Odaily News: Anthropic's IPO underwriters are considering raising the company's initial public offering (IPO) valuation target to $1.5 trillion or higher. Due to exceptionally strong investor demand, the company may increase the initial valuation target of $1.4 trillion previously disclosed in its filings. This potential pricing adjustment could push the total fundraising amount past $100 billion before the company officially debuts on the Nasdaq next week. (Financial Times)

Odaily reports: A CICC research report notes that US October CPI rose 0.4% month-on-month on a seasonally adjusted basis (0.6% last month), while core CPI rose 0.3% month-on-month (0.3% last month), both above market expectations. Overall, inflation stickiness remains strong, with core CPI rising 0.3% month-on-month for the third consecutive month, supporting the Fed's continued rate hikes. Recently, Fed Governor Waller suggested that a 50 basis point hike in December cannot be ruled out. However, we believe the Fed's policy has not clearly fallen "behind the curve," and given that financial conditions have already tightened marginally, the need to accelerate rate hikes is not strong. We maintain our baseline forecast of a 25 basis point hike in December, and the pace of this tightening cycle remains gradual and moderate. (Jinshi)

Odaily Report: According to people familiar with the matter, multiple financial institutions including Goldman Sachs, Citi, Santander, and Deutsche Bank have committed approximately $270 million in funding to the joint stablecoin project Project Faro to support the new company's operations over the next five years. The company is expected to be incorporated in the United States and will be responsible for issuing a U.S. dollar stablecoin. It is currently looking for a chief executive officer, and the final company name has not yet been determined.

Project Faro plans to launch its U.S. dollar stablecoin in the first half of 2027, and will later expand to other fiat currencies, with a euro stablecoin being the first consideration. The project's participating institutions have now expanded to 21, including Wells Fargo, Fidelity Investments, UBS Group, and Lloyds Banking Group. (Bloomberg)

Odaily reports: Across officially posted on X platform stating that at approximately 18:45 UTC, attackers gained control of the Across domain through a social engineering attack targeting domain registrar Namecheap. The team received alerts within 15 minutes of the attack and took action. SEAL911 subsequently flagged across.to as a phishing site, and Cloudflare assisted in removing the website's DNS records. Currently, across.to has been completely taken offline, and the phishing site is no longer accessible.

Across stated that during the brief window before Cloudflare fully blocked the malicious website, some users who visited across.to may have been affected, but third-party integration services and API users were not impacted. Since domain registrar Namecheap has not yet responded, the team is still unable to fully ensure domain security, and Across frontend and API services will remain suspended until the security issue is resolved. The team will further investigate this domain hijacking incident and publish a post-mortem report once more information is available.

Odaily reports: Crypto analyst Tom Wan posted on X that Ethereum's stablecoin market share has dropped to 46%, a record low. Over the past year, stablecoin supply on Ethereum has decreased by $32.5 billion, while the total stablecoin supply across the entire market has declined by only about $10 billion.

During the same period, stablecoin supply on Tron increased by $16.2 billion, raising its market share to 32%; Hyperliquid and Solana each added $1.6 billion. In addition, newly launched blockchains this year, including Arc, X Layer, Robinhood Chain, Tempo, and Monad, collectively added approximately $5.2 billion in stablecoin supply.

Odaily reports that Ledger CEO Pascal Gauthier, in an interview with Bloomberg Crypto on Tuesday, when asked how he would assure customers of the security of Ledger devices, said: "Everyone will be hacked sooner or later."

He further pointed out that perfect security does not exist, and this principle applies equally to Ledger and other companies. (The Block)

Odaily reports: Australian retail investors will have the opportunity to participate in the IPO of AI giant Anthropic PBC. The company is targeting a valuation of $1.4 trillion in this offering. According to a document filed with the Australian securities regulator on Wednesday, individual investors in Australia can subscribe for Anthropic shares through participating brokers starting Wednesday. The offering is expected to close on November 17, with shares slated to list on Nasdaq on November 20. Anthropic plans to raise up to $90.4 billion through this IPO and private financing, with the offering price range set at $70 to $78 per share. (Jin10)

Odaily reports that OpenAI told investors on Tuesday local time that its third-quarter revenue grew 50% to approximately $10 billion. Demand for the company's recently released models such as GPT5.6 and Astra, as well as its image models, drove sales of its models through application programming interfaces. The company's revenue was also boosted by continued growth in advertising sales. (The Information)

Odaily: According to people familiar with the matter, the U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it may soon file charges over the launch of certain prediction contracts. The CFTC is investigating whether Kalshi failed to follow proper regulatory notification procedures for dozens of new products in the pipeline. The probe has been ongoing for several months and may ultimately be resolved through a settlement.

A Kalshi spokesperson responded that the matter involves procedural errors in the submission process for a small number of contracts, many of which have not yet gone live, and that Kalshi is already addressing the issue. (POLITICO)

Odaily: CoreWeave (CRWV.O) reported third-quarter revenue of $3.66 billion, up 167% year-over-year, beating the market expectation of $3.55 billion. Loss per share was $1.27, better than the expected loss of $1.46. The company raised its full-year revenue guidance from $12.4 billion–$13.2 billion to $13 billion–$13.3 billion. According to MSX.COM data, CoreWeave shares rose as much as 8.7% in after-hours trading following the earnings release. The stock had fallen more than 40% over the past month and is down 32% year-to-date.

CoreWeave still faces heavy debt pressure, with debt exceeding $50 billion as of the end of June and its 2030 bonds yielding approximately 15.2%. The company's CEO said that its investments are based on signed customer contracts, customer prepayments also help support data center construction, and the existing order backlog is sufficient to cover debt obligations. Microsoft (MSFT.O) previously said that some emerging cloud service providers' data center projects had been delayed, and it has tightened project oversight and exited some high-risk projects.

After the U.S. midterm elections, several newly elected officials also said they would slow or block data center construction, adding uncertainty to the industry's expansion. CoreWeave said it plans to expand revenue by launching new services and expanding into Asian markets.

Odaily News: According to MSX.COM data, GPRO has fallen 15.7% over the past 24 hours and is now trading at 0.752 USDT.

Odaily reports: US Defense Secretary Hegseth successfully avoided impeachment in the House of Representatives on Tuesday evening. Republican lawmakers voted to block the impeachment effort aimed at holding him accountable for relevant actions during his tenure as Defense Secretary. The proposal to send the impeachment motion back to committee for review ultimately passed with 211 votes in favor and 204 against. Thomas Massie, the sponsor of the impeachment motion, was the only Republican lawmaker to vote against it. It is expected that House Democrats will push forward with this impeachment process again after taking control of Congress in January. Before the vote, Hegseth delivered a strong defense of his performance in office. He called Massie a "disgruntled and frustrated member of Congress" and said the so-called articles of impeachment were essentially nothing more than policy disagreements. (Jinshi)

Odaily reports: According to MSX.COM data, Nvidia (NVDA.O) extended its decline to 6.53%, with its market capitalization dropping to approximately $4.02 trillion. Affected by the drop in Nvidia's stock price, Microsoft (MSFT.O) has overtaken Nvidia with a market capitalization of approximately $4.03 trillion, marking the first time Microsoft's market cap has surpassed Nvidia since June 2025.

Odaily: Anthropic's seven co-founders plan to sell a combined approximately $1.75 billion worth of shares in the company's IPO next week. Based on the midpoint of the offering price range, each co-founder intends to sell about $250 million worth of shares. According to the Bloomberg Billionaires Index, at this valuation level, each co-founder's personal net worth is approximately $18 billion.

Although the amount of shares being sold by Anthropic's co-founders is substantial, it represents only about 1.5% of each co-founder's total holdings in the company. This is also not the first time company insiders have cashed out. According to the prospectus, co-founders Dario Amodei and his sister Daniela both participated in share tender offers in June 2025 and April 2026. Anthropic's other co-founders include Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, and Christopher Olah. (Bloomberg)

Odaily reports: Bitcoin fell to an intraday low of $72,787 following the release of U.S. October CPI data. Coinglass data shows that cryptocurrency liquidations over the past 24 hours exceeded $632 million, with long positions accounting for more than $511 million.

The market raised the implied probability of a 25 basis point Fed rate hike in December from 77% before the CPI release to 85%. U.S. October CPI rose 0.4% month-over-month, above market expectations. (Bitcoin.com News)