Data: Web3 social application Towns has over 400,000 total users, with over 200,000 token holders

According to a Financial Times report, OpenAI has been making ongoing organizational adjustments in preparation for a potential initial public offering (IPO), undergoing nearly five restructurings this year. The exits of multiple senior executives have sparked internal unrest. This week, Denise Dresser, chief revenue officer in charge of enterprise client expansion, announced her resignation. Earlier, other senior leaders including former chief financial officer and chief operating officer Brad Lightcap, and ethics head Chloé Bakalar, have also stepped down one after another. Some employees view the frequent personnel shifts as a sign of management pressure during the company’s push to go public. Separately, OpenAI recently disbanded its Preparedness Team, which was previously tasked with evaluating major security risks from AI models and developing response measures. Those responsibilities have been split across other teams. OpenAI said the company is growing at an extremely rapid pace, and organizational changes are designed to boost efficiency, focus on its ChatGPT business, and compete with Anthropic in the enterprise market. OpenAI is currently gearing up for a possible IPO, with market expectations valuing the firm at up to $1 trillion. However, rival Anthropic has posted strong growth this year, with revenue surging significantly, creating pressure on OpenAI. Data shows OpenAI’s annualized revenue has risen from roughly $24 billion at the end of last year to around $40 billion now, though Anthropic’s revenue has grown faster over the same period. Additionally, OpenAI recently completed an approximately $7 billion employee stock repurchase, with some employees cashing out by selling their shares. Investors have raised concerns about OpenAI’s management stability and organizational efficiency, but some investors argue that optimizing the management structure ahead of an IPO is a normal adjustment that helps clarify the future core team.

Justin Sun posted on social media that he has communicated with Binance, stating the matter only involves Binance UK and EU users. HTX itself does not operate in the UK and EU, and its settlement negotiations with UK and EU regulators are already underway. Any users affected by these settlement negotiations can reach out to HTX customer service at any time, and the platform will coordinate to resolve their issues.

According to Farside's monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $56.2 million yesterday, marking the third consecutive day of net outflows. U.S. spot Ethereum ETFs recorded no net inflows or outflows yesterday.

After SanDisk’s investor day, multiple Wall Street firms have repositioned the company as a key player in AI infrastructure, citing that demand for KV Cache, enterprise SSDs, and high-bandwidth flash memory from large language model (LLM) inference will shift NAND flash from a mere cyclical commodity tied to consumer electronics. JPMorgan Chase resumed coverage on SanDisk, assigning an "Overweight" rating with a $2,250 price target. The bank noted that SanDisk’s multi-year, new business model agreements with key clients will boost demand visibility and support margins amid persistently tight NAND supply. Citigroup maintained a "Buy" rating with a $2,100 price target, also highlighting revenue stability from long-term contracts and the structural demand pull for flash memory from AI data centers. Morgan Stanley took a more cautious stance, arguing that SanDisk’s proposed high-margin targets face execution challenges, but acknowledged that amid supply shortages and AI demand tailwinds, the company has the potential to sustain above-cyclical profit levels in coming years. This re-rating has already been directly priced in: SanDisk rose roughly 6.5% on Friday, notching a nearly 35% weekly rebound and over 60% gain in the past two weeks; storage sector peers including Micron, Western Digital, and Seagate also rallied.

Semiconductor stocks regained buying interest after a sharp sell-off in July, and Bank of America’s (BofA) latest analysis further reinforces this rebound thesis. The U.S. lender notes that demand for AI computing and memory is stronger than previously anticipated, and there remains upside potential for the growth trajectory of the AI server chip market, with AMD and NVIDIA standing as the most representative top picks. BofA’s core view is that the market had earlier over-worried about cloud providers slashing AI capital expenditures, but recent earnings reports and guidance indicate that AI infrastructure investment is still ongoing. Cloud giants including Microsoft and Amazon continue to signal robust demand, with recovery observed across the server, GPU, networking, storage, and power supply chains. The bank favors AMD because its AI accelerator and server CPU portfolio will benefit from customer diversification; it remains bullish on NVIDIA, as the firm’s product ecosystem, supply chain control, and next-generation platforms will sustain their industry-leading positions.

According to an official announcement from Bitget, the platform’s stock dual-currency investment product has officially launched, with its first batch covering over 20 popular U.S. stocks and ETF-related underlying assets including rNVDA, rTSLA, rAAPL, and rMETA. This upgrade adjusts the product’s settlement time to 23:30 (UTC+8), aligning more closely with the post-opening trading sessions of U.S. stocks. In addition, Bitget has rolled out two limited-time promotions simultaneously. During the campaign period, new users participating in Bitget’s dual-currency investment for the first time who complete designated tasks such as net deposits will be eligible to receive a dual-currency experience bonus, with a maximum reward of 3,000 USDT. This promotion ends on August 21. Meanwhile, users who purchase dual-currency products during the campaign will also get limited-edition Bitget merchandise including camping sets and commemorative gold coins, with this offer running until August 28. For more details, please visit Bitget’s official website.