Cointime

Cointime

Download App
iOS & Android
Home / Point

Anthropic Plans IPO Valuation of Up to $1.5 Trillion, Asian Investors Shift to Crypto Derivatives

On October 28, Bloomberg reported that AI company Anthropic plans to go public with a valuation that could reach $1.5 trillion, and intends to invest approximately $800 billion in building computing infrastructure, benefiting companies like TSMC, SK Hynix, and Samsung Electronics. Due to strong subscription demand and related restrictions, it is challenging for Asian investors to participate directly, leading them to invest indirectly through crypto derivatives. OKX and Binance have launched perpetual contracts linked to Anthropic's valuation, while contracts on Hyperliquid's EntropyIO platform implied a valuation of about $1.88 trillion at one point. The report also noted that Anthropic's path to profitability remains uncertain, with high AI investment costs and intense industry competition, meaning such proxy investments could also be affected by factors from other industries.

Comments

All Comments

Recommended for you

  • Thailand's Supreme Court Rules Bitcoin as 'Property' under Criminal Law

    On October 28, Thailand's Supreme Court ruled in case No. 4929/2569 that Bitcoin constitutes 'property' in criminal cases. The case was brought by the Koh Samui Public Prosecutor against a defendant whose victim exchanged $50,000 (approximately 1.878 million Thai Baht) for Bitcoin and transferred it to a criminal gang. The court determined that the elements of property crime were established. The ruling stated that Bitcoin has value according to market conditions, can be exchanged for cash when there are buyers, and can be held by ordinary people, thus it is not an object of no value or intangible. Its value does not disappear simply because it is exchanged for Bitcoin instead of cash. The ruling also pointed out that the Bank of Thailand's position on cryptocurrencies not being legal tender is a separate issue from whether they constitute 'property'. The judgment referenced Article 137 of the Civil and Commercial Code and Sections 309(2), 340(1), and 340(3) of the Criminal Code.

  • Sun Yuchen-Linked Address Transfers $48.76 Million in PEPE in 17 Days, Realizing a Profit of Approximately $9.62 Million

    On October 28, according to on-chain analyst Ai Yi (@ai_9684xtpa), PEPE has surged over 14% in the last 24 hours, with its price returning above $0.000005. A wallet marked by Arkham as associated with Sun Yuchen has transferred a total of $48.76 million in PEPE since October 17, with a cost basis of approximately $0.000004115, currently realizing a profit of about $9.62 million. This batch of PEPE accounts for approximately 2.86% of the total supply, making this address the largest individual holder on-chain.

  • BTC Falls Below $81,000

    Market data shows that BTC has fallen below $81,000, currently priced at $80,990.32, with a 24-hour increase of 1.23%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Completion of 800 Billion Yuan New Policy Financial Instruments

    According to information from the China Development Bank, Export-Import Bank, and Agricultural Development Bank, as of October 28, the new policy financial instruments for 2026 have all been issued, totaling 800 billion yuan. Among these, the China Development Bank issued 365 billion yuan, the Export-Import Bank issued 120 billion yuan, and the Agricultural Development Bank issued 315 billion yuan. (Xinhua News Agency)

  • Iran: Qatar Has Not Proposed New Plan to End Hostilities with the U.S.

    On October 28, according to Reuters: A senior Iranian official stated that Qatar has not proposed a new plan to end hostilities with the U.S. Several ideas put forward by Qatar are unacceptable to Iran. Iran's uncompromising policy on nuclear issues remains unchanged.

  • DBS Survey: 88% of Large Enterprises Have Used or Piloted Tokenized Currency

    On October 28, CoinDesk reported that DBS Bank commissioned EY to conduct a survey of 422 financial executives from large enterprises across 11 markets, each with annual revenues exceeding $500 million. The results showed that 88% of respondents have either used or piloted tokenized currency, with 24% having deployed it at scale, 43% having limited rollouts in certain markets, and 21% in pilot or proof-of-concept stages. Among the tools being used or planned for adoption, stablecoins accounted for 63%, tokenized deposits for 53%, and tokenized money market funds for 52%. Additionally, 71% of respondents indicated that real-time cross-border payments have improved or are expected to improve within two years. However, regulatory uncertainty, security risks, and challenges in system integration remain significant barriers, with approximately 64% of respondents hoping that banks will serve as a unified entry point into the tokenized currency ecosystem.

  • Short-Selling Address 0xb15b Liquidated 13 Times in Nine Days, Incurring Losses of Approximately $1.14 Million

    On October 28, data from on-chain analysis platform Lookonchain revealed that a trader created a new wallet, 0xb15b, nine days ago, depositing 1.25 million USDC and shorting ETH. Over the following nine days, this address was liquidated 13 times, with a total of 18,080 ETH liquidated, amounting to approximately $43.9 million, resulting in an actual loss of about $1.14 million.

  • AI Competition: Cash Flow Leaders Gain Advantage as Microsoft and Google Face Earnings Test

    On October 28, the stock price trends of Microsoft and Google have diverged significantly since their last earnings report. As the pressure of massive spending on artificial intelligence increasingly impacts corporate profits, Wall Street is scrutinizing the returns on AI investments from both companies. As major players in the AI field, both tech giants are set to announce their earnings after the market closes on Wednesday. Recent stock performance indicates that investors currently seem to favor Microsoft. The market anticipates that Google's free cash flow will be negative in both 2026 and 2027, while Microsoft's free cash flow is expected to decline in the current fiscal year ending next June, before recovering growth.

  • Netanyahu's Camp Secures 54 Seats After 70.7% of Votes Counted

    According to Israel's Channel 12, after 70.7% of the votes have been counted, Netanyahu's camp has secured 54 seats, the Eisenkot camp has obtained 47 seats, and the Arab parties have garnered 19 seats.

  • U.S. Optical Communication Stocks Rise Pre-Market, Mavenir, Corning, and Lumentum Up Over 2%

    On October 28, U.S. optical communication stocks saw a collective rise in pre-market trading. Among them, AXT Inc, MaxLinear, Credo Technology, Coherent, Applied Optoelectronics, Viavi Solutions, Ciena, Mavenir Technologies, Astera Labs, Corning, and Lumentum all increased by over 2%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company