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Company

FalconX

FalconX is a cryptocurrency prime brokerage providing trading, lending, custody and settlement services to institutional investors.

Known aliases

  • Falcon X
  • FalconX Holdings
  • FalconX Sandpiper SPC

Current stories

investOne report1 publisher

$21 million of turnover marks Anthropic at $1.95 trillion

Hyperliquid's io:ANTH perpetual marks Anthropic at $1.95 trillion on almost $21 million of 24-hour turnover, MarketWatch reported. A cash-settled bet on a company whose shares do not trade publicly is, in our view, a sentiment gauge.

Publishers:crypto.news

Reality

Evidence55
Adoption8
Hype gap+40
Incentives
Not scored
Confidence50
investOne report1 publisher

21Shares' Anthropic ETP puts FalconX group credit between the buyer and Anthropic's price

21Shares' Anthropic Synthetic ETP, issued Oct. 13, gives buyers an unsecured claim on a Cayman issuer that depends on a FalconX note counterparty. Returns depend on the issuer-and-note chain's ability to pay as well as on Anthropic-linked prices, CryptoSlate reported.

Publishers:cryptoslate.com

Reality

Evidence72
Adoption
Not scored
Hype gap−15
Incentives
Not scored
Confidence62
investOne report1 publisher

Anchorage opens a qualified-custody route for bitcoin treasury firms into Sui's Hashi

Anchorage Digital is a day-one partner on Sui's Hashi, which opens in phases later this month with more than $500 million pledged. Treasury firms can post bitcoin held in qualified custody as collateral, though the cash they raise depends on stablecoin lenders on Sui.

Reality

Evidence45
Adoption15
Hype gap+30
Incentives75
Confidence45
investConfirmed3 publishers

Sui's $500 million Hashi pledge tests whether institutions will put idle bitcoin to work

Sui Foundation has more than $500 million committed to Hashi, its native bitcoin collateral network, from over 20 partners including Anchorage Digital. Those pledges are launch liquidity for an October rollout, so what counts is how much bitcoin institutions actually post once promises have to become deposits.

Perspective Coverage

3 publishers
Builder
Builder 34%
Operator
Operator 33%
Investor
Investor 33%

Reality

Evidence55
Adoption12
Hype gap+30
Incentives70
Confidence60
investOne report1 publisher

Anthropic's IPO would reprice $80 million of crypto perp bets behind $643 million in trading

Anthropic-linked pre-IPO perpetuals traded $643 million on 12 crypto venues through Sept. 21, Binance Research says, more than in all of August. A listing would reprice only the roughly $80 million of positions still open, on a timetable Binance sets.

Publishers:cryptoslate.com

Reality

Evidence55
Adoption40
Hype gap+20
Incentives70
Confidence50
investConfirmed3 publishers

Four more weeks at this pace takes Bitmine to 5% of Ethereum's supply

Bitmine holds 5,983,940 ETH, 4.9% of supply, and the 121,060 tokens still missing cost about $325m at its own reference price, a bill its cash balance covers twice over. Tom Lee expects institutions in the fourth quarter.

Perspective Coverage

3 publishers
Builder
Builder 7%
Operator
Operator 17%
Investor
Investor 76%

Reality

Evidence62
Adoption45
Hype gap+22
Incentives80
Confidence65
investOne report1 publisher

Marathon's $98.6M September Buy Replaces About 6% of the Bitcoin It Sold in Q1

Lookonchain spotted 1,292 coins moving to Marathon through FalconX on September 15. With a 1,000-coin purchase in June, the miner has bought back 2,292 of the 20,880 it sold for $1.5 billion, at a higher price.

Reality

Evidence38
Adoption24
Hype gap+30
Incentives62
Confidence34
investOne report1 publisher

Ethena pays to retire the seed tokens its early backers were already selling

The Foundation bought out the locked allocations of seed investors who had shown they would sell, released everyone else's early, and proposes routing 95% of net revenue into buybacks. That trade rests on a revenue figure the Foundation has not published.

Reality

Evidence30
Adoption54
Hype gap+40
Incentives74
Confidence34
investOne report1 publisher

Hyperliquid's policy arm files to make perpetuals the CFTC's innovation centerpiece

Three HPC filings in four days argue perpetual contracts belong at the center of the CFTC's agenda, while CME's June suit asks a federal court to call the same product a swap rather than a future. Kalshi's approved contract sits between them.

Reality

Evidence38
Adoption34
Hype gap+32
Incentives84
Confidence42
investOne report1 publisher

FalconX and Ethena Wrap $1B of Credit in an SPV, and That Is the Point

The $1 billion facility routes USDe reserves into overcollateralized institutional loans through a bankruptcy-remote vehicle. The structure, not the size, is the news.

Reality

Evidence33
Adoption41
Hype gap+28
Incentives72
Confidence38