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Alibaba internal testing AI film creation platform Looogen supports local Agent and dual-mode operation

According to "Du Jia," Alibaba is conducting internal testing of the AI film and television creation platform "Looogen," with the slogan "Logical, Self-Produced." This product is positioned as a local agent for short drama and video production, capable of completing script breakdowns, shot design, character and scene material generation, voiceover and music production, and final editing through dialogue, while managing multi-episode material packages and on-set assets, supporting white model rehearsals and video expansion.Looogen offers a desktop client and local operation, supporting Windows and macOS (Intel/Apple dual chips), and provides the capability for private deployment and access to proprietary model channels. All creative sessions, generated materials, and final products are stored on local devices, forming a local closed loop in terms of data and copyright.The product offers two switchable operational modes: the film and television agent dialogue mode, driven by natural language commands for AI to automatically complete the entire process; and the film and television suite workstation mode, where creators can manually enter independent process modules for refined control. The internal test version is equipped with multiple models including Seedance 2.0, supporting three video ratios of 21:9, 16:9, and 9:16, as well as resolutions from 480P to 1080P. The product is still in the internal testing phase, and features and pricing may be adjusted, subject to official information.

first_img CoinEx founder Yang Haipo: The theft at Binance exposed three issues that could have been avoided, including the incomplete isolation of its development and operation environment

ViaBTC mining pool and CoinEx trading platform founder and CEO Yang Haipo posted on X, commenting on the Binance security incident. He stated that the incident exposed at least three avoidable mistakes, which do not require complex technology; what is lacking is discipline.Yang Haipo pointed out that first, the development and operation environments were not completely isolated. Personnel with production environment permissions should use dedicated devices and not install third-party software; coding, chatting, and web browsing should be done on another device. Second, the operation and maintenance system lacked effective dual verification. A single key could operate production services, and once the key was leaked, attackers could gain full production access. He believes that production operations could be conducted in a manner similar to AWS browser-based Session Manager, using hardware security keys as a second factor to prevent a single credential leak from constituting a breach. Third, MPC multi-signature is merely nominal; the signers did not perform substantial independent verification of the transactions. Compromising one node could render the entire mechanism ineffective, resulting in the same effect as a single signature. Multi-signature is only effective when the signers do not trust each other, independently verify the transaction itself, rather than trusting upstream requests.On November 3, Binance released preliminary investigation results regarding the security incident on October 29. Binance stated that approximately $6.34 billion in digital assets were affected, and as of the update, about $2.85 billion had been frozen or intercepted, with 98% of the affected tokens having been replenished. The report indicated that attackers gained unauthorized access to the internal wallet signature service and exploited Ethereum EIP-7702 to authorize the hot wallet; due to the hot wallet using multi-party computation, it could not immediately revoke the relevant authorization with a single private key. Binance cited information from the FBI stating that North Korea is responsible for this incident.

Kraken froze accounts related to $133 million suspected stolen funds involving a certain European institution and is cooperating with law enforcement agencies in the investigation

According to Cointelegraph, Kraken has restricted accounts related to a suspected theft of over $133 million in cryptocurrency assets involving an unnamed institution in Europe, and is cooperating with law enforcement to recover the funds. Kraken stated that this incident did not originate from its platform, its security systems were not breached, and customer accounts were not compromised.Previously, on-chain investigator ZachXBT discovered that the suspected stolen amount increased by an additional $27 million from the previously disclosed $106 million. Bitquery data shows that approximately $62.98 million in stablecoins was exchanged for 27,553 ETH within about 4 hours. Kraken, Crypto.com, and OKX have all been reported to be involved in the related fund flows, with Crypto.com taking measures to prevent the related funds from being transferred through its platform, while OKX stated that it is investigating.As of the reporting time, approximately $78.3 million remains in wallets associated with the attackers, while about $30.5 million has been transferred out. The identity of the victims and ZachXBT's speculation about a large financial institution in Western Europe being attacked and attempting to cover up the incident have not been confirmed.

first_img Consensys launched a sovereign network interoperability technology stack at Devcon

On November 2, the agreement with the institutional infrastructure company Consensys announced the launch of Sovereign Network Interoperability in Mumbai, India at Devcon, aimed at routing and coordinating transactions between independently operated institutional ledgers. This product is targeted at banks, custodians, asset managers, and financial market infrastructure, covering routing, execution coordination, and transaction tracking. Institutions can specify transaction counterparts, approved counterparties, and settlement requirements, with the product selecting eligible paths and tracking to completion.The technology stack supports four types of institutional processes: collateral allocation, connecting assets with collateral platforms, submitting eligible collateral to clearinghouses or other approved counterparties; securities settlement, coordinating the delivery of tokenized securities on one ledger against payment on another ledger through payment versus payment; wholesale and cross-currency payments, connecting bank currency ledgers to coordinate foreign exchange transactions under agreed payment versus payment conditions; fund and asset services, connecting funds with banking platforms, allowing corporate treasurers to transfer idle cash into tokenized money market funds and back at any time, and settling fund shares in tokenized deposits in a single step.No-bridge interoperability is its core design principle, keeping assets on their native ledgers, with cross-ledger state and execution verified through cryptography, eliminating the need for additional trusted intermediaries. The core protocol is Consensys's cross-ledger interoperability protocol CLIP, which plans to support Ethereum economic zone standards, cross-chain communication protocol IBC, and other protocols, while also planning to connect Canton with Ethereum-compatible networks. Currently, EVM-based chains are supported, with Canton to be integrated later. Institutions can operate independently, operate through financial market infrastructure, or choose Consensys's custody services. Consensys President David Cunningham stated that institutions need to reach counterparties without sacrificing privacy and while maintaining control over their own infrastructure.

OpenAI signed multiple AI cooperation agreements with Abu Dhabi

According to reports from the Abu Dhabi Media Office and CNBC, OpenAI CEO Sam Altman met with Abu Dhabi Crown Prince and Chairman of the Executive Council Sheikh Khaled and witnessed the signing of multiple cooperation agreements with Abu Dhabi, covering areas such as energy, investment, and government.In the energy sector, Abu Dhabi National Oil Company ADNOC, G42's Inception42, and OpenAI reached an agreement to deploy OpenAI's cutting-edge models in ADNOC's operations, making it the first company in the energy industry to implement this technology; the related capabilities are based on the GPT model and utilize inference infrastructure within the UAE. In terms of investment, the sovereign investment fund Mubadala, Inception42, and OpenAI agreed to use advanced AI for investment analysis, opportunity identification, and risk assessment.On the government side, the Abu Dhabi government and OpenAI launched the "Machine-Readable Government" initiative, converting some policies and regulations into machine-readable formats to assist with routine assessments such as licensing and compliance, while final decision-making remains the responsibility of government officials.Additionally, according to a press release, Inception42 and OpenAI also signed a five-year agreement to promote cutting-edge AI in the UAE's government, business, and education sectors. CNBC reported that OpenAI is seeking to raise up to approximately $20 billion in a new round of financing, led jointly by UAE investors.

first_img He Yi: After ensuring environmental safety, users can withdraw funds and resume operations

Binance Co-CEO and co-founder He Yi posted on X, stating that the current top priority is to ensure the safety of the environment, after which users can withdraw funds, and Binance can resume operations. She mentioned that every action has motives and pointed out that some exchanges, P2P platforms, and commercial banks have opaque ledgers, disappearing with funds after shutting down their websites, with companies going into liquidation or bankruptcy, providing any excuse, leaving no way to know how much actual funds are in the accounts and where the funds have gone.He Yi also stated that such closures often come without any warning, with the relevant parties disappearing directly, no real operations taking place, and no one coming forward to explain what happened, making it impossible to open withdrawals. She thanked users for their support at the end of her message. Binance had previously suspended withdrawals due to a security incident, and the official announcement on November 1 stated that withdrawals would be gradually restored starting from 06:00 (UTC) that day, and by 12:36 (UTC), withdrawals for the first batch of 15 networks and corresponding assets had been restored.Binance stated that from 06:00 to 15:30 (UTC) that day, the platform processed $4.649 billion in withdrawals and $1.01 billion in deposits, with a net outflow of approximately $3.64 billion, accounting for about 2.1% of the $171 billion asset management scale indicated by the reserve proof as of October 28. The official also noted that the withdrawal volume had peaked initially but has since declined and stabilized, while the deposit volume remains substantial, and the other networks and assets are still undergoing continuous testing, with further details to be announced in subsequent phases.

Strategy Q3 operating profit reached a historical high, Next Technology Holding plans to liquidate over 5,800 BTC

According to BBX data, last weekend, leading global digital asset companies and institutions listed on the US and Australian stock markets disclosed the latest developments regarding financial performance, treasury sell-offs, and executive changes. The core information is as follows:Strategy (NASDAQ: $MSTR) Q3 net profit soared to a record $19.5 billion, CFO to step down at the end of the year: Nasdaq-listed Bitcoin treasury giant Strategy reported its Q3 2026 financial results, achieving an operating profit of $20.91 billion, setting a new historical high for the company. The net profit for the third quarter reached $19.53 billion (diluted earnings per share of $44.75), compared to a net profit of only $2.79 billion in the same period last year. Its Q3 digital asset earnings contributed $20.91 billion. As of October 25, the company's balance sheet held 848,517 BTC, with a year-to-date increase of 26% (having accumulated purchases of BTC worth $14.33 billion and repurchased $2.04 billion in STRC preferred stock). Additionally, the company announced executive personnel changes, with current CFO Andrew Kang stepping down on November 5 and transitioning to an advisory role until December 31, while Executive Vice President of Operations Reza Virasteh will officially take over as CFO on January 1, 2027.Next Technology Holding authorized the complete liquidation or mortgage of approximately 5,833 BTC, cashing out nearly $450 million: Nasdaq-listed software company Next Technology Holding (NXTT) officially announced that its board of directors has authorized the phased sale or mortgage of approximately 5,833 Bitcoins (equivalent to about $449 million at current market prices). The reasons given for the liquidation include the recent "Binance attack incident, exchange security vulnerabilities, and the potential threat of quantum computing to Bitcoin's underlying cryptography," emphasizing that the company's Bitcoin is not stored within the Binance system. CEO Weihong Liu will have full discretion over the specific timing, price, and scale of the transactions. It is reported that most of the company's Bitcoin comes from a low-priced acquisition in March 2025 (when 5,000 BTC were acquired for a total consideration of $158.1 million in shares, warrants, and cash, with an average price of about $31,600), currently showing significant unrealized gains.Coinbase (NASDAQ: $COIN) Q3 adjusted EBITDA increased by 60% quarter-over-quarter, USDC balance reached a record high of $22 billion: Leading US cryptocurrency exchange Coinbase released its Q3 2026 financial report. The data shows that Q3 net profit was $719 million, adjusted net profit was $77.7 million, and adjusted EBITDA reached $332.9 million, achieving a strong quarter-over-quarter growth of 60%. On the platform product side, the average USDC balance reached $22 billion (a year-over-year increase of 49%), marking a historical high for the 14th consecutive quarter. Subscription and service revenue accounted for 49% of the company's total net revenue for the quarter, and the cumulative trading volume of tokenized stocks based on the Base network has successfully surpassed $1 billion since its launch.DigitalX disclosed its September quarterly report, continuing to sell BTC and repurchase shares: Australian-listed crypto asset management company DigitalX (ASX: DCC) released its third-quarter report. As of September 30, the company's total cash, digital assets, and investments reached AUD 60.7 million. Cash and cash equivalents increased to AUD 32.3 million, mainly due to cashing out 80 Bitcoins and other digital assets in July; its Bitcoin strategic treasury holdings are approximately AUD 26.5 million. During the quarter, the company completed an on-market buyback of 120 million shares, returning AUD 3.1 million to shareholders, and plans to seek approval for another buyback of 120 million shares at the shareholder meeting on November 26. Entering the fourth quarter, the company sold approximately 30 Bitcoins again on October 16 at an average price of about $82,000.

Binance is in discussions with Malaysian regulatory authorities about obtaining a license to operate, seeking to return to the local market

According to Bloomberg, Binance stated that it is discussing the feasibility and structure of a licensed business model with Malaysian regulators, seeking to formally return to the local market. A spokesperson said that they have been in communication with the Malaysian Securities Commission and the central bank for the past 10 months but did not disclose the specific type of license they intend to apply for.In July 2021, the Malaysian Securities Commission determined that Binance was operating a digital asset trading platform illegally and required it to cease local operations and marketing activities. The agency had removed Binance from the investor warning list in 2024 but has placed it back on the list this month without stating the reason.In response to MP Lim Guan Eng's request to investigate whether its P2P platform facilitated transactions in Malaysian Ringgit through other currencies, Binance stated that it has proactively closed a Papua New Guinea Kina trading market that was informally linked to the Ringgit. The latest complaint involves an advertisement posted by a non-Malaysian user in the Romanian Leu market. Binance stated that this does not represent a continued evasion of local laws and expressed its intention to continue cooperating with regulators to provide services in a compliant manner.
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