10 #Bitcoin ETFs inflows 7,066 $BTC(+$703.6M) and 9 #Ethereum ETFs inflows 14,425 $ETH(+$48.32M) yesterday.

According to a Reuters report, people familiar with the matter disclosed that OpenAI is accelerating its push for a new round of financing worth approximately $30 billion, aiming to lock in investor commitments ahead of Anthropic’s expected mid-November initial public offering (IPO). The company’s valuation could exceed $1.4 trillion. SoftBank, Abu Dhabi’s investment firm MGX, and other existing investors are in discussions about participating in this financing round, though investment arrangements have not been finalized. The two firms are competing for a similar set of investors. Last week, OpenAI held meetings with long-term funds and sovereign wealth funds. Some investors believe this move is intended to secure capital that would otherwise flow to Anthropic’s IPO. OpenAI also needs funds to support large-scale infrastructure investments and strengthen its balance sheet amid a deteriorating IPO market and further delays to its 2027 IPO plan. According to one insider, OpenAI told investors that revenue growth has accelerated following the launch of GPT-6 Astra, with annualized revenue reaching $50 billion and projected to hit $70 billion by the end of the year. The company also aims to complete the financing before Anthropic discloses more complete financial information, which would prompt further comparisons by investors.

According to Bloomberg, sources familiar with the matter said former Google CEO Eric Schmidt holds roughly 1% of Anthropic through early-stage investments, and is poised to be one of the largest individual beneficiaries of the company’s initial public offering (IPO). He invested tens of millions of dollars in Anthropic’s Series A round in 2021, when the startup was valued at $461 million. It remains unclear whether he has sold any shares since then; both Schmidt and Anthropic declined to comment. Last week, investors valued Anthropic at between $1.8 trillion and $2 trillion. Even at the company’s latest valuation of $965 billion, Schmidt’s stake is worth nearly $10 billion. If Anthropic hits a $2 trillion valuation, the Bloomberg Billionaires Index estimates his net worth would rise by roughly a third, approaching $80 billion. Sources previously said Anthropic will kick off its IPO roadshow as early as the week of November 9, with trading expected to begin ahead of U.S. Thanksgiving, and a listing targeted for no later than the end of the year. Other major investors in the firm include Alphabet, Amazon, NVIDIA, and Microsoft.

According to Bloomberg, sources familiar with the matter have revealed that AI cloud computing company Nscale is in negotiations with Anthropic for a roughly $45 billion computing power supply agreement, which could be finalized as early as the next few days. No final decision has been reached yet, and the deal details remain subject to change; both parties declined to comment. The agreement covers the second facility at Nscale’s Monarch data center campus in West Virginia, U.S., and will utilize NVIDIA Vera Rubin AI chips to deliver 460 megawatts of computing capacity. Per Nscale’s IPO filings, Anthropic previously signed an infrastructure agreement with the company worth up to around $44.6 billion, and the current talks are for a second large-scale deal. Nscale is targeting a public listing at a valuation of approximately $30 billion, though some investors had previously urged it to lower its valuation target. The company publicly submitted its U.S. listing application in September, and is currently addressing feedback from the U.S. Securities and Exchange Commission (SEC) on the filing, having not yet launched its official IPO roadshow. Last month, Nscale closed a $3.36 billion pre-IPO financing round led by Third Point, with participation from NVIDIA, Apollo and other investors.

Papertrade issued a statement saying there are currently no plans to open transfers of PAPER tokens outside the contract, and will adjust short-term trading fees and the token issuance curve. The team believes PAPER perpetual contracts would expose the fund pool’s solvency to short selling, as external short positions may boost returns on manipulation attacks in these protocol-uncontrolled markets. The fee adjustment will be implemented in phases, only affecting trades where the closing price is within 0.06% or 0.1% of the opening price; trades exceeding the respective thresholds will retain their original fees. Based on backtesting data since launch, the team added, these adjustments impact bot strategy profitability roughly 15 times more than that of regular traders, and are expected to create room for relaxing open interest limits. On the token issuance front, going forward, for every $1 million in losses, tokens equivalent to 0.1% of PAPER’s current supply will be minted, with the exact rate dependent on the minting speed during contract upgrades. When the fund pool approaches or enters an insolvent state, it will no longer mint 100 PAPER per $1 in losses, instead adopting a time-increasing weighted multiplier mechanism. The team noted that in the long run, the new mechanism will gradually dilute the share of early holders, benefiting recent users. This upgrade will also introduce builder code initially restricted to whitelisted addresses, and adjust some contract permissions to guard against gas consumption attacks. The team will issue a separate announcement when the upgrade enters timelock, with plans to roll it out within 24 hours thereafter, pending final security checks.

According to BIT (bit.com) market data, U.S. tech stocks rebounded on Monday: the Nasdaq 100 index rose 1.2%, the S&P 500 index closed up around 0.4%, while the Dow edged lower. The semiconductor index ended its eight-day losing streak, which had marked the longest consecutive decline since October 2008. On individual stocks, Amazon closed up 5%, SanDisk gained 5.5%, and SK Hynix rose nearly 5%. Buy orders in the AI and chip sectors were mainly concentrated among the Magnificent Seven tech giants, but some stocks failed to hold their gains. CoreWeave, after being upgraded to a Buy rating by Goldman Sachs, rallied over 7% at one point, then gave back its gains, ultimately closing down around 0.4% near last Friday’s low. The spread on its 2032-maturity bonds remains hovering around 1000 basis points; credit spreads in the data center sector continue to widen, with spreads for hyperscale cloud computing-related debt hitting a record high. Goldman Sachs’ trading desk noted that the overall market remained in a wait-and-see state that day, with trading activity at only 3 out of 10 points. Long-term funds favored buying in consumer, macro product, and financial sectors, while hedge funds were net sellers, with sales concentrated in consumer, materials, and tech, media and telecom sectors. The S&P 500 reclaimed its 50-day moving average but failed to make a valid upward breakout. In the oil market, Middle East tensions drove U.S. crude to rise for the eighth consecutive day. Iran said it had “no choice” but to assert control over the Strait of Hormuz. The November WTI contract rose around 2.3% to close at $103.78, and the December Brent contract broke above $110. The rise in oil prices, combined with the roughly $25 billion in investment-grade new bond issuance expected this week, pushed the 10-year U.S. Treasury yield up by 5 to 7 basis points to 5.14%.

NVIDIA (NVDA) announced that using 8192 GPUs from Germany’s JUPITER supercomputer, it has successfully simulated a fault-tolerant quantum computing system with 104 qubits and verified a technique called "magic state distillation". NVIDIA noted that this technology could reduce the number of physical qubits required for fault-tolerant quantum computing by around 90%, and the simulation also cut the computation time from weeks to just days. This advance will help researchers test and optimize quantum computer designs earlier, but there are still technical challenges before practical application.