Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

Beating AI News (from Dongcha) — Nvidia released a post stating that Alibaba’s latest preview model, Qwen3.8-Flash-Next, is now compatible with Nvidia’s GB300 NVL72 platform. The model has a total parameter count of 176 billion, with approximately 6 billion parameters activated per token. It natively supports a 262,000-token context window, expandable to 1 million tokens via YaRN, and is designed primarily for long-context agent use cases such as intelligent programming, document processing, and tool calling. Nvidia noted that Qwen3.8-Flash-Next uses a hybrid architecture of Gated DeltaNet (GDN) and Qwen Sparse Attention (QSA) to reduce computational and KV cache overhead in long-context scenarios. Tests show that on the GB300 NVL72 platform, the model delivers over 16,000 tokens per second throughput per GPU, and over 200 tokens per second per user; it also supports inference frameworks including SGLang, vLLM, and TensorRT-LLM.

Sources familiar with the matter said AI firm Anthropic will lease data centers from AI infrastructure provider Nscale for $45 billion, securing roughly 460 megawatts of computing power capacity. The sources added that Nscale will supply computing power to Anthropic from its data centers in West Virginia, U.S., and plans to invest $71 billion to develop the project.

A new survey by the U.S. National Institute for Retirement Security (NIRS) shows that 77% of Americans view including cryptocurrencies in workplace retirement plans as risky, with 46% deeming the risk "very high"; 53% of respondents oppose employers offering crypto investment options. The survey also reveals growing U.S. concerns about retirement security: 80% of Americans say the country is facing a "retirement crisis," a sharp rise from 67% in 2020. Additionally, 61% worry about their post-retirement financial stability, 68% note saving for retirement is becoming more difficult, and 77% say debt is impacting their ability to save. Conducted by Greenwald Research between Oct. 24 and Nov. 14, 2025, the survey polled 1,203 Americans aged 25 and older. Separately, the U.S. government and regulators are pushing to expand access for retirement accounts such as 401(k)s to cryptocurrencies and other alternative assets. The U.S. Department of Labor proposed relevant rules in March this year, which would provide a potential safe harbor for including alternative assets in 401(k)s, but the plan has faced opposition from some Democratic lawmakers, who argue crypto assets are highly volatile and investor protections remain inadequate. This signals that U.S. policy is gradually relaxing channels for retirement funds to allocate to crypto, though ordinary investors still hold cautious views on its risks.

Dallas Fed releases a report stating that the widespread adoption of tokenized deposits could increase deposit sensitivity to interest rates, accelerate cross-bank fund flows, and weaken banks’ liquidity and maturity transformation capabilities, thereby impacting bank credit supply and funding costs. The report notes that unlike stablecoins such as USDT and USDC, tokenized deposits are typically issued by regulated banks and accrue interest. Technologies including blockchain’s instant settlement, smart contracts, and agent-based AI could make it easier for customers to quickly move funds to chase higher yields, eroding the "stickiness" of traditional bank deposits. The Dallas Fed estimates that if deposit rate sensitivity rises by 10%, banks’ capacity to bear interest rate risk could decrease by roughly $700 billion (calculated on a 10-year equivalent basis); if the weighted average maturity of deposits shortens by 10%, the banking system’s maturity transformation capacity could decline by around $580 billion. The report argues that if banks still aim to maintain their current loan volumes, they may need to rely more on wholesale funding such as term debt, ultimately making banks’ loan funding models more similar to those of non-bank financial institutions and potentially driving up credit costs for consumers and businesses. Currently, multiple global banks have begun testing tokenized deposits and 24/7 settlement systems, and the potential impact of tokenized deposits on the traditional banking system is drawing growing attention from regulators.

According to monitoring by Onchain Lens, Fireblocks’ custodial wallet has transferred a total of approximately $66 million in Trump family-backed stablecoin USD1 to Binance over the past week. The wallet deposited an additional $10 million USD1 to Binance just 13 minutes ago. On-chain data shows the address is 9Rycov3U4efJf5HiqZYGjN7qJJHEtMsj4vbmkG4xfCxk. Previously, the wallet had already sent $28 million USD1 to Binance in three separate transactions over the prior 21 hours, with amounts of $10 million, $15 million, and $3 million respectively.

According to Bitget market data, international crude oil prices continue to rally, with Brent crude rising above $88 per barrel, up 2.57% on the day; WTI crude oil futures trade above $83 per barrel, gaining 2.33% intraday. On the news front, three sources close to the Kremlin revealed that Russia, after determining peace agreement negotiations have reached an impasse, is preparing to escalate military strikes against Ukraine. According to insiders, Russia is currently considering intensifying heavy conventional ballistic missile strikes on infrastructure targets in Kyiv and other Ukrainian cities. Insiders noted that all negotiation frameworks have effectively collapsed, and the two warring sides are back to square one. They also stated that Putin will not end the war due to economic pressure from sanctions or Ukraine’s attacks on Russian refineries and logistics networks. Insiders disclosed that Moscow increasingly views Ukraine’s airstrikes as attacks by NATO countries, given that NATO member states are supplying weapons and intelligence to Kyiv. Sources said the current phase of hostilities has not yet reached the peak of military escalation.