The decline in US tech stocks has led to losses and layoffs at several hedge funds, including Axebrook, Walleye Capital, Engineers Gate, Lone Pine, some teams under Millennium, Verition, and Samlyn. Walleye Capital, which manages approximately $17 billion in assets, lost 5.9% in October and has dismissed its head of equity long-short strategy, Anil Gondi, and plans to return some capital. Engineers Gate lost 5.5% in October and has laid off its Synthesis equity investment team. The other institutional rumors have not yet been confirmed, and the confirmed losses and team changes do not necessarily indicate fund liquidation.

On November 6, Hyperliquid's priority fee revenue reached $510,000 in a single day, setting a new record. Priority fees accounted for 12.7% of Hyperliquid's total revenue, a record high.

According to Jeff Park, a partner at ParaFi Capital, Anthropic faces failure due to its extreme asset-liability mismatch in its business model, the need for substantial equity backing to maintain credit, and its massive, non-cancellable computational commitments. Jeff Park pointed out that if the IPO does not see a significant increase, Anthropic will fall into a death spiral; the best outcome for the company is to be acquired or to receive an international bailout from the US government in conjunction with sovereign wealth funds from the UAE, Saudi Arabia, and other countries.

The Paraguayan president resigned due to the collapse of Ueno Bank, and USDT is trading at a 13% premium in the local P2P market as people rush to acquire US dollars.

Latin American stablecoin financial platform Takenos has raised an additional $7 million in seed funding, led by North Island Ventures and Road Capital Management, with participation from Variant, Lattice, and Reverie. This brings Takenos' total funding to $12 million. Founded in 2022, Takenos currently operates in six Latin American countries, processing over $5 billion in transactions annually. Its clients include global companies such as LATAM Airlines. The platform has developed a technology stack encompassing local payment tracks, consumer applications, enterprise APIs, and institutional trading desks, with partners including Stripe, Mastercard, and Visa. (Source: PR Newswire)