Standard Chartered Bank plans to restructure its holding of Zodia Custody Ltd., integrating its cryptocurrency custody business into the corporate and investment banking division, and expects to issue a related announcement within this month. Zodia Custody will continue to operate as an independent crypto-asset custody SaaS company.

OpenAI Chief Operating Officer Brad Lightcap said that, amid rapid AI development, traditional software companies are actively pivoting and deeply integrating AI capabilities. He noted that although software stocks have pulled back, most companies are still innovating at startup speeds, using customer relationships to maintain competitiveness. Opinions in the industry differ on whether AI will replace traditional software, emphasizing the importance of collaboration complexity and existing infrastructure. Analysts believe software companies with integration capabilities will see value repair.

FiscalNote Holdings has been delisted from the New York Stock Exchange due to its stock price remaining below $1 for an extended period and will now trade on the over-the-counter market. The company faces challenges from AI technology replacing its core business model. Despite efforts to pivot and diversify, market confidence remains low. This delisting reflects the profound impact of the AI-driven era on traditional SaaS models.

Bill Gurley points out that the AI wave has caused many people to rapidly accumulate wealth, forming a bubble, and he anticipates a reset is coming. He advises investors to focus on undervalued SaaS stocks, as the current software sector is being impacted by AI, with related company stock prices declining significantly. Meanwhile, he expresses concern about the high cash burn rate of leading AI companies.

This year, 27 software companies have mentioned AI agents as a competitive risk in their filings, but executives generally downplayed this threat during earnings calls, revealing a contradiction between their filings and public statements. This phenomenon has raised concerns among investors about the software industry, with some companies' stock prices falling sharply, leading to what is known as the "SaaS end-of-days" situation.

Odaily Planet Daily reports that Arthur Hayes posted on the X platform stating that BTC (white) has not yet decoupled from the US SaaS technology company (green). This may just be a short-term rebound, and it has not yet moved out of the danger zone. Patience is required.

Stripe co-founder John Collison stated in an interview that claims of an end-of-days for the SaaS industry are unfounded, as current data does not show a slowdown in growth. He believes that changing market expectations for the long-term outlook may cause fluctuations in the current situation, despite decreasing software production costs, the market response remains unstable.

According to a report by China Merchants Securities International, Google Cloud has secured a NATO AI cloud contract, which will provide a dedicated secure cloud system and utilize AI to enhance operational efficiency. At the same time, Google is competing for TPU orders with Meta, showcasing its market opportunities. Investor concerns about Google may ease, maintaining a "buy" rating with a target price raised to $390.

According to Gate News bot, Gate announced on November 6 that it will launch Belong on November 6, 2025, at 20:00 UTC+8 for 0192837465656574839201 spot trading. Belong will open the LONG/USDT trading pair. Belong is an AI-driven alliance network platform that connects real-world venues, promoters, and customers through verified performance rewards. The project is developed by the Belong SaaS team, and its main product, Belong CheckIn, allows venues to charge only verified visitors and consumers while promoters and customers can automatically earn rewards through blockchain. The LONG token is deployed on the BSC network, and the contract address is 0x9Eca8dedb4882BD694aea786C0Cbe770e70D52e3.