Cryptocurrency punters raised odds that OpenAI could debut with a market valuation above $1.5 trillion, following the AI giant’s confidential IPO filing.

OpenAI To Be Next Trillion-Dollar Giant?

For context, only about ten companies in the world are valued at more than $1.5 trillion, including the “Mag 7” giants.

The probability of OpenAI reaching a valuation between $1.25 trillion and $1.5 trillion now stands at 14%, up 9 percentage points from the previous day. Over $1.7 million has been wagered on the bet.

The IPO Tsunami Is Here

The spike in odds follows the San Francisco-headquartered firm’s announcement that it has submitted a confidential draft registration statement on Form S-1,…

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Leading cryptocurrencies dipped, while major stock indexes closed higher on Monday as investors pinned hopes on a lasting ceasefire in the Middle East.

Crypto Market Stagnates

Bitcoin wobbled in the area between $62,000 and $64,000, while trading volume dipped.  Ethereum briefly surged above $1,700 in the evening before pulling back to $1,660.

Over $280 million was liquidated from the market in the last 24 hours, predominantly in long positions, according to Coinglass data, predominantly in short liquidations. 

Bitcoin’s open interest fell 0.56% in the last 24 hours. Interestingly, retail and whale derivatives traders on Binance were betting on BTC’s price increase, as shown by the…

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Bitcoin Clawed Back Above $63k—The Hard Questions Start Now – Benzinga

Friday left marks. Not the kind that fade by Monday morning.

The Week That Broke the $60,000 Floor

Understanding Monday’s bounce requires understanding what caused Thursday through Saturday in the first place, because the selling did not arrive from nowhere.

The Technical Picture Is Offering Clues, Not Answers

The technical picture coming into Monday carries a few details worth examining, honestly rather than selectively.

The Macro Problem Has Not Gone Anywhere

Here is the part of Monday’s recovery story that deserves the most honesty. The conditions that produced Thursday’s break and Friday’s low have not changed…

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​Following this news, $ZEC slumped by over 30%. As panic spread, the sell-off continued. The day’s loss hit around 50%. $ZEC dropped from this price to as low as $250. Key supporters of the privacy coin did not help matters as they cut their losses since ZCash cannot quantify the extent of the damage. How can the safety of this chain be proven when a bug went unnoticed for 4 years?

How The Bug Was Discovered

​What Taylor Hornby found was a weak constraint. This loophole allows data that will otherwise be rejected to return a success after validation. If the system is deceived into believing a transaction is authentic, it will record ZEC tokens from that transaction in… Read more on Benzinga

Bitcoin’s plunge below the key $60,000 level last week created winners in leveraged inverse ETFs betting against some of the crypto market’s most closely watched stocks.

The rally in bearish ETFs coincided with one of Bitcoin’s sharpest declines this year. The world’s largest cryptocurrency fell about 18% last week and briefly dropped to $59,101 on Friday, marking its first move below $60,000 since late 2024.

Strategy’s Weakness Boosts MSTZ

The selloff reverberated across crypto-linked stocks, particularly Strategy Inc (NASDAQ:MSTR), the company widely viewed as a leveraged Bitcoin proxy.

Strategy came under pressure after disclosing a small Bitcoin sale, its first since 2022. The…

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Why Layer Ones Beat Everything Else Over The Long Term

Pal’s core argument is that layer one blockchains are the infrastructure layer of the global digital economy, and infrastructure concentrates into three to five dominant players just like operating systems, cloud computing, and every major network before them. 

Unlike Bitcoin (CRYPTO: BTC), which has one job as a global savings asset, smart contract layer ones can scale infinitely as more economic activity moves on-chain.

“If you were to pull the plug on Ethereum today, how much economic value do you destroy?” Pal asked on the When Shift Happens podcast. 

“Every layer two, all of DeFi, all the real-world assets, all of NFTs,…

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Bitcoin is rebounding off the back of a relief rally after hitting some of its most oversold levels ever.

Notable Statistics:

Coinglass data shows 102,093 traders were liquidated in the past 24 hours for $608.09 million.       

SoSoValue data shows net outflows of $325.7 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $4.8 million.

In the past 24 hours, top gainers include Audiera, DeXe and Lighter.

Notable Developments:

Trader Notes:

Crypto Bully explained Bitcoin briefly tapped $60,000, a heavily watched support level, and held firm as short sellers took profits, helping fuel a rebound. Market panic around Strategy’s STRC and fears of…

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