Crypto Morning Brief: Anthropic Publicly Files Nasdaq IPO Application With Stock Ticker "ANT"; CFTC and NBA Sign Memorandum of Understanding

Author: TechFlow

Yesterday's Market News

Anthropic Publicly Files Nasdaq IPO Application Under Ticker "ANT"

On October 26, Anthropic publicly submitted its Nasdaq IPO application under the ticker symbol "ANT".

CFTC and NBA Sign Memorandum of Understanding to Strengthen Integrity Protection in Prediction Markets

According to the CFTC website, the U.S. Commodity Futures Trading Commission (CFTC) and the National Basketball Association (NBA) announced on October 26 the signing of a memorandum of understanding (MOU) aimed at protecting the integrity of professional basketball games in prediction markets. The two parties will engage in regular communication and enhance information sharing to discuss matters related to game integrity, safeguarding the fairness and transparency of prediction markets. CFTC Chair Michael S. Selig stated that following MLB and NHL, the NBA has taken responsible steps to protect sports integrity and market participants from abuses such as insider trading and fraud in prediction markets, and expressed gratitude to NBA Commissioner Adam Silver for his cooperation on this matter.

Ansem Holds Bearish View on BTC, ETH, and Large-Cap Stocks, Expects Pullback Before Further Gains

Ansem (@blknoiz06) posted that he is bearish on BTC, ETH, and large-cap stocks, believing both BTC and ETH have broken below their medium-term trends. If BTC falls below $82,000 and ETH drops below $2,400, the downward momentum could accelerate. In replies, he stated the same view applies to SOL.

He noted that AI momentum stocks have run up in a parabolic move before forming lower highs and losing their uptrend. Mega-cap tech stocks are stalling near all-time highs, and previous breakouts in Nasdaq-linked tickers have turned out to be false breakouts upward. He also pointed out that the next source of revenue growth for the AI industry remains unclear. The market has previously committed significant capital expenditures to training models, and investors will focus on the actual impact of these investments on corporate profits. He viewed Meta's post-earnings drop last week as a signal and mentioned that AI models may pose cybersecurity risks.

Ansem forecasts severe bidirectional volatility in Q4, noting that retail speculative enthusiasm is unlikely to cool significantly and select on-chain sectors may still perform well. He cautioned that the Fed's rate decision meeting this week and earnings reports from several major companies could bring news-driven risks. Meanwhile, he clarified that he is not bearish on longer timeframes, suggesting this is more likely a pullback before continuing higher.

Google, Amazon, and Broadcom Provide $77 Billion in Financing to Anthropic

Anthropic has secured an additional $77 billion in financing from Google, Amazon, and Broadcom. Each agreement comes with specific conditions: Amazon's financing is tied to Anthropic hitting certain compute milestones; Google's $20 billion commitment depends partly on whether Anthropic achieves specific revenue targets. Hyperscale cloud providers like Google and Amazon have already injected billions into the AI startup to meet its compute demands, despite being direct competitors. Together, Google and Amazon have invested tens of billions cumulatively, making them Anthropic's largest shareholders.

Anthropic's Target Valuation Remains Undisclosed, Financing Round May Reach $100 Billion

Two key details remain undisclosed: the IPO valuation Anthropic is seeking and the number of shares planned for issuance. These specifics may take another two weeks to reveal. At that time, Anthropic will file an updated registration statement after gathering investor feedback. According to sources familiar with the matter, Anthropic plans to go public during the week of November 16, though the exact date remains subject to change. Insiders indicate the IPO could raise up to $100 billion or more, with a company valuation potentially reaching between $1.5 trillion and $2 trillion.

U.S. Treasury to Buy Back Up to $6 Billion in Longer-Dated Bonds on Tuesday

On October 26, the U.S. Treasury will buy back up to $6 billion in longer-dated bonds on Tuesday.

McDonald's McRib Returns, Community Signals: Is a Bitcoin Bull Market On?

According to USA Today, McDonald's McRib sandwich is returning, initially launching in a limited-time rotation across select U.S. cities including Los Angeles, Chicago, Miami, Atlanta, Philadelphia, and Dallas. Historically, every return of the McRib has coincided with a significant surge in Bitcoin, prompting some crypto community members to urge investors to "not short the Mcrib."

Ethereum Foundation Sells 2,785 ETH for Approximately $6.42 Million in USDS

Tracked by Onchain Lens, the Ethereum Foundation swapped 2,785 ETH for USDS via CoWSwap, totaling approximately $6.42 million.

CZ Responds to BNB Chain's New L1 Plan: Multiple Chains, One Coin

According to official BNB Chain documentation, it is developing a brand-new high-performance L1. The new chain will run parallel to the existing BSC and will continue using BNB as the core asset for gas, staking, and governance, without issuing an independent token.

CZ subsequently responded: “Multiple chains, one coin.”

Today's Market Trends

Recommended Reading

An In-Depth Look at Anthropic's Prospectus: Aiming for a $2 Trillion Valuation, Warning of "Potential Threat to Humanity"

https://www.techflowpost.com/article/34872

This article provides a deep dive into Anthropic's IPO prospectus submitted on October 26: the company intends to list on Nasdaq under the ticker ANT, with market expectations placing its valuation above $2 trillion. Revenue surged from $41 million in 2023 to approximately $16.3 billion in the first half of 2026, while simultaneously securing over $518 billion in commitments for compute and infrastructure over the next decade, roughly 80% of which are non-cancellable. The prospectus reveals that massive book losses primarily stem from fair value adjustments of financing instruments, while the operating loss ratio has narrowed to 4.3%. Meanwhile, Amazon and Google serve as both investors/cloud providers and competitors, creating complex interlocking interests. Anthropic also implements governance constraints through founder voting rights, independent trusts, and a charitable foundation. In an approximately 80-page risk section, it warns of potentially catastrophic consequences posed by AI. This IPO is not merely about valuing a rapidly growing AI firm but will test how capital markets balance AI's commercial potential, massive compute costs, and safety responsibilities.

U.S. Stock Dividents Swapped Directly for Bitcoin: Franklin Launches Two New "Auto-Investing" Crypto ETFs

https://www.techflowpost.com/article/34871

This piece introduces two new ETFs launched by Franklin Templeton: large-cap ETF FBEQ and innovative growth ETF FIBT, both targeting an initial allocation of 95% U.S. equities and 5% Bitcoin exposure. Their standout feature automatically uses ordinary and special stock dividends to purchase Bitcoin-related products, transforming traditional dividend reinvestment into a continuous BTC accumulation channel. Management fees are set at 0.09% and 0.19% respectively, alongside strict rebalancing rules to prevent Bitcoin positions from ballooning excessively. In the short term, the buying volume generated by dividends is limited and unlikely to significantly spike BTC prices directly; however, long-term, this design lowers the barrier for traditional equity investors to access Bitcoin, reflecting Wall Street's attempt to embed digital assets into conventional portfolios.

Twitter Co-Founder Releases a Chat App That Needs No Network, Takes France by Storm

https://www.techflowpost.com/article/34868

This article focuses on Bitchat, an offline chat app developed by Twitter co-founder Jack Dorsey. In October 2026, widespread protests in France, politicians' proposals for temporary social media blackouts, and a nationwide outage by telecom provider Orange propelled Bitchat to the top of France's App Store social category downloads. It relays messages between devices via Bluetooth Low Energy technology, requiring no phone numbers, accounts, or centralized servers; when online, it can leverage the Nostr protocol to expand communication reach. Previously, Bitchat had also sparked download surges in Nepal and India due to internet restrictions. The article argues that Bitchat is more than just an offline messaging tool; it is a practical realization of Dorsey's decentralized internet vision: returning communication control to users and reducing reliance on platforms and infrastructure through open-source protocols and privacy protections.

Ousted by Officials, Assets Fire-Sold: The Collapse and Comeback Attempt of Nasdaq's "First Dogecoin Stock"

https://www.techflowpost.com/article/34869

This article examines the operational crisis facing House of Doge (HODO), a "Dogecoin concept stock" listed on Nasdaq. The company lost its exclusive trademark license from the Dogecoin Foundation and is required to remove the DOGE branding by the end of 2026; its flagship app, Such App, is slated to be transferred to Dogecoin Labs in exchange for $4 million in startup equity, with no cash involved. Meanwhile, the company carries approximately $8 million in debt, with the CEO and CFO resigning successively. It proposes acquiring a tokenization platform and lending business under McQueen Labs for up to $15 million, but the deal involves director conflicts of interest and requires creditor approval. Facing sluggish stock prices and Nasdaq compliance pressures, the company is also considering a reverse stock split. This crisis highlights the core risks of crypto concept stocks: going public on popular narratives does not guarantee a sustainable business model. Once trademark licenses, cash flow, and market trust are lost, equity dilution and asset restructuring may not be enough to save the company.