Alliance DAO Co-founder Bullish on ZEC, Predicts It Will Hit $5,000–$20,000 by End of This Cycle.

According to Bitget data, SoftBank Group’s stock price once dropped 11%. The Japanese tech investment giant earlier reported its first net loss in nearly two years, driven by a $3.7 billion write-down on its U.S. data center projects and a slump in valuations of its artificial intelligence (AI)-related assets. On Wednesday, the stock dipped to 3,465 yen on the Tokyo Stock Exchange. For the fiscal quarter ending the second quarter of the current fiscal year, SoftBank swung from profit to loss, logging a net loss of 1.12 trillion yen (about $7.1 billion). The loss stemmed from the company writing down certain advance payments originally earmarked for purchasing power equipment to support its 8 gigawatt (GW) project in Ohio and other U.S. data center projects; due to project adjustments, these advance payments are no longer recoverable.

According to cross-chain protocol Across, at approximately 02:45 AM Beijing time, attackers gained control of Across’s official domain name via a social engineering attack targeting domain registrar Namecheap. Across received an alert within 15 minutes of the incident and immediately took its website offline. SEAL911 helped major wallets flag the domain as a phishing site, and Cloudflare subsequently removed its DNS records. As of the announcement, the phishing page is no longer accessible. Across noted that some users who accessed the official website before the phishing page was fully blocked may have been affected. Users who accessed the site prior to the attack, as well as those who used the protocol via API or third-party integrations, were not impacted. Across pledged full compensation for affected users, and will use the wallets they were connected with at the time to revoke relevant permissions granted that day on Revoke.cash. The protocol added that it has not yet received a response from Namecheap, and its frontend and API will remain suspended until the domain is confirmed secure. The team will investigate the cause of the domain takeover and release a post-incident analysis once more information is available.

Fed official Goolsbee said the latest government inflation report shows underlying trends have not improved, which is "somewhat concerning"; of particular note, price pressures appear to be spreading beyond just energy prices or artificial intelligence (AI)-related sectors. Goolsbee stated: "Services inflation has not cooled, and this is likely not primarily driven by temporary factors such as oil prices, tariffs, or others. Therefore, we are facing a real, evolving inflation problem that must be addressed." "My concern is that this inflation pressure is turning into broad economic overheating—prices for all kinds of goods and services are rising too fast, far exceeding our 2% inflation target."

According to on-chain analyst Yu Jin Monitoring, after ETH fell roughly 15% in recent days, the whale known as "7 Siblings" bought 10,792 ETH approximately 9 hours ago for around $22 million, at an average price of about $2,038 per token. Looking back at its previous trades, "7 Siblings" purchased ETH at $1,789 in June following a sharp price drop, and sold roughly 18,500 ETH at $2,356 in August after a roughly 20% short-term rally, generating a profit of around $10.49 million. Judging from these transactions, "7 Siblings" tends to buy ETH after short-term declines of more than 10% and sell after short-term gains of over 10%.

According to Bloomberg News, some Anthropic investors have been pitching their expected IPO-allocated shares to new buyers ahead of the IPO pricing. Brokerage firm JonesTrading is representing investors expecting large allocations to market a block of shares worth up to $500 million, with fees ranging from 3% to 5% above the final IPO offering price. People familiar with the matter said the shares are not subject to lock-up agreements, but buyers must secure approval from both the seller and one of the banks participating in the IPO. Bloomberg notes that such arrangements allow investment firms to reduce risks tied to partial allocation positions while expanding their own investor bases. Jon Jefferies, JonesTrading’s head of private markets, declined to comment on specific deals, but noted he first observed such arrangements during SpaceX’s IPO, with multiple similar Anthropic-related deals currently being marketed. Another seller is pitching over $1 billion worth of existing Anthropic shares via a special purpose vehicle (SPV), with the offer corresponding to a company valuation of $1.4 trillion to $1.6 trillion, plus additional fees. People familiar with the matter said the SPV is single-layered and holds Anthropic shares directly. Unlike the aforementioned resale arrangements, this transaction involves already issued shares and does not depend on the seller’s IPO allocation. Anthropic’s IPO is targeting a fully diluted valuation of approximately $1.4 trillion. The company and some investors plan to raise up to $90.4 billion total via the IPO and private placements; if achieved, this would surpass SpaceX’s $75 billion base offering size. An Anthropic spokesperson did not immediately respond to a request for comment.

According to an official disclosure from Initia, on November 9, the platform was breached due to a compromise of its cloud access credentials, with attackers forging IBC withdrawal transactions involving five Rollups. Approximately $3.27 million in assets were transferred to the attacker’s address on Initia’s Layer 1 (L1) chain; of that total, roughly $2.16 million remains on the suspended L1 and is currently non-transferable. Initia noted that the attacker has cross-chain transferred 13,400 TIA, 8,000 USDC.inj, and 597,000 Noble USDC, hitting the platform’s IBC outbound limit, and did not transfer any INIT tokens out of Initia. The project plans to fully replenish reserves for the affected assets, with the specific compensation scheme still being finalized. The team is rebuilding the impacted infrastructure in an isolated environment, tightening access controls, and strengthening on-chain IBC verification. Initia expects the recovery process will take longer than a standard network restart, with no specific timeline announced yet.