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Anthropic could overtake SpaceX as the world’s largest IPO at a $2T+ valuation, investors told FT. Investors say booming AI demand and rapidly rising revenue could more than double Anthropic’s current $965B valuation. SpaceX $SPCX currently holds the IPO record at a $1.77T valuation. Anthropic could go public as soon as October.

👆The stock has dropped from $225.64 to around $110, a decline of more than 51%. The correction has also wiped out over $600 billion from Elon Musk's paper net worth, although his stake remains locked until June 2027

this news still in the making

The Federal Reserve kept interest rates unchanged in a 9-3 vote, but three dissenting votes for a hike suggest a potential increase at the mid-September meeting. Fed Chair Warsh indicated the central bank is concerned that persistent inflation has left a lasting impression, suggesting a reduced tolerance for supply-side shocks. Treasury yields rose at the long end of the curve as the bond market reacted to the Fed's stance, effectively tightening financial conditions independent of official rate changes. Risk assets sold off following the meeting, with analysts noting that tightening financial conditions are generally unsupportive for liquidity-sensitive assets like Bitcoin. Current market trends and the potential for a September rate hike reinforce a cautious outlook for Bitcoin, with price targets between $50,000 and $60,000 identified for long-term buys.

https://www.independent.co.uk/us/money/federal-reserve-interest-rates-kevin-warsh-b3024079.html

https://www.ft.com/content/0f9a8575-12ad-4c17-9ee0-50cdab5b8961

*Super Portfolio Selection* Vara Rakesh Sparsh Good news: Noone lost money 😃

🚀 Masterclass Update The current market rewards patience and disciplined research. Although some of our shortlisted projects have already shown encouraging performance, we're taking a few extra days to validate the remaining opportunities before sharing our recommendations. The Hidden Gems Masterclass will now be held on Thursday, 30th July at 9:00 PM IST | 4:30 PM BST | 11:30 AM ET. "Research comes first. Recommendations come second."