Bitget Stock IPO Prime Phase 2 OpenAI will open for subscription on May 12th
May 11 — Bitget announced today that the second phase asset for its IPO Prime program is preOPAI, a digital token issued on the Solana blockchain by regulated issuer Republic. The token is designed to track OpenAI’s economic performance on a 1:1 basis once the AI firm goes public.
Bitget’s IPO Prime uses a subscription model, where users receive a corresponding subscription quota based on their account tier. After token distribution wraps up, users can trade preOPAI on the upcoming spot market. Alternatively, once the lock-up period for preOPAI’s underlying debt assets ends, the issuer will authorize Bitget to redeem the token for either stock tokens or USDT, pegged to the target company’s stock market price.
IPO Prime Key Details:
- OpenAI Implied Valuation: $8.9821 trillion
- Total Subscriptions: 29,082
- Total Subscription Value: $21,084,450
- Subscription Price: 1 preOPAI = $725
- Accepted Currencies: USDT, USDG
- Investment Pool Cap: $300 million
- Individual I
8 minutes ago
OKX Launches the 9th Round of the Play and Win Strategy Trading, with a Total Prize Pool of 1 Million USDT
May 11 – Per official sources, OKX’s 9th Smart Strategy Trading Contest has officially kicked off, running now through May 20 at 11:59 PM GMT+8.
During the event:
- New users who deposit at least 10 USDT will earn a 100 USDT airdrop position.
- New users who trade over 100 USDT will get an extra 20 USDT reward.
- Both new and existing users who trade over 10,000 USDT **or** trade via an agent are eligible to win prizes including a DJI Pocket 4, a 10,000 USDT airdrop position, and 100 USDT.
8 minutes ago
BTC: Bitcoin Holds Steady Above $80,000, US CPI Data and CLARITY Act Deliberation on the Horizon
On May 11, QCP issued a statement noting that key U.S. inflation data—including CPI, PPI, and retail sales—will be released this week. The market is focused on whether inflation is stabilizing rather than reaccelerating.
Stable inflation figures could support expectations for looser financial conditions, which would likely push real yields lower. Historically, this dynamic has buoyed the crypto market. Conversely, persistent inflation would reinforce expectations of ongoing policy tightening, weighing on risk assets.
Notably, Bitcoin has held steady above $80,000 despite net outflows from spot ETFs last Thursday and Friday, as well as market concerns over Michael Saylor’s comments related to Bitcoin sales. This price resilience is viewed as constructive.
Additionally, the U.S. Senate Banking Committee plans to take up the “CLARITY Act” this week. While this is a procedural step rather than a final vote, it marks an important signal of legislative progress. Any forward movement
8 minutes ago
Cryptocurrency Bank Augustus Receives US OCC National Bank Charter, Plans to Revamp Cross-Border Settlement System with AI and Stablecoins
May 11 — Augustus Corporation announced today it has secured a national bank charter from the Office of the Comptroller of the Currency (OCC), making it the eighth institution to receive such a charter since 2010.
Previously, the company held a European banking license for cross-border euro transactions, serving clients including major financial firm Kraken—with the firm seeing tenfold annual growth. Augustus has raised $40 million in funding from investors including Peter Thiel’s Valar Ventures, Creandum, and founders of Ramp, Deel, Circle, and other prominent digital financial firms.
Unlike “light” licenses (e.g., traditional trust charters), Augustus’ formal banking charter allows it to accept customer deposits and access a master account at the Federal Reserve. Augustus CEO Dabitz—a 25-year-old Thiel Fellowship recipient—said the legacy clearing system, which relies on correspondent banks, is slow and error-prone. The firm plans to build a new code-based settlement system tha
8 minutes ago
OSMO has surged 200% in the past 24 hours, now trading at $0.1.
May 11 — Per HTX data, OSMO has surged past the $0.1 threshold, currently changing hands at $0.1028, with a 201% gain over the past 24 hours.
8 minutes ago
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