equ

According to The Information, at the request of Nvidia (NVDA.O), TSMC (TSM.N) is considering producing 3D DRAM.

According to the "Regulations for the Operations of Non-Security Virtual Assets in Nigeria" published by the Central Bank of Nigeria (CBN) on November 5, 2026, the CBN will regulate non-security virtual assets and stablecoins used for payment, settlement, and exchange purposes, while securities will still fall under the jurisdiction of the Securities and Exchange Commission (SEC).Foreign currency-pegged stablecoins (Class 2) must be issued by locally licensed entities in Nigeria, with a minimum paid-up capital of 15 billion Naira (approximately 11.16 million USD); the minimum for Naira-pegged Class 1 issuers is 10 billion Naira; entities providing other non-security virtual asset services must have at least 1 billion Naira in capital, and those already holding an SEC license cannot double count towards CBN capital requirements.P2P business facilitated by platforms must obtain special approval from the CBN, and before releasing or crediting regulated tokens, the names on the Naira payment accounts must be verified to match the Bank Verification Number (BVN). Categories such as algorithmic stablecoins are prohibited, and the boundaries of responsibilities between CBN and SEC are defined.

According to a letter to investors from Walleye Capital, the hedge fund will streamline its internal long/short equity business, replace the leadership of this business along with a significant portion of the investment team, and plans to return some capital to investors, with specific amounts, timing, and methods to be announced separately.Walleye lost 5.9% in October, marking its worst monthly performance since March 2020. The company stated that the internal long/short equity business has performed the weakest since 2023, and will subsequently focus more on volatility, quantitative, and external management strategies, but will still retain stock investments through external managers and high-conviction internal managers.The financial research community Special Situations also summarized that internal teams from Axebrook, Engineers Gate, Lone Pine, Millennium, and Verition, along with Samlyn, have experienced liquidations, large redemptions, or team adjustments this week. Some of this information has not yet been officially confirmed and should not be interpreted as all related funds having been liquidated.

According to the "Science and Technology Innovation Board Daily," Shanghai Bangxin Semiconductor Technology Co., Ltd. recently completed a B+ round of financing, with a total scale exceeding 600 million yuan. This round was led by Jiangxia Ke Investment Group, with follow-on investments from Bank of China Capital, Changjiang Venture Capital, and other institutions. The funds will mainly be used for the research and development of advanced process equipment, capacity construction, and the establishment of a delivery system in the Central China region.Bangxin Semiconductor was established in 2020 and is headquartered in the Shanghai Lingang New Area. It mainly provides front-end process equipment such as etching, photoresist stripping, and thin film deposition for wafer manufacturing companies. The company's chairman, Wang Zhaoxiang, holds a Ph.D. in Physical Chemistry from the University of Science and Technology of China, and the core team comes from leading domestic semiconductor equipment companies. The company has entered the supply chain of leading domestic memory chip and wafer manufacturing enterprises, with multiple equipment validated by customers and achieving mass installation, with over 100 units expected to be delivered by 2025.Jiangxia Ke Investment Group is also the project initiator for Bangxin's Wuhan project. On April 22 of this year, Bangxin's Central China production base located in the Jiangxia Intelligent Manufacturing Industrial Park in Wuhan commenced construction; on October 28, the first phase of this base officially went into production. The first phase covers an area of over 4,500 square meters and is responsible for assembly, testing, process validation, and delivery. After reaching full production capacity, it is planned to produce 100 semiconductor equipment units annually, with an annual output value of 600 million yuan. The Hubei Provincial Economic and Information Technology Department referred to this project as the first core equipment project for the front-end of the semiconductor industry chain in the Jiangxia District.

According to Digital Asset, the Financial Services Commission of South Korea announced that it will formulate new guidelines requiring virtual asset service providers to immediately notify the Financial Supervisory Service and the Financial Security Institute upon discovering security incidents. Currently, these companies only need to report to the Korea Internet & Security Agency. Financial authorities believe that as virtual assets become increasingly intertwined with the financial industry, it is necessary to quickly convey incident information to financial regulatory bodies for investigation, information sharing, and consumer protection.Financial authorities also plan to establish the Digital Financial Security Act, which will apply security regulations comparable to the current Electronic Financial Transactions Act to virtual asset service providers, insurance agencies, and the lending industry, which hold a large amount of customer information or could cause significant asset losses. The legislation is planned to be completed and submitted in the first quarter of 2027. In addition, South Korea will conduct comprehensive security inspections of approximately 580 financial companies, including virtual asset service providers.

Sequoia Capital published a long article titled "The Sequoia of Tomorrow" on X, introducing a series of adjustments made after completing the generational transition for one year.Sequoia stated that it will focus on high-confidence, highly selective venture capital, simplify the structure of the Sequoia Capital Fund, discontinue the batch accelerator Arc and Scouts projects, and streamline its operations and investment teams.Sequoia will no longer distinguish between "early-stage" and "growth-stage" teams, unifying them into one team; at the same time, it will close its London office, with some employees leaving, and will support European entrepreneurs from its headquarters in the San Francisco Bay Area in the future.In addition, Sequoia mentioned that it has flattened the partner structure, canceled the weekly partner meeting cycle, and has raised approximately $10 billion for a new fund. Currently, Sequoia is jointly held and operated by seven general partners, with a positive outlook on areas such as AI, space, biotechnology, and re-industrialization.

According to Bitcoin News monitoring, attackers exploited a vulnerability in the Elements range proof verification, issuing approximately 4,000 L-BTC without Bitcoin reserve support, reducing the reserves from about 4,205 BTC to 197 BTC. Most of the tokens have been returned, and the last 250 BTC deposited filled the gap.SideSwap currently shows that 4,270.54 BTC supports an equal amount of L-BTC. Direct redemption through the alliance is still restricted, and users need to exit through exchange service providers.

Tether released the Tether Gold (XAUT) third-quarter reserve report. As of September 30, the physical gold reserves backing XAUT reached 827,418 troy ounces (approximately 25.7 tons), an increase of 59% from 520,089 troy ounces (approximately 16.2 tons) at the end of 2025. Based on a price of $4,157.41 per ounce, the market value is approximately $3.44 billion. The circulation of XAUT is 827,418 tokens, with each token corresponding to 1 troy ounce of physical gold, of which approximately 709,000 have been sold, and about 118,000 are available for sale.The aforementioned gold is stored in Switzerland and meets the London Bullion Market Association (LBMA) good delivery standards, consisting of a total of 2,057 gold bars weighing 12.5 kilograms each, with 766 bars added this year.

According to Cointelegraph, the French National Assembly passed Amendment I-2701 with 150 votes in favor, 44 against, and 8 abstentions, requiring taxpayers to report self-custodied crypto assets totaling no less than 100,000 euros (approximately 112,000 USD) to the tax authorities, with the reporting threshold calculated based on the holdings as of December 31 of the relevant tax year.In the same session, the National Assembly rejected another amendment with 69 votes against and 14 in favor, which originally aimed to exempt from tax the income from crypto payments for goods and services not exceeding 1,000 euros (approximately 1,120 USD) within the tax year. The aforementioned reporting requirement has been included in the 2027 Finance Bill and must be retained in the final legislation to take effect. The National Assembly is required to complete the first reading of the bill by November 17, and the Senate is scheduled to begin discussions on November 20.The National Assembly also postponed the vote on the revenue portion of the budget for the second time, which was originally scheduled for October 20. Faustine Fleuret, the global public affairs head of the lending protocol Morpho, stated that the revenue portion "is likely to be rejected," which could lead to the entire bill being rejected in the National Assembly, including the provisions incorporated through the passed amendments.Previously, the assembly rejected two proposals to impose an exit tax on unrealized crypto gains for taxpayers moving abroad and passed an amendment on October 16 to tax the income from converting crypto assets into stablecoins classified as electronic money tokens under EU rules.

According to the ruling of the United States Court of Appeals for the Second Circuit, the court denied the request for an injunction by Coinbase Financial Markets and Kalshi during the appeal period. The related cases involve the enforcement of prediction markets in Connecticut and New York.The court is simultaneously hearing three appeals, which involve the case against Coinbase in Connecticut, as well as the cases against Kalshi in Connecticut and New York. The judges stated that the applicants failed to demonstrate the necessity of issuing an injunction during the appeal period; the ruling did not make a decision on the substantive issues of the appeal and did not require the platforms to cease trading or close existing positions.

Bitget's Greater China Regional Head, Xie Jiayin, stated during a live broadcast that Bitget is opening up the opportunity for all platform users to subscribe to the Anthropic IPO through IPO Prime.Xie Jiayin emphasized that Bitget, as a subscription channel service provider, does not make any commitments regarding project returns. The primary market IPO itself carries uncertainties, and users need to thoroughly study project materials, independently assess risks, and make their own decisions on whether to participate in the subscription.Xie Jiayin also introduced that the IPO Prime previously launched SpaceX and OpenAI, which saw increases of approximately 45% and 48% respectively one month after opening for subscription. However, past performance is only a reference for historical cases and does not represent the expected returns for this ANT.

CryptoQuant analyst Darkfost stated that on-chain data shows that the "seller exhaustion model" indicator for Bitcoin has dropped to its lowest level since the bear market began. This model measures whether sellers still have enough chips to continue pushing prices down by comparing the market's profitable supply ratio with the average monthly volatility.As BTC has corrected more than 10% from its previous high, short-term profit-taking in the market has basically concluded, and selling momentum has significantly weakened. Historically, this sharp decline in selling pressure typically aids in the formation of market bottoms. The analyst also warned that reduced selling pressure does not equate to an immediate market rebound. The current core contradiction lies in the fact that although sellers have calmed down, the market still lacks sufficient "new demand" to drive prices upward. Until substantial buying capital returns, Bitcoin's upward potential remains limited.

According to a report by Korean Electronic News on November 3, major global semiconductor equipment companies such as Applied Materials, ASML, Lam Research, Tokyo Electron, and KLA have entered the final stages of equipment supply contracts for 2028, with some companies also beginning discussions on procurement orders for equipment available in 2029. Industry insiders say that there is a surge in demand centered around front-end processes, with a desire to quickly move equipment into fabs. Core equipment partners of companies like TSMC, Micron, and Intel are formulating supply strategies for 2029, and some Korean equipment companies that directly trade with these overseas manufacturers are also reviewing supply plans for two to three years ahead.Discussions on wafer fab equipment supply contracts typically start 6 to 12 months before implementation, with delivery taking about 3 to 6 months after purchase orders are placed. Reports indicate that investment in artificial intelligence infrastructure continues, and semiconductor manufacturers are simultaneously advancing large-scale equipment investments, with equipment delivery times now more than doubled compared to usual, with some categories exceeding 2 years, and related contracts being pushed forward by 1 to 2 years compared to normal. ASML stated during its earnings announcement last month that it expects no interruptions in the supply of lithography equipment until 2028 and is also exploring plans to expand future capacity.An executive from a global equipment company stated that discussing equipment supply three years out at this point is unusual, and combined with the current state of fab investments, this trend is expected to continue until 2030. Another industry insider mentioned that global front-end and back-end investments are proceeding in parallel, and the trend of signing equipment import contracts earlier than competitors may spread to the back-end sector, prompting Samsung Electronics and SK Hynix to take measures to secure core process equipment in advance. Samsung Electronics and SK Hynix are currently continuing to advance their fab investments.

According to CoinDesk, the stablecoin OpenUSD (OUSD), initiated by Stripe, Visa, Mastercard, Coinbase, and Shopify, will charge a management fee of 0.1 basis points based on payment volume, with a maximum fee of $0.01 per transaction. The document shows that payments of $1,000 and above are subject to the $0.01 cap, while smaller payments are charged at 0.1 basis points of the amount.Unlike USDT and USDC issuers who retain reserve interest, OUSD distributes reserve earnings to partners, deducting only the management fee. Open Standard also provides partners with opportunities to gain equity in projects based on OUSD holdings and cash flow, requiring partners to hold at least $50 million to participate in the equity pool, with a maximum ownership percentage of 5% for a single partner. Additionally, Visa has released a technical implementation and user guide of over 100 pages for partners to integrate OUSD through the Visa stablecoin platform.

The NFA has approved PM Derivatives LLC, a subsidiary of Polymarket, to operate as a Futures Commission Merchant (FCM). An NFA spokesperson stated that the subsidiary has met all requirements for FCM registration, but actual futures brokerage operations still require approval from the Commodity Futures Trading Commission (CFTC).If approved, PM Derivatives will be able to act as an intermediary to receive customer orders and funds; Polymarket stated that the subsidiary plans to adopt a full collateral model, requiring customers to provide sufficient funds for the entire position at the time of the transaction. The CFTC is currently still investigating Polymarket.

According to a report by South Korea's News1, industry sources say that the Financial Services Commission (FSC) of South Korea held an emergency security inspection meeting on November 2 with major cryptocurrency exchanges and custodians, using the Binance theft incident as an opportunity to discuss increasing the proportion of cold wallet custody at exchanges. The current proposal is to raise this proportion from the 80% stipulated by the existing Virtual Asset User Protection Act to around 99%, which is maintained by some large exchanges.It is reported that the cold wallet custody ratio of Upbit user assets exceeds 99%, Bithumb is about 94%, Coinone is 85%, and exchanges like GOPAX are just above 80%. Industry insiders warn that increasing the ratio will reduce the assets available for immediate withdrawals in hot wallets, which may lead to withdrawal delays and increase the operational burden on small and medium-sized exchanges. In August of this year, Bithumb experienced delays of about 13 hours for withdrawals of some altcoins due to insufficient hot wallet balances. This proposal is still under discussion and has not yet been finalized.

Renowned trader Killa posted that in the cryptocurrency industry, those who frequently showcase so-called huge profits should be approached with caution. Such individuals may have poor trading performance and attempt to prove their abilities by displaying screenshots of simulated trading profits.He believes that those who truly trade with large amounts of capital usually do not need to constantly prove themselves to the outside world, and he reminds the community not to be easily deceived by the trading results presented on the surface, but to pay attention to the details.

Binance founder Zhao Changpeng stated in an interview, "The theft incident seems to never happen until it actually does, right? But often just before something happens, you overlook some details. Therefore, as long as you invest enough energy and attention, every security incident can actually be avoided. I believe we can learn a lot from this.Without sufficient technological application and market adoption, the tech sector may not receive enough investment. Therefore, market demand also needs to grow in sync, and the two must promote each other. We cannot wait until technology reaches 100% maturity to take action, because technology can never achieve absolute maturity; it is always in a process of continuous improvement.The development speed of AI technology is very fast, but it also brings many problems, such as security issues. In the past, we might see a hacking incident every month or so, but now it could happen every week. Just yesterday, four cryptocurrency trading platforms experienced different hacking attacks.I expect that the frequency and speed of hacking attacks will further increase in the future, as attackers are also leveraging AI more. At the same time, we must also utilize AI technology more to strengthen our defenses. To combat a powerful opponent, sometimes you must possess comparable capabilities.Therefore, we actually need to have AI technological capabilities to respond to these threats. So, there is no so-called perfect timing to wait until technology is fully mature and all security issues are resolved before taking action. Technology and security capabilities are always evolving."

The spokesperson for the Chinese Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter asked, according to the Financial Times, Nvidia requires some data center partners to provide at least 51% of their services to non-Chinese companies, which may restrict Chinese companies from accessing key artificial intelligence technologies. What is China's response to this?In response, Mao Ning stated that she is not familiar with the specific situation. We have always believed that all parties should cooperate based on the principles of fairness, transparency, and non-discrimination.