RecodeX

📡 On-the-Hour Update | 16:00-17:00

1. U.S. Treasury Secretary Bessent said he is prepared to further increase repo activity after expanding the government bond repurchase program by a factor of two, aiming to drive down long-term Treasury yields, but did not disclose the specific scale or timeline.

2. Vertiv Holdings saw its market value evaporate by about $12.3 billion over the week ending August 21, 2026, a decline of roughly 12%. The drop was attributed to a surge in U.S. Treasury yields that hit AI infrastructure stocks, as traders await Nvidia’s earnings report on August 26.

3. The development team of the decentralized fixed-rate lending protocol Term Finance, Term Labs, said it has identified a governance-vulnerability attack affecting Term Vaults. According to CertiK, the attack caused losses of approximately $8.5 million.

4. Japan’s Ministry of Finance plans to allocate ¥36.6 trillion in the FY2027 budget for repayment of principal and interest on government bonds, setting a record high. This is an increase of ¥5.3 trillion over the initial budget for FY2026, due to an assumed rise in interest rates from 3.0% to 3.8%.

5. The Iranian government has issued a warning to neighboring countries, urging them not to join U.S. sanctions actions against Iran. It also emphasized that the Strait of Hormuz will remain closed, further heightening regional tensions.

6. Chris Lehane, a senior executive at OpenAI, told The Guardian that as advanced AI model capabilities improve, people should be prepared to defend against the “persistent, enduring” cyberattacks originating from AI, and called for new security standards.

7. Bloomberg reported that due to ongoing DRAM shortages from suppliers such as Samsung, SK hynix, and Micron, the price of Nvidia servers equipped with the Vera Rubin and Grace Blackwell chips is expected to rise by about 15%.

8. Alibaba announced plans to raise $10.2 billion through a share placement, as its latest AI model, Qwen 3.8-Max, has garnered strong market enthusiasm. The move reflects Chinese tech companies accelerating their AI investments.

📡 On-the-hour Update | 15:00-16:00

1. The Sandbox was attacked using the SAND token, and paused cross-chain bridge services on Base and BNB Chain, impacting total supply by only 0.01%.

2. The Hong Kong Special Administrative Region Government allocated HK$50 million to launch the “Universal AI Training” program, aiming to hold over 200 activities in the next two years and benefit around 50,000 participants.

3. Last week, US spot BTC ETFs saw net inflows of approximately US$1.92 billion, while ETH ETFs saw net inflows of approximately US$697 million—both reaching the highest levels this year.

4. Canadian Prime Minister Karney announced retaliatory tariffs against the United States. Earlier, US-Canada trade negotiations failed, and the US imposed a 50% tariff on approximately US$20 billion worth of Canadian goods. The new tariffs will target US steel and dairy products and take effect on September 8.

5. Lyon Securities lowered its target price for China Telecom to HK$5.2, while maintaining a “Outperform the Market” rating.

6. OpenAI has identified the abnormal Codex credit usage and will push a fix on Sunday in US time. It will also fully reset Codex usage for all paid subscriptions.

7. Nevada declared a state of emergency due to the “Eagle Fire” brush fire. The burned area exceeds 10,500 acres, and evacuation orders have been expanded.

8. Alibaba announced a new share placement to non-US persons outside the United States. The total placement amount is HK$80 billion, and it has already been oversubscribed.

📡 On-the-hour Updates | 14:00-15:00

1. The five-year action plan to prevent and control China-Arab drylands droughts, desertification, and land degradation was officially released in Ulaanbaatar.

2. Tyson Foods, Inc. announced layoffs of 3,200 people and the closure of three beef processing plants after the number of cattle in its herds fell to a historic low.

3. The Ministry of Water Resources has maintained a yellow flood warning. Twenty-nine rivers across places including Heilongjiang and Guangxi have exceeded warning levels, and the main stream of the Yujiang River in Guangxi may experience floods above warning levels.

4. Due to a shortage of sulfuric acid supply, rare-earth stocks surged. USA Rare Earth rose 8%, Critical Metals gained 10%, and MP Materials increased 5%.

5. Nvidia plans to invest about $7 billion in an AI startup, Poolside, including $1 billion for investment and $6 billion to purchase technology IP.

6. Hyperliquid’s revenue this week reached $16.93 million, up nearly 196% from last week. The platform token HYPE rose more than 37% this week to $78.66.

7. By the end of July 2026, five major cryptocurrency exchanges in South Korea had opened 566,352 accounts for foreign individuals, but only 517 had completed KYC—accounting for just 0.09%.

8. A U.S. AI company backed by OpenAI has decided to switch to China’s open-source models, reflecting the growing international competitiveness of China’s open-source AI models.

📡 Hourly Bulletin | 11:00-12:00

1. U.S. President Donald Trump’s investment account made more than 1,000 stock trades in June alone, with over 550 buys and over 450 sells. Some individual transactions were valued at more than $1 million, and last year the account generated profits exceeding $2 billion.

2. As of the end of July 2026, five major crypto exchanges in South Korea have registered 6,590 corporate accounts in total. Bithumb leads with 3,280 accounts, while Upbit has 2,086. Together, the two account for 81.4%.

3. Nvidia plans to use its $6 billion investment in AI startup Poolside to develop an open-source weighted AI model to compete with Chinese models such as DeepSeek and Kimi, as well as major U.S. AI players.

4. U.S. long-term Treasury yields have risen to the highest level in nearly 20 years. The 30-year Treasury yield once climbed to 5.34%, a new peak since 2007, putting sustained pressure on Europe’s bond market.

5. Iran’s Supreme National Security Council’s newly appointed secretary, Morteza Rezaei, has warned neighboring countries that if they participate in new U.S. actions aimed at applying economic pressure on Iran, they will be regarded as “enemies” and that retaliatory measures will be taken against U.S. business interests.

6. TikTok has agreed to pay $400 million to resolve Federal Trade Commission allegations that it violated the Children’s Online Privacy Protection Act. The case involves collecting data on users under 13 without parental consent.

7. A magnitude 5.8 earthquake struck the southern part of Ibaraki Prefecture on Honshu Island, Japan. Shaking was clearly felt in Tokyo. Thirty-seven people have been injured so far, and no abnormalities have been found at the Fukushima Daiichi, Fukushima Daini, or Tokai nuclear power plants.

8. Coinbase’s Bitcoin premium index has remained in negative premium territory for 97 consecutive days from May 19 to August 23. The latest reading is -0.0266%, extending the longest continuous negative premium record since the index was launched.

📡 Hourly News Brief | 10:00-11:00

1. Kazakhstan begins its first election for members of a unicameral legislature. There are 10,423 polling stations, with about 12.6 million registered voters. Voting ends at 20:00 local time on the 23rd.

2. TAC’s official statement says its Cosmos-based EVM side-chain vulnerability has been exploited. The impact is limited to the available sTAC supply, and it is coordinating with validators on a temporary chain halt.

3. The industry timeline for glass substrate products has generally been pushed back. Samsung Electro-Mechanics’ sample reliability assessment has hit a bottleneck; mass production may be delayed to after 2028. Institutional forecasts suggest TGV glass substrates will only enter the mainstream for advanced packaging after 2030.

4. AVAX has risen for four consecutive days, breaking through the descending flag pattern. The $9 level is a key decision point. Over the past 24 hours, DEX trading volume reached $141.61 million, the highest monthly level.

5. China’s delegation for the 48th WorldSkills Competition has been established, with 220 members. Seventy-one contestants will participate across all 64 events. The competition will be held in Shanghai from September 22 to 27.

6. During a high school football game at an independent high school in Bakersfield, California, a shooting occurred. One 17-year-old died, and a 15-year-old suspect was arrested. The incident is believed to be linked to a gang.

7. In the course of ETH’s rise, F2Pool co-founder Wang Chun’s address reduced holdings. After moving 12,765 ETH to Binance, it withdrew 87.68 million USDC to repay a loan, and still holds 65,000 ETH.

8. Hyperliquid Builder Codes recorded a daily nominal perpetual futures trading volume of $984 million, a new all-time high, reflecting increased market participation.

📡 Hourly News | 09:00-10:00

1. The Bitcoin market saw a historic short squeeze, compounded by U.S. Treasury intervention and related stablecoin operations, forcing bearish traders to close positions and exit.

2. Nvidia has notified customers that its product prices will be raised by more than 15%, affecting multiple core products.

3. On-chain data shows that within five minutes, seven wallets were liquidated for large amounts of FARTCOIN, totaling 65.05 million tokens, worth approximately $12.93 million.

4. Attackers exploited a LayerZero delegation-authorization vulnerability in The Sandbox’s cross-chain SAND bridge to mint fake SAND tokens with a nominal value of $49 billion on Base and BNB Chain; the actual loss was about $675,000.

5. DeepSeek announced adjustments to its pricing strategy: during the weekend, it will charge users uniformly at the low-demand (trough) rate, aiming to optimize resource utilization and reduce user costs.

6. An Iranian hacker launched a cyberattack on an unnamed power plant in the UK, forcing it to shut down completely for four days—marking the first and most destructive incident of this kind.

7. In China’s baijiu industry, 11 major product lines saw four price increases and seven decreases at the terminal retail level. Wuliangye Pu Wuqi (普五) and Baidai (八代) rose by 7 yuan to 810 yuan, while Feitian Moutai fell by 3 yuan to 1,780 yuan; the overall total retail sales price hit a 10-day low.

8. About 43 minutes ago, the market maker Wintermute transferred 590.9 BTC to Binance, worth approximately $45.66 million. This week alone, it has accumulated inflows of 3,834.3 BTC, worth about $256.8 million.

📡 8-hour recap | Aug 23 00:00-08:00

RecodeX’s message restructuring: Over the past 8 hours, U.S.-Canada and Canada-U.S. trade talks collapsed, and both sides have launched retaliatory measures with high tariffs, becoming the main storyline in global markets; the cryptocurrency market has been strong—Bitcoin ETF inflows hit a record high, with altcoins like ZEC leading the surge. In the tech sector, Nvidia notified that rising costs will push server prices higher, while OpenAI paused training and issued statements to strengthen AI safety legislation.

🤖 AI and Technology

1. Nvidia has notified some of its largest customers that, due to a surge in memory chip costs, the price of servers equipped with its AI chips will increase—typically by more than 15%. This affects Vera Rubin and Grace Blackwell models scheduled for delivery in early next year.

2. OpenAI said California should strengthen AI safety bill SB 53; the company had previously opposed the bill. OpenAI also announced it is pausing training for advanced AI models because it detected “dark signals” in the models, which could pose potential risks.

3. Microsoft has patched a serious vulnerability in its Entra ID identity service. The flaw received the highest severity rating of 10. An attacker could exploit it to execute code remotely, but no evidence of exploitation has been found.

4. DeepSeek announced that starting from 00:00 on Aug 23, it optimized peak and off-peak billing rules. On weekends, pricing will be charged uniformly according to off-peak rates all day. Previously, it had already fully raised API prices and implemented peak/off-peak pricing.

5. MiniMax released its M3 Medium model, achieving a 73.17% F1 score on the DeepSearchQA benchmark, close to the performance of GPT-5 High.

💰 Crypto and Finance

1. As of the week of Aug 21, U.S.-listed Bitcoin and Ethereum ETFs collectively recorded $2.6 billion in net inflows. Bitcoin products accounted for $1.92 billion—its strongest single week since October 2025.

2. Privacy coin Zcash (ZEC) broke above $800, with a single-day gain of 48%. Futures trading volume climbed to billions of dollars. Grayscale’s submitted Zcash trust conversion to a spot ETF has made progress.

3. A “whale” sold 2,700 Bitcoins today (about $211.8 million). Over the past three days, cumulative selling totaled 7,700 Bitcoins (about $576.6 million). Bitcoin is nearing the $80,000 threshold.

4. Standard Chartered analysts expect Bitcoin could rise from $79,500 by year-end to challenge the all-time high of $126,000—a gain of 58%.

5. Laser Digital Japan, a subsidiary of Nomura Holdings, completed registration as a crypto asset trading service provider in Japan, becoming the first new institution approved to enter Japan’s crypto trading space in about four years.

🌍 Geopolitics and Trade

1. U.S.-Canada trade talks broke down on Friday. The U.S. imposed a new 50% tariff on about $20 billion worth of Canadian goods. Canadian Prime Minister Trudeau announced that starting September 8, Canada will implement retaliatory tariffs of equivalent value, covering items such as steel and dairy products.

2. Prime Minister Trudeau said the U.S. proposal is a “bad deal,” emphasizing that Canada will not compromise at the expense of sovereignty or key industries, and he withdrew the negotiating representatives. He later said Canada and the U.S. are already “at war” over trade issues.

3. Republican lawmakers in the U.S. Congress criticized President Trump’s decision to pause tariffs on imported lean finely textured beef. Nebraska Senator Deb Fischer and Pete Ricketts said they oppose the move. The U.S.’s largest cattle producers’ association said Trump’s plan to lower beef prices is harming farmers’ interests.

4. Iran’s Islamic Revolutionary Guard Corps has effectively taken control of the Strait of Hormuz. U.S. Treasury Secretary Besant will release details of a new plan on Monday, shifting the conflict approach toward full economic isolation.

5. Germany plans to spend about $14 billion to procure cruise missiles, Tomahawk missiles, and hypersonic weapons to strengthen deterrence against Russia.

📈 Markets and Regulation

1. The U.S. composite PMI for August rose to 56.0, the highest since April 2022. The services PMI led at 56.8, while the manufacturing PMI fell to 53.9.

2. The Nasdaq 100 ETF attracted $10.9 billion in inflows in August, double July’s figure. It broke the $9.2 billion monthly record set in March 2022, while semiconductor ETFs saw outflows of $2.8 billion.

3. U.S. stocks in the nuclear power sector fell collectively. NuScale Power and Oklo shares dropped by about 5%, and Centrus Energy fell by 6%. The market has concerns about near-term outlook for the nuclear power industry.

4. The Blockchain Association and the Crypto Innovation Council filed a lawsuit challenging Illinois’s constitutionality of a 0.2% tax on digital asset transactions. The tax was originally set to take effect in 2027.

5. The Dutch Data Protection Authority fined Uber €824.9 million because its practice of automatically deactivating European drivers’ accounts violated the GDPR. Uber said it will appeal.

🔒 Security and Risk

1. The Sandbox found no-collateral minting vulnerability, then paused the bridge functionality for SAND tokens on the Base and BNB Chain networks and issued a warning prohibiting trading.

2. BounceBit announced the permanent shutdown of its Layer 1 blockchain due to an attack in which adversaries transferred 286.5 million BB tokens. It plans to re-issue BEP-20 assets on BNB Chain.

3. Coinkite released firmware 5.6.1 for its Coldcard hardware wallet. It forces users to provide their own randomness when generating new wallet seeds. Previously, the device had been exploited due to a $10 million vulnerability.

4. A U.S. federal judge ruled that the Trump administration’s immigration visa ban affecting citizens of 75 countries is unlawful. The judge said the policy discriminates based on nationality and violates federal immigration law.

Editor’s note: The U.S.-Canada trade conflict and rising AI compute costs may become key variables affecting market sentiment over the coming weeks, though the impact will still need to be monitored alongside subsequent negotiations and policy implementation.

📡 Hourly Update | 07:00-08:00

1. US President Trump said the US is making profits through tariffs, but did not provide specific data or details.

2. US-Canada trade talks broke down. The Trump administration imposed a 50% tariff on Canadian goods, and Canadian Prime Minister Chrystia Freeland announced retaliatory tariffs.

3. In August, the US composite PMI rose to 56.0, the highest since April 2022. The services PMI led the gain to 56.8, while the manufacturing PMI fell to 53.9.

4. Last week, spot Bitcoin ETFs saw net inflows of $1.9 billion. Spot Ethereum ETFs saw net inflows of $697.2 million, both marking the best single-week performance since 2026.

5. Standard Chartered Bank analysts expect Bitcoin could surge from $79,500 by year-end to $126,000, challenging the all-time high, for a potential increase of 58%.

6. Trump said that if necessary, he would deploy the military to intervene and stabilize the market to deal with volatility in the US Treasury market, without disclosing specific action details.

7. Singapore police launched an island-wide anti-drug operation, arresting 81 people and seizing weapons such as samurai swords and knuckle dusters.

8. Tropical Storm Moke is expected to pass near Hawaii on Saturday, potentially bringing heavy rainfall and life-threatening flooding.

📡 Hourly News Report | 06:00-07:00

1. Spot Bitcoin ETFs recorded a net inflow of $307 million; Ethereum ETFs added $185 million. Both extended their streak of consecutive net inflows to five trading days.

2. U.S. stocks’ nuclear power sector fell across the board. NuScale Power and Oklo shares dropped by about 5%, and Centrus Energy fell by 6%. The market is concerned about the sector’s near-term outlook.

3. Iran’s Islamic Revolutionary Guard Corps has effectively taken control of the Strait of Hormuz. U.S. Treasury Secretary Bessent will unveil details of a new plan on Monday, shifting the conflict approach toward full economic isolation.

4. Deputy Attorney General nominee Todd Blanche said at a Senate hearing that legal action will be taken against the bad actors involved in the $400 million settlement agreement reached with TikTok.

5. DeepSeek announced that it will optimize peak-and-off-peak billing rules starting from 00:00 on August 23. On weekends, billing will apply the off-peak price all day. Previously, it had fully raised API prices and implemented peak-and-off-peak pricing.

6. The National Pipeline Network Group announced that the cumulative amount of natural gas delivered by the first stations of the West-to-East Gas Pipeline lines 2 and 3—specifically the Hormuz compressor station—has exceeded 600 billion cubic meters, with annual gas-transmission capacity reaching 60 billion cubic meters.

7. MiniMax released the M3 Medium model. It achieved an F1 score of 73.17% on the DeepSearchQA benchmark, close to the performance of GPT-5 High.

8. Ethereum surged 29.8% over the past seven days, outperforming Bitcoin’s 22.9% gain. It hit an intraday high of $2,546 on Saturday, driven by the return of ETF buying and short-covering.

📡 Hourly Bulletin | 05:00-06:00

1. RecodeX Rewrites the Message: As public dissatisfaction with data center construction grows, U.S. presidential candidates from both parties are distancing themselves from such facilities. Candidates in key swing states are scrambling to endorse stricter data center policies and accusing their rivals of having overly close ties to the industry. Polls show that Americans’ resistance to the rapid expansion of data centers is increasing, and this issue has become a major battleground in the midterm elections.

2. RecodeX Rewrites the Message: Iranian photographer Yalda Moaiery has been sentenced to 15 years in prison by an Iranian court for recording life under the Iranian regime for more than two decades. In an interview, she issued a desperate plea: “Don’t forget me.” CNN correspondent Jim Sciutto conducted an interview with her.

3. RecodeX Rewrites the Message: The U.S. Immigration and Customs Enforcement (ICE) carried out its first deportation flight since the Trump administration ended Temporary Protected Status (TPS) for Haitian nationals, sending people to Haiti. According to media reports, the flight departed on August 22, and the number of people involved was not disclosed. The move marks a major shift in U.S. policy toward Haitian migrants, drawing attention to the situation and humanitarian impact in Haiti.

4. RecodeX Rewrites the Message: A U.S. federal judge ruled that the Trump administration’s immigration visa ban targeting citizens of 75 countries is unlawful, saying the policy discriminates based on nationality and violates federal immigration law. The judge said the ban does not meet legal requirements and that related visa applications should be reinstated for review.

5. RecodeX Rewrites the Message: A U.S. federal judge in New York ruled that the Trump-era policy suspending the processing of immigration visas for people from 75 countries is invalid. The policy covered countries including Afghanistan, Iran, Russia, and Somalia, whose citizens’ visa applications had previously been put on hold.

6. RecodeX Rewrites the Message: Canadian Prime Minister Mark Carney said Canada and the United States are already “at war” over trade issues, and he described U.S. President Donald Trump’s escalation of tariff attacks as a “misjudgment.” Carney’s remarks signal further escalation in trade tensions between the two countries.

7. RecodeX Rewrites the Message: The U.S. announced that it will impose an additional 50% tariff on a range of goods, and a detailed list has been published. The move involves multiple categories and could affect relevant trade and industries. It remains unclear when the tariff measure would take effect specifically and whether it includes exemptions.

8. RecodeX Rewrites the Message: Palestinian health officials and local media reported that at least 19 Palestinians were injured due to Israeli military raids in the West Bank and attacks by illegal settlers. The Israeli military opened fire and wounded three Palestinians who were trying to enter occupied East Jerusalem.

📡 On-the-Hour Update | 04:00-05:00

1. NVIDIA informed some of its largest customers that due to a surge in the cost of memory chips, the prices of servers equipped with its AI chips will increase. In most cases, the increase will exceed 15%, affecting the Vera Rubin and Grace Blackwell servers scheduled for shipment at the beginning of next year.

2. A “giant whale” sold 2,700 bitcoins today (about $211.8 million). Over the past three days, it has sold a total of 7,700 bitcoins (about $576.6 million). Bitcoin is edging closer to the $80,000 threshold.

3. The Trump administration has suggested ending the American Bar Association’s monopoly over law school accreditation. The Department of Education reports that its accreditation power hampers reforms aimed at diversifying legal education, a move that could reshape the landscape of legal education.

4. South Korea’s National Assembly passed a special law banning the eating of dog meat. Starting from February 2027, it will be prohibited to slaughter dogs for the purpose of consumption. Violators may face up to three years in prison or a fine of 30 million won.

5. The acting deputy defense minister of Iran said that despite sanctions, the defense industry continues to keep its production lines running and will deploy new weapons on the battlefield, emphasizing that it will not give in to pressure.

6. Trade talks between the U.S. and Canada have broken down, and both sides are implementing a new round of tariff measures. The U.S. Trade Representative said Canada refused the “best” agreement, leading the U.S. to impose a 50% tariff on goods from Canada.

7. A Russian drone attack hit a shopping center in Ukraine. The death toll has risen to 16, and another 130 people were injured, including at least 23 children. Rescue efforts are still underway.

8. OpenAI announced it is pausing the training of its advanced AI models after detecting “dark signs” in the models, which may pose potential risks. No specific details or timeline for resumption were disclosed.

📡 On-the-hour Update | 03:00-04:00

1. Privacy coin Zcash (ZEC) has broken through $800, with a daily gain of 48%. Futures trading volume has risen to several billions, and progress has been made toward converting the Zcash trust submitted by Grayscale into a spot ETF.

2. Nvidia has notified some of its largest customers that server systems running with its AI chips (including Vera Rubin and Grace Blackwell) will increase in price starting in early 2027, with increases exceeding 15%.

3. The 2026 World Humanoid Robot Olympics have opened in Beijing. A total of 666 teams from around the world are competing with more than 2,000 humanoid robots.

4. Last week, U.S. spot Bitcoin and Ethereum ETF combined net inflows totaled $2.6 billion, marking the strongest single-week performance since October 2025. Total trading volume rose to $29.0 billion.

5. Iran’s top security official Rezaei said Iran will target the interests of countries that help the United States wage an economic war against the Islamic Republic of Iran.

6. After talks with the White House broke down, Canadian Prime Minister Carney outlined next steps to protect Canada’s interests, including implementing reciprocal retaliatory tariffs on the United States. These tariffs will take effect on Tuesday after Labor Day.

7. On the evening of the 22nd, Latvia was hit by a severe windstorm, causing serious damage to the power distribution network. More than 180,000 users across the country lost electricity.

8. A fire broke out in an apartment building at a holiday resort on the island of Mallorca, Spain, injuring at least 5 people. Many were trapped inside the building, and the fire department has rushed to the scene for rescue.

📡 On-the-Hour Update | 02:00-03:00

1. Canadian Prime Minister Trudeau said details of the retaliatory tariffs against the United States will be released in the coming days, and the new measures will take effect on Tuesday after Labor Day.

2. The U.S. Postal Service finalized new rules for mailing ballots, requiring states to submit voter rolls and use special barcode envelopes, but execution has been paused under a court injunction.

3. Nvidia has informed some major customers that the price increases for servers equipped with its AI chips will exceed 15%, covering the Vera Rubin and Grace Blackwell models scheduled for delivery in early next year.

4. For the week ending August 21, U.S.-listed Bitcoin and Ethereum ETFs recorded a combined $2.6 billion in net inflows, including $1.92 billion into Bitcoin products.

5. The German government announced an approximately $14 billion defense procurement plan to buy new long-range strike missiles to strengthen deterrence against Russia.

6. Russian forces launched a double strike on a shopping mall in Ukraine, killing at least 16 people; the second strike targeted rescue personnel.

7. The largest U.S. cattlemen’s association said President Trump’s plan to lower beef prices is harming farmers’ interests, following the U.S. announcement allowing imports of up to 300,000 metric tons of beef.

8. Laser Digital Japan, a subsidiary of Nomura Holdings, has completed registration as a crypto asset trading service provider in Japan, becoming the first new institution approved to enter Japan’s crypto trading sector in about four years.

📡 Hourly Update | 01:00-02:00

1. Privacy coin ZEC surged 47.1% in the past 24 hours to $827.02, leading the altcoin market. BCH, ADA, DOGE, and others also recorded double-digit gains.

2. The Nasdaq 100 ETF attracted $10.9 billion in inflows in August, doubling July’s figure. It broke the $9.2 billion monthly record set in March 2022, while semiconductor ETFs saw outflows of $2.8 billion.

3. Microsoft has patched a critical vulnerability in its Entra ID identity service. The issue received the highest severity score of 10/10. Attackers can exploit it to remotely execute code, but no evidence of exploitation has been found.

4. The Dutch Data Protection Authority fined Uber €824.9 million for violating the GDPR by automatically disabling European drivers’ accounts. Uber said it will appeal.

5. Coinkite released firmware version 5.6.1 for the Coldcard hardware wallet. The update forces users to provide their own randomness when generating new wallet seeds. Previously, the device had been exploited due to a $10 million vulnerability.

6. Explosions and arson incidents occurred in Thailand’s southern provinces of Narathiwat, Yala, and Phatthalung (North Da year). At least two people were injured. Narathiwat Province imposed a curfew from 22:15 on the 22nd to 06:00 on the 23rd.

7. A 5.9-magnitude earthquake struck Ibaraki Prefecture in Japan. The strongest reported shaking was Shindo 5- (weak), with a depth of 70 km. The quake was clearly felt in Tokyo.

8. U.S. President Donald Trump disclosed 1,051 financial transactions in June, with a total value ranging from $78.1 million to $263.1 million. The largest single transaction was on June 22: selling VIG (between $5 million and $25 million).

📡 Hourly News Brief | 00:00-01:00

1. Trade talks between the US and Canada broke down on Friday. The US will impose a 50% new tariff on Canadian goods worth about $20 billion. Canadian Prime Minister Trudeau announced that from September 8, Canada will implement equivalent retaliatory tariffs, covering areas including steel and dairy products.

2. Trudeau said the US proposal is a “terrible deal,” stressing that Canada will not compromise sovereignty or key industries, and withdrew its negotiating representatives.

3. Republican members of the US Congress criticized Donald Trump’s decision to pause the tariffs on imported cubed beef. Nebraska Senators Deb Fischer and Pete Ricketts voiced their opposition.

4. After The Sandbox found an uncollateralized minting loophole, it paused the bridge functionality for the SAND token on the Base and BNB chains and issued a warning prohibiting trades.

5. BounceBit announced the permanent shutdown of its Layer 1 blockchain. The move follows an incident in which attackers transferred 286.5 million BB tokens. It plans to re-issue BEP-20 assets on BNB Chain.

6. OpenAI said California should strengthen AI safety bill SB 53, after the company had previously opposed the measure.

7. A blockchain association and the Crypto Innovation Committee sued the state of Illinois over a 0.2% tax on digital asset trading. The tax was originally set to take effect in 2027.

8. Germany plans to invest about $14 billion to procure cruise missiles, Tomahawk missiles, and hypersonic weapons to strengthen deterrence against Russia.

📡 Entrepreneurship & Investment Brief | August 22

RecodeX reshapes the news. On August 22, 2026, the global venture capital and financing markets were active, with 76 financing-related updates recorded. Primary-market financing covers multiple areas including AI, healthcare, new energy, and space technology. Starcloud completed a $250 million Series A extension round, reaching a valuation of $2.3 billion, making it one of the largest single deals of the day. In M&A and strategic investments, Stripe plans to acquire OpenRouter for $8 billion, while Broadcom is considering fundraising to support AI companies—showing capital’s continued push into AI infrastructure.

🚀 Primary-market Financing

1. Also completed a $150 million financing to accelerate its autonomous driving delivery vehicle business and electric bicycle delivery, bringing total funding to nearly $500 million.

2. Princeton Critical Minerals raised $16 million to expand its brine lithium extraction technology platform, with a $11 million Series A led by SOSV.

3. Space completed a $2.4 million seed pre-financing round led by a16z Speedrun to build an AI-native distributed file system.

4. Hypercubic completed a $5.3 million seed round led by CIV for an automated mainframe modernization project.

5. Singular Photonics completed a $2.15 million financing round led by ACF Investors to accelerate the commercialization of SPAD image sensor technology.

6. Lei Ting Shan Gold Company completed a $5.7 million private placement to advance exploration and development of mineral projects.

7. Redfaire secured a €13 million investment from BGF to support international expansion and targeted acquisitions.

8. Élisa Interactive completed a $875,000 Pre-Seed round to develop the AI tool Me-Z-Scene.

9. Starcloud completed a $250 million Series A extension round, with a post-investment valuation of $2.3 billion, led by Manhattan West, for building a network of orbital AI data centers.

10. Grounded completed a $5 million seed round and moved into a new plant in Detroit, boosting capacity by 1,900%.

11. Discovery Loop completed initial financing of an undisclosed amount, co-led by Khosla Ventures and Radical Ventures, to build an AI system for automated scientific research.

12. Hopscotch Primary Care completed a $53 million Series D round led by 8VC and Town Hall Ventures, to expand the rural primary care platform.

13. CtrlS Datacenters obtained about $26.1 million in investment from Nikhil Kamath and Sreeram Reddy Vanga to expand its data center platform.

14. NeoGeoInfo Technologies completed a $20 million Series A round, invested by SBI’s Neev II fund and Aavishkaar Capital, to expand its geospatial intelligence platform.

15. MarginEdge completed an $80 million Series D round jointly led by Schooner Capital and Ten Coves Capital, to develop dining AI tools.

16. Greenjoules completed a ₹620 million Series B round led by Amazon, for its renewable fuels business.

17. Twin1 AI completed a $20 million seed round jointly led by Bessemer Venture Partners and others, to develop an AI digital twin platform.

18. ESS Tech signed a $3.2 million registered direct offering and private placement for working capital.

19. Gossamer Bio reached up to $250 million in structured private financing to support the development of drugs for pulmonary arterial hypertension.

20. Pixelgen Technologies completed a $15.5 million Series B round led by Flat Capital to accelerate Proxiome Kit commercialization.

21. Aisel Health completed a €1.7 million pre-seed round led by Caesar Ventures to expand its psychiatry operations system and enter the UK market.

22. Thunder Compute completed a $13 million Series A round led by Matrix Partners to unlock idle GPU capacity.

23. Capitan Orthopedics completed an oversubscribed seed round, oversubscription of $1.1 million, with total funding of $4.1 million.

24. Letara completed a ¥2.6 billion (about $16 million) financing to expand hybrid rocket technology into space and defense markets.

25. Outer Biosciences raised about $23 million to build its skin testing authorization business.

26. Rundoo completed a $30 million Series B round led by Battery Ventures to expand its AI business operations system.

27. Grass-cutting robot company completed an A-round financing of tens of millions of yuan for product development and market expansion.

28. Omega Seiki Mobility received an additional ₹50 million to accelerate international expansion

…

📡 Hourly Report | 21:00-22:00

1. Apple leaked several unreleased products in macOS Tahoe 26.7 candidate versions, including camera-equipped AirPods, a new Apple TV, and a Home Hub. Bloomberg says the camera AirPods will be released next year.

2. Bitcoin rose by about $10,000 over the past week, breaking above $77,000. It touched $79,500 yesterday. Short sellers lost about $3 billion, and the ETF saw net inflows of $1.92 billion this week.

3. The United States’ multi-billion-dollar tariff on Canadian goods officially went into effect. Canada’s prime minister said it would carry out reciprocal retaliation “one dollar for one dollar.”

4. DeepSeek adjusted its API pricing rules: starting from 00:00 on August 23, weekend hours will be charged at the off-peak rate all day. Weekdays will still be billed by time-of-day, with the peak price set at 2 times the off-peak rate.

5. Take-Two issued a subpoena to Microsoft over leaked screenshots of GTA 6, requesting Windows device IDs of users from three Discord servers to trace the source of the leak.

6. Gold prices broke through $4,600 per ounce, with a weekly gain of nearly 5%. Silver also surged past $69. Earlier, the U.S. Treasury doubled the size of its long-term bond repurchase program.

7. After nine years away, Hull City returned to the Premier League and stunned Manchester United 1-0 in their first match, securing the club’s first-ever top-flight league win over Manchester United.

8. Multiple U.S. states have banned Kalshi’s operations. The CFTC is working with state regulators to address regulatory challenges for prediction markets, as related legal disputes continue to escalate.

📡 On-the-hour Report | 19:00-20:00

1. The yield on 30-year U.S. Treasuries is once again edging toward the 5.3% level. Earlier, U.S. Treasury Secretary Bessent’s market intervention produced only a brief two-day effect, and markets are now focused on its potential impact on global financial markets.

2. Iran continued to respond with tough rhetoric on Saturday to the United States’ plan to impose a new round of severe sanctions. It accused the U.S. of claiming so-called “extra-territorial privilege,” arguing that it goes far beyond the realm of unlawful “economic warfare,” and vowed to retaliate.

3. Bitcoin has risen by more than 23% over the past three days, adding roughly $275 billion to its market value. On August 22, it closed at about $78,300, with a single-day gain of over 7%. Exchange inflows increased, with about 53,000 BTC transferred to exchanges.

4. Anthropic, the developer of an artificial intelligence model, is considering a large-scale initial public offering (IPO). It plans to raise more than $100 billion, with valuation discussions reaching up to $2 trillion—potentially surpassing the IPO record set by SpaceX in June.

5. In the first week of a landmark trial targeting the world’s largest social media company, prosecutors summarized Meta’s business with four H-initial words: hook, hold, harvest, and hide. They allege that it “hooks” users and “harvests” data.

6. The Dutch Data Protection Authority fined Uber €825 million for using AI algorithms to automatically deactivate drivers’ accounts, in violation of EU data protection regulations. Uber said it will appeal.

7. Data from the Ministry of Commerce shows that from January to July this year, the amount of actual utilized foreign capital nationwide was RMB 438.33 billion. The number of newly established foreign-invested enterprises exceeded 37,000, up 4.4% year over year. In particular, actual utilized foreign capital in high-tech industries was RMB 182.31 billion, up 32.7%.

8. Trade talks between the United States and Canada broke down just hours before a new tariff deadline took effect. Both sides failed to reach an agreement. Meanwhile, U.S. President Trump threatened to impose an “economic D-Day” sanction on Iran, and U.S. Treasury yields this week have already surpassed the $40 trillion mark.

📡 Hourly News Bulletin | 18:00-19:00

1. The price of Bitcoin rises to $80,000, pushing the Crypto Fear and Greed Index to 71, approaching the 12-month high of 74. Market sentiment remains in the “greed” zone.

2. U.S. President Trump announces that within the next 90 days, up to 300,000 tons of ground beef scraps will be allowed for zero-tariff imports, with a requirement that the price be 25% lower than the current market price, triggering strong opposition from ranchers.

3. The Ministry of Water Resources has initiated a Level IV emergency response for flood defense in Guangdong, Guangxi, and Hainan. It is expected that from August 22 to 24, parts of these regions will experience heavy to torrential rain, and the Youjiang River’s tributaries in Guangxi may see floods exceeding warning levels.

4. The five-day World Robot Conference opens in Beijing. More than 300 companies are exhibiting. The founder of Unitree Robotics says the industry’s “ChatGPT moment” has not arrived yet.

5. Student transportation service provider Zum officially enters the New York market, becoming its 19th state in the U.S. It will help the company gain access to one of the largest student transportation areas across the country.

6. NASA’s “Dragonfly” nuclear-powered rotorcraft mission is set to launch soon. It will head to Titan to search for signs of life. Costing $3 billion, it is NASA’s final large-scale solar system exploration mission.

7. The Ministry of Water Resources and the China Meteorological Administration jointly issue a red meteorological alert for flash-flood disasters. It is expected that in local areas of the southwest of Guangxi, the likelihood of flash-flood disasters is high.

8. Australia’s Capital Territory joins the firearm buyback program in response to last December’s shooting at Sydney’s Jewish holiday events that resulted in 15 deaths.

📡 Hourly News Brief | 17:00-18:00

1. The U.S. military has been stationed along the southern border for more than a year, expanding arrest powers; it can detain immigrants, raising questions about the legality of military involvement in domestic law enforcement.

2. Iraqi President Amadi said he has communicated with the Speaker of Iran’s parliament, and that some vessels carrying Iraqi oil have been allowed to pass through the Strait of Hormuz. He emphasized that dialogue with militias is needed to resolve weapons control issues.

3. As of August 21, the cumulative issuance size of 2026 panda bonds reached RMB 209.975 billion, up more than 73% year over year. Foreign investors account for only 5%-8%, while domestic pricing power remains firmly established.

4. Lei Jun, founder of Xiaomi, announced that Xiaomi will participate in IFA for the first time, showcasing a complete lineup across the “human–car–home” ecosystem and laying out plans for the international consumer electronics exhibition.

5. Thirteen A-share listed companies have been placed under filing and investigation by the CSRC for alleged illegal and违规 information disclosure, involving financial fraud; regulators have launched a tough crackdown.

6. The Trump administration plans to provide a $500 million grant to support U.S. mineral projects, strengthening key mineral supply chains involving strategic resources such as lithium and rare earths.

7. U.S. spot Bitcoin ETFs saw a net inflow of $1.9178 billion over the week, the largest weekly net inflow since October last year.

8. The total amount of U.S. Treasury debt has surpassed $40 trillion, setting a new historical high. Strategists have warned of the risk of a “stocks-and-bonds collision.”