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Sources say that the U.S. Department of Justice is reviewing NVIDIA's acquisition of the artificial intelligence platform Hugging Face.

According to The Defiant, the floating borrowing rate curve for USDT in the Aave Ethereum market has been adjusted, and when liquidity in the pool tightens, borrowing costs will rise earlier.The interest on existing debt remains unchanged, and the new rate only affects the growth rate of the debt balance thereafter.

The Hang Seng Index Company announced that the Hang Seng Hong Kong American Technology Index will add Anthropic, PBC (stock code: ANT.O) to the list of designated U.S. listed constituent stocks, provided that Anthropic confirms its listing. The weight of the 9 U.S. listed constituent stocks will be recalculated to equal weight after the close of trading on the 7th trading day following Anthropic's listing, with the new constituents and new weights taking effect on the 11th trading day.The index will also update the stock selection criteria, constituent stock selection methods, rapid inclusion mechanisms, and replacement rules for temporarily removing constituent stocks, and will introduce new liquidity requirements. The new methods will be adopted starting from the index review ending on September 30, 2026, with the relevant constituent stock changes taking effect on December 14, and the index name and code will remain unchanged.

The U.S. Department of Justice has filed an appeal, attempting to reinstate a nationwide ban against the artificial intelligence company Anthropic. The next day, the General Services Administration (GSA), responsible for government procurement, announced an expanded collaboration, allowing government agencies to use Claude at a 40% discount, paying based on actual usage without a commitment to a minimum expenditure. Anthropic disclosed that approximately 500 federal, state, and local government organizations in the U.S. are currently using Claude, with usage by federal civilian agencies increasing about 20 times over the past year.The GSA publicly supported Trump's ban on Anthropic in February of this year and removed Claude from the government procurement list. In March, a California court halted the comprehensive ban, and the GSA restored procurement eligibility in April. In August, the court further ruled that the government's broad ban was illegal. Although the Department of Justice has appealed, the relevant ruling will not automatically become invalid as a result.

Founder of Strategy Michael Saylor posted that if one believes anyone can issue cryptocurrency, then there is no reason to buy Bitcoin, it is like believing anyone can invent a language, so there is no reason to learn English.

Galaxy Digital released its Q3 2026 financial report, with a net profit of $323 million, turning around from a loss of $85 million in the previous quarter. Adjusted EBITDA reached $455 million, total assets increased by 51% quarter-on-quarter to $16.4 billion, and cash, stablecoins, and U.S. Treasury bonds totaled $4.9 billion, nearly doubling quarter-on-quarter.In terms of digital asset business, trading volume increased by 12% quarter-on-quarter, outperforming the overall spot market. The combined scale of asset management and staking grew by 46% quarter-on-quarter to $10.4 billion, and a multi-year cooperation was established with BNY Mellon to provide staking support for its digital asset custody platform.The data center business saw adjusted EBITDA increase nearly fivefold quarter-on-quarter to $69 million, mainly from the first full operational quarter after the delivery of 133 MW computing power from Helios Phase 1 to CoreWeave. Phase 2 has been fully financed and commenced, with the company completing a $3.5 billion senior secured bond issuance, expanding the overall power pipeline to over 5.7 GW, and the data center is expected to start delivering in Q2 2027.In terms of capital operations, the $200 million repurchase plan initiated by the company in February was completed on October 15, with approximately 9.8 million shares repurchased. The board approved a new $200 million repurchase limit on October 26.

The U.S. Department of Justice submitted a notice of appeal to the Ninth Circuit Court of Appeals, attempting to overturn the ruling made by a California court in August, which restored a full federal agency ban against the developer of Claude, Anthropic. On October 26, local time, Anthropic publicly submitted its IPO prospectus, and on the same day, the U.S. Department of Justice filed the aforementioned appeal.In September, the Washington appellate court allowed the Pentagon to exclude Claude from military systems and related defense procurement on the grounds of supply chain risks. The California court had previously blocked a broader ban that not only required all federal agencies to stop using Claude but also prohibited defense contractors from engaging in non-military commercial cooperation with Anthropic. The judge believed that the government lacked sufficient evidence to prove the associated risks, and the ban was essentially retaliation against Anthropic for publicly criticizing the government.The prospectus shows that government agency contract revenue accounts for only about 1% of Anthropic's total revenue. Evidence cited by the California court indicated that three government contractors terminated their contracts with Anthropic or were asked to cease cooperation, and three deals worth over $180 million, which were close to being finalized, fell through. Some clients requested the addition of unilateral termination clauses, while others turned to competitors. Anthropic had previously estimated to the court that if the broadest ban were fully implemented, revenue could decrease by billions of dollars by 2026.

Morgan Stanley's Chief Equity Strategist Mike Wilson stated that despite the cooling enthusiasm for artificial intelligence trading and recent pressure on U.S. stocks, he maintains his forecast for the S&P 500 index to close at 8000 points by the end of the year. Morgan Stanley has set a tactical downside target for the S&P 500 at 7100 to 7200 points, slightly below the 200-day moving average, while the basic year-end target remains at 8000 points. Wilson noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market adjustment.Wilson is relatively cautious about the semiconductor sector, believing that support levels may be significantly lower than current levels, but selling pressure may ease next month. The strategy team stated that as the market questions the timing and scale of revenue realization related to artificial intelligence, the semiconductor and other capital expenditure beneficiary sectors have become the epicenter of financing concerns; there are new doubts about the cost of capital for some participants and whether the credit market can provide sufficient funds to support related expenditures, as governments and non-AI-related capital expenditures are also competing for funds. The team indicated that given the possibility of more financing plans in the future, it is normal for the market to focus on the supply side, but this concern will persist until financing is completed.The five-year credit default swaps of the highly leveraged new cloud service provider CoreWeave closed above 1100 basis points last week, implying a default probability of about 50% on its debt within five years. Wilson's team believes that the adjustment in the semiconductor sector has entered its final stage, expecting this round of adjustment to end by mid-November; however, based on technical analysis and comparisons with the once-hot silver market, the sector may decline another 10% to 15% from current levels, with the Philadelphia Semiconductor Index potentially dipping to around 9500 points. Last week, the Nasdaq Composite Index fell a cumulative 0.7%, with a total decline of over 5% in the past two weeks; on Monday, Anthropic's public IPO prospectus boosted the AI sector, leading chip stocks to rise, and the Nasdaq Composite Index increased by 0.82%, closing at 26169.38 points.

According to on-chain analyst Ai Yi's monitoring, the address 0x721...E5991, marked by Arkham as associated with Sun Yuchen, withdrew 46.5 trillion PEPE (approximately 20.32 million USD) from Poloniex 10 hours ago.Since October 17, it has cumulatively transferred out 48.76 million USD worth of PEPE and currently holds 118 trillion PEPE, with an average withdrawal price of 0.000004114 USD, resulting in an unrealized profit of 2.085 million USD.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "When DeFi Moves Towards Global Open Finance: From JUST Brand Upgrade to Multi-Token Deflationary Mechanism, How Does the TRON Ecosystem Build a Long-Term Growth Flywheel?" on October 27 at 8 PM at X Space.This event will focus on the ongoing exploration of the JUST brand upgrade and the multi-token buyback and burn mechanism, delving into the growth drivers for the next phase of DeFi. Invited industry KOLs will jointly analyze whether buybacks and burns can truly form long-term value support, and how to combine real business, user demand, and ecosystem activity when DeFi is no longer limited to a single product, allowing business growth and token economics to form a virtuous cycle, exploring sustainable growth models for the TRON ecosystem.

JUST released an open letter to JST holders and launched the JST 2026 Q3 and October key progress report. The letter pointed out that a total of 1,881,973,007 JST has been repurchased and destroyed over five rounds, accounting for 19.01% of the initial maximum supply, with approximately 118.15 million USD invested in repurchase and destruction. JUST DAO upgraded the JST repurchase and destruction mechanism in October, which will shift to being based on sustainable ecological income, and plans to invest approximately 20.34 million USD of excess funds into repurchase in four phases starting from Q4 2026, while retaining at least 50 million USD as a treasury safety reserve.The report also showed that JustLend's quarter-end TVL remained above 7 billion USD, with approximately 21.24 million transactions in GasFree Q3. As the repurchase funds shift from historical income reserves to sustainable ecological income, the deflationary path of JST and ecological growth are gradually forming a closer linkage.

Dongfang Gangwan Fund Chairman Dan Bin is making a "major adjustment" in the technology sector. According to statistics from Private Equity Ranking Network, as of the end of the third quarter of 2026, Dongfang Gangwan's overseas fund held a total of 13 U.S. stock targets, with a total market value of approximately $1.469 billion.From the perspective of industry distribution, AI remains a key focus for Dongfang Gangwan. As of the end of the third quarter, Google was the largest holding in Dongfang Gangwan's overseas fund. However, in terms of buying and selling actions, Dan Bin's preference for sub-sectors within the AI industry has changed significantly compared to the second quarter.According to statistics, in the third quarter of this year, Dongfang Gangwan's overseas fund reduced its holdings in targets such as Advanced Micro Devices (AMD), Broadcom, and Lumentum, which were newly purchased in the second quarter, while increasing its positions in storage giant Micron Technology, SanDisk, as well as Nvidia, Google-C, and Taiwan Semiconductor Manufacturing Company.

Cryptocurrency analyst Darkfost stated that this round of deleveraging is driven by factors such as price declines, chain liquidations, and traders actively closing positions to reduce risk. Looking back at July this year, Ethereum also experienced a more severe contraction in open contracts, followed by stabilization and a rebound, with an increase of over 32%, and the price once breaking through 2800 USD. Deleveraging is part of the market adjustment process, and such phases are often accompanied by panic sentiment, which may also occur at the tail end of an adjustment.The overall performance of the altcoin market has been weak over the past three weeks, with Ethereum's price correcting by about 15%, and its market capitalization shrinking by approximately 54 billion USD. In the derivatives market, Binance's ETH open contract volume decreased by 1.3 billion USD in the past month, a decline of nearly 20%, dropping to 5.7 billion USD; the total amount of ETH open contracts across the network has fallen to 11.5 billion USD.

Hyperliquid announced that it has adjusted the new priority mechanism based on user feedback on the test network improvements: the noop and scheduleCancel operations no longer affect the priority of other operations, while operations other than noop, scheduleCancel, cancel, cancelByCloid, order, modify, and batchModify will lower the priority of other operations before submission is completed.In addition, Hyperliquid also announced the addition of the cDeposit2 interface operation, which is similar to cDeposit but supports agent-signed.

According to Yu Jin monitoring, last night at 11 PM, ETH fell to a low of 2282 USD, and a certain large ETH long position whale/institution was only 30 USD away from being liquidated.Therefore, it urgently supplemented 9.21 million USDC as margin in the early morning, lowering the ETH long position liquidation price from 2256 USD to the current 2181 USD, temporarily avoiding danger.Now it holds long positions in BTC and ETH worth up to 396.5 million USD, including: 115,473 ETH (approximately 272.1 million USD), with the recent liquidation price of 2181 USD; 1,539.5 BTC (approximately 124.4 million USD), with the recent liquidation price of 70,396 USD.

Aave executed an adjustment to the USDT lending rate parameters in the Ethereum Core market at block height 26,241,799, lowering the rate inflection point from 94% utilization to 92%, causing borrowing costs to rise earlier when liquidity in the pool tightens. The new parameters are: optimal utilization rate 92%, base rate 0, first slope 4.5%, second slope 10%; the inflection point rate is 4.5% APR, reaching 14.5% APR when utilization hits 100%.At 94% utilization, the old curve's lending rate was 4.5% APR, while the new curve is 7% APR, an increase of 2.5 percentage points. LlamaRisk recommended the adjustment on October 20; based on a supply of 2.8922 billion USDT, a 92% utilization rate leaves approximately 57.84 million USDT unborrowed as a buffer compared to 94%. This buffer does not represent actual cash, and withdrawals still depend on available unborrowed liquidity. Snapshots show that the actual cash in the pool is about 391.4 million USDT, with a variable lending APR of about 4.23% and a supply liquidity APR of 3.29%.

The S&P Dow Jones Indices has adjusted the rules for classifying stocks into growth and value categories, incorporating intangible assets, expected earnings, and free cash flow as evaluation factors. The new rules will take effect before the market opens on December 21, potentially forcing funds that track the relevant indices to adjust their holdings. At least $375 billion in passive fund assets are linked to the affected indices.

The White House announced that Trump further adjusted the scope of tariffs on Canadian products imposed under Section 338 of the Tariff Act of 1930.