Cointime

Sun Yuchen Initiates Civil Lawsuit Over Property Disputes Worth Over 30 Million Yuan; Case Has Been Filed and Assets Seized
On August 27, according to Sina Entertainment, Sun Yuchen filed a civil lawsuit over the relevant property disputes, naming Jing Mou and his parents as defendants. The amount in dispute exceeds 30 million yuan. At present, the case has been officially filed. It is understood that the plaintiff has依法 applied for asset preservation measures. After the case was accepted, the defendants raised an objection to jurisdiction; that objection is still being reviewed by the court, and the case has not yet entered the merits stage, so there is no verdict at this time. The lawyer handling the case is Zhang Qihuai, a well-known attorney who has handled multiple high-profile cases.

Sun Yuchen’s representative attorney: a civil lawsuit has been filed against Jing Mou and his parents over a property dispute
On August 27, in response to various rumors recently circulating regarding the property dispute involving Sun Yuchen and Jing Mou, Sun Yuchen’s representative attorney Zhang Qihuai (lawyer at Lanpeng Law Firm) stated in a post that Sun Yuchen, due to the relevant property controversy, has filed a civil lawsuit with Jing Mou and his parents as the defendants. The amount in dispute is more than RMB 30 million. The case has been accepted and filed in accordance with the law. The plaintiffs have applied to the court for property preservation measures. After accepting the case, the defendant Jing Mou’s side, in accordance with law, raised an objection to jurisdiction, and the objection is still under judicial review by the court. This case has not yet entered the merits stage of trial, and there is currently no final ruling result.

Hang Seng Index closes down 0.34%; AI large-model concept stocks rise
On August 27, the Hang Seng Index and the Hang Seng Tech Index in Hong Kong stocks fluctuated in a low range today. By market close, the Hang Seng Index fell 0.34%, while the Hang Seng Tech Index fell 0.13%. Total market turnover for the Hang Seng Index was HKD 233.515 billion. Regarding sector and individual stocks, PCB, optical communications, and chip-related shares strengthened. Lanstar Technology (06809.HK) rose more than 12%, C&D Enterprise Holdings (01888.HK) rose more than 10%, Yangtze Optical Fibre and Cable (06869.HK) rose more than 10%, Zhaoyi Innovation (03986.HK) jumped over 7%, HBM Holdings (01347.HK) rose more than 4%, and SMIC (00981.HK) rose more than 2%. AI large-model stocks moved higher: Zhipu (02513.HK) rose more than 12%, MINIMAX-W (00100.HK) rose nearly 4%. Baidu (09888.HK) rose more than 5%. Added listing in Hong Kong will be the company’s primary listing in its main exchange; it is scheduled to complete the dual primary listing on September 1.

“OpenAI ‘wore Tibo out’ ”: he changes to an aged profile photo and hints at resetting limits tomorrow
In a “Beating AI” news roundup, OpenAI’s core product负责人 Tibo Sottiaux recently appeared on Matthew Berman’s interview. Once the episode went live, viewers noticed that the person in the camera shot looked quite different from his original profile photo—his hair was longer and he looked noticeably more worn out. Soon, people on X started having fun with the meme “OpenAI made him old.” Someone put the two photos side by side and asked, “What did OpenAI do to you?” Tibo replied: “Hair grows longer—and it can also be cut.” He then even launched a poll, asking whether he should cut his hair. Today, Tibo went ahead and changed his X avatar to the “worn-out version” from the interview, continuing the meme trend. He joked that after working at OpenAI for a few weeks, the amount of work completed felt like what another company would do in years: “It’s already so much older in just a few days—absolutely crazy.” Not long after, he added that he felt like he hadn’t pressed the reset button in 20 years, and he’s planning to dig it up tomorrow and wipe off the dust. This line is basically a reminder to Codex users: “Hurry up and get cracking!”

CZ: The development of RWA will ultimately benefit Bitcoin, attracting US stock market capital into the crypto market
On August 27, Binance founder CZ said at the Bitcoin Asia 2026 conference: “Tokenized assets are a good thing for Bitcoin and for the entire industry. People who understand Bitcoin will eventually learn about other blockchains, other tokens, and so on. And people who come into the market through stock tokenization will eventually see Bitcoin as well. For example, today we’re in Hong Kong. For Asian people who want to buy US stocks, it’s very difficult to open a brokerage account. And even for the few who can open a US brokerage account, the trading hours are also inconvenient. US stock trading hours are roughly from 11 p.m. to 4 a.m. every day. So after tokenization, it actually makes the opportunity to enter the stock market more democratized. In the past, people who wanted to buy US stocks but couldn’t now can. But they do it with the help of crypto platforms. Once they enter a crypto platform, they are very likely to gain exposure to Bitcoin that they didn’t have before. As time goes on, this effect will keep compounding. Therefore, what’s beneficial for tokenized stocks is actually beneficial for the traditional stock market as well—and also beneficial for Bitcoin. I think all of these things reinforce each other. The entire ecosystem isn’t a relationship where one project competes with another.”

Binance founder CZ appears at the Bitcoin Asia 2026 conference
On August 27, Binance founder CZ appeared on the main stage of the Bitcoin Asia 2026 conference and held a fireside chat with the host. The conversation started about 18 minutes later than expected.

“Maji” long order list adds ENA; positions have already been built worth $460,000
On August 27, according to TradingBeats (formerly Hyperinsight) monitoring, as the crypto market rebounds, “Maji”’s long order list added the stablecoin protocol ENA, with positions already established totaling a $460,000 long position. As of press time, its holdings are as follows: $61.04 million 25x Ethereum long; $43.4 million 40x Bitcoin long; $19.13 million 10x HYPE long; $463,000 10x PUMP long; $461,000 10x ENA long.

CZ responds to college students’ entrepreneurship: first work in a good company for a few years, and young people should develop a specialized skill
On August 27, at a closed-door sharing session held in Hong Kong, Binance founder CZ addressed questions about college students starting businesses and stressed that entrepreneurship should not be rushed. He advised young people to work at a good company for a few years first—“two years should be the minimum,” and it is preferable to be in the range of 2 to 5 years. He cited his four years working at Bloomberg as an example, saying that the comprehensive management system at large companies is something that university graduates cannot access right after leaving school when they start businesses, and that it would be very helpful for future entrepreneurship. CZ believes young people must focus on cultivating “a specialized skill.” He said this is a world of global competition: “If you simply say programming, there are more than ten million programmers around the world. It’s impossible to be better than everyone by two times. But if you can reach the top 1% in the world—or even the top 0.1%—your returns could be several times, dozens of times, or even hundreds of times that of others. The待遇 (compensation) between first place and second place will be very different.”

Binance co-founders CZ and Yi He use Simpson family aliases
Binance co-founders CZ and Yi He have used Homer and Marge as Simpson-themed aliases in company meetings. As of today, the current co-CEO Yi He still uses Marge as a reference in meetings and chats.

Trader Meiling: Combined unrealized profit of $5.5 million from CASHCAT and ANSEM; still not planning to sell
On August 27, crypto trader Meiling posted that, “I entered ANSEM and CASHCAT quite early. My cumulative unrealized profit is about $5.5 million. For now, I’m not planning to sell. I firmly believe it’s entirely possible for both of these tokens to reach a market cap of $1 billion.”

Kuwait and Qatar increase crude oil exports via the Strait of Hormuz; export volumes have recovered to 70% of pre-conflict levels
On August 27, two smaller oil-producing countries in the Persian Gulf—Kuwait and Qatar—are increasing the shipment of crude oil through the Strait of Hormuz, further driving a rebound in oil transport volumes along the waterway. Traders said that before the outbreak of the Iran war, the two countries combined exported about 2 million barrels of oil per day, and that the export volume has now recovered to 70% of the pre-conflict level. The UAE was the first Gulf oil producer to resume large-scale crude oil exports via the Strait of Hormuz; it adopted a method known as “shuttle transport” for ship-to-ship transshipment in the Gulf of Oman. Since then, Saudi Arabia has also joined in. Traders said that currently about 7 million to 8 million barrels of oil per day are being shipped out through the Strait of Hormuz, higher than the roughly 4 million barrels seen in mid-July, equivalent to about three-quarters of the pre-war level. On Monday, Vortexa said that the oil flow transported through the waterway is approaching 10 million barrels per day.

The Wall Street Journal: The country with the largest U.S. trade surplus is now Vietnam
On August 27, according to the Wall Street Journal, in the year after the U.S. began reorganizing global trade to benefit the United States, the biggest beneficiary turned out to be Vietnam. Data for the first half of this year shows that Vietnam’s trade surplus with the U.S. reached $114 billion, surpassing Mexico. For an economy that is only a quarter the size of Mexico’s, this is an unexpected result.

Anthropic's off-exchange market value is currently reported at $1.974 trillion
On August 27, the HIP-3 market deployer Entropy launched the Anthropic Pre-IPO market on Hyperliquid. ANTH fell 2.22% over the past 24 hours and is now trading at $1,974. The 24-hour trading volume is $19.88 million, and contract open interest positions total $3.44 million.

Concern Over Dollar Depreciation Supports Gold Prices; Market Focuses on Remarks by Waller
August 27—Gold prices edged higher on Thursday. Concerns about currency depreciation remained in place, while market attention shifted to a highly anticipated speech this week by Federal Reserve Chair Waller. Kelvin Wong, a senior market analyst at OANDA, said the narrative of a weaker U.S. dollar, along with ongoing worries about the United States’ budget deficit, continues to support gold in the medium term. Earlier, the U.S. Treasury announced an expansion of its purchases of previously issued long-term bonds, sparking renewed concerns about a weakening dollar—pushing gold up by more than 5% last week. Wong added: “The market is waiting for Waller’s speech to get a clearer sense of how the Federal Reserve plans to respond to the current economic situation. If he does not provide specific forward-looking guidance on monetary policy, then the current market pricing for interest-rate hikes is likely to remain largely unchanged.” On the geopolitical front, the Prime Minister of Qatar will visit Tehran to restart diplomatic mediation. The U.S. and Iran have previously traded accusations, with the dispute centered on Washington’s commitment to increase economic pressure on Tehran by sanctioning trade partners of Iran. (Jin Ten)

YZi Labs Leads Investment as FinTax Completes Seed Round Financing and Begins Long-Term Ecosystem Collaboration with YZi Labs
On August 27, FinTax, a provider of AI infrastructure for cryptocurrency finance and tax solutions, announced the completion of its Seed round. Led by YZi Labs (via EASY Residency S4), the round also saw participation from Amber, Hash House, Pundi AI, Waverider International, and Nexus Holdings. Post-money valuation: US$40 million. Prior investors in earlier rounds include Victory Courage, BGIN, Tools Factory, and individual investor Fan Chao.
In recent years, YZi Labs has continued to expand its focus on stablecoins, RWA, payments, and institutional-grade digital asset infrastructure. Building on FinTax’s experience in on-chain data processing, crypto accounting, cross-jurisdiction tax operations, and audits of crypto-asset finances, the two parties will explore long-term ecosystem collaboration around institutional tax-and-finance infrastructure, compliance standards, and emerging scenarios such as stablecoins, RWAs, and payments. This will further strengthen the connections between FinTax, YZi Labs, and their ecosystem partners.
After the completion of this round, FinTax will accelerate the scaling of its five product lines, expanding its business from Asia-Pacific and North America to Europe and the Middle East, and deepen the application of AI in complex finance-and-tax scenarios. The theme of the next decade is the alignment of blockchain with legal frameworks. FinTax will continue to drive dual iterations of both blockchain and legal systems across dozens of jurisdictions—enabling on-chain economic activity to connect with real-world tax, finance, and financial systems, and helping blockchain move from technical consensus to societal consensus.

Hong Kong stock market’s “big model duo” rises; Zhipu jumps over 8% at one point
On August 27, according to Bitget market data, Hong Kong’s “big model duo” rose. Zhipu jumped by more than 8% at one point, while MINIMAX-W rose by more than 5% at one point.

Huang Renxun Responds to “Circular Financing” Concerns: The Risk Is Low; Frontier AI Labs Are a “Once-in-a-Generation” Investment Opportunity
Insight Beating AI News, during an interview on CNBC’s “Mad Money,” Nvidia CEO Huang Renxun addressed public doubts about Nvidia expanding its AI-ecosystem financing support. He said critics have overlooked the industry’s unique capital requirements. He noted that these are early-stage startups that need tens of billions of dollars to launch and hundreds of billions to reach profitability, and that developing and deploying AI in itself requires massive funding. Nvidia has already invested in model developers such as OpenAI and Anthropic, as well as in new cloud service providers that rent out Nvidia computing power, and it also provides financial support for data center projects. The company, for example, provided $105 billion in support for a large computing park in Ohio that is leased by OpenAI, and it has partnered with major financial institutions on Wall Street to arrange as much as $500 billion in financing for data centers. Some critics view the above setup as “circular financing”—where a company provides funds to customers, and the customers then use part of those funds to buy the company’s products—potentially propping up demand and revenue artificially. Huang Renxun responded that frontier AI labs represent a “once-in-a-generation” investment opportunity. Nvidia hopes to be an equity investor and a partner to these companies, supporting them as they build and expand an ecosystem on Nvidia’s platform. Huang also pointed out that these companies typically do not yet have investment-grade credit and lack the financial track record needed to obtain funding at low cost, so Nvidia can help. Even if some of the supported firms encounter operational difficulties, the underlying compute infrastructure can be transferred to other customers and workloads, so Nvidia’s risk remains low. He said the related investments are expected to generate substantial returns.

The Bank of Korea Raises Interest Rates by 25 Basis Points
On August 27, the Bank of Korea announced a 25-basis-point rate hike, raising the benchmark interest rate from 2.75% to 3.0%. This is the second consecutive meeting in which it has increased rates, in line with market expectations.

US Q2 actual GDP matches initial estimate, in line with expectations
On August 26, the revised second-quarter US real GDP annualized quarterly growth rate was 1.5%, matching the initial estimate and in line with market expectations.

Top 10 Hyperliquid Builder earnings over the past 30 days: MetaMask ranks first, with Phantom and Trust Wallet in second and third
On August 26, according to HyperTracker data monitoring, in the 30-day earnings ranking of Hyperliquid Builders, MetaMask leads with approximately $1.3248 million, Phantom ranks second with approximately $1.2568 million, and Trust Wallet ranks third with approximately $0.9002 million. The detailed leaderboard is as follows:
MetaMask: $1.3248 million, 30-day transaction volume $1.43 billion;
Phantom: $1.2568 million, 30-day transaction volume $2.29 billion;
Trust Wallet: $0.9002 million, 30-day transaction volume $1.5 billion;
Invo: $0.6584 million, 30-day transaction volume $1.87 billion;
fomo: $0.4301 million, 30-day transaction volume $971 million;
0xc7...b71a: $0.2916 million, 30-day transaction volume $294 million;
0x7c...e781: $0.2423 million, 30-day transaction volume $636 million;
Trasia: $0.2290 million, 30-day transaction volume $457 million;
Rabby: $0.2277 million, 30-day transaction volume $1.13 billion;
Blockchain: $0.1812 million, 30-day transaction volume $160 million.
The Hyperliquid Builder Code mechanism allows wallets, trading front ends, trading tools, or robots to add a source identifier to transaction orders via the on-chain Builder field, and to earn a certain percentage of fees from the routed transaction flow. Data shows that leading wallets and trading front ends are becoming important entry points for capturing income in the Hyperliquid ecosystem, with MetaMask and Phantom both exceeding $1.2 million in Builder earnings over the past 30 days.