Odaily reported OKX market data shows ZEC continues to climb, reaching a high of 648 USDT and currently trading at 640.1 USDT, with a 24H increase of 12.1%.

Odaily OpenAI has been working with investment banks to prepare for the submission of an initial public offering (IPO) application in the coming days or weeks. Investment banks including Goldman Sachs and Morgan Stanley are assisting OpenAI in drafting its IPO prospectus. The company plans to confidentially file documents with regulators soon, potentially as early as this Friday. According to some informed sources, OpenAI aims to launch its listing as early as September, though the plans remain subject to change and may still shift.

Earlier this week, OpenAI cleared a major hurdle on its path to an IPO: The company prevailed in a legal dispute with Musk, a co-founder who has since become a rival of CEO Altman. Musk stated that he plans to appeal the ruling. OpenAI still faces a series of other challenges, most notably concerns about whether it can generate sufficient revenue to support its massive data center spending commitments. (WSJ)

Odaily reported, citing market sources: sources say OpenAI is preparing to submit an IPO application soon.

Odaily reported that Bitcoin weakened again after the US stock market opened on Wednesday, briefly rising to around $77,678 before pulling back, continuing the structural trend seen this week of "strength during Asian hours, weakness during US hours".

The market is closely watching the upcoming Nvidia earnings report, which many institutions consider one of the most critical macro volatility triggers this quarter. Influenced by this, sentiment was cautious before the US stock market open, with the S&P 500 falling about 1.3% at one point before recovering slightly, but overall risk appetite remains weak.

On the on-chain and spot structure front, the Coinbase Premium Index has dropped to multi-month lows, indicating persistently weak buying pressure in the US market. This indicator has remained negative recently, reflecting relatively insufficient spot demand in the US region. Even with Bitcoin prices still at high levels, marginal buying has not increased correspondingly.

Technically, Bitcoin has again fallen below the 21-week Exponential Moving Average (21W EMA). Analysts point out that this level may shift from support to resistance. If Bitcoin fails to reclaim this level, it will increase the risk of short-term consolidation and pullback. Overall, the market has entered a wait-and-see mode amid the combination of major tech earnings reports and macro uncertainty. (Cointelegraph)

Odaily reported that USDF, a custom stablecoin on the Solana blockchain jointly launched by Coinbase and Flipcash, has gone live. It is part of the "Custom Stablecoins" initiative, enabling businesses and protocols to easily issue their own branded USD stablecoins for payments, payroll, cross-border settlements, and more, while maintaining regulatory compliance.

Odaily Odaily reports that Trump Mobile has been hit by a user data leak, involving personal information such as customer email addresses and mailing addresses. The affected data is reportedly still accessible online.

YouTube creators Coffeezilla and penguinz0 stated that after ordering the Trump Gold T1 phone, they received a warning from security researchers, only to find their personal information already appeared in the leaked dataset. Coffeezilla said the leak included nearly all basic identity details, with only credit card numbers missing, and warned users not to place orders on the platform. The two claimed that the leaked data appeared to originate from a publicly accessible system, and they have yet to receive an official response or a fix explanation from Trump Mobile, meaning the issue remains unresolved.

Based on the order numbers in the leaked data, actual pre-orders are estimated at around 30,000 units—far lower than the previously anticipated pre-sale volume of about 590,000. Analysts suggest this incident further raises external doubts about Trump Mobile's product delivery and basic security capabilities. (TechCrunch)

OdailyOdaily reported that according to MSX.COM data, the three major U.S. stock indices continued to rally, each rising over 1%. Trump stated that negotiations with Iran have entered their "final stage." The yield on the 10-year U.S. Treasury note fell 10 basis points to 4.56% on the day, while European natural gas prices once fell nearly 8%.

Energy and commodity analyst Javier Blas commented: "Trump says negotiations with Iran have entered the final stage again. The market should take this with a huge grain of salt, as the president has made similar statements regarding the war before. In short, whatever you think of Trump, you have to admit he's really good at moving the oil market with his words—really, really good."

Odaily Odaily reports that the spot ETF product associated with Hyperliquid recorded approximately $22.3 million in net inflows during its first week of trading. Market analysts believe this reflects strong institutional demand and the expansion of the on-chain derivatives ecosystem. Data shows that Hyperliquid currently captures over 42% of the fee share in the on-chain derivatives market, significantly ahead of the Ethereum and Solana ecosystems. Analysts suggest that the token (HYPE) buyback and burn mechanism further amplifies the transmission effect of ETF fund flows on price. (The Block)

Previously reported, Bloomberg ETF analyst Eric Balchunas stated that the continued rise in THYP trading volume is "a positive signal of increasing organic demand" and noted that Hyperliquid's high fee revenue may be a key factor attracting investor attention.

Odaily Planet Daily reports that Trump stated the negotiations between the US and Iran have entered the "final stage" and said, "Let's wait and see." (Jin Shi)

Odaily Planet Daily News: Crypto journalist Eleanor Terrett posted on X platform that Hester Peirce (known as "Crypto Mom") will join the faculty of Regent University School of Law in Virginia, USA as an associate professor this November, according to the university's latest press release.

Hester Peirce, currently a Commissioner of the U.S. Securities and Exchange Commission (SEC) and head of the crypto working group, has had her new academic appointment interpreted by the market as a signal that her tenure at the regulatory agency may be nearing its end. According to the announcement, she will teach courses on securities regulation, financial markets, digital assets, and public policy in her new role. Industry observers believe this move could further impact the personnel structure and future direction of the U.S. crypto regulatory policy team.

Odaily reports that fintech company Mercury has announced the completion of a new $200 million funding round, led by TCV with participation from Sequoia Capital, Andreessen Horowitz (a16z), Coatue Management, and other institutions.

Mercury primarily provides banking services to startups. It currently serves over 300,000 clients and has achieved approximately $650 million in annualized revenue. The company stated that the recent surge in AI entrepreneurship has significantly driven demand for new company registrations and account openings, serving as a key growth driver.

Meanwhile, Mercury also announced that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to apply for a federal banking charter. This would enable it to expand lending capabilities, gain access to payment networks like Zelle, and reduce its reliance on partner banks. The company's founder stated that the long-term goal remains an independent IPO rather than an acquisition. (CNBC)

Odaily reported that with the rapid development of artificial intelligence, the surge in demand for computing power across more scenarios is also reshaping the supply structure. Industry insiders indicate that during the "14th Five-Year Plan" period, China's computing power construction focused on filling the gap in scale, resulting in continuous growth in total computing capacity.

At the same time, issues such as overall tight supply, regional supply-demand mismatches, and high usage costs persist. Revitalizing existing computing power resources and ensuring supply are the primary challenges that need to be addressed in the construction of computing power networks. Recently, China's three major telecom operators have successively launched token package products for individuals and enterprises, which industry insiders view as a sign of further popularization of artificial intelligence.

Experts state that in the next stage, the development of computing power will transition from large-scale construction to a new phase of "balanced development of construction and application, and efficient operation." Improving computing power utilization and achieving efficient scheduling have become inevitable requirements for advancing the development of computing power networks.(CCTV Finance)

Odaily reports that, according to Onchain Lens monitoring, K3 Capital has withdrawn 7,930 ETH from Binance, worth $16.88 million.

According to Lookonchain monitoring, today US Bitcoin ETFs recorded a net outflow of 4,374 BTC, Ethereum ETFs saw a net outflow of 35,904 ETH, and Solana ETFs had a net inflow of 27,115 SOL.

Odaily reported, according to Onchain Lens monitoring, over the past 2 hours, a whale has opened a 10x leveraged short position on HYPE, currently holding 218,406 HYPE in the position, with a position value of $11.16 million and a liquidation price of $60.98.

Odaily reports, In a recent video interview with Cointelegraph, Gate Founder and CEO Dr. Han stated that the crypto industry is transitioning from a primarily speculation-driven market towards a phase focused on infrastructure development and real-world applications. Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming core directions for the industry, and that clearer regulatory frameworks (such as the CLARITY Act) are expected to further drive innovation in DeFi, payments, and on-chain finance.

Dr. Han also mentioned that high user entry barriers, security risks, and liquidity fragmentation remain significant challenges facing the industry. In the future, the crypto industry will further integrate with traditional finance, playing a more important role in areas such as payments, settlement, and the circulation of digital assets.

Gate continues to deepen its multi-asset and TradFi strategy. In addition to expanding into assets such as stocks, metals, forex, indices, and commodities, it has also launched Pre-IPOs with the first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to integrate Polymarket, Gate is continuously promoting the development of the prediction market ecosystem, accelerating the construction of a comprehensive trading platform that spans crypto and traditional finance.