GameStop reports second-quarter fiscal 2026 results after the market closes on Tuesday.
In a preliminary results press release on August 31, the company said it expects net sales of $780 million to $800 million for the quarter ended August 1, down sharply from $972.2 million a year earlier.
GameStop attributed the decline to a tough comparison against last year’s Nintendo Switch 2 launch, planned store closures, and the divestiture of its France operations.
The same release flagged operating income of $150 million to $170 million and net income of $290 million to $310 million, both well above the prior year.
Investment gains are doing the heavy lifting
Despite falling sales, GameStop expects operating income of $150 million to $170 million, more than double the $66.4 million posted a year ago, and net income of $290 million to $310 million versus $168.6 million last year.
The jump is largely financial engineering rather than retail strength.
GameStop converted its eBay derivative position into a direct equity stake during the quarter, and now holds roughly 43.4 million eBay shares worth close to $4.95 billion.
That stake generated about $238 million in net gains, partly offset by a roughly $75 million loss on digital assets and related receivables.
Wall Street’s consensus EPS of $0.27 already reflects most of this.
The convertible note overhang just got smaller
A day before the preliminary results, GameStop also amended its $1.4 billion convertible note exchange, first announced in early August.
Instead of an open-ended, share-price-linked stock swap tied to a 35-day trading window, the company fixed the terms: noteholders received about 55.5 million shares plus $358.4 million in cash, capping further dilution.
The exchange closed around September 3, leaving roughly $2.8 billion of convertible notes outstanding.
That certainty on share count matters more than usual right now, given GameStop’s proposed acquisition of eBay at $125 a share, payable in cash and stock, which will likely need further equity issuance down the line.
What Wall Street is expecting
Ahead of the print, analysts have penciled in adjusted earnings per share of $0.27 on revenue of roughly $756.85 million, according to estimates tracked by TipRanks and other Street-facing platforms.
Both figures sit inside the ranges GameStop itself flagged in its preliminary release, which is why analysts widely expect Tuesday’s print to confirm rather than surprise.
The bigger swing factor, in their view, is management’s forward commentary rather than the historical numbers.
GME shares closed at $19.16 on Friday, just above their 52-week low of $17.79, and have traded a roughly flat-to-down path over the past week.
The options market is pricing a swing of around 9% in either direction post-earnings, well above the stock’s 6.6% average move over the past four quarters.
Volatility is one of the few constants in financial markets, as Bitcoin and SpaceX have demonstrated with their sharp moves in recent months.
Bitcoin BTC, until last month, was trading under $62,000, and suddenly it’s trading near $80,000.
SpaceX, which was the largest IPO in history, opened above its listing price of $135 and reached $225 at its peak. The stock saw huge volatility and reached a bottom of $104.83. The stock is currently trading near $150.
Is there a company or entity that has an interest in these different sectors of finance? Turns out Bitcoin Japan Corporation is exactly a company like this.
Bitcoin Japan Corporation had a wild journey.
The company was an apparel business, Marusho Hotta, which was founded in 1861, and in 2025, the company changed its name to Bitcoin Japan Corporation and shifted its operations to focus on Bitcoin, artificial intelligence, robotics, and critical minerals.
The company announced in July a ¥9.7 billion (nearly $60 million) funding.
The company has invested in positions in SpaceX and humanoid robotics developer Figure AI, while also preparing for a Bitcoin treasury strategy and exploring upstream rare earth exposure.
In an interview with Invezz, Phillip Lord, Representative Director, President and CEO of Bitcoin Japan, discusses the company’s transformation, its plans for Bitcoin purchases, the outlook for its SpaceX and Figure AI investments, and why it sees rare earths as a strategic part of the AI economy.
Philip Lord, CEO of Bitcoin Japan Corporation
From apparel company to AI and Bitcoin investment platform
Invezz: What changed in your company’s philosophy and due diligence process as you transitioned from an apparel company into a bitcoin-and-AI investment vehicle?
FY2025 was really about building the platform before we tried to run on it: governance, controls, structure, the ability to deploy capital internationally.
We enhanced our internal controls under the J-SOX framework, established structures in Delaware, Cayman and Dubai, and onboarded a new external auditor with capabilities relevant to digital assets, AI and overseas operations.
The legacy apparel business, formerly Marusho Hotta, is now managed separately with a focus on operational improvement.
On diligence specifically: every new-economy investment now goes through an Investment Committee process with defined return thresholds, and, for private and long-dated positions, a long horizon and diversification over time, rather than the working-capital-driven decisions of a traditional apparel business.
Bitcoin treasury strategy: Waiting for the right opportunity
Invezz: Reports suggested that you were going to use some part of the recent fundraising to purchase Bitcoin for a Bitcoin treasury. Can you comment on that? Would you consider becoming a Bitcoin corporate treasury under the current climate due to lower prices, or is it better to wait for better pricing opportunities?
I can tell you what’s on the public record: of the recent net proceeds, a defined allocation was set aside as a re-raise of Bitcoin capital that went unfunded last time.
Bitcoin remains part of our strategy as strategic treasury capital, not as a total to be maximised. On timing, we don’t give price targets, because that would compromise our ability to act with discipline.
What I can say is that the infrastructure is operational: custody, multi-signature governance, J-SOX controls and legal and accounting opinions on classification and treatment were all built before any purchase, not after.
We declined to buy at past price levels when our criteria weren’t simultaneously met, and we see that patience as protecting long-term value per share, not as hesitation.
The question has never been if; it’s when, and that will be governed by risk-adjusted opportunity, not by short-term sentiment about price.
SpaceX investment offers exposure to AI infrastructure
The company had announced an investment in SpaceX through its US subsidiary in May 2026. The investment is part of the company’s investment thesis to invest in multiple aspects of AI infrastructure.
Invezz: You invested in SpaceX. How would you evaluate the company’s post IPO performance so far? What are your expectations from the investment?
We entered at $122 per share, and the reference valuation at the end of June 2026 was around $153, so on a disclosed basis, that’s tracking well ahead of our entry point.
But I’d caution against reading too much into one data point over a short window; we mark this position quarterly and will let that record speak over time rather than calling it early.
What gives us confidence in the underlying business is the infrastructure role it plays: global launch capacity, satellite connectivity, sovereign-scale communications infrastructure.
That’s the physical layer underneath the AI and compute buildout. Our expectation isn’t a short-term trading return; it’s that this is one of the more important infrastructure platforms globally, and we wanted exposure to it at a price we considered attractive.
Invezz: You have also invested in Figure AI, the robotics developer. Is that your way of diversifying into multiple aspects of AI development?
Yes, though I’d frame it less as diversification for its own sake and more as completing the picture.
AI doesn’t live only in software; it needs to move into the physical world, and Figure AI’s humanoid robots for manufacturing, logistics and warehousing are part of that shift.
It also aligns directly with our own Robotics-as-a-Service strategy here in Tokyo, so it isn’t a standalone bet, it’s connected to an operating business we’re building.
That said, the position is currently held at cost; we haven’t published a reference valuation for it yet, and we’ll extend our standard quarterly marking policy to it once one is available, rather than asserting a return prematurely.
Why Bitcoin Japan prefers upstream rare earth exposure
With $20 million of its nearly $60 million funding earmarked for rare earth mining, Bitcoin Japan is targeting the supply-constrained end of the AI and defence value chain.
The company sees upstream exposure as a way to capitalise on the strategic importance of critical minerals, particularly given China’s dominance of rare earth refining and Japan’s reliance on imports.
Invezz: What are the advantages of investing in upstream rare earth exposure ratherthan downstream investment?
Rare earths sit at the very bottom of the AI and defence value chain; they’re one of the scarce physical inputs everything above depends on.
China refines roughly 92% of NdPr and 98-99% of heavy rare earths globally, and Japan imports nearly all of what it uses, so there’s a real single-supplier dependence here.
Downstream, you’re competing on manufacturing scale and margin in a chain that’s already dominated by others.
Upstream, you’re closer to the scarcity itself, and that’s where we believe the strategic and pricing power sits, particularly as governments, including the G7 and Japan’s own Prime Minister, have named securing these materials a national priority this year.
To be clear, we’re not trying to become a mining company in the traditional sense; we’re pursuing upstream exposure where scarcity, policy support, and Japan’s national interest line up, phased and subject to diligence.
Building an AI value chain across multiple investments
Invezz: Do you see a direct supply-chain link between the mine investment and the SpaceX and Figure AI positions, or are these separate legs of the portfolio?
I’d describe it as a connected thesis rather than a direct, contracted supply chain today.
Think of it as the AI value chain end to end: rare earths and minerals at the base, then chips and compute, then physical AI like robotics, then the platforms, like satellite and launch infrastructure, that let all of it operate at scale.
We’re not trying to own every layer, but we’re deliberately taking positions at different points in that chain where capital efficiency, growth and Japan’s strategic edge align.
Over time, we’d expect some of these positions to reinforce each other; for instance, rare earths feed directly into robotics manufacturing, but I wouldn’t want to overstate a formal supply agreement that doesn’t yet exist.
Bombardier stock will come under pressure when markets reopen after the long weekend as investors react to the new threat from President Donald Trump. This comes at a time when it remains in a bear market after falling by 27% from its highest point this year. Still, there are several reasons why Trump’s threat will not have a major impact on the company.
President Trump cannot just ban Bombardier
In a Truth Social post on Monday, President Trump announced that the US will prevent Bombardier from selling its jets in the United States as the trade war with Canada escalated.
Trump argued that Canada was unfair to the United States, repeating his claim of the large trade deficit that the US has with the country. He also noted that Canada delayed the approval of Gulfstream.
Trump was right to note that the US is the biggest market for Bombardier, and a ban would have major implications on its business.
However, the question is whether Trump can use his presidential power to ban Bombardier from selling its planes in the United States. For one, the FAA has already certified all Bombardier planes that are sold in the US. Also, the planes comply with the USMCA deal that Trump negotiated in his first term. USMCA was passed by the Senate and signed into law, meaning that he would need congressional approval to ban it.
Most importantly, Bombardier, if banned, may use the legal system to overturn it. Trump has already had major losses in the Supreme Court, including on tariffs.
Additionally, Canada would respond by banning US jets by companies like Boeing and Gulfstream, which is owned by General Dynamics.
Bombardier has a large US presence and buys US parts
Most importantly, Bombardier has a large presence in the United States, with over 1,000 employees in the country. It also uses many US suppliers, who would be hurt if its business slows down.
The company uses engines made by companies like Pratt & Whitney, GE Aerospace, and Honeywell. All these are American companies. It also uses products from companies like Collins Aerospace, Parker Hannifin, TransDigm Group, RTX, and Parker Aerospace.
As such, banning Bombardier would have a big impact on US business, which raises the possibility of a TACO moment. TACO stands for Trump Always Chickens Out.
The most recent earnings report showed that Bombardier’s business continued growing steadily. Its revenue rose from $2.03 billion in the second quarter of last year to $2.15 billion in the second quarter of this year. Most of this revenue comes from its manufacturing segment followed by the services.
Its profits also continued to rise, with the adjusted EBITDA moving to $325 million from $297 million in the same period last year.
Bombardier stock price analysis
Bombardier stock chart | Source: TradingView
The daily chart shows that the Bombardier share price has remained in a bear market in the past few weeks. It dropped from a high of $378 in July to the current $311.90. It moved below the lower side of the ascending channel.
The stock has remained below the 50-day moving average and the Major S/R pivot point of the Murrey Math Lines too. Looking forward, the stock will likely resume under pressure as investors react to Trump’s threat. It will then bounce back, possibly to the strong pivot reverse level of $343 as the fears ease.
US stocks may have further room to rise despite elevated valuations, as the earnings and productivity gains generated by artificial intelligence are not yet fully reflected in equity prices, according to HSBC’s Willem Sels.
According to Bloomberg, Sels, global chief investment officer at HSBC Private Bank and Premier Wealth, said investors remain skeptical about the sustainability of corporate earnings growth, particularly among technology and semiconductor companies.
But he argued that the market’s valuation premium has already narrowed compared with Europe.
“The US is not expensive. The markets are questioning the sustainability of earnings growth, but that’s in the price because that gap has closed,” Sels said in a Bloomberg Television interview.
The S&P 500 currently trades at roughly 19 times forward earnings, compared with nearly 15 times for Europe’s Stoxx 600.
While that represents a premium for US equities, Sels believes the difference is increasingly justified by stronger earnings growth and the scale of AI investment.
AI earnings could support US stocks
Sels pointed to the widening gap between companies adopting AI and those that have yet to embrace the technology.
Businesses using AI are already showing stronger revenue, earnings and margin growth, particularly in the US, he said.
That suggests investors may still be underestimating the economic benefits of the technology as companies move from experimentation to more widespread deployment.
Semiconductor stocks are a particular example.
Sels said investors are effectively discounting some companies because they question whether earnings forecasts for 2027 can be achieved.
He expects that skepticism to diminish as companies provide greater visibility through order books, customer demand and guidance.
The argument comes as US corporate earnings continue to surprise on the upside.
S&P 500 earnings per share jumped 50.7% in the second quarter from a year earlier, accelerating sharply from 19% growth in the first quarter.
Even excluding mark-to-market investment gains, earnings increased 25%.
Forward earnings also climbed to a record $401.75 a share last week, suggesting that corporate fundamentals remain resilient despite geopolitical tensions, elevated energy prices and uncertainty surrounding monetary policy.
That strength has helped support the broader equity market.
S&P 500 forward price-to-earnings multiples have fallen about 12% since the beginning of the year even as the index has gained roughly 13%.
Bond yields remain the biggest threat
The main threat to the bullish outlook is not necessarily equity valuations but a sharp increase in bond yields.
Sels identified a 10-year US Treasury yield of around 5% as a level that could trigger significant volatility in stocks.
Higher yields make bonds more attractive relative to equities while also increasing borrowing costs for companies.
“The bond market has been back in the driving seat for stock investors recently,” as rising oil prices, inflation concerns, fiscal pressures and expectations for tighter monetary policy have pushed Treasury yields higher.
JPMorgan’s Grace Peters has also described a 5% 10-year Treasury yield as psychologically important, while Barclays’ Emmanuel Cau warned that such a move could make investors more concerned about equity valuations.
The risk is particularly relevant as companies increase borrowing to finance AI infrastructure, data centers and other capital-intensive projects.
Higher financing costs could ultimately weigh on corporate earnings and investment.
Still, Sels remains broadly bullish on equities, arguing that businesses and economies have repeatedly proved more resilient than investors expected.
Veteran economist Ed Yardeni has indicated that he may need to raise his already bullish 8,400 year-end target for the S&P 500.
For Sels, the combination of improving earnings, AI-related productivity gains and resilient businesses provides a powerful tailwind for stocks.
The key question for investors is therefore whether earnings growth can continue to outpace concerns over valuations and bond yields.
So far, the earnings data suggest that it can. But with Treasury yields climbing and the 10-year note approaching levels that investors consider dangerous for equities, the bond market could determine whether the next leg higher in US stocks is sustained.
US stocks opened lower on Tuesday as renewed Middle East hostilities pushed oil prices higher, while investors prepared for key inflation data later this week.
The moves come after a volatile period in which markets reassessed expectations for Federal Reserve policy following comments from Fed Governor Christopher Waller and stronger-than-expected August employment data.
The Dow Jones Industrial Average fell 471 points while the S&P 500 slipped 0.16% and the Nasdaq Composite declined 0.09%.
The shortened trading week will be dominated by the Producer Price Index on Thursday and the Consumer Price Index on Friday.
Markets are currently pricing in about a 58.4% probability of a rate hike at the Federal Reserve’s September meeting, according to the CME FedWatch tool.
Middle East tensions push oil prices higher
The ongoing US-Iran conflict remained a major concern for investors as renewed military activity raised the prospect of disruptions to energy supplies.
Yemen’s Tehran-backed Houthis attacked energy facilities and cities in Saudi Arabia, while Israel carried out strikes in southern Lebanon.
Shipping traffic through the Strait of Hormuz also slowed, with Iran threatening retaliation against further US attacks.
The developments have added to concerns about the potential impact of higher energy prices on global inflation.
Brent crude futures rose 1.64% to $98.59 a barrel in one market reading, reaching their highest level since July 24.
Separately, Brent futures were reported up 2.3% at $99.22, while West Texas Intermediate crude gained 3.3% to $94.54.
Energy stocks benefited from the move, with Marathon Petroleum and Occidental Petroleum gaining in trading.
Higher oil prices, however, could create additional inflationary pressure and complicate the Federal Reserve’s policy outlook.
Treasury yields also remained elevated.
The benchmark 10-year Treasury yield rose 0.42 basis points to 4.7882% on Tuesday, while yields had recently reached their highest levels in years.
Higher risk-free yields can make equities relatively less attractive to investors.
Inflation data takes center stage for Fed outlook
Investors are now awaiting this week’s inflation figures for further clues about the Federal Reserve’s next policy decision.
The data will follow August’s stronger-than-expected jobs report, which showed the US economy added 162,000 jobs while the unemployment rate remained at 4.1%.
The stronger labor-market reading increased expectations for a September rate hike, while Waller had previously indicated that he could support keeping rates unchanged if inflation pressures continued to ease.
The inflation reports could therefore shift market expectations again, particularly if higher energy prices begin to feed into broader price pressures.
Markets will also monitor how Federal Reserve Chair Kevin Warsh responds to the latest economic data.
Tech stocks show mixed performance
The broader market remained mixed across sectors in trading. Chip stocks gained amid continued optimism surrounding artificial intelligence. Intel rose 5.54%, while Nvidia was unchanged with a 0.04% gain.
Cryptocurrency-related stocks moved lower as Bitcoin retreated from the $80,000 level. Coinbase declined 3%, while Strategy fell 5%.
Investors are also facing renewed trade tensions between the US and Canada.
Canadian retaliatory tariffs on about $20 billion of US goods were set to take effect Tuesday, while President Donald Trump said Canadian aircraft manufacturer Bombardier would not be able to sell in the US unless Canada begins producing its products domestically.
With oil prices rising, inflation data approaching and trade tensions resurfacing, investors face several potential sources of volatility during the shortened trading week.
Arbitrum price has made a strong bullish breakout, reaching its highest level since January this year. ARB jumped to $0.1950, up by 175% from its lowest level this year, making it one of the best-performing tokens in the crypto industry. This surge has happened amid the ongoing Robinhood Chain growth.
Arbitrum Price Jumps as Robinhood Chain momentum continues
ARB price has done well in the past few days, helped by Arbitrum’s relationship with Robinhood, the giant American fintech company. Robinhood Chain is built on top of Arbitrum Orbit framework. As part of its arrangement, chains built on Arbitrum’s stack pay a 10% fee on their net chain profit back to the Arbitrum ecosystem.
Data shows that Robinhood Chain’s fees have gone parabolic. It has already made over $21 million fees this month so far after generating $6.65 million in August. It made $3.5 million in July when it was launched. This surge is because of the growing role in the decentralized finance and real-world asset (RWA) tokenization industry.
These numbers mean that Robinhood Chain will likely continue thriving in the future, a move that may see it challenge Base, the layer-2 network that Coinbase owns. This growth will translate to more activity on Arbitrum. Indeed, data shows that Arbitrum Foundation has made over $2.1 million this month, much higher than the $710k it made last month.
Meanwhile, data shows that Arbitrum’s role in the real-world asset (RWA) tokenization industry is improving. The network’s total value locked (TVL) in the RWA industry crossed the $1 billion milestone, with the number of accounts rising to 9,600. This is important because RWA is one of the biggest use cases for the blockchain industry.
The ongoing ARB token surge is happening in a high-volume environment. Its 24-hour volume jumped to over $982 million, much higher than other tokens. This surge is happening as the Altcoin Season Index continues rising, and the Fear and Greed Index moves to 75.
ARB Price Technical Analysis
Arbitrum price chart | Source: TradingView
Technicals also explain why the ARB token price is doing well. The daily chart shows that this rebound happened after it remained inside a narrow range for months. It stayed between the support level of $0.07080 and the resistance level of $0.1017. In most cases, this consolidation is usually a sign that investors are accumulating the token.
The coin has now jumped above the 50-day moving average, while the Relative Strength Index (RSI) has soared to the overbought level of 85. These indicators suggest that the momentum is continuing.
The risk, however, is that the coin has become highly overbought, which may lead to some profit-taking. If this happens, the coin may retreat and retest the key support level of $0.1491, its highest point on May 9.
Zcash price has gone parabolic, pushing it to its all-time high, making it one of the best-performing tokens. ZEC jumped to $1,171, up by 530% from its lowest level this year and nearly 4,000% from last year’s low. This surge has brought its market capitalization to nearly $20 billion, making it the 20th-biggest coin in the industry.
Zcash has overtaken Dogecoin, Monero, and Chainlink
ZEC price has been one of the best-performing coins since last year, when it went parabolic following years of consolidation. This surge has coincided with the rising demand for privacy tokens, including popular names like Monero and Dash.
Zcash has soared as demand from retail and institutional investors has remained at an elevated level. For example, the recently launched Grayscale Zcash ETF (ZCSH) has gained substantial assets and now has gained over $463 million in assets under management (AUM). This growth makes it one of the fastest-growing ETFs in the crypto industry.
Zcash is also seeing more usage in its shielded addresses. Data shows that the number of shielded tokens has risen in the past three consecutive weeks. It jumped to 4.85 million tokens, the highest level since June, and much lower than last month’s low of 4.32 million.
The shielded address aspect is an important one because of how Zcash works. Zcash is a crypto project similar to Bitcoin. The only difference is that it offers two types of tokens: shielded and unshielded. Users selecting shielded addresses prefer to have their transaction details private.
In this case, transaction details like the sender, receiver, and amounts are hidden from the public. This is different from other top cryptocurrencies, where the transaction details are in a public ledger. As a result, Zcash has become popular among users who prefer private transactions.
It is also popular in cybercrime operations, a move that has become relevant because of its deep liquidity. For example, data shows that the token had a 24-hour volume of over $1.6 billion, higher than most tokens. The amount of ZEC tokens in exchanges has also continued falling, a sign of the rising accumulation.
Regulations have also helped Zcash and other privacy tokens. Under Gary Gensler, regulators took a tough stance on privacy tokens, arguing that they were promoting illicit activity. This has changed during the Trump administration.
Zcash price technical analysis
ZEC price chart | Source: TradingView
The daily chart shows that the ZEC price has gone parabolic in the past few months. It has already jumped above the crucial resistance level of $688, its highest level in May this year and November last year. Moving above that level confirmed the bullish outlook.
The token has also moved above the bullish pennant pattern it formed in August. This pattern is made up of a vertical line and a symmetrical triangle. In most cases, this pattern normally leads to more gains.
These patterns suggest that the token may surge to the resistance level of $1,500. The risk, however, is that the token has become highly overbought and has diverged from the historical moving averages, raising the possibility of a mean reversion.
The crypto market is doing well this weekend, with altcoins doing better than Bitcoin. Some of the top gainers are coins like Arbitrum (ARB), Zcash (ZEC), and PancakeSwap (CAKE). This article provides a forecast for top coins like Dogecoin (DOGE), Ripple (XRP), and Venice Token (VVV).
Dogecoin price prediction
The daily chart shows that the DOGE price has remained inside a narrow range in the past few months. It remained between the support and resistance levels of $0.067 and $0.0790 between June 24 and August 20th. In some instances, this consolidation is usually a sign that investors are accumulating the token.
DOGE price has now moved above the important resistance level of $0.0790, confirming a bullish breakout. It has also retested it, in a process known as a break-and-retest, which is a common continuation sign in technical analysis.
The token has remained above the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has jumped above the neutral level of 50.
This performance has coincided with the higher volume, with the 24-hour figure rising to over $1.49 billion. Its futures open interest have risen, a sign that investor demand is rising. However, DOGE ETF inflows have struggled, with their outflows hitting $343k this month.
Therefore, technicals suggest that the DOGE token may continue rising in the foreseeable future, with the next key resistance level to watch being at $0.1183, its highest level in May this year. Such a move would imply a 30% surge from the current level.
XRP price forecast
XRP token has held steady in the past few weeks and is hovering near its highest level in August. This rebound happened after it formed a falling wedge pattern, which is made up of two descending and converging trendlines. This pattern normally leads to a strong bullish breakout.
The token’s rally has coincided with the ongoing demand for its ETFs. XRP ETF inflows jumped by over $159 million last month and have already added over $13 million this month. The supply in key exchanges like Binance and Coinbase has continued to fall.
Technically, XRP has moved above the 50-day moving average, a sign that bulls are in control for now. It has formed a bullish flag pattern. Therefore, there is a likelihood that the coin will have a strong bullish breakout, potentially to this month’s high of $1.6975.
XRP price chart | Source: TradingView
Venice Token price forecast
The VVV token has rebounded in the past few days, moving from a low of $9.88 in July to the current $17.05. It has jumped above the important level of $14.71, its highest level on July 26 and the neckline of the double-bottom pattern.
The token has moved above the 50-day moving average. However, there are signs that it has formed a double-top pattern at $18.48 and a neckline at $16. This pattern suggests that a reversal is possible. Similarly, the Relative Strength Index (RSI) has dropped from the overbought level of 80 to 60.
VVV price chart | Source: TradingView
On the positive side, the token may benefit from the upcoming Anthropic IPO, which may boost top AI coins. If this happens, the token may jump to the year-to-date high of $21.41, which is about 25% above the current level.
Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and prospectus release date are coming out.
Goldman Sachs and Morgan Stanley scoop major roles
One of the closely-watched move whenever a company as large as Anthropic is going public is the selection of bankers who will lead the process. In this case, there are reports that Morgan Stanley and Goldman Sachs will be the ones to do this. Morgan Stanley will have the “lead left” role, while Goldman Sachs will be the stabilization agent, ensuring that the stock trades well after its IPO.
Other banks expected to participate in this process will be Barclays and JPMorgan. Eventually, all these companies will likely share over $500 million in fees. In the last SpaceX IPO, they shared a pool of $500 million, with Goldman Sachs and Morgan Stanley taking $100 million each.
Anthropic prospectus may come as soon as this week
Another important aspect is the filing of the prospectus, which is normally known as the S1. This is an important document that shares all the vital details in a company. It includes details such as its business process, profits, revenues, and its free cash flow.
The document is vital because Anthropic has been a private company and has not been obligated to release any documents. With it going public, it will now need to provide more information to help investors make solid decisions.
The prospectus will also help it during its roadshow, a process where the management talks to investors. According to the FT, this prospectus will be filed with the SEC as early as this week.
Anthropic total addressable market (TAM)
Anthropic has made several important announcements in the past few months. For example, the management sees the total addressable market at $30 trillion, higher than SpaceX’s $28 trillion.
The most recent disclosures also showed that its revenue continued soaring this year, with the revenue run rate hitting $65 billion at the end of July. That was a sevenfold increase from a year ago, and is higher than what OpenAI made.
Anthropic has overtaken OpenAI by focusing on its models, which are the most advanced in the industry. This growth helps it charge more money than OpenAI by focusing on corporate clients.
The risk, however, is that its growth is coming at an enormous cost, with the company spending billions of dollars a month. It is paying SpaceX over $1.5 billion a month for computing capacity and has inked more deals recently.
The upcoming Anthropic IPO will benefit some of its biggest investors. Amazon’s stake in the company will be over $400 billion thanks to its $8 billion investment. Other companies set to benefit are Google and Nvidia.
BNB is entering a new price range as the token pushes above the $740–$760 supply zone, but the move is arriving alongside fresh activity across the BNB Chain. The network is expanding into AI agents, payments, tokenized assets and high-throughput infrastructure, while maintaining roughly 4.5 million daily active users based on its latest reported 2026 …
