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 $965 billion, surpassing OpenAI’s valuation for the first time. The decision to enlist these high-profile financial institutions indicates
Bitcoin [$BTC] fell by another 3.9% in the last 24 hours, extending its price plunge to a local low of $61.4K. Strategy announced a 32 $BTC sale, the first since 2022. Heavy spot ETF outflows helped drive the price even lower. As expected, this caused a lot of capitulation, especially from short-term holders who bought
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
Blockchain analytics platform Chainalysis has reported that wallets interacting with Coinbase’s x402 protocol have generated more than 100 million transactions on Base since the payment standard launched, offering one of the clearest signs yet that machine-to-machine payments are beginning to gain traction on public blockchains. Built to let software agents pay for online resources automatically,
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
DNA Protocol and $XRP Ledger: The Rise of Sovereign Identity Powered by Zero-Knowledge Proofs DNA Protocol, a platform built around decentralized identity, is advancing a model of sovereign identity anchored on the $XRP Ledger (XRPL), using zero-knowledge proofs to verify personal and genomic attributes without exposing the underlying data. For decades, identity has been defined
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
Joe Weisenthal, one of the hosts of Bloomberg’s Odd Lots program, suggested in a press release that the current period could be “the harshest crypto winter in history.” According to Weisenthal, the cryptocurrency market is facing many negative trends simultaneously, unlike in past cycles. Weisenthal noted that investors can no longer argue as strongly as