AI giants make a rare joint call to slow frontier R&D; Anthropic reportedly in talks for a $100 billion IPO and a $10 billion Nvidia investment; crypto market trades in a narrow range, with Bitcoin at $77,272.39.
Last 24 Hours
Crypto Market
- Bitcoin last traded at $77,272.39, up 0.01% over 24 hours; Ethereum was at $2,525.80, up 0.44%. Major coins moved in a narrow range overall: SOL at $101.65, down 0.55%; BNB at $727.52, down 0.08%; XRP at $1.3668, up 0.57%; DOGE at $0.08482, up 0.58%.
- Jack McDonald, head of stablecoins at Ripple, said the $2.4 billion RLUSD is targeting the $13 trillion corporate treasury management market and plans to enter Europe under the MiCA framework, with payments and capital markets as the main growth drivers.
- Bitcoin Suisse plans to cut up to half of its Swiss local positions, close its Copenhagen IT site, retain Bratislava and open a new hub in Vietnam to reduce costs. The firm also believes that rising AI investment, growing government debt and weakening stock-bond diversification are strengthening the case for allocating Bitcoin in traditional portfolios.
Artificial Intelligence and Technology
- Anthropic CEO Dario Amodei, OpenAI's Sam Altman and Musk rarely agreed: as frontier systems begin to have the ability to help build their own successors, AI R&D may need to slow down. Altman also said that given progress on safety, OpenAI will not launch an IPO this year.
- Reuters reported that Anthropic is in talks with Nvidia for an investment of up to $10 billion. Its IPO is planned to raise as much as $100 billion, with a valuation potentially reaching about $2 trillion. If completed, it would be the largest IPO in history, showing that compute capital and model companies are becoming deeply tied.
Politics and Regulation
- Nigel Farage's Reform UK received a total of $97 million in donations from two crypto billionaires within 24 hours. BitMEX co-founder Ben Delo donated nearly $50 million, and Christopher Harborne followed with an equal amount the next day. The combined scale matches the largest single political donation in UK history, significantly raising the crypto industry's financial influence on British politics.
- Revolut leaked customer Bitcoin activity, passports, selfies and address information after mistakenly trusting a forged government request, though customer funds were not lost. The incident highlights operational risks at digital banks in compliant identity verification and information request processes.
- A report pointed out that North Korea is using remote IT personnel in third countries such as Iran and Lebanon to enter US companies through interviews, after which North Korean operators take over the positions. Identity review loopholes in corporate remote hiring are being systematically exploited.
Macro Finance
- The Wall Street Journal reported that investors have largely concluded the Federal Reserve will raise rates next week for the first time in three years, with market expectations rising for at least three cumulative hikes by June next year. Former Vice Chair Clarida said that if rates are raised next week, more actions are likely to follow.
- US August CPI rose 3.4% year over year, while wages grew only 3.1%. Inflation again outpaced wage growth, pressuring households' real purchasing power.
- The 30-year mortgage rate rose for a second consecutive day, and the highest annualized rate on an 18-month CD can reach 4.35%. The high-rate environment continues to affect household asset allocation.
Market Read
Over the past 24 hours, the market's main storyline was not price but narrative: the AI camp showed a rare consensus on "self-slowing," while Anthropic's talks with Nvidia for a $10 billion investment and its plan to raise up to $100 billion pushed the compute-model-capital triangle to a new level. OpenAI's clear decision not to IPO this year shows that leading AI companies would rather stay private longer on safety issues. On the macro side, the market has largely priced in the Fed starting its first rate hike in three years next week and expects at least three cumulative hikes by mid-next year. Combined with August CPI at 3.4% year over year again exceeding wage growth of 3.1%, both real rates and household purchasing power are under pressure. Asset prices reacted modestly: Bitcoin at $77,272.39, up 0.01% over 24 hours; Ethereum at $2,525.80, up 0.44%; gold token XAUT at $4,350.50, down 0.01%; PAXG at $4,356.29, down 0.05%, suggesting funds prefer to wait and see before the key policy meeting.
The crypto market continued its low-volatility pattern. Bitcoin at $77,272.39 was nearly flat, Ethereum at $2,525.80 edged higher, SOL at $101.65 and BNB at $727.52 weakened, while XRP at $1.3668 and DOGE at $0.08482 rose slightly. Divergence among major coins was limited. What is truly worth watching is structural change in the industry: Ripple's RLUSD, at $2.4 billion, is targeting the $13 trillion corporate treasury management market and plans to enter Europe via MiCA, as stablecoins shift from trading tools to corporate cash management infrastructure. Bitcoin Suisse is cutting up to half of its Swiss positions and moving work to Bratislava and Vietnam, while arguing for including Bitcoin in traditional portfolios amid rising AI investment, swelling government debt and weakening stock-bond diversification. This reflects the industry's tug-of-war between cost pressure and institutional narrative. Revolut leaking customer Bitcoin activity and passport information due to a forged government request is another reminder of operational risks in custody and compliance.
Gold token XAUT was at $4,350.50, down 0.01% over 24 hours, and PAXG was at $4,356.29, down 0.05%, overall consolidating in a narrow range at high levels (data comes from gold tokens XAUT and PAXG, not London gold or COMEX futures quotes). The current macro mix is neither friendly nor hostile to gold: on one hand, the market expects the Fed to start its first rate hike in three years next week, with at least three cumulative hikes by June next year, and rising nominal rates increase the opportunity cost of holding gold; on the other hand, August CPI at 3.4% year over year remains above wage growth of 3.1%, and sticky inflation makes it difficult for real rates to fall quickly, providing bottom support for gold prices. Bitcoin Suisse's argument for using Bitcoin to replace part of bonds also essentially reflects investors' demand for non-sovereign, non-credit assets amid heavy AI positioning, expanding government debt and rising stock-bond correlation. Gold tokens and Bitcoin occupy a similar observational position in this narrative.
Market Snapshot
- BTC $77,272.39 (24h +0.01%)
- ETH $2,525.80 (24h +0.44%)
- SOL $101.65 (24h -0.55%)
- BNB $727.52 (24h -0.08%)
- XRP $1.37 (24h +0.57%)
- DOGE $0.084820 (24h +0.58%)
- XAUT $4,350.50 (24h -0.01%)
- PAXG $4,356.29 (24h -0.05%)
On the Radar
- Officials' remarks before the Fed's policy meeting next week and changes in market rate-hike expectations will directly affect the dollar and real rates.
- Anthropic's $10 billion investment talks with Nvidia and IPO progress may reshape the valuation anchor for AI and compute sectors.
- After Reform UK received $97 million in crypto donations, the subsequent interaction between UK political funding and crypto regulation is worth tracking.
- The investigation into the Revolut data breach and its explanation of customer asset safety may push digital banks to tighten compliance processes.
This briefing is generated automatically from public sources for reference only and is not investment advice. Markets carry risk; make your own decisions.
