FSB urges Turkey to further improve its crypto asset regulation, and plans to establish a dedicated regulatory committee for stablecoins.

Aethir announced that its previously proposed tokenomics update has officially taken effect, with the highly anticipated ATH burn dashboard and first batch of daily burns launching simultaneously. According to the official, under the new mechanism, ATH burn funding comes entirely from network fees paid by customers when reserving computing power; fixed platform fees have been scrapped, replaced by variable network fees that adjust with market conditions. The exact amount of each burn is automatically calculated via a public formula that combines the network revenue of the past 730 hours and the 30-day time-weighted average price of ATH, ensuring the burn scale aligns closely with actual network activity. The mechanism has already generated preliminary data: cumulative burns total 4,364,413 ATH, with 629,516 burned in the past 24 hours, and weekly burns offset 18.48% of total token issuance. To ensure full transparency, all burns are executed on the Arbitrum network and sent to a public burn address; anyone can verify every transaction record via the dashboard or a blockchain explorer. Additionally, the new mechanism sets a hard cap to ensure variable network fees never exceed the value of cloud host rewards. This means that while protecting cloud host operators’ revenue, ATH’s maximum supply will always remain at 42 billion tokens. As more computing power nodes go online in the future, all relevant revenue will be included in this public, daily-auditable burn mechanism.

According to Bitget's market data, WTI crude oil rose more than 1% intraday, now at $87.35 per barrel. Brent crude oil gained 1.6% on the day, currently quoted at $93.52 per barrel.

Beating AI News Flash: Cursor is upgrading its Projects feature, launched this September, to a multi-user collaborative version called Team Projects. Previously, a single user could manage multiple coding agents via a lead agent to develop features and fix bugs simultaneously. Now, team members can join the same Project: each retains their own lead agent and execution agent, but all share a single task board and project repository. The task board displays who is responsible for what, which tasks agents are handling, and their corresponding GitHub PRs. The repository stores requirement documents, design drafts, technical solutions, and project decisions. A solution agreed upon in a chat by one member is accessible to other members’ agents, eliminating repeated context explanations. Lead agents of different members can also communicate directly. For example, if one member’s agent is modifying database fields and another’s is preparing to develop a feature dependent on those fields, both can exchange plans in advance to agree on modification order, reducing code merging conflicts. Cursor also shared an internal shift handover case: after an engineer’s shift change, the incoming agent already has access to unfinished tasks, pending bugs, and follow-up messages, and ongoing work can be directly handed over to the new agent. In October, a developer complained on the Cursor forum that they could only view their personal agent’s task board and had to ask colleagues individually to check their agents’ work. The new Team Projects version has added these sharing and coordination features. Currently, the multi-user collaboration feature is rolling out gradually, requiring a Cursor team account, a Cloud Agents-supported plan, and version 3.26.13 or later. Each member’s agent usage remains billed separately.

According to market data from BIT Stock Platform, NVIDIA (NVDA.O)’s pre-market gain in U.S. trading has expanded to 5%. The chipmaker’s stock had fallen by a cumulative 9.5% over the previous two trading sessions.

CryptoQuant analyst Darkfost stated in a post that BTC has been in a continuous distribution phase since October, with its price correcting by roughly 15%. After short-term holders (STHs) took profits, losing trades now dominate. Over the past 24 hours, STHs transferred 48,500 BTC to trading platforms, 47,300 of which were moved at a loss. This is one of the largest capitulation sell-offs by short-term holders in recent months.

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.