Report: Rug Pull Incidents in the Crypto Space Have Decreased, but Their Impact Has Grown

According to Reuters, the latest draft prospectus shows that Anthropic plans to issue 825 million shares in its initial public offering (IPO), with an indicative price range of $70 to $78 per share. The cornerstone investors for Anthropic's IPO include AMD, Broadcom, Google, Micron Technology, Microsoft, NVIDIA, and TSMC Partners. These cornerstone investors will collectively subscribe for $26 billion worth of the company's common shares through a separate private placement.

According to TradingBeats' monitoring, a crypto whale liquidated approximately $5.019 million in long positions of SK Hynix (SKHX), selling at $903.41 for an estimated profit of $19,000. After the liquidation, the same address immediately placed a $5.001 million buy order at $880, planning to re-enter long positions once the price pulls back. The planned entry price is roughly 2.59% lower than the previous average selling price.

According to HTX market data, SOL has fallen below $85, currently trading at $84.69, with a 1.55% decline over the past 24 hours.

Beating AI News: Google issues an emergency Chrome security update, fixing 9 vulnerabilities in total. One high-severity zero-day vulnerability has been exploited in real-world attacks, marking the 8th confirmed in-the-wild zero-day flaw for Chrome this year. Tracked as CVE-2026-125350, the vulnerability is located in Chrome’s XML component and is a use-after-free (UAF) memory flaw. In simple terms, the browser frees a block of memory but still attempts to access it. Attackers could exploit this to corrupt memory, and in severe cases, execute malicious code. The vulnerability was reported by an anonymous security researcher on November 6. Google only confirmed that exploit code exists in real environments, and has not disclosed the attacker’s identity, target victims, or specific attack methods, nor has it verified whether the attack successfully ran malicious code. Google has temporarily restricted public release of the vulnerability’s technical details to prevent attackers from using the information to launch more attacks before most users complete updates. Currently, Windows and macOS users should update to Chrome 157.0.8103.50 or .51, while Linux and Android users should update to 157.0.8103.50. Users can check for updates via Chrome’s "Settings → About Chrome" menu, and a browser restart is required after installation. Users of Chromium-based browsers like Edge and Brave should also monitor for security patches from their respective developers.

Beating AI News: Elon Musk Finally Explains Why Grok 4.8 Has Been Delayed The Grok team abandoned its original JAX and SGLang software stacks, choosing to rewrite the entire reinforcement learning and inference system from scratch in C/C++—a shift that added significant development time. On September 14, Musk had disclosed that the 2.5-trillion-parameter Grok 4.8 was nearing pre-training completion, noting at the time that pre-training had switched to a self-developed C++ system, though reinforcement learning still relied on multiple patched legacy software stacks. That segment has now been fully rewritten. Grok 4.8 has completed pre-training, and the team also invested substantial effort in cleaning up supervised fine-tuning (SFT) data—the dataset used to teach the model to respond to user instructions. The model has since entered the reinforcement learning phase, with internal evaluation scores beginning to rise. Musk plans to roll out a test for a select group of Grok Bot users this week. He also took a direct jab at the previous generation: "Thank goodness, Grok 4.8 will be completely different from 4.7." However, he acknowledged the new model is not yet impressive, adding that this time the underlying foundation has finally been solidified, with far greater improvements expected in the future.

According to Business Daily, the International Monetary Fund (IMF) has urged Kenya to mandate cryptocurrency companies to share customer identity information with the government to prevent money laundering and push for legislation to implement the Travel Rule. The rule, an international anti-money laundering standard set by the Financial Action Task Force (FATF), requires virtual asset service providers (VASPs) to collect, verify, and share sender and recipient identity information during crypto transfers, with relevant data to be exchanged between service providers and Kenya’s Financial Reporting Centre (FRC), its financial intelligence unit. Kenya has been on FATF’s “grey list” since February 2024 due to gaps in its anti-money laundering and counter-terrorist financing frameworks. In its latest advisory, the IMF noted that “significant gaps remain in FATF-aligned crypto asset transfer information exchanges” and called for the relevant obligations to be incorporated into the recently released Virtual Asset Service Provider (VASP) Regulations or other appropriate legal documents as soon as possible. Previously, local authorities had required service providers to retain Kenyan customers’ identities and full transaction records for tax purposes, with trading platforms withholding digital asset tax at a 3% rate for remittance to the Kenya Revenue Authority (KRA). Chainalysis data shows that in the year ending June 2026, Kenya’s crypto transfer volume hit a record 740 billion Kenyan shillings (around $5.7 billion), making it Africa’s third-largest crypto economy, surpassing Ethiopia and trailing only South Africa and Nigeria. Local crypto activity is dominated by stablecoins, with Bitcoin accounting for just 2.0% of transactions – far lower than Nigeria’s 92%, Ghana’s 59%, and South Africa’s 22%. The IMF also pointed out that peer-to-peer (P2P) transactions are common in Kenya, a trend market participants say has fueled scams.