Helius launches Privacy Rings, supporting on-chain private transfers and programmable privacy features on the Solana blockchain.

According to market sources, a source familiar with the matter revealed that Anthropic's initial public offering (IPO) has been fully subscribed, with orders covering all available shares.

After last week’s tech stock sell-off, concentration risks in the U.S. equity market have likely not been fully eliminated. New data shows that while retail investors and some hedge funds have sharply reduced positions, global macro funds have largely maintained their existing stock exposure, emerging as the next potential market risk for institutions. According to a Bloomberg report on Tuesday, Goldman Sachs’ prime brokerage data indicates that amid the S&P 500’s worst weekly performance since 2025, global macro hedge funds did not meaningfully cut their stock holdings. These funds primarily express views on macroeconomic and market directions via stock index futures, exchange-traded funds (ETFs), and swap contracts. Given their trades often involve large-scale index exposure, a rush to adjust positions if market sentiment worsens further could amplify volatility in major indices. Goldman’s data shows that last week, hedge funds’ net selling of individual stocks hit a four-month high, with tech stocks being the most heavily net-sold sector in both global and U.S. markets. Meanwhile, macro products including stock indices and ETFs recorded net buys. Besides global macro funds, systematic trading strategies may also be a key source of market volatility. Goldman’s tracked models show around 60% of global equity markets currently have negative trading signals. Per model estimates, S&P 500 futures could face ~$28 billion in potential selling pressure over the next week, rising to $45 billion over the next month. The options market’s positioning structure also adds to risks: SpotGamma data shows the S&P 500 has broad negative gamma exposure in the 7,000–7,550 point range. In this environment, option dealers, to hedge their positions, may sell more stocks when the market falls and buy more when it rises, amplifying short-term price swings.

Anthropic expects its operating margin to exceed 35% after long-term adjustments.

According to data from BIT Stock Platform, U.S. October inflation rose more than expected, fueling expectations of a significant interest rate hike by the Federal Reserve. The three major U.S. stock indexes opened lower across the board: the Dow Jones Industrial Average fell 0.4%, the S&P 500 dropped 0.6%, and the Nasdaq Composite declined 0.8%. Most leading tech stocks were lower, with Nvidia (NVDA.O) down 2.6%, Intel (INTC.O) down 2%, Micron Technology (MU.O) down 2.2%, while Apple (AAPL.O) rose 0.4%. Alibaba (BABA.N) fell 0.3% and plans to spin off its Tingtou Semiconductor unit for an independent listing on the Hong Kong Stock Exchange.

According to 21st Century Business Herald, Alibaba announced tonight that it plans to spin off its wholly-owned subsidiary Pingtouge (Shanghai) Technology Co., Ltd. for an independent listing on the main board of the Hong Kong Stock Exchange. A professional investment industry source told reporters that Pingtouge is valued at between $20 billion and $30 billion. Earlier media reports noted that Pingtouge plans to launch an IPO in Hong Kong next year, with a fundraising target of $2 billion to $3 billion. JPMorgan analysts estimated in January this year via a rough benchmarking approach that its potential valuation ranges from $25 billion to $62 billion.

CryptoQuant has released a report indicating that the contraction pace of USDT supply is faster than levels seen after the FTX collapse. Over the past 60 days, USDT’s market capitalization has shrunk by $6.6 billion, a decline more than double that of the same period in December 2022. Stablecoin growth has been a major funding source driving market rallies in the current crypto cycle, and this liquidity support is now gradually fading.