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OpenAI and Jony Ive’s ‘IO’ brand has vanished, but their AI hardware deal remains
Gaming Gear

OpenAI and Jony Ive’s ‘IO’ brand has vanished, but their AI hardware deal remains

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OpenAI has scrubbed mentions of io, the hardware startup co-founded by famous Apple designer Jony Ive, from its website and social media channels. The sudden change closely follows their recent announcement of OpenAI’s nearly $6.5 billion acquisition and plans to create dedicated AI hardware.

OpenAI tells The Verge the deal is still happening, but it scrubbed mentions due to a trademark lawsuit from Iyo, the hearing device startup spun out of Google’s moonshot factory.

The announcement blog post and a nine-minute video featuring Ive and OpenAI CEO Sam Altman are no longer available. The blog post from Ive and Altman announcing the deal said, “The io team, focused on developing products that inspire, empower and enable, will now merge with OpenAI to work more intimately with the research, engineering and product teams in San Francisco.”

OpenAI spokesperson Kayla Wood:

This page is temporarily down due to a court order following a trademark complaint from iyO about our use of the name ‘io.’ We don’t agree with the complaint and are reviewing our options.



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$1 Billion in BTC Spot ETFs Vanished in 2 Days
Crypto Trends

$1 Billion in BTC Spot ETFs Vanished in 2 Days

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  • Almost $1 billion in two days: Max pain for BTC ETFs investors
  • Worst day for BTC bulls since February

Bitcoin (BTC), the largest cryptocurrency, lost 6% of its capitalization in two days. Amid an overheated market, this tiny drop resulted in massive liquidations. Also, it looks like spot Bitcoin ETF investors panicked and withdrew liquidity en masse.

Almost $1 billion in two days: Max pain for BTC ETFs investors

The latest two sessions were the most bearish in U.S. Bitcoin spot ETFs since late February. On May 29 and May 30 combined, investors in major Bitcoin ETFs reduced their AUM by $975 million, with the last session being one of the five most brutal outflows in spot BTC ETFs history.

Image by CoinGlass

IShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) are the two most affected funds losing over $500 million in two days. Grayscale Bitcoin Trust (GBTC) and ARK 21 Shares Bitcoin ETF (ARKB) are also under fire with over $200 million vanished.

Such a cooldown happened after Bitcoin spot ETFs investors injected $4.26 billion into these vehicles in 10 consecutive days in the green.

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As covered by U.Today previously, this 10-day streak demonstrated general resilience of Bitcoin (BTC) spot ETFs and their popularity for TradFi investors. At the same time, frightened by the new phase of U.S.-China trade tensions and prospects of new sanctions, investors decided to park their investments somewhere else.

By contrast, ETFs on spot Ether are rocketing. In 11 consecutive days in the green, they amassed over $500 million, bringing the total inflow for the last three weeks over $3 billion.

Worst day for BTC bulls since February

Blackrock’s ETHA and Fidelity’s FETH are the top beneficiaries of the process with unbelievable $6 billion attracted in last weeks combined.

Bitcoin’s (BTC) drop after two weeks of euphoria and the new all-time high over $110,000 caused a cascade of painful liquidations on the futures market. 

In the last 24 hours, almost $675 million in cryptocurrency positions were liquidated, with longs being responsible for 89.4% of this amount. OKX BTC-USDT long position worth $12.5 million was the single largest liquidation of recent sessions.

That said, this longs slaughterhouse was the most painful since Feb. 25, 2025, when the BTC price erased $10,000 in two days, CoinGlass data says. 



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