Crypto exchanges disclosed several developments, including a planned adjustment to Bitget’s Anthropic pre-IPO perpetual futures, temporary withdrawal restrictions on two blockchain networks, and Binance Wallet’s decision to end support for Blast. In today’s crypto roundup, the most consequential disclosures concern how a private company’s estimated share count affects derivative pricing, and how holders of assets on a discontinued blockchain will retain access to their funds.
Bitget’s Anthropic Perpetuals Still Use a 1 Billion Share Assumption
Bitget disclosed on November 11 that its ANTHROPIC stock perpetual contracts are priced using an estimated 1 billion shares outstanding, a temporary figure that differs substantially from the capitalization now outlined in Anthropic’s IPO prospectus.
The exchange said the assumption will be replaced with an official share count when the company confirms its capitalization. Bitget plans to adjust contract prices and position quantities proportionally, while suspending trading for approximately two hours during the conversion.
Anthropic filed its initial public registration statement on October 26, 2026, seeking a Nasdaq listing under the ticker ANT. Its November 10 SEC filing provides a more concrete basis for assessing the difference between Bitget’s synthetic pricing assumptions and the company’s anticipated equity structure.
That prospectus specifies approximately 13.087 billion shares across Anthropic’s common-stock classes following the proposed offering and concurrent private placement, excluding exercise of the underwriters’ additional-share option. The projected figure is roughly 13.1 times Bitget’s existing assumption of 1 billion shares.
The SEC filing also establishes an indicative IPO price range of $70 to $78 per Class A share, with 825 million shares offered publicly. At the upper end, the proposed valuation approaches $1.02 trillion, as examined in DaveFinances’ analysis of Anthropic’s IPO valuation and offering structure.
Those 825 million shares represent the proposed public offering, not Anthropic’s entire share capital. The difference is quite large, and easy to miss when looking only at the offer size.
The proposed post-offering capitalization is not final, and Bitget has not confirmed whether it will use that precise figure in the eventual adjustment. Nevertheless, the November 10 prospectus supplies an official projected share count that was already availble when Bitget reiterated its temporary assumption on November 11.
Bitget originally disclosed the 1 billion-share estimate when it launched ANTHROPICUSDT perpetual futures on June 2. The November announcement therefore provides further details about the conversion rather than revealing the estimate for the first time.
Bitget Plans to Preserve Position Values During Contract Repricing
Bitget says the share-count adjustment will change the displayed price and quantity of outstanding contracts without changing their notional value or unrealized profit and loss at the moment of conversion.
The exchange illustrated the process using a hypothetical increase in the assumed share count from 1 billion to 10 billion.
In that example, the reference price falls from 1,500 USDT to 150 USDT, while an existing position of 10 units becomes 100 units. The entry price similarly decreases from 1,000 to 100 USDT.
The resulting position retains a notional value of 15,000 USDT and unrealized profit of 5,000 USDT. The price falls 90%, but the holder owns ten times as many contract units.
There is also a small arithmetic inconsistency in the publised illustration. One row displays the original position value as 1,500 multiplied by 100 equaling 15,000, although the original quantity is 10. The correct calculation is 1,500 multiplied by 10. This appears to be a documentation error rather than evidence of an incorrect trading-system adjustment.
Bitget says it will automatically process the conversion without requiring traders to close or reopen positions. It also intends to rename the ANTHROPIC contracts ANT after Anthropic’s official listing.
But preserving the position’s value during a mathematical conversion is not the same thing as eliminating market risk around the event.
Traders remain exposed to price movements before and after the adjustment, funding payments and the exchange’s margin calculations. Bitget’s announcement does not provide detailed examples showing how liquidation thresholds, pending orders or price-reference calculations will be handled during the transition.
The platform’s original product specifications allow trading around the clock with leverage of up to 20 times and funding settlements every eight hours. The contracts provide synthetic exposure rather than ownership of Anthropic shares, and do not confer shareholder rights.
This differs from the exchange-sourced market-data infrastructure examined in DaveFinances’ earlier coverage of Bitget’s expansion into traditional financial derivatives. Anthropic’s shares have not yet begun ordinary public trading, leaving the pre-IPO product without a continuously traded underlying stock price.
The mechanics are described, at least in principle. The exact conversion factor and the treatment of leveraged positions through the trading suspension remain to be confirmed in a seperate implementation notice.
Bitget Restores Arbitrum USDT Withdrawals After Maintenance
Bitget separately announced two network-specific withdrawal suspensions on November 11, affecting USDT transfers through Arbitrum One and SUI withdrawals through the native Sui network.
The Arbitrum restriction was attributed to wallet maintenance and took effect at 07:09 on November 12 in UTC+8, equivalent to 23:09 UTC on November 11.
Bitget subsequently published a November 12 restoration notice at 08:03, confirming that USDT withdrawals through Arbitrum One had reopened. The earlier suspension therefore should not be described as ongoing.
The SUI restriction began at 00:00 on November 12 in UTC+8, equivalent to 16:00 UTC on November 11. Bitget also cited wallet maintenance and initially provided no reopening timetable. A corresponding restoration announcement could not be confirmed from the notices reviewed.
Neither announcement established a blockchain-wide outage, a loss of customer funds or an interruption affecting all Bitget withdrawal methods. The restrictions concerned two specific asset-network combinations.
It was two maintenance notices, not one platform-wide shutdown.
Bitget did not disclose the number of affected withdrawal requests, their aggregate value or technical details of the wallet maintenance. The confirmed Arbitrum restoration resolves one of the operational questions, while the SUI service’s subsequent status requires additonal confirmation.
Binance Wallet Sets November 30 Deadline for Blast Support
Binance Wallet announced on November 12 that it will discontinue support for the Blast blockchain on November 30, 2026, at 10:00 UTC, introducing another deadline for holders of assets associated with the network’s shutdown.
After that date, users will no longer be able to view, send or receive Blast assets through Binance Wallet. The restriction concerns the wallet’s display and management functions rather than an announced termination of every possible route to the underlying assets.
Binance said customers may continue claiming eligible assets through Blast’s official fund-recovery website, provided the service remains operational.
The announcement also warns that balances displayed in Binance Wallet after the chain shutdown may not accurately reflect users’ actual holdings.
This introduces a seperate operational dependency for remaining holders. Instead of relying on Binance Wallet’s interface, they will need to use Blast’s designated recovery mechanism and understand the applicable withdrawal process.
The announcement follows Blast’s October decision to terminate its Ethereum Layer 2 network after concluding that ongoing operating expenses exceeded network revenue.
As previously reported in DaveFinances’ coverage of Blast’s shutdown and exchange restrictions, the closure prompted trading warnings from South Korean exchanges and the removal of BLAST perpetual futures on Bybit.
Blast’s original wind-down schedule gave users until October 26 to withdraw through its normal interface, with subsequent withdrawals requiring direct interaction with Ethereum Layer 1 bridge contracts.
Binance’s November announcement adds a wallet-support deadline after that earlier network withdrawal milestone. The exchange specifically recommends managing or transferring Blast assets before November 30.
For users who do not act before the deadline, continued recovery access will depend on the availability of Blast’s designated service and the eligibility of their assets for recovery.
Binance has not provided a termination date for the recovery website or disclosed the value of Blast assets still held in affected wallets.
There is still a route to make claims, Binance says, but it will not remain inside the familiar wallet interface.
The latest developments leave two distinct operational tests ahead. Bitget must convert its Anthropic contracts against an eventual official capitalization without disturbing the economic value of open positions, while Blast holders face another deadline separating routine wallet access from an external recovery process. Both involve the same practical consideration for traders: how platform rules and technical changes affect assets or positions that customers already hold.
Johan Shamshad is Editor-in-Chief at Dave Finances, covering financial markets, digital assets, trading platforms, brokers, fintech, payments and regulation. Since 2023, he has also worked as an editor at Gulf News, the UAE English-language newspaper published by Al Nisr Publishing LLC. His work focuses on market-moving developments, company disclosures, regulatory changes and trading infrastructure, with an emphasis on primary-source verification and practical context for traders and investors.