Yellow Media French

Kevin O’Leary said investors should not try to choose one winner among possible OpenAI, Anthropic and SpaceX IPOs, arguing that broad exposure may be safer.
Key Points:
O’Leary said investors have “no idea” which major AI-linked listing will lead the market.
He pointed to SpaceX, Anthropic and OpenAI as companies that could all deserve investor attention.
His comments come as Wall Street watches a potential IPO wave tied to artificial intelligence and space technology.
O’Leary IPO View
O’Leary made the comments on Fox and later expanded on the argument in a post on X, where he said investors are already debating which company could become the biggest public-market winner.
“Don’t try and pick winners because you have no idea,” O’Leary said.
He framed the group as a sector-wide opportunity rather than a contest with one clear champion, saying investors may be better served by owning exposure across the leading names.
The comments came as OpenAI reportedly filed confidentially for an initial public offering, joining Anthropic and SpaceX among the most closely watched potential listings on Wall Street.
O’Leary said the market is still too early in the artificial intelligence cycle to know which company will dominate, especially as software, infrastructure and consumer products evolve at different speeds.
Also Read: Microsoft Faces Class Action Over AI-Linked Stock Losses
SpaceX AI Bets
O’Leary described SpaceX as a bet on Elon Musk and Starlink, the satellite internet business he said is already generating profits.
“Buying a piece of Elon has never been a bad investment, period,” he said, citing Musk’s record of building companies around ambitious technical goals.
He also pointed to Anthropic as a serious contender, saying he adopted Claude across his organization after employees tested rival AI tools.
“I use it every day. I really like it,” O’Leary said, adding that Anthropic appears to be performing well in the AI software race.
He did not focus on ChatGPT or other specific OpenAI products, but said the company remains one of the industry’s most important names and should be considered alongside its rivals. The broader point is that IPO demand around AI-linked companies has become a market story of its own, with investors treating private technology leaders as a new public-market category before their listings arrive.
That is why O’Leary’s argument rests less on one company’s current product and more on the difficulty of judging long-term winners before the next public AI cycle fully develops.
Read Next: Polymarket Corners The World Cup Bet While Kalshi Quietly Wins Fees

Binance founder Changpeng “CZ” Zhao said crypto is “absolutely not” dead, while stepping back from timing a “super cycle” as Bitcoin (BTC) trades near $64,000.
Key Points:
CZ said he cannot predict when a crypto “super cycle” will arrive.
He rejected the idea that the industry could die after the latest downturn.
Bitcoin remains near resistance after sliding from a recent move toward $80,000.
CZ Super Cycle
Zhao addressed his earlier super cycle comments in a recent interview, after being asked about remarks from four months ago that 2026 could bring a major crypto upswing. The interviewer said Bitcoin had lost momentum and was stuck around $60,000 to $64,000.
Zhao avoided a new forecast.
“I think even when I said it, I probably said I could not predict the future,” he said, before adding, “I try to avoid prediction questions regardless.”
The interviewer said Bitcoin had recently pushed toward $80,000 before falling back near $60,000, joking that the decline could be called a winter. Zhao accepted the weakness but rejecteded the larger doubt, saying, “But will crypto die? Absolutely not.”
“Crypto will continue to grow. So I think the super cycle will come. I’m not sure when it will come,” Zhao said.
Also Read: Microsoft Faces Class Action Over AI-Linked Stock Losses
Bitcoin Resistance
After the clip appeared online, Zhao answered the attention around his old call with a short post. “Might be late… I can’t predict anything,” he wrote.
The remarks came as Bitcoin continued to trade unevenly near $64,000 after failing to hold higher levels.
Crypto analysts said BTC was at a short-term resistance zone, where traders are watching for a breakout or rejection.
Some of them link Bitcoin’s next move to reports involving Donald Trump and Iran, saying Trump claimed a peace deal could be signed “tomorrow.”
Zhao’s comments now frame the super cycle less as a near-term call and more as a long-term view. Four months after he floated the 2026 idea, Bitcoin’s retreat from near $80,000 to the low $60,000s has made timing the main issue for traders.
Read Next: Polymarket Corners The World Cup Bet While Kalshi Quietly Wins Fees

Robbins Geller Rudman & Dowd LLP filed a class action lawsuit against Microsoft Corporation on Friday, on behalf of investors who suffered losses tied to the company's AI-related product failures.
According to a press release, the lawsuit targets Microsoft directly and names the company's Gemini AI assistant product as a contributing factor. The firm says the MSFT share price continued declining in the days following Microsoft's Q2 2026 earnings release.
What The Complaint Alleges
The filing centers on whether Microsoft made materially misleading statements about the performance and commercial viability of its AI products. Robbins Geller argues the market's reaction to the earnings report reflected undisclosed problems investors could not have anticipated.
The firm is soliciting lead plaintiff applications from institutional and retail investors with substantial losses during the class period. Under federal securities law, the lead plaintiff deadline is typically set 60 days from the date the action is filed.
Robbins Geller has prosecuted large securities class actions before. The firm obtained a $7.2 billion recovery in the Enron case and a $3 billion recovery in the WorldCom matter.
Also Read: Winter Is Over, Welcome Back To Crypto Spring, Standard Chartered Says
Background
Microsoft has leaned heavily on AI partnerships and product integration in its recent earnings communications. The company tied revenue growth projections to its Copilot suite and expanded Gemini integrations announced in early 2026. When Q2 2026 results landed below analyst consensus on AI-driven cloud metrics, the stock dropped sharply. That selloff forms the factual basis the complaint now relies on.
The lawsuit fits a wider pattern. AI governance and product liability claims against large technology firms have increased since early 2026, with regulators and plaintiffs testing the limits of disclosure requirements for AI-driven revenue forecasts.
Read Next: Polymarket Corners The World Cup Bet While Kalshi Quietly Wins Fees

Polymarket's World Cup winner market has drawn $2 billion in lifetime bets, while rival Kalshi spreads the same wager across 48 smaller books and pockets most of the fees.
Key Points:
Polymarket's single World Cup winner market holds $2 billion in volume, set against Kalshi's spread of 48 separate books.
Prediction markets cleared a record $31.2 billion in May, with Kalshi taking 58% of the flow.
Kalshi booked $137.86 million in May fees, nearly five times what Polymarket earned.
Polymarket Pools World Cup Cash
Traders have funneled $2 billion into Polymarket's tournament winner market, which carried $436 million in standing liquidity and turned over $137 million last Thursday, figures reported this week show. The platform's wider World Cup section now spans more than 330 active markets, and Thursday's flow alone nearly matched Kalshi's biggest book over its lifetime.
Kalshi runs the same event very differently. It has gathered $182.3 million across 48 separate contracts, and on the largest listed events Polymarket's lead stretches close to 11 to one. Both venues priced the football alike, with Spain the favorite at 17% and matching 5.56 times payouts on the leaders.
Also Read: Solana's RWA Story Faces Hard Test After SpaceX IPO Refund Scramble
Kalshi Banks The Bigger Fees
Polymarket wins the headline number, yet Kalshi quietly wins the money that matters. The regulated platform took 58% of the sector's record $31.2 billion in May, against Polymarket's 28%, pushing industry open interest to $1.3 billion.
Sports trading drove $10.44 billion of that flow, roughly 60 times what Kalshi's famous elections markets managed, while crypto added $2.02 billion. Fees tell the sharper story. Kalshi booked $137.86 million in May, against Polymarket's $28.07 million, a revenue gap of nearly five to one.
So the contest is breadth against depth, with Kalshi scattering cash over dozens of match-level books while Polymarket pools it in one giant tournament market. Outside analysts projected a $5 billion to $10 billion jump in consumer volume from the event, calling it a watershed for the young prediction sector.
World Cup Reshapes Prediction Bets
The football boom is not a passing tournament spike. Sports topped every category on Polymarket through 2026, claiming $6.20 billion of January's $14.34 billion before peaking in March at $8.77 billion of a record $19.58 billion month.
By this month total volume had slid about 70% to $5.91 billion, yet the sports share still climbed to 56.5%.
The shift runs deeper than one platform. Smaller venue Opinion saw sports swell to 99.4% of its activity by early June, while crypto bets there fell below $500,000. Crypto had led that same venue in January, when it cleared $729.52 million in a single week.
A year ago, elections and coin prices carried these markets. The World Cup did not just lift prediction trading, it replaced the very categories that built it.
Read Next: Monero Rally Fades As $400 Rejection Puts Bears Back In Control

Anthropic's Claude Mythos AI found no further serious bugs in Zcash (ZEC), its founder said, weeks after a four-year-old flaw forced an emergency fix.
Key Points:
Zcash founder Zooko Wilcox said an Anthropic Mythos audit found no more serious bugs in the protocol.
Shielded Labs requested the review after an Orchard forgery flaw triggered an emergency fix this month.
Anthropic pulled its Fable 5 and Mythos 5 models on Friday under a US export control order.
Mythos Clears The Zcash Protocol
Founder Zooko Wilcox announced the outcome in a post on X, thanking Anthropic for the help and confirming the protocol came back clean. Shielded Labs, a Swiss nonprofit that funds Zcash development, requested the review and supplied the prompts that guided the model. The team promised more detail on the findings and the review in a later update.
Developers had spent the past two weeks with almost no room for error, scrambling first to contain the Orchard bug and then to prove the rest of the protocol held.
On Jun. 3, the team briefly paused Orchard shielded-pool transactions after catching the vulnerability, then reopened the pool the same day through an emergency soft fork. A hard fork the following day restored full function with a corrected circuit. No funds went missing, and the network created no extra coins.
Also Read: Solana's RWA Story Faces Hard Test After SpaceX IPO Refund Scramble
Hornby Flaw Reframes AI Audits
Researcher Taylor Hornby first exposed the forgery flaw on May 29, pointing Anthropic's Claude Opus 4.8 at the code within hours of that model's release. The bug had lurked in the Orchard pool since its 2022 launch, and could have let an attacker mint counterfeit ZEC without detection. The Zcash Foundation confirmed it found no evidence of an exploit, no unauthorized coins, and no harm to user privacy.
The result lands on a fault line running through the whole industry. AI tools now catch protocol flaws that human reviewers missed for years, yet they also hand a sharper weapon to attackers who reach the code first and move faster than defenders.
Zcash Endures A Brutal Stretch
Anthropic put the first public Mythos model, Fable 5, in front of users only days earlier, with guardrails that route cybersecurity prompts to Opus 4.8.
The company had said Mythos flagged more than 10,000 critical vulnerabilities in widely used software, a reach it had kept among vetted partners since April. On Friday, it disabled both Fable 5 and Mythos 5 for all users under a US export control order it disputes and hopes to reverse.
The token rode out its own turbulence alongside the patch, capping one of the wildest stretches in the privacy coin's history. The disclosure briefly sank ZEC more than 50% and triggered roughly $100 million in liquidations, with trader Arthur Hayes dumping his entire stake before the coin clawed back much of the slide.
Read Next: Monero Rally Fades As $400 Rejection Puts Bears Back In Control

A potential peace deal between the United States and Iran could be finalized within 24 hours, with Bitcoin (BTC) hovering near $64,000 as traders weigh the outcome.
Key Points:
Pakistan's prime minister said a U.S.-Iran peace deal is likely within the next 24 hours.
The agreement would reopen the Strait of Hormuz and could lift U.S. sanctions on Iran.
Bitcoin held just below $64,000 as traders priced in lower oil and easing macro pressure.
Sharif Signals Imminent Deal
Pakistan's prime minister Shehbaz Sharif said the two sides stood closer to an accord than ever and expected to finalize it within a day. Prime minister, a central mediator in the talks, confirmed that Islamabad would move to an electronic signing right away. Technical-level talks would follow next week.
The optimism followed matching signals from both governments, with Iranian Foreign Minister Abbas Araghchi describing the Islamabad memorandum as never having been closer, even as he cautioned that nothing had yet been signed.
President Donald Trump had earlier said a deal was near and promised to name a time and venue soon. He later warned that the version made public was not what had been agreed.
The deal would reopen the Strait of Hormuz and lift the U.S. naval blockade at the vital oil chokepoint. It could also end Iran's nuclear threat, with Washington signaling it may ease sanctions if Tehran honors the terms. Even so, U.S. forces shot down several Iranian drones in the strait early Saturday, underlining how brittle the truce remains.
Also Read: Solana's RWA Story Faces Hard Test After SpaceX IPO Refund Scramble
Standard Chartered Calls Bottom
Lower oil prices sit at the center of the crypto case. Brent crude eased toward $87 a barrel and West Texas Intermediate slipped near $85 as the truce talk spread, easing the inflation pressure that had punished risk assets. A blockbuster SpaceX IPO this week added another swing factor, pulling some cash out of crypto and into the listing.
Standard Chartered read the swing as a turning point.
Analyst Geoffrey Kendrick argued that Bitcoin's slide to $59,000 marked the cycle bottom and the close of crypto winter. He kept his year-end target of $100,000 for the coin.
Kendrick laid out the markers he wants before calling an all-clear. He is watching for Strategy, the firm run by Michael Saylor, to report a fresh Bitcoin buy, and for U.S. spot Bitcoin ETFs to return to net inflows. Those funds have shed more than $5.7 billion since mid-May, as some holders sold to chase the SpaceX listing.
Bitcoin's path into the weekend caps a rough run for the asset. The coin set a record near $126,000 on Oct. 6, 2025, then sank 53% to a $59,000 low on Jun. 5 before recovering toward $64,000. That rebound now faces its next test as the peace talks reshape the macro backdrop.
Read Next: Monero Rally Fades As $400 Rejection Puts Bears Back In Control

Anthropic said a U.S. directive forced it to suspend two frontier AI models for foreign nationals, hitting pre-IPO-linked trading tied to the company.
Key Points:
Anthropic said the order forced it to disable Claude Fable 5 and Claude Mythos 5 for foreign nationals.
The company said the government cited only verbal evidence of a narrow jailbreak.
A pre-IPO-linked Anthropic perpetual contract reportedly fell 3.7% to about $1,627.
Anthropic Order
Anthropic said the U.S. government directed it to suspend access to Claude Fable 5 and Claude Mythos 5 for foreign nationals, including foreign-national employees inside the company. The company said the order arrived at 5:21 p.m. ET on Jun. 12 and forced it to disable both models globally to maintain compliance.
Anthropic described the directive as an emergency export control action tied to national security concerns. It said other models, including Claude Opus 4.8, were not affected and remained operational.
The market reaction showed up in crypto-native venues that trade exposure linked to private companies. The Anthropic perpetual contract on Hyperliquid reportedly fell 3.7% to about $1,627, below post-launch highs above $1,800, with open interest near $8.6 million.
Also Read: Solana’s RWA Story Faces Hard Test After SpaceX IPO Refund Scramble
AI Markets
Anthropic disputed the basis for the shutdown, saying the government provided only verbal evidence of a limited jailbreak affecting Fable 5. The company said the described prompt asked the model to inspect a specific codebase and identify software flaws.
Anthropic said those flaws were minor, already known and discoverable through other public models without a bypass. It argued that such evidence did not justify a recall-style shutdown of a commercial model.
The dispute matters beyond one company because the same standard could shape future frontier-model launches. Anthropic warned that applying that threshold across the AI industry could effectively stop new model deployments by major providers.
Crypto markets are watching because private AI companies have become tradable through pre-IPO-linked contracts and perpetual-style products. These instruments can react before public evidence is available, which leaves traders pricing regulatory risk, product access and deployment uncertainty at once.
The broader shift began before this directive, as AI names became part of the same speculative map as tokenized equities and private-market exposure products. Anthropic’s case shows how a model access decision can quickly move a market that trades company sentiment before a traditional IPO.
Read Next: Monero Rally Fades As $400 Rejection Puts Bears Back In Control

Solana (SOL) Aktien-Token standen vor einem realen Versorgungstest, nachdem die Nachfrage, die mit SpaceX verbunden ist, die Fähigkeit von xStocks, die zugrunde liegenden Aktien zu beschaffen, überwältigt hat.
Wichtige Punkte:
Das Abonnementfenster von Binance Wallet für SPCXx hat etwa 557 Millionen USDC von ungefähr 27.689 Adressen angezogen.
Bybit, Binance Wallet und Bitget Wallet haben ihre Kampagnen eingestellt, nachdem xStocks und seine Partner nicht genügend SpaceX-Aktien beschaffen konnten.
Die Episode hat gezeigt, dass die Geschwindigkeit von Solana die Risiken der Off-Chain-Verwahrung, Zuteilung und Rücknahme nicht beseitigt.
Solana Aktien

Monero (XMR) fell back toward its long-running $352 level after a sharp rally tied to large orders reportedly linked to hidden funds.
Key Points:
Monero rose 16.6% on Jun. 11, then briefly reached $426 during Friday trading.
The move followed large Monero orders after a $120.2 million Tether (USDT) deposit to a Tron (TRX) address.
Analysts said the short-term structure remains bearish unless XMR can move beyond $437.
Monero Rally
Monero jumped on Jun. 11 after gaining 13.3% over the previous three days, with the move carrying the privacy coin to $390, according to market data cited in the report.
The rally extended during Friday trading, when XMR reached a local high of $426, but the move faded quickly and the token closed the day at $353. That weakness continued afterward, leaving XMR near $347 at the time of writing.
The report said the price spike followed activity flagged by ZachXBT on Telegram, after an entity created Monero orders following a $120.2 million USDT deposit to a Tron address.
The entity was splitting up the deposit and using Monero to obscure the funds, while the resulting orders were large enough to move the market sharply.
Also Read: Anthropic Shuts Claude Fable 5 And Mythos 5 After US Government Order
XMR Outlook
The technical picture remains mixed, but sellers appear to have the stronger case in the short term, based on the report’s reading of higher and lower time frames.
On the daily chart, XMR still reflected a broader bullish swing from $230.20 to $800, yet the retracement has been deep and pushed below the 78.6% Fibonacci level near $352.
The report said the latest internal shift was bearish, suggesting the rally was only a retracement inside a lower-time-frame downtrend rather than a durable reversal.
On the four-hour chart, the relief move reached $426, slightly above the $406 Fibonacci retracement level, before sellers regained control.
The report said traders could watch for a decline toward local support at $292, with a further extension near $252 if bearish pressure holds. A move beyond $437 would be needed to turn the four-hour swing structure bullish. Monero’s recent price action has repeatedly centered on the $352 region since February, making that level a key reference point for judging whether the latest rejection near $400 becomes another failed recovery.
Read Next: ChatGPT Hits One Billion Monthly App Users As Public AI Sentiment Turns Mixed

Ethereum (ETH) researchers have proposed SPHINCS-, a post-quantum signature design that could let wallets verify quantum-resistant signatures inside the EVM.
Key Points:
SPHINCS- is a research-stage signature verification scheme built for Ethereum wallet security.
The proposal uses KECCAK256 instead of standard SHAKE256 to work inside the existing EVM.
Its C13 variant is listed at about 127,000 gas with a 3,704-byte signature.
Ethereum Wallets
The proposal was published on Ethereum Research on Jun. 12 and credits nicocsgy as the author, with special thanks to Vitalik Buterin and other contributors.
It introduces SPHINCS-, pronounced “SPHINCS minus,” as a stateless post-quantum signature verification scheme optimized for the Ethereum Virtual Machine.
The problem is long term but direct.
Today’s blockchain wallets rely on cryptographic assumptions that powerful quantum computers could eventually weaken, which is why Ethereum researchers are testing migration paths before such attacks become practical.
SPHINCS- is built around the EVM as it exists now, so the design does not ask Ethereum to add precompiles or change the base protocol.
The proposal replaces standard SLH-DSA hash functions, including SHAKE256, with KECCAK256, which is already native to Ethereum and can be used in Solidity verification logic.
Also Read: Anthropic Shuts Claude Fable 5 And Mythos 5 After US Government Order
Quantum Security
The post also narrows the signature budget to fit ordinary blockchain wallets, rather than keeping the broader standard target of 2^64 signatures per key.
SPHINCS- focuses on a range between 2^14 and 2^20 signatures per key, arguing that normal Ethereum addresses do not need an unlimited signing budget.
The post says the average annual 99.9th percentile of Ethereum transactions has been about 431 per address since the Merge, which supports more wallet-specific parameters.
For the C13 variant, the proposal lists verification costs near 127,000 gas and a signature size of 3,704 bytes.
It compares that with SLH-DSA-SHA2-128-24, which the post says costs 142,000 gas, uses a 3,856-byte signature and requires about 1.07 billion hash calls for signing.
The design is not a standard.
The post says SPHINCS- does not strictly follow FIPS 205 because it uses Keccak and limited signing budgets, while hardware-wallet signing remains a practical obstacle.
C11 and C12 variants are described as compatible with hardware wallets, but signing times on an ST33K1M5 secure element are listed at 390 seconds and 47.5 seconds, showing that verification efficiency alone does not solve user experience.
Ethereum’s post-quantum work has been moving through several tracks, including new signature schemes, account abstraction, migration planning and wallet design, because account security changes can take years to coordinate across users and infrastructure.
Read Next: ChatGPT Hits One Billion Monthly App Users As Public AI Sentiment Turns Mixed

Anthropic disabled its two most powerful AI models, Fable 5 and Mythos 5, for every customer after a federal export control order targeting foreign nationals.
Key Points:
The US government issued an export control directive on Jun. 12 barring foreign nationals from both models.
Anthropic shut the pair for all users worldwide, while its remaining models stayed online.
The company disputes the order, calling the flagged jailbreak narrow and easy to copy elsewhere.
Anthropic Halts Fable 5
The directive reached the company at 5:21 p.m. ET on Friday and cited national security powers it did not detail, the lab said. Officials wanted foreign nationals blocked, including its own overseas staff. To comply, Anthropic killed both models for everyone.
The company said it cannot separate foreign users from the rest of its base in real time, which made a worldwide shutoff the cleanest path. The order came from Commerce Secretary Howard Lutnick, drafted with input from other officials. Access to all other Anthropic models stayed intact.
Also Read: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B
Fable 5 Jailbreak Disputed
The government's worry centers on a claimed way to slip past Fable 5's safeguards, according to the company. Anthropic said the technique amounts to asking the model to read a codebase and fix software flaws.
Engineers lean on that skill every day to defend live systems, the firm argued. It also noted that rival tools, including OpenAI's GPT-5.5, handle the same work without any bypass. Before launch, the lab said it had red-teamed Fable for thousands of hours and found no universal jailbreak.
Why The Order Matters
The move appears to be the first time a leading AI developer has taken a public model offline at federal request. That precedent could reshape how labs ship products and where they base their engineers.
Anthropic complied, then pushed back hard. Recalling a model used by hundreds of millions over one narrow flaw would, in its view, freeze new releases across the industry. The company apologized to customers and said it is working to restore access.
The shutdown lands days after a frantic stretch for the lab. Anthropic released Fable 5 on Jun. 9 as a guarded version of Mythos, which it previewed in April and kept inside a cybersecurity program called Project Glasswing. The rollout had already drawn complaints over token burn and a mandatory 30-day data retention rule before the order arrived.
Read Next: Bitget Clears Argentina Regulator, Adding Another Latin America Market

OpenAI's ChatGPT reached one billion monthly app users in May 2026. The figure comes from Sensor Tower estimates and marks the largest user base any AI application has ever reported.
According to Sensor Tower data, the milestone arrived alongside a measurable shift in public attitudes toward AI products. Consumer confidence in AI tools has softened even as raw usage numbers continue to climb.
A Divided Consumer Picture
One billion users is a headline number. But the data behind it is more complicated.
Public surveys in 2026 have recorded rising concern over AI accuracy, data privacy, and the speed of deployment. Users continue opening ChatGPT daily. Trust in what it outputs has grown more cautious.
Anthropic's Claude benefited from at least one major episode of ChatGPT-related backlash this year. When OpenAI faced criticism over policy or output issues, user acquisition at Claude accelerated. That dynamic suggests the two platforms are not simply growing together. They are competing for the same pool of engaged users.
OpenAI has not disclosed internal revenue or retention figures alongside the Sensor Tower estimates. The gap between monthly active users and genuinely retained, paying users remains an open question.
Also Read: OpenAI And Anthropic Could Turn SpaceX’s Record IPO Into The Warm-Up
The G7 Backdrop
The user milestone arrives days before a significant policy moment. Leaders from OpenAI, Anthropic, Google DeepMind, and Mistral AI are expected to attend the G7 summit in France next week.
Reuters reported on June 12 that French officials confirmed AI executive attendance as France shapes the agenda around AI governance and online safety.
The G7 is the highest diplomatic stage these companies have yet appeared on collectively. Their presence reflects how quickly the policy conversation around AI has moved into heads-of-state territory.
The agenda is expected to cover AI safety standards, compute access, and cross-border model deployment rules. No binding agreements are expected from the summit itself, but the conversations will shape regulatory direction in the major economies.
Also Read: Anthropic Seeks Google's Backing For Data Center Leases Before Wall Street Debut
Background
OpenAI crossed 400 million weekly users earlier in 2026, a figure the company disclosed publicly. The jump to one billion monthly app users by May represents continued rapid scaling.
Anthropic released its Claude Fable 5 model on June 9 paired with a safety-constrained Mythos model. The dual release was notable for its explicit safety documentation. Anthropic has also called publicly for tougher AI regulation, including mandatory government testing of the most powerful models, independent audits, and emergency powers to pause deployment if risks escalate.
That regulatory posture has positioned Anthropic differently from OpenAI in public perception. As ChatGPT's user base grows, the narrative tension between scale and responsibility is becoming the defining public debate in AI.
Also Read: SpaceX IPO Turns 4,400 Employees Into Millionaires Overnight
What To Watch
The G7 summit next week is the most immediate milestone. Statements from AI executives in a diplomatic setting carry more formal weight than conference keynotes.
Anthropic's proposal for an industry-wide AI tax to fund worker displacement programs is also in active public discussion. That idea has not attracted unified support from the industry, but it is now on the table at precisely the moment major governments are designing their own frameworks.
For OpenAI, the one billion user number is a useful metric for fundraising conversations. The company is in ongoing capital discussions. A billion monthly users supports any valuation argument the company makes in those rooms.
Read Next: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B

SpaceX completed a record stock market debut this week, leaving investors to weigh whether artificial intelligence labs OpenAI and Anthropic can outshine it once they list.
Key Points:
SpaceX priced its IPO at $135 a share, valuing the rocket maker near $1.77 trillion.
OpenAI and Anthropic have filed confidential drafts but set no dates, tickers or prices.
The three offerings could pull roughly $200 billion from public markets in 2026.
SpaceX Sets $1.77 Trillion Mark
SpaceX priced its offering at a fixed $135 a share for 555.6 million shares, according to market reports, and began trading on the Nasdaq under the ticker SPCX. The roughly $75 billion raise values the company near $1.77 trillion, well above the $780 billion that some analysts had called fair. That figure ranks as the largest U.S. listing on record.
OpenAI and Anthropic took the opposite path on disclosure, each submitting a confidential draft registration in early June that signals intent without locking in a date, ticker or price. Anthropic announced its draft on Jun. 1, days after closing a $65 billion round at a $965 billion valuation, with OpenAI following a week later.
Also Read: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B
Pure-Play AI Lures Demand
The case for the labs rests on what investors cannot yet buy.
For years, money managers reached AI through proxies like chipmakers and cloud platforms, and a direct stake in a frontier lab would unlock demand from the roughly $8 trillion parked in U.S. money market funds. Anthropic reported a $47 billion revenue run rate in May, while OpenAI carried an $852 billion valuation after closing a $122 billion funding round in March.
Supporters argue these are real businesses, not hollow promises, since subscriptions and enterprise contracts already produce steady cash. Revenue, not promise, is the difference.
Supply Raises Red Flags
Skeptics see a flood of stock rather than a windfall. Capital Economics estimates that wider free floats could push about $750 billion in fresh equity onto the market, and it found that issuance surges have tracked the late stages of past booms. Only 4% to 5% trades at launch, capping early index weight.
Commentators have also cautioned](https://www.bloomberg.com/opinion/articles/2026-06-12/spacex-anthropic-openai-ipos-are-a-red-flag-for-stock-market-s-future) that absorbing three giant listings in quick succession is rare for any market. SpaceX adds a wrinkle, since it ranks as AI-adjacent rather than a pure lab, with rockets, satellites and Starlink driving most of its $18.7 billion in 2025 revenue and artificial intelligence arriving only through its xAI purchase.
Recent history shows how strong the pull has been. Cerebras, an AI chipmaker, opened about 89% above its offer price in its May debut. That reception set the tone for the listings now lined up behind it, in what could become a record year for U.S. IPOs, with the three deals alone capable of drawing about $200 billion.
Read Next: Bitget Clears Argentina Regulator, Adding Another Latin America Market

For the welders, machinists, and launch engineers who traded years of below-market pay for SpaceX stock, Friday was the day the bet paid. The company's record market debut is set to turn more than 4,400 current and former employees into millionaires, far beyond its founder.
Key Points:
More than 4,400 employees and alumni are projected to reach millionaire status.
About 400 of them stand to hold stakes worth over $100 million each.
The $75 billion listing ranks as the largest IPO on record.
Mueller's Long Bet
Tom Mueller built the rockets that made the company possible, hired as its first employee in 2002. He left in 2020 but held onto his shares. Musk always told staff their salary mattered less than their equity, Mueller recalled, and "that day is here."
Juan Hernandez moved from Mexico and learned to weld for the paycheck, joining in 2015 at $28 an hour, then collected $10,000 in stock and kept buying more through payroll. He sold a slice in 2020 for a Texas home, and his remaining shares are worth about $880,000.
Launch engineer Trevor Hise gathered more than 100,000 shares over 12 years, now worth at least $13.5 million. Gavin Petit took an early grant at $13.80 a share, held onto roughly 50,000 shares, and paid off his Denver home. J. André Lavoie, who got his grants years ago, is sitting on more than $28 million while renovating a hotel in Italy.
Also Read: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B
SpaceX's Record Debut
SpaceX shares opened near $150 on the Nasdaq Friday, about 11% above the $135 price the company priced the night before.
The $75 billion sale, the largest IPO on record, valued the rocket maker near $1.77 trillion and made Elon Musk the first known trillionaire on paper.
An analysis by investment platform Hiive projected that more than 4,400 employees and alumni would clear $1 million, with about 400 above $100 million each. Investor demand topped $250 billion, more than three times the stock on offer. By comparison, Google's 2004 IPO created roughly 1,000 millionaires, and Facebook's 2012 listing did about the same.
Equity Built The Wealth
From the start, the company paid below-market salaries and filled the gap with stock at every level, not just the top. Roughly 100 employees have since pooled holdings worth $1 billion to $5 billion to win cheaper management fees.
The shift is already visible in Brownsville, Texas, one of the nation's poorest cities, where more than 3,000 work at Starbase. Median home prices in the surrounding county have climbed from $131,000 in 2014 to over $281,000 today. Most of those shares stay locked for now, the delayed payoff for two decades of below-market pay.
Read Next: Bitget Clears Argentina Regulator, Adding Another Latin America Market

Standard Chartered’s Geoffrey Kendrick said the crypto market has likely already seen the low for the current cycle, arguing that Bitcoin’s (BTC) fall to $59,000 may mark the end of the latest downturn as macro and institutional catalysts begin to turn more constructive.
“I think we have now seen the low in crypto asset prices for the cycle,” Kendrick wrote in a note Friday. “That would be USD59k for BTC.”
Kendrick said two developments could help confirm that view: a possible U.S.-Iran peace deal linked to the G7 and the SpaceX initial public offering. He said a peace deal, if confirmed, could reduce pressure from higher oil prices and U.S. Treasury yields, while the SpaceX IPO may ease recent selling pressure from spot Bitcoin exchange-traded funds.
“Winter is over. Welcome back to crypto Spring,” Kendrick wrote.
ETF Flows Become Key Test For Bitcoin Recovery
Kendrick said recent weeks had seen some of the sharpest selling in U.S. spot Bitcoin ETFs since their launch. He cited anecdotal evidence that some Bitcoin ETF holders had been selling to free up cash for the SpaceX IPO.
The next confirmation points, according to Kendrick, are whether Strategy, formerly MicroStrategy, announces another Bitcoin purchase on Monday, whether Bitcoin ETFs post a positive inflow day, and whether oil prices continue to move lower.
Bitcoin was trading around $63,700, up 1.2% at the time of publication.
According to Iliya Kalchev, analyst at Nexo’s Dispatch, spot Bitcoin ETFs were heading for a fourth consecutive week of outflows. However, the pace had slowed to $401.7 million so far this week from $1.72 billion in the prior week.
That slowdown, Kalchev said, was “an early signal worth noting.”
“If the Iran deal is confirmed this weekend, the first meaningful test will be whether ETF flows reverse,” Kalchev said. He added that the institutional bid behind Bitcoin’s April recovery had been built on similar macro relief.
Iran Deal Hopes Shift Macro Backdrop
The market’s improved tone came as investors weighed reports of progress toward a U.S.-Iran peace deal. Kalchev said Brent crude had fallen to around $86.50, a two-month low, as hopes grew that a deal could include the reopening of the Strait of Hormuz, the lifting of U.S. oil sanctions and the release of frozen Iranian funds.
A sustained decline in oil prices would matter for crypto because lower energy prices could reduce inflation pressure and ease the upward pressure on bond yields. Kendrick framed that as one of the key conditions needed for the Bitcoin low to hold.
Also Read: Crypto Hack Fears Grow Around Anthropic’s Possible Claude Fable Release
Kalchev said a confirmed Iran deal would be “the single most significant macro development since the conflict began,” because it could unwind the oil premium, ease inflation expectations and potentially reverse institutional outflows from crypto products.
Options positioning also suggested that institutional investors were not preparing for an immediate spike, but for a gradual recovery. Kalchev said institutional options structures this week were designed for maximum profit if Bitcoin settles near $75,000 by the end of July.
“The $60,000–$65,000 range remains the near-term reference zone, with the 200-week moving average at around $61,000 providing the structural floor,” Kalchev said.
Analysts Still Want Stronger Spot Demand
Not all analysts are treating the recovery as confirmed. Shawn Young, chief analyst at MEXC Research, said Bitcoin still needs stronger spot buying before the market can establish a durable floor.
“Bitcoin is moving through a late-stage correction, and Glassnode’s capitulation framework looks directionally right,” Young said. “Demand is the weak point.”
Young said part of the recent decline appeared to reflect forced selling from leveraged positions. He said ETF flows and U.S. trading activity should be watched first for signs of demand returning.
“The real test is whether buyers are willing to absorb supply around current levels,” Young said.
Young identified $60,000 as the key near-term level. Holding that area would suggest buyers are beginning to defend the market, while a failure to improve demand could leave Bitcoin vulnerable to a move toward $53,000 to $54,000.
He said he would be more comfortable with a recovery once Bitcoin moves back above $65,000, then holds above $70,000 with real spot buying behind it. A return to the $76,000 to $82,000 range, he added, would make the market look repaired after the correction.
Also Read: Sam Bankman-Fried Petitions Trump For Pardon Over $10B FTX Downfall

Die SpaceX-Aktie sieht sich neuen Bewertungszweifeln gegenüber, nachdem Analysten von Morningstar sagten, dass SPCX auf etwa 63 Dollar fallen könnte, obwohl die IPO-Nachfrage stark blieb.
Wichtige Punkte:
Morningstar schätzte den fairen Wert für SPCX auf 63 Dollar, weit unter dem vorgeschlagenen IPO-Preis von 135 Dollar.
Die Nachfrage nach dem SpaceX-IPO soll laut Walter Bloomberg über 350 Milliarden Dollar betragen haben.
Einige Analysten bleiben bullish, mit einem Kursziel von 190 Dollar, das an das Wachstum von SpaceX im Bereich Raumfahrt und KI gekoppelt ist.
SpaceX-Bewertung
Analysten von Morningstar haben die Bewertung von SpaceX in Frage gestellt, nachdem einer der am meisten beobachteten IPOs des Jahres starkes Interesse von institutionellen und privaten Investoren angezogen hat.

Bitcoin (BTC) miners have slipped into a capitulation phase, with profit margins under 5%, a pattern that traders say has marked past market bottoms.
Key Points:
Bitcoin miners have entered the capitulation phase of the current bear market.
Mining margins have dropped below 5%, a level historically tied to accumulation.
One trader still expects a deeper low before the cycle turns.
Bitcoin Miners Hit Capitulation
Onchain figures shared this week pointed to mounting strain across the mining sector, with several gauges flashing levels last seen at prior cycle lows.
In a Thursday X post, pseudonymous trader Killa argued miners were capitulating, judging spot price against mining difficulty.
A chart from analytics platform Bitbo that tracks price relative to the last long-term difficulty low sits firmly in the red, repeating a setup from earlier downturns.
The reading lines up with thin margins.
"There isn't a clearer sign to start accumulating," Killa told followers, framing the stress as a buying window.
Also Read: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B
Charles Edwards Cites Value
Charles Edwards, founder of quantitative fund Capriole Investments, pegged the average production cost near $61,200 and the electrical-cost floor at $48,965.
Those numbers leave miners with a margin of roughly 4.67%, close to two-year lows logged at the start of June.
By his read, the strongest long-term entries have historically sat between current prices and that electrical floor, a band the market is now testing as spot trades near $63,500.
"Miners are now just breaking even on average," Edwards wrote, tying the squeeze to a level that once rewarded patient buyers rather than sellers.
Bitcoin Miner Squeeze Deepens
Why it matters comes down to supply. When weaker rigs run at a loss, operators face a choice between absorbing the hit or selling reserves, and forced selling can drag price discovery lower.
Killa cautioned that the bottom may not be in, warning legacy markets could correct later this year and set the final pivot low.
The pressure has built for weeks. Daily revenue per terahash slid to about $0.28, down from $0.39 a month earlier, while miners trimmed holdings and some shifted power toward AI data centers. Bitcoin last traded below production cost for stretches in 2019 and 2023, spells that preceded eventual recoveries.
Read Next: Bitget Clears Argentina Regulator, Adding Another Latin America Market

Stablecoins reached a record near $320 billion in supply during May, even as their trading on centralized exchanges sank to the lowest level since 2023.
Key Points:
Stablecoin supply set a record near $320 billion in May, a fourth straight monthly high.
Trading on centralized exchanges fell 4.13% to $883 billion, the softest since November 2023.
Tether and USD Coin anchor most of the float, deepening reliance on two issuers.
Stablecoin Supply Sets $320B Record
The total stablecoin market cap climbed to about $320 billion in May, its fourth consecutive monthly record, even as broader crypto prices drifted lower, media reported. Volume on centralized exchanges moved the other way. Stablecoin turnover there fell 4.13% to $883 billion, the weakest reading since November 2023, with Tether (USDT) at 73.7% of the flow.
Supply is rising even as fewer dollars churn through exchange order books. That split points to stablecoins increasingly held as collateral, treasury cash, and settlement rails rather than pure trading fuel.
Also Read: Bitget Clears Argentina Regulator, Adding Another Latin America Market
Why USDT, USDC Dominate
The gap traces partly to thinner derivatives trading, where average monthly volume across the top 11 centralized perpetual venues dropped 34% in early 2026, CoinGecko tracked. Those venues averaged $4.69 trillion a month, down from $7.11 trillion across 2025. Decentralized rivals gained ground, averaging $611.57 billion a month as traders drifted away from centralized books.
A DeFiLlama snapshot placed Tether near $187 billion and USD Coin (USDC) around $75 billion, leaving USDT dominance close to 59% and the pair in command of most of the market. Compliance regimes such as Europe's MiCA favor issuers with audited reserves and deep bank ties, steering exchanges, fintechs, and payment partners toward the two largest names.
Stablecoins Move Past Trading
Within the top ten, the gains ran uneven, with Ethena's USDe (USDe) climbing 18.2% to $4.50 billion. PayPal's PYUSD (PYUSD) dropped 9.31% to $3.05 billion over the same stretch. Tether's own supply slipped 0.69%, marking its first monthly decline in three months.
The shift suggests holders are parking dollars rather than churning them, with more supply sitting as collateral in lending markets, as treasury cash, and as rails for payroll and cross-border payments. Those balances tend to stay put for weeks at a time, lifting total supply without surfacing as exchange turnover.
The float has grown through the downturn regardless, expanding nearly 49% in 2025 to close the year near $311 billion. That climb held even as Bitcoin (BTC) slid from its October 2025 high and equities outran crypto for much of the stretch. May's record simply extended that streak, with token prices still sliding into June.
Read Next: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B

Michael Saylor defended Strategy after its rare sale of Bitcoin (BTC) drew criticism during a sharp market decline.
Key Points:
Strategy sold 32 BTC between May 26 and May 31 for about $2.5 million.
Bitcoin has fallen nearly 15% since the Jun. 1 disclosure, while MSTR stock has dropped 24%.
Saylor said he never promised the company would never sell Bitcoin.
Saylor Bitcoin Sale
Saylor addressed the controversy at the BTC Prague conference, where he said his “never sell” message was directed at individual Bitcoin holders, not at Strategy as a public company.
“By the way, I said to you never sell your Bitcoin. I never said the company wouldn’t sell Bitcoin. And anybody who is listening to our earnings call or reading our disclosure or has half a brain knows, for the last five years, we’ve been very clear that of course we sell the Bitcoin if we have to,” he said.
Strategy disclosed on Jun. 1 that it sold 32 BTC between May 26 and May 31 for about $2.5 million. The company sold the coins at an average price of $77,135, above its stated acquisition cost of $75,699 per BTC.
The sale was Strategy’s first in years and unsettled parts of the market, even though Saylor had signaled in early May that a sale remained possible. Bitcoin has fallen nearly 15% since the disclosure, while MSTR stock has dropped 24%.
Also Read: Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B
Strategy Backlash
The criticism intensified after Jim Cramer wrote on X that “Saylor murdered Bitcoin.” Saylor blamed the sell-off on growing investor excitement around artificial intelligence stocks, rather than Strategy’s sale.
Arca rejected that view in a weekly investor note.
Chief Investment Officer Jeff Dorman wrote that the weakness was “clearly due to the Saylor/MSTR news,” despite what he called “gaslighting” from the firm and other Bitcoin bulls.
Strategy has continued buying despite the dispute. The company recently added 1,550 BTC for more than $100 million, lifting its total holdings to 845,256 BTC at an average purchase price of $75,680 per coin.
The latest sale also recalled Strategy’s previous Bitcoin disposal in Dec. 2022, when crypto markets were under pressure from rate hikes, the collapse of FTX and contagion across lenders and hedge funds.
Read Next: Bitget Clears Argentina Regulator, Adding Another Latin America Market

Jeff Bezos said AI will not erase U.S. jobs, arguing the technology could cut working hours as his startup Prometheus reached a $41 billion valuation.
Key Points:
Bezos said AI could create labor scarcity rather than mass unemployment.
Prometheus raised $12 billion in a Series B round, Axios reported.
Public concern remains high as layoffs tied to AI continue across industries.
Bezos AI View
Bezos rejected a central fear in the AI debate, saying the technology is more likely to lift productivity than destroy the labor market.
The Amazon founder made the comments to CNBC as Prometheus, his physical AI venture, announced a $12 billion Series B raise at a $41 billion valuation, according to Axios.
He said many forecasts are too bleak. In his view, automation could make labor scarcer because workers may choose shorter weeks, less overtime or single-income households.
“A lot of people who, for example, today have two-earner households, perhaps one of those earners will choose not to be in the job market, so they’ll become a one-earner household. Maybe some people who are working overtime will stop working overtime, because they don’t want to work overtime,” he said.
Prometheus launched in November with $6.2 billion in backing. Bezos serves as co-CEO with Vik Bajaj, who previously co-founded Verily, an Alphabet subsidiary.
Also Read: Will SpaceX IPO Steal Bitcoin’s Next Rebound?
Prometheus Funding
Prometheus employs about 150 people and builds AI tools for engineering and manufacturing physical products. The round included JPMorgan, Goldman Sachs, BlackRock, DST Global and Arch Venture Partners, while Bezos also invested.
The valuation is four times the company’s launch figure. That jump shows investors are still willing to fund capital-intensive AI companies, even as concern over workplace disruption grows.
A recent Pew Research Center survey found that half of U.S. adults feel more concerned than excited about AI in daily life. BeInCrypto has also reported on layoffs linked to AI adoption.
The debate has widened through 2026 as companies test AI systems for coding, customer service, research and operations. Earlier fears focused on office work, but Prometheus points to a broader question, whether AI will reshape physical industries as quickly as software.
Read Next: Bitcoin's $53,600 Bottom Looms As ETF Money Keeps Rushing Out