Seven founders hold 50.1% of voting rights, leaving investors with no role in corporate governance.

BitMNR acquired 10,452 ETH last week. The company now holds 4.95% of Ethereum's total supply. The purchase adds to its existing holdings. Ethereum is the second largest cryptocurrency by market capitalization.

Hong Kong's two licensed stablecoin issuers diverged on retail access. HSBC launched RedCoin via PayMe on October 23 with HK$80.58 million circulating and HK$81.58 million in reserves. Anchorpoint's HKDAP remains institutional, showing HK$6.11 million circulating and HK$7.21 million in reserves. HSBC targets PayMe's 3.3 million users while Anchorpoint requires authorized distributors and wallets.

Goldman Sachs data show global tech stocks recorded roughly $20 billion in net outflows over the past two weeks, with selling pressure hitting an extreme reading of 3.3 standard deviations. TMT selling came close to the $23 billion seen in July. The volatility spread between the Nasdaq 100 and the S&P 500 has widened to the 98th percentile of the past five years, a sign that investors are bidding up safe havens at a much faster pace than tech exposure. J.P. Morgan estimates that debt financing for AI infrastructure has topped $500 billion this year, with funding costs for hyperscale cloud providers up about 120 basis points from earlier levels. Google, Microsoft and Amazon report earnings this week, and the market will be watching whether AI capital spending converts into real revenue and whether future investment can keep drawing funding. J.P. Morgan sees the financing ties between NVIDIA and GPU operators as a possible channel for credit risk transmission; any tightening in operator financing could travel upstream through the supply chain. The bank remains constructive on tech fundamentals and points to a potential buying window in early November, while tracking further portfolio de-risking, evidence of earnings delivery and any narrowing in credit spreads.

The S-1 filing shows the loss stemmed mostly from roughly $72.4 billion in non-cash accounting charges. Operating loss narrowed to $693 million.

The S-1 filing by Anthropic with the SEC contains more than 90 pages of risk factors, and the company acknowledges it cannot fully ensure its safety measures will effectively address the "existential" dangers of AI.

The CEO of Ritholtz Wealth Management takes a look at the levels he's watching in the stock.

An IPO filing shows Anthropic agreed to pay SpaceXAI up to $120.5 billion to secure NVIDIA GPU compute, about $36 billion more than previously reported.