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BlockBeats News, October 28, according to Coinglass data, if bitcoin breaks through $118,000, the cumulative short liquidation intensity on major CEXs will reach $1.12 billions. Conversely, if bitcoin falls below $113,000, the cumulative long liquidation intensity on major CEXs will reach $1.112 billions. BlockBeats note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually show the relative importance, or intensity, of each liquidation cluster compared to adjacent clusters. Therefore, the liquidation chart demonstrates the extent to which the underlying price reaching a certain level will be affected. A higher "liquidation bar" indicates that once the price reaches that level, there will be a stronger reaction due to a wave of liquidity.

BlockBeats News, October 28, OpenAI announced on Tuesday that it has completed a capital restructuring, establishing its structure as a nonprofit institution holding a for-profit business. OpenAI stated that its nonprofit entity has now been renamed the OpenAI Foundation and holds equity worth approximately $130 billions in its for-profit division. OpenAI said that its for-profit division has now become a public benefit corporation, named OpenAI Group PBC. Under the new structure, the OpenAI Foundation will hold 26% of the for-profit division's shares, while current and former employees and investors collectively hold 47%. Microsoft has invested in OpenAI since 2019, with a cumulative investment exceeding $13 billions. Microsoft expressed support for this restructuring and stated that its investment in OpenAI Group PBC is now valued at approximately $135 billions, equivalent to 27% of the company's diluted shares.