Coinbase will list Plasma (XPL)

Xiao Feng, Chairman and CEO of HashKey Group, delivered a speech at the 2026 Citi China Summit, noting that "financial digitalization" in the internet era mainly uses digital technology to boost financial efficiency. Entering the AI era, AI Tokens enable intelligent value to be measured, traded, and invested, while AI Agents and robots have begun to use currency autonomously, requiring the financial system to further upgrade from "financial digitalization" to "digital financialization". Citing data, Xiao Feng said that the AI payment protocol x402 on a compliant overseas public chain has recorded around 138 million total payments over the past 12 months, with 87% of the payment amounts ranging from $0.01 to $0.1. He argued that the high-frequency micro-payment demands brought by AI Agents and robots are difficult to be supported by traditional bank accounts and clearing systems, and the proportion of AI Agents and robots among financial institution clients may continue to rise in the future. Regarding infrastructure, Xiao Feng pointed out that the global financial system is accelerating the tokenization of deposits, stablecoins, and assets. When both the funding side and the asset side achieve tokenization, a complete on-chain financial closed loop is expected to form, enabling "transaction-as-settlement" and all-weather trading. In addition, HashKey Exchange is exploring potential cooperation with Citibank in areas such as custody, tokenized deposits, and fund clearing and settlement.

According to TradingBeats monitoring, between 18:00 (Beijing time) last night and 11:52 today, 24 addresses on Hyperliquid each had BTC long positions liquidated exceeding $1 million — all long positions. Total liquidation volume reached approximately $159 million, with corresponding liquidation losses of around $14 million, excluding fees and funding rates. Among these, three whales each had individual liquidation sizes exceeding $10 million, totaling roughly $102 million, accounting for 64.2% of the total liquidation amount. The whale with address starting with 0x6046: $38.77 million worth of BTC long positions were liquidated, resulting in a $5.25 million loss. Around 21:00 last night, this address’s BTC long positions worth approximately $38.77 million were all forcibly liquidated in a short period, at an average execution price of $72,211. It currently holds no BTC positions. The whale with address starting with 0x01e2: liquidated across 17 consecutive rounds, with a total liquidation of $38.15 million. From last night to this morning, this address faced multiple rounds of forced liquidations, totaling a loss of about $1.862 million, at an average execution price of $71,125. It still holds BTC long positions worth roughly $850,000, with an unrealized loss of around $72,000 and an estimated liquidation price of $68,508. The whale with address starting with 0x5f91: $25.15 million worth of BTC long positions were forcibly liquidated this morning, leading to a $1.58 million loss. Around 10:00 today, this address’s large long positions were all liquidated within seconds, at an average execution price of $70,439. It currently holds no BTC positions. The remaining 21 addresses had a combined liquidation of about $56.97 million. Among them, addresses starting with 0x4a20, 0xa674, 0xd412, and 0x4669 had BTC long position liquidation sizes of approximately $8.19 million, $7.48 million, $7.4 million, and $5.06 million respectively.

Beating AI News: OpenAI privately signaled to U.S. members of Congress this week its support for three bills aimed at restricting China’s access to advanced AI chips and manufacturing equipment. This is not OpenAI’s first backing for chip controls on China. Last year, the company actively advocated limiting U.S. firms from selling high-end chips to China, but later stopped pushing for stricter measures in Congress. OpenAI executives have long feared that publicly supporting tighter chip exports to China would anger Jensen Huang and harm its partnership with NVIDIA. The two firms have a close relationship: NVIDIA not only supplies GPUs to OpenAI, but also supports the company’s data center construction via large financing guarantees. For his part, Huang has long lobbied Washington to ease restrictions on chip sales to China. Anthropic has taken a far more unambiguous stance. In September this year, the company directly withdrew from a tech industry association over its opposition to the group blocking chip control bills. Now, OpenAI has reversed course after a prior retreat. The three bills it backs would, respectively, strengthen chip tracking, restrict the supply of chip manufacturing equipment to China, and increase congressional review of sensitive chip export licenses. Jensen Huang resigned on November 12, a move that has weakened NVIDIA’s lobbying influence in Washington. Bipartisan members of Congress are working to include these restrictions in the year-end National Defense Authorization Act.

According to a WIRED report, some NVIDIA employees are urging the company’s board of directors to reconsider the possibility of Jensen Huang returning to the CEO position. A long-tenured engineer at the company previously posted on an internal feedback forum, asking the board to fully take employee input into account before making major decisions. The post has garnered over 1,600 comments, most of which support Huang’s reinstatement. One employee wrote, “If you believe in the company’s mission, let the real boss come back.” Another employee, via internal company email, demanded management disclose the investigation process into Huang’s departure, noting that supporting Huang does not mean excusing any individual’s mistakes, but rather that the company should treat the leader, who has made major contributions to NVIDIA’s development, fairly. The report points out that Huang’s sudden resignation shocked many employees. After the resignation announcement, around 20 NVIDIA employees posted on LinkedIn to express their support for him; no posts from NVIDIA employees in support of his resignation have been found to date. An unnamed employee said internal calls for Huang’s reinstatement are widespread, warning the company could face long-term repercussions after losing its founder’s leadership. Currently, NVIDIA’s board has appointed former CFO Colette Kress as interim CEO, and former Synopsys CEO Harvey Jones as board chair. Employees hope the board will further explain the reasons for Huang’s departure and release the relevant investigation results.

According to HTX market data, Bitcoin saw a short-term panic sell-off, breaking below $70,000 and then falling further below $69,000. It is currently trading at $69,358.54, with a 3.28% drop in the past 24 hours. Separately, Coinglass data shows that three long positions worth over $10 million were liquidated in the market in just 5 minutes. Two of these liquidations occurred on Binance, and one on Bybit. Total liquidations across the entire network hit $52.7155 million over the past 30 minutes, with 1,172 liquidation orders.

NVIDIA has updated its official website’s executive management profile page, with interim CEO Colette Kress listed first, while Jensen Huang was placed in the "Founder" section. Huang’s personal profile page was also revised, noting that he founded NVIDIA in 1993 and previously served as the company’s president, chief executive officer, and a board member.