CryptoQuant: Analyst sentiment has entered a clearly bearish zone, with the market consensus index dropping significantly.

According to data from BIT Stock Platform, U.S. pre-market trading saw AI cloud service provider CoreWeave (CRWV.O) rise as much as 17%, and is now up 13.5% at $55.3. CoreWeave released its financial results this morning: third-quarter revenue jumped 167% year-over-year to $3.66 billion, beating the market expectation of $3.55 billion; its per-share loss was $0.95, narrower than the projected $1.16. The company projects it will achieve adjusted profitability in the first half of 2028. CoreWeave raised its full-year 2026 revenue guidance from $12.4–13.2 billion to $13–13.3 billion, and increased the lower end of its full-year expense guidance by $20 billion, with the new range standing at $37–39 billion. As of the end of September, the company’s signed but unrecognized revenue reached $132.5 billion, up from $104 billion at the end of June. Third-quarter capital expenditure rose to $14.5 billion from $9.4 billion in the prior quarter.

CoinShares has released its October digital asset fund manager survey. This round featured 28 investors, representing approximately $642 billion in assets under management (AUM). The average allocation to crypto assets in respondents' portfolios rose to 1.3% from 1.2% in July. Funds are increasingly shifting from stocks and bonds to alternative assets such as commodities and crypto, rather than cash. The largest allocators remain groups with more flexible mandates, including family offices and individual investors. Regarding investment motivations, portfolio diversification climbed to 40% as the top reason, a trend that has persisted since the survey’s launch in 2021. Speculation has fallen to fifth place, accounting for less than 9% of responses. More respondents now view crypto as having allocation value, while replies citing client demand as an investment driver have dropped significantly. In holdings-related responses, Bitcoin and Ethereum remain core positions, together making up 47% of allocations. Bitcoin still holds a substantial lead in growth outlook assessments, while the outlooks for Ethereum and Solana have improved slightly. Respondents are shifting from established altcoins outside Ethereum to newer tokens, with Sui, NEAR, Aave, Hyperliquid, Uniswap, and Chainlink being frequently mentioned.

Binance Research’s latest report notes that while institutional capital has flooded the crypto market, it is flowing primarily into passive beta products such as ETFs, with the active management segment lagging behind. The core reason is not a lack of talent or returns, but the absence of a "discovery and validation" intermediary layer connecting capital and managers. Currently, funding for crypto active strategies remains heavily reliant on personal networks and conferences, with a lack of standardized performance verification and benchmark systems. Surveys show 80% of asset allocators prioritize asset safety over historical returns; verified trading platform data significantly strengthens due diligence, while managers cite hard-to-verify performance and lengthy compliance reviews as the biggest barriers to fundraising. Capital Connect data reveals extreme polarization in capital allocation: directional strategies account for 44.3% of total funds but hold only 6.7% of capital. Conversely, market-neutral, statistical arbitrage, and traditional multi-strategy funds, though making up less than half of total funds, have attracted 92.1% of capital. The average institutional investment size in neutral strategies is roughly 11 times that of directional strategies. In October, BTC fell 7.2%, but directional funds posted an average +1.9% positive return, while neutral strategies gained +1.0%, confirming active strategies’ resilience amid downturn pressure. Binance Research concludes that institutional preferences and the introduction of traditional structures are driving the crypto market toward maturity, yet allocators remain highly selective. Only a robust validation system and operational infrastructure can truly unlock inflows of active management capital.

Beating AI News Flash: Anthropic has upgraded Claude, which now lets users open full editors of third-party tools like Notion and Confluence directly alongside the chat window. Users can edit content themselves, or instruct Claude to modify the active document directly, with results visible in real time. MCP (Model Context Protocol) originally allowed AI to read and modify data from third-party tools via APIs. In January 2026, MCP Apps was officially launched, further enabling third-party tools to embed interactive interfaces such as charts, forms, and task panels into AI chat windows. Claude supported this feature at launch, but only displayed simplified operation interfaces. The latest update now lets Claude display full websites and directly interact with the user’s active pages. App Tools, a core component of the update, allow web pages to expose their own operation functions to AI. For example, AI can read the active document and modify content via the web page’s provided APIs, with results directly appearing in the user’s current editor, eliminating the need for copy-pasting. This capability is built on the open MCP Apps extension, not a proprietary protocol exclusive to Claude. Tools including ChatGPT and VS Code already supported MCP Apps previously, and can now integrate these new capabilities.

Yield vault protocol Hyperwave announced in a statement that, due to rising operational costs and regulatory uncertainty, the project has decided to gradually cease operations. The protocol will officially shut down on December 16, and users are advised to withdraw funds before that date to facilitate faster withdrawals. After shutdown, any remaining net asset value (NAV) will be returned to wallets holding vault tokens. All vaults, including GWAVE, have now been set to withdrawal-only mode, allowing users to unstake at any time. Vaults will continue generating yields while converting funds into underlying assets to prepare for user withdrawals. Additionally, 100% of all revenue generated before the protocol’s shutdown will be used to repurchase and burn HWAVE. The project team reminds users to stay vigilant against phishing links that may emerge during the shutdown period. For questions about the shutdown arrangements, users can contact the official support team via Discord or in-app channels.

Citi raises Coreweave (CRWV.O) price target from $128 to $149.