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British bank Griffin has completed a $20 million Series B financing round, led by Octagon Partners, with participation from Notion Capital, A+ Ventures, Nordic Ninja, Breega, and others. The company's valuation exceeds $100 million, though it has not disclosed whether this is pre-money or post-money valuation. Griffin stated that the funds from this round will be used to drive business expansion and achieve profitability.Griffin was founded in 2017 by former Airbnb employee David Jarvis and CircleC co-founder Allen Rohner, and it obtained a full banking license in 2024 and officially launched. Currently, Griffin provides banking infrastructure services to over 80 companies, including Uber, Countingup, Anna Money, Yonder, and Prosper. The company serves over 300,000 retail and business customers, processing approximately 10 million payments annually. As of September 2026, its recurring revenue has increased 3.2 times year-on-year, a figure that has not yet been audited.Griffin co-founder and CEO David Jarvis stated that the company will expand its card issuance and stablecoin business: the card issuance business will support branded retail and corporate debit cards, with credit card products to be launched later; in terms of stablecoins, the company is developing reserve-related services for enterprises and advancing on-chain cross-border payment solutions.

The cryptocurrency trading platform Backpack announced that it has signed a cooperation agreement with the Japanese digital bank Minna Bank. Minna Bank is part of one of Japan's major regional bank groups, FFG. Both parties will utilize Backpack's on-chain infrastructure to explore the provision of digital banking services related to cryptocurrency assets in Japan. Backpack is positioned as a cryptocurrency trading platform and multi-chain wallet. According to RootData, the project completed a strategic financing of 20 million dollars in 2022 and will complete a Series A financing of 17 million dollars in 2024.

According to monitoring by Arkham, the UAE royal family-associated Bitcoin mining company Citadel is still engaged in Bitcoin mining and currently holds approximately 532 million USD in Bitcoin.85% of Citadel's shares are held by 2pointzero, which is 100% owned by IHC. The UAE Royal Group holds about 61% of IHC's shares, which is owned by Abu Dhabi royal family member Sheikh Tahnoon bin Zayed Al Nahyan.

According to CoinDesk, Gemini has sold its UK and European operations to stablecoin payment company Kast for less than 10 million dollars. Gemini exited the UK and European markets in February this year, with the buyer primarily valuing the local MiCA and FCA licenses.

IT Home reported on November 12 that the Japanese government is considering requiring AI companies to fulfill security obligations and introducing new penalties to address the risks of uncontrolled advanced AI. The Japanese government plans to announce a comprehensive reform plan by the end of this year, with relevant content confirmed in a closed working group meeting discussing AI legal systems. This move aims to address significant threats such as AI cyberattacks and loss of control, ensuring that the government can take action against malicious companies that refuse to negotiate.Currently, the business division of AI companies is becoming increasingly detailed, including various aspects such as basic research, foundational model development, and user services. The Japanese government will further discuss the scope of regulatory targets. If American AI large model companies are included in the regulation, how to effectively protect the rights and interests of Japanese users will also become a problem that needs to be addressed. For companies that refuse to cooperate in negotiations after issues arise, the Japanese government plans to issue enforcement orders when necessary and consider imposing penalties on companies that defy these orders. These measures are expected to primarily target incidents of uncontrolled advanced AI and attacks.

A hacker publicly sold suspected personal information of TSMC employees on an underground forum, claiming to possess up to 46,000 records with a data volume of 6.9GB, and is asking for 3 bitcoins. The hacker even threatened to fully disclose the related information if no one purchases it within a week.In response, TSMC confirmed that some personal information of current and former employees was disclosed without authorization. Preliminary investigations indicate that this information matches data from a certain cloud service provider's system, but there is currently no evidence that TSMC's own data systems have been breached. TSMC emphasized that the related information is unrelated to the company's production and customer data. The company has been notifying affected individuals and providing necessary assistance, while closely cooperating with the relevant cloud service provider, investigative agencies, and third-party cybersecurity organizations to expedite the clarification of the incident's cause and take necessary measures.

According to Protos, the world's largest stablecoin issuer Tether has an exposure of approximately $4.804 billion to the U.S. stock market through 13 publicly listed companies in the United States. The holdings are highly concentrated in three major companies: Bitcoin treasury company Twenty One Capital (approximately $1.367 billion), video platform Rumble (approximately $1.328 billion), and agricultural conglomerate Adecoagro (approximately $966 million).The remaining holdings include: Elemental Royalty (approximately $342 million), Bitdeer (approximately $249 million), Gold.com (approximately $148 million), Versamet Royalties (approximately $128 million), Metalla Royalty (approximately $115 million), Gold Royalty (approximately $106 million), Satellogic (approximately $39.65 million), Stablecoin Development Corp (approximately $4.9 million), Aurelion (approximately $4.4 million), and Antalpha Platform (approximately $3.1 million). Protos points out that Tether is leveraging its funds to make extensive investments across multiple industries and has dispatched its executives to relevant companies to hold positions.

ZDNet Korea reported on November 12 that storage companies such as Samsung Electronics and SK Hynix have decided to allocate additional supplies of enterprise-level solid-state drives (eSSD) that are currently being discussed with Chinese customers to U.S. customers. Major Chinese artificial intelligence companies such as Alibaba, Baidu, and Tencent have decided to reduce the scale of eSSD orders to below expectations, and storage companies are aware of this situation. The report states that after the U.S. strengthened export controls on artificial intelligence to China, the supply of high-performance artificial intelligence semiconductors such as graphics processors and high-bandwidth memory has become difficult, leading to a decrease in the demand for accompanying storage.eSSD is a NAND-based storage module primarily used for data centers, serving as an auxiliary storage device for data preservation. Insiders indicate that the main reason for the order reduction among Chinese companies is the difficulty in supplying artificial intelligence semiconductors. The U.S. government has effectively prohibited companies like NVIDIA and AMD from exporting high-performance artificial intelligence semiconductors to China, and the accompanying high-bandwidth memory is also subject to controls. Previously, Chinese companies had circumvented these controls through overseas entities and product disassembly, but these alternative routes have gradually faced obstacles, causing delays in investment plans.Another insider stated that the adjustment of eSSD supply plans for China by storage companies is true, and the related supply volume plans are being shifted to U.S. cloud service providers. This person noted that the storage demand from U.S. data centers remains robust, and the supply shortage may continue into next year and the year after. Industry insiders say that the tight supply of NAND in global markets such as the U.S. is still ongoing, and the reduced demand in China will be taken up by U.S. data center companies; this adjustment will not have a significant impact on the overall demand for NAND and SSD.

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.

OpenAI announced that the ChatGPT Finances feature has officially expanded to the Mac desktop application. After users update the app, they can connect their bank, credit card, and investment accounts through the "Finance" entry in the sidebar, allowing them to view balances, analyze spending, manage subscriptions, and track portfolios directly on macOS. This feature connects accounts through the financial data service provider Plaid, enabling ChatGPT to answer questions based on real transactions, balances, and investment data, such as inquiries about the categories with the highest spending this month or subscriptions that should be canceled, providing analysis based on account information.ChatGPT Finances launched in May this year, with main features including tracking expenses by category, reviewing recurring charges, monitoring stock holdings and asset allocation, tracking credit scores, and generating weekly financial updates. Regarding privacy, OpenAI emphasizes that this connection is read-only; ChatGPT cannot transfer funds, pay bills, or execute stock trades, and users can disconnect their accounts at any time. This feature is currently available to Free, Go, Plus, and Pro users in the United States.

According to the Russian newspaper "Kommersant," Russia's PSB Bank has applied to the court to declare Igor Runets, the founder of the large cryptocurrency mining company BitRiver, personally bankrupt, seeking to recover approximately 773 million rubles.PSB stated that Runets had guaranteed loans for BitRiver's subsidiary BitRiver-B, and since the borrower failed to repay the debt on time, Runets must bear joint liability. In February of this year, Runets was placed under house arrest by the court for allegedly concealing funds or assets that could be used to recover unpaid taxes. Currently, some companies under the BitRiver group have also entered bankruptcy observation procedures.

Reports suggest that the Bank of Japan's interest rate hike and the unwinding of yen carry trades may impact Bitcoin.

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.

The New York Times cited five individuals who previously worked at NVIDIA, reporting that in addition to the extramarital affair already acknowledged, Jensen Huang also had an extramarital relationship with Kimberly Powell, the Vice President of the company's healthcare business. Powell reports directly to Huang, and both are married.According to insiders, during the NVIDIA GTC developer conference in March this year, the two were spotted behaving intimately at a hotel in San Jose, California. Someone captured footage of the incident on a mobile phone, and Huang's security team subsequently isolated the shooter and requested them to sign a non-disclosure agreement. The New York Times stated that it has not seen the video, and the related relationship had previously been discussed internally within the company. Powell was originally scheduled to speak at the opening ceremony of the Milken Institute Health Summit in Washington on the morning of November 12, but the host, CNN reporter Meg Tirrell, announced that she had canceled her appearance without specifying the reason. When responding to a phone inquiry from a New York Times reporter, Huang stated that he did not believe the other party should speak directly with him, and then hung up the phone.This is the second time in a week that Huang has been exposed for an extramarital affair. Meanwhile, The Wall Street Journal reported that NVIDIA's board is preparing to dismiss Huang, with a special meeting scheduled as early as November 11 local time to discuss his future. Following the news, NVIDIA's stock price fell by about 9% in after-hours trading. Since Huang was first reported to have an extramarital relationship with Alice Huang, including the after-hours drop, its stock price has decreased by 18% across the two related reports, resulting in NVIDIA's market value evaporating by approximately $820 billion.

British AI chip startup Fractile has completed a $720 million Series C funding round and plans to deliver its first batch of chips and systems next year.

According to Gate market data, Nvidia (NVDA.O) has expanded its intraday increase to 5%.

According to Gate market data, Intel (INTC.O) has increased by 8%.

According to Gate data, U.S. cloud service providers and the storage sector continue to strengthen, with CoreWeave's increase expanding to 20% and NEBIUS rising over 15%. At the same time, the Philadelphia Semiconductor Index's increase expanded to 5.10%, reporting 10,500.83 points, as the U.S. semiconductor sector surged.SanDisk surged over 14.7%, Lumentum rose over 12.6%, Micron Technology increased over 11.2%, Coherent rose over 11%, and Seagate Technology increased over 10.2%; SK Hynix rose over 9.6%, Marvell Technology increased over 9.1%, Arm Holdings rose over 9.0%, Intel increased over 6.9%, Lam Research, Broadcom, Applied Materials, and AMD rose over 5%, TSMC increased over 3.4%, and NVIDIA rose over 3.0%.

According to Forbes, data infrastructure company Edelbyte has completed a $45 million Series A funding round, reaching a valuation of $500 million, led by Quiet Capital, with all existing investors participating. New investors include QP Ventures, Startpoint Capital, and Cerca Partners.The company had previously completed a $25 million seed round led by Sequoia, with Greenoaks and Swish Ventures participating, bringing total funding to $70 million. Edelbyte was founded in November 2025 by four former Microsoft engineers to provide a data platform for increasingly complex query workloads in the AI era.Co-founder and CEO Avner Aharoni, CTO Evgeney Ryzhyk, VP of Engineering Alexander Sloutsky, and VP of Platform Engineering Yoni Leibowitz all worked at Microsoft for about 20 years and have over a decade of experience working together.Among them, Ryzhyk and Sloutsky were part of the founding team of Microsoft's internal data platform Kusto, which later became the foundation for products like Azure Data Explorer. Edelbyte's platform integrates traditional analytics, text search, spatial queries, and AI workloads on the same infrastructure and can be deployed in public cloud, private cloud, and on-premises environments.