Crypto News

Anthropic plans to let some investors and employees sell shares before the usual 180-day post-IPO lock-up expires, offering early liquidity as the AI company moves from private to public ownership. The article says Anthropic has filed to list on Nasdaq under the ticker ANT, with an expected market capitalisation of $1.5 trillion to $2 trillion, compared with its reported $965 billion private valuation. Early share sales could increase available supply and create selling pressure, though the staged approach may also signal confidence in investor demand. The IPO’s final pricing, institutional appetite and broader AI-stock performance will be key factors to watch. The article cites prediction-market odds, including a 26% probability of a $1.75 trillion to $2 trillion valuation at the IPO close.

Solana recorded $12.63 billion in weekly decentralised exchange (DEX) spot volume for the week ending 23 October 2026, ranking second behind Binance. It was the 14th consecutive week Solana’s DEX volume exceeded the reported activity of centralised exchanges Bybit, Coinbase and Kraken, according to SolanaFloor. Volume fell from $13.61 billion the previous week, a decline of about 7%. The sustained DEX activity points to continued use of Solana’s on-chain trading ecosystem, but the weekly drop is a sign for traders to monitor. Trading volume alone does not confirm a SOL price move; traders may also watch broader market conditions and whether Solana DEX volume stabilises or continues to fall.

Odaily reported that a tracked derivatives account associated with address 0xbf732ea04197942783e34730ed6e0f6099575d58 has recorded approximately $23.06 million in cumulative profit. The account closed a BTC long position and then opened another BTC long position. The report did not disclose the position size, entry price or leverage.

U.S. stocks extended their gains on October 26, with the S&P 500 up 1% and the Nasdaq Composite rising 1.3%. The Philadelphia Semiconductor Index climbed 3%, leading the advance among the reported indexes. The gains point to strength in the broader U.S. market and the technology sector. The S&P 500’s rise may support risk appetite, though the report provides no direct indicators of cryptocurrency market moves.

XRP branding has appeared on Manhattan subway trains and stations ahead of Ripple Swell 2026, scheduled for October 27–29. The campaign comes as Ripple and the XRP Ledger Foundation promote XRP.org and after a New York XRP Ledger hackathon on October 24–25. XRP was trading near $1.29 in the article, with $1.25 identified as key support. Resistance sits around $1.31, followed by $1.34. The conference could support sentiment if announcements on payments, institutional infrastructure or XRP Ledger applications attract demand. But marketing and ecosystem news do not automatically create buying pressure for XRP, and traders may sell if Swell announcements disappoint. Short-term momentum is described as weak, making price levels and trading volume important to watch.

Anthropic’s IPO filing shows the AI company spent $16.98 billion on operating expenses in the first half of 2026, against revenue of $16.29 billion. Computing and infrastructure remained the largest cost at $8.95 billion, or about $55 per $100 of revenue. Sales, marketing and partner expenses rose to $3.17 billion from $120 million a year earlier—a 26-fold increase. Nearly 90% of that rise came from channel-partner fees, rather than advertising, although the filing does not identify the partners or detail their rates. Revenue grew much faster than computing costs, helping Anthropic’s operating loss narrow to $693 million for the half-year. In the second quarter, revenue reached $11.56 billion and operating profit was $974 million, the first positive quarterly result among the six quarters shown. Adjusted operating profit was $2.24 billion, compared with $974 million under standard accounting, largely because of stock-based compensation adjustments. The filing also highlights risks ahead: large, long-term computing commitments to Google, Amazon, SpaceXAI and Broadcom, and potentially significant stock-compensation expenses when the listing takes effect. Anthropic cautions that new computing capacity could raise costs before it generates revenue, putting pressure on margins.

Anthropic’s IPO lock-up schedule could bring shares onto the market in stages, starting with employees on the first trading day. Eligible employees and non-founder directors and executives can sell 10% of their locked shares then, with further releases tied to financial results and a 180-day deadline. Some other shareholders begin selling from day 27. Founders and shareholders owning more than 0.5% of fully diluted shares may face restrictions lasting until the 365-day mark, although founders can transfer up to 29% of their holdings after 180 days. The prospectus sets out 23 release dates but does not disclose the number of shares in each tranche, so the precise scale of potential IPO selling pressure cannot yet be calculated. Employees’ vested RSUs add a likely source of future supply; Anthropic has also approved about 91 million additional RSUs, valued at $5.8 billion, and expects to register them after the IPO. A separate uncertainty is Anthropic’s Public Benefit Fund, which holds 846.8 million non-voting shares, equivalent to about 5% of fully diluted shares under the stated assumptions. The prospectus allows the fund to sell shares but does not clarify whether they are subject to lock-up restrictions or when sales might occur. The board may also grant the fund up to an additional 2% of shares at certain share-price milestones, which would dilute existing shareholders. The schedule may create recurring supply pressure, but actual market impact will depend on the IPO price, trading demand, and how many eligible holders sell. The fund’s plans and the timing of founders’ proposed charitable donations remain unclear.

US stock futures rose on Monday as Nvidia and other chipmakers rebounded after Friday’s losses. At 9:05 a.m. ET, Dow futures were up 0.4%, S&P 500 futures gained 0.34%, and Nasdaq 100 futures rose 0.6%. Nvidia, AMD and Intel each advanced more than 1% in premarket trading. Nvidia traded near $213.40 after closing Friday at $210.96. The rebound came amid continuing concerns about the cost of financing AI infrastructure. Semiconductor stocks had lost about $2 trillion in market value over eight trading sessions. AI infrastructure providers CoreWeave and Nebius remained under pressure, each down more than 30% this month, as investors questioned whether future customer revenue can support their borrowing and investment costs. Unlike Nvidia, which sells processors, infrastructure operators must finance facilities and equipment upfront. Investors are also watching the Federal Reserve’s October 27–28 meeting, with an interest-rate decision due Wednesday. Markets largely expect rates to remain at 3.75%–4.00%, while inflation and energy prices keep the outlook uncertain. Alphabet and Microsoft report Wednesday, followed by Amazon on Thursday. Their results may help show whether AI spending is generating sustainable revenue and profits.

Meta plans to raise up to $95 billion to fund its artificial intelligence infrastructure expansion, despite reporting $64.6 billion in third-quarter 2026 revenue and holding more than $82 billion in cash and marketable securities. The company expects capital expenditure of $135 billion to $145 billion this year, as it invests in Nvidia processors and data centres. Meta’s investment spending has already outpaced its operating cash flow. In the third quarter, it generated $32.79 billion in operating cash flow and spent $34.91 billion on capital expenditure, including finance-lease principal payments, resulting in negative free cash flow of $2.12 billion. The financing plan includes about $35 billion in near-term offerings—$22.5 billion in common shares and $12.5 billion in mandatory convertible preferred securities—and a proposed $60 billion share-sale programme using nonvoting Class C shares. The latter could begin in early 2027, but its launch and terms are not certain. Equity financing avoids the fixed repayment obligations of debt, but may dilute existing shareholders’ economic ownership. The nonvoting shares are intended to raise capital while limiting the effect on existing voting control.

Hedge funds suffered their worst weekly performance since 2024 as worries over AI spending and financing weighed on technology stocks. Goldman Sachs said its prime brokerage unit recorded about $20 billion in technology-stock selling over two weeks, alongside the biggest cut in gross single-stock exposure since late July. Systematic long-short hedge funds fell 2% last week, their steepest weekly loss since 2024, while fundamental long-short funds declined 1.1%. The Nasdaq 100 dropped 5.5%, its sharpest weekly fall since April 2025. Meta shares lost about 10% despite strong earnings after the company signalled it would need more capital for AI infrastructure. The pullback reflects investor concerns about high valuations, borrowing costs and whether large AI infrastructure investments will generate sufficient returns. Hedge funds remained up for the year, but rapid position reductions by systematic strategies could add to volatility if technology stocks continue to fall. The tech selloff may also influence broader risk sentiment, including crypto markets.

Kraken was named Fintech Company of the Year – Established at the National Fintech Awards 2026 in Dublin on October 15. The awards, organised by the Business Post with GRID Finance, recognise innovation, measurable progress and influence across Ireland’s fintech sector. The award highlights Kraken’s growing role in Ireland, where its entities are regulated by the Central Bank of Ireland and support services for clients across the European Economic Area. Kraken says Ireland is central to its European operations and expansion of regulated crypto services. The company also pointed to recent product developments, including making Unified Wallet available to EEA clients on Kraken Pro and offering US-listed stocks to European customers. Payward, Kraken’s parent company, has separately signed an agreement to acquire EU-licensed Saldo Bank as part of its plans to expand its European banking infrastructure. The recognition adds to Kraken’s profile in Ireland’s fintech industry, but the announcement does not indicate a change to crypto asset prices or trading conditions. Kraken’s award and expansion plans primarily signal continued investment in regulated European services.

Google Gemini outlined an intentionally extreme, hypothetical scenario in which Hyperliquid becomes a major liquidity and matching engine for regulated on-chain prediction markets. If that adoption coincided with a broad crypto bull market, HYPE could theoretically reach $500–$900, with a stretch target above $1,400 by 1 January 2027. The article stresses these figures are speculation, not a base-case forecast, and says the required coordination among platforms, regulators and Hyperliquid is highly unlikely. HYPE was reported to be consolidating around $75–$78 after retreating from an all-time high near $98. Support is identified at $74–$75 and $68–$70, with resistance around $80–$85; a sustained move above $100–$120 would signal stronger bullish momentum. The proposed upside depends on prediction-market adoption, favorable macro conditions and renewed appetite for crypto risk.

A critical PHP vulnerability could leave websites exposed for weeks, Immunefi CEO Mitchell Amador warned, especially where smaller operators are slow to install emergency patches. The PHP Foundation acknowledged that a fix for a flaw first identified in 2024 was delayed because of limited resources. Developers have since released emergency patches for two critical PHP vulnerabilities, but website operators must upgrade their systems themselves. Cloudflare CEO Matthew Prince said the network recorded millions of PHP vulnerability exploit attempts within 24 hours of public disclosure, as well as thousands beforehand. The FBI warned that attackers could remotely execute code and potentially compromise sensitive data and networks. PHP is used by about 69% of websites with a known server-side language, according to W3Techs. Amador urged users to avoid reusing passwords, be cautious when connecting crypto wallets to websites and revoke unfamiliar token approvals. He framed the issue as part of an AI-driven “vulnerability apocalypse”: finding software flaws is becoming cheaper, while fixing them remains difficult.

Ethereum (ETH) has fallen about 13% this month, putting it on track for one of its rare negative Octobers. ETH was trading near $2,330, down 4.3% over the past week, and has closed another weekly candle below $2,400. Analysts warn that ETH could fall further. Alaoui Capital identified $1,850–$1,920 as a potential support zone if the price breaks below the psychological $2,000 level. Analyst Ted said failure to reclaim $2,350 soon could open a move towards $2,200. Other market commentators offered a more optimistic view, suggesting ETH could rebound above $3,000 or eventually reach $3,600. Demand from institutional investors is also weakening. Spot Ethereum ETFs recorded about $220 million in net outflows last week, adding pressure as issuers sell assets to meet redemptions. BitMEX co-founder Arthur Hayes also sold more than $15 million in ETH and reduced positions in ENA and UNI, despite having previously forecast that Ethereum could reach $10,000 by the end of 2026. The combination of price weakness and ETF outflows raises near-term downside risks for Ethereum, although analysts disagree on whether the current decline will continue or lead to a reversal.

Sui’s version 1.84.0 update bumps the pinned fastcrypto dependency from commit da61cd4 to 576f00e. The single-commit change adds G1_SIZE and G2_SIZE constants for BN254 elements and uses G1_SIZE when splitting vk_gamma_abc during PreparedVerifyingKey deserialization. The change does not alter behavior; a related Sui change, #28230, also uses G1_SIZE.

A group of 109 Israeli economists and business leaders has urged Prime Minister Benjamin Netanyahu not to pursue a crypto sanctions-evasion plan. Signatories include former Bank of Israel governor Jacob Frenkel and 2025 Nobel economics laureate Joel Mokyr. They called cryptocurrency a “perplexing solution” used by criminal groups and said it would not solve the problem of sanctions. Netanyahu said on Friday that Israel should prepare a “bypass economy” in case its banks face sanctions. Asked whether he meant using cryptocurrency, he replied, “Absolutely.” The Bank of Israel has rejected the proposal. The debate comes ahead of Israel’s election, scheduled for the following day. While crypto sanctions evasion has previously been associated mainly with Russia and Iran, the proposal would be notable because Israel is a close US ally.

Google and Amazon Web Services are making it easier for developers to run PyTorch workloads on their own AI chips, targeting Nvidia’s software advantage. Google has open-sourced TorchTPU for its Tensor Processing Units, while AWS has launched the public beta of TorchNeuron for Trainium accelerators. Both tools aim to reduce the code changes and engineering work needed to move AI workloads from Nvidia GPUs to alternative hardware. The moves highlight how software compatibility is becoming a key part of the AI chip competition. Nvidia retains a strong lead through its GPUs and CUDA ecosystem, but Google and AWS hope familiar PyTorch tools will make their chips more attractive on cost, availability and workload-specific performance. Easier migration could also give cloud customers more flexibility and increase competition in AI training and inference.

The Fed rate decision on October 28 is widely expected to leave the federal funds target range unchanged at 3.75%–4.00%. In a Reuters poll, 94 of 100 economists forecast a hold, while all 100 expected a rate increase at the December meeting. Persistent inflation and resilient economic activity have shifted debate away from rate cuts, though the Fed’s guidance will determine whether markets see further tightening as likely. The Fed rate decision comes before key US data due October 29: the Q3 GDP advance estimate and September personal income and outlays, including PCE inflation. Economists expect headline PCE inflation to rise to 3.6% from 3.4% in August, although the figures were not yet available at the time of the meeting. Strong data could reinforce expectations for higher rates; weaker readings might ease them. For markets, a hawkish hold could lift Treasury yields and support the US dollar, while potentially pressuring stocks and gold. The actual reaction will depend on how the Fed’s message compares with expectations. The October decision may therefore offer limited certainty, with incoming inflation and growth data shaping the outlook for December.

Ethereum faced renewed selling pressure as about $44 million in ETH futures positions were liquidated over a 24-hour period. Long positions accounted for roughly $32.6 million, or 74% of the total, while short liquidations reached $11.4 million. ETH traded near $2,320 after Bitcoin briefly fell below $80,000 ahead of the Federal Reserve’s October 27–28 policy meeting. Ethereum futures open interest remained close to $30 billion, leaving significant leveraged exposure in the market. If ETH falls below its recent low near $2,285, the $2,250–$2,200 range could come into focus; a break below $2,200 may raise the risk of a move toward $2,000. A recovery above $2,350 and then $2,400 would improve the short-term outlook, with $2,500–$2,600 cited as a resistance zone. Pressure also came from inconsistent demand for U.S. spot Ethereum ETFs, which recorded about $220.7 million in net outflows across the five sessions ending October 23. Separately, developers postponed the Glamsterdam upgrade’s planned Hoodi testnet activation after identifying concerns with proposed gas-accounting changes. The delay adds uncertainty to the development schedule but was not established as a direct cause of ETH’s price decline.

JPMorgan estimates Brent crude’s fundamental value at about $94 a barrel, roughly $21 below its market price of around $115 on October 26. The gap reflects a geopolitical premium tied to the Iran conflict, including risks to energy infrastructure and shipping routes. Brent had reached $116.72 on October 23. Higher freight and insurance costs also raise the price paid by importers. Oil delivered to Asia averaged about $131 a barrel in October, compared with roughly $93 before shipping. JPMorgan says $94 is a model-based estimate, not a near-term price target. Easing tensions could put pressure on Brent, while further attacks or shipping restrictions may keep prices elevated. Persistently high oil prices could also add to inflation concerns.

Polygon Open Money Stack (OMS) has introduced agent spend controls, allowing businesses to give AI agents limited authority to make payments from an existing wallet. Teams can set a budget, approve specific payment actions and contracts, and define an expiry. They can also revoke the permission at any time. The rules are recorded in the wallet’s onchain Sessions Module. The wallet checks each payment request against the approved scope and rejects requests that exceed the budget, fall outside permitted actions, or arrive after expiry. Agents cannot expand their own permissions. Polygon says the controls complement payment protocols such as x402 and the Machine Payments Protocol: those can structure payment requests, while OMS determines whether an agent is authorized to pay. The feature is aimed at use cases such as purchasing compute or data, topping up accounts, and settling approved business payments. The announcement does not provide adoption figures or indicate a direct change to POL token economics.

Bitcoin and HYPE are testing key support levels, but neither has confirmed a trend reversal. Bitcoin fell to $79,775, below its previous weekly low of $80,400, after retreating from a September 21 peak of $87,399. It has since approached the $78,000–$79,000 support zone within a descending channel. The correction has lasted 34 trading days, and a seven-part structure on the four-hour chart, alongside possible momentum and volume divergence, suggests selling pressure may be easing. If support holds, a rebound could encounter resistance at $82,500–$84,500. A confirmed break lower could put $74,500–$76,000 in focus, followed by $69,100–$70,500. HYPE fell from $97.98 and reached $76.07, within the earlier $75–$77 support range. It briefly slipped below $75 before recovering. Weekly volume divergence and a four-hour bullish divergence may support a rebound, but confirmation is needed. Holding above $75 could open a move towards $80–$82; a sustained break below could expose $68–$70. For both Bitcoin and HYPE, these are technical scenarios rather than confirmed outcomes. Traders may wish to wait for price confirmation, manage position sizes and use stop-losses.

A Biteye guide explains how developers can use Codex to build tools for Binance Agentic Wallets, aimed at speeding up BNB Chain trading and discovering on-chain opportunities. The proposed tools include a four.meme token trading terminal with manual trade confirmation, an Agent Mint radar for tracking NFT mints and token claims linked to Binance Agent IDs, and dashboards for NFT prices, holdings and wallet performance. Community-built tools also cover multi-platform trading and Agent ID name searches. The article notes that 95,000 Ptah Relics were minted in about half a day on 23 October, driving interest in similar opportunities. It warns users to review third-party code, test with small amounts, set trading limits and never share private keys or seed phrases with AI. These tools may improve access and execution, but do not guarantee profits and carry security and trading risks.

Bitcoin treasury preferreds are the focus of an interview examining how Strategy (MSTR), Strive (ASST) and Metaplanet are seeking capital to fund Bitcoin holdings. Analyst Allard Peng says Metaplanet struggled to issue preferred shares in Japan and took over a US company to gain access to the US capital market, where it can compete with Strategy and Strive for investors. He cites STRC, a preferred stock that was among 2025’s largest IPOs, as evidence of investor demand for this type of financing. The discussion also covers why Bitcoin treasury preferreds fell in June as leveraged trading strategies unwound, what could restore demand for shares trading below par, and how issuing preferred shares above par can increase net Bitcoin per common share. Peng says the terms for how Metaplanet supports its US subsidiary still need clarification and discusses why the transaction could benefit common shareholders. The programme notes that Bitcoin ETFs attracted $1 billion over three sessions while BTC remained below $85,000. It also compares Strive’s fixed 15% junior preferred with variable-rate SATA. The material is an interview and outlook, not a confirmed announcement of future issuance or investment advice.

Real estate investor and author Leon Wankum argued on the Bitcoin Magazine Podcast that Bitcoin could eventually outgrow the global real estate market, which he estimates is worth $300 trillion to $500 trillion. He said much of property’s value—estimated at 80% to 90%—comes from its monetary premium rather than its practical use, and believes that value could shift to Bitcoin. Wankum outlined a $1,000 trillion base-case valuation for Bitcoin and said its price could reach $1 million by the late 2030s. He contrasted Bitcoin’s purported long-term growth with real estate’s slower returns, arguing that some investors may be better off renting and buying Bitcoin. These figures and investment views are Wankum’s forecasts, not established outcomes. The discussion did not announce a new market development or provide independent evidence for the projections.

Anthropic reports $10.8 billion in remaining performance obligations, or contracted revenue not yet delivered. The company expects 75% of this backlog to be recognized as revenue within 12 months. The figure indicates substantial contracted demand, but it is not revenue already earned. A separate $265 million financing commitment remains unconfirmed. The uncertainty is drawing attention because Anthropic has made large infrastructure commitments, many of them non-cancelable, and is reportedly considering an IPO. Traders and potential investors will be watching for confirmation of the funding and evidence that Anthropic converts its backlog into revenue on schedule.

Anthropic completed a 1-for-1,000 reverse stock split of its Class T shares, including both issued and authorized shares. The class is held by the company’s Long-Term Benefit Trust, which has significant influence over board appointments. The split reduces the share count but does not change ownership percentages or the trust’s relative influence. The move comes as Anthropic reportedly prepares for a November 2026 IPO. The company reported third-quarter revenue of $16.8 billion, up 45% from the previous quarter, while draft IPO materials reportedly show $80.7 billion in non-cash losses in the first half of 2026. Anthropic was valued at about $968 billion in October. The reverse split is a structural change, not a change to the company’s underlying financial performance; investors are likely to focus on its governance model and final IPO disclosures.

Meta Platforms reported 26% year-on-year revenue growth and issued strong fourth-quarter guidance, supported by AI-related improvements in its advertising business and pricing power. However, the analyst downgraded Meta from Strong Buy to Buy, citing rising capital expenditure and concerns that the company may increasingly rely on external funding rather than free cash flow. Slowing advertising-impression growth, possible share issuance under a new Class C structure and uncertainty around 2027 CapEx guidance add risk. The downgrade signals a more cautious outlook on Meta’s investment demands, despite its strong operating performance.

According to data from MSX.COM, Brazil’s small-cap index plunged 30%, marking its largest-ever decline. The report provides no explanation for the drop or details on the index’s constituents. The sharp fall signals significant stress in Brazil’s equity market, but its direct implications for crypto trading are unclear.