Crypto Industry News & Market Trends

OpenAI Skips Outside Buyers for $7 Billion Tender as IPO Preparation Ramps Up

OpenAI used its own cash, not outside investors, to buy back roughly $7 billion in employee shares, according to Bloomberg.　　The deal holds the companys valuation flat at $852 billion ahead of a possible stock market listing.　　OpenAI Breaks From Its Own Pattern　　A tender offer lets a company or investor buy back existing shares from employees. OpenAI has run investor-funded versions before, including a 2023 tender offer that tripled its valuation to $86 billion.　　Sponsored　　Sponsored　　Its largest prior deal came in October 2025. Thrive Capital, SoftBank, and others bought $6.6 billion in employee shares, valuing OpenAI near $500 billion.　　OpenAI just ran a $7B employee tender at an $852B valuation — self-funded, no new outside capital. Clear IPO prep move. Clean headline.　　— Jordan Blake (@nickdannunzio) August 10, 2026　　By March 2026, a $122 billion funding round pushed that valuation to $852 billion. OpenAI confirmed the same $852 billion figure now, months after it also filed a confidential IPO filing with regulators.　　Why OpenAI Skipped the Investors　　Funding the buyback itself keeps OpenAIs cap table free of new outside holders right before a potential listing. It also signals the company has enough cash on hand after its March raise. It does not need fresh investor capital for this deal.　　The

08-11Industry

Oversubscribed 8,288 to 1: China‘s Hottest IPO Hits ’Embodied AI Boom

Chinas humanoid robot boom just produced one of the most lopsided initial public offering (IPO) scrambles in recent memory.　　Unitree Robotics, the Hangzhou-based robot maker best known for its dancing and martial-arts-performing humanoids, priced its Shanghai listing at 150.8 yuan ($22.35) per share. Retail investors responded by submitting valid applications for 53.64 billion shares. Only 9.707 million shares were set aside for the online tranche, leaving a final winning rate of just 0.0181%.　　Sponsored　　Sponsored　　Roughly one in every 5,525 applicants got an allocation.　　What “Embodied AI” Actually Means　　Unitree and its rivals sit inside a category Chinese officials and investors now call embodied AI, artificial intelligence paired with a physical body that can sense and move through the real world, rather than software confined to a chatbot or a data center.　　???? BREAKING:@UnitreeRobotics is going public on Shanghai stock exchange at a $9 billion valuation.　　Their IPO was oversubscribed by retail investors by 8,288 TIMES. The final lot-winning rate for retail investors: 0.018%. 　　Meaning for every 10,000 people who tried to buy… pic.twitter.com/tFyNWyfbvc　　— Lukas Ziegler (@lukas_m_ziegler) August 10, 2026　　It is the bridge between large language models and machines that can walk a factory floor or lift a box. Beijing has made the category a national priority, and

08-11Industry

12 Nasdaq Stocks Doubled in 2026, But None Are Magnificent Seven

Twelve Nasdaq 100 stocks have more than doubled in 2026, and none of them belong to the Magnificent Seven.　　The Magnificent 7 stocks all have different primary focuses, even though they are grouped together as large, influential tech-adjacent powerhouses heavily tied to trends like artificial intelligence. But the biggest leaders was SanDisk, up 411% year to date, while Micron and Intel also more than doubled this year.　　Sponsored　　Sponsored　　All 12 Nasdaq 100 Stocks That Doubled　　The rest of the list skews heavily toward companies that build AI infrastructure hardware rather than software platforms.Sandisk (SNDK) +406%Micron (MU) +207%Intel (INTC) +175%Arm Holdings (ARM) +159%Marvell Technology (MRVL) +157%Western Digital (WDC) +152%Lumentum (LITE) +142%AMD (AMD) +126%Nebius (NBIS) +125%Applied Materials (AMAT) +110%Fortinet (FTNT) +101%Astera Labs (ALAB) +101%　　Even with a substantial drop, SanDisk is a top performer. Image Source: Trading ViewThe Magnificent Seven Are Sitting This Out　　Returns vary widely inside the group. Amazon leads with a 20% gain this year, followed by Nvidia at 14%, Apple at 13%, and Alphabet at 12%.　　Microsoft has managed just a 4% gain. Meta has fallen 10%, and Tesla is down 27%, the groups weakest performer. The S&P 500 has gained roughly 13% over the same period.　　Sponsored　　Sponsored　　Ed Yardeni, founder of Yardeni Research, has tracked the

08-11Industry

Cramer‘s Analyst Says Eli Lilly’s GLP-1 Stock Rally Has Years Left to Run

Eli Lilly (LLY) posted a blowout quarter, and Mad Money says the GLP-1 drugmakers stock story is far from over.　　Jim Cramer and CNBC analyst Jeff Marks called Eli Lilly and Nvidia top momentum stocks.　　Sponsored　　Sponsored　　Why Eli Lillys GLP-1 Stock Still Has Room to Run　　The comment came during a viewer question about how price targets get set. Cramer raised Eli Lilly and Nvidias runs specifically when asking about the process.　　Marks, the CNBC Investing Clubs portfolio analyst, said stocks like these need a longer time horizon than most.　　“Stocks like that you also have to look out years out in advance, too. Especially in the case of Eli Lilly, where it‘s more of towards the end of the decade is where it’s GLP-1 sales.”　　— Jeff Marks, CNBC Investing Club portfolio analyst, on Mad Money　　Eli Lillys second-quarter results back that framing. Revenue hit $23 billion, up 48% year over year. A 60% jump in sales volume offset a 13% drop in realized prices.　　Management raised full-year revenue guidance to a range of $85 billion to $87 billion. Mounjaro sales rose 91% to $9.9 billion worldwide. Zepbounds U.S. revenue grew 44% to $4.9 billion.　　Sponsored　　Sponsored　　Cramers other 2026 stock picks lean on similarly durable, multi-year themes rather than short-term

08-11Industry

Trump Media holds 14,139 BTC as Q2 loss hits $238M

Trump Media & Technology Group reported a $238.1 million net loss for the second quarter on Aug. 10 as falling digital asset and securities valuations continued to weigh on its balance sheet.　　SummaryTrump Media posted a $238.1 million Q2 loss, with $190.4 million from unrealized asset losses.Bitcoin holdings rose to 14,139 BTC by July 31 after Trump Media bought additional coins.The company pledged 2,077.34 BTC for options and 4,260.73 BTC against convertible notes in June.Trump Media terminated its planned CRO treasury venture days before announcing a revamped treasury framework.Q2 revenue rose 89% to $1.67 million, while quarterly operating cash use reached $13.7 million.　　The Truth Social operator simultaneously announced plans for a “more disciplined digital asset treasury management framework” aimed at retaining long term crypto exposure while reducing volatility and making its assets more productive.　　The U.S. listed company remains closely linked to Donald Trump through its ownership structure. Its latest annual report said the Donald J. Trump Revocable Trust, of which Trump is sole beneficiary, held about 41.1% of TMTGs voting power as of Feb. 25. Donald Trump Jr. serves as sole trustee.　　You might also like:　　Trump Media launches Truth API amid SEC scrutiny　　Trump Media Q2 loss reflects crypto markdowns　　Trump Medias Aug. 10

08-11Industry

Pump.fun fees top $10M as revenue overtakes Hyperliquid

Pump.fun generated $10.03 million in protocol fees during the week of Aug. 3 to 9, marking the first time its weekly total crossed $10 million under its current reporting series.　　SummaryPump.fun generated $10.03 million in weekly protocol fees, up 12% from the previous weeks total.The platform bought back and burned 2.15 billion PUMP, worth approximately $5.02 million that week.Ecosystem trading volume reached $2.97 billion, the strongest weekly total since late January, Pump.fun reported.DefiLlama now shows Pump revenue at $35.67 million over 30 days, above Hyperliquids $32.46 million.PUMP traded near $0.0028, up 33.8% weekly, before another scheduled token unlock arrives on Wednesday.　　The Solana based token launch platform said fees increased 12% from the previous week as trading activity recovered across its launchpad, PumpSwap exchange and Terminal trading product.　　The latest newsletter described the period as the platform‘s “first week above $10M.” Independent DefiLlama data supports the broader revenue recovery, although its rolling measurement window differs from Pump.fun’s fixed Aug. 3 to 9 reporting period. DefiLlama recorded $10.49 million of Pump protocol revenue over the latest seven days.　　You might also like:　　Pump.fun cut staff weeks before PUMP tokens vested: Report　　Pump.fun revenue moves ahead of Hyperliquid　　Pump.fun also said it had overtaken Hyperliquid in revenue measured over

08-11Industry

XRP, ether lead crypto losses as traders eye $70,000 bitcoin next

That makes $70,000 the next area to watch, another round number with the 200-day moving average sitting nearby. Clearing it would put bitcoin above the range where buyers and sellers fought through March and April, a move Kuptsikevich said would shift sentiment meaningfully.　　Traders are not there yet. The crypto sentiment index sits at 30, in what is known as the fear zone, and has stayed there since mid-July with occasional dips toward extreme fear.　　Bonds and oil set the tone in broader markets. U.S. 10-year Treasury yields rose six basis points on Monday to 4.71%, dragging Australian and New Zealand government bonds down with them, with no cash Treasury trading during Asian hours because of a public holiday in Japan.　　Brent crude held at $87.73 a barrel after jumping 5% on Monday, when President Donald Trump made fresh demands on Iran and dimmed hopes of a deal to reopen the Strait of Hormuz. Gold rose for a third session above $4,400 an ounce.　　Higher oil feeds into the inflation figures due Wednesday at 8:30 a.m. ET, which is why the rally is weighing on assets that do better when rate rises look less likely.　　Fund flows had been running the other way until this

08-11Industry

Keel exits U.S. Bitcoin mining after $65M loss, shifts to AI

Keel Infrastructure has shut down all of its U.S. Bitcoin mining operations as the former Bitfarms business redirects its American power portfolio toward artificial intelligence and high performance computing data centers.　　The company disclosed the transition on Aug. 10 alongside second quarter results showing revenue fell 50% from a year earlier to $30.4 million. Net loss reached about $65 million.　　The move brings an end to Bitcoin mining at Keels sites in Washington and Pennsylvania, but it does not represent a complete exit from mining worldwide. The Delaware based company continues to operate legacy Bitcoin mining assets in Canada while pursuing approvals to convert more Canadian capacity toward HPC and AI workloads.　　Keel Infrastructure ends U.S. Bitcoin mining　　Keels SEC filing shows that the U.S. withdrawal happened in stages. Bitcoin mining at its Washington State site ended on April 28 as the company began converting the location into an 18 MW HPC data center. Mining then ceased at Panther Creek, Scrubgrass and Sharon in Pennsylvania on June 29.　　Keel Shuts U.S. Bitcoin Mining Operations as It Pivots to AI Data Centers　　Keel Infrastructure said it has decommissioned all U.S. Bitcoin mining operations as it repurposes sites for AI and high-performance computing data centers. Q2 revenue fell

08-11Industry

U.S. SEC sets meeting to propose Reg Crypto to support certain digital assets offerings

“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a client note sent after the SECs notice.　　The proposal is expected to give a path to crypto firms enabling them to raise capital for projects without triggering SEC registration requirements, and the businesses are also expected to be provided an exit path for getting clear of the agencys jurisdiction when theyre not engaged in hands-on management of the projects anymore.　　Before this, Atkins and the agency had rolled through a lengthy series of crypto policy statements meant to clarify its regulatory position on digital assets, but the staff statements have little long-term durability. A formal rulemaking would be more difficult to reverse in the future.　　But the rule will likely take further months to develop and finalize. This first stage will come with a comment period — typically two or three months — and be followed by a potentially lengthy rewrite.　　Reg Crypto would join some of the other significant steps the agency has taken or is still working

08-11Industry

Bitcoin's 'strongest hands' are back, on-chain data show

SummaryThe number of bitcoin wallets holding at least 10,000 BTC has risen to 90, a six-month high, signaling renewed accumulation by large investors.Since July 29, wallets holding between 10 and 10,000 BTC have added about $1.5 billion in bitcoin, while smaller “micro” wallets have been shrinking amid security fears and regulatory delays.Analysts at Santiment say this rotation of coins from smaller holders to so-called strong hands has historically preceded major price moves and now tilts the odds toward an upside break above $70,000.　　Bitcoins elite holders are quietly loading up again.　　The number of wallets holding at least 10,000 BTC has climbed back to 90, a six-month high, according to analytics firm Santiment. Over the past eight weeks alone, the count of these “whale” wallets has risen by six, a 7.1% increase.　　The move builds on a broader accumulation trend first flagged four days ago. Since July 29, wallets in the 10–10,000 BTC range (whales and sharks) have accumulated BTC worth $1.5 billion. Santiment noted at the time that the pattern of larger players accumulating while smaller holders sell raised the odds of a move above $70,000 versus a drop below $60,000.　　Meanwhile, “micro” wallets have been steadily shrinking throughout August. Santiment links this

08-11Industry

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