valuation

According to a report by the Wall Street Journal cited by Jinshi, Anthropic has received an investment intention offer valuing it at over $900 billion.

American defense technology company Anduril announced the completion of a $5 billion Series H financing round, with a post-money valuation of $61 billion. This round was led by Thrive Capital and a16z.CEO Brian Schimpf stated in a letter to investors that the company's revenue is expected to reach $2.2 billion by 2025, with revenue and employee numbers nearly doubling over the past year. The company has delivered its first international project for the Royal Australian Navy and completed an autonomous flight demonstration in the U.S. Air Force's unmanned combat aircraft program.Anduril stated that it will focus on increasing investments in high-capacity manufacturing, AI and autonomous systems, the Lattice sensor and command control platform, as well as the Arsenal-1 factory and ArsenalOS production system, to address the transformation of defense demands in the context of "industrialized warfare" and great power competition.

According to market news, Anthropic is in preliminary talks with investors to raise at least $30 billion in new funding, which could become the largest round of financing for the company to date. Anthropic is raising a new round of funding at a valuation of over $900 billion.

The artificial intelligence startup Wispr is in financing negotiations, with a valuation of 2 billion dollars.

Blockchain analysis company Elliptic has completed a new round of financing of $120 million at a valuation of $670 million, led by One Peak Partners, with participation from Deutsche Bank, Nasdaq's venture capital division, and British Business Bank, while existing shareholders like JPMorgan Chase continue to invest.Founded in 2013, Elliptic provides cryptocurrency transaction monitoring and anti-money laundering, sanctions compliance tools for financial institutions and law enforcement agencies. Currently, the company screens over 1 billion transactions weekly for more than 700 clients to support the compliance operations required for large banks, asset management firms, and fintech companies to conduct digital asset business.

According to informed sources, Payward, the parent company of the cryptocurrency platform Kraken, is conducting a new round of capital financing at a valuation of $20 billion, to which Kraken declined to comment.The company has recently significantly increased its merger and acquisition spending—acquiring the stablecoin-focused payment company Reap for $600 million and the digital asset derivatives platform Bitnomial for $550 million, both transactions conducted at a $20 billion valuation.Its largest transaction was the $1.5 billion acquisition of the U.S. retail futures platform and CFTC-registered futures commission merchant NinjaTrader in 2025, which provided Kraken with a significant foothold in the U.S. derivatives market.Regarding IPO progress, Payward secretly submitted an S-1 registration statement draft to the U.S. SEC on November 19, 2025. Although reports in March 2026 indicated that the company paused its IPO plans due to unfavorable market conditions, sources stated that the company still intends to go public, but may wait for market improvements.At last week's Consensus conference in Miami, Payward co-CEO Arjun Sethi stated that the trading platform is "80% ready" for an IPO.Additionally, Deutsche Börse (DB1) purchased approximately 1.5% of Payward's shares for $200 million through a secondary share sale in April 2026, valuing Payward at $13.3 billion (lower than the previous financing round's valuation of about $20 billion).In November 2025, Kraken completed an $800 million financing in two tranches to push traditional financial products onto the blockchain, with investors including Jane Street, DRW Venture Capital, and Tribe Capital. Subsequently, Citadel Securities also made a strategic investment of $200 million at a $20 billion valuation.

According to an exclusive report by LatePost, Kuaishou plans to spin off its video generation large model business "Keling AI" and initiate a $2 billion financing round with an estimated valuation of about $20 billion. They are currently in talks with investors such as Tencent, and the deal has not yet been completed. Based on the current market value, Keling's valuation is already close to 70% of Kuaishou's overall market value.The report states that Keling's current annual recurring revenue (ARR) has reached $500 million, doubling since before the Spring Festival, significantly exceeding Kuaishou's previous expectations. At the beginning of 2025, Kuaishou set an annual revenue target of $60 million for Keling, but the final annual revenue reached $150 million. In the face of increased competition from giants like ByteDance and Alibaba in the video generation field, Kuaishou has established an independent option pool and special incentive mechanisms for Keling.It is reported that if the future IPO valuation reaches $40 billion, team incentives will be further enhanced. Currently, Keling has become one of the fastest-growing products in the global video generation field. By early 2026, it ranked first in the iOS drawing and design charts in nearly 40 countries and regions, including Brazil, Russia, and Singapore, and became one of the highest-grossing graphic design applications in South Korea and Russia.

According to Bloomberg, citing informed sources, Canton Network developer Digital Asset Holdings LLC is raising funds at a valuation of approximately $2 billion, with a16z crypto leading this round of about $300 million, expected to be completed in the coming weeks.Canton Network is a public blockchain that allows users to keep some information private and is positioned as suitable for mainstream financial transactions. Digital Asset previously completed a $135 million funding round in June 2025, led by DRW Venture Capital and Tradeweb Markets; in December of the same year, it raised another $50 million from institutions such as BNY Mellon, Nasdaq, and S&P Global.

AI company Anthropic is considering launching a new round of financing this summer, with a financing scale of up to $50 billion and a pre-financing valuation of approximately $900 billion, potentially surpassing OpenAI to become the highest-valued AI company in the world.Currently, institutions such as Dragoneer, General Catalyst, and Lightspeed Venture Partners have actively expressed their intention to invest. Sources reveal that Anthropic's annualized revenue is about to exceed $45 billion, growing approximately five times from $9 billion at the end of last year; this round of financing is expected to be completed within two months and pave the way for an IPO within the year.

According to The Block, JPMorgan analysts have stated that Bitcoin is gradually surpassing gold as a currency devaluation hedge tool following the Iran conflict.Analysts led by Managing Director Nikolaos Panigirtzoglou noted that Bitcoin ETFs recorded inflows for the third consecutive month in May, while gold ETFs are still struggling to recover the funds that flowed out during the outbreak of the Iran conflict in March. This indicates that since the conflict began, retail investors are choosing Bitcoin over gold for devaluation hedge trades.The analysts stated that Bitcoin purchases are not limited to retail investors through ETFs. JPMorgan's position proxy indicators based on CME Bitcoin futures and offshore perpetual futures have also reached new highs, indicating that institutional investors are similarly increasing their exposure. The momentum signals for Bitcoin and gold have also rebounded since the conflict began. Investors are also indirectly buying Bitcoin through Strategy, with the company's purchase volume potentially reaching around $30 billion this year if the current pace is maintained.

According to The Block, Jack Dorsey's fintech company Block recorded a revaluation loss of $173 million in the first quarter due to fluctuations in Bitcoin prices, resulting in a net loss attributable to common stockholders of $309 million.Block holds 28,355 Bitcoins, valued at approximately $2.2 billion. Despite this non-cash loss, Block's total gross profit in the first quarter increased by 27% year-on-year to $2.91 billion. Cash App's gross profit grew by 38% to $1.91 billion, but the Bitcoin business declined by 31% year-on-year. Square's Bitcoin business remained largely unchanged, with related revenue of approximately $28 million, offset by roughly equivalent costs, making its impact on gross profit negligible.Adjusted operating profit increased by 56% to $728 million, and adjusted earnings per share grew by 52% to $0.85. Block raised its full-year performance expectations, forecasting a 19% year-on-year increase in gross profit for the full year of 2026 and a 62% increase in adjusted diluted earnings per share.

Anthropic's implied valuation in the on-chain Pre-IPO market has risen to $1.2 trillion (approximately 8.7 trillion RMB), officially surpassing OpenAI, with its pre-IPO valuation now about 20% higher than OpenAI's. If it goes public at this valuation, it will directly land as the 11th largest publicly traded company in the world, only behind Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, TSMC, Broadcom, Tesla, and Saudi Aramco.