Global Finance · International News · Crypto Market

I. International Finance

1. U.S. inflation exceeds expectations

U.S. CPI rose 0.4% month over month in October, above market expectations of 0.3%, while core CPI rose 0.3%. Concerns about a Fed rate hike in December intensified.

2. U.S. Treasury yields rise

The yield on 10-year U.S. Treasuries rose to 4.988%, the dollar strengthened, and gold fell 2.62% to around $4,030 per ounce.

3. Anthropic advances IPO plans

AI company Anthropic is moving ahead with preparations for an IPO, as markets watch whether AI companies’ commercialization prospects and valuations can support continued growth.

4. Singapore vies to become an AI computing hub

Mao Bidao highlights Singapore’s advantages in developing computing power centers: its network hub status, legal environment, and geographic location. However, resources such as electricity and land remain constraints.

II. International Crypto Market

1. BTC remains under pressure

Bitcoin briefly fell to around $73,491 as risk aversion intensified.

2. ETF funds continue to flow out

U.S. spot BTC ETFs saw net outflows of about $201 million in a single day, bringing cumulative outflows to around $1.5 billion since November 2.

3. MARA sells Bitcoin

Mining company MARA sold 13,597 BTC over the past six weeks, raising about $1.1 billion. Selling pressure from mining companies is worth watching.

4. NYSE plans tokenized trading

The New York Stock Exchange selected Avalanche as the settlement infrastructure for its planned around-the-clock tokenized securities trading platform. AVAX briefly rose about 5%.

5. U.S. crypto regulation continues to advance

The SEC’s consultation on its proposed crypto asset regulations has closed, and the industry is pushing for clearer rules on token issuance and trading.

III. Today’s Watchlist

- Whether BTC can hold support around $73,000

- U.S. inflation and the Fed’s December rate decision

- BTC ETF fund flows

- Developments in AVAX’s tokenized securities ecosystem

Lingjie’s View:

The market is quite interesting right now: the AI industry is still expanding, and traditional finance is actively building out blockchain, yet money is flowing out of the crypto market.

Institutions are building infrastructure on one side, while ETFs continue to see outflows on the other. What really matters is not just how far prices have fallen, but where the next wave of capital will go.$NVDAB $BTC $ETH