Morgan Stanley: AI stock sell-off looks overdone, and delays to data center rollouts could ease supply constraints and support pricing.

Singapore has launched gold custody services for overseas central banks and official institutions, targeting global demand for diversified gold reserve storage. The Monetary Authority of Singapore (MAS) said in a Tuesday statement that the gold will be stored in the national currency vault, which currently has a capacity of up to 500 tons and can be expanded as needed. Gan Kim Yong, MAS chairman and Singapore’s Deputy Prime Minister, stated: “Singapore has no intention of replacing other gold centers or gold custody services. As demand for gold as a reserve asset grows among nations, I believe central banks are also seeking alternatives and more options to enhance the resilience of their gold reserves.” The statement also noted that MAS will offer gold custody accounts to selected precious metal banks that operate in Singapore and have relevant professional capabilities.

Former Chainlink product marketing lead Michael Robinson announced on X that he has joined the Monad Foundation and will oversee marketing-related work. Robinson worked at Chainlink from 2021 to 2026.

According to Huobi HTX’s latest Merkle Tree Proof of Reserves (PoR) data, as of November 1, 2026 (UTC+8), the reserve ratios of all major assets on the platform remain above 100%. Huobi HTX commits to 100% full redemption, ensuring users can trade and withdraw their assets at any time. As one of the early crypto trading platforms in the industry to promote and continuously disclose PoR, Huobi HTX has publicly released data to the market for 49 consecutive months, safeguarding user asset security through long-term, verifiable transparency. The specific asset reserve ratios updated in this round are as follows: BTC (102%), ETH (101%), TRX (107%), USDs (105%), HTX (102%), XRP (105%), DOGE (101%), SOL (105%). Users can visit the "Assets - Reserve Proof Report" page on Huobi HTX’s official website at any time to view the data. Going forward, Huobi HTX will continue to adhere to the 1:1 reserve principle, providing verifiable data, traceable on-chain assets, and regular information disclosure, so that users can see their reserves, check their assets, and use them with greater peace of mind.

Beating AI News Flash: AI inference and model training platform Fireworks has suffered two consecutive hacker breaches. On November 9, the company admitted that some customers’ billing information, datasets, and unfinished model weights had been accessed without authorization. Two clients interviewed by Forbes said they have moved most of their business away from Fireworks. The first breach occurred in early October, when hackers stole Fireworks’ internal credentials to obtain API keys used by some customers for model evaluation. At the time, the company stated it had not detected any unauthorized access to customers’ models or datasets. On October 24, hackers gained access to Fireworks’ research and development machines via a compromised third-party cloud service provider, running unauthorized programs that further impacted customer data. One client interviewed by Forbes complained that Fireworks has faced increasingly frequent hacker attacks and poor communication with customers. Some major clients paying millions of dollars annually to Fireworks are considering switching vendors. Fireworks reported $1 billion in annual revenue in July this year, with a valuation of $17.5 billion. The company originally planned to launch a new financing round soon, targeting a valuation potentially exceeding $30 billion. The client exodus could put pressure on this fundraising. Fireworks said the attackers are likely linked to a cybercriminal group that steals and resells large language model (LLM) inference credits. No impact has been found on core services such as online inference, and no payment card numbers have been leaked. The company has suspended some data upload and download functions, and enlisted Unit 42, Palo Alto Networks’ cybersecurity division, to assist with the investigation.

According to official announcements, Morgan Stanley has reached an agreement to acquire Vinyl Equity, a digital equity transfer agency and shareholder record management platform registered with the U.S. Securities and Exchange Commission (SEC). The acquisition will add equity transfer agency services to Morgan Stanley’s Morgan Stanley at Work division, integrating equity structure management, equity incentive administration, share transfer, and wealth management offerings to deliver end-to-end services for enterprises and shareholders spanning both private and public markets. Morgan Stanley stated that the deal will also strengthen its digital asset ecosystem, providing critical infrastructure for its future asset tokenization initiatives. Vinyl’s digital technology is expected to drive upgrades to how equity ownership records, transfers, and management are executed, and align with advancements in blockchain technology, atomic settlement, and asset tokenization. The transaction remains subject to customary closing conditions and is projected to be completed in the first quarter of 2027.

NEAR AI’s official announcement states that it recently discovered unauthorized access to its internal systems, and has temporarily suspended NEAR AI Cloud inference services to conduct an investigation. The service’s inference tasks run in hardware-isolated Trusted Execution Environments (TEE) to protect customer prompt privacy. NEAR Protocol and other NEAR services are unaffected by this incident.