Anthropic is reportedly planning an IPO next week, with its valuation having dropped from $2 trillion to around $1.3 trillion, while simultaneously releasing the new Fable 5.2 model today to build momentum for the IPO. From an investment exit perspective, this timing is somewhat late. However, for a company, an extremely high valuation is not necessarily something to pursue; a relatively lower valuation can provide the company with more breathing room. After all, there are numerous financing options available post-IPO, so there’s no need to rush at this stage. The current volatility in U.S. equities is significantly impacting the cryptocurrency market. If U.S. stocks remain weak—or if they are dragged down further by $ANT—the crypto market could face substantial additional pressure.