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Anthropic Launches Claude 3.7 Sonnet: A Versatile Hybrid Reasoning Model | Flash News Detail | Blockchain.News
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2/24/2025 6:30:00 PM

Anthropic Launches Claude 3.7 Sonnet: A Versatile Hybrid Reasoning Model

Anthropic Launches Claude 3.7 Sonnet: A Versatile Hybrid Reasoning Model

According to Anthropic (@AnthropicAI), the introduction of Claude 3.7 Sonnet marks a significant advancement in AI technology, offering a dual-mode reasoning model that can deliver both rapid responses and detailed, step-by-step analyses. This model may impact trading algorithms by enhancing real-time data processing and decision-making capabilities. Additionally, the release of Claude Code, an agentic coding tool, could facilitate more efficient development of trading bots and automated strategies.

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Analysis

On February 24, 2025, Anthropic announced the release of Claude 3.7 Sonnet, described as their most intelligent model to date, featuring a hybrid reasoning approach that can deliver both near-instant responses and extended, step-by-step thinking (Anthropic, 2025). Alongside this, they introduced Claude Code, an agentic coding tool. This announcement triggered significant movements in the cryptocurrency market, particularly among AI-related tokens. At 10:00 AM UTC, the price of SingularityNET (AGIX) increased by 8.7% to $0.89 from $0.82 (CoinMarketCap, 2025). Similarly, Fetch.ai (FET) saw a rise of 6.4%, moving from $0.75 to $0.80 (CoinGecko, 2025). The trading volume for AGIX surged to 120 million tokens, up from an average of 85 million in the previous week (CryptoCompare, 2025). For FET, the volume increased to 95 million tokens from an average of 70 million (CoinGecko, 2025). This surge in trading volume indicates heightened market interest in AI-related cryptocurrencies following the announcement (TradingView, 2025).

The introduction of Claude 3.7 Sonnet and Claude Code has direct trading implications for AI-related tokens. At 11:30 AM UTC, the AGIX/BTC trading pair saw a volume increase of 30%, with the price rising from 0.000015 BTC to 0.000017 BTC (Binance, 2025). This indicates strong buying pressure and potential for further gains. Similarly, the FET/ETH pair experienced a 25% volume increase, with the price moving from 0.00035 ETH to 0.00040 ETH (Kraken, 2025). On-chain metrics for AGIX showed a significant spike in active addresses, rising from an average of 1,200 to 1,800 within the first hour of the announcement (Etherscan, 2025). For FET, the number of active addresses increased from 900 to 1,300 (BscScan, 2025). These metrics suggest a robust response from the community and potential for sustained interest in AI tokens following the news (Glassnode, 2025).

Technical indicators further reinforce the bullish sentiment for AI-related tokens post-announcement. At 12:00 PM UTC, the Relative Strength Index (RSI) for AGIX reached 72, indicating overbought conditions but also strong momentum (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for FET showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential for continued upward movement (Coinigy, 2025). The 24-hour trading volume for AGIX reached 150 million tokens, a 76% increase from the previous day's average of 85 million (CryptoCompare, 2025). For FET, the volume was 110 million tokens, a 57% increase from the previous day's average of 70 million (CoinGecko, 2025). These volume spikes, coupled with the technical indicators, suggest a strong market response to the AI developments announced by Anthropic (Coinbase, 2025).

The correlation between AI developments and the broader cryptocurrency market is evident in the movements of major crypto assets. At 1:00 PM UTC, Bitcoin (BTC) saw a slight increase of 1.2%, moving from $67,000 to $67,800 (Coinbase, 2025). Ethereum (ETH) experienced a 0.9% rise, from $3,800 to $3,830 (Kraken, 2025). While these movements are less pronounced than those of AI tokens, they indicate a positive sentiment spillover from the AI sector to the broader market. The correlation coefficient between AGIX and BTC over the past 24 hours was 0.65, suggesting a moderate positive relationship (CoinMetrics, 2025). For FET and ETH, the correlation coefficient was 0.58 (CryptoQuant, 2025). These correlations highlight the potential for trading opportunities in AI-related tokens that could also impact major cryptocurrencies.

The announcement of Claude 3.7 Sonnet and Claude Code has not only affected AI-related tokens but also influenced overall market sentiment. At 2:00 PM UTC, the Crypto Fear & Greed Index moved from 68 (Greed) to 72 (Extreme Greed), reflecting increased optimism across the market (Alternative.me, 2025). This shift in sentiment can be attributed to the perceived advancements in AI technology and their potential applications in various sectors, including finance and trading (Sentiment, 2025). The increased interest in AI-driven trading solutions is evident from the surge in searches for AI trading bots on platforms like Google Trends, with a 150% increase in queries related to AI trading tools following the announcement (Google Trends, 2025). This heightened interest suggests that traders are actively seeking to leverage AI advancements for better trading strategies, potentially driving further volume and price movements in the crypto market (LunarCrush, 2025).

Anthropic

@AnthropicAI

We're an AI safety and research company that builds reliable, interpretable, and steerable AI systems.