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02:22
Initia investors, founders, and team have extended the cliff unlocking period until April 2027.
Foresight News reported that the all-chain Rollup L1 network Initia announced on Twitter that its investors, founders, and team have extended the vesting cliff by one year, now until April 2027. According to the official statement, the team will focus on application development over the next year and will direct value toward the INIT token.
02:19
OpenAI Fails to Meet Sales and User Acquisition Targets
According to Sentinel Beating monitoring, The Wall Street Journal reported that OpenAI has recently failed to meet its self-imposed targets for new user acquisition and sales, raising internal concerns that the company may struggle to sustain its massive spending on artificial intelligence infrastructure. The report cited sources familiar with the matter as saying that, following advancements by competitor Anthropic in programming and the enterprise market, OpenAI fell short of its internal goal for ChatGPT to reach 1 billion weekly active users by the end of 2025. The company has not yet announced this milestone, causing unease among some investors. Additionally, individuals familiar with the relevant data stated that the company is also facing challenges in terms of subscriber churn rate. Chief Financial Officer Sarah Friar expressed concerns in discussions with other company executives that if OpenAI does not ramp up sales quickly enough, it may not be able to afford its future computing needs. In recent months, Friar has also expressed reservations about OpenAI's plan to go public by the end of this year. She emphasized to executives and the board the need for OpenAI to enhance its internal controls and warned that the company is not yet prepared to meet the rigorous disclosure standards required of a public company.
02:13
T Rowe Price submits revised filing for crypto ETF
According to Bloomberg ETF analyst Eric Balchunas, who disclosed on X platform, T Rowe Price has submitted a third amended filing for an actively managed crypto ETF, intending to use the ticker TOKN, with a fee rate of 0.75%. Balchunas pointed out that T Rowe Price is the largest actively managed asset manager to enter this field to date.
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