The shareholder-return ratio at five U.S. tech giants has fallen to a 15-year low amid AI spending, while their buybacks have been cut by 83%. According to Sina Finance, citing Reuters, Microsoft, Alphabet, Amazon, Meta and Oracle devoted 9.3% of cash generated by their businesses to dividends and buybacks in the first three quarters of this year, down from 27.4% a year earlier; operating cash flow rose 29% to a record $542.9 billion. Their capital expenditures doubled to $556.9 billion, exceeding the cash flow the companies had generated since data became available in 2011. Their combined free cash flow swung to a $14 billion deficit from a $143.5 billion surplus a year earlier. Buybacks fell to $13.6 billion from $81.8 billion a year earlier. Alphabet and Meta have made no buybacks so far in 2026, after repurchasing $66.5 billion of shares in the first nine months of last year. Amazon pays no dividend and has not repurchased shares since 2022. Microsoft accounted for nearly all of the five companies’ remaining buybacks, cutting repurchases in its September quarter to $4.4 billion from $5.7 billion a year earlier. Amazon’s third-quarter capital expenditure was $75.9 billion, nearly 80% more than the $42.4 billion it generated from operations, and it raised $48.1 billion in long-term debt during the quarter. Alphabet also had negative free cash flow and raised about $12.4 billion through share sales and $29 billion through debt issuance. Ellen Stanhope, co-head of investment management at Franklin Templeton, said companies had increasingly returned surplus capital to shareholders through buybacks and dividends over the past 15 years. She said the current trend may involve increasing equity and debt issuance as a way to seek funds from investors.

ICE's official account has deleted a post about its partnership with Trade.xyz but still retains a repost of Trade.xyz promotional content. According to Odaily, the companies plan to launch perpetual futures products on Hyperliquid for regulated U.S. markets, subject to regulatory approval. The markets would have separate clearing, customer identity verification and anti-money laundering systems, and the products would be linked to stock indexes, commodities and currency prices.

OpenAI Chief Executive Officer Sam Altman met with Samsung Group’s top executives in South Korea on Saturday to deepen cooperation on memory chips and AI infrastructure as global shortages intensify, Bloomberg reported.

Nscale is pursuing a $35 billion IPO as setbacks at its flagship West Virginia computing campus raise execution and financing risks. According to Sina Finance, the 2-gigawatt first phase of the Monarch computing campus is set to use 864 gas engines, after the project shifted away from its original hydrogen-powered plan. The 2,250-acre site is planned for up to 8 gigawatts, but has faced construction problems, local opposition and regulatory scrutiny, including stop-work orders and 10 violation notices related to stormwater controls. Anthropic has signed a $45 billion order for computing capacity at Nscale’s first West Virginia data center, accounting for more than 40% of the company’s $103 billion in contracted future revenue. Nscale disclosed in its IPO filing that funding for the facility has not been secured; Anthropic can terminate the agreement if financing is not obtained by the deadline. An Ernst & Young report commissioned by Nscale estimated that the campus’s first phase, including three data centers and 2 gigawatts of gas power, would cost $69.2 billion. A draft permit would allow the engines to emit 271 tons of formaldehyde annually at full capacity, while the facilities are expected to release 10 million tons of greenhouse gases each year. Nscale says the campus will operate at an average of about 55% of its permitted capacity and that its emissions controls can reduce actual emissions below federal standards. The project still requires a final state air permit and approval to fill wetlands and streams for additional data centers. Microsoft withdrew from a computing-capacity lease for a planned data center in Essex this month because the site is not expected to have power until the 2030s, increasing the importance of the West Virginia project to Nscale. The company reported revenue of $141 million and a net loss of $1 billion in the first half of 2026. Three people familiar with its financing plans said its IPO valuation target remains $35 billion, though one said a recent sell-off in the sector could reset valuations across the industry.

According to Jin10, OpenAI core product and platform lead Thibault Sottiaux announced that ChatGPT account switching is now available on the web, iOS and Android, with a desktop rollout planned soon. Sottiaux also previewed reset cards for each of the next two days. OpenAI's release notes say users can sign in to up to two accounts at once and switch between them without logging out, although only one account can be active at a time.

USDC’s circulating supply fell by about 800 million over the seven days through October 29, while total circulation stood at 70 billion. According to Odaily, Circle issued about 10.9 billion USDC and redeemed about 11.7 billion during the period. Reserves totaled about $71.4 billion, including $32.9 billion in overnight reverse Treasury repurchase agreements, $27.5 billion in Treasury securities with maturities under three months, $10.4 billion in deposits at systemically important institutions, and $600 million in deposits at other banks.

Stonk said its StonkFun website has been restored after it was taken offline following a domain attack and moved to new infrastructure. According to Odaily, on-chain functions are operating normally, and no users have so far been found to be affected. DNS changes may take up to an hour to sync on some networks, so Stonk advised users to wait an hour before connecting wallets through the website.

Elon Musk,赵长鹏,Binance,马斯克疑似暗讽Binance 币安被盗事件惊动特朗普 英特尔暴跌 前英特尔工程师发文 金色财经,​过去24小时，X上的KOL们在聊什么呢？

金色财经推出加密货币和区块链行业早报《金色早8点》3228期，为您提供最新、最快的数字货币和区块链行业新闻。

Anthropic 已提交 IPO 申请，估值预期 1.5 万亿至 2 万亿美元。从招股书的收入与毛利率看，大模型公司是不是一门好生意？

慢雾安全团队复盘 zkLink 78.3 万美元被盗事件：Arbitrator 任意外部调用叠加未清理的瞬态存储，攻击者如何一鱼多吃。

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给100万美元的Oracle债买5年违约险，一年保费3.15万美元；CoreWeave要11.45万美元。AI的信用警报已经响了。

沪指失守3600点，创业板指较6月高点回撤45%。估值、情绪、资金、政策多项指标交叉验证，A股或已接近阶段性底部，但筑底仍需时间。

a16z两位创始人本选举周期捐出9200万美元支持亲AI政客，用政治献金为自家万亿持仓护航。

Personal Agent缺的不是模型能力，而是主权归属、上下文控制和让各方愿意付费的商业闭环。

热钱包被EIP-7702授权清空，冻结约30亿、净损失约10亿，SAFU能不能兜底和信任修复才是关键。