- Bitcoin rose to $83,337.03 today, up nearly 4 percent over the past week.
- Anthropic disclosed an $84.5 billion compute deal with SpaceX through 2029.
- Trump signed an order renaming AI to “Superintelligence,” launched America.gov.
The global crypto market cap rose 0.5% to $2.96 trillion over the past 24 hours. Bitcoin traded at $83,337.03, up 0.4% on the day and up 3.8% over the past week. Ethereum changed hands at $2,672.99, up 0.5% in 24 hours and up 3.3% over seven days.
BNB rose 0.5% to $763.06, up 4.2% weekly. XRP gained 1.1% to $1.50, up 6.7% over the week. Solana rose 1.9% to $119.31, though roughly flat on the week at 0.5%.
Trending Searches
Quant led trending searches, up 26.4% to $284.89. Pudgy Penguins followed, up 10.4% to $0.009976, and Pump.fun rose 22.5% to $0.005752. Among top gainers, NEURALAI surged 45.0% to $2.764, SOON climbed 36.9% to $0.4108, and Quant appeared again among gainers at 26.4%.
Anthropic’s SpaceX Compute Deal
Anthropic disclosed in a confidential IPO filing that it has agreed to pay SpaceX up to $84.5 billion by 2029 for access to Nvidia chip-based AI computing resources, according to Reuters. Most of the underlying agreements can reportedly be terminated with 90 days’ notice.
Axios reported OpenAI’s annualized revenue run rate has grown more than 70% since the start of the third quarter to approach $70 billion, with enterprise sales more than doubling since July.
Trump Renames AI to “Superintelligence”
President Trump signed an executive order launching America.gov, a unified federal services portal built with AI, and announced plans to formally rename “Artificial Intelligence” to “Super Intelligence” across US government documents.
House Speaker Mike Johnson said he hoped a same-day AI meeting with industry leaders would produce an agreement on voluntary safety measures. The America.gov executive order requires agencies with high-volume online services to integrate with the platform, excluding IRS tax filing and sensitive defense and intelligence functions.
Bond Market Stress Deepens
The 30-year Treasury yield climbed to 5.595%, its highest since 2002, with Barclays warning it could reach 6% if AI-driven productivity gains keep pushing up growth and rate expectations. Gold posted a rare 3.4% single-day plunge, a move analysts said occurs roughly once every two years, attributing the shock to surging Treasury yields. Fed Governor Michael Barr reiterated that further rate hikes may be needed, saying risks to the 2% inflation target have increased even as labor market risks have eased.
Prediction Market Scrutiny Widens
The CFTC is investigating incentive programs across prediction market platforms, citing concerns over misleading promotions. House Oversight Committee Chairman James Comer sent letters to Hyperliquid Labs, Crypto.com, and Aristotle Exchange requesting documents on KYC processes and suspicious transaction monitoring, expanding an investigation that began with Kalshi and Polymarket in May.
Former CFTC Chair Rostin Behnam said regulatory boundary disputes over prediction markets may ultimately reach the Supreme Court. Kalshi separately disclosed plans to terminate its trading volume incentive program as early as October 13.
Robinhood Expands Trading Products
Robinhood announced plans to launch AI trading agents built on OpenAI or Anthropic models, crypto perpetual contracts with up to 10x leverage, and weekend US stock trading, according to CoinDesk. The AI agents, called Robinhood Agents, will operate on a separate authorized trading account and can analyze markets, build watchlists, and execute trades across stocks, options, and crypto.
Adam Back’s Bitcoin Ventures Hit Trouble
Multiple businesses tied to Bitcoin pioneer Adam Back faced setbacks. The merger between his BSTR Holdings treasury project and a Cantor Fitzgerald-backed SPAC was terminated, with BSTR facing a $15 million breakup fee; his Blockstream Mining venture faces lawsuits from partner Exacore over unpaid equipment and electricity costs tied to roughly $2 billion in financing; and Blockstream’s Liquid Network sidechain remains short roughly $47 million in Bitcoin from its earlier hack, with the attacker still holding the funds.
Market Sentiment
Veteran trader Peter Brandt raised his Bitcoin cycle top forecast to a range of $300,000 to $600,000 by late 2029, up from a prior $250,000 to $300,000 estimate, while warning of a possible near-term pullback to $65,000 to $66,000 to flush out leveraged longs. CryptoQuant’s Julio Moreno said Bitcoin’s short-term holder profit margin has climbed to 33%, the highest since December 2024, a level that has historically preceded pullbacks.
Related: House Oversight Broadens Prediction Market Probe to Hyperliquid, Crypto.com
Related: Anthropic IPO Filing Details AI Risks for Users and Investors
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