According to CoinMeta, Entropy completed a financing round of $14 million, led by Ribbit Capital, and received $40 million in collateral support from Hype. Entropy launched its first Anthropic on the Hyperliquid platform, supporting global stock, commodity, index perpetual futures, and pre-IPO equity trading. The Entropy team, consisting of members from Citadel Securities, Optiver, Polymarket, and Millennium, is working on building trading primitives such as liquidity-weighted predictors.