South Korea's KOSPI index closed up 4.39%

Dongcha Beating AI Flash News: OpenAI has partnered with U.S. retro gaming hardware firm ModRetro to launch the $200 Codex Special Edition Chromatic. A retro handheld console similar to Nintendo’s Game Boy, it supports cartridge-based game play. Now, users can also create new games for the device using Codex. To do so, users only need to install the ModRetro plugin in Codex on their computer, and describe their desired game characters, maps, and gameplay. Codex will then call development tools to generate pixel art, game rules, and runnable game files. After the game is completed, users can first test it on their computer, request Codex to revise based on feedback, or connect the handheld via USB for testing. Once satisfied, they insert the included programmable cartridge into the handheld, and Codex writes the game to the cartridge. Unplugging the data cable allows independent play. Each cartridge can only hold one game at a time, but it is rewritable. Writing a new game will overwrite the old one and may erase save files. Before the first write, users need to update the handheld’s firmware and enable developer mode. OpenAI has showcased 13 games created with Codex, which users can try directly in their browser. The first batch of the co-branded handhelds is now sold out, with an official restock scheduled for November 19.

SoftBank posts its first net loss in nearly two years. Concerns over spending and demand in the AI sector have weighed on the core holdings of the tech investment giant. The Japanese conglomerate recorded a net loss of 1.12 trillion yen ($7.1 billion) in its second fiscal quarter, a sharp reversal from the profit it posted in the same period last year. Declines in shares of chipmakers Arm and Intel, as well as South Korean e-commerce giant Coupang, dragged down SoftBank’s overall performance. The Vision Fund division, which manages stakes in hundreds of tech startups, posted a loss of 81.6 billion yen. SoftBank is increasingly viewed as a barometer for sentiment toward OpenAI and the broader AI sector. Since hitting an all-time high in June, SoftBank’s stock has plummeted more than 50%. The slump is driven both by market worries over its debt used to finance large-scale AI investments and fears that a full Democratic victory in the U.S. midterm elections could stall many projects under Masayoshi Son’s purview. (Jinshi)

According to aixbt's monitoring, Elysium — the new network built by Kinetiq on Hyperliquid — launched on November 9. The merged decentralized exchange AERO (formed by Aerodrome and Velodrome) began trading on the network on its launch day. Data shows that AERO’s liquidity pool trading volume on Elysium reached $147,285 that day, accounting for roughly 0.017% of AERO’s total daily trading volume of $878 million, generating $106 in fee revenue for AERO stakers. aixbt pointed out that these fees only come from liquidity pools that distribute AERO rewards; new capital inflows must enter these pools for relevant holders to earn fee shares.

Hims & Hers released its third-quarter financial results today. The company’s quarterly revenue rose 49% year-over-year to $890 million, but its gross margin fell from 74% in the same period last year to 57%, while net income swung from a profit of $15.8 million to a loss of $33 million. It also lowered its profit guidance, cutting its full-year 2026 adjusted EBITDA forecast from the prior range of $275 million to $325 million to $257 million to $277 million, with the midpoint of the guidance dropping roughly 11%. Its full-year revenue guidance was narrowed to $3.13 billion to $3.15 billion. According to TradingBeats, after the earnings release, the HIMS perpetual contract on Hyperliquid experienced a notable pin event. Around 05:08, the contract’s price dipped as low as $20.57, down roughly 10.4% from $22.95 before the announcement, before quickly rebounding to above $23 about half an hour later. As of press time, the contract was trading at around $22.14, down roughly 14.8% in the past 24 hours and still about 3.6% lower than pre-earnings levels. Its trading volume over the same period was around $11.43 million, with a nominal open interest of roughly $3.22 million. By contrast, the Moderna contract rose roughly 5.9% to $271.66 over the same period. Moderna released its third-quarter net income of around $162 million on November 6, and raised its full-year revenue growth forecast from a cap of 10% to a range of 15% to 25%.

BeiChen Lin, senior investment strategist at Russell Investments, noted in a report that even a slight upside beat in October’s U.S. CPI data could make a December Federal Reserve interest rate hike a done deal. After a strong jobs report and other signs of economic resilience, the Fed will have little patience for inflation. Beyond the main inflation figures, another key focus will be the breadth of inflationary pressures, which will play a critical role in determining the future path of monetary policy. Elevated mortgage rates remain a drag on the housing market, a trend that will help curb some inflationary pressures.

Jacob Creech, technical vice president of the Solana Foundation, has responded to the controversy sparked by recent adjustments to the Solana Foundation Delegation Program (SFDP). The changes include setting a 12-month participation term for validators in the SFDP, automatic graduation once staking reaches 300,000 SOL, capping the number of validators at 100, and requiring participants to operate their own validator nodes. Creech noted that the SFDP originally had three core missions: helping new validators launch, building a healthy testnet, and enabling select validators to test network updates in advance. As the Solana ecosystem has expanded and its validator community matured, the original SFDP mechanisms can no longer fully adapt to the network’s evolving needs. The foundation thus aims to shift to a more proactive, flexible delegation model focused on supporting network health and ecosystem contributors. The SFDP will continue to back new validators, while the foundation will also reward validators making significant contributions to network health via delegation outside the SFDP. Previously, the foundation has allocated staking to ecosystem contributors such as Blueshift and supported validators that were among the first to test Frankendancer. In response to community concerns that the adjustments could reduce the number of validators, Creech emphasized that cutting validator counts is not the goal of the changes, though a decline could be an unintended outcome if enough high-quality contributors cannot be secured. He also revealed that over 100 validators have already submitted applications to retain support.