The OpenAI Pre-IPO valuation on Binance is trading at a premium of approximately 16% compared to trade.xyz, with an estimated $1.6 trillion valuation.
May 26 update from BlockBeats: Following the launch of OpenAI U Perpetual Futures pre-IPO trading on Binance, the platform’s "estimated per-share price" briefly spiked to $1,630, and is currently trading at $1,600—putting OpenAI’s projected post-listing market capitalization at $1.6 trillion.
Separately, on Hyperliquid ecosystem’s trade.xyz trading platform, OpenAI’s current "estimated per-share price" stands at $1,378, translating to a $1.378 trillion post-listing market cap. This means Binance is charging a roughly 16% premium over trade.xyz’s pricing.
Earlier this month, OpenAI CEO Sam Altman noted that even if the company files for an IPO quickly, it may not go public immediately. The firm’s earliest listing target is September, though the timeline remains flexible. Goldman Sachs and Morgan Stanley are among the investment banks assisting OpenAI with drafting its IPO prospectus.
According to PolyBeats’ monitoring of prediction market Polymarket, the odds of OpenAI going pu
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ByteDance issues equity incentives for the first time to a specific business unit, opening up "Bean Stock" options to Seed employees this month
According to monitoring from DeepChain Beating via t.me/OneMillion_AI, insiders have revealed that ByteDance is offering discounted stock options tied to its Seed AI division to employees globally. This marks ByteDance’s first issuance of equity for a specific business unit, and the incentive plan allows employees to share in the Seed division’s growth without being diluted by the performance of ByteDance’s other lines of business.
Insiders added that ByteDance opened up subscriptions to its “Beanie Stock” program for Seed division employees worldwide this month, with a share price of $13. Since the stock was granted at roughly $10 per share at the end of last year, its value has climbed nearly 30%.
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The Whale Evaded has once again shorted $40.32 million worth of BTC, with a liquidation price of $77,413.63.
May 26: Per LookOnChain monitoring, the whale Evaded has reentered a short position of 525.34 Bitcoin (valued at $40.32 million) with 40x leverage. The liquidation price for this short trade is $77,413.63. Additionally, Evaded maintains a long position of 53,500 ZEC worth $32.92 million, which is currently sitting at a $1.87 million loss.
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Bitcoin Volatility Nears Lowest Level Since 2023 as Crypto Market Enters 'Calm Before the Storm'
On May 26, Bitcoin’s expected volatility plummeted to a nine-month low. The Bitcoin VIX Index—which tracks 30-day expected volatility derived from option prices—dropped to 36.11, hitting its lowest level since September last year and nearing the 2023 low point.
Weak trading activity, paired with speculative capital shifting away from Bitcoin to other assets, has eased demand for options as a protective hedge. Meanwhile, Bitcoin’s price has pulled back to levels close to its September 2023 lows, with the broader crypto market entering a "breather" phase. Market sentiment remains relatively calm, and short-term volatility is expected to stay suppressed at low levels moving forward.
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ECB Governing Council Member: Rate Hike Needed in June Even If Iran Deal Reached
May 26 (Reuters) – Isabel Schnabel, a member of the European Central Bank’s (ECB) Executive Board and a contender for ECB president, said even if the U.S. and Iran reach a peaceful agreement, the ECB should still begin hiking interest rates in June. She argues the ongoing energy shock has lasted far longer than expected, as damage to energy infrastructure and supply chain disruptions push high energy costs to ripple across the broader economy.
Schnabel noted Eurozone inflation has climbed to 3%, with additional upside risks ahead. Inside the ECB, officials are concerned that elevated energy costs are driving up prices for goods and services via a "second-round effect," which is creating stickier inflationary pressures. She stressed the ECB’s prior baseline forecasts already factored in two interest rate hikes, and a single move may not be enough to meet the inflation control target.
Markets have already priced in expectations for two upcoming increases to the ECB’s deposit rate, and
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