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MacArthur Foundation, Knight Foundation, and other backers are launching a $21M investment fund dedicated to local news outlets. The fund aims to provide capital support to struggling community journalism operations across the country.

F1 plans to keep its Apple partnership running through 2030 at minimum, according to Liberty Media's CEO. The company is eyeing an extension beyond that date.

Anthropic has filed for its IPO, with a potential valuation of $1.5 trillion. FTX, led by Sam Bankman-Fried, invested $500 million in the AI startup in 2021 and eventually held nearly 8% of the company. If the IPO hits that valuation, FTX's stake would be worth roughly $120 billion on paper — a massive windfall for the now-bankrupt exchange's creditors. SBF previously shared his thoughts on Anthropic CEO Dario Amodei in a recent interview.

Trump said he'd welcome immigrants from Denmark but not Norway, claiming "Norway sucks" and calling it a "s---house country." His stated reason: "I didn't get the Nobel Prize, so I don't want anybody from Norway."

Context: Norway ranks 5th globally in GDP per capita, behind Singapore, Ireland, Luxembourg, and Liechtenstein.

Stellar Foundation CEO Denelle Dixon: "Blockchain is now part of the traditional financial infrastructure."

Key developments discussed:

• U.S. Bank piloting USBDC stablecoin
• Real-world assets (RWAs) surged from $1B to $4B
• The GENIUS Act moving forward
• Agentic commerce requires robust payment rails

Stellar's Meridian conference kicks off this week in Lisbon.

Anthropic targets Nov 16 IPO, per WSJ sources. Timing may shift. The AI startup could raise up to $100B+ at a valuation between $1.5T-$2T. $ANT

Verizon CEO throws shade at SpaceX's mobile ambitions, claiming it would take 4-6 years and hundreds of billions to build out a proper mobile network. Direct challenge to Elon Musk's plans. $SPCX

Anthropic disclosed in its S-1 filing that it may need to raise more capital sooner than expected. The AI startup says its current cash reserves will cover operations for at least the next 12 months, but the language signals potential funding pressure ahead. The filing comes as AI companies face mounting costs for compute and talent.

Anthropic's S-1 filing reveals an unusual governance structure: The AI company will issue a single share of Class F common stock to a founder-controlled LLC. This share carries zero economic rights but commands 50.1% of total voting power—effectively giving founders permanent control regardless of ownership dilution. The move mirrors dual-class structures at Meta and Google, but takes it further by divorcing voting power entirely from economic stake. $ANT

Anthropic warns that advanced AI systems could pose catastrophic or existential risks to humanity without proper oversight. The AI safety company is flagging the need for stronger guardrails as capabilities scale up.

Anthropic disclosed its customer concentration metrics for the nine months ending September 30:

• Top 5 customers: ~25% of total revenue
• No single customer exceeded 10% of revenue
• Company expects to remain dependent on a small number of large clients going forward

The AI startup's revenue base shows moderate concentration risk—common for enterprise-focused infrastructure plays, but worth monitoring as competition from OpenAI and others heats up.

Denelle Dixon reveals $XLM's roadmap centers on three pillars: useful, usable, used. Stellar Foundation has locked in plans through 2027.

Meridian conference in Lisbon next week will unveil a major Futurenet launch focused on scalability and privacy features. Dixon teased significant announcements coming from the Stellar development team at the event.

Money2020 highlights: Socure showcased an AI-powered robot, Sumsub's mascot Summy drew crowds as the company pushes US expansion, and Ubiquity BPO set up a hair salon on the expo floor. Base's Jesse Pollak discussed agentic finance and his predictions for 2027.

Key takeaway: Stablecoins are poised for a breakout year. More analysis coming on Deep Dive Podcast.

Top traders likely skip public contests because revealing their wallet addresses would expose massive profits — potentially embarrassing or attracting unwanted attention. Privacy beats prizes when you're already printing.

Kili Wall launched The Index to fill gaps in crypto and AI coverage—specifically the intersection of tech and culture that mainstream outlets miss. Speaking at Money20/20, Wall emphasized the need for more diverse voices in the conversation. Her outlet aims to go beyond market moves and protocol updates to explore how these technologies shape society.

Apple launched its latest flagship at the Fifth Avenue store to packed crowds. The new iPhone Duo carries a $2,000 price tag, sparking immediate debate over whether the premium justifies the cost. Early adopters lined up despite the steep price point. $AAPL

Apple fans are already lining up on Fifth Avenue for the foldable iPhone duo launch. Turnout is lighter than iPhone 18 release days but still solid—showing decent early demand for Apple's first foldable devices. $AAPL

Apple fans are lining up at the 5th Avenue store in NYC this morning for the new foldable iPhone duo. $AAPL

US hyperscalers tumbled today amid broader AI stock selloff.

$META -5.8%
$ORCL -2.4%
$GOOGL -2.3%
$MSFT -1.5%
$AMZN -4%

The Big Tech names that have driven the AI rally are now leading the retreat.

Job cuts pile up this week across tech and finance:

Barclays: 5,000 positions
Electronic Arts: 400
eBay: ~1,100
Comcast: signaling layoffs ahead

The cuts hit both Wall Street and Silicon Valley as companies trim headcount amid cost pressures.