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On November 12, Gate founder and CEO Dr. Han was invited to speak at the Oxford Union, delivering a keynote speech titled "Start Alone," reflecting on his 13 years of entrepreneurial journey since founding Gate alone in 2013. He shared experiences and thoughts on entrepreneurial resilience, rapid innovation, team building, and opportunities for entrepreneurship in the AI era.Dr. Han stated that the founding of Gate stemmed from his early experiences of losses incurred through trading on online forums. To create a more trustworthy digital asset trading platform, he started his business alone without external venture capital support. Since then, Gate has experienced multiple industry fluctuations and significant business challenges, gradually growing through continuous innovation and adjustments. He emphasized that maintaining a strong long-term belief, quickly seizing new opportunities, and continuously improving innovation and execution efficiency are crucial factors for companies to face challenges and achieve long-term development.Regarding the AI era, Dr. Han proposed the "Boss + AI" model, pointing out that AI can significantly enhance information acquisition, knowledge learning, and daily work efficiency, empowering individual entrepreneurs with stronger execution capabilities. At the same time, he emphasized that "Start Alone" does not mean always going it alone; entrepreneurs must have the courage to take the first step independently while also seeking suitable partners and team members during the development process. Through this keynote speech at the Oxford Union, Dr. Han brought Gate's 13 years of entrepreneurial journey into a broader industry discussion and, drawing from years of personal practice, provided insights and inspiration for a new generation of entrepreneurs.

On Thursday, Microsoft experienced a widespread service outage in Eastern Time, affecting thousands of users in multiple regions, involving Microsoft 365 services and Outlook. Amazon Web Services and Google users also reported service interruption issues.Microsoft is investigating, with the problem primarily concentrated on Exchange Online, caused by some servers unexpectedly becoming unavailable, leading to excessive load.

According to the Hong Kong Securities and Futures Commission, it co-hosted a seminar with the Hong Kong Monetary Authority on November 11, attended by over 200 industry professionals. The seminar topics included the opportunities brought by tokenization for secondary market trading and corporate treasury management, financial infrastructure optimization measures supporting payment and liquidity management, the role of virtual asset trading platforms in facilitating tokenized fund trading and providing liquidity, as well as cases promoting the broader application of tokenized currencies and tokenized investment products.The Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Wu Jiali, stated that the development of tokenization in Hong Kong is moving from the experimental stage to commercial application, with the next phase focusing on integrating tokenized investment products, digital currencies, and financial infrastructure to drive practical applications. The Assistant Chief Executive (Financial Infrastructure) of the Hong Kong Monetary Authority, Zhou Wenzheng, stated that the Monetary Authority will continue to work closely with the Securities and Futures Commission to promote responsible innovation in the field of tokenization.

Xie Jiayin discussed Bitget's Open Custody Network (OCN), stating that its core idea is to recognize the limitations of traditional asset custody and trading services. Therefore, he proposed the concept of "assets stored in banks, trading on Bitget."By connecting banks, professional custody institutions, and Bitget's trading infrastructure through OCN, banks and professional custody institutions can leverage their advantages in the asset custody field, while Bitget focuses on trading services, liquidity, and trading experience. He believes that financial services should not force users to choose between asset security and trading efficiency, but should provide more options through better infrastructure, returning the choice to the users.

The latest monitoring report released by Morgan Stanley's prime brokerage team on Tuesday shows that global equity hedge funds staged the most intense de-risking action in over a decade during the first week of November, with a widespread wave of liquidations spreading across global markets.In the Asian market, hedge funds are controlling risk exposure through a dual strategy of reducing long positions and increasing short positions, a phenomenon particularly pronounced in the tech-heavy South Korean market. The selling pressure is mainly driven by fundamental stock-picking funds, while multi-strategy, macro, and quantitative funds are taking the opportunity to close out previous short positions, indicating a clear divergence in institutional strategies.Goldman Sachs data shows that the total leverage of U.S. fundamental long-short funds plummeted by 8.7 percentage points in a single week, marking the largest decline since the outbreak of the pandemic in March 2020; however, from the perspective of all-inclusive PB clients, the overall total leverage remains as high as 314.2%, placing it in the 85th percentile over the past year. Dubravko Lakos-Bujas, Global Market Strategy Chief at JPMorgan, believes that this round of adjustment is essentially a concentrated deleveraging by momentum traders, with capitulation-style selling already quite deep, and technical indicators suggest that short-term oversold and bottoming signals are accumulating.

According to CoinDesk, Alessandro Hatami, founder of Pacemakers and former Chief Operating Officer of Digital Banking at Lloyds Banking Group, stated in a commentary article that as cryptocurrency companies increasingly converge with banks, it is worth questioning whether stablecoins still possess lasting advantages.

Elon Musk stated on social media that Grok 4.8 has entered the reinforcement learning phase and plans to roll out a limited gray release to Bot users later this week.Grok 4.8 has rewritten the tech stack using C/C++, and training and supervised fine-tuning have been completed, with evaluation metrics beginning to improve.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Nuggets vs. Rockets," the "Yes" option for the sub-market "Nikola Jokić: Assists O/U 8.5" has experienced significant fluctuations in winning probability, soaring from 28.5% an hour ago to the current 47.5% (a fluctuation of 19%). Please note the impact of related breaking news.

According to Bloomberg, over the past two years, the cryptocurrency industry has enjoyed a rare political advantage in Washington: the U.S. President has prioritized digital assets as a national priority, regulators have paved the way for it, and the Republican-controlled Congress has been sympathetic to its agenda. With the Democratic Party's significant victory in the midterm elections and control of Congress, the cryptocurrency industry is facing stricter rules and closer scrutiny of Trump's cryptocurrency business, and its political advantage is waning.The Democratic Party has indicated plans to impose stricter ethical constraints, stronger consumer protections, and to give the SEC a greater role in regulating digital assets. Cryptocurrency critics Maxine Waters and Elizabeth Warren are expected to wield greater influence in the House Financial Services Committee and the Senate Banking Committee, respectively. However, many of the cryptocurrency industry's achievements are difficult to reverse, such as the stablecoin bill which requires new legislation to be repealed.

Tom Lee, Chairman of the Bitcoin treasury company Bitmine, stated in an interview with CNBC that the AI investment boom is far from over. As more and more users utilize tokens, the demand for computing resources may continue to rise, leading to a tightening of computing power supply again and driving related prices up. The bottleneck in AI infrastructure may once again become a focus of market attention. In addition, while many states and local communities in the United States welcome the economic benefits brought by AI investments, they will also seek to promote related investments based on their own conditions and strengthen AI safety regulations.

According to Arkham monitoring, a certain whale took advantage of the ETH price drop of over 6% to quickly purchase 10,000 ETH through a newly created wallet from Coinbase, worth approximately 23.28 million USD.

According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Myles Turner: Rebounds O/U 4.5" for the "Bucks vs. Celtics" event on the Polymarket has experienced significant fluctuations, soaring from 32% an hour ago to the current 50.5% (a fluctuation of 18.5%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the Polymarket event "Celtics vs. Rockets," the sub-market "Kevin Durant: Points O/U 9.5" saw a dramatic fluctuation in the probability of the "Yes" option, soaring from 49.5% an hour ago to the current 64.5% (a fluctuation of 15%). Please note the impact of related breaking news.

According to CNBC, Morgan Stanley has downgraded the stock rating of cryptocurrency trading platform Coinbase (COIN) from equal weight to underweight, and significantly lowered the target price from $258 to $120, implying about a 16% downside from last Friday's closing price.Analyst Michael Cyprys stated in a client report on Monday that the company is still advancing a broader strategy, but recent trading trends have weakened, forward revenue outlooks are soft, and the uncertain outlook for the cryptocurrency market makes the "profit recovery" narrative harder to establish.Cyprys pointed out that Coinbase's cryptocurrency trading in October has weakened, with fourth-quarter trading revenue of about $165 million as of October 25, which, at this pace, would amount to about $607 million for the year, approximately 11% lower than the market consensus of about $685 million.In the past month, COIN's stock price has fallen by about 22%. After competitor Binance faced a hacking incident worth about $6 billion last week, cryptocurrency trading may further stagnate, dragging down Coinbase's earnings and stock price.Morgan Stanley has lowered its revenue forecast for Coinbase in 2027 by 28%, and adjusted EBITDA forecasts have been cut by 47%. This rating contrasts with the mainstream view on Wall Street: LSEG data shows that among the 41 analysts covering Coinbase, 26 have given buy or strong buy ratings, while 13 hold.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "LoL: Hanwha Life Esports vs. Bilibili Gaming - World Championship Group Stage," the "Yes" option for the sub-market "Any Player Quadra Kill" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring on-chain data, significant capital movements are predicted in the Polymarket market. A large whale invested $68,328.97 in a single bet on "Game 2 Winner" for the event "LoL: LOS vs LYON (BO3) - Worlds Group Stage." Based on the current transaction price, the latest corresponding winning probability for this bet is 59%.