Tom Lee: Ethereum is more like 'digital land' rather than cash.

According to Bitget market data, the Nikkei 225 index fell below 57,000 points, dropping 6.72% on the day. Tokyo Electron declined 13%, Advantest fell 13%, and SoftBank dropped 14%.

According to Kraken’s disclosure, the crypto exchange has announced plans to launch a tokenized product for the IPO of Anthropic, the developer behind Claude. Kraken noted in an accompanying graphic that IPO allocation decisions are not made by Kraken, and allocations may be granted in full, in part, or not at all; funds not allocated will be refunded. The product is not offered to U.S. persons or residents and is subject to geographic restrictions.

According to Bitget's market data, South Korea's KOSPI index resumed trading after a circuit breaker halt, with its decline narrowing to 6.8%. Among heavyweight stocks, SK Hynix fell 7.99% and Samsung dropped 7.3%.

The Nikkei 225 index fell below the 58,000-point mark, dropping 5.06% on the day; the Tokyo Stock Price Index (TOPIX) also declined by 5%.

Per YuJing Monitor, as the Nasdaq index fell 5.52% overnight, pre-market contracts for Anthropic – set to debut on Nasdaq via IPO in about 10 days – also dropped 8%. The whale holding Anthropic’s largest short position, which is shorting $50.34 million worth of the company, has now booked an unrealized profit of $3.76 million.

Bitcoin mining firm turned AI cloud computing service provider IREN has released its Q1 FY2027 results, covering the period ending September 30, 2026. Total revenue rose 66% quarter-over-quarter to $228 million, with AI cloud business revenue surging 182% QoQ to $200 million and boasting an 86% gross margin. Bitcoin mining revenue fell from $67 million in the prior quarter to $28 million. The quarter recorded a net loss of $263 million, down from a $684 million net loss in the previous quarter. Adjusted EBITDA came in at $66 million. The company’s contract backlog grew 22% QoQ to $20.3 billion; over $4 billion in annual recurring revenue (ARR) targets have secured contracts and funding, but due to client design adjustments and supplier delivery timelines, the expected delivery timeline has been pushed back from late 2026 to January 2027, and may be further delayed to February. Separately, after the quarter ended, IREN signed a five-year AI cloud services contract worth roughly $22 million per megawatt, with the client prepaying 90% of the GPU capital expenditures.