Microsoft Rejects Hundreds-of-Billions Expansion Deal with UK AI Unicorn Nscale

According to Gate data, South Korea's KOSPI index plunged 6% intraday, with SK Hynix falling over 10% and Samsung Electronics dropping more than 8%.

Odaily: A South Korean Ministry of Unification official stated that the South Korean government has not yet begun discussions on imposing sanctions on North Korea over the alleged theft of a large amount of cryptocurrency. The official said the government has not yet fully grasped the specific details of the hacking incident, and therefore has not reached the stage of discussing response measures, with internal information sharing and discussions still ongoing.Previously, the U.S. Federal Bureau of Investigation (FBI) accused North Korea of involvement in the hacking incident that stole over $6 billion in crypto assets from Binance. Kim Yo Jong, sister of North Korean leader Kim Jong Un, denied the allegations earlier this week and called them a "serious political provocation" against North Korea. (Yonhap)

1. CZ: AI exposes more security issues in the short term, but will make systems safer in the long term;2. Nebius, Boeing, and others oppose OKXICE stock token trading, with the list growing to 62 companies;3. Yi Lihua: If Bitcoin breaks through $82,600, it may trigger a second major upward wave;4. Arthur Hayes: AI giants may face severe share dilution after IPO, and credit contraction could further impact the crypto market;5. ARK Invest bought over 348,000 shares of SpaceX yesterday, while reducing holdings in BLSH and GOOG;6. The Ethereum Foundation has formulated the Lean Ethereum fork roadmap, targeting completion by 2029;7. Bitcoin's next major upgrade may be the "Great Consensus Cleanup," involving four security fixes;8. The Moscow Exchange will launch Bitcoin, Ethereum, and Tether trading starting December 1, 2026;9. Greeks.live: Midterm elections increase policy uncertainty, and Hyperliquid's federal compliance path faces variables;10. HSBC and four other banks have established GL1 Org to promote the development of tokenized financial market infrastructure.

Odaily reports that according to Gate data, the Korea Composite Stock Price Index (KOSPI) widened its decline to 5.41%, while SK Hynix (SKHY) fell nearly 10%.

Odaily reports that analyst Adam posted on X platform that FOMO's perpetual contract trading volume once again hit an all-time high yesterday, reaching $414.9 million. In addition, the perpetual contract business contributed 43% of the platform's total revenue that day.

Odaily Report: Nscale, the UK's highest-valued AI startup, has failed to reach a potential new deal worth hundreds of billions of dollars with Microsoft, casting new doubt on its plan to achieve a $35 billion IPO target.According to three people familiar with the matter, Microsoft declined to more than double the scale of an existing data center computing power leasing contract, with the relevant facilities located in Texas, USA. This means Nscale must find new customers for the data center or potentially lose billions of dollars in future revenue. Currently, discontent over the construction of AI data centers across the United States has become one of the reasons voters rejected incumbent Republican candidates in Tuesday's midterm elections. In some states, including Texas, incoming Democratic governors are calling for an immediate moratorium on data center development projects. (Financial Times)