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Search results for T. Rowe Price

Crypto

Bitcoin jumps 5 percent, reclaims $81,000, breaks September correction view

Bitcoin rebounded strongly, retaking the $80,000 level after three days. It rose 5.53 percent to $81,437, while Ethereum gained 5.27 percent and XRP jumped 9.19 percent. Solana climbed back above $100 and Dogecoin and Zcash surged. The move was linked to easing expectations of a September rate hike and a stronger-than-expected ISM services PMI. Markets are watching key resistance levels and upcoming U.S. policy events for volatility.

AI & Enterprise

How retail investors can gain pre-IPO exposure to Anthropic via ETFs and funds

As generative AI company Anthropic remains private, ETFs and closed-end funds are drawing attention as routes for retail investors seeking pre-IPO exposure. The article notes that these products do not invest directly in Anthropic, so investors should check how much of their money is allocated to the stake, along with costs and liquidity. Several ETFs and closed-end funds are cited as holding Anthropic, but portfolio weights can be limited.

AI & Enterprise

Hypersonic missile startup Castelion raises $800 million in Series C funding

Castelion, a hypersonic missile developer headquartered in Torrance, California, raised $800 million in a Series C funding round, Axios reported on Aug. 20 local time. The round valued the company at $13 billion. JPMorgan Strategic Investments Group, Andreessen Horowitz and Carlyle led the investment, with Lightspeed, Lavrock Ventures, Altimeter, General Catalyst, Interlagos and T. Rowe Price also participating.