TON surged 80%+ to dominate weekly winners, followed by SIREN (63%) and VVV (58%). PI, SKY and LEO posted minor losses amid capital rotation toward fundamentally strong assets. Protocol upgrades and ecosystem developments drove gains.

This week saw sharp divergence: TON surged 80% on protocol upgrades, SIREN and VVV also rallied. PI, SKY, LEO posted minor losses but showed structural weaknesses. B3 skyrocketed 338% as capital rotated to fundamentally strong assets.

A flurry of major news hit the crypto and tech sectors: SpaceX launched its first investment-grade bond issuance, ICE and OKX formed a crypto joint venture, Coinbase will list Pre-IPO perpetuals for OpenAI and Anthropic, Micron signed a multi-year storage supply deal with Anthropic, Strategy and Bitmine expanded crypto holdings, MoonPay and Fomo closed key deals, Hong Kong-listed Zhipu broke HK$1 trillion market cap, and Toss Bank will use Solana for cross-border remittances.

This morning's crypto briefing covers SpaceX's first investment-grade bond issuance, ICE-OKX crypto joint venture, Strategy and Bitmine BTC/ETH accumulation, Micron-Anthropic multi-year storage deal, MoonPay acquiring Entendre, Fomo's Series B, Coinbase listing AI companies' pre-IPO perpetuals, Toss Bank adopting Solana for cross-border settlements, and more.

Ventuals has announced that it will cease operations and join another building team in the Hyperliquid ecosystem. All HIP-3 markets deployed by Ventuals will be settled and closed as scheduled, while vHYPE holders may withdraw deposited HYPE at a 1:1 ratio after all markets close and receive accrued native staking rewards.

OpenAI has confirmed that it has submitted the documents The company acknowledged the submission in a widely circulated statement on social media. OpenAI stated: "We recently submitted a confidential S-1 file. We anticipate the document will be leaked, so we hereby announce this. The company added that this filing should not be interpreted as a signal of an imminent listing, stating that the "timetable has not yet been determined," and that it may remain privatized for some time, while retaining the option to list early when conditions permit.