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OpenAI employees seek to sell $6B in shares at upgraded $500B valuation
OpenAI employees seek to sell $6B in shares at upgraded $500B valuation

Share link:In this post: OpenAI staff are looking to sell $6 billion in shares in a deal that could raise the company’s valuation to $500 billion. SoftBank has committed to leading a $40 billion fundraising round for the Ai giant, with $8.3 billion already raised. OpenAI recently launched GPT-5, which has drawn both criticism and praise for its performance.

Cryptopolitan·2025/08/16 17:05
Putin notes 20% rise in Russia-US trade under Trump
Putin notes 20% rise in Russia-US trade under Trump

Share link:In this post: Vladimir Putin highlighted growth in U.S. trade with Russia after Trump’s return. Turnover in bilateral trade with America increased by 20%, the Russian president said. Volumes remain much lower than a decade ago as both express interest in doing business.

Cryptopolitan·2025/08/16 17:05
Foreign holdings of U.S. Treasuries hit record $9.13 trillion, up $1 trillion in a year
Foreign holdings of U.S. Treasuries hit record $9.13 trillion, up $1 trillion in a year

Share link:In this post: Foreign holdings of U.S. Treasuries hit a record $9.13 trillion in June, rising $1 trillion from last year. Japan and the UK increased their holdings, while China kept its level flat at $756.4 billion, its lowest since 2009. India and Hong Kong cut their Treasury exposure, and overall net capital inflow to the U.S. plunged 75% from May.

Cryptopolitan·2025/08/16 17:05
Ethereum nears ATH as DeFi TVL approaches pre-2022 highs
Ethereum nears ATH as DeFi TVL approaches pre-2022 highs

Share link:In this post: Ethereum is nearing its $4,800 all-time high after gaining 40% in the past month. Inflows into U.S.-listed Ether ETFs hit $2.9 billion, signaling strong institutional demand. Ethereum’s DeFi TVL has surged past $90 billion, close to its 2021 peak of $108 billion.

Cryptopolitan·2025/08/16 17:05
Spot Bitcoin and Ethereum ETFs hit record $40B weekly trading volume
Spot Bitcoin and Ethereum ETFs hit record $40B weekly trading volume

Share link:In this post: US-based spot crypto ETFs saw $40 billion in trading volume for the first time ever. Ether ETFs are on a roll, with the products beating Bitcoin ETFs in net inflows for five consecutive days. Bitcoin and ETH had impressive price movements during the week, although price correction has now set in.

Cryptopolitan·2025/08/16 17:05
Flash
03:38
Japanese and South Korean stock markets both turn downward
Golden Ten Data reported on June 19 that South Korea's KOSPI index fell below 9,000 points, dropping 0.73% intraday, after having previously risen more than 3%.
03:35
Abu Dhabi National Oil Company announces the resumption of crude oil loading at Persian Gulf ports
(1) Abu Dhabi National Oil Company (ADNOC) stated in a notice sent to clients that crude oil loading from inner ports in the Persian Gulf has resumed. Several consignees have confirmed this information. (2) The company stated that, starting from April 27, cargoes can be loaded at Das Island and Zirku Island ports in the Persian Gulf. Given the recent agreement between the US and Iran and expectations of unhindered traffic through the Strait of Hormuz, the company anticipates all cargoes will be executed according to the published loading schedule. (3) The notice emphasizes that failure by buyers to take delivery will constitute a breach; at the same time, if buyers are unable to arrange their own oil tankers, ADNOC can provide its own or related vessels to assist, and as stipulated, buyers who do not receive the goods will be required to pay compensation to the seller.
03:31
Goldman Sachs lowers year-end gold target by $500, to $4,900 per ounce
Goldman Sachs lowered its year-end gold target price by $500 to $4,900 per ounce, as it expects the Federal Reserve will not cut interest rates this year.
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