Serenity: NVIDIA’s successor may struggle to maintain a 70% year-over-year growth rate; sectors like optical communications and memory chips are still expected to outperform the broader market.

Former Coinbase CTO and angel investor Balaji Srinivasan has called on NVIDIA’s employees, shareholders, partners and customers to submit demands to the company’s board of directors, urging the reinstatement of Jensen Huang as CEO and the resignation of the directors he accuses of pushing Huang to step down. Srinivasan questioned the national security allegations against Huang, arguing that if the claims are unsubstantiated, stakeholders hold sufficient influence to prompt the board to reconsider its decision. He noted that Huang’s return would better serve NVIDIA’s long-term value and is critical to the development of open-weight AI models. Citing OpenAI’s earlier management shakeup as a precedent, Srinivasan suggested first verifying the voting records of individual directors before pushing the board to reverse its call. He also warned that if the board does not shift its stance, it could face mass employee resignations, or lawsuits from shareholders, partners and customers alleging breach of fiduciary duty. Srinivasan emphasized that these are potential scenarios he outlined, not actions that have yet materialized.

Anthropic’s status page shows that after investigating authentication issues encountered by users logging into Claude.ai and Claude Code, the company has deployed a fix and is currently monitoring system recovery.

According to an official announcement, Binance will release adjustments to the USDT-denominated ANTHROPICUSDT Pre-IPO perpetual contract ahead of Anthropic’s official listing. Specific adjustment timelines and details will be announced separately. Until the new announcement is released, the contract will remain priced based on an estimated 1 billion shares. Per the S-1/A-2 filing submitted by Anthropic, the share count is expected to be adjusted to 13,116,075,288 shares. The ANTHROPICUSDT Pre-IPO perpetual contract’s underlying asset is the price of one common share of Anthropic, PBC (hereafter referred to as Anthropic). The share count is calculated based on the number of issued and outstanding common shares. Outstanding unexercised options, unsettled restricted stock units (RSUs), convertible securities not yet converted into common shares, shares issuable under the underwriter’s over-allotment option, and shares reserved for future ungranted issuance under equity incentive plans are not classified as common shares and thus excluded from the calculation.

According to Onchain Lens monitoring, a whale has just withdrawn another 742.5 BTC from Binance, worth approximately $51.48 million. Over the past 19 hours, the whale has received a total of 1042.5 BTC from Binance, valued at around $72.89 million. Currently, the wallet holds approximately 1,410 BTC, worth about $97.81 million.

Well-known trader Doctor Profit stated in a post that he believes Bitcoin has bottomed near $68,000 and is aggressively buying at this level. Bitcoin is currently in the "golden pocket" range of Fibonacci retracement and has hit the 200-week moving average. According to him, over the past decade, the combination of the 200-week moving average and Bitcoin's four-year cycle has been a key signal for identifying bear market bottoms in each cycle. He also noted that in June, some traders were bearish on Bitcoin when it traded around $60,000, but the price subsequently rose to $87,000. Doctor Profit expects Bitcoin will not hit a new low in the current cycle.

According to the Financial Times, driven by higher-than-expected U.S. inflation and hawkish remarks from Federal Reserve officials, U.S. Treasuries are set for their largest weekly sell-off in over 18 months. The 10-year U.S. Treasury yield rose to 5.12% on Friday, up 26 basis points from the end of last week, marking the biggest weekly gain since former President Trump announced "Liberation Day" tariffs in April 2025. The 2-year U.S. Treasury yield, more sensitive to interest rate expectations, climbed 32 basis points this week to 4.85%, its largest weekly increase since the end of 2024. U.S. October CPI rose 0.4% month-on-month, exceeding market expectations. Fund managers and traders noted that many investors who had repurchased Treasuries after selling off in September—betting the global bond market sell-off had ended—were forced to exit after the inflation data release, amplifying the rise in yields. Matt Scott, global head of trading at AllianceBernstein, said active management firms’ Treasury buy positions built over the previous two weeks have been largely unwound in the last two to three days. As of Friday, markets have fully priced in a 25 basis point Fed rate hike in December, with a small probability of a 50 basis point hike. Fed Governor Christopher Waller previously stated that if inflation remains high, a 25 basis point hike alone could undermine the Fed’s credibility. Cleveland Fed President Loretta Mester also said on Thursday that interest rates need to be raised to curb inflation. Markets have now largely priced in a second consecutive rate hike in January next year, with a 10% probability of that hike just a week ago; a third cumulative rate hike by June next year has also been fully priced in.