— AI, Anthropic, Claude, IPO, Stocks
Anthropic IPO Live: 7 people will control voting power
Anthropic's IPO describes an entity by which 7 individuals will control the majority voting power over Anthropic.
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Stocks
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AI stock Innodata crashes 25% on job cuts, lost contract
Innodata lost a quarter of its market cap after laying off nearly 550 workers in India over a "ramp-down" in a customer contract.
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— AI
Anthropic outranks most IPOs in history
Anthropic’s IPO filing is a mixed bag, setting nominal records among historical IPOs for losses, revenue retention, and accumulated deficit.
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Anthropic was keeping its IPO share price secret — footnote reveals $71.43
Anthropic’s S-1 IPO filing has a footnote that implies a stock price near a $1.2T valuation — far below current live estimates.
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— AI
Anthropic IPO Live: 7 people will control voting power
Anthropic's IPO describes an entity by which 7 individuals will control the majority voting power over Anthropic.
Read more (2 min) →Crypto
More Crypto →
Coinbase and Bithumb users hit by data leaks
Coinbase says only a “small subset" of users were affected by its breach, and that customer funds weren't impacted.
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— a16z
A16z’s crypto predictions aged like milk
A16z has rebranded its flagship cryptocurrency fund as a "frontier" fund. We reviewed the firm's crypto predictions.
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Revolut to review internal systems following BoE order, report
The Bank of England ordered a review of Revolut's product approval processes which will be carried out by a team of experts.
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— BNB
Predict Fun users lose $260K in ‘likely’ ongoing draining incident
Nineteen Predict Fun users lost roughly $260K worth of funds in a draining incident that's likely to claim more.
Read more (1 min) →DeFi
More DeFi →
— Abracadabra, DAO
Abracadabra breaks its DAO to shut down protocol
Abracadabra DAO, which once held over $6B in TVL, is to be shuttered after a second vote on a “wind down” proposal with reduced quorum.
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Abracadabra blames hacks for shutdown amid ‘looting’ claims
Abracadabra proposed “an orderly wind down,” blaming security incidents that leave its stablecoin MIM with “no viable path back to parity."
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— Compound
Compound Foundation accused of ‘misappropriating’ DAO funds
The Compound Foundation has been accused of misusing funds to boost its voting power on two key proposals.
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— Bridge
DYORSWAP users tricked into sending 767 ETH to fake bridge contract
DYORSWAP users have lost a total of $2M in ETH after a fake version of UPbit’s GIWA chain was spun up by crypto hackers.
Read more (2 min) →Latest Charts
All Charts →
Gemini stock reaches record low, down 89% since IPO
— aifc
Trump-associated ALT5 Sigma down 96% since WLFI deal
Bank of America hit with $1.2B fine after missing ‘Chinese money laundering’
— Bitcoin
CHART: Time taken for the average US worker to earn one BTC tops 12 months
Trump-related American Bitcoin has lost more than 90% of its value
Videos
All videos →
Justin Sun’s HTX has messed up reserves
HTX, the crypto exchange owned by Justin Sun, holds reserves that look very different to what customers might expect. In this video, we break down why this is. Much of…
How did Strategy buy 568,000 bitcoin
Strategy, formerly MicroStrategy, is the world’s largest corporate holder of BTC. In this video, we explain how Michael Saylor’s firm used mostly raised money rather than profits to pay for…
How Lazarus turned North Korea into a crypto hacking powerhouse
North Korea’s path to becoming a feared cyber threat starts at the end of the Korean War. This video traces how the isolated nation hacked, counterfeited, and murdered its way…