Institutions including Coinbase and Kalshi have filed an amicus brief with the court in support of the CFTC’s regulation of U.S. single-stock perpetual contracts.

According to Bitget market data, Hong Kong stocks opened higher in the morning: the Hang Seng Index rose 0.7% at open, and the Hang Seng Tech Index gained 0.78% at open, before both indices fluctuated lower. By midday close, the Hang Seng Index was up 0.29% at 24,518.87 points, while the Tech Index advanced 0.7% to 4,069.03 points. In individual stocks, Zhipu (02513.HK) closed up 11.89%, MINIMAX-W (00100.HK) closed up 7.06%, and SMIC (00981.HK) closed up 3.91%.

Per MistTrack monitoring, Tether froze 5 Ethereum addresses approximately 8 hours ago. These addresses, which were active in 2021 and 2023, hold a total of around $24.35 million in USDT. MistTrack noted that one of the frozen addresses had interacted with addresses it labeled as "phishing" and "pig butchering" scams. The 5 addresses involved in the freeze are: 0x25660042d9019fa2114c6c86fc3fd45134671028, 0xa04b55eae185f7e17806faaa5154fe53b9937b75, 0xc01144d85302139f761cbd710314215d93d296bf, 0x5b0f739a26b002cf414cc855ec9a7ae4a918ea44, 0xb28593f308d3126ae75ba2abcca6356f6607aed0

According to TradingBeats monitoring, ZEC on Hyperliquid is currently trading at $1,147.6, down roughly 9.76% since 00:00 yesterday. It has fallen about 32.29% from its September 27 high of $1,695, and around 17.50% from its November 6 rebound peak of $1,391. The market downturn has caused large funds’ long positions to be breached. Among the 28 ZEC long positions across the market each holding over $1 million, 22 are now in unrealized losses (accounting for ~78.6%), with total unrealized losses of around $10.89 million. While the remaining 6 accounts remain profitable, after hedging, these 28 addresses still show a net unrealized loss of approximately $3.26 million overall. These 28 whale addresses hold a total of ~$143 million in ZEC long positions, with a position-weighted average entry price of $1,173.79. The current price is about 2.23% below their overall cost line, putting longs under broad pressure. The largest long position, address 0x60b0, currently holds ~$19.15 million with an average entry price of $1,179.65, resulting in an unrealized loss of ~$534,900. The address with the largest loss, 0x2b61, holds ~$7.81 million with an average entry price of $1,453.56, posting an unrealized loss of ~$2.0826 million.

Beating AI News Flash: Anthropic’s IPO enters its final stretch. The company will kick off its roadshow as early as November 10 (US time) to market its shares to investors, aiming to price its IPO ahead of Thanksgiving Day on November 26 and list on the Nasdaq under the ticker symbol ANT. Anthropic also plans to host an IPO livestream this Friday (the 13th) at noon in New York, where CEO Dario Amodei will hold a conversation with JPMorgan Chase CEO Jamie Dimon to boost the IPO’s profile. JPMorgan is one of the 22 banks involved in the IPO, responsible for US retail sales and share distribution. Anthropic is considering allocating 15% to 20% of its issued shares to retail investors. The livestream format is similar to the event Elon Musk hosted for SpaceX’s IPO in June this year, but on a smaller scale. Meanwhile, a mix-up occurred with Anthropic’s prospectus documents. A copy obtained by Reuters showed the company originally planned to issue around 867 million shares, priced at $70 to $80 per share, corresponding to a fundraising of roughly $60.7 billion to $69.3 billion. However, Anthropic later sent an email to underwriting banks stating the pricing information was incorrect and promised to provide an updated version. Previously, Anthropic had aimed to raise funds at or exceeding the $86.2 billion IPO record set by SpaceX this year. But following the recent sell-off in AI tech stocks, investors have started re-evaluating its value. Potential investors are currently discussing a valuation of around $1.1 trillion to $1.3 trillion, lower than the earlier expectation of up to $2 trillion.

Glassnode published a report stating that altcoin trading volumes have returned to normal levels. In September, the total trading volume of altcoins once surged to four times that of Bitcoin. Speculative altcoin activity coincided with a local market peak, when Bitcoin’s price hit a high of roughly $87,000.

According to Glassnode data, in late September, when Bitcoin’s price neared $87,100, roughly 80% of the more than 300 tokens tracked by the on-chain analytics firm still allowed recent buyers (holding assets for less than 155 days) to sell at a profit. However, by the end of October, this proportion had dropped to approximately 12%, with most recent altcoin buyers exiting with small losses.