【Bitu Daily News Selection】OpenAI: "OpenAI Token" is not company equity, there is no cooperation with Robinhood, nor is it endorsed by them; The US SEC has suspended Grayscale's plan to convert its Digital Large Cap Fund to an ETF for further review; The probability of the Federal Reserve cutting interest rates in September is over 90%, with the market focusing on US Non-farm Payrolls (NFP); Ripple has submitted an application for a federal banking license.

Daily selected Web3 news by the Bitpush editor:

[OpenAI: "OpenAI Token" is not equity in OpenAI, and there is no collaboration with Robinhood, nor is it endorsed by them.]

According to BitPush news, the artificial intelligence company OpenAI issued a statement on Wednesday (July 2) refuting the actions of the trading platform Robinhood, which provided a tokenized version of its private company shares. OpenAI explicitly stated on its X platform (formerly Twitter): "These 'OpenAI tokens' are not equity in OpenAI. We have no collaboration with Robinhood, have not participated in this matter, and do not endorse it. Any transfer of OpenAI equity must be approved by us - we have not approved any transfers."

Previously on Monday, Robinhood co-founder and CEO Vlad Tenev revealed that the company would begin offering tokenized private company equity from over 200 companies, including OpenAI, Elon Musk's aerospace company SpaceX, and others to EU users. Robinhood explained in a webpage about these assets: "Robinhood stock tokens follow the price of publicly traded stocks and ETFs — they are derivatives tracked on the blockchain, providing you with exposure to the U.S. market. When you purchase stock tokens, you are not buying actual stocks — you are buying tokenized contracts that track their price and are recorded on the blockchain."

It is worth noting that Robinhood is not the only platform offering tokenized equity shares in private companies. On June 25, the investment platform Republic also announced a similar plan aimed at providing stock tokens for private AI companies like OpenAI and Anthropic, to improve retail investors' access to these typically hard-to-reach investment opportunities.

[The U.S. SEC has suspended Grayscale's plan to convert its digital large-cap fund into an ETF and will conduct further review]

According to Bituan News and CoinDesk's disclosure, the U.S. Securities and Exchange Commission (SEC) has suspended the plan for Grayscale's Digital Large Cap Fund to convert into an Exchange-Traded Fund (ETF) and has placed it under further review.

The fund was originally planned to be listed on the New York Stock Exchange Arca platform, becoming a spot ETF covering multiple assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA).

[Federal Reserve's probability of rate cut in September exceeds 90%, market focuses on non-farm data]

According to Bitpush news, the CME "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in July is 74.7%, and the probability of a 25 basis point rate cut is 25.3%. The probability of the Federal Reserve keeping interest rates unchanged in September is 7.6%, the probability of a cumulative 25 basis point rate cut is 69.7%, and the probability of a cumulative 50 basis point rate cut is 22.8%. The "small non-farm" data released on Wednesday night unexpectedly recorded negative values, and the non-farm employment data in the U.S. will be released on Thursday evening Beijing time.

[Ripple and OpenPayd Collaborate to Build Stablecoin Payment Infrastructure and Submit Application for Federal Banking License]

According to Bitpush news, the blockchain company Ripple, focused on cross-border payment solutions, announced a partnership with the London fintech company OpenPayd. The purpose of this collaboration is to jointly build stablecoins and payment infrastructure for businesses seeking fast and low-cost cross-border fund transfers.

A key part of this collaboration is the support for the Ripple Dollar stablecoin RLUSD. OpenPayd will provide direct minting and burning services for RLUSD. The two companies stated that the solution aims to simplify cross-border payments, fund management, and dollar liquidity needs for businesses. According to the released information, Ripple Payments processes over $70 billion in payments annually, covering more than 90 payment markets.

Ripple also announced that it has submitted an application for a federal national bank charter to the Office of the Comptroller of the Currency (OCC). This charter will allow Ripple to expand its cryptocurrency services across state lines under federal regulation.

At the time of the announcement of this collaboration, Ripple Labs CEO Brad Garlinghouse also revealed that the company has withdrawn its cross-appeal against the U.S. Securities and Exchange Commission (SEC), a move aimed at ending the year-long legal dispute with the regulator.

【BlackRock IBIT's annual income has surpassed its S&P 500 ETF】

According to BitPush news and statistics from Fortune, BlackRock's iShares Bitcoin Trust ETF (stock code: IBIT), with a scale of approximately $75 billion, has attracted significant funds from institutional and retail investors, with inflows occurring for all but one month over the past 18 months. According to Bloomberg's rough calculation as of July 1, the fund's expense ratio is 0.25%, with an estimated annual fee income of $187.2 million. This figure is slightly higher than the $187.1 million of BlackRock's iShares Core S&P 500 ETF (IVV), which is nearly nine times the size of IBIT, with total assets of approximately $624 billion and a fee of only 0.03%.

Bloomberg: Investing in cryptocurrencies has increased the Trump family's wealth by at least $620 million within months

According to Bitpush news, Bloomberg published an article titled "Trump's $620 Million Cryptocurrency Reshapes His Wealth," which reveals that the Trump family is profiting from digital assets faster than from traditional real estate business, leveraging their fame and connections. Cryptocurrency projects like World Liberty Financial and Trump-themed meme coins have increased their wealth by at least $620 million in just a few months. The World Liberty Financial platform issued brand tokens and the stablecoin USD1, achieving $550 million in token sales in March, with the Trump family receiving $390 million. The family also holds 22.5 billion non-circulating tokens (valued at over $2 billion based on June trading prices), with Trump-themed meme coins controlled 80% of the supply by related parties, creating buzz through marketing events such as "Whale Dinner." Additionally, American Bitcoin Company (spun off from a Trump-associated investment bank) plans to go public, potentially adding another source of wealth for the family.

[Peter Thiel plans to co-launch digital bank Erebor with Anduril founder]

According to Bitu, as reported by Coindesk, PayPal co-founder Peter Thiel and Anduril founder Palmer Luckey are launching Erebor, a digital bank designed for cryptocurrency and technology startups.