#Anthropic files prospectus: officially launches IPO Anthropic has just submitted its S-1 prospectus to the SEC, officially starting the IPO process. Honestly, the timing is quite delicate. Just one day before filing, Anthropic announced the completion of a $65 billion Series H funding round, with a post-money valuation of $965 billion, directly surpassing OpenAI's $852 billion, becoming the highest-valued private AI company globally. Annualized revenue surged from 10 billion at the end of last year to $47 billion. The data looks impressive, but the market reaction is very divided. On one hand, this is the largest IPO ever in the AI sector, and Claude’s commercialization speed is indeed astonishing — annualized revenue has increased 47-fold from 2023 to now. On the other hand, on the very day of the filing, the newly released Opus 4.8 was widely criticized online: its performance is inferior to GPT-5.5, yet it’s more expensive; after enabling thinking mode, each conversation generates 900,000 tokens (the previous generation only 14,000); when asked in Chinese who it is, it answered that it is Qianwen and DeepSeek. Investors buy future growth expectations, not past achievements. When your flagship product fails on the IPO day, the story becomes hard to tell. Interestingly, this IPO might accelerate the capitalization process of the entire AI sector. If Anthropic’s IPO succeeds, who will be next? OpenAI? xAI? For the crypto market, the AI+Crypto narrative has always been a hot sector. Tokens like $FET, $RNDR, and $TAO have recently been following AI sentiment. If Anthropic’s IPO goes smoothly, it could further boost the valuation logic of the entire AI sector. But the problem is also very real: a $965 billion valuation corresponds to $47 billion in annual revenue and still operating at a loss. This multiple is even crazier than the internet bubble back then. What do you think about Anthropic’s IPO? Is it a milestone of the AI era or the peak of a bubble?

Lying in bed, habitually opening my account, BTC is at $60,770, down 5% in 24 hours, dropping more than three thousand dollars straight from the daily high of $64,168. $60,770. Just over seven hundred dollars away from breaking $60K. If this key round number is smashed tonight, weekend sentiment will most likely collapse. Altcoins are even worse: ETH dropped 10% to $1,594, SOL fell 7.6% to $64.56, and XRP couldn’t hold either, down 6% to $1.10. It’s been falling all day from morning to night; ADA, SUI, and NEAR have all been bloodied in a round of sell-offs, and now even BTC, the last line of defense, is barely holding. Today’s non-farm payroll data came in at 172,000, far exceeding expectations, delivering another blow to the Fed rate cut expectations. This bearish news hasn’t been fully digested tonight, and with institutions off over the weekend, no one is there to support the market. It only took one day to fall from $64K to $60K. If $60K breaks too, what will happen over the 48 hours of the weekend? The more I think about it, the harder it is to sleep. Are you choosing to cut losses and sleep tonight, or close your eyes and hold on until Monday?

Lying in bed ready to turn off my phone, I habitually checked the market — $BTC $60,362. It dropped from $64,400 during the day, down 5.74% in 24 hours. All day Friday, BTC held above $62K, the only green light while altcoins were getting slaughtered. In the afternoon, I even told a friend, "At least BTC didn’t crash, it should hold steady over the weekend." But in the evening, it couldn’t hold up either. $ETH dropped 9.88% to $1,602, $SOL around $65 down 7%, $XRP, which fell less than 1% during the day, is now down 5.6%, and $DOGE dropped 7% back to $0.083. The so-called "survivors" during the day all fell, not a single one left. Friday saw a sell-off from morning to night, altcoins were crushed in the morning session, and BTC was sold off in the late session. The negative impact of the non-farm payroll data is still unfolding, rate cut expectations are further suppressed, and market sentiment has completely collapsed. $60K is a key psychological level; if it doesn’t hold tonight, there’s likely more downside over the weekend. I checked before sleeping, and now I can’t sleep at all. Are you still daring to hold positions over the weekend tonight?

Tossing and turning in bed, unable to sleep, even with my phone screen brightness turned to the lowest, still staring at the market. BTC $60,867, intraday high $64,488, a pullback of over $3,600 in one day, nearly a 5% drop. When altcoins crashed across the board before, BTC was still holding up, but now it finally can't withstand it anymore. From the chart perspective, $60,000 is the most critical round number and psychological support right now. The lowest point today already touched $60,816, just one step away from sixty thousand. If this level doesn't hold, the next dense trading zone below is $58,000-$59,000, and further down is $55,000. The direct trigger for tonight's sharp drop is the non-farm payroll data. 172,000 new jobs far exceeded expectations, extinguishing market hopes for a Fed rate cut again. Strong employment = strong dollar = pressure on risk assets; this logic chain was perfectly demonstrated tonight. BTC, as the leader of risk assets, took the brunt first. Looking at ETH, $1,617, down 9.3%, much worse than BTC. ADA -15%, TON -14.5%, NEAR -14.8%, the altcoin sector is no longer just crashing, it's a systemic stampede. When BTC drops 5%, altcoins drop 15%; the multiplier effect of leveraged liquidations is vividly reflected in this market move. I tend to define this as a double blow of macro bearishness plus leveraged liquidation. The non-farm data is the fuse, but the long leverage piled up in the market is the real powder keg. What’s most worth watching now is whether BTC can hold $60,000. If it holds, there might be a technical rebound over the weekend; if it doesn't, the depth of this correction may need to be reassessed. What do you think, can sixty thousand hold? Or is this wave going to test fifty-eight thousand?

Just got home and collapsed on the sofa to check my accounts, $ETH -6%, $ADA -14%, $AVAX -7.7%, the screen is so green I thought my phone had eye protection mode on. Non-farm payrolls came in at 172,000, far exceeding expectations, crushing rate cut hopes. The entire crypto market experienced its worst week since July 2024, with altcoins bleeding heavily. Seeing ADA drop 14% in one day is something I last saw back in the Luna days. But I just came across some news that made me pause: BTC spot ETF saw a net inflow of $3.05 million yesterday, ending an epic 13-day, $4.4 billion cumulative outflow. ETH ETF also ended 17 consecutive days of bleeding. Although $3 million is just a drop compared to $4.4 billion, the sudden halt in large outflows somewhat indicates that panic selling might be nearing its end. Even more interesting, JPMorgan, Bank of America, and Citi announced today they will launch a shared tokenization network next year, directly challenging stablecoins. Retail investors are cutting losses while Wall Street is building positions. Does this script feel a bit familiar? Honestly, seeing this market on Friday night already made me numb. Now I just want to know, is this wave forming a bottom or will it keep crashing over the weekend? Are you guys still daring to open positions tonight? $BTC $ETH $AVAX

#Nonfarm Payrolls Released: Employment Increased by 172,000, Far Exceeding Expectations My phone vibrated, and I thought the food delivery had arrived, but it was a financial alert: Nonfarm employment up by 172,000, far surpassing expectations. I immediately sat up from the couch. This is the biggest bearish news tonight. With employment data this strong, expectations for a Fed rate cut are pushed further back. The dollar strengthens, risk assets all take a hit, and the crypto market is the first to suffer. Altcoins were already bleeding heavily today—ADA plunged 16%, SUI dropped 11%, ETH fell 7%—and now the nonfarm data delivers another heavy blow. The weekend is likely to be even tougher. BTC is currently at $61897, down just over 3%. Honestly, BTC held up relatively well today; the altcoins are the real victims. But with the nonfarm data out, next week's opening will likely face continued pressure. The Fed keeps saying "we'll watch the data," and now the data is telling you: don't expect rate cuts, at least not in the short term. The worst part is the timing tonight. It's Friday night, US markets have closed, but the crypto market runs 24/7, and you can only watch the numbers drop helplessly. Selling now risks missing a rebound, holding on risks further declines—this is the most tormenting. But looking at it from another angle, after all the bad news, good news follows. Strong nonfarm data means the economy isn't that bad, which might not be a bad thing in the long run. The key is whether you can hold through this short-term hit. Can you still sleep tonight? How are you planning to handle your positions?

Just got home, hadn’t even put my bag down before I couldn’t resist checking my OKX account on Friday night. $BTC is still holding at 62150, down less than 2%, seemingly calm on the surface. But a quick glance down shows the entire altcoin sector suffocating—$ETH dropped to 1661, -5.9%, $SOL back to 65, -5.1%, $AVAX down a full -9.2%. The meme sector is even more brutal. $TRUMP fell to 1.66, -8.4%, $PEPE -7.5%, and $DOGE couldn’t hold up either, down 6%. The whole altcoin market is bleeding heavily, with only BTC standing at the ICU door pretending it’s not involved. This script isn’t unfamiliar. BTC holding strong while alts crash—every time funds are fleeing altcoins back into BTC. The phase where BTC dominance quietly rises is the hardest for retail investors—the coins in hand are dropping, but they’re afraid to switch to BTC, fearing a rebound right after switching. Liquidity on Friday night was already poor, and it’s likely to continue grinding over the weekend. Whether to catch a falling knife now or wait until Monday to see, everyone has a different answer. I’ll brew some tea to calm down and decide over the weekend. Are you still brave enough to check your account tonight? $ETH $SOL $BTC

On Friday night, I sat down to grab a quick bite and casually opened the market quotes, only to see the screen so green I thought my phone had switched to eye protection mode. NEAR dropped 13.7% to $2.04, INJ plummeted 17% to $4.9, and ZEC crashed from $553 straight down to $315, evaporating 41% in one day. BTC held steady at $62,476 without much movement, but basically no altcoin sector was holding up. Then I scrolled to WLD and was stunned—it bucked the trend, rising 10% to $0.54. Today, all AI concept coins are crashing along with the broader market; FET fell 13% in the morning, and INJ kept dropping into the night. Yet Worldcoin, Sam Altman’s project, became the only green light in the AI sector. Honestly, this contrast is a bit glaring—when the whole market is collapsing, those daring to go against the trend either have something real going on or represent the last bullish candle. Today’s altcoin bloodbath isn’t an isolated incident; NEAR, INJ, SUI, ADA all suffered double-digit declines, basically an indiscriminate slaughter. The BTC-only green market is something veteran traders recognize—this usually signals capital flowing back from altcoins to BTC, and there might be a second wave coming. The biggest dilemma now is whether to cut losses and sell in this market or take a gamble on a rebound?

Scrolling through my phone during lunch break, I glanced at the exchange and was stunned. A full-scale crash. $SUI plummeted from $0.82 straight down to $0.74, dropping nearly 9% intraday. $HYPE fell 12.97%, $FET dropped 17.26%, $ADA also crashed nearly 18%, and $WIF fell 10.62%. Just a moment ago, I was thinking it’s Friday and hoping for a good mood over the weekend. Now it’s all ruined—the entire altcoin market seems to have collectively dived as if on cue, and all the coins in my wallet are bleeding. When I bought them, everyone was hyping them up—king of public chains, new AI leader, meme rising star—but now it’s just a scene of retail investors getting slaughtered. Doing this on a Friday afternoon really makes retail investors suffer through the weekend with wounds. I looked at my positions and I’m already too down to even talk. Now I’m facing a dilemma: cut losses and accept the loss, or hold on until Monday to see if there’s a rebound? Historically, there have been cases where after a Friday crash, the weekend continued to slide, but the pain of cutting losses only to see a rebound afterward is still fresh in memory. How much did you lose today? Cut or hold?

After finishing the morning meeting, I slipped into the pantry to make some coffee, casually swiped my phone to check the market, and wow, the screen was full of green—no, green to the point of turning red. BTC is stuck around 62700, down less than 1%, like a giant Buddha sitting there watching the world endure its tribulations. But if you scroll down, SOL at $67.91 dropped nearly 2.4%, XRP at $1.14 broke below 1.15, HYPE crashed from $75 to around $65, down over 10% intraday. The entire altcoin sector looks like it’s been unplugged. The most outrageous is $TRUMP, which was at 1.91 in the early morning and now at 1.78, down almost 4% in a day. How much has this coin dropped from its high? I don’t even dare to calculate, afraid I might spit out my coffee. Honestly, today’s market actually makes people calm. BTC stands alone, altcoins are wiped out, and it’s clear where the funds are flowing. As long as this short-term divergence pattern doesn’t change, don’t even think about bottom-fishing altcoins; just survive first. By the way, it’s Friday—are you planning to hold your positions over the weekend or run for safety first?

💥🔥 The first thing I do when I get to the office isn't clocking in, it's opening OKX to check my account. As a result, FET immediately showed me a -13.5% drop, and the entire AI sector collapsed. $FET is at $0.212. Yesterday I thought I was bottom-fishing for a bargain, but today I got buried. I glanced at the leaderboard, and only $BTC is the lone green shoot, slightly up 1% at $63,460. The rest are all bleeding—$ADA dropped 10%, $WIF nearly 8%, $TRUMP 4.5%, and $OP 4.4%. This market is a classic BTC siphon effect, where BTC sucks the blood out and altcoins are bleeding across the board. All funds are rushing to BTC, and small coins don't even have the strength to struggle. Honestly, the AI sector's sell-off this time is pretty brutal. FET has retraced from its high down to the ankle level and still hasn't stopped. The AI narrative was so hot before, but now it's a mess, and retail investors are left doubting their life choices after catching the falling knife. I tend to define this as a panic liquidation. After the short-term emotional sell-off, let's see if funds flow back. But if you really want to bottom-fish at this level, be prepared for another potential halving. How's your account today? Did the AI sector cut you too?