Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

According to a Wall Street Journal report, OpenAI is expanding its data center scale and increasing its spending budget in this field. Sources revealed that OpenAI has raised its projected 2030 computing expenditure from approximately $600 billion earlier this year to around $750 billion. This growth reflects OpenAI’s new agreements with cloud computing service providers to rapidly obtain the massive computing power required for developing and operating its AI models. OpenAI announced Wednesday it will invest $20 billion to launch the "Camellia" data center project in Effingham County, Georgia. Sachin Katti, OpenAI’s vice president of compute strategy, said the company has signed a contract with Georgia Power to secure 3.2 gigawatts of power supply between 2028 and 2032. The project’s total cost is expected to exceed $30 billion, potentially making it one of OpenAI’s largest data centers to date. Per people with knowledge of the matter, OpenAI has hired Brent Mayo—one of the lead architects behind Elon Musk’s data center construction projects—to help ensure the data center project progresses as scheduled. Meanwhile, OpenAI has officially launched its enterprise AI agent platform Presence, which deeply integrates AI models with internal corporate data, policies, and business processes, offering automated solutions for scenarios such as customer service, sales, and IT support, moving beyond solely selling model access rights.

According to Bitget market data, South Korea's KOSPI index rose to touch 6,900 points, gaining 2.44% intraday, with SK Hynix up 4% and Samsung Electronics rising 3.2%.

Alphabet reported stronger-than-expected Q2 2026 results, with earnings per share (EPS) of $9.11 and revenue of $119.8 billion, beating Wall Street consensus estimates of $6.23 EPS and $116.51 billion in revenue respectively. However, investors’ concerns over the company’s sharply increased capital expenditure plan and recent margin pressure pushed Alphabet’s share price down 4.24% to $327.4 in after-hours trading, per market data from BIT (bit.com). Market analysts attribute the post-session sell-off to Alphabet raising its full-year 2026 capital expenditure forecast to $19.5–$20.5 billion, up from the prior projection of $18–$19 billion. Management stated the hike reflects plans to accelerate capacity delivery to meet demand, with roughly 60% of the expenditure allocated to servers and 40% to data centers and networking equipment. The company noted demand for AI infrastructure remains robust, though supply constraints are still limiting the pace of capacity delivery. Management also added that third-party capacity usage in Q3 may exert some margin pressure, while the integration of Wiz will create short-term headwinds in 2026. Looking ahead, Alphabet expects sustained strong demand for its Search, YouTube, and Cloud businesses, with AI features driving higher usage and improved monetization. The company also noted that most revenue from TPU system sales is expected to be recognized in 2027, not 2026.

According to Politico, the U.S. House of Representatives passed a bill on Wednesday aimed at restricting stock trading by members of Congress and their families. However, the legislation sparked internal divisions among Democrats, with some party members deeming it insufficiently stringent. Titled the Stop Trading on Congressional Knowledge (STOCK) Act, this marked the first congressional bill targeting congressional stock trading to be voted on by the full House, ultimately passing 232 to 198, with 13 Democratic lawmakers supporting it. Of the 93 total lawmakers who co-sponsored the bill, only two were Democrats. A separate, stricter bill— which would have required members and their families to sell their currently held stocks—earned wider bipartisan backing but failed to advance to a full House vote. Most Democrats consider the passed measure inadequate, as it does not include a provision mandating the sale of existing holdings. The bill will now be sent to the Senate for review.

Results for Alphabet, Google’s parent company, were released overnight for the second quarter. Alphabet’s Q2 revenue hit $119.8 billion, up 24% year-over-year, while operating profit reached $40.8 billion, a 30% year-over-year increase. Driven by a sharp rise in equity gains from holdings including Anthropic, net profit came in at $112.1 billion, surging 298% year-over-year. Notably, Google Cloud generated $24.8 billion in revenue, far exceeding market expectations of $22.5 billion, with an 82% year-over-year jump. Beyond significantly outperforming Wall Street’s forecasts for cloud revenue, the business’s backlog—contracted revenue not yet recognized—rose to $514 billion, crossing the $500 billion threshold for the first time, further demonstrating that the company’s large-scale AI investments are translating into commercial returns. In the same period, the company’s capital expenditure totaled $44.9 billion, surpassing market expectations of $44.2 billion. The CEO noted that AI investments are redefining the entire business.

US Senator Cynthia Lummis released a statement thanking her Democratic colleagues for their key contributions to the new draft of the CLARITY Act, and pledged to continue pushing for an agreement in the coming days to get the bill enacted into law. Lummis noted that consumer protection and supporting innovation are not mutually exclusive, adding that the draft demonstrates both goals can be achieved simultaneously. Earlier reports indicated that Senate Republicans unveiled the new version of the CLARITY Act following a briefing call with industry stakeholders. The revised text proposes to ban officials including the U.S. president, vice president, members of Congress, federal judges, and their spouses from receiving compensation via issuing or sponsoring digital assets while in office; the relevant provisions will remain in effect until January 20, 2029. Restricted officials must also sell their crypto assets and investments in crypto-related firms, or place them in blind trusts over which they have no control; sales of crypto assets exceeding $1,000 are required to be disclosed.