律动BlockBeats

Original title: (Will a 540 million token airdrop be confiscated? OP governance voting turns into an internal war)
Original author: Mahe, Foresight News
In early August, the Optimism Foundation formally submitted a proposal to the governance forum. It plans to reallocate the remaining 546.9 million OP from the user token airdrop distribution as a “Strategic Ecosystem Fund,” because it may materially affect token holders’ expectations for future airdrops and therefore requires approval through voting. The vote started at 12:07 Beijing time on August 14 and will end at 12:07 on August 20.
According to the latest on-chain data to date, the number of votes in favor is about 9.105 million OP, while the number of votes against is about 4.258 million OP. The statutory quorum requirement is approximately 16.54 million OP; however, the current participation level still falls significantly short of meeting the threshold. The voting outcome has not yet been finalized, and the community’s ongoing struggle is continuing.

It’s going up丨Up six, the surge of sound BeatZ
A $70 million Hillsborough mansion shows the most concrete example of the AI wealth-creation boom.
On August 6, in the northern part of the San Francisco Peninsula, a newly formed LLC bought a 12-acre estate. The main residence is 12,000 square feet, plus a 4,600-square-foot guest house; a tennis court, an 18-hole par-3 golf course, an 18-hole putting-green area, an outdoor theater, a koi pond, a 2,100-gallon aquarium, and a replica of the Bellagio-style fountain—everything is set on a hillside surrounded by trees.
The mansion bought for $70 million by Wu Yuhui, former co-founder of xAI,

BlockBeats message: On August 18, the China Securities Regulatory Commission (Hong Kong) said it welcomes today’s announcement by the National Financial Regulatory Administration that it will actively support Mainland insurance funds in participating in mutual financial market access between the Mainland and Hong Kong. It supports Mainland insurance institutions in investing in and trading funds listed on the Hong Kong Exchanges and Clearing Limited (HKEX) through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. This policy will further enrich the choices for Mainland insurance institutions to allocate offshore assets via Hong Kong, demonstrating the National Financial Regulatory Administration’s support for continuously deepening mutual financial market access between the Mainland and Hong Kong.
The Chairman of the Hong Kong Securities Regulatory Commission, Dr. Huang Tianyou, said: “We sincerely thank the National Financial Regulatory Administration for its steadfast support over the years for the development of Hong Kong’s capital market and for mutual financial market access between the Mainland and Hong Kong. This new policy broadens the channels for Mainland insurance funds to allocate offshore assets in a diversified way, and it reflects the country’s determination to deepen high-level financial opening, as well as the Central Government’s support for continuing to enhance financial cooperation between the two places. We believe that the relevant arrangements will further promote coordinated development of the capital markets in both regions.”

Original title: (Huang Renxun, Otman, Sun Yanzi "Huddling Together for 20 Years")
Original author: Su Yang, Tencent Technology
OpenAI is moving to lock in computing power for the next 20 years in advance, and Nvidia is also reaching beyond chips.
On August 17, local time in the United States, Nvidia, OpenAI, and SB Energy—under SoftBank—confirmed their cooperation to build a large data center in the U.S. Among them, SB Energy is responsible for development and operations, OpenAI will be the customer, and the data center will use Nvidia’s computing power entirely.
In a three-party transaction, the role played by Nvidia is what draws the most attention. It is both a computing power supplier and provides a top-tier backstop of up to $105 billion for OpenAI’s long-term lease, while also directly investing in project construction. What was originally a deal among developers, tenants, and financing institutions now has an additional layer: a chip company’s presence.

BlockBeats message: On August 18, according to TradingBeats (formerly Hyperinsight) monitoring, trader “LucasMeow” currently holds a total of approximately $15.889 million in BTC and ETH short positions on Hyperliquid. At the same time, he has invested around $466,700 on Polymarket, setting up a cross-platform “insurance” package for the shorts.
Currently, he shorts 100 BTC using 40x full-margin leverage, with a position value of about $6.412 million; he also shorts 5,000 ETH using 25x full-margin leverage, with a position value of about $9.477 million. The two short positions combined have an unrealized profit of about $503,000, with margin used of about $539,000.

A film so crudely made it’s almost amateur—because the title happened to collide with the market’s expectations of a “bull market,” it unexpectedly turned into a financial narrative. While people were talking about “Niu Lai” on A-shares, the same-named meme coin quickly appeared on BSC as well. This joke that heavily relies on Chinese context was soon translated by English accounts into a whole new set of wording.
On the “Niu Lai” page of the Fomo App launch platform, Quarterty calls it a “symbol of kick-starting global finance,” frankdegods says it’s “a meme that, in the literal sense, changed the trend of A-shares,” and Rowdy wrote: “The China stocks related to ‘Niu Lai’ have once again hit the daily limit—+10%... You can’t cap the upside of ‘Niu Lai.’ The bull is right here.”

TL;DR
· Korea’s Q2 household credit official initial figures will be released on August 19. Based on month-on-month loan incremental calculations, the outstanding balance may approach or even exceed 2000 trillion won.
· The Bank of Korea raised rates to 2.75% in July. M&G believes market pricing for further rate hikes and bond issuance may be overly hawkish.
· Related underlying assets: Korea government bonds, the Korean won, Korea bank stocks, Samsung Electronics, SK Hynix.
The Bank of Korea will raise the benchmark interest rate by 25 basis points to 2.75% on July 16, and will factor in housing prices, growth in household loans, and pressures on financial stability.

TL;DR
· The 30-year U.S. Treasury yield briefly rose to around 5.3% intraday, and buying demand was weak in the long-dated bond auction.
· The AI financing boom is amplifying competition for long-term capital, forcing technology stock valuations to face higher discount rates.
· Related instruments: TLT, TMF, NVDA, AMZN, GOOGL, MSFT, REITs, mortgage-related assets.
The 30-year U.S. Treasury yield briefly rose to around 5.3% intraday, pushing the long-term cost of capital back into the high range seen before and after the financial crisis.
This will affect equity investors, because long-end interest rates are the underlying discount rate for asset valuation. The higher the rate, the less valuable future cash flows are when discounted back to today. Growth stocks, AI infrastructure, real estate, and long-duration bonds will all be repriced by the market.

TL;DR
· After researching 12 technology companies during WAIC, UBS grew even more optimistic about China’s AI industry chain. The key rationale is not conceptual hype, but the synchronized strengthening of model iteration, adoption of domestic compute, and demand for infrastructure.
· Semiconductors and equipment are the fastest-rising sectors in July’s institutional research interest, reflecting that capital is beginning to flow along AI demand into domestic chips, equipment, and advanced packaging.
· Domestic AI infrastructure is shifting from single-card competition to SuperPod, network interconnects, and system optimization. At its core, cluster capabilities are being used to close the performance gap between individual chips.

Accompanied by a movie with an extremely high Rotten Tomatoes index— the film “Bull Run” suddenly exploded in China. The meme coin of the same name has rapidly surged since Saturday. As of the time of writing, according to GMGN market data, the meme coin “Bull Run” has a market cap of nearly $40 million, and it has surged 400x in just 3 days.
However, when reviewing the GMGN profit leaderboard, it’s not hard to see that during this “bull run” cycle, the performance of Chinese crypto newcomers hasn’t been very impressive— the biggest profit address earned less than $80,000. Among the top 6 entries on the profit list, surprisingly, 5 are from the fomo platform. BlockBeats therefore summarizes below the trading trails in the “bull run” cycle of the 5 most profitable accounts on the fomo platform for “bull run.”

Original title: (Anthropic, Dario Amodei, and “the last private company”)
Original author: Beating (动察)
There are two competing stories about Anthropic’s founder, Dario Amodei—contradictory, yet both make sense.
One story goes that he is the clearest-eyed night watchman of this era. While the whole world is pressing the accelerator toward the cliff of superintelligence, only he is willing to stand by the roadside, calling out again and again: Ahead lies the abyss.
Another story is that he is one of the most ambitious men in Silicon Valley. He leads the world’s strongest AI company, working day and night to build—step by step, by hand—the very future that everyone warned about.

Video title: Silicon Valley Coordinates x Fireworks Co-founder Benny Chen: open-source models, token growth, inference optimization, and model customization
Video author: Silicon Valley Vector
Edited by: Peggy, BlockBeats
Editor’s note: Against the backdrop of open-source models accelerating toward the closed-source frontier and ongoing declines in inference prices, industry discussions are shifting from “who has the strongest model capabilities” to “who can deploy models into production at lower cost.” But when model capabilities converge and rising token consumption becomes a shared concern, a more fundamental question starts to emerge: What are enterprises truly willing to pay for—cheaper model calls, or proprietary intelligence that can reliably complete specific tasks?

Original title: (Admits failure after seven months, and Farcaster is once again looking for a successor)
Original author: ChandlerZ, Foresight News
Farcaster has started preparations for a second handover of operational control in less than seven months. On August 18, Neynar co-founder Rishav Mukherji said the company has launched a process to find new homes and operating teams for Farcaster, Clanker, and Neynar-related products. It is currently in talks with several potential teams that could be a good fit for operating decentralized social applications and developer products.
Rishav Mukherji admits that Neynar failed to achieve the goals set at the beginning of the year when it took over Farcaster, and that the current team is also not suitable for the next stage. He summarizes the conditions facing Farcaster as a tightly knit community, a flagship application with operational costs that are not low, and a market where growth is slow. This combination needs a different organizational and funding structure than Neynar’s.

BlockBeats news: On August 18, according to people familiar with the matter, Sequoia China has held preliminary discussions with investors regarding multiple funds, including its first US dollar fund since its “solo flight” (i.e., going independent). The sources said the investment firm is discussing raising at least US$1.2 billion for a fund to invest at an early stage, to support companies in the AI, healthcare, and consumer sectors.
Sequoia China has been led by沈南鹏 since 2005. They also said that Sequoia China is considering setting up a growth fund, but the timing and size have not yet been determined. One person added that the company is also considering a RMB-denominated fund.