OpenAI has seen a wave of senior departures, including Denise Dresser, Fidji Simo and Brad Lightcap, adding to leadership turbulence as the company prepares a landmark IPO at an $852 billion valuation. The company appointed former Wiz COO Dali Rajic as chief revenue officer and said July run-rate revenue rose more than 20% month over month, including 32% growth from business customers. OpenAI has confidentially filed its IPO prospectus but has not provided a timeline for the offering. The shake-up is fueling investor concern about governance and stability heading into the public listing.

Reddit will be added to the S&P 500, replacing AvalonBay Communities. J.P. Morgan estimates index funds tracking the benchmark will need to buy about 16.7 million Reddit shares, nearly three times its average daily trading volume. Reddit was indicated at $175.69 in premarket trading, with the stock down more than 31% year to date and off more than 42% from its all-time high. AvalonBay is exiting the index after agreeing to a $69 billion all-stock merger with Equity Residential.

Hyperscale Data said on Aug. 14 it sold around 685 Bitcoin for approximately $43 million. The company said it plans to use the proceeds to continue developing and expanding its Michigan data center, manage debt, and optimize its equity and capital structure, among other strategic initiatives. It added that it still holds approximately 275 Bitcoin. Following the announcement, the stock fell 13.24% to close at $0.0978.

Morgan Stanley increased its stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT) by 23% in the second quarter, ending June with about 16.5 million shares valued at roughly $549 million. The bank also reported 2.57 million shares of its Morgan Stanley Bitcoin Trust worth about $43.3 million, and lifted its position in Fidelity’s Wise Origin Bitcoin Fund by nearly 38%. The changes were detailed in Form 13F filings submitted to the U.S. Securities and Exchange Commission. JPMorgan also boosted its holdings across crypto ETFs over the same period.

U.S. stocks edged lower after July retail sales fell 0.6% month on month, far weaker than expectations for a 0.1% rise, while sales excluding autos and gasoline declined 0.2%. The data fueled concerns about slowing growth and corporate earnings, even as markets pared the implied probability of a September Fed rate hike to 29% from 35%. At the same time, the 10-year Treasury yield rose about 3 basis points, reinforcing investor unease that inflation pressures have not fully faded.

Binance said it will stop processing transactions involving HTX and 10 other cryptocurrency platforms starting Aug. 23 to comply with new regulatory and sanctions-related requirements. HTX was included in the European Union’s 21st sanctions package against Russia adopted in July, alongside transaction restrictions targeting 14 crypto-related service providers. The U.S. Treasury also sanctioned Shelbit and Aban Tether Exchange on Aug. 7 over alleged support for Iran’s sanctions evasion, prompting Binance to restrict related transactions.

AI infrastructure company Cerebras Systems reported 2026 Q2 total revenue of $180 million, missing expectations of $194 million. Adjusted loss narrowed to $0.05 per share versus forecasts for a $0.17 loss, but the company posted a net loss of $450.5 million as stock-based compensation rose to $386.6 million. CBRS shares fell nearly 12% on Thursday following the results.

On Aug. 6, SpaceX’s lockup expired for up to 911.5 million shares, a potential release valued at about $105 billion. That day, the SpaceX-tracking fund SPCX rose 6.14% on volume about 3.4 times its usual level, then added 15.8% in the next session and closed back above its $135 IPO price on Aug. 10. The fund later fell 3.76%, even as insider-trading data show only 17% of companies see insider selling during the unlock window.