OpenAI has officially surpassed $10 billion in annual recurring revenue, driven by strong demand for its ChatGPT chatbot and related business products. According to CNBC&#8217;s reporting, OpenAI hit this milestone in less than three years since the initial launch of…

OpenAI hits $10b in annual revenue but posts $5b loss

Bitcoin is cruising at $108,610, seeing an increase of over 2% in the past 24 
hours; meanwhile, the whole digital currency market value rests at $3.38 
trillion. This price climb occurs a single week before the Federal Open Market 
Committee (FOMC) gathering, which is slated for June 18. Bitcoin Defies Credit 
Downgrade—Expert Says Confidence Is […]

Bitcoin’s Price Blasts Higher With $81M in Shorts Burned—Fed Cut Bets Hold Firm

Bitcoin’s correlation to stocks and uncertainty about the future of the US 
economy could cap BTC price gains below $110,000.

Bitcoin price shows strength, but will BTC bulls be able to push through $110K?

Singapore-based trading firm QCP Capital opened its Monday note with a blunt 
assessment: “Implied vols continue to come under pressure, with BTC stuck in a 
tight range as summer approaches.” In the options house’s telling, the market 
is drifting into the northern-hemisphere holiday season much as it did a year 
ago, when one-month at-the-money (ATM) volatility collapsed from 80 vols in 
March to barely 40 vols by July and spot repeatedly “failed to decisively 
breach the $70k level.” The difference this year is the new, higher plateau: 
BTC has sat between $100,000 and $110,000 for most of the past three weeks. 
The calm is visible beyond Deribit’s options screens. Deribit’s DVOL index, 
which tracks 30-day implied volatility, is hovering just above 40—one of its 
lowest prints in more than two years. Realised volatility is even quieter, so 
even one-year lows on implieds still look “optically rich,” QCP argues. That 
valuation gap has encouraged traders to sell gamma: perpetual open interest 
has slipped and the favourite hedge-fund basis trade—long spot via the new 
ETFs, short futures—has unwound, taking what QCP calls “the natural bid for 
vol” out of the market. Related Reading: Bitcoin At A Crossroads: $97,000 Cost 
Basis Holds Key To Next Breakout Flows in the listed options market confirm 
the malaise. Dealers report that July upside strikes around $130,000 and 
$140,000 are being rolled out to September “in meaningful size,” effectively 
pushing bullish timelines further down the curve. Meanwhile, Deribit’s put- 
skew has flattened as short-dated hedges expire worthless—a dynamic that often 
precedes a directional move once macro catalysts arrive. This Week Could Break 
Bitcoin’s Lull Those catalysts line up uncomfortably close. On Wednesday the 
Bureau of Labor Statistics will publish May consumer-price data. April’s 
headline CPI rose a modest 0.2% month-on-month and 2.3% year-on-year, while 
core prices advanced 0.2% on the month and 2.8% on the year. Economists look 
for headline CPI to quicken to 0.3% on the month and 2.5% year-on-year, with 
core CPI seen edging up to 0.3% and 2.9% respectively. Producer prices follow 
on Thursday: April’s PPI fell 0.5% on the month yet still printed 2.4% year- 
on-year. The consensus expects May PPI to rebound 0.2%, leaving the annual 
rate near 2.4%. Inflation is not the only macro variable in play. Friday’s 
stronger-than-expected US non-farm payrolls report—139,000 jobs versus a 
130,000 consensus—rekindled dollar strength and knocked gold more than one 
percent lower, but BTC “remained conspicuously unmoved,” QCP noted. The same 
divergence is visible this morning: US equity futures are slightly softer, 
spot gold is bid on safe-haven demand, and bitcoin is trading virtually 
unchanged. Geopolitics may supply the spark that inflation data has so far 
failed to ignite. Senior US and Chinese officials meet in London today 
(Monday) in what both sides are calling a push for a limited trade deal that 
would dial back export-control threats and myriad retaliatory tariffs. The 
talks matter for crypto because tariffs have been feeding directly into the 
CPI basket and—via global risk sentiment—into bitcoin demand. “A clean break 
below $100k or above $110k would likely reawaken broader market interest,” QCP 
wrote, “but we currently see no obvious near-term catalyst to drive such a 
move.” Trade headlines could change that calculus in a single newsflash. 
Related Reading: Crypto Analyst Says This Bitcoin Top Signal Hasn’t Gone Off 
Yet — What To Know Institutional positioning likewise hints at fatigue. US 
regulatory filings show that large hedge funds trimmed spot-ETF holdings in 
the first quarter as the lucrative cash-and-carry spread compressed. Net 
inflows across the 11 US bitcoin ETFs have slowed to a trickle since late May, 
leaving cumulative additions at roughly $44 billion—unchanged for almost a 
fortnight, according to Farside data. For now, the market’s centre of gravity 
is exactly where QCP says it is: inside the $100,000–$110,000 corridor. 
Volatility sellers continue to collect premium, and the risk-reward for 
momentum traders remains poor. Yet with CPI, PPI and high-stakes trade 
negotiations all landing inside a 72-hour window, the premium that option 
writers are harvesting could quickly look meagre. If the inflation data 
surprise to the upside, a repricing of Fed-cut expectations could turn last 
week’s equity rally into a risk-off wobble, yanking bitcoin below six figures 
for the first time since April. Conversely, a benign print combined with even 
a symbolic easing of tariff rhetoric could flip the narrative to “soft 
landing, structural bid via ETFs,” reigniting topside optionality into the 
June quarter-end. In that scenario the rolled-out September $140,000 calls 
might come alive far sooner than their buyers now expect. Either way, the 
clock on bitcoin’s summer doldrums is ticking loudly. “Without a compelling 
narrative to spark the next leg higher, signs of fatigue are emerging,” QCP 
warns. The narrative candidates arrive this week; whether they supply ignition 
or simply more noise will decide whether 2025’s range trade breaks—or cements 
itself as the dominant theme of another crypto summer. At press time, BTC 
traded at $107,919. Featured image created with DALL.E, chart from 
TradingView.com

Bitcoin Calm Won’t Last—This Week Holds Breakout Risk

Bitcoin ETFs suffered a net outflow of $129 million for the week ending June 
6, marking the second consecutive week of red flows. Meanwhile, ether ETFs 
extended their inflow streak to a fourth week, locking in a strong $281.07 
million, the third-highest weekly inflow of 2025. Bitcoin ETFs Log Second 
Straight Week of Outflows While […]

ETF Weekly Flows: $129 Million Outflow for Bitcoin and $281 Million Inflow for Ether

Avalon Labs has permanently burned 80 million AVL tokens, accounting for 44% 
of the circulating supply. According to an X post, the tokens, worth 
approximately $16 million, were unclaimed from the platform’s March 2024 
airdrop campaign, which saw $20 million worth of AVL claimed by over 100,000 
users. This major burn marks the start of […]