Yellow Korea

Anthropic’s Fable 5 briefly outperformed OpenAI’s GPT 5.5 across major AI benchmarks before a June 12 U.S. export control directive took it offline.
Key Points:
Fable 5 led GPT 5.5 on Chatbot Arena, SWE-Bench Pro and major coding tests.
The model was available for only three days before the U.S. government ordered Anthropic to disable it.
GPT 5.5 is now the strongest available model by default, not because it passed Fable 5.
Fable 5 Shut Down
Fable 5 became the most capable public AI model after its Jun. 9 launch, topping GPT 5.5 on major benchmarks before the U.S. government intervened three days later.
The model ranked first on Chatbot Arena, while GPT 5.5 ranked fourth. On SWE-Bench Pro, Fable 5 scored 80.3%, compared with 58.6% for GPT 5.5, a gap of nearly 22 points in real software engineering tasks.
The lead was also clear in coding tests. Fable 5 scored 1,665 on Code Arena, 98 Elo points above GPT 5.5, and reached 29.3% on FrontierCode Diamond, where GPT 5.5 managed 5.7%.
GPT 5.5 held one narrower advantage in practical positioning. It costs $5 per million input tokens and $30 per million output tokens, while Fable 5 cost $10 and $50, making OpenAI’s model cheaper for high-volume use.
Fable 5 also offered a one-million-token context window and 128,000 output tokens. Anthropic had made it available to Pro, Max, Team and Enterprise subscribers at no extra cost until June 22, before the order ended that window early.
Also Read: Is AI Becoming A Real Advantage In Court? Ask The Lawyer Who Just Beat Meta
GPT 5.5 Is The King
The shutdown followed a Jun. 12 export control directive that cited a jailbreak vulnerability in Fable 5 and the wider Mythos 5 model family. Anthropic disputed the finding, saying the issue was minor, already known and also achievable on GPT 5.5 without special bypass methods.
The result is unusual for the AI market.
Developers lost access to the model that led the benchmark tables, while GPT 5.5 became the best available option because its closest rival was removed.
That distinction matters most for coding workflows. A 22-point SWE-Bench Pro gap means the difference between a model that can solve about four in five real codebase issues and one that handles closer to three in five.
Fable 5’s brief run also showed how fast the frontier can move. GPT 5.5 launched in late April under the internal codename “Spud,” but its lead lasted only until Anthropic opened public access to a stronger Mythos-class system in June.
Read Next: Anthropic Refused To Patch Claude Fable's Jailbreak, So The US Banned It, David Sacks Says

AI helped trial lawyer Mark Lanier cut trial preparation time before a $6 million social media addiction verdict against Meta and Google.
Key Points:
Lanier said AI helped him turn 30 hours of trial work into 10.
A jury awarded $6 million after finding Meta and Google negligent.
The lawyer said AI helped with transcripts, arguments and jury questions, not unsupervised legal research.
AI Trial
Lanier, a Texas trial lawyer, told Business Insider that AI played a central role in his five-week trial against Meta and Google in March.
He said the tools helped him turn 30 hours of work into 10 and gave his team the equivalent of “10 additional workers who are incredibly well-trained, who know the file inside and out, who work 24 hours a day.”
The case was the first U.S. social media addiction lawsuit to reach a jury verdict. Jurors found the companies negligent, called their platforms “dangerous” and awarded $3 million in compensatory damages and $3 million in punitive damages.
Meta was assigned 70% of the responsibility, while YouTube was assigned 30%. The verdict is a bellwether for more than 1,500 similar lawsuits consolidated in federal multidistrict litigation.
Lanier used Boodlebox, a multi-model workspace that gives users access to ChatGPT, Claude and Gemini in one collaborative platform. He worked with Boodlebox on a custom license that costs six figures annually and was designed to include his 42 years of trial experience.
At the end of each trial day, his team fed transcripts into AI models for review. He also used the tools to sharpen arguments and assess jury questions during deliberations.
Also Read: Index Rules Turn SpaceX’s $2T Debut Into A Market Stress Test
Lanier Warning
Still, Lanier drew a line between assistance and delegation. He said he does not let AI write briefs or conduct legal research without close human review, the areas that have caused trouble in courts.
Legal analyst Damien Charlotin has tracked more than 1,300 cases worldwide involving AI-generated filings with fabricated citations.
Lanier said AI made one incorrect claim from the record during the case, but he caught it.
“It’s not unbridled,” he said. “You are an important part of the equation.”
The broader lesson is that AI in litigation was already under scrutiny before the Meta verdict, as firms faced sanctions risks for hallucinated filings while trial teams explored safer uses for strategy and review.
Read Next: SpaceX, OpenAI And Anthropic IPOs Spark One Big Investor Question

David Sacks, a White House technology adviser, said the Trump administration imposed export controls on Anthropic after it declined to patch a reported jailbreak in its Fable AI model.
Sacks Details Anthropic Order
In a post on X on Saturday, Sacks wrote that a trusted partner testing Fable had found a way around guardrails meant to block its use for cybersecurity. The administration then asked Anthropic chief Dario Amodei to fix the issue or pull the model.
Amodei refused, according to Sacks.
The dispute followed Anthropic's Jun. 9 release of Fable 5, a version of its more powerful Mythos 5 system fitted with safety guardrails. Commerce Secretary Howard Lutnick later barred foreign nationals from both models, and Anthropic disabled them worldwide.
Also Read: Bitcoin Bulls Eye $67K After Trump Says Hormuz Will Open To All
Anthropic Disputes Jailbreak Severity
Anthropic pushed back in a blog post. The company said it disagreed that a narrow jailbreak should force the recall of a model used by millions, and argued that rival systems could be exploited the same way.
Sacks said the move was reluctant, and that officials hoped Anthropic would fix the flaw so Fable could return. He also denied any link to earlier friction. In March, the Pentagon labeled Anthropic a supply chain risk, a designation the company is now contesting in federal court.
Read Next: Index Rules Turn SpaceX's $2T Debut Into A Market Stress Test

Bitcoin (BTC) held near $64,000 before Sunday’s weekly close after Donald Trump said a U.S.-Iran peace deal would reopen the Strait of Hormuz.
Key Points:
Bitcoin traded near local highs after Trump said an Iran peace deal would be signed on Sunday.
Traders said the $65,000-$67,000 area is the next major resistance zone.
Rising open interest and lower funding rates suggested bears may be adding shorts into the rebound.
Bitcoin Iran Deal
Data showed Bitcoin trading below a local high of $64,750 on Bitstamp, with the move coming after Trump posted his latest update on Truth Social.
“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump wrote, referring to the waterway that carries a major share of global oil flows.
The statement helped keep Bitcoin’s rebound intact as traders looked for signs that selling pressure was fading. SuperBro, a trader on X, said the 200-week simple moving average was still acting as support.
“In a word, constructive,” SuperBro wrote, while rejecting the idea that a bearish breakdown pattern was active.
The trader said the $65,000-$67,000 range remains the major test because it aligns with the last swing low and a high-volume point of control on exchange order books.
Also Read: SpaceX, OpenAI And Anthropic IPOs Spark One Big Investor Question
Bitcoin Short Squeeze
Cointelegraph previously noted that some traders still view the 200-week simple moving average with caution because it has not always worked as a reliable bear-market floor.
Another trading account, Cryptic Trades, focused on a different signal: rising open interest combined with falling funding rates across exchanges.
“It's finally happening,” the account wrote, arguing that the setup could support a more durable Bitcoin rebound because bulls were not aggressively chasing the move.
Cryptic Trades said the data looked more like bears were adding short positions into strength, which can create the conditions for a squeeze if the price keeps rising. That matters because Bitcoin’s recent recovery came after a weak stretch in which traders questioned whether the market could hold the low $60,000s. The current setup now puts the focus back on resistance near $65,000 and $67,000, where a clean breakout would weaken the bearish case.
Read Next: Crypto Super Cycle Still Coming, CZ Says As Bitcoin Holds Near $64K

SpaceX’s record IPO has left SPCX trading as a new off-benchmark gauge for mega-cap risk while S&P 500 inclusion remains delayed.
Key Points:
SpaceX is excluded from the S&P 500 for at least 12 months under existing IPO rules.
SPCX’s first session lifted its market value above $2.0 trillion after a roughly 19% gain.
The stock may now help traders read equity risk appetite and crypto market sentiment.
SpaceX Index
S&P Dow Jones Indices reaffirmed on Jun. 4 that new IPOs must complete a 12-month seasoning period before they can enter the S&P 500, keeping SpaceX outside the benchmark despite its size.
SpaceX priced its IPO at $135 on Jun. 11, selling 555.6 million shares and raising about $75 billion, according to the company.
SPCX opened near $150 the next day and closed around $161, up roughly 19%, lifting the company’s market capitalization above $2.0 trillion, according to Reuters coverage republished by Investing.com.
That matters because the S&P 500 guides more than $20 trillion in assets, while analysts cited by Reuters estimated that an immediate inclusion at a $2 trillion valuation and about 5% float could have drawn roughly $10 billion in passive demand.
Also Read: SpaceX, OpenAI And Anthropic IPOs Spark One Big Investor Question
SPCX Risk
Without automatic index buying, SPCX now gives investors a clearer look at discretionary demand for long-duration growth, frontier technology and crowded mega-cap trades.
A strong SPCX tape can suggest that investors are still willing to chase growth, while weakness during macro stress may show that risk appetite is thinning before it appears in broader benchmarks.
The signal could also matter for Bitcoin (BTC), since crypto often moves with liquidity conditions and speculative equity sentiment during volatile weeks.
Traders can compare SPCX with the cap-weighted S&P 500, the equal-weight S&P 500 and Nasdaq-100 to see whether leadership is broadening or becoming concentrated in a small group of large names. The retrospective point is simple: mega-cap IPOs can reshape market behavior before they enter indexes, and SpaceX’s first days show how a stock outside the benchmark can still influence risk positioning across equities and crypto.
Read Next: Crypto Super Cycle Still Coming, CZ Says As Bitcoin Holds Near $64K

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 Pasaules kausa uzvarētāja tirgus ir piesaistījis 2 miljardus dolāru mūža likmēs, kamēr konkurents Kalshi izplata to pašu likmi pa 48 mazākiem bukmeikeriem un iekasē lielāko daļu maksu.
Galvenie punkti:
Polymarket vienīgais Pasaules kausa uzvarētāja tirgus satur 2 miljardus dolāru apjomā, salīdzinot ar Kalshi 48 atsevišķo grāmatu izplatību.
Prognožu tirgi maijā sasniedza jaunu rekordu ar 31.2 miljardiem dolāru, ar Kalshi, kas ieguva 58% no plūsmas.
Kalshi nopelnīja 137.86 miljonus dolāru maija maksu, gandrīz piecas reizes vairāk nekā Polymarket.
Polymarket pulcē Pasaules kausa naudu

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) stock tokens faced a real-world supply test after SpaceX-linked demand overwhelmed xStocks’ ability to source underlying shares.
Key Points:
Binance Wallet’s SPCXx subscription window drew about $557 million in USDC from roughly 27,689 addresses.
Bybit, Binance Wallet and Bitget Wallet canceled campaigns after xStocks and its partners could not source enough SpaceX shares.
The episode showed that Solana’s speed does not remove off-chain custody, allocation and redemption risks.
Solana Stocks
SpaceX demand became an early stress test for tokenized equities on Solana, as investors rushed into SPCXx subscriptions that were designed to give exposure to the private company’s shares.
Binance Wallet’s campaign attracted about $557 million in USDC (USDC) from roughly 27,689 addresses.
The problem emerged outside the blockchain. xStocks and its sourcing partners could not secure enough underlying shares to meet demand, which led Bybit, Binance Wallet and Bitget Wallet to cancel allocations and issue refunds.
For public stocks, sourcing shares is usually more direct. Pre-IPO allocations are different because they can be limited, discretionary and subject to legal restrictions, lockups and investor eligibility rules.
The SpaceX campaign showed that a token interface does not guarantee inventory. Until shares are procured, held by a custodian or SPV, and tied to token supply, a subscription remains an intent to buy rather than settled ownership.
Also Read: Ethereum Tests Post-Quantum Wallet Path Without Protocol Changes
xStocks Bottleneck
The failure does not mean Solana’s RWA thesis is broken.
It means the weakest point sits between traditional finance and on-chain issuance, where providers must secure, custody and reconcile real shares before tokens can represent them.
Future offerings will need stricter controls. Hard caps should be linked to verified inventory, proof-of-asset reports should reconcile token supply with custodian records, and redemption terms should be clear before subscriptions open.
Investors should treat pre-IPO tokenized equity sales as capacity-constrained products.
The key questions are not only price and demand, but who holds the shares, what rights token holders receive and how refunds or redemptions work if allocations fail.
Solana’s recent tokenized stock growth remains notable. Near 97% of cumulative tokenized equities spot volume in May 2026, more than $2.8 billion in RWA value and over 200,000 tokenized stock holders, which explains why the SpaceX shortfall matters beyond one failed campaign.
Read Next: Anthropic Shuts Claude Fable 5 And Mythos 5 After US Government Order

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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