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On October 18, the artificial intelligence company Anthropic announced that it would allocate a portion of its company shares to the newly established Anthropic Public Benefit Fund, with the shareholding ratio of this entity increasing as the company grows. Subject to shareholder approval, the company committed to contributing 5% of Anthropic shares on that day; thereafter, for every 50% increase in company value above a set benchmark, the board may discretionarily increase the contribution by an additional 2%.The fund will be established as a wholly-owned LLC rather than a 501(c)(3) or other forms, allowing for adjustments between different donation methods. The Anthropic equity held by the fund will not be used for lobbying or political donations in the U.S. or abroad. Anthropic stated that the fund aims to advance its mission with greater flexibility and scale, such as making large donations to traditional non-profit organizations or directly allocating resources to specific populations. The company had previously committed $200 million to research and address the impact of AI on the labor market.As a public benefit corporation, most of the mission-related work is still conducted internally, including AI safety and explainability research, applied biomedical research, and providing discounts on Claude to non-profit organizations and research institutions. At the company's founding, the co-founders committed to donating 80% of their equity holdings; the company also operates an equity donation matching program, with about half of the employees participating. With this announcement, approximately 20% of Anthropic shares will be used for public benefit, and this percentage may increase after reaching specific valuation milestones. The structure, governance, and corresponding milestones of the fund will be announced in the coming months.

Goldman Sachs, Wells Fargo, and Morgan Stanley stated in their third-quarter earnings call that they view tokenization as a business growth opportunity, but none provided related revenue expectations. Goldman Sachs is exploring the expansion of DTCC's tokenization services; Wells Fargo has used tokenized deposits to process cross-border payments, with funds reaching the recipient's account within two minutes, and is exploring tokenized securities, RWA, and crypto trading services for wealth management clients; Morgan Stanley stated that tokenization can accelerate and simplify asset transfers, but clients still need investment advice.

The decentralized social network Farcaster has changed ownership for the second time this year. Network School, led by Balaji Srinivasan, has acquired Farcaster from Neynar, with the transaction amount not disclosed. Neynar co-founder Rish stated on Thursday that after considering multiple acquisition offers, the company decided to transfer the "Farcaster application, protocol codebase, and related products" to Network School, citing that Farcaster needs a different operational model in the next phase. Rish and another co-founder, Manan, will leave, while the remaining Neynar employees will join Network School to continue developing Farcaster.Neynar acquired the platform from Farcaster's original developer, Merkle Manufactory, in January this year, and the deal also included the token issuance platform Clanker. Rish's announcement did not mention the fate of Clanker, but GM Farcaster host Adrienne and NourishProf mentioned during a live broadcast on Thursday that Rish is considering splitting Clanker and seeking other buyers for it. Meanwhile, an in-app announcement indicates that Farcaster will be renamed "Network Nation Protocol," aiming to build a network composed of a voluntarily joined digital society, ultimately landing in the physical world.Users must choose to accept or reject a "social smart contract," with acceptors receiving an on-chain access NFT as proof.

On October 13, the U.S. Department of Justice announced the arrest of two Americans in an operation targeting North Korean IT personnel who entered U.S. companies under false identities, and the seizure of approximately 187 computer devices. Michael James Bostelle from Pennsylvania and Juan Cecilio Pena Carrillo from Texas were arrested based on an indictment from the Northern District of Ohio Federal Court. Prosecutors allege that the scheme involved over 70 U.S. employers, generating approximately $3 million in revenue for overseas IT personnel. The two are charged with conspiracy to commit wire and mail fraud, conspiracy to commit money laundering, and conspiracy to commit identity theft, with Pena additionally charged with aggravated identity theft.The device seizure operation is part of "Operation Lone Star," coordinated by federal law enforcement in the Northern District of Texas. From September 21 to 25, the FBI executed searches at over 40 suspected "laptop farm" residences in Texas, seizing devices including laptops and keyboards, video, and mouse equipment for remote access. According to the Ohio indictment, domestic accomplices received laptops issued by employers at home and then allowed overseas personnel to control them via remote access software or hardware, making it appear as if they were located in the U.S. and accessing company systems, while the accomplices received salaries and transferred funds overseas.The indictment mentions cryptocurrency as one of the means for transferring funds overseas. Trey Michael Nolte, a resident of Ohio, is listed as a co-conspirator but has not been charged in this case; the indictment states that in a conversation on July 8, 2024, he described managing transfers between bank accounts and virtual currencies using spreadsheets, subsequently transferring funds to the defendant Sun Sheng Ming;

Ray Dalio, the founder of Bridgewater, stated that the sell-off in the U.S. bond market is far from over, as increased financing demands from the government and corporations, along with weakened demand from some traditional buyers, are exacerbating the pressure on U.S. Treasuries.The U.S. is entering a phase where increased bond supply is driving up yields, with debt burdens reaching the highest levels since World War II, and it is expected to worsen in the coming years. Dalio believes that shorting U.S. Treasuries remains more attractive than going long.

According to CoinDesk, citing two individuals with direct knowledge, Kraken's parent company Payward is in talks with Wells Fargo to become its cryptocurrency liquidity provider. Under the potential arrangement, Wyoming-based Payward would supply liquidity for digital asset trading. The individuals requested anonymity as the matter is not yet public, negotiations are ongoing, and an agreement may not be reached. Both Payward and Wells Fargo declined to comment.The report states that cryptocurrency exchanges often serve as a gateway for banks and institutional investors to access digital asset liquidity, providing access to trading venues and assisting in order execution. Wells Fargo previously served as the exclusive capital markets advisor for Nasdaq, which agreed in September to invest $100 million in Payward and deepen collaboration in tokenized stocks and market surveillance. CoinDesk also reported that Payward was in talks last week with custodian bank BNY regarding financial infrastructure collaboration.

Wells Fargo raised the target price for Meta Platforms (META.O) from $796 to $1,000.

The Chief Investment Officer of DBS Group, Hou Wey Fook, stated that Nvidia's price-to-earnings ratio and the expected 70% profit growth next year indicate that AI-driven tech stocks are still far from a bubble. Nvidia's price-to-earnings ratio for the next 12 months is 17 times, well below Cisco Systems' approximately 100 times before the internet bubble.He suggested adopting a "barbell strategy" to control portfolio volatility.

Binance founder Changpeng Zhao clearly stated in an interview with The New York Times that his lifestyle is not like that of an ordinary billionaire. Forbes estimates his net worth to be over $100 billion, but Changpeng Zhao insists that the actual figure is much lower, around $10 billion to $30 billion.He said that even with just a small portion of that, he could live very comfortably—only needing $10 million.

Chief Investment Officer Greg Taylor of PenderFund Capital Management stated that the September non-farm report is favorable for the market and essentially rules out the possibility of a Federal Reserve rate hike in October.There may still be expectations for a rate hike in December, but it has already been priced in by the market and will not have a significant impact on the market.

After the non-farm payroll data was released, the yield on the U.S. 30-year Treasury bond fell by 2.8 basis points to 5.575%. The 2-year yield dropped by 7.7 basis points to 4.71%. The 10-year yield ultimately decreased by 5.6 basis points to 5.18%.

According to Gate market data, after the non-farm payroll data was released, spot gold rose by about 40 dollars, reaching a high of 4,226 dollars per ounce; spot silver broke through 62 dollars per ounce, with an intraday increase of 1.67%.

The U.S. Bureau of Labor Statistics revised the non-farm payroll employment for July from +21,000 to -10,000, and for August from 162,000 to 133,000.After the revisions, the total number of new jobs for July and August is 60,000 lower than before the revisions.

In September, the seasonally adjusted non-farm payroll employment in the United States increased by 29,000, with an expectation of 90,000, and the previous value was revised from 162,000 to 133,000.

The seasonally adjusted non-farm payroll employment and unemployment rate, as well as the month-on-month and year-on-year average hourly earnings in the United States for September will be announced in ten minutes.