SoftBank shares fell 14.4% on Thursday and plunged another 10.83% at Friday’s open as the company was swept into the technology-stock selloff. According to Sina Finance, reports that China would not approve SoftBank’s $5.4 billion acquisition of ABB’s robotics business also weighed on market sentiment. Masayoshi Son’s high-profile technology investment empire at SoftBank, built with tens of billions of dollars, is under severe pressure. SoftBank shares have fallen 45% over the past month. The company’s credit risk reached a four-year high today, as measured by five-year credit default swap (CDS) spreads. The spread widened at one point to 466 basis points, its highest level since October 22, 2022, corresponding to a 30.6% probability of default. SoftBank’s core anchor asset remains its approximately 90% stake in Arm Holdings. Arm’s chip architecture supports most mobile and enterprise AI computing workloads. Concerns over an election “blue wave”—a Democratic landslide—put companies such as Arm in the spotlight and weighed on SoftBank. SoftBank also holds a $64.6 billion stake in OpenAI. OpenAI had already decided to postpone its IPO until 2027. With market sentiment shifting after the Democratic landslide, rumors that Anthropic, which is preparing to go public, may not achieve the $2 trillion valuation many had expected have also put pressure on the outlook for OpenAI’s valuation.

T1 has an 82% probability of advancing to the League of Legends World Championship semifinals, with the result due at 22:00 UTC. According to Odaily, predict.fun said on X that GEN, Invictus Gaming and Bilibili Gaming have secured semifinal places, while the final spot will go to either T1 or Karmine Corp.

A cryptocurrency address with an 80% BTC trading win rate reduced its short position by about $9.38 million. According to Odaily, the address completed five BTC trades between October 2 and November 6, 2026; from 11:43 to 22:41 (UTC+8) on November 6, its short position fell from 175.04788 BTC to 51.5341 BTC, a net reduction valued at about $9.33 million. It still held a BTC short position worth about $3.91 million. The address is 0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5.

According to CNBC, John D. “Jay” Rockefeller IV, a former U.S. senator from West Virginia and healthcare advocate, died Friday at his home in Washington at age 89, the Washington Post reported. His family did not provide a cause of death. Rockefeller served five six-year Senate terms after being elected in 1984 and helped shape a 1997 program through which the federal government assists states in providing medical coverage for millions of uninsured children.

Companies in the Nasdaq Composite lost about $2.5 trillion in market value on November 5, as investors sold AI stocks over concerns that Democratic control of Congress could bring tighter oversight of the data center buildout. The Nasdaq fell about 5.5% that day.The selloff has put a spotlight on Anthropic’s planned initial public offering, expected to be the largest on record, with some prospective investors now questioning both its valuation and its timing.Stocks Rallied, Then ReversedUS stocks opened higher on November 4 after Democrats won control of both the House and the Senate, according to projections by NBC News and CNN. The Dow rose 1.9% at the open.The rally reversed the next day. Nvidia fell about 7% and Broadcom about 8% during the session, according to The National. The Invesco QQQ Trust closed November 5 at $647.05, down 9.55% over the week. More than 50 tech stocks in the S&P Composite 1500 fell 10% or more in the two days after the November 3 vote.The selling spread to crypto, where more than $1 billion in leveraged positions were liquidated over 24 hours, according to CoinGlass.What the Data Center Debate Is AboutThe fears center on data center policy. In March 2026, Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez introduced a bill that would pause construction of new AI data centers nationwide until Congress passes federal AI safeguards covering workers, consumers, the environment and civil rights. Coverage of the bill has not shown support from Democratic leadership.Republicans have backed a different approach. The SANDBOX Act, championed by Sen. Ted Cruz, would let companies test AI under controlled conditions. The White House supports a single federal standard.UBS analysts estimated that around 30% of expected 2028 US data center capacity additions could be at risk if construction is paused.Is AI in a Bubble?Investors are split.The bear case:Independent research firm New Constructs values Anthropic at just $150 billion and called the IPO an “unprecedented test of investor gullibility.”Investor Michael Burry has also criticized the valuation.Keith Lerner, chief investment officer of Truist Advisory Services, described a “buyers’ strike in tech.”The bull case:Anthropic’s Q3 revenue rose to $17.0 billion from $1.4 billion a year earlier and grew 47% from Q2’s $11.6 billion. Its operating loss narrowed to $567 million, according to its amended filing.Axios reported in late September that OpenAI’s annual recurring revenue is approaching $70 billion.AI stocks also bounced in pre-market trading on November 6, with IREN up 18.25%, SanDisk up 10.17% and Micron up 8.30%.Anthropic’s IPO: What the Filings ShowAnthropic filed its public S-1 on October 26 for a listing on the Nasdaq Global Select Market under the ticker ANT. Goldman Sachs and Morgan Stanley lead a group of 22 underwriters. An amended S-1 filed November 2 added third-quarter results:Revenue of $17.0 billionAn operating loss of $567 millionCash of $146.6 billion as of September 30About $895.4 billion in purchase commitments and leasesThe filing still leaves the price range and share count blank.The offering is expected to raise up to $100 billion, according to reports. Anthropic’s last private valuation was $965 billion, in its May Series H round.Timing and Valuation Under PressureAnthropic is aiming to list in the week of November 16, according to Yahoo Finance. But three unnamed prospective investors said the roughly $1.5 trillion target valuation will likely need to come down. One suggested it could land closer to $1 trillion, and another raised the possibility of a delay. Investors had once expected as much as $2 trillion.Four people familiar with investor discussions said buyers doubt the roadshow can take place in time. Executives and advisers plan to meet in the coming days. Anthropic declined to comment.At $1 trillion, Anthropic would trade at about 15 times its annualized Q3 revenue, or about 22 times at $1.5 trillion.Signals to WatchA price-range amendment. The next confirmed signal will be an S-1 amendment setting the price range, which had not appeared on the SEC’s EDGAR database as of November 5.Policy detail. Investors will be watching for concrete statements from congressional leaders on data center rules once the new Congress is seated.The rebound. Whether AI stocks hold their November 6 pre-market gains will show if the selloff was a reset or the start of a deeper correction.

Elon Musk claimed Friday that SoftBank was defaulting on its turbine orders, but neither SoftBank nor any turbine maker has confirmed the claim. SoftBank’s five-year credit default swaps jumped 22 basis points to 466 on Friday, the widest level since October 2022, according to BeInCrypto. Musk did not identify a supplier or say SoftBank was defaulting on its bonds; investors have questioned how the group will fund its $64.6 billion OpenAI investment.

According to Jin10, White House National Economic Council Director Kevin Hassett said the policy is working and inflation is falling.

メンロ・ベンチャーズの最近のレポートによると、米国企業によるオープンソースモデルへの支出のうち、中国製モデルが89％を占めており、中でもKimiが61％でトップとなっている。

Jinse Financeは、AI、DeFi、DAO、NFT、メタバース業界に関する最新かつ最速のニュースを提供する「Jinse Web3.0 Daily」を創刊しました。

ウォール街が和解の手を差し伸べた後、ハイパーリキッドはなぜ急騰し、その後下落したのか？この記事では、HYPEの株価が97.9ドルの史上最高値から19%以上下落した背景にある4つの要因を分析する。

段永平氏は、一般市民の85％は投資に向いていないと述べたが、私は少なくともその半数は投資ではなくギャンブルをしていると思う。

中国人民銀行は、プロモーション活動における違反行為を理由に、複数のブロックチェーン関連企業を名指しで非難した。弁護士のマンキュー氏が、国内企業の活動とコンプライアンスリスクについて解説する。

ノーベル賞受賞者のアルジョンは、シュンペーターの成長パラダイムを用いてAIの成長効果を分析し、産業政策、教育、課税、国際協力の分野における政府の4つの新たな役割を提案している。

米国株式市場は一夜にして3兆ドルを失い、AI産業チェーンは激しいデレバレッジに見舞われた。このパニックの背景には、データセンターの認可と政策リスクへの反響があった。

韓国の取引所に上場されているコインのうち、「韓国国内でのみローンチされた」コインの割合は、2019年の85%から2024年には9%に減少する見込みだが、初日の取引量の少なさが取引所にとって新たな問題になりつつある。

Nvidiaは、AI工場建設資金を調達するために、残存価値保証、設備買収、株式投資などを活用しているが、3000億ドルに上るオフバランスシートの債務は、テールリスクを上流工程に集中させている。

Alphabetの時価総額は1日で5000億ドル近くも減少した。広告収入の伸びが検索ボリュームの伸びから初めて乖離し、AIエージェントが価格を比較して他者に代わって注文を行うようになるにつれ、広告モデルの基盤が崩れつつある。