Broadcom gains 3% in pre-market trading following the announcement of a joint AI chip launch with OpenAI.

According to an official announcement, Binance has decided to withdraw its MiCA license application submitted in Greece and will seek authorization in another EU member state.

Computing power market infrastructure firm Ornn has closed a $33 million seed funding round, led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel, while existing backers Vine Ventures, Crucible Capital, Link Ventures, and Box Group also contributed. Ornn stated that mature commodity markets first require reliable pricing data; price discovery enables subsequent risk transfer, which in turn supports more efficient capacity allocation. Its OCPI, a transaction-based computing power index, is designed to deliver a unified, credible price benchmark for the computing power market eligible for settlement. Partners including ICE can facilitate risk transfer by directly referencing OCPI-based futures and options contracts. Ornn also unveiled Ornn Compute, a physical capacity layer for the computing power market that aggregates dedicated GPU capacity from multiple neoclouds onto a single platform, offering unified onboarding processes, a secondary transfer market, and on-demand subletting features. Operators can access diversified demand from multiple tenants via an underwriting contract, while buyers can view the location, hardware configuration, and terms of their reserved clusters. The platform will turn dedicated GPU capacity into liquid assets and unlock previously idle capacity for utilization.

According to data from Coinglass, as Bitcoin fell below $61,000, the crypto market saw a wave of rapid liquidations. Over the past hour, global crypto liquidations hit $134 million, with long positions accounting for $126 million and short positions totaling $8.53 million.

According to HTX market data, Bitcoin has fallen below $61,000, with a 2.85% decline in the past 24 hours.

Researcher Adam from Greeks.live wrote in a note that BTC put options are trading at a rapid pace currently. Over one-third of today’s block option trades are puts, mainly concentrated on put options expiring at the end of this month with strike prices between $60,000 and $63,000, signaling rising market risk aversion. US stocks have seen increased volatility over the past two days; accumulated risks in the broader market are unwinding, and the crypto market has been impacted, leading to a certain correction. Currently, the market is concerned about a synchronized downturn across multiple markets. He notes that with quarterly settlement approaching and low volatility having persisted for a long time, BTC is highly likely to see a sudden price swing.

Former U.S. House Speaker Nancy Pelosi reported two new option purchases on May 29, boosting her long exposure to Intel (INTC) and Uber (UBER). The related transactions were disclosed via STOCK Act filings on June 23. According to the disclosures, Pelosi bought 200 call options on Intel expiring March 19, 2027, with a $50 strike price, and the position is valued at between $1 million and $5 million. She also acquired 200 call options on Uber expiring the same date (March 19, 2027) with a $50 strike price, with the position valued at between $500,000 and $1 million.