Odaily reports: According to Gate's latest institutional weekly report, affected by the U.S. stock market correction and macroeconomic risks, market appetite has come under pressure, with the S&P 500 and Nasdaq falling 2.68% and 3.37% respectively. The crypto market also pulled back in tandem, with BTC and ETH declining 3.28% and 1.5% respectively. Institutional allocation to spot ETFs has become more cautious, with BTC and ETH ETFs seeing net outflows of $1.282 billion and $365 million respectively. Against the backdrop of deleveraging and rising hedging demand, Gate's cross-asset advantage has become evident: Gate TradFi weekly trading volume grew 13% quarter-over-quarter to approximately $13 billion, with ETFs rising to 25% of stock trading.On-chain trading volume on major DEXs declined, and stablecoin supply fell 1.73% week-over-week, while Aave borrowing balances rebounded 1.8%. On the derivatives side, BTC futures open interest (OI) fell 3.61%, while options OI grew 10.80% against the trend. Skew remained negative across all tenors, and DVOL rose 1.76% for the week, indicating that deleveraging and demand for downside protection are coexisting.Facing macroeconomic uncertainty, Gate leverages the multi-asset synergy of its institutional business to integrate instruments including stock spot, stock futures, gStocks, and CFDs, continuously expanding cross-market allocation and trading options for institutional clients, and comprehensively meeting professional clients' needs for cross-platform trading, liquidity management, and hedging.

Odaily reports that Binance will update its commodity options settlement price rules to align them with its cryptocurrency options rules. The new rules apply to all commodity options expiring on or after 17:00 ET on November 23, 2026. The settlement price will be changed from the underlying market closing price at 17:00 ET on the expiration date to the arithmetic average of Binance futures index prices within 0.5 hours before the expiration time. The expiration time, trading sessions, and contract specifications remain unchanged, and the applicable rules are determined solely by the contract expiration time.

Odaily reports that approximately $2.8 billion worth of BTC and ETH options will expire this Friday. Of this, about 34,000 BTC options will expire, with a Put/Call Ratio of 0.52, a max pain point of $76,000, and a notional value of approximately $2.48 billion; about 148,000 ETH options will expire, with a Put/Call Ratio of 1.55, a max pain point of $2,200, and a notional value of approximately $300 million.The research report notes that, affected by the aftermath of the Binance hack incident, periodic net outflows from ETF funds, and US CPI data exceeding expectations, BTC briefly dipped to the $72,700–$73,300 range this week and is currently still trading below the $76,000 max pain point. In terms of positioning structure, BTC call options outstanding dominate, but the put/call ratio on 24-hour trading volume briefly rose to around 1.64, indicating warming short-term hedging and bearish demand; ETH's put/call ratio reached 1.55, reflecting stronger defensive sentiment in the market. The research report believes that before settlement, attention should be paid to whether BTC can recover toward the $76,000 max pain point. Given that the $80,000 resistance is difficult to reclaim quickly, consideration could be given to using monthly out-of-the-money put options or bear spreads for risk protection.

Odaily reports: qinbafrank posted on X that Anthropic's IPO valuation has two calculation approaches: actual issued shares and fully diluted shares. Based on the upper end of the IPO price range of $78, if calculated solely on the approximately 13.087 billion economically outstanding shares after the completion of the IPO and the $26 billion private placement, the company's corresponding market cap is about $1.02 trillion.However, the maximum valuation of about $1.405 trillion mentioned in CNBC's report uses the fully diluted approach, which further includes unexercised options, unvested RSUs, shares reserved under equity incentive plans, and shares reserved under employee stock ownership plans on top of existing shares. The fully diluted total share count is about 18 billion shares, which multiplied by $78 corresponds to a valuation of about $1.404 trillion.That said, a fully diluted valuation does not mean these potential shares will be issued all at once at the IPO. Among the aforementioned categories of shares, unvested RSUs as well as shares reserved under equity incentive plans and employee stock ownership plans are not currently actually issued shares. Therefore, fully diluted is a theoretical maximum, while actual dilution occurs gradually year by year, typically lasting several years.

Odaily reports that BIT Securities has announced the immediate launch of a US stock recurring investment feature, covering all stocks and ETFs in the US stock market. Users simply set the investment amount (starting from a minimum of US$10) and the frequency (daily, weekly, or monthly), and the system will automatically execute purchases according to the plan, eliminating the need for manual orders each time. Users can activate a plan with one click when viewing individual stock details or the "Assets" page, and can adjust, pause, or terminate it at any time. In addition, recurring investment plans can also choose to use margin financing to make purchases.Compared with lump-sum investing, recurring investment spreads capital across different points in time, which helps average out position costs and reduces the pressure of market timing.Currently, BIT Securities already supports US and Hong Kong stock trading, and covers multiple investment methods including US stock options, margin trading, and stock recurring investment. Elio Cui, Head of BIT Securities, said: "We have always hoped that users with different investment styles can find the right tools at BIT. The essence of recurring investment is long-term investing, which is consistent with the Group's long-standing philosophy of long-termism. We hope to accompany users in using discipline to counter volatility and grow together with quality assets."BIT Securities is also launching new user benefits: opening an account gives users access to commission-free US stock trading, a US$100 platform fee offset card, and a real-time market data card. Completing tasks can earn rewards worth up to US$320. A position transfer incentive campaign is also running concurrently, with rewards worth up to US$300. Campaign details are subject to BIT's official announcements.Risk warning: Recurring investment does not guarantee profits and is not necessarily superior to other investment methods. Investors should formulate investment plans based on their own financial situation and risk tolerance.

Odaily reports: Hypercall, an on-chain options platform built on Hyperliquid, plans to launch a pre-IPO options market linked to Anthropic, which it describes as the first market of its kind. Trading is expected to begin on Monday and will run 24/7, available only in select non-U.S. jurisdictions and not to U.S. customers; the platform will support call and put options as well as spread strategies. The contracts are synthetic, cash-settled derivatives, meaning traders will not hold actual Anthropic shares or obtain voting rights, and settlement amounts will be calculated based on strike price and expiration reference price. Existing Anthropic-linked perpetual contracts on Hyperliquid can provide options market makers with a hedging channel. Hypercall currently also offers options linked to SpaceX, the S&P 500 index, Bitcoin, and Ethereum; its founder Jake Sylvestre previously disclosed that the platform's September options notional trading volume was $536 million.

Odaily reports: Ahead of Friday's release of the U.S. October nonfarm payrolls report, bond traders have already bet that the U.S. Treasury market will rise further, while market expectations for the Federal Reserve to continue raising rates have continued to cool. After the U.S. midterm elections, global stock markets suffered a sell-off, driving investors toward U.S. Treasuries this week as a safe haven, and the 10-year Treasury yield fell on Thursday to its lowest level since early September.As the stock market sell-off intensified further, the 10-year Treasury yield stood at 4.82% on Friday. The recent rally in the bond market has strengthened traders' confidence that yields will fall further. One options market trade bets that the 10-year Treasury yield could fall to 4.7% by the end of next week; another trade expiring on November 20 bets that the yield will fall to about 4.35%.Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, said the data due Friday is expected to be slightly weak, but the market is still mainly focused on economic fundamentals. He noted that the U.S. economy remains quite strong and the labor market is showing a "low hiring, low layoffs" pattern, so the market has already sharply reduced rate hike expectations over the past few weeks.

Odaily reports that Goldman Sachs analysts Lina Thomas and Daan Struyven, in their November 5 report "Precious Metals Analyst Report: Long-Term Bullish on Gold, but Not Now," lowered their end-2026 gold price forecast from $4,650 per ounce to $4,150, and their end-2027 target from $5,400 to $4,800.For a bank that has long supported a structural bull market in gold, this is a significant adjustment. But Goldman Sachs still expects central banks to continue buying gold heavily, concerns over the safety of foreign exchange reserves to persist, and ultimately lower U.S. interest rates to provide support for gold prices.Stephen Innes, a macro market strategist in the international financial community and an expert in foreign exchange and commodities, interpreted the report as saying that what has really changed is the driver structure behind gold's rally: central banks are still increasing their gold holdings, but the Fed's maintenance of restrictive monetary policy is weakening private investors' willingness to buy, especially speculative funds that rely on leverage and options trading.What is happening in the gold market is this: central banks may still be buying, but leveraged funds are no longer willing to follow them at any cost.

Odaily reports: Institutional crypto platform Anchorage Digital has submitted a swap dealer registration application to the U.S. National Futures Association (NFA) through its entity Anchorage Digital Swap Dealer, LLC, and is currently awaiting review. If approved, the entity plans to offer European-style options on Bitcoin and Ethereum with maturities of up to one year, and will subsequently expand its product offerings subject to internal approvals and regulatory requirements.Nathan McCauley, co-founder and CEO of Anchorage Digital, stated that the move aims to meet growing institutional demand for regulated digital asset derivatives trading channels. Once registration is complete, institutional clients will be able to trade digital asset derivatives with counterparties regulated by the U.S. Commodity Futures Trading Commission (CFTC), and utilize Anchorage Digital's existing services such as custody. (The Block)

Odaily reports: Acting Secretary for Financial Services and the Treasury of Hong Kong, Joseph Chan, stated that Hong Kong's Blockchain and Digital Asset Pilot Subsidy Scheme has successfully funded nine pilot projects, covering areas such as real-world asset tokenization, payment and stablecoin infrastructure, security and risk management, and decentralized identity. As of June this year, it had facilitated a total of HK$230 million in asset tokenization.In addition, as of September this year, the Hong Kong Securities and Futures Commission (SFC) has authorized 13 tokenized money market funds, one tokenized gold investment product, two gold ETFs (exchange-traded funds) with tokenized shares, and one covered call ETF with tokenized shares. (Hong Kong Government Press Release)