DeFi researcher Ignas said the crypto market appears to have few new narratives capable of driving short-term gains. According to Odaily, Ignas wrote on X that although institutional adoption of crypto is continuing, traditional financial institutions can capture most of its benefits without directly buying tokens, limiting the appeal of investing in tokens as a bet on institutional adoption. He said more of the upside may accrue to stocks and private markets. Ignas said many tokens risk becoming payment tools for institutional partnerships rather than accruing value from them, potentially leaving retail holders as exit liquidity. He cited HYPE, saying the trading thesis driven by NYSE-related news may have played out; the rollout of relevant licenses and their actual effect on buybacks remain to be seen. AVAX has partnered with the NYSE, but it is uncertain how much value the exchange’s use of its core ledger technology will bring to the token. Bitcoin could rise if expectations of monetary easing emerge, Ignas said, but that may be difficult before the AI bubble bursts. A crash in the AI market could hit crypto assets first. Meanwhile, altcoin speculation is shrinking, and market hype, FOMO and project teams’ token-selling narratives are losing financial support. Ignas expects the crypto industry to persist over the medium and long term, while facing challenges including a potentially tougher stance from U.S. Democrats and rising interest rates putting pressure on risk assets. He added that the bearish view itself could be a bullish signal worth watching, as a broad desire to sell may make it a time to consider buying.

Indonesian President Prabowo Subianto accepted Vice President Gibran Rakabuming Raka’s resignation, according to people with knowledge of the matter, Bloomberg reported.

CoreWeave’s third-quarter results brought some relief to AI stocks after last week’s selloff. Its shares rose 10% in pre-market trading on Wednesday, November 11, while bitcoin held steady near $74,000. CoreWeave Raises 2026 Forecast to $13–13.3 Billion CoreWeave, which rents cloud computing capacity to AI companies, said on Tuesday that third-quarter revenue grew 168% year over year. It raised its full-year revenue forecast to $13 billion to $13.3 billion. Its net loss widened to $709 million, or $1.27 a share, driven by higher interest costs. That was a smaller loss than the $1.53 per share analysts had expected. AI Infrastructure Stocks Rally The gains spread across AI infrastructure stocks: IREN rose 6%Galaxy Digital (GLXY) rose 5%Cipher (CIFR) gained 7%Nasdaq 100 futures climbed more than 1.5% Bitcoin and Gold Hold Steady Bitcoin was little changed over 24 hours at around $74,000, and gold held near $4,000 an ounce. The Dollar Index stayed above 102 after Tuesday’s hotter-than-expected inflation report strengthened expectations for higher US interest rates. Traders priced about an 86% chance of a quarter-point Fed rate hike on December 9 and a 14% chance of a half-point move. Anthropic Considers Higher IPO Valuation Anthropic’s bankers are considering an IPO valuation of $1.5 trillion or more, the Financial Times reported, citing people familiar with the matter. That would be above Tuesday’s target of about $1.4 trillion on a fully diluted basis. Anthropic’s filed price range is $70 to $78 a share. Strategic partners including Google, Nvidia and Microsoft are set to invest $26 billion in a separate private placement at the IPO price.

Zcash (ZEC) dropped to $962.85 on Wednesday, falling below $1,000 for the first time since September. According to Cointelegraph, the token’s 13.5% decline over 24 hours, recorded as of 12:20 pm UTC Wednesday, was the steepest among the 100 largest cryptocurrencies by market capitalization, while its seven-day loss reached 24.5%. The drop came amid a wider crypto market sell-off, with Bitcoin (BTC) down 5.8% and Ether (ETH) down 11.6% over the same period, according to CoinGecko. Crypto prices fell further Tuesday after US consumer prices rose 0.4% in October from the previous month, exceeding economists’ 0.3% forecast. Zcash supports shielded payments that conceal sender and recipient addresses as well as transaction amounts from public view. The cryptocurrency helped fuel this year’s privacy coin rally, gaining 138% in the 30 days to Sept. 7. It remains the largest privacy coin by market value, representing about 60% of the $28 billion category tracked by CoinGecko, whose total market value fell about 7% over 24 hours. ZEC was trading above $1,370 as recently as Friday, when the network activated its NU7 upgrade. The update reduced the target time between blocks from 75 seconds to 25 seconds to speed up transaction confirmations, and made about 12,224 ZEC in the network’s original privacy pool unspendable. The price decline followed a pledge by Grayscale to contribute $1 million to nonprofits and projects supporting the Zcash network. Grayscale converted its Zcash Trust into a US spot exchange-traded fund that began trading on NYSE Arca on Aug. 25. The fund saw about $15 million in net outflows in November through Monday, after recording about $46 million in outflows in October, according to SoSoValue.

According to CNBC, the NRF Retail Monitor showed U.S. retail spending rose 0.2% month over month to $561.7 billion in October, its slowest monthly pace since November 2025, while increasing 3.6% year over year. The data indicated consumers were showing signs of strain from high prices even as they continued spending. Core spending, which excludes restaurants, rose 0.3% to $454.2 billion and was up 3.4% from a year earlier. The National Retail Federation said a strong Halloween season and early holiday promotions supported sales. CEO Matthew Shay said households were managing budgets carefully and retailers were offering promotions and value pricing.

According to ChainCatcher, trader Ansem said in a post on X that on-chain markets have bottomed. He said sentiment was weak but expressed confidence in a Solana-based meme coin’s potential to spread through its community. Ansem said profile-picture culture could help expand the community and a social trading app could boost attention. He described the token as his pure meme coin pick for this cycle.

加密无政府主义真正要守住的不是代币价格，而是普通人能否在不暴露生活的条件下合作、赚钱与退出。

SEC首次为链上股票交易开出五年监管豁免，Uniswap把AMM和Hooks定位为可承载合规证券的交易基础设施。

Anthropic 将于 11 月 19 日登陆纳斯达克，最高募资超 900 亿美元，但环比增速已从 144% 掉到 47%，9009 亿美元的算力承诺才是真正的赌注。

Vitalik主张ETH应被视为价值存储，但每年净增发、供应政策仍可修改、网络又必须持续升级，ETH要成为真正的SoV还有三道坎。

通胀停在3.7%，家庭靠少储蓄维持消费，AI资本开支转向债务与股权融资，市场对这一切的“舒适”还没有被定价。

美国10月CPI超预期，12月加息概率升至九成，比特币跌破7.4万美元。利率预期升温是眼下币价最直接的压制。

贝莱德披露巨鲸正通过实物申赎把自托管BTC换成IBIT份额。扳手攻击与硬件钱包供应链风险抬头，自托管的安全叙事正被打破。

新加坡金融管理局（MAS）已为外国中央银行和金融机构启用了一个500吨的黄金金库。此外，随着新加坡黄金交易市场的扩张，该局还将从2027年4月起免除部分黄金批发服务的消费税。

苹果正在开发一款名为 Harbor 的 Mac 应用，它允许用户在本地运行开源 AI 模型，并连接多台配备 Thunderbolt 5 接口的 Mac 电脑，以共享内存来处理更大的工作负载。该应用目前以苹果旗下 Claris 品牌进行内部预览，旨在简化本地 AI 设置，同时避免用户数据存储在云端。

Strategy 若被 MSCI 剔除，被动基金将在 11 月 30 日前抛售 15.7 亿至 28 亿美元 MSTR，真正风险是击穿其靠股价溢价买币的飞轮。