The Korea Financial Investment Association challenged record fines against government bond dealers, warning they could disrupt South Korea’s $1 trillion sovereign bond market. According to Sina Finance, the association said Wednesday evening that it deeply regretted the Fair Trade Commission’s decision and that suspending or revoking primary-dealer status could severely impede government bond issuance. The association, which represents securities firms, asset managers and other investment institutions, plans to file an administrative lawsuit and pursue other legal proceedings. South Korea’s antitrust regulator fined more than a dozen local banks and securities firms a record 1.63 trillion won ($1.2 billion) on Wednesday for allegedly colluding in government bond auctions. KB Securities received the largest fine, at 332.2 billion won, followed by NH Investment & Securities and Mirae Asset Securities. Primary dealers are banks and securities firms designated by the Ministry of Economy and Finance to participate directly in government bond auctions. The ministry said it and the Fair Trade Commission shared the position that primary dealers involved in collusion should be penalized. NICE Investors Service said the ruling’s effect on the credit ratings of the financial institutions involved is expected to be limited. As of the end of June 2026, the fines represented about 0.3% to 4.2% of securities firms’ net assets and a negligible share for banks.

According to ChainCatcher, IBM announced its next-generation superconducting processor, IBM Quantum Nighthawk R3, designed to accurately execute 10,000 quantum operations across 520 programmable qubits. The processor contains 2,034 physical qubits, retains the square-lattice connectivity and fast-operation architecture of Nighthawk R2, and adds 10 chip-to-chip interconnects called l-couplers. IBM plans to connect two Nighthawk R3 processors into a single 1,040-qubit system in 2027. Nighthawk R2, which is already in use, has 120 programmable qubits, 218 couplers and 120 reset elements. It can run more than 100,000 circuits per second, with throughput about 25 times that of Heron. Partner workloads have run up to 19 times faster, while E.ON reported a 15-fold speedup. IBM previously used four l-couplers to connect two Nighthawk R1 processors, achieving quantum-state transfer fidelity of up to 99.3% and an average of 99%. The two connected cryogenic modules cooled to below 15 millikelvins within five days.

AI inference startups that rent cloud computing capacity and resell it to customers are beginning to buy chips themselves as compute becomes harder to secure. According to Sina Finance, citing The Information, the shift could change these companies’ cost structures, while reliance on smaller cloud providers has also exposed them to security risks. A cyberattack on Fireworks was reportedly traced to weak security at a small cloud provider, prompting some customers to consider switching providers. Fireworks said its annualized revenue exceeded $1 billion in July, five times the year-earlier level, and its latest valuation is $17.5 billion. CoreWeave reportedly decided earlier this year to stop selling computing capacity to Baseten after launching its own inference service in March, although a person close to Baseten disputed that CoreWeave had reduced its supply. DigitalOcean CEO Paddy Srinivasan said the company prioritizes customers with end-user demand over firms that resell computing capacity. Modal added 30 neocloud partners over the past year after struggling to obtain the desired quantity and pricing of Nvidia Blackwell chips from larger cloud providers. Fal has begun buying Nvidia chips for deployment in leased data centers and raised $1.65 billion earlier this month to expand computing capacity, including GPU purchases and AWS data center rentals. Together plans to have 250 megawatts of capacity in its own data centers by the end of 2026, while Baseten also plans to buy Nvidia GPUs for facilities it operates. Fireworks, by contrast, has told investors it does not currently plan to buy hardware, arguing that its software is its differentiator. Modal has discussed buying more hardware but CEO Erik Bernhardsson said the company sees software, not hardware ownership, as its main source of value.

South Korea's Financial Services Commission and Financial Supervisory Service said rumors that additional measures for the KOSDAQ market would be announced on November 13 were completely false. According to Sina Finance, the regulators said spreading baseless rumors may constitute unfair trading under the Capital Markets Act and that authorities would take serious action if violations were found. They urged investors not to make investment decisions based on unverified rumors and to confirm policies through official announcements. The KOSDAQ Index continued to decline after the statement.

U.S. presidential envoy Steve Witkoff and Jared Kushner, U.S. President Donald Trump’s son-in-law, arrived in Moscow on Thursday morning and planned to meet Russian President Vladimir Putin. According to Sina Finance, the envoys were expected to travel to Dublin later Thursday to meet Ukrainian President Volodymyr Zelensky. Kirill Dmitriev, CEO of the Russian Direct Investment Fund, welcomed Witkoff and Kushner at the Moscow airport. Dmitriev has been involved in efforts to improve U.S.-Russia relations since Trump returned to the White House in January 2025. The two days of trilateral talks in Abu Dhabi were the first since February and did not produce a major diplomatic breakthrough. Delegations said they agreed on a new prisoner exchange, which Kushner called the largest since the conflict began, and discussed Ukraine’s security guarantees and broader European security arrangements.

On Nov 12, 2026, 09:22 AM(UTC). According to Binance Market Data, BNB has dropped below 670 USDT and is now trading at 669.880005 USDT, with a narrowed 1.52% decrease in 24 hours.

Dubai tycoon Hussain Sajwani expects his investments in artificial intelligence firms, including Anthropic, to generate billions in returns, Bloomberg reported.

According to Jin10, AMD (AMD.O) rose 3.3% in premarket trading, while Broadcom (AVGO.O) gained 2.6%.

Bitcoin retreated Thursday as renewed unease over technology stocks weighed on risk appetite. According to Bloomberg, persistent withdrawals from US spot exchange-traded funds also added pressure.

A Singapore-based company that became Nvidia's largest AI chip buyer in Southeast Asia within three years is now at the center of questions over how Chinese companies continued accessing the US chipmaker's advanced computing hardware despite Washington's export restrictions.

MegaETH has invested $30 million in AI inference, attempting to make the AI ​​provided by different service providers verifiable, and then turn the AI ​​usage into tradable contracts.

PSB Bank has asked a Russian court to declare BitRiver founder Igor Runets bankrupt over unpaid debts of more than 770 million rubles (about $9.3 million), linked to a loan he guaranteed for a group subsidiary that defaulted. Runets is already in custody on tax evasion and fraud charges, and several BitRiver companies are facing bankruptcy proceedings of their own.

From MEXC to Binance and OKX, the United States is using law enforcement, investment, and dollar-denominated stablecoins to bring global cryptocurrency exchanges more deeply into its financial regulatory framework.

Jensen Huang has once again been exposed for having an extramarital affair with a direct subordinate. On Polymarket, the probability of his departure once surged to 88%. Analysts estimate that if he leaves, Nvidia's valuation may shrink by $1 trillion to $1.2 trillion.

Solana's push to establish a stronger presence in China is facing growing regulatory scrutiny, with the country's central bank preparing an investigation into the blockchain network's activities and its connections with local businesses.

Strategy stated last year that being excluded from the MSCI Global Standard Index would result in the liquidation of $2.8 billion worth of its shares and would "hit" the entire industry.

OPay halted its IPO on the eve of its listing. The prospectus revealed that more than half of its revenue in the first half of 2026 came from lending, with $979 million in deposits tied up in a microloan license, and payments being just the entry point.

US regulators have warned Kalshi it could face charges over how it notified them about dozens of new products, which the firm calls a procedural error. Separately, a rival group is suing the CFTC to stop single stock perpetual futures, with the SEC backing the regulator and due to decide by 31 December.

Nvidia, Jensen Huang, Artificial Intelligence: The world is speculating about Huang's future. Tim Cook is rumored to be a potential successor. Golden Finance: The turmoil continues.