DeFi Development is pleased to announce the launch of the Japanese Solana Ecosystem project, DFDV JP.

Federal Reserve Vice Chair for Supervision Michelle Bowman said inflationary pressures persist, while the labor market is stabilizing, leaving room for further declines in inflation. She projected that October’s core PCE price index rose 3.3% year-over-year, driven mainly by higher energy prices and AI-related demand, noting that the lack of progress on inflation is not due to an overheating labor market. Bowman expects core PCE to converge toward the Fed’s 2% target next year as the AI construction boom and pressures from the Middle East conflict gradually ease. On policy, Bowman pointed out that recent declines in stock prices, rising U.S. Treasury yields, and a stronger U.S. dollar have tightened financial conditions, while the economy has strengthened so far this year. She emphasized that financial conditions have already tightened, adding that against this backdrop, the benefits of further monetary policy tightening must be carefully weighed against the costs it would impose on interest-rate-sensitive sectors. Whether AI demand can persist and how geopolitical risks evolve will be key factors shaping monetary policy direction in the coming months. She did not explicitly call for a rate hike, but stressed that the Fed still needs to work to bring inflation back to its 2% target.

According to the latest prospectus released on Tuesday, the seven co-founders of Anthropic PBC will collectively sell shares worth $1.75 billion in next week's initial public offering (IPO). Calculated based on the midpoint of the IPO's price range, each co-founder plans to sell shares worth approximately $250 million. According to the Bloomberg Billionaires Index, at this valuation, each co-founder's net worth will reach around $180 billion. The San Francisco-based company is seeking to raise up to $90.4 billion through its IPO and private placement, corresponding to a valuation of roughly $1.4 trillion. Per deal terms reviewed by Bloomberg, the IPO is scheduled to be priced on November 18 and start trading the next day.

According to data from the BIT stock platform, Microsoft (MSFT.O) has surpassed Nvidia (NVDA.O) in market capitalization for the first time since June 2025.

Secretary of Iran's Supreme National Security Council Rezaei stated that Iran and the United States are currently not engaged in any negotiations.

The yield on the 10-year U.S. Treasury has rebounded to 5%, marking its first such level since November.

According to a Bloomberg report, sources familiar with the matter disclosed that multiple financial institutions including Goldman Sachs Group, Citigroup, Banco Santander, and Deutsche Bank have committed around $270 million in funding for a joint stablecoin project. The funds are earmarked to cover the new company’s five-year operating costs, the sources added. Earlier this year, a group of 21 institutions unveiled plans for the firm, which will act as the issuer of a U.S. dollar stablecoin and is expected to be registered in the United States. The sources spoke on condition of anonymity due to the non-public nature of the information involved.