24H Trending Coins & News | US October CPI Exceeds Expectations Across the Board, Hitting the Threshold for Aggressive Rate Hikes; Anthropic IPO Price Range Set at $70–$78 (November 11)
- Key Takeaways: The crypto market saw broad declines, but Meme coins and select altcoins bucked the trend. On the macro front, US CPI beating expectations reinforced rate hike expectations, while AI and prediction markets became capital hotspots.
- Key Points:
- Among the top 10 CEX trading volume coins, 9 declined: BTC fell 1.97%, ETH dropped 3.57%, with only PEPE gaining 5.66%; on OKX's gainers list, ONE led with a 32.39% surge.
- US October core CPI rose 0.3% month-over-month and headline CPI rose 0.4%, both exceeding expectations and hitting Waller's threshold for a 50-basis-point hike, fueling rate hike expectations.
- Of the $6.34 billion in assets stolen in the Binance hack, approximately $891 million has been moved or laundered, with $5.45 billion still held; funds continue to flow out via THORChain and other channels.
- Polymarket's annualized revenue surpassed $1.8 billion, with October US site trading volume exceeding $14.5 billion—more than 3x growth from June—though it faces a CFTC investigation.
- OpenAI's Q3 revenue grew 50% to approximately $10 billion; Anthropic plans to IPO 825 million shares at a price range of $70–$78.
- Canada plans to prohibit financial institutions from directly issuing cryptocurrencies; stablecoins must be issued through independent non-financial subsidiaries, with the framework expected to take effect next fall.
- Tom Lee is bullish on the crypto market over the next 24 to 36 months, stating that ETH's slump reflects a lack of patience in the industry and that tokenization is steadily advancing on Ethereum.
Popular CEX Tokens
Top 10 CEX tokens by trading volume and their 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%
Top 24-hour gainers (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%
Top 24-hour tokenized stock gainers (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%
Top 1 on-chain trending Meme (data source: GMGN):
- LAPTOP (Base) — A prediction-condition token issued by Hunter Biden, featuring 30 prediction conditions. If Democrats win both the Senate and the House, two of these conditions will trigger, burning 5.5% of the supply, bringing cumulative burns to 17.65%. Market cap is $24.65 million, down 22.67% in 24 hours.
Headlines
US headline and core inflation both exceeded expectations on a monthly basis in October, potentially keeping the Federal Reserve on track to raise rates next month. According to Bureau of Labor Statistics data released Tuesday, the consumer price index excluding food and energy rose 0.3% from the previous month. Overall prices rose 0.4%. Because data collection was disrupted during last October's government shutdown, the BLS did not publish year-over-year changes. The report shows that price pressures continued to build ahead of this month's midterm elections, in which Democrats, who campaigned heavily on the cost of living, retook both chambers of Congress. This year, the Iran war, tariffs, and the data center boom have all fueled inflation. This is the last CPI report Fed officials will see before their December 8-9 policy meeting. Investors expect them to raise rates at that meeting to combat inflation. Before the release, Fed Governor Waller said that if core CPI rose 0.3% or more, the Fed might need to raise rates by 50 basis points. (Jinshi)
Anthropic IPO Plans to Offer 825 Million Shares, Indicative Price Range of $70 to $78 per Share
According to Reuters: the latest draft prospectus shows that Anthropic's initial public offering plans to offer 825 million shares, with an indicative price range of $70 to $78 per share. Cornerstone investors in Anthropic's IPO include AMD, Broadcom, Google, Micron Technology, Microsoft, Nvidia, and TSMC Partners. Anthropic IPO cornerstone investors will subscribe to a total of $26 billion worth of the company's common stock through a separate private placement. (Jinshi)
According to Onchain Lens monitoring, of the estimated $6.34 billion stolen from the Binance hacker, about $891 million may have been moved or laundered, $2.85 billion remains accessible, $2.6 billion has been frozen, and the total remaining holdings amount to $5.45 billion. Over the past 2 to 3 days, the hacker has continued to move funds through THORChain and Chainflip.
Industry News
S&P 500 Posts Biggest One-Day Gain in 7 Months; No Structural Reversal in AI Investment Cycle
Boosted by a sharp rebound in US tech stocks and falling international oil prices, Asian stocks are expected to follow US equities higher. South Korean, Japanese, and Taiwanese stock index futures all rose at least 2%, Australian stocks gained 0.8% in early trading, while Hong Kong stock index futures were relatively flat. In the US, the S&P 500 rose 2.3% on Monday, its biggest one-day gain since April 8; the chip stock index rose nearly 7%, pushing the Nasdaq 100 up 3.4%. However, Nvidia shares bucked the trend, falling 4.3%. In commodities, Brent crude futures fell nearly 6%, settling below $93 per barrel. US President Trump said he was confident the war with Iran was coming to an end, and market expectations for a de-escalation in the Middle East pushed oil prices lower and eased inflation concerns. Market analysts believe the earlier tech selloff was more a repositioning within the AI investment trade rather than a structural reversal in the AI investment cycle. However, concentrated investor positioning and elevated market expectations could still bring volatility. The market will next focus on US October consumer price index (CPI) data, with inflation expected to rise less than in September. (Bloomberg)
Nvidia Losses Widen to 6.72%; Microsoft Market Cap Surpasses Nvidia for First Time Since June 2025
According to MSX.COM data, Nvidia (NVDA.O) losses widened to 6.53%, with market cap falling to about $4.02 trillion. Affected by Nvidia's stock decline, Microsoft (MSFT.O) overtook Nvidia with a market cap of about $4.03 trillion, marking the first time Microsoft's market cap has surpassed Nvidia since June 2025.
OpenAI Third-Quarter Revenue Rises to About $10 Billion
OpenAI told investors on Tuesday local time that its third-quarter revenue grew 50% to about $10 billion. Demand for the company's recently released models such as GPT5.6 and Astra, as well as its image models, drove sales of its models through application programming interfaces. The company's revenue also benefited from continued growth in advertising sales. (The Information)
Polymarket Annualized Revenue Tops $1.8 Billion; US Platform October Volume Exceeds $14.5 Billion
Prediction market platform Polymarket told CNBC that its annualized revenue has topped $1.8 billion, further growth from the more than $1 billion disclosed in June this year. Revenue growth mainly comes from its US-native exchange launched in May this year; the platform's October notional trading volume exceeded $14.5 billion, more than triple June's $4 billion. Volume growth was driven by demand for FIFA World Cup, NFL season, and Combo combination event contracts. Among them, Combo contracts accounted for more than 70% of platform volume on Sunday. However, Polymarket still faces short-term regulatory headwinds. The US Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the company, involving its advertising practices and whether the company previously violated a settlement agreement with the agency. That agreement required blocking US residents from accessing its international trading platform. (CNBC)
Project News
NEAR AI Internal Systems Suffer Unauthorized Access; Cloud Inference Service Suspended
NEAR AI posted that it recently discovered unauthorized access to its internal systems, has suspended NEAR AI Cloud inference services as a precautionary measure, and has launched an investigation. NEAR AI Cloud's inference tasks run in hardware-isolated trusted execution environments (TEE) to protect user prompt privacy. The team emphasized that NEAR Protocol and other NEAR ecosystem services were unaffected, and said further investigation progress would be announced within two hours.
According to an official announcement, South Korean crypto exchange Upbit will list the HYPE token on its KRW, BTC, and USDT markets, with trading set to begin at 15:00 local time on November 10.
According to on-chain analyst Ai Yi, the UXLINK hacker-linked address (0xde8d...9524) liquidated a long position of about 30,000 ETH held for nearly three months via TWAP 11 hours ago, with an average closing price of $2,135.2, a position value of about $64.66 million, and a final loss of $1.106 million. At its peak, the position had unrealized gains of nearly $16.8 million.
Polymarket has added a withdrawal address whitelist feature; new addresses require email verification and are locked for 48 hours.
Funding and Investment
Alta Completes $47.5 Million Series A Led by Index Ventures
Alta announced the completion of a $47.5 million Series A round led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49. Alta is a company building Layer 1 blockchains for banks and large financial institutions. The round did not disclose a valuation.
Marble Completes $11 Million Seed Round Led by Polychain Capital
Marble, founded by former BitGo and Galaxy Digital executives Matt Ballensweig and Leon Marshall, announced its launch and the completion of an $11 million seed round led by Polychain Capital, with participation from Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, and other institutions as well as some AI-focused angel investors. Marble has two business lines: Marble Compute provides private credit channels for AI infrastructure development institutions, connecting institutional lenders with emerging cloud service providers and GPU operators; Marble Markets aims to build an institutional trading platform covering digital assets, real-world assets, prediction markets, and compute. Matt Ballensweig and Leon Marshall serve as co-CEOs; Ballensweig was formerly Global Head of Trading at BitGo, and Marshall was formerly CEO of Galaxy Digital's European business.
DECA Labs has completed a cumulative $12 million in funding, with participation from Polychain Capital, Pantera Capital, and others.
Regulatory Developments
According to people familiar with the matter, the US Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it may soon bring charges over the launch of some prediction contracts. The CFTC is investigating whether Kalshi failed to follow proper regulatory notification procedures for dozens of new products in preparation; the investigation has lasted several months and could ultimately be resolved through a settlement. A Kalshi spokesperson responded that the matter involves procedural errors in the submission process for a small number of contracts, many of which have not yet gone live, and that Kalshi is already addressing the issue. (POLITICO)
The Canadian government has published a budget bill that would prohibit federally regulated financial institutions from directly issuing cryptocurrencies and require stablecoins to be issued only through independent non-financial subsidiaries regulated under relevant laws. The bill requires issued cryptocurrencies to have reserve safeguards such as redemption at par value and asset segregation, and excludes them from public deposit insurance and government guarantee programs. The Bank of Canada will oversee issuer registration and regulatory compliance supervision and enforcement, and the stablecoin regulatory framework is expected to take effect next fall.
IRS Sends Large Numbers of Letter 6174 Tax Notices to Crypto Users
The US Internal Revenue Service (IRS) is sending large numbers of Letter 6174 notices to crypto taxpayers, reminding recipients to review past filings. Clinton Donnelly, CEO of Cryptotaxaudit, said dozens of people have recently contacted his firm, including its clients; he said receiving a notice does not itself indicate any violation. Donnelly previously estimated that the IRS sends about 10,000 such notices per month. Letter 6174 is a voluntary compliance reminder informing taxpayers that the IRS has information about their crypto transactions and requiring them to check whether they have met their tax filing obligations. Donnelly said the notice does not point to specific filing issues and usually does not require a direct response. He advises recipients to read the notice carefully and understand their situation first, and not to rush to amend filings or submit information to the IRS. (Bitcoin.com News)
Binance Will Be Unable to Process Transactions Involving MEXC and Its Affiliated Entities
Binance issued a notice stating that, in light of the US Financial Crimes Enforcement Network (FinCEN) recently designating MEXC as a "primary money laundering concern," Binance will be unable to continue processing transactions involving MEXC and its affiliated entities.
Voices
Fed Governor Waller: We Are Not Super Hawks and Won't Raise Rates by 150 or 200 Basis Points
Fed Governor Waller delivered remarks: "We at least need to claw back the previous three precautionary rate cuts. We are not super hawkish; we just
