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IBM announced the next-generation superconducting quantum processor IBM Quantum Nighthawk r3, designed to accurately perform 10,000 quantum operations on 520 programmable qubits. This processor contains 2,034 physical qubits, continuing the square lattice connectivity and fast operation architecture of Nighthawk r2, and adds 10 inter-chip connections called l-couplers. IBM plans to connect two Nighthawk r3 processors into a single 1,040 qubit system by 2027.The currently deployed Nighthawk r2 is equipped with 120 programmable qubits, 218 couplers, and 120 reset elements, capable of executing over 100,000 circuits per second, with a throughput approximately 25 times that of Heron, and a maximum speed increase of 19 times for partner workloads, with E.ON reporting a 15 times increase. IBM previously connected two Nighthawk r1 processors using 4 l-couplers, achieving a quantum state transfer fidelity of up to 99.3%, averaging 99%; the two connected cryogenic modules cooled down to below 15 milli-Kelvin within 5 days.

The Financial Services Commission of South Korea plans to allow cryptocurrency exchanges to proactively suspend deposits and withdrawals under certain conditions when they are suspected of being attacked by hackers, and requires strengthening security monitoring.

According to CoinDesk, Ripple's XRP Ledger lending system designed for banks and payment companies has gained support from 3 additional validators since mid-October, bringing the total votes to 22, still 7 votes short of the 29 required to launch. Both the system and its accompanying SingleAssetVault amendment need to obtain 29 votes each within two consecutive weeks to activate.As of Wednesday's data, "LendingProtocol" and its first patch each have 22 votes in support, while the "SingleAssetVault" for creating a funding pool has 23 votes. The design requires depositors to deposit XRP or other tokens into the vault, which loan brokers lend out for a fixed term, with borrowers not needing to provide collateral; the system relies on off-chain underwriting and risk management. Additionally, developers are still advancing related work before the voting, with a code merge request planned for November 4 to add a third lending amendment.

Dunamu's Vice Chairman Kim Hyung-nyun stated at the Seoul Digital Asset Policy Conference that the stock tokens of South Korea's representative companies, Samsung Electronics and SK Hynix, can only be traded overseas. This situation is distressing. He also officially announced that Dunamu has completed the technical preparations for stock tokenization, and relevant services can be launched at any time once the regulatory system allows.In addition, the conference also discussed the legislative process of the "Basic Law on Digital Assets." South Korea's Democratic Party member Min Byung-deok advocated that the bill should be passed in the current regular National Assembly, no later than January 18 of next year. South Korea's People Power Party member Park Soo-min stated that legislation should not be rushed and called for a comprehensive allowance for institutions and legal entities to invest in crypto assets.

Ethereum developer Marchhill submitted the draft EIP-8437, proposing to propagate proof wrapper data through the eth/73 protocol and introducing an optional mode that allows transactions to submit raw signatures to the aggregator without pre-generating STARK proofs.This proposal supports the direct propagation of certified packages with transactions and performs independent checks of specified programs in resource-constrained sandboxes to verify witness data. The new program does not require the development of native adapters for each signature scheme separately. Additionally, the proposal plans to limit the batch queue size, clean up expired transactions, and recheck records before formally generating proofs to support failure retries.Currently, the proposal is still in the Draft stage and has not yet been merged. The developer pointed out that VM and key binding consistency verification, cryptographic verification, and performance testing are still incomplete, and benchmarking has not yet been conducted.

According to Onchain Lens monitoring, a certain whale has accumulated and withdrawn 678.4 ZEC from Binance, worth approximately 667,800 USD.

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.

Tianfeng International Securities analyst Ming-Chi Kuo stated that Jensen Huang's importance to NVIDIA lies in his ability to transform technologies deemed feasible by engineers into products that the company must invest resources in, take risks on, and deliver. He believes this provides the supply chain with strong order visibility and a willingness to cooperate with aggressive specification upgrades; this move will also force competitors to follow suit, thereby driving technological upgrades and supply chain investments across the entire AI industry.Kuo mentioned that compared to providing order visibility to the supply chain, deciding on and implementing aggressive specification upgrades is more challenging. Jensen Huang does not need to be the person within NVIDIA who understands new technologies such as HVDC, CPO/NPO, or CCL/PTFE the best; his value lies in weighing strategy, organization, technology, and supply chain simultaneously, and making decisions and allocating resources quickly. He indicated that based on the information currently available, it is difficult for Jensen Huang to step back completely; if so, the actual approach may be to gradually reduce NVIDIA's reliance on Huang's personal decisions while preparing a succession plan. Two things worth observing in this process are whether NVIDIA can continue to develop new products and technologies as efficiently as before, and how competitors will respond. He stated that supply chain research will be an important basis for judging the direction of AI technology and investment.

The independent Solana validator alliance Layer33 responded to the adjustments of the Solana Foundation Delegation Program (SFDP) rules. The alliance is composed of independent validators, aiming to push for independent operators to collectively hold at least 33% of the network's stake. Layer33 stated that it acknowledges the foundation's remarks that the network scale has exceeded the initial launch plan, the validator pool has matured, and it faces challenges that were not envisioned in the early stages, believing that the delegation mechanism should evolve accordingly. The organization indicated that the new rules replace long-term contributors with short-term participants for a duration of 12 months.Layer33 mentioned that the foundation, in subsequent statements, indicated that participants from the Alpenglow community cluster provided crucial assistance and should receive direct rewards; part of the related adjustments is to make such rewards possible. The organization stated that the SFDP currently holds over 10 million SOL in remaining delegation, and providing substantial rewards to cluster participants does not require dismantling the existing plan; the foundation expressed that the intended recipients of the rewards are precisely the group prioritized for exit. Layer33 also noted that validators remaining in the program will see their SFDP delegation decrease from approximately 85,000 SOL to 55,000 SOL, reducing by about 30,000 to 35,000 SOL; some operators have already shut down nodes and canceled their Breakpoint schedules.Layer33 stated that it does not demand the foundation to change direction but rather to advance in the correct order and update the requests made in the previous open letter: to suspend weekly exit batches until communication regarding not abandoning contributors improves; to supplement details on rewards for Alpenglow community cluster participants; to disclose the analysis behind the 300,000 SOL external staking graduation line, the cap of 100 validators, the 12-month term, and the 55,000 SOL delegation scale; to publish an impact assessment on the current validator pool, including how about 75% of members are identified as non-contributors; to conduct formal consultations with existing SFDP members with processes and timelines; to disclose contribution-based delegation standards and application processes, running parallel with discretionary delegation; and to explain why the program places more emphasis on new validators rather than contributors who have operated and improved the Solana network for many years.

According to OnchainLens monitoring, trader AguilaTrades holds a short position in BTC worth approximately 19.91 million dollars on Hyperliquid, using 40x leverage, with a liquidation price about 0.44% away.The accompanying image shows that the position is approximately 268.453 BTC, with a liquidation price of 74,501.6 dollars; its most recent liquidation loss was about 50,900 dollars, and the account's cumulative profit and loss is a loss of approximately 39.09 million dollars.

NVIDIA shareholders are filing a securities class action lawsuit against NVIDIA and its founder Jensen Huang, accusing them of misconduct that misled a large number of investors. This case stems from Jensen Huang's recent admission of an extramarital affair on the company's website. U.S. President Donald Trump continues to support Jensen Huang. On November 9, local time, Trump publicly backed Huang at a White House press conference, stating, "I believe him (Jensen Huang)."In response, the attorney for the securities class action lawsuit, Laurence Rosen, stated that Trump's claim that Huang was unaware and NVIDIA's board's assertion that national security was not compromised, even if true, cannot determine the outcome of the case.The issue in this lawsuit is whether the statements made on October 9, 2025, were misleading, and existing facts support this conclusion. Currently, the lawsuit is only against NVIDIA and Jensen Huang. Rosen indicated that it has not yet been determined whether other defendants, including members of the NVIDIA board, will be added.

According to the Beijing Daily, on November 11, Foreign Ministry spokesperson Guo Jia Kun hosted a regular press conference. A Reuters reporter asked about the recent allegations involving Nvidia CEO Jensen Huang, noting that U.S. lawmakers on Tuesday again called for tightening restrictions on China's access to advanced artificial intelligence chips. Guo Jia Kun responded, "China's position on the issue of U.S. chip exports to China has been consistent."Previously, on November 8, Jensen Huang sent a letter to employees acknowledging personal matters, which were later implicated in a spy scandal. Both parties in the U.S. Congress used this opportunity to push for export restrictions on AI chips to China, with reports indicating that Republicans and Democrats are urgently promoting three related bills.

The Huawei Kirin 9050 series chips are equipped with a new generation Da Vinci architecture NPU, supporting 30B large models to run on the device side without the need for internet connection or cloud invocation. This NPU has a performance improvement of 140% and a power consumption reduction of 66%, supporting the Transformer engine, ultra-low power perception engine, and CANN heterogeneous computing architecture.The Kirin 9050 series is the first τ chip to adopt "logical folding" technology, with its NPU supporting the industry's first 30B MoE large model on-device, and supporting multi-level storage-computation collaborative optimization and low-bit quantization. Related features include AI screen reading, Xmage Smart Capture 2.0, AI eye movement page turning, and screen-off map 2.0. Xu Songyu, the head of Huawei's semiconductor business wireless terminal chip product management department, previously stated that Huawei aims to achieve a P core frequency breakthrough of 5GHz by 2031.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has about 71.02 sell orders at the $75,000 level, nominally about $5.3263 million, which is an increase of about 1.79% from the mid-price of approximately $73,680 at that time. The total buy orders on the near-end market amount to about $23.0347 million, while sell orders are about $30.6435 million.Currently, Coinbase's spot sell orders are net long by about $7.6088 million, accounting for 14.17% of the total depth. This sell order is the most prominent resistance at the near-end; if large buy orders appear, it may put pressure on the current price.

MiniMax officially released H3-Image and open-sourced the model weights. This model can directly generate images of 4096×4096, approximately 16.8 million pixels, without additional upscaling. According to official data, the generation time is less than 10 seconds, with speeds reaching up to 5 times that of mainstream products. Text-to-image and image editing have been integrated into the same model, supporting up to 16 reference images.H3-Image follows the architecture of the H3 video model, removing the audio component while retaining the original text encoder and redesigning the decoder for images. The core image generation network has 33.1 billion parameters, requiring only 6 sampling steps to generate an image. On August 7, MiniMax researcher Kiro revealed in a Reddit AMA that the team is developing a dedicated image model based on the H3 homogenous architecture and plans to open-source the weights. They also proposed a workflow where the image model generates the first frame, which is then handed over to H3 for video generation.On November 3, Pruna AI launched P-H3-Image based on the open-source H3 video model, supporting raw images and retouching, compressing the generation network from 33.1 billion to approximately 20 billion parameters, requiring only 8 sampling steps. The minimal quantization version is about 20 GB, with peak memory usage of approximately 21 GB when generating 8 million pixel images. The official MiniMax version retains the 33.1 billion parameter generation network, with a sampling step count of 6, and supports higher resolutions and more reference images, with the original weights plus the reused text encoder totaling approximately 135 GB. There are regional restrictions on the open-source license; the United States, United Kingdom, European Union, and South Korea are not within the community license authorization regions. Companies with annual revenues exceeding 1 million dollars or those providing model hosting services to third parties must obtain separate authorization in advance.

According to Cointelegraph, Brazilian cryptocurrency exchange Mercado Bitcoin announced that it plans to resume deposits and withdrawals in Brazilian Reais through Brazil's instant payment system Pix starting next week. This comes more than two weeks after the exchange's hot wallet was attacked, resulting in a loss of approximately 49 million dollars.Users can only withdraw to accounts under their own names, and the settlement earnings from fixed income products will also be credited. Cryptocurrency deposits and withdrawals are still suspended, and the exchange has not announced a specific date for resumption.

A South Korean trader @solyfw34 accused the cryptocurrency trading platform LBank of restricting account withdrawals and trading after he profited from contract trading, resulting in some positions being unable to be manually closed and ultimately being forcibly liquidated. Currently, approximately 1 million USDT remains inaccessible. The user stated that LBank did not provide specific evidence of abnormal trading.On November 10, LBank responded that it would not restrict accounts solely due to user profits, and that the relevant accounts were suspected of violating internal rules. The user's invested principal has been fully withdrawn, and the restricted funds have been identified as related to abnormal trading. LBank has hired a South Korean law firm and stated that it will take legal action against false and defamatory statements. On-chain investigator ZachXBT criticized LBank as an offshore low-quality centralized exchange and questioned several KOLs for using highly similar rhetoric to defend the platform.

Texas State Representative Ron Reynolds submitted HB 815, a bill that allows each city and county in the state to invest up to 10 million dollars of public funds in Bitcoin or other cryptocurrencies. The bill was submitted on the first day of the pre-filing period for the 90th Texas Legislature and will amend the Public Funds Investment Act by adding Section 2256.0165 "Authorized Investment: Cryptocurrency." If it becomes law, this authorization will take effect on September 1, 2027.The 10 million dollars is a cap for each city or county, not a statewide pooled fund, and school districts and other local governments subject to the investment law are not included. The bill adopts the definition of Bitcoin and cryptocurrency from last year's SB 21, which established the Texas Strategic Bitcoin Reserve, so cities or counties are not limited to Bitcoin. The bill does not introduce a requirement for the purchased tokens to have an average market value of at least 50 billion dollars over the past 24 months, nor does it include provisions for cold storage and qualified custodians, and it does not specify regulations for custody, digital asset audits, or loss handling.This bill is a narrowed version of last year's proposal. Reynolds previously submitted HB 4258 with Mihaela Plesa on March 10, 2025, allowing the state auditor to invest up to 250 million dollars from the Economic Stabilization Fund in Bitcoin or cryptocurrencies, and set the same 10 million dollar cap for cities and counties, but it did not become law. Texas's own reserve was established separately through SB 21, signed by Governor Greg Abbott in June 2025. The Texas State Auditor's Office purchased 5 million dollars of BlackRock iShares Bitcoin Trust on November 20, 2025, as a transition, and the second purchase brought the reserve's IBIT exposure to about 10 million dollars. The regular session of the 90th Legislature will convene on January 12, 2027, and the bill has not yet been submitted to committee.