BlackRock deposits 72,212 $ETH ($151.4M) to Coinbase; net outflows hit $1.74B since Oct 1

Alibaba Group (09988.HK) announced to the Hong Kong Stock Exchange (HKEX) that the HKEX has confirmed its proposed spin-off is eligible. Accordingly, on September 11, 2026, Tingtouge submitted a confidential A1 application form to the HKEX to seek approval for the listing and trading of its H shares on the HKEX Main Board. The proposed spin-off will be executed via a global offering of H shares, comprising a Hong Kong public offering and placements to institutional and professional investors. Upon completion of the proposed spin-off, Tingtouge is expected to remain a subsidiary of Alibaba. The proposed spin-off is subject to approval by the HKEX Listing Committee, completion of filing with the China Securities Regulatory Commission (CSRC), and final decisions by both Alibaba and Tingtouge before it can be finalized. Therefore, the company’s shareholders and potential investors are advised to exercise caution when trading or investing in the company’s securities.

A Reuters survey finds that roughly 55% of surveyed economists—56 out of 101 respondents—expect the December interest rate hike will signal the end of the current monetary tightening cycle, a share nearly unchanged from last month. Still, 45 economists project the Federal Reserve will raise rates at least two more times, including more than half of the surveyed primary dealers, in line with market pricing expectations. They add that risks to the inflation outlook have not shifted since the U.S. midterm elections, and political changes are unlikely to ease inflationary pressures quickly. While markets have pinned hopes on a resolution to the nearly 9-month Middle East conflict, which has pushed crude futures down more than 22% from their late-October peaks, inflationary pressures persist. A strong labor market, resilient economic growth, and inflation that has run above the Fed’s 2% target for nearly six years all point to the need for further monetary tightening. Tom Porcelli, chief economist at Wells Fargo, stated: "The Fed’s decisions hinge on upcoming inflation data, which will drive another rate hike. In fact, the Fed had more than enough reason to raise rates at its October meeting."

Online trading platform eToro’s third-quarter net profit plummeted 74% year-over-year to $15 million. Hit by subdued cryptocurrency trading activity, the firm’s net contribution revenue declined 13% year-over-year to $186 million. In October this year, eToro’s crypto trading volume dropped 62% year-over-year to 2 million transactions. As of the end of the third quarter, the number of funded accounts on the platform rose 18% year-over-year to 4.39 million.

Wall Street veterans Alex Popa and Charles Elkan are raising capital for a new stock hedge fund operated primarily by artificial intelligence (AI) agents and models. According to a Tuesday statement, their investment firm Poesis’s first strategy, AI Clarity, will open to external clients early next year. Popa and Elkan have been managing their own capital in the strategy since August. The 46-year-old Popa spent more than 15 years at Capital Group, where he previously served as portfolio manager for its American Growth Fund. The 63-year-old Elkan led machine learning efforts at Goldman Sachs Group. Sources familiar with the matter said the pair plan to add additional strategies, with the long-term goal of building a multi-strategy fund for institutional investors. Popa and his team could manage billions of dollars with fewer than 100 employees, resulting in lower operating costs than large multi-strategy funds such as Citadel and Millennium Management. AI Clarity invests in 80 to 100 large-cap US-listed stocks, with a target holding period of three years. The AI agents use quantitative models to research and select stocks, and determine entry and exit points for trades. When the agents detect potential market downturns, they hedge risk by shorting stock indices. Popa and his team set risk limits and other parameters, and review and approve all trades.

According to official announcements, Bitcoin mining company Bitdeer has released its third-quarter 2026 financial results: total revenue rose 89% year-over-year to $320.7 million, while adjusted EBITDA jumped 173% YoY to $69.6 million. Its self-mining hash rate increased 135% YoY to 82.3 EH/s, and quarterly Bitcoin production surged 248% YoY to 3,855 coins. For its AI cloud business, Bitdeer said it has locked in approximately $2.9 billion in pending revenue. The company’s global power capacity for AI data centers and Bitcoin mining infrastructure stands at 3.1 gigawatts.

Anthropic officials stated that the company plans to target a valuation of approximately $1 trillion in its initial public offering (IPO). The firm expects to set the IPO’s offering price next Wednesday, with trading commencing the following Thursday.