☕️ GM! Here are the most important market events over the last 24 hours:
🌍Market Overview:
🔸 Anthropic filed its S-1 to list on Nasdaq as ANT as early as mid-November, with seven co-founders holding 50.1% of votes; Fortune says a $1.8T to $2.0T valuation would trail only SpaceX among market debuts.
#AI
🔸 Microsoft offered buyouts to about 60,000 employees, roughly 27% of its 223,000-person workforce, as it balances a costly AI build-out with September-quarter capex set to top $50B.
🔸 South Korea's Q3 GDP grew 1.0% vs a 0.7% Reuters poll, with chips driving about half of growth, as the Bank of Korea keeps a hawkish stance after back-to-back hikes in July and September.
🔸 Nvidia will invest $3B in Meta's $95B AI equity raise, after Meta stock fell 1.6% on Monday's announcement.
🔸 Kalshi will become S&P DJI's preferred platform for contracts settling on official index values, S&P DJI will explore indexes using Kalshi data, and the NBA will share integrity data with Kalshi.
🔸 OpenAI released GPT-6.1 Terra, which solved 50.3% of Terminal-Bench 4.0 tasks versus 21.5% for GPT-5.6 Terra, at 50% lower standard API prices, the rates developers pay to plug it into apps.
🪙Crypto Updates:
🔸 Ripple secured final OCC approval for a national trust bank to manage reserves of its $2.5B RLUSD stablecoin.
🔸 Hyperliquid outlined Kraken parent Payward's plan to become its first CFTC-regulated HIP-3 deployer, offering onchain perps to US clients via Bitnomial, subject to approval; an initial release is on testnet.
🔸 Ethereum merged a Glamsterdam fix for a flaw that could have credited staking deposits to builders sharing a public key; no losses were reported, and clients still need to implement it.
#Ethereum
🔸 Solana's Firedancer team now requires researchers to burn 1 SOL, about $100, per bug report to stem AI-assisted spam, after a $1M audit drew 809 reports but only 127 unique findings.
#Solana
🔸 Zcash co-founder Sean Bowe proposed redirecting the 8% of newly created ZEC that funds Zcash Community Grants into a reserve for future mining rewards, saying the program holds about $125M.
🔸 Chainlink said its CCIP will let the Hong Kong Gold Exchange's gold-backed XGZ token move beyond Ethereum, with HKGX the world's fourth-largest gold venue by volume.
#Crypto