Tether releases the 800-million-parameter edge-side model BotPsy, claiming its tool-calling performance outperforms models 2.5 times its scale.

On Trade.xyz, Anthropic’s IPO pre-market perpetual contract (xyz:ANT) has surged over 10% in nearly six hours, currently quoted at around $106.7, with a 24-hour gain exceeding 8.6%. The contract trades at a roughly 37% premium to the upper end of the company’s newly announced IPO price range of $70–$78, corresponding to an implied listed valuation of approximately $1.4 trillion and a fully diluted valuation of around $1.92 trillion. Earlier market reports noted that Anthropic’s blockbuster IPO was oversubscribed several times. Yesterday, Anthropic officials stated the company aimed for a $1 trillion valuation in its IPO, and was seeking a fully diluted valuation of $1.4 trillion. Anthropic expects to set its IPO price next Wednesday, with trading set to begin the following Thursday. The Anthropic IPO pre-market perpetual contract on Trade.xyz references one Class A common share of Anthropic, PBC (Nasdaq ticker: ANT), and operates in the pre-listing market, reflecting the market’s assessment of its expected share price. Trade.xyz added that once Anthropic officially goes public, the contract will convert into a standard XYZ perpetual contract.

UK AI cloud service provider and data center developer Nscale, backed by Nvidia, is considering delaying its planned initial public offering (IPO) with an approximate valuation of $35 billion, as management evaluates whether to push the timeline to next year. Nscale has not yet made a decision on the matter and did not immediately respond to a request for comment. The company originally planned to list on the New York Stock Exchange under the ticker symbol NSCL, and had been preparing to go public as soon as possible. Headquartered in London, Nscale filed for an IPO in September this year, targeting to raise around $3.5 billion at the time, including $2 billion from Nvidia. Just days ago, Microsoft declined to exercise its option to expand its existing agreement for computing power rental at Nscale’s Texas data centers.

According to on-chain analyst Ai Yi (@ai_9684xtpa), F2Pool co-founder Wang Chun withdrew 3,996 ETH worth $8.23 million four hours ago, then staked the ETH on Lido and deposited the wstETH into the Spark protocol.

AI sales company Rox has closed a $100 million Series B funding round, lifting its valuation to $1.3 billion. The round was co-led by General Catalyst and March Capital, with follow-on investments from Sequoia and GV, and new participation from Prosperity7. Rox develops AI agents for sales use cases, designed to research customer accounts, identify priority leads, and prepare outreach content. The firm aims to reduce sales teams’ administrative work, shifting customer relationship management (CRM) from passive information storage to actionable execution. Co-founder Ishan Mukherjee previously founded Pixie Labs, which was acquired by New Relic, and served as its chief growth officer. The founding team also includes Shriram Sridharan, a founding member of AWS Amazon Aurora, former Google employee Diogo Ribeiro, and Stanford AI Lab professor Christopher Ré. Early clients include Ramp, New Relic, Trafigura, MongoDB, and Groq. The company noted that its annual recurring revenue (ARR) has grown more than tenfold in its first year since launch. Proceeds from the round will be allocated to AI research and product development, with plans to expand its U.S. sales, marketing, and business teams fivefold next year.

1confirmation founder Nick Tomaino published a post stating that his firm has participated in every previous financing round of Polymarket and will continue to increase its investment in the platform. Tomaino noted that as a seed-stage fund, 1confirmation does not typically invest in later-stage rounds, but this time it chose to break its own rule. His reasoning includes: People have used real money to voice their stances on political, cultural and other issues for over a century. In the AI era, the biggest challenge facing young people is discerning what is real. Products that can turn trading and investment enthusiasm into better information and more truth are unique. Polymarket is far more than a sports prediction platform, nor merely a global product. While the U.S. market currently has high enthusiasm for sports events, better sports predictions are not the most sustainable part of the prediction market; political, geopolitical and cultural information and truth are the core reason for its existence. Most young people who have interacted in real life believe Polymarket stands alone in this regard. Tomaino also stated that the “token is dead” narrative is unfounded. Polymarket founder Shayne Coplan has an extremely strong competitive drive, and is straightforward, transparent and authentic.

According to market sources, Anthropic’s blockbuster IPO is reported to have been oversubscribed several times over. Yesterday, Anthropic officials announced that the company plans to reach a valuation of around $1 trillion in its IPO, and is targeting a fully diluted valuation of $1.4 trillion for the offering. The company is expected to set its IPO price next Wednesday, with trading set to commence the following Thursday.