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According to Decrypt, Amazon has decided to withdraw the biopic of Sam Altman titled "Artificial." The film was originally planned to be distributed by Amazon MGM Studios and was nearing completion, but executives responsible for Prime Video and Amazon MGM Studios decided not to proceed with the release plan after watching the finished product and have handed the film over to other movie companies to seek a distributor.

According to Fortune, Theodore Gillibrand, the son of New York Senator Kirsten Gillibrand, has completed a $30 million financing round, with the company valued at approximately $300 million. They plan to launch a derivatives trading platform named American Perpetuals Exchange Corp. (APEC). The platform intends to apply for a license from the U.S. Commodity Futures Trading Commission and aims to list perpetual futures for stocks and stock indices, rather than perpetual contracts for cryptocurrencies.

Renaiss, a liquidity infrastructure for real-world collectibles, announced the completion of a $1.5 million seed round financing, led by YZi Labs, with participation from Gate Ventures, Hash Global, XIN Family, and Redline Labs. Angel investors come from Mask Network, Far East Group, Logoman, Hoopi, and Legit App.Built on the BNB Chain, Renaiss aims to connect third-party vaults, card shops, and custody nodes through Renaiss Vault OS, and uses Renaiss.XYZ as the application layer for users to access the on-chain collectibles market. It provides verifiable custody, standardized settlement, and on-chain liquidity for physical collectibles, eliminating friction in verification, custody, pricing, and cross-border transactions. Collectibles verified through custody can complete ownership transfers on-chain and circulate globally without trust and permission.The funds from this round will be used to expand the vault network, enhance product integration with the Renaiss SDK ecosystem, expand collectible categories, drive global market expansion, and support DeFi integration and AI Agent-related infrastructure development.It is reported that Renaiss has been selected for the third season of the YZi Labs incubation program EASY Residency and has won the 2025 Binance Blockchain Week Dubai Demo Night award, while ranking first in the RWA category on the BNB Chain. Since the Beta launch in November 2025, the Renaiss platform has achieved a turnover of over $20 million, with more than 260,000 users.

According to a report by Business Insider, Anthropic CEO Dario Amodei recently discussed the competitive relationship with OpenAI and its CEO Sam Altman in an exclusive interview. Amodei stated that he feels "calm" about the current competitive landscape between the two companies and candidly pointed out that their visions differ and there is a lack of trust. He said, "When you don't have a common vision and don't trust each other, arguing is meaningless," and emphasized that both sides should pursue their own paths, ultimately leaving the market and public opinion to judge the outcome.In addition, Amodei proposed that the AI industry needs "trustworthy participants" to jointly establish standards, thereby forcing other untrustworthy peers to comply with regulations. He specifically mentioned that he has known Google DeepMind CEO Demis Hassabis for 15 years, and the two have maintained close cooperation and trust in computing power procurement and safety concepts, thereby refuting the widespread rumor of "mutual distrust" in the AI field.

According to Bloomberg, citing informed sources, Microsoft has established a substantial business by selling OpenAI models to Chinese companies, despite facing intensified competition between China and the United States in the field of artificial intelligence. Among them, ByteDance has been one of Microsoft's largest artificial intelligence clients in recent years, primarily using OpenAI models. Informed sources say that ByteDance's annual spending on Microsoft's artificial intelligence and cloud services is expected to exceed $1 billion.

According to CoinDesk, Fidelity Investments has officially launched the "Fidelity Reserves Digital Fund," which aims to provide reserve asset management services for stablecoin issuers and institutional investors, further tapping into the capital management needs brought about by the rapid expansion of stablecoins. The fund will primarily invest in highly liquid assets such as short-term U.S. Treasury securities, cash, and repurchase agreements to meet the regulatory requirements for reserve assets of payment stablecoins under the U.S. GENIUS Act.At the same time, State Street has also recently launched a similar product, marking that large asset management institutions on Wall Street are accelerating their entry into the stablecoin reserve management market, competing around the cash and Treasury asset backing stablecoins.

According to Jinshi reports, the Federal Reserve FOMC statement reiterates the policy of maintaining ample reserves in the banking system and instructs the open market operations department to increase securities holdings when appropriate.

According to MLM monitoring, 8 months later, the well-known trader Technorevenant still holds all 80 million XPL purchased a few days after the XPL TGE, worth 9.2 million dollars, accounting for 0.8% of the total supply. As the price of XPL has risen in the past few days, its unrealized loss has narrowed from about 91 million dollars at the recent bottom to 86.6 million dollars.

Limitless co-founder and CEO CJ Hetherington stated that he does not believe the prediction market will see a situation dominated by a single platform; rather, it is more likely to present a multi-platform coexistence pattern similar to the offshore perpetual contract market.He pointed out that professional market makers and high-frequency traders are the main contributors to transactions and fees in the derivatives market, as they typically trade on multiple platforms simultaneously for arbitrage, which disperses liquidity across various platforms instead of concentrating it on a single winner.Hetherington revealed that Limitless currently has a monthly trading volume close to $2 billion, with users primarily from the Asia-Pacific (about 60%) and Europe (about 30%), and it has not yet entered the U.S. market (still awaiting regulatory approval). He believes that the institutional and risk transfer opportunities in the prediction market are about 10 times that of the original, and the scale will far exceed that of the retail side.

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 The Block, a bipartisan group of lawmakers led by U.S. Senator Cynthia Lummis has written to the Treasury Department, requesting the maintenance of states' authority to regulate stablecoins under the GENIUS Act. The act allows stablecoin issuers with a market capitalization of no more than $10 billion to be regulated by states, provided that state-level rules are "substantially similar" to federal rules. The Treasury Department released proposed rules in April, suggesting broad principles for determining whether state systems are "substantially similar," but did not clarify the timeline and standards for state regulation. The senators stated in their letter that the lack of clarity "creates uncertainty for the states," and therefore requested the Treasury Department to issue guidance that clarifies the application, review, and certification processes for state systems. The New York State Department of Financial Services proposed formal rules last week to align its stablecoin framework with the GENIUS Act.

A bipartisan group of senators led by Cynthia Lummis has written to U.S. Treasury Secretary Scott Bessent, requesting that the Treasury maintain states' regulatory authority over certain stablecoin issuers when formulating implementation rules for the GENIUS stablecoin bill. The GENIUS Act was signed into law last year, establishing a federal regulatory framework for stablecoins in the United States, requiring that stablecoins be fully backed by U.S. dollars or similar high-liquidity assets, and mandating that issuers with a market capitalization exceeding $50 billion undergo annual audits, while also setting rules for offshore issuance.The bill allows stablecoin issuers with a market capitalization of no more than $10 billion to be regulated at the state level, as long as the relevant state regulatory systems are "substantially similar" to federal requirements. The senators believe that the rules previously proposed by the Treasury do not clearly outline the timeline and standards for state regulatory system applications, reviews, and certifications, creating uncertainty for the states. The letter points out that there are significant differences in legislative cycles across states, with some states even adopting a biennial legislative cycle, thus requiring a flexible and continuously open certification mechanism to ensure that states can apply for certification when demand arises, rather than being constrained by timing mismatches that limit innovation and competition.

Trader Ansem posted on platform X that JTO and HYPE are the strongest assets in today's market, clearly leading other tokens. Ansem also pointed out that WLD is slightly underperforming compared to JTO and HYPE, but benefits from narrative-driven momentum related to OpenAI, and its overall trend remains relatively strong.

The World Cup group stage continues today, with several matches producing results that were unexpected in the pre-match market. Spain drew 0-0 with Cape Verde, Belgium drew 1-1 with Egypt, Uruguay drew 1-1 with Saudi Arabia, and Iran drew 2-2 with New Zealand. Many teams that were considered likely to win before the matches failed to secure victories, leading to significant fluctuations in the related prediction markets.Base's native leveraged prediction market OmenX indicates that as the World Cup schedule enters a dense phase, sports prediction markets are no longer just one-way bets on popular outcomes; in-match fluctuations, upset results, and position management are becoming important scenarios for user trading. For users who already hold high-probability positions on platforms like Polymarket, OmenX's leveraged prediction market can be used to open similar or opposite positions with smaller amounts of capital, allowing for hedging and risk management as uncertainty in the events rises.OmenX data shows that in the past 24 hours, the trading volume in World Cup-related prediction markets approached $8 million, with single match outcomes, championship titles, and popular team-related markets being the main trading directions. As several popular outcomes failed to materialize, the demand for trading around position protection, in-match adjustments, and result repricing continues to rise.

According to Premium Times, the Nigerian Senate passed a bill on Tuesday aimed at regulating cryptocurrency, protecting investors, and strengthening the digital economy. The bill passed its second reading and has been submitted to the Capital Market Committee for further review, with a report due in four weeks.The bill was introduced by Deputy Senate President Barau Jibrin and aims to establish a comprehensive regulatory framework for virtual assets, digital assets, and virtual asset service providers. It mandates that cryptocurrency exchanges apply for licenses and comply with transparency and regulatory requirements. Chief Whip Tahir Monguno stated during the debate that although Nigeria is one of the countries with the highest cryptocurrency adoption rates in Africa, it has fallen behind several African nations in regulating the digital financial ecosystem. The lack of a clear legal framework exposes investors to risks and allows illegal activities to thrive in the industry.

According to CoinDesk, U.S. Senator Cynthia Lummis stated that establishing clear regulatory rules for the cryptocurrency industry "is not about helping the industry, but about protecting every American who wishes to participate in this economic activity."She emphasized that a clear and predictable regulatory framework helps ordinary investors to participate in the cryptocurrency market in compliance and manage risks, rather than just serving industry institutions or large companies.

Crypto journalist Eleanor Terrett posted on the X platform that if the United States wants to complete the legislative process for the CLARITY Act before July 4, it needs to complete all the following steps within two weeks: find a conflict of interest resolution acceptable to both parties, address issues in the Agriculture Committee text, merge the versions from both the House and Senate, secure 60 votes of support, and complete voting in both chambers.She believes that the above timeline is logically impossible to achieve.

According to CCTV International News citing the Wall Street Journal on June 12 local time, multiple state attorneys general in the United States have launched a joint investigation into the OpenAI.The report states that the artificial intelligence company received a subpoena on the same day, requiring it to provide documents related to several of its business activities and their impact on users. OpenAI is currently facing multiple lawsuits concerning design issues of its chatbot ChatGPT that have led to user suicides or caused adverse effects on users.Some of the lawsuits point out that the design of ChatGPT "prioritizes user engagement over safety."