OpenAI&#8217;s strategy could democratize AI hardware, reducing Nvidia&#8217;s dominance 
and fostering competition, but execution challenges remain.
The post OpenAI builds software layer to run AI across chips from Nvidia, AMD, 
Broadcom, and more appeared first on Crypto Briefing.

OpenAI&#8217;s strategy could democratize AI hardware, reducing Nvidia&#8217;s dominance and fostering competition, but execution challenges remain. The post OpenAI builds software layer to run AI across chips from Nvidia, AMD, Broadcom, and more appeared first on Crypto Briefing.

OpenAI builds software layer to run AI across chips from Nvidia, AMD, Broadcom, and more

Bitcoin price started a fresh decline below the $72,500 zone. BTC is 
consolidating and might continue to move down if it dips below $70,500. 
Bitcoin failed to stay above $73,500 and extended losses. The price is trading 
below $72,500 and the 100 hourly simple moving average. There was a break 
below a bullish trend line with support at $73,250 on the hourly chart of the 
BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays 
below the $72,500 and $73,500 levels. Bitcoin Price Takes A Hit Bitcoin price 
failed to stay above the $74,000 support zone. BTC remained in a bearish zone 
and extended losses below the $73,500 level. There was a move below the 
$73,000 level. There was a break below a bullish trend line with support at 
$73,250 on the hourly chart of the BTC/USD pair. The price even dipped below 
$72,000. A low was formed at $70,581 and the price is now consolidating losses 
with a bearish angle below the 23.6% Fib retracement level of the downward 
move from the $74,161 swing high to the $70,581 low. Bitcoin is now trading 
below $72,500 and the 100 hourly simple moving average. If the price remains 
stable above $70,000, it could attempt a fresh increase. Immediate resistance 
is near the $71,950 level. The first key resistance is near the $72,350 level 
and the 50% Fib retracement level of the downward move from the $74,161 swing 
high to the $70,581 low. A close above the $72,350 resistance might send the 
price further higher. In the stated case, the price could rise and test the 
$73,500 resistance. Any more gains might send the price toward the $74,000 
level. The next barrier for the bulls could be $75,000. Downside Acceleration 
In BTC? If Bitcoin fails to rise above the $72,500 resistance zone, it could 
start another decline. Immediate support is near the $71,200 level. The first 
major support is near the $70,500 level. The next support is now near the 
$70,000 zone. Any more losses might send the price toward the $68,800 support 
in the near term. The main support now sits at $68,500, below which BTC might 
struggle to recover in the near term. Technical indicators: Hourly MACD – The 
MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – 
$70,500, followed by $70,000. Major Resistance Levels – $71,950 and $72,350.

Bitcoin price started a fresh decline below the $72,500 zone. BTC is consolidating and might continue to move down if it dips below $70,500. Bitcoin failed to stay above $73,500 and extended losses. The price is trading below $72,500 and the 100 hourly simple moving average. There was a break below a bullish trend line &#8230;

Bitcoin Price Cracks Lower, Opening The Door To More Pain

HYPE has been setting new all-time highs above $70 as the market faces selling pressure and uncertainty that has weighed on most assets across the crypto ecosystem. The divergence between HYPE&#8217;s performance and the broader market weakness has been one of the defining stories of recent weeks — and data from Lookonchain has surfaced a specific trade that captures the magnitude of what has been building in this asset over the past six months. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 Six months ago, a trader identified as wallet 0x082e opened a 5x leveraged long position on 1.38 million HYPE tokens with a notional value of approximately $99.77 million. The position has remained open through every market fluctuation, every broader crypto selloff, and every moment of uncertainty that has tested conviction across the ecosystem since it was initiated. HYPE Whale activity | Source: Hypurrscan Today, that position is sitting on over $46 million in unrealized profit. The trade is significant beyond its financial scale. A 5x leveraged long held for six months through a period that included significant market volatility, multiple macro headwinds, and sustained selling pressure across the broader altcoin sector describes a level of conviction that goes well beyond routine speculation. The trader did not reduce the position when the market turned difficult. They held — and the HYPE all-time high above $70 is the price expression of what that patience has produced. Down $25 Million and Still Holding The path to $46 million in unrealized profit was not linear — and the Hypurrscan data reveals the full arc of a position that required the kind of conviction most participants cannot sustain when the market tests it at scale. At its worst point, the 0x082e position was down over $25 million in unrealized losses. A 5x leveraged long sitting $25 million underwater is not a theoretical exercise in portfolio management. It is the kind of drawdown that forces the majority of traders — regardless of their original thesis — to reduce exposure, cut losses, or abandon the position entirely before the liquidation engine makes the decision for them. The wallet held. Related Reading: Uniswap Price Slides As Binance Absorbs Millions Of Tokens – Traders Are Watching Through the drawdown, through the uncertainty, through whatever broader market conditions were generating $25 million in paper losses on a single leveraged position, 0x082e maintained the full exposure. The thesis did not change because the price did. The position did not shrink because the losses were uncomfortable. What followed is now documented in the all-time high prints above $70. HYPE&#8217;s continued advance did not simply recover the $25 million drawdown — it converted it into a $46 million gain on the other side. The distance between those two numbers is $71 million in position value swing generated by a single decision: to hold when every rational short-term signal was pointing toward the exit. HYPE Momentum Remains Strong As New Highs Continue HYPE continues to be one of the strongest assets in the crypto market, extending its rally to fresh all-time highs above $72 while most major cryptocurrencies remain under pressure. The chart shows a remarkably clean bullish structure that has been developing since the January bottom near $21, with price appreciating more than 240% in less than five months. HYPE continues pushing above ATH | Source: HYPEUSDT chart on TradingView The recent breakout above the previous resistance zone around $60–$65 is particularly important from a technical perspective. After several weeks of consolidation beneath that area, buyers absorbed available supply and triggered an impulsive expansion higher. Volume increased significantly during the breakout, confirming genuine participation rather than a low-liquidity move. Related Reading: XRP Sends A Rare Signal As Whale-Retail Dynamics Are Shifting – Traders Are Watching Trend structure remains exceptionally constructive. HYPE is trading well above its 50-day, 100-day, and 200-day moving averages, with all three averages aligned in a bullish configuration. The widening distance between price and the longer-term moving averages reflects the strength of the current trend but also highlights how extended the asset has become in the short term. The $70 level now becomes the first major support zone to monitor. Holding above this area would confirm the breakout and potentially create a platform for further upside exploration. On the downside, a deeper correction could target the former breakout region between $60 and $65, which should now act as support. Featured image from ChatGPT, chart from TradingView.com

HYPE has been setting new all-time highs above $70 as the market faces selling pressure and uncertainty that has weighed on most assets across the crypto ecosystem. The divergence between HYPE&#8217;s performance and the broader market weakness has been one of the defining stories of recent weeks — and data from Lookonchain has surfaced a &#8230;

HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green

Cheap oil may not return soon, leaving investors, businesses, and consumers 
exposed to higher costs for longer. A new supply-security premium could keep 
inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s 
New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not 
return soon, and Devere Group CEO Nigel […]

Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not return soon, and Devere Group CEO Nigel &#8230;

Cheap Oil May Not Be Coming Back Soon as Markets Price Supply Risks

Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above 
roughly $2.30 earlier in the day before cooling slightly. The jump came after 
Telegram founder and CEO Pavel Durov announced that The Open Network’s native 
token will be renamed from Toncoin to “Gram” over the next three weeks. TON 
Shift To ‘Gram’ Durov said the rebranding is more than marketing. “TON&#8217;s 
native currency is becoming Gram,” he wrote, adding that “Gram was the 
original name of TON&#8217;s currency in the first white paper.” In his message, he 
described the move as a return to the network’s roots and the start of what he 
called “a new chapter.” He also framed the rename as “step 4 of 7 to Make TON 
Great Again,” referring to a broader roadmap he has disclosed in his personal 
Telegram channel since May. Durov stated that the blockchain will remain 
called TON, and that the three-week transition will not require holders, 
validators, or DeFi integrations to take action. Existing TON balances, he 
said, will continue to function normally and will trade under the GRAM ticker 
once exchanges and wallets update their systems. Related Reading: BNB Extended 
Price Target Says $780 Is Coming, But What About $1,000? As reported by The 
Defiant, the Gram label carries the heaviest legal baggage in TON’s timeline. 
Telegram previously raised about $1.7 billion in two presale rounds in 2018 
for “Gram” tokens that were never ultimately issued. Later, in October 2019, 
the US Securities and Exchange Commission (SEC) obtained an emergency action 
halting the offering, describing it as an unregistered securities sale. The 
legal fallout continued into a later resolution. A settlement reached in June 
2020 required Telegram to return $1.2 billion to investors and pay an $18.5 
million penalty. Three More Steps Coming Durov’s announcement also points to 
“step 4” as part of a sequence of upgrades he pushed through after taking over 
validator responsibilities in May. Under those earlier steps, the network 
rolled out Catchain 2.0, aimed at enabling sub-second block finality. Durov 
also highlighted Telegram’s role in validation, saying that Telegram itself 
became the network’s largest validator with millions of tokens staked via the 
messenger’s own infrastructure. Related Reading: Pundit Shares Why Most People 
Will Miss The XRP Run Still, there is more to come. Durov said three 
additional steps remain in his seven-step roadmap, though he has not publicly 
outlined what those steps will involve. Since Durov’s announcement earlier in 
the day, TON trades at $2.11 at the time of writing. Even with the pullback, 
the token is still showing major gains—up about 56% over the monthly 
period—though it remains roughly 75% below its all-time high of $8.25. 
Featured image created with OpenArt; chart from TradingView.com

Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above roughly $2.30 earlier in the day before cooling slightly. The jump came after Telegram founder and CEO Pavel Durov announced that The Open Network’s native token will be renamed from Toncoin to “Gram” over the next three weeks. TON Shift To ‘Gram’ Durov &#8230;

Bullish Shift For TON: Price Breaks Above $2 Following Telegram CEO’s Gram News

Burning the remaining escrow is an option Ripple has not ruled out, though its 
own chief architect has questioned whether doing so would actually move the 
price. David Schwartz pointed to a 2019 decision by the Stellar Development 
Foundation, which destroyed 55 billion XLM — half of its total supply — 
without triggering any noticeable price movement. Related Reading: Could XRP 
Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So A Complicated 
Question On Burning Schwartz said Ripple could unilaterally ensure the locked 
tokens never enter circulation, and he added the company could replicate the 
effect of selling escrow by transferring control of the account that the 
escrow completes into. CEO Brad Garlinghouse, for his part, said he does not 
rule anything out when asked about permanently destroying the reserves. The 
comments come as Ripple completed its latest scheduled monthly escrow release, 
unlocking 1 billion XRP across three separate transactions worth more than 
$1.33 billion, according to on-chain tracker Whale Alert. 🔓 🔓 🔓 🔓 🔓 🔓 
100,000,000 $XRP (133,215,296 USD) unlocked at #Ripplehttps://t.co/Sh73Tf22at 
— Whale Alert (@whale_alert) June 1, 2026 The largest of the three moved 500 
million XRP, valued at roughly $666 million. A second transaction transferred 
400 million XRP at around $533 million, while a final transfer released 100 
million XRP worth approximately $133 million. How Much Is Left Of the 100 
billion XRP that will ever exist, about 61.85 billion are currently in 
circulation, based on Binance market data from early June 2026. That leaves 
Ripple holding roughly 38.15 billion XRP still locked in escrow. The monthly 
billion-XRP unlock does not mean a billion tokens flood the open market each 
time. Ripple re-escrows a large portion of what it unlocks, keeping only a 
fraction for its own use. Each returned batch effectively adds another month 
to the back end of the escrow schedule. Related Reading: Bitcoin Faces 
Prolonged Downtrend Through 2027, Analyst Warns When Escrow Ends Schwartz has 
also said the company voluntarily returns whatever XRP it expects it will not 
need, want, or use back into the system. That practice makes it hard to pin 
down exactly when the escrow will be emptied. The XRP Ledger caps total supply 
at exactly 100 billion tokens, a fixed ceiling that cannot be changed. 
Featured image from Unsplash, chart from TradingView

Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price. David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable &#8230;

OpenAI builds software layer to run AI across chips from Nvidia, AMD, Broadcom, and more

Comments