Anthropic CEO Dario Amodei once described the goal of creating a "nation of geniuses within data centers." The company's latest IPO prospectus indicates that to achieve this vision, Anthropic relies on complex and risky financing arrangements, including long-term expenditure commitments of up to $895.4 billion, supplier endorsements, and financing terms linked to cloud and chip partners.

The Hong Kong Legislative Council passed a bill related to the tax declaration of crypto assets on November 4, adopting the OECD's framework for reporting crypto assets ( CARF ). According to the new regulations, digital asset service providers will start collecting customer and transaction information from 2027, and the Hong Kong Inland Revenue Department will begin automatically exchanging relevant data with eligible overseas tax authorities from 2028; the revised joint reporting guidelines ( CRS ) will come into effect in 2028, and the exchange of financial account information will be conducted according to the new rules starting in 2029.

After the mid-term election results in the United States temporarily disrupted the crypto market, Bitcoin returned to around $78,000, falling to approximately $75,600 at one point during the session. Analysts are focusing on the support level of $75,875, the resistance level of $79,500, and the continuous third consecutive trading day of capital outflows from US spot Bitcoin ETF.

US spot XRP ETF has seen a cumulative net inflow of approximately $1.81 billion, but since the price of XRP is still below the average purchase cost estimated by models, investors are estimated to still face an unrealized loss of about $440 million. The report indicates that this estimate is based on fund subscriptions, redemptions, and the historical prices of XRP, and is not an official profit and loss disclosure; at the same time, institutional demand has significantly slowed down since September.

As the election results in Texas came in, the substantial funds Musk invested in Republican candidates did not seem to yield the expected outcome. Reports, citing The New York Times, indicate that Musk spent approximately $224 million on Texas Republican candidates, with $158 million alone in September; analyst Dan Ives stated that Musk now needs to find a way forward after the Democratic candidates in Texas were victorious.