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6 Jun 2026, 16:40

Trump administration explores equity stake in OpenAI as public wealth fund proposal gains traction

BitcoinWorld Trump administration explores equity stake in OpenAI as public wealth fund proposal gains traction The Trump administration is actively exploring the possibility of taking an equity stake in OpenAI, a move that could reshape the relationship between the U.S. government and leading artificial intelligence companies. President Donald Trump confirmed on Friday that he has discussed concepts with AI executives that would allow the American public to benefit financially from the success of AI technologies. Government equity discussions take shape According to a CNBC report, the administration has been in talks with OpenAI regarding an equity arrangement. Some of that equity could be used to seed a proposed “Public Wealth Fund” that OpenAI outlined earlier this year. Under the company’s proposal, proceeds from the fund would be distributed directly to citizens, enabling broader participation in AI-driven economic growth regardless of an individual’s starting wealth or access to capital. Speaking to reporters aboard Air Force One, Trump said he has been talking to AI executives about “concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies.” Bloomberg reported that OpenAI CEO Sam Altman has been discussing the idea of government stakes in major AI companies since early 2025. Political alignment across the spectrum The concept of public ownership in AI companies has found support from unexpected corners. Senator Bernie Sanders, an independent who caucuses with Democrats, this week proposed a one-time 50% tax on companies like OpenAI, Anthropic, and xAI — payable in stock. With these companies potentially going public this year, Sanders argued the tax would “give the public a direct role in determining the future of this technology” and ensure that trillions of dollars generated by AI are used to improve lives broadly. David Sacks, who recently stepped down as Trump’s AI and crypto czar, acknowledged on social media that he understands why Sanders’ idea resonates, “including with many on the right.” However, Sacks warned it could accelerate “the corporate-government fusion we’re already sliding toward.” Precedent and market implications The Trump administration has shown willingness to take government ownership stakes in private companies. Last year, the government acquired a 10% stake in struggling chipmaker Intel. This precedent suggests the OpenAI discussions are part of a broader strategy rather than an isolated proposal. Critics, including former Microsoft employee Dare Obasanjo, have suggested on social media that “the groundwork is already being laid for a government bailout of OpenAI.” The debate highlights the tension between ensuring public benefit from AI advances and maintaining market-driven innovation. Why this matters The outcome of these discussions could fundamentally alter how the U.S. government approaches AI regulation and investment. If implemented, a government equity stake in OpenAI would mark a significant departure from traditional technology policy, blending public ownership with private sector innovation. For investors, the proposal introduces new variables into the valuation of AI companies ahead of potential public offerings. For citizens, it raises questions about how the economic benefits of AI will be distributed. Conclusion The Trump administration’s exploration of an equity stake in OpenAI represents a notable shift in government-technology relations. With support emerging from both sides of the political spectrum, the proposal has moved from theoretical discussion to active consideration. As AI companies approach public markets, the debate over public ownership and wealth distribution from AI technologies is likely to intensify. FAQs Q1: What is the proposed Public Wealth Fund for AI? OpenAI has proposed a fund seeded with government equity stakes in AI companies. Proceeds would be distributed directly to U.S. citizens, allowing broader participation in AI-driven economic growth. Q2: How would a government stake in OpenAI work? The Trump administration is discussing taking an equity position in OpenAI, potentially using some of that stake to fund the Public Wealth Fund. The exact structure and percentage have not been disclosed. Q3: Has the U.S. government taken equity stakes in companies before? Yes. Last year, the government took a 10% stake in Intel as part of efforts to support domestic chip manufacturing, setting a precedent for government ownership in private technology companies. This post Trump administration explores equity stake in OpenAI as public wealth fund proposal gains traction first appeared on BitcoinWorld .

6 Jun 2026, 15:59

Bitcoin Has Dumped All of Its Gains Since Trump Was Reelected—And Then Some

Bitcoin surged in the wake of President Trump's reelection, pushing to new highs deep into 2025. Now it's down more than 50% from that peak.

6 Jun 2026, 15:10

Securitize Moves Toward NYSE Listing After SEC Clears Merger Filing

The SEC has declared effective the registration statement tied to Securitize’s planned merger with Cantor Equity Partners II. If shareholders approve the deal, the tokenization firm is expected to list on the NYSE under the ticker SECZ. Securitize Expands Wall Street Tokenization Push as SEC Clears SPAC Deal Securitize is a step closer to becoming

6 Jun 2026, 15:00

Bitcoin Reserves Resuscitation, Iran War Falls Into The Background, But What’s Going On With BTC?

Bitcoin has fallen to new lows in this bear cycle , dropping below the psychological $60,000 level. This comes amid the U.S.-Iran war, which has remained muted for a while. At the same time, U.S. Treasury Scott Bessent provided an update on the Strategic BTC Reserve. Price Falls Amid Developments With Bitcoin Reserves BTC has fallen to its lowest level since it topped in October 2025, dropping to around $59,000 yesterday, taking out the February low of $60,000. This also marks the lowest point since the U.S.-Iran war began towards the end of February. This crash for BTC has come amid the Strategy’s sale from its BTC Reserve, with the company selling 32 BTC. This marked the first time Strategy had sold BTC from its Bitcoin Reserve since 2022, when it sold for tax-loss harvesting. Notably, Bitcoin was trading at above $71,000 prior to Strategy’s filing, which revealed the sale. Since then, the leading crypto has been on a decline, down over 17% this week. However, Michael Saylor has indicated that the BTC decline isn’t due to the sale from their BTC reserve but rather the flow of liquidity from crypto towards building AI infrastructure. He also noted that Bitcoin ETFs have seen $4 billion in outflows since mid-May, thereby putting pressure on the BTC price. It is worth noting that the U.S.-Iran war has receded into the background during this period, with BTC largely unaffected by recent developments. Earlier this week, U.S. President Donald Trump revealed that talks between the U.S. and Iran were still ongoing, despite reports that negotiations had paused. However, BTC remained largely unchanged and continued its decline, falling below $70,000. Scott Bessent Gives Update On U.S. BTC Reserve Speaking during a hearing before the Senate Finance Committee, US Treasury Secretary Scott Bessent said that the plans to create a Strategic Bitcoin Reserve were moving with deliberate speed. However, he noted that BTC is a new technology, and so creating the reserve hasn’t been straightforward. Last year, President Trump signed an executive order establishing a Strategic Bitcoin Reserve. The U.S. Treasury is tasked with setting up this initiative and mapping out budget-neutral ways to accumulate more BTC. The executive order stated that seized BTC should be used to set up this reserve, with the U.S. currently holding 328,372 BTC, according to BitcoinTreasuries data . Meanwhile, U.S. lawmakers are currently working on ways to codify the Strategic Bitcoin Reserve executive order. U.S. Rep. Nick Begich recently unveiled the ‘American Reserve Modernization Act,’ which establishes a BTC Reserve and mandates that the U.S. Treasury explore budget-neutral ways to accumulate more BTC. At the time of writing, the Bitcoin price is trading at around $60,000, down over 5% in the last 24 hours, according to data from CoinMarketCap.

6 Jun 2026, 14:40

DRW, Wintermute, and IMC Build Dedicated Trading Desks for Prediction Markets

BitcoinWorld DRW, Wintermute, and IMC Build Dedicated Trading Desks for Prediction Markets Chicago-based trading giant DRW is establishing a dedicated trading desk specifically targeting prediction market platforms such as Polymarket and Kalshi, signaling a significant shift in how institutional trading firms view these emerging venues. According to a report from CoinDesk, DRW is actively hiring for the new unit, joining a growing list of major firms that are no longer treating prediction markets as experimental side projects. Institutional Players Enter the Prediction Market Arena DRW’s move is not an isolated development. Crypto market maker Wintermute is seeking algorithmic traders with direct experience in prediction markets, while trading firm IMC is actively recruiting quantitative traders familiar with Binary Event Contracts — the financial instruments that underpin many prediction market outcomes. These hiring campaigns indicate that trading firms are increasingly categorizing prediction markets as formal trading venues rather than simple betting products. The distinction is crucial. Traditional betting platforms operate under different regulatory frameworks and are often viewed as entertainment. Prediction markets, by contrast, allow participants to trade on the outcome of real-world events — from election results to interest rate decisions — using mechanisms that closely resemble conventional derivatives trading. This structural similarity is attracting firms that already have the infrastructure to handle event-driven contracts. Why This Matters for the Broader Market The entry of sophisticated trading firms like DRW, Wintermute, and IMC into prediction markets brings several implications. First, it introduces deeper liquidity and tighter spreads, which benefits all participants. Second, it signals growing regulatory confidence — or at least regulatory tolerance — for these platforms. Kalshi, for example, operates under the oversight of the Commodity Futures Trading Commission (CFTC), giving it a regulatory stamp of approval that Polymarket, which operates largely on-chain, does not share. Third, the involvement of institutional traders could accelerate the convergence between traditional finance and decentralized prediction platforms. If major market makers begin routing liquidity between Polymarket and Kalshi, or between prediction markets and traditional futures exchanges, the line between betting and trading may become increasingly blurred. Regulatory and Operational Challenges Remain Despite the enthusiasm, prediction markets remain a regulatory patchwork. Polymarket faced a $1.4 million settlement with the CFTC in 2022 for offering event contracts without registration. Kalshi, while CFTC-regulated, has faced its own legal battles over which event contracts are permissible. Trading firms entering this space must navigate these uncertainties carefully. Additionally, the operational mechanics of prediction markets differ from traditional order books. Polymarket uses an automated market maker (AMM) model similar to decentralized exchanges, while Kalshi operates a more conventional limit-order book. Firms like Wintermute, which specialize in algorithmic market making across centralized and decentralized venues, are well-positioned to bridge these structural differences. Conclusion The establishment of dedicated trading desks for prediction markets by DRW, Wintermute, and IMC represents a maturing of the asset class. What was once dismissed as speculative gambling is now being treated as a legitimate trading venue by some of the most sophisticated firms in the industry. As liquidity deepens and regulatory frameworks solidify, prediction markets may become an increasingly standard component of institutional trading strategies. FAQs Q1: What are prediction markets? Prediction markets are platforms where participants trade contracts based on the outcome of future events, such as election results, economic data releases, or sports outcomes. Prices reflect the market’s collective probability estimate for each outcome. Q2: Why are trading firms like DRW and Wintermute interested in prediction markets? These firms see prediction markets as formal trading venues with event-driven contracts that resemble traditional derivatives. The potential for arbitrage, liquidity provision, and exposure to novel risk factors makes them attractive to institutional traders. Q3: How are prediction markets regulated in the United States? Regulation varies by platform. Kalshi is registered with the CFTC and operates under its oversight. Polymarket, which uses blockchain-based smart contracts, has faced regulatory action from the CFTC and currently restricts U.S. users from trading certain event contracts. This post DRW, Wintermute, and IMC Build Dedicated Trading Desks for Prediction Markets first appeared on BitcoinWorld .

6 Jun 2026, 14:24

Bitcoin wallet tied to $285 billion lawsuit moves 35.55 BTC

🚨 A wallet named in a $285B Bitcoin lawsuit just moved 35.55 BTC. ⚡ After 13 years of inactivity, funds linked to $BTC case transferred this week. 📅 The 3.8 million BTC dispute cites abandoned property law in New York. Continue Reading: Bitcoin wallet tied to $285 billion lawsuit moves 35.55 BTC The post Bitcoin wallet tied to $285 billion lawsuit moves 35.55 BTC appeared first on COINTURK NEWS .