Elon Musk-backed Anthropic is readying itself for its debut in the public markets in October. The company is now anticipated to begin marketing itself to investors as early as mid-month, sources with knowledge of the situation said Friday. The Anthropic IPO listing might happen just days ahead of the U.S. midterm elections in November. Experts
A planned dollar stablecoin backed by 21 global financial institutions will begin with regulatory resources, corporate relationships, and international payment connections. Four industry executives told crypto.news, however, that institutional backing will not guarantee adoption unless the token can match the liquidity, accessibility and portability already offered by $USDT and $USDC. The consortium committed to forming
The tokenized real-world asset market has reached $34.6 billion onchain, but only $3.79 billion has been deployed in protocols, leaving about 89% of issued value idle. DefiLlama data shows a sharp difference between the value of tokenized assets issued onchain and the amount being used inside decentralized finance protocols. BlackRock’s BUIDL has a utilization rate
Tesla Cybercabs stock crashed 6% in an hour this morning following news of a compliance audit. Yesterday, Tesla commercially deployed Cybercabs onto public streets in Austin, Texas. By the end of the day, the National Highway Traffic Safety Administration (NHTSA) quietly opened a new probe, Audit Query AQ26002, of up to 1,000 Tesla vehicles, which
Billionaire Nvidia director Mark Stevens sold $410.84 million of the chipmaker’s stock across three days this week and didn’t even bother to note any predetermined trading plan or reason for his disposal. It was the largest insider Nvidia stock sale in history by dollar value, clearing the previous record by $175 million. He disclosed his
In brief A meme coin called BONER cornered 53% of the tokenized Hims & Hers Health shares on Robinhood Chain over the August 30 weekend. The move briefly sent the wrapped stock to $132.64 against a real Friday HIMS close of $28.84. The real HIMS stock barely moved, trading near $29 on Monday, but the
As Tesla Inc. (NASDAQ: TSLA) stock fell by more than 7% over the past 24 hours following an underwhelming Cybercab event on September 3, Gordon Johnson, a Wall Street analyst at GLJ Research, expects a crash to $24 over the next 12 months. Johnson reiterated a ‘Sell’ rating for Tesla stock, according to a note
American technology microcap AIxCrypto Holdings (AIXC) is fully liquidating its digital asset portfolio and winding down its crypto treasury strategy. The company filed the corresponding amendment to its Form S-1 with the SEC on Sept. 4, 2026. The asset sell-off comes amid heavy financial losses, with management recording an unrealized loss of around 50%. According
The crypto market, as well as the broader financial sector, now awaits the upcoming US CPI data for cues on the potential move of the Federal Reserve with its rate hike plan. Morgan Stanley offered temporary relief earlier today, saying that it expects the US central bank to keep the rates unchanged at its September