Reddit set to be added to the S&P 500 index next week, with its shares surging over 11% in after-hours trading.
S&P Dow Jones Indices announced that Reddit (RDDT) will be formally added to the S&P 500 index ahead of the market open on August 18, replacing the acquired AvalonBay Communities (AVB). Following the announcement, Reddit’s post-market share price surged more than 11% at one point.
8 minutes ago
A crypto whale added an additional 330 BTC to their long position after triggering three stop-losses, bringing their long position back to $110 million.
According to monitoring by @ai_9684xtpa, a whale that was previously a firm BTC bear holding around $114 million in short positions added 330 BTC to its long position after three consecutive stop-losses, pushing its long position back above $110 million. The whale’s current BTC holdings stand at 1,742, with an average entry price of $63,709. The position is now showing an unrealized profit of roughly $292,000, and the whale has also earned approximately $118,000 in funding fees.
8 minutes ago
Anthropic's pre-IPO contracts rose nearly 6%, still leaving a 28% gap from investors' $2 trillion valuation target.
According to market data, the ANTHROPIC Pre-IPO trading pair on Binance rose 5.85% over 24 hours, currently trading at $1,566 with a 24-hour trading volume of $4.94 million. Notably, the Financial Times interviewed six Anthropic investors yesterday, who noted that the rapid growth in demand and revenue for Claude is enough to double Anthropic’s valuation from $965 billion in May to nearly $2 trillion. Based on Binance’s Pre-IPO contract’s current quote of approximately $1,565 USDT and its reference share capital of 1 billion shares, Anthropic’s implied valuation stands at around $1.565 trillion. Using some investors’ expected IPO valuation of $2 trillion as a benchmark, the contract still holds about 28% theoretical upside. Investors reportedly prioritize revenue growth most: Anthropic’s annualized revenue announced in May exceeded $47 billion, and these investors project it will reach $100–$120 billion by year-end. One investor even estimated Anthropic’s value at $3 trillion using a 30x revenue multiple. However, all these figures are investors’ own projections. Multiple investors added that Anthropic’s executives have not yet finalized an IPO valuation target, even privately.
8 minutes ago
Harmony Releases Probe Results of ONE Abnormal Minting Incident: Confirms 4 Billion ONE Tokens Minted in the First Round, Vulnerability Fixed, Rollback Prepared
Harmony Protocol has issued an event update confirming an unauthorized ONE minting incident on August 12. Investigations reveal the attacker exploited a cross-shard receipt duplicate verification vulnerability, re-executing processed cross-shard receipts to mint ONE out of thin air in empty blocks. The team is verifying two sets of impact data: initial analysis pointed to an initial mint of 4 billion ONE, while latest on-chain reconstruction shows approximately 3.01 trillion ONE was issued to four attacker wallets via six forged cross-shard transactions. Harmony has confirmed the initial 4 billion ONE mint, generated via two empty block records: 1 billion and 3 billion ONE respectively. Of that amount, 2.8 billion ONE was subsequently transferred to other attacker addresses. The team has patched the cross-shard receipt verification and pre-staking committee quorum verification vulnerabilities, and deployed Mainnet v2026.1.1 at 06:30 UTC on August 12. The bridge service has been suspended. Harmony is now coordinating with validators, exchanges, and LayerZero to freeze related funds, and preparing to roll back the network to block 92,730,034, the state before the attack. Currently, Shard 0 is suspended at block 92,753,555, which may cause official RPC to return 502 errors.
8 minutes ago
Citi CEO: Hopes CLARITY Act will ultimately pass, but remains concerned about stablecoin incentive mechanisms
Citi Group CEO Jane Fraser has stated that while she remains concerned about how the CLARITY Act addresses stablecoin reward mechanisms, she overall hopes the bill will pass, arguing it would benefit the financial system. Fraser added that Citi is still pushing for improvements to the legislation. She pointed out that if stablecoin platforms offer rewards on user deposits, this could lead to outflows of traditional bank deposits, in turn weakening banks’ ability to provide loans and credit services to parts of the U.S. The bill currently prohibits platforms from offering rewards solely for users holding stablecoins, but allows rewards tied to trading and payment activities. This issue remains at the heart of the ongoing dispute between the banking and crypto industries as the legislation advances.
8 minutes ago
UBS significantly increased its holdings in BlackRock's Bitcoin ETF in the first half of the year, bringing its stake to approximately $90 million.
UBS’s latest 13F filing shows that as of June 30, the Swiss bank held roughly 2.5 million shares of BlackRock’s spot Bitcoin ETF IBIT, with a holding value of nearly $90 million. Compared to the roughly 549,000 shares it held at the end of 2025, the holding volume surged by about 355%, while the holding value jumped around 230% from approximately $27 million. It’s important to note that 13F filings do not clarify whether these IBIT shares are held via UBS’s own capital or client assets, so this cannot be simply interpreted as UBS directly investing $90 million in Bitcoin.
8 minutes ago
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