📡 8-hour Recap | Aug 18, 08:00-16:00
RecodeX rewrites the message: today’s AI and crypto market dynamics are dense and fast-moving. Anthropic’s annualized revenue surpasses OpenAI; Nvidia provides a massive guarantee to help OpenAI build AI factories. Meanwhile, Bitcoin volatility drops to a low level as Treasury yields surge, sparking market concerns. At the same time, multiple companies push forward with IPOs, while regulatory and security incidents occur frequently.
🤖 AI and Technology
1. Anthropic’s annualized revenue run rate reached $65 billion in July, up sevenfold from the end of 2025—surpassing OpenAI. Investors expect its IPO in October this year, with a valuation that may reach $2 trillion.
2. Nvidia CEO Jensen Huang announced that OpenAI will build an AI factory in Ohio. The planned power capacity is 4.25 GW. The initial deployment is about 1.5 million GPUs, corresponding to $150–$200 billion in Nvidia revenue, along with a guarantee of up to $105 billion.
3. Zhipu (智谱) releases its next-generation GLM-5.3 model, with significantly improved network security capabilities, and launches a “Open-Source Shield” program to provide free security audits.
4. OpenAI’s annualized revenue is $40 billion, valuing it at $85.2 billion, but it faces a wave of executive departures.
5. Google plans, starting in 2027, to move all Pixel product manufacturing out of China and accelerate manufacturing plans in Vietnam and India.
💰 Finance and Markets
1. The global bond market faces large-scale selloffs. The 30-year U.S. Treasury yield rises to 5.327%, the highest level since 2007, as the market worries about supply shocks and inflation pressure.
2. Bitcoin prices move back above $64,000. Fundstrat says 30-day volatility has fallen to a historical low. In similar past stages, the median absolute 60-day price change was 30.2%.
3. Nasdaq plans to extend U.S. stock trading hours to 23 hours per day starting December 6, pending SEC approval.
4. SHEIN seeks a Hong Kong IPO with a valuation of $26–$27 billion, aiming to raise about $2 billion—down roughly 70% from its 2022 peak valuation.
5. India’s National Stock Exchange plans an IPO with a valuation of up to $55 billion, setting a new record in India’s history.
🔗 Crypto and Regulation
1. The U.S. Department of the Treasury formally proposes stablecoin regulatory rules, aiming to advance the implementation of the GENIUS bill and provide a clear regulatory framework for stablecoin issuance and operations.
2. The Moscow Exchange plans to offer perpetual futures for Bitcoin and Ethereum to professional investors, and gradually expand to as many as 10 assets.
3. South Korea’s Broadcasting and Communications Review Committee decided to block the prediction market platform Polymarket, ruling that it constitutes an illegal gambling environment.
4. Security firm Bitdefender found that pirated resources for the film “Odyssey” contain a cryptocurrency-stealing malware called Lumma Stealer.
🏭 Enterprises and Industry
1. Yuhua Medical (英脉医疗) completes a $12 million Series A round. Qiming Venture Partners leads exclusively. The funds will be used to advance China-based registered clinical trials and early overseas clinical development.
2. Robinhood Chain trading volume exceeds 100 million transactions, becoming the fastest-growing chain in history. Stock tokens are an important on-chain asset.
3. Apple expands U.S. AI hardware manufacturing. Foxconn’s Houston factory builds a new Mac Mini production line, expected to come online later this year.
4. UTree (宇树科技) has delivered more than 5,500 humanoid robots, highlighting China’s scale advantage in humanoid robot manufacturing.
5. Toyota Financial will issue “TOYOTA Wallet,” a tokenized bond with a total issuance of 1 billion yen, with a one-year term. The minimum subscription amount is 100,000 yen.
🌍 International and Policy
1. More than half of U.S. states jointly sue Meta, alleging it intentionally designed addictive products to lure minors. If it loses, Meta could face fines of up to $1.4 trillion.
2. DJI’s innovation lawsuit against the U.S. Department of Defense scores a procedural win. The court rejects the U.S. side’s motion to dismiss, and the case moves into the merits phase.
3. Singapore issues new rules requiring social media platforms to verify advertisers’ identities. Violations of the Online Criminal Harm Act can carry a maximum penalty of 1 million Singapore dollars.
4. The Cyberspace Administration of China (CAC) reports 75 mobile apps violating rules on collecting personal information, involving apps from DJI, Ninebot, and Manbang Group.
Editor’s Note: Today’s market sentiment is complex. Hot AI investment activity coexists with turbulence in the bond market. Stricter regulation may become the focus going forward.
RecodeX rewrites the message: today’s AI and crypto market dynamics are dense and fast-moving. Anthropic’s annualized revenue surpasses OpenAI; Nvidia provides a massive guarantee to help OpenAI build AI factories. Meanwhile, Bitcoin volatility drops to a low level as Treasury yields surge, sparking market concerns. At the same time, multiple companies push forward with IPOs, while regulatory and security incidents occur frequently.
🤖 AI and Technology
1. Anthropic’s annualized revenue run rate reached $65 billion in July, up sevenfold from the end of 2025—surpassing OpenAI. Investors expect its IPO in October this year, with a valuation that may reach $2 trillion.
2. Nvidia CEO Jensen Huang announced that OpenAI will build an AI factory in Ohio. The planned power capacity is 4.25 GW. The initial deployment is about 1.5 million GPUs, corresponding to $150–$200 billion in Nvidia revenue, along with a guarantee of up to $105 billion.
3. Zhipu (智谱) releases its next-generation GLM-5.3 model, with significantly improved network security capabilities, and launches a “Open-Source Shield” program to provide free security audits.
4. OpenAI’s annualized revenue is $40 billion, valuing it at $85.2 billion, but it faces a wave of executive departures.
5. Google plans, starting in 2027, to move all Pixel product manufacturing out of China and accelerate manufacturing plans in Vietnam and India.
💰 Finance and Markets
1. The global bond market faces large-scale selloffs. The 30-year U.S. Treasury yield rises to 5.327%, the highest level since 2007, as the market worries about supply shocks and inflation pressure.
2. Bitcoin prices move back above $64,000. Fundstrat says 30-day volatility has fallen to a historical low. In similar past stages, the median absolute 60-day price change was 30.2%.
3. Nasdaq plans to extend U.S. stock trading hours to 23 hours per day starting December 6, pending SEC approval.
4. SHEIN seeks a Hong Kong IPO with a valuation of $26–$27 billion, aiming to raise about $2 billion—down roughly 70% from its 2022 peak valuation.
5. India’s National Stock Exchange plans an IPO with a valuation of up to $55 billion, setting a new record in India’s history.
🔗 Crypto and Regulation
1. The U.S. Department of the Treasury formally proposes stablecoin regulatory rules, aiming to advance the implementation of the GENIUS bill and provide a clear regulatory framework for stablecoin issuance and operations.
2. The Moscow Exchange plans to offer perpetual futures for Bitcoin and Ethereum to professional investors, and gradually expand to as many as 10 assets.
3. South Korea’s Broadcasting and Communications Review Committee decided to block the prediction market platform Polymarket, ruling that it constitutes an illegal gambling environment.
4. Security firm Bitdefender found that pirated resources for the film “Odyssey” contain a cryptocurrency-stealing malware called Lumma Stealer.
🏭 Enterprises and Industry
1. Yuhua Medical (英脉医疗) completes a $12 million Series A round. Qiming Venture Partners leads exclusively. The funds will be used to advance China-based registered clinical trials and early overseas clinical development.
2. Robinhood Chain trading volume exceeds 100 million transactions, becoming the fastest-growing chain in history. Stock tokens are an important on-chain asset.
3. Apple expands U.S. AI hardware manufacturing. Foxconn’s Houston factory builds a new Mac Mini production line, expected to come online later this year.
4. UTree (宇树科技) has delivered more than 5,500 humanoid robots, highlighting China’s scale advantage in humanoid robot manufacturing.
5. Toyota Financial will issue “TOYOTA Wallet,” a tokenized bond with a total issuance of 1 billion yen, with a one-year term. The minimum subscription amount is 100,000 yen.
🌍 International and Policy
1. More than half of U.S. states jointly sue Meta, alleging it intentionally designed addictive products to lure minors. If it loses, Meta could face fines of up to $1.4 trillion.
2. DJI’s innovation lawsuit against the U.S. Department of Defense scores a procedural win. The court rejects the U.S. side’s motion to dismiss, and the case moves into the merits phase.
3. Singapore issues new rules requiring social media platforms to verify advertisers’ identities. Violations of the Online Criminal Harm Act can carry a maximum penalty of 1 million Singapore dollars.
4. The Cyberspace Administration of China (CAC) reports 75 mobile apps violating rules on collecting personal information, involving apps from DJI, Ninebot, and Manbang Group.
Editor’s Note: Today’s market sentiment is complex. Hot AI investment activity coexists with turbulence in the bond market. Stricter regulation may become the focus going forward.