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Last night and this morning, U.S. stocks fell sharply. Wall Street traders mentioned that algorithmic and programmatic selling exacerbated market volatility during this decline. A Goldman Sachs stock trader stated that the pain level of today's market is extremely high. Goldman Sachs trader John Flood pointed out that institutional buying has once again hit a stalemate, and the massive cloud computing positions bought by hedge funds during yesterday's rebound are being rapidly sold off, with no buyers stepping in to take over yet.Several senior traders described the liquidity state at the opening of U.S. stocks as having strong characteristics of liquidation, noting that algorithmic and CTA fund programmatic selling intensified the initial straight drop without buyers. According to Vanda Research, the scale of retail selling in the first 30 minutes of trading on Thursday set a record for the largest single 30-minute sell-off in recent months, approaching the peak during the retail panic exit at the end of July 2024.

Anthropic launched the personal finance feature Personal Finance for Claude on Thursday, available in beta form for paid subscribers of Claude Pro, Max, and Ultra in the United States. Users can link their bank and credit card accounts through Plaid, which handles the login process, allowing Claude to access financial data without account passwords. This feature can summarize expenses, identify duplicate charges or unusual fees, explain interest expenditures, and generate charts or billing calendars. Anthropic stated that access is read-only, and Claude cannot transfer, manage, or invest user funds; Personal Finance does not include ads or sponsored recommendations.Cryptocurrency investor Anthony Pompliano raised allegations after the feature's release. His product Silvia is positioned as a personal AI Chief Financial Officer, and he claimed that Anthropic employees have been in contact with Silvia engineers since April, ostensibly to understand the company's growth and computing power needs, but in reality to probe into the product's construction and reasons for its popularity. He also described a steak dinner allegedly attended by representatives of Anthropic, claiming someone informed the Silvia team that the meal was paid for by CEO Dario Amodei. Pompliano stated that his engineers refused to disclose sensitive information and claimed that someone at Anthropic warned his team several days in advance about the upcoming product release, noting that Silvia's use of its own models and hardware incurs computing costs approximately 97% lower than cutting-edge AI models.Anthropic is not the first general chatbot company to enter the personal finance space. OpenAI launched a similar bank account linking feature for ChatGPT in May, also providing read-only access through Plaid. Anthropic stated that Personal Finance is just the first step and is exploring collaborations with licensed professionals and regulated financial institutions; currently, this beta version is limited to users of the three paid Claude subscription plans in the United States.

According to Coinglass data, the total liquidation across the network in the past 24 hours has expanded to 1.018 billion USD, with long position liquidations at 913 million USD and short position liquidations at 106 million USD.The liquidation amount for Bitcoin reached 254 million USD, while the liquidation amount for Ethereum reached 160 million USD.

According to Gate Market, the US stock AI hardware industry chain has encountered a collective sell-off, with chips, storage, semiconductor equipment, and optical communication sectors generally experiencing significant declines. The Philadelphia Semiconductor Index fell by 7.25%.In terms of chip stocks, AMD fell by 12.94%, NVIDIA fell by 5.33%, TSMC fell by 6.99%, Broadcom fell by 5.35%, Intel fell by 8.12%, Qualcomm fell by 9.00%, and Arm fell by 10.65%.In terms of storage and hard drive stocks, SanDisk fell by 13.77%, Western Digital fell by 12.78%, Seagate Technology fell by 12.74%, Micron Technology fell by 10.78%, and SK Hynix fell by 9.41%.In terms of semiconductor equipment and optical communication stocks, MKS Instruments fell by 10.03%, Lumentum fell by 12.21%, Coherent fell by 10.53%, Applied Materials fell by 7.15%, Lam Research fell by 8.66%, and ASML fell by 5.98%.

According to Gate market data, the U.S. stock storage sector continues to face sell-offs, with the Philadelphia Semiconductor Index dropping by 5.82%.In terms of individual stocks, SanDisk's decline has expanded to 11.00%, Western Digital fell by 9.44%, Seagate Technology dropped by 9.99%, SK Hynix decreased by 7.93%, and Micron Technology fell by 7.03%. The major individual stocks in the storage sector have all declined by nearly or over 7%.

The Financial Action Task Force (FATF) released a new report titled "Combating the Full Chain of Illegal Fund Flows Related to Scam Hubs," calling on countries to take globally coordinated action to dismantle scam parks and their criminal networks.The report points out that criminals use channels such as cash, virtual assets, and instant payment platforms to launder money, and leverage AI, deep forgery, and automation technologies to scale up their operations. Among these, virtual assets have become the core channel for money laundering; in some cases, scam hubs even have dedicated over-the-counter trading counters for handling virtual asset exchanges and domestic fund transfers.In one case, blockchain analysis revealed that the total amount of funds sent in by victims exceeded $100 million, ultimately flowing into a cluster of virtual asset wallets associated with a particular scam hub.To address this, the FATF proposed six core principles, including focusing on a broader criminal ecosystem, end-to-end disruption of illegal fund flows, enhancing interdepartmental information sharing and cooperation, rapid cross-border action (especially within 24-72 hours after an incident), a victim-centered approach, and continuously adapting to changes in criminal methods.

According to ABC News, U.S. President Trump stated that since the election ended, he has not spoken with Democrats Chuck Schumer or Hakeem Jeffries, but he said, "I think we can work together. If we can do that, it would be good for America. America has had enough."Trump stated, "After the midterm elections, I spoke with other Democrats, but not these two, rather with other Democrats who have been calling me. I also have friends within the Democratic Party."

The on-chain analysis platform Bubblemaps stated that it recently investigated four crypto KOLs and found that their wallet movements do not completely align with their public narratives. The conclusions are based on Bubblemaps' analysis and estimates. Regarding "Kimchi," which was launched in collaboration with Pump.Fun, there were rumors in the community that it earned about 40 million dollars on TRUMP. Bubblemaps estimated related profits to be about 6 million dollars based on its publicly available airdrop wallet and associated clusters, questioning the reasons for concealing the associations.For Solstice, Bubblemaps stated that the multiple meme coins it promoted showed dozens of new wallets buying in simultaneously, each holding about 0.5% to 1% of the supply, and the public wallets can be traced back to the token deployer.For Anglio, after analyzing about 534 posts in October, the platform noted that associated wallets bought in an average of about 20 seconds before approximately 61% of the calls and sold quickly afterward, estimating profits of about 130,000 dollars, and he has admitted to using such tactics.For 0xEthan, Bubblemaps stated that he often sells about three minutes after making a call, with public wallets and secret side wallets buying in simultaneously, estimating related profits of about 125,000 dollars.

Some observers of the Federal Reserve believe that Trump's strong opposition from voters in the midterm elections may alleviate the political pressure faced by Federal Reserve Chair Waller, allowing him to reduce political interference and focus on controlling inflation. Voters have listed the cost of living as one of their top concerns, fundamentally changing the political landscape surrounding the Federal Reserve.Since Trump's re-election in 2024, he has been exerting pressure on the Federal Reserve and its interest rate decisions, repeatedly calling for rate cuts, supporting an unprecedented criminal investigation into the renovation of the Federal Reserve's office building, and attempting to remove a sitting Federal Reserve governor. Against this backdrop, Trump chose Waller to lead the Federal Reserve in May of this year, after Waller had unusually shifted to support rate cuts. This has raised concerns among Democrats, who fear that the new chair may have agreed to adjust monetary policy according to the president's wishes.Claudia Sahm, Chief Economist at New Century Advisors, stated that in fact, if the election results prompt Trump to end the conflict with Iran and abandon further tariff increases, the Federal Reserve may not need to raise interest rates again at all.

The state of Arkansas in the United States has filed a lawsuit against the prediction market platform Kalshi, demanding that it cease the alleged illegal gambling activities. The state seeks compensation, recovery of unpaid taxes, and civil penalties in the lawsuit.Meanwhile, Kalshi continues to advance its federal appeal regarding the enforcement issues of gambling laws in various states.

According to the market information platform Liquid247.xyz, the current price of BTC is $80,536. The thickest order book is on Binance spot: sell orders amount to $14,199,500, buy orders amount to $8,657,200, with sell orders exceeding buy orders by $5,542,300.Coinbase's spot sell orders are also thicker than buy orders, but the scale is smaller than that of Binance spot. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to on-chain analyst Yu Jin's monitoring, a certain whale has liquidated a long position in CL worth 44.04 million dollars in the past 10 minutes, incurring a loss of 4.9 million dollars.This whale started to go long on crude oil a month and a half ago, gradually increasing its position to 148 million dollars; after a 14% drop in crude oil prices this week, the unrealized loss reached 15.08 million dollars. Currently, this whale still holds a long position in BRENTOIL worth 94.79 million dollars, with an unrealized loss of 8.35 million dollars.

Investor Serenity (@aleabitoreddit) posted that the current market deleveraging has become quite severe, with investors indiscriminately selling stocks related to the AI industry chain. Some companies' stock prices have even fallen back to levels before significant orders and performance expectations were realized.Serenity cited the storage chip company ESMT as an example, noting that the company has a market capitalization of about $2 billion, achieving a gross profit of $526.2 million and a net profit of $330 million in the third quarter, with net assets of approximately $937 million, of which net cash is about $740 million. Based on current performance annualized, its price-to-earnings ratio is only about 1.6 times. Despite ongoing market concerns about the cycle peaking, unsustainable profits, and lack of competitive barriers, the trend of DDR2 and DDR3 production lines exiting is tightening supply, and ESMT expects to hedge against declining consumer demand in the fourth quarter by raising product average prices.Serenity also pointed out that manufacturers like Samsung and Micron are gradually exiting DDR2 and DDR3 production lines, and Nanya Technology has also stopped related production lines, while ESMT's revenue mainly comes from these two types of storage products. It believes that the market underestimates the price support brought by the contraction of traditional storage supply and ignores the situation where Micron, Samsung, SK Hynix, and SanDisk are locking in profitability through long-term supply agreements and price floors. Serenity criticized that the market is selling off AI and storage industry chain companies that actually generate substantial cash flow while shifting funds to companies like Walmart, which has a price-to-earnings ratio of about 47 times, and CrowdStrike, which has a forward price-to-earnings ratio of about 180 times. The current focus is not on the actual free cash flow generated by companies but rather on indiscriminate selling.

According to SubConnect, its latest Bittensor revenue index shows that the annualized revenue generated by the subnet in the Bittensor ecosystem has risen to approximately 70 million USD. Last month it was about 50 million USD, and two months ago when the index was first released it was about 35 million USD, with a month-on-month growth rate of approximately 40%.

According to a case published by the People's Court of Fusui County, Guangxi, in 2020, a couple in their seventies, referred by an acquaintance, participated in an overseas virtual currency mining machine financial management project, initially investing 4,200 yuan and successfully recovering the principal, followed by additional investments of over 60,000 yuan.In December 2020, the involved platform was shut down, and the funds could not be withdrawn. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of all investment funds and interest.The court found that the virtual currency investment behavior involved violated relevant financial regulatory provisions and contravened public order and good morals, rendering the entrusted financial management contract invalid. The investment losses primarily stemmed from the illegality of virtual currency trading itself and platform risks, rather than being directly caused by the actions of the trustee. Based on this, the court dismissed the plaintiff's lawsuit, and the second instance upheld the original judgment, which has now taken effect.

According to the Economic Times, Prabhjeet Singh, Managing Director of OpenAI India, stated that India has become the largest market for ChatGPT globally in terms of weekly active users, with the number of local users doubling since January this year. Singh joined OpenAI in August this year, marking his first media interview since joining.Singh mentioned that OpenAI expects to release announcements related to the Unified Payments Interface (UPI) and payments in the coming weeks, as enterprise clients transition from pilot and demonstration phases to large-scale production deployment. Addressing concerns about the potential misuse of autonomous AI entities, Singh stated that OpenAI is collaborating with government agencies and businesses to protect critical infrastructure.

A trader has been liquidated multiple times in the past 7 days, involving positions exceeding 52.5 million dollars, and currently still holds about 5.54 million dollars in BTC short positions.