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Analyze, responsible for the extensive marketing and operational strategies of the Elysium ecosystem token issuance platform Ascend, responded to related doubts about Spinor and the Ascend community. Analyze stated that the plan to purchase tokens from the ecosystem issuance platform Montra was made solely by him, and other team members were not involved in that decision. He mentioned that one or two days before the token launch, he transferred $100,000 to a wallet to establish a position, viewing this as a business arrangement for Ascend, believing that companies often purchase equity in competitors through strategic investments, and purchasing Montra was similar. Analyze stated that the relevant tokens were purchased after the launch, and any market participant could perform similar operations.Analyze also mentioned that after learning about the purchase of Montra tokens, a friend created a FOMO wallet and suggested transferring the tokens to that wallet. He admitted that a large number of comments were handled by him before the release, and he did not stop them, allowing them to continue, calling this practice extremely unprofessional and apologizing for it. Analyze stated that unexpected situations arose on the day of the launch, leading him to make irrational decisions, and he also pushed Tommy to acquire more supply, while Tommy initially expressed opposition. Analyze publicly apologized to Tommy, the rest of the Ascend team, and the community, stating that his decision put all parties in the current situation, and he takes responsibility for it.

According to informed sources, NVIDIA CEO Jensen Huang walked into the company's headquarters in Santa Clara, California on Monday and hosted the morning meeting with senior management as usual. The sources said that at the beginning of this closed-door meeting, Huang first expressed his apologies to employees regarding the recent turmoil. He did not take any questions but quickly shifted the topic to business and the main agenda for the day.On Tuesday, Huang also came to the office for meetings. There is only one week left until NVIDIA releases its new quarterly earnings report. Insiders at NVIDIA stated that Huang is trying to create an atmosphere of "business as usual," but the mood within the company is "low."

Stablecoin payment infrastructure service provider WasabiCard announced that it will participate in the Singapore FinTech Festival 2026, held from November 18 to 20, focusing on showcasing compliant white-label card issuance infrastructure for enterprises and fintech platforms.According to the introduction, WasabiCard supports enterprises in issuing virtual and physical cards under their own brand, providing features such as bulk card issuance, API integration, expense management, and transaction monitoring to meet payment needs in scenarios like advertising purchases, AI and SaaS subscriptions, daily corporate expenses, and global payroll. By collaborating with issuing institutions, banks, and payment processing partners, WasabiCard integrates compliance management into card issuance project design and daily operations, helping enterprises develop branded card businesses according to the requirements of different markets.During the exhibition, WasabiCard will be at booth 3G13 in Hall 3 of the Singapore Expo, discussing cooperation opportunities in white-label card issuance, embedded payments, and compliant operations with financial institutions, fintech platforms, and corporate clients.

On November 8, Tencent's AI product WorkBuddy released a statement and compensation announcement regarding the DeepSeek-V4.1 Flash discount event. On September 10, WorkBuddy launched DeepSeek-V4.1 Flash and simultaneously started a two-week 50% discount points experience event, which was originally scheduled to end on September 24. Subsequently, WorkBuddy extended the discount until November 5 and restored the original price starting from 14:00 on November 5. Due to the delay in announcing this adjustment to users, WorkBuddy expressed its apologies for the inconvenience caused.WorkBuddy has decided that for accounts that used DeepSeek-V4.1 Flash from 14:00 on November 5 to 23:59 on November 8, all points consumed during this period will be settled at the original price with a 50% discount. The difference, which is 50% of the total points actually consumed, will be fully refunded. No application is required for the refund, as it will be automatically calculated by the system and is expected to be credited within 7 working days.

NVIDIA CEO Jensen Huang apologized in an email sent to all employees regarding the extramarital affair. In the internal company letter, Huang stated that he takes full responsibility for being unfaithful to his wife, is completely dedicated to NVIDIA, and will work hard to regain everyone's trust.The NVIDIA board of directors issued a statement saying that it is initiating an independent investigation into CEO Jensen Huang and will hire external lawyers for the investigation, while also expressing confidence in Huang and his leadership team. As a result, NVIDIA's after-hours trading fell more than 2%. A spokesperson for NVIDIA stated that the investigation news will not slow down NVIDIA, and Jensen Huang has committed to continue leading the company as CEO without interruption.

After the U.S. midterm elections, concerns about tightening AI regulations and slowing data center construction have intensified, leading to a significant sell-off in U.S. tech stocks. On November 5, the "Seven Sisters" of U.S. stocks lost approximately $1.04 trillion in market value in a single day, with Nvidia dropping 9.26%, resulting in a loss of over $440 billion in market value, which is 2 to 4 times the decline of core clients like Microsoft, Google, and Amazon.The financial pressure on AI infrastructure investment is increasing. In the third quarter of this year, the combined operating cash flow of Microsoft, Google, Amazon, and Meta was no longer sufficient to cover fixed asset expenditures, with a funding gap of about $26.4 billion, whereas a year ago, the four companies still had a cash flow surplus of about $61.7 billion. Amazon's free cash flow turned from $14.8 billion in the past 12 months to a net outflow of $42.4 billion, while Meta's free cash flow turned negative for the first time in over a decade, and Google's long-term debt increased from about $20 billion to $125 billion.On Election Day, out of 41 local propositions related to data centers in 10 U.S. states, 40 of the voting results leaned towards restricting development, with 27 restrictive or oppositional propositions being passed. Research firm SemiAnalysis predicts that the impact of related policy changes on projects already underway by 2027 will be limited, but it may affect computing power expansion plans for 2028 and beyond. More than 90% of Nvidia's revenue comes from data center business; during the same period, Google Cloud's operating profit in the third quarter reached three times that of the same period last year, AWS's operating profit increased from $11.4 billion to $17.8 billion, and Microsoft Azure's revenue grew by 48%.

According to Tech in Asia, the Singapore-based semiconductor startup Symatics released the Morphic Processing Unit (MPU) architecture at the 2026 Business and Charity Forum, aiming to improve AI response speed by optimizing data organization and processing methods.Symatics stated that the architecture employs row-column parallel processing and compiler planning execution mechanisms to reduce data transfer between memory and computing units, primarily targeting interactive AI and inference tasks. The company plans to collaborate with Singapore's research institutions and industry partners through an open architecture and licensing model. Currently, the MPU is still in the R&D stage, with technical validation work ongoing, and no progress has been disclosed regarding financing, prototype chips, or tape-out.

According to The Block, the Singapore Police Force stated that they successfully prevented $17.4 million in fraud losses in a joint operation with cryptocurrency exchanges.The police utilized blockchain analysis and customer data from platforms such as Coinbase and OKX to identify over 383 victims. Intelligence shared with the FBI, New South Wales Police Force, and the Canadian Anti-Fraud Centre also helped identify 32 foreign victims.

After the U.S. midterm elections, the tech stock sell-off spread to Asia, with South Korea's KOSPI dropping 9% during trading, triggering a circuit breaker, and the Nikkei entering a technical bear market. The Asia-Pacific stock market evaporated over $1 trillion in a single day. Bitcoin fell about 6% to $75,600, with a smaller decline than tech stocks.

According to Singapore's Lianhe Zaobao, in response to the recent incident where approximately $6.3 billion in assets were stolen from Binance, the Monetary Authority of Singapore reiterated that the general public is not suitable for engaging in cryptocurrency trading. Consumers must exercise caution when trading and should not transact with unregulated companies.The Monetary Authority pointed out that Binance is not authorized to provide regulated financial services in Singapore and was placed on the investor alert list as early as September 2021. Although its local platform Binance.sg ceased operations in 2022, it could not prevent Singapore investors from using Binance.com. A spokesperson for the Monetary Authority stated that licensed digital payment token service providers must establish strict control mechanisms to effectively manage technological and network risks and protect customer assets. However, even with a license, regulatory measures cannot completely prevent consumers from incurring losses due to the inherently high risks associated with cryptocurrencies.

The Macro Paper account posted on platform X, stating that as of the time of the post, the market value of U.S. stocks had evaporated by $2.8 trillion that day, marking the largest single-day market value loss in history, surpassing the previous record of $2.69 trillion during the COVID-19 pandemic.Reader-supplied background information shows that the U.S. stock market lost about $2 trillion in market value that day; in comparison, on March 16, 2020, the market value loss was approximately $3.5 trillion. Elon Musk expressed surprise in the comments section, stating that he rarely sees similar situations.

The Macro Paper account published on platform X, stating that according to the data compiled by the company, the seven tech giants in the US stock market (Alphabet, Nvidia, Meta, Tesla, Amazon, Microsoft, Apple) have invested approximately 766 billion dollars this year, corresponding to a total market value evaporation of about 4.85 trillion dollars since the peak in 2026, which translates to approximately 6.33 dollars in market value evaporated for every 1 dollar invested.Breaking it down, Alphabet invested about 200 billion dollars, with a market value evaporation of approximately 1.62 trillion dollars; Nvidia invested about 7.4 billion dollars, with a market value evaporation of approximately 1.49 trillion dollars; Meta invested about 140 billion dollars, with a market value evaporation of approximately 501 billion dollars; Tesla invested about 20 billion dollars, with a market value evaporation of approximately 475 billion dollars; Amazon invested about 220 billion dollars, with a market value evaporation of approximately 378 billion dollars; Microsoft invested about 170 billion dollars, with a market value evaporation of approximately 197 billion dollars; Apple invested about 9 billion dollars, with a market value evaporation of approximately 194 billion dollars.Editor's note: The above investment criteria and market value drawdown starting point are as stated by the account, and independent third-party comparison criteria have not yet been disclosed.

According to The Information, Nvidia (NVDA.O) is in talks with Apollo to transform Brightspeed's assets into AI data centers.

According to Gate market data, the total market value of U.S. stocks evaporated by about $2.3 trillion approximately one hour after the market opened today. During the session, the S&P 500 briefly dipped to an intraday low of about 7394 points, falling approximately 3.83%, corresponding to a total market value that once evaporated by about $3 trillion. It has currently rebounded somewhat, with the market value evaporation narrowing to about $2.5 trillion.

According to sources, the Japanese government is studying the inclusion of an exception clause for the "Three Non-Nuclear Principles" in the National Security Strategy, allowing for the introduction of nuclear weapons in emergency situations.

According to Tech in Asia, Visa announced the establishment of six global capability centers at its new Solutions Center in Bayfront Oasis, Singapore, gathering over 1,500 professionals.These centers will focus on applying AI to agency-based commerce, digital currencies, stablecoins, programmable payments, wallets, alternative payment methods, cybersecurity, and quantum computing. Visa also stated plans to expand research, engineering, and innovation positions, with partners including DBS Bank, Nium, and StraitsX.The Singapore Economic Development Board stated that Visa's investment will create high-value job opportunities for Singaporeans. In addition, Visa has launched USDC settlement in the United States and stated that stablecoins can support faster cross-border payments and programmable currency.