gm, crypto twitter. ☕💀

Anthropic is preparing one of the biggest IPOs in history, MARA just sold 13,597 BTC to clean up its balance sheet, and Jensen Huang’s crisis PR story keeps getting messier.

Wall Street is green. Bitcoin miners are selling. AI is still spending like there’s no tomorrow.

Let’s get into it.

1/ Anthropic targets up to $69.3B in IPO proceeds

Anthropic is reportedly preparing a massive Nasdaq IPO under the ticker ANT, with a proposed price range of $70–$80 per share.

Key figures:

  • 866.67 million Class A shares proposed.

  • Potential proceeds: $60.67B–$69.33B.

  • Estimated proceeds at $75 per share: approximately $65B.

  • Q3 2026 revenue: $16.956B, up 1,127% YoY and 46.7% QoQ.

  • Adjusted operating profit: $2.463B.

  • Adjusted operating margin: 15%.

The company is scaling revenue at an extraordinary pace, but the IPO will also put its profitability and infrastructure spending under a much bigger spotlight.

📌 Market watch: A listing of this size could become a major test of investor appetite for AI companies.

AI isn't just eating the market anymore. It's asking the market to fund the buffet. 🍽️

2/ Seven tech giants reportedly line up $2.6B for Anthropic

Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC are reportedly joining an investment arrangement tied to Anthropic's IPO.

The reported deal includes:

  • Around $2.6B in investment through private placements at the IPO price.

  • Strategic investors reportedly selling 23,333,331 shares in the IPO.

  • Anthropic's proposed IPO price range remains $70–$80 per share.

These companies represent critical parts of the AI supply chain, from cloud infrastructure and chips to memory and semiconductor manufacturing.

📌 Market watch: Strategic investment from major technology players could strengthen confidence in Anthropic, while also highlighting how deeply interconnected the AI ecosystem has become.

The AI supply chain is starting to look like a group project where everyone owns a piece of the same monster. 🤝

3/ MARA sells 13,597 BTC to repay $750M in debt

Bitcoin miner MARA has sold 13,597 BTC and used the proceeds to repay $750M in debt.

The company also announced a new $500M share repurchase authorization.

One more detail: two data-center lease agreements originally expected to move forward may now be delayed until 2027.

📌 Market watch: Debt repayment reduces financial obligations, but the BTC sale also highlights how miners may use treasury assets to manage capital structure and liquidity.

MARA just turned its Bitcoin treasury into a debt-repayment button. 💀

SharpLink reported Q3 revenue of $13.5M, up 24% YoY from $10.8M.

Staking revenue accounted for $13.1M, up 27%.

The headline number was net income:

  • Net income: $751.4M.

  • Diluted EPS: $3.45.

  • Unrealized gains from ETH holdings: $676.7M.

  • Realized gains on crypto assets: $75.2M.

  • Cash and equivalents at September 30: $47.9M.

  • Management expenses: $11M, down 8% YoY.

The important distinction: most of the reported profit came from changes in the fair value of ETH holdings, not from the company's core operating revenue.

📌 Market watch: SharpLink's results show how ETH price appreciation can materially affect the earnings of companies holding large crypto treasuries.

Revenue says business. ETH appreciation says number go up. Those are not the same thing. 📈

5/ Jensen Huang hired crisis PR firm Heller in October 2025

A new report from Wired, cited by ChainCatcher, says Nvidia CEO Jensen Huang began working with crisis communications firm Heller in October 2025.

The timeline is drawing attention:

  • October 9, 2025: The New York Times published an investigation involving Nvidia and Singapore data-center company Megaspeed.

  • Later that month: Nvidia's internal PR team was reportedly instructed to involve Heller in media inquiries about Huang, whether personal or corporate.

  • November 8, 2026: Huang publicly acknowledged infidelity.

  • Nvidia's board subsequently launched an independent investigation.

Heller founder Risa Heller is known for handling high-profile scandals and misconduct allegations. However, Wired has not confirmed that the firm was originally hired to manage the alleged affair.

📌 Market watch: The story adds another layer of reputational uncertainty around Nvidia leadership, even as the company remains central to the AI trade.

Crisis PR has been on the Nvidia payroll longer than this news cycle. 💀

6/ US stocks rally as VIX drops more than 22%

US equities closed broadly higher:

  • Dow Jones: +2.15%

  • Nasdaq: +2.74%

  • S&P 500: +2.35%

  • Russell 2000: +3.15%

Other market indicators:

  • 2-year Treasury yield: 4.5573%, up 4.99 bps.

  • 10-year yield: 4.8841%, up 2.67 bps.

  • 30-year yield: 5.2794%, up 1.38 bps.

  • DXY: 101.6622, down 0.61%.

  • VIX: 19.92, down 22.31%.

📌 Market watch: Strong equity gains alongside a sharp VIX decline point to improved risk sentiment in this session. Higher Treasury yields remain worth monitoring.

Stocks are partying, volatility is leaving the group chat, and bond yields are still watching. 🍻

7/ Gold and oil trade lower in a mixed commodities session

The supplied market snapshots show:

  • Gold: $4,123.85/oz, down 0.41% in one snapshot.

  • Silver: $53.075/oz, up 0.75%.

  • WTI: $87.15/barrel, up 0.51%.

  • Brent: $95.50/barrel in one snapshot.

A separate market summary reports Brent at $92.20, down 6.22%, and LBMA gold at $4,140.02, up 1.73%.

These figures appear to reflect different market snapshots or timestamps, so they should not be treated as one simultaneous price reading.

European equities also advanced: Euro Stoxx 50 gained 2.78%, while the UK 100 rose 1.45%.

📌 Market watch: Watch the dollar, Treasury yields and energy prices together. Their movements can quickly change the macro backdrop for risk assets.

Even gold and oil can't agree on the market mood today. 💀

My Market Watchlist 👀

  • Anthropic IPO: Pricing, strategic investors and public-market demand.

  • BTC: Whether MARA's treasury sale signals broader miner balance-sheet pressure.

  • ETH: SharpLink's treasury exposure and the distinction between operating earnings and valuation gains.

  • NVDA: Leadership headlines and the board's independent investigation.

  • Macro: Treasury yields, DXY, VIX and oil.

Bigger Picture

AI capital formation is accelerating, crypto companies are adjusting their balance sheets, and traditional markets are showing a stronger risk appetite.

But don't confuse headline numbers with underlying strength. Anthropic's IPO proceeds are not the same as market capitalization, and SharpLink's net income was heavily influenced by ETH valuation gains.

Are we watching the beginning of an AI IPO supercycle, or the market's next giant liquidity test?

DYOR. Not financial advice.