Odaily Odaily Reports: Amazon has disclosed in its 10-Q quarterly report that it has completed a total investment of $50 billion in OpenAI.
The report shows that in the first quarter of this year, Amazon invested $15 billion in OpenAI's Series C preferred stock and committed to an additional $35 billion in investment. In the second quarter, Amazon invested $13.7 billion of the committed amount to purchase OpenAI Series C preferred stock; after the reporting period, the company completed the remaining $21.3 billion investment.
Amazon stated that if OpenAI completes an initial public offering (IPO) or another liquidity event, the currently issued Series C preferred stock will convert into common stock. The company expects to be subject to customary lock-up restrictions after the IPO, and will continue to comply with relevant securities regulations thereafter. (CLS)
Odaily News: The Coinbase Bitcoin Premium Index has remained in negative territory for 75 consecutive days (since May 19), with the latest reading at -0.0959%. Previously, the index recorded a 40-day negative premium streak from January 16 to February 24 this year, setting the longest consecutive negative premium record since the indicator's launch, surpassing the roughly 30-day streak observed during the "1011 crash" period.
The Coinbase Bitcoin Premium Index measures the price difference between Bitcoin on Coinbase and the global market average. A negative premium typically reflects significant selling pressure in the U.S. market, declining investor risk appetite, heightened risk-off sentiment, or capital outflows.
Odaily News, August 1 — According to Wall St Engine, the liquidity pressure faced by “AI stock guru” Leopold Aschenbrenner's Situational Awareness fund during the July market crash has been detailed in new reports.
The report states that after the market rapidly cooled in mid-July, the decline in Situational Awareness's stock holdings triggered margin monitoring by banks such as Goldman Sachs and Morgan Stanley, leading to margin calls. Sources say that after other hedge funds learned of its positions, they began shorting the related stocks, creating a cycle of “price decline → margin call → forced selling → further price decline.”
In late July, Leopold, while attending his wedding in Carmel, continued negotiating with his team to keep the fund operational. On the evening of July 29, he reached a preliminary agreement with a consortium led by Greenoaks and Sequoia Capital to sell approximately $3.5 billion worth of Anthropic equity.
However, between the early morning of July 30 and the opening of U.S. markets, Leopold changed his mind, choosing to retain his private asset portfolio and instead sell public market stocks. Subsequently, Citadel and Millennium entered negotiations with the fund's team, and Citadel ultimately acquired the majority of the fund's public stock portfolio before Thursday's market open at a discount of more than 10% below market value.
The deal helped Situational Awareness meet its margin requirements and avoid an official default. After the transaction was completed, related AI and semiconductor stocks rebounded on Thursday, allowing Citadel to profit from the move.
Around July 31, Situational Awareness disclosed to investors that the fund posted a net loss of approximately 67% in July, though it remains up about 80% year-to-date. Leopold stated he takes “full responsibility” for the incident, adding that the fund has unwound its bank leverage and will continue operating and investing in public markets going forward, while also adjusting its portfolio management and risk control systems. (Wall St Engine)
Odaily News: Trading volumes in South Korea's virtual asset market continue to shrink, and the competitive landscape among the five major Korean won exchanges is shifting. During the market downturn, liquidity has further concentrated in platforms with leading liquidity, while smaller exchanges are seeking breakthroughs through partnerships with securities firms, institutional market expansion, and operational restructuring.
Data shows that in the first half of this year, the cumulative trading volume of South Korea's five major Korean won exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) reached approximately $366.58 billion, down 54.6% year-on-year. Between July 1 and July 27, the cumulative trading volume of the five major exchanges stood at approximately 17.34 trillion Korean won, down 16.9% from the same period last month. Among them, Upbit's trading volume reached approximately 11.69 trillion Korean won, down 10%, yet its market share rose from 62.3% to 67.4%. Bithumb's trading volume fell to 4.71 trillion Korean won, with its share dropping from 30.7% to 27.1%, widening the gap between the two to 40.3 percentage points.
Market analysts believe that the decline in volatility of Bitcoin and altcoins is a key reason for the contraction in trading activity. In the first half of this year, Bitcoin's average daily volatility was 1.25%, and the altcoin index volatility was 1.79%, both lower than the KOSPI index's 4.67% on the Korean stock market. Against the backdrop of shrinking market liquidity, traders' willingness to transact has declined, putting greater pressure on exchanges that rely solely on trading fee revenue.
Meanwhile, mid-tier and smaller exchanges have begun seeking integration with traditional financial institutions. Industry insiders note that changes in the Korean exchange sector mirror global trends. U.S.-based exchange Coinbase has recently seen pressure on its trading revenue but has reduced its dependence on trading fees through subscription services, custody, and other non-trading businesses. The market is shifting from pure trading volume competition toward competition in financial ecosystems, institutional services, and asset infrastructure. (NexBlock)
1. Bitcoin spot ETFs saw a total net outflow of $265 million yesterday, with BlackRock's IBIT leading at $123 million in net outflows;
2. Ethereum spot ETFs recorded a total net inflow of $9.0295 million yesterday, with BlackRock's ETHB leading at $15.3831 million in net inflows;
3. Bitdeer sold 271.3 BTC this week, maintaining zero holdings;
4. Hong Kong received 25 online romance scam cases in a single week, with a woman in her fifties lured into investing in virtual currencies and losing over HK$26 million;
5. Sushi launched Sushi Launch, a native token issuance platform on Robinhood Chain;
6. Sources say OpenAI may postpone its IPO to next year;
7. Starting August 15, the Russian government has banned cryptocurrency mining in Moscow and other regions until the end of 2032;
8. Nunchuk responds to Coldcard vulnerability: platform keys will not be directly used;
9. Up 177.2% month-over-month, hacker attack losses in the crypto industry reached $210.3 million since July 30;
10. trade.xyz has completed compensation for the abnormal SKHYNIX liquidation on July 27, with losses under $10,000 fully reimbursed and excess amounts to be verified and compensated subsequently.
Odaily News, "White-Haired Stock God" Serenity stated that media and social platforms have made "seriously inaccurate" assessments of AI investor Leopold, and it is unfair to describe his multi-year investment strategy as a "crash" or "failure."
Serenity noted that Leopold's long-term investment judgments, such as those involving SanDisk (SNDK) and Bloom Energy (BE), had previously generated significant returns. However, after the sharp market decline in July, critics not only attacked his investment strategy but also launched personal attacks, a development Serenity finds disappointing.
Serenity believes the July market crash did expose issues with the strategy's leverage usage, liquidity management, and hedging mechanisms. Nevertheless, Leopold's overall performance this year still achieved a return of approximately 80%, placing him at the leading level within the hedge fund industry.
Odaily Planet Daily News "White-Haired Stock Guru" Serenity has summarized the capital expenditure guidance from the latest earnings reports of Amazon, Meta, Google, and Microsoft, stating that the four major tech giants are expected to allocate a combined capital expenditure of approximately $720 billion to $745 billion in 2026, exceeding the market's previous expectation of $695 billion to $725 billion. The market has recently experienced significant deleveraging, as well as position liquidations among retail and institutional investors due to margin pressures. While short-term adjustments may persist, it is difficult to maintain a bearish stance on upstream semiconductor companies and next-generation cloud computing infrastructure in the medium to long term.
Serenity also proposed the "bottleneck investment" thesis, arguing that when trillions of dollars in capital flow into supply chain segments previously viewed as low-value commodities—such as memory chips and even enterprises in the energy infrastructure sector—these companies may undergo a valuation reshaping. Many currently popular AI supply chain companies were previously overlooked by the market during the telecommunications cycle. However, as AI infrastructure construction enters an acceleration phase and capital expenditure flows into their balance sheets, these enterprises may experience a repricing.
Odaily News: AI API gateway platform Cloudsome announced the completion of a $3.6 million seed funding round.
Cloudsome aggregates multiple major mainstream models, providing users with convenient and flexible model access and invocation services through a unified API.
Recently, the platform has seen significant growth in user base and API call volume. For developers, Cloudsome supports rapid integration, flexible selection, and switching between different models, reducing development and adaptation costs; for enterprises, it offers stable model invocation, usage management, and technical support to meet the needs of AI product integration and diverse business scenarios.
Going forward, Cloudsome will continue to enrich its model offerings and optimize platform performance and service experience.
Odaily News: According to statistics from Hong Kong law enforcement authorities, a total of 25 investment fraud cases involving online romance were reported between July 24 and 30, with total losses approaching HK$70 million. In one major case, a female insurance practitioner in her 50s was lured by an online romantic partner claiming to be a "car dealer" into investing in cryptocurrency. It was not until last month that the victim discovered the investment platform showed account returns exceeding 800%, but her withdrawal request was denied. Shortly after, the romantic partner and the so-called investment expert went missing simultaneously, and the victim ultimately confirmed she had been defrauded of cumulative losses exceeding HK$26 million.
Police remind investors to be wary of individuals who build relationships through social platforms before recommending investment projects, especially those involving cryptocurrency, guaranteed high returns, or requiring transactions through unfamiliar platforms. Do not relax your financial security vigilance due to emotions or trust. (Oriental Daily News)
Odaily News: Nasdaq-listed Bitcoin mining company Bitdeer has released its latest Bitcoin holdings data on the X platform. For the week ending July 31, its Bitcoin mining output was 271.3 BTC, with 271.3 BTC sold during the same period, resulting in a net increase of 0 BTC. The company continues to maintain zero Bitcoin holdings.
According to SoSoValue data, yesterday (Eastern Time July 31), Ethereum spot ETFs recorded a total net inflow of $9.0295 million.
The Ethereum spot ETF with the highest single-day net inflow was Blackrock's Staked ETH ETF ETHB, posting a net inflow of $15.3831 million. To date, ETHB's cumulative historical net inflow has reached $544 million.
The Ethereum spot ETF with the highest single-day net outflow was Bitwise ETF ETHW, which saw a net outflow of $2.5371 million. ETHW's cumulative historical net inflow currently stands at $382 million.
As of press time, the total net asset value of Ethereum spot ETFs stands at $10.229 billion, with an ETF net asset ratio (market cap share of Ethereum's total market cap) of 4.55%. The cumulative historical net inflow has reached $11.210 billion.
Odaily News According to SoSoValue data, yesterday (July 31, Eastern Time) Bitcoin spot ETFs saw a total net outflow of $265 million.
The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF IBIT, with a single-day net outflow of $123 million. Currently, IBIT's historical total net inflow has reached $60.481 billion.
Next was Fidelity's ETF FBTC, with a single-day net outflow of $54.781 million. Currently, FBTC's historical total net inflow has reached $9.919 billion.
As of press time, the total net asset value of Bitcoin spot ETFs stands at $76.294 billion, with the ETF net asset ratio (market value as a proportion of Bitcoin's total market cap) at 6.04%, and the historical cumulative net inflow has reached $51.325 billion.
According to Odaily, data from SoSoValue shows that on July 31 (Eastern Time), HYPE spot ETFs recorded a total daily net outflow of $1.8305 million.
Only the 21Shares Hyperliquid ETF (THYP) saw outflows yesterday, with a single-day net outflow of $1.8305 million, bringing its historical total net inflow to $49.7753 million.
As of press time, the total net asset value of HYPE spot ETFs stands at $246 million, with a HYPE net asset ratio of 2.09%, and cumulative historical net inflows reaching $278 million.
