Canaan Technology reported third-quarter revenue of $14.5 million and net profit of $8 million.

Anthropic PBC is seeking a fully diluted valuation of approximately $1.4 trillion in its initial public offering (IPO). Anthropic PBC and some of its shareholders plan to raise up to $90.4 billion through the IPO and private placement. According to a filing with the U.S. Securities and Exchange Commission on Tuesday, the initial public offering (IPO) aims to raise up to $64.4 billion, with a share price range of $70 to $78 per share. Anthropic PBC will issue 801.4 million shares, with investors selling 23.6 million shares. This offering includes a total of $26 billion in private placements to investors including AMD, Broadcom, Alphabet's Google, Micron Technology, Microsoft, Nvidia, and TSMC. Including the over-allotment option, the total funding will reach approximately $100 billion, exceeding SpaceX's $75 billion basic offering and $86.2 billion in over-allotment proceeds.

The prediction market platform Polymarket has generated over $1.8 billion in annualized revenue, and that figure exceeded $1 billion in June of this year. Polymarket's US site saw nominal trading volume exceed $14.5 billion in October, compared to $4 billion in June. The World Cup, the start of the NFL season, and the increasing popularity of bundled event contracts drove the growth, with bundled event contracts accounting for over 70% of the platform's trading volume on November 8th. (Source: CNBC)

Canaan Technology announced its financial results for the third quarter of 2026, with total revenue of US$14.5 million, a year-on-year decrease of 90.37% and a quarter-on-quarter decrease of 54.55%. Among them, revenue from mining machine products was US$4.8 million and mining revenue was US$9.5 million. The company reported a net profit of $8 million for the quarter, compared to a net loss of $27.7 million in the same period last year and a net loss of $97.6 million in the previous quarter. As of September 30, Canaan Technology held approximately 1,875 BTC, having mined 133 BTC during the quarter. Canaan Technology expects fourth-quarter revenue to be between $18 million and $22 million and announced the launch of an initial $20 million share repurchase program under a $100 million authorized limit.

Binance has issued a warning about a vulnerability in Apple iOS that could potentially leak iPhone users' private keys.

A Reuters poll shows that about 55% of economists surveyed expect a December rate hike to mark the end of the current tightening cycle. Another 45 economists expect the Federal Reserve to raise rates at least two more times, including more than half of the primary dealers surveyed. A strong job market, resilient economic growth, and inflation that continues to rise above the Federal Reserve’s 2% target have made tightening monetary policy a key consideration. Tom Porcelli, chief economist at Wells Fargo, said the Federal Reserve's decision depends on upcoming inflation data, which will prompt it to raise interest rates again. He believes the Fed has ample reason to raise rates at its October meeting. (Source: Reuters)