Anthropic Loses Pentagon Fight Ahead of Anticipated $2 Trillion IPO
A federal appeals court upheld the Pentagon’s supply chain risk designation for Anthropic on Sept. 25, adding a legal setback ahead of the AI company’s reported November IPO. Investors have anticipated a valuation near $2 trillion, but the offering has not been priced. Appeals Court Upholds Pentagon Exclusion A federal appeals court on Sept. 25 […]
Key Takeaways
- A federal appeals court upheld the Pentagon’s supply chain risk designation for Anthropic on Sept.
- 25, adding a legal setback ahead of the AI company’s reported November IPO.
- Investors have anticipated a valuation near $2 trillion, but the offering has not been priced.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Blockchain Association CEO Summer Mersinger To Step Down In October
TL;DR Blockchain Association CEO Summer Mersinger will step down on October 16 and remain as an adviser through the end of 2026. Founding leader Kristin Smith will return as interim CEO from October 17. The leadership change comes during an unusually active…
SEC clears regulatory hurdle as crypto token buybacks hit record $638 million
Crypto projects spent about $638 million with token buybacks through late August 2026, according to Allium Labs data. That is already a record, up from $545 million over the same stretch of 2025. Hyperliquid accounted for roughly $370 million and Pump.fun for…
KelpDAO Sues LayerZero Over $292M rsETH Bridge Exploit
TL;DR Evercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino. The lawsuit concerns the April exploit that drained 116,500 rsETH, worth about $292 million at the time. KelpDAO…