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5 Jun 2026, 02:20

Ethereum funding rate flattens to near zero as traders pull back leverage

On June 4, Ether’s 8-hour network-wide average funding rate was only 0.0028%, according to CoinGlass. This low rate suggests traders were not very sure about the market’s direction. Usually, higher leverage shows that traders have more confidence in how an asset will move. This average considers all major exchanges, but the figures differ significantly from one platform to another. For instance, Binance had 0.0047%, OKX 0.003%, and Gate 0.0052%. Bybit surprisingly showed -0.0013%, according to ChainCatcher. These variations matter because they show there are no coordinated directional bets. Instead, it shows more fragmentation when funding rates are negative on one exchange and positive on others. How Ethereum funding rates reflect market sentiment and leverage demand Perpetual futures contracts do not have an expiry date. To prevent their price from drifting far from the spot price, exchanges use funding payments that transfer value between long and short holders at regular intervals (usually every eight hours). If the funding rate is positive, those with long positions pay those with short positions, and when it’s negative, the shorts pay up instead. According to CoinMarketCap’s glossary, this setup “incentivizes people to open a position on the less popular side, hence driving the price toward the spot price.” At a funding rate of 0.0028% per eight-hour window, that’s around 0.0084% daily, or about 3% annualized. This means the cost for holding leveraged long exposure on Ethereum isn’t much. According to CoinGlass, when the funding rate is near zero, it means there’s equal demand for both long and short positions in perpetual markets. Why ETH funding rates matter beyond crypto derivatives markets High funding rates in crypto markets impact everyone, not just professional traders. When they’re very positive, it gets expensive to hold leveraged long positions, dampening speculators’ interest in buying ETH. If rates surge, major sell-offs occur, causing wider price fluctuations and dragging down connected assets as well. At the current level, the risks aren’t huge. Bitget shows that at around 0.0035% rate, there was only a mild bias towards long positions, with no extreme beliefs. The current rate of 0.0028% is even milder and closer to neutral. The exchange-level disparity adds a layer of complexity for institutional participants and arbitrage desks. A negative rate on Bybit alongside positive rates elsewhere creates what CoinGlass describes as “cross-exchange differences” that can generate “carry or arbitrage opportunities.” Capital flowing to exploit those gaps affects the liquidity distribution across global trading venues. What ETH traders should monitor beyond funding rates A single eight-hour snapshot carries limited predictive weight. As CoinEx Academy says, the funding rate is just a “sentiment and positioning proxy,” not a standalone price predictor. Also, they note that positive funding can last for weeks during strong uptrends without sparking a reversal. Trajectory matters more here. When funding goes up, and open interest grows over time, it means new leveraged longs are jumping in. That increases the number of positions at risk if prices fall. When funding falls toward zero alongside declining open interest, existing positions are closing and the market is resetting. According to ChainCatcher, ETH open interest dropped 5.06% in the past 24 hours, hinting at unwinding rather than setting up fresh positions. With funding nearly flat, this looks like a derivatives market waiting to see what happens next. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

5 Jun 2026, 01:54

A critical network overhaul begins in $XRP! What does the upgrade mean for investors?

🚨 $XRP Ledger rolls out its biggest upgrade yet and changes its core software name. 📉 Despite an 11 percent drop and $8 billion lost in value, on chain data shows big withdrawals from exchanges. 📊 The number of wallets holding at least 10,000 XRP hits a record, hinting at new accumulation trends. Continue Reading: A critical network overhaul begins in $XRP! What does the upgrade mean for investors? The post A critical network overhaul begins in $XRP! What does the upgrade mean for investors? appeared first on COINTURK NEWS .

4 Jun 2026, 21:57

SpaceX IPO draws record Wall Street fanfare, but valuation math gives analysts pause

SpaceX is set to launch the largest IPO in U.S. history as early as June 12 at a valuation near $1.75 trillion. With more than 555 million Class A shares set to be listed at $135 each, with the aim of raising roughly $75 billion, there’s not a shortage of opinions on whether investors should jump on the Musk-led train. How can SpaceX be worth $1.75 trillion when it is losing billions? SpaceX will list 555 million of its class A shares on the Nasdaq under the ticker SPCX. It will be the largest initial public offering in U.S. history, with shares expected to begin trading as early as June 12 at a price of $135 each. The company has a target valuation of nearly $1.75 trillion and is aiming to raise roughly $75 billion. Bank of America, Morgan Stanley, and JPMorgan are all hosting exclusive events this week to pitch SpaceX to their wealthiest clients. Bank of America plans to light its Manhattan headquarters spire to resemble a rocket launch. More than 5,000 clients across BofA’s private bank and Merrill Lynch have been invited to launch parties, with events streamed to offices nationwide. Despite the excitement and hype, a look at the company’s finances reveals that Starlink and reusable rockets like the Falcon 9, the combined company, which now includes the social media platform X and the AI firm xAI, are losing a tremendous amount of money. In the first quarter of 2026, SpaceX posted an operating loss of $1.9 billion. The decline is largely driven by xAI, which lost $2.5 billion in that same quarter alone. While Starlink is profitable, bringing in $4.4 billion in operating income, its efforts are being offset by the massive costs of building AI technology. Meanwhile, SpaceX generated $19.3 billion in revenue over the last four quarters. At the IPO price, SpaceX would trade at roughly 103 times its sales over the last four quarters, which is about 40% more expensive than Palantir, currently the priciest stock in the S&P 500. Morningstar analyst Nicolas Owens estimates that the company is actually worth about half that amount, closer to $780 billion. He also thinks that investors will get a better chance to buy the stock later at a lower price. A Motley Fool review of more than 100 popular technology stocks found only eight that ever traded above 100 times sales. All of them dropped sharply afterward, with an average peak-to-trough decline of 75%. The 10 largest U.S. IPOs by initial market value have underperformed the S&P 500 by an average of 127 percentage points since listing. Why is Wall Street not worried about SpaceX? Despite its numbers, SpaceX’s Falcon 9 became the first commercially reusable orbital rocket in 2018. The company’s S-1 filing with the SEC also says its next-generation Starship could reduce the cost of reaching orbit by 99%. SpaceX values its total addressable market at $28.5 trillion, spanning satellite internet, launch services, and long-term ambitions like orbital data centers. ARK Invest, which holds SpaceX in its venture ETF, has argued that Starlink alone could support a $2 trillion valuation at IPO. JPMorgan strategists led by Nikolaos Panigirtzoglou pushed back on fears that mega-IPOs will drain liquidity from existing stocks. What is the true value of SpaceX? Elon Musk’s firms often do business together, an interaction that goes beyond exchanging cash for products and services. Even investors apply the goodwill of one firm to another. Tesla disclosed a $2 billion investment in xAI in January after the SpaceX-xAI merger, and Cryptopolitan previously reported that SpaceX’s prospectus shows the company plans to spend $697 million on Tesla Megapack batteries for xAI data centers and $131 million on Tesla Cybertrucks. SpaceX’s revenue grew 15% year over year. Its merger with xAI valued the firm at $1 trillion and xAI at $250 billion. The company generated $818 million in revenue. Anthropic recently closed a $65 billion funding round at a $965 billion valuation and reported run-rate revenue of $47 billion. The company said it expects to post its first quarterly operating profit of $559 million on $10.9 billion in Q2 revenue. On a price-to-sales basis, Anthropic trades at about 20 times run-rate revenue, a fraction of what xAI commands inside SpaceX’s structure. The smartest crypto minds already read our newsletter. Want in? Join them .

4 Jun 2026, 21:45

Defense Tech, AI, and Fundraising Take Center Stage at StrictlyVC Los Angeles on June 18

BitcoinWorld Defense Tech, AI, and Fundraising Take Center Stage at StrictlyVC Los Angeles on June 18 With just two weeks to go, StrictlyVC Los Angeles is set to take place on Thursday, June 18, at The Aerospace Corporation Campus in El Segundo. The evening will bring together investors, founders, and technology leaders for conversations focused on the most consequential shifts in venture capital, defense technology, artificial intelligence, and advanced industry. What to expect at StrictlyVC Los Angeles The event is designed for executives navigating a rapidly changing technology landscape. StrictlyVC offers direct access to the people building, funding, and shaping the next generation of companies. The conversations are candid, the audience is highly curated, and the insights extend beyond headlines, podcasts, or social media feeds. Who is taking the stage The evening begins with Ethan Thornton, founder of Mach Industries. In his session, “Built for a New Era of Defense Technology,” Thornton will share his perspective on building a hard tech company at speed and how advances in autonomy, manufacturing, and national security are transforming the defense sector. His story reflects a broader movement of founders tackling ambitious challenges in industries undergoing rapid change. Physical AI and venture investing The conversation continues with Delian Asparouhov of Founders Fund and Saif Khawaja of Shinkei Systems. Together, they will discuss the rise of physical AI and how developments in robotics, automation, and artificial intelligence are creating new opportunities to transform the physical world. Their discussion will offer insight into what it takes to build and scale breakthrough technologies beyond software alone. Also joining the lineup is Carter Reum, co-founder and partner at M13. In his session, “Finding the Next Big Thing,” Reum will explore how AI is reshaping industries and how investors are moving beyond short-term hype to identify companies built for long-term durability. He will share his perspective on where innovation is creating the most meaningful opportunities and how venture investing is evolving as new categories emerge. Networking and beyond Beyond the conversations on stage, StrictlyVC Los Angeles is designed to bring together the people driving innovation across technology and venture capital. Throughout the evening, attendees will have opportunities to connect with founders, investors, and operators in an environment that encourages meaningful discussion and the exchange of ideas. Whether you are looking to expand your network, gain new perspectives, or discover emerging opportunities, the value of the event extends well beyond the scheduled sessions. Why this event matters As defense technology and AI continue to attract significant venture capital, events like StrictlyVC provide a rare opportunity for direct engagement with key decision-makers. The curated format ensures that attendees walk away with actionable insights and new connections, making it a valuable investment of time for anyone serious about the future of technology and investing. Conclusion StrictlyVC Los Angeles on June 18 offers a focused look at the intersection of defense tech, AI, and venture capital. With a lineup featuring founders and investors from Mach Industries, Founders Fund, Shinkei Systems, and M13, the event promises candid conversations and high-impact networking. Registration is open, and additional speakers are expected to be announced soon. FAQs Q1: When and where is StrictlyVC Los Angeles taking place? It takes place on Thursday, June 18, at The Aerospace Corporation Campus in El Segundo, California. Q2: Who are the confirmed speakers? Confirmed speakers include Ethan Thornton (Mach Industries), Delian Asparouhov (Founders Fund), Saif Khawaja (Shinkei Systems), and Carter Reum (M13). Q3: How can I attend the event? Interested attendees can secure their spot through the official StrictlyVC registration page. The event is designed for investors, founders, and technology executives. This post Defense Tech, AI, and Fundraising Take Center Stage at StrictlyVC Los Angeles on June 18 first appeared on BitcoinWorld .

4 Jun 2026, 17:24

Apple to use Google's Nvidia processors for planned Siri revamp

Tech giant Apple is furthering plans to power its Siri assistant revamp using Nvidia’s Blackwell B200 processors hosted in Google’s data centers, which points to a U-turn from the company’s regular strategy of having control over its entire tech stack. The announcement is expected to come alongside a preview of iOS 27 and the initial views of a redesigned and overhauled Siri assistant after an almost 2 year delay, at Apple’s Worldwide Developers Conference keynote on June 8. Apple turns to outside infrastructure, raising privacy concerns During Apple Intelligence’s unveiling at WWDC 2024, senior vice president Craig Federighi stressed that cloud-based AI queries would run exclusively on Apple’s own servers through a system called Private Cloud Compute (PCC). This system, built on Apple’s Mac-series silicon, was designed to process prompts without keeping user data or allowing it get into the hands of third parties. Two years later, things appear to be taking a different route. The tech giant attempted to run a modified version of Google’s Gemini model on its Private Cloud Compute infrastructure but found the performance too slow to be practical, according to The Information’s reporting. The company will instead direct cloud-based Siri queries through Google’s collection of Nvidia Blackwell B200 data center chips. To address the obvious privacy concern, the tech firm will enable Nvidia’s hardware-based confidential compute feature on the chips the company plans to use. The confidential compute technology encrypts user data as it is processed on cloud, a safeguard meant to further guarantee privacy beyond only Apple’s hardware. It remains unclear how this new flow would work with the existing Private Cloud Compute branding, however, MacRumors reported that there is a high chance Apple keeps the PCC name regardless of the change. Nvidia comes out on top This new arrangement stresses the scale of Nvidia’s dominance in AI infrastructure. It represents a lot if even Apple, a company with $3 trillion in market capitalization and its own custom chips and processors design team, needs Blackwell chips to run competitive LLMs at scale. The B200 processors, which succeeded Nvidia ‘s Hopper architecture in 2024, were built specifically to accelerate and improve LLM training and inference. A 2025 rumor that Apple was purchasing 250 Nvidia NVL72 servers at roughly $4 million each is now beginning to look very credible in light of this report. Revamped Siri’s features The upgrades and overhaul planned for the Siri assistant represent the biggest change to Siri since its launch in 2011. A lot of features were first promised in 2024, including the ability to understand personal context and analyze on-screen content on iPhones and iPads, and these are finally expected to arrive. Siri is also expected to get a dedicated app designed to compete directly with ChatGPT, Claude, and other popular generative AI assistants. The assistant will also move into the iPhone’s Dynamic Island, and users will gain the ability to swipe down from the center of the screen to start a conversation, Yahoo Tech reported . Apple is targeting a September release for the updated Siri, which aligns with the expected launch of iOS 27. The WWDC 2026 keynote begins at 10:00 a.m. Pacific on Monday, June 8. The Siri overhaul is expected to be a centerpiece of the presentation alongside iOS 27, macOS updates, and even more Apple Intelligence improvements. The smartest crypto minds already read our newsletter. Want in? Join them .

4 Jun 2026, 17:10

WWDC 2026 preview: Siri’s AI overhaul, Apple Intelligence upgrades, and what to expect

BitcoinWorld WWDC 2026 preview: Siri’s AI overhaul, Apple Intelligence upgrades, and what to expect Apple’s Worldwide Developers Conference (WWDC) 2026 kicks off Monday at 10 a.m. PT / 1 p.m. ET, and expectations are running high for one of the company’s most significant software updates in years. The event, streamed live via the Apple Developer app, Apple’s website, and the Apple Developer YouTube channel, is expected to focus heavily on artificial intelligence — particularly a major overhaul of Siri and a suite of new Apple Intelligence features. Siri’s big AI makeover The most anticipated announcement is a comprehensive AI upgrade to Siri, transforming it into a more conversational assistant capable of understanding context, handling multi-step tasks, and interacting more naturally across apps and services. According to multiple reports, the revamped Siri will leverage Google’s Gemini technology to enhance its capabilities, marking a notable shift in Apple’s AI strategy. Recent leaks from Bloomberg have also revealed a standalone Siri app that aims to compete directly with advanced AI chatbots like ChatGPT, Claude, and Gemini. The app is expected to offer a more streamlined interface for complex queries. Additionally, Apple may introduce a feature reminiscent of messaging apps, enabling users to set timers for automatically deleting conversations after 30 days, a year, or keeping them indefinitely. AI agent app store and new developer tools According to The Information, Apple plans to introduce an AI agent integration with the App Store. While details remain scarce, these agents would allow users to delegate tasks such as booking reservations, managing everyday tasks, editing documents, or controlling smart home devices. This could open the door for third-party developers to create specialized AI agents, similar to how the App Store revolutionized mobile apps. Camera and Photos apps get Visual Intelligence A new “Visual Intelligence” section is anticipated within the Camera app, replacing the previous Visual Intelligence feature found in the Camera Control button. This upgrade will introduce a dedicated Siri mode that exists alongside options like Photo, Video, Portrait, and Panorama. The feature leverages Google Image Search to accurately identify objects captured by the user. The Photos app is also set to receive enhancements powered by Apple Intelligence, including intelligent scene recommendations for optimizing photos, automatic object removal for cleaner images, and an AI photo editing feature that allows users to request edits using natural language. Image Playground and creative tools Apple is upgrading the Image Playground app, introducing higher-quality image generation, more artistic styles, better character consistency, and richer editing controls. The interface for creating new images will be simplified, offering fewer controls and a “describe a change” option for editing. A suggested Genmoji feature may propose custom emojis based on users’ media and text interactions. Users may also be able to generate AI wallpapers that reflect various themes and moods. Apple Wallet: bill splitting and digital passes Notable updates are rumored for the Wallet app, particularly a new bill-splitting feature that simplifies sharing expenses among friends or family. Users will be able to photograph a receipt and generate payment requests to different parties effortlessly. Alongside this, the Wallet app will include a “Create a Pass” option that enables users to generate digital passes from physical items such as movie tickets, concert passes, or gym membership cards. macOS, iPadOS, visionOS, watchOS, and tvOS updates Apple is expected to enhance its AI-powered Siri experience across all its devices. The updates will likely incorporate more AI features and stability improvements across macOS, iPadOS, visionOS, watchOS, and tvOS. visionOS, in particular, may see new productivity functionalities leveraging Apple Intelligence. Why this matters This year’s WWDC represents a strategic inflection point for Apple. After years of incremental updates to Siri, the company is now directly competing with OpenAI, Google, and Anthropic in the AI assistant space. The integration of Gemini technology, the standalone Siri app, and the AI agent App Store signal that Apple is moving beyond simple voice commands toward a platform-level AI ecosystem. For consumers, this could mean a more useful and context-aware assistant that handles complex tasks across apps and services. Conclusion WWDC 2026 is shaping up to be one of Apple’s most AI-focused events to date. With a revamped Siri, new Visual Intelligence features, enhanced creative tools, and expanded Wallet capabilities, the company is positioning itself to compete more aggressively in the AI assistant and productivity space. Developers and consumers alike will be watching closely to see how these updates integrate into the broader Apple ecosystem. FAQs Q1: When is WWDC 2026 and how can I watch it? WWDC 2026 kicks off Monday at 10 a.m. PT / 1 p.m. ET. It will be streamed live via the Apple Developer app, Apple’s website, and the Apple Developer YouTube channel. Q2: What is the most significant announcement expected at WWDC 2026? The most anticipated announcement is a major AI upgrade to Siri, which will leverage Google’s Gemini technology to become more conversational and capable of handling multi-step tasks across apps. Q3: Will there be a standalone Siri app? Yes, according to recent leaks from Bloomberg, Apple is expected to introduce a standalone Siri app designed to compete with advanced AI chatbots like ChatGPT, Claude, and Gemini. This post WWDC 2026 preview: Siri’s AI overhaul, Apple Intelligence upgrades, and what to expect first appeared on BitcoinWorld .