BlockBeats news, August 25: According to official announcements, Entropy has completed a $14 million funding round led by Ribbit Capital, with an additional $40 million in HYPE staking support, to build enhanced and new markets. Its first Anthropic pre-IPO market is now live on Hyperliquid.
Entropy is a HIP-3 market deployer. Entropy enables perpetual futures trading on global equities, commodities, and indices, as well as novel products such as long-dated pre-IPO equity.
The Entropy team consists of researchers and traders from Citadel Securities, Optiver, Polymarket, and Millennium, focused on advancing a vision for capital markets: enabling 24/7 trading of all assets in a single venue with deep liquidity. The company is building new trading primitives to address key pain points, with its first innovation being a liquidity-weighted oracle that adjusts the confidence level of external oracle prices based on market-executable depth, enabling price discovery to occur directly on the order book.