Infinex: Early Governance Token XGP to Be Deprecated, Introducing Patron NFT Swap with Crates Plan

Nick Timiraos, chief economic correspondent at The Wall Street Journal and widely known as the "Fed mouthpiece", wrote in a new article that after the release of the third consecutive stronger-than-expected inflation report, a December interest rate hike by the Federal Reserve is now all but certain. The real question is the pace of hikes: whether to continue with 25 basis point increases per meeting, a one-off 50 basis point hike, or signal a series of consecutive 25 basis point increments. Timiraos noted that a rate hike at the Fed’s December 8-9 policy meeting is all but a done deal, with the bigger question being how quickly the central bank will act, and whether this remains the moderate adjustment of two to three additional rate hikes envisioned by multiple officials, or the start of a longer campaign to cool the economy and bring down inflation. Fed Governor Christopher Waller, who last week had supported holding rates steady, said ahead of the data release that if October’s core CPI rose around 0.3% month-over-month, a 50 basis point hike should be considered in December – and the data released that day matched exactly that scenario. Dallas Fed President Lorie Logan also signaled after the data release that, given current inflationary pressures, it may be necessary to speed up the pace of rate hikes, a tactical decision that typically falls to the Fed Chair.

Renowned trader Ansem issued a buy call for meme coin "mihao", which surged 50% in a short period, hitting a $17 million market cap. Ansem noted that "mihao" could help revive positive on-chain sentiment, as the token has avatar community attributes, facilitating social dissemination and community expansion, and features Chinese elements that may attract both Eastern and Western whales to accumulate. Ansem also claimed the on-chain market has bottomed out. Earlier today, Ansem updated his X profile picture, which references meme coin "mihao" — a cat modeled after the Chinese pinyin "nihao". According to GMGN data, "mihao" currently has a $17.5 million market cap, with a 24-hour trading volume of $47.2 million, and its price has risen over 26 times in a single day. BlockBeats reminds users that related tokens are highly volatile, so investment caution is advised.

Telegram founder Pavel Durov announced in a post that over 1 million self-custody Gram wallets have been activated on the platform in the past 48 hours. He added that GRAM (formerly TON) has surged 10% in the last 24 hours, making it the top-performing asset among the top 100 crypto assets by market capitalization. Durov previously stated on November 9 that over 700,000 self-custody wallets were created on Telegram in the preceding 48 hours.

Citrini analyst Jukan stated in a post that Anthropic made several remarks during discussions with sell-side analysts. Anthropic holds that it possesses the stability and top-tier talent absent in the open-source AI camp, and claims the AI market follows a winner-takes-all dynamic, adding that it will capture the entire market if it executes well. The analyst also mentioned that Anthropic said its contract with SpaceX will not be extended beyond mid-next year, and the development cost of Opus 5.5 exceeds $10 billion. The content is based on Barclays analysts’ retelling to investors after attending Anthropic’s non-deal roadshow, and is not part of a research report.

Binance co-founder He Yi posted that the past two days have seen a flood of gossip rumors targeting Asian women and spies, with many female industry practitioners being passively dragged into various scandals. She expressed mixed feelings about this, noting that she advocates gender equality—evaluating a person’s achievements regardless of gender. He Yi pointed out that women lack equal workplace opportunities, workplace harassment is rampant, and female managers who can take charge alone often invest far more time and effort than others. She added that accounts that spread rumors and stir trouble by exploiting gender should be purged from the industry. Binance’s legal department will provide legal protection for its female employees, and the company welcomes ambitious, down-to-earth women to join, promising a fair and transparent workplace environment.

According to a report from The Information, Anthropic has disclosed a new deal worth over $10 billion.