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Iran's president calls for renewed efforts to reach an agreement.

2 days ago

Iranian President Masoud Pezeshkian blamed the United States for the collapse of interim agreement talks in a speech broadcast on state television Saturday, but noted that both sides should still attempt to reach a deal again. Pezeshkian said, "We were in the middle of negotiations, and those cowardly Americans messed everything up... I still believe we should keep working to secure an agreement." (Jin10)

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Mizuho maintains an "underperform" rating on Circle, and lowers its target price to $43.

Mizuho Securities maintains an "Underperform" rating on Circle (CRCL), setting a target price of $43, roughly 48.1% lower than its current share price of $82.87. The brokerage warns that AI assistants may guide users toward higher-yield, insured alternative products, weakening USDC’s competitiveness. It projects this could exert $4 billion to $9 billion in downward pressure on USDC’s market capitalization, and cause Circle’s reserve revenue to decline by 10% to 20%. The firm also cuts Circle’s 2027 EBITDA forecast by around 5%.

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Sources: Anthropic is expected to release its S-1 registration filing at 21:00 tonight.

Beating AI Express News (Insight) – According to Fox Business, citing sources, Anthropic is expected to file its S-1 registration document at 21:00 Beijing time (9:00 a.m. Eastern Time).

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Meta’s pre-market trading turned positive, rising 1.12%, as NVIDIA, AMD, and Broadcom are looking to purchase up to $5 billion in Meta stock.

Meta Platforms (META.O) plans two concurrent underwritten public offerings to raise a total of approximately $35 billion, including about $22.5 billion in Class A common stock and $12.5 billion in Series A mandatory convertible preferred stock. According to reports, Meta's common stock offering will be conducted via forward sale agreements, while the preferred stock offering involves depositary shares representing the Series A mandatory convertible preferred stock. Relevant information shows Meta intends to issue up to 250 million Series A depositary shares. Additionally, NVIDIA, AMD, and Broadcom are each interested in purchasing up to $5 billion in Meta's stock. Meta's pre-market shares turned positive, up 1.12%.

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Tom Lee: Ethereum is expected to rise to $62,000 in the next crypto market cycle.

Fundstrat co-founder Tom Lee expects Ethereum to reach $62,000 in the next crypto market cycle. Ethereum has previously recorded 50x to 200x gains across past crypto cycles. Even a more conservative 25x rally would push ETH’s price to roughly $62,000. Shareholders of BitMine (BMNR), the Ethereum holding company led by Lee, could also generate substantial returns from the ETH held by the firm under this scenario. It should be noted that the price target is a scenario projection, not a definitive prediction.

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Meta’s US-listed shares dropped more than 4% in pre-market trading, as the company launched a $225 billion offering of Class A common stock and a 250 million share offering of preferred depositary shares.

According to market data from BIT (Bit.com), Meta’s US pre-market stock fell by more than 4%. The company announced the launch of a $22.5 billion Class A common stock offering and a 250 million share preferred stock depositary share offering, which pressured its pre-market price.

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Since 1950, US stocks have historically delivered their best performance in November, with the S&P 500 recording an average gain of 1.9%.

Historical data from 1950 to 2025 reveals the S&P 500 index has distinct monthly seasonality: November leads all months with an average gain of 1.9%, while September is the poorest performer, posting an average decline of 0.6%. The data shows most months for U.S. stocks deliver positive long-term average returns, with year-end trends generally stronger. Furthermore, the historical outperformance of November and December is evident in both average returns and median results, indicating a certain level of stability in this seasonal pattern. However, past performance does not guarantee future outcomes.

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