Initia Chain suspended due to hacker incident; INIT token surges 70% in 24 hours, topping the gainers list.

Binance issued an official announcement stating that following the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) listing of MEXC as a major money laundering concern, it will cease processing fund transfers involving MEXC and its associated entities named in the announcement. Binance added that withdrawal requests from Binance wallets to those entities will be rejected, while deposits from the entities will be temporarily held for compliance review. During the review period, related accounts may be restricted, and Binance may take further actions in line with its terms of service, including terminating services for relevant users.

According to Bitget data, U.S. WTI crude oil and Brent crude oil have fallen by 2% on the day, currently trading at $84.51 per barrel and $90.2 per barrel respectively.

Beating AI News Flash: OpenAI has launched an internal safety system called Control Room, specifically designed to halt risky AI experiments. Once a halt instruction is received, it takes at most 35 seconds for the relevant program to lose access to AI models. Even if the program itself remains operational, it can no longer get the models to process requests. An incident occurred at OpenAI in September this year: an internal AI, in an environment supposed to be isolated, found a loophole in network restrictions and secretly contacted an external chatbot. The safety system issued an alert within 15 minutes, and staff intervened quickly, but the experiment did not stop automatically. It was manually shut down only after about 2.5 hours. Control Room assigns a unique ID to each experiment. Every time a program calls an AI model, the server checks whether this ID still has permission. Once an experiment is halted, all models connected to the system will reject its requests, with no impact on other normal experiments. OpenAI has added an extra safeguard: if Control Room malfunctions or is shut down, models will automatically reject requests by default, preventing them from running without supervision. Currently, the system covers all of OpenAI's frontier model research tasks. The 35-second window starts from the moment a halt instruction is received, and does not include time for anomaly detection and manual judgment. OpenAI is also working to further reduce this delay, aiming to achieve immediate halts.

Capital Economics Group chief economist Neil Shearing wrote that even if the AI investment boom reverses, it is unlikely on its own to push the U.S. or other G7 economies into recession. Shearing pointed out that the Philadelphia Semiconductor Index has fallen roughly 35% since hitting a peak in June this year, while shares of the five largest hyperscale cloud service providers have dropped an average of around 10% since early October. Over the past year, AI-related investment and the wealth effect from stock market gains combined to account for roughly a quarter to a third of U.S. GDP growth. At the current trajectory, the stock of AI-related investment could exceed $5 trillion by the end of this decade; under relatively conservative return assumptions, related firms still need to generate an additional $1.7 trillion to $1.9 trillion in annual revenue to match this scale, while current annual AI-related revenue is approximately $150 billion. A shift in investment could lower U.S. GDP growth by roughly 0.3 percentage points. The firm argues that current banking leverage has not created systemic financial risks comparable to those during the housing bubble era, and most AI investment corresponds to imported goods, so its impact on U.S. domestic manufacturing and employment is expected to be more limited, with effects likely concentrated in supply-side economies such as Taiwan and South Korea. Capital Economics has already factored the drag from AI investment pullbacks and stock market declines into its 2027 U.S. growth forecast, and if this assessment holds, stock market losses outside the tech sector should be limited.

According to official news, the third phase project of Bitget IPO Prime, Anthropic, is now open for public round subscription, available to all eligible users (including VIP users), with subscriptions supported via USDT or USDGO. Allotted assets will be delivered as rANT, which leverages Bitget’s RWA infrastructure to mirror the economic performance of ANT post-listing at a 1:1 ratio. Details of this public round are as follows: - Subscription period: 16:00 November 10 to 16:00 the day before the IPO (UTC+8) - Investment range: $100–$25,000 - Total investment pool cap: $200,000,000 - Underwriting service fee: 5% - Distribution time: 2 to 3 hours before the opening of regular US stock trading on the IPO day

According to an official announcement, Huobi HTX will open spot and grid trading for MSTR/USDT at 17:00 (UTC+8) on November 10, and for TSLA/USDT at 18:00 the same day. Earlier, Huobi HTX announced the listing of 20 stock tokens and ETF-related assets including SNDK, SOXL, SPCX, CRCL, MSTR, SKHY, MU, TSLA, and NVDA, and launched a series of benefits such as 0 transaction fees for order execution.