AB Kuai Dong

I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.

At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?

He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.

Restrict areas or try to solve it?

But he reiterated that the trend of RWA cannot be stopped. $BNB

Well, I guess there’s no one else like this. Banxia Li Bei posted on Moments, mocking the AI stock “bull god” Leopold, saying that the reason “old grandpa” became an “old grandpa” is because most “little grandpas” die halfway on the road.

But in reality, even if the AI stock “bull god” closes out most positions and sells the remaining holdings, overall this round is still profitable—outperforming Banxia by who-knows-how-many times.

Didn’t expect this late-session raid to be delivered by Japan’s semiconductor industry. Japan’s largest flash memory chip maker, Kioxia, missed expectations for first-quarter profit and also issued a disappointing outlook for future earnings.

Earlier this year, the company’s share price once surpassed Toyota and SoftBank, making it Japan’s most valuable company by market cap. But in just a month, it erased half of its gains.

Is Tesla China becoming independent? The Wall Street Journal reports that some Tesla executives have been told to prepare by spinning off the China business before a potential merger with SpaceX.

Because SpaceX, besides being a rocket and satellite company, is also a U.S. space military contractor, this would allow the China business to be separated after the merger.

It’s all blown up, it’s all blown up. Xiaomi’s third new vehicle in the Pengcheng series has officially announced its pricing. With 7 seats, a refrigerator, a TV, and a large sofa, it’s equipped with NVIDIA intelligent driver-assistance chips. The pre-sale “one-time price” is 299,900 RMB, lower than earlier market expectations of more than 300,000 RMB.

In addition, there’s also a 5-seat version priced at 259,900 yuan.

Finance internet influencer Hong Hao, today at an internal meeting in Hong Kong, said he believes the semiconductor cycle has already peaked. Although there will be a brief rebound, other markets will also fall, and he expects the market to reach a true bottom only by the end of this year.

He also showed a picture of the 2000 internet bubble and compared it with today...

Now, on the streets of Seoul, is there a man appearing who’s inviting you to play a game?

If you win, you can even get an invitation card.

Where have I seen this script before?

Step one: the government steps in to issue a statement
Step two: begin considering restricting short selling
Step three: go to people’s homes to arrest them

The Korea Financial Investment Association has released the forced liquidation data for the first three days of this week.

From July 27 to 29, forced liquidations triggered by insufficient margin totaled KRW 97.984 billion, about USD 68 million. Even just on July 29 yesterday, the proportion of forced liquidations reached as high as 5%.

When star fund performance returns were at their best

They changed to a manager with only 4 months of experience—just a young guy

Are they looking for a hired killer or something?

How scary is it that AI is burning money? Meta, led by Zuckerberg, reported $31.862 billion in operating cash flow in the second quarter, but with capital expenditures as high as $31.08 billion, free cash flow was only $784 million. That compares with $8.549 billion in the same period last year.

So the market is also worried whether all this spending will be able to generate returns in the short to mid term.

The brewery that, on social media, said it would give everyone free beer if Trump died has recently had its operating license revoked by the state government.

As for the brewery’s owner, he has decided to fight to the end. He says they won’t stop selling beer unless they drag me out of the bar.

Oh my God, even AI stock guru Leopold can’t handle it anymore. The Financial Times reportedly revealed that a former OpenAI researcher—who became hugely popular for writing a long research-and-investment piece—has founded a hedge fund heavily invested in AI. Its size rapidly grew from a few hundred million USD to over $20 billion.

It was also revealed that he used borrowed funds to amplify investment returns. Due to the recent sell-off in AI concept stocks, he has now started seeking to raise new capital from investors.

Apple surpasses a market value of 5 trillion, reclaiming the number one spot—what’s behind it

• No move into cloud computing
• No burning its own AI model-building efforts
• No absorbing the increased memory costs itself; instead, it raises prices for consumers
• Cash on hand: $54.7 billion at the end of FY25, up to $68.5 billion in Q1 of FY26

The healthiest company ever

SK Hynix’s decline widens further, reaching intraday -11.68%

This causes Korea’s composite index to trigger a downward circuit breaker

Based on prior data estimates, for every new 1% low that Hynix hits, there will be 10,000–20,000 people liquidated

SK Hynix falls below 1.5 million won, extending yesterday’s decline.

In today’s early earnings report, the company’s operating profit hit a new high, but it came in below market expectations of 640 trillion won, at 605 trillion won. Revenue was also below market expectations of 840 trillion won, at 790 trillion won.

Ah, what? OpenAI, Anthropic, Google, and other companies’ 1,178 employees have issued a joint statement calling on the U.S. government to take the lead in launching international action, so that countries and AI companies worldwide can slow down their R&D progress in sync.

They believe that AI development that’s happening too quickly may ultimately outpace society’s ability to adapt, leading to uncontrollable outcomes.

However, the signatories are mainly from these three companies—people who know, know.

South Korean policy officials acknowledge that China’s listing of Changxin Technology, as well as its mastery of self-developed lithography machines, has sent shockwaves through South Korea.

Today, a reporter asked Kim Yong-bum, the head of the Policy Office of the South Korean president, what he thought about these two developments in China and how they would affect new factors in the South Korean market. In response, Kim Yong-bum said that seeing this shock has made him even more certain that, including for businesses, they must stay more vigilant and promptly build semiconductor foundries, while increasing investment and R&D spending.

Apple announced approval of Klarna and launched an equipment rental service. It offers iPhone rentals starting from $17.99 per month, and watches starting from $11.99 per month. Rental terms are selectable from 12 to 36 months.

Taking a 14-inch MacBook Pro with 16GB as an example: if you rent it for 36 months, you pay $38.99 per month, and if you rent it for 24 months, you pay $53.99 per month. The service is currently available in the United States.

What's going on with everyone lately? Yesterday someone asked Duan Yongping: if the founder of Pop Mart suddenly passed away, how much would it affect the company, since Duan Yongping is already the company’s second-largest shareholder.

In response, Duan Yongping directly said: it would have a far bigger impact than you being the one to show up unexpectedly.