Anthropic revenue surpassed $30 billion on an annualized basis as of early April 2026, the company disclosed alongside a major new compute deal with Google and Broadcom, marking a more than threefold increase from the approximately $9 billion run rate it reported at the end of 2025.

Anthropic’s official announcement states plainly: “Our run-rate revenue has now surpassed $30 billion, up from approximately $9 billion at the end of 2025.” The trajectory behind that figure is striking. The company had a run rate of roughly $1 billion at the start of 2025, $4.5 billion by mid-year, $9 billion by year-end, $14 billion in February when it announced its Series G, and $30 billion in April. Each milestone came faster than the prior one. CEO Dario Amodei has noted repeatedly that he has consistently underestimated his own company’s growth, saying he is “always very conservative” on the business side and has been wrong every time.

Claude Code, the company’s agentic coding platform, has been a particular standout, generating over $2.5 billion in run-rate revenue as of February 2026, with weekly active users doubling since January 1.

The enterprise customer expansion tells the most important part of the story. When Anthropic announced its Series G in February, it noted that over 500 business customers were each spending more than $1 million annually. That number now exceeds 1,000 and doubled in less than two months. This is not organic drift from marketing. It reflects a fundamental shift in how large organizations are deploying AI: not as a search replacement or productivity experiment, but as core infrastructure for legal, finance, consulting, and communications workflows where knowledge worker productivity carries a measurable premium. Claude’s API market share expanded from 12 percent in 2023 to 32 percent by mid-2025, overtaking OpenAI to become the enterprise language model leader by that measure.

What the Google and Broadcom Compute Deal Signals

The timing of the compute announcement alongside the revenue disclosure is deliberate. Anthropic is signaling to the market that it has the demand to justify infrastructure at a scale few companies can access. The deal gives Anthropic access to approximately 3.5 gigawatts of TPU-based computing capacity beginning in 2027, an extension of the $50 billion US AI infrastructure commitment announced in November 2025. Anthropic already runs workloads on AWS Trainium, Google TPUs, and Nvidia GPUs, matching each workload to the chips best suited for it.

What a $30 Billion Run Rate Means for the AI Market

As crypto.news has reported, the revenue signals coming from frontier AI companies are now primary inputs for institutional investors assessing whether the AI buildout justifies current infrastructure spending levels. As crypto.news has noted, the competitive dynamics between Anthropic and OpenAI have direct market effects on AI-adjacent crypto assets and the broader perception of the AI sector’s capital efficiency. Anthropic projects positive free cash flow by 2027 while OpenAI has pushed its breakeven target to 2030, a structural gap that is now visible in revenue terms.

Securitize has appointed Brett Redfearn as its president and as a member of the tokenization platform’s board of directors, underscoring the crypto industry’s growing pull for former regulators and established market veterans. Redfearn, who previously led the U.S. Securities and Exchange Commission’s Division of Trading and Markets, spent over a decade at JPMorgan and later served as Coinbase’s head of capital markets. He has also been a member of Securitize’s advisory board, and the company’s Thursday notice confirmed the leadership change as it continues to push real-world asset tokenization into the crypto mainstream.

The move arrives as tokenization of real-world assets (RWA) gains momentum across crypto markets. Securitize’s boardroom shake-up comes amid a broader surge in on-chain assetization activity, with data from analytics platform RWA.xyz showing $3.85 billion in distributed asset value across platforms in March and tokenized stocks on-chain surpassing $1 billion in total value. The numbers highlight a material shift toward regulated, tokenized exposure to traditional assets within the crypto ecosystem.

Key takeaways

• Brett Redfearn is named president and board member of Securitize, bringing SEC leadership experience, Coinbase capital markets background, and JPMorgan tenure to the tokenization platform.
• Market momentum for tokenized assets remains robust, with March data placing distributed asset value at about $3.85 billion on RWA platforms and tokenized stocks crossing $1 billion in on-chain value.
• The SEC is recalibrating its enforcement leadership, naming David Woodcock as director of the Division of Enforcement, a role that will shape crypto oversight as the space expands.
• Lawmakers are scrutinizing regulator departures, including the exit of former enforcement head Margaret Ryan, amid ongoing questions about crypto enforcement actions and dropped cases.
• The broader trend of ex-government officials entering crypto continues, signaling a convergence of traditional financial governance experience with digital asset markets.

Strategic pivot at Securitize

In its official announcement, Securitize confirmed Brett Redfearn’s elevation to president and a seat on the company’s board. The former SEC official led the agency’s Division of Trading and Markets, a portfolio overseeing market structure and regulatory compliance, before moving to Coinbase as head of capital markets. He also accumulated frontline experience at JPMorgan spanning various roles across a decade. By bringing Redfearn onto the executive team, Securitize signals a continued emphasis on robust compliance, market governance, and scalable tokenization of real-world assets—areas where regulatory familiarity and traditional market discipline can be advantageous for accelerating institutional-grade adoption.

Redfearn’s growing role at Securitize also reflects a broader industry trend: attracting senior figures with public-sector credibility to help bridge crypto innovation with established financial norms. The executive’s transition from public service to private sector leadership dovetails with ongoing investor appetite for regulated pathways to tokenized exposure, especially in tokenized securities, asset-backed tokens, and other RWAs that promise enhanced liquidity and efficiency for traditional instruments.

RWAs and tokenization momentum

The market context for Redfearn’s appointment is favorable to Securitize’s business model. Data from RWA.xyz indicate a sustained surge in tokenized assets, with March totaling roughly $3.85 billion in distributed asset value across platforms. In parallel, tokenized stocks have crossed a notable threshold, with on-chain value exceeding $1 billion. These figures illustrate not only growing demand for tokenized access to mainstream assets but also the viability of regulated tokenization rails that can support larger, more diverse pools of capital.

For investors, the implication is twofold: first, tokenized RWAs offer a potential pathway to diversification and liquidity in traditional asset classes; second, the involvement of experienced financial-services executives in tokenization ventures could help drive scalable governance, risk controls, and compliance frameworks that appeal to institutions wary of regulatory uncertainty. Securitize’s leadership move aligns with a market that increasingly prioritizes both innovation and credible oversight as use cases expand beyond crypto-native tokens.

Regulatory backdrop and leadership reshuffle

Beyond Securitize’s leadership update, the regulatory environment is experiencing a notable transition. The SEC announced that David Woodcock would become director of the Division of Enforcement, with the appointment set to take effect on May 4. The change comes as the agency continues to navigate a contentious policy landscape for crypto-related enforcement, and as lawmakers press for clarity on how the SEC will approach recent crypto cases and policy shifts.

Interest among lawmakers centers on the departure of former enforcement head Margaret Ryan and questions about the SEC’s crypto crackdown strategy, including whether certain cases have been dropped or recalibrated. While authorities have pursued various actions against crypto firms and projects in recent years, the timing and rationale behind high-profile moves have drawn scrutiny from Capitol Hill. The broader takeaway for market participants is a heightened focus on how enforcement direction and regulatory priorities will shape project roadmaps, exchange behavior, and the permitting environment for tokenized assets.

In parallel, industry observers note how the movement of former regulators into crypto companies—such as Caroline Pham’s shift from the Commodity Futures Trading Commission to MoonPay—illustrates a broader willingness among policy veterans to contribute to, and influence, the sector’s development. This trend does not guarantee favorable policy outcomes, but it does signal a convergence of traditional financial governance with crypto innovation, potentially accelerating the adoption of clearer compliance standards and governance practices.

What this means for investors, builders and users

The confluence of leadership experience and tangible market momentum in RWAs points to a maturing segment of the crypto economy. For investors, the combination of seasoned governance acumen and regulatory-aware product design could translate into more credible access points to real-world assets, with improved risk management and reporting. For builders, Redfearn’s appointment may encourage the creation of more transparent issuance and custody solutions, along with stronger tokenization infrastructure that stands up to regulatory scrutiny. For users, the trend could translate into broader ranges of tokenized securities and asset-backed tokens that operate on trusted rails, delivering greater liquidity and on-chain settlement efficiencies.

That said, uncertainties remain. The regulatory posture toward crypto enforcement and the specifics of how RWAs will be treated under securities or commodities regimes will continue to influence product design, listing standards, and cross-border considerations. Market watchers should monitor how Woodcock’s leadership style translates into enforcement priorities and whether the SEC’s approach to complex asset-backed tokens evolves in a direction that reduces friction for compliant projects while preserving investor protections.

As the sector evolves, the next few quarters will reveal how these leadership movements translate into tangible policy signals, partnerships, and capital flows. Expect further commentary from industry participants on how tokenization platforms align with evolving regulatory expectations, and watch for any new data points that illuminate the pace of adoption among institutional participants seeking regulated exposure to tokenized real-world assets.

Readers should keep an eye on Securitize’s strategic execution under Redfearn’s presidency—especially initiatives around onboarding institutions, expanding the RWA toolkit, and advancing governance standards. Concurrently, any developments from the SEC’s enforcement division and congressional inquiries into crypto cases will help frame the risk and opportunity landscape for tokenized assets in the near term.

TLDR:

• Bitcoin continues trading below $72K after repeated rejection, keeping the market inside a tight consolidation range.
• On-chain data shows only 59% of the Bitcoin supply remains in profit, nearing levels seen during past bear markets.
• Traders watch $69,100 support and $72,000 resistance as key zones that could determine Bitcoin’s next move.
• Analysts note that extreme loss levels historically create accumulation opportunities before broader market sentiment improves.

Bitcoin continues to trade within a tight range below $72,000 as analysts track liquidity levels and momentum signals.

At the same time, on-chain data shows the share of BTC supply in profit falling toward levels last seen during previous bear cycles.

Bitcoin Faces Resistance Near $72K as Traders Watch Liquidity Zones

Bitcoin has struggled to maintain momentum above the $72,000 region during recent sessions. The market rejected this level again, keeping price action inside a narrow trading range.

Crypto analyst Lennaert Snyder discussed the setup in a post on X, noting that Bitcoin faced rejection near $72,000 again. As a result, he opened a small hedge short after the failed breakout attempt.

According to Snyder, liquidity around $66,590 remains a potential downside target this week. He also noted that the present zone offers poor risk-reward conditions for long positions.

The analyst explained that long setups may become attractive under two scenarios. One option involves Bitcoin reclaiming the $72,000 resistance zone. The other scenario involves a pullback toward the $69,100 level.

That area contains a four-hour imbalance and marks the lower edge of the recent trading range. If buyers regain control, Snyder expects liquidity around $74,800 to become the next weekly target.

Meanwhile, technical indicators still show moderate bullish momentum. The Relative Strength Index currently stands near 65, which signals steady buying pressure.

However, the indicator remains below the overbought threshold of 70. This suggests room for further upside if demand continues.

The Moving Average Convergence Divergence indicator also remains positive. The MACD line stays above the signal line, while the histogram shows weakening but positive momentum.

These signals suggest consolidation may continue before the next directional move develops.

On-Chain Data Shows Bitcoin Profit Supply Near Bear Market Levels

While price remains near recent highs, on-chain data presents a different picture of investor positioning.

CryptoQuant contributor Darkfost shared new data showing a drop in Bitcoin’s profit supply. The analysis estimates that around 59% of the circulating Bitcoin supply currently sits in profit.

This means nearly one Bitcoin out of every two remains held at a loss. The figure sits close to levels observed during previous bear market conditions.

Historically, the market tends to operate with a higher share of profitable supply. Data shows the long-term average sits closer to 75%.

The gap between current levels and the historical average shows that many investors entered positions at higher prices.

The data also identifies a key threshold around the 50% level. Previous bear markets often reached a bottom near that point. Although the current market has not reached that level, the trend suggests widespread unrealized losses across the network.

Darkfost explained that profitable supply plays an important role in sustaining market momentum. When investors hold gains, they are more likely to continue participating in the market. However, when losses dominate the supply distribution, sentiment often weakens.

For this reason, the analyst described the current environment as more suitable for accumulation strategies. Market participants often increase exposure during periods when losses reach extreme levels.

The strategy aims to position investors before broader market sentiment turns positive again. At the same time, exposure typically decreases when the share of supply in profit approaches 100%.

For now, Bitcoin remains within a defined price range while traders monitor resistance near $72,000 and support levels below $70,000.

The US inflation reading the market has been dreading arrives Friday morning when the Bureau of Labor Statistics releases the March Consumer Price Index at 8:30 AM ET, with economists widely forecasting it will be the hottest monthly inflation print since May 2022, driven almost entirely by the energy shock from the Iran war.

As Kiplinger reported, “How much and how severely depends on just how long the conflict continues to crimp key energy exports. Some degree of inflation is now inevitable.” That framing captures the central tension in Friday’s release: whether the data confirms a one-month spike that fades as oil stabilizes, or signals the opening print of a new inflation regime where the Iran war has durably repriced transportation, manufacturing, and utility costs across the economy.

Consumers have already paid approximately $8.4 billion in additional fuel costs in the month after the Iran war started, according to an estimate from the Joint Economic Committee’s Democratic minority. Gasoline prices have averaged over $4 per gallon nationally, with oil remaining close to $110 per barrel even after the temporary ceasefire announcement caused a brief drop.

Since the post-2009 recovery, only five months have produced a monthly CPI reading of 0.9 percent or higher. Every one of them fell between October 2021 and June 2022, at the peak of the post-pandemic inflation surge. March 2026 is expected to join that short and painful list. The mechanism is straightforward: the Iran war disrupted oil flows through the Strait of Hormuz, the world’s most critical petroleum corridor, causing a supply shock that fed immediately into gasoline, diesel, and jet fuel prices. Energy costs then ripple into transportation, food distribution, and manufacturing, which is why Oxford Economics expects the headline rate to climb above 4 percent in April even after the temporary ceasefire.

What the Report Means for the Federal Reserve

The Fed had penciled in one interest rate cut for 2026 before the Iran war began. The war repricing of energy has caused many economists to remove that cut from their forecasts entirely. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, warned that rising prices could pressure household budgets and derail spending. Some Fed policymakers signaled in March meeting minutes that future rate hikes may need to be considered if inflation accelerates further. Mark Zandi, chief economist at Moody’s Analytics, told CBS News: “We’re going to be paying the price for this through much of the year.”

What to Watch in the Numbers When the Report Drops Friday

As crypto.news has reported, bitcoin and crypto markets have been closely tracking every inflation signal in 2026, with the war-driven energy shock adding a new layer of uncertainty on top of existing tariff and monetary policy pressures. As crypto.news has noted, the March CPI release is one of the most anticipated economic events of the quarter for crypto investors because a number above 3.5 percent would likely extend the Fed pause and suppress the rate-cut narrative that has historically supported risk asset rallies. The report drops at 8:30 AM ET Friday, April 10.

Binance Wallet has integrated BNB Smart Chain-based predictfun as its official prediction market provider. Predictfun is backed by YZi Labs, formerly Binance Labs, the centralized exchange’s venture capital arm.

The integration allows Binance Wallet users to access prediction market functionality directly within the wallet interface without bearing transaction costs on the BNB network.

The move comes amid broader regulatory scrutiny of prediction markets in the U.S., including recent CFTC action seeking to enjoin Arizona from enforcing criminal and civil penalties against prediction market operators. Predictfun operates as a decentralized prediction market platform, and the Binance Wallet integration represents a major distribution channel for the protocol.

Sources: Binance Wallet

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

Morgan Stanley’s spot Bitcoin (BTC) ETF, MSBT, kicked off trading as expected on Wednesday, April 8, on NYSE Arca. The fund saw a relatively strong debut, with $30.6 million in net inflows yesterday, per Farside data.

Morgan Stanley’s fund page shows that the fund held 444.4 BTC valued at $31,654,653.90 as of April 8. Meanwhile, CoinDesk reported the fund generated $34 million in day-one trading volume.

Bloomberg senior ETF analyst Eric Balchunas commented on the day-one performance midday on yesterday, when MSBT had already recorded $27 million in trading volume. Balchunas pushed his original $30 million day-one volume prediction to $50 million in the X post. For context, Balchunas reference two recent crypto ETF launches, for Solana and XRP funds, which both saw nearly $60 million traded on their first day.

The launch makes Morgan Stanley the first major U.S. commercial bank to issue its own spot Bitcoin ETF. A key competitive advantage, as The Defiant previously reported, is that MSBT carries a 0.14% expense ratio — the lowest in the U.S. spot Bitcoin ETF market, undercutting BlackRock’s IBIT (0.25%), Fidelity’s FBTC (0.25%), and Grayscale’s Bitcoin Mini Trust (0.15%).

The same day as MSBT’s positive debut, total U.S. spot BTC ETF products, excluding MSBT, saw $124.55M in net outflows, per SoSoValue data. However ,BlackRock’s IBIT — by far the leading product in terms of cumulative net inflows — bucked the trend with $43.38 million in net inflows on the day Wednesday.

As of midday ET today, April 9, MSBT had seen 610,525 shares traded at a current price of $20.67, putting intraday volume at approximately $12.6 million, per Yahoo Finance data.

Bitcoin was trading just below $72,000 at press time, per The Defiant’s price tracker. The prior day had seen a sharp ceasefire-driven short squeeze push crypto markets higher.

MSBT’s launch is the latest milestone in a deepening institutional embrace of Bitcoin. The Defiant has tracked how advisor-driven capital has become the largest category of institutional Bitcoin ETF buyers, surpassing hedge funds and brokerages — precisely the channel Morgan Stanley is now positioned to dominate.

When the bank first filed for MSBT in January, Balchunas called it a “shocker” and noted the firm’s existing advisor approvals for crypto allocations made issuing their own branded fund a natural next step.

The question now is whether day-one momentum translates into sustained flows, and whether other banks follow Morgan Stanley through the door it has opened.

This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.

Bitcoin held above $72,000 on Thursday, consolidating near its highest levels in three weeks as crypto markets digested a fragile ceasefire between the United States and Iran.

BTC was changing hands at $72,285, up 1.5% over the past 24 hours and 8% on the week, according to CoinGecko. Ethereum rose 0.6% to $2,210, also up 7.2% over the past seven days. XRP gained 0.6% to $1.36, BNB edged up 0.2% to $607.25, and Solana climbed 2% to $84, bringing its weekly gains to 6.6%.

The gains followed a sharp ceasefire-driven short squeeze that sent BTC to its highest level since mid-March.

President Donald Trump said on Truth Social Thursday that all U.S. military assets would remain in place around Iran until the ceasefire is “fully complied with,” warning that failure could lead to renewed conflict. Meanwhile, Iran continued to restrict traffic in the Strait of Hormuz and proposed a $1-per-barrel fee on transiting oil, drawing criticism from the EU and the United States.

Total crypto market capitalization stood at approximately $2.53 trillion, per CoinGecko, up from $2.43 trillion at the start of the week.

Morgan Stanley’s MSBT Debuts

Morgan Stanley’s spot Bitcoin ETF, MSBT, kicked off trading as expected on Wednesday on NYSE Arca. The fund saw $30.6 million in net inflows on its first day.

The fund carries a 0.14% expense ratio, the lowest in the U.S. spot Bitcoin ETF market, undercutting BlackRock’s IBIT at 0.25% and Grayscale’s Bitcoin Mini Trust at 0.15%. Bloomberg

Despite MSBT’s strong debut, the broader U.S. spot BTC ETF complex saw $124 million in net outflows on Wednesday, excluding MSBT, per SoSoValue. Total AUM across U.S. spot Bitcoin ETFs stood at $91.9 billion, or about 6.43% of Bitcoin’s overall market cap.

The outflows followed a $471 million single-day inflow on April 6, when spot Bitcoin ETFs recorded their strongest daily inflows since February, despite ongoing geopolitical tensions

ZEC Leads Altcoins

Zcash was the standout performer this week. ZEC surged another 15% to $371 on Thursday, leading the broader market. The token has gained over 65% in the past 30 days, fueled by a risk-on rotation, a pending decision on the Grayscale spot ZEC ETF, and Foundry’s institutional mining pool launch.

On the downside, World Liberty Financial’s WLFI token fell roughly 10% to an all-time low of $0.0885. On-chain data showed WLFI deposited 5 billion of its own tokens as collateral to borrow stablecoins.

Looking Ahead

The two-week ceasefire window is set to expire around April 21, with peace negotiations expected to begin Friday in Islamabad. Whether the rally extends depends on the truce’s durability.

Fed minutes released Wednesday showed officials believe inflation may fall slowly toward 2%, while oil risks add pressure. Policymakers signaled room for either hikes or cuts depending on conditions, a hawkish undertone that adds another headwind for risk assets already contending with geopolitical uncertainty.