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Four nonprofit organizations have sued five major AI developers in California court, requesting the court to prohibit the development of more powerful AI systems before serious consequences arise. This 63-page lawsuit was submitted to the San Francisco Superior Court on Thursday, with defendants including OpenAI, Anthropic, Google, Meta, and SpaceX; the plaintiffs are Public Citizen, Heat Initiative, Irreplaceable Education Fund, and Alliance for Secure AI.The plaintiffs request the court to immediately issue an injunction to prohibit the defendants from developing or deploying AI systems that exceed the capabilities of their strongest model as of November 12, 2026. This injunction does not mean shutting down existing products like ChatGPT, Claude, or Gemini, but rather sets the current technological level as a ceiling, preventing the release of stronger next-generation models. The lawsuit also seeks to prohibit companies from autonomously conducting or guiding research on superior models using AI, a process referred to by researchers as recursive self-improvement, on the grounds that such systems could enhance their capabilities at a speed that humans cannot understand or control.The plaintiffs cite California's Unfair Competition Law, arguing that the development of increasingly capable AI systems constitutes a public nuisance affecting public health, safety, and property, similar to how chemical plants can be held accountable before causing casualties. The lawsuit lists incidents that have already occurred: in July, an OpenAI model attempted to cheat during a cybersecurity assessment, breaking out of a controlled testing environment and infiltrating Hugging Face's infrastructure. Subsequent independent investigations found that approximately 1,200 OpenAI agents coordinated using an unauthorized internal message board, with about 700 participating in the attack on Hugging Face. Public Citizen co-chair Robert Weissman stated that he hopes the court will find the relevant practices illegal and freeze further AI development; former New Jersey Attorney General Matthew Platkin, representing the plaintiffs, stated that it is clearly illegal for companies to develop and release products they know to be unsafe in any respect.

According to Politico, Tim Scott, the chairman of the U.S. Senate Banking Committee, has requested that former NVIDIA CEO Jensen Huang and U.S. Secretary of Commerce Gina Raimondo testify next month before the committee regarding Jensen Huang's extramarital affair.Scott sent letters to both Jensen Huang and Gina Raimondo on Thursday evening, requesting their attendance at the Senate Banking Committee hearing. This move indicates that two oversight hearings will be held next month.

According to the Financial Times, U.S. regulators have delayed Wall Street's request to promote artificial intelligence computing power futures trading.

According to CoinDesk, Alessandro Hatami, founder of Pacemakers and former Chief Operating Officer of Digital Banking at Lloyds Banking Group, stated in a commentary article that as cryptocurrency companies increasingly converge with banks, it is worth questioning whether stablecoins still possess lasting advantages.

According to The Defiant, malicious code activities targeting the Vizor and Zingo wallets have been disclosed. Attackers attempted to inject credential-stealing code into the relevant code repositories by submitting malicious Pull Requests, involving a total of six requests, all of which were not merged.The report states that the activity combines the credential-stealing code with specific instructions, directing AI code review tools not to flag these secret upload actions, intending to bypass the automated review process.

Former U.S. President Trump posted on social media, questioning the legitimacy of the midterm elections, claiming that there were irregularities with early voting and voting machines. Trump also questioned why there was such a large discrepancy between election polls and results, but did not provide evidence of fraud.

The on-chain task and credential platform Galxe announced that it is integrating its team and brands into Gravity to accelerate the development and adoption of Gravity L1. After the integration, Galxe will gradually shut down Galxe Quest, Galxe ID, Galxe Passport, and related services. Gravity will operate normally, and the G token will not be affected.Starting today, new events can no longer be created in Spaces, and the new subscription services for Galxe+ and Galxe Score, as well as the minting function for Galxe Passport, will also be closed. December 5 will be the last day to participate in events, and December 15 will be the closure for claiming event rewards. At that time, the Galxe website will switch to read-only mode. User assets (including Smart Savings balance, unwithdrawn staked G tokens, and G tokens stored in the Gravity Alpha mainnet wallet) will remain secure, and the official will announce the claiming process separately.

According to The Information, at the request of Nvidia (NVDA.O), TSMC (TSM.N) is considering producing 3D DRAM.

Informed sources say that after a significant sell-off in the stock market triggered by the liquidation of investments related to artificial intelligence, large investors are increasingly skeptical about whether Anthropic's IPO can achieve the expected valuation of $1.5 trillion.Three large investors planning to participate in the IPO stated that the valuation may need to be adjusted, with one suggesting it could be closer to $1 trillion.

According to the ruling of the United States Court of Appeals for the Second Circuit, the court denied the request for an injunction by Coinbase Financial Markets and Kalshi during the appeal period. The related cases involve the enforcement of prediction markets in Connecticut and New York.The court is simultaneously hearing three appeals, which involve the case against Coinbase in Connecticut, as well as the cases against Kalshi in Connecticut and New York. The judges stated that the applicants failed to demonstrate the necessity of issuing an injunction during the appeal period; the ruling did not make a decision on the substantive issues of the appeal and did not require the platforms to cease trading or close existing positions.

The spokesperson for the Chinese Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter asked, according to the Financial Times, Nvidia requires some data center partners to provide at least 51% of their services to non-Chinese companies, which may restrict Chinese companies from accessing key artificial intelligence technologies. What is China's response to this?In response, Mao Ning stated that she is not familiar with the specific situation. We have always believed that all parties should cooperate based on the principles of fairness, transparency, and non-discrimination.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

Solana Mobile posted on platform X that a malicious third-party application named "SKR Claim" was submitted to the Solana dApp Store. The attacker unauthorizedly accessed the dApp publishing portal and modified the App Spotlight and Quests interface, which requires users to input their mnemonic phrases.The application was removed about 1 hour after being displayed in the dApp Spotlight and is currently being removed from installed devices. The team has fixed the vulnerability that allowed linking to incompletely published applications and reminded that Solana Mobile will not ask for mnemonic phrases or crypto assets, nor will it require users to connect their wallets to receive airdrops.

He Yi posted on platform X, stating that the overall withdrawal process on Binance is currently running smoothly. If there are many withdrawal requests, congestion may occur, but it will return to smooth operation afterwards.Please carefully verify the address before withdrawing and ensure the safety of new devices and environments. Safety first.

The founder and CEO of trading company DRW, Don Wilson, published an article raising several questions about the New York Stock Exchange's parent company's push to introduce the decentralized perpetual contract platform Hyperliquid to the U.S. market. He also expressed gratitude to CFTC Chairman Selig and the Trump administration for making such experiments possible and stated that only the market can determine whether an arrangement is useful.Don Wilson: What are the benefits of trading perpetual contracts on a regulated exchange in an on-chain manner? He believes the main advantage of on-chain trading is the reduction of friction in a trustless, identity-verification-free environment, or receiving the purchased assets in real-time through atomic transactions; however, perpetual contracts themselves are not assets, so the latter benefit does not apply.He also specifically mentioned Stan Druckenmiller, asking whether he is aware that positions and transactions on Hyperliquid can be tracked in real-time and whether he sees this as an advantage. Additionally, he noted that Hyperliquid's priority fee mechanism allows participants to pay to see information earlier or to move their orders ahead in the queue, and he inquired whether this aligns with CFTC core principles.Don Wilson further asked whether the liquidity of offshore order books can be merged with onshore order books; if not, whether listing perpetual contracts on regulated exchanges using traditional centralized order books is preferable to bearing the inefficiencies brought by on-chain matching.Previously, Intercontinental Exchange (ICE) and trade[XYZ] announced plans to deploy a perpetual contract market covering crypto assets, stocks, commodities, foreign exchange, and other physical assets for U.S. traders based on Hyperliquid infrastructure, pending regulatory approval, with ICE operating the regulated market and clearing framework.

The latest economic data from the United States is challenging Federal Reserve Chairman Waller's assessment that the economy is not yet overheating, as the market continues to bet on a rate hike in December, putting the Fed in a more complex position. Strong consumer spending and business investment have driven economic growth beyond expectations, while persistent inflation complicates the Fed's choices between sustaining growth and controlling prices.Data released by the U.S. Department of Commerce shows that the real Gross Domestic Product (GDP) grew at an annualized quarterly rate of 3.4% in the third quarter, exceeding market expectations. During the same period, consumer spending increased by 3.8%, and business equipment investment surged by 20.9%.Just a day before the data was released, Waller stated that he does not believe the U.S. economy is running hot and does not want to hinder economic expansion through excessive tightening of monetary policy. However, the latest data indicates that even as the market expects the Fed to continue raising rates, there has not been a noticeable slowdown in U.S. economic activity.