According to sources familiar with the matter who spoke to The Wall Street Journal, OpenAI has held informal talks with several Wall Street banks and hired key financial experts, including Chief Accountant Ajmere Dale, in preparation for an IPO in the fourth quarter of 2026. The company is concerned that Anthropic, founded by former OpenAI employees and making continuous progress with its Claude model, may preemptively go public after raising over $10 billion. Both companies face challenges such as building AI infrastructure and litigation. CEO Sam Altman admitted to having mixed feelings: he felt no excitement about becoming the CEO of a publicly traded company, but an IPO would have some benefits for OpenAI itself.

According to data from prediction market Polymarket, the probability of former Federal Reserve Governor Kevin Warsh being nominated by Trump as the new chairman of the Federal Reserve has surged to 79%.

the total open interest amounted to $104257459746.0543, with BTC at $49.66 billion, ETH at $30.16 billion, XRP at $5.38 billion, LTC at $2.03 billion, ETC at $1.36 billion, DASH at $1.17 billion, IOTA at $1.12 billion, XMR at $539.84 million, QTUM at $472.38 million, . The data is sourced from the quarterly and perpetual contracts on Bitget,dYdX,Deribit,CME,Hyperliquid,Binance,Coinbase,OKX,Bybit,Gate,HTX,Kraken,Crypto.com,Bitfinex,BitMEX. This report is for informational purposes only and does not constitute investment advice.

Odaily Planet Daily reports that the U.S. Senate Agriculture Committee formally advanced the legislative process of the Cryptocurrency Market Structure Act with a 12-11 partisan vote. This marks the first progress the bill has made at the Senate committee level, signifying a new stage in its development. However, due to the entirely partisan voting and the lack of Democratic support, the bill still faces significant obstacles to unanimous Senate passage. Committee Chairman John Boozman, a Republican, stated that significant progress has been made after months of negotiations, and it is time to move forward. However, Democratic chief negotiator Corey Booker criticized the Republicans for withdrawing from negotiations and accused President Trump and his family of profiting from the crypto industry while attempting to push for a regulatory framework lacking ethical constraints. Democrats on the committee unanimously opposed the current version but expressed their willingness to continue negotiations to reach a bipartisan consensus. The bill still needs to pass the Senate Banking Committee, whose version has been slow to progress due to more controversial provisions involving stablecoin yields. The White House plans to convene again next week to coordinate the positions of the crypto industry, the banking industry, both parties, and the government. If the bill ultimately passes the Senate, it will be integrated with the version that has already passed the House by a large margin before being submitted to the President for signature into law. Analysis indicates that the legislative window is narrowing as the midterm elections approach. (Coindesk)

According to Odaily, the Central Bank of El Salvador has purchased $50 million worth of gold, while the government continues to increase its Bitcoin holdings. The government's total gold holdings now stand at 67,403 ounces, worth approximately $360 million at current prices; its Bitcoin holdings have reached 7,547, worth $635 million. (Coindesk)