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FTX Considers Anthropic Sale, Perpetual Exchange Avantis Launches on Base

Feb 5, 2024
Author
Tom Couture
Tom Couture AC
Market Update The SPY (-0.44%) and QQQ (-0.40%) are moving lower to start the week following ISM Services data coming in at 53.4 vs. 52.0 expected, marking the highest level since October. The prices paid component surged to 64.0 vs 56.4 expected, causing rates and the DXY (+0.52%) to move higher. $BTC and $ETH pared early morning gains and are roughly flat on the day, trading at $42.5k and $2.3k respectively. Chainlink ($LINK) is continuing last week’s strength, rising 5.72% to $19.2 and reaching its highest level since February 2022. In contrast, $RNDR is one of the worst performers in the top-100, falling 8.11% over the last 24 hours despite being one of the strongest tokens last week.The FTX bankruptcy estate has filed a motion that would enable the exchange to sell its approximate 8% stake in Anthropic, an AI company. Sam Bankman Fried invested $500 million in Anthropic in October 2021, which represents one of FTX’s largest illiquid assets. The filing outlines how the Anthropic investment could be sold via auction or private sale, but the desired price was redacted from the filing for confidentiality reasons. Anthropic’s latest reported valuation was $18 billion, making FTX’s investment worth approximately $1.4 billion. The potential sale may give creditors and cu

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