Headlines

VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more

Many investors stand to win big when Anthropic goes public. Stakes held by firms including Menlo Ventures, Sequoia, Sound Ventures, and Spark Capital are expected to return billions. Yet according to Anthropic’s S-1, none of those VC firms owns 5%, the threshold for being included in the principal stockholders’ table. That’s highly unusual. In a…

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Polymarket faces renewed CFTC scrutiny over 2022 settlement

Polymarket has faced renewed CFTC scrutiny over whether it honored the U.S. access restrictions tied to its $1.4 million settlement in 2022, according to Reuters. Summary Regulators are examining whether Polymarket sufficiently restricted American access to its offshore prediction market. The reported review includes advertising, location controls and safeguards on the separate U.S. platform. Federal…

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2029 Now the Leading Target Date

Korea first set the 22% income levy in 2020 and has suspended it three times since, with January 2027 as the current scheduled start date. South Korea is likely to postpone its crypto income tax for a fourth time, as Newsis reported on October 26, after an official from the presidential office, also known…

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Bitcoin Eyes $125K as Galaxy Says Bear Market Has Ended

Key Takeaways Galaxy identified favorable conditions for bitcoin to retake $125,000. The firm concluded that bitcoin’s bear market ended in June. Galaxy linked the accumulation phase to patterns preceding past advances. Galaxy Sees Favorable Setup for $125K Bitcoin Bitcoin had a favorable setup for retaking $125,000, Galaxy argued in research published Oct. 26 after it…

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