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According to a report by The Paper, in response to rumors circulating online about the preparation of an AI startup focused on Recursive Self-Improvement (RSI) with a project valuation of up to $2 billion, Google DeepMind senior research scientist Yao Shunyu explicitly denied it, stating, "I have not founded a company and am still an employee of Google DeepMind," and claimed to have no idea where the related rumors originated.Previously, there were reports that Yao Shunyu's startup team had basically taken shape, intending to attract research and engineering talent from leading AI labs such as Google DeepMind, Anthropic, and OpenAI. This is not the first time Yao Shunyu has responded to startup rumors. On October 12, he publicly stated that there are currently no plans to raise funds in China and urged the public not to waste time on related rumors.

In this round of the U.S. stock earnings season, multiple companies have announced layoff plans in response to the rise of artificial intelligence, with the number of S&P 500 constituent companies announcing large-scale restructuring plans expected to increase by about 20% year-over-year.After PayPal and Microsoft announced layoff plans, their stock prices rose slightly, while Volvo's stock price fell sharply due to expanded layoffs in response to shrinking demand in the Asian market.

Global stablecoin payment infrastructure service provider WasabiCard announced the formal signing of a strategic cooperation agreement with Japan Innovation Group (SOUSHIN Ltd). Both parties will integrate WasabiCard's technological advantages in global payment infrastructure, cross-border settlement, and stablecoin payments, along with Japan Innovation Group's resources in the local retail and trading ecosystem, to jointly promote the digital transformation of traditional retail enterprises in Japan and explore the application of stablecoin payments in physical business scenarios.As of now, WasabiCard has served over 700 corporate clients, with a cumulative card issuance exceeding 700,000 cards and a transaction volume exceeding 1 billion USD. The company's business covers more than 200 countries and regions worldwide and supports over 70 card BINs. This cooperation marks WasabiCard's further deepening of its market layout in Japan and accelerates the integration of stablecoin payments with the traditional retail business ecosystem.

According to CoinDesk, Bitcoin mining company turned data center developer Cipher Digital reported a net profit of 31.6 million USD for the third quarter, despite a 63% year-over-year decline in revenue. Revenue fell from 71.7 million USD in the same period last year to 26.7 million USD, with Bitcoin mining contributing 20.8 million USD, a 71% decrease, as Cipher shifted its computing power from mining to leasing data centers to AI companies.This quarter, Cipher generated revenue from this business for the first time, with its Texas Black Pearl data center bringing in 5.9 million USD after commencing operations in August. Cipher reported an operating loss of 71.9 million USD, up from 37.6 million USD in the same period last year; adjusted EBITDA dropped from a positive 40.8 million USD to a negative 10 million USD. The net profit mainly came from a 127.2 million USD non-cash accounting gain related to warrants from Google, which does not represent cash actually received by Cipher. Recently, Cipher extended the lease term for the Barber Lake data center to 20 years, bringing the site's contract revenue to approximately 9.1 billion USD.

After Cursor and Anthropic, OpenAI announced its self-developed Git backend Pando, which has now taken over the company's entire main code repository. Over the past year, Codex has enabled engineers to deploy a large number of Agents to write code simultaneously, resulting in an increase in code branches, pushes, merges, and pull requests. OpenAI's original system experienced frequent stalls and merge failures, with reliability even dropping below 90%.One engineer is responsible for the core architecture design, and multiple Codex Agent teams participated in the implementation, with Pando going into production in 10 weeks. This backend allows code pushes from different branches to be processed in parallel without queuing each other. When pulling code, data packets are no longer generated separately for each client but instead reuse existing Git data packets, distributing them directly through caching. After the transformation, the median latency of code pushes was reduced by nearly 80%, distributing nearly 1 PB of data daily, with a cache hit rate exceeding 99%, but different branches no longer guarantee to present the same state at the same moment.Cursor's Origin is still based on Git, primarily aimed at replacing GitHub as a code hosting service. Anthropic's Scion, on the other hand, has abandoned Git, placing commits, merges, and historical queries on the server side. OpenAI retains the Git client and protocol, only reconstructing the backend, so engineers and Agents do not need to change their original development processes significantly.

On November 2, the Japanese financial group SBI Holdings announced its financial report for the first half of the fiscal year ending March 2027 (from April to September 2026). During this period, the revenue from the cryptocurrency business was 23.083 billion yen, a year-on-year decrease of 30.1%. The business recorded a pre-tax loss of 1.595 billion yen, compared to a loss of 147 million yen in the same period last year, with losses further widening.The group's consolidated revenue increased by 17.2% year-on-year, reaching 10.575 trillion yen, setting a historical high for the first half of the year. Revenue from the cryptocurrency business accounted for about 2% of the group's total revenue. During this period, SBI continued to expand its trading infrastructure layout.

According to Bloomberg citing the Financial Times, Nvidia has asked its cloud computing customers to reduce their business exposure to Chinese companies and ensure that at least 51% of service sales are made to companies outside of China.The report cites anonymous sources familiar with the matter stating that Nvidia is a major supplier of chips used to train and run large language models.

Arthur Hayes posted on the X platform that dollar liquidity is being replenished. Before the Federal Reserve and/or banks begin to expand their balance sheets, BTC is expected to weaken.

Palantir CEO Alex Karp stated that Japan may gain an advantage in developing an AI technology stack suitable for its national defense needs, as the company is eager to provide AI systems to the Japan Self-Defense Forces.Karp emphasized that the Japanese private sector needs to develop, train, and control its own artificial intelligence models to protect its intellectual property.

According to a community letter disclosed by Kamino CEO Michael Weisz, the Kamino Foundation owns the project's intellectual property and receives all income, including institutional collaboration revenue. KMNO is the project's only token, and the earnings of the founders, investors, and team members are all linked to this token, with no separate equity distribution.Weisz stated that Kamino is committed to investing at least $20 million over the next two years to expand the range of assets supported by the platform and to introduce its credit and liquidity infrastructure to more platforms. He also mentioned that most of his personal KMNO allocation will only vest after achieving and maintaining a series of valuation milestones.

The SEC's financial department stated that widely governed participants who are not related and have no separate collaborative action arrangements typically do not constitute a central party in the identification of digital commodities.

According to SoSoValue data, as of 8 AM Eastern Time on November 2, 2026, the total net inflow of Bitcoin allocated by global listed companies (excluding mining companies) in the past week was $75.49 million, a decrease of 85.2% compared to the previous week.Strategy (formerly MicroStrategy) purchased 811 Bitcoins last week at a price of $80,846, spending approximately $65.5 million, bringing its total holdings to 849,327 Bitcoins. The Japanese listed company Metaplanet did not purchase any Bitcoin last week.Additionally, one company announced the purchase of Bitcoin or disclosed its holdings last week. Asset management company Strive announced on November 2 that it spent approximately $9.99 million to purchase 124 Bitcoins at a price of $80,526, bringing its total holdings to about 43,124 Bitcoins.As of the time of publication, the total number of Bitcoins held by global listed companies (excluding mining companies) is 1,168,864, an increase of 0.09% compared to two weeks ago; the current market value is approximately $91.16 billion, accounting for 5.8% of Bitcoin's circulating market value.

According to CoinDesk, digital securities and tokenization infrastructure company tZERO plans to merge with special purpose acquisition company FG Imperii Acquisition Corp. (FGII) to go public, with a pre-money valuation of $350 million for tZERO. It is expected to raise up to $231 million in SPAC trust funds, with the actual amount depending on shareholder redemptions and transaction costs.The merged company plans to list on NYSE American in early 2027, with the stock ticker TZRO. The transaction is still subject to approval by shareholders and regulatory agencies.tZERO has been laying out its blockchain securities market since 2014, with its regulated subsidiaries providing services such as digital securities trading, brokerage, custody, and transfer agency. The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), is one of its investors and has selected tZERO to participate in the design of the New York Stock Exchange's blockchain securities trading platform.

According to Techfunding News, cryptocurrency high-frequency trading company LO:TECH has completed a $12 million Series A financing round, led by MMC, with participation from Faction, 13 Books Capital, and new investor Atka. The company plans to use the funding to expand into the New York and Singapore markets and further develop trading execution services in traditional finance, digital assets, and prediction markets.LO:TECH was founded by Tim Meggs, Marcus Horsley, and Alex Williams, focusing on high-frequency trading and liquidity provision, capable of executing tens of thousands of trades per second. The company's business includes proprietary trading, market data distribution, and trading technology services, and it has obtained a data distributor license from Kalshi.

According to CoinDesk, digital securities and tokenization infrastructure company tZERO plans to merge with special purpose acquisition company FG Imperii Acquisition Corp. (FGII) for a public listing, with a pre-money valuation of $350 million for tZERO. It is expected to secure up to $231 million in SPAC trust funds, with the actual amount depending on shareholder redemptions and transaction costs.The merged company plans to list on NYSE American in early 2027, with the stock ticker TZRO. The transaction still requires approval from shareholders and regulatory agencies.Since 2014, tZERO has been laying out its strategy in the blockchain securities market, with its regulated subsidiary providing services such as digital securities trading, brokerage, custody, and transfer agency. The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), is one of its investors and has selected tZERO to participate in the design work for the New York Stock Exchange blockchain securities trading platform.

The Bitcoin Market Report for the third quarter of 2026 published by 21shares shows that Bitcoin rose by 42.7% in the third quarter.In terms of demand structure, the net increase in U.S. spot Bitcoin ETF holdings was 79,800 BTC, valued at approximately $6.2 billion, nearly double the newly mined supply of 41,300 BTC during the same period, replacing Bitcoin Reserve Company as the main source of market demand.In contrast, the purchase scale of Bitcoin Reserve Company dropped from $7.1 billion in the second quarter to about $1 billion in the third quarter.Meanwhile, long-term holders reduced their holdings by 248,000 BTC in the third quarter, valued at approximately $17.4 billion, nearly three times the net increase in ETFs during the same period.On the miner side, in September 2026, miner revenue exceeded estimated total mining costs by 6%, ending a previous state of being below the breakeven line for 10 consecutive months. BTC transaction fees only covered 0.67% of the Bitcoin network's security costs of $2.96 billion in the third quarter; based on the price and network hash rate in September 2026, after the halving in 2028, block reward income is expected to cover only 80% of miners' electricity costs.