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

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

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.

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.

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.

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.

Joe Saluzzi, partner and co-head of equity trading at Themis Trading, stated: "Inflation data coming in above expectations has prompted some to reassess market outlooks. Notably, Federal Reserve officials previously signaled that if inflation remains elevated, the U.S. central bank could deliver a 50-basis-point rate hike in a single move before the end of the year. I believe a 50-basis-point hike now is too large a move, but a 25-basis-point increase remains a viable option for now. This latest reading is indeed higher, confirming inflation’s persistence. Overall, as long as interest rates and inflation stay elevated, rates will remain under upward pressure. This will exert sustained stress on companies reliant on borrowing for financing, potentially eroding their profitability and ultimately weighing on stock prices. For some time, businesses have been able to weather this environment to a certain degree, but if the situation persists, I expect the stock market to face greater headwinds."