insiders revealed that R3, a blockchain startup based in New York, has had preliminary discussions with representatives from Ava Labs, Solana Foundation, and Adhara. These discussions have been ongoing for at least six months and have included various options such as joint ventures, minority equity sales, or complete sales. Insiders said that although its Corda technology is used by several real-time platforms, including the digital asset trading platform of the Swiss stock exchange, some projects have not entered the testing phase. The company fired about one-fifth of its employees a year ago and currently has 200 to 250 employees.
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Source: R3 is weighing options including sale
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Shenzhen Huaqiangbei: GPU Prices Drop as Foreign Buyers Rush to Purchase
On November 8, according to CCTV Finance, in recent weeks, the prices of mainstream graphics cards in Shenzhen's Huaqiangbei have seen a significant increase since mid-October, followed by a noticeable decline entering November. The mainstream RTX 50 series graphics cards, after rising for 11 consecutive trading days, began to drop from October 28. As of now, the lowest price for the RTX 5080 has fallen to 16,000 yuan, down about 20% from its peak of around 20,000 yuan in late October. Some merchants indicated that the advance stocking by agents and merchants has led to significant price fluctuations, with prices even differing between morning and afternoon. Despite the price drop, the average price of the mainstream RTX 50 series graphics cards is still 1.7 times the suggested retail price, indicating that the previous significant price increases have not yet been fully absorbed. Journalists found that recently, there has been a surge of overseas buyers inquiring about prices, with a noticeable increase in cross-border purchases of hardware such as graphics cards and memory. A buyer from Pakistan stated, 'In Pakistan, the prices of graphics cards have risen sharply, it's cheaper to buy here.' A Russian tourist noted that prices in Huaqiangbei are still slightly cheaper, approximately 10% to 15% lower. Industry insiders analyze that due to the impact of AI computing power crowding out consumer-grade chip production capacity, retail prices and supply rhythms for graphics cards in some overseas regions have tightened. Consequently, some buyers are turning to the Huaqiangbei spot market to seek sources to avoid local channel markups and stock shortages. -
CITIC Construction Investment: This Week's Market Shows Typical Oversold Technical Correction, Foundation for Trend Reversal Still Weak
On November 8, CITIC Construction Investment's research report indicated that this week's market is characterized by a typical oversold technical correction, and the foundation for a trend reversal is still not solid. The market's internal recovery momentum remains relatively weak, with a high reliance on policy support funds, and fluctuations in U.S. tech stocks continue to disrupt the situation. It is expected that the process of bottoming out for the index may still experience fluctuations. The sustainability of future rebounds needs to be closely observed in terms of the level of increased trading volume, the strength of stabilizing capital support, and the implementation of industrial policy catalysts. In terms of allocation, it is advisable to focus on sectors such as domestic substitution and photovoltaic new energy for flexible investments, while high-dividend assets can serve as a base to smooth out volatility; sectors with significant overseas exposure should remain cautious of uncertainties related to external liquidity and demand. -
French Foreign Minister: European Nations to Attend Ukraine Talks in Abu Dhabi
On November 8, Reuters reported that French Foreign Minister Jean-Yves Le Drian stated on Sunday that European countries will participate in the Ukraine talks to be held in Abu Dhabi next week. In an interview with French RTL radio, Le Drian said, "European countries will send a strong delegation; France will be going to Abu Dhabi to participate in these discussions." He added, "I cannot disclose who will represent France at this time, but France will definitely send a representative." U.S. envoy Kurt Volker stated on Monday that Washington will convene Ukrainian and Russian delegations in Abu Dhabi from November 10 to 11 to discuss ending Moscow's military actions in Ukraine, post-war security agreements, and easing tensions. -
Russian Central Bank Finalizes Retail Crypto Trading Rules Effective November 17
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Binance Tokenized Gold Product Sees Record Trading Volume Exceeding $325 Million in the Last 7 Days
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Iran Reports Three Tankers Exploded and Caught Fire in the Strait of Hormuz
On the 8th local time, the Iranian Islamic Revolutionary Guard Corps Navy stated that another tanker attempted to cross an unauthorized route in the Strait of Hormuz, resulting in an explosion and a severe fire. Since early that morning, three tankers have exploded and caught fire. The Iranian Islamic Revolutionary Guard Corps Navy indicated that relevant regulations regarding the Strait of Hormuz have been communicated to all vessels multiple times. Any vessel that violates these regulations by crossing the strait via unauthorized routes will face the same consequences. -
Anthropic Acquires $3.4 Billion Commitment for 1.7 GW Gas Turbine Purchase
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Linyi Warns of Illegal Financial Activities by 'Global Securities Exchange' and 'Savings Project' App
On November 8 at 18:07, the Linyi authorities issued a risk warning stating that the 'Global Securities Exchange' and 'Savings Project' App are suspected of illegal financial activities. The 'Global Securities Exchange' project promotes high returns to lure the public into investing in virtual currencies, advising participants to withdraw as soon as possible. The warning cites a notice from the People's Bank of China and other departments that clearly states virtual currencies do not have the same legal status as legal tender. -
IRGC Spokesman Warns: Mines Awaiting Violating Vessels
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