Hong Kong stocks open, with the Hang Seng Index down 0.57% at opening.

Beating AI News: World Labs, founded by Fei-Fei Li, announced that its world model Atlas is now fully open to all users. Previously, Atlas was only available to invited testers; now regular users can create and edit virtual worlds via web tools, while developers can integrate the model through its API. The Viewfinder tool lets users upload one or more images, prompting Atlas to fill in the space outside the uploaded visuals, then freely adjust camera positions to generate perspective-specific images and videos. Another tool, Chisel, allows users to build simple 3D scenes, adjust room layouts and object positions, and have AI generate visuals based on those structures. Generated outputs can be saved as 3D Gaussian Splatting scenes, further converted to 3D mesh models with actual geometric structures, and imported into software like Blender and game engines for further use. World Labs has also opened related APIs, enabling developers to integrate scene generation, video production, and 3D reconstruction capabilities into their own products. Atlas launched in September this year, and last week the company rolled out Frameboy, a tool for real-time exploration of virtual worlds. At that time, the public version only allowed users to experience pre-made official scenes; creating custom scenes still required applying for Viewfinder test access. Now Viewfinder is also officially open: users can upload their own assets to build virtual worlds, then explore them in real time via Frameboy.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the recent two-day crypto market crash has narrowed Justin Sun's unrealized profit on his PEPE holdings to $5.048 million, down from a peak of $18.55 million. Since October 17, Justin Sun has withdrawn a total of 11.8 trillion PEPE tokens from trading platforms, valued at $48.76 million, with an average cost price of $0.000004114.

Renowned investor Duan Yongping posted that Jensen Huang’s departure may be the final decision of NVIDIA’s board of directors. It will not impact NVIDIA’s business in the short term, but whether the company can sustain its competitive edge in the coming years hinges on finding a suitable successor CEO. Huang is hardworking and has a forward-looking view on AI industry development, making it challenging to find a successor with both traits. NVIDIA’s business model is highly dependent on an excellent management team; if it fails to maintain the team’s capabilities and execution, the company’s competitiveness may be affected over the next 3 to 5 years. However, the AI industry remains in its early development stage and is expected to retain strong growth momentum over the next decade. As for whether Huang may return in the future, Duan noted that if the reasons for his departure persist, Huang will most likely not retake the CEO role. That said, NVIDIA may consider appointing him to roles like advisor, allowing him to continue exerting influence in a "shadow CEO" capacity without formal duties such as signing official documents. No clear conclusion on the relevant arrangements is likely before the hearing wraps up, and the final outcome will likely take some time to emerge.

The U.S. Department of Justice (DOJ) said it has partnered with two of the world’s largest stablecoin issuers to recover nearly half of the funds stolen in the Binance hack. Hackers siphoned more than $6 billion in assets from the Binance cryptocurrency exchange in the attack. The DOJ has obtained court authorization to seize or restrict $1.2 billion of the $2.7 billion frozen by Tether and Circle Internet Group immediately after the October 29 breach. Investigators are still tracking the remaining funds. The Federal Bureau of Investigation (FBI) has identified the hacking group as "TraderTraitor", which is currently attempting to transfer and launder the stolen assets via cross-chain bridges, mixers, and cryptocurrency exchanges.

According to an official announcement, Coinbase has announced that spot trading for Pearl (PEARL) will launch on November 13, 2026.

According to on-chain data, the NVIDIA (NVDA) perpetual contract launched by Trade.xyz on Hyperliquid hit a record high daily trading volume of $2.14 billion on its first anniversary. The contract went live on November 12, 2025, initially supporting up to 10x leverage. As of now, its year-to-date cumulative trading volume has exceeded $19 billion.