Entropy raises $14 million to launch Anthropic pre IPO market

HIP-3 deployer Entropy has raised $14 million in funding, led by Ribbit Capital, and received $40 million in HYPE pledge support. Entropy launches its first Anthropic pre IPO market on Hyperliquid, supporting global stock, commodity, index perpetual futures, and pre IPO equity trading. The Entropy team is composed of personnel from Citadel Securities, Optiver, Polymarket, and Millennium, and is building trading primitives such as liquidity weighted oracle machines.