Abraxas Capital holds over $980 million short position in Hyperliquid

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)

According to BBX, yesterday's global capital markets witnessed a stark contrast in their strategic choices regarding crypto-related stocks, with some giants choosing to maximize their profits using financial instruments, while veterans opted to liquidate their digital beliefs and cash in to capitalize on the next wave of opportunity. —Financial Magic: Core Scientific reported $233 million in revenue in Q3, but managed to generate an astonishing $1.178 billion in net profit thanks to changes in the fair value of warrants. —Real-world transformation: Keel Infrastructure (formerly Bitfarms) decisively sold 2,520 BTC, cashing out $192 million and announcing that it has essentially cleared its reserves, with future production to be "produced and sold immediately," fully investing in AI infrastructure. —Ecosystem Support: Tron Inc. has steadily invested 155,000 TRX, bringing its total reserves to over 722 million, safeguarding the value floor of Tron. The market is showing a clear dual evolutionary trend: "leading mining companies are using Wall Street derivatives pricing rules to achieve extreme expansion of their balance sheets and profit statements" and "asset-heavy listed entities are resolutely liquidating their underlying crypto assets at high prices in order to strategically migrate to AI data center infrastructure." Source: bbx.com