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Convicted FTX founder Sam Bankman-Fried has officially submitted a formal request for a presidential pardon from President Donald Trump, according to records listed on the U.S. Department of Justice Office of the Pardon Attorney website. DOJ records indicate the request for “pardon after completion of sentence” was submitted in 2026 and is currently pending. The White House declined to comment. Bankman-Fried is currently serving a 25-year federal prison sentence after he was convicted of fraud charges in 2023 for orchestrating a scheme that misused billions of dollars in customer funds at FTX and its affiliated trading firm, Alameda Research. FTX…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite the Bitcoin crash to $59,000 triggering extreme fear across the crypto market, not everyone is worried about the move. For some, this move was expected and means that the cryptocurrency’s price is actually going according to plan. One of those who sees this move as a good thing is crypto analyst Alex Mason, who expected this to happen and has revealed what the next steps are for the Bitcoin price. The ‘Natural’ Trajectory For The Bitcoin Price In Mason’s analysis, he explains what’s going on with…

In brief Retail investors are hungry for AI stocks, making the declining Bitcoin look boring by comparison, Bernstein said Monday. Bernstein argues the low retail activity reflects a healthier, more institutionally stable market rather than a structural decline. Analysts reiterated a $150,000 price target by year’s end, which would mark a new all-time high. Bitcoin has tumbled roughly 27% so far in 2026, battered by weak inflows and retail investors who have largely redirected their enthusiasm toward AI stocks. But analysts at Bernstein are pushing back against the gloom, arguing the cryptocurrency’s quiet year is evidence of growing institutional stability…

In brief OpenAI said it recently submitted a confidential S-1 registration statement for a potential IPO. The company has not decided when—or whether—it will move forward with a public offering. The filing follows months of speculation that OpenAI was preparing to enter public markets. ChatGPT developer OpenAI confirmed Monday that it has confidentially filed an S-1 registration statement for a potential initial public offering, a move that formally begins the process of becoming a publicly traded company.”We recently submitted a confidential S-1,” the company wrote in a post on X. “We expect it to leak, so we’re just announcing it.”An…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has reclaimed the $63,000 level after losing the $60,000 mark last Friday in a breakdown that forced the most significant reassessment of market structure since the February lows. The recovery is tentative but meaningful — and XWIN Research Japan has published an analysis that addresses the question now circulating across every corner of the market with a directness the data supports. Have institutions abandoned Bitcoin? At first glance, the evidence points toward yes. Bitcoin has fallen sharply from its cycle highs. ETF outflows have persisted across…

In brief OpenAI may be overhauling ChatGPT into a “superapp” bundling Codex, AI agents, and third-party integrations. The overhaul, internally codenamed “Aria,” is aimed at pushing users toward higher-margin products before a Q4 2026 IPO. Codex has grown sixfold to more than 5 million weekly active users since a desktop app launched in February, and the majority of those users pay for the service. OpenAI has nearly 1 billion ChatGPT users. Most of them use it for free. That’s the problem the company is trying to solve before it goes public.The plan, reported by the Financial Times based on interviews…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the new Bitcoin whales realized a massive amount of loss during the past week as BTC has gone through its drawdown. New Bitcoin Whales Have Harvested Massive Losses Recently As pointed out by CryptoQuant analyst Maartunn in a new post on X, New Whales on the Bitcoin blockchain have been participating in loss-taking recently. “Whales” are broadly defined as investors holding more than 1,000 BTC in their wallets, excluding entities such as miners and exchanges. Whales can be divided into two cohorts on the…

Sam Bankman-Fried (SBF), the disgraced founder of the bankrupt FTX exchange, is serving a quarter-century in federal prison for orchestrating one of the largest financial frauds in US history.Yet, crypto speculators are wagering that a newly filed presidential pardon application could somehow reverse his fortunes.This week, the disgraced FTX founder officially requested executive clemency via the Department of Justice’s Office of the Pardon Attorney portal.SBF Seeks Trump Pardon (Source: US DOJ)The move marks a formal escalation of a months-long shadow campaign by his family and legal surrogates to secure his freedom, defying conventional legal wisdom and the standard five-year post-sentencing…

In brief Apple introduced Siri AI with conversational capabilities, visual understanding, and access to personal context. Apple Intelligence is also coming to Safari, Messages, Mail, Calendar, Photos, Home, and Shortcuts. Siri AI will launch in beta later this year, while many of the new Apple Intelligence features will arrive with Apple’s upcoming software releases. During a presentation at its annual Worldwide Developers Conference (WWDC) on Monday, Apple unveiled Siri AI, a rebuilt version of its voice assistant that can hold conversations, understand personal context, analyze images, and complete more complex tasks across the company’s devices.The announcement marks Apple’s biggest update…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A viral claim is spreading across the crypto space, suggesting that Ethereum’s co-founder, Vitalik Buterin, had dumped a massive amount of ETH in a short period. The report has sparked fears of a major price decline, raising investor concerns. It also drew sharp reactions from ETH community members, as debate ignited over whether the sell-off move indicated deeper market weakness or misinformation. Ethereum Co-founder Dump Claims Shake The Market Crypto investors and traders were rattled this week after reports claimed Buterin had sold a large portion of…

In brief Xiaomi and inference partner TileRT have broken 1,000 tokens per second on a 1-trillion-parameter model, a first at that scale, using a standard 8-GPU commodity node—not custom chips. The speed comes from FP4 quantization on the model’s expert layers and DFlash speculative decoding, which proposes a full block of tokens in one pass instead of one at a time. A limited API trial opens June 9 through June 23, priced at 3× standard MiMo rates for roughly 10× the generation speed. Most people know Xiaomi as the Chinese phone brand. The one that makes cheap electric scooters and…

Bitcoin traded around $63,000 on Monday, clawing back from a two-month low hit on June 5 as a confluence of headwinds — spot ETF outflows, macro uncertainty, and capital rotation into artificial intelligence stocks — pushed the world’s largest cryptocurrency roughly 50% below its all-time high of $126,279 reached in October 2025. The decline has triggered familiar scenes of capitulation. Retail investors have largely stepped back, and mainstream headlines have leaned into the fear. But a growing chorus of institutional voices is pushing back hard. In a report published Monday, analysts at Wall Street brokerage Bernstein said Bitcoin’s long-term “store…

In brief Sam Bankman-Fried field an application for pardon with the Office of the Pardon Attorney. He told Fox Business last week that he “absolutely” would take a pardon, though the process can take months or years. The FTX co-founder and former CEO is currently serving a 25-year sentence for his crimes. FTX founder and former CEO Sam Bankman-Fried (aka SBF) has formally applied for a presidential pardon according to an update on the Office of the Pardon Attorney website.Bankman-Fried, who was convicted on fraud and conspiracy charges in 2024 and sentenced to 25 years in prison, is seeking a…