- OpenAI perps are down more than 4% over the past 24 hours after briefly slipping under $1.5 trillion, per Hyperliquid perpetual futures pricing.
- Anthropic perps rose 2.4% over the same period, recovering an overnight dip and indicating a valuation of just over $2 trillion.
- CoreWeave shares touched a new one-year low on Thursday, extending a 54% decline over that period on concerns about its debt-financing strategy.
- Open interest is more than five times larger in Anthropic perps (more than $41 million) than in OpenAI perps (less than $7 million).
- The bigger OpenAI perp drop reflects its closer ties to CoreWeave, which had a deal worth at least $22 billion with OpenAI as of September 2025; CoreWeave's April deal with Anthropic did not disclose a value.
- Entropy IO is the current deployer of these pre-IPO contracts, and TradeXYZ typically does not list pre-IPO perps until S-1s are public.
引述
“Liquidity will probably be deeper once TradeXYZ lists these companies”