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OpenAI is gradually rolling out a GIF generation feature within ChatGPT, allowing users to describe animations in natural language or upload existing photos for ChatGPT to convert into GIFs. Once generated, users can adjust playback speed, view frames one by one, edit, and share the final product. According to The Verge, this feature is powered by OpenAI's new image generation model Images 2.6, which has not yet been officially announced through a product release.This GIF feature is part of the Images 2.6 update, which promises faster image generation speeds. The Verge reports that OpenAI is pushing this model to web, desktop, and mobile users of ChatGPT and Codex. Developers will also gain access to two new API models, GPT-Image-2.6 Flare and GPT-Image-2.6 Sunburst, aimed at faster generation speeds and higher quality results, respectively. OpenAI has not released a separate announcement detailing the capabilities of this model.This update follows the release of ChatGPT Images 2.5 in September, which brought sharper details, more precise editing, and up to a 50% increase in generation speed compared to the previous generation. Additionally, OpenAI shut down its standalone AI video generation application Sora in March. Currently, this feature is being rolled out gradually, and most users are temporarily unable to access it; OpenAI has not provided a specific timeline for when all ChatGPT accounts will gain access to the GIF generation feature.

Chainlink stated that Apex, T-REX, and the ERC3643 Association have implemented a compliance framework to align on-chain bonds with the Swift standard.

Investor Serenity (@aleabitoreddit) posted that the current market deleveraging has become quite severe, with investors indiscriminately selling stocks related to the AI industry chain. Some companies' stock prices have even fallen back to levels before significant orders and performance expectations were realized.Serenity cited the storage chip company ESMT as an example, noting that the company has a market capitalization of about $2 billion, achieving a gross profit of $526.2 million and a net profit of $330 million in the third quarter, with net assets of approximately $937 million, of which net cash is about $740 million. Based on current performance annualized, its price-to-earnings ratio is only about 1.6 times. Despite ongoing market concerns about the cycle peaking, unsustainable profits, and lack of competitive barriers, the trend of DDR2 and DDR3 production lines exiting is tightening supply, and ESMT expects to hedge against declining consumer demand in the fourth quarter by raising product average prices.Serenity also pointed out that manufacturers like Samsung and Micron are gradually exiting DDR2 and DDR3 production lines, and Nanya Technology has also stopped related production lines, while ESMT's revenue mainly comes from these two types of storage products. It believes that the market underestimates the price support brought by the contraction of traditional storage supply and ignores the situation where Micron, Samsung, SK Hynix, and SanDisk are locking in profitability through long-term supply agreements and price floors. Serenity criticized that the market is selling off AI and storage industry chain companies that actually generate substantial cash flow while shifting funds to companies like Walmart, which has a price-to-earnings ratio of about 47 times, and CrowdStrike, which has a forward price-to-earnings ratio of about 180 times. The current focus is not on the actual free cash flow generated by companies but rather on indiscriminate selling.

Blast announced on the X platform that Blast L2 has officially shut down. Users who still hold ETH or USD in the L2 wallet, pending withdrawals, or in Blast Mobile can retrieve their assets through the Blast official website. This asset retrieval site will operate for 12 months, with the final support date being November 4, 2027.

According to Cointelegraph, the French National Assembly passed Amendment I-2701 with 150 votes in favor, 44 against, and 8 abstentions, requiring taxpayers to report self-custodied crypto assets totaling no less than 100,000 euros (approximately 112,000 USD) to the tax authorities, with the reporting threshold calculated based on the holdings as of December 31 of the relevant tax year.In the same session, the National Assembly rejected another amendment with 69 votes against and 14 in favor, which originally aimed to exempt from tax the income from crypto payments for goods and services not exceeding 1,000 euros (approximately 1,120 USD) within the tax year. The aforementioned reporting requirement has been included in the 2027 Finance Bill and must be retained in the final legislation to take effect. The National Assembly is required to complete the first reading of the bill by November 17, and the Senate is scheduled to begin discussions on November 20.The National Assembly also postponed the vote on the revenue portion of the budget for the second time, which was originally scheduled for October 20. Faustine Fleuret, the global public affairs head of the lending protocol Morpho, stated that the revenue portion "is likely to be rejected," which could lead to the entire bill being rejected in the National Assembly, including the provisions incorporated through the passed amendments.Previously, the assembly rejected two proposals to impose an exit tax on unrealized crypto gains for taxpayers moving abroad and passed an amendment on October 16 to tax the income from converting crypto assets into stablecoins classified as electronic money tokens under EU rules.

According to official news, Gnosis Chain will end its independent L1 operation in the spring of 2027 and join the Ethereum Economic Zone (EEZ), becoming the first general-purpose Zone for settlement to Ethereum.Gnosis Chain will migrate its on-chain state through a hard fork, with contracts, balances, addresses, chain ID, and Gas token xDAI remaining unchanged, and developers will not need to redeploy. Gnosis co-founder Friederike Ernst stated in the article that due to the inability to achieve fast block times, composability with Ethereum, and decentralized ordering all at once, Gnosis chose the first two. Therefore, the current validator set of about 200,000 independent validators will not be retained after the migration. She also revealed that the cost of operating Gnosis Chain as an independent L1 by Gnosis DAO is between 7 million to 10 million dollars per year.In addition, the Devnet Rollup X of EEZ has launched its testnet today at the Mumbai Devcon, completing several demonstrations: CoW Swap completed exchanges within a single transaction on Rollup X using liquidity from the Ethereum mainnet; Safe achieved atomic ownership changes between L1 and L2; Rollup X completed Falcon post-quantum signature verification and made it available for mainnet calls, reducing mainnet Gas consumption from about 5.5 million to approximately 495,000, a decrease of about 91%. Rollup X is still a test network, and the core protocol is undergoing independent security audits. EEZ is a Swiss non-profit organization co-funded by the Ethereum Foundation.Previously, Gnosis co-founder Friederike Ernst and Zisk founder Jordi Baylina collaborated to launch the Ethereum Economic Zone (EEZ) framework, aimed at addressing issues such as liquidity fragmentation caused by L2 fragmentation.

The Hong Kong Special Administrative Region Government welcomes the Legislative Council's passage of the "2026 Taxation (Amendment) Bill" to implement the OECD's Crypto Asset Reporting Framework (CARF) in Hong Kong, as well as the revised Common Reporting Standard (CRS). The Hong Kong government stated that CARF will be implemented in Hong Kong next year, and relevant service providers must collect specified information according to the framework. The tax authority will automatically exchange tax information on crypto asset transactions with partner jurisdictions starting in 2028. The revised CRS will also take effect in 2028, with the tax authority automatically exchanging financial account information according to the new standards starting in 2029.The Financial Secretary of Hong Kong, Paul Chan, stated that implementing the latest international automatic exchange of information standards will help consolidate Hong Kong's reputation as an international financial and business center and enhance the confidence of crypto asset service providers, financial institutions, and digital asset users in operating and investing in Hong Kong for the long term. Hong Kong will conduct information exchanges on the basis of reciprocity, data confidentiality, and security. The tax authority will issue guidelines and establish a dedicated team to provide technical support and answer questions for the industry.

According to reporters from the Science and Technology Innovation Board Daily, Tencent Hunyuan has released the latest generation large language model, Hy4. Compared to Hy4 preview, Hy4 has expanded its data and training scale in pre-training and post-training, introduced visual understanding capabilities for the first time, and improved performance in instruction following, long text understanding, and long-range intelligence, while also supporting computer operations for the first time.Currently, Hy4 has been launched in Tencent Cloud Tokenhub, WorkBuddy, CodeBuddy, Yuanbao, WeChat Work Intelligent Assistant Dayuan, ima, and other products, with API integration into platforms such as OpenRouter, Hermes, and OpenCode. This information was reported by Li Jiayi from the Science and Technology Innovation Board Daily.

On November 3, Veda, an on-chain treasury infrastructure provider, announced that Veda, Aave Labs, and Kamino Foundation released a public summary of a legal framework discussing how U.S. federal securities laws apply to decentralized lending protocols and non-custodial treasuries. Veda stated that the framework addresses how securities laws should apply when financial activities traditionally performed by intermediaries are executed by smart contracts, and ownership, control, and decision-making are decentralized among different participants. The three parties submitted a more detailed version to the U.S. Securities and Exchange Commission (SEC) on October 26 and requested to communicate with the commission's staff. Aave Labs clarified that the detailed version was submitted to the SEC's crypto working group and corporate finance department, and requested a meeting with the staff, with the complete submitted documents remaining confidential.Veda stated: Securities regulation should follow the rights, obligations, and powers that are actually formed by arrangements, including who owns the assets, who bears the obligations, who exercises the authority, and whose economic outcomes are affected. Common infrastructure, receipt tokens, or discretionary service providers cannot unilaterally decide the above issues. The document analyzes against the Howey investment contract standard, Reves note standard, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, and concludes that the analyzed agreements and treasury arrangements do not constitute investment contracts or notes, and the described treasury does not constitute an investment company, nor does the discretionary investment compensation necessarily constitute custody of client assets.Veda also stated that these conclusions depend on the specific structure, contractual arrangements, and distribution of rights and powers described in the document; if the ownership structure, repayment commitments, discretionary powers, or redemption restrictions differ, the legal analysis may also change. This submission did not request the SEC to establish exemptions, safe harbors, or specialized regulatory regimes for decentralized finance, but rather to apply existing securities laws and ask the commission to confirm that the law has distinguished between activities such as issuance, investment management, and custody. The blog post noted that the content is for informational reference only and does not constitute legal advice, and the SEC has not endorsed the conclusions of the document. According to publicly available information from RootData and Veda, Veda was established in 2024 and completed an $18 million financing round led by CoinFund in June 2025.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 7.714 billion USD, with long positions at 3.617 billion USD, accounting for 46.88%, and short positions at 4.098 billion USD, accounting for 53.12%. The profit and loss for long positions is 15.9734 million USD, while for short positions it is 22.2027 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2322.71 USD, currently showing an unrealized profit and loss of 5.4018 million USD.

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.

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.

According to the Omani Ministry of Foreign Affairs, the People's Bank of China and the Central Bank of Oman signed a memorandum of cooperation on central bank digital currencies, and both parties will exchange expertise and experience on related technologies.The two central banks also signed a currency swap agreement. The Governor of the Central Bank of Oman stated that the agreement aims to support economic development, strengthen financial stability, and enhance international partnerships. The relevant documents were signed on November 2 in the presence of the leaders of both countries.

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.

According to the official website of the People's Bank of China, the Governor of the People's Bank of China, Pan Gongsheng, recently signed the "Renminbi/Omani Rial Bilateral Currency Swap Agreement" and the "Memorandum of Understanding on Strengthening Cooperation in Digital Payments and Central Bank Digital Currencies" with the Governor of the Central Bank of Oman, Ahmed Al-Mousaami, under the witness of the leaders of both countries.The scale of the swap agreement is 30 billion Renminbi/1.5 billion Omani Rials, with a validity period of 5 years. On the same day, both parties met to exchange views on topics such as bilateral economic and financial cooperation. The central bank stated that the agreement aims to deepen monetary and financial cooperation between the two countries, enhance the facilitation level of cross-border digital payments, and maintain financial market stability.

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.

Exclusive insights from "Intelligent Emergence" reveal that the overseas revenue share of Seedance, a video generation model under ByteDance, has reached 50%. Sources close to Volcano Engine disclosed that in the past six months, Seedance's revenue in overseas markets has grown nearly fivefold, making overseas an important market for this model.In February this year, Seedance 2.0 received a cease-and-desist letter from the Motion Picture Association of America due to generated content involving Hollywood copyrighted characters. Both parties signed a global memorandum of understanding on August 17. Following the release of Seedance 2.5, the Motion Picture Association of America highlighted ByteDance's progress in intellectual property protection. In August, Disney and TikTok reached a global short video content collaboration, allowing creators to compliantly use characters and clips from hundreds of film libraries, including Marvel, Pixar, "Star Wars," and FX, for secondary creation. The works will be distributed to TikTok and Disney+ vertical channel Verts, piloting first in the United States before expanding globally.Domestically, internet companies remain the main clients of Seedance. Insiders indicate that based on token consumption and revenue contribution, Tencent ranks among the top three clients in China, while Bilibili enters the top ten. The number of clients from the physical industry has exceeded one-quarter, covering sectors such as manufacturing, new retail, business services, education, healthcare, telecommunications, automotive, and energy. Tan Dai, president of Volcano Engine, stated at the FORCE conference in June this year that he hopes Seedance will enter production environments across various industries, especially in high-end productivity manufacturing. Volcano Engine established a frontier deployment engineer team this year to delve into industries such as automotive, healthcare, and education.