Live news: Bitcoin dips below $80,000 as stocks rally following Anthropic IPO filing

SpaceX SPCX$146.89·Market Closed CEO Elon Musk caused a stir over the weekend, predicting the imminent collapse of much of the so-called neocloud sector.

“200+ neoclouds are going to see guppy-level death and consolidation,” said Musk. “Some will make it through, but not many.”

These companies rent out computing power for AI workloads. They use contracts with AI labs as collateral to borrow money for massive numbers of GPUs and data center buildouts, putting them in highly leveraged positions — meaning even a modest stumble or higher interest rates can put their equity at risk.

The formerly red-hot stocks of the neocloud sector have already seen severe price declines and questions about solvency.

SpaceX — with its own data centers and sales of computing power — is a competitor with the neoclouds, but is it possible Musk rang the bell for the bottom?

Sharply lower in pre-market action on the Musk remarks, the neoclouds have reversed course and risen on Monday.

Among the gainers: CoreWeave (CRWV) +3.5%, IREN IREN$25.41·Market Closed +4%, Hut 8 HUT$62.93·Market Closed +4.2%, TeraWulf WULF$11.97·Market Closed +8.1%.

In the latest round of cost-cutting at tech giants, Microsoft MSFT$532.61·Market Closed is offering voluntary buyouts to about 60,000 employees, reports Business Insider.

According to regulatory filings, the company employed 223,000 globally as of June 30, down from 228,000 at the end of 2025.

The company has recently employed a combination of layoffs and voluntary programs to trim staff, but none approaching this size.

“The Voluntary Exit Offer reflects an important part of how we’re evolving our approach to change: creating greater flexibility and, where possible, more ways for employees to shape their next chapter,” wrote Chief People Officer Amy Coleman in a memo on Monday.

Galaxy Digital believes bitcoin’s bear market ended in June and that the crypto asset is now in the early stages of what could become its next bull market.

In a research report released Monday, Alex Thorn, Galaxy’s head of research, argued that much of the selling that drove bitcoin down from its October 2025 peak has run its course. Meanwhile, investors who held through the downturn have shown little sign of leaving.

Bitcoin traded around $79,800 on Thursday, roughly 35% below its record high. Thorn believes it can return to at least $125,000, partly because of who’s buying and selling.

Asset managers have cut their net long positions in CME bitcoin futures by 57% since last year’s peak, while spot bitcoin ETFs have added 87,000 BTC since the June low. That suggests speculative traders have pulled back even as other investors continue to accumulate, said Thorn.

Bitcoin’s price charts tell a similar story. The cryptocurrency has climbed back above its 50-week moving average after spending 44 weeks below it, a pattern that has marked the end of past bear markets. Thorn also argued that mounting U.S. debt and the risk of further currency debasement make bitcoin’s fixed supply more appealing.

There are risks. A sustained drop below $76,540 would call the recovery into question, according to Thorn. Nevertheless, his broader point is that bitcoin no longer needs a surge of speculative buying to find its footing as much of that money has already left, and the investors who remain appear willing to wait.

The eagerly awaited IPO filing for AI giant Anthropic was finally filed minutes ago. Lead underwriters are Goldman Sachs and Morgan Stanley.

The company will list on the Nasdaq under the symbol “ANT.” There are no details yet on the amount to be raised or the valuation, though previous reports suggest a raise of as much as $100 billion and a $2 trillion valuation.

In the prospectus, ANT disclosed first-half revenue of $16.3 billion versus $1.2 billion one year earlier.

Bitmine BMNR$20.95·Market Closed added 10,452 ether tokens last week, bringing total holdings to 6.05 million ETH worth more than $14 billion.

Led by Tom Lee, the company now holds 4.95% of the total ETH supply, with a goal of reaching 5% eventually.

Meta META$630.45·Market Closed Monday morning announced an offering of about $35 billion — roughly $22.5 billion in common stock and $12.5 billion of preferred shares.

In addition, the company plans to raise another $60 billion in an at-the-market offering of its new Class C common stock.

“AI is creating significant opportunities for Meta across its core business and new products and services,” said the company. “Meta’s AI investments are already generating tangible returns through increased engagement, improved advertising performance and increased monetization. Meta is also pursuing new opportunities across personal superintelligence, consumer and business agents, enterprise products, and AI glasses.”

Shares are higher by 2% pre-market.

Brent crude is down more than 6% from Friday’s high, trading just below $110 a barrel as hopes of a deal between the US and Iran ease fears of further escalation. The Financial Times reports that Iran is hosting officials from Saudi Arabia, Pakistan and Turkey, following a visit by Qatari officials.

Brazil’s stock market fell 20% after President Luiz Inácio Lula da Silva unexpectedly secured a fourth term in office. The iShares MSCI Brazil ETF is down 26% in pre-market trading.

Bitcoin is holding just above $80,000, while gold trades slightly above $4,000 an ounce. The Invesco QQQ Trust is flat in pre-market trading despite persistent concerns about the AI trade. The US Dollar Index remains firm just below 102, while the US 10-year Treasury yield sits just below 5%.

Microsoft and Amazon report quarterly earnings this week, alongside interest-rate decisions from the Federal Reserve, Bank of Japan and European Central Bank.