Democrats may investigate the Trump administration’s equity stakes in private companies after taking control of both chambers of Congress next January. According to Sina Finance, the inquiry could cover Intel and dozens of companies that reached equity agreements with the government during Trump’s second term. The administration’s stake in U.S. Steel, acquired by Nippon Steel, includes a “golden share” agreed as part of the June 2025 transaction. It gives the holder veto power over key decisions, including employee compensation, capital investment and a company name change. After Trump leaves office, the veto rights are to pass to representatives of the Treasury and Commerce departments, rather than to his successor. A month after the U.S. Steel arrangement, the administration agreed to a $400 million equity investment in rare-earth company MP Materials. The following month, Trump announced that the government would take a 10% stake in Intel. A Cato Institute tracker showed government equity stakes in 14 companies in January, one year into Trump’s second term, and 41 by November; nine investments were announced in May. Its count includes completed deals and announced agreements still under negotiation. Indiana University Associate Professor Sarah Bauerle Danzman said government stakes could become a focus of congressional scrutiny. She said lawmakers would seek to ensure the investments served national security priorities rather than providing favors to political or family connections. Democrats have also signaled plans to investigate potential conflicts of interest involving Trump, his family and business associates, and to scrutinize companies whose executives sought to curry favor with the president. White House spokesperson Matthew Middleton said the administration makes equity investments with companies voluntarily and works with the private sector to rebuild the U.S. industrial base and bring key production capacity back to the country. Republican support for the government stakes remains uncertain; some Republicans, including Rand Paul, have criticized the investments as a move toward socialism.

According to ChainCatcher citing EU-Startups, Cambridge-based semiconductor startup Tendrils has completed a $30 million seed round led by Benchmark. Visionaries Club, the UK Sovereign AI Fund, FR8, and Anti also participated.

According to ChainCatcher, NVIDIA shareholders are suing the company and founder Jensen Huang in a securities class action, alleging misconduct that misled investors. The lawsuit followed Huang’s recent admission of an extramarital affair on NVIDIA’s website. On November 9, U.S. President Donald Trump publicly backed Huang at a White House press conference, saying, “I believe him.” Laurence Rosen, the lawyer representing the plaintiffs, said Trump’s view that Huang was unaware of the alleged misconduct and the NVIDIA board’s statement that national security was not harmed would not determine the case outcome, even if those views were accurate. “The question is whether the statements on October 9, 2025, were misleading, and the existing facts support that conclusion,” Rosen said. The lawsuit currently names only NVIDIA and Huang as defendants. Rosen said it has not been determined whether to add other defendants, including members of NVIDIA’s board.

U.S. stock futures jumped, with Nasdaq 100 futures up 1.85% and S&P 500 futures up 0.82%. According to Sina Finance, CoreWeave’s third-quarter revenue reached $3.661 billion, up 168% year over year and above the $3.55 billion market forecast, and the company raised its 2026 guidance. Its shares rose more than 15% in premarket trading, while Nebius gained more than 12% and IREN Ltd. rose more than 7%. CoreWeave’s results eased concerns about slowing investment in AI infrastructure and helped lift other technology stocks. AI hardware stocks also climbed, led by memory, optical communications and semiconductor shares. SK Hynix, SanDisk, Lumentum and Coherent rose more than 8%. Micron Technology, Seagate Technology, Western Digital, Marvell Technology, Corning, Super Micro Computer, Dell Technologies, Intel and Arm gained more than 6%; Nvidia, AMD and Applied Materials rose more than 5%; and Oracle, Broadcom and ASML advanced more than 4%. CoreWeave reported a third-quarter net loss of $709 million, compared with a $110 million loss a year earlier. Its adjusted loss per share was $0.95, narrower than the $1.16 loss expected by the market. Its adjusted operating margin rose from 1% in the first quarter to 5% in the second quarter and more than 10% in the third, reaching double digits one quarter ahead of plan. The company now expects 2026 revenue of $13 billion to $13.3 billion, compared with its prior forecast of $12.4 billion to $13.2 billion. It expects adjusted operating profit of $1.275 billion to $1.375 billion, up from its previous outlook of $960 million to $1.15 billion. As of the end of September 2026, contracted revenue backlog stood at $132.5 billion, versus $104 billion at the end of June. CoreWeave expects its adjusted net loss to fall significantly in 2027 and to turn into adjusted net income in the first half of 2028 and for the full year. Executives said the company had received upfront payments for 70% of its deals this year, with some customers paying as much as 100% of contract value in advance. They said demand for 2028 was several times current available capacity and that effective demand secured by the end of 2027 was 10 times that capacity. CEO Michael Intrator said CoreWeave was raising GPU-compute rental prices, and older-generation GPUs remained commercially valuable. The company raised prices across product configurations by an average of about 25% in July and another 10% in the third quarter. Prices continued to rise in the fourth quarter, outpacing cost increases. Separately, Goldman Sachs analysts projected that Anthropic’s revenue would reach $685 billion by the end of 2030, nearly 150 times its $4.59 billion in 2025. They said its spending on computing infrastructure could increase more than tenfold to nearly $400 billion, with computing profits expanding by roughly the same multiple. Media reports said Anthropic’s investment bankers were considering raising its IPO valuation to $1.5 trillion or more.

US equity futures extended gains as positive results from neocloud provider CoreWeave Inc. helped offset bets on higher interest rates, according to Bloomberg.

Olaolu Aganga of Citi said strong earnings and attractive valuations continue to support US stocks despite recent volatility, according to Bloomberg. She spoke with Anna Edwards on Bloomberg Brief. Aganga discussed the long-term AI investment cycle, opportunities in cybersecurity and critical metals, and said AI productivity gains are still ahead. She warned inflation could remain hotter than expected, pushing rates higher and favoring shorter-duration fixed income and gold.

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。

pump.fun 95% 的收入来自还在曲线上或市值不足 25 万美元的币，平台的四重激励把 Meme 变成供给无限、需求消失的市场。

埃隆·马斯克承认，xAI即将推出的Grok 4.8性能不会超越Anthropic的Claude Opus 5.5，他称赞后者是“杰作”。他预计，Grok 5（可能在两三个月后发布）的性能将超越Anthropic的这款产品，而Grok 4.8则准备在本周晚些时候进行小范围推广。

近日，加密市场行情回落，BTC、ETH等主流资产均跌势为主。美国中期选举带来的监管政策不确定、美联储后续政策预期、科技股波动等因素都在影响加密行情。