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
An 8-year veteran practitioner tells you: How to spend the industry's garbage time
The market has gradually become quiet recently. Many colleagues have expressed that they can’t see the direction clearly or are forced to be friends with time. This is actually not the first time. Looking back, since I entered the circle in 2016, I seem to have experienced four major garbage cycles. Although I often comfort myself in my heart that all this will pass, the positive cycle will come back, and liquidity will come back, but when we are really in the garbage time, we will feel more or less depressed or helpless. Winter in Zhongguancun. The first garbage time was when I entered the circle. At that time, the industry had just shifted from the cold winter of 2015 to the recovery period of 2016. OKCoin and Huobi, located in Zhongguancun, also stopped layoffs. The market was gradually recovering, and exchanges finally had positive income.
Didn’t think it would really arrive—this time it didn’t get postponed. At midnight, OpenAI released its new flagship model for the next generation, GPT 6 Astra. Officially, it’s positioned as the best AI model in the world right now!
Its core selling point isn’t just stronger Q&A. It can directly operate your computer: browse the web, write code, create PowerPoint slides, and build projects—faster, more stable, and with fewer deviations.
At the same time, this generation particularly emphasizes that Astra is the most aligned one. It understands user intent better, with less overstepping—fewer instances where it performs extra actions that go beyond user needs on its own.
For example, when it comes to the same task, it tends to take fewer detours and understands what you actually want. Even if you change requirements mid-way, it can still remember the original goal.
However, this version also comes with restrictions for users, because it has been confirmed to be extremely strong in capabilities like network security—so strong that OpenAI itself, even when following its own safety framework, has marked it as high risk.
So the network attack-and-defense capabilities that people in the market were hoping for won’t be opened up to users for now. Instead, they’ll only be available to some institutions and paying users.
For this round of tests and API costs, OpenAI also compares GPT 6 Astra with Claude Fable 5.1 across the board, and in every metric, GPT 6 Astra comes out ahead.
Too abstract. The U.S. White House created a game website; the main promotional headline is CAN'T STOP WINNING—winning without stopping.
And the games inside are even more politicized. For example, there’s a Snake game where you play as a border patrol officer, going to catch those illegal immigrants and turn them into prisoners following behind.
And Tetris is about building a border wall to fend off those illegal immigrants.
Recently, the financial world has been focused on this biggest divorce case involving a massive amount of money. The reason is that, behind it all, lies the hedge fund Two Sigma, which has been raking in enormous profits right now.
In 2001, John and another founder, Siegel, started Two Sigma when it was still very small. The following year, John married Laura. They did not sign a prenuptial agreement.
In the U.S. state of New Jersey where they lived, divorce typically involves a fair split of marital assets. But 20 years later, the hedge fund Two Sigma has grown bigger and bigger.
Just based on 13F filings, the long equity holdings in U.S. stocks exceed $130 billion. With management fees plus performance fees, in a single year the founder team can generate massive cash flow. The equity is also extremely valuable—effectively turning into a printing press that continually siphons off value.
As John’s net worth rose alongside the company, his wife Laura accused that long ago, John had already been considering how to protect his control of the company in the event of a divorce.
Around 2018, John moved a large amount of assets from a New Jersey trust to a Wyoming trust, and Laura signed the documents as well.
However, after she filed for divorce in 2022, she claimed that those terms had not been clearly explained at the time. She then informed the trust attorneys, saying that she had signed the asset transfer agreement without knowing.
It’s as if, before the divorce was even finalized, the path of asset distribution had already been changed.
So Laura formally sued for divorce. The core of her argument is this: when Two Sigma got married, the company was still small. The huge growth that came later was marital property. She is seeking 35% of his shareholding. She values the entire bundle of shares at about $6.2 billion, so 35% is worth roughly $2.1 billion.
As the divorce unfolded, the company itself also began to split.
John and the other founder, Siegel, had been at odds for years. In 2023, the company was forced to admit to investors that their falling-out had already created a material risk. In August 2024, the two were removed from their roles as co-CEOs. Someone else was put in charge of day-to-day operations, while they retained the chairmanship and their equity.
But the biggest issue is that these two founders—John and Siegel—originally set up a system of checks and balances against each other through their shares. If, ultimately, part of John’s shares is ruled to be awarded to his ex-wife Laura, it would mean the company’s control structure changes. Because then Laura could, at any time, align with Siegel and together push John out.
In the end, this divorce case has turned into a real-life struggle over who gets what and who holds power—family assets on one side, and corporate control on the other.
In the Xingyu coercion case involving new graduates resigning to seek rights, an abnormal lawyer wrote a very long article claiming that anyone who went to the EU and the Hong Kong Stock Exchange to file reports and reflect problems are traitors—so much so that the label is being put on them at the sky level.
As expected, the author is about to be set off by netizens’ verbal blasts 🤣
The Trump coin is here! The U.S. Mint has announced that the 2026 Trump 1-dollar coin has been officially released. Each household is limited to purchasing up to 2 items of each product.
A pack of 25 coins, face value 25, priced at $61. A pack of 100 coins, face value 100, priced at $154.5.
This is the first time in U.S. history that a circulating dollar coin features the image of the current president.
Byte employees really can’t catch a break. Byte has issued an all-staff letter internally, deciding to raise the employee share option repurchase price again to $241.35.
And last October, the repurchase price was still $200.41, which means that in less than a year, the share options held by Byte employees—at the official repurchase price—have already increased by 20%, and employees can now apply to seek liquidity and sell.
The author who teaches people how to make money is already $1.2 billion in debt. Robert Kiyosaki, the author of the best-selling personal finance pop book “Rich Dad Poor Dad,” admits that he’s using real estate as collateral to take out loans, then investing the borrowed money—constantly rolling leveraged positions.
He says this is the way the wealthy play: using debt to leverage income-generating assets, rather than slowly saving cash to buy them. He’s currently piled up 1,500 rental properties with friends and is proud of it.
Yushuo Technology has officially fallen below the 550 yuan mark, with the stock price cut in half.
Compared with the opening price of 1,100 yuan, it is down 50.3%. If you had chased it when it opened two weeks ago with 1 million yuan, you now have less than half left.
Previously, engineer Ding Linwei, who stole Google’s internal AI technology, prepared 2,000 pages of materials to take back to China to start a business, and sought financing, was officially sentenced to 12 months by the court yesterday, confirming that he committed the crime of stealing trade secrets.
Because all he wanted was to take the materials back to start a business and raise money, the court dismissed the prosecution’s charge of economic espionage. However, he must pay Google more than $190,000 in damages.
It turns out that the dollar “rescue yen” operation is behind it all—Trump. According to a New York Times report, this year in May, before meeting with Japanese Prime Minister, U.S. Treasury Secretary Scott Bessent repeatedly and intensely expressed his displeasure over the yen issue to Japan’s finance minister for as long as two hours, even before the meeting.
He doesn’t understand why the authorities are seeking to keep the yen depreciating. His boss, Trump, believes that a weak yen would hurt U.S. exporters.
He accuses Japan’s authorities of continually pressuring the central bank to maintain Japan’s low interest rates while, at the same time, the government is constantly increasing spending. He says this strategy is driving funds out of Tokyo and pushing the yen to its lowest level in 40 years.
At present, he is more inclined to have the Bank of Japan raise interest rates on its own rather than carry out another round of large-scale foreign-exchange intervention.
Memory strain is still ongoing. Multiple domestic smartphone brands have announced that, starting September 1, they will raise prices across their lineup for mainstream flagship and older model phones.
Currently, mainstream media forecasts suggest that the upcoming September new iPhone models from Apple will generally have a launch price increase of 800–2,000 RMB compared with previous years.
Multiple major domestic media outlets collectively published statements at noon, saying that many domestic media account received bulk complaints from Justin Sun. The reason was that they mentioned his personal past experiences. Even articles that didn’t mention his name—only historical matters—were also subject to infringement complaints.
Among them, the article complained about by 36kr was an old piece from 2023.
According to the latest Apple employee posts and the 5-year service anniversary certificates they shared, Apple’s internal handover has been completed in full. The new certificates all bear the signature of John Ternus, rather than the previous one, Tim Cook.