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In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

During an interview at the White House on Thursday, U.S. President Trump disclosed details of a private conversation with Jensen Huang for the first time, stating that Huang had proactively called to discuss the recent scandal and the harm it caused to his family. Trump mentioned that Huang is currently experiencing "hellish torment," and what saddens him the most is that his wife and family have been hurt. Trump stated that Huang's achievements are incredible and believes he will ultimately be able to stand up again.According to a previous report by The New York Times, Trump had called Huang before his resignation, urging him to fight to keep his CEO position, but Huang ultimately chose to resign. In addition, Trump also named former Apple CEO Tim Cook on social media, stating that he is the only suitable candidate to succeed Huang, describing the idea as "legend replacing legend." Cook stepped down as Apple CEO in September this year and currently serves as the company's executive chairman.

DeFi Technologies, a digital asset financial services company (NASDAQ: DEFT), announced its Q3 2026 financial report on November 12, with quarterly revenue of $18.3 million, a decrease of approximately 18% compared to $22.3 million in the same period last year; operating profit was $7 million, and net profit reached $22.3 million, with significant contributions to profit from trading gains and investment revaluation.Its subsidiary, Valour, a digital asset investment product issuer, achieved a net inflow of $26.1 million in Q3, with total management fees, staking, and lending income of $3.8 million. As of the end of September, Valour's assets under management reached $643.7 million, an increase of approximately 62% compared to the end of Q2. The company held approximately $159 million in cash, digital assets, and other investments as of the end of September, with digital asset reserves valued at approximately $48.2 million.

According to on-chain analyst Ai Yi's monitoring, the recent crash over the past two days has narrowed Sun Yuchen's PEPE floating profit to 5.048 million dollars, which once soared to 18.55 million dollars.Since October 17, Sun Yuchen has withdrawn a total of 11.8 trillion PEPE from the exchange, worth 48.76 million dollars, with a cost of 0.000004114 dollars. Before November 11, the price of PEPE remained relatively strong, and after Sun Yuchen's withdrawal, it reached a maximum increase of 38%. Although it has since retreated, it is still in a profitable state.

According to official news, Frax Finance announced the launch of the FRAX burn engine, which will use protocol revenue for programmatic buybacks and the destruction of FRAX. According to its third-quarter report, the revenue generated from frxETH will flow into this engine in the fourth quarter.The total locked value of frxETH is currently 120 million dollars, and from the ETH staking revenue it generates, Frax retains 8% as a protocol fee, 100% of which will be used to purchase FRAX on the open market and destroy it.

Cryptocurrency exchange Gemini announced its third-quarter financial report, with total revenue for the quarter at $40.9 million, a year-over-year decrease of 19% and a quarter-over-quarter decrease of 10%, compared to $50.6 million in the same period last year. The net loss narrowed to $58.6 million, down from nearly $160 million in the same period last year and $107.7 million in the second quarter. After the financial report was released, Gemini Space Station Inc. (GEMI) saw its stock price rise 6.5% in after-hours trading to $2.79, but the cumulative decline for the year remains around 75%.The trading business is under significant pressure. Affected by the drop in trading volume from $16.4 billion in the same period last year to $4.5 billion, exchange business revenue fell 47% to $13.4 million, although trading volume increased by 18% quarter-over-quarter. Revenue from credit card operations decreased by 4% quarter-over-quarter to $15.5 million, while platform assets grew from $8.4 billion in the second quarter to $13.4 billion. Operating expenses decreased by 30% year-over-year to approximately $120 million. CEO Tyler Winklevoss stated that operating expenses have decreased for the third consecutive quarter, maintaining spending discipline while investing in growth.Forecasting market operations became a highlight, contributing $800,000 in revenue for the quarter, a quarter-over-quarter increase of 52%. The company is pushing to open its exchange and clearinghouse to brokers wishing to offer event contracts and signed a letter of intent with Apex Fintech Solutions in August to provide cryptocurrency event contracts, although this deal has not yet been finalized. President Cameron Winklevoss stated that Gemini 2 bets on platforms that can sustain themselves long-term will control the underlying regulated infrastructure.

Cisco (CSCO.O) raised its revenue and adjusted EPS guidance for fiscal year 2027, and increased its revenue expectation from hyperscale cloud service providers for AI infrastructure in fiscal year 2027 to $9 billion.

NVIDIA's board of directors announced today that co-founder Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Director, effective immediately. The company's current Executive Vice President and Chief Financial Officer Colette Kress will serve as interim CEO while continuing to manage the company as CFO. The board has initiated the selection process for a new CEO, considering both internal and external candidates.The 58-year-old Kress joined NVIDIA in September 2013 and has been with the company for over 13 years, being one of the core management members who accompanied NVIDIA's growth from a graphics chip manufacturer to a global AI chip giant. During her tenure, NVIDIA's annual revenue grew from approximately $4.1 billion in fiscal year 2013 to $21.59 billion in fiscal year 2026.Before joining NVIDIA, Kress worked at Cisco for 3 years and spent 13 years at Microsoft, where she served as the financial leader of the Server and Tools division, and also worked at Texas Instruments for 8 years. She has long been responsible for NVIDIA's financial strategy, capital allocation, performance disclosure, and investor relations, serving as an important representative for the company in communications with Wall Street, and has participated in the company's quarterly earnings call multiple times.

Blockchain asset tokenization platform Figure Technology Solutions released its Q3 2026 financial report, with net revenue of $287 million, a year-on-year increase of 84%. Adjusted net revenue was $283 million, up 83% compared to Q3 2025. Net profit was $89.32 million, with a net profit margin of 31%, a decrease of 26 percentage points year-on-year.Adjusted EBITDA increased by 91% year-on-year to $164 million; total loan market transaction volume surged 135% year-on-year to $5.8 billion; as of September 30, 2026, the company's cash and cash equivalents reached $1.59 billion, with total digital asset holdings of $100 million, and the circulation of YLDS increased from $328 million at the end of last year to $504 million.

Hyperliquid Research Collective released the Hyperliquid Q3 2026 report, which was compiled by Four Pillars and GLC Research. The third-quarter agreement revenue increased by 21.7% compared to the second quarter, reaching $190.9 million. Hyperliquid began earning USDC reserve revenue sharing on August 27, and within a month, this revenue amounted to $17.3 million, accounting for about half of the revenue increase this quarter. The Assistance Fund spent $149 million in the third quarter to purchase HYPE.The average daily users of Hyperliquid reached 65,161 traders, setting a quarterly record. In HIP-3, the trading volume of stocks surpassed that of commodities. On August 19, U.S. President Trump expressed to technology and cryptocurrency industry executives at the White House that the Commodity Futures Trading Commission is pushing to bring Hyperliquid to the U.S. Less than a month later, Kraken's parent company proposed to establish a U.S. derivatives trading venue on Hyperliquid, with Bitnomial serving as the operator. As of the end of the quarter, the proposal is still awaiting regulatory approval. Sunny Shi from Syncracy Capital advocated for buybacks in the preface and expects that the independent team built on Hyperliquid will drive further growth.

According to the RootData Launchpad rankings, Four.Meme's revenue in the past 7 days was $54,000, an increase of 169.93% compared to the previous 7 days. During the same period, the DEX trading volume was $5.3011 million, a month-on-month increase of 170.61%.

According to a report by Zhitong Finance, market research firm Omdia's latest "AI Software Market Forecast" indicates that global AI software revenue will exceed 200 billion USD by 2026, doubling in scale compared to 2024.Omdia pointed out that the demand for generative AI and agent AI is accelerating simultaneously, with generative AI revenue growth expected to reach 139% by 2026, significantly higher than previously anticipated.

Bitcoin mining machine manufacturer Canaan has launched a $20 million stock repurchase plan, which is part of the $100 million repurchase authorization approved by the board on November 6, with a duration of 12 months. Management stated that they will actively promote the repurchase once the funds are in place and may adjust the purchase arrangements based on operational and financing needs. As of Wednesday's close, Canaan's stock price has fallen about 75% this year. CEO Zhang Nengeng stated that while maintaining a long-term digital asset reserve, the company is selectively liquidating cryptocurrency holdings to fund the stock repurchase.Canaan's revenue from mining machines in the third quarter was $4.8 million, a 96% decrease from $118.6 million in the same period last year, which the company attributed to weakened demand and declining prices. During the same period, self-mining revenue was $9.5 million, nearly double that of mining machine revenue. The company recorded a profit of $8 million for the quarter, but an operating loss of $42.9 million, with profits mainly coming from the revaluation gains of cryptocurrencies and financial derivatives. Previous disclosures indicated that the company had sold 3,952 ETH and 54.5 BTC for approximately $13.9 million and used $5.4 million in late August to repurchase 13.6 million American depositary shares.As of September 30, Canaan held 1,875.5 BTC, of which 1,258 BTC were pledged for loans, 100 BTC were placed in fixed-term products, and the remaining 517.5 BTC were directly recorded as cryptocurrency assets, valued at $43.7 million at the end of the quarter. The company's total cash and restricted cash amounted to $72.8 million, of which $50 million was used to support letters of credit for infrastructure commitments, leaving approximately $22.8 million outside the restricted balance. Management stated that the current stock price does not adequately reflect the company's business and growth prospects.

According to Crypto Briefing, Aave founder Stani Kulechov stated at the DAS London conference that DeFi lending protocols need to introduce a "circuit breaker" mechanism, as the consequences of oracle failures could take years to resolve.He pointed out that the over-reliance on immutable code systems lacks contingency plans. When oracle data deviates, the protocol may trigger liquidations based on incorrect prices, and the immutable nature can lead to irreparable failures. The circuit breaker mechanism draws from traditional markets' practice of halting trading during extreme conditions, allowing protocols to pause operations until the issue is identified.

ElizaOS founder Shaw stated that he previously referred to the code published in the GitHub repository lalalune/pumpfun-source as open source, but that statement is inaccurate. The relevant code does not belong to him, and he has never had the right to publish, license this code, or authorize anyone to use it. The "Copyright (c) 2026 Shaw" and similar licenses in the repository are not genuine licenses and do not grant anyone related rights. Shaw stated that his previous remarks or these licenses should not be regarded as permission to use, copy, fork, modify, develop based on, or distribute the code, nor should anyone distribute or attempt to reverse engineer the pump.fun code, as the relevant code is protected by copyright.

AMD disclosed server processor and die interconnect layout at the In Depth technology forum. Venice uses TSMC's N2 process and CoWoS-L advanced packaging, and introduces elevated fan-out bridge (EFB). The subsequent Verano will adopt the N2P process. AMD's server architecture head Mahesh Subramony stated that as the number of computing cores increases, more data needs to be transmitted between dies, and EFB reduces power consumption and latency through short-distance interconnects. AMD expects the data center CPU market size to grow from approximately $26 billion in 2025 to about $220 billion in 2030, with a compound annual growth rate of over 50%.In terms of packaging collaboration, ASE and SPIL are involved in the development and validation of wafer-level 2.5D bridge interconnects, and AMD has completed panel-level EFB interconnect validation with Powertech. AMD announced in May 2026 that it will invest over $10 billion in the Taiwanese industrial ecosystem to expand strategic cooperation and advanced packaging capabilities. Regarding product progress, the Venice SP7 platform has been shipped, with the SP8 aimed at the enterprise market expected to be supplied in the first half of 2027, and Verano and Venice-X scheduled for release in the second half of the same year, with related server processor products targeted for mass production in 2027.

According to The Block, Nasdaq-listed Solana Company (stock ticker: HSDT) reported third-quarter revenue of 3.4 million USD, an increase from 700,000 USD in the same period last year. The quarterly revenue was primarily driven by its staking income from the SOL it holds.As of September 30, the company held approximately 2.4 million SOL, with a fair value of about 288.2 million USD.

Layer 2 network Katana plans to launch a buyback mechanism supported by protocol revenue for KAT stakers. The network will eliminate the emission voting mechanism on November 17 and shorten the unstaking cooldown period.The buyback will be initiated separately, and full on-chain automation will be achieved subsequently.