Anthropic, OpenAI tokens plunge as AI firms say pre-IPO share transfers are invalid
Tokens on Solana that claim to track the private-market valuations of Anthropic and OpenAI dropped sharply this week after both AI companies warned that the structures used to back the tokens may be invalid....
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Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions
Ledger, the French hardware wallet provider, paused its $4 billion U.S. IPO plans citing unfavorable market conditions. The firm had engaged Goldman Sachs, Jefferies, and Barclays for the offering but hasn't filed formally with the SEC. Weak crypto token prices and volatile equity markets are dampening investor appetite for digital-asset listings, following BitGo's underperforming 2026 debut.
The 2020 signal returns: Why the copper-to-gold breakout could point to bitcoin breakout
The copper-to-gold ratio has broken above its 200-day moving average for the first time since September 2020, a historical signal preceding major bitcoin rallies. The ratio, currently at 0.00142, typically leads bitcoin by weeks to months, suggesting the current crypto bull run may still be early. Copper's strength signals rising risk appetite and economic momentum, potentially pointing to sustained bitcoin gains ahead.