Ethena Launches Ethena Pay, Boasting 5% Cashback and 6% USD Savings Yield

According to Crypto Briefing, Dubai-based investment firm Cequire Capital plans to deploy $100 million of its own capital into early-stage web3 companies and liquid digital assets. The firm said on the 10th that the three-year fund will be allocated to five sectors: stablecoins and stablechains, AI and autonomous agent payments, tokenized real-world assets, privacy technology, and post-quantum security. Cequire Capital intends to allocate 60% of the capital to venture investments, 30% to liquid assets, and 10% to co-investments, leading or co-leading pre-seed and seed rounds, with individual deal sizes ranging from $500,000 to $2 million. The firm added that the first $50 million is already deployable, with full allocation expected by the end of next quarter. Founded in 2024, Cequire Capital describes itself as a private investment management firm. It has partnered with family offices in the Gulf region and Southeast Asia, and has invested over $50 million in more than 20 web3 projects including Wyscale and TX24. Managing partner Salman Parcy noted that using its own capital eliminates reliance on fundraising cycles or external limited partners, adding that some of the best investment opportunities arise when the market is less crowded, enabling the firm to collaborate more selectively with early-stage founders and deploy capital on a longer-term basis.

According to an official announcement, Binance Wallet will cease support for the Blast blockchain starting at 18:00 (GMT+8) on November 30, 2026. After this time, users will no longer be able to view, send, or receive assets on the Blast chain within Binance Wallet. This change only impacts the display and management of relevant assets in Binance Wallet; users can still claim assets via the official Blast website. The announcement notes that the Blast blockchain has been shut down, and asset balances displayed in Binance Wallet may not align with actual figures, so users are advised to refer to the official Blast website for accurate information. Binance recommends users manage or transfer relevant assets before the aforementioned time; after support is discontinued, users can still continue claiming assets as long as the Blast Fund Recovery function on the official website remains operational. This update does not affect other blockchains supported by Binance Wallet.

According to a post by MTS, OpenAI’s artificial intelligence model has proven half of one of the million-dollar Millennium Prize Problems in physics, with support from a review panel led by a Nobel Prize laureate. MTS identifies the problem as the Yang-Mills problem. OpenAI first unveiled the proof on October 26, noting its model completed the work in September. Per MTS, the review panel is chaired by Nobel Prize winner David Gross, and includes Arthur Jaffe, who co-authored the official description of the Millennium Prize Problem. The proof has also been formalized in Lean, a computer language enabling line-by-line verification. The Yang-Mills problem is one of the seven Millennium Prize Problems established in 2000, each carrying a $1 million reward; to date, the only solved problem was completed by Grigori Perelman, who declined to accept the prize. MTS points out that to win the award, a mass gap proof is still required, alongside compliance with the Clay Mathematics Institute’s rules on publication and a two-year validation period. X user Theo Jaffee noted that physicists have been able to work with quantum field theory and quantum Yang-Mills theory empirically, but have long lacked a mathematical formalization explaining why these theories are valid.

US brokerage Baird has downgraded Nvidia’s stock rating from “Outperform” to “Neutral,” slashing its price target by 60% from $500 to $200. The move has drawn attention on Wall Street, as Nvidia has long been favored by the vast majority of analysts, making this downgrade a relatively rare bearish signal. Baird analyst Tristan Gerra outlined the key reasons for the cut in a report: · AI spending growth may slow: Hyperscalers’ AI capital expenditure growth is projected to drop to around 40% or lower by 2027, driven primarily by supply constraints, with early signs of softening demand already emerging. · Risks of China export restrictions: Concerns over potential further U.S. curbs on chip exports to China. Analysts note that if H200 chips are banned from being exported to China, related inventory in Asian warehouses could face an impairment risk of up to $5 billion; additionally, roughly 10% to 30% of orders through Southeast Asian channels may be canceled due to anticipated restrictions. · Leadership uncertainty: CEO Jensen Huang’s tenure faces uncertainty amid an investigation into his alleged extramarital affair and suspected national security issues. Baird estimates the likelihood of a CEO transition before 2027 is rising, with an external candidate seen as the more likely successor. The report also notes visibility into Nvidia’s data center business by 2027 has declined, with supply constraints remaining a key headwind, though H300 series chips are still in high demand. Analysts project Nvidia’s stock will likely trade in a range in the near term until the investigation outcomes, policy impacts, and financial effects become clear.

According to Lookonchain monitoring, the whale that previously held heavy long positions in NVIDIA (NVDA) and SNDK has closed out its SNDK long positions and shifted to full-scale long positions in NVIDIA. The whale currently holds 190,952 long shares of NVIDIA, valued at $30.67 million, with an unrealized loss exceeding $2.6 million.

China’s largest flash memory manufacturer Yangtze Memory Technologies (YMTC) was reported last week to possibly delay its listing, though the company remains on track with its initial public offering (IPO) plan, initially targeting a debut on the Shanghai Stock Exchange’s STAR Market as early as the first quarter of next year. Citing people familiar with the matter, Bloomberg reported on Wednesday (November 11) that Wuhan-based YMTC is still advancing its listing plan, aiming for an earliest launch on the STAR Market in the first quarter of 2027. Earlier, Reuters had cited an internal memo and insiders on November 4 that YMTC’s listing plan could be delayed by several months, with an expected debut in the first half of next year, the specific timing of which would depend on market conditions. However, the latest Bloomberg update shows relevant work is still ongoing. YMTC entered the next stage of the listing review process in September this year, with plans to raise 33 billion yuan (approximately 6.3 billion Singapore dollars). The Shanghai Stock Exchange sent its first-round review inquiry to the company in early September, officially kicking off the listing review procedure.