Here it is! Aussie users, here’s your chance to participate in Anthropic’s @AnthropicAI IPO! Anthropic’s IPO will include a separate allocation for Australian retail investors, filed under the Australian Securities and Investments Commission (ASIC) prospectus. CommSec is leading the retail offering, with eight brokers including Macquarie, Stake, Sharesies, and Bell Potter eligible to accept applications. The shares will list exclusively on Nasdaq under the ticker ANT. CommSec requires an international stock account—applications will open as soon as the Australian prospectus is released. During the last $SPCX IPO, the crypto community was left disappointed, yet CommSec’s allocation had a roughly 40% success rate. The offering price was $135, peaking at $225.60—a potential maximum profit of 67%. Wait for Anthropic’s valuation to be announced, then jump in! 🫡

All the services related to daily life were arranged by CodeX @OpenAI, so he knows me inside and out. I’m completely broken—I feel like I’ve mastered the true teachings of Sun Xue: before buying anything, I always do my research. Especially after Australia got FSD support, I’ve been eyeing a Tesla for fishing trips. “You’re not cheap—you simply can’t tolerate capitalism getting away with one free ride.” “While others FOMO into a project, you first verify every access channel online, then FOMO with precision.” “At the end of the day, you’re the kind of man who lives life like a ‘Confirm’ dialog box: money can be spent, but specs can’t be compromised; discounts can’t be missed; you don’t want to manage the details, but every single one of them *must* be perfect.” I’m the ultimate good man!? 🥹

This is the crypto world— The CMC Fear & Greed Index can swing from extreme greed to panic in just one month, and a single negative event can turn a bull market into a bear market. Take profits and exit at extreme greed, buy the dip at extreme fear— the logic is so smooth. But today’s 36 isn’t quite extreme fear yet, and I don’t think the hacker theft news will be absorbed in just a week. When that day comes… will you dare to buy? 🤔 https://t.co/k8ck6uP4RC

Zhong, you really are something. According to Bloomberg, a party discipline document passed at the Fifth Plenum specifically calls for stricter investigations into bribery and corruption involving cryptocurrencies. Crypto trading has long been banned domestically, yet the scale of bribery involving crypto is so widespread that it had to be explicitly mentioned in the document— indicating that many have been secretly accepting BTC or USDT. No wonder people on Zhihu used to ask: “Can’t corrupt officials just accept BTC as bribes?” 🤪 https://t.co/6NN1a76ilu

That’s really scary! I don’t have the ChiNext Index, but I definitely own Intel! $INTC 🤣 https://t.co/wvnAdbiElw

What’s going on with U.S. stocks? Isn’t this supposed to be value investing? Even Nasdaq is under attack? Never thought I’d see a -26% intraday drop and Intel ($INTC) halving in just one month. Fun fact: Even solid U.S. stocks can crash as hard as altcoins. https://t.co/PAz8hiANuK

Chinese investors wake up and begin panicking, dumping their holdings. Earlier, Jenney talked for so long about $75K, but没想到 it’s being crushed by a theft-related negative rumor, about to hit. Life is unpredictable, one mess after another— no one knows what flavor the next chocolate in crypto will be. https://t.co/cjels6ufGx

Amaterasu, I’ve seen this price of $BTC so many times before? Glassnode data shows that long-term holders have an average cost basis of $85K to $118K for approximately 4 million $BTC, mostly bought at the 2025 highs—more than half of these long-term positions are still underwater. Meanwhile, short-term holders’ average cost basis sits between $77K and $64K. Historically, to break out, BTC needs to hold steady above $85K for several consecutive days—otherwise, it’s still best to keep your head down and drink water~

Don’t go, folks—good news is here! Bloomberg says Marvell is in advanced negotiations to acquire Lumentum, with an announcement possibly as soon as next week. After the news broke, Lumentum’s stock ($LITE) surged as much as 17% in after-hours trading, while Marvell’s stock ($MRVL) dropped 7%. Why? As AI data centers keep growing, the bottleneck has shifted from GPUs to how to connect servers within racks—and Lumentum specializes in lasers and optical components. By acquiring Lumentum, Marvell would secure control over the optical interconnect supply chain. But Lumentum’s market cap is around $83 billion, while Marvell’s is just over $220 billion—so this deal would likely involve issuing stock. Marvell, can you digest such a big bite?

With many public chains fading away recently, I increasingly feel that the competition among public chains has shifted direction. A couple of years ago, the focus was on who issued the most tokens, had the highest TVL, or generated the biggest trading volumes. Now, the competition is about who can bring in the most real money. In my view, AI, payments, and RWA are essentially the three main pillars of the next phase. I’ve written quite a bit about RWA this year—listing equities on-chain, treasury funds, gold tokens. In essence, it’s about taking existing assets and putting them into a blockchain wrapper. It’s convenient to buy and transfer quickly, but has anything changed about how money is lent out or to whom? Not at all. What I’m more interested in is another path: directly bringing real business financing needs onto the chain—things like accounts receivable, supply chain financing, or working capital for e-commerce merchants. These rely on actual transaction volumes and whether the money can actually be collected; storytelling alone won’t cut it. @DowProtocol, which I’ve discussed before, is one example along this path: Sellers on Amazon and Walmart have already shipped their goods, but the platforms take 14 to 28 days to settle payments—yet advertising, logistics, and the next inventory order require cash every day. Dow assesses sellers based on their real transaction history on the platform, collateralizing the payment owed by the platform. A vault on-chain provides funding, and the platform repays directly—merchants never touch that money. Vaults are now live on BNB Chain’s Lista and Sui’s Volo, with institutional vaults securing $7.93 million in initial subscriptions. The volume is still small, but finally, Web3.0 blockchain capital is connecting to the daily cash flows of Web2.0 merchants. Could this become one of the main paths forward? Let’s wait and see! 🫡 *** This is not investment advice; it is solely personal commentary and observation. All gains and losses are your own responsibility.