Starting next week, customers can deposit and withdraw money through Brazil’s instant payment system. Crypto transfers remain suspended.

US inflation came in above forecasts in October, increasing expectations of a bigger rate hike in December and raising concerns for crypto investors.

Anthropic's IPO strategy could democratize investment opportunities, potentially reshaping retail investor participation in tech IPOs globally.

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Anthropic's retail investor focus may democratize AI investment, potentially boosting market sentiment and influencing future tech IPO strategies.

The post Anthropic to reserve up of IPO shares for retail investors in US, Europe appeared first on Crypto Briefing.

BlackRock IBIT outflows  recorded its seventh straight day of outflows totaling $1.66 billion. US spot Bitcoin ETFs lost $201 million Monday as year-to-date flows turn negative.

US spot Bitcoin exchange-traded funds continued to lose assets on Monday, with BlackRock’s iShares Bitcoin Trust (IBIT) posting its seventh consecutive session of net withdrawals. The largest US Bitcoin ETF by assets recorded $213 million in outflows, bringing its cumulative redemptions since October 30 to $1.66 billion, according to data from Farside Investors.

Across the broader complex, net outflows totaled $201 million. Morgan Stanley’s Bitcoin Trust ETF (MSBT) attracted $22 million in inflows, partially offsetting the wider selling. Over the past six trading sessions, US spot Bitcoin ETFs have seen roughly $1.5 billion leave the products. Year-to-date net withdrawals now stand near $1.1 billion—sharply different from the roughly $25 billion in net inflows recorded by early November in both 2024 and 2025.

Monday’s $201 million figure marked a slowdown from Friday’s $412 million in net outflows. Sentiment indicators also showed modest improvement: the Crypto Fear & Greed Index rose to 32 from 29 the previous day and 26 a week earlier, though it remained in “Fear” territory.

Ether ETFs did not share the relative relief. Spot Ethereum funds recorded approximately $185 million in outflows on Monday, their largest daily withdrawals since early October. Bitcoin itself traded near $74,200–$74,600, down roughly 2–3% over the prior seven days.

The persistent redemptions stand in contrast to recent institutional and regulatory developments. Coinbase’s US national trust bank charter took effect in recent days, a milestone that in earlier cycles might have supported risk appetite. Market participants noted that the reaction in crypto prices has been muted compared with past responses to similar news.

IBIT’s seven-session outflow run highlights the concentration of recent selling pressure. As the dominant vehicle for institutional and retail exposure to Bitcoin through traditional brokerage accounts, the fund often amplifies broader shifts in sentiment. When large holders or advisors reduce allocations, the impact shows up first and most visibly in IBIT.

The year-to-date reversal is notable. After two strong years of cumulative inflows, 2026 has so far produced net withdrawals. Several factors appear to be contributing: elevated macroeconomic uncertainty, recent equity-market volatility tied to AI and technology stocks, residual caution following high-profile exchange security incidents, and a general reduction in risk appetite among some institutional allocators.

Not every fund is experiencing the same pressure. Smaller products such as the Morgan Stanley vehicle have occasionally drawn inflows even as the larger funds see redemptions. This divergence suggests some investors are rotating within the Bitcoin ETF complex rather than exiting the asset class entirely. Still, the overall flow picture remains negative.

Bitcoin’s recent price action has also diverged at times from traditional risk assets. While US equities posted gains on certain sessions, Bitcoin failed to follow, reflecting the weight of ETF redemptions and other supply-side pressures, including reported sales by some mining companies.

Flows into and out of spot Bitcoin ETFs have become one of the clearest real-time signals of institutional demand. Sustained outflows of this magnitude typically coincide with periods of consolidation or further downside until either sentiment stabilizes or fresh capital returns. Whether the current streak marks a temporary pause or a more prolonged period of de-risking will depend on upcoming economic data, equity-market direction, and any shift in broader risk appetite.

For now, the data is unambiguous: BlackRock’s flagship Bitcoin ETF is in the midst of its longest recent outflow sequence, and the wider US spot Bitcoin ETF market has turned negative for the year.

Coinbase and Kalshi alongside four other companies, have asked a federal court to accept an amicus brief defending the Commodity Futures Trading Commission’s authority to allow perpetual futures tied to individual U.S. stocks. The filing comes amid a lawsuit that could decide whether these crypto-inspired contracts remain available on regulated U.S. exchanges or face tighter restrictions.

The group—Coinbase, Kalshi, Kraken parent Payward, DRW Holdings, Jump Trading, and Paradigm—argues that single-stock perpetual futures qualify as security futures under existing U.S. law and fall under joint CFTC and Securities and Exchange Commission oversight. Their proposed brief supports the CFTC against a challenge from the Capital Markets Alliance Association (CMAA), a trade group whose members include Cboe and Citadel Securities.

On November 3, 2026, the CFTC announced that single-stock perpetual futures—often called stock perps—could begin trading on U.S.-regulated exchanges for the first time. Applications from KalshiEX, Coinbase Derivatives, and Bitnomial (linked to Payward) had been submitted in mid-September. When the agency’s 45-day review period ended without objection on November 2, the products were deemed approved.

Unlike traditional futures, perpetual contracts have no fixed expiration date. Traders can hold positions indefinitely, with funding rates periodically adjusting to keep the contract price close to the underlying stock. This structure, popular in crypto markets, allows continuous speculation on individual equities without owning the shares.

The CMAA sued the CFTC shortly after the approval, arguing that the lack of a fixed expiration date means the contracts should be treated as security-based swaps. Those products are primarily overseen by the SEC and face stricter limits on retail participation. The group claims the CFTC exceeded its statutory authority by classifying the contracts as security futures.

U.S. District Judge Valerie Caproni later found that the CMAA was likely to succeed on the merits of that claim, writing that the perpetual contracts “appear to satisfy the definition of a swap.” However, she denied a temporary restraining order, concluding the plaintiffs had not shown imminent irreparable harm. Trading therefore continued while the case proceeds.

In their proposed amicus brief, the six companies contend that a fixed expiration date is not required for a contract to qualify as a security future under the Commodity Exchange Act and the framework Congress established in 2000. They argue the products fit within the existing joint regulatory structure rather than shifting entirely to the SEC’s swap regime.

Coinbase and Kalshi, have direct commercial interests: each has sought to list equity perps. For crypto-native platforms, the contracts represent a bridge between digital-asset trading styles and traditional equities. Supporters say onshore, regulated access reduces the incentive for U.S. traders to use offshore venues. Critics from traditional finance worry about market structure, leverage, and the potential for retail risk.

The dispute highlights a broader tension. Perpetual futures originated in crypto and became a dominant form of leveraged trading globally. Bringing the same instrument to U.S. stocks tests whether existing commodity and securities laws can accommodate products that never expire. A ruling that reclassifies them as security-based swaps could limit retail access and slow the onshore growth of these markets.

The CMAA is scheduled to file its reply to the CFTC’s opposition to a preliminary injunction. The six firms’ request to submit the amicus brief is pending. Whatever the outcome, the case will shape how U.S. regulators treat hybrid products that blend crypto market design with traditional underlyings.

For now, stock perps remain available on approved platforms. The legal fight, however, underscores that regulatory clarity around perpetual contracts is still incomplete. Crypto firms are betting that the CFTC’s interpretation will hold; traditional market participants are arguing it should not. The court’s eventual decision will determine which view prevails.

A 6.5% cut would improve gross mining revenue at unchanged Bitcoin price, subsidy and fees, while modeled S19 electricity ceilings remain near 4 cents/kWh.

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A Project Glasswing preprint links AI access to more disclosures while measured fixes kept pace, leaving hidden backlogs and attack prevention unresolved.

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Microsoft beat Nvidia in market value on Tuesday to become the world’s second-most valuable company, the first time since June 2025. By midday, Microsoft’s own stock had dropped more than 3%, and the lead was gone.

The swap came from Nvidia’s pain, not Microsoft’s strength. Nvidia fell more than 6% as its board probes whether CEO Jensen Huang was targeted by foreign intelligence. Microsoft shareholders lost about $130 billion by midday.

How Microsoft Won and Lost the Number 2 Spot

Microsoft was already down 0.4% at $543.25 when it overtook Nvidia. Nvidia had dropped to about $167.

Then Microsoft’s selling deepened. It hit $527.45 at 12:45 p.m. ET, down 3.25%, per Yahoo Finance. Most of the drop came after 12:30 p.m.

That values Microsoft near $3.92 trillion, based on CompaniesMarketCap share data. Nvidia, at $166.83 two minutes later, sat near $4.03 trillion.

Nvidia’s own slide is steep. Barchart data show the stock near $243 in early October. It is now about 31% lower.

What Is Hitting Microsoft Stock?

• First, inflation ran hot.

October consumer prices rose 0.4%, above the 0.3% forecast. The 10-year Treasury yield jumped to 4.93%. Traders now price an 84% chance of a December Fed rate hike.

• Second, Anthropic launched Claude Sheets.

The new product is an AI spreadsheet tool that competes with Excel. It arrived the day Anthropic opened its IPO roadshow.

Here is the twist. Microsoft is among the backers of a $26 billion private placement tied to that IPO.

• Third, AI’s price tag is shrinking.

Anthropic now targets up to $1.02 trillion, down from $1.5 trillion discussed earlier, after Anthropic’s earlier IPO cut.

“What we are seeing is essentially a reassessment of Anthropic’s value in a more challenging AI environment,” Fox reported, citing Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Nvidia’s board has not said when its review of the Jensen Huang fallout will end. Anthropic has not set a Nasdaq trading date. Both will shape which AI giant holds second place next.

The post Microsoft Beats Nvidia for the First Time Since 2025: So Why Is MSFT Stock Falling? appeared first on BeInCrypto.

Bitcoin (BTC) fell below $73,000 on Tuesday for the first time since August 20, about a week before Anthropic is expected to start trading on Nasdaq. The drop follows the same path Bitcoin took before SpaceX’s record listing in June.

Some traders argue that giant share sales pull cash out of riskier assets like Bitcoin. Yet in June, the coin kept falling after SpaceX listed. Holders waited two months for a lasting rebound.

How Far Did Bitcoin Fall Before SpaceX Listed?

Bitcoin lost nearly 29% between its May high and its June low. SpaceX debuted on June 12 after raising more than $85 billion.

The coin hit about $59,000 on June 5, a week before the debut. It then set a lower low near $57,700 on July 1. It stayed below $67,000 until August 19.

This time, Bitcoin has shed nearly 17% from its September 21 peak above $87,000. It traded at $72,891 at press time, down 2.7% in 24 hours.

“That’s TWO major IPO events coinciding with massive Bitcoin corrections,” noted Crypto Rover, a popular user on X.

Anthropic, the company behind the Claude chatbot, set a range of $70 to $78 per share. Trading is expected to start November 19. The company cut its IPO size to $64.4 billion on Tuesday.

Why Would an AI Stock Sale Hit Bitcoin?

BitMEX co-founder Arthur Hayes made the case in a November 5 newsletter. He argued new AI shares will absorb bank credit, the dollar supply he credits for crypto rallies. BeInCrypto reported his AI IPO dilution warning when Bitcoin traded near $80,000.

Hayes also conceded the bank data he cited was a single weekly reading. In the same way, two listings make a small sample.

Bitcoin’s own market is also thinner. Average daily spot volume, the coins bought and sold outright on exchanges, has fallen to 126,000 BTC in 2026, according to Coin Metrics data compiled by Unfolded.

That is the lowest yearly level since 2016. It is also 72% below the 453,000 BTC traded each day in 2022, and 16% below 2025.

Fewer coins changing hands could mean more supply now sits in exchange-traded funds (ETFs) and long-term wallets. That leaves thinner markets, where large sell orders can move the price further.

US inflation adds pressure. Consumer prices rose 0.4% in October, above the 0.3% forecast. The Federal Reserve raised rates in September and meets again in December.

Economist Peter Schiff pointed to a longer slide.

“In its 18-year history, Bitcoin never fall two calendar years in a row. But it fell 6.34% last year, and so far in 2026 it’s down 16.5%.”

Anthropic’s first trades, expected November 19, will test whether the June sequence repeats, or whether US inflation now sets Bitcoin’s direction.

The post Bitcoin Crashed 29% Before SpaceX’s IPO. Is Anthropic’s Debut Doing It Again? appeared first on BeInCrypto.

Hyperliquid Strategies has applied to register its subsidiary, HypeStrat Markets, as a futures commission merchant in the US. The Nasdaq-listed company said the proposed registration would allow it to handle accounts for US customers trading on permissioned markets under Hyperliquid’s HIP-3 framework. The news comes as Binance continues to restore withdrawals following its October security incident. The exchange has reopened withdrawals for several cryptocurrencies, but HYPE is still unavailable. 

Hyperliquid Strategies Applies For US Futures Commission Merchant Registration

Hyperliquid Strategies announced on November 5 that its subsidiary, HypeStrat Markets, had applied to register as a futures commission merchant (FCM) through the National Futures Association (NFA). FCMs handle customer funds and transactions involving futures and other derivatives, and are regulated by the Commodity Futures Trading Commission (CFTC). If approved, the registration would allow HypeStrat Markets to handle accounts for US customers trading on permissioned markets under Hyperliquid’s HIP-3 framework. CEO David Schamis said the application was part of the company’s plan to bring these markets to the US. 

Strategies said there is no assurance about the timing or outcome of the application. Any proposed activity would also depend on regulatory approval for the relevant permissioned markets. The distinction matters because Hyperliquid’s existing platform and the proposed US-facing arrangement are not the same thing. Hyperliquid is a blockchain-based trading platform known for perpetual futures, while Hyperliquid Strategies is a separate publicly traded company that buys, holds and stakes HYPE. The subsidiary’s application is an attempt to establish a regulated role for the company in the proposed US setup, rather than an announcement that the underlying protocol has received a US operating licence.

Under the HIP-3 framework, independent deployers can create and operate perpetual futures markets on Hyperliquid. They are responsible for defining markets and managing features such as oracle prices and leverage limits. The standard framework requires deployers to stake 500,000 HYPE on mainnet. The company’s quarterly presentation also outlined an additional permissioned-market approach, referred to as HIP-3*. It would use an allowlist to restrict participation to approved customers. Hyperliquid Strategies said the proposed arrangement would sit above Hyperliquid’s existing infrastructure and would be subject to regulatory approval. Itsquarterly filing and presentation provide further details about the proposed structure.

Binance Resumes More Withdrawals, But HYPE Remains Unavailable

The registration news comes as Binance continues restoring withdrawal services after a security incident that led the exchange to temporarily suspend withdrawals. Binance said on October 30 that unauthorized withdrawals from its hot wallets had resulted in losses of approximately $6.3 billion. The exchange said it would cover the financial impact and began restoring services in stages after carrying out additional security checks. On November 6, Binance published its ninth recovery update, listing more assets scheduled to regain withdrawal support across nine networks. The list included tokens on BNB Smart Chain, Ethereum, Base, Optimism, Polygon, Arbitrum, Avalanche, Tron and Sui. However, Hyperliquid’s HYPE token was not among the assets named in thelatest update.

HYPE was trading below $80 in reports published on November 6, although the price movement should not be treated as a direct result of the withdrawal restriction. Meanwhile, Hyperliquid’s HIP-3 markets have continued recording substantial activity. The figures shared in the manager’s post put daily HIP-3 trading volume at $9.15 billion, alongside 104,900 active users. These figures provide context for activity on the protocol, but they do not establish a connection between Binance’s withdrawal schedule and the company’s registration application.

Tokens linked to Donald Trump and his family, such as TRUMP Coin, MELANIA, and WLFI, recorded sharp declines on November 4 and 5, 2026, after Democrats secured control of both the House and Senate in the U.S. midterm elections. The sell-off stood in clear contrast to gains across the broader cryptocurrency market.

According to CoinGecko, Official Trump, the memecoin launched in January 2025, fell around 15% over 24 hours, trading near $1.26 and briefly hitting a record low of about $1.22. The token now sits roughly 98.3% below its January 2025 peak of $73.43.

Melania Meme dropped around 10% to around $0.065, also reaching a new all-time low near $0.0638. It is down approximately 99.5% from its high of $13.05.

World Liberty Financial, the governance token of the Trump family-backed DeFi project, declined more moderately, by roughly 4.8% to near $0.047.

Overall Crypto Market Moves in Opposite Direction

While the political tokens declined, Bitcoin rose by more than 2.3% to levels above $80,000. Ethereum gained 6% to 7%, and the overall crypto market capitalization increased roughly 3.4% to about $2.69 trillion. Other major assets, including BNB, XRP, and Solana, also posted gains. At the time of writing, Bitcoin is trading at around $80,250 with a 2.3% gain in the last 24 hours, along with a market capitalization of $1.61 trillion. ETH has also witnessed a spike of 4% in the last 24 hours.

The political memecoin sector as a whole saw its combined market capitalization fall more than 16% to approximately $477 million, even as trading volume rose sharply. Trump Media & Technology Group shares also closed at a record low, dropping around 25% in one session.

Why the Divergence Occurred

The midterm results ended Republican control of Congress and handed Democrats stronger oversight powers starting in January. Market participants priced in a greater likelihood of investigations and subpoenas targeting Trump family business interests, including crypto-related ventures.

Analysts noted that tokens closely tied to political figures carry election-specific risk that major assets such as Bitcoin do not. The outcome also raised questions about the near-term prospects for Trump-backed crypto policy initiatives. One observer described the split as evidence that the market is differentiating between assets with direct political exposure and the rest of the sector.

WLFI faced additional pressure from ongoing legal issues, including a lawsuit by investor Justin Sun alleging fraud and improper freezing of tokens tied to a large investment.

Longer-Term Context for the Tokens

TRUMP and MELANIA have experienced prolonged declines since their early peaks. Both tokens function primarily as memecoins with limited utility beyond speculative trading and branding. WLFI offers governance rights in the World Liberty Financial project but does not provide direct revenue claims to holders.

The sharp moves following the midterms highlight how political sentiment continues to drive short-term price action in these assets, even as the wider digital-asset market focuses on other factors. Trading activity in the political token segment remained elevated during the sell-off.

The coming weeks could provide further insight into how political developments influence the performance of Trump-associated digital assets. Any formal congressional inquiries, changes in the administration’s crypto policy outlook, or developments in WLFI’s ongoing legal dispute could add to market uncertainty. However, the extent to which these factors affect token prices remains unclear. For now, the contrasting performance of these assets and major cryptocurrencies highlights the different risks facing politically linked tokens. Investors will likely continue monitoring both political developments and broader market conditions as they assess the outlook for TRUMP, MELANIA, and WLFI.

US-listed spot Bitcoin funds recorded another difficult session on Monday, November 9. The updated Farside Investors flow table shows $201.0 million in net outflows across the group, extending a three-session losing streak. The important detail is that the negative total was not evenly spread across issuers: BlackRock’s IBIT recorded $213.2 million leaving, while Morgan Stanley’s MSBT attracted $22.1 million.

TL;DR: Spot Bitcoin ETFs lost a net $201.0 million on November 9, following $430.2 million on November 5 and $411.9 million on November 6. BlackRock drove Monday’s withdrawals, while one smaller fund reported inflows. The figures measure fund creations and redemptions, not the intentions of every Bitcoin investor.

Three sessions that add up to more than $1 billion

The latest fully reported Farside figures put the consecutive negative sessions at roughly $1.04 billion in aggregate. Thursday’s $430.2 million loss was followed by Friday’s $411.9 million and then Monday’s $201.0 million. That progression shows persistent selling pressure, although Monday’s net outflow was smaller than either of the previous two sessions.

Our previous report on Friday’s fund activity documented a similar pattern of issuer concentration. Going back further, the November 2 breakdown shows why it is worth examining individual ETF lines rather than reading the aggregate as a single institutional vote.

On November 9, ARK Invest and 21Shares’ ARKB showed a $9.9 million outflow. The positive contribution from MSBT offset part of the selling elsewhere. Several other funds showed no daily net creation or redemption. That does not mean no shares changed hands on exchanges; secondary-market trading and flows into or out of a fund’s underlying Bitcoin exposure are different measures.

Why IBIT carries so much of the story

BlackRock’s fund is a large and closely watched route into Bitcoin for investors using traditional brokerage and portfolio systems. Its persistent redemptions can therefore affect the tone of market commentary disproportionately. But the identity of an ETF’s end investors is not published in a daily flow table, and a withdrawal cannot automatically be attributed to hedge funds, pensions or retail holders.

The distinction between net flows and assets under management matters as well. A fund’s reported assets can fall when Bitcoin’s price drops even without corresponding redemptions. Conversely, share creations can occur on a day when the asset price weakens. Analysts who blend these concepts can make demand appear stronger or weaker than it actually was.

What would signal a more durable turn?

The next test is whether the large-issuer selling eases over several completed reporting sessions. One positive day would interrupt the streak but would not, by itself, demonstrate that buyers have regained control. It is also worth watching whether inflows broaden across products or remain confined to a single issuer.

These numbers are current through the November 9 US trading session, not an estimate of November 10 while trading is still under way. A better measure of sentiment combines a completed ETF flow series with spot volume, derivatives positioning and the changing rates outlook. For now, the latest evidence is that listed-fund demand remains weak even as the scale of net redemptions has moderated from last week’s peaks.

Written by the News Desk and edited by Samuel Rae.

The latest US inflation report has given Bitcoin traders a fresh reason to watch the bond market rather than just the crypto charts. The Bureau of Labor Statistics reported on November 10 that consumer prices rose 0.4% in October, above the 0.3% monthly increase economists had broadly expected. Core prices, which exclude food and energy, increased 0.3%. The headline figure slowed from September’s 0.6% increase but still points to inflation pressures that the Federal Reserve cannot easily ignore.

TL;DR: October US CPI rose 0.4% month on month and core CPI increased 0.3%. The hotter reading strengthened expectations of tighter monetary policy. For Bitcoin, the immediate transmission mechanism runs through interest-rate expectations, the dollar, liquidity and risk appetite—not a mechanical relationship between CPI and BTC.

Why a monthly CPI number matters so much

A quarter-point difference in inflation might sound small, yet markets were positioned around a particular expectation. When the result is higher than forecast, investors must reconsider how soon the Fed can relax policy, or whether further tightening is required. Higher Treasury yields can make cash and government securities more attractive relative to assets that offer no contractual income, including Bitcoin.

The BLS report is also unusual because it does not include a year-on-year October CPI rate. Data-collection disruptions during the federal shutdown in October 2025 left the agency without the normal comparison base. Readers should not fill that gap with an invented annual figure or compare an unofficial estimate with an official monthly release. Shelter costs increased 0.3% and accounted for more than 30% of October’s monthly rise, while food increased 0.5% and energy 0.7%.

Bitcoin’s sensitivity is about financial conditions

Bitcoin does not have a fixed reaction function to inflation. Some investors describe it as protection against monetary debasement, while others trade it as a high-volatility risk asset. Both descriptions can influence positioning, sometimes on the same day. A surprise that pushes real yields higher can pressure speculative positions even when the longer-run inflation-hedge narrative remains intact.

The distinction is especially relevant after recent fund withdrawals. Our report on November 6 Bitcoin ETF outflows explains why heavy selling through listed funds can complicate a market already reacting to macro news. ETF redemptions, however, are not the same thing as every Bitcoin holder exiting.

There is a corporate dimension too. Firms that finance Bitcoin positions with equity, debt or preferred shares may find the price of capital changes when bond yields rise. NewsBTC recently examined how Strategy combined a Bitcoin purchase with preferred-share repurchases. Those funding mechanics deserve attention when monetary policy becomes less forgiving.

The next signals to check

The market will now weigh Fed commentary, Treasury yields and subsequent employment and inflation releases. Traders should also distinguish a brief reaction to the 8:30 a.m. US data release from a sustained change in price direction; crypto trades continuously while other asset markets open and close on different clocks.

A higher-than-expected CPI reading is a real headwind for hopes of an imminent policy pivot. It is not a price target for Bitcoin. The stronger editorial conclusion is that the investment environment just became more demanding, particularly for leveraged traders who need both stable financing conditions and rising asset prices.

Written by the News Desk and edited by Samuel Rae.