FTX Selling Two-Thirds of Anthropic Stake for $884 Million, SWIFT Announces Phase 2 Results of Tokenization Experiments

Mar 26, 2024
Market Update U.S. equities are rising in Tuesday trading, with the SPY and QQQ both gaining approximately 0.21%. U.S. durable goods orders rose 1.4% in February, bouncing back after dropping 6.1% in January. The DXY (+0.04%) is flat on the day but remains above $104, while rates are showing modest gains across the curve. Crypto markets are showing slight declines, with $BTC (-0.22%) trading at $69.7k and $ETH (-0.72%) holding above $3,550. It was revealed yesterday that the SEC will seek $2 billion in fines and penalties from Ripple Labs as part of their recent lawsuit. Ripple executive management took to Twitter, addressing the lack of precedent or merit to the SEC’s requests and saying that Ripple would respond with complete trust that the courts would “approach the remedies phase fairly.” $XRP (-1.03%) has not overreacted to the news and remains above $0.63.The FTX bankruptcy estate has agreed to sell approximately two-thirds of its Anthropic stake. Anthropic is an artificial intelligence startup with prominent backers like Amazon and Google. Amazon stated it would invest up to $4 billion in Anthropic, while Google agreed to invest over $2 billion in October. FTX made a $500 million investment in Anthropic in 2021, representing about 7.8% of the company. As of late 2

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The crypto market declined overnight, with BTC -1.07% dropping from $63k to $61k, SOL 0.06% from $150 to $145, and ETH -0.63% dipping below the $3k mark once again. The likely cause of the drawdown was upward pressure on the DXY 0.00% and a lack of follow-through in flows. Among the few outperformers of the day were RUNE 6.46% , the native token of the cross-chain swapping protocol Thorchain, and Ethereum Classic (ETC -2.54% ), possibly driven by...

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