Anthropic files for a blockbuster IPO

Anthropic files for its IPO. Plus: the NBA joins prediction markets while the NFL balks, and over half of all bitcoin has no known owner. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monday, October 26, 2026 AI giant Anthropic files for blockbuster IPO Anthropic filed for an IPO on Monday morning, aiming to take the maker of Claude public in November. Its prospectus shows $16.3 billion in first-half 2026 revenue and an $80.7 billion net loss, with $112.4 billion in cash and equivalents plus $19.3 billion in short-term investments as of June 30. The company says infrastructure spending will rise significantly, and that more than 1,900 customers had generated at least $1 million in trailing annual revenue by Sept. 30. Share count and price range aren’t disclosed yet; the Financial Times reports investors expect a valuation of $1.5–1.75 trillion, and chip stocks rose in premarket trading after the filing. Read more → Policy NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks The NBA has signed a data-sharing agreement with the CFTC and named Kalshi and Polymarket its preferred prediction market exchanges, following MLB and the NHL. Kalshi says the deal bars league and team personnel from trading NBA event contracts and commits both sides to share integrity data and report suspicious trading. The NFL, meanwhile, has sided with the states in a Supreme Court filing, arguing the CFTC’s oversight has been lax and understaffed. Courts are split too: two of three major federal rulings so far have favored the states. 2-minute read → Markets Over 11 million bitcoin has no known owner. Here’s what it means About 11.1 million bitcoin — roughly 55% of the supply — sits in addresses that Galaxy Research can’t tie to any exchange, fund, government or other known holder. Galaxy’s Alex Thorn reads it as a sign that self-custody is still widespread despite the rise of ETFs and institutional custodians. There’s a caveat: the unattributed pile likely includes lost coins, early-era coins and holdings by institutions Galaxy hasn’t identified, including OTC desks and multi-address custody setups. The other 45% includes exchanges, BlackRock-led ETFs, the U.S. government and the Satoshi-era miner pattern, at about 1.12 million BTC. 3-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.

Someone just put $68M on bitcoin hitting $90K after the midterms

Bitcoin is holding near $80,000, but one trader just put $68 million on a post-midterm breakout to $90,000. Plus: Anthropic files for its IPO, and the Fed decides on Wednesday. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ SPONSORED BY Monday, October 26, 2026   Bitcoin is holding near $80,000, little changed from Saturday, but options traders are making noise: a single wallet on decentralized platform Derive bought 800 contracts of $90,000 calls expiring Nov. 6, roughly $68 million in face value and a bet on a breakout just after the U.S. midterm elections. Derive’s market-implied odds of bitcoin topping $100,000 by Christmas rose to 12% from 9.7% a week ago, though puts still cost more than calls on Deribit. Elsewhere, Anthropic filed for its IPO and is targeting a mid-November pricing, while oil retreated from six-month highs ahead of a Fed decision on Wednesday, with markets pricing a 90% chance of no change. Stay alert. Read today’s full report → Market snapshot As of 10am ET Asset Price 24h BTC $79,908 −0.84% ETH $2,314 −1.18% SOL $101.36 +0.03% XRP $1.29 −0.55% Prices approximate. Visit coindesk.com/price for live data. A message from Hex Trust Founded in 2018, Hex Trust is the regulated digital asset partner for institutions that want to do more than just hold. More than 600 funds, banks, family offices, foundations, payment firms and OTC desks rely on us to safeguard, move and grow their assets, all with one licensed provider. Our custody gives clients the protection of cold storage without the wait. Assets stay offline and fully secured, and transactions still go out instantly. Around custody, we’ve built the services institutions actually use: OTC trading, staking, fiat on and off ramps, payments, and Aura, our wealth platform for private clients. Hex Trust is licensed in Hong Kong, Singapore and Dubai, so partners can grow across Asia and the Middle East with one compliant counterparty instead of piecing together several. Learn More What matters today Finance   Story 1 of 3 AI giant Anthropic files for blockbuster IPO Anthropic filed for an IPO on Monday morning, aiming to go public in November. The prospectus shows first-half 2026 revenue of $16.3 billion and a net loss of $80.7 billion, with the share count and price range not yet disclosed; the Financial Times reports investors expect a valuation of $1.5 trillion to $1.75 trillion. The company held $112.4 billion in cash and equivalents plus $19.3 billion in short-term investments as of June 30, but warned that infrastructure spending will rise significantly. By Sept. 30, more than 1,900 customers had generated at least $1 million in trailing annual revenue, about 250 of them above $10 million. Chip stocks rose in premarket trading, with Nvidia up 1.4%, Broadcom up 1.5% and Micron up 2.3%. On Hyperliquid, the ANTH contract spiked to about $1,980 around the 9 a.m. ET filing time, then fell roughly 6% to about $1,857 within minutes. Read more → Markets   Story 2 of 3 Bitcoin holds near $80,000 as oil retreats and the Fed decision looms Bitcoin steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC. The DeFi index was the only CoinDesk index to gain, with Uniswap and Ethena rising even after Arthur Hayes’ Maelstrom fund sold its entire directional book over the weekend, including 6,400 ether. S&P 500 futures rose about 0.3% after Friday’s selloff, while U.S. crude fell about 2% to near $101 a barrel and Brent slipped to around $110 as Qatari mediators arrived in Tehran. The Fed, which raised rates in September, decides on Wednesday, with CME’s FedWatch tool showing a 90% chance of no change and roughly an 80% chance of a hike in December. Spot bitcoin ETFs saw $138 million of outflows on Friday, taking the two-day exit to $772 million. In derivatives, open interest rose 0.85% to $139.9 billion, liquidations fell 71% to $153 million, and the busiest bitcoin contract was the Oct. 28 $77,000 put. Read more → Markets   Story 3 of 3 Calpers pulls back from big tech as AI jitters deepen neocloud sell-off Calpers, the world’s fifth-largest pension fund, is cutting its exposure to major U.S. technology companies as concerns mount over stretched valuations and the sustainability of the AI investment boom, the Financial Times reported. The fund, which manages more than $600 billion, reduced the combined number of shares it directly held in the Magnificent Seven by 26% in the first half, according to FT calculations based on regulatory filings. It is shifting toward private equity to spread its investments beyond a handful of market leaders, with deputy chief investment officer Anton Orlich telling the FT that public equity valuations look expensive and the tech giants could underperform other investments. The Roundhill Magnificent Seven ETF is up 7% year to date, led by Apple’s 34% gain and Nvidia’s 12% rise, while Meta, Alphabet and Tesla are all down. The move adds to concerns raised by Elon Musk, who warned that financing has largely dried up for AI data center companies without substantial revenue elsewhere, after SpaceX raised $40 billion in debt to buy GPUs. CoreWeave, Cipher Digital and IREN all fell in premarket trading. Read more → CoinDesk Disclosure: The information contained in this newsletter, and any information linked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. You should seek additional information regarding the merits and risks of investing in any cryptocurrency or digital assets. L1.co Disclosure: This material is for informational purposes only, and the content contained herein should not be considered investment advice or a solicitation, offer, or recommendation to sell or buy any asset, strategy, or product. Investing in digital assets involves a high degree of risk, including the loss of principal. Crypto Daybook Americas: A newsletter from CoinDesk Were you forwarded this newsletter? Sign up here.  Copyright © 2026 CoinDesk, All rights reserved.  CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York, NY 10011, USA Unsubscribe Manage preferences

Are bets on bitcoin bigger than sports?

Robinhood says bitcoin and gold prediction markets are now growing faster than sports. Plus: Bitcoin Core just changed how it handles bugs an AI can find in one prompt. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Friday, October 23, 2026 Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports Bitcoin, gold and oil price contracts are now among Robinhood's fastest-growing prediction market products, overtaking sports as the engine of the business, according to Robinhood VP JB Mackenzie at the NEXTPredict conference Thursday. The Fed's September rate decision was the platform's largest single event contract in that month — not a sports bet. Crypto contracts have also moved toward 15-minute settlement windows. Mackenzie compared the speed to zero-day options and said prediction market users are quickly expanding into stocks, crypto and retirement accounts, making it potentially Robinhood's fastest-growing segment among its 11 $100M+ revenue businesses. 2-minute read → Research commissioned by Bullish The future of equity ownership: an issuer's guide to tokenized equities Tokenized equities are coming whether issuers participate or not — third parties are already creating synthetic versions offshore. CoinDesk Research maps the three models (issuer-sponsored, custodial, and synthetic), explains why only the first makes the token the share itself with full rights, and traces how BLSH became the first NYSE-listed company to place its entire cap table on-chain via the Equiniti × Bullish platform. The key insight: the transfer agent — not the blockchain — is the anchor of issuer-sponsored tokenization, and for companies already using Equiniti, it's an extension of an existing relationship rather than a new infrastructure project. Read the report → Tech Bitcoin Core changes security rules as AI makes finding code bugs dangerously easy Bitcoin Core merged a policy change Thursday that ends months-long embargoes on bugs an AI could rediscover with a single prompt — shipping fixes and advisories immediately instead. The change follows a summer in which AI tools found hundreds of bitcoin vulnerabilities before human researchers did, including 4,962 findings across 390 bitcoin projects in a single day by a 16-person volunteer group. "A secret any model can regenerate in one prompt was never going to protect users for long," the article concludes. The tradeoff: fixes will get less testing time before reaching nodes. 3-minute read → Know someone who should be reading this? Share this newsletter See all of CoinDesk’s newsletters    CoinDesk, Inc., 61 9th Avenue, 5th Floor, New York,NY,10011,USA, Unsubscribe Manage Preferences   Copyright © 2026 CoinDesk, All rights reserved.