Binance to List NU and FRHC US Stock U-Margined Perpetual Contracts

Beating AI News Brief, November 10: Alibaba announced plans to spin off its chip subsidiary T-Head Semiconductor for an independent listing in Hong Kong. In fact, T-Head had secretly submitted its listing application as early as September 11. The offering size and exact listing date have not been finalized, and the firm will remain an Alibaba subsidiary after going public. Alibaba disclosed that as of April this year, T-Head’s Zhenwu series AI chips had cumulatively shipped over 560,000 accelerator cards. In March, Alibaba CEO Wu Yongming also revealed T-Head’s annual revenue had reached the 10-billion-yuan mark. According to IDC statistics, in the first half of 2026, T-Head held a 7% share of China’s data center AI accelerator card shipments, ranking second among domestic manufacturers, only behind Huawei’s 28%. NVIDIA remained the overall market leader with a 34% share. On the performance front, the already commercialized Zhenwu M890 can connect 64 chips via high-speed interconnection to form a super node with 9TB of video memory, capable of running large models with over 2 trillion parameters such as Kimi K3. Engineers interviewed by Caixin noted that its cluster’s overall performance is comparable to NVIDIA’s H200, though public test data under identical conditions is still lacking. In September this year, T-Head also launched the Zhenwu V900, with the company claiming its single-chip performance is three times that of the M890, and it is scheduled to enter mass production in Q1 2027.

Privacy payment application AnomaPay announced in a post that an external security vulnerability has been discovered in the RISC Zero proof system it uses, which may put user funds at risk. To protect user assets, Anoma has suspended the relevant RISC Zero verifier, and the upgrade will be handled by the RISC Zero team. AnomaPay stated that users’ deposited funds remain secure but will be temporarily inaccessible until the Anoma protocol is upgraded to V2. The upgrade is expected to take approximately two weeks, during which RISC Zero’s security updates will be integrated. Users do not need to take any action; funds will automatically be migrated to V2 and access restored once the upgrade is complete.

Beating AI Newsflash: Payment giant Stripe announced that AI model aggregation platform OpenRouter has officially become its subsidiary. The two parties had already announced the acquisition agreement as early as August 19, and this marks the official closing of the deal. OpenRouter acts as a unified entry point for AI models. Developers only need to integrate one API to access hundreds of models from over 80 service providers, and can select providers based on price, speed and stability, with automatic switching available when needed. This business is expanding rapidly. Official data from OpenRouter shows the platform processed 790 trillion tokens in October, a 37% increase from September, and roughly 25 times the volume recorded in January this year. Of this total, 76% of token consumption came from API keys categorized by the platform for agent use cases. The platform currently serves over 10 million developers and enterprises. Stripe, which originally focused on helping enterprises with payment collection, payment management and risk control, launched Token Billing in recent years to help AI companies bill customers based on model usage. Following the acquisition, it plans to further manage enterprises' AI spending: for instance, it will route simple tasks to cheaper models and complex tasks to more expensive ones, while tracking spending on different models. Enterprises can both collect payments from users via Stripe and control model call costs through OpenRouter. OpenRouter has pledged to retain its original brand, products and APIs, and maintain neutrality in model selection.

Fidelity disclosed that it has increased its holdings in Bitcoin treasury firm Strive (ASST) by 2.35 million shares, worth approximately $51 million. The asset manager now holds a total of 12.24 million Strive shares, valued at around $265.3 million, marking a 23% rise in its stake.

According to Yonhap News Agency, the South Korean government will convene a meeting at the Korea Exchange on the 13th. The meeting is expected to discuss key capital market issues, including measures to enhance corporate value and revitalize South Korea's KOSDAQ market.

Former White House crypto advisor Patrick Witt told the podcast *What Bitcoin Did* that President Trump remains interested in purchasing Bitcoin to bolster the U.S. strategic Bitcoin reserve, with related plans having been discussed multiple times before. However, Witt noted that direct government purchases of Bitcoin on the open market face legal uncertainty, as the U.S. Congress holds authority over federal spending. Congress has already included relevant restrictions in the National Defense Authorization Act (NDAA) banning such direct purchases, and the administration is currently seeking the necessary authorization. The U.S. government established the strategic Bitcoin reserve via executive order in March 2025, with initial assets primarily from Bitcoin previously seized by the government; the Treasury Department and Commerce Department have been tasked with exploring budget-neutral ways to acquire more BTC, though no specific plans have been announced nor has an open-market purchase program been revealed. Witt also stated that permanently enshrining the strategic Bitcoin reserve through standalone legislation would face significant challenges given the divided Congress. Without legislative support, the reserve currently relies on executive orders and could be revoked by a future president via a new executive order.