Anthropic investors expect the AI company to seek an IPO valuation of at least $2 trillion, topping a record previously set by SpaceX. They also forecast annualized revenue of $100 billion to $120 billion by the end of 2026, more than tenfold higher than this year. Venture capital, hedge funds and other institutions have invested nearly $100 billion in Anthropic this year, according to a report.

Generator maker ERock surged 23% on Wednesday after disclosing that its order backlog jumped 1000% year over year to $1.7 billion. A major driver was an agreement with AI company Anthropic to buy 470 megawatts of power. Bank of America raised its price target on ERock to $19 from $16 and reiterated a buy rating. ERock priced its June 10 IPO at $21.50, and Anthropic is expected to go public later this year at a valuation well above $1 trillion.

Chicago wheat futures pulled back from strong early gains on Thursday after signs of easing tensions in the Black Sea reduced worries about supply disruptions. USDA data showed weekly net wheat export sales of 25.6万吨 for the week ended 8月6日, the second-lowest of the marketing year and down 64.6% from the same week a year earlier. Global ending stocks were raised by 41万吨 to 2.7325亿吨. Chicago soft red winter wheat for September rose 2.75 cents to $6.555 a bushel, while Kansas City hard red winter wheat for September gained 2.75 cents to $7.235.

New York sugar futures rose 2.38%, while London white sugar futures gained 1.99%. India’s cumulative monsoon rainfall was 12% below normal as of August 13, according to India’s Meteorological Department. In Brazil’s Center-South, June sugar output fell 26.3% year over year to 3.903 MMT, and an official outlook points to a 0.5% dip in 2026/27 production. Weather-driven supply risks continue to underpin the market.

AMD is planning a four-part, investment-grade bond offering that could raise as much as $5 billion, with maturities ranging from three to 10 years. The company has also committed to invest up to $5 billion in AI startup Anthropic. AMD has $875 million of bonds maturing next month. Shares rose 2% after the plan was reported.

In 2026, Bitcoin miners sold BTC worth $1.78 billion, while listed mining companies reduced their combined reserves by 28,000 BTC to 99,000 BTC. Over the same period, Bitcoin ETFs posted net outflows of more than $4.4 billion, becoming the market’s main source of selling pressure. Average production costs jumped to about $74,300 per coin after protocol changes, even as BTC fell by nearly 27%, sharply squeezing operating margins.

Investors are modelling an Anthropic IPO at $2 trillion, arguing surging revenue could support the price in an autumn listing. At that level the five-year-old AI lab would surpass SpaceX, which went public at $1.77 trillion in June. Anthropic said in May its annualised revenue had topped $47bn, and investors forecast $100bn to $120bn by the end of 2026. That implies roughly 43 times revenue at $2 trillion, a multiple the Financial Times said is below what some AI-linked stocks have fetched.

Data show that, as of Aug. 13, 2026, seven spot XRP ETFs have collectively locked 992.5 million XRP, with total net inflows reaching $1.51 billion. This lockup is separate from Ripple’s monthly escrow release of 1 billion XRP. Ripple typically relocks about 700 million XRP, while the remainder is used for operations.