cent

GSR's latest report indicates that most DAOs in the crypto industry have structural defects in treasury management, with about 70% of treasury assets concentrated in the project's native tokens.GSR states that this asset structure may create a pro-cyclical negative feedback loop: when the price of the native token falls, the value of the treasury shrinks, while protocol revenue and market activity are affected, further increasing the financial pressure on the project.Project teams typically seek to hedge only after the token price has dropped, but by this time, the market's implied volatility has often risen, significantly increasing the cost of risk protection.GSR suggests that DAOs should separate operational reserves from long-term token holdings and consider using collar strategies to build downside protection, reducing the impact of market declines on the treasury and extending the project's funding usage cycle during bear markets.GSR believes that in the short term, more projects adopting hedging strategies may drive growth in trading volume in the crypto options market, but the impact on spot prices is limited; in the medium term, if the structure of DAO treasuries improves, it is expected to reduce systemic selling pressure in the market.

On August 6, OpenAI first released usage data of ChatGPT across various countries, showing significant differences in usage across different scenarios, ages, and regions. In work scenarios, users utilizing ChatGPT for execution tasks (writing, editing, analyzing, etc.) accounted for over 50%, more than twice that of non-work scenarios; non-work scenarios are still primarily focused on "information retrieval." By age group, the proportion of messages from users over 35 years old globally increased by 5 percentage points year-on-year, with France and the Czech Republic seeing increases of over 10 percentage points. Nearly three-quarters of European countries exceeded the global average increase, while some regions in Southeast Asia saw smaller increases.Regionally, Latin America, Africa, and Oceania are narrowing the gap with early adopters, with Peru, Uruguay, and Costa Rica showing the fastest rankings rise. Multimodal (such as image generation and analysis) is the fastest-growing use case, with its global share rising to 7.8%, exceeding 10% in countries like Brazil and Colombia. OpenAI stated that the relevant data has been made public through the OpenAI Signals platform, aimed at helping policymakers and researchers understand the usage trends of over 1 billion users.

As of the week ending July 31, foreign central banks held $25.534 billion less in U.S. Treasury securities, compared to a previous value of $33.902 billion.

According to the Iranian Fars News Agency, informed sources revealed that the northern and southern channels of the Strait of Hormuz will be canceled, and all traffic will subsequently be transferred to the Central Corridor, managed by Iran at the entrance and jointly managed by Iran and Oman at the exit.

According to Bloomberg, the UAE is considering investing up to 1 trillion yen (approximately 6.3 billion USD) in the construction of an artificial intelligence data center, led by the Abu Dhabi sovereign wealth fund Mubadala Investment Co. The project is planned to be located in Akita Prefecture in northern Japan, with a planned installed capacity of 500 megawatts, and may involve other domestic and foreign investors participating together.Currently, this information has not been publicly disclosed, and relevant details are still in the evaluation stage.

According to BTCtreasuries, the publicly listed Bitcoin mining company Cipher Digital has sold 470 BTC to fund the development of an AI data center and currently holds a total of 646 BTC. Its Bitcoin 100 ranking is 58th.

According to PR Newswire, Bitcoin mining company CleanSpark (CLSK) announced its unaudited Bitcoin mining and operational data for July 2026. In terms of operational data for July, CleanSpark produced 586 BTC that month, bringing the total production for the year to 4,310 BTC; the peak operational hash rate for the month reached 50 EH/s, with an average operational hash rate of 38.6 EH/s, and as of the end of July, 230,507 mining machines were deployed; regarding the power mix, the contracted power capacity reached 1.8 GW, with actual usage at 808 MW.In terms of Bitcoin reserves, as of the end of July, it held 13,931 BTC, a slight increase from 13,924 BTC at the end of June. In July, it produced 586 BTC, sold 229 BTC through spot sales, and sold 350 BTC through exercising call options, with an average selling price of $66,133 per BTC.During the same period, the company announced that it had signed a 20-year triple net lease (NNN) agreement with a high investment-grade global technology company at its Sandersville campus in Georgia, with two five-year renewal options. The total contract revenue during the initial 20-year term is expected to be approximately $6.6 billion, and if both renewal options are exercised, the total contract value will reach $11.6 billion, with a cumulative net operating income (NOI) contribution rate close to 100%, and an average annual NOI contribution of about $330 million.

Galaxy Digital (Nasdaq: GLXY) released its Q2 2026 financial report, reporting a net loss of $85.31 million, significantly narrowing from a loss of $216.3 million in Q1, mainly affected by the decline in digital asset prices; adjusted EBITDA was a loss of $77.26 million; as of June 30, total equity was $2.72 billion, with cash and stablecoin holdings of $2.459 billion.In terms of business segments, the digital asset department reported an adjusted gross profit of $65.71 million, a quarter-on-quarter increase of 34%, with the number of trading counterparties reaching 1,741, a quarter-on-quarter increase of 3%, and an average loan balance of $1.438 billion, remaining basically flat quarter-on-quarter, with new loan issuance increasing quarter-on-quarter; the company also launched an OTC prediction market product this quarter, supporting institutional clients in executing multi-asset hedging strategies around event-driven markets. In asset management, the total managed and pledged assets at the end of Q2 were $7.1 billion, a quarter-on-quarter decrease of 12%; this quarter, the Galaxy Fintech Fund long-short hedge fund was newly launched, and a joint venture with State Street was established to launch the tokenized private equity liquidity fund SWEEP.The data center department achieved profitability for the first time this quarter, with an adjusted gross profit of $20.14 million and adjusted EBITDA of $11.49 million. The first phase of the Helios data center park, with a critical IT load of 133 MW, has been fully delivered to CoreWeave, and it is expected to contribute approximately $8 million in rental income each quarter starting from Q3, with project-level adjusted EBITDA profit margins expected to exceed 90%.In terms of corporate progress, on July 28, Galaxy issued $3.5 billion in senior secured notes through its subsidiary to fund the second phase of Helios construction; subsequently, it acquired three new sites in Texas (Merlin, Caspian, Selene), with a total potential installed capacity of approximately 2.1 GW, bringing the company's overall power pipeline scale to over 5.7 GW. Additionally, Galaxy signed a multi-year cooperation agreement with BNY to support the staking services of BNY's digital asset custody platform.

According to an analysis by Reuters of LSEG data and company filings, Microsoft, Meta, Oracle, Amazon, and Alphabet have committed to future payments of approximately $1.09 trillion in uncommenced lease obligations, primarily for AI data centers, which is about four times their confirmed lease liabilities (approximately $285 billion). These commitments have not yet been included on the balance sheet but have been disclosed in the notes to the financial statements. Among them, Microsoft disclosed the largest amount, reaching $329.1 billion; Meta disclosed $278.99 billion and signed an additional $68 billion in new leases in July; Oracle disclosed $260 billion, nearly seven times its confirmed liabilities, with lease terms generally ranging from 15 to 19 years, and the company has warned that it may face risks if customers do not renew or are unable to fulfill their obligations; Alphabet and Amazon disclosed $85.2 billion and $137.21 billion, respectively.The analysis points out that if the demand for AI computing power continues to grow, these facilities will support the next phase of cloud business expansion; if demand falls short of expectations, companies may be forced to pay high costs for large amounts of long-term idle capacity. S&P Global Ratings has included the uncommenced leases of companies like Oracle in its adjusted debt forecasts. This data highlights the potential long-term financial pressure that the expansion of AI infrastructure brings to tech giants.

According to technology analyst Ed Zitron, citing estimates from institutions such as Barclays, UBS, and Wells Fargo, Microsoft, Google, and Amazon, the three major cloud providers, may see over 70% of their AI revenue coming from OpenAI and Anthropic. Specifically, Barclays analyst Ross Sandler estimates that about 73% of Amazon AWS's AI revenue in 2026 will come from these two companies; UBS analyst Stephen Ju estimates that approximately 28% of Google Cloud's revenue in 2026 and over 48% in 2027 will come from them; Wells Fargo estimates that about 23% of Microsoft Azure's revenue in FY2026 and about 35% in FY2027 will come from these two AI labs.The analysis indicates that AWS's AI revenue in 2026, excluding OpenAI/Anthropic, is expected to be only about 8.5 billion dollars, while Amazon's capital expenditure for that year is expected to reach 220 billion dollars. Google's Vertex AI platform revenue in 2026 is expected to be about 28.3 billion dollars, but during the same period, the computing power expenditure for OpenAI and Anthropic is expected to exceed 35.6 billion dollars. Microsoft's AI revenue in FY2026 is about 34.5 billion dollars, with capital expenditure during the same period of about 115.9 billion dollars. This analysis has raised market concerns about the overbuilding of AI data centers and the sustainability of demand, questioning whether the three major cloud providers should disclose customer revenue concentration risks more transparently. Currently, Microsoft, Google, and Amazon have not publicly responded to this.

According to Jinshi reports, Fed's Schmid stated that the recent easing of energy prices may be temporary.

According to Jinshi reports, the CEO of AMD stated that the revenue of the data center division is now expected to more than double year-on-year by 2027.

According to Jinshi reports, the central bank announced that it will conduct a 500 billion yuan reverse repurchase operation on August 5, with a term of 3 months. Meanwhile, in international news, data from the Bank of Japan indicates that Japan may not have intervened in the foreign exchange market on Monday.U.S. Treasury Secretary Yellen stated that the U.S. will take all necessary measures to support the yen and mentioned that a deal with Iran might be reached tomorrow to open the Strait of Hormuz.

According to Jinshi, the United States plans to ban the import of new data center equipment from China.The Chinese Embassy in the United States urges the U.S. to stop smearing Chinese companies and threatening sanctions.

According to The Block, Texas Governor Greg Abbott ordered the Public Utility Commission (PUCT) and the grid operator ERCOT to conduct audits on all data center projects in the queue within the state this week. ERCOT subsequently suspended the "Batch Zero" large electricity approval process, which was scheduled to announce results this month.Currently, data center applications account for about 90% of the 474 GW interconnected queue of ERCOT.Bernstein analysts noted in a client report released on Tuesday that this regulatory review will suppress speculative development and compress the supply of new electricity capacity, thereby enhancing the scarcity value of approved electricity capacity, benefiting existing Bitcoin mining companies and AI operators.The report specifically mentioned that Cipher Digital (CIFR), CleanSpark (CLSK), and Core Scientific (CORZ) are significantly affected by the audit, as their recent expansion plans rely on access to the Texas grid; while Terawulf (WULF) has a stronger risk resistance due to its power assets being distributed across multiple states, including Kentucky, Maryland, and New York; Riot Platforms (RIOT) and IREN benefit from already having large-scale approved operating assets in ERCOT.

According to Reuters, citing four informed sources, the Trump administration is drafting a ban on the import of new models of optical modules for data centers from China. The Federal Communications Commission (FCC) is formulating this measure to prohibit the import of new models of optical modules that can transmit data through fiber optic cables within data centers, with officials hoping to release and implement it within this year. The ban aims to prevent Chinese companies from stealing data, implanting malware, or disrupting services at U.S. data centers.The ban may primarily affect Inspur (leading with a 27% share of the global data center optical module market), which was listed in June of this year on the Pentagon's list of companies involved in military activities. U.S. cloud providers (such as AWS) may be forced to turn to alternative suppliers like Coherent and Lumentum, raising costs. The FCC has previously imposed similar restrictions on Chinese drones, routers, robots, and inverters. The Chinese embassy in the U.S. stated that "it will take all necessary measures to respond to any actions that harm China's interests." The draft may still be modified or shelved.

OneBullEx announces the launch of the TradFi perpetual contract position incentive activity, which will take place from August 4th, 18:00 to August 19th, 18:00 (UTC+8), with a total prize pool of 40,000 USDT in contract experience funds.The activity covers TradFi USDT-based perpetual contracts for technology stocks, indices, and gold. After completing registration, users can receive rewards based on their average daily position value, with the applicable reward ratio unlocked collectively by the total average position size of all registered users, with a maximum annualized reward rate of 21%.Of this, 35,000 USDT is allocated for position rewards; an additional 5,000 USDT is for the first order gift for new users. New users who have never completed contract trading on OneBullEx before registration are eligible. The maximum annualized reward rate is calculated based on the maximum 50x leverage supported by the specified contract and the actual margin used, and does not constitute fixed income or income commitment.

According to the Economic Times of India, the Indian Central Board of Direct Taxes has revised the global tax reporting framework, expanding the scope of the Foreign Account Tax Compliance Act and the Common Reporting Standard to include specific crypto assets, central bank digital currencies, and digital currency products, while tightening the due diligence requirements for financial institutions.The updated compliance framework provides guidelines for banks, mutual funds, insurance companies, custodians, and other investment entities on account identification, tax residency verification, and financial information reporting. Financial institutions are also required to conduct enhanced due diligence on high-value accounts with balances exceeding $1 million.

According to Jinshi reports, the Russian Ministry of Defense stated that Russia struck a logistics center in the Sumy region of Ukraine.

According to Jinshi reports, White House National Economic Council Director Hassett stated that recent reports show that inflation data is outstanding.