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Fed mouthpiece: U.S. October core CPI rose 0.296%, holding steady around 0.3% for the third consecutive month.

1 hours ago

Nick Timiraos, widely known as the "Fed Whisperer", noted that the actual month-on-month increase in U.S. core CPI in October was 0.296%, staying around 0.3% for three consecutive months. The annualized three-month core CPI gain stood at 3.75%, up from 1.6% in July.

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Anthropic预计长期调整后营业利润率将达到35%以上

Anthropic expects its operating margin to exceed 35% after long-term adjustments.

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The three major US stock indices opened lower.

According to data from BIT Stock Platform, U.S. October inflation rose more than expected, fueling expectations of a significant interest rate hike by the Federal Reserve. The three major U.S. stock indexes opened lower across the board: the Dow Jones Industrial Average fell 0.4%, the S&P 500 dropped 0.6%, and the Nasdaq Composite declined 0.8%. Most leading tech stocks were lower, with Nvidia (NVDA.O) down 2.6%, Intel (INTC.O) down 2%, Micron Technology (MU.O) down 2.2%, while Apple (AAPL.O) rose 0.4%. Alibaba (BABA.N) fell 0.3% and plans to spin off its Tingtou Semiconductor unit for an independent listing on the Hong Kong Stock Exchange.

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Institutional sources: Pingtouge valued at $20 billion to $30 billion

According to 21st Century Business Herald, Alibaba announced tonight that it plans to spin off its wholly-owned subsidiary Pingtouge (Shanghai) Technology Co., Ltd. for an independent listing on the main board of the Hong Kong Stock Exchange. A professional investment industry source told reporters that Pingtouge is valued at between $20 billion and $30 billion. Earlier media reports noted that Pingtouge plans to launch an IPO in Hong Kong next year, with a fundraising target of $2 billion to $3 billion. JPMorgan analysts estimated in January this year via a rough benchmarking approach that its potential valuation ranges from $25 billion to $62 billion.

10 minutes ago

The rate of USDT supply contraction has surpassed that during FTX's collapse.

CryptoQuant has released a report indicating that the contraction pace of USDT supply is faster than levels seen after the FTX collapse. Over the past 60 days, USDT’s market capitalization has shrunk by $6.6 billion, a decline more than double that of the same period in December 2022. Stablecoin growth has been a major funding source driving market rallies in the current crypto cycle, and this liquidity support is now gradually fading.

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Binance hackers have either laundered or transferred the $891 million in stolen funds.

According to monitoring by Onchain Lens, the Binance hacker has transferred or laundered nearly $900 million in stolen funds. Of the total estimated stolen funds of $6.34 billion: $891.37 million has likely been transferred or laundered; $2.85 billion remains under the hacker’s control; and $2.6 billion has been frozen. Over the past 2 to 3 days, the hacker has been actively moving funds via THORChain and Chainflip.

10 minutes ago

FOMO now supports direct trading of any Solana ecosystem tokens via X Cashtags.

Social trading app Fomo announced that users can now directly trade any Solana ecosystem tokens via X’s Cashtags, access real-time market data powered by Solana, and complete one-click trades.

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