AI / Large Models

Goldman Sachs Removes Claude Code from Bankers and Traders

Goldman Sachs has removed Claude Code from its trading and banking departments due to security concerns, tightening compliance boundaries for AI code tools in the financial industry.

Hot Debate: The community is debating whether this is a security review or a traditional investment bank's conservative instinct towards new tools.

Source: The State of AI | Hacker News

Llama-modchip Makes 284B Large Model Run on 64GB RAM

An open-source project uses Apple Silicon's unified memory to run DeepSeek 284B without a GPU, significantly lowering the hardware threshold for localizing large models.

> Hot Comment: In the future, the threshold for running large models won't be a graphics card, but whether you have a fully equipped MacBook and a heart that isn't afraid of fan noise.

Source: GitHub | Hacker News

ChatGPT Sued for Sending User Conversations to Meta and Google in Real Time

A collective lawsuit filed in May reveals that ChatGPT is accused of transmitting user conversations to third parties in real time, leading to significant sharing of privacy tool content.

Source: Manta Network

Cryptocurrency / Web3

Bitcoin Falls Below $74,000, $1 Billion Liquidated in 10 Minutes

BTC has fallen below $74,000, ETH below $2,125, and SOL below $90, leading to large-scale liquidations in a short period.

> Hot Comment: The crypto market's character test is back: Are you "buying the dip" or "panic selling"? The answer will become clear in minutes.

Source: Orderly Network | Polymarket

Binance CFO Resigns After $6.3 Billion Hacking Incident

Kaiser Ng has stepped down as CFO of Binance, succeeded by Justin Yek. Ars Technica reports the hackers spent months planning this heist.

Source: Ars Technica

INJ Launches on NASDAQ: First U.S. INJ ETF with Staking Goes Live

$INJC launched on NASDAQ, aiming to stake up to 90% of INJ and reinvest automatically. Injective also introduced an institutional channel for banks, and Bloomberg Terminal has included this ETF.

Source: Injective

Chips / Hardware

Nvidia Board Investigates Jensen Huang: Involvement in Foreign Intelligence Allegations

After Jensen Huang publicly admitted to an extramarital affair, the board initiated an investigation, as allegations arose linking him to Chinese intelligence departments. Nvidia's stock fell over 5% in pre-market trading, down 5.9% in Frankfurt.

> Hot Comment: The most expensive thing in Silicon Valley isn't chips; it's the CEO's private life.

Source: CNN | WSJ | TechCrunch

Nvidia's "Largest GPU Theft in History": $11.4 Million in Hardware Missing

The topic on Zhihu has ignited discussion, with the market interpreting it alongside Nvidia's recent stock fluctuations and Jensen Huang's personal controversy.

Source: Zhihu

Yale Scholar: Jensen Huang's Chances of Retaining Position Are About 50/50

Jeffrey Sonnenfeld believes Jensen Huang's status is in a delicate balance, and the investigation results will determine the stability of Nvidia's management.

Source: TechCrunch

Ministry of Foreign Affairs Responds to Rumors of 600,000 Nvidia Chips Sent to China via Hong Kong

Reuters reported that a large number of Nvidia high-end chips are waiting in Hong Kong to be shipped to the mainland; the Chinese side stated that its position is consistent and specific situations should be asked from relevant authorities.

Source: Jin10 Data

Shanghai Microelectronics' Next-Gen Lithography Machine Model Unveiled

Zhihu's heat reached 2.86 million, with discussions focusing on the core technological difficulties that still need to be overcome from model to mass production.

Source: Zhihu

U.S. Stocks

NASDAQ Plummets 5.5% in One Day, $2.5 Trillion in Market Value Vaporized

Tech stocks fell sharply, officially entering correction territory for NASDAQ, marking the largest single-day drop in 19 months. Nvidia and AMD led the decline, compounded by Jensen Huang's investigation and midterm election results.

Source: Crowdfund Insider

Robinhood Opens U.S. Stock IPO Subscriptions to UK Retail Investors

UK retail investors can now participate in U.S. IPOs, marking an important step for HOOD's international retail brokerage business.

Source: Robinhood | Cointelegraph

Finance / Macroeconomics

Three Oil Tankers Explode and Catch Fire in the Strait of Hormuz, Oil Smuggling Fully Blocked

Iran claims that three illegal tankers exploded and caught fire after hitting mines, asserting that "oil smuggling" in the Strait has been completely blocked. Oil prices and risk aversion sentiment are rising in tandem.

Source: FirstSquawk

Trump Launches "Iron Gate" Initiative, Blocking Extends to Land Transport

The U.S. blockade against Iran has expanded from the sea to land, with Trump stating "almost no supplies can enter or exit Iran." At the same time, he indicated that further striking Iran is "extremely unlikely" if negotiations progress.

Source: Polymarket | CBS News

Federal Reserve Officials Support Further Rate Hikes Collectively

Williams, Moussailem, and Daly all support continuing rate hikes, with December rate hike bets heating up and the Saudi oil tank attack further raising inflation expectations.

Source: Jin10 Data

New Products / New Trends

SpaceX Starship's 15th Test Flight Scheduled for November 13

This will be the first attempt to recover both the spacecraft and booster simultaneously, which, if successful, would be an important milestone for reusable space travel.

Source: Zhihu

Epic Games Launcher to Land on SteamOS

Epic teams up with SteamOS, enabling handheld gamers to play games from the Epic library without hassle in the future.

Source: The Verge

Hackers Exploit Both iOS and Android Vulnerabilities to Infect Phones

A cross-platform attack concurrently targets the two major mobile systems, advising users to update to the latest security patches as soon as possible.

Source: Ars Technica

Today's Underlying Message

Almost everything today revolves around one word: trust. Nvidia's board is investigating Jensen Huang due to a breach of trust between a CEO and the national security boundary of a chip giant; Goldman Sachs removed Claude Code because financial institutions do not have enough trust in the data boundaries of AI tools; Binance's CFO left after $6.3 billion was stolen because trust in the exchange's security capabilities needs to be repaired through personnel changes; and Bitcoin falling below $74,000 is the crypto market testing the trust threshold of all participants in a single verification.

The explosions of oil tankers in the Strait of Hormuz and the "Iron Gate" blockade, on a macro level, create another layer of trust crisis: when the world's most important energy channel is no longer safe, all risk assets—from NASDAQ to Bitcoin—will reprice uncertainty. The internal scandals in the tech industry, the leveraged liquidations in the crypto market, and the geopolitical energy panic—these three seemingly independent narratives are actually forcing investors to ask the same question: Can your risk exposure withstand a collapse of trust?