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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
Anthropic had approximately 5,300 employees as of September 30
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.
Catcher Predict: "Bitcoin broke through" "80,000" with a win rate plummeting by 29.5% on October 26
Anthropic: 79% of revenue comes from clients outside the top five
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
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)
Verizon CEO: SpaceX network leasing deal is unbeneficial
Bernstein: Predicts that the market will contribute $1.7 billion in revenue to Robinhood in 2028, surpassing the cryptocurrency business
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
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.
Anthropic Targets IPO in Week of Nov. 16
Odaily News: Anthropic is targeting an IPO in the week of Nov. 16. (The Wall Street Journal)
Bloomberg: The Trump family's associated cryptocurrency business is intensifying its hiring of lawyers
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.
Anthropic May Seek Additional Funding Sooner Than Expected, Delayed New Model Pretraining to Strengthen Security
Odaily News: Anthropic said the company may need to seek additional funding sooner than currently expected.
In addition, Anthropic disclosed that it recently delayed the pretraining of a new generation of frontier foundation models by more than a month to strengthen security measures and prevent the leakage of model weights.