Initial Public Offering

Bitcoin is on track for a sixth consecutive weekly decline, deepening a drawdown that has left the asset down sharply in November, the fourth quarter and 2026. Traders are watching whether Anthropic’s blockbuster listing, Nvidia uncertainty and Federal Reserve rate expectations are adding pressure to crypto liquidity.

Anthropic moved into an operating loss in the third quarter despite strong revenue, as higher computing costs and noncash charges weighed on profitability. The Claude developer also disclosed major long-term infrastructure commitments as it prepares for a planned November IPO.

Anthropic has filed for an initial public offering, revealing rapid revenue growth alongside a steep net loss as it targets a public-market debut in November. The filing rippled through chip stocks and Hyperliquid’s ANTH contract, where traders quickly repriced expectations around the AI company’s potential listing.

Polymarket has reportedly fired chief marketing officer Matthew Modabber after an internal investigation into several incidents, including an alleged fake-trade promotion scheme. The move comes as the crypto-powered prediction market works to improve its public image while weighing a possible initial public offering.

OpenAI is pursuing a major private funding round at a valuation of about $1.4 trillion, excluding the new capital, after postponing its public listing plans beyond 2026. The fundraising push comes as the ChatGPT maker expands premium AI products and reports a sharply rising annualized revenue run rate.

RedotPay says it has completed a financial audit required for a U.S. listing, alongside a separate review of its anti-money-laundering and counter-terrorist-financing controls. The Hong Kong-based stablecoin payments company says its IPO has not been deferred, even as other crypto firms have pushed back listing ambitions.

Binance has sued Hong Kong-based RedotPay and its founders, alleging the stablecoin payments company diverted about 470,000 users and caused nearly $473 million in losses. RedotPay has rejected the claims as unfounded and says it will defend itself vigorously.

Bithumb is preparing for a potential initial public offering in 2028 after reorganizing its business and moving to strengthen internal controls. The South Korean crypto exchange plans to complete risk and accounting upgrades by the end of 2026 before seeking a preliminary listing review in 2027.

AMINA is evaluating routes that could eventually lead to a public listing while emphasizing strategic growth capital as its immediate priority. The Swiss digital asset bank has drawn attention as crypto firms reassess IPO timing amid uneven public-market performance.