[Ansem: Shorting SOL, Earning About Half of Profit in Trading Insight Rewards] Trader Ansem shorted SOL on Pump, earning about half of the trade's profit in trading insight rewards, including approximately $36,000 in callout rewards. Ansem cited a bearish engulfing pattern on the monthly chart, a break in the daily and weekly trends, and a bearish retracement in Nasdaq futures as the basis for his bearish view on mainstream crypto assets. He believes the rally was a short squeeze to a key resistance level and is watching whether the daily chart can recover Monday's range and fall below $96.

The company said it's trying to establish a U.S. "futures commission merchant" with full compliance for activity with U.S. clients, though the timing is uncertain.

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.