HD_Derive

🚨SCOOP: The Senate Banking Committee is preparing to notice a markup for the Clarity Act as soon as tomorrow and has circulated draft legislative text to select industry members ahead of a potential Thursday vote, according to multiple industry sources who have seen the text. The language is reportedly still being finalized, with additional edits expected to reflect priorities from Democratic offices. One source told me the overall vibes after reviewing the bill and coordinating with other industry leaders are positive so far, though some bracketed sections are raising concerns that key provisions previously thought to be settled may still be in flux.

Anyone have an idea what’s going on with the pre-IPO $ANTHROPIC market on HIP-3 Ventuals? Price has been fluctuating in a +/-20% range over the last few weeks. Meanwhile funding is swinging VERY aggressively: from relatively normal levels at a $1160 price yesterday to sharply positive funding today (longs paying shorts ~1% per hour) at a $930 price (??). At the same time, the ANTHROPIC index valuation from Notice (which Ventuals uses for indexing) is currently $469B or equivalent to roughly $469 on the perp. How does this whole mechanism even work?