Hyperliquid’s Q3 protocol revenue reached $191 million, up 21.7% quarter-over-quarter.

According to a U.S. Department of Justice (DOJ) announcement, U.S. law enforcement agencies on local time November 12 unveiled two actions targeting North Korea-linked cryptocurrency theft operations: seizing cloud infrastructure used in the "FaceStealer" attack campaign, and in a separate Binance theft case, U.S. government and private partners have collectively frozen over $2.7 billion in involved assets, with more than $1.2 billion authorized by courts for seizure or transfer restrictions. FaceStealer has caused over $400 million in losses over the past 18 months. The FBI said the group uses video conferencing and deepfake videos to impersonate contacts trusted by targets or prominent crypto industry figures, luring victims to install malware. Beyond crypto holders and Web3 workers, attackers are increasingly targeting open-source software developers and maintainers to gain access to their devices and code repositories. Acting on federal search warrants, the FBI seized more than 900 victim camera recordings and issued prevention and response guidelines. On the Binance theft case: The over $1.2 billion forms part of the frozen assets. The DOJ stated that around October 29, the North Korean military-linked hacker group dubbed "TraderTraitor" by the FBI stole over $6 billion in crypto assets from Binance. Following the incident, law enforcement agencies including the DOJ and FBI collaborated with virtual asset service providers to freeze a portion of the stolen funds. The DOJ added that tracking, freezing, seizure and forfeiture procedures are ongoing, and the frozen amount does not equal the total to be returned to victims.

According to CNN, sources close to U.S. Vice President Vance have revealed that following last week’s disastrous midterm elections, Vance has seriously considered not running for president in 2028. Though Vance has not yet made a final decision, interviews with roughly a dozen of his allies and advisors show the vice president is grappling with his political ambitions, the collapse of the MAGA coalition, and his responsibilities as a father. They describe Vance as firmly committed to rebuilding the movement that won in 2024, but uncertain whether he should lead it. "I wouldn’t be surprised by any decision he makes," one source said. "He’s only 42. He’s young, and if the current political climate makes success impossible, he’s fully capable of bouncing back. It’s just not his time right now." Vance was widely viewed as a frontrunner for the 2028 presidential nomination, but he has not set a timeline for the decision, and a White House run remains firmly on the table. Some allies insist he is more likely to run than not.

Former Coinbase CTO and angel investor Balaji Srinivasan has called on NVIDIA’s employees, shareholders, partners and customers to submit demands to the company’s board of directors, urging the reinstatement of Jensen Huang as CEO and the resignation of the directors he accuses of pushing Huang to step down. Srinivasan questioned the national security allegations against Huang, arguing that if the claims are unsubstantiated, stakeholders hold sufficient influence to prompt the board to reconsider its decision. He noted that Huang’s return would better serve NVIDIA’s long-term value and is critical to the development of open-weight AI models. Citing OpenAI’s earlier management shakeup as a precedent, Srinivasan suggested first verifying the voting records of individual directors before pushing the board to reverse its call. He also warned that if the board does not shift its stance, it could face mass employee resignations, or lawsuits from shareholders, partners and customers alleging breach of fiduciary duty. Srinivasan emphasized that these are potential scenarios he outlined, not actions that have yet materialized.

Anthropic’s status page shows that after investigating authentication issues encountered by users logging into Claude.ai and Claude Code, the company has deployed a fix and is currently monitoring system recovery.

According to an official announcement, Binance will release adjustments to the USDT-denominated ANTHROPICUSDT Pre-IPO perpetual contract ahead of Anthropic’s official listing. Specific adjustment timelines and details will be announced separately. Until the new announcement is released, the contract will remain priced based on an estimated 1 billion shares. Per the S-1/A-2 filing submitted by Anthropic, the share count is expected to be adjusted to 13,116,075,288 shares. The ANTHROPICUSDT Pre-IPO perpetual contract’s underlying asset is the price of one common share of Anthropic, PBC (hereafter referred to as Anthropic). The share count is calculated based on the number of issued and outstanding common shares. Outstanding unexercised options, unsettled restricted stock units (RSUs), convertible securities not yet converted into common shares, shares issuable under the underwriter’s over-allotment option, and shares reserved for future ungranted issuance under equity incentive plans are not classified as common shares and thus excluded from the calculation.

Serenity stated in a post that Jensen Huang is irreplaceable for Nvidia. He noted that Nvidia’s existing product roadmap, business commitments, and revenue foundation remain intact, and as long as AI demand persists, the new management can still drive growth in its core business. However, he questioned whether a successor could match Huang’s ability to mobilize hundreds of billions of dollars in capital for next-generation technologies, secure supply chain commitments, and sustain an approximate 70% year-over-year growth rate amid capacity constraints. Serenity projected that the expansion of Nvidia’s ecosystem may slow down. For new projects beyond its current architecture, a successor may not be willing to make the same level of commitments to emerging cloud service providers and supply chain partners in Taiwan, South Korea, and Japan. He also forecast that the new CEO may be more inclined to align with Washington’s restrictions on China’s access to GPUs and reduce support for open-weight models, a move that would benefit firms like OpenAI and Anthropic. He is also more cautious about Nvidia’s ability to maintain its competitive advantage over AMD, Broadcom, and major cloud service providers. Serenity emphasized that he remains bullish on the AI industry, adding that sectors such as optical communications and memory chips are still expected to outperform the broader market. What he has downgraded is his confidence in Nvidia’s next phase of growth beyond its current product roadmap, not his outlook on the entire AI sector.