Binance's latest Launchpool has received over 18.4 million BNB

Beating AI News Flash: AI power infrastructure firm SB Energy has filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq and Nasdaq Texas Stock Exchange under the ticker symbol "SBE", with SoftBank as its controlling shareholder. According to the prospectus, SB Energy states its business is "highly dependent" on OpenAI, which acts as both a data center tenant and a shareholder. OpenAI’s operational performance will significantly impact the company’s near-term revenue, project financing, and development plans. As of the prospectus filing date, SB Energy has not yet put any data centers into operation, and its data center business has not generated revenue. In the first half of 2026, the company recorded a net loss of approximately $3.2 billion and revenue of around $139 million, primarily from its traditional energy operations. The company also disclosed that AI data center construction relies heavily on external financing and partner support. According to a Wall Street Journal (WSJ) report, SB Energy is seeking to raise between $50 billion and $70 billion via the IPO, with a potential listing as early as this month. Backed by SoftBank, the firm has secured investments from OpenAI, NVIDIA, and other entities. NVIDIA previously announced it would provide $105 billion in financing for OpenAI’s Ohio data center project, which will be built by SB Energy. SB Energy further warned that AI data centers face risks including community opposition, local regulatory constraints, slowing demand for AI infrastructure, technological advancements making facilities obsolete, and declining capital expenditures from hyperscale cloud providers.

Due to renewed attacks on refineries amid the Middle East conflict and the Ukraine war, diesel supplies have tightened further, pushing prices to their highest level in over four months, stoking inflation concerns and exerting broader upward pressure on essential goods prices. ICE diesel futures rose as much as 4.2%, hitting their highest since April 9. The crack spread (the gap between diesel and Brent crude oil prices) remains elevated, having hit an all-time high last month. European diesel prices have also continued to climb, widening the gap with Asian diesel prices. Diesel prices have surged more than 50% since their June 18 low, outpacing the increase in crude oil prices over the same period. (Jin10)

According to Axios, citing three U.S. officials, the Trump administration is weighing approval of a military plan put forward by U.S. Central Command to conduct "periodic limited strikes" against Iran’s radar, air defense systems, and anti-ship missile positions near the Strait of Hormuz, aimed at blocking Iran from rebuilding its military capability to attack merchant vessels. The operation is internally dubbed "mow the lawn" by the U.S. military, with its core approach being to weaken Iran’s military facilities via sustained, limited military actions rather than launching a full-scale war. Trump has not formally approved the plan yet, but the White House’s stance on the proposal could shift in the wake of Iran’s recent missile attack on a U.S. military base in Jordan. U.S. officials stated that Iran is seeking to restore its radar, air defense, and anti-ship missile capabilities, and the U.S. military deems regular strikes necessary to maintain shipping security in the Strait of Hormuz. The U.S. military has previously struck Iranian military targets near the strait and carried out mine clearance and escort operations. If the plan is greenlit, it would signal a potential shift in U.S. military actions against Iran from phased strikes to continuous, low-intensity military suppression, which could further escalate U.S.-Iran tensions and raise shipping risks in the Strait of Hormuz.

SpaceX’s share price has rebounded back to its IPO price of $135. Earlier, the market had feared a mass sell-off by employees and early investors once the lock-up period expired, but no large-scale dumping materialized, and the stock instead climbed higher. SpaceX’s early post-IPO rally was partly fueled by its "scarcity value", but as more shares become available over time, the market’s focus has shifted from "whether the stock is scarce" to "who will keep absorbing the supply". The first major lock-up release unlocked roughly 912 million shares, and an additional ~3 billion shares are expected to become tradable by the end of this year. Meanwhile, Wall Street is accelerating the integration of SpaceX into institutional investment frameworks. Multiple banks have released price targets after the quiet period, with a median of ~$225, ranging from $190 to $800: Goldman Sachs at ~$205, JPMorgan at ~$225, and Morgan Stanley at ~$300. As analyst coverage, valuation models, liquidity, and potential index inclusion gradually mature, SpaceX is evolving from a "scarce asset" to a standard security that institutional investors must compare with holdings like Nvidia, Microsoft, Amazon, and Google during portfolio allocation. However, SpaceX’s current valuation already factors in expectations of rapid future growth for its core businesses: Starlink, Starship, AI infrastructure, and orbital computing. As share supply grows, the "scarcity premium" will gradually weaken, and the stock’s ability to keep rising will depend more on the delivery of fundamentals and whether institutional capital can continue absorbing the new supply.

Thousands of X users have reported receiving unsolicited password reset emails, including accounts of multiple well-known crypto industry figures and CoinDesk staff. Some users received up to 10 such emails within hours, sparking market concerns over account takeover attacks or potential data breaches. Crypto investor Nic Carter noted that a large number of users are receiving X password reset requests, and recommended enabling X’s "Password Reset Protect" feature. Another crypto user, cap.eth, said that even with two-factor authentication enabled, someone is still "actively" attempting to reset their password. There is currently no evidence that the X platform system has been compromised or that a large-scale account takeover has occurred. X’s security mechanism allows attackers to initiate password reset requests using only publicly available usernames, after which X sends reset emails to linked email addresses. Thus, receiving such emails does not in itself mean a user’s email address has been leaked. X has not yet publicly responded to the abnormal password reset requests, nor has it confirmed any coordinated attack activities or security incidents. Industry insiders advise users to check their account security settings and enable the Password Reset Protect feature.

According to a report from The Information, insiders revealed that Elon Musk has adjusted SpaceX’s data center construction team in recent weeks, replacing multiple leaders and bringing in executives from the company’s rocket and satellite internet divisions to strengthen its data center infrastructure. Two sources noted that the data center restructuring stems from civil engineering issues and persistent reliability problems at SpaceXAI’s existing facilities in Tennessee and Mississippi. During the early phase of its AI infrastructure development, SpaceXAI rushed to complete these data centers quickly, resulting in some facilities operating for months without backup cooling and power systems—a setup that has heightened the risk of system outages.