BREAKING: Claude developer Anthropic officially files for a US IPO. It plans to list on the Nasdaq under the ticker $ANT, with Goldman Sachs and Morgan Stanley leading the offering. Despite an $80.7 billion net loss on $16.29 billion in first half revenue, it could be valued at around $1.5 trillion.

BREAKING: 🇺🇸 Senate Republicans just introduced the ADAPT Act, a new crypto tax bill. Key changes in the bill: 1. No tax on stablecoin payments, as long as the coin trades within 3% of $1. 2. No tax on small crypto network fees (like gas fees) under $10 per transaction. 3. Wash sale rules would now apply to crypto, closing a loophole traders used to claim tax losses 4. Mining and staking rewards get clearer rules for where they're taxed 5. Foreign investors trading crypto through a US broker won't be treated as doing business in the US 6. Donating crypto to charity no longer needs a formal appraisal, same as donating stock If passed, these changes would take effect starting in 2027.

I went down the rabbit hole: Anthropic is already being sued over exactly this. And the $200 plan really only provides only around 2x the weekly usage of the $100 plan Here is where the confusion comes from. Anthropic’s pricing page says: “Choose 5x or 20x more usage than Pro.” That naturally makes the $200 Max 20x plan sound like it includes four times the usage of the $100 Max 5x plan. Only further down does Anthropic clarify: “Max gives you 5x or 20x more usage per 5-hour session than Pro.” Those multipliers do not apply to the separate weekly caps, whose exact size Anthropic does not disclose. A proposed class action filed in June alleges that Max 5x delivers around 3.5x Pro’s weekly usage, while Max 20x delivers just 6–8x. In practice, the $200 plan therefore provides only around 2x the weekly usage of the $100 plan, sometimes even less depending on the model. The “20x” is real within each five-hour window. The weekly limit makes the overall offer look very different. h/t @Hesamation for finding the original court files first i think

Almost nobody knows how GenLayer actually started. Genesis is a short documentary where @kstellana walks through GenLayer from the very beginning to where the network stands today. Episode 1 premieres Thursday.

Great conversation with @TrustlessState !