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10/26
22:01
AI company Anthropic, in its initial public offering (IPO) filing, warned that AI models could exhibit self-preservation behaviors, including "extortion-like" responses, and that certain AI-related damages could lead to uninsurable, massive liabilities. The company detailed risk factors in 94 pages of its S-1 filing, roughly a quarter of the document's total length, including catastrophic events that could involve AI models.
21:48
UN Secretary-General António Guterres called on the United States and Iran to exercise "maximum restraint," warning that the situation in the Strait of Hormuz could spiral out of control. During a visit to Cairo, Guterres stated that if the current "escalating tensions" were to evolve into a large-scale mutual escalation, the situation in the Middle East could become uncontrollable. He emphasized the need for a full restoration of navigation rights and freedoms in the Strait of Hormuz, the Bab el-Mandeb Strait, and surrounding areas, in accordance with international law. Guterres also commended Egypt's role in creating conditions for dialogue between the US and Iran.
21:43
Blockstream executive Peter Bain stated that institutional clients believe Bitcoin is "poised for a major bull run." He noted that Bitcoin has maintained $81,000 despite stock market sell-offs, rising 10-year government bond yields, and European turmoil, which he called a "very, very strong signal." Bain also revealed that Liquid Network's swap services have been restored, allowing users to transfer Bitcoin back to the main chain.
21:37
AI company Anthropic has disclosed its business details for the first time, stating its plan to list on Nasdaq through an initial public offering (IPO) under the ticker symbol ANT. The company anticipates this will be the largest IPO in history, with a valuation potentially surpassing SpaceX's previous record of approximately $1.8 trillion. Anthropic will be the first "pure-play" AI company to go public, a move seen as a test for the future of AI technology. Currently, the number of shares to be offered and the price range have not yet been determined.
21:37
The Israeli military has escalated operations in Hebron, a city in the occupied West Bank, displacing over 3,000 Palestinians from their homes. Analysts suggest this move aims to "establish a new reality" by forcibly expelling and destroying infrastructure to permanently replace the Palestinian population. Following the killing of two soldiers last Friday, Israeli Prime Minister Netanyahu vowed action "unseen since the 1967 war," including implementing blockades, detaining at least 71 people, demolishing homes and roads, and converting Palestinian family homes into military barracks and interrogation centers.
21:32
China's tax offices are stepping up oversight and issuing disclosure orders for offshore assets following the expiration of the country’s 90-day grace period for reporting offshore trusts last Thursday. Beijing tax authorities have published notices for 21 individuals, ordering them to submit tax documentation linked to offshore trusts within 15 days. This move is part of an ongoing push to spur voluntary tax disclosures and serves as a warning to other high-net-worth individuals holding offshore trusts. China has ramped up efforts to tax offshore assets this year, with individual income tax proceeds climbing 14.1% in the first three quarters. NetEase's Ding Lei and PDD Holdings' Huang Zheng are among the high-net-worth individuals potentially affected by these measures.
21:31
Egypt's parliament has authorized its military to help defend Saudi Arabia, a move that could directly involve Cairo in the regional conflict between Yemen's Houthi rebels and Saudi Arabia. The Houthi advance also threatens the strategic Bab el-Mandeb Strait, which is the gateway to Egypt's Suez Canal. President Abdel Fattah el-Sisi last week requested parliamentary approval for this defensive action in support of its Gulf ally.
21:30
Bitcoin Magazine analyst Sean Hagan believes the Bitcoin-to-Nasdaq ratio has flipped bullish, citing its reclamation of the 200-day moving average on September 18 and historical median gains of 84%. Hagan noted that Bitcoin has historically risen one year after such reclaims in five out of six instances, with this cycle's 62% reset being the shallowest on record. He sets a target of $100,000 for Bitcoin and an invalidation level at $76,000-$77,000.
21:28
Shinobi, technical editor at Bitcoin Magazine, stated that French and Finnish government websites and a Dutch hospital website have been taken offline due to a PHP vulnerability. Cloudflare observed attack traffic, and the UK National Cyber Security Centre advised organizations to take systems offline if they cannot patch quickly. Shinobi noted that AI discovered this vulnerability within hours, which changes the speed but not the nature of hacking. He assessed that Bitcoin's libsecp256k1 and Bitcoin Core's slow development actually enhance its security, and advised Lightning node users to go offline and store Bitcoin in cold storage.
21:28
Metaplanet moves to the U.S. to issue preferred shares, aiming to access the same capital pool as Strategy and Strive, which could be accretive to common shareholders. Analyst Allard Peng explains this move, noting that Metaplanet was unable to issue preferreds in Japan and took over a U.S. company for this purpose. Peng also highlights that clarity is still needed regarding how Metaplanet will support its U.S. subsidiary.
21:25
The Federal Reserve is expected to maintain interest rates this Wednesday, according to Nick Timiraos. However, given the hot CPI and PPI data for September, the debate over whether to hike rates is more intense than market-implied probabilities suggest. Arguments for a rate hike contend that the decline in inflation has been thwarted for the second consecutive year, that a December rate hike is widely anticipated, and that waiting six weeks would incur a greater cost, arguing that current policy is not sufficiently restrictive. Arguments against a rate hike suggest that if officials still view this as a recalibration of 2-3 hikes, then extending the interval between hikes would not be costly; continuous hikes could signal a faster tightening than officials intend; and after several officials hinted at no rush to hike and Chairman Kevin Warsh remained silent, increasing the likelihood of holding steady, an unexpected hike just days before the midterm elections would be a shock.

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