Anthropic, an artificial intelligence firm, has selected Morgan Stanley and Goldman Sachs as lead underwriters for its anticipated initial public offering (IPO), according to reports from Bloomberg. This development comes as the company was recently valued at $965 billion, surpassing OpenAI’s valuation for the first time. The decision to enlist these high-profile financial institutions indicates
The bitcoin ETF bleed has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May, while ether, solana and $XRP products joined the redemption wave. Hyperliquid’s spot $HYPE ETF was the only major crypto fund still
Paybis said more companies now use stablecoins for international payments, based on a report released at Money20/20 Europe in Amsterdam. The crypto platform, which says it serves 7 million users, presented the data as payment firms and banks met at the conference. The company said 22.5% of surveyed businesses already use stablecoins for cross-border payments
Monthly venture deal count in crypto fell to roughly 50 deals in May, a level last seen in the pre-2021 era when the industry was a fraction of its current size. The compression is visible across nearly every category in the chart, with Infrastructure and Crypto Financial Services, historically the two most active buckets, both
The Fed has published the latest edition of its Beige Book, a report closely watched in monetary policy decisions. The report revealed that the U.S. economy continued to grow overall, but weakening consumer spending and high uncertainty weighed on business expectations. According to the Beige Book, economic activity increased slightly to moderately in 10 of
Nvidia CEO Jensen Huang called Marvell Technology the next trillion-dollar company at Computex on June 2. Marvell shares jumped about 33% in a single session, their biggest one-day gain on record. The move added roughly $56 billion in market value, pushing Marvell above $250 billion. The endorsement landed as investor Michael Burry warned that Nvidia
GameStop (GME) shares rose on Wednesday after the video game retailer reported record quarterly earnings and unveiled a new $2 billion share repurchase program, even as its recent bid to acquire eBay failed to gain traction. The company’s stock climbed 6.12% to $22.21on Wednesday after it posted what it described as the highest quarterly net
STRC, a dividend-paying preferred stock that Strategy (formerly MicroStrategy) founder Michael Saylor has outrageously promoted as a competitor to high-yield bank accounts, traded 5.3% below its par value at one point today. Multiple crypto derivatives of STRC are mirroring the crash. No US bank account or money market is allowed to lose money like that,
Anthropic has picked Morgan Stanley and Goldman Sachs to lead work on its initial public offering, Bloomberg reported, as the Claude maker moves closer to a potential public debut. JPMorgan Chase is also involved in the deal, according to the report. Anthropic is weighing a listing as soon as October and has filed confidentially for