RecodeX

📡 Hourly Broadcast | 01:00-02:00

1. Coldcard Bitcoin wallet attacked by hackers; the third wave of theft resulted in the loss of around 1,367 BTC (about $88 million). The incident involved 4,585 addresses. Manufacturer Coinkite was criticized for a privacy breach due to retaining customer email addresses.

2. Iran’s Ministry of Foreign Affairs reiterated that the Strait of Hormuz will not return to its pre-conflict state, warning that if the U.S. attacks Iranian infrastructure, it will spread to the entire region. Geopolitical tensions may affect oil prices and global risk sentiment.

3. Trump said that as long as the U.S. can quickly reach an agreement with Iran to end its nuclear program and reopen the Strait of Hormuz, the U.S. will hold off on a new round of strikes against Iran.

4. Hyperliquid launched a 7-day TWAP order feature, allowing users to execute large orders over a week to reduce market impact.

5. After the Stacks network PoX-5 upgrade, all staked STX must be re-staked before Bitcoin block 962,050 to receive rewards for the first cycle after the fork.

6. Novo Nordisk’s experimental heart disease drug Ziltivekimab failed to meet the primary endpoint in large-scale late-stage trials, causing the stock price to plunge.

7. A bipartisan proposal in the U.S. Congress requires AI developers to implement emergency shutoff mechanisms for their models to address the risk of runaway AI.

8. Universal Pictures became this year’s first film studio to surpass $4 billion in global box office, and Nolan’s “Odyssey” is nearing $1 billion worldwide.

📡 Hourly Update | 00:00-01:00

1. Due to the cancellation of interest payments on digital dollars under the new Federal regulations, the total market supply of stablecoins decreased by approximately $14.56 billion—its largest drop since the Terra incident. Over the past seven days alone, an additional $2.767 billion has flowed out.

2. SpaceX released its financial report for the first time, marking the first time its financial performance has been publicly disclosed.

3. Uber CTO forms Agentic Pods integrated into the finance, legal, and HR departments. AI agents reduce capital allocation tasks from 15 hours to 30 minutes, and cut financial reporting time from 2 days to 10 minutes.

4. U.S. measles cases reach a 35-year high. Health Secretary Robert F. Kennedy Jr. urges parents to vaccinate their children against measles and denies responsibility for the rise in cases.

5. The NEAR protocol releases nearcore 2.13, including FIPS-204 quantum-resistant signatures and dynamic re-sharding. It has been deployed on the mainnet.

6. The number of people using cannabis for everyday purposes in the U.S. exceeds the number of people drinking alcohol for everyday purposes for the first time, becoming an important milestone.

7. Changes to the UK Employment Rights Act: starting next year, employees with six months of service will be able to claim unfair dismissal, replacing the current two-year requirement. Small and medium-sized enterprises face increased compliance burdens.

8. During nighttime attacks, the Ukrainian military targeted the oil company’s refinery in Saratov, Russia, and struck the Engels airfield.

📡 Entrepreneurship & Investment Daily | August 02

Today, the financing market was active. Large rounds frequently appeared in areas such as AI infrastructure, healthcare, and enterprise services, while multiple M&A deals reshaped industry landscapes.

🚀 Primary Market Financing

1. Moonshot (Moon) completed a $3.5 billion Series F round. The funds will be used for R&D of AI foundation models.

2. Anthropic secured a $15 billion funding round led by Morgan Stanley, to build an AI park in Texas.

3. Antora Energy completed a $550 million Series C round, jointly led by G2 Venture Partners and Eclipse, for the commercialization of thermal battery technology.

4. CuspAI completed a $450 million Series B round with a valuation of $2.6 billion. Bezos participated as an investor, and the funds will be used for AI materials R&D.

5. Sarvam AI completed $234 million in funding, advancing to Indian unicorn status. The funds will be used to develop AI models.

6. LemonEdge raised $21 million in a Series A round led by Blackstone Innovations, for private-market fund accounting software.

7. Ukko Renewable raised $50 million for renewable energy projects in Southeast Asia.

8. Ahead Health raised $10 million, led by 3VC and RTP Global, to expand into the German and Dutch markets.

9. Ellis secured over $10 million in seed funding, led by First Round Capital, to build an AI-native operations platform.

10. Fish Audio completed a $52 million seed round, led by Coreline Venture and others, to advance speech technology.

11. Arrakis raised $8 million to develop AI agent security protection products.

12. B&b (Bebob) Semiconductor completed an A+ round, and its total raised amount surpassed 900 million RMB.

📈 IPOs and Capital Markets

1. After three years of sluggish performance, China’s venture capital institutions accelerated fundraising for new funds. At least 60 USD funds are planned to raise a combined total of about $35 billion, with funds mainly flowing into technology sectors such as AI.

2. China Merchants Securities increased capital by 1 billion RMB to further bolster alternative investment business.

🤝 M&A and Strategic Investments

1. Chery Automobile made a strategic investment of $75 million in Korea’s KGM, deepening cooperation in areas such as software-defined vehicles, autonomous driving, and electrification.

2. Haurui sold a majority stake in its Philippine subsidiary to China Huaxin for $527 million.

3. HSBC Holdings sold its retail banking business in Egypt to the National Bank of the United Arab Emirates, expected to generate approximately $300 million in pre-tax gains.

4. Vista Equity Partners will acquire a majority stake in Quantios, a global trust and enterprise services SaaS provider, from Hg.

5. Blackstone Energy Transition Partners agreed to acquire DarkVision Technologies from Coherent Engineering Solutions.

6. Singapore AI company ADA completed its acquisition of India’s AI retail decision-making company Algonomy. Its business footprint expanded to 34 markets.

7. Johnson & Johnson and Sail Biomedicines reached a strategic cooperation, obtaining a $2.58 billion acquisition option and jointly developing in-body CAR-T therapies.

8. An institution that previously invested in Mixue Bingcheng and POP MART acquired the outdoor brand “Mammoth” for 4 billion RMB.

9. Li Shufu acquired Ford Motor, shaking up the auto industry.

10. Sunwest Bank completed the acquisition of its Colorado branch under Nicolet National Bank, expanding operations in the Rocky Mountain region.

11. Wacona Capital completed approximately a $210 million single-asset continuation fund, with a special investment in Core States Group.

Editor’s note: Today’s financing highlights are concentrated in AI infrastructure, enterprise services, and healthcare. Large rounds appeared frequently, and M&A activity was active as well. Traditional industries are accelerating consolidation, and capital preferences are shifting toward technology-driven assets.

📡 8-hour recap | Aug 02, 16:00-24:00

Over the past 8 hours, global markets and geopolitical developments have intertwined in volatile fashion: OPEC+ increasing output, record-high prices for memory chips, and a pullback in AI stocks have dominated the macro narrative; Trump canceled strikes on Iran but tensions in the Middle East have not eased; DeepSeek’s low-price public testing and related hacker incidents highlight AI’s double-edged sword effect.

🤖 AI & Technology

1. China’s national supercomputing interconnection network launched the official API for DeepSeek-V4-Flash. Multiple benchmark tests show performance on par with the strongest closed-source models. It was followed by DeepSeek’s low-price public testing of V4-Flash-0731, priced at $0.14 per million tokens for input and $0.28 for output—lower than OpenAI and Anthropic.

2. Hackers integrated DeepSeek into the open-source Hermes Agent framework, enabling it to autonomously scan and attack roughly 460 connected systems, successfully compromising 3.

3. NVIDIA released Video Codec SDK 13.1, introducing zero-copy transcoding and precise frame positioning capabilities.

4. The European Union has launched procurement for “AI super factories,” aiming to attract over €30 billion in investment to build up to seven AI compute facilities.

5. A noticeable pullback similar to the internet stock bubble period around 2000 has appeared across global AI sectors. Stabilization will require digesting crowded positioning and high leverage, easing expectations of further Fed rate hikes, and waiting for new industry catalysts from earnings reports.

💰 Markets & Finance

1. OPEC+ plans to raise September production quotas by 188,000 barrels per day. This sets the stage for supply recovery after tensions in the Middle East ease, as the seven countries agreed to collectively increase output targets further by 188,000 barrels per day.

2. BofA Merrill Lynch reports that Samsung will include 60%–70% of storage sales in long-term contracts. Storage demand is expected to keep rising through 2028, with both DRAM and NAND prices reaching historical highs.

3. A breakout performance from Murata, a major global passive components manufacturer. AI compute growth is boosting MLCC demand, and newly signed MLCC orders surged 85.5% year over year.

4. During earnings week, the combined market caps of Microsoft, Amazon, and Alphabet rose by nearly $1.5 trillion, with Microsoft up more than $600 billion.

5. Japan reduced its holdings of U.S. Treasuries by $96 billion, bringing its position down to $1.14 trillion—the lowest level in recent times.

🌍 Geopolitics & Security

1. Trump announced the cancellation of military strikes on Iran, saying Iran and Middle Eastern countries requested a delay of attacks and that agreement had been reached on the framework. However, Iran’s armed forces said troops remain at highest readiness and said the Strait of Hormuz will continue to be closed.

2. The number of Ukrainian drone attacks on Moscow has already exceeded the total for all of the previous year. The conflict is escalating further. Separately, an attack on Russia’s Udmurt Republic left 3 dead and 2 injured, and it also sparked a fire at the warehouse of Russia’s largest online retailer, Wildberries.

3. The hacking group ExfilSquad breached the UK Department for Education and police databases, stealing more than 740,000 records.

4. Wildfires in the Spokane area of Washington State have spread beyond 250,000 acres. The governor declared a statewide emergency and a ban on burning. Oregon has also been ravaged by wildfires, forcing thousands of people to evacuate.

🔗 Encryption & Cybersecurity

1. Three suspected attack incidents involved bitcoin addresses generated from Coldcard being used to steal 1,367 BTC, worth about $88.6 million. In addition, about $282 million worth of bitcoin and litecoin was stolen via phishing scams impersonating Trezor support.

2. A newly appointed Chief Information Security Officer at the Solana Foundation warned that AI-driven deepfakes and synthetic identities make cryptocurrency scams even more deceptive.

3. In South Korea, the five largest exchanges saw a net outflow of $367 million from stablecoins in June—an 18-month consecutive outflow—as traders shifted to overseas DeFi platforms.

4. On-chain data shows that at the $63,000 price level, bitcoin has accumulated 890,000 BTC in total. Cohort concentration has entered a warning zone, and the market may make a sharp directional choice at any time.

🏭 Companies & Industries

1. Changxin Memory (CXMT) listed on the SSE, with its share price surging 466% to 330 billion yuan, challenging Western chipmakers’ leading position.

2. A major steam ball tank explosion accident occurred at a controlling subsidiary of Baogang Co., causing 10 deaths and 84 injuries. Direct economic losses totaled 67.23 million yuan. The affected production line has resumed full operation and production.

3. Eileen Home (IKEA home?—in original context: 爱丽家居) plans to acquire a €650 million stake in Aokangnuo to cross into semiconductor storage test equipment. The stock hit the daily limit for 9 consecutive trading days, with a P/E ratio above 300.

4. Apple captures nearly half of global smartphone market revenue and is pushing hardware subscription services, with the MacBook Air facing severe shortages.

5. Microsoft’s Xbox “Minecraft” has surpassed 350 million cumulative sales, with monthly active users exceeding 200 million.

🏛️ Policy & Macroeconomics

1. The People’s Bank of China held a work meeting for the second half of the year,部署了 and plans to implement a moderately loose monetary policy, increase counter-cyclical adjustments, and expand domestic demand.

2. The central bank kept interest rates unchanged but signaled a hawkish tilt, and the yield curve has steepened.

3. South Korea is considering granting financial regulators emergency intervention authority, limiting leverage ETF multipliers and investment limits for single stocks to stabilize the market.

4. The U.S. federal government withdrew $4 billion in funding because California’s high-speed rail agency repeatedly missed key procurement deadlines for train purchases.

5. Hungary’s only nuclear power station, Paks Nuclear Power Station, entered a full shutdown for the first time in 44 years after the water level of the Danube fell to a historic low. About half of the country’s power supply is affected.

Editor’s observation: In a multi-thread narrative, AI’s disruptive force and the repeated, unpredictable twists of geopolitical games jointly shape market sentiment. Short-term volatility may be hard to avoid.

📡 On-the-hour News | 23:00-24:00

1. During earnings week, the combined market value of Microsoft, Amazon, and Alphabet rose by nearly $1.5 trillion, with Microsoft up more than $600 billion.

2. Japan reduced its holdings of U.S. Treasury bonds by $96 billion, bringing its position down to $1.14 trillion, the lowest level in recent times.

3. On-chain data shows that at the $63,000 price level, Bitcoin accumulated an additional 890,000 BTC, and the concentration of holdings has entered a warning zone—markets may see a sharp directional decision at any moment.

4. Wildfires are ravaging the U.S. Pacific Northwest, with thousands of people forced to evacuate in Washington state and Oregon.

5. A strike by cabin crew at S Jet (Cebu/WestJet) Airlines caused hundreds of flights to be canceled, affecting travel for thousands of passengers.

6. Economist Jason Furman believes AI regulation should not be one-size-fits-all; the government should step in for high-risk areas such as biological weapons, while the market needs to adapt to employment changes. In the end, the core of the AI debate is a moral issue.

7. Ukrainian drone attacks on targets inside Russia resulted in at least five deaths and triggered a fire at the warehouse of Russia’s largest online retailer, Wildberries.

8. A cyclospora outbreak at Taco Bell led to declines in sales and customer foot traffic, weighing on the financial situation of parent company Yum! Brands.

📡 Hourly Broadcast | 22:00-23:00

1. South Korea’s five major exchanges see a net outflow of stablecoins of $367 million in June for the second consecutive month, marking 18 straight months of outflows, as traders shift to overseas DeFi platforms.

2. Apple is pushing forward with a hardware subscription service. The MacBook Air is in severe shortage, and it plans to develop health-focused eyewear devices.

3. China restricts entry of ships into military drills in the South China Sea, which may affect regional shipping and global energy transportation routes.

4. Exploitation of the Coldcard vulnerability and small Bitcoin inflows to exchanges occur in sync: deposits reach 7,300 BTC, and exchange balances rise to 2.715 million BTC.

5. Hugging Face CEO says AI will make the world safer and has already used open-source models to successfully defend against AI attacks.

6. A former OpenAI researcher warns: the AI race could lead to human extinction.

7. Growing resistance across the United States to the AI data center construction boom. Communities worry about environmental impact and financial costs.

8. Iran says the Strait of Hormuz will remain closed, denying a claim by Trump that the strait would reopen.

📡 Hourly News Bulletin | 21:00-22:00

1. The central bank kept interest rates unchanged but sounded a more hawkish tone, and the yield curve steepened.

2. Wildfires in the Spokane area of Washington State have spread to more than 250,000 acres, forcing residents to evacuate and causing power outages. The governor has declared a statewide state of emergency and a burn ban.

3. A homemade bomb attack occurred at an upscale restaurant in Moscow, killing 3 people.

4. Apple dominates the global smartphone market, accounting for nearly half of total revenue.

5. U.S. stock market performance has been unstable, and investors are focused on the upcoming jobs report and earnings from major companies.

6. OPEC+ reiterated its commitment to maintaining stability in the energy market, emphasizing the importance of ensuring that international sea lanes remain open for stable energy supply.

7. Trading volume of perpetual futures tied to stocks reached $1.32 trillion, indicating strong demand for traditional equities to adopt mechanisms involving crypto derivatives.

8. Strong winds and high temperatures have fueled rapidly spreading wildfires in eastern Washington State, forcing thousands of people to evacuate.

📡 Hourly News Report | 20:00-21:00

1. Three suspected attack incidents stole 1,367 BTC from Bitcoin addresses generated by Coldcard, worth approximately $88.6 million. In addition, around $282 million worth of Bitcoin and Litecoin were stolen through phishing scams that impersonated Trezor.

2. The People’s Bank of China convened its work meeting for the second half of the year, deploying and implementing a moderately loose monetary policy, strengthening counter-cyclical adjustments, and expanding domestic demand.

3. OPEC+ and the seven countries agreed to further increase their collective production target by 188,000 barrels per day to reverse the shortfall and complete the 2023 production-cut plan.

4. Microsoft’s Xbox “Minecraft” has surpassed cumulative sales of 350 million copies, with monthly active users exceeding 200 million.

5. The share of time spent by ByteDance’s mobile internet users rose to 40.1%, surpassing Tencent’s for the first time (29.7%).

6. Trump canceled a planned military strike against Iran, saying that progress has been made in US-Iran negotiations and that agreement has already been reached on a framework for an accord.

7. The European Union has launched a tender for an AI super factory, aiming to attract over €30 billion in investment, build up to seven AI computing infrastructure projects, and strengthen technological sovereignty.

8. Murata, a major global passive-component manufacturer, saw a surge in performance. AI computing power has boosted demand for MLCCs, and new MLCC orders increased year-on-year by 85.5%.

📡 Hourly Update | 19:00-20:00

1. The Danube’s water level hits a record low. Hungary’s Pakssh Nuclear Power Plant shuts down completely for the first time in 44 years, affecting about half of the country’s electricity supply.

2. OPEC+ agrees to raise oil production quotas by 188,000 barrels per day, expected to impact energy prices and the macroeconomy.

3. DeepSeek launches a low-priced public test of V4-Flash-0731: input $0.14 per million tokens, output $0.28—lower than OpenAI and Anthropic. Its Terminal Bench 2.1 score also surpasses its own Pro edition.

4. The U.S. federal government withdraws $4 billion in funding after California’s High-Speed Rail Authority repeatedly missed key deadlines for train procurement.

5. The Italian government plans to fully sell its holdings in Banca di Siena, coinciding with UniCredit Saint Paul Bank’s preparation to launch a takeover offer.

6. Iran’s Islamic Revolutionary Guard Corps says its “Victory-2” operation struck the Amazon data center in Bahrain, adding that it was in response to U.S. actions.

7. A Ukrainian drone attack on Russia’s Udmurt Republic leaves 3 dead and 2 injured.

8. Israeli airstrikes on Lebanon injure five soldiers, escalating regional tensions.

📡 Hourly Update | 18:00-19:00

1. Bank of America Merrill Lynch reports that Samsung will include 60-70% of its memory sales into long-term contracts. The terms favor the supply side. Memory demand is expected to keep rising through 2028, with DRAM and NAND prices hitting all-time highs.

2. The Solana Foundation’s newly appointed Chief Information Security Officer warns that AI-driven deepfakes and synthetic identities make cryptocurrency scams more deceptive, threatening users’ funds.

3. A passenger ferry caught fire in waters near Madura Island in Indonesia, killing 5 people, with 41 missing. Another 225 people were rescued.

4. In eastern Congo, the death toll from the Ebola outbreak has exceeded 1,500. The WHO says the risk of global spread is low, but the local risk is extremely high.

5. A clear pullback has appeared in the global AI sector, reminiscent of the dot-com bubble of 2000. Stabilization will require digesting crowded positioning with high leverage, easing expectations for further Fed rate hikes, and waiting for new industry catalysts from upcoming earnings reports.

6. VulnCheck statistics show that in the first half of 2026, among 1,061 security vulnerabilities discovered by AI, only 14 were actually exploited—an exploitation rate of 1.3%, matching the overall vulnerability exploitation rate. However, exploitation speed has increased, with the median time falling from 120 days to 80 days.

7. South Korea plans to grant financial regulators emergency intervention powers, limiting the leverage multiple and investment amount for a single stock leveraged ETF to stabilize the market.

8. Hungary’s only nuclear power plant, Paks Nuclear Power Plant, has shut down completely for the first time in 44 years after the water level of the Danube River dropped to a historic low.

📡 Hourly Update | 17:00-18:00

1. China’s storage chip manufacturer ChangXin Memory Technology (CXMT) listed on the SSE, with its stock price surging 466% to 3.3 trillion yuan, challenging the West’s dominance in chip manufacturing.

2. A major steam-gas tank explosion occurred at a controlled subsidiary of Baosteel Group (Baogang Shares). The incident resulted in 10 deaths, 84 injuries, and direct economic losses of 67.23 million yuan. The affected production lines have resumed full operation and production.

3. Hackers connected DeepSeek to the open-source Hermes Agent framework, enabling it to autonomously scan and attack roughly 460 connected systems, successfully breaching 3.

4. NVIDIA released Video Codec SDK 13.1, introducing zero-copy transcoding and precise frame positioning.

5. The Trump administration criticized the Smithsonian Institution, which has nearly 700 facilities and 157 million items in its collections, affecting the education of millions of students.

6. The number of Ukrainian drone attacks on Moscow has already exceeded the total for the previous year, further escalating the conflict.

7. Trump agreed to cancel strikes on Iran. However, Iran’s military said its forces remain at the highest state of readiness, and tensions in the Middle East cooled only temporarily.

8. The hacking group ExfilSquad breached the UK Department for Education and police databases, stealing more than 740,000 data records.

📡 Hourly News Brief | 16:00-17:00

1. Head DeFi applications account for nearly 80% of on-chain revenue. PumpFun layoffs and Aave reorganizing operations indicate that DeFi integration is accelerating.

2. OPEC+ plans to increase production quotas in September, adding 188,000 barrels per day, paving the way for supply recovery after tensions in the Middle East ease.

3. China’s National Supercomputing Internet has officially launched the DeepSeek-V4-Flash official API-calling service and model files. Multiple benchmark tests show performance comparable to the strongest closed-source models.

4. The U.S. National Highway Traffic Safety Administration has initiated a preliminary investigation into nearly 1.2 million Tesla Model 3 and Model Y vehicles due to complaints related to suspension failures. There are currently no reports of injuries.

5. An orange alert for heavy rain has been issued in Beijing’s Chaoyang and Huairou districts. In multiple areas, short-term downpours of 70 mm per hour or more may occur, and rainfall over six hours could reach 100 mm or more.

6. AILI Home plans to acquire a 650 million yuan stake in OCONNO, expanding into semiconductor storage testing equipment. The stock has hit the daily limit for 9 consecutive trading days, with a P/E ratio exceeding 300.

7. Yibo Technology’s first-half revenue was 709 million yuan, up 41.63% year over year. Net profit attributable to shareholders was 63.8293 million yuan, up 1,561.55% year over year.

8. Trump announced that he has canceled a military strike on Iran, saying Iran and Middle Eastern countries requested that attacks be put on hold, and that agreement has been reached on the framework of a deal.

📡 8-hour Recap | Aug 02, 08:00-16:00

Today’s market main storyline focused on concerns over an AI bubble, easing tensions in the Middle East, and a cryptocurrency security incident. Dalio warned that AI-related stocks could plunge by 80%, while OpenAI released a new model and announced that users have surpassed one billion. Trump called off strikes against Iran, and Bitcoin rebounded. A Coldcard vulnerability triggered Bitcoin panic.

🤖 AI and Technology

1. Dalio warned that AI-related stocks could drop by 80%, saying the current level of market froth is already at 75% of the extreme levels seen in 1929 and 2000.

2. OpenAI released its next-generation model, Astra, claiming it has solved 10 FIELDS-award-level mathematics problems at a cost of $2,000. It also announced that ChatGPT’s global active users have surpassed one billion, and enterprise customers exceed 2 million.

3. DeepSeek released V4-Flash and the official V4 Pro version, with performance benchmarked against GPT-5.6 Sol, at a much lower cost.

4. In the latest calling-volume ranking for major AI large models by OpenRouter, the top five spots are all occupied by products from Chinese companies. Xiaomi MiMo-V2.5 takes the top spot, while Tencent’s Hunyuan 3 has an increase of over 999%.

5. California’s “AI Transparency Act” officially took effect, requiring AI giants to provide free detection tools and add invisible watermarks to generated media. Violations incur a daily fine of $5,000.

💰 Finance and Markets

1. The Federal Reserve kept interest rates unchanged, but three commissioners advocated for rate hikes. The chair said rising market rates indicate tighter financial conditions. U.S. stocks fell across the board, and the VIX broke above 20.

2. Tether claimed that its operating profit in Q2 was $1.5 billion, but its reserve report showed a financial loss of $3.17 billion in the first half of the year, implying a financial loss of about $4.2 billion in Q2.

3. Monthly transaction volume for crypto debit cards surpassed $1 billion for the first time, reaching about $1.07 billion, with roughly 2.29 million transactions that month.

4. The South Korean won rose 8.81% against the U.S. dollar in July, recording the largest monthly gain since March 2009. It closed at 1,424.0 won.

5. OPEC+ in principle agreed to increase daily output by 188,000 barrels per day and paused any further output increases in the fourth quarter.

🌍 Geopolitics and Policy

1. Trump announced the cancellation of military strikes against Iran, saying he has reached agreement with Tehran and Middle Eastern allied countries on a framework for the deal. Bitcoin rebounded by $1,500, reclaiming the $63,500 level.

2. The U.S. plans a massive bombing campaign against Iran’s energy facilities this weekend. Iran has prepared a comprehensive retaliation plan, and the U.S. State Department advised U.S. citizens in the Middle East to consider evacuation.

3. Saudi Crown Prince Mohammed bin Salman called Trump, urging him not to escalate the war against Iran.

4. The U.S. will place 43 Chinese companies on the UFLPA entity list. The China Cotton Association strongly opposes this, saying the U.S. accusations have no basis.

5. China’s People’s Bank held its 2H 2026 work conference, emphasizing the implementation of a moderately loose monetary policy and increasing counter-cyclical adjustments.

🔒 Crypto and Security

1. Coldcard hardware wallets suffered three waves of attacks due to a firmware random-number flaw. A total of 1,367.05 BTC (about $88.6 million) was stolen, affecting 4,585 addresses. Users were urged to transfer assets immediately.

2. The Coldcard vulnerability triggered Bitcoin panic. The number of active addresses surged from about 645,000 to nearly 1 million in a single day, and the volume of small transfers hit the highest level since the FTX collapse.

3. The CEO of Vaulted, a gold investment app, said that quantum computing could break Bitcoin private keys within the next four years, ending Bitcoin, and that millions of Bitcoin public keys have already been exposed.

4. South Korean stablecoins have continued to net flow abroad for 18 consecutive months, with the top five won-based exchanges serving as the main outflow channels.

📱 Enterprises and Industry

1. Several smartphone models, including Xiaomi 17 series and REDMI K90 and Turbo 5, officially raised prices, with increases ranging from 300 to 500 yuan.

2. Apple’s stock price plunged by nearly 10%. CEO Cook warned that memory shortages will affect the company’s performance. Apple’s 2028 iPhone is expected to adopt curved displays and under-display Face ID, among other upgrades.

3. Morgan Stanley led a $15 billion financing effort for Anthropic’s AI campus in Texas.

4. In the first half of the year, Hyundai and Kia sold over 100,000 electric vehicles in Europe, up 41.8% year over year, with cumulative sales surpassing 1 million.

5. Monthly sales shake-up in new energy vehicle startups: Leapmotor delivered over 100,000 units to secure first place, while NIO, XPeng, Li Auto, and Xiaomi are stuck in the 30,000-unit range.

🌐 International Affairs and People’s Livelihood

1. The current Ebola outbreak in the Democratic Republic of the Congo (DRC) has become the largest in the country’s history. Cumulatively, 3,674 confirmed cases have been reported, with 1,621 deaths.

2. Hungary has shut down its only nuclear power plant for the first time due to severe drought, facing an energy crisis.

3. Ukrainian drones carried out the largest-scale attack on Russia, highlighting a significant escalation of the conflict.

4. A shooting occurred at a hamburger fast-food restaurant in Twin Falls, Idaho, U.S., resulting in 3 deaths and 7 injuries.

5. Beijing’s secondary home transaction volume rose 9.8% year over year, with the market performing better than usual for the off-season.

Editor’s Observations: Today’s events show that controversies over an AI bubble coexist with easing geopolitical tensions. Meanwhile, crypto security vulnerabilities and the threat of quantum computing serve as reminders that technological risks—and opportunities—are both prominent.

📡 Hourly Report | 15:00-16:00

1. The People’s Bank of China convened its 2026 second-half work meeting, stressing the implementation of a moderately loose monetary policy, strengthening counter-cyclical adjustments, boosting domestic demand, optimizing supply, and promoting favorable economic development.

2. The South Korean won against the US dollar rose 8.81% in July, posting the largest monthly gain since March 2009. It closed at 1424.0 won, driven by improved USD supply and exporters’ selling of dollars.

3. OpenAI announced that ChatGPT’s global active users have surpassed one billion, with more than 2 million business customers.

4. OPEC+ has, in principle, agreed to raise daily output by 188,000 barrels and pause the production increase in the fourth quarter.

5. A shooting incident occurred at a hamburger fast-food restaurant in Twin Falls, Idaho, USA, resulting in 3 deaths and 7 injuries. The suspect has been reported dead.

6. The largest-scale drone attack by Ukraine on Russia so far has marked a significant escalation of the conflict. Previously, an attack killed two people and hit the Wildberries warehouse.

7. Hungary has, for the first time, shut down its only nuclear power plant due to severe drought, facing an energy crisis.

8. In Beijing, the volume of secondhand home transactions increased 9.8% year over year. Market performance has remained steady even in the off-season.

📡 Hourly Broadcast | 14:00-15:00

1. Vaulted CEO on gold investment apps: says quantum computing may crack Bitcoin private keys within the next four years, effectively ending Bitcoin, and claims that millions of Bitcoin public keys have already been exposed.

2. Jacob Tsimerman, a Fields Prize laureate, will temporarily leave the University of Toronto and join OpenAI to work on AI safety research.

3. South Korean domestic exchanges have seen net outflows of stablecoins to overseas of over 500 billion KRW, triggering investors’ concerns about protection and foreign-exchange management.

4. Trump announces cancellation of military strikes against Iran, saying he has reached agreement with Tehran and Middle Eastern alliance countries on a framework for the deal.

5. Israeli forces carry out airstrikes in multiple areas of Gaza; at least eight Palestinians are killed, disregarding Trump’s proposed plan for Hamas to disarm.

6. In the latest OpenRouter AI model usage leaderboard, the top five are all dominated by Chinese companies’ product bundles: Xiaomi MiMo-V2.5 ranks first, and Tencent Hunyuan 3 has an increase exceeding 999%.

7. DeepSeek releases the official V4 Pro version, with performance benchmarked against GPT-5.6 Sol, at far lower cost than the latter.

8. Global cryptocurrency card payment volume surpasses $705.5 million, up 12.2% month-over-month, marking the fifth consecutive month to set a record high.

📡 Top-of-hour update | 13:00-14:00

1. A random-number generation vulnerability in the Coldcard hardware wallet has sparked panic among Bitcoin users. The number of daily active addresses surged from about 645,000 to nearly 1 million. On-chain analysis found that a three-round attack has stolen 1,367 BTC (about $88.6 million).

2. Apple saw a surge in AI-assisted vulnerability reports. It has set limits on the number of vulnerability reports that can be submitted and imposed a 30-day cooling-off period. While AI-generated reports carry a risk of fabrication, they also help uncover more real vulnerabilities.

3. Trump announced a pause in a new round of strikes against Iran, saying negotiations have made progress. Previously, Saudi Crown Prince intervention and Iran’s threats to neighboring countries were involved.

4. Xiaomi phones announced a price increase, with flagship models rising by 500 yuan.

5. The AMD MI355X can run the Kimi K3 model at less than half the cost of NVIDIA’s B300, showing a clear advantage in inference cost-effectiveness.

6. The U.S. added 43 Chinese companies to the UFLPA Entity List. The China Cotton Association strongly opposes this, saying the U.S. accusations are unfounded and will disrupt the stability of the global cotton supply chain.

7. Shipping disruptions in the Strait of Hormuz led to a 30% year-over-year increase in Japan’s electricity prices in the second quarter.

8. South Korea’s domestically developed Nuri rocket delayed its 5th launch due to the performance of its nano-satellite propulsion system not meeting expectations.

📡 Hourly Report | 12:00-13:00

1. Trump cancels a large-scale military strike against Iran, saying a framework agreement has been reached, as Bitcoin rebounds by $1,500 and reclaims the $63,500 level.

2. Coldcard hardware wallets are facing sustained attacks due to an entropy vulnerability. Bitcoin’s daily active addresses rise to nearly 1 million, hitting an 8-month high; the volume of small transfers reaches the highest level since the FTX collapse.

3. A tech-sector debate erupts over open-source AI: Microsoft, together with NVIDIA and others, supports open-weight models; Anthropic opposes them. Over 1,000 AI employees send a letter calling for oversight and controls.

4. Nearly all A-shares rise: about 4,700 stocks advance, with over 100 hitting the daily limit. Advertising/marketing and robotics lead the gains.

5. Across China, the share of existing home transactions exceeds new homes by 50.4%, signaling that the real-estate market is entering the inventory era.

6. Chinese venture capital institutions race to raise funds: at least 60 USD funds plan to collect $35 billion, marking a tech-investment rebound.

7. U.S. mortgage rates remain elevated. The spread between low-interest loans held by homeowners and current market rates exceeds 200 basis points, weakening the effectiveness of expectations for Fed rate cuts.

8. Shandong Province supports the development of “AI solo companies,” aiming to gather 10,000 AI talents within 3 years and cultivate 1,000 entrepreneurial entities.

📡 Hourly News Brief | 11:00-12:00

1. Roundhill Memory ETF has added Changxin Technology to its holdings, with a weight of 2.52%. Its top three holdings are Samsung Electronics, Micron Technology, and SK hynix.

2. A draft of the revised Regulations on the Management of Housing Provident Fund solicits comments, proposing that contributions cover flexible employment workers; renovation and property-management fees can be withdrawn, promoting mutual recognition and mutual lending.

3. Saudi Crown Prince Mohammed bin Salman called U.S. President Trump, urging him not to escalate the war against Iran. The U.S. side is considering another round of strikes.

4. The current Ebola outbreak in the Democratic Republic of the Congo (DRC) has become the largest outbreak in the country’s history. As of now, 3,674 confirmed cases have been reported, with 1,621 deaths.

5. Xiaomi has officially raised smartphone prices, affecting models including the Xiaomi 17 series, REDMI K90, and Turbo 5.

6. Apple’s stock price fell by nearly 10%. CEO Tim Cook warned that a memory shortage will impact the company’s performance.

7. OpenAI released its next-generation model, Astra, claiming breakthroughs addressing 10 major unsolved problems.

8. Hyundai and Kia reported that in the first half of the year, their electric vehicle sales in Europe exceeded 100,000 units, up 41.8%. Cumulative sales surpassed one million vehicles.

📡 On-the-hour News | 09:00-10:00

1. Coldcard hardware wallets suffered three waves of attacks due to a firmware random number vulnerability, with a total of 1,367.05 BTC stolen (about $88.6 million). The incident affected 4,585 addresses, and users were urged to move their assets immediately.

2. Apple’s 2028 iPhone is expected to feature a curved display, under-display Face ID, series-connected OLED, an A22 Pro chip, and upgrades such as a 200MP telephoto camera.

3. The United States and Israel are preparing a new round of strikes against Iran. Iran has threatened retaliation. Kuwait intercepted an Iranian drone, and regional energy supply and shipping risks through the Strait of Hormuz are rising.

4. Tether claims operating profit of $1.5 billion in the second quarter, but its reserve report shows a financial loss of $3.17 billion in the first half. This implies a second-quarter financial loss of about $4.2 billion, with safety buffers halving within 90 days.

5. Monthly transaction volume for crypto-backed cards first exceeded $1 billion, reaching about $1.07 billion, with approximately 2.29 million transactions that month.

6. Japan’s Finance Minister Shunichi Kayanuma announced that the U.S. and Japan have already taken joint action to curb yen depreciation, and the intervention is still ongoing.

7. Korean investors have aggressively bought triple-leveraged semiconductor ETFs (SOXL) in U.S. stocks, with paper losses of about $36 billion over two months.

8. Netflix was sued for losing undeveloped Nicholas Cage movie master tapes, seeking $105 million in damages.

📡 Hourly News Report | 08:00-09:00

1. Ray Dalio warns that AI-related stocks could plunge by as much as 80%. The current market bubble is at 75% of the extreme levels seen in 1929 and 2000.

2. A research team has, for the first time, used non-Abelian anyons on real quantum hardware to achieve a complete operational toolkit that supports universal quantum computing.

3. The U.S. plans a fierce bombardment of Iran’s energy facilities this weekend. Iran has prepared a comprehensive counter-attack plan. The U.S. State Department advises U.S. citizens in the Middle East to consider evacuation.

4. Bitcoin social sentiment has fallen to a historical low. A vulnerability in Coldcard firmware has sparked fear of self-custody, and Trump’s media company transferred 2,628 bitcoins to Crypto.com.

5. DeepSeek-V4-Flash has launched. OpenAI Astra has tackled 10 Field’s Medal-level math problems. Amazon has invested $50 billion in OpenAI.

6. Northwestern University in the U.S. transmits single photons over 24.4 kilometers on operational telecom fiber while maintaining quantum entanglement.

7. Morgan Stanley leads a $15 billion financing package for Anthropic’s AI campus in Texas.

8. South Korea’s stablecoin net outflows have continued for 18 consecutive months toward overseas exchanges. The top five won trading exchanges are the main outflow channels.