Bitcoin Drops Below $83,000

Beating AI News Flash: Anthropic Expands Claude Startups Support Program. Under the old rules, early-stage startups could join the program, but to access API credits and additional benefits, they were required to have secured institutional equity investment. Now, companies either less than 5 years old or that have raised funding in the past two years are eligible to apply. Anthropic explicitly states that self-funded, pre-seed, and venture-backed startups are all included. Approved companies get 1 year of free Claude Team access, with up to 5 Premium seats. Each company also receives $1,000 in Claude API credits, valid for 6 months. The free Team access is only for companies that have not previously subscribed to Claude Team. Anthropic also launched the Claude Startup Stack, where partners including Linear, Lovable, ElevenLabs, Granola, and Hex offer discounts and credits, with a total stated value of up to $45,000. Program members can also book one-on-one technical Q&As with Anthropic’s Applied AI team, plus support for building Claude Marketplace connectors and plugins, and assistance with submission reviews. There is an easily overlooked provision in the terms of these additional benefits: If startups disclose confidential information such as product architecture during consultations with Anthropic’s Applied AI team, Anthropic may continue to use general ideas, experience, and technical knowledge its employees retain from memory. The terms also clarify that Anthropic is not restricted from independently developing similar or competing technologies, but it may not directly disclose the confidential information, nor does it obtain related patent or copyright licenses.

Santiment released data this morning showing that on Monday, Bitcoin’s net outflow from centralized exchanges (CEXs) reached 24,073 BTC, marking the largest single-day outflow since March 1. CEX Bitcoin supply has fallen to approximately 6.50% of the total BTC supply. Santiment notes that large-scale outflows are typically a bullish signal, as assets leaving CEXs become less readily available for immediate selling. If demand remains strong while circulating supply shrinks, buyers will have fewer coins to absorb, which will push prices higher.

Arthur Hayes announced at Token2049 that the Flop testnet will launch this October, with a 90-day run period, and the mainnet is scheduled to go live in Q1 2027. Users who participate in testnet mining will receive token airdrops.

Insight (Beating AI Express) News: Anthropic has integrated Claude directly into Google Docs, Sheets, and Slides. The new Claude for Google Workspace is now available in open beta for all paid plans. Once installed, Claude appears on the right side of documents, able to read the current file and user-selected content, and edit directly within the original file. All three apps support hands-on operations: Docs can rewrite and reorder documents; Sheets can write formulas, create pivot tables and native charts, and even clean data with Python before writing back to the spreadsheet; Slides can generate new pages using existing templates, and check for issues such as overlapping elements and text overflow. By default, all modifications require user confirmation, though users can opt for continuous execution. Anthropic has also launched new connectors for Docs, Sheets, and Slides. Users can also create or edit Google files directly from Claude’s chat interface by pasting a file link to operate. Previously, Claude’s Google Workspace integration was primarily used to search Gmail, Calendar, and Drive content; this update marks the first time its capabilities have expanded from "reading materials" to "direct file editing". There are still some limitations: the Workspace sidebar can only operate on the currently open file by default, and cannot handle Docs comments or existing suggestions; tasks in progress will stop if the sidebar is closed. The entire feature remains in Beta.

According to the Financial Times, robust AI spending signals another strong earnings season for the U.S., with investors poised to benefit. Goldman Sachs projects that S&P 500 constituent companies, driven by firms at the core of the artificial intelligence (AI) infrastructure boom, will see their earnings rise 27% year-over-year in the September quarter.

Bridgewater Associates founder Ray Dalio warned that, due to rising interest rates and the need to liquidate wealth, artificial intelligence is a "classic bubble" approaching its breaking point.