Swiss National Bank officials told the government on Wednesday that the bank was prepared to act in foreign exchange markets if necessary. According to Sina Finance, the annual meeting covered global and Swiss economic conditions, inflation trends, and monetary-policy challenges; the bank said it kept its policy rate at zero in September and was ready to act in foreign exchange markets to ensure appropriate monetary conditions. SNB President Martin Schlegel and supervisory committee head Barbara Janom Steiner attended. Officials said Swiss inflation remained low by international standards and within the bank’s 0%-2% target range despite accelerating in recent months.

According to Jin10, a Reuters survey found that 23 of 30 bond strategists believe the U.S. 10-year Treasury yield is more likely to be higher than expected than lower than expected in the future.

According to Jin10, a Reuters survey projected the U.S. 2-year Treasury yield would fall to 4.66% in three months, 4.59% in six months and 4.33% in one year; the October survey had forecast 4.70%, 4.60% and 4.25%, respectively.

The London-based chip startup Fractile raised $720 million in a funding round that valued it at $7 billion. According to Sina Finance, people familiar with the negotiations said Anthropic is interested in becoming one of the first customers for Fractile’s chips. Founded in 2022, Fractile is developing AI chips with custom memory integrated into the chip. Founder Walter Goodwin said the design could make responses 10 times faster by addressing memory bandwidth limits in AI inference. The company has not yet mass-produced chips and plans to launch its first product next year. Investors in the round include Thrive Capital, Founders Fund, Conviction, Google’s venture arm CapitalG, Lightspeed Venture Partners, and the UK government’s Sovereign AI Fund. Nvidia, Etched, MatX, and UK-based Olix are also developing AI chips.

Analysts are lowering forecasts for S&P 500 profits next year as third-quarter earnings season winds down, with concerns about artificial intelligence spending and the fallout from the US midterm elections clouding the outlook, Bloomberg reported.

CoreWeave is turning to customer cash and equipment financing to support its expansion as raising money through unsecured debt becomes more costly. According to Sina Finance, the Nvidia-backed AI cloud company reported a revenue backlog of $132.5 billion at the end of September, up from about $104 billion three months earlier, and forecast quarterly revenue of about $4.8 billion, above analyst expectations. Its shares rose after Tuesday’s earnings report but remain about 65% below their May peak. The company has issued more than $10 billion in unsecured debt this year. CEO Michael Intrator said CoreWeave would not need to rely on unsecured debt markets at current yields. He said customer prepayments and deposits would cover a large portion of up to $39 billion in capital spending this year, with customer prepayments expected to total about $9 billion over the next three months. Fully depreciated AI chips also continue to generate high-margin revenue. Intrator said customer cash and financing from equipment suppliers could meet most of the company’s capital needs next year, with only limited financing required at the parent-company level. CoreWeave aims to reach at least 8 gigawatts of installed computing capacity by 2030, compared with 1.7 gigawatts currently. The company’s secured financing, backed by purchased chips and customer contracts, also carries risks, including potential exposure to force majeure events.

According to Odaily, market sources said Anthropic’s planned IPO has been oversubscribed several times.

引受を担当した投資銀行は、アントロピックの企業価値を1兆ドルと評価し、株価売上高倍率はわずか12倍、成長率はアップルやマイクロソフトをはるかに上回り、個人投資家の持ち株比率は20%にも達するとした。

知性と労働力がもはや希少ではなくなった今、技術の導入を真に遅らせるものは検証プロセスである。シミュレーション、テスト、データループをより高速に実行できる者が、現実世界への加速の鍵を握ることになるだろう。

暗号アナーキズムが本当に守りたいのは、トークンの価格ではなく、一般の人々が協力し、お金を稼ぎ、そして命の危険にさらされることなく抜け出せるかどうかである。

米国証券取引委員会（SEC）は、オンチェーン株式取引に対して初めて5年間の規制免除を認め、UniswapはAMM（自動マーケットメーカー）とHooksを、規制に準拠した証券取引をサポートできる取引インフラとして位置付けている。

Anthropicは11月19日にナスダックに上場し、最大900億ドルを調達する予定だが、成長率は144%から47%に低下しており、9009億ドルのコンピューティング能力への投資こそが真の賭けとなっている。

ヴィタリック氏は、ETHは価値の保存手段として考えられるべきだと主張するが、ETHが真の価値の保存手段となるには、年間純発行量、供給方針を変更できる能力、継続的なネットワークアップグレードの必要性という3つのハードルがある。

インフレ率が3.7％で停滞し、家計が消費を維持するために貯蓄に頼る割合が減り、AI関連の設備投資が負債や株式による資金調達にシフトしている状況下で、市場はこうした「安心感」をまだ十分に織り込んでいない。

米国の10月消費者物価指数（CPI）が予想を上回り、12月の利上げ確率が90%に上昇したことを受け、ビットコインは7万4000ドルを下回った。現在、仮想通貨価格に対する最も直接的な下落圧力は、金利上昇への期待感である。

ブラックロックは、大口投資家が自己管理しているBTCを現物換金によってIBIT株に変換していることを明らかにした。レンチ攻撃やハードウェアウォレットのサプライチェーンリスクが高まる中、自己管理のセキュリティに関する従来の認識は崩れつつある。

シンガポール金融管理局（MAS）は、外国の中央銀行および金融機関向けに500トンの金保管庫を開設した。また、金取引市場の拡大に伴い、2027年4月から一部の卸売金サービスに対する物品サービス税（GST）を免除する予定だ。