The Fed's Powell Warns of Stablecoin Risk, Emphasizes Need for Stronger Regulation and Reserve Review

According to monitoring by Onchain Lens, BlackRock transferred approximately $318.36 million in crypto assets from its ETF wallet to Coinbase over the past 30 minutes, including 2,252 BTC (valued at around $166.94 million) and 72,210 ETH (valued at around $151.42 million).

Mizuho Bank said it has cut Nvidia (NVDA.O)'s price target from $315 to $250.

Anthropic officials announced that the company plans to achieve a valuation of approximately $1 trillion in its initial public offering (IPO). The firm expects to set the IPO’s offering price next Wednesday and begin trading on Thursday.

Anthropic officials announced plans to issue 825 million Class A common shares via an initial public offering (IPO). The IPO is expected to be priced between $70 and $78 per share, with selling shareholders offering an additional 23,648,646 Class A common shares. Anthropic’s investors include Micron Technology, Microsoft, TSMC, and NVIDIA.

Anthropic officials stated that as of October 31, 2026, its annual revenue stood at approximately $81 billion, a $10 billion increase from September 30, 2026. The company’s board of directors and related entities may seek to sell up to $303 million worth of stock.

UBS forecasts that U.S. equities will rebound in 2027, supported by strong earnings growth and valuation recovery, to hedge against risks including high interest rates and constraints on data center construction. The team led by Keith Parker sets a target for the S&P 500 to reach 8,900 by the end of next year, representing an ~18% gain from Monday’s close of 7,549.94; it also projects 18% earnings growth for the index’s constituents by the end of 2027. The report identifies AI as the core theme, with bullish outlooks on semiconductors, software, and major cloud providers. Market concerns over capital expenditures have weighed on sector valuations, but related demand is accelerating. Nvidia, Micron, and Broadcom are expected to contribute roughly 45% of the S&P 500’s total earnings growth in 2027. The team warns that new data center regulatory policies could impact 30% of the U.S.’s planned new computing capacity for 2028. For portfolio allocation, it favors the Nasdaq 100 over the Russell 2000; healthcare is the top pick for defensive sectors, while financials are preferred among cyclical sectors.