--- title: "Golden Web3.0 Daily Report | Report Warns of Serious Financial Black Hole at OpenAI" type: "News" locale: "en" url: "https://longbridge.com/en/news/293225073.md" description: "Analyst Ed Zitron warns OpenAI faces a $38.53 billion net loss in 2025, citing a massive financial black hole that could trigger an AI bubble burst and chain reactions for partners like NVIDIA and SoftBank. Meanwhile, HSBC notes global trade growth is tied to the AI cycle. In other news, IREN raised its AI cloud revenue target, Qwen released a new speech model, and RoboSense partnered with Origen on physical AI." datetime: "2026-07-20T13:51:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293225073.md) - [en](https://longbridge.com/en/news/293225073.md) - [zh-HK](https://longbridge.com/zh-HK/news/293225073.md) generator: "portal-rs" --- # Golden Web3.0 Daily Report | Report Warns of Serious Financial Black Hole at OpenAI ## **DeFi data** **1\. Total market value of DeFi tokens: 66.8.42 billion US dollars** **** DeFi Total Market Cap Data Source: coingecko **2\. Trading volume of decentralized exchanges in the past 24 hours: $27.89** **** **** Trading volume of decentralized exchanges in the past 24 hours. Data source: coingecko **3\. Assets locked in DeFi: $752.43 billion$100 million** **** Top 10 DeFi Projects by Locked Assets and Total Value Locked. Data Source: defillama ## **NFT Data** **1\. Total Market Value of NFTs: $5.812 Billion** ****2.24 hours NFT transaction volume 1.047 billion US dollars**** **** **** Toutiao **Report Warns of Serious Financial Black Hole at OpenAI: Potentially Triggering a Chain Reaction to AI Collapse** On July 20th, according to Fast Technology, while AI investment is booming globally, renowned analyst Ed Zitron recently issued a warning, pointing out that AI leader OpenAI has a heavy debt burden. If it declares bankruptcy, it will trigger a series of chain reactions, even becoming the fuse for the bursting of the AI ​​bubble. Ed Zitron and the Financial Times jointly verified OpenAI's 2025 audited financial statements, showing that OpenAI's total revenue in 2025 increased significantly from $3.7 billion in the previous year to $13.07 billion, but its total costs and expenses reached $34 billion, resulting in an operating loss of approximately $21 billion for the year. After accounting for a massive one-time non-cash charge related to its transformation from a non-profit to a for-profit entity (estimated by various sources to be between $30 billion and $41.6 billion), OpenAI's final net loss for 2025 will reach a staggering $38.53 billion. OpenAI is one of NVIDIA's largest buyers of data center GPUs and a core customer of cloud service providers such as Oracle and CoreWeave. SoftBank has committed tens of billions of dollars in investment to OpenAI. If OpenAI is unable to pay its infrastructure partners on time, the impact will immediately affect these companies. Zitron further points out that once the AI ​​investment boom subsides, memory demand will decrease significantly. The current shortage of HBM is largely driven by the huge demand for AI training and inference. Memory giants such as Samsung, SK Hynix, Micron, and SanDisk have all shifted their production capacity towards HBM, crowding out the capacity of traditional DRAM and NAND flash memory. If OpenAI reduces its computing power investment or stops expanding, the decline in GPU demand will directly translate to HBM, and memory chips may no longer be in short supply. These giants will be exposed for what they are, and the entire industry landscape will face a reshuffling. ## AI Hot Topics **1\. IREN Raises Year-End Recurring Revenue Target for AI Cloud from $3.7 Billion to Over $4 Billion** On July 20, AI cloud infrastructure service provider IREN raised its year-end revenue target for artificial intelligence cloud from $3.7 billion to over $4 billion. 2. Qianwen Releases Large-Scale Speech Synthesis Model Qwen-Audio-3.0-TTS On July 20th, Qianwen officially released its large-scale speech synthesis model, Qwen-Audio-3.0-TTS, supporting free-style natural language command control. It includes a Flash version for real-time interaction (with a 300ms latency for the first package) and a Plus version for high-quality generation. 3. HSBC: Global Trade Growth May Slow Down if AI Cycle Cools Down On July 20th, HSBC economists stated in a report that global trade growth may slow if AI-related demand weakens. They pointed out that global trade remains closely linked to the AI ​​cycle, with related goods driving 80% of global export growth in nominal value. These goods account for approximately 80% of Taiwan's total exports and 27% of the United States' total imports. They pointed out that exports excluding technology products were relatively weak, and export growth in other categories has been essentially stagnant since 2024. Furthermore, AI is also supporting the growth of service trade. However, they believe that based on capital expenditure forecasts from major global hyperscale cloud service providers, even if AI investment growth slows next year, this AI boom is still expected to continue for some time. **4\. Shanghai Key Artificial Intelligence Project Signing Ceremony Held** At the closing ceremony of the 2026 World Artificial Intelligence Conference held on July 20, the Shanghai Key Artificial Intelligence Project Signing Ceremony was held, with 32 projects reaching cooperation agreements, totaling 40.9 billion yuan. ... **5\. RoboSense and Origen Reach Strategic Partnership to Accelerate the Global Deployment of Physical AI** On July 20th, during the 2026 World Artificial Intelligence Conference (WAIC), RoboSense and Origen, an AI-native technology company based in the UAE, officially reached a strategic partnership. The two companies will combine RoboSense's strengths in 3D perception technology and large-scale mass production with Origen's resources in AI-native solutions and the Middle Eastern market to collaborate on embodied intelligence, spatial intelligence, and AI system applications, jointly promoting the construction of the physical AI ecosystem. As a robotics platform company focused on physical AI, RoboSense continuously leverages its self-developed core chips, digital perception product matrix, and large-scale mass production capabilities to provide robots with the core components and infrastructure needed to enter the real world. This collaboration further expands RoboSense's global ecosystem cooperation network, accelerates the large-scale application of robots and AI systems in smart cities, intelligent manufacturing, and other scenarios, and continuously promotes the global industrial deployment of physical AI technology. ## DeFi Hot Topics **1\. Grayscale Plans Quarterly Dividends to ETHE and GSOL Shareholders Using Staking Proceeds** On July 20th, according to Cointelegraph, Grayscale plans to use net ETH and SOL staking proceeds to distribute quarterly dividends to ETHE and GSOL shareholders. **2\. Allbridge Core Suffers Attack on Solana Chain, Losses Exceed $1.1 Million** On July 20th, according to Onchain Lens monitoring, Allbridge Core suffered an attack on Solana, resulting in losses exceeding $1.1 million. The attack process was as follows: The attacker first initiated a flash loan of 1.12 million USDC from Kamino, then manipulated the exchange rate of the Allbridge stablecoin pool by rapidly conducting USDC/USDT swap transactions. Using the manipulated price, they withdrew liquidity and repaid the flash loan in the same transaction, ultimately profiting approximately $1.1 million. The funds were then transferred through a privacy protocol via coin mixing. In this attack, the largest single USDC withdrawal from Allbridge reached $2.24 million. **3\. Approximately 63% of addresses among the top 50 memecoin traders on Robinhood are in a loss-making state** On July 20th, according to Bubblemaps statistics, the top 50 memecoins on the Robinhood platform involved approximately 164,500 traders, of whom approximately 63% of accounts were in a loss-making state, and only about 37% were profitable. Bubblemaps also conducted on-chain analysis of the holding distribution of some popular Robinhood memecoins, pointing out that $CASHCAT holdings are relatively dispersed with no obvious whale clusters, while $CASHDOG provides funds to holders through a one-time contract, and $TENDIES distribution is relatively decentralized with no large concentrated addresses. **4\. BANK Foundation Suspected of Transferring 84 Million BANK Tokens to Aster** On July 20th, on-chain data showed that 84 million BANK tokens were transferred from the BANK Foundation Wallet (0xEde6…3B11a) to a new address (0x5721…22Bd8), and subsequently, this address transferred the tokens to an Aster deposit address (0x1284…87974). Market data shows that the price of BANK tokens has surged in the past few days, increasing more than 3 times, and is currently trading at approximately $0.16. ... 5. Loomis: If something is truly decentralized, it shouldn't be regulated like a bank. On July 19th, Senator Loomis stated, "If something is truly decentralized, it shouldn't be regulated like a bank." "Clarifying this distinction has taken years of effort, and we finally have the opportunity to legislate it. Let's pass the Clarity Act." Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. 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