Anthropic reported a net loss of $80.7 billion in the first half of the year, with an operating loss of only $693 million. AnthropicAI's S-1 filing with the SEC states: First-half 2026 revenue was $16.3 billion, a year-over-year increase of 1300%; the $72.4 billion loss stemmed from changes in the fair value of convertible bonds, primarily due to increased convertible bond valuations. In the cryptocurrency world, K33 is concerned that the market's anticipated $100 billion fundraising will lead to people selling BTC to raise funds. I'll keep an eye on ETF flows during the roadshow period.