Institutional crypto trading platform LMAX is exploring a sale or an initial public offering, with a potential valuation of up to $5 billion.

Elon Musk reposted a post on X, commenting "I fully support this. Jensen is right", publicly backing NVIDIA CEO Jensen Huang’s open letter—signed earlier by Huang—advocating for the importance of open models. In related prior reports, Huang made his first post on X, stating that open models are of great significance for AI security, innovation diffusion, and technological sovereignty.

Michael Saylor, founder of Strategy, announced in a post that STRC has become the largest holding in three leading U.S. preferred stock ETFs, with a combined position size of $756 million. The three ETFs include BlackRock’s PFF, Virtus InfraCap’s PFFA, and VanEck’s PFXF. Saylor stated, “Digital credit is entering the institutional mainstream.”

According to Bitget's market data, WTI crude oil plunged 5.00% intraday, currently trading at $88.15 per barrel.

Yemen’s Houthi group said Thursday it struck two Saudi oil tankers. A Pakistani official noted that a cessation of Houthi attacks on Saudi Arabia and other Gulf states would be a "precondition for the resumption of U.S.-Iran talks," adding that Pakistan has conveyed this message to Iran.

Coinbase Institutional and Glassnode have jointly released a market report, maintaining a neutral outlook for the cryptocurrency market in Q3 2026. In Q2, the total market cap of the crypto sector excluding stablecoins fell by approximately 12%, while stablecoin supply hit an all-time high. On-chain data indicates Bitcoin may be transitioning from a correction/adjustment phase to an accumulation phase, marked by valuation compression, near-term active supply hovering near multi-year lows, and the share of profitable supply dropping below its historical statistical lower bound — a level that has historically correlated with accumulation rather than distribution zones. However, the macro liquidity environment remains tight. The Federal Reserve, led by Kevin Warsh, has maintained a hawkish stance, with the U.S. dollar strengthening; combined with geopolitical risks, selling pressure from digital asset treasuries, and net outflows from BTC and ETH spot ETFs in the first half of the year (though the outflow pace has begun to slow), the report’s overall outlook remains cautious.

Three Pakistani sources said Pakistan is exploring ways to restart US-Iran talks to end the nearly five-month-long war. The sources added that Iranian Interior Minister Eskandar Momeni held exploratory talks during his visit to Islamabad this week — his second trip to the Pakistani capital in the past 10 days. According to a Pakistani government statement, Momeni, who is viewed as having close ties to Iran’s Revolutionary Guard, met this week with Pakistani government leaders and military chief Asim Munir. All three sources warned that barriers to holding talks with the United States remain high. According to Bitget market data, the short-term decline of both WTI and Brent crude oil has widened to around $1.5. Brent crude oil plunged 4% on the day, trading at $91.11 per barrel. WTI crude oil fell below $89 per barrel, logging a 4.26% daily decline.