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NVIDIA's lobbying campaign against the ban has seen a significant decline in influence, and the relevant bill may be advanced more rapidly.

11 minutes ago

According to a report from The Information, NVIDIA has long vigorously lobbied against proposals that would restrict Chinese companies' access to its latest chips through overseas cloud service providers. However, since the Jensen Huang scandal broke out, this lobbying effort appears to have lost influence in Washington. This trend has made it easier for three bills to advance. The MATCH Act would limit exports of lithography equipment to China. The Overwatch Act would grant Congress greater authority to oversee the Commerce Department's decisions on approving sales of AI chips to countries like China. The Chip Security Act would require AI chips to have built-in tracking functions. The National Defense Authorization Act is expected to pass before the new Democratic-led Congress convenes in January next year. This gives Republican leaders an incentive to push the legislation forward now, as they still hold greater sway over the final content of the bill.

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Ondo to Launch Its Tokenized Stock on the First Day of Anthropic’s IPO

Matthieu de Vergnes, global head of institutional business at Ondo Finance, stated that the firm plans to tokenize Anthropic’s stock and bring it on-chain on the day of Anthropic’s IPO. He added that Ondo previously pioneered on-chain access for SpaceX, and will replicate that model this time, enabling investors across Southeast Asia and globally to participate in Anthropic’s IPO on the same day—provided they have a crypto wallet and internet connection. De Vergnes also noted that Anthropic could be the second-largest, or even the largest, IPO of the year.

10 minutes ago

Anthropic plans to raise up to $69.3 billion through its initial public offering (IPO), with an offering price range of $70 to $80 per share.

Sources: Anthropic plans to raise up to $69.3 billion via its initial public offering (IPO), with an offering price range of $70 to $80 per share. The company intends to issue 866,666,664 Class A shares in the IPO.

10 minutes ago

“Maji” voluntarily closed its long ETH positions on Hyperliquid yesterday and withdrew the funds.

According to monitoring by crypto analytics platform Yu Jin, a trader named "Ma Ji" voluntarily closed all his ETH long positions yesterday afternoon, and transferred his entire account funds to the address he uses for trading mining on the papertrade project. Since May last year, he has been aggressively going long on ETH almost every day. After his positions were liquidated yesterday morning, he recharged his account and reopened ETH long positions, but voluntarily closed all positions and emptied his account yesterday afternoon. Over the past 18 months, he has incurred cumulative losses of approximately $37.46 million.

10 minutes ago

US-Iran tensions ease, Brent crude plunges nearly 6% in a single day, with the largest on-chain long position now sitting on an unrealized loss of over $11 million.

With US-Iran tensions easing rapidly overnight, Brent crude on-chain recorded a 5.77% 24-hour decline. Per TradingBeats’ monitoring, the largest Brent crude long position on-chain now carries an unrealized loss of $11.62 million. The address opened this crude long position on October 19 at an entry price of $103, once holding an unrealized profit of over $2 million, with a liquidation price of $81.28.

10 minutes ago

WLFI: Token repurchases will be executed on Aster via a public wallet.

Trump family crypto project WLFI tweeted that WLFI token buybacks will be executed on Aster via a public wallet. The buyback initiative aims to strengthen long-term holders’ participation in governance. Additionally, funds may come from multiple sources, with USD1-related revenue—after deducting partner splits, direct costs, and other obligations—available to support the repurchases. The timing, scale, and execution methods of the buybacks will be determined by factors such as available resources and may be adjusted or terminated at any time.

10 minutes ago

Federal Reserve's Barkin: Clear direction for interest rate hikes, AI risks demand greater caution in policy pacing.

Richmond Federal Reserve President Tom Barkin signaled in a speech in South Carolina that interest rates still need to be raised, while emphasizing the need for a cautious pace of rate hikes. He delivered the remarks to the Greater Greer Chamber of Commerce that day, and will become a voting member of the Federal Open Market Committee (FOMC) in 2027. Barkin stated that inflation has been above the Fed’s 2% target for nearly six years, with risks to the central bank’s current dual mandate concentrated on the inflation side. Corporate profits are robust, consumers continue to spend, and unemployment has held at 4.5% or lower for a record period. He expects consumer spending will remain resilient through the end of the year; markets broadly anticipate a strong holiday shopping season, but how long this robust consumption momentum can persist remains an open question. Barkin also focused on potential demand shifts driven by the AI boom, noting that if technology underperforms expectations, corporate investment could contract, stock prices would decline, and consumption supported by asset appreciation might also cool.

10 minutes ago

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