pol

On November 11, the Selangor police in Malaysia publicly destroyed 186 seized Bitcoin mining machines, with the state police chief, Shafie, personally driving a bulldozer to crush the equipment. This destruction operation involved 7,445 pieces of evidence seized between 2021 and 2026, with a total value of approximately 1.19 million Malaysian Ringgit, which has been approved by the court.In addition, the Perak police recently collaborated with the national energy company to raid a residential house suspected of stealing electricity for mining, seizing another 48 Bitcoin mining machines. An investigation is currently underway based on relevant criminal and electricity regulations.

According to Bloomberg, the prediction market platform Polymarket has recently laid off some employees and terminated contracts with several contractors.Previously, CEO Shayne Coplan, responding to investor demands for stronger company management, brought in several senior executives, including hiring former Amazon finance chief Warren Jenson as Chief Financial Officer and recruiting executives from Goldman Sachs, DoorDash, and Robinhood. Polymarket stated that as the business expands and new management joins, the company is adjusting its organizational structure, involving personnel recruitment, position adjustments, and layoffs, but did not disclose specific numbers.

According to Polymarket data, in the market "Who will be the next CEO of NVIDIA?", the current NVIDIA Vice President of Large Scale and High Performance Computing Ian Buck is currently in the lead with a 30% probability, followed by NVIDIA Executive Vice President and Chief Financial Officer Colette Kress at 21%, and the probability of Jensen Huang remaining the current CEO is 19%.Among the other options, Arm Holdings CEO Rene Haas currently has an 11% probability, NVIDIA Executive Vice President and Global Field Operations Head Jay Puri has 9%, AMD Chair and CEO Lisa Su has 3%, and NVIDIA Senior Director of Product and Technology Marketing for Physical AI Platform Madison Huang has 2%.

Nick Tomaino, a partner at 1confirmation, stated that 1confirmation has participated in all rounds of financing for Polymarket to date and has decided to increase its investment again. Although the fund focuses on seed-stage investments and typically does not participate in later-stage financing, it believes that Polymarket is worth breaking this investment convention.Nick Tomaino mentioned that there has been a demand for prediction markets for over a century, as users wish to place bets on events in politics, culture, and more. In the age of AI, one of the biggest challenges faced by young people is discerning the truth of information, and prediction markets can transform users' trading and investment enthusiasm into more accurate information.He emphasized that the long-term value of Polymarket is not just in sports betting, but in providing a more effective information discovery mechanism for political, geopolitical, and cultural events. Currently, while the U.S. market is primarily focused on sports trading, the accuracy of information is what gives prediction markets their more enduring value.Additionally, he believes that Polymarket's business is continuously upgrading, with the current management team performing excellently, and the products in the U.S. market are at an industry-leading level, with revenue consistently reaching new highs. Regarding the token program, he stated that while he did not fully agree with some of the related promotional methods previously, it is unreasonable to assert that the token program has lost its potential.Finally, Nick Tomaino stated that Polymarket founder Shayne has a strong desire for success and is one of the most direct and transparent people he knows.

According to Hong Kong media Ming Pao, the Hong Kong police dismantled a cross-border criminal group that used virtual currency over-the-counter (OTC) channels for money laundering, arresting 22 people, including 21 men and 1 woman, aged between 21 and 54.The police investigation revealed that the group had been active since August this year, recruiting mainland individuals to come to Hong Kong to open puppet bank accounts, withdraw cash from criminal proceeds, and then transfer the funds to virtual currency OTC shops operated by the group. They laundered the money through buying and selling virtual currencies, with the police estimating that the group laundered over 150 million Hong Kong dollars from August to October this year alone.It is reported that the group had clear divisions of labor, first arranging for mainland individuals holding two-way permits to come to Hong Kong to open online bank accounts for receiving criminal proceeds. They then recruited cash withdrawal personnel who used bank cards distributed by the group to withdraw cash from ATMs at different locations and banks, which was then collected and transported by runners to the OTC shops to complete the money laundering.

The police in Dezhou, Shandong, China, have cracked a cross-provincial online extortion case. The criminal gang impersonated environmental inspection personnel and journalists, using drones to film breeding farms and release negative videos, inducing farmers to pay for post deletion.The gang collected funds through payment codes and third-party payment platforms, which then settled with money laundering groups using virtual currency. The police stated that the gang committed 268 crimes in 22 cities across 5 provinces, including Shandong, Henan, Hebei, Jiangsu, and Anhui, within two months, involving an amount of over 800,000 yuan. A total of 23 people have been arrested, and assets worth over 2 million yuan have been sealed, seized, or frozen.

According to a Dutch prosecution announcement, the prosecution is seeking a 6-month prison sentence for a former investigator of the Royal Netherlands Marechaussee (KMar), accusing him of illegally accessing police systems using his official authority to steal cryptocurrency worth over 6,000 euros from a traveler.

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."

Polish energy company Orlen SA has terminated one of the two long-term liquefied natural gas contracts signed with Qatar Energy due to ongoing conflicts that have prevented the other party from fulfilling its delivery obligations. This is the first time a customer of Qatar Energy has terminated a contract.Orlen stated that due to the ongoing "force majeure," the company decided to terminate this contract, which was originally set to last until 2034, but still retains the other contract.

Michelle Bowman, the Vice Chair for Supervision at the Federal Reserve, stated that inflationary pressures persist while the labor market is stabilizing. She expects the core PCE in October to rise to 3.3% year-on-year, with rising energy prices and AI-related demand as the main driving factors. Bowman noted that the recent decline in stock prices, the rise in U.S. Treasury yields, and the strengthening of the dollar have tightened financial conditions, necessitating a careful assessment of the costs and benefits of further tightening policies.

AI company Anthropic has updated its "Supported Regions Policy" on its official website, with the new version taking effect on November 12. The policy applies to applications, APIs, and developer platforms such as Claude.ai, Claude Code, Cowork, as well as Claude models provided through cloud platforms and authorized distributors.The new policy clarifies that the following situations are considered as usage in unsupported regions: individuals located in unsupported regions, including users and employees of supported entities; entities registered or headquartered in unsupported regions and their users or employees, regardless of where these individuals are located; entities that are directly or indirectly majority-owned or controlled by individuals or entities from unsupported regions and their users or employees, again regardless of where they are located.According to the official website list, mainland China, Hong Kong, Macau, and Russia are not included in the list of supported regions.

The prediction market platform Polymarket stated to CNBC that its annual revenue has surpassed 1.8 billion dollars, further increasing from over 1 billion dollars disclosed in June this year. The revenue growth mainly comes from the domestic exchange launched in May this year, which saw a nominal trading volume exceeding 14.5 billion dollars in October, more than tripling from 4 billion dollars in June.The increase in trading volume is driven by the demand for the FIFA World Cup, the NFL season, and Combo event contracts. Among them, Combo contracts accounted for over 70% of the platform's trading volume on Sundays. However, Polymarket still faces short-term regulatory hurdles. The Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the company, which involves its advertising methods and whether the company has violated the settlement agreement reached with the agency in the past. This agreement prohibits U.S. residents from accessing its international trading platform.

According to PR Newswire, Marble, an institutional multi-asset trading and computing credit company founded by former BitGo and Galaxy Digital executives Matt Ballensweig and Leon Marshall, has announced its launch and completed a $11 million seed round financing, led by Polychain Capital, with participation from institutions such as Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, and several angel investors in the AI field.Marble operates through two business lines. Marble Compute focuses on building private credit channels for AI infrastructure, connecting institutional lenders with neoclouds and GPU operators; Marble Markets builds an institutional trading platform covering digital assets, real-world assets, prediction markets, and computing power.The two founders serve as co-CEOs: Ballensweig was the global trading head at BitGo, and Marshall was the CEO of Galaxy Digital's European operations.

The Vice President of Engineering at the prediction market platform Polymarket, Josh Stevens, announced that the platform has launched a withdrawal address whitelist feature. Users can lock the withdrawal address of their deposit wallet, and adding a new address requires email verification and setting a 48-hour time lock. Operations not performed by the user can be canceled via email.Stevens stated that even if a session is compromised or a malicious transaction is mistakenly signed, funds cannot be transferred to an uncontrolled address. This feature can be enabled in "Settings - Account," and Passkey support will be launched soon. The team is developing a migration tool for non-deposit wallets and will introduce advanced built-in security protections that do not require manual activation.

According to The Block, DECA Labs, a software commercialization network led by AI agents in the Base ecosystem, announced that it has completed a total of $12 million in financing, with investors including Polychain Capital, Pantera Capital, Accel, and dao5. The new funds will be used to accelerate its agent infrastructure, expand the network, and enhance distribution partnerships.DECA Labs aims to address the oversupply of products resulting from the significant reduction in software development costs due to AI. Its agents do not blindly generate software in bulk but instead identify opportunities from real-time market signals, testing demand thresholds with real buyers before allocating budget, and only assigning development and distribution resources to projects that meet the criteria. DECA stated that its platform waitlist has exceeded 100,000, agents have analyzed over 50,000 market signals, the first batch of products has over 80,000 monthly active users, and products have been developed for brands such as Balmain and Crocs, generating approximately $1.5 million in total revenue to date.

The lower house of the Polish Parliament passed a bill to expand the scope of national sanctions, which intends to allow the Minister of the Interior to freeze cryptocurrency assets without a prior court order. The bill is still pending review by the Senate and approval by the President.

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.

According to The Block, after conducting on-chain analysis of the Polymarket account dubdubdub2, which was questioned by The New York Times, it was found that the trader has been engaging in large-scale speculation and DeFi trading for a long time, holding relevant election positions until settlement, rather than profiting immediately after the polls were released.Transaction records also indicate that the trader may have continued to place bets 10 minutes after the Nebraska poll was released. Two interviewed experts believe that the existing evidence does not strongly indicate wrongdoing, but it cannot be completely ruled out. Polymarket previously stated that it is investigating.