FreedmanCrypto[互关版]

#Anthropic files prospectus: officially launches IPO Anthropic has just submitted its S-1 prospectus to the SEC, officially starting the IPO process. Honestly, the timing is quite delicate. Just one day before filing, Anthropic announced the completion of a $65 billion Series H funding round, with a post-money valuation of $965 billion, directly surpassing OpenAI's $852 billion, becoming the highest-valued private AI company globally. Annualized revenue surged from 10 billion at the end of last year to $47 billion. The data looks impressive, but the market reaction is very divided. On one hand, this is the largest IPO ever in the AI sector, and Claude’s commercialization speed is indeed astonishing — annualized revenue has increased 47-fold from 2023 to now. On the other hand, on the very day of the filing, the newly released Opus 4.8 was widely criticized online: its performance is inferior to GPT-5.5, yet it’s more expensive; after enabling thinking mode, each conversation generates 900,000 tokens (the previous generation only 14,000); when asked in Chinese who it is, it answered that it is Qianwen and DeepSeek. Investors buy future growth expectations, not past achievements. When your flagship product fails on the IPO day, the story becomes hard to tell. Interestingly, this IPO might accelerate the capitalization process of the entire AI sector. If Anthropic’s IPO succeeds, who will be next? OpenAI? xAI? For the crypto market, the AI+Crypto narrative has always been a hot sector. Tokens like $FET, $RNDR, and $TAO have recently been following AI sentiment. If Anthropic’s IPO goes smoothly, it could further boost the valuation logic of the entire AI sector. But the problem is also very real: a $965 billion valuation corresponds to $47 billion in annual revenue and still operating at a loss. This multiple is even crazier than the internet bubble back then. What do you think about Anthropic’s IPO? Is it a milestone of the AI era or the peak of a bubble?

Wednesday morning, my social circle was flooded with posts about the crash, with many people sharing screenshots titled "Crypto has collapsed." Checking the market, $BTC is at 67,036, down 5.83% in 24 hours, with an intraday low of 66,194; $ETH is at 1,869, down 6.12%. Last night’s PPI data exceeded expectations, and once the Fed signaled a hawkish stance, risk assets were crushed across the board. But looking closely at the data reveals an interesting phenomenon: BTC dropped 5.8%, DOGE fell 7%, SOL dropped 6.9%, and SUI fell 5.7%. Altcoins generally fell harder than BTC. What does this indicate? Funds are moving from high-volatility altcoins to BTC, a classic risk-off rotation. Every major correction plays out like this: BTC holds up first, while altcoins get dumped more severely. Today, DOGE and SOL are the hardest hit. However, BTC rebounded from the low of 66,194 back up to 67,036, indicating support around the 66K level. Whether this level holds will directly determine if the market sees a technical rebound or continues to probe lower. This kind of market really tests one’s mindset. Some in the group say it’s time to bottom-fish, others say it will drop further. I lean towards waiting and watching; PPI exceeding expectations doesn’t mean the Fed will act immediately, and the market needs time to digest the panic. The real signal will be whether BTC can hold above 67K. If it can’t, altcoins might face a second wave of declines. How much have your altcoins dropped today? Report in the comments and let’s see who’s the worst off 😄 #Strategy披露上周出售32枚比特币 #CFTC历史性批准BTC永续合约

On Wednesday morning, as I sat down at my desk and opened the market quotes, I almost spilled the coffee I had just brewed. The midnight crash from yesterday hadn’t even been digested yet, and another wave of accelerated sell-off hit in the early hours today. $ETH fell below 1900 to 1862, $SOL was even worse, crashing straight down from above 80 to 74.68, dropping nearly 8% in 24 hours. $DOGE dropped 7.67%, $XRP fell 5.59%, and even $TRUMP is struggling to hold above 2. This isn’t just one coin falling; the entire market is being indiscriminately sold off. I checked the reason: PPI data exceeded expectations, and inflation rose again in May. The market’s original bet on the Fed cutting rates in the second half of the year has basically fallen through. The newly appointed Fed Chair, Waller, is very hawkish, prioritizing inflation and keeping rates high. For high-risk assets like crypto, this is a double blow—liquidity expectations are shattered, and funding costs rise, hitting the market with two negative factors at once. An interesting detail: $BTC dropped about 7%, but $SOL fell 8%. The coins that surged the most earlier are now correcting the hardest. This shows leveraged funds are being liquidated en masse, and profit-taking is faster than anyone else. SOL had more than doubled from its low point before; now it’s just paying off debt. The biggest question now is the upcoming CPI data this week. If inflation continues to exceed expectations, the market may still head lower; but if the data eases, it could become a catalyst for a short-term rebound. The premise is that you have the ammo and the mindset to hold on. When you open the market on Wednesday morning at work, is your first reaction to lie low and play dead, or do you think you can take advantage of the dip to pick up some cheap chips?

At 7:30 Wednesday morning, I habitually opened the market on the subway and was immediately shocked. BTC crashed overnight from 71,500 to around 66,200, a drop of nearly 7%. ETH was even worse, breaking through the 1900 mark directly, now hanging around 1845, SOL fell 10% back to 73, a full-scale bloodbath. Here's what happened: Democratic Senators Sanders and Warren jointly pressured the Labor Department to revoke the Bitcoin 401(k) retirement plan. The policy suddenly tightened, combined with already fragile market sentiment, triggering a wave of panic selling. This drop can't be explained by technicals; it's a double whammy of sentiment and policy. Interestingly, against the backdrop of SpaceX's upcoming IPO, there is still $1.45 billion worth of BTC holdings on the books. Big institutions are being hit by policy but aren't reducing positions, retail investors are cutting losses, and smart money is accumulating? In the short term, BTC 66,000 is a key psychological level; if it doesn't hold here, the next support is at 64,500. But such a sharp drop is often a concentrated release of panic, and breaking below the previous low might actually bring a short-term rebound opportunity. SUI dropped nearly 10%, DOGE also fell over 9%, and altcoins are even more miserable. The characteristic of this round of sell-off is "indiscriminate"—no matter what you hold, you're losing. The biggest uncertainty now is not the price but the policy direction. If the 401(k) issue really advances, it will significantly impact BTC's mid-to-long-term narrative. But from another perspective, panic clearing actually concentrates chips more. What was your first reaction at today's open: to add to your position or to liquidate?

As usual before bed, I checked my account; ETH is already at $1,909, just one step away from 1900. The entire market is blood red, BTC at $67,389 dropped 5.2%, SOL $76, XRP $1.22, DOGE $0.095, all down 4-5% across the board. ETH this time fell from $2,009, directly breaking through 1910; the technical outlook is very bleak. If 1900 doesn't hold, the next support is around 1800. Today, ETF funds saw massive outflows, with both sentiment and capital deteriorating simultaneously. The strangest thing is $TRUMP; while the whole market plunged, it actually rose slightly by 0.2%, at $1.98. The market dropped 5 points but it didn’t move—either someone is deliberately supporting it, or retail investors are treating it as a safe haven. Be especially cautious with this kind of "counter-trend coin"—once the market stabilizes, it might be abandoned. Tonight, 1900 is a critical threshold. If ETH breaks it, short-term sentiment will further collapse. Are you still daring to hold overnight tonight?

Lying in bed ready to sleep, habitually opened my account for a glance. $BTC is dropping again, at 67951, pulled down nearly 4000 dollars from today's high of 71800. I checked the 24-hour liquidations across the network, and the screen is full of green arrows, $SOL -2.7%, $XRP -3.7%, $SUI -3.5%, $DOGE -2.8%, almost none are looking good. The only one going against the trend is $TRUMP, around $1.99, up 1% in 24 hours. The whole market is crashing, but this one is sucking in liquidity, quite ironic. From waking up this morning until now, BTC has consecutively broken through the 70k, 69k, and 68k integer levels. Strive just announced an additional purchase of $185 million to 19,000 coins, while Saylor sold for the first time; big money is splitting. Retail investors seeing this market, who can still sleep well? But honestly, after dropping nearly 5%, I'm not that panicked. The worst is a slow decline, cutting you bit by bit every day; this kind of violent drop all at once actually means panic selling is concentrated. Once those who need to sell have sold, it will truly stabilize. No orders tonight, will check again tomorrow morning. Do you guys also have to check the market before sleeping like me? Can't sleep well without a look 😅 $BTC $ETH $TRUMP #CryptoMarket

Lying in bed scrolling through my phone, I glanced at my account and the screen was overwhelmingly green, which was unsettling. BTC went straight up to 68993 tonight, dropping nearly 4% in 24 hours. SOL fell below 79, XRP, SUI, and ADA all turned green across the board, with declines between 2-3%. It’s been a day of declines, sliding down from 72000 since morning, feeling like someone is orderly unloading. But there’s an interesting piece of news. Strive—the company of Vivek Ramaswamy—bought another $185 million worth of BTC today, bringing their total holdings to 19,000 coins. Along with SpaceX’s $1.45 billion BTC holdings, institutions are clearly accumulating in the 68000-70000 range. Retail investors are panic selling, while big players quietly buy in; this scene feels all too familiar. Even more absurd, while the entire market was falling today, $TRUMP actually rose 5.45%, jumping from 1.95 to 2.07. The whole market is bleeding, yet this one is partying—this kind of absurdity is truly unique to the crypto market. So the current situation is clear: short-term sentiment is poor, and if the 68000-69000 level doesn’t hold, the next support to watch is around 65000. But if you’re looking at the mid-to-long term, the institutions’ moves have already given you the answer. Can you still sleep tonight?

Just came across a piece of news and almost thought it was fake news—Saylor, yes, the Michael Saylor who has been shouting "never sell coins" for five years, Strategy has finally announced its first BTC reduction. $BTC is now at $69,232, down more than 4% in 24 hours, with $766 million liquidated across the network today. Honestly, I’m not surprised it dropped below seventy thousand, but Saylor selling coins hits psychologically much harder than the price itself. This guy has been almost synonymous with BTC faith over the past few years, with the company continuously increasing its position, buying through financing, bond issuance, and convertible bonds, steadily raising the holding cost. Now suddenly selling, whether you believe it’s to "optimize the balance sheet" or not, the market interprets one signal: even the most steadfast bulls are reducing their positions. Mt. Gox is also moving, transferring another $739 million worth of BTC, and ETFs have seen net outflows for 10 consecutive trading days totaling $2.97 billion. Multiple pressures combined make a short-term rebound indeed difficult. However, one thing worth noting—$TRUMP rose nearly 3% against the trend today, completely decoupled from the broader market. Divergent market action often means capital is looking for new outlets, which isn’t necessarily all bad. In tonight’s market, do you choose to wait and see for stabilization, or do you think panic at its extreme is actually an opportunity?

Just got home and changed shoes, the first thing I did wasn’t to drink water, but to check the market. The screen was full of green (no, actually full of red), and my heart sank. $BTC dropped below 69,500, down 4.38% in 24 hours, crashing directly from the intraday high of 72,760 by 3,300 dollars. Even worse, almost all major altcoins are following the drop—$SUI fell 4%, $ADA and $XRP dropped about 3.5%, and $SOL couldn’t hold up either, falling below 79. But strangely, there’s only one coin bucking the trend: $TRUMP, at 2.015 dollars, up 2.23% in 24 hours. While the market is bleeding red, it’s dancing alone. This divergence is ridiculous. Normally, when the market drops, altcoins get hit too, but $TRUMP is moving in the opposite direction. Either there’s capital speculating on the political cycle (after all, the CLARITY Act just reached the Senate, signaling major changes in crypto regulation), or it’s purely a meme-driven independent narrative—the more panic in the market, the more speculative funds dive into "concept coins." Another signal: Coinbase executives just publicly said the CLARITY Act could be the crypto industry’s "Dodd-Frank moment." What does that mean? Traditional financial regulatory frameworks will officially cover the crypto market, giving institutional funds a compliant entry path. Plus, CME just launched 24/7 crypto futures today—the traditional finance sector’s embrace of crypto is much faster than retail investors imagine. But institutional entry doesn’t mean retail investors will profit. Institutions have hedging tools, insider info, and unlimited ammo; retail investors only have fear and greed. Today’s sell-off is the usual script: the big players are buying, retail is running. My current position isn’t large, but $TRUMP’s counter-trend move makes me hesitate. If I chase, I’m afraid of a catch-down drop; if I don’t, I’m afraid it really breaks out independently. The hardest part in this market isn’t losing money, it’s not knowing whether to act. How’s your account today? Anyone buying the dip against the trend?

On the way home from work, I came across a message that CME Group officially announced the launch of 24/7 around-the-clock crypto futures and options, and they also added BTC volatility contracts. What does this mean? It means the largest traditional financial derivatives exchange now allows institutional funds to enter and exit the crypto market at any time, day or night. Previously, CME was closed on weekends, so institutions had to wait until Monday to hedge. Now, that window is completely closed. Looking at today's market, $BTC directly fell below 70,000, currently priced at $69,649, down 4.24% in 24 hours. Most altcoins followed suit, with $SUI dropping nearly 4% to $0.85, $ADA down 3.1%, and $XRP down 3%. Only $TRUMP bucked the trend with a slight 2% rise, which is worth noting. Honestly, this move by CME is a double-edged sword for retail investors. On one hand, it shows that the crypto market is truly being fully embraced by traditional finance; on the other hand, it means institutions have a smoother channel for shorting and hedging. Previously, institutions had to consider liquidity when trying to dump the market, but now they can open short positions anytime 24/7. Tonight, it depends on whether the 70,000 integer level can hold. If it doesn't recover, the next support is probably around 68,000. What do you think about CME's 24/7 launch—is it bullish or bearish? Let's discuss in the comments 👇 $BTC $ETH $SUI $ADA #CME #CryptoFutures