CryptoSlate

Anthropic’s potential $2 trillion IPO is fueling an $80 million crypto trade

Anthropic’s potential $2 trillion IPO is fueling an $80 million crypto tradeWorldPing

Anthropic’s prospective $2 trillion IPO has already spawned nearly $80 million in crypto derivatives bets before its public debut. Open interest in futures linked to the Claude developer has climbed to about $79.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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Offshore Bitcoin futures crash 97% as traders abandon traditional risk

A strange thing has happened to Bitcoin's derivatives market over the past five years. The market is larger, institutions play a much bigger role, exchanges offer more sophisticated products, and traders have become far better at moving risk around.

Brief by WorldPing · Original reporting by CryptoSlate