Crypto News

Anthropic’s planned IPO lifted technology and semiconductor sentiment after the AI company publicly filed an S-1, reporting first-half revenue of $16.3 billion and a net loss of about $8.07 billion. Its proposed ticker is ANT. The filing highlights strong growth but also raises questions about AI companies’ heavy computing costs and profitability. The semiconductor index rose 2.82% in the session. Investors are also watching the Federal Reserve’s decision on 28 October. Markets broadly expect rates to remain at 3.75%-4.00%, while the Fed’s guidance may shape expectations for future borrowing costs and risk assets. In crypto-related equities, Strategy paused its recent Bitcoin buying streak and repurchased $204.9 million of STRC preferred shares. The company’s reported $8.3 billion quarterly Bitcoin paper loss remains in focus ahead of its results. Meanwhile, CoreWeave shares have come under pressure amid concerns about financing needs and the cost of fulfilling its large order backlog. For crypto traders, the main near-term signals are the Fed’s tone, technology earnings and AI infrastructure funding conditions. These factors could influence risk appetite and Bitcoin trading, while Strategy’s pause removes one source of corporate Bitcoin demand for now.

Anthropic plans to launch its IPO during the week of 16 November, as the AI company faces enormous infrastructure commitments and tighter private financing. A draft prospectus cited by The Wall Street Journal reportedly puts its future computing commitments at up to $750 billion, including more than $600 billion in existing obligations and as much as $150 billion in potential additional deals. Anthropic reported revenue of $16.3 billion in the first half of 2026, up from $1.1 billion a year earlier, alongside a net loss of $80.7 billion. The article says most of that loss was related to financing accounting charges. Meanwhile, private capital is becoming more expensive: a reported $9 billion subordinated-debt component of a $60 billion chip-financing package carries a yield above 10%, up from 8.5% on an earlier deal. The Anthropic IPO could give the company access to deeper public-market funding and test investor confidence in AI infrastructure spending. But recent market volatility—including cancelled or weakly received listings and rising borrowing costs for data-centre firms—means the offering faces a tougher backdrop. Investors see the IPO as a major test of whether public markets will finance the next phase of the AI build-out.

Crypto markets saw developments in tokenisation, corporate treasury activity and regulation. Aviva Investors launched a sterling liquidity fund share class on the XRP Ledger, investing £50 million; its fund assets under management are about £22 billion, not the amount tokenised. Evernorth disclosed a potential $80.7 million equity facility that could fund general corporate purposes, including XRP purchases, but the financing and any purchases are not yet completed. Corporate crypto holdings also drew attention. Strive bought 6,182 BTC, bringing its bitcoin treasury to 43,000 BTC, and proposed an at-the-market offering of up to $1 billion in preferred shares. Bitmine reported holdings of about 6.05 million ETH, while Strategy said it made no new bitcoin purchases over the week and reported $5.1 billion in dollar assets. Separately, Circle minted $112 billion of USDC on Solana in 2026 to date; gross minting does not equal net supply growth. Regulatory and infrastructure news included final OCC approval for Ripple National Trust Bank, a CFTC-led path toward voluntary federal registration for crypto exchanges, and Chainlink’s CustodySync service for connecting custodied assets to DeFi lending. Hyperliquid outlined optional allowlists for certain perpetual markets, while Akash voters considered migrating its network to Solana. These developments may support institutional access and on-chain activity, but do not guarantee near-term price gains.

A review by DeFi researcher Ignas says only trading, AI and privacy tokens have outperformed Bitcoin this year. Trading tokens led the group: DRV gained 665%, HYPE 200%, PUMP 121% and RAY 106%. Ignas linked their gains to speculative activity generating protocol fees, with buybacks potentially supporting token value. AI tokens also rose sharply, led by VVV at 1,431%, followed by NEAR at 203% and GRASS at 151%. Privacy tokens ZEC and XMR gained 137% and 37%, respectively. Institutional-adoption-related tokens QNT and MORPHO rose 173% and 89%. The figures point to strength in a few crypto token sectors rather than a broad market rally. Ignas said tokens with strong revenue-generating capacity may offer a more manageable trading thesis, though past gains do not guarantee future performance.

A user reportedly lost about $1.58 million in cryptocurrency on Ethereum and Base in a suspected private key leak. No further details about the user, the affected assets or the incident’s cause were provided. The private key leak is a reminder for traders to secure wallet credentials and review their storage practices.

Binance will adjust the tick sizes for its BLURUSDT and QUSDT perpetual contracts at 14:30 Beijing time on 28 October 2026. The BLURUSDT tick size will decrease from 0.00001 to 0.000001, while QUSDT’s will increase from 0.000001 to 0.00001. The Binance tick size changes will not affect contract trading operations, and existing orders will remain unaffected.

A trader linked on-chain to the UXLINK hacker has opened a 30,300 ETH long position on Hyperliquid at an average entry price of $2,134. The position is valued at about $70.25 million and is showing an unrealized profit of $5.62 million. The link is based on fund movements: a month ago, the trader’s funding address and a known UXLINK hacker address swept their remaining ETH gas to the same wallet on the same day. In early August, the hacker reportedly gathered 11.54 million USDC from multiple sources and began trading ETH on Hyperliquid. Across six ETH positions, five were profitable, for a reported total profit of $5.71 million.

Anthropic’s IPO filing highlights its reliance on a small group of suppliers for advanced chips and high-bandwidth memory (HBM). The S-1, filed on 26 October 2026, names TSMC as a key chipmaker and SK hynix, Samsung Electronics and Micron as major HBM suppliers. It warns that supply may not keep pace with demand and that competitors could secure manufacturing capacity first. The filing also describes hundreds of billions of dollars in compute commitments, estimated in the article at more than $600 billion, involving Broadcom, Google and Amazon. These obligations could weigh on Anthropic if demand falls short of expectations. The report says revenue rose from $386 million in 2024 to a projected $4.585 billion in 2025. No IPO share count or price range was disclosed. For traders, the Anthropic IPO story highlights both rapid AI growth and the supply-chain and cost risks facing the wider AI sector.

South Korea is considering an education tax on cryptocurrency centralised exchanges (CEXs) if they are classified as financial institutions under a proposed digital asset bill. Crypto trading and brokerage businesses are currently treated as information and communications businesses, so they do not pay the tax. Banks, insurers and securities firms pay based on operating revenue: 0.5% on the first 1 trillion won and 1% on amounts above that. The proposal could increase operating costs for South Korean crypto CEXs, but no final tax decision has been announced.

Bitget has listed three new stock perpetual contracts: EIDO, which tracks the iShares MSCI Emerging Markets ETF; STM, for STMicroelectronics; and EQT, for EQT Corporation. The contracts are settled in USDT, offer leverage of up to 20x and trade 24/7. Bitget now supports 382 stock perpetual contract markets. The expansion broadens access to equity-linked derivatives on a crypto exchange, but the announcement does not indicate a direct change to cryptocurrency prices or market conditions.

Soneium announced plans for an ecosystem token on October 26, but said no token has been issued and details will come later. The announcement also outlined entertainment-focused products, including a Moriusa IP Token project and plans to tokenize K-pop concert royalties through bonds. Soneium’s token plan does not establish that holders will receive royalties or other revenue rights. The proposals cover different instruments: ecosystem participation, IP-linked tokens, and bonds backed by entertainment businesses. Buyers need to check the specific legal entitlement, eligible revenue, deductions, reporting, payment process and exit options for each offer. Automating payouts on a blockchain cannot independently verify how much revenue was collected or whether the rights are valid. Soneium’s ERC-8432 licensing standard is intended to make creative-work licences easier to register and read, but it does not itself collect royalties or enforce rights. For traders, the key takeaway is that Soneium has announced plans, not a confirmed token launch, airdrop or guaranteed income opportunity.

Former Obama adviser Robert Wolf and former Trump adviser Stephen Moore have proposed a bipartisan framework for US data center development. The plan calls for federal guidelines covering five areas: protecting electricity customers from grid upgrade costs, improving grid reliability and planning transparency, assessing water and energy use, requiring early community engagement, and preserving state and local authority over facility siting. The proposal comes amid rising concern over AI-driven data center construction. More than 300 state-level data center bills were introduced in 2026. A separate bipartisan Senate bill, announced on September 30, also seeks to shift grid upgrade costs from ordinary ratepayers to large electricity users, including data centers. The framework is a proposal, not an enacted policy. If adopted, its requirements could raise project costs and lengthen approval timelines, while giving utilities and communities more visibility into data center plans. For crypto traders, the data center rules have no direct market catalyst, but they reflect broader scrutiny of AI infrastructure, electricity demand and energy costs—factors that can influence sentiment toward technology and crypto mining sectors.

Visa, BILL and Billtrust began a live pilot on October 20 in which trusted AI agents can initiate and complete approved invoice payments through supplier portals. Visa’s Intelligent Commerce tools, including its Trusted Agent Protocol, are designed to verify agents on systems traditionally built for human users while preserving supplier controls. The limited business-payments pilot does not give AI agents open-ended spending authority and is not a public-blockchain settlement launch. Its relevance to crypto is the permission layer: AI agent payments, whether made through traditional networks or crypto wallets, require clear spending limits, revocation, audit trails and accountability. Solving those controls could help make automated onchain commerce more practical.

The crypto market’s focus is shifting toward institutional infrastructure, stablecoins and AI, according to reports from KBW and TOKEN2049. Traditional financial firms are increasingly involved in custody, tokenisation and trading infrastructure, while conferences in Seoul and Singapore highlighted AI agents using crypto for payments. Speakers described agent-driven commerce as a future opportunity, but acknowledged that meaningful transaction volumes remain limited. The reports also point to unresolved challenges. A lack of clear rules for crypto market makers can blur the line between legitimate liquidity provision and manipulation, creating uncertainty for trading firms and investors. Separately, StandX’s DUSD airdrop has drawn criticism from users who received little or no allocation, reversing some of the goodwill after the project announced it would shut down. Claims about allocations and conversion rates remain unconfirmed by the project. The digest also profiles Metric, a DEX project addressing losses liquidity providers can incur when prices lag behind broader markets. The article says 62 major Uniswap V3 pools recorded a combined $35.6 million in net losses from loss-versus-rebalancing between January and September 2026, after fee income. Overall, the crypto market narrative is increasingly centred on institutional adoption and new trading infrastructure, alongside execution, regulatory and user-trust risks.

The crypto market faces mixed signals from institutional adoption, new token launches and geopolitical risk. Anthropic has publicly filed for a Nasdaq IPO under the proposed ticker ANT, while reports of possible US military action against Iran and a sharp fall in Brazilian index futures add to broader market uncertainty. Circle reportedly minted $112 billion in USDC on Solana in 2026 so far, including $500 million in two recent transactions. Tether and several crypto firms launched the FASE foundation, which plans stablecoin-based humanitarian aid for up to one million people. These developments keep stablecoins and Solana in focus, though issuance figures alone do not confirm how much new capital is entering crypto markets. Ritual launched its mainnet and RITUAL token, with 18% of initial supply unlocked at launch and a 0.5% fully unlocked airdrop. Coinbase plans to list the token. Akash is voting on a proposed migration from Cosmos to Solana; if approved, AKT could move to Solana on a 1:1 basis after audits. Bitmine added 10,452 ETH last week, bringing its holdings to 6.05 million ETH, or about 4.95% of supply. Regulatory and institutional developments include Ripple receiving full OCC approval to operate as a national trust bank, a CFTC-NBA agreement naming Kalshi and Polymarket preferred prediction-market platforms, and new South Korean reporting rules for cross-border crypto transfers from 3 December. Traders should watch macro headlines, token unlocks, the AKT vote and whether stablecoin issuance translates into sustained demand. The crypto market outlook remains mixed.

Sui has updated Tidehunter with fixes focused on write-ahead log (WAL) replay and flush ordering. The changes address stale writes, WAL tracking across key-space contexts, snapshot replay boundaries and data handling during asynchronous flushes. They also prevent duplicate indexing of relocated copies and improve how processed overlay positions are cleared after a flush. The update is a revision-only change: Tidehunter’s manifest was not modified, and the pull request says the changes are covered by Tidehunter’s continuous integration tests. It does not announce a protocol change or user action. The main significance is improved data consistency and reliability in Sui’s storage infrastructure, rather than a new feature or direct change to SUI token economics.

Two cryptocurrency addresses transferred a combined 5,069.5 ETH, worth about $11.69 million, to Kraken and Binance, according to on-chain analyst Ai Yi. One address deposited 2,558.5 ETH to Kraken. It had accumulated the tokens in batches between 2025 and 2026 at an average price of about $2,880; selling at current prices would mean a loss. A second address, inactive for 11 months, withdrew 2,511 ETH from Aave and sent it all to Binance. Exchange deposits can signal potential selling pressure, but the transfers do not confirm that either holder has sold. Traders may monitor ETH exchange flows and follow-up wallet activity.

Bitcoin and Ethereum treasury activity was mixed in the latest market headlines. Strategy made no Bitcoin purchases over the past week, while Strive added 6,182 BTC, bringing its holdings to about 43,000 BTC. Strategy also repurchased $205 million of STRC shares and was reported to hold 848,500 BTC alongside $5.1 billion in assets. Bitmine added 10,452 ETH, taking its reported Ethereum holdings to 6.05 million. Its staking activity is estimated to generate about $318 million in annualised income. Tether, Kraken and Bybit also joined a foundation planning to distribute stablecoin-based humanitarian aid to as many as one million people. For traders, QCP Capital said Bitcoin had fallen below $80,000 and identified $78,000 as a key support level, with the Federal Reserve decision and major technology-company earnings among near-term catalysts. Market commentator Ansem warned of a possible Bitcoin and Ethereum pullback before a recovery. Separately, Bonk Guy said a FOMO portfolio had fallen 69%, from $28.5 million to $8.9 million, but remained optimistic about a rebound. The headlines point to contrasting signals: corporate accumulation continues, while price support and risk appetite remain in focus.

Bitcoin may have entered an accumulation phase after reclaiming its 50-week moving average, according to Alex Thorn. BTC spent 44 weeks below that level after losing it in November 2025, then closed above it in September 2026 and held for five weeks through October 18. Thorn says previous sustained reclaim attempts after long periods below the average followed market lows, while past cycle bottoms also occurred at a similar point after halvings. These patterns support—but do not prove—the view that Bitcoin has bottomed. Market positioning has cooled. Asset managers’ net long positions in CME Bitcoin futures fell 57% from the record-high period, while leveraged funds’ net shorts and the dollar value of open interest also declined. The annualised futures basis narrowed, reducing returns from ETF-futures arbitrage. Meanwhile, spot Bitcoin ETFs added about 87,000 BTC since June, which the analysis interprets as evidence of more directional buying. The article argues that rising US debt, deficits and interest costs, alongside substantial borrowing for AI infrastructure, could strengthen Bitcoin’s long-term appeal as a scarce asset. The bullish case rests on historical technical patterns, ETF demand and macroeconomic concerns; it remains an analyst’s interpretation, not confirmation of a durable market recovery.

Options trading has become a major retail market in the US and India, suggesting that crypto options could be a significant growth area for digital-asset exchanges. US annual options volume rose from 4.19 billion contracts in 2017 to 15.2 billion in 2025. Short-dated contracts have driven much of the growth: same-day expiry options now account for more than 60% of S&P 500 options volume. Robinhood’s options revenue also grew 88% between the second quarters of 2024 and 2026, reaching $342 million. India highlights the scale of retail demand. Its options premium turnover increased 45.8-fold from fiscal 2016 to fiscal 2026, while NSE index options accounted for about 89% of global trading in comparable contracts. South Korea offers a regulatory counterpoint: tighter contract, training and capital requirements sharply reduced domestic retail activity, but traders shifted toward overseas markets rather than abandoning derivatives. The argument is that options are likely to become a core crypto trading product as the market matures. For traders, wider access could bring more ways to hedge and speculate, but demand for short-dated, leveraged contracts may also increase volatility and liquidation risks. The examples suggest that restrictions can redirect activity rather than eliminate it.

AI stocks advanced at the U.S. market close, with Arm rising 6.19% and Synopsys gaining 5.62%. NXP Semiconductors climbed 4.64%, Micron added 2.98%, and Snowflake rose 2.93%. The Nasdaq gained 0.82%, the S&P 500 rose 0.7%, and the Dow added 0.28%, while the VIX volatility index fell 5.45%. The broad gains in AI stocks and lower volatility point to improved risk appetite, although the report gives no direct catalyst. The move may inform sentiment around technology and tokenised stock products, but it does not establish a direct signal for cryptocurrency prices.

Zcash (ZEC) has fallen more than 20% over the past month after briefly approaching $1,700 in September, prompting warnings that its rally may have peaked. CryptoPatel identifies $834 as a key support level; a break below it could expose ZEC to declines toward $480, $300, $200 or even $74. Some developments offer support. Grayscale’s ZEC ETF recorded $41.09 million in net inflows last week, ending three weeks of outflows. Zcash’s Network Upgrade 7 is scheduled for mainnet activation on 5 November 2026 and is expected to reduce target block times from 75 seconds to 25 seconds. Developers are also planning post-quantum signature features for January 2027. Gemini co-founder Cameron Winklevoss called ZEC an “AI hedge” and “quantum hedge” in crypto. He said its price could rise fivefold if Zcash’s market value reached 10% of Bitcoin’s. Despite these longer-term arguments, ZEC’s recent decline and critical support level keep near-term correction risk in focus.

Balancer says it has identified more than $500,000 in assets and unclaimed rewards left in the protocol by external users and institutions, including Ethena and Gauntlet. Some Balancer v3 liquidity assets are recorded internally in its Vault and may not appear in blockchain explorers or portfolio trackers. Other funds are unclaimed rewards from users who withdrew liquidity from Balancer v2. The protocol has contacted the owners, and some institutions have begun withdrawals. The discovery comes as Balancer prepares to wind down operations: under a community-approved plan, some pools will switch to withdrawal-only mode on October 30.

MARA Holdings may have sold 1,000 Bitcoin worth about $80.19 million, according to blockchain monitoring platform Lookonchain. The transaction was reportedly made around six hours before the report on 27 October 2026. The sale has not been independently confirmed, and the report does not specify where the Bitcoin was sent. Traders may watch for further on-chain movements or confirmation from MARA Holdings to assess whether the transaction signals a change in its Bitcoin holdings.

Anthropic has selected Goldman Sachs and Morgan Stanley to lead its preparations for a potential US initial public offering, according to the article. Wilson Sonsini will represent Anthropic, while Freshfields will advise the banks. The IPO preparations come as the Claude developer faces potential product-liability and consumer-protection challenges. The article reports that valuation estimates fell to about $1.5 trillion from roughly $2 trillion a week earlier, although it does not specify the source of those estimates. Anthropic has also paused training its next-generation model, citing security and intellectual-property concerns. For traders, the Anthropic IPO is mainly a development in the AI and technology markets, with no direct cryptocurrency announcement. Any crypto-market effect is likely to be indirect, through shifts in risk appetite or broader technology-sector sentiment. IPO timing, legal developments and valuation estimates remain key factors to watch.

Osmosis has ended the inflationary issuance of OSMO. After the latest epoch closed, no new OSMO was minted, ending a previous daily issuance of 91,300 tokens. Governance Proposal 1053 passed with 91.1% support. Going forward, OSMO staking rewards will come from protocol revenue rather than newly issued tokens. Osmosis also says each OSMO burned will reduce the token’s supply. The change removes a source of ongoing dilution, but future staking returns will depend on protocol revenue and token burns.

Donald Trump has urged Mississippi voters to oppose Democratic Senate candidate Scott Colom, backing Republican incumbent Cindy Hyde-Smith’s bid to retain her seat. The Mississippi Senate race is rated “likely Republican” by the Cook Political Report. Polymarket pricing cited in the article gives Republicans an 86.5% chance of winning, while Colom’s implied odds recently edged up from 12% to 13.5%. The appeal highlights national Republican efforts in the race, but the article provides no direct cryptocurrency policy development or market catalyst. Traders may view the prediction-market odds as an indicator of election sentiment, not a signal for crypto prices.

A Bank of Korea official expects South Korea’s chip output to rise into the first half of 2027, led by high-bandwidth memory (HBM) demand from AI data centres. The Bank of Korea expects demand to remain ahead of supply because HBM is complex to produce and new capacity takes time to come online. Chip prices are still expected to rise, but more slowly than during the strongest phase of the cycle. Samsung Electronics has contracted 80% of its planned 2027 memory output, including all of its HBM production. New capacity at SK hynix’s M15X facility and Samsung’s Pyeongtaek site is expected to ramp up gradually. The current semiconductor expansion, which began in early 2023, could continue through at least 2027, provided AI infrastructure spending remains strong. The Bank of Korea also estimates that bonuses of 60–70 trillion won at major memory makers could add 0.1–0.15 percentage points to private consumption growth. For investors, the key signals are the pace of AI data-centre investment, HBM pricing and the timing of new chip capacity. The forecast supports continued strength in South Korea’s semiconductor sector, but slower price increases may signal that the most rapid part of the chip cycle is easing.

Analyst Murphy says Bitcoin (BTC) may face less selling pressure below $80,000 than its holder distribution initially suggests. Glassnode research identifies long-term holder (LTH) supply, illiquid supply and network activity as major contributors to BTC volatility, together accounting for 42% of the factors reviewed. An entity-adjusted breakdown of BTC’s UTXO Realized Price Distribution (URPD) shows about 870,000 BTC held by LTHs around the current price area. Murphy notes that a similarly large cluster—about 850,000 BTC—was already present before 1 October 2025 and has changed little, despite a substantial market downturn. He argues this persistence suggests many of these holders may be relatively insensitive to further price declines. Murphy also says overhanging supply above $110,000 has largely disappeared, while holders whose BTC was acquired between $80,000 and $100,000 may be less inclined to sell after prices approached $87,000. LTHs still have profitable coins and do sell at times, but their net holdings tend to fall and realized profits rise more rapidly during bull-market advances than during declines. The analysis therefore views LTH supply as a less immediate source of downside pressure, while not ruling out further BTC selling.