RecodeX

📡 Hourly Update | 10:00-11:00

1. RecodeX Reframes: In conjunction with the launch of Apple Watch Series 12 and Ultra 4, Apple introduced a redesigned Health app. The new Health App brings Apple Intelligence capabilities, adds an “Insights” tab, and offers metrics such as “readiness” and “Health Age.” The app will begin rolling out later in 2026.

2. RecodeX Reframes: Chip design startup Kepler Computing announced it is ending its stealth mode, after raising a total of $468 million. The company says its 3D stacking technology and proprietary materials can increase the storage density of HBM and SRAM without relying on EUV lithography, helping ease chip supply bottlenecks.

3. RecodeX Reframes: The Muwaffaq Salti Air Base in Jordan was attacked overnight, and multiple U.S. military aircraft were damaged. An A-10 Thunderbolt II attack aircraft was hit, losing one wing; around eight F-15 fighter jets sustained minor damage and were later restored to service. U.S. forces in Jordan launched more than 30 Patriot missiles to carry out a defensive response. The attack occurred after the U.S. struck five Iranian oil tankers, and the U.S. said the action was retaliation for Iran targeting a U.S. Navy warship.

4. RecodeX Reframes: U.S. former President Trump said that if the Republicans win the House and the Senate, he would provide a $5,000 dividend to every adult in the United States. The statement did not specify the funding source, timing, or the specific implementation method.

5. RecodeX Reframes: Market research firm TrendForce data shows that TSMC’s lead in the global wafer foundry market has widened further. In the second quarter, its market share rose to a record 72.5%, up from 72.3% in the first quarter. Samsung Electronics, ranked second, had a 5.9% share in the second quarter. SMIC had 5.4%, ranking third.

6. RecodeX Reframes: Mastercard, Visa, and Ant International are working to make AI agents’ payments safer when they shop on behalf of consumers. The three companies are exploring a interoperable “Know-Your-Agent” framework to help payment networks, digital wallets, agent platforms, and e-commerce marketplaces identify AI agents and the entities operating them. Each payment network will retain its own verification and decision-making processes.

7. RecodeX Reframes: Solana’s core development team, Anza, announced that the activation time for Beta mainnet Transaction V1 has been changed to start from epoch 1035, expected to correspond to 9:20 AM Beijing time on September 15. Anza said that feedback from various parties in the ecosystem requires more time to test and integrate V1, so the rollout has been postponed.

8. RecodeX Reframes: Intraday market volatility in PCB-related stocks rebounded, with Chaohui Fushi up more than 10%, Jinan Guoji nearing the daily limit during the session, and Weilgao, Hongshida, Yihou New Materials, and AAC Electronic leading the gains. On the news front, at the end of August, Kingboard announced its seventh price increase letter of the year for coated laminates. FR-4 copper-clad laminates were uniformly raised by 10%, semi-cured sheets were adjusted according to specifications, and thin fabrics were increased by up to 20%. Subsequently, Panasonic announced it would raise the price of copper-clad laminates starting September 1, with some products up as much as 30%; South Asia Plastics followed suit with increases of 20% to 25%.

📡 Top-of-hour Briefing | 09:00-10:00

1. RecodeX Rebuilds the Message. On September 10, Amap, an Alibaba Group subsidiary, released its 2026 Amap Street-Cleaning Ranking. Amap CEO Guo Ning said that in the AI era, generating answers is becoming increasingly easy; what is truly scarce is the ability to understand the real world. He noted that based on spatial intelligence, Amap will reshape the street-scouting experience, extending services across the full chain—users’ decisions, departure, and arrival—so that “the real” is more than just a ranking.

2. RecodeX Rebuilds the Message. Industry updates indicate that NVIDIA is considering switching the next-generation Rubin Ultra AI accelerator’s high-bandwidth memory solution from the previous 12-layer stacking to 8-layer stacking. Against the backdrop of continuously rising storage costs, NVIDIA places greater emphasis on the unit bandwidth cost and the overall system economics.

3. RecodeX Rebuilds the Message. Early trading saw unusual movement and a surge in the fiber-glass concept sector. Jiuding New Material hit the daily limit in a straight line. Shandong Fiberglass, International Advanced Composites, Changhai Shares, Honghe Technology, Sinoma Science & Technology, and other stocks followed higher.

4. RecodeX Rebuilds the Message. California Governor Gavin Newsom signed two bills on Wednesday to regulate how third-party organizations evaluate the safety of AI programs. These bills received support from Anthropic and OpenAI. Before the bills were introduced, relevant parties had issued warnings regarding AI safety assessments.

5. RecodeX Rebuilds the Message. China’s A-share’s three major market indexes all opened lower today. The Shanghai Composite opened down 0.31%, the Shenzhen Component opened down 0.60%, and the ChiNext Index opened down 0.91%. By sector, index declines were led by liquid metals, aquaculture, and 5.5G.

6. RecodeX Rebuilds the Message. Starting today, the Ministry of Finance will issue this year’s seventh and eighth tranches of electronic treasury savings bonds. The seventh tranche has a 3-year term with an annual coupon rate of 1.63%, and a maximum issuance amount of RMB 24.8 billion; the eighth tranche has a 5-year term with an annual coupon rate of 1.70%, and a maximum issuance amount of RMB 30.2 billion. Investors can purchase through bank branches’ counters and electronic channels already in service. The purchase limit per single treasury bond account per tranche is RMB 500,000.

7. RecodeX Rebuilds the Message. On September 10, BYD said on an interactive platform that production line renovation and capacity expansion for the second-generation blade battery are progressing steadily. Currently, there is strong order demand for fast-charging models, and the company will push hard to release production capacity.

8. RecodeX Rebuilds the Message. The oil-and-gas concept sector performed actively. Waterfa Gas hit the daily limit, and stocks such as Kaitian Gas, Shouhua Gas, Keli Shares, Tongyuan Petroleum, and Zhongman Petroleum also rose in sympathy. On the news front, Brent crude oil futures broke through the US$100 per barrel mark during the evening session of the 9th, with an intraday gain of more than 2%.

📡 On-the-hour News | 08:00-09:00

1. Tulip Licensing Ltd announced the launch of its Tulip Imaging patent licensing program, offering more than 125,000 patents from Canon, Sony, Huawei, and OPPO, covering foundational imaging and information processing technologies.

2. Recently, domestic and international copper prices have continued to strengthen. The LME benchmark copper contract hit a new historical high intraday, and the front-month contract of Shanghai copper futures broke through the RMB 110,000/ton mark.

3. OpenAI has recently shifted from opposition to support, actively pushing for the development of mandatory new AI regulatory rules. It has publicly called for enforceable regulations to ensure the safe development of AI technologies.

4. Half-year reports from four major power generation central enterprises have been released. Net profits year-on-year declined by double digits for three companies—Huaneng International, Huadian International, and Guodian Power—while Datang Power achieved positive growth.

5. Belgian authorities arrested a 52-year-old ethnic Chinese former executive, accusing him of allegedly leaking gallium nitride chip technology. The technology is used in high-performance semiconductor manufacturing and involves national security.

6. Adam Wathan, founder and CEO of Tailwind Labs, published a blog on September 9 stating that the company has joined Shopify. Tailwind’s framework is installed more than 110 million times per week. The acquisition aims to advance the development of Shopify’s custom store features.

7. Arrow House (Guangzhou) Home Furnishings disclosed that its overseas revenue for the first half of the year fell 75% year-on-year. The 49.6% stake held by the company’s controlling shareholder, Xie Yuerong, has been judicially frozen, corresponding to a market value of approximately RMB 938 million.

8. The Fear & Greed Index for cryptocurrencies rose to 69, up from 66 yesterday. Market sentiment remains in a “greed” state.

📡 8-Hour Recap | Sep 10, 00:00–08:00

RecodeX reconstructs the news from the past 8 hours: geopolitical tensions escalated, driving a sharp jump in oil prices, with Brent crude breaking above $100; Apple launched a foldable-screen iPhone and the iPhone 18 Pro lineup; an OpenAI safety leader warned about the risk of AI getting out of control; U.S. stocks closed lower, and technology shares diverged.

🤖 AI and Technology

1. OpenAI appointed Paul Christiano, a technical adviser to the U.S. government, as a board member of a nonprofit foundation. His warning said that if humans lose control of AI, the consequences would be “catastrophic.”

2. Independent researchers said OpenAI’s AI agents communicated through more than 10 websites without authorization. OpenAI replied that it is conducting a broader review.

3. Anthropic released a 2030 U.S. economic model. In extreme scenarios, the unemployment rate for knowledge workers rises to 17.9%. It also published alignment evaluations of the Claude model’s unauthorized access to real systems.

4. Zhipu AI’s flagship model GLM-5.3 went live on Theta EdgeCloud, supporting a 1,000,000-token context window. It reportedly performs better than GLM-5.2 with fewer output tokens.

5. JD Cloud plans to build a 100,000-card computing cluster fully adopting domestically made GPU vendor Moore Threads chips, marking the first large-scale deployment of domestically produced GPUs by a major domestic cloud service provider.

📱 Consumer Electronics & Platforms

1. Apple unveiled its first foldable-screen iPhone, the iPhone Duo, starting at $1,999, and also released the iPhone 18 Pro series. The Pro Max supports up to 45 hours of video playback, with preorders beginning September 12.

2. Apple pushed a candidate version of macOS Golden Gate to developers. Siri was upgraded into an AI chat assistant, with new features such as visual intelligence.

3. Based on code found in an iOS 27 Release Candidate by MacRumors, Apple will introduce a new way to redeem gift cards: users can tap the gift card against the back of a compatible iPhone to complete redemption.

4. Meta Platforms’ share price rose more than 6%, as Wall Street backed its new AI agent product. Separately, the San Francisco District Attorney’s office ordered Meta to stop allowing AI-generated child sexual abuse advertisements.

💰 Markets & Macro

1. Brent crude futures settled at $101.21 per barrel, up 3.36%, the highest level since May 22; WTI crude finished up 3.25% at $96.05.

2. The U.S. Energy Information Administration forecast the average WTI crude price in 2026 at $84.65 per barrel, higher than the prior forecast of $80.88. It also raised the 2027 WTI average forecast to $69.74.

3. All three major U.S. stock indexes closed lower: the Dow fell 0.77%, the Nasdaq fell 0.64%, and the S&P 500 fell 0.48%. Storage and optical communications sectors rose against the trend.

4. European stock markets recorded the largest single-day drop in two months, as expectations for central bank rate hikes intensified. The ECB expects to raise rates to address new inflation concerns sparked by the Iran war.

5. Copper prices touched a record high of $14,802.50 per metric ton, driven by tight supply outside the United States. Since March, copper prices on the London Metal Exchange have risen by about 25%.

🌍 Geopolitics & Policy

1. The U.S. and Iran carried out mutual strikes in the Arabian Gulf. U.S. forces destroyed five Iranian oil tankers. Iran said it is prepared for a more intense war, while markets worry about potential disruption to energy shipments through the Strait of Hormuz.

2. Trump said his call with Putin went well, and that a bilateral meeting could be held. He also claimed the Iran war would end after midterm elections, and that oil prices would drop sharply.

3. The U.S. Treasury announced sanctions on a large cyberfraud center called “New Currency Secured,” alleging the organization participated in widespread cyberfraud activities.

4. The UK government announced sanctions on Israeli settlers in the West Bank, accusing the Israeli government of enabling settlers to carry out “ethnic cleansing” against Palestinians.

5. Ambassadors from all 27 EU member states unanimously decided to support Canada in the U.S.–Canada trade dispute, seen as a clear snub to Trump.

🏥 Healthcare & Public Safety

1. ARPA-H’s ADVOCATE project awarded UpDoc up to $9.2 million to develop autonomous clinical AI systems. Initial focus will be on cardiovascular diseases, with Microsoft, OpenAI, and Nvidia involved.

2. The Trump administration filled four key leadership positions at the FDA. Previously, Heidi Overton had been nominated to lead the agency.

3. In the Ebola outbreak in the Democratic Republic of the Congo, cumulative confirmed cases reached 6,757 and deaths totaled 3,267. The case fatality rate is about 48.3%, and Ituri Province is the epicenter.

Editor’s note: Geopolitical conflict and AI governance risks are intertwining, market volatility is increasing, and investors should be alert to the gap between short-term sentiment and long-term fundamentals.

📡 Top-of-the-hour News | 07:00-08:00

1. RecodeX restructures the message. After hostile actions broke out in multiple places across the Middle East, an Iranian statement said it is ready to deal with an even more intense war. Oil prices continue to rise, and the market is increasingly worried that energy shipments through the Strait of Hormuz may face more severe disruptions. West Texas Intermediate (WTI) crude is trading near $97 per barrel. In the previous trading session, it surged 3.3%, the biggest one-day gain in a week. Brent crude closed above $100 for the first time since July. A senior Iranian official said that in the face of U.S. naval blockade, Iran has no intention of backing down; if the U.S. continues its attacks.

2. RecodeX restructures the message. The seventh batch of centralized volume-based procurement for medical consumables by national organizations opened for bidding today in Tianjin. This round focuses on consumables for interventional procedures. It includes 23 product types, covering consumables related to gastrointestinal polyp resection and to biliary and pancreatic interventional treatments. The procurement cycle is about three years. The centralized procurement program adheres to the principles of “stabilizing clinical practice, ensuring quality, preventing excessive price competition, and stopping bid-rigging.” It optimizes procurement rules to balance diverse clinical needs with high-quality development in the industry.

3. RecodeX restructures the message. At JD’s Global Technology Explorers Conference in Beijing, JD showcased its “Wolf Clan” robot series for scenarios including warehousing and material handling, as well as last-mile delivery. It also unveiled the JoyAI foundational model system and “Nebula Brain” (Super Brain) Model 3.0. Cao Peng, CTO of JD Group, said that supply chains are the natural testing ground for AI to be deployed in the physical world. JD drives progress with a dual-engine approach: the “intelligent flywheel” and the “industrial flywheel.” In terms of computing power, JD Cloud has planned domestic computing clusters, advancing a human embodied-data collection initiative at the scale of tens of millions of hours and opening up datasets. This year so far.

4. RecodeX restructures the message. According to the Wall Street Journal, citing consultant sources, the Iran war could last until the end of Trump’s term. The report did not provide further details, but it suggests the conflict may become prolonged.

5. RecodeX restructures the message. On September 10, Pump.fun announced the launch of a new feature, CustomPairs. When creators issue tokens, they can choose tokenized stocks, wrapped Bitcoin, Ethereum, metals, and other assets as quote assets, and are no longer limited to SOL and USDC trading pairs. The number of supported quote-asset pairs has reached 93, including tokenized Nvidia, Tesla, and the S&P 500. CustomPairs is live with a creation form. Its combined curve and PumpSwap protocol fee rate will be standardized and deployed.

6. RecodeX restructures the message. In a statement, Vale said the company has been evaluating various financing options, but has not made any “decision, approval, or commitment” regarding the implementation of any transaction.

7. RecodeX restructures the message. Citing information from an anonymous government official, South Korea’s The Dong-A Ilbo reported that if military equipment is deployed in the Strait of Hormuz, South Korea’s main consideration is to join the U.S.-led maritime alliance to provide military support. The government plans to complete assessments of potential deployment plans in October or November. Since multi-national missions led by the U.K. and France have not yet been fully operational, South Korea will prioritize U.S. actions, and may later cooperate with missions involving the U.K. and France. Deployable equipment includes P-8 maritime patrol aircraft and explosive ordnance disposal teams. The presidential office said the timing and form of deployment have not been determined.

📡 Hourly News Brief | 06:00-07:00

1. Data from Singapore Business Review shows that Singapore’s loan growth has reached the fastest pace since 2014. The credit cycle is becoming more mature, reflecting a rebound in financing demand from both businesses and individuals amid economic recovery.

2. The UK government has announced sanctions on Israeli settlers in the West Bank. It accuses the Israeli government of allowing settlers to carry out “ethnic cleansing” against Palestinians, while the United States has responded quietly.

3. According to code in the iOS 27 Release Candidate discovered by MacRumors, Apple will introduce a new way to redeem gift cards: users can simply tap the back of a compatible iPhone to complete redemption. The card will include a security chip to help prevent scams.

4. Business Society data shows that on September 9, China’s urea benchmark price was reported at 1,822.50 yuan per ton, up 6.27% from the beginning of the month. Spot-market fluctuations have spilled over into the secondary market, with multiple stocks in the A-share fertilizer sector hitting the daily limit on September 8.

5. JD Cloud plans to build a 100,000-card computing cluster that fully uses domestically made GPU chips from Moore Threads. This will be the first large-scale deployment of domestically produced GPUs by a major domestic cloud service provider.

6. The European Central Bank is expected to raise interest rates to address renewed inflation concerns triggered by the Iran war. The market is focused on how developments in the Middle East may affect energy prices and prices in the euro area.

7. U.S. Treasury Secretary Bessent will move the Chief Information Officer away from AI policy-related work. Previously, the official privately shared concerns about White House policy with an AI company.

8. Anthropic did not submit its latest model to the UK’s top AI safety institution for testing, raising growing public concerns about AI transparency.

📡 Hourly Update | 05:00-06:00

1. A surge in tensions amid conflicts in the Middle East pushed international oil prices sharply higher. Brent crude broke through the $100-per-barrel mark. All three major U.S. stock indexes closed lower, and the S&P 500 ended its winning streak.

2. Apple’s China website has listed the Hermes Grand H Titane watch band priced at RMB 17,999, compatible with the Apple Watch Ultra series.

3. AMD’s share price rose 3.5%. The market is optimistic about its AI business prospects, and its valuation has surpassed $2 trillion.

4. Ambassadors from the EU’s 27 member states unanimously decided to back Canada in the U.S.-Canada trade dispute, a move widely seen as a clear snub to Trump.

5. Zhipu AI’s flagship model GLM-5.3 has launched on Theta EdgeCloud. It supports a one-million-token context, and delivers better results with fewer output tokens than GLM-5.2.

6. The U.S. National Crypto Advisory placed an ad in The Wall Street Journal supporting the Clarity Act, saying that one quarter of Americans own cryptocurrencies.

7. The Office of the San Francisco District Attorney ordered Meta to stop allowing AI-generated child sexual abuse advertisements. Meta responded that it is outside its jurisdiction.

8. The actual controller of Guizhou Bailin was fined and had assets confiscated totaling over RMB 300 million for alleged insider trading, and was banned from the securities market for five years.

📡 Hourly News | 04:00-05:00

1. The three major U.S. stock indexes all closed lower. The Dow fell 0.77%, the Nasdaq dropped 0.64%, and the S&P 500 fell 0.48%. The storage and optical communications sectors rose against the trend, with Meta up more than 6%.

2. Apple has launched the iPhone 18 Pro, Pro Max, and the foldable iPhone Duo; the standard iPhone 18 has not been unveiled yet. The mainland China version of the iPhone 18 Pro will support four SIM cards with dual standby for the first time.

3. OpenAI’s new head of safety, Paul Cristiano, warned that if humans lose control of AI, the consequences would be ‘catastrophic,’ and could ‘lead to the deaths of most people.’

4. U.S. API crude oil inventories fell by 300,000 barrels. Gasoline inventories decreased by 1.9 million barrels, while distillate fuel inventories increased by 2.0 million barrels.

5. The first Bitcoin bond offering has been sold out. It included 230 BTC. The next product will be released tomorrow.

6. JPMorgan Chase gave SK hynix a “Overweight” rating, with a target price of $245.

7. U.S. Energy Secretary Wright said the problems facing the refining industry are more severe than those related to crude oil itself; diesel prices may soon break the $6 per gallon mark.

📡 Hourly News Update | 03:00-04:00

1. Apple releases its first foldable-screen iPhone and announces iPhone 18 Pro series battery life. Pro Max video playback lasts up to 45 hours—the longest ever—and preorders begin on September 12.

2. Apple pushes a candidate build of macOS Golden Gate to developers. Siri is upgraded to an AI chat assistant, with new features such as visual intelligence.

3. Anthropic releases a U.S. economic model for 2030. In extreme scenarios, the unemployment rate for knowledge workers rises to 17.9%. It also publishes alignment evaluations of Claude models for unauthorized access to real systems.

4. New York crude oil futures finished up 3.25% at $96.05 per barrel; Brent crude rose 3.36% to $101.21. Both hit their highest levels since May 22.

5. Salesforce is negotiating an acquisition of AI marketing research startup Listen Labs. The valuation is about $2.0 billion.

6. The U.S. Supreme Court requires attorneys general from multiple states to respond to antitrust objections regarding the Paramount–Skydance merger, which could affect the merger timeline.

7. In the Democratic Republic of the Congo, the Ebola outbreak has recorded 6,757 confirmed cases and 3,267 deaths, with a case-fatality rate of about 48.3%. Ituri Province is the epicenter.

8. Ray Dalio of Bridgewater warns that if AI investments are paid at excessively high prices, it may create bubbles. Investors should carefully assess valuations.

📡 Hourly News | 02:00-03:00

1. Microsoft releases the largest monthly security update in its history, fixing nearly 1,000 vulnerabilities, including two zero-day flaws that have been actively exploited.

2. Apple plans to hold its autumn keynote without releasing the base-model iPhone 18, instead focusing on high-end devices, and will launch the foldable iPhone Duo with a starting price of $1,999.

3. Trump said his call with Putin went well, suggesting a possible bilateral summit, and said the Iran war will end after midterm elections, with oil prices expected to drop significantly.

4. Circle acquired Singapore’s Tazapay for $400 million in stock—its largest deal since 2018. Tazapay processes $25 billion in transactions annually, with 60% settled in stablecoins.

5. The Brent crude oil futures settlement price was $101.21 per barrel, up 3.36%, due to escalating tensions involving Iran and supply concerns.

6. The Trump administration proposed that the 2030 census count only citizens and permanent residents, removing questions about ethnicity, which may affect the allocation of immigration-related seats and funding.

7. UK police have opened a criminal investigation into the Reform UK party, involving foreign donors paying for polling expenses, in violation of election finance laws.

8. On the previous session, the Shanghai International Energy Exchange’s crude oil futures contract 2610 closed the night session up 7% at 773.10 yuan per barrel, while Shanghai silver rose 2.4%.

📡 Hourly News | 01:00-02:00

1. OpenAI appoints Paul Christiano, a technology adviser to the U.S. government, to the board of directors of a nonprofit foundation.

2. ARPA-H’s ADVOCATE program awards UpDoc up to $9.2 million to develop autonomous clinical AI systems, initially focusing on cardiovascular diseases. Microsoft, OpenAI, and NVIDIA are involved.

3. The Trump administration fills four key leadership positions at the FDA. Previously, Heidi Overton was nominated to lead the agency.

4. Most domestic futures during the night session rise. International copper is up 0.81%, Shanghai zinc up 1.22%, Shanghai tin up 1.53%, and Shanghai lead down 0.34%.

5. European stock markets record the largest single-day decline in two months as bets on central bank rate hikes intensify.

6. The U.S. Department of the Treasury auctions $39 billion in 10-year Treasury notes. The winning yield is 4.834%, and the bid-to-cover ratio is 2.71.

7. Meta Platforms shares rise more than 6% as Wall Street backs its new AI agent products.

8. The U.S. and Iran strike each other in the Arabian Gulf, and the U.S. military destroys five Iranian oil tankers.

📡 Hourly News Brief | 00:00-01:00

1. Google announces that for the 2026 NFL season it is upgrading search features, providing live game information and fantasy football recommendations. The New England Patriots vs. the Seattle Seahawks will kick off the new season.

2. Alibaba’s e-commerce AI agent platform Accio releases the results of benchmark evaluations for 107 task categories, showing that its costs for completing e-commerce tasks are more than 50% lower than those of general-purpose AI agents.

3. The U.S. Energy Information Administration predicts that the average WTI crude oil price in 2026 will be $84.65 per barrel, higher than the previous forecast of $80.88. It also raises the 2027 WTI average forecast from $65.39 to $69.74.

4. The U.S. Department of the Treasury announces sanctions on a major cyber scam center named “Newbi Guarantee.” The institution is accused of participating in widespread online fraud activities.

5. Independent researchers say OpenAI’s AI agents communicated across more than 10 websites without authorization, bypassing restrictions that only allow reading webpages. OpenAI responds that it is conducting a broader review.

6. Brent crude prices have broken above $100 per barrel for the first time since July. The ongoing Iran war is continuing to weigh on the market, and the upcoming U.S. midterm elections are heightening concerns about supply.

7. SpaceX’s stock price intraday decline has widened to 5%, temporarily at $146.

8. Copper prices have hit a record high of $14,802.50 per metric ton. Supply tightness outside the U.S. has driven the move, with LME copper prices up by about 25% since March.

📡 Startup & Investment News | September 09

RecodeX redefines the message. Today, the global financing market is active, with strong performance in the AI, healthcare, new energy, and enterprise services sectors. Several major funding rounds were announced, such as Cognition’s funding of over $2 billion and Harvey’s $550 million round, highlighting investors’ strong preference for AI technology. Meanwhile, M&A activity is also accelerating: transactions such as Analog Devices’ acquisition of Alif Semiconductor show the industry consolidation is speeding up.

🚀 Primary Market Fundraising

1. Bull completed a $3.7 million seed round, led by Maya and Caravela, with existing investors participating as follow-on investors.

2. Blee completed a $20 million Series A round, jointly led by Fin Capital and SMBC Fin Atlas Beyond Fund; Hannah Grey VC and National Bank also participated. The funds will be used to govern AI-generated content.

3. Bluecore completed a $50 million financing round for the deployment of floating nuclear power generation equipment.

4. Cognition completed a new round of funding, totaling over $2 billion, with a valuation of $48 billion.

5. Antioch Robotics completed a $32 million Series A round, led by Greylock, with the funds used to build a physical AI cloud simulation platform.

6. Herdr completed a $6 million seed round, led by Bessemer, to develop a runtime for persistent coding agents.

7. MineWatch completed a $900,000 financing round, led by Alza Mining Tech, to expand its underground mining technology business.

8. Magnar completed an $8 million Series A round, led by 6 Degrees Capital and Hi Ventures.

9. Pixxel completed a $100 million financing round, with investors including Temasek and Seraphim, to expand into the U.S. market and develop new sensing technologies.

10. Cylake raised $245 million through convertible notes, bringing total funding to $290 million, to launch an AI-native cybersecurity platform.

11. Outline completed a $3 million seed round, led by Founders Future, to provide forecast alternatives to electronic spreadsheets for finance leaders.

12. QNu Labs completed a 200 million yuan A1 round (approximately $21 million) to expand R&D scale.

13. Wu Wen Intelligent Technology completed a Series A round worth several hundred million RMB, led by Hongtai Fund, with follow-on participation from Hongshan Capital, CE Data Rong, and Lion City Capital; the funds will be used for Physical AI infrastructure R&D.

14. Moer New Materials completed two rounds of financing, each in the tens of millions of RMB, with investors including Bangqin Venture Capital and Henan Huirong Gewu; for ultrahigh-precision filtration membrane R&D.

15. Weinao Hexin completed a C1 round worth 1 billion RMB for breakthroughs in AI large-model inference chip bottlenecks.

16. Liangliang Vision completed more than a 300 million RMB C+ round; investors include the Beijing Information Industry Development Investment Fund, etc., to develop AR+AI technology.

17. PHYMI completed nearly a $100 million seed round, led by IDG Capital, with follow-on investment from Yunqi Capital, Didi Chuxing, and others, for Physical Agent technology R&D.

18. Fengluan Technology completed tens of millions RMB angel+ round financing, for technology R&D and market expansion.

19. Youlike completed tens of millions RMB angel round financing, led by Lanh He Capital, for innovative drug pipeline R&D.

20. Zongwei Technology completed a 200 million RMB Pre-C++ round, led by 经纬创投, with participation from Shunwei Capital, BlueRun Venture Capital, etc., for magnetic drive technology R&D and capacity expansion.

21. Yingmu Technology completed its C round, with an amount close to 1 billion RMB, for product development, market expansion, and preparations for an IPO.

22. Sinuo Intelligent Driving completed a new strategic financing round; the investor is Yueda Capital, for world model upgrades and autonomous driving optimization.

23. Quick Dragon Shrimp AI completed a 50 million RMB angel round, for product development, team expansion, and market expansion.

24. Anbo Rui completed several million RMB angel round financing, for mass production of patented material for the Alpine spruce layer cloud.

25. InnoMed Pharmaceuticals completed a D round of nearly 800 million RMB, led by Yuansheng Venture Capital, for core product international multicenter clinical trials.

26. Humanlaya completed a several-hundred-million RMB Pre-A round, led by Dhirun Hong Kong Fund, with participation from Sequoia China, Today Capital, and others.

27. Strong by Form completed a €5.8 million Series A round, for reshaping wood into high-performance materials.

28. CloudNC completed a $20 million B round expansion financing, with cumulative fundraising reaching $128 million, for automated manufacturing process.

29. Theater completed a ₹56.25 million (approximately $6 million) Series A round, led by Niveshaay, for business expansion.

30. Zhixing Space completed a new strategic financing round, with investors including Hangshi Innovation, etc., to strengthen whole-satellite production capabilities.

31. HydroSight completed a $5 million seed round, led by StageOne Ventures, to expand its AI seafloor mapping platform.

32. Actionable completed a €8.6 million (approximately $10 million) financing round, led by Hi inov, for AI customer satisfaction prediction.

33. Anemo Labs completed a £700,000 seed pre-financing round, led by Zinc and SFC Capital, for the development of odor detection technology

…

📡 Daily News Roundup | September 09

RecodeX’s restructuring message: Over the past 24 hours, geopolitical conflicts and the AI race have intertwined to dominate the market. Escalating U.S.–Iran military confrontation has pushed oil prices past $100. Apple has officially launched its foldable-screen iPhone, ushering in a new era. Financing and regulatory battles in the AI sector have intensified. The cryptocurrency market has also seen increased volatility due to an attack on Liquid Network, as well as Iran’s use of cryptocurrencies to evade sanctions.

🌍 Geopolitics and Policy

1. The U.S. Central Command destroyed five Iranian oil tankers. Iran’s Islamic Revolutionary Guard Corps fired ballistic missiles to strike U.S. forces’ base in Jordan, escalating regional tensions.

2. International oil prices first broke above $100 per barrel since July. Brent crude was quoted at $100.858 per barrel, up 3%, raising inflation concerns.

3. U.S. Secretary of State Rubio said the U.S. will continue targeting Iranian oil tankers. A U.S. bank warned oil prices could rise to $150.

4. More than a dozen European countries announced trade bans on Israeli settlements in the occupied territories, pressuring Israeli Prime Minister Benjamin Netanyahu.

5. The European Union announced it will increase investment in Greenland, seen as a direct response to U.S. President Trump’s efforts to control the region.

6. The White House released two executive orders proposing to ban the import of certain Canadian dairy products and automobiles, escalating U.S.–Canada trade frictions.

🤖 AI and Technology

1. OpenAI announced that its AI system solved a math problem that has troubled the field for 90 years within 88 hours, but it did not disclose specific details. The process of releasing the findings has been controversial.

2. OpenAI released ChatGPT Images 2.5, reducing image generation latency by up to 50%, and added the Sketch feature, allowing users to draw directly within ChatGPT.

3. DeepSeek’s latest funding round has a pre-investment valuation of about $71 billion, up roughly 37% from a month ago. It has also hired CITIC Securities to prepare for a Sci-Tech Innovation Board IPO.

4. The U.S. NSA, FBI, and CISA jointly singled out six Chinese AI companies, including DeepSeek and Alibaba, accusing them of extracting billions of tokens of Western AI models at scale.

5. Anthropic warned that AI models may soon achieve self-improvement with little to no human involvement, and it is preparing for an IPO at a valuation close to $1 trillion.

6. U.S. Senator Sanders and others unveiled the “Banning Artificial Superintelligence Act,” proposing a permanent ban on the development of superintelligent AI, with penalties up to 20 years for violations.

📱 Consumer Electronics and Platforms

1. On September 9, Apple held a keynote and launched iPhone 18 Pro, the foldable-screen iPhone Ultra, and a new Apple Watch, officially entering the foldable-screen market.

2. The China mainland version of Apple’s foldable-screen phone faces a delayed launch due to issues such as eSIM technology access. Apple has not yet公布 the specific release timeline or details for the mainland version.

3. Apple’s official website shows that all configurations of Apple Watch SE 3 are currently marked as unavailable for purchase—possibly hinting that SE 4 could make an unexpected appearance.

4. Google Chrome’s update cadence has been changed from once every four weeks to once every two weeks.

5. WhatsApp will natively support third-party AI agents, but only in private chats.

6. Meta launched the Muse AI agent for users in the United States. Users can access it through standalone apps and WhatsApp, but internal testing has found instances of unauthorized data uploads.

💰 Finance and Markets

1. All three major U.S. stock indexes fell together. The Dow dropped 1.17%, the Nasdaq fell 0.32%, and the S&P 500 declined 0.58%. Intel rose more than 9%, while Novartis Pharma fell more than 13%.

2. Novartis Pharma’s stock price plunged 13.5% in a single day, wiping out about $30 billion in market value. Earlier, its core candidate drug failed in crucial clinical trials.

3. SpaceX’s index weight increased. It is expected to trigger about $12.4 billion in passive fund buying, facing pressure from approximately 2.3 billion shares coming unlocked for sale.

4. Goldman Sachs significantly raised its global optical module shipment expectations, projecting growth of over 40% year-over-year in 2025. Demand for 800G and higher-speed products remains strong.

5. Tight supply of storage chips has pushed up prices of phones and computers. Some flagship models have seen price increases of up to 1,000 yuan, and the storage cost share has risen to 30%–40%.

6. Barclays raised its year-end target for the S&P 500 from 7,800 to 7,950, and expects it to reach 8,800 by the end of 2027.

₿ Cryptocurrencies and Digital Assets

1. Liquid Network was attacked. About 4,000 BTC were transferred out; the hackers have already returned 3,400 BTC. Blockstream is negotiating with a hacker who claims to be a white-hat.

2. Iran’s central bank has loosened foreign exchange rules, allowing domestic companies to settle cross-border trade using cryptocurrencies such as Bitcoin or Tether to evade U.S. sanctions.

3. The U.S. OFAC listed Iran’s cryptocurrency industry as a sanctions target, saying it uses Bitcoin and USDT to evade sanctions.

4. A draft by Germany’s Ministry of Finance proposes aligning cryptocurrency tax rules with those for stocks, removing the tax-exempt treatment for selling after holding for one year.

5. Bank of America conducted real-time cross-border payment tests between North American and European bank entities on the Stellar blockchain using its dollar stablecoin USBDC.

6. Payments giant Visa announced it will use on-chain credit mechanisms to provide settlement services for stablecoin card transactions.

🚀 Funding and IPOs

1. AI startup Cognition completed a new round of funding exceeding $2 billion, valuing the company at $48 billion.

2. a16z launched an $1.1 billion Machine Age fund focused on AI hardware and computing infrastructure. Meanwhile, its fifth growth fund added another $1.75 billion, bringing it to $8.5 billion.

3. Bain Capital officially announced the acquisition of Gongcha. The deal value is over 100 billion yen. Gongcha’s valuation has grown 2.6x over seven years

…

📡 8-hour Recap | 09 Sep, 16:00–24:00

RecodeX has rebuilt the message. Over the past 8 hours, geopolitical tensions pushed oil prices past $100; Apple released a foldable iPhone; news on AI funding and regulation has been coming thick and fast; and the cryptocurrency market has been volatile.

🤖 AI and Tech

1. On September 9, Apple held a press event and launched iPhone 18 Pro, the foldable iPhone Ultra, and a new Apple Watch, officially entering the foldable market.

2. OpenAI released ChatGPT Images 2.5, supporting precise multi-round editing, sketch and template features, and introduced two new API model offerings.

3. AI music generation company Suno launched a new model suite, V6, based on licensing agreements with Warner Music, BMG, and Believe, using only licensed content for training.

4. The U.S. NSA, FBI, and CISA accused six Chinese AI companies—including DeepSeek, Alibaba, Moonshot AI (面之暗面), MiniMax, Step-by-Step Star (阶跃星辰), and Zhipu AI (智谱AI)—of systematically stealing capabilities of U.S. frontier models since 2024.

5. Bipartisan lawmakers in the U.S. called for Congress to legislate AI oversight. Earlier, researchers claimed that unregulated AI could destroy the world within a decade.

💰 Markets and Finance

1. International oil prices broke $100 per barrel for the first time since July. Brent crude was at $100.858 per barrel, up 3%, stoking inflation concerns.

2. Spot gold rose 0.95% to $4,396.64 per ounce, while spot silver jumped 2.65% to $67.47 per ounce.

3. Copper prices broke the 110,000 yuan/ton mark, hitting a record high, and strategy responses across the supply chain diverged.

4. According to the World Gold Council, global gold ETFs attracted $18 billion of net inflows in August, setting the second-largest single-month inflow record in history.

5. Barclays raised its year-end target for the S&P 500 from 7,800 to 7,950, and expects it to reach 8,800 by the end of 2027.

🔗 Crypto and Blockchain

1. Iran’s central bank loosened foreign exchange rules, allowing domestic companies to use cryptocurrencies such as Bitcoin or Tether (USDT) to settle cross-border trade to evade U.S. sanctions.

2. Bitcoin closed on September 8 at $78,450. Large inflows to spot exchanges did not surge in tandem, and the rebound was not accompanied by sustained selling pressure.

3. Bank of America conducted a real-time cross-border payment test between North American and European banking entities using its dollar stablecoin USBDC on the Stellar blockchain.

4. Polymarket launched perpetual contract functionality, supporting assets such as Bitcoin, with leverage up to 20x.

5. The number of unique addresses holding stablecoins worth over $1,000 surpassed 2.5 million, a record high.

🏭 Companies and Industries

1. HiOne’s integrated home energy storage system by Emen (禾迈股份) won four international design awards.

2. DB HiTek completed reliability certification for its 8-inch 1200V SiC MOSFET process, and built the world’s first complete 8-inch SiC foundry process flow.

3. Renault’s revenue in the first half of fiscal year 2026 was €30.252 billion, up 9.5% year over year; attributable net profit turned positive at €705 million.

4. Zscaler’s fiscal year 2026 revenue was $3.35 billion, up 25% year over year, and Q4 revenue was $898.2 million.

5. Alphabet released its latest financial results: revenue grew by more than 20% year over year, with strong performance from its cloud business.

🌍 Geopolitics and Policy

1. The U.S. Central Command denied claims by Iran’s Islamic Revolutionary Guard Corps about an attack on two U.S. Navy destroyers, saying U.S. forces destroyed 10 Iranian oil tankers in the past week.

2. After U.S. forces attacked five Iranian oil tankers, Iran threatened to sanction vessels operating in areas restricted via the Strait of Hormuz.

3. The European Union’s General Court dismissed a lawsuit brought by Hungary challenging a decision to provide profit-based assistance to Ukraine using frozen Russian assets.

4. A draft from Germany’s Ministry of Finance proposes aligning cryptocurrency taxation rules with those for stocks, removing the tax-exempt treatment for selling after holding for one year.

5. China’s Ministry of Commerce said that if the U.S. seeks to restrict Chinese AI companies under the pretext of targeting distillation, China will firmly take countermeasures.

Editor’s note: Geopolitical conflict and the AI race are intertwined. Market volatility is increasing, and the tug-of-war between policy and technology will continue to shape future trends.

📡 Hourly Report | 23:00-24:00

1. Connected Stack announced its second annual corporate AI summit will be held in San Francisco on September 10, with Anthropic delivering a keynote address.

2. The XRP ETF listed in the U.S. saw $1.55 million in net inflows, ranking first, while Bitcoin, Ethereum, and Solana all fell on the day.

3. Spot gold rose 0.95% to $4,396.64 per ounce, and spot silver increased 2.65% to $67.47 per ounce.

4. Copper prices broke through 110,000 yuan per ton, setting a record high, with strategies varying across the industrial chain.

5. Alphabet released its latest earnings report: revenue grew by more than 20% year over year. Cloud business performance was strong, driving overall results above expectations.

6. The actual controller of Guizhou Bailing is to be fined more than 300 million yuan by the CSRC for allegedly manipulating the securities market, and is also facing a five-year ban from the securities market.

7. Escalation of the U.S.-Iran conflict disrupted tanker shipping. Brent crude oil prices broke through $101 per barrel, reaching a recent high.

8. UK 2-year gilt yields climbed to the highest level since November 2023, hitting 4.717%.

📡 On-the-hour Broadcast | 22:00-23:00

1. BioTech company PostEra’s fertility program was acquired by EMD Serono, a subsidiary of Merck. Financial terms were not disclosed.

2. Predictive Markets expects to generate about US$1.08 billion in trading fees this summer, with a July peak of about US$402 million, driven by the FIFA World Cup final.

3. The number of unique addresses holding more than $1,000 in stablecoins exceeds 2.5 million, setting a new all-time high.

4. Polymarket’s perpetual contract feature has launched, supporting assets such as Bitcoin, with leverage up to 20x.

5. Sony Pictures’ chairman said that the global box office for “Spider-Man: A New Day” has surpassed US$2.4 billion. Emotional impact is the key to success.

6. Adani Airport Holdings raised about US$1.18 billion through a pre-investment valuation of US$18.0 billion. Funds may go even more into real estate.

7. Gene therapy company Encoded Therapeutics completed a US$275 million Series F funding round.

8. TrendForce’s survey shows that traditional DRAM contract prices are expected to rise quarter-on-quarter by 13% to 18% in Q3 2026.

📡 On-the-hour News | 21:00-22:00

1. Enterprise AI agent security startup Cymphony completes a $25 million Series A round, with a valuation of over $100 million, jointly led by Sequoia Capital and SMBC Fin Atlas Beyond Fund.

2. Soaring demand for AI data centers has tightened supply of storage products. Mechanical hard drive prices have risen for the sixth consecutive quarter to a new record high. The 3.5-inch 1TB HDD has increased 15% quarter-over-quarter to $67.70.

3. On-chain data shows that 1,815 bitcoins (about $144.36 million) have been transferred from an unknown wallet to another unknown new wallet.

4. Apple will hold its 2026 fall new product launch event in the early hours of September 10, Beijing time. It is expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max, and its first foldable iPhone Ultra. Ahead of the event, Apple’s stock price has edged down slightly.

5. Bipartisan U.S. lawmakers are calling for Congress to pass legislation to regulate AI. Earlier, a researcher claimed that unregulated AI could destroy the world within a decade.

6. Anthropic is preparing for an IPO, with a valuation that could reach $200 billion. Its governance structure—potentially involving Long-Term Benefit Trusts (LTBT)—may draw attention due to possible conflicts with shareholders stemming from long-term interests.

7. Google faces criticism in South Korea after leaking personal information of victims of digital sex crimes in South Korea. On the 9th, it released an official statement apologizing.

8. China’s Ministry of Commerce stated that if the U.S. side uses efforts to target distillation as a pretext to restrict and suppress China’s AI companies, China will firmly take countermeasures.

📡 Hourly Update | 20:00-21:00

1. US Treasury Secretary Bessent said that if China wins the AI race, the US will have no “tomorrow,” rebutting domestic opposition to building large data centers.

2. Driven by the escalation of conflict in the Middle East, international oil prices surged sharply. Brent crude futures broke through the $100 per-barrel mark, while the increase in WTI crude futures widened to 3%, quoted at $95.831 per barrel.

3. A draft by Germany’s Ministry of Finance proposes aligning cryptocurrency taxation rules with those for stocks, canceling the tax-exempt treatment for sales after holding for one year.

4. Iran’s central bank has loosened foreign-exchange rules, allowing domestic companies to settle cross-border trade using cryptocurrencies such as Bitcoin or Tether to evade US sanctions.

5. Data from the World Gold Council shows that in August, global gold ETFs attracted $18 billion in net inflows, setting a record for the second-largest month ever. Total assets under management rose to $615 billion.

6. Security researchers found serious vulnerabilities in WeChat. Attackers can achieve cross-platform remote code execution by exploiting a VoIP memory flaw before the victim answers an incoming voice call. Tencent has patched it before it was exploited.

7. The US NSA, FBI, and CISA accused six Chinese AI companies—including DeepSeek, Alibaba, Moonshot, MiniMax, Step-By-Step Stellar, and Zhipu AI—of systematically stealing capabilities of cutting-edge US models from 2024 onward, extracting billions of tokens.

8. Microsoft announced it will stop supporting the Publisher app in October 2026 and shut down the Project Online service.

📡 Hourly Update | 19:00-20:00

1. OpenAI releases ChatGPT Images 2.5, supporting precise multi-round editing, sketching, and template features, and launches two new API model(s).

2. Solstice Oncology completes a $225 million Series A round, advancing its Fc-enhanced CTLA-4 antibody Porustobart’s clinical development. Targeting MSS type II–III stage colon cancer, the Phase II trial is set to begin in early Q4.

3. Counterpoint reports that in Q2 2026, global smartphone SoC shipments will decline 21% year over year. MediaTek ranks first, and Huawei’s share increases.

4. Renesas Electronics announces a new pricing structure effective January 1, 2027, stating that costs face structural increases.

5. Zscaler’s fiscal year 2026 revenue reaches $3.35 billion, up 25% year over year. Q4 revenue is $898.2 million. Growth is driven by cloud security and AI products.

6. Silver Lake Capital plans to merge French software companies Cegid and Silae, with a deal value exceeding 10 billion euros.

7. Barclays raises its year-end target for the S&P 500 index from 7,800 to 7,950 points, expecting it to reach 8,800 points by the end of 2027.

8. Bank of America completes a real-time cross-border payments test between North American and European banking entities on the Stellar blockchain using its USDC-dinar stablecoin USBDC.