According to Jin10, U.S. President Donald Trump said that if the Federal Reserve cuts interest rates, the United States can balance its budget.

Aave Labs, Veda Tech Labs, and Kamino Foundation submitted a legal analysis to the U.S. Securities and Exchange Commission challenging the use of human control and managerial discretion to determine whether crypto vaults are securities. According to ChainCatcher, their filing argues that active management or DAO governance alone does not establish a relationship covered by federal securities laws. The three organizations cite the Howey test and the Investment Company Act, arguing that managers’ investment decisions are not sufficient to make a vault a security or an investment company when users retain rights to their assets and there is no common enterprise or issuer. They say the standard proposed by the Crypto Council for Innovation is too restrictive. The groups agree, however, that paid advice on investments involving securities may still fall under the Investment Advisers Act. Last week, the Crypto Council for Innovation and members Bitwise, Galaxy Digital, and Morpho submitted a 238-page report to the SEC on when vaults should or should not be treated as securities. Its framework focuses on the degree of discretion and control exercised by vault managers, arguing that strategies governed by fixed rules and limited human intervention are less likely to qualify as securities. Aave Chief Legal and Policy Officer Linda Jeng said publicly established market rules and time for users to exit amount to operating a market, not managing other people’s funds. This week, SEC staff updated its crypto asset investment contract FAQ, acknowledging that decentralized governance can involve discretion without necessarily amounting to centralized control. The guidance did not directly address whether crypto vaults are securities. Former SEC Commissioner Hester Peirce had previously sought industry input on whether existing rules should be adjusted to accommodate vaults.

On Nov 03, 2026, 13:32 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,300 USDT benchmark and is now trading at 2,306.810059 USDT, with a narrowed 1.27% increase in 24 hours.

Institutional investors who plan to buy into Anthropic's IPO are converging on a lower valuation after last week's technology selloff, telling the Claude maker and its advisers that the company should be worth about $1.5 trillion to $1.6 trillion, according to people familiar with the matter cited by The Wall Street Journal. That is well below the figures near $2 trillion that had circulated in recent months. Investors point to choppy markets and mounting worry about overexposure to AI bets, along with political backlash against data centers and uncertainty over how soon hyperscalers such as Amazon and Meta can show AI-related profits. Anthropic has not settled on a valuation target and is still weighing how many shares to sell. It had already heard from some investors after last month's investor day that the number should be nearer $1.5 trillion, The Information and Reuters reported earlier — before double-digit declines in tech stocks including Intel and Alphabet following disappointing earnings. Some investors say they trust Chief Financial Officer Krishna Rao to set a conservative valuation and prioritize a first-day "pop" for IPO buyers. They argue that even a debut at roughly $1.5 trillion could climb to $2 trillion by the close of the first session. SpaceX jumped 30% on its first trading day in June, before AI jitters took hold more broadly. Anthropic plans to start its roadshow as soon as next week, targeting a market debut in the week before Thanksgiving. It will set out a target valuation when the roadshow begins by disclosing the number of shares it hopes to sell and a price range. Unlike SpaceX, which named a single price, Anthropic is expected to take the traditional route and propose a range, the people said. In an updated filing Monday, Anthropic said revenue reached $17 billion in the three months ended Sept. 30, up from $11.6 billion in the prior quarter, partly offset by $600 million in price cuts from new model versions and contractual discounts. It also disclosed purchase commitments and lease agreements with total committed spending of about $895.4 billion, including roughly $447.5 billion expected before the end of 2030 and substantially all the rest likely falling between 2031 and 2045. The shift in mood is spreading to other companies eyeing listings, many of which are waiting to see how Anthropic fares. A smooth debut is expected to unleash a wave of offerings early next year.

According to CNBC, Russia confirmed Tuesday that peace talks with Ukraine and the U.S. will take place in Abu Dhabi on Nov. 10-11. Kremlin spokesman Dmitry Peskov said Putin aide Vladimir Medinsky will lead Moscow’s delegation. Separately, Melania Trump will host Russian and Ukrainian representatives at the White House on Thursday to discuss a local ceasefire in Kherson, the White House said. A six-day ceasefire in Russian-occupied Oleshky and surrounding areas ended Monday. Ukraine accused Russia of using the pause to reinforce its military positions.

李佳琦直播间半小时卖出近10万份千问办公月卡，对应约2万亿Token额度，AI算力第一次被摆上全民货架。

摩根大通与高盛测算，民主党横扫两院是唯一利空美股的情景，AI 板块首当其冲。

Hyperliquid生态首个L2网络Elysium主网即将上线，PANews盘点29个已入驻项目，覆盖DeFi、LaunchPad、NFT、游戏与预测市场。

0.01 元的千问办公月卡卖出十万份，阿里用补贴换用户，而上游 Token 价格正在上涨。

Elliott警告美国赤字、通胀、私人信贷与AI泡沫叠加，几乎所有熊市警报都已拉响。

沃什把FOMC年度议息会议从8次压到6次，美联储正从数据依赖回归规则框架。

North Korea has rejected allegations that it was behind the $6.3 billion cryptocurrency theft from Binance, pushing back against the FBI's attribution of the record-breaking attack to a North Korean-linked hacking group.

Germany has warned members of parliament and other prominent figures that their iPhones may have been targeted by spyware, after Apple sent threat alerts to users in 99 countries. The BSI has advised recipients to assume their devices may be compromised, but the attackers' identities and the number of successful intrusions remain unknown.

Crypto hardware wallets are designed to keep users' private keys and recovery phrases away from online threats. But a suspected spyware implant found in a Trezor device sold through a former authorized reseller is raising a different security concern: wallets could be compromised before they even reach their owners.

Alchemy Pay has integrated its payment services into Telegram-based crypto platform Walt, allowing users in 173 countries to buy and sell cryptocurrencies using more than 50 fiat currencies and 300 payment channels.