ems

Morgan Stanley believes that the market is concerned that the results of the U.S. elections may slow down data center construction, leading to a sell-off of AI-related stocks, which seems excessive. The firm stated that AI spending is likely to continue to expand and noted that the previously expected planning capacity of approximately 5 gigawatts for U.S. data centers in 2028 may be postponed to 2029, rather than being canceled.Morgan Stanley stated that this keeps the spending plans of hyperscale cloud service providers largely unchanged. Analysts said that this delay could extend the AI investment cycle by alleviating supply constraints and supporting pricing; they remain optimistic about major AI beneficiaries including Amazon, Microsoft, Meta, and Google, while also finding opportunities among semiconductor, infrastructure, and software companies.

Binance founder CZ retweeted a warning about a critical vulnerability in Microsoft Paint, stating: "The application cannot protect you from operating system vulnerabilities, please update your operating system immediately."It is reported that Microsoft has disclosed a Windows Paint vulnerability numbered CVE-2026-83844, with a CVSS score of 8.1, affecting versions of Microsoft Paint below 11.2605.91. The vulnerability stems from an out-of-bounds read issue, which could allow an unauthenticated attacker to remotely execute malicious code without user interaction. Microsoft has released a security patch, and there have been no confirmed reports of the vulnerability being actively exploited. CZ uses this to remind users that application layer security measures cannot replace the security updates of the operating system itself, and system and software patches should be installed promptly.

According to official news, the tokenized securities financing infrastructure Lombard Systems (formerly SemiLiquid) has completed a $4 million seed round financing, led by Ethereal Ventures, with participation from ALPS Capital, First Commit, Veris Ventures, and ATKA.Lombard Systems provides financing infrastructure for tokenized securities and maintains the "Delivery versus Lock" (DvL) standard. This standard allows banks, brokers, and transfer agents to accept tokenized and digital assets as collateral without moving the assets out of their original securities accounts, with the assets still locked in the owner's name. Lenders obtain enforceable secured interests evidenced by cryptographic signature credit certificates.

According to a case published by the People's Court of Fusui County, Guangxi, in 2020, a couple in their seventies, referred by an acquaintance, participated in an overseas virtual currency mining machine financial management project, initially investing 4,200 yuan and successfully recovering the principal, followed by additional investments of over 60,000 yuan.In December 2020, the involved platform was shut down, and the funds could not be withdrawn. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of all investment funds and interest.The court found that the virtual currency investment behavior involved violated relevant financial regulatory provisions and contravened public order and good morals, rendering the entrusted financial management contract invalid. The investment losses primarily stemmed from the illegality of virtual currency trading itself and platform risks, rather than being directly caused by the actions of the trustee. Based on this, the court dismissed the plaintiff's lawsuit, and the second instance upheld the original judgment, which has now taken effect.

Palantir CEO Alex Karp stated that Japan may gain an advantage in developing an AI technology stack suitable for its national defense needs, as the company is eager to provide AI systems to the Japan Self-Defense Forces.Karp emphasized that the Japanese private sector needs to develop, train, and control its own artificial intelligence models to protect its intellectual property.

The Financial Services Agency of Japan (FSA) released a commissioned research report on overseas financial regulatory systems, totaling 609 pages, authored by the Japanese law firm Atsumi & Sakai. The report covers eight countries and regions, including the United States, the United Kingdom, the European Union, China, and Hong Kong, aiming to provide references for Japan's financial system planning and legislation.The report focuses on outlining the regulatory systems for cryptocurrency exchanges, stablecoins, and the tokenization of real-world assets (RWA) in various regions, including the U.S. "GENIUS Act," the EU MiCA regulations, the UK's stablecoin regulatory framework, and China's regulations on virtual currencies and RWAs to be released in February 2026.The report points out that, according to current Chinese regulations, the issuance, trading, and related services of RWA tokenization within the country are generally prohibited, except for businesses that have obtained approval from the competent authorities and rely on specific financial infrastructures. Additionally, the report discusses Hong Kong's expansion of the scope of tokenized securities trading and related market regulatory arrangements.

Binance founder Zhao Changpeng stated that the recovery work for token assets seems to have begun.He added that users pay transaction fees in the currency they are trading when using Binance, so Binance will naturally accumulate various tokens that it lists.Zhao Changpeng also emphasized: "User funds are safe!"

The Ethereum institutional privacy technology organization EthSystems announced the completion of formal verification for its privacy pool (shielded pool), ranging from written specifications to the bytecode running on the Sepolia test network. The verification used different tools in layers: models, circuits, and hashes with Lean; contracts with Halmos and Kontrol; wallets with Aeneas and Verus; and validators and deployment verified through byte-by-byte reconstruction.Double spending and value conservation have been verified by the Lean theorem prover. During the verification, a total of 6 issues were discovered, 3 of which were found in the verification tools themselves. The team also listed the assumptions that still rely on: hash collision resistance, validators rejecting forged proofs, and contract behavior being consistent with the model.

According to Forbes, the American satellite startup Xona Space Systems has completed a $250 million Series D funding round, with the company's valuation reaching $2.45 billion.This round of financing was led by Future Ventures, an organization co-founded by early SpaceX investor and former board member Steve Jurvetson, which invested $78.5 million in this round.

Phoenix Technology reported on October 22 that the latest "Refused Operation Application List" from ByteDance's Doubao Mobile Assistant has increased from 151 to 166 applications, with 22 new applications added.The newly added applications cover categories such as travel and business travel, recruitment and workplace, tools and health, and entertainment, including Didi, Didi Enterprise Edition, Air China, Huazhu Club, Lantu Automobile, related apps from Autohome, 58 City, Zhilian Recruitment, Zhiwukong, Keep, Roborock, Tides, Hikvision, Hupu, Mango TV, WiFi Universal Key, Scan All-in-One, Himalaya, and WorkBuddy within the Tencent ecosystem.This adjustment merges financial-related applications under a unified name and will no longer list them separately. Unlike before, where third-party application authorization was required, Doubao Mobile Assistant has changed to directly restrict operations for financial applications, covering areas such as banking, trust services, payments, internet finance, and credit. When this list was first published last week, it included a total of 151 apps.

According to The Block, Morgan Stanley's Head of Digital Asset Strategy, Amy Oldenburg, stated that Morgan Stanley expects to start supporting tokenized stocks on its Alternative Trading System (ATS) in the first quarter of 2027, which is later than the previously announced plan for the second half of 2026."The first quarter may be more realistic, as it can align with other activities in the broader ecosystem, but the team is undoubtedly actively advancing the relevant construction work."

David Robinson, an executive from OpenAI's safety systems team, left last week. Robinson was previously responsible for OpenAI's policy planning and played a significant role in enhancing model transparency, including the development of system cards.This departure marks another personnel change in OpenAI's safety department, as safety lead Johannes Heidecke also left earlier this year. The company announced on Thursday that it parted ways with three researchers for violating sensitive information sharing policies.Amid the backdrop of security vulnerabilities at Hugging Face and a series of abnormal behaviors in AI models, CEO Sam Altman stated at the developer conference on Tuesday that safety and alignment work must stay ahead of the development of model capabilities. Before his departure, Robinson publicly expressed concerns, believing that while OpenAI is undergoing significant changes, there remains uncertainty about whether the pace of transformation is sufficient to address the challenges posed by high-performance AI models.

Aave founder Stani Kulechov expressed disappointment on the X platform regarding the responses from the European Central Bank (ECB) and the European Banking Authority (EBA) to the MiCA consultation. He stated that both institutions not only advocate for banning stablecoin payment yields but also propose restrictions on crypto asset service providers (CASP) offering users access to DeFi, including services involving non-MiCA authorized stablecoin yield protocols.Kulechov indicated that the relevant opinions also involve restricting DeFi services to specific user groups through "suitability tests" and potentially establishing a certification system for DeFi lending protocols. He believes that if regulators decide which protocols are suitable for European users, it could lead to more closed ecosystems, weakening the liquidity and network effects of open DeFi, and limiting opportunities for European users to participate in on-chain finance.

Delta Electronics will build an autonomous driving system based on NVIDIA (NVDA.O) Hyperion.

Michael Saylor published a long article titled "Prescriptions for Prosperity in the Digital Economy," stating that artificial intelligence will significantly enhance the productivity of individuals and businesses, thus necessitating a more free environment for creating, financing, owning, and trading assets. He suggests establishing a "Digital Bill of Rights" for digital assets, which centers on granting individuals and businesses the rights to create, issue, custody, transfer, and use digital assets, while providing fundamental protections in financial privacy, asset ownership, and market access.Saylor believes that digital intelligence will drive the birth of a large number of new enterprises, and financing costs, complexity, and time costs should be reduced, while improving capital formation efficiency through means such as digital tokens. He proposes a goal of enabling 10 million new enterprises to secure financing, while also establishing clear issuance rules and risk-matched disclosure requirements.Regarding the digital dollar, Saylor advocates for allowing banks, fintech companies, and technology platforms to compete more fully in the digital dollar product space and for issuers to compete around yields. He believes that the U.S. can further expand the global reach of the dollar by allowing companies to develop more competitive dollar digital products.For Bitcoin, Saylor defines it as "digital capital," advocating for allowing banks to custody Bitcoin under clear rules and use it as collateral for providing credit, while also establishing a viable path for insurance companies to incorporate digital capital into their balance sheets and product designs.He specifically mentions that the Basel Accord applies a 1250% risk weight to certain crypto asset exposures, arguing that regulators should reassess the relevant capital requirements based on the actual risks of digital assets and specific business activities.

According to Catcher Predict monitoring, in the market prediction event "Clemson vs. California" on Polymarket, the "Over" option in the sub-market "2Q O/U 19.5" experienced a sharp fluctuation in winning probability, soaring from 30% an hour ago to the current 49.5% (a fluctuation of 19.5%). Please note the impact of relevant breaking news.

According to Cointelegraph, the Internal Revenue Service (IRS) in the United States has stipulated that for transactions in 2025, brokers generally need to report the sales income from digital assets, but in most cases, they do not need to report the cost basis, and taxpayers still need to calculate their gains and losses themselves; starting from 2026, brokers will need to report the cost basis for eligible digital assets. The IRS also emphasized that even if a taxpayer does not receive a 1099-DA, they still must report income and gains and losses related to digital assets.During the first tax season applying the 1099-DA reporting rules for cryptocurrency assets in the United States, some investors are facing issues such as missing transaction data and difficulties in verifying cost basis. A survey conducted by Awaken Tax in August among 1,000 U.S. cryptocurrency investors showed that 21% of respondents who have filed or plan to file for an extension are still waiting for exchanges or cryptocurrency platforms to provide the necessary information; about 20% indicated that their 1099-DA form information is incomplete or are unsure whether it accurately reflects their trading situation.

On Wednesday local time, Anthropic announced that its model Claude identified a previously undescribed enzyme system in vast DNA sequence data, with a repetitive sequence arrangement similar to CRISPR. This is the first achievement of its newly established biological laboratory, which was formed this spring and is located in the San Francisco Bay Area. Following the announcement, shares of gene editing companies fell on Wednesday, with CRISPR Therapeutics down 5.54%, Beam Therapeutics down 6.02%, and Prime Medicine down 11.58%.The related task was to search for noteworthy reverse transcriptase systems from large DNA databases. During approximately 21 hours of searching, about 950 Claude agents used around 210 million tokens, with one agent noticing a repetitive DNA sequence arranged near a certain reverse transcriptase gene. The team named this combination the array-associated reverse transcriptase system, primarily found in bacteriophages, which includes reverse transcriptase genes, adjacent accompanying genes, and a set of repetitive DNA sequences. The reverse transcriptase itself has been studied before, and the new finding is that it forms a system together with surrounding non-coding DNA sequences and functionally unknown accompanying proteins.Anthropic stated that researchers still do not know the main function of this system and have not proven that it can perform targeted modifications to DNA like mature gene editing tools. Preliminary experiments found that these repetitive sequences can produce various short RNAs, but this does not equate to having programmable gene editing capabilities. The preprint paper disclosed that to verify whether the discovery could be repeated, the team ran the same search 10 more times;