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According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 28, an increase of 0 points from yesterday. The average over the past 7 days is 29, and the average over the past 30 days is 36.

OpenAI has been working with investment banks to prepare for the submission of an initial public offering (IPO) application in the coming days or weeks. Investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting the IPO prospectus, and the company plans to submit the documents confidentially to regulators soon, possibly as early as this Friday. Some insiders have indicated that OpenAI aims to go public as early as September, although the plans remain subject to change.Earlier this week, OpenAI cleared a significant hurdle on the road to its IPO: the company won a legal dispute with co-founder and now rival CEO Altman against Musk. Musk has stated that he plans to appeal the ruling. OpenAI still needs to overcome a series of other challenges, the most significant of which is the market's concern about its ability to generate enough revenue to support its substantial data center expenditure commitments.

According to a recent video interview by Cointelegraph, Dr. Han, the founder and CEO of Gate, stated that the cryptocurrency industry is gradually shifting from a speculation-driven market to a phase focused on infrastructure development and real-world applications.Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming the core directions of the industry, while a clearer regulatory framework (such as the CLARITY Act) is expected to further promote DeFi, payments, and on-chain financial innovations.Dr. Han also mentioned that high user entry barriers, security risks, and fragmented liquidity remain significant challenges currently faced by the industry. In the future, the cryptocurrency industry will further integrate with traditional finance and play a more important role in areas such as payments, settlements, and the circulation of digital assets.Gate continues to deepen its multi-asset and TradFi layout. In addition to expanding assets such as stocks, metals, foreign exchange, indices, and commodities, it has also launched Pre-IPOs and listed its first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to access Polymarket, Gate is continuously promoting the development of the prediction market ecosystem and accelerating the construction of a comprehensive trading platform covering both cryptocurrency and traditional finance.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 28, up 4 points from yesterday. The average over the past 7 days is 30, and the average over the past 30 days is 37.

According to analyst Alicharts, in the past two months, about 60 whale addresses holding at least 10,000 ETH have completely liquidated their positions. Alicharts states that when different entities holding millions of dollars in positions exit the network within such a short time frame, it usually indicates profit-taking and asset reallocation by institutions. These big players are taking advantage of recent liquidity to reduce risk, reflecting a clear lack of confidence in the mid-term outlook. Furthermore, the decrease in the number of giant whales aligns perfectly with the recent influx of large amounts of funds into exchanges. Data shows that the path of least resistance in the short term will still be downward. Therefore, attention needs to be paid to the support at $2,000 for Ethereum.

Lighter officially stated on X that it has completed the escape mechanism verification conducted by the third party L2BEAT, which means that even if the sequencer at the L2 level fails, users can withdraw funds from Lighter's L2 back to Ethereum in a permissionless manner. It is the first L2 Perp DEX in the industry to achieve this functionality.

According to Bits.media, the Russian government's bill on cryptocurrency regulation will be revised during its second reading, aiming to grant the central bank the authority to set requirements for anti-money laundering verification services for cryptocurrency transactions. Alexey Yakovlev, head of the Financial Policy Department of the Ministry of Finance, stated that he hopes to authorize the central bank to impose requirements on AML services, enabling them to verify whether transactions comply with current Russian laws and regulations.A representative from the Ministry of Finance stated that the authorities plan to mandate AML services to consider an "external perspective," analyzing the performance of Russian cryptocurrency wallets in international services and the "image of the Russian system formed abroad." At the same time, such services must "maintain the confidentiality of Russian financial infrastructure," not disclosing their operational principles and internal process details to outsiders. AML services are platforms that help users verify the risks of cryptocurrency wallets concerning international sanctions, anti-money laundering, and counter-terrorism financing. Currently, the main regulatory body for such platforms in Russia is the Federal Financial Monitoring Service of the Russian Federation.

Bloomberg ETF analyst James Seyffart revealed that Truth Social, the social platform owned by Trump, has withdrawn its application for a spot Bitcoin ETF. Seyffart stated that the reasoning given in the official press release "is not very reasonable." He pointed out that there are inherent differences in regulatory protections between 33 Act ETPs and 40 Act ETFs, which is common knowledge in the crypto ETF market, and "there are no new changes." He believes that a more likely reason is that competition in the spot Bitcoin ETF market has become extremely fierce, especially after Morgan Stanley launched its MSBT with a fee of only 14 basis points, further compressing market space.Seyffart also noted that Truth Social seems to still plan to launch a more flexible crypto-related ETF strategy and adopt a 40 Act fund structure. He stated, "Does the market really need a 14th spot Bitcoin ETF? But more differentiated products still make sense."

According to CoinDesk, Bitcoin has fallen from $82,000 to $76,800, a decline of about 6%, but market data suggests that this drop may be an unconventional correction. Three signals behind this round of decline indicate market concerns about further price drops. First, ETF fund outflows are accelerating: since May 7, over $1.5 billion has flowed out of U.S. spot Bitcoin ETFs, with a single-day outflow of $648 million on Monday, the highest since January 29.Secondly, aggressive selling has occurred in both the spot and futures markets: Glassnode data shows that the cumulative volume difference in the spot market has dropped from $16,900,000 to -$126,200,000, while the cumulative volume difference in perpetual contracts has fallen to -$368,500,000, indicating that sellers are actively selling in both the spot and futures markets. Additionally, hedging demand is rising: Glassnode analysts state that the 25-Delta skew of options has increased from 10.9% to 14.4%, indicating that options market participants believe the downside risk is increasing.Vikram Subburaj, CEO of the Indian exchange Giottus, stated that the first support level is around $76,000, followed by the $74,000-$75,000 range. If this range is broken, it could trigger a deeper correction.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 24, down 3 points from yesterday. The average over the past 7 days is 31, and the average over the past 30 days is 37.

Telegram founder Pavel Durov posted on the X platform that Telegram now supports communication between bots.He stated that this move responds to the needs of AI developers, allowing autonomous agents to have a communication layer that can be tracked by humans.

Vitalik Buterin published an article discussing the application prospects of Formal Verification in the field of blockchain security.The article points out that a new paradigm is emerging in Ethereum's cutting-edge research and development, where code is directly written using EVM bytecode, assembly, or Lean, and its correctness is verified using automatically checkable mathematical proofs in Lean. Researcher Yoichi Hirai refers to this paradigm as "the ultimate form of software development."Vitalik believes that AI-assisted formal verification is expected to enhance both code efficiency and security, particularly suitable for security core modules such as STARK, ZK-EVM, quantum-resistant signatures, and consensus algorithms.The article also emphasizes that formal verification is not a panacea and may still fail due to issues such as incomplete proof coverage, specification errors, and hardware side channels; in the future, software may differentiate into "security cores" and "non-security edges," with Ethereum becoming one of the important security cores.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 27, up 1 point from yesterday. The average over the past 7 days is 35, and the average over the past 30 days is 37.

Ethereum co-founder Vitalik Buterin commented on the issue of Ethereum state storage, stating that even if users store data themselves, the blockchain only stores hashes, and transactions only include proofs, it still requires storage and updating of the data used to verify the proofs, and this data ultimately becomes almost as large as the state itself; Vitalik mentioned that there are solutions to the relevant issues, but they involve a large number of components and require trade-offs compared to the current Ethereum.Previously, DeFi content writer marilyn100x.eth stated that Ethereum has a state storage problem, where developers pay a one-time fee to write data, while nodes bear the long-term storage costs. However, EIP-8037 does not involve time-weighted rent or ongoing fees, but significantly increases the upfront gas costs for new contracts, accounts, and storage slots to control state growth during the scaling process.

The U.S. Department of Justice stated that Olena Oblamska, a Ukrainian national accused of operating the cryptocurrency investment platform Forsage, was extradited from Thailand to the United States last week and appeared in federal court in Oregon, pleading not guilty to the charge of "conspiracy to commit wire fraud."Prosecutors claim that Forsage operated under the guise of an investment project based on Ethereum blockchain "smart contracts," but in reality constituted a Ponzi and pyramid investment scheme, involving approximately $340 million. Currently, Olena Oblamska is being held in custody awaiting trial, with jury proceedings expected to begin on July 14, 2026; if convicted, she could face up to 20 years in federal prison.

Italy's largest bank Intesa Sanpaolo will increase its holdings related to crypto assets from approximately $100 million at the end of 2025 to about $235 million in the first quarter of 2026. Among these, the bank has increased its holdings in the ARK 21Shares Bitcoin ETF and BlackRock's IBIT, and for the first time allocated Ethereum assets through BlackRock's iShares Staked Ethereum Trust, while also adding approximately $26 million in Grayscale XRP Trust ETF holdings.In addition, Intesa has established a bullish options position in IBIT for the first time and added 165,600 shares of BitGo stock, while completely liquidating its positions related to Bitmine. Its related holdings in Solana have been significantly reduced, with Bitwise Solana Staking ETF holdings decreasing from 266,300 shares to 2,817 shares. Reports indicate that Intesa has previously confirmed that the related crypto assets are primarily used for proprietary trading. Last month, Ripple also announced that it would provide digital asset custody services for the bank.

KB Financial Group announced that it has completed the technical proof of concept for the Korean won stablecoin in scenarios such as payments, settlements, and international remittances. This verification was jointly completed by KB Financial Group, electronic payment company KG Inicis, public chain Kaia, and digital asset solution company OpenAsset, covering the entire financial service process including the issuance of the Korean won stablecoin, offline payments, merchant settlements, and cross-border remittances.According to reports, the solution migrates the internal settlement system to a blockchain architecture while maintaining users' original financial service habits. Among them, actual payment scenarios have been tested through the offline self-service terminals of the chain coffee brand Hollys, allowing users to make payments via QR codes without the need to install a digital wallet; the system automatically executes on-chain smart contracts during the settlement phase. In addition, in the cross-border remittance test, the system first exchanges the Korean won stablecoin for US dollar stablecoins through Kaia's on-chain liquidity, and then the local partner in Vietnam completes the fiat currency crediting. The entire remittance process takes only about 3 minutes, with fees reduced by approximately 87% compared to traditional SWIFT remittance models.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 26, down 4 points from yesterday. The average over the past 7 days is 38, and the average over the past 30 days is 37.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 30, down 12 points from yesterday. The average over the past 7 days is 41, and the average over the past 30 days is 37.

According to the official announcement, the Bitget IPO Prime Phase 2 project preOPAI has now completed allocation, and spot trading will begin today at 22:00 (UTC+8). For more details, please refer to the Bitget official platform.