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According to a report by The Information, the confidential IPO registration draft submitted by OpenAI shows that as of the end of March 2026, OpenAI's balance sheet exhibits "light asset" characteristics, with zero debt on the books and capital expenditures of only $46 million in the first quarter. However, in reality, the company has placed substantial infrastructure expenditures off the books, with future procurement commitments in chips, energy, and data centers reaching up to $665 billion. Financial data indicates that OpenAI's actual net loss in the first quarter was approximately $8.5 billion, with revenue costs amounting to $3.5 billion.Additionally, OpenAI demonstrates a very high characteristic of related-party funding cycles. In the first quarter, 72% of its revenue costs and 45% of total expenditures flowed to related parties (expected to be primarily Microsoft), and it directly used $488 million in equity to settle part of its computing power bills. In the data center joint venture project within its consolidated financial statements, nearly $5 billion in book losses is accounted for as belonging to external partners. The documents also reveal that its main competitor, Anthropic, is similarly engaging in large-scale off-balance-sheet expansion, including $4.5 billion in data center service commitments and $35 billion in chip leasing orders.

Ethereum co-founder Vitalik Buterin stated that there have been recent voices suggesting that AI text analysis will make online anonymity difficult to maintain.To this end, he revealed that at some point in this decade, he had anonymously authored a public document of moderate importance to Ethereum, estimating that there are about 200 to 2000 documents in the Ethereum ecosystem that are of no less importance than that document.Vitalik invited the community and AI tools to "find" this anonymous work among these documents, in order to test whether AI can de-anonymize authors in large-scale texts through methods such as stylistic analysis.

According to financial audit documents disclosed by technology critic Ed Zitron and verified by the Financial Times, OpenAI achieved revenue of $13.07 billion in 2025, but total costs and expenses reached $34 billion, resulting in an operating loss of $20.92 billion for the year. Due to OpenAI's structural shift to a for-profit entity that year, it incurred a loss of up to $41.55 billion from the fair value change of convertible equity and warrants. After accounting for interest and other factors and excluding non-controlling interest gains and losses, the final net loss attributable to OpenAI for 2025 amounted to $38.53 billion.Comparative data in the documents indicate that OpenAI's losses are showing a dramatic year-on-year increase. Its revenue in 2024 was $3.7 billion, total costs were $12.48 billion, operating loss was $8.78 billion, and the final net loss attributable to the company was $5.09 billion. By 2025, its core expenses saw R&D costs surge to $19.18 billion, revenue costs were $7.5 billion, and sales and marketing expenses were $5.73 billion. By the end of 2025, OpenAI had slightly over $50 billion in assets, nearly half of which was cash reserves.Additionally, the document disclosed for the first time the financial transactions between OpenAI and its major strategic partners in detail. During 2025, SoftBank paid OpenAI $867 million, while Microsoft paid $303 million. Meanwhile, OpenAI paid Microsoft service fees of up to $17.2 billion in the 2025 calendar year, of which $10.59 billion was accounted for as R&D expenses (widely believed to be for model training costs), and $6.047 billion was related to revenue costs. By the end of 2025, OpenAI still had approximately $3.64 billion in liabilities to Microsoft.

According to Jinshi reports, on June 12, the U.S. Department of Defense released the third batch of documents "related to aliens, extraterrestrial life, unidentified aerial phenomena, and unidentified flying objects," which includes 72 previously classified videos, images, audio recordings, and written materials.In a video shot in the northeastern United States in 2024, a light source described by witnesses as resembling a "plasma sphere" hovers above a pond, with its shape and brightness intermittently changing, and at times the main light source seems to split into smaller points of light. The object disappears after 45 minutes. In a video shot in 2025, two red light points.

Bloomberg ETF analyst James Seyffart posted on platform X that Grayscale has submitted the fourth version of the Hyperliquid ETF amendment documents, bringing it closer to an official launch, although fee information has not yet been disclosed.The latest amendment indicates that Hyper Holdings Global LP plans to provide approximately 2 million HYPE as seed capital investment, valued at about $113 million based on current prices.

The Hong Kong Securities and Futures Commission (SFC) issued a circular outlining the monitoring measures that should be implemented when opening accounts and maintaining client relationships. This circular was issued after the SFC reviewed the account opening practices of 12 securities brokerage firms.The review identified several significant deficiencies, including insufficient due diligence on account opening documents, acceptance of suspicious or forged documents during the account opening process, and weaknesses in managing cross-border agency relationships with overseas intermediaries. The SFC expressed deep concern about the potential misuse of client accounts for suspicious or illegal transactions, which could exacerbate the risks of money laundering and terrorist financing.The SFC requires all licensed corporations to conduct internal checks as soon as practicable to detect whether any suspicious or forged documents have been accepted for account opening. The SFC also outlined additional measures for licensed corporations when opening and managing accounts for mainland investors.These additional measures include closing investment accounts opened with suspicious or forged documents, closing zero-balance dormant investment accounts, and requiring a written declaration from investors when opening new investment accounts, stipulating that settlements and fund withdrawals can only be conducted through bank accounts held in the investor's own name at qualified banks.

According to the Securities Times, the National Development and Reform Commission held a press conference today. At the meeting, Li Chao, deputy director of the Policy Research Office of the National Development and Reform Commission, stated that the commission is planning to introduce supporting documents to accelerate the implementation of artificial intelligence and further strengthen resource guarantees.At the same time, we will continue to promote central state-owned enterprises to open high-value application scenarios, creating benchmark applications for artificial intelligence across various industries, fields, and regions, and accelerating the integration of artificial intelligence into all aspects and links of business management.

OpenAI CEO Sam Altman stated in a speech to employees that even if the IPO filing is submitted soon, the company may not go public immediately, and the actual listing time will depend on market conditions and other factors. The goal is to go public as early as September, but the timeline remains flexible.Earlier reports indicated that OpenAI plans to submit a confidential IPO application to regulators soon, possibly as early as this Friday. Sources revealed that investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting the IPO prospectus.Earlier this week, OpenAI cleared a significant hurdle on the road to the IPO—OpenAI CEO Sam Altman won a legal dispute against competitor Musk. OpenAI still needs to overcome a series of other challenges, the most significant of which is market concern over whether it can generate enough revenue to support its massive data center expenditure commitments.

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.

Bloomberg analyst James Seyffart posted on the X platform, revealing that Morgan Stanley has submitted a revised application for its Solana ETF, with the proposed trading code $MSOL. The management fee information has not yet been disclosed.

Bloomberg senior ETF analyst Eric Balchunas revealed in a post on X platform that the prediction market ETF has not been launched as originally planned, possibly due to the U.S. Securities and Exchange Commission (SEC) deciding to further review the related products. Currently, the delay "is not a fatal issue," but rather seems like the regulatory agency wants to conduct additional checks on the disclosure documents.He pointed out that these products are groundbreaking, and once approved for listing, they will set an important regulatory precedent for prediction market ETFs. Therefore, it is understandable that the SEC wants to spend more time reviewing, and the market is still waiting for further developments.

Bloomberg ETF analyst Eric Balchunas tweeted that Bitwise has updated its Hyperliquid ETF application documents again, with the trading code set as BHYP and a management fee of 67 basis points (0.67%). He indicated that this usually means it will be officially launched soon.

According to a report by Fortune magazine, documents leaked from Anthropic show that its next-generation super robot "Claude Mythos" is currently being tested, and the company believes that this robot "poses an unprecedented cybersecurity risk." Musk stated, "This is deeply concerning."

According to the official website of the U.S. District Court for the Southern District of New York, the cryptocurrency exchange Gemini Space Station, Inc. (Gemini) and its founders Tyler Winklevoss, Cameron Winklevoss, and other executives are facing a securities class action lawsuit. The lawsuit alleges that Gemini made significant misleading statements in the documents related to its initial public offering (IPO) on September 12, 2025, failing to disclose its plan to shift from its core cryptocurrency trading platform business to a prediction market-centered "Gemini 2.0" model.The lawsuit documents also point out that Gemini announced a 25% layoff in February 2026 after the IPO and exited the markets in the UK, EU, and Australia. Additionally, the company's Chief Financial Officer Dan Chen, Chief Operating Officer Marshall Beard, and Chief Legal Officer Tyler Meade have recently left the company. According to Bitget market data, Gemini's stock price is currently reported at $6.3, down 77.5% from the issuance price of $28, resulting in significant losses for investors.

According to Jinshi Data, the U.S. Senate has not yet received the hearing-related documents for the Federal Reserve Chair nominee, Waller.

The cryptocurrency trading platform Gate has released the second episode of "Behind Gate: Dr. Han," which authentically documents the 72 hours of the platform's founder and CEO, Dr. Han, during Consensus HK. The video showcases his busy schedule and high level of commitment to work, from a morning breakfast and conference receptions to communications with the team and clients, as well as his key decisions on regulation, strategy, and global expansion.In the documentary, Dr. Han shares his deep thoughts on Intelligent Web3, discussing intelligent trading infrastructure, the integration of AI and blockchain, and how to make platform services more efficient, secure, and transparent. The film not only allows viewers to intuitively experience the work rhythm of a founder serving over 50 million users but also reflects his focus and passion for the industry's and platform's development.Looking ahead to 2026, Dr. Han revealed the platform's ambitious plans: to continue deepening its global layout, focus on market trends, maintain high standards of compliance and innovation, and promote the comprehensive implementation of Intelligent Web3 in trading and service aspects.

Bloomberg ETF analyst Eric Balchunas disclosed that Canary has updated its spot Trump Coin ETF application documents, adding multiple pieces of information, including the confirmation that BitGo will act as the custodian. Currently, the ETF has not announced a trading symbol.

Bitcoin developer Luke Dashjr recently publicly called for Blockstream co-founder and CEO Adam Back to resign, following the latest disclosure of documents related to Jeffrey Epstein by the U.S. Department of Justice. The documents reveal that the deceased criminal Jeffrey Epstein indirectly participated in Blockstream investments through funds associated with the MIT Media Lab and had email correspondence with several Blockstream co-founders and figures in the crypto industry.Dashjr stated that these documents reveal what he calls "deep corruption" and reiterated his long-standing disagreements with Adam Back, including the historical controversy over his lack of recognition as a co-founder of Blockstream. The related documents also mention Epstein's connections with crypto companies such as Coinbase and Tether, noting that Epstein invested $3 million in Coinbase in 2014.In response, Adam Back has publicly denied any direct or indirect financial relationship with Epstein but has not commented on whether he ever visited Epstein's private island. As of now, Blockstream and other related parties have not made any further response to Luke Dashjr's call for resignation.

According to market news, Grayscale has submitted S-1 application documents related to the BNB ETF to the SEC.

According to AXIOS, the Trump administration estimates that it will need about another week, as well as to review up to 700,000 pages of documents, to complete the release of all Epstein-related documents.