Anthropic has proposed leasing up to $10 billion of computing power from Meta Platforms over two years as the AI developer prepares for a possible October IPO.

According to Reuters, which cited The New York Times, Meta is reviewing the proposal after Anthropic presented the terms in June. The planned agreement would require Anthropic to make monthly payments for access to Meta’s computing capacity.

Both companies could end the contract before the two-year period expires, the report added. Meta and Anthropic have not finalized the arrangement, leaving its value and duration subject to the outcome of their talks.

For Anthropic, the lease would provide access to the processing capacity needed to train and operate advanced artificial intelligence models. AI developers depend on large numbers of specialized chips and data centers, making reliable computing access a central part of their expansion plans.

Meta, in turn, could earn revenue from infrastructure built primarily for its own AI products and services. According to the report, the proposed lease would give the social media company another way to generate returns from its computing investments beyond its advertising business.

Meta could enter the AI infrastructure market

A completed agreement would place Meta in competition with CoreWeave and Nebius, two companies that supply computing infrastructure for AI workloads. Reuters reported that the Anthropic proposal could turn Meta into a provider of capacity to an external AI developer while it continues building models and products of its own.

The talks have emerged as technology companies compete for chips, electricity and data center space. Under the reported structure, Anthropic would secure capacity from a company that has spent heavily on AI infrastructure, while Meta would add a potential customer for resources within its computing network.

Anthropic has also pursued separate long-term infrastructure arrangements. Earlier this month, the company signed a 20-year data center lease with Bitcoin miner TeraWulf. The agreement is expected to supply additional computing resources for Anthropic’s future AI development.

Taken together, the Meta discussions and TeraWulf lease show how Anthropic is assembling the infrastructure required to support its models. Any assessment of the scale or financial effect of those agreements, however, depends on their final terms and the amount of capacity Anthropic ultimately uses.

Anthropic could reach public markets in October

Bloomberg reported that Anthropic is moving forward with preparations for a possible stock market listing. Banks working on the offering have begun arranging meetings between company executives and prospective investors, according to the report.

Those meetings could support an IPO as early as October, although Bloomberg’s timeline remains subject to market conditions and the company’s final decision. An October debut would put Anthropic in the public market before OpenAI, which Bloomberg reported is considering a listing in 2027.

Chinese AI developer DeepSeek is also preparing for an eventual public offering, according to the original report. Anthropic could therefore become one of the first major companies from the latest generation of AI model developers to list its shares.

Before the IPO report emerged, Anthropic had received approval from the US government to restore access to its Mythos 5 model for selected companies and federal agencies last month. Combined with its infrastructure agreements and investor meetings, the decision adds another development for banks and potential shareholders to examine as preparations continue.

OKX Europe has introduced a “one-way conversion” tool that lets customers deposit Tether’s USDT and convert it into Circle’s MiCA-compliant USDC. The feature is aimed at clients who can no longer keep USDT supported on their accounts as European Union stablecoin rules tighten.

In an announcement shared with Cointelegraph, OKX Europe said the process is customer-controlled: users can deposit USDT into their OKX Europe account and convert it into USDC at their discretion, rather than being forced through a platform-imposed deadline. The exchange said the tool is meant to support customers whose existing venues no longer accept USDT or who plan to move balances automatically to compliant alternatives.

Key takeaways

• OKX Europe now supports conversion from USDT into MiCA-compliant USDC, without requiring a two-way transfer option.
• The feature targets customers affected by MiCA implementation, when many EU-facing platforms reduced USDT availability.
• OKX Europe positions the update as a migration path for users who want to preserve value continuity while shifting to USDC.
• Tether has not pursued MiCA authorization for USDT, which is central to why some platforms restrict or delist USDT in the EU.
• USDT remains the largest stablecoin by market share, according to DefiLlama, even as compliance-driven changes accelerate in Europe.

How OKX Europe’s one-way migration works

According to OKX Europe’s announcement, the new conversion feature allows customers to deposit USDT—Tether’s USDt—into their OKX Europe account and convert those tokens into USDC. USDC is described as one of the major stablecoins that fits the EU’s Markets in Crypto-Assets (MiCA) framework.

The “one-way” aspect matters: the workflow is designed to move balances toward a MiCA-aligned stablecoin rather than enabling conversion in both directions. OKX Europe also emphasized that conversions can be completed at the customer’s discretion instead of via a strict cutoff determined by the exchange.

OKX Europe operates under its MiCA license across 30 EU and European Economic Area countries, positioning the feature as a practical bridge for users navigating where USDT is no longer supported.

MiCA rollout forces stablecoin support to change

The timing aligns with the EU’s stablecoin regulatory rollout. Tether has not obtained authorization to issue USDT under MiCA, a status that has led many European platforms to restrict deposits, remove trading pairs, or convert client balances into compliant alternatives as MiCA rules took full effect on July 1.

That regulatory friction is not marginal. DefiLlama data cited in the report shows Tether accounts for about 59% of the roughly $310 billion stablecoin market, with USDT market capitalization around $184 billion. Circle’s USDC is much smaller by comparison, at about $73 billion, but still one of the largest compliant options for EU-based platforms.

For investors and traders, these shifts can change liquidity and execution. When a major venue restricts deposits or delists pairs, users who depend on a stablecoin—whether for trading, hedging, or moving between exchanges—can face friction even if the underlying stablecoin remains available elsewhere outside the EU.

Tether’s stance on MiCA authorization

Tether has defended its decision not to pursue MiCA authorization for USDT, and the approach has shaped the behavior of European market operators. Cointelegraph previously reported that Tether CEO Paolo Ardoino has criticized MiCA, arguing that reserve requirements could introduce unnecessary risk by requiring part of reserves to be held with European credit institutions.

Ardoino has also suggested that the regulatory tradeoffs are not favorable for stablecoin issuers. In a May 2025 interview with Cointelegraph, he characterized MiCA’s approach as “very dangerous when it comes to stablecoins,” noting Tether’s choice not to seek authorization despite expectations that USDT could lose support on European exchanges.

More recently, in a July 2025 post on X, Ardoino said Tether would reconsider pursuing MiCA authorization only “when MiCA becomes safer for consumers and stablecoin issuers.” The messaging indicates Tether sees no near-term reason to change course—an implication reinforced by the continuing migration efforts from EU-facing exchanges and other service providers.

Broader industry response: from exchanges to retail apps

OKX Europe’s conversion tool reflects a wider trend across Europe: when MiCA restricts USDT access, platforms often re-route customers toward compliant stablecoins or withdrawal pathways.

One example highlighted in the same material is Revolut, a digital banking platform that said it will stop supporting USDT for customers in the European Economic Area and Switzerland. Revolut reportedly gave users until Aug. 31 to sell or withdraw their holdings, with any remaining balances expected to be automatically converted into the base currency.

These actions underscore a key asymmetry for USDT holders in Europe. While USDT remains globally dominant, users in MiCA-regulated jurisdictions may experience forced transitions—either by changing what can be deposited and traded on exchanges or by shifting stablecoin exposure within retail financial interfaces.

For traders, this can affect strategy execution. Stablecoin pairs tied to USDT liquidity may shrink, and conversion paths could introduce operational steps or timing variability. For users focused on custody or settlement, the migration choice also becomes a matter of which compliant stablecoin is supported on the platform they use day to day.

What to watch next for EU stablecoin migration

As MiCA compliance keeps reshaping which stablecoins are usable on EU-facing platforms, customers should watch whether more exchanges adopt similar “migration” features and whether USDT support continues to narrow to withdrawals and conversions rather than active trading. The next turning point will likely be how quickly the market’s liquidity consolidates around MiCA-approved alternatives like USDC—and whether Tether’s position evolves if regulatory conditions change.

Artificial intelligence remains the dominant investment theme of 2026, but investors are increasingly questioning whether AI stock valuations are keeping pace with reality.

💰 Big Tech continues to invest at an unprecedented scale, with hyperscaler AI spending projected to exceed $800 billion in 2026.

📈 TSMC’s latest earnings showed a 77.4% year-on-year increase in quarterly profit, highlighting that demand for AI chips remains exceptionally strong.

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The debate is becoming increasingly clear.

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📉 Bearish case: Valuations may already reflect years of future growth, leaving little room for disappointment if AI adoption or earnings slows.

The key question for investors is whether technology companies can continue turning record AI spending into sustainable earnings growth—or whether expectations have simply moved too far ahead of fundamentals.

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FTX has scheduled its fifth creditor distribution for July 31, preparing to return nearly $900 million as founder Sam Bankman-Fried’s efforts to secure clemency face political resistance.

According to an FTX press release, the bankrupt exchange will distribute funds to creditors with approved claims in the Convenience and Non-Convenience Classes under its Chapter 11 reorganization plan. Claimants must have completed all pre-distribution requirements by the June 16 record date to qualify.

Eligible creditors will receive their payments through one of FTX’s approved distribution providers. The company has named Kraken, Payoneer, and crypto custodian BitGo among the services handling the transfers.

FTX described the July payment as its fifth distribution since the repayment process began. The company said the round will return almost $900 million to creditors, though it did not provide a breakdown of how much each claim class will receive.

Future record and payment dates will be announced later, according to the exchange. The bankruptcy proceedings also remain active, with the court scheduled to hold omnibus hearings on July 23 and Aug. 16.

Preferred shareholders will receive another $18 million

Alongside the creditor distribution, FTX will issue a second payment to eligible Preferred Equity Holders on July 31. The company said eligibility for this group was also determined using the June 16 record date.

Funds will come from the Preferred Shareholder Remission Fund Trust, which was established to compensate qualifying shareholders. FTX said the upcoming payment will distribute $18 million and raise total payments from the trust to $95 million.

Individual shareholders will receive their funds through Kraken, while BitGo will process payments for institutional recipients, according to the exchange. FTX added that it began contacting eligible Preferred Equity Holders in January to help them complete the required steps.

The dual distribution continues the financial unwind of FTX, which filed for bankruptcy in 2022 after a liquidity crisis exposed a multibillion-dollar shortfall. Under the court-approved plan, distributions depend on claim approval, record-date eligibility and completion of verification requirements.

SBF’s clemency campaign faces political resistance

While creditors await the latest payment, Bankman-Fried has continued seeking a presidential pardon for his criminal conviction. The former FTX chief is serving a 25-year prison sentence after a federal jury found him guilty of fraud and conspiracy charges connected to the exchange’s collapse.

Notably, the U.S. Senate recently rejected a clemency effort involving Bankman-Fried. President Donald Trump has also indicated that he does not plan to pardon the former executive, weakening the prospects of an early release through presidential action.

Criminal cases tied to FTX have continued even as the bankruptcy estate returns money to creditors. Last month, crypto.news reported that a federal judge rejected Michelle Bond’s attempt to dismiss four campaign finance-related charges and scheduled her trial for Nov. 9.

In an order filed in the U.S. District Court for the Southern District of New York, Judge George Daniels rejected Bond’s argument that prosecutors had promised not to charge her if her husband, former FTX executive Ryan Salame, pleaded guilty. Bond’s prosecution was one of the final criminal cases linked to FTX after several former executives faced charges following the exchange’s failure.

President Donald Trump has failed to unlock the stalled CLARITY Act after meeting Senate Republicans, with no revised text released and Polymarket traders cutting its 2026 passage odds to 32%.

Journalist Eleanor Terrett reported on X that the updated bill remained unavailable after Thursday’s White House meeting, where Trump and Republican senators discussed ethics rules tied to the legislation. Industry leaders now expect the text to arrive next week, according to Terrett, extending a delay around one of Washington’s most closely watched crypto bills.

“Updated legislative text remains elusive following yesterday’s meeting between President Trump and Senate Republicans on ethics,” Terrett wrote.

Before the meeting, Republican senators had suggested the draft could emerge shortly after their talks with Trump. Sen. Bernie Moreno told reporters that lawmakers would release the plan once the president received a briefing, adding that journalists would have “a lot of reading to do.”

Moreno is still seeking a Senate vote before the August recess, according to Terrett. Sen. Cynthia Lummis also expressed hope that the language would become public after the White House discussion, although she did not offer a firm timetable.

Passage odds have fallen to 32%

Polymarket traders have lowered the probability of the CLARITY Act becoming law in 2026 to 32% as Republicans and Democrats remain divided over the bill’s ethics provisions. The prediction-market decline has followed growing doubt over whether senators can secure enough bipartisan support to advance the measure.

In New York, the House Financial Services Committee’s Republican members are scheduled to hold a hearing at 10 a.m. ET on the legislation’s potential role in digital-asset development, according to Terrett. She noted that the event is informational and will not influence the Senate’s review of the bill.

The House passed its version of the CLARITY Act in 2025, but Senate negotiators have been working on separate language covering crypto market rules. Any final measure would need enough support to clear the Senate before lawmakers could reconcile it with the House bill.

Democratic ethics demands remain the main barrier

Sen. Ruben Gallego, one of the leading Democratic negotiators, told POLITICO that Republicans had presented ethics language his party could not support. Gallego linked the dispute to Trump’s business interests in the crypto sector and warned that the proposal would not attract the Democratic votes needed for passage.

“At the end of the day, we don’t have strong ethics,” Gallego said. “I don’t care what the president says. You’re not going to have the Democratic votes.”

After reviewing the Republican proposal, Gallego described it as “very weak,” arguing that it gave the president considerable freedom while offering limited consumer protections. A Democratic Senate aide also told POLITICO that the plan taken to the White House fell short of what Democrats would accept.

According to the same aide, Democratic lawmakers had neither reviewed nor approved the draft discussed during Thursday’s talks. The lack of agreement has left Republicans unable to present the delayed text as a bipartisan proposal.

Sen. Cory Booker has maintained that negotiations remain active, telling reporters that bipartisan cooperation is the only route to completing the legislation. Booker also indicated that negotiators should finish those discussions before releasing a new draft, leaving the publication date and Senate vote schedule unresolved.

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A macOS information-stealing malware can hijack Telegram Desktop sessions and compromise cryptocurrency wallets, according to blockchain security firm SlowMist.

The malware harvests data from the macOS Keychain, Safari cookies, Apple Notes, Telegram Desktop and databases associated with more than a dozen cryptocurrency wallets.

After collecting passwords and authenticated sessions, the malware copies users’ authenticated Telegram Desktop session data, wallet databases and browser wallet extension data.

SlowMist said attackers can then attempt to decrypt the stolen wallet databases offline using passwords harvested from the infected device or replace legitimate Ledger and Trezor applications with fake versions that trick users into entering their recovery phrases. The security firm reproduced the attack chain in an isolated environment.

MacOS malware code used to steal keys and passwords. Source: SlowMist

Related: AI has not triggered DeFi ‘hackpocalypse,’ Dragonfly partner says

MacOS malware targets popular crypto wallets

According to SlowMist, the malware combines multiple techniques into a coordinated attack chain, allowing attackers to pursue different methods of compromising cryptocurrency accounts and wallets.

The malware targets software wallets including Exodus, Atomic, Electrum, Wasabi and Monero, as well as hardware wallet applications such as Ledger Live and Trezor Suite, according to SlowMist. It also searches for wallet data stored by full-node clients including Bitcoin Core, Litecoin Core, Dash Core and Dogecoin Core.

Telegram two-step verification does not prevent the attack because the malware reuses an authenticated local session instead of creating a new login, according to SlowMist. In tests, researchers restored stolen Telegram Desktop session data on another Mac without entering a phone number, verification code or two-step verification password.

SlowMist urged users who suspect their devices have been compromised to immediately terminate existing Telegram sessions, establish a new trusted login and change both their Telegram two-step verification password and Telegram Desktop Passcode. The company also recommended generating a new recovery phrase on a clean device and transferring all assets to new addresses.

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