AI-related stocks in the US stock market came under renewed pressure at the opening, while crypto-related stocks posted synchronized broad declines.

After the U.S. stock market opened, the TSLA contract on Hyperliquid dipped to $364.8, down around 1.3%. It briefly fell below the ~$365.3 level recorded at the start of the Roadster launch, erasing all gains made after the event. A whale address 0x0242…ffa1 holds TSLA short positions worth approximately $10.5 million; the short once had an unrealized loss of ~$310,000, and now has an unrealized profit of ~$66,000, with the position still open. Another whale address 0x7d04…9e7b’s TSLA long positions were partially liquidated: around 2,093 contracts were force-liquidated, worth ~$764,000, resulting in a realized loss of ~$27,800. The address still holds ~6,697 TSLA long positions, using 20x full leverage, valued at ~$2.45 million, currently with an unrealized loss of ~$84,000, and the liquidation price for its remaining positions is ~$361.8.

Oct 16 Update: #Bitcoin ETFs: 1D NetFlow: +194 $BTC(+$15.86M)?? 7D NetFlow: -1,643 $BTC(-$134.56M)?? #Ethereum ETFs: 1D NetFlow: -24,792 $ETH(-$60.84M)?? 7D NetFlow: -119,753 $ETH(-$293.85M)??

Cobo Wallet announced in a statement that its app services will officially shut down on December 1, 2026. Users are required to withdraw all assets and update Cobo Wallet receiving addresses previously set on other platforms by 23:59 on November 30. The notice warns that users who fail to withdraw assets within the deadline will incur account maintenance fees. This adjustment will directly impact users who still use the Cobo Wallet App for asset storage and receiving, and affected users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms. After the app shuts down, Cobo will charge a monthly account maintenance fee for any remaining assets in users’ accounts. The fee is calculated on a coin basis, equal to 2% of the remaining assets, with a minimum monthly charge equivalent to 100 U.S. dollars. Users who fail to complete asset withdrawals before the app shutdown will be deemed to have agreed to this fee arrangement. The statement did not specify the specific reason for the service shutdown, nor did it disclose whether other products or institutional businesses under Cobo will be affected.

According to Bloomberg, New York City Comptroller Mark Levine has urged Anthropic to delay its planned IPO until the company addresses AI safety and governance risks. Anthropic has since engaged in discussions with Levine. Levine oversees public pension funds holding over $325 billion in assets, warning that a major AI safety incident post-IPO could severely harm investor interests. Reports indicate Anthropic aims to conduct its IPO as early as November, with its quarterly revenue previously totaling $16.8 billion.

Lighter's official account took to social media to post "Options season. Coming soon", teasing the upcoming launch of its options trading service, with specific details still unannounced.

Beating AI News Flash: DeepSeek has restructured its organization, integrating the Agent Harness, Web, App, and Platform teams into a Product Department that will oversee product, design, and related R&D work. On October 16, newly appointed head Cui Tianyi confirmed the news to The Paper. Cui, a computer science graduate from Zhejiang University, has won six ACM Asia Regional Contest gold medals and spent nine years at quantitative trading firm Jane Street. He joined DeepSeek in March this year and was tasked with building the Agent Harness team. The team’s developed DeepSeek Harness was open-sourced in August, with Windows and macOS desktop preview versions launched in September. The latest restructuring merges the team in charge of the Agent runtime framework with the web, App, and open platform teams. DeepSeek will no longer separate underlying agent capabilities from user product development, instead unifying oversight under the same department. The new department has also started recruiting product managers and designers.