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Monday, 10/26/2026

Strategy Holds 848,517 BTC with $4.058B Unrealized Gain; Bitmine's ETH Position Down $6.118B

Odaily News: According to Ember's statistics, Strategy did not purchase any Bitcoin last week. It currently holds a total of 848,517 BTC, worth approximately $68.075 billion, with an average cost of $75,446, representing an unrealized gain of about $4.058 billion, or 6.3%. Bitmine bought 10,452 ETH last week for approximately $25.41 million; it now holds a cumulative total of 6.0519 million ETH, worth approximately $14.04 billion, with an average cost of $3,331, representing a loss of about $6.118 billion, or 30.3%. It is still about 55,000 ETH short of its 5% ETH holding target.

Anthropic IPO valuation still undisclosed, fundraising could reach $100 billion

Odaily News: Two key details about Anthropic remain undisclosed: the valuation the company is seeking for its listing and the number of shares it plans to issue. These details may not be announced for about two more weeks, when Anthropic is expected to file an updated listing document after gathering investor feedback. According to people familiar with the matter, Anthropic plans to list in the week of Nov. 16, though the exact timing may still change. The sources said the IPO could raise $100 billion or more, with the company's valuation potentially reaching $1.5 trillion to $2 trillion.

IOSG Ventures announced investment in Fun

According to official news, IOSG Ventures announced an investment in Fun, betting on a global funding infrastructure aimed at the internet market. Fun provides fiat trading, payment routing, and cross-chain fund settlement services for prediction markets, on-chain perpetual contract platforms, and DeFi applications, helping users transfer funds between different fiat currencies, digital assets, and blockchain networks.According to IOSG, all fiat trading for Polymarket is processed through Fun, and platforms like Lighter and Aave are also using its services. Fun currently processes an annualized funding volume of $100 billion, covering over 150 countries and regions and more than 50 payment methods.IOSG believes that as prediction markets, on-chain trading platforms, and tokenized asset applications expand, the smooth entry and exit of funds will directly affect user conversion rates and platform growth. Fun aims to reduce the complexity of platforms integrating fiat channels, wallets, stablecoins, and multiple blockchains through a unified funding access layer. The company was founded by Alex Fine in 2022.

BNB Treasury Firm BNB Standard Rings Nasdaq Opening Bell to Mark Rebrand and New CEO

Odaily News: According to the Nasdaq official website, BNB treasury company BNB Standard Corporation (Nasdaq: BNC) held an opening bell ceremony at the Nasdaq MarketSite from 9:15 to 9:45 a.m. ET, with Chief Executive Officer Alex Odagiu ringing the opening bell.

The event celebrates the company's rebranding and the appointment of its new CEO. BNB Standard, formerly known as CEA Industries, officially changed its name on Sept. 29 and now focuses on managing a BNB corporate treasury.

Anthropic: 79% of revenue comes from clients outside the top five

Artificial intelligence company Anthropic disclosed that 79% of the company's revenue comes from customers outside the top five clients, and no single client contributes more than 10% of total revenue. The company also acknowledged that it had significantly underestimated the demand for computing power in the past.In terms of financing, according to an agreement reached in April this year, Amazon will provide up to $20 billion in financing. Google has purchased 38.6 million shares of Class G-2 non-voting redeemable stock. Anthropic also stated that it has not yet reached any agreements on any significant acquisitions.

Data: In the past 24 hours, the total liquidation across the network was 159 million USD, with long positions liquidated at 111 million USD and short positions liquidated at 47.8962 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was 159 million dollars, with long positions liquidated at 111 million dollars and short positions liquidated at 47.8962 million dollars. Among them, Bitcoin long positions were liquidated at 26.2323 million dollars, Bitcoin short positions at 11.5416 million dollars, Ethereum long positions at 28.9202 million dollars, and Ethereum short positions at 12.2524 million dollars.

Court Approves Poolin-Linked Debtor's Texas Mining Farm Sale for Up to $180 Million

Odaily News: According to a disclosure by Yingke Law Firm, the sale of a Texas mining farm owned by a Poolin-linked debtor has been approved by the U.S. Bankruptcy Court for the District of New Jersey, with a transaction consideration of up to approximately $180 million, of which $100 million is the closing payment and up to $80 million is tied to subsequent milestones. The general claims bar date is proposed as 4:00 p.m. Eastern Time on Dec. 31, 2026, which is 5:00 a.m. Beijing Time on Jan. 1, 2027; the court is scheduled to hold a hearing on Nov. 10. Claims that are required by law to file a proof of claim may have their claim confirmation, plan voting, and subsequent distributions affected if not filed by the final bar date set by the court. Yingke lawyer Wang Yufeng said the Poolin case involves a large number of Chinese users, with claims including platform balances, IOUs, and mining pool earnings, and that submitting materials does not equate to completing a valid filing.

Robinhood Prediction Market Revenue Projected to Hit $1.7B by 2028, Surpassing Crypto Business

Odaily News: Digital trading platform Robinhood Markets' prediction market revenue is projected to reach $1.7 billion by 2028, exceeding the estimated $1.6 billion in crypto business revenue for the same period. Bernstein analysts expect prediction market revenue to grow from approximately $650 million this year to $1.7 billion in 2028, accounting for about 18% of the company's projected total revenue of $9.4 billion that year.

Bernstein raised its revenue forecasts for Robinhood in 2026, 2027, and 2028 by 3%, 4%, and 3%, respectively, while maintaining its $160 price target. Analysts expect third-quarter revenue to grow 13% quarter-over-quarter to approximately $1.5 billion, driven by growth in equity notional trading volume, options trading volume, and event contract trading volume, as well as a recovery in crypto trading volume. (Cointelegraph)

Bernstein: Predicts that the market will contribute $1.7 billion in revenue to Robinhood in 2028, surpassing the cryptocurrency business

Bernstein analysts expect that the prediction market will become a new profit growth point for the trading platform Robinhood Markets (HOOD), potentially bringing in about $1.7 billion in revenue by 2028, surpassing the estimated $1.6 billion from its cryptocurrency business during the same period. Analysts predict that Robinhood's prediction market revenue will grow from about $650 million this year to $1.7 billion by 2028, accounting for approximately 18% of its total revenue of $9.4 billion in 2028.This forecast was released the day before Robinhood's third-quarter financial report for 2026. Bernstein expects Robinhood's third-quarter revenue to increase by 13% quarter-over-quarter to about $1.5 billion, primarily driven by growth in nominal stock trading volume, options trading volume, event contract trading volume, and a rebound in cryptocurrency trading volume. Bernstein raised its revenue expectations for Robinhood by 3% for 2026, 4% for 2027, and 3% for 2028, while maintaining a target price of $160, citing increased assumptions for stock and cryptocurrency revenue.Robinhood is listed on NASDAQ, and its stock price fell to $93.6 in pre-market trading on Monday, having dropped over 29% in the past 12 months.

Poolin's affiliated debtor's asset sale of the Texas mining site has been approved, with a transaction price of up to 180 million USD

According to disclosures from Yingke Law Firm, the sale of the Texas mining assets related to Poolin's debtors has been approved by the Bankruptcy Court of New Jersey, USA. The transaction price is up to approximately 180 million USD, of which 100 million USD is for the delivery payment, and an additional up to 80 million USD is linked to subsequent milestones.The general deadline for creditor claims is set for December 31, 2026, at 4 PM Eastern Time, which is 5 AM Beijing Time on January 1, 2027; the court plans to hold a hearing on November 10. Creditors who are legally required to submit proof of claims may affect the confirmation of claims, plan voting, and subsequent distributions if they do not file by the final deadline set by the court. Yingke lawyer Wang Yufeng stated that the Poolin case involves a large number of Chinese users, and the claims include platform balances, IOUs, and mining pool earnings, and submitting materials does not equate to completing an effective claim.

Trump Family-Linked Crypto Firms Hire Lawyers, Lobbyists to Prepare for Potential Congressional Investigations

Odaily News: Cryptocurrency, venture capital, and prediction market firms tied to Trump and his family are hiring lawyers and lobbyists to prepare for potential congressional investigations. Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital, focusing on whether the companies received government contracts or favorable policy treatment and whether conflicts of interest exist. Even if Democrats win a congressional majority in the midterm elections, investigations could face obstacles, including difficulty compelling foreign individuals to provide testimony or documents, and uncertainty over whether federal agencies such as the Department of Justice will take further action. The companies and the Trump family say their business activities comply with the law.

Bloomberg: The Trump family's associated cryptocurrency business is intensifying its hiring of lawyers

According to Bloomberg, cryptocurrency, venture capital, and prediction market companies associated with Trump and his family are ramping up efforts to hire lawyers and lobbyists in preparation for a potential congressional investigation.Democratic lawmakers have requested information from World Liberty Financial and 1789 Capital, focusing on whether the related companies have received government contracts, policy favors, and whether there are any conflicts of interest.Bloomberg reports that even if Democrats gain a majority in Congress in the midterm elections, the investigation may face obstacles, including difficulties in compelling foreign individuals to provide testimony or documents, as well as whether federal agencies like the Department of Justice will take further action. The related companies and the Trump family insist that their business activities comply with legal regulations.

Anthropic Expects No Dividends in Foreseeable Future, Warns Revenue Growth May Not Be Sustainable

Odaily News: In its IPO filing, Anthropic stated that its revenue growth may not be sustainable and that it does not expect to pay any dividends for the foreseeable future.

Additionally, under the SpaceXAI-related arrangement, Anthropic agreed to spend up to $120.5 billion in aggregate through 2029. The company also noted that, without appropriate regulation, advanced AI systems could pose catastrophic or even existential risks to humanity.

Anthropic also disclosed that its co-founders have each pledged 80% of their personal equity in the company to charitable causes.

Hyperliquid Strategies Expands Stock Buyback Program to $100 Million

Odaily News: According to a U.S. SEC filing, the board of directors of HYPE treasury company Hyperliquid Strategies (Nasdaq: PURR) approved expanding its stock repurchase program from $30 million to up to $100 million, leaving approximately $72 million in remaining available repurchase capacity after the increase.

At the same time, the program's termination date was extended from Dec. 5, 2026, to Oct. 31, 2027. The company may conduct repurchases through open-market or privately negotiated transactions, with the timing and amount to be determined by management.