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Wall Street Journal chief economics reporter Nick Timiraos, widely known as the "Fed’s mouthpiece," wrote in a recent article that the rebound in U.S. inflation is breaking the gradual pace of rate hikes the Federal Reserve had sought to maintain. Fed officials spent all of October trying to quash market expectations of consecutive rapid rate hikes in the near term, but the latest released data has not aligned with that effort. Data released Tuesday by the U.S. Department of Labor showed that the annualized increase in core Consumer Price Index (CPI), which excludes food and energy prices, hit 3.7% in the three months ending in October, up sharply from 1.6% in the three months ending in July. The report has further cemented market expectations that the Fed will raise interest rates at its December 8-9 policy meeting. The real debate has shifted from whether a rate hike is needed to how quickly monetary policy should be tightened. The article notes that the Fed now faces two options: continue with its previously planned pace of two to three more 25-basis-point rate hikes; or act faster, by implementing consecutive hikes or even a single 50-basis-point increase to deliberately cool economic activity and curb inflation. On Tuesday, remarks from multiple Fed officials indicated that the latter option is drawing more attention. The article states that the Fed’s core dilemma is now clear: persistent, broad-based inflation calls for the central bank to act faster, while cooling AI investment and tightening financial conditions raise the risk of over-tightening. Whether the December meeting will deliver a single 50-basis-point hike or two consecutive 25-basis-point increases will be a key test of the Fed’s policy trade-offs.

Aave risk service provider LlamaRisk has submitted a proposal on the protocol’s governance forum, recommending that Aave V3 Core concentrate on mature, highly liquid collateral, while Aave V4 will support a wider range of assets through risk premiums and isolation mechanisms. The proposal aims to freeze the reserve pools of assets including rsETH, osETH, LBTC, tBTC, and rETH on Aave V3 Core. As of November 9, the collateral value tied to the proposal is roughly $1.33 billion, corresponding to approximately $1.03 billion in debt. Per the proposal, following the freeze, new deposits of these assets will be halted, and their loan-to-value (LTV) ratios will be cut to zero—meaning users can no longer initiate new loans using these assets as collateral. Existing positions may still be held, repaid, or migrated. LlamaRisk plans to coordinate with asset issuers and key borrowers to shift positions to either the collateral retained in V3 Core or Aave V4. If the relevant exposure does not decline, future steps could include gradually lowering the liquidation threshold based on asset conditions, or considering raising borrowing rates in the final phase.

According to people familiar with the matter, Nvidia CEO Jensen Huang walked into the company’s headquarters in Santa Clara, California, on Monday and chaired the usual morning meeting with senior executives. The sources said that at the start of the closed-door meeting, Huang first apologized to employees over the recent controversy. He took no questions and quickly shifted the discussion to business operations and the day’s key agenda items. Huang also came to the office for a meeting on Tuesday. Nvidia is set to release its quarterly earnings report in one week. Insiders at the company said Huang is trying to create an atmosphere of "business as usual", but the mood inside the firm is downbeat.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, five addresses withdrew a total of 3.102 million UNI from Coinbase over the past seven hours, at an average withdrawal price of $6.7. Four of the five addresses had highly similar withdrawal times and amounts, and none of the receiving addresses have transferred or sold the UNI so far.

Beating AI News Flash: Alibaba announced that its new-generation Qwen large language model Qwen4 is now available for public testing, with the flagship Qwen4-Max preview version launching first. The model has been integrated into Alibaba’s Token Plan, Qianwen Office, Qoder, Qianwen App, and QwenStudio. This generation focuses on upgrades in complex programming, front-end design, and agent capabilities. Alibaba also emphasized professional office work and software operations, aiming to enable the model to autonomously use tools and complete multi-step tasks. Qwen4 has been teased for months; in September this year, Alibaba announced that Qwen4, built on a new architecture, was in training. The earlier-released Qwen3.8-Flash-Next has already opened an experimental version of the new architecture in advance. Per the previously announced product roadmap, the Qwen4 series will also include Flash, Plus, and a 27B version for local deployment.

According to TradingBeats monitoring, as of press time, io:ANTH—deployed by Entropy on Hyperliquid—trades at 1806 points, up roughly 9.9% over the past 24 hours, corresponding to a fully diluted implied valuation of Anthropic of around $1.81 trillion. xyz:ANT, deployed by Trade.xyz, is at $103.91, up ~6.3% in 24 hours, about 33% higher than the IPO price range’s upper limit of $78. Combined 24-hour trading volume of the two contracts totals ~$248 million, while the total nominal value of open interest stands at approximately $147 million. Anthropic kicked off its IPO roadshow last night, planning to issue 825 million shares at a price range of $70 to $78 per share. The prospectus also revealed that seven companies including Google and Nvidia will participate in a concurrent private placement totaling $26 billion at the final IPO offering price. Before and after the terms were disclosed, io:ANTH briefly dropped to 1539.6 points, then rebounded by around 17.3%. CNBC cited sources familiar with the matter as saying that on the first day of the roadshow, institutional orders within the price range were sufficient to cover the planned shares, and market demand has provided new support for the valuation rebound. The largest long position holder in the Entropy market has not yet closed out their position. The address starting with 0x9a80 currently holds a long io:ANTH position worth ~$14.92 million, using 5x isolated leverage. The average entry price corresponds to an implied Anthropic valuation of roughly $1.98 trillion, with an unrealized loss of ~$1.4 million, and the liquidation price corresponds to a valuation of about $1.31 trillion. In the xyz:ANT market, an address starting with 0x33b7 opened a new long position worth ~$2.51 million at an average price of $93.65 during last night’s post-disclosure drop, and is now sitting on an unrealized profit of approximately $270,000.