U.S. President Donald Trump said he hoped to settle the Cuba issue before leaving office. According to Sina Finance, Trump made the remarks on the Hugh Hewitt Show and said the United States was watching Cuba “very closely.” Asked whether he would consider a weeklong military operation against Cuba, Trump replied, “I would certainly consider it. Yes.”

Private credit executives have told investors that the lending environment has never looked better, but they have been unable to take full advantage, Bloomberg reported.

Bill Simmons canceled his ChatGPT partnership after fans pushed back. OpenAI spent an estimated $11.2 million on podcast ads in the past three months, but some podcasters do not want to promote the technology, Bloomberg reported.

Russian presidential aide Yuri Ushakov said on the 12th that Russia was ready to immediately discuss proposals related to European security with the United States. According to Sina Finance, U.S. negotiators actively supported Vladimir Putin’s proposal for a humanitarian operation in Konstantinovka; Ushakov said Russia was ready to begin demining immediately and would invite journalists from Ukraine, the United States and other countries to take part. The parties are coordinating arrangements for what was described as the largest prisoner-of-war exchange to date. Putin met in Moscow that day with U.S. special envoy Witkoff and Jared Kushner, U.S. President Donald Trump’s son-in-law. The two-day trilateral talks among Russia, the United States and Ukraine ended in Abu Dhabi, the capital of the United Arab Emirates, on the 11th. The sides agreed to a large-scale exchange of prisoners but remained divided on ending the conflict, territorial disputes, security guarantees for Ukraine and Europe’s future security architecture.

Kremlin spokesman Dmitry Peskov said European countries were expressing a willingness to achieve peace while also saying they would deploy military forces in Ukraine. According to Sina Finance, citing China Media Group, Peskov said deploying European armed forces in Ukraine would mean the war continued on a larger scale. He also said Russia had received assurances that NATO would not expand eastward, but NATO had since expanded five or six times, making written guarantees on the issue necessary. Russian President Vladimir Putin said on the 12th, during a meeting with U.S. envoy Steve Witkoff and Jared Kushner, the U.S. president’s son-in-law, that Russia had never closed the door to dialogue with Europe and that Europe had ended the dialogue on its own initiative. Putin also said U.S. President Donald Trump had proposed an agreement to establish a new security system in Europe, but Brussels had rejected it.

Trafigura has built large long positions in London Metal Exchange (LME) aluminum futures, becoming a key participant in a historic market squeeze as LME inventories fall to their lowest level since 1990. According to Sina Finance, people familiar with the matter said Trafigura recently bought large volumes of LME aluminum contracts mainly to obtain physical metal. LME data show that several large long positions are concentrated in nearby aluminum contracts ahead of the November benchmark contract’s expiration next Wednesday, November 18. Their combined size exceeds the exchange’s entire current aluminum inventory of 226,350 tonnes, although the positions are not historically large in absolute terms. The inventory level is the lowest since 1990. The combination of large nearby positions and falling inventories has driven one of the most severe physical supply squeezes in decades, with spot and nearby contract prices well above deferred futures. The spread between the contracts eased slightly on Thursday but remained at a historic high. The LME said it has mechanisms to prevent large or dominant positions from unduly affecting the market. It regularly requests more detailed position-management information from market participants and can require traders to take appropriate steps to manage their positions. A Trafigura spokesperson declined to comment on the company’s aluminum-market positions.

Jared Kushner, U.S. President Donald Trump's son-in-law, said on the 12th before leaving Russia that multilateral talks on the Russia-Ukraine conflict would take place next week. He said all matters discussed by U.S. negotiators during their meeting with Vladimir Putin would affect the upcoming talks, but did not specify their timing, location or participants. According to Sina Finance, U.S. presidential envoy Steve Witkoff said European countries would participate in the next round of multilateral talks. On the 12th, Russian President Vladimir Putin met with visiting U.S. envoy Witkoff and Kushner. During the meeting, Witkoff said Trump had asked him to tell Putin that “it is crucial to end the conflict in Ukraine as soon as possible.” Witkoff said he hoped the meeting with Putin would lead to a new round of talks involving European representatives. Kushner said he hoped to discuss ways and opportunities to end the conflict, and European parties had expressed willingness to participate in talks and end the conflict.

President Luiz Inácio Lula da Silva’s government is preparing additional budget measures to improve fiscal results next year and shore up public finances amid investor concerns about rising public debt, according to a person familiar with the discussions, Bloomberg reported.

Kalshi is in talks with investors to raise capital at a $65 billion valuation, weeks after finalizing funding at a $40 billion valuation, Bloomberg reported, citing people familiar with the matter.

Jensen Huang faces the risk of being removed from his post by the board due to a governance crisis, Nvidia's market value has evaporated by about $600 billion, and the AI ​​supply chain and on-chain market are under pressure.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

MSCI removed Strategy and Metaplanet from its index, effective after the market closed on November 30, resulting in passive selling pressure of approximately $1.59 billion. The real impact was felt in the funding flywheel.

The supply of stablecoins shrank by $14.2 billion in 30 days, the fastest contraction since June 2022, and the 200-day moving average of Bitcoin has become the last psychological defense line for the bulls.

A Menlo Ventures report shows that 89% of US corporate spending on open source models goes to Chinese companies, with Kimi accounting for 61% of that, indicating that open source is redefining the forefront.

In his internal speech at Tencent's 28th anniversary Linktime, Ma Huateng bluntly stated that the organization must adapt to the new battlefield of AI: half of the people should guard the core business, and the other half should join the new battle. They can no longer be leisurely and feel safe.

Jensen Huang's extramarital affair with his direct subordinate crossed the compliance red line for multinational corporations, and the precedents of the former CEOs of Intel and McDonald's have already shown the price to pay.

Removing Jensen Huang only requires 6 votes from the board of directors, but there is no successor among Nvidia's 33 direct subordinates. The action is fast but the structure is slow, and the market only prices the action.

Jensen Huang has been exposed for his second extramarital affair, and Nvidia's board of directors is preparing to remove him from his position. Elon Musk, Tim Sweeney, and other big names have publicly called for the shareholders to decide his future after the investigation is completed.

1KX Blockchain Revenue Report: Structural Restructuring at the $100 Billion Mark (Golden Finance) - Blockchain Revenue, its Drivers and Sources, Industry Trends and Valuation Impact