Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

On November 7th, as per official information, Beep, the first smart wallet and financial protocol within the Sui ecosystem, has commenced public testing. Beep offers the first native smart and stablecoin payment platform where AI smart agents can create, authorize, and settle payments globally at lightning-fast millisecond speeds without any cost. Developers will promptly gain access to six major top-tier basic AI models, such as Gemini, GPT-5, Claude, Grok, Qwen, and DeepSeek. This grants them access to features like smart payments, a smart Treasury (a first in the Sui ecosystem), and the a402 protocol. Users can experience Beep's conversational user interface, have the ability to execute transactions using different models simultaneously, optimize Treasury yields, or carry out cross-border payments, all of which are settled instantly in USDC with zero fees. As the first smart wallet on Sui, Beep closely integrates the world's most powerful basic models with the world's fastest and

On November 7th, according to the Ark Invest Tracker, yesterday Cathie Wood's Ark Invest added to its holdings of 215,709 shares of BitMine stock (amounting to approximately $8.06 million).

On November 7th, Shaun, the founder and CEO of ANT.FUN, stated at the Finternet 2025 Asia Digital Finance Summit sponsored by the OSL Group that stablecoins are anticipated to bring about the emergence of new financial applications. He characterized these applications as "three-dimensional species" and believed that their characteristic is the ability to obtain a higher Lifetime Value (LTV) from a single user. Shaun explained that traditional super apps are "two-dimensional," only concentrating on user time and installation volume, and their financial monetization capability is strictly limited by licenses and regions. However, the "Financial Super App" of Web3 will be "three-dimensional": supported by stablecoins, users can smoothly access all financial services such as consumption, transactions, financial management, and contracts within the same application, creating a Lifetime Value that traditional apps cannot achieve. Shaun stated that the era background of this transformation i

On November 7th, Binance officials declared that owing to a delay in the setup of the liquidity pool by the ELIZAOS project team, the scheduled trading start time for ELIZAOS (ELIZAOS) Alpha 2.0 on November 7, 2025, at 10:00 (UTC+8) has been postponed. The new launch time will be announced separately.

On November 7th, worries about a recent DeFi cascading liquidation giving rise to a further liquidity crisis have been spreading within the crypto community. On November 3rd, Stream Finance suddenly announced the suspension of deposits and withdrawals, bringing the storm sweeping through the DeFi world to its peak. One of its external fund managers was liquidated during the intense market volatility on October 11th, resulting in approximately $93 million in losses of fund assets. The entire DeFi ecosystem may be facing a systemic crisis with a Total Value Locked (TVL) of $8 billion, while only around $100 million in losses have been reported so far. The DeFi liquidity protocol Elixir has encountered a risk exposure of $68 million due to this incident. Meanwhile, the Morpho Cofounder responded to a part of the liquidity pool by stating that it has "insufficient liquidity" and emphasized that it is not a systemic vulnerability. Yield stablecoins have experienced the largest single-week

On November 7th, according to Stablewatch data, in the past week, the largest outflow of funds from yield stablecoins occurred since the 2022 Luna Flash Crash of UST, reaching a total of $1 billion. The fund assets of Stream Finance's xUSD directly suffered a loss of $93 million and reached zero. The TVL of Coinshift's csUSDL dropped by 95% and only $1.92 million remained. Elixir's stablecoins deUSD and sdeUSD simultaneously experienced a liquidity crisis.