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.

承销投行把Anthropic估值定在1万亿美元，市销率仅12倍，增速远超苹果微软，散户份额最高20%。

当智能和劳动力都不再稀缺，真正拖慢技术落地的是验证环节：谁能让仿真、测试与数据闭环跑得更快，谁就握住物理世界的加速键。

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。