Big Whales' Movements

Lumentum falls 5.5% premarket, Marvell Technology down 3.3%

Lumentum extended its premarket decline to 5.5%, while Marvell Technology fell 3.3%, according to data from MSX.COM. The move came as details around the companies’ merger agreement drew attention to sizable termination fees written into the deal. Under certain circumstances, if the transaction is terminated, Marvell may be required to pay Lumentum a termination fee of as much as $5.8 billion, with a $3.2 billion fee applying in some cases. If Lumentum terminates the deal under certain specified conditions, it would need to pay Marvell a $2.9 billion termination fee. The fees are not automatic and would only be triggered if the agreement is terminated under the specific conditions set out in the merger contract. The report was published by Odaily, citing MSX.COM market data.

U.S. stocks

1 days ago

U.S. stock futures rise Monday as tech leads and traders watch this week’s catalysts

U.S. stock index futures moved higher on Monday, with technology shares leading the advance. The move came as lower oil prices offered some relief to markets after artificial intelligence investment trades went through a weak week. Attention is now turning to several potential catalysts on the calendar, including October manufacturing data, Apple earnings, and the U.S. midterm elections. Morgan Stanley strategist Mike Wilson said the market correction is in its final stage and that market breadth is improving. The setup leaves investors focused on whether incoming data and corporate results can help shape the next move in equities.

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U.S. stock futures

1 days ago

U.S. stock futures rise as traders watch whether tech can lead again

U.S. stock index futures moved higher on Monday, with technology shares leading the advance, as lower oil prices gave markets some room after a weak week for artificial intelligence trades. Attention is now shifting to several near-term catalysts that could shape sentiment, including October manufacturing data, Apple earnings and the U.S. midterm elections. Strategists cited improving market breadth, though they stopped short of calling the path clear. Jefferies said the recent weakness in mega-cap technology stocks had supported its view that leadership was broadening and capital was rotating, but Friday’s sell-off also raised questions about the broader market outlook. Morgan Stanley’s Mike Wilson said the correction that began in June had entered its final stage, while warning that more risk-clearing events could still trigger another leg down and create opportunities for investors to add exposure.

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CoreWeave

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CoreWeave, CrowdStrike team up to secure large-scale AI workloads

AI cloud computing company CoreWeave has entered into a partnership with cybersecurity firm CrowdStrike to provide security protection for large-scale AI workloads, according to a Techub News brief citing Crypto Briefing. The report says the collaboration is intended to strengthen the security of AI systems as autonomous systems continue to develop and the agent era takes shape. The stated focus is on addressing security challenges tied to that shift. No additional terms of the partnership were disclosed in the brief.

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Changpeng Zhao

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CZ says more countries may see value in issuing local-currency stablecoins

Changpeng Zhao, widely known as CZ, said in a post on X that more countries will begin to recognize the potential benefits of issuing stablecoins tied to their own national currencies. According to Zhao, such products can increase demand for the domestic currency itself and, in turn, lift demand for that country’s government bonds. He added that the U.S. dollar is already far ahead on this front. The remarks were cited by ChainCatcher in a brief news update. No additional details, timeline, or country-specific examples were provided in the source text.

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CZ says local stablecoins could lift demand for national currencies and sovereign debt

Binance founder Changpeng Zhao, better known as CZ, said in a post on X that more countries will come to recognize the value of issuing local stablecoins. In his view, a domestically issued stablecoin can increase demand for a country’s own currency and, in turn, support demand for its government bonds. He added that the U.S. dollar already holds a major lead in this area. CZ made the comment while reposting an update about RedCoin, a Hong Kong dollar stablecoin linked in the post to HSBC. According to the reposted information, RedCoin reached 50,000 users in its first week and recorded HK$87.75 million in circulation. The same update said the project plans to expand its use cases to tokenized investment products. The post did not include further details beyond CZ’s remarks and the figures cited in the RedCoin update.

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MicroStrategy

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MicroStrategy adds 811 BTC and repurchases $208 million in STRAT tokens

MicroStrategy said it has increased its Bitcoin holdings by 811 BTC and repurchased STRAT tokens worth $208 million, according to a post cited by Techub News from @Strategy. The update also gave a snapshot of the company’s balance sheet as of Nov. 1. At that date, MicroStrategy held a total of 849,327 BTC, alongside U.S. dollar-denominated assets valued at $4.9 billion. The disclosure was limited to those figures and did not include more detail on the timing of the purchases or the mechanics of the token buyback.

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North Korea hackers

1 days ago

Analyst says suspected North Korean hackers made repeated mistakes while moving stolen Binance-linked funds

On-chain analyst Ai Yi said wallets tied to the suspected North Korean attackers behind the Binance incident made several operational mistakes while moving stolen assets. According to the monitoring, the group sent roughly $3.5 million worth of multiple tokens to the NEWT contract address, failed to check liquidity conditions before selling PROM, and ended up receiving only $71 from tokens valued at about $5 million. The analyst also said the actors used MetaMask to sponsor gas fees, a step that may have left off-chain traces such as IP-related logs. In another transfer, about $250,000 was deposited to Gate, which has already frozen two related accounts and said it will assist with the follow-up investigation. The analysis added that when stolen assets span more token types and pass through more trading steps and intermediaries, attackers are more likely to leave traceable clues, which could help Binance track the later flow of funds.

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