OpenAI files IPO application; Janus Henderson to launch ETF with Ethena

Author: Shenchao TechFlow

OpenAI has secretly submitted an IPO application to the U.S. SEC.

According to official announcements, OpenAI has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). The company has not yet determined a specific timeline for its IPO and may still require additional time.

Janus Henderson has invested in ENA and entered into a strategic partnership with Ethena to launch compliant investment products such as ETFs.

According to The Block, Janus Henderson, a leading asset manager with $480 billion in assets under management, through its blockchain division ANTIK, has established a position in the ENA token and signed a strategic partnership agreement with Ethena to stake USDe for cash management. The two parties have also committed to jointly develop compliant investment products based on USDe and ENA, including ETFs and ETPs, scheduled for launch in the second half of 2026. As part of the collaboration, Ethena will include Janus Henderson’s JAAA strategy—investing in AAA-rated CLOs—in the USDe reserve portfolio.

Circle launches cirBTC, adding 1:1 Bitcoin-backed wrapped asset on Ethereum.

According to official announcements, Circle has launched cirBTC on Ethereum. cirBTC is a 1:1 tokenized Bitcoin backed by native BTC, designed for on-chain financial use cases such as lending protocols, over-the-counter trading, market making, asset management, and settlement, enabling institutions to use BTC as collateral without selling it.

Circle states that the associated BTC is held in custody by regulated entities and is segregated from company assets; cirBTC reserves will be supported by on-chain verifiability through Chainlink Proof of Reserve. This product is initially launching on Ethereum, with future plans to integrate with Arc and a broader multi-chain roadmap.

The native token of TON, Toncoin, will be officially renamed to Gram on June 15, with the ticker changing from TON to GRAM.

According to the official TON announcement, the TON Vote community poll concluded on June 8, with 81.22% of voters supporting the renaming of the native TON token to Gram, changing its ticker from TON to GRAM, along with an updated logo. The renaming will take effect officially on June 15, 2026, at 12:00 UTC. The blockchain network name, "The Open Network," remains unchanged. User balances, addresses, smart contracts, NFTs, and DeFi positions are unaffected and require no migration or action. Exchanges and ecosystem projects are expected to display the asset as "Gram (prev. Toncoin)" during the transition period, with full updates to be completed by June 22. The official notice warns that any claims requiring users to "migrate" or "exchange" TON for GRAM are fraudulent.

Cryptofinance infrastructure company Morpho raises $175 million in funding, led by a16z Crypto and Paradigm.

According to Fortune, the DeFi lending protocol Morpho has raised $175 million at a $2 billion valuation, led by a16z crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, IOSG Ventures, Variant, and others.

Morpho enables institutions to customize on-chain lending markets and risk parameters, and has already attracted users such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. The protocol currently has a total value locked of approximately $6.6 billion and is rapidly competing with traditional DeFi lending protocols like Aave, while planning to expand further into high-yield DeFi asset allocations sought by traditional financial institutions.

Humanity Protocol was attacked, suffering losses exceeding $31 million.

According to Specter (@SpecterAnalyst), Humanity Protocol has been hacked, resulting in losses exceeding $31 million. Fund transfers are still ongoing, with the attacker converting H tokens into ETH.

The Humanity Foundation's private keys have been compromised; the official team advises users to temporarily avoid interacting with cross-chain bridges and liquidity pools.

Terence Kwok, founder of Humanity Protocol, stated that a private key belonging to a foundation member has been compromised, triggering a security incident. As a precaution, users are advised not to interact with any cross-chain bridges or liquidity pools until security is confirmed. He added that the team is working with security experts and exchange partners to address the issue and pledged to provide ongoing updates.

U.S. FDIC: Stablecoin holders are not covered by deposit insurance.

According to PYMNTS, the comment period for part of the implementing rules for the GENIUS Act ended on June 9. The proposal explicitly states that stablecoin holders are not covered by deposit insurance, as regulators are clearly distinguishing between stablecoins and insured deposits.

As related regulations move from proposals to formal rules, industry feedback indicates ongoing disagreements within the payments sector on stablecoin rules, with key focus areas including yield arrangements, incentive structures, and deposit migration risks. Meanwhile, standard-setting organizations are advancing the development of a common reporting framework to support interoperability within the stablecoin ecosystem.

National Internet Emergency Response Center Notice: Some AI agent skill packages pose escape and mining risks.

According to an announcement from the National Internet Emergency Response Center (CNCERT), recent investigations have identified certain AI agent skill packages being publicly distributed under misleading names such as "large model jailbreak" and "mining for profit." The "godmode" skill package manipulates system prompts and input obfuscation to induce large models to bypass security restrictions, potentially leading to permanent account bans, privacy leaks, and legal liability. The "Bonero-Miner" skill package tricks agents into downloading mining software; the mined cryptocurrencies possess anonymity features, exposing users to the risk of being involuntarily involved in money laundering and other illegal activities, while prolonged high-load mining degrades device performance. CNCERT advises users to obtain skill packages exclusively from official sources, adhere to the principle of least privilege, and recommends enterprise users establish a whitelist for skill package approval and implement tiered management of AI agents. This report is supported by technical contributions from Tencent, VolcEngine, Baidu, NSFOCUS, and QiAnXin.

Apollo and Blackstone complete a $35 billion funding round for Anthropic to expand AI infrastructure.

According to Bloomberg, Apollo Global Management and Blackstone have completed a $35 billion financing arrangement for Anthropic to support its expansion of AI infrastructure.

Previously reported, the funds will be used to provide Anthropic with leasing support for Google-customized chips. This move represents another major financing deal in the current AI race.

Conversation with a Macro Analyst: AI Is Draining All Liquidity from U.S. Stocks; $40,000 Is Bitcoin’s Bottom

https://www.techflowpost.com/article/31974

Over the past 10 years, U.S. long-term Treasury futures have depreciated by 90% against gold, even as GDP continues to grow—meaning 90% isn’t enough. This is a wake-up call to all investors from Luke Groman, founder of FFT LC and a macro strategist with 30 years of experience on Wall Street.

In this conversation, he presented a cold yet coherent analytical framework: although the S&P 500 appears to be hitting new highs, it is being propped up solely by seven AI stocks, while Bitcoin—the "final liquidity smoke alarm"—is sounding a warning.

If you want to understand why Groman sold off most of his Bitcoin near the top and hasn’t bought back in, why he believes dollar-denominated stocks will continue rising while those priced in gold and Bitcoin will keep falling, and why technical indicators suggest Bitcoin may retest the $40,000 range, this podcast episode is worth listening to.

Broadcom vs AMD: Which is the most promising AI chip stock to bet on after NVIDIA?

https://www.techflowpost.com/article/31973

This article compares the different strategies of two AI chip leaders: AMD is directly competing with NVIDIA in the general-purpose GPU market, while Broadcom is entering the market by customizing AI chips for clients such as OpenAI, Meta, and Google. The author argues that although Broadcom’s stock declined after its earnings report, its custom chip business offers stronger customer retention and greater growth potential, with its advantages likely to expand further in the AI inference era. Compared to AMD, Broadcom currently demonstrates stronger long-term competitiveness and warrants greater attention.

Taiwan’s Nodes in the AI Industry Chain: 9 Taiwanese Stocks Favorited by “New Stock God” Serenity

https://www.techflowpost.com/article/31971

This article outlines the latest investment strategy of renowned X platform investor Serenity on Taiwan’s AI industry chain, with a focus on three key areas: CPO (co-packaged optics), ASIC (application-specific integrated circuits), and compound semiconductors, while identifying nine Taiwanese stocks expected to benefit. Serenity believes that demand for AI computing power remains in the early stages of a supercycle, and there is no significant bubble in Taiwan’s AI supply chain. The greatest future risk is not geopolitical tension, but whether hyperscale cloud providers such as Microsoft, Google, Amazon, and Meta slow down their capital expenditures. In his view, as long as global investment in AI infrastructure continues to expand, Taiwan, as a core node in the AI hardware supply chain, will continue to benefit.

The Decentralized Identity Project Destroyed by a Single Private Key: A Review of the Humanity Protocol $31 Million Security Incident

https://www.techflowpost.com/article/31968

This article reviews the major security incident involving the decentralized identity project Humanity Protocol: due to the leakage of private keys belonging to foundation members, attackers gained control of multiple associated wallets and illicitly minted 100 million H tokens on the BNB Chain, resulting in losses exceeding $31 million and causing the H token price to plummet over 90%. However, the incident did not subside after the official explanation of “private key leakage”; on-chain investigators such as ZachXBT and community members raised questions about the timing of the attack, the flow of funds, and the team’s historical background, casting suspicion that the event may have been orchestrated. The article further examines the controversial entrepreneurial history of founder Terence Kwok and the background of the project’s new initiative, Everything, highlighting that until a comprehensive official investigation report is released, it remains unclear whether this incident was merely a result of poor key management or if deeper issues are involved—awaiting on-chain evidence to provide answers.

Elon Musk’s internal conflict: Putting Anthropic’s money into his own IPO prospectus

https://www.techflowpost.com/article/31964

This article focuses on Musk’s pivotal capital move ahead of SpaceX’s IPO: by including massive compute leasing contracts with competitors Anthropic and Google in the prospectus, he successfully reshaped the market’s valuation logic for xAI. Once a company plagued by massive losses and heavy spending on data center construction, xAI transformed within weeks into an AI infrastructure provider with $26 billion in annualized contract revenue. The article dissects the business logic, contract details, and potential risks behind two deals totaling over $70 billion, highlighting that the sustainability of this revenue depends on customer demand, the 90-day exit clause, and shifts in the AI compute cycle. As SpaceX officially goes public on June 12, the market will for the first time price this new “AI + Aerospace” narrative crafted by Musk.