ETH falls below the $2500 mark

British fintech company Revolut has completed a share sale, valuing the company at $115 billion, up approximately 53% from its $75 billion valuation in November 2025, and roughly 50 times its 2025 pre-tax profit of $2.3 billion. The round was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford, with participation from existing and new global investors. CEO Nik Storonsky stated that Revolut already has over 80 million customers, with a next target of 100 million. Since early 2026, the company has launched banking operations in the UK, Mexico, Australia, and New Zealand, and has obtained licenses in France, Colombia, and Argentina; its next target is the US.

The popularity rankings show that ZEC's popularity has increased by 200,000 compared to yesterday, ranking second. The popularity rankings are as follows: ① ZEC （$1280.84，12.56%） ② ETH （$2316.15，2.37%） ③ SNDK ($1133.00, 2.72%) ④ XAUT ($4036.35, 3.51%) ⑤ ONE ($7.44, 4.79%) ZEC saw strong buying pressure from major investors, with a net inflow of $90.8545 million in the last 24 hours and a trading volume of $6.711 billion, of which $74.9022 million was from major investors.

Anthropic showcased Claude's chip design capabilities to attract IPO investors and potentially enter the multi-billion dollar chip design tool market. The company's 15-person in-house chip development team has already used Claude in actual engineering designs, with some tasks completed in less time than estimated by traditional chip manufacturers like Nvidia and AMD. On November 3, shares of chip design software giants Synopsys and Cadence fell by about 4% at one point during trading. OpenAI is also using its own models to assist in the development of the Jalapeño chip and has signed a multi-year cooperation agreement with Synopsys.

THORChain has completed its version 3.21.1 update, and exchanges on 11 chains, including AVAX, BASE, BCH, BTC, DOGE, ETH, LTC, RUNE, TRON, XRPL, and ZEC, have resumed. Exchanges on ATOM, BSC, and SOL remain suspended. Currently, 14 active nodes have not yet upgraded to version 3.21.1. All active nodes need to complete the upgrade to fix the redemption performance issues. This update brings THORChain one step closer to launching on Monero.

On November 4, Democrats regained control of the U.S. House of Representatives. California Democratic Representative Robert Garcia will serve as chairman of the House Oversight Committee, which plans to examine the Trump family's cryptocurrency transactions, Donald Trump Jr.'s business dealings, and the appointments of relatives such as Jared Kushner, claiming that Trump's cryptocurrency-related businesses have generated over $1 billion in revenue. World Liberty Financial may become the primary target of the investigation. The Democratic Party is focused on a deal involving approximately $500 million invested in the company by a member of the UAE royal family and plans to begin questioning and subpoenaing related companies and donors starting next February. World Liberty Financial is currently seeking a national banking license.