Good evening, this is Markets Desk with your top stories.
Anthropic has filed a confidential S-one draft, formally entering the race to go public alongside OpenAI, with both companies expected to carry valuations north of one trillion dollars. The move signals that the AI capital markets window is opening, and institutional investors are already positioning for what could be the defining listings of this decade.
Shifting to crypto, Strategy took a hit Monday after disclosing a rare bitcoin sale, a move that cut against the company's long-standing narrative of holding the asset indefinitely. Investors have priced Strategy as a leveraged proxy on bitcoin, so any deviation from that posture carries outsized psychological weight, and the selloff reflected exactly that kind of confidence fracture.
And in an unlikely corner of the media landscape, two horror films born from YouTube creators dominated the box office over the weekend, with Backrooms and Obsession together signaling a structural shift in how Hollywood sources its pipeline. The studio model has long controlled the on-ramp to wide release, but this weekend suggests that audience-tested creators are bypassing that gate entirely.
That's the tape. Markets Desk, signing off the floor.
