CZ responds to Elon Musk’s meme: “Never expected it would drop this much”

Beating AI Express News: Following a sell-off in tech stocks, Anthropic’s initial public offering (IPO) is facing valuation pressure. The Wall Street Journal reports that three large institutional investors planning to participate in the IPO view the previously expected $1.5 trillion valuation as still too high, with one suggesting it should be cut to roughly $1 trillion. Anthropic’s revenue continues to grow rapidly. Insiders reveal that as of the end of October, the company’s annualized revenue run rate exceeded $80 billion, up from just over $65 billion at the end of July—an increase of $15 billion in three months. Investors hold differing views on the IPO plan: Some want to wait to review October’s financial results before deciding whether to accept a valuation reduction; one investor proposed trimming the fundraising size from the previously anticipated $100 billion to around $80 billion; another suggested delaying the IPO if market weakness persists, waiting for conditions to improve before going public. These views are only feedback from potential buyers to the company, with final decision-making power lying with Anthropic and its underwriters. However, if large institutions are unwilling to subscribe at the original valuation, Anthropic will have to reconsider its offering price, fundraising scale, and even the timing of its IPO.

According to Alpine Linux’s official security advisory, its openssh-server package has a password authentication bypass vulnerability in builds where PAM is not enabled. Attackers who can connect to the SSH port can log in in a single attempt without a correct password under specific conditions. The required conditions include: PasswordAuthentication is enabled, an account with a password field set to *, and at least one account on the local machine with a $5$ or $6$ hash. Attackers can submit an extremely long passphrase to a passwordless account to successfully authenticate. Affected versions cover Alpine 3.21–3.24 and edge (verified by the official), as well as end-of-life versions 3.16–3.20. Systems using openssh-server-pam with UsePAM set to yes, or those that have disabled password login, are not impacted. No CVE has been assigned as of press time. The official states the root cause is tied to two factors: borrowing salt values from other accounts when PAM is disabled, and musl’s crypt() function returning * for extremely long passphrases. OpenSSH 10.6p2 and patch packages for all stable branches have fixed the issue. Advisories recommend running `apk upgrade` immediately and restarting the sshd daemon, as upgrading only the package will not replace the running active daemon. If an upgrade is not immediately feasible, disable password authentication. Notably, the alpine user in the official tiny-cloud image has a password field set to * and allows passwordless doas access, which could be exploited to gain root privileges if a $6$ hash exists on the local machine.

According to on-chain data analyst Yu Jin Monitoring, a certain address has withdrawn a total of 9,777 ETH from Binance to the on-chain network over the past four days, amounting to approximately $22.53 million, with an average withdrawal price of around $2,304. The address is 0x4AB785F639D....a228A4845b8.

Binance Wallet officials announced on social media that Binance Alpha is currently undergoing a system upgrade. The team took this opportunity to thank the community for its continuous support and participation, and is launching an exclusive appreciation airdrop. As of 23:59:59 UTC on November 6, 2026, users holding 200 or more Alpha points will be eligible to share the $350,000 airdrop pool. This distribution will not deduct Alpha points, with no first-come, first-served (FCFS) or manual claim requirement—rewards will be automatically distributed to eligible users’ Alpha accounts. More details regarding the rewards and distribution timeline will be announced soon.

According to Lookonchain’s monitoring, a whale with address prefix FGjDGz sold approximately 674.32 million PUMP tokens around 7 hours ago, receiving roughly 2.59 million USDC in exchange, incurring a loss of about $409,000 on the transaction.

According to an article by analyst Axel Adler Jr., the U.S. tech sector recorded its largest single-day drop since the COVID-19 pandemic. The Nasdaq 100 index closed 6.36% lower at 26,630 points, the S&P Tech sector fell 7.3%, and the Philadelphia Semiconductor Index plummeted 12%. The VIX volatility index surged nearly 70% in a single day, climbing from 16.6 to 28.2. The author states that after the Democratic Party won gubernatorial elections in Texas, Ohio, Georgia and other states, plans for new data center construction were suspended. Markets are worried that AI infrastructure development and chip procurement will slow, prompting position cuts in risk assets. Bitcoin has come under pressure, retreating from around $80,000 to roughly $75,000. The article notes that when stock market volatility rises, some funds will simultaneously reduce exposure to risk assets such as cryptocurrencies to control portfolio risk, even if Bitcoin’s on-chain metrics do not necessarily deteriorate in sync. If the Nasdaq stabilizes and the VIX falls, external pressure could ease; however, as long as tech sell-offs persist, the crypto market still faces further deleveraging risks.