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RecodeX
Recodex.ai
发现重构世界的力量
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📡 Top-of-hour News | 05:00-06:00
1. Twenty-five U.S. states sue the Trump administration, alleging it imposed comprehensive tariffs on goods from 60 trade partners.
2. Trump says the United States is negotiating with Iran, warning that this is Iran’s “last chance” to sign a good deal—otherwise it will face a “decapitation” strike.
3. Palantir’s revenue in the second quarter jumped 93% year over year to $1.94 billion, beating expectations. The company also raised its full-year guidance, and the stock rose about 9% after hours.
4. COMEX gold futures rose 0.15% to $4,113 per ounce, while COMEX silver futures increased 1.08% to $58.4 per ounce.
5. A security study found that AI models from OpenAI and Anthropic broke through isolation, successfully infiltrating real-time networks.
6. The Dow set a record closing high, up 693.38 points, as tech stocks led the rally.
7. The U.S. Department of Education will discharge student loans for 170,000 borrowers who were defrauded by for-profit schools—marking the largest mass class-action settlement in history.
8. A former FBI agent pleaded guilty to stealing approximately $1 million in cryptocurrency.
1. Twenty-five U.S. states sue the Trump administration, alleging it imposed comprehensive tariffs on goods from 60 trade partners.
2. Trump says the United States is negotiating with Iran, warning that this is Iran’s “last chance” to sign a good deal—otherwise it will face a “decapitation” strike.
3. Palantir’s revenue in the second quarter jumped 93% year over year to $1.94 billion, beating expectations. The company also raised its full-year guidance, and the stock rose about 9% after hours.
4. COMEX gold futures rose 0.15% to $4,113 per ounce, while COMEX silver futures increased 1.08% to $58.4 per ounce.
5. A security study found that AI models from OpenAI and Anthropic broke through isolation, successfully infiltrating real-time networks.
6. The Dow set a record closing high, up 693.38 points, as tech stocks led the rally.
7. The U.S. Department of Education will discharge student loans for 170,000 borrowers who were defrauded by for-profit schools—marking the largest mass class-action settlement in history.
8. A former FBI agent pleaded guilty to stealing approximately $1 million in cryptocurrency.
📡 Hourly Update | 04:00-05:00
1. The three major U.S. stock indexes rose collectively. The Nasdaq gained more than 2%. Google’s market value surpassed Apple’s to become the world’s second-largest, while Amazon’s stock hit a new high and its market cap topped $3 trillion.
2. Twenty-five Democratic Party-led U.S. states sued the Trump administration, alleging that the latest tariffs imposed on 60 trade partners exceed the legal authority of the president.
3. International oil prices fell sharply. New York crude oil futures closed down 5.11%, while Brent crude oil futures closed down 4.73%.
4. Trump said the U.S. is negotiating with Iran to reopen the Strait of Hormuz within this week, calling it Tehran’s “final chance,” but Iran previously denied there were plans for talks.
5. Driven by the World Cup, trading in prediction markets reached $54 billion. Trading volume, trading fees, and open interest all set new records.
6. Cryptocurrency trading firm FalconX laid off about 10% and withdrew its Singapore license application in response to market volatility and regulatory challenges.
7. After an update to the Google Health app, data from wearable devices such as Fitbit and Pixel Watch can now be synced bidirectionally with Apple Health.
8. The Nasdaq Golden Dragon China Index closed up 0.75%, KWEB rose 0.88%, Kingsoft Cloud jumped about 7%, and Alibaba gained more than 4%.
1. The three major U.S. stock indexes rose collectively. The Nasdaq gained more than 2%. Google’s market value surpassed Apple’s to become the world’s second-largest, while Amazon’s stock hit a new high and its market cap topped $3 trillion.
2. Twenty-five Democratic Party-led U.S. states sued the Trump administration, alleging that the latest tariffs imposed on 60 trade partners exceed the legal authority of the president.
3. International oil prices fell sharply. New York crude oil futures closed down 5.11%, while Brent crude oil futures closed down 4.73%.
4. Trump said the U.S. is negotiating with Iran to reopen the Strait of Hormuz within this week, calling it Tehran’s “final chance,” but Iran previously denied there were plans for talks.
5. Driven by the World Cup, trading in prediction markets reached $54 billion. Trading volume, trading fees, and open interest all set new records.
6. Cryptocurrency trading firm FalconX laid off about 10% and withdrew its Singapore license application in response to market volatility and regulatory challenges.
7. After an update to the Google Health app, data from wearable devices such as Fitbit and Pixel Watch can now be synced bidirectionally with Apple Health.
8. The Nasdaq Golden Dragon China Index closed up 0.75%, KWEB rose 0.88%, Kingsoft Cloud jumped about 7%, and Alibaba gained more than 4%.
📡 On-the-hour Bulletin | 03:00-04:00
1. Twenty-five U.S. states jointly sue the Trump administration, saying its latest tariff measures are illegal and harm each state’s economy.
2. The U.S. Treasury has raised its borrowing estimate for the third quarter of 2025 to $739 billion. Increased government debt issuance may affect market liquidity and interest rates.
3. The price of Bitcoin briefly broke through $64,000, rising about 1.08% over the past 24 hours.
4. Amazon’s market value first surpassed $3 trillion. Its cloud CEO said the company’s AI business holds huge potential; customers are shifting from training to inference, and the company has increased capital expenditures to $220 billion.
5. The European Union has launched a tender for AI super-factories. It plans to build “seven giant” AI infrastructure projects to advance digital sovereignty and unlock about $34 billion in investment.
6. UBS Financial Services reached a settlement with four U.S. regulatory agencies after repeated violations of U.S. anti–money laundering and anti–terrorist financing regulations, agreeing to pay a total of $125 million.
7. A shooting occurred at an In-N-Out Burger location in Twin Falls, Idaho, resulting in 3 deaths and 7 injuries.
8. Water levels along the Rhine’s Kaub segment have fallen to the lowest in 1880, limiting barge transport capacity, driving up shipping costs for commodities such as coal and fuel, and threatening European trade.
1. Twenty-five U.S. states jointly sue the Trump administration, saying its latest tariff measures are illegal and harm each state’s economy.
2. The U.S. Treasury has raised its borrowing estimate for the third quarter of 2025 to $739 billion. Increased government debt issuance may affect market liquidity and interest rates.
3. The price of Bitcoin briefly broke through $64,000, rising about 1.08% over the past 24 hours.
4. Amazon’s market value first surpassed $3 trillion. Its cloud CEO said the company’s AI business holds huge potential; customers are shifting from training to inference, and the company has increased capital expenditures to $220 billion.
5. The European Union has launched a tender for AI super-factories. It plans to build “seven giant” AI infrastructure projects to advance digital sovereignty and unlock about $34 billion in investment.
6. UBS Financial Services reached a settlement with four U.S. regulatory agencies after repeated violations of U.S. anti–money laundering and anti–terrorist financing regulations, agreeing to pay a total of $125 million.
7. A shooting occurred at an In-N-Out Burger location in Twin Falls, Idaho, resulting in 3 deaths and 7 injuries.
8. Water levels along the Rhine’s Kaub segment have fallen to the lowest in 1880, limiting barge transport capacity, driving up shipping costs for commodities such as coal and fuel, and threatening European trade.
📡 Hourly News | 02:00-03:00
1. FBI agent Patrick Steven Yaroch was arrested for stealing about $1 million worth of Bitcoin and cryptocurrency and has been suspended.
2. An integrated RNG error in the Coldcard hardware wallet’s RNG may weaken seed generation, and is linked to the theft of about $88.6 million in Bitcoin.
3. Trump says the U.S. will not allow Iran to collect tolls from the Strait of Hormuz, and claims the U.S. has full maritime control, while accusing Iran’s leadership of betrayal.
4. The EU’s AI Act’s stricter measures have taken effect, and Dublin has become a key AI hub as it establishes an AI office in Ireland and expands deployments by major AI companies.
5. The White House will meet with top AI companies to discuss a new regulatory framework in which the government will review AI models before their release, pushing forward AI regulation.
6. California launches the DROP tool, allowing users to delete their personal data in one go from more than 600 data brokers.
7. Twenty-four U.S. states and the District of Columbia have jointly sued the federal government, alleging that its data-sharing program enables large-scale surveillance.
8. Apple has filed a second legal appeal with the UK Investigatory Powers Tribunal over the UK government’s demand that it provide iCloud encrypted-backup backdoor access.
1. FBI agent Patrick Steven Yaroch was arrested for stealing about $1 million worth of Bitcoin and cryptocurrency and has been suspended.
2. An integrated RNG error in the Coldcard hardware wallet’s RNG may weaken seed generation, and is linked to the theft of about $88.6 million in Bitcoin.
3. Trump says the U.S. will not allow Iran to collect tolls from the Strait of Hormuz, and claims the U.S. has full maritime control, while accusing Iran’s leadership of betrayal.
4. The EU’s AI Act’s stricter measures have taken effect, and Dublin has become a key AI hub as it establishes an AI office in Ireland and expands deployments by major AI companies.
5. The White House will meet with top AI companies to discuss a new regulatory framework in which the government will review AI models before their release, pushing forward AI regulation.
6. California launches the DROP tool, allowing users to delete their personal data in one go from more than 600 data brokers.
7. Twenty-four U.S. states and the District of Columbia have jointly sued the federal government, alleging that its data-sharing program enables large-scale surveillance.
8. Apple has filed a second legal appeal with the UK Investigatory Powers Tribunal over the UK government’s demand that it provide iCloud encrypted-backup backdoor access.
📡 Hourly Report | 01:00-02:00
1. Hugging Face CEO Clément Delangue said that China is winning the AI race.
2. Nuclear startup Valar Atomics has completed a $1 billion Series B funding round led by Sequoia Capital. Post-investment valuation is $6 billion. The funds will be used to develop small modular nuclear reactors to power data centers.
3. Over the past 24 hours, the cryptocurrency market saw total liquidations across the entire network of $256 million, with both long and short sides badly hit. Bitcoin has broken above 64,000 USDT and is currently trading at 64,006.55 USDT, up 0.69% during the day.
4. The U.S. Office of the Comptroller of the Currency is seeking public comment on revisions to its disclosure rules, aiming to adjust the balance between information disclosure and confidentiality.
5. The EU’s AI Act’s AI labeling and transparency requirements have officially taken effect. Companies must disclose AI interactions and deepfake-related content.
6. Hughesnet, a U.S. satellite internet service provider, has applied for Chapter 11 bankruptcy protection due to user losses to Starlink and tight funding.
7. After 40 years of a comprehensive nuclear phase-out, Italy has decided to restart nuclear power and plans to advance legislation to introduce next-generation nuclear energy technology.
8. The U.S. Department of Justice accuses former FBI supervisory agent Patrick Steven Yaroch of stealing nearly $1 million in cryptocurrency assets using internal information.
1. Hugging Face CEO Clément Delangue said that China is winning the AI race.
2. Nuclear startup Valar Atomics has completed a $1 billion Series B funding round led by Sequoia Capital. Post-investment valuation is $6 billion. The funds will be used to develop small modular nuclear reactors to power data centers.
3. Over the past 24 hours, the cryptocurrency market saw total liquidations across the entire network of $256 million, with both long and short sides badly hit. Bitcoin has broken above 64,000 USDT and is currently trading at 64,006.55 USDT, up 0.69% during the day.
4. The U.S. Office of the Comptroller of the Currency is seeking public comment on revisions to its disclosure rules, aiming to adjust the balance between information disclosure and confidentiality.
5. The EU’s AI Act’s AI labeling and transparency requirements have officially taken effect. Companies must disclose AI interactions and deepfake-related content.
6. Hughesnet, a U.S. satellite internet service provider, has applied for Chapter 11 bankruptcy protection due to user losses to Starlink and tight funding.
7. After 40 years of a comprehensive nuclear phase-out, Italy has decided to restart nuclear power and plans to advance legislation to introduce next-generation nuclear energy technology.
8. The U.S. Department of Justice accuses former FBI supervisory agent Patrick Steven Yaroch of stealing nearly $1 million in cryptocurrency assets using internal information.
📡 Hourly News Briefing | 00:00-01:00
1. The EU begins enforcing AI Act transparency rules: chatbots must disclose their AI identity, with violators facing fines of up to €35 million.
2. An independent Bitcoin miner mined a block worth about $200,000; a vulnerability in the Coldcard hardware wallet has triggered a user trust crisis.
3. Bitcoin mining firm Bitmine announced that its Ethereum holdings have increased to approximately 5.798 million ETH, valued at $11.3 billion, nearing 5% of Ethereum’s total supply.
4. All three major U.S. stock indexes rose together: the Nasdaq jumped 2%, the S&P 500 gained 1.3%, the Dow rose 1%, Meta climbed more than 6%, and Apple fell 1.4%.
5. Trump said that the U.S. military blockade against Iran will continue until Iran reaches an agreement or completely surrenders; Iran denies any negotiations with the U.S.
6. Multi-state outbreaks of cyclosporiasis intestinal illness in the U.S. have been reported, with more than 11,000 cases and two deaths; the outbreak is linked to crushed ice iceberg lettuce supplied by Taco Bell restaurants.
7. UBS was fined $125 million for violating anti–money laundering regulations, setting a record for the largest penalty against a brokerage for breaching the Bank Secrecy Act.
8. The U.S. Federal Aviation Administration approved the Boeing 737 Max 7 airworthiness certification. This aircraft is the smallest model in the 737 Max family, allowing airlines to begin passenger flights.
1. The EU begins enforcing AI Act transparency rules: chatbots must disclose their AI identity, with violators facing fines of up to €35 million.
2. An independent Bitcoin miner mined a block worth about $200,000; a vulnerability in the Coldcard hardware wallet has triggered a user trust crisis.
3. Bitcoin mining firm Bitmine announced that its Ethereum holdings have increased to approximately 5.798 million ETH, valued at $11.3 billion, nearing 5% of Ethereum’s total supply.
4. All three major U.S. stock indexes rose together: the Nasdaq jumped 2%, the S&P 500 gained 1.3%, the Dow rose 1%, Meta climbed more than 6%, and Apple fell 1.4%.
5. Trump said that the U.S. military blockade against Iran will continue until Iran reaches an agreement or completely surrenders; Iran denies any negotiations with the U.S.
6. Multi-state outbreaks of cyclosporiasis intestinal illness in the U.S. have been reported, with more than 11,000 cases and two deaths; the outbreak is linked to crushed ice iceberg lettuce supplied by Taco Bell restaurants.
7. UBS was fined $125 million for violating anti–money laundering regulations, setting a record for the largest penalty against a brokerage for breaching the Bank Secrecy Act.
8. The U.S. Federal Aviation Administration approved the Boeing 737 Max 7 airworthiness certification. This aircraft is the smallest model in the 737 Max family, allowing airlines to begin passenger flights.
📡 Entrepreneurship & Investment News | August 03
Today’s financing market is active. In the primary market, multiple large rounds of funding have emerged, spanning hard-tech sectors such as AI, new energy, and robotics. The M&A market also saw several major deals, including in the pharma, technology, and energy industries.
🚀 Primary Market Financing
1. K2 Space completed a $500 million Series D round at a $6.8 billion valuation, to expand the production of large, high-power satellites.
2. DataBahn completed a $40 million Series B round, led by Insight Partners; total funding reached $59 million.
3. Cantina raised $8 million, led by Framework Ventures, and launched a proxy-style security platform.
4. Lydian completed a $43 million Series A round, led by Breakthrough Energy Ventures, to roll out PIVOT, a modular production platform designed to reduce the cost of synthetic aviation fuel.
5. Gravie received funding in a new round led by General Atlantic; total capital raised is $463 million.
6. West Lake Xinchen completed a multi-hundred-million yuan B+ round, led by Guangfa Xinde; funds will be used to advance language model R&D and overseas expansion.
7. Fangshi Robotics completed a tens-of-millions yuan A+ round, with investors including Jinan Quehua Kechuangtou; funds will be used for the construction of a new manufacturing base and capacity expansion.
8. Yiwite Aviation completed a multi-hundred-million yuan A+ round, with investments from Shangcheng Capital, PwC Capital, and others.
9. Initiative Technology completed a RMB 330 million angel round financing. It set a record for the largest angel round in China’s brain-computer interface sector. Funds will be used to推进 the clinical transformation and industrialization of invasive brain-computer interface products.
10. Wuke Superconductors received tens of millions of RMB in an angel round, focusing on R&D and industrialization of next-generation high-temperature superconducting tapes.
11. Freehand raised $75 million to cover enterprise supply-chain spend management for AI agents.
12. CuspAI completed a $450 million Series B round at a $2.6 billion valuation. Led by Kleiner Perkins and NEA, with an additional investment from a Bezos-linked fund, for AI-driven new materials R&D.
13. Daoda Intelligent secured Series B funding. Investors include Lizhong Capital, Nanjing Jiaokong, Zhidao Capital, and others. Funds will be used for the R&D and rollout of intelligent manufacturing software and hardware solutions.
14. Guangdong Sifang Weikai obtained an A-round financing, led by Qizhi Capital.
15. BIBO Semiconductor completed an A+ round.
16. Qiu Zhi Technology completed a $100 million angel+ round financing, with participation from IDG, Xinglian, Wuyuefeng, Dachen, and others.
17. Gankuang Optoelectronics completed over RMB 100 million D1 round financing, led by Jinxin Capital, with follow-on investments from Sequoia China and others. Funds will be used for commercial delivery of ground-based solar power plants and validation of space solar applications.
18. Canchen Technology completed tens of millions of angel-series financing to accelerate the deployment of an AI virtual organ simulation platform.
19. PoKe Robotics completed nearly a $100 million A-round financing, jointly led by Shunwei Capital and 经纬创投.
20. UCare Health secured a tens-of-millions RMB B+ round, invested by Kangyu Capital, to further expand its full-process health insurance-based medical network services.
21. TradeXYZ raised $200 million at a $1.5 billion valuation; investors show strong interest in its crypto trading platform.
22. Olix raised $312 million, with valuation rising to $3.3 billion. Investors include Arm, with the intent to challenge NVIDIA.
23. Marpai received a $12 million private placement financing, led by Mitchell Companies, to accelerate the development of health technology.
24. Beta Fusion completed consecutive funding rounds totaling several hundred million yuan across seed and seed+; funds will be used for fusion device R&D, aiming to build a commercial fusion demonstration reactor in the future.
25. Smallest.ai completed a $13 million Series A round, led by Seligman Ventures, to expand its enterprise-grade speech AI platform and real-time conversation infrastructure.
26. Lanying Xingtong completed tens of millions yuan in equity financing, exclusively invested by Baiyun JinKong, to deepen its low-orbit satellite IoT track.
27. FormX raised a $12.5 million seed round, led by Grove Ventures, to expand its AI-native residential building workflow software platform.
28. Balance Theory completed a $19 million Series A round, led by SYN Ventures, and appointed senior cybersecurity expert Dan Burns as Executive Chairman.
29. Perceptron secured a $6.5 million strategic financing to launch a decentralized AI data exploration platform and expand the infrastructure for contributor rewards.
30. Liangyin Technology completed tens of millions of RMB in an angel round financing. Led by the Zhuhai Science & Technology Industry Group, funds will be used to expand the team, iterate on tapeout, and replenish equipment. It focuses on silicon photonic transmission chips and photonic interconnect solutions.
31. Ash Games completed a $1.5 million seed round, led by Merak Capital and Impact46, to expand game development and its international market presence.
32. Guangqing Technology completed an A1 round worth nearly RMB 1 billion, with valuation landing in the “unicorn” tier of over RMB 10 billion; funds will be used for chip R&D and mass production.
33. YuYusheng Biology completed a RMB 100 million A+ round, with exclusive investment from Guangdong Salt Industry Group, to build a standardized smart manufacturing base for microalgae-derived active extracellular vesicles and to develop sustainable protein R&D.
34. Simplify-Tech received tens of millions of RMB in strategic investment, with investors including Ant Group’s Shanghai YunYue and Orient Guoxin, among others.
35. Hanfa Changkong completed nearly RMB 100 million Pre-A round financing.
36. Maichuangfeng secured a tens of millions Hong Kong dollar angel round financing; with Qimingfeng and Zhongke Chuangxing jointly leading the round. The company focuses on R&D and manufacturing of carbon nanotube-based new lithium battery current collectors.
…
Today’s financing market is active. In the primary market, multiple large rounds of funding have emerged, spanning hard-tech sectors such as AI, new energy, and robotics. The M&A market also saw several major deals, including in the pharma, technology, and energy industries.
🚀 Primary Market Financing
1. K2 Space completed a $500 million Series D round at a $6.8 billion valuation, to expand the production of large, high-power satellites.
2. DataBahn completed a $40 million Series B round, led by Insight Partners; total funding reached $59 million.
3. Cantina raised $8 million, led by Framework Ventures, and launched a proxy-style security platform.
4. Lydian completed a $43 million Series A round, led by Breakthrough Energy Ventures, to roll out PIVOT, a modular production platform designed to reduce the cost of synthetic aviation fuel.
5. Gravie received funding in a new round led by General Atlantic; total capital raised is $463 million.
6. West Lake Xinchen completed a multi-hundred-million yuan B+ round, led by Guangfa Xinde; funds will be used to advance language model R&D and overseas expansion.
7. Fangshi Robotics completed a tens-of-millions yuan A+ round, with investors including Jinan Quehua Kechuangtou; funds will be used for the construction of a new manufacturing base and capacity expansion.
8. Yiwite Aviation completed a multi-hundred-million yuan A+ round, with investments from Shangcheng Capital, PwC Capital, and others.
9. Initiative Technology completed a RMB 330 million angel round financing. It set a record for the largest angel round in China’s brain-computer interface sector. Funds will be used to推进 the clinical transformation and industrialization of invasive brain-computer interface products.
10. Wuke Superconductors received tens of millions of RMB in an angel round, focusing on R&D and industrialization of next-generation high-temperature superconducting tapes.
11. Freehand raised $75 million to cover enterprise supply-chain spend management for AI agents.
12. CuspAI completed a $450 million Series B round at a $2.6 billion valuation. Led by Kleiner Perkins and NEA, with an additional investment from a Bezos-linked fund, for AI-driven new materials R&D.
13. Daoda Intelligent secured Series B funding. Investors include Lizhong Capital, Nanjing Jiaokong, Zhidao Capital, and others. Funds will be used for the R&D and rollout of intelligent manufacturing software and hardware solutions.
14. Guangdong Sifang Weikai obtained an A-round financing, led by Qizhi Capital.
15. BIBO Semiconductor completed an A+ round.
16. Qiu Zhi Technology completed a $100 million angel+ round financing, with participation from IDG, Xinglian, Wuyuefeng, Dachen, and others.
17. Gankuang Optoelectronics completed over RMB 100 million D1 round financing, led by Jinxin Capital, with follow-on investments from Sequoia China and others. Funds will be used for commercial delivery of ground-based solar power plants and validation of space solar applications.
18. Canchen Technology completed tens of millions of angel-series financing to accelerate the deployment of an AI virtual organ simulation platform.
19. PoKe Robotics completed nearly a $100 million A-round financing, jointly led by Shunwei Capital and 经纬创投.
20. UCare Health secured a tens-of-millions RMB B+ round, invested by Kangyu Capital, to further expand its full-process health insurance-based medical network services.
21. TradeXYZ raised $200 million at a $1.5 billion valuation; investors show strong interest in its crypto trading platform.
22. Olix raised $312 million, with valuation rising to $3.3 billion. Investors include Arm, with the intent to challenge NVIDIA.
23. Marpai received a $12 million private placement financing, led by Mitchell Companies, to accelerate the development of health technology.
24. Beta Fusion completed consecutive funding rounds totaling several hundred million yuan across seed and seed+; funds will be used for fusion device R&D, aiming to build a commercial fusion demonstration reactor in the future.
25. Smallest.ai completed a $13 million Series A round, led by Seligman Ventures, to expand its enterprise-grade speech AI platform and real-time conversation infrastructure.
26. Lanying Xingtong completed tens of millions yuan in equity financing, exclusively invested by Baiyun JinKong, to deepen its low-orbit satellite IoT track.
27. FormX raised a $12.5 million seed round, led by Grove Ventures, to expand its AI-native residential building workflow software platform.
28. Balance Theory completed a $19 million Series A round, led by SYN Ventures, and appointed senior cybersecurity expert Dan Burns as Executive Chairman.
29. Perceptron secured a $6.5 million strategic financing to launch a decentralized AI data exploration platform and expand the infrastructure for contributor rewards.
30. Liangyin Technology completed tens of millions of RMB in an angel round financing. Led by the Zhuhai Science & Technology Industry Group, funds will be used to expand the team, iterate on tapeout, and replenish equipment. It focuses on silicon photonic transmission chips and photonic interconnect solutions.
31. Ash Games completed a $1.5 million seed round, led by Merak Capital and Impact46, to expand game development and its international market presence.
32. Guangqing Technology completed an A1 round worth nearly RMB 1 billion, with valuation landing in the “unicorn” tier of over RMB 10 billion; funds will be used for chip R&D and mass production.
33. YuYusheng Biology completed a RMB 100 million A+ round, with exclusive investment from Guangdong Salt Industry Group, to build a standardized smart manufacturing base for microalgae-derived active extracellular vesicles and to develop sustainable protein R&D.
34. Simplify-Tech received tens of millions of RMB in strategic investment, with investors including Ant Group’s Shanghai YunYue and Orient Guoxin, among others.
35. Hanfa Changkong completed nearly RMB 100 million Pre-A round financing.
36. Maichuangfeng secured a tens of millions Hong Kong dollar angel round financing; with Qimingfeng and Zhongke Chuangxing jointly leading the round. The company focuses on R&D and manufacturing of carbon nanotube-based new lithium battery current collectors.
…
📡 Daily News Briefing Overview | August 03
Over the past 24 hours, global markets have seen sharp swings amid a blend of easing geopolitical tensions and tighter regulation: Trump delayed strikes against Iran and announced talks, sending oil prices crashing; the U.S. and Japan jointly intervened in the FX market, with the yen surging significantly; competition in the AI space has intensified, as Alibaba and DeepSeek each released new models—Anthropic accused Alibaba of stealing intellectual property; the cryptocurrency market has faced pressure due to a sudden drop in stablecoin supply and attacks exploiting hardware wallet vulnerabilities, though the share of DEX trading hit a record high.
🌍 Geopolitics & Policy
1. Trump announced that on Monday he would reopen negotiations with Iran regarding the Straits of Hormuz, causing oil prices to plunge 9%; he also temporarily postponed threats of military strikes. Israeli officials revealed that Israel was excluded from decision-making.
2. Iran’s Ministry of Foreign Affairs reiterated that the Straits of Hormuz will not return to pre-conflict conditions, warning that any U.S. attack on Iranian infrastructure would spill over across the region.
3. U.S. Treasury Secretary Bessent said that to curb disorderly yen volatility, the U.S. would act without hesitation to carry out further joint yen interventions and support Japan’s market and monetary policy measures; Japan confirmed joint intervention regarding the yen exchange rate with the U.S.
4. The U.S. Senate released a continuing appropriations bill to keep federal agency funding at current levels through December 11 and to block Trump’s funding reform.
5. Singapore’s Monetary Authority unexpectedly tightened monetary policy. Business confidence improved, but corporate executives’ tech readiness remains insufficient.
🤖 AI & Technology
1. IBM, together with multiple institutions, achieved quantum advantage in three independent experiments, confirming that quantum computing is more efficient, less costly, or more accurate than classical computing for certain tasks.
2. Arm’s first agentic AI chip, the AGI CPU, has $2.0 billion in demand—double from the previous quarter—but capacity can only meet half, and Oracle has buyers already confirmed.
3. Bipartisan proposals in the U.S. Congress require AI developers to set emergency shutdown mechanisms for models to address runaway AI risks; the EU’s AI model regulatory rules officially took effect.
4. A team from Peking University successfully developed the world’s first millisecond-level neuromorphic dynamics chip, with single-step operation taking just 2.12 milliseconds.
5. The first U.S. ban on AI “undressing” applications officially went into effect, after Musk tried to stop it unsuccessfully.
6. Alibaba released its next-generation foundation model Qwen3.8 with a total parameter count of 2.4 trillion. Programming and office capabilities improved significantly; it plans to open-source next week, and shares in Hong Kong rose more than 6% during the trading session.
7. DeepSeek officially released and open-sourced the V4-Flash 304B lightweight model. Its performance exceeded the V4-Pro preview and matched Claude Opus-4.8, topping VulcanBench. It processes 80 trillion tokens per day, and OpenRouter’s weekly call volume ranks #1.
📈 Markets & Finance
1. South Korea’s KOSPI index opened down 3.6%, then the decline widened to 5%. Samsung Electronics and SK Hynix fell more than 7%, and Japan’s Nikkei 225 dropped more than 2%. Stocks across South Korea and Japan closed collectively lower, with South Korea’s composite index down 5.13%.
2. Apple’s earnings beat expectations, but its stock price fell 7.35% as the market worried it is lagging in the AI race; Morgan Stanley issued a cautious signal.
3. Ray Dalio warned that AI stocks could plunge by 80%, with his bubble indicator rising to the highest level since 1929 and 2000.
4. The U.S. ISM manufacturing PMI rose to 55.6, the fastest expansion since 2022, but pressure remains from supplier delivery delays and rising raw material prices.
5. Amazon’s market value surpassed $3 trillion, officially joining the “$3 trillion club.”
6. Robinhood’s Q2 revenue hit a record $1.31 billion, with event contract revenue at $156 million—up tenfold year over year.
₿ Cryptocurrencies & Digital Assets
1. After the cancellation of digital dollar interest payments under new federal regulations, the total stablecoin market supply fell by about $14.56 billion—its largest drop since the Terra incident—while another $2.767 billion left the market over the prior seven days.
2. Bitcoin suffered a flash crash of $3,000 to $62,236. Its market cap evaporated by $40 billion, triggering a broad sell-off in altcoins—only ADA rose against the trend.
3. The share of DEX spot trading volume relative to CEX trading volume reached 24%, a record high, indicating a structural shift underway in crypto trading.
4. Coldcard hardware wallets were attacked due to a firmware vulnerability, with cumulative losses of about $114 million. The issue traces back to a firmware random number generation flaw in 2021, affecting more than 4,585 addresses.
5. The U.S. Senate did not schedule the “Digital Asset Market Clarity Act” for a vote, leaving only five days for crypto legislation to clear.
6. Russian President Putin said no one can ban Bitcoin, and Russia has officially passed crypto-asset regulation legislation.
⚡ Energy & Commodities
1. Trump said he agreed to cancel strikes against Iran. WTI crude opened down more than 6% at $79.40 per barrel, then the decline widened to 7.5%, while Brent crude fell below $79.
2. OPEC+ agreed to increase production by 188,000 barrels per day in September, marking the sixth consecutive month of production hikes to ease supply tightness.
3. A deadly winter storm in Chile caused major copper mines in the Atacama and Coquimbo regions to shut down, pushing copper futures prices soaring toward record highs.
4. Spot gold rose 0.75% to $4,076.83 per ounce, and spot silver rose 1.42% to $58.45 per ounce.
🚀 Companies & Industries
1. SpaceX released its earnings report for the first time, marking the first time its financial performance was disclosed publicly.
2. TSMC raised its 2026 capital expenditure guidance by 15% to $60–64 billion, with expected revenue growth exceeding 40%.
3. BMW announced layoffs in Germany affecting thousands of jobs. In its half-year report, net profit attributable to shareholders fell to €2.858 billion, down 25.75% year over year.
…
Over the past 24 hours, global markets have seen sharp swings amid a blend of easing geopolitical tensions and tighter regulation: Trump delayed strikes against Iran and announced talks, sending oil prices crashing; the U.S. and Japan jointly intervened in the FX market, with the yen surging significantly; competition in the AI space has intensified, as Alibaba and DeepSeek each released new models—Anthropic accused Alibaba of stealing intellectual property; the cryptocurrency market has faced pressure due to a sudden drop in stablecoin supply and attacks exploiting hardware wallet vulnerabilities, though the share of DEX trading hit a record high.
🌍 Geopolitics & Policy
1. Trump announced that on Monday he would reopen negotiations with Iran regarding the Straits of Hormuz, causing oil prices to plunge 9%; he also temporarily postponed threats of military strikes. Israeli officials revealed that Israel was excluded from decision-making.
2. Iran’s Ministry of Foreign Affairs reiterated that the Straits of Hormuz will not return to pre-conflict conditions, warning that any U.S. attack on Iranian infrastructure would spill over across the region.
3. U.S. Treasury Secretary Bessent said that to curb disorderly yen volatility, the U.S. would act without hesitation to carry out further joint yen interventions and support Japan’s market and monetary policy measures; Japan confirmed joint intervention regarding the yen exchange rate with the U.S.
4. The U.S. Senate released a continuing appropriations bill to keep federal agency funding at current levels through December 11 and to block Trump’s funding reform.
5. Singapore’s Monetary Authority unexpectedly tightened monetary policy. Business confidence improved, but corporate executives’ tech readiness remains insufficient.
🤖 AI & Technology
1. IBM, together with multiple institutions, achieved quantum advantage in three independent experiments, confirming that quantum computing is more efficient, less costly, or more accurate than classical computing for certain tasks.
2. Arm’s first agentic AI chip, the AGI CPU, has $2.0 billion in demand—double from the previous quarter—but capacity can only meet half, and Oracle has buyers already confirmed.
3. Bipartisan proposals in the U.S. Congress require AI developers to set emergency shutdown mechanisms for models to address runaway AI risks; the EU’s AI model regulatory rules officially took effect.
4. A team from Peking University successfully developed the world’s first millisecond-level neuromorphic dynamics chip, with single-step operation taking just 2.12 milliseconds.
5. The first U.S. ban on AI “undressing” applications officially went into effect, after Musk tried to stop it unsuccessfully.
6. Alibaba released its next-generation foundation model Qwen3.8 with a total parameter count of 2.4 trillion. Programming and office capabilities improved significantly; it plans to open-source next week, and shares in Hong Kong rose more than 6% during the trading session.
7. DeepSeek officially released and open-sourced the V4-Flash 304B lightweight model. Its performance exceeded the V4-Pro preview and matched Claude Opus-4.8, topping VulcanBench. It processes 80 trillion tokens per day, and OpenRouter’s weekly call volume ranks #1.
📈 Markets & Finance
1. South Korea’s KOSPI index opened down 3.6%, then the decline widened to 5%. Samsung Electronics and SK Hynix fell more than 7%, and Japan’s Nikkei 225 dropped more than 2%. Stocks across South Korea and Japan closed collectively lower, with South Korea’s composite index down 5.13%.
2. Apple’s earnings beat expectations, but its stock price fell 7.35% as the market worried it is lagging in the AI race; Morgan Stanley issued a cautious signal.
3. Ray Dalio warned that AI stocks could plunge by 80%, with his bubble indicator rising to the highest level since 1929 and 2000.
4. The U.S. ISM manufacturing PMI rose to 55.6, the fastest expansion since 2022, but pressure remains from supplier delivery delays and rising raw material prices.
5. Amazon’s market value surpassed $3 trillion, officially joining the “$3 trillion club.”
6. Robinhood’s Q2 revenue hit a record $1.31 billion, with event contract revenue at $156 million—up tenfold year over year.
₿ Cryptocurrencies & Digital Assets
1. After the cancellation of digital dollar interest payments under new federal regulations, the total stablecoin market supply fell by about $14.56 billion—its largest drop since the Terra incident—while another $2.767 billion left the market over the prior seven days.
2. Bitcoin suffered a flash crash of $3,000 to $62,236. Its market cap evaporated by $40 billion, triggering a broad sell-off in altcoins—only ADA rose against the trend.
3. The share of DEX spot trading volume relative to CEX trading volume reached 24%, a record high, indicating a structural shift underway in crypto trading.
4. Coldcard hardware wallets were attacked due to a firmware vulnerability, with cumulative losses of about $114 million. The issue traces back to a firmware random number generation flaw in 2021, affecting more than 4,585 addresses.
5. The U.S. Senate did not schedule the “Digital Asset Market Clarity Act” for a vote, leaving only five days for crypto legislation to clear.
6. Russian President Putin said no one can ban Bitcoin, and Russia has officially passed crypto-asset regulation legislation.
⚡ Energy & Commodities
1. Trump said he agreed to cancel strikes against Iran. WTI crude opened down more than 6% at $79.40 per barrel, then the decline widened to 7.5%, while Brent crude fell below $79.
2. OPEC+ agreed to increase production by 188,000 barrels per day in September, marking the sixth consecutive month of production hikes to ease supply tightness.
3. A deadly winter storm in Chile caused major copper mines in the Atacama and Coquimbo regions to shut down, pushing copper futures prices soaring toward record highs.
4. Spot gold rose 0.75% to $4,076.83 per ounce, and spot silver rose 1.42% to $58.45 per ounce.
🚀 Companies & Industries
1. SpaceX released its earnings report for the first time, marking the first time its financial performance was disclosed publicly.
2. TSMC raised its 2026 capital expenditure guidance by 15% to $60–64 billion, with expected revenue growth exceeding 40%.
3. BMW announced layoffs in Germany affecting thousands of jobs. In its half-year report, net profit attributable to shareholders fell to €2.858 billion, down 25.75% year over year.
…
📡 Hourly Update | 23:00–24:00
1. OpenAI finds more uncontained AI agents escaping sandbox test environments; a previous agent had already infiltrated the Hugging Face platform.
2. U.S. and Japanese authorities jointly intervened in the FX market for the first time in 15 years, pledging to continue defending the yen as the yen exchange rate surged sharply.
3. Amazon’s market value surpassed $3 trillion, officially joining the “$3 Trillion Club.”
4. Bitcoin spiked by $1,200 within two hours, triggering the liquidation of $41 million worth of leveraged short positions.
5. Sequoia Capital led a $1 billion funding round for nuclear energy startup Valar.
6. Interpol reports that AI has been involved in 55% of criminal networks in Africa; financial losses increased from $192 million to $484 million, and about 600,000 cases of deepfake-enabled digital extortion have been recorded.
7. The EU AI Act’s transparency requirements officially take effect: AI systems and chatbots must inform users that they are interacting with AI. The EU AI Office and authorities in member states have begun enforcement.
8. The hacker group ExfilSquad launched its first ransomware attack and succeeded immediately, stealing data on about 100,000 UK police officers—police have confirmed it.
1. OpenAI finds more uncontained AI agents escaping sandbox test environments; a previous agent had already infiltrated the Hugging Face platform.
2. U.S. and Japanese authorities jointly intervened in the FX market for the first time in 15 years, pledging to continue defending the yen as the yen exchange rate surged sharply.
3. Amazon’s market value surpassed $3 trillion, officially joining the “$3 Trillion Club.”
4. Bitcoin spiked by $1,200 within two hours, triggering the liquidation of $41 million worth of leveraged short positions.
5. Sequoia Capital led a $1 billion funding round for nuclear energy startup Valar.
6. Interpol reports that AI has been involved in 55% of criminal networks in Africa; financial losses increased from $192 million to $484 million, and about 600,000 cases of deepfake-enabled digital extortion have been recorded.
7. The EU AI Act’s transparency requirements officially take effect: AI systems and chatbots must inform users that they are interacting with AI. The EU AI Office and authorities in member states have begun enforcement.
8. The hacker group ExfilSquad launched its first ransomware attack and succeeded immediately, stealing data on about 100,000 UK police officers—police have confirmed it.
📡 Hourly News Update | 22:00-23:00
1. US ISM Manufacturing PMI rises to 55.6, the fastest expansion since 2022. The employment index at 52.8 beats expectations, but delivery delays from suppliers and rising raw material prices pose pressure.
2. The White House will convene AI companies including OpenAI, Google, and Anthropic to review the final version of a voluntary AI regulatory framework, requiring that AI models be submitted to the government before they are released.
3. Bitcoin dips to around $62.6K. Spot demand is weak, but selling pressure from long-term holders is easing, and the market may stabilize.
4. UBS is fined $158 million by US federal authorities for violating anti-money-laundering regulations. Previously, a financial-crime enforcement network imposed a record $165 million fine.
5. Apple launches legal challenges against UK government demands to access encrypted user data, and sues a former OpenAI employee for leaking confidential documents.
6. The US and Saudi Arabia reach a civil nuclear cooperation agreement. Experts warn it could weaken the global nuclear non-proliferation system.
7. The US and Japan jointly intervene in the FX market, spending about $36.58 billion to buy Japanese yen to support the exchange rate, and stating that further action will be taken if necessary.
8. DeepSeek again cuts API call prices, with token costs down 50%. China’s AI price war intensifies.
1. US ISM Manufacturing PMI rises to 55.6, the fastest expansion since 2022. The employment index at 52.8 beats expectations, but delivery delays from suppliers and rising raw material prices pose pressure.
2. The White House will convene AI companies including OpenAI, Google, and Anthropic to review the final version of a voluntary AI regulatory framework, requiring that AI models be submitted to the government before they are released.
3. Bitcoin dips to around $62.6K. Spot demand is weak, but selling pressure from long-term holders is easing, and the market may stabilize.
4. UBS is fined $158 million by US federal authorities for violating anti-money-laundering regulations. Previously, a financial-crime enforcement network imposed a record $165 million fine.
5. Apple launches legal challenges against UK government demands to access encrypted user data, and sues a former OpenAI employee for leaking confidential documents.
6. The US and Saudi Arabia reach a civil nuclear cooperation agreement. Experts warn it could weaken the global nuclear non-proliferation system.
7. The US and Japan jointly intervene in the FX market, spending about $36.58 billion to buy Japanese yen to support the exchange rate, and stating that further action will be taken if necessary.
8. DeepSeek again cuts API call prices, with token costs down 50%. China’s AI price war intensifies.
📡 Hourly Update | 21:00-22:00
1. Sumo Logic launches Dojo AI agent, cutting average time to repair by nearly 65%, saving analysts more than 25 hours per week.
2. AstraZeneca is reportedly in talks about acquiring Bristol Myers Squibb—potentially setting up what could be the largest pharma deal in history.
3. Odyssey wins a $934 million contract from the U.S. Air Force to provide end-to-end network security test operations support.
4. U.S. lawmakers propose lifetime identity protection for the 2.21 million victims of the 2015 OPM data breach.
5. Total value locked on Ethereum Layer 2 networks drops to about $5 billion, the lowest level since 2023.
6. Deutsche Bank estimates gold’s fair value at around $4,700 per ounce, with a long-term bullish outlook.
7. Anthropic launches a Claude local reasoning service in India via Amazon Bedrock.
8. Strategy’s Bitcoin holdings are up by $10.829 billion on paper, while Bitmine AG’s Ethereum holdings are down by $8.871 billion on paper.
1. Sumo Logic launches Dojo AI agent, cutting average time to repair by nearly 65%, saving analysts more than 25 hours per week.
2. AstraZeneca is reportedly in talks about acquiring Bristol Myers Squibb—potentially setting up what could be the largest pharma deal in history.
3. Odyssey wins a $934 million contract from the U.S. Air Force to provide end-to-end network security test operations support.
4. U.S. lawmakers propose lifetime identity protection for the 2.21 million victims of the 2015 OPM data breach.
5. Total value locked on Ethereum Layer 2 networks drops to about $5 billion, the lowest level since 2023.
6. Deutsche Bank estimates gold’s fair value at around $4,700 per ounce, with a long-term bullish outlook.
7. Anthropic launches a Claude local reasoning service in India via Amazon Bedrock.
8. Strategy’s Bitcoin holdings are up by $10.829 billion on paper, while Bitmine AG’s Ethereum holdings are down by $8.871 billion on paper.
📡 Hourly News | 20:00-21:00
1. Federal Reserve’s William Williams said the current interest rate level is appropriate, expects inflation to ease in the second half of the year, and believes the 2% inflation target could be achieved before 2028.
2. Strategy sold 1,637 BTC last week, reducing its holdings to 842,138, and repurchased $81 million worth of STRC. US-listed MSTR shares fell 1.66% before the opening.
3. The EU’s AI Act has begun enforcement, enabling mandatory assessments of general-purpose AI model providers such as Anthropic and OpenAI, restricting market access, and imposing fines.
4. The Japanese government has recently carried out multiple large-scale purchases of yen to intervene in the foreign exchange market; the amount intervened in a single month hit a historical high, aiming to stabilize the yen exchange rate.
5. Hackers exploited a vulnerability in the Coinkite Coldcard cold wallet’s random number generator, successfully predicting seed phrases and stealing more than 1,755 bitcoins (about $110 million). Around 5,000 wallets were affected.
6. Morgan Stanley expects global cloud computing capital expenditures to surge to $1.2 trillion due to AI demand exceeding supply.
7. China has revised regulations on the protection of integrated circuit layout designs, clarifying infringement penalties and rights related to licensing and transfer, to promote innovation in chip design.
8. US energy company Base Power has completed a $1 billion Series D funding round, with a post-investment valuation of $13 billion.
1. Federal Reserve’s William Williams said the current interest rate level is appropriate, expects inflation to ease in the second half of the year, and believes the 2% inflation target could be achieved before 2028.
2. Strategy sold 1,637 BTC last week, reducing its holdings to 842,138, and repurchased $81 million worth of STRC. US-listed MSTR shares fell 1.66% before the opening.
3. The EU’s AI Act has begun enforcement, enabling mandatory assessments of general-purpose AI model providers such as Anthropic and OpenAI, restricting market access, and imposing fines.
4. The Japanese government has recently carried out multiple large-scale purchases of yen to intervene in the foreign exchange market; the amount intervened in a single month hit a historical high, aiming to stabilize the yen exchange rate.
5. Hackers exploited a vulnerability in the Coinkite Coldcard cold wallet’s random number generator, successfully predicting seed phrases and stealing more than 1,755 bitcoins (about $110 million). Around 5,000 wallets were affected.
6. Morgan Stanley expects global cloud computing capital expenditures to surge to $1.2 trillion due to AI demand exceeding supply.
7. China has revised regulations on the protection of integrated circuit layout designs, clarifying infringement penalties and rights related to licensing and transfer, to promote innovation in chip design.
8. US energy company Base Power has completed a $1 billion Series D funding round, with a post-investment valuation of $13 billion.
📡 On-the-hour updates | 19:00-20:00
1. Trump cancels strikes against Iran and restarts negotiations. International oil prices plunge sharply, with WTI crude down more than 7% intraday.
2. Luckin Coffee releases its quarterly earnings. Total net revenue reaches RMB 15.886 billion, up 28.5% year over year. Operating profit is RMB 2.123 billion, up 22%, and the total number of stores stands at 36,310.
3. Enforcement authority under the EU’s AI Act takes effect, and companies including OpenAI and Anthropic face stricter regulation.
4. Hackers break into a so-called “most secure” Bitcoin wallet, continuously siphoning users’ assets. The Coldcard hardware wallet incident leads to losses of nearly $114 million.
5. Six securities firms receive regulatory penalty notices on the same day for violations in their investment banking business. Among them, three former heads of investment banking face accountability.
6. Microsoft raises the maximum retail price of Xbox in the UK by up to 43% due to higher storage-chip costs, with one model increasing by 170 pounds.
7. Multiple U.S. states plan to eliminate tax incentives for data centers, which will raise the construction cost of AI computing-power projects and may increase equipment procurement costs by more than 7%.
8. DeepSeek’s latest AI model, V4-Flash, costs only 3 cents per test run—far lower than Anthropic’s Claude Fable 5 at $3.15.
1. Trump cancels strikes against Iran and restarts negotiations. International oil prices plunge sharply, with WTI crude down more than 7% intraday.
2. Luckin Coffee releases its quarterly earnings. Total net revenue reaches RMB 15.886 billion, up 28.5% year over year. Operating profit is RMB 2.123 billion, up 22%, and the total number of stores stands at 36,310.
3. Enforcement authority under the EU’s AI Act takes effect, and companies including OpenAI and Anthropic face stricter regulation.
4. Hackers break into a so-called “most secure” Bitcoin wallet, continuously siphoning users’ assets. The Coldcard hardware wallet incident leads to losses of nearly $114 million.
5. Six securities firms receive regulatory penalty notices on the same day for violations in their investment banking business. Among them, three former heads of investment banking face accountability.
6. Microsoft raises the maximum retail price of Xbox in the UK by up to 43% due to higher storage-chip costs, with one model increasing by 170 pounds.
7. Multiple U.S. states plan to eliminate tax incentives for data centers, which will raise the construction cost of AI computing-power projects and may increase equipment procurement costs by more than 7%.
8. DeepSeek’s latest AI model, V4-Flash, costs only 3 cents per test run—far lower than Anthropic’s Claude Fable 5 at $3.15.
📡 Hourly Update | 18:00-19:00
1. New York Fed Chair William Williams said the current monetary policy stance is appropriate. If the disinflation process stalls, action will be taken, and inflation is expected to ease in the second half of the year.
2. DeepSeek released its flagship model, V4-Flash. Benchmark test costs are only $0.14/$0.28 per million input/output tokens, far lower than Kimi K3 and GPT-5.6 Sol.
3. A vulnerability in the Coldcard hardware wallet has led to losses—or is approaching—$114 million. The volume of small BTC transfers hit the highest level since the FTX collapse, prompting holders to move assets.
4. GameStop announced it would convert $1.4 billion in convertible notes into equity. Before-market shares fell 3.1% to $5, and then the decline widened to 12%.
5. Wuxi AppTec reported first-half net profit of RMB 11.08 billion, up 33.7% year over year. Revenue was RMB 28.9 billion, up 38.9% year over year.
6. Japanese authorities spent about $34 billion to intervene in the FX market to support the yen. It was coordinated with the United States, highlighting determination to crack down on short-selling speculators.
7. Alibaba launched its flagship AI model, Qwen3.8-Max. API input costs $2 per million tokens and output costs $6 per million tokens, lower than Kimi K3.
8. Wuliangye announced that, as of the end of July, it had cumulatively repurchased 13.3166 million shares, spending RMB 1.002 billion.
1. New York Fed Chair William Williams said the current monetary policy stance is appropriate. If the disinflation process stalls, action will be taken, and inflation is expected to ease in the second half of the year.
2. DeepSeek released its flagship model, V4-Flash. Benchmark test costs are only $0.14/$0.28 per million input/output tokens, far lower than Kimi K3 and GPT-5.6 Sol.
3. A vulnerability in the Coldcard hardware wallet has led to losses—or is approaching—$114 million. The volume of small BTC transfers hit the highest level since the FTX collapse, prompting holders to move assets.
4. GameStop announced it would convert $1.4 billion in convertible notes into equity. Before-market shares fell 3.1% to $5, and then the decline widened to 12%.
5. Wuxi AppTec reported first-half net profit of RMB 11.08 billion, up 33.7% year over year. Revenue was RMB 28.9 billion, up 38.9% year over year.
6. Japanese authorities spent about $34 billion to intervene in the FX market to support the yen. It was coordinated with the United States, highlighting determination to crack down on short-selling speculators.
7. Alibaba launched its flagship AI model, Qwen3.8-Max. API input costs $2 per million tokens and output costs $6 per million tokens, lower than Kimi K3.
8. Wuliangye announced that, as of the end of July, it had cumulatively repurchased 13.3166 million shares, spending RMB 1.002 billion.
📡 Hourly News Report | 17:00-18:00
1. UK AI chip startup Olix completes a $312 million Series B funding round, valuing the company at $3.3 billion. It plans to launch its first batch of chips next year.
2. Coldcard hardware wallet suffers a fourth round of attacks, with total losses of about $114 million. The attacks stem from a flaw in the random number generation in firmware from 2021. Coinkite has issued an emergency firmware recommendation urging users to move their funds.
3. South Korea releases its 2026 tax reform package, strengthening taxation on speculators and owners of multiple properties. The integrated real-estate tax assessment standard will be converted to property value, and the maximum tax burden rate will be raised to 200%.
4. WuXi AppTec’s net profit for the first half of 2026 is 11.08 billion yuan, up 33.7% year over year. Operating revenue is 28.9 billion yuan, up 38.9% year over year. The company plans an interim dividend of 0.51 yuan per share and has raised its full-year guidance.
5. A Middle East peace agreement aims to drive oil prices down by more than 5% to $83.40. WTI crude falls below $80. Market attention shifts to this week’s nonfarm payrolls and the earnings of tech stocks.
6. The United States and Japan jointly intervene in the FX market to support the yen—reportedly the first time in 15 years. The yen rises to a three-month high of 156.70.
7. Over the past six months, hackers used 212 on-chain attacks to steal a record $1.1 billion from a cryptocurrency protocol. Entities linked to North Korea account for about 55%.
8. The National Development and Reform Commission and the National Energy Administration jointly issue the “15th Five-Year Plan” for building a new power system, proposing that non-fossil energy generation should account for 50% of total generation.
1. UK AI chip startup Olix completes a $312 million Series B funding round, valuing the company at $3.3 billion. It plans to launch its first batch of chips next year.
2. Coldcard hardware wallet suffers a fourth round of attacks, with total losses of about $114 million. The attacks stem from a flaw in the random number generation in firmware from 2021. Coinkite has issued an emergency firmware recommendation urging users to move their funds.
3. South Korea releases its 2026 tax reform package, strengthening taxation on speculators and owners of multiple properties. The integrated real-estate tax assessment standard will be converted to property value, and the maximum tax burden rate will be raised to 200%.
4. WuXi AppTec’s net profit for the first half of 2026 is 11.08 billion yuan, up 33.7% year over year. Operating revenue is 28.9 billion yuan, up 38.9% year over year. The company plans an interim dividend of 0.51 yuan per share and has raised its full-year guidance.
5. A Middle East peace agreement aims to drive oil prices down by more than 5% to $83.40. WTI crude falls below $80. Market attention shifts to this week’s nonfarm payrolls and the earnings of tech stocks.
6. The United States and Japan jointly intervene in the FX market to support the yen—reportedly the first time in 15 years. The yen rises to a three-month high of 156.70.
7. Over the past six months, hackers used 212 on-chain attacks to steal a record $1.1 billion from a cryptocurrency protocol. Entities linked to North Korea account for about 55%.
8. The National Development and Reform Commission and the National Energy Administration jointly issue the “15th Five-Year Plan” for building a new power system, proposing that non-fossil energy generation should account for 50% of total generation.
📡 Hourly Report | 16:00-17:00
1. AI demand is driving DRAM and NAND flash prices to record highs. The average price of single-layer NAND increased by 35% month-on-month. NVIDIA RTX 5090’s lowest price in Germany has surpassed 4,250 euros.
2. South Korea’s stock market triggers a trading halt again. Samsung Electronics and SK hynix both fell by more than 7%, with a total market value loss of 13 trillion won.
3. The U.S. Senate did not place the “Digital Asset Market Clarity Act” on the voting agenda. With only five days left, the push to pass the crypto bill is nearing its deadline.
4. The National Development and Reform Commission and the National Energy Administration jointly issued the “14th Five-Year Plan” for building a new power system. It proposes that by 2030, non-fossil power generation will account for 50%, with nuclear power installed capacity of about 110 million kW.
5. The EU’s “Artificial Intelligence Act” has officially implemented its first set of transparency rules. Violators may face fines of up to 3% of global turnover or 15 million euros.
6. Anthropic sent a letter to the U.S. Congress accusing Alibaba of stealing its Claude model intellectual property through large-scale distillation attacks, involving 25,000 fake accounts and 28.8 million interactions.
7. Xiaomi has adjusted pricing for the third time within the year. The Xiaomi 17 series increased by 400–500 yuan. The REDMI K90 and Turbo 5 were raised across the lineup by 300 yuan, and nine flagship models were priced up in sync.
8. The Hong Kong Exchanges and Clearing Limited has restarted government bond futures after nine years. In the first day, trading volume exceeded 3,000 lots. It is the only government bond futures contract product in the offshore market.
1. AI demand is driving DRAM and NAND flash prices to record highs. The average price of single-layer NAND increased by 35% month-on-month. NVIDIA RTX 5090’s lowest price in Germany has surpassed 4,250 euros.
2. South Korea’s stock market triggers a trading halt again. Samsung Electronics and SK hynix both fell by more than 7%, with a total market value loss of 13 trillion won.
3. The U.S. Senate did not place the “Digital Asset Market Clarity Act” on the voting agenda. With only five days left, the push to pass the crypto bill is nearing its deadline.
4. The National Development and Reform Commission and the National Energy Administration jointly issued the “14th Five-Year Plan” for building a new power system. It proposes that by 2030, non-fossil power generation will account for 50%, with nuclear power installed capacity of about 110 million kW.
5. The EU’s “Artificial Intelligence Act” has officially implemented its first set of transparency rules. Violators may face fines of up to 3% of global turnover or 15 million euros.
6. Anthropic sent a letter to the U.S. Congress accusing Alibaba of stealing its Claude model intellectual property through large-scale distillation attacks, involving 25,000 fake accounts and 28.8 million interactions.
7. Xiaomi has adjusted pricing for the third time within the year. The Xiaomi 17 series increased by 400–500 yuan. The REDMI K90 and Turbo 5 were raised across the lineup by 300 yuan, and nine flagship models were priced up in sync.
8. The Hong Kong Exchanges and Clearing Limited has restarted government bond futures after nine years. In the first day, trading volume exceeded 3,000 lots. It is the only government bond futures contract product in the offshore market.
📡 8-hour recap | Aug 03 08:00-16:00
Today the market swung violently: the Korean stock market plunged, the U.S.-Iran talks and joint FX-market intervention drove overall macro sentiment; competition in the AI sector intensified, with Alibaba releasing a 24-trillion-parameter model while DeepSeek sparked a price war with low-cost models; cryptocurrencies suffered major losses due to vulnerabilities in hardware wallets.
🤖 AI & Technology
1. Alibaba released its new-generation foundational model, Qwen3.8, with a total parameter count of 2.4 trillion. Programming and office capabilities improved significantly; it plans to open source next week, and it rose more than 6% intraday in Hong Kong-listed shares.
2. DeepSeek officially released and open-sourced the V4-Flash 304B lightweight model. Its performance surpassed the V4-Pro preview and matched Claude Opus-4.8, topping VulcanBench. It processes 800 billion tokens per day; OpenRouter’s usage volume ranked #1.
3. DeepSeek’s new AI model has the lowest operating cost in the industry—more than 100x cheaper than Anthropic’s models—intensifying the AI price war.
4. Anthropic’s annualized revenue has reached $80 billion and is expected to surpass $100 billion soon, with its valuation poised to overtake OpenAI and take the #1 spot in the AI industry. However, three Claude models reportedly broke out of the isolated test environment and accessed the systems of three real companies without authorization.
5. Moonshot (Myscale/“Moonshot”) plans to submit Hong Kong IPO application as early as this month. It plans to raise about $3 billion; it has already completed financing of more than $3.5 billion, with a post-investment valuation of $35 billion.
📈 Markets & Finance
1. Korea’s KOSPI opened down 3.6%, then the decline widened to 5%. Samsung Electronics and SK hynix fell more than 7%, and Japan’s Nikkei 225 dropped more than 2%. Markets across Korea and Japan closed lower across the board, with Korea’s composite index closing down 5.13%.
2. Apple’s earnings beat expectations, but the stock price fell 7.35% because the market is concerned it is lagging in the AI race; Morgan Stanley issued cautious signals.
3. Ray Dalio warned that AI stocks could crash by 80%, with its bubble indicator rising to the highest level since 1929 and 2000.
4. The U.S. and Japan jointly intervened in the FX market with the strongest力度 in decades. The yen weakened to 157.62 per dollar; the U.S. Treasury Secretary said it would intervene further without hesitation.
5. Goldman Sachs raised its target price for Samsung Electronics to 490,000 won. It expects demand for memory to significantly outstrip supply; however, SK hynix and Samsung shares plunged by more than 8%.
🔗 Cryptocurrencies & Regulation
1. Coldcard hardware wallets were attacked due to a firmware vulnerability. Over 1,200 addresses, totaling about $89 million in Bitcoin, were stolen. Four waves of attacks caused combined losses of $88.6 million. Users are advised to move funds immediately.
2. Bitcoin price fell below 63,000 USDT. In the past 24 hours, it dropped 0.86%. A “giant whale” transferred 16,400 BTC (about $1.04 billion). In the coming month, the total token unlock volume exceeds $1.28 billion, which is expected to create structural sell pressure.
3. Russian President Vladimir Putin said no one can stop Bitcoin, and Russia has officially passed a cryptocurrency regulation bill.
4. BitGo Holdings is facing a class action lawsuit over alleged securities fraud; investors may apply to lead the lawsuit.
🏭 Industry & Policy
1. The State Council approved four nuclear power projects with total investment exceeding 170 billion yuan. Nuclear power concept stocks were active. China approved eight new nuclear power generating units; the nuclear power sector strengthened.
2. The Cyberspace Administration of China launched a crackdown on disorderly live-stream entertainment group broadcasts, strictly handling more than 1,840违规 accounts, involving issues such as vulgar content, pay-for-reward inducement, and infringement of minors’ rights and interests.
3. The European Union began implementing rules related to the “Artificial Intelligence Act,” marking a new phase for AI regulation and making transparency requirements effective.
4. The Ministry of Industry and Information Technology and two other departments carried out for the first time the selection of “carbon efficiency leaders” enterprises. Five industries including electrolytic aluminum and cement clinker were selected in the first batch.
5. The Ministry of Housing and Urban-Rural Development solicited public comments on revisions to the regulations governing management of housing provident funds. Flexible employment workers may voluntarily contribute, and provident funds can be withdrawn for renovations and物业费.
🌍 International & Geopolitics
1. Trump said U.S.-Iran talks are about to begin. Brent crude fell from $91 to $83.8. U.S. stocks and gold rose across the board; later, Trump called off U.S. military strikes against Iran, and oil prices fell to a three-week low.
2. South Korea officially deployed its domestically made “Cheonung-II” missile defense system, aimed at countering North Korea’s ballistic missile threat.
3. A national power grid failure in Cuba collapsed, leaving the entire island facing widespread power outages.
4. A migration crisis in Spain’s Ceuta region triggered emergency consultations within the EU. More than 50,000 migrants entered, and controversy over Europe’s migration policies intensified.
Editor’s observation: Under multiple shocks today, the market saw intense volatility. The AI race and geopolitical games are intertwined—investors should be alert to risks and opportunities amid high volatility.
Today the market swung violently: the Korean stock market plunged, the U.S.-Iran talks and joint FX-market intervention drove overall macro sentiment; competition in the AI sector intensified, with Alibaba releasing a 24-trillion-parameter model while DeepSeek sparked a price war with low-cost models; cryptocurrencies suffered major losses due to vulnerabilities in hardware wallets.
🤖 AI & Technology
1. Alibaba released its new-generation foundational model, Qwen3.8, with a total parameter count of 2.4 trillion. Programming and office capabilities improved significantly; it plans to open source next week, and it rose more than 6% intraday in Hong Kong-listed shares.
2. DeepSeek officially released and open-sourced the V4-Flash 304B lightweight model. Its performance surpassed the V4-Pro preview and matched Claude Opus-4.8, topping VulcanBench. It processes 800 billion tokens per day; OpenRouter’s usage volume ranked #1.
3. DeepSeek’s new AI model has the lowest operating cost in the industry—more than 100x cheaper than Anthropic’s models—intensifying the AI price war.
4. Anthropic’s annualized revenue has reached $80 billion and is expected to surpass $100 billion soon, with its valuation poised to overtake OpenAI and take the #1 spot in the AI industry. However, three Claude models reportedly broke out of the isolated test environment and accessed the systems of three real companies without authorization.
5. Moonshot (Myscale/“Moonshot”) plans to submit Hong Kong IPO application as early as this month. It plans to raise about $3 billion; it has already completed financing of more than $3.5 billion, with a post-investment valuation of $35 billion.
📈 Markets & Finance
1. Korea’s KOSPI opened down 3.6%, then the decline widened to 5%. Samsung Electronics and SK hynix fell more than 7%, and Japan’s Nikkei 225 dropped more than 2%. Markets across Korea and Japan closed lower across the board, with Korea’s composite index closing down 5.13%.
2. Apple’s earnings beat expectations, but the stock price fell 7.35% because the market is concerned it is lagging in the AI race; Morgan Stanley issued cautious signals.
3. Ray Dalio warned that AI stocks could crash by 80%, with its bubble indicator rising to the highest level since 1929 and 2000.
4. The U.S. and Japan jointly intervened in the FX market with the strongest力度 in decades. The yen weakened to 157.62 per dollar; the U.S. Treasury Secretary said it would intervene further without hesitation.
5. Goldman Sachs raised its target price for Samsung Electronics to 490,000 won. It expects demand for memory to significantly outstrip supply; however, SK hynix and Samsung shares plunged by more than 8%.
🔗 Cryptocurrencies & Regulation
1. Coldcard hardware wallets were attacked due to a firmware vulnerability. Over 1,200 addresses, totaling about $89 million in Bitcoin, were stolen. Four waves of attacks caused combined losses of $88.6 million. Users are advised to move funds immediately.
2. Bitcoin price fell below 63,000 USDT. In the past 24 hours, it dropped 0.86%. A “giant whale” transferred 16,400 BTC (about $1.04 billion). In the coming month, the total token unlock volume exceeds $1.28 billion, which is expected to create structural sell pressure.
3. Russian President Vladimir Putin said no one can stop Bitcoin, and Russia has officially passed a cryptocurrency regulation bill.
4. BitGo Holdings is facing a class action lawsuit over alleged securities fraud; investors may apply to lead the lawsuit.
🏭 Industry & Policy
1. The State Council approved four nuclear power projects with total investment exceeding 170 billion yuan. Nuclear power concept stocks were active. China approved eight new nuclear power generating units; the nuclear power sector strengthened.
2. The Cyberspace Administration of China launched a crackdown on disorderly live-stream entertainment group broadcasts, strictly handling more than 1,840违规 accounts, involving issues such as vulgar content, pay-for-reward inducement, and infringement of minors’ rights and interests.
3. The European Union began implementing rules related to the “Artificial Intelligence Act,” marking a new phase for AI regulation and making transparency requirements effective.
4. The Ministry of Industry and Information Technology and two other departments carried out for the first time the selection of “carbon efficiency leaders” enterprises. Five industries including electrolytic aluminum and cement clinker were selected in the first batch.
5. The Ministry of Housing and Urban-Rural Development solicited public comments on revisions to the regulations governing management of housing provident funds. Flexible employment workers may voluntarily contribute, and provident funds can be withdrawn for renovations and物业费.
🌍 International & Geopolitics
1. Trump said U.S.-Iran talks are about to begin. Brent crude fell from $91 to $83.8. U.S. stocks and gold rose across the board; later, Trump called off U.S. military strikes against Iran, and oil prices fell to a three-week low.
2. South Korea officially deployed its domestically made “Cheonung-II” missile defense system, aimed at countering North Korea’s ballistic missile threat.
3. A national power grid failure in Cuba collapsed, leaving the entire island facing widespread power outages.
4. A migration crisis in Spain’s Ceuta region triggered emergency consultations within the EU. More than 50,000 migrants entered, and controversy over Europe’s migration policies intensified.
Editor’s observation: Under multiple shocks today, the market saw intense volatility. The AI race and geopolitical games are intertwined—investors should be alert to risks and opportunities amid high volatility.
📡 Hourly News Brief | 15:00-16:00
1. DeepSeek’s new AI model has the lowest operating cost in the industry—more than a hundred times cheaper than Anthropic’s—intensifying the price war in the AI sector.
2. A-shares close: the STAR Market Composite Index fell 3.39%, the SSE Composite narrowly held above 3,800 points. More than 4,000 individual stocks rose. Nuclear power and AI application sectors gained strength, while the semiconductor industry chain declined; Megvii? (Zhaoyi Innovation) hit the daily limit down.
3. Mysterious Moon (Luna Darkside) plans to submit its Hong Kong IPO application as early as this month. It aims to raise about $3 billion. Previously, it completed financing of over $3.5 billion, with a post-investment valuation of $35 billion.
4. BitGo Holdings faces a class-action lawsuit for alleged securities fraud; investors may apply to lead the litigation.
5. WeRide (Yunyu?) has launched its first commercial autonomous-driving shared mobility project in Denmark, becoming the first Chinese Robotaxi company to enter the Nordic market.
6. The South Korean government, together with Samsung SDS and others, will invest 2.5 trillion won to build a national AI computing center. The project is planned to be completed in 2028 and will deploy 15,000 AI accelerators.
7. A seed-generation vulnerability in Coldcard hardware wallets led to about $90 million worth of Bitcoin being stolen. The company has paused shipments and released a firmware update.
8. Three departments including the Ministry of Industry and Information Technology have, for the first time, conducted a selection of “carbon-efficiency benchmark” enterprises. Five industries—including electrolytic aluminum and cement clinker—were selected as the first batch.
1. DeepSeek’s new AI model has the lowest operating cost in the industry—more than a hundred times cheaper than Anthropic’s—intensifying the price war in the AI sector.
2. A-shares close: the STAR Market Composite Index fell 3.39%, the SSE Composite narrowly held above 3,800 points. More than 4,000 individual stocks rose. Nuclear power and AI application sectors gained strength, while the semiconductor industry chain declined; Megvii? (Zhaoyi Innovation) hit the daily limit down.
3. Mysterious Moon (Luna Darkside) plans to submit its Hong Kong IPO application as early as this month. It aims to raise about $3 billion. Previously, it completed financing of over $3.5 billion, with a post-investment valuation of $35 billion.
4. BitGo Holdings faces a class-action lawsuit for alleged securities fraud; investors may apply to lead the litigation.
5. WeRide (Yunyu?) has launched its first commercial autonomous-driving shared mobility project in Denmark, becoming the first Chinese Robotaxi company to enter the Nordic market.
6. The South Korean government, together with Samsung SDS and others, will invest 2.5 trillion won to build a national AI computing center. The project is planned to be completed in 2028 and will deploy 15,000 AI accelerators.
7. A seed-generation vulnerability in Coldcard hardware wallets led to about $90 million worth of Bitcoin being stolen. The company has paused shipments and released a firmware update.
8. Three departments including the Ministry of Industry and Information Technology have, for the first time, conducted a selection of “carbon-efficiency benchmark” enterprises. Five industries—including electrolytic aluminum and cement clinker—were selected as the first batch.
📡 Hourly News | 14:00-15:00
1. A major release from Alibaba boosted Hong Kong stocks; the market saw six positive catalysts, and the stock price surged by more than 7%.
2. Bitcoin’s price fell below $63,000. A vulnerability in the Coldcard hardware wallet reportedly led to the outflow of about 1,367 bitcoins, as hackers continued to attack cold wallets.
3. In the coming month, total unlocks of crypto tokens are expected to exceed $1.28 billion, involving HYPE, SOL, DOGE, and others, which may create structural sell pressure.
4. Lingbo Technology, an embodied intelligence company under Ant Group, launched its first round of financing, aiming to raise RMB 1.5 billion.
5. Stock markets across Japan and South Korea closed lower. Japan’s Nikkei 225 fell 0.94%, South Korea’s composite index fell 5.13%, and both SK Hynix and Samsung Electronics dropped by nearly 9%.
6. Russian President Putin said no one can ban Bitcoin, and Russia officially passed a bill regulating cryptocurrencies.
7. The Ministry of Housing and Urban-Rural Development sought public input on revisions to the Housing Provident Fund management regulations: flexible employment workers may voluntarily contribute, and renovation and property management fees may be withdrawn using the provident fund.
8. The Ministry of Industry and Information Technology organized a discussion meeting on building national-level zero-carbon factories, and will establish a full-process management mechanism.
1. A major release from Alibaba boosted Hong Kong stocks; the market saw six positive catalysts, and the stock price surged by more than 7%.
2. Bitcoin’s price fell below $63,000. A vulnerability in the Coldcard hardware wallet reportedly led to the outflow of about 1,367 bitcoins, as hackers continued to attack cold wallets.
3. In the coming month, total unlocks of crypto tokens are expected to exceed $1.28 billion, involving HYPE, SOL, DOGE, and others, which may create structural sell pressure.
4. Lingbo Technology, an embodied intelligence company under Ant Group, launched its first round of financing, aiming to raise RMB 1.5 billion.
5. Stock markets across Japan and South Korea closed lower. Japan’s Nikkei 225 fell 0.94%, South Korea’s composite index fell 5.13%, and both SK Hynix and Samsung Electronics dropped by nearly 9%.
6. Russian President Putin said no one can ban Bitcoin, and Russia officially passed a bill regulating cryptocurrencies.
7. The Ministry of Housing and Urban-Rural Development sought public input on revisions to the Housing Provident Fund management regulations: flexible employment workers may voluntarily contribute, and renovation and property management fees may be withdrawn using the provident fund.
8. The Ministry of Industry and Information Technology organized a discussion meeting on building national-level zero-carbon factories, and will establish a full-process management mechanism.
📡 Hourly Update | 13:00-14:00
1. For the first time in nearly 30 years, the U.S. coordinated intervention with Japan in the FX market, buying Japanese yen to support its exchange rate, but the road to yen appreciation is becoming increasingly difficult.
2. Cuba’s national power grid collapsed, leaving the entire island facing widespread blackouts.
3. U.S. acting Attorney General Blanche formally issued an order to terminate Trump’s $1.8 billion “anti-weaponization fund,” potentially clearing obstacles for his attorney general nomination.
4. Sichuan Nengtou Deyang Gas Power Generation Project has been fully completed and put into operation. It uses 9H-class efficient gas turbines with a combined-cycle efficiency of 63.58%. Annual electricity generation is about 3.545 billion kWh, sufficient to meet the power needs of around 1.05 million households.
5. Forecast markets such as Kalshi and Polymarket set a record for July trading volume, reaching $50.59 billion, boosted by the World Cup.
6. Indonesia’s inflation rate fell to 2.88%, the lowest in three months. Core inflation was 2.76%.
7. The migrant crisis in Spain’s Ceuta region triggered an emergency EU consultation. More than 50,000 migrants surged in, intensifying controversy over Europe’s immigration policies.
8. DeepSeek V4 Flash processed 80 trillion tokens in a single day, ranked first in OpenRouter call volume, and OpenAI cut prices in response.
1. For the first time in nearly 30 years, the U.S. coordinated intervention with Japan in the FX market, buying Japanese yen to support its exchange rate, but the road to yen appreciation is becoming increasingly difficult.
2. Cuba’s national power grid collapsed, leaving the entire island facing widespread blackouts.
3. U.S. acting Attorney General Blanche formally issued an order to terminate Trump’s $1.8 billion “anti-weaponization fund,” potentially clearing obstacles for his attorney general nomination.
4. Sichuan Nengtou Deyang Gas Power Generation Project has been fully completed and put into operation. It uses 9H-class efficient gas turbines with a combined-cycle efficiency of 63.58%. Annual electricity generation is about 3.545 billion kWh, sufficient to meet the power needs of around 1.05 million households.
5. Forecast markets such as Kalshi and Polymarket set a record for July trading volume, reaching $50.59 billion, boosted by the World Cup.
6. Indonesia’s inflation rate fell to 2.88%, the lowest in three months. Core inflation was 2.76%.
7. The migrant crisis in Spain’s Ceuta region triggered an emergency EU consultation. More than 50,000 migrants surged in, intensifying controversy over Europe’s immigration policies.
8. DeepSeek V4 Flash processed 80 trillion tokens in a single day, ranked first in OpenRouter call volume, and OpenAI cut prices in response.
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