4H Popular Cryptocurrencies and News | US October CPI Exceeds Expectations, Reaching Significant Interest Rate Hike Threshold; Anthropic IPO Pricing Range from 70 to 78 Dollars (November 11)

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CEX Popular Coins

Top 10 CEX Transaction Volume and 24-hour Price Changes:

  • BTC: -1.97%
  • ETH: -3.57%
  • SOL: -3.57%
  • ZEC: -10.36%
  • XRP: -4.24%
  • NEAR: -0.35%
  • PEPE: +5.66%
  • BNB: -1.38%
  • HYPE: -3.57%
  • UNI: -3.74%

24-hour Price Increase Rankings (data source: OKX):

  • ONE: +32.39%
  • GRAM: +9.05%
  • LIT: +8.85%
  • PEPE: +5.76%
  • NIGHT: +4.37%
  • TRUMP: +1.78%
  • TRX: +0.21%
  • FIL: -0.28%
  • ENA: -0.42%
  • NEAR: -0.44%

24-hour Coin Stock Price Increase Rankings (data source: msx.com):

  • AXTQ: +13.31%
  • AAOZ: +12.38%
  • VCX: +11.42%
  • AVL: +10.19%
  • MARA: +9.79%
  • COHQ: +9.72%
  • NVDQ: +9.09%
  • TTWO: +8.48%
  • LQDA: +7.58%
  • ETHD: +7.39%

On-chain Popular Meme Top 1 (data source: GMGN):

  • LAPTOP (Base) — A conditional token issued by Hunter Biden, designed with 30 predictive conditions. It activates two of those conditions after the Democratic Party wins both houses, destroying 5.5% of the supply, with a total destruction reaching 17.65%. Market cap of 24.65 million USD, with a 24-hour price drop of 22.67%.

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Headlines

U.S. October CPI Surpasses Expectations, Reaching Significant Rate Hike Threshold Mentioned by Waller

The overall and core inflation rates in the U.S. for October exceeded expectations, which may keep the Federal Reserve on track for interest rate hikes next month. According to data released Tuesday by the Bureau of Labor Statistics, the consumer price index excluding food and energy rose by 0.3% from the previous month. Overall prices increased by 0.4%. Due to data collection disruptions during last October's government shutdown, the Bureau did not release year-on-year changes. The report indicates that price pressures continue to intensify ahead of this month's midterm elections, with Democrats focusing primarily on living costs to retake control of both houses of Congress. This year, the Iran war, tariffs, and data center booms have driven inflation. This is the last CPI report Federal Reserve officials will see before the policy meeting on December 8-9. Investors expect a rate hike at this meeting to address inflation. Before the release, Federal Reserve Governor Waller stated that if core CPI rises by 0.3% or more, the Fed may need to raise rates by 50 basis points. (Jin Ten)

Anthropic Plans IPO to Issue 825 Million Shares, Indicative Price Range of $70 to $78 per Share

According to Reuters: The latest draft prospectus indicates that Anthropic plans to issue 825 million shares in its IPO, with an indicative price range of $70 to $78 per share. Cornerstone investors in the Anthropic IPO include AMD, Broadcom, Google, Micron Technology, Microsoft, NVIDIA, and TSMC Partners. Cornerstone investors will subscribe to a total value of $26 billion in common stock through another private placement. (Jin Ten)

Approximately $891 Million May Have Been Transferred or Laundered, Binance Hacker Still Holds $5.45 Billion in Assets

According to Onchain Lens monitoring, of the estimated $6.34 billion stolen by the Binance hacker, approximately $891 million may have been transferred or laundered, $2.85 billion is still accessible, $2.6 billion has been frozen, and the remaining total position is $5.45 billion. Over the past 2 to 3 days, the hacker has been continuously transferring funds through THORChain and Chainflip.

Industry News

S&P 500 Posts Largest Single-Day Gain in 7 Months, No Structural Reversal in AI Investment Cycle

Boosted by a significant rebound in U.S. tech stocks and a drop in international oil prices, Asian markets are expected to follow U.S. stocks higher. Index futures in South Korea, Japan, and Taiwan rose by at least 2%, with Australia's market up 0.8% in the early session, while Hong Kong's index futures performed relatively flat. In U.S. stocks, the S&P 500 index rose 2.3% on Monday, marking the largest single-day gain since April 8; the chip stock index rose nearly 7%, propelling the NASDAQ 100 index up 3.4%. However, NVIDIA's stock price fell 4.3% against the trend. In commodities, Brent crude oil futures fell nearly 6%, settling below $93 per barrel. U.S. President Trump expressed confidence in an end to the Iran war, and market expectations of a de-escalation in the Middle East drove oil prices down, alleviating inflation concerns. Market analysts believe that the previous tech stock sell-off was more of a position adjustment in AI investment trading rather than a structural reversal in the AI investment cycle. However, concentrated investor positions and high market expectations may still lead to volatility. The market will next focus on the U.S. October Consumer Price Index (CPI) data, with inflation increases expected to be lower than September. (Bloomberg)

NVIDIA's Decline Extended to 6.72%, Microsoft's Market Cap Surpasses NVIDIA for the First Time Since June 2025

According to MSX.COM data, NVIDIA's (NVDA.O) decline expanded to 6.53%, and its market cap fell to approximately $4.02 trillion. As a result of NVIDIA's stock price drop, Microsoft's (MSFT.O) market cap of approximately $4.03 trillion surpassed NVIDIA's, marking the first time Microsoft's market cap has exceeded NVIDIA since June 2025.

OpenAI's Third Quarter Revenue Rises to Approximately $10 Billion

OpenAI informed investors on Tuesday that its third-quarter revenue grew by 50%, reaching approximately $10 billion. Demand for the company's recent models such as GPT5.6 and Astra, as well as image models, has driven sales of its models through application programming interfaces. The company's revenue has also benefited from sustained growth in advertising sales. (The Information)

Polymarket's Annual Revenue Exceeds $1.8 Billion, October Trading Volume in the U.S. Exceeds $14.5 Billion

Prediction market platform Polymarket stated to CNBC that its annual revenue has exceeded $1.8 billion, a further increase from over $1 billion disclosed in June this year. Revenue growth mainly comes from the domestic exchange launched in May this year, which has a nominal trading volume exceeding $14.5 billion in October, more than tripling from $4 billion in June. The increase in trading volume was driven by demand for the FIFA World Cup, NFL season, and Combo event contracts. Among them, Combo contracts accounted for over 70% of platform trading volume on Sunday. However, Polymarket still faces short-term regulatory hurdles. The U.S. Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the company, focusing on its advertising practices and whether it has violated the settlement agreement reached with the agency, which prohibits U.S. residents from accessing its international trading platform. (CNBC)

Project News

NEAR AI Internal System Unauthorized Access Detected, Cloud Inference Service Suspended

NEAR AI announced that it recently discovered unauthorized access to its internal system and has suspended the NEAR AI Cloud inference service as a precaution and is conducting an investigation. NEAR AI Cloud's inference tasks run in a hardware-isolated trusted execution environment (TEE) to protect user prompt privacy. The official emphasized that the NEAR Protocol and other services in the NEAR ecosystem were not affected and stated that further investigation updates will be published within two hours.

Upbit to List HYPE

According to the official announcement, South Korean cryptocurrency exchange Upbit will list HYPE tokens in the KRW, BTC, and USDT markets, with trading starting on November 10 at 15:00 local time.

Loss of $1.106 Million, UXLINK Hacker Associated Address Cleared Nearly 30,000 ETH Long Positions via TWAP

According to on-chain analyst Ai Yi's monitoring, the UXLINK hacker-associated address (0xde8d...9524) cleared nearly 30,000 ETH long positions that had been held for nearly three months via TWAP 11 hours ago, with an average closing price of $2135.2, and a position value of approximately $64.66 million, ultimately incurring a loss of $1.106 million. At its peak, this position had once floated a profit of nearly $16.8 million.

Withdrawal Address New Whitelist Function, Polymarket New Address Requires Email Verification and 48-hour Lock

Polymarket has introduced a new whitelist feature for withdrawal addresses, where new addresses need email verification and a 48-hour lock.

Investment and Financing

Alta Completes $47.5 Million Series A Financing, Led by Index Ventures

Alta announced the completion of $47.5 million in Series A financing, led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49. Alta is a company developing Layer 1 blockchains for banks and large financial institutions. The valuation for this round of financing was not disclosed.

Marble Completes $11 Million Seed Round Financing, Led by Polychain Capital

Marble, founded by former BitGo and Galaxy Digital executives Matt Ballensweig and Leon Marshall, announced the launch and completion of $11 million in seed round financing, led by Polychain Capital, with participation from Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, and several angel investors in the AI field. Marble has two business lines: Marble Compute, which develops private credit pathways for AI infrastructure, connecting institutional lenders with new cloud service providers and GPU operators; and Marble Markets, focused on building an institutional trading platform covering digital assets, real-world assets, prediction markets, and computing power. Matt Ballensweig and Leon Marshall are serving as co-CEOs; Ballensweig previously served as Global Trading Director at BitGo, while Marshall was the CEO of Galaxy Digital's Europe business.

DECA Labs Completes Cumulative $12 Million Financing, Polychain Capital, Pantera Capital Participate

DECA Labs has completed a cumulative $12 million financing, with participation from Polychain Capital, Pantera Capital, and others.

Regulatory Trends

Sources: CFTC May Soon File Charges Against Kalshi, Involving Dozens of Prediction Market Contract Filing Issues

According to informed sources, the U.S. Commodity Futures Trading Commission (CFTC) has warned the prediction market platform Kalshi that it may soon file charges regarding the launch of certain prediction contracts. The CFTC is investigating whether Kalshi failed to fulfill appropriate regulatory notification procedures for dozens of new products in preparation, and the investigation has been ongoing for several months, potentially leading to a settlement resolution. A Kalshi spokesperson responded that the matter involves procedural errors in the submission process for a small number of contracts, most of which have not yet been launched, and Kalshi is already addressing the issue. (POLITICO)

Stablecoins Must Be Issued Through Independent Non-Financial Subsidiaries, Canada Plans to Ban Financial Institutions from Directly Issuing Cryptocurrency

The Canadian government has announced a budget bill that plans to prohibit federally regulated financial institutions from directly issuing cryptocurrency and requires stablecoins to be issued only through independent non-financial subsidiaries regulated by relevant laws. The bill requires the issued cryptocurrencies to have reserve guarantees such as redeemable at face value and asset isolation, and not to be included in public deposit insurance and government guarantee schemes. The Bank of Canada will be responsible for overseeing and enforcing compliance for issuers, and the regulatory framework for stablecoins is expected to take effect in the fall of next year.

IRS Sends Large Number of 6174 Tax Notices to Cryptocurrency Users

The IRS is sending a large number of 6174 notices to cryptocurrency taxpayers, reminding recipients to review their past filings. Clinton Donnelly, CEO of Cryptotaxaudit, stated that dozens of people have contacted the company recently, including clients; he noted that receiving a notice does not indicate any wrongdoing. Donnelly previously estimated that the IRS sends about 10,000 such notices monthly. The 6174 notice is a voluntary compliance reminder that informs taxpayers that the IRS has information about their cryptocurrency transactions and requests them to verify whether they have fulfilled tax filing obligations. Donnelly pointed out that the notice does not specify particular filing issues and generally does not require a direct response. He advises recipients to read the notice carefully and understand their situation, avoiding hasty amendments to their filings or submitting information to the IRS. (Bitcoin.com News)

Binance Will Not Be Able to Process Transactions Involving MEXC and Its Related Entities

Binance announced that, due to the recent classification of MEXC as a "Major Money Laundering Concern" by the Financial Crimes Enforcement Network (FinCEN), it will no longer be able to process transactions involving MEXC and its related entities.

Voices of Figures

Federal Reserve Governor Waller: We Are Not Super Hawkish, Will Not Raise Rates by 150 or 200 Basis Points

Federal Reserve Governor Waller stated: "We need to at least recoup the three previous preventive rate cuts. We are not super-hawkish; we just don't want to severely damage the economy or let it decline sharply. We will not raise rates by 150 or 200 basis points." (Jin Ten)

Federal Reserve Logan: The Fed Needs to Raise Rates at Least Twice More, Each by 25 Basis Points

Federal Reserve Logan recently stated: "Excessive inflation is unacceptable. The Fed may raise rates this winter at a faster pace than it has so far. Clearly, the Fed needs to raise rates at least twice more, each by 25 basis points. After raising rates twice more, it would be reasonable to pause and assess any further actions needed. Currently, the Fed's policy rate is at least 50 basis points below moderately restrictive levels. Gradual adjustments in policy can reduce the risk of economic activity worsening beyond necessary levels. Wartime energy disruptions are not the only source of price pressures, and the sources of pricing pressure are not limited to tariffs, and this broad trend of rising prices may continue." (Jin Ten)

Tom Lee: Bullish Outlook for Crypto Market in the Next 24 to 36 Months, ETH Price Weakness Reflects Industry's Lack of Patience

Tom Lee, chairman of the Ethereum treasury company Bitmine, stated that although the weak performance of the ETH price is disappointing, this reflects more of the industry's lack of patience. In 2026, the tokenization wave is steadily advancing and making significant progress, with the vast majority of tokenized assets being built on Ethereum, and Ethereum founder Vitalik Buterin reaffirming ETH's store of value positioning. In addition, Tom Lee believes that the cryptocurrency bull market has only just begun, and the AI narrative has not absorbed all new capital; comprehensively, he remains bullish on the cryptocurrency market outlook for the next 24 to 36 months and urges investors to be prepared.

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