On Thursday, the White House formally submitted a bipartisan slate of nominees for the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to the Senate for approval. According to Sina Finance, the move comes as the Republican Party of U.S. President Donald Trump is set to lose control of the Senate in January after its losses in last week's midterm elections. Democrat Kristin Johnson was nominated as an SEC commissioner, with a term ending in 2029. She previously served as a CFTC commissioner, appointed by then-President Joe Biden. Republican Steven Levine was also nominated as an SEC commissioner, with a term ending in 2030. Democrat Matthew Rowland was nominated to fill a CFTC commissioner vacancy for the remainder of a term ending in 2028. Republican Nathan Anonick was also nominated as a CFTC commissioner, with a term ending in 2031. CFTC Chair Mike Selig, selected by Trump and confirmed by the Senate in 2025, said in a post on X that Rowland and Anonick were “two strong bipartisan picks” and that he looked forward to working with them.

A new study found that extreme one-minute price swings have become a routine symptom of liquidity stress in Hong Kong’s $7 trillion equity market, occurring far more often than a standard model predicts, according to Bloomberg.

According to ChainCatcher citing Bitcoin Magazine, Jane Street Group increased its Strategy (MSTR) holdings by 53.8% in the third quarter to 4,119,097 shares, according to a 13F filing submitted Thursday. The position was up 1,441,475 shares from 2,677,622 as of June 30, with holdings reported as of September 30. The filing also listed call options covering 13,573,000 Strategy shares, valued at $2.08 billion, and put options covering 13,991,800 shares, valued at $2.14 billion. Both positions covered more than three times Jane Street’s common-share holdings. The filing does not specify how much of the stock position may hedge options or market-making activity. Among large Strategy holders, Jane Street reported the biggest increase. Capital International Investors raised its stake 4.5% to 36,467,109 shares, while Invesco increased its holdings 10.9% to 10,362,698 shares. Renaissance Technologies cut its stake 41% to 1,515,560 shares and exited its previously reported spot Bitcoin ETF holdings. The reported positions predate MSCI’s decision to remove Strategy from its U.S. indexes, which will require index funds to sell by November 30.

Chris McGuire said Congress could have prevented Megaspeed access and argued that the central question for export controls is whether they are enforced, not whether they can work, according to Bloomberg. McGuire, a senior fellow for China and emerging technologies at the Council on Foreign Relations and a former Biden administration technology and national security official, spoke with Romaine Bostick and Jess Menton on “The Close.”

Above-forecast U.S. inflation and weak existing-home sales have renewed concerns that interest rates may stay high for longer. According to Sina Finance, Bank of America's trading desk said hedge funds previously forced to close short positions during the stock-market rebound are rebuilding bets against rate-sensitive stocks. Traders said the shift could mark the start of a new wave of short selling. John Egan, Bank of America's head of global short analysis and tactical solutions, said heavily shorted stocks had underperformed the broader market, creating an opening for investors to rebuild short positions. From mid-August to mid-October this year, some U.S. stock sectors came under pressure after the Federal Reserve sent hawkish signals at the Jackson Hole economic symposium and rising oil prices intensified inflation concerns. Heavily shorted consumer discretionary stocks fell an average of 16.5% over those two months. From mid-October to the first week of November, however, those stocks rebounded about 20%, prompting short sellers to take profits. The covering developed into a short squeeze, with investors buying shares to close positions and pushing prices higher. Some stocks returned to levels seen when short positions were first established in August. The U.S. Consumer Price Index released Tuesday evening (UTC+8) exceeded market expectations, while existing-home sales were weak. On the CPI release day, heavily shorted consumer discretionary stocks fell an average of 2.28%, compared with a 0.38% decline in the S&P 500. Bank of America said renewed short positions do not necessarily indicate a broad bearish turn. Some hedge funds are shorting companies exposed to high borrowing costs and weaker consumer demand while allocating funds to technology stocks. Egan said investors may rebuild short positions they had previously closed and may also buy stocks sold off during the broader market pullback.

Malaysia’s Zetrix AI Bhd. has lost more than 90% of its market value, is mired in debt and risks defaulting on its Islamic bonds, according to Bloomberg. Earlier this year, the company was preparing to list its artificial intelligence unit on Nasdaq and had built an AI avatar of Prime Minister Anwar Ibrahim.

According to CNBC, Nscale released updated paperwork for a planned U.S. IPO on Thursday, reporting a third-quarter net loss of $1.69 billion on revenue of $307.5 million, up 1,344% year over year. The loss widened from $1.02 billion in the second quarter, when revenue was $140.6 million, up 1,252%. Nscale filed to go public in September and has not specified how much it plans to raise in the offering on the New York Stock Exchange.

Flinn Artificial Intelligence Technology LLC (Flinn AI) filed two complaints in the U.S. District Court for the District of Delaware, accusing Anthropic PBC and OpenAI OpCo of infringing five patents held by co-inventors Steven Flinn and Naomi Moneypenny. According to Sina Finance, the complaints say the patent applications, filed in late 2015 and early 2016, sought to protect attention-based neural network technology that now underpins key functions of modern generative AI systems. The complaint against Anthropic focuses mainly on its Claude language models and alleges ongoing infringement as the company releases more advanced versions; it says Claude models and related products offer attention-based reasoning, retrieval, memory, agentic, and multimodal features that infringe the patents. The complaint against OpenAI makes similar allegations, saying the alleged infringement has expanded as its models have become more advanced. Flinn also founded ManyWorlds Inc., which Moneypenny later joined. Earlier this year, a similarly named company, Many Worlds 2T Innovations LLC, sued OpenAI and Spotify over separate content-recommendation patents held by Flinn and Moneypenny.

According to Jin10, holdings in the world's largest gold ETF, SPDR Gold Trust, fell by 0.38 tonnes from the previous day to 1,040.703 tonnes.

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