Anthropic is reportedly planning an IPO next week, with its valuation dropping from $2 trillion to around $1.3 trillion. It also released its new Fable 5.2 model today to build momentum for the IPO. From an investment exit perspective, this timing is certainly a bit late. However, for a company, a high valuation isn't necessarily something to pursue. A relatively lower valuation allows for better growth potential. There are various other financing methods after the IPO, so there's no need to rush. The volatility in the US stock market is currently significantly impacting cryptocurrencies. If the US stock market continues its downturn, or even collapses due to ANT, cryptocurrencies will face even greater pressure.