Bitcoin rose nearly 25% over the past week, and when it traded around $64,000 on Tuesday, a single day saw $1.3 billion in short liquidations. Another $1 billion in shorts were liquidated over the following 48 hours, bringing the week’s total to $4.5 billion. Meanwhile, Hyperliquid posted more than $633 billion in combined spot and perpetuals volume in the first quarter, more than six times its total in the second quarter of 2024.

OpenAI CFO Sarah Friar said the company could go public earlier than 2027 if its rapid growth continues. OpenAI’s annualized revenue run rate has surpassed $40 billion, about double its level at the end of 2025. She also cited quarter-to-date revenue run-rate growth of 35% and enterprise revenue run-rate growth of 50%. OpenAI’s AI coding and work products have reached 20 million weekly active users.

Brazil’s coffee harvest is accelerating, with Cooxupe reporting 81.1% completed as of Aug 14, up 7 points from the prior week. Safras & Mercado said the Brazil 2026/27 harvest was 90% complete as of August 12, still behind last year and the five-year average. Arabica harvesting was 86%, below 95% a year earlier. ICE arabica and robusta coffee futures both settled lower on Friday.

Shares of Strategy, formerly MicroStrategy, jumped this week alongside Bitcoin’s rally, turning its Bitcoin holdings from an estimated $13 billion loss into a $1.4 billion gain. Bitcoin rebounded more than 20%, climbing from a multimonth low near $63,000 to above $77,000. The company holds about $65 billion worth of Bitcoin, roughly 4% of the circulating supply, with an average cost basis of $75,385. Strategy’s core enterprise software business generated $477 million in revenue last year.

ANZ expects the Bangko Sentral ng Pilipinas to lift its policy rate by 25 basis points to 5.0% at its Aug. 27 meeting to rein in inflation that remains above target. While headline inflation has eased over the past three months, July inflation of 6.2% is still well above the central bank’s 3%–4% goal. The BSP has raised rates twice this year, leaving the benchmark rate at 4.75%.

Four top AI researchers left Alphabet’s Google, and the stock closed down 4.03% at $362.43, wiping about $186 billion off its market value on above-average trading volume. The decline outpaced the broader market, with the Nasdaq Composite down 0.8%, the S&P 500 off 0.2%, and the Dow ending at a record. CEO Sundar Pichai said Google will still act as a “founding investor” in the effort.

Ripple said it has voted in support of a major amendment slated for the XRP Ledger 3.3.0 upgrade. The change is described as a protocol-governance-level technical update, though the report did not detail its contents. The upgrade includes optimizations to ledger functionality and will be activated only after validator voting reaches consensus.

Rocket Lab’s Space Systems revenue more than doubled year over year, lifting the company’s overall backlog to $2.36 billion. The larger backlog is positioned to support continued revenue growth and margin expansion.