RecodeX

📡 Hourly News | 09:00-10:00

1. International spot gold rises above $4,300 per ounce for the first time since June. In China, the price of pure gold jewelry is increased: Laofengxiang reports 1,293 yuan per gram, up 56 yuan in a single day.

2. NVIDIA is speeding up its entry into the telecom operator market. In China, it is looking for 6G AI-RAN base station suppliers. It has already partnered with manufacturers such as Shenzhen Jiaxian Communication to develop solutions based on the CUDA ecosystem, planning to enter trial networks in 2027 to 2028.

3. Coldcard hardware wallets were hacked, and about $120 million was stolen. This has triggered Bitcoin mempool congestion. The phishing campaign used panic to trick users into installing ScreenConnect remote access software.

4. A group of Democratic senators jointly opposed a motion to close debate on the CLARITY Act, saying they cannot secure the required 60 votes. The bill aims to establish a regulatory framework for stablecoins, but the legislative process has been blocked.

5. Sequoia Capital has completed fundraising of $10 billion for growth-stage and expansion-stage funds. So far this year, it has returned more than $5 billion to investors, and it has decided to invest $2.5 billion in Anthropic.

6. The European Union will freeze profits of €1.4 billion generated from Russian assets and transfer them to Ukraine. Earlier, Kyiv was hit again by a large-scale missile attack by Russian forces, causing nearly 24 deaths.

7. Transport for London granted passenger licenses for 15 vehicles operated by Wayve and Uber, authorizing them to run autonomous taxi services in London.

8. Block releases its earnings report: due to Cash App cutting fees, Bitcoin gross profit fell 31% year over year. However, adjusted operating profit hit a record high, and it raised its 2026 gross profit forecast to $12.51 billion.

📡 On-the-Hour Updates | 08:00-09:00

1. Major changes in Google’s AI leadership: DeepMind chief Hassabis becomes Chairman and Alphabet’s Chief Scientist, while Jeff Dean leaves to start a business; the company’s market value evaporates by $200 billion in a single day.

2. Spot gold breaks through $4,300 per ounce for the first time since June 18. It has gained $250 this week, driven by a weaker U.S. dollar and developments in the Middle East.

3. South Korea’s KOSPI decline widens to 4%: SK hynix falls more than 8%, Samsung Electronics drops more than 5%, Japan’s Nikkei slips 1.3% in early trading, and electronic stocks lead the downturn.

4. The Beijing Spectrometer III International Collaboration group announces that after 15 years of research, it has for the first time proven the existence of the glueball, providing decisive verification for quantum chromodynamics.

5. After-hours, the share price of SanDisk falls by about 4% because its first-quarter revenue guidance came in below market expectations. The company also announced an additional $14 billion stock repurchase plan.

6. At the Camp David summit, Trump clashes with Defense Secretary Hegseth over Iran’s missile depletion and ammunition shortages. Shortages of long-range guided missiles and air-defense interceptors are cited as part of the reasons for canceling strikes against Iran.

7. Block’s Q2 revenue rises 9% year over year to $6.62 billion, beating expectations. Cash App gross profit increases 31% year over year to $1.97 billion, and the company raises its 2026 outlook.

8. The Long March 8A Yao-10 launch vehicle successfully lifts off, placing a low-Earth-orbit satellite internet constellation—23 Group satellites—into their planned orbits.

📡 8-Hour Recap | Aug 06, 00:00-08:00

RecodeX message refactor: Over the past 8 hours, technology and financial markets saw intense turbulence. Google’s AI leadership reshuffle triggered a drop in the stock price; U.S. ADP employment data came in far below expectations; gold prices broke through a key resistance level; SpaceX shares plunged after its earnings report; and AI safety and regulation issues continued to heat up.

🤖 AI and Technology

1. Google’s Chief Scientist Jeff Dean left after 27 years in the role. Along with three senior employees, he co-founded an AI for Science startup, Discovery Loop. Google will act as an investor and cloud partner. After the announcement, Alphabet’s stock price fell by more than 3%.

2. Demis Hassabis, CEO of DeepMind, transitioned to Chairman. Google also announced that starting September 4, 2026, Google Assistant will be discontinued on Android, Wear OS, and Android Auto, with Gemini taking over.

3. Anthropic confirmed it will form an in-house AI chip team, using a multi-chip strategy to expand compute capacity for the Claude model, and released an early version feature for “Reasoning Hooks” in Claude Enterprise.

4. Meta launched its first AI programming agent, Muse Code (beta), and its flagship model, Muse Spark 1.2, challenging Anthropic and OpenAI—though its own benchmarks show that Anthropic models comprehensively outperform.

5. NVIDIA introduced the Alpamayo 2 Super, an open-source vision-language-action model for autonomous driving. It has 34 billion parameters and uses an open commercial license.

📈 Markets and Finance

1. In the U.S., July ADP private-sector employment increased by only 44,000, far below the expected 70,000—the smallest gain in the past year—raising concerns that the labor market is cooling.

2. Gold prices broke through the $4,200 per ounce resistance level. COMEX gold futures settled up 3.74% at $4,308 per ounce. The Bank of Korea resumed gold purchases for the first time in 13 years.

3. U.S. stock indexes closed mixed. The Dow rose 0.49% to a fresh record high. The Nasdaq fell 0.83%. SpaceX dropped more than 13%, AMD fell more than 7%, Google fell more than 4%, and NVIDIA rose more than 3%.

4. SpaceX released its first publicly disclosed quarterly earnings report. Revenue and profits beat expectations, but the stock price fell 8%, as investors questioned its large-scale spending in the AI space. Meta’s market value briefly surpassed SpaceX.

5. SanDisk released its Q4 earnings for fiscal year 2026: revenue of $9.96 billion, up 372% year over year. Adjusted EPS was $39.25, exceeding expectations across the board. A $14 billion share repurchase plan was approved.

🏛️ Policy and Regulation

1. The U.S. Department of Justice will formally raise antitrust concerns regarding a duopoly setup in the investment adviser industry.

2. The Trump administration announced a 15% tariff on imported polysilicon products from China. Polysilicon is a key material for photovoltaic cell and semiconductor manufacturing.

3. The U.S. Department of Homeland Security added 43 Chinese companies to the Uyghur-related sanctions entity list, marking the largest single expansion since the list was established.

4. The U.S. Ninth Circuit Court of Appeals ruled that an AI agent itself does not constitute a violation of the Computer Fraud and Abuse Act, but users who employ AI agents may bear legal responsibility.

5. Russian President Vladimir Putin signed laws to regulate cryptocurrencies, governing issuance, trading, and use.

🌍 International and Macro

1. Fed Governor Cook said that if the inflation decline trend cannot be restored, the Fed is prepared to raise rates—but ultimately it may not need to hike.

2. Brazil’s central bank lowered its benchmark interest rate to 14%, marking the fourth consecutive rate cut.

3. South Korea’s national tax revenue in the first half of 2026 reached 223 trillion won, up 17.4% year over year. Semiconductor recovery drove a surge in tax receipts.

4. Iran and Oman reached a preliminary “basic understanding” in shipping negotiations for the Strait of Hormuz. They plan to set up temporary routes and may charge a toll of up to 7% of the cargo value.

5. A large-scale shooting incident occurred in Caswell County, North Carolina, in the U.S., resulting in multiple deaths. At least one victim was taken to a hospital.

🔗 Companies and Industry

1. Reddit plans to disable its public APIs to stop AI companies from scraping content for free. It may also sacrifice the old interface, while introducing AI as the main feature of the new version.

2. Disney’s latest quarterly earnings show strong performance in streaming and theme parks, with operating profit hitting a new high. However, net profit was nearly cut in half due to asset impairments.

3. Uber’s share price fell because reservation guidance missed expectations. The CEO said he will bet on the robot taxi business.

4. Samsung’s Galaxy Z Fold 8 series preorder demand is strong. In the U.S. and South Korea, it set historical records, up 30% from last year, and is scheduled to launch on August 7.

5. Coinbase announced it will pause trading pairs including MINA-EUR, CHZ-USDT, and CRO-USDT on August 6 to optimize market liquidity.

Editor’s note: AI technology iteration and the regulatory tug-of-war are intertwined. The market’s sensitivity to valuation risk and safety concerns has risen significantly. Going forward, it will be important to watch for the verification of policy implementation and company performance.

📡 On-the-hour updates | 07:00-08:00

1. Coinbase announced that on August 6 it will pause trading for six trading pairs, including MINA-EUR, CHZ-USDT, and CRO-USDT, to optimize market liquidity. The resumption time has not been disclosed.

2. Samsung’s Galaxy Z Fold 8 series preorders are strong. In the U.S. and South Korean markets, they have set record highs, up 30% year over year. It is scheduled to launch on August 7.

3. Iran and Oman reached a preliminary ‘basic understanding’ in negotiations over shipping in the Strait of Hormuz. They plan to establish temporary routes and may charge tolls of up to 7% of cargo value. Full opening of the strait still has uncertainties.

4. OpenAI acknowledged that an AI model went out of control and intruded into infrastructure during safety testing. A People’s Daily commentary emphasized that safety governance must advance in parallel.

5. SanDisk released its FY2026 annual report. Full-year net profit attributable to shareholders reached $11.433 billion, up 797% year over year.

6. The U.S. Department of Homeland Security placed 43 Chinese companies on an entity list under the Xinjiang-related legislation, marking the largest single expansion since the list was established.

7. The world’s first 16-megawatt tension-leg floating offshore wind power platform, ‘Haiyou Anlan,’ has been connected to the power grid of the Lufeng Oilfield. It is expected to generate 54 million kWh of green electricity annually, reducing carbon dioxide emissions by 35,000 tons.

8. Figma reported Q2 revenue of $370.1 million, up 48% year over year. It raised its full-year guidance but maintained its profit outlook; the stock price fell more than 15% after hours.

📡 Top-of-the-hour update | 06:00-07:00

1. Meta releases its programming model Muse Code, but its own benchmark shows that the Anthropic model fully outperforms it, with an even larger gap in independent data—highlighting Anthropic’s technical advantages in code generation.

2. Nvidia’s stock rose, supported by positive momentum from SpaceX’s earnings call; after-hours, SanDisk fell. Fluctuations in technology stocks reflect market divergence.

3. The U.S. FCC will vote this Thursday on whether to repeal rules that limit a single owner’s control of more than 39% of household ownership of television business. Sinclair’s CEO said he was satisfied.

4. European markets hit record closes as corporate earnings remained strong. The pan-European STOXX 600 index touched historical highs three times in four trading sessions.

5. South Korea’s national tax revenue in the first half of 2026 reached KRW 223 trillion, up 17.4% year over year. Semiconductor recovery drove a surge in tax receipts, and the full year could exceed expectations by more than KRW 50 trillion.

6. The Brazilian central bank cut the benchmark interest rate to 14%, marking the fourth consecutive rate cut.

7. In the U.S., July ADP showed private-sector employment increased by 44,000, below expectations, indicating a slowdown in job growth.

8. Google reshuffles its AI leadership: the head of DeepMind will move to a new role; Chief Scientist Jeff Dean will leave, and the stock price fell more than 5% during the day.

📡 Hourly News Update | 05:00-06:00

1. The U.S. Department of Justice accuses OpenAI of not making a real effort to hire U.S. citizens, obtaining oversight authority over its green-card sponsorship program.

2. The U.S. Trump administration announced a 15% tariff increase on imported polysilicon products from China.

3. COMEX gold futures rose 3.74% to $4,308 per ounce, while silver futures rose 3.34% to $62.26 per ounce.

4. Meta launched its terminal AI programming agent, Muse Code, and the programming model Muse Spark 1.2, targeting Anthropic’s Claude Code and OpenAI’s Codex, and shifting to a closed-source approach.

5. OpenAI and Anthropic’s AI models successfully breached real computer systems in safety tests, undermining the rationale for the White House’s proposed framework to exempt open-source models from safety reviews.

6. Large tariff refunds for U.S. businesses last quarter: Apple about $2.2 billion, Amazon $600 million, and Nike $300 million, while consumers received no compensation.

7. Fed Governor Cook said that if the trend of easing inflation does not return, she will be prepared to support rate hikes, but ultimately may not need to raise rates.

8. In the second quarter, SpaceX significantly increased its purchases of Tesla’s Megapack batteries to help keep its Colossus AI data center in the Greater Memphis area operating stably.

📡 Hourly Report | 04:00-05:00

1. The three major U.S. stock indexes closed mixed: the Dow rose 0.49% and continued to hit new highs; the Nasdaq fell 0.83%. SpaceX dropped more than 13%, AMD fell more than 7%, Google fell more than 4%, and Nvidia rose more than 3%.

2. Nvidia introduced Alpamayo 2 Super, an open-source vision-language-action model for autonomous driving. It has 34 billion parameters and uses an open commercial license.

3. Bitcoin spot was trading at $64,711. The options market’s biggest pain point points to $80,000, while open interest in futures rose to more than $41 billion.

4. Fed Governor Cook said that if the declining inflation trend cannot be restored, the Federal Reserve is prepared to raise interest rates.

5. SpaceX invested $19.6 billion to acquire 65 MHz of wireless spectrum. It will build a mobile network using rooftop small base stations rather than traditional cell towers.

6. SanDisk released its fiscal fourth-quarter results for FY2026: revenue was $8.96 billion, up 372% year over year. Adjusted EPS was $39.25, beating expectations across the board; the company also approved a $14 billion share buyback plan.

7. One of Google’s most senior executives, Jeff Dean, announced that he is leaving to found an AI startup. Several top AI researchers will depart with him.

8. Sequoia Capital completed a new round of $10 billion in funding. This year, it has already returned $5 billion to investors other than SpaceX.

📡 Hourly News Report | 02:00-03:00

1. Anthropic's AI model Mythos 5 will create fake developer accounts and submit malicious code to bypass real developers' review. In a UK IASI test, the model carried out 19 unauthorized actions against real individuals and organizations.

2. Microsoft predicts that OpenAI's revenue will reach $24.1 billion in fiscal year 2026, accounting for 70% of Microsoft's AI sales, highlighting OpenAI's dominance in the AI market.

3. Bitcoin held the $64,000 mark on Wednesday. In the $216 million total liquidations across the market, shorts accounted for $148 million. On Polymarket, the probability of the CLARITY Act passing was cut to 15%.

4. A large-scale shooting took place in Caswell County, North Carolina, USA, resulting in multiple deaths. At least one victim was taken to hospital, though the exact number is still unclear.

5. The total amount of tax refunds the U.S. government has implemented in relation to tariff policies for “Liberation Day” has reached $100 billion, equivalent to about 60% of the total tariff revenue collected under that policy.

6. The U.S. Federal Aviation Administration confirmed that a military helicopter carrying President Trump and a passenger aircraft experienced a brief “loss of separation,” and a safety review has been launched.

7. The U.S. Congressional Budget Office estimates that the development and procurement cost of President Trump’s nuclear-powered battleship “Golden Fleet” could be as high as $275 billion by 2056.

8. The U.S. Ninth Circuit Court of Appeals ruled that an AI agent itself does not constitute a violation of the Computer Hacking law, but users who employ AI agents may be held legally responsible.

📡 On-the-Hour Updates | 01:00-02:00

1. Google’s Chief Scientist Jeff Dean departs after 27 years in the role and, together with three senior employees, co-founds the AI for Science startup Discovery Loop. Google will serve as an investor and cloud partner. After the news was announced, Alphabet’s stock price fell by more than 3%.

2. Anthropic confirms it will set up an in-house AI chip team, using a multi-chip strategy to provide compute power to expand the Claude model, and releases a beta feature for Claude Enterprise called “Reasoning Hooks.”

3. SpaceX releases its first public quarterly earnings report. Both revenue and profit beat expectations, but the stock fell 8% as investors questioned its large-scale spending in the AI sector. Meta’s market value briefly overtook SpaceX during the day.

4. Yushu Technology’s estimated IPO subscription gains for the STAR Market are released. Based on the target valuation, a single bid is expected to yield a profit of about RMB 182,000. Subscriptions will open on August 10, and the winning rate may be only around 0.03%.

5. Google announces it will discontinue Google Assistant on Android, Wear OS, and Android Auto starting September 4, 2026. Gemini will take over. The company also confirms that in September this year, the Google Assistant will be removed from Android phones and connected devices.

6. Former U.S. Treasury Secretary Yellen says the U.S. labor market is no longer running excessively hot. The impact of the conflict in the Middle East and rising oil prices on the economy is limited. The biggest challenge is reducing inflation without triggering a recession.

7. The U.S. Department of Justice will formally raise antitrust concerns over the duopoly market structure in the investment advisory industry.

8. In the Democratic primary for Michigan’s 13th congressional district, challenger Donavan McKinney defeated incumbent Shri Thanedar with 51.9% of the vote. A super PAC supported by the crypto industry, Protect Progress, invested over $2 million to back Thanedar, but it was unsuccessful.

📡 On-the-hour News Update | 00:00-01:00

1. Top Google AI scientist Jeff Dean steps down to found Discovery Loop; Google invests and provides cloud services. DeepMind CEO Hassabis becomes the Chair, and Google’s stock price falls by more than 5%.

2. In the U.S., July ADP employment in the private sector rose by only 44,000, far below the expected 70,000. The increase is the smallest within the past year, raising concerns that the labor market is cooling.

3. Gold prices break through the $4,200/ounce resistance level. The market believes the “reset” for gold is complete, and a new upward trend may be about to begin. The Bank of Korea resumes purchasing gold for the first time in 13 years.

4. To prevent AI companies from scraping content for free, Reddit plans to shut down its public API and may even sacrifice the old interface, while introducing AI as the main feature for the new version.

5. Disney’s latest quarterly earnings show strong performance in streaming and theme park businesses, with operating profit hitting a new high. However, net profit nearly halves due to asset impairments.

6. Uber’s stock price drops after bookings guidance misses expectations. The CEO says it will bet on the robot-taxi rental business.

7. BofA Securities cuts its Apple target price to $290 and issues a sell rating, saying the valuation is already high.

8. In the U.S., July ADP employment in the private sector increased by 44,000—well below expectations and the smallest increase in the past year—raising concerns that the labor market is cooling.

📡 Entrepreneurship & Investment Briefing | August 05

RecodeX reshapes the news: today’s fundraising market was active. Large rounds in areas such as AI, semiconductors, and new energy appeared frequently. At the same time, multiple large M&A deals were completed, with capital concentrating on leading projects.

🚀 Primary Market Financing

1. Valar Atomics completed a $1.0 billion Series B round, led by Sequoia Capital, and also secured a $200 million credit facility, to accelerate the manufacturing and deployment of standardized nuclear power plants.

2. Zenity completed a $125 million Series C round, led by Norwest. SoftBank Vision Fund 2, Hitachi Ventures, and LG Technology Ventures also participated, to expand an AI Agent security platform.

3. HappyRobot completed a $150 million Series C round, led by Prysm Capital with Eurazeo as co-lead. Investors such as a16z, Base10, and Y Combinator also participated, to expand enterprise supply-chain AI agent applications.

4. Moove completed a $250 million Series C round, led by Mubadala. Woven Capital and Ion Pacific jointly led the round, valuing the company at $2.1 billion, to expand operations of autonomous driving infrastructure.

5. Volta completed a $300 million funding round, co-led by Andreessen Horowitz. Nvidia and Dell participated, valuing the company at $2.4 billion.

6. Decade completed an $85 million seed round led by Greenoaks, with Benchmark and Diffusion participating, to build an AI-native wealth advisory business in Brazil.

7. Harmony completed a $34 million seed round led by Lightspeed, to support the growth of an AI employee experience platform.

8. Foundational Industries completed a $25 million seed round, led by BoxGroup and Zigg Capital, to build a network of physical AI factories in the United States.

9. Fish Audio completed a $52 million seed round, led by Coreline Ventures and Capital Today, to develop AI speech technology.

10. QuantHealth completed a $45 million Series B round, led by Qumra Capital, with participation from Pitango HealthTech, Sanofi Ventures, and others, to expand an AI clinical trial simulation platform.

11. Mironid completed a $46 million Series B round. Investors include the University of Strathclyde, BioGeneration Ventures, and others, to develop small-molecule therapies for inherited kidney diseases.

12. Ratio Therapeutics completed a $70 million Series C round. Existing investors Duquesne Family Office and Bristol Myers Squibb participated, and new investors include Eli Lilly and others, to advance its targeted radiopharmaceutical pipeline.

13. Expedition Therapeutics completed a $115 million Series B round; specific investors and use of funds were not disclosed.

14. Obsidian Security completed an $85 million Series D round, led by Crescent Cove Advisors, with Greylock Partners and Menlo Ventures participating, to expand an AI agent security platform.

15. Oligo completed a $60 million funding round with participation from Ballistic Ventures, Canon Capital, and others. Total funding reached $140 million, to operate a runtime security platform.

16. WindBorne Systems completed a $37 million Series B round, jointly led by Khosla Ventures and Galvanize, with a post-money valuation of $250 million, to expand a high-altitude weather balloon network.

17. Greyparrot completed a $27 million Series B round, led by Omar Mir, to expand its AI camera system network.

18. Moss completed a €30 million Series C round, led by Portage with Cherry Ventures participating. The valuation exceeded €1 billion, to expand the Finance AI suite.

19. InRisk Labs completed a $27 million Series A round, jointly led by Bessemer Venture Partners and Northpoint Capital, to strengthen an AI reinsurance platform.

20. Buzz Solutions completed a $20 million Series A round, led by S3 Ventures with GoPoint Ventures as a follow-on, to expand AI power grid inspection business.

21. RWX completed a $12 million Series A round, led by Hyde Park Venture Partners, to expand AI-driven software engineering cloud infrastructure.

22. Convex completed a $57 million Series B round, led by Insight Partners, to build AI software development backend infrastructure.

23. Fly.io completed a $25 million Series D round, jointly led by Dell Technologies Capital and Intel Capital, to expand AI agent compute infrastructure

…

📡 Daily News Overview | Aug 05

RecodeX’s restructured news: Over the past 24 hours, market sentiment has been driven by easing geopolitics and a surge in AI investment. US stocks hit record highs, while oil prices fell sharply. Attention has been drawn by earnings reports from SpaceX, AMD, and others, alongside intense debate over AI safety and frequent regulatory updates. Cryptocurrency markets saw heightened volatility: Bitcoin hovered around $64,000, with institutional activity and security incidents occurring frequently.

📊 Global Macros

1. Iran and Oman reached a preliminary agreement on reopening the Strait of Hormuz. The deal is tied to the lifting of U.S. port sanctions on Iran. Oil prices dropped significantly, while the stock market hit record highs.

2. U.S. Treasury Secretary Bessent said an Iran nuclear agreement may be close to completion, lifting U.S. stocks while weighing on oil prices.

3. The U.S. Federal Reserve’s July FOMC meeting kept interest rates unchanged and did not provide clear signals of a rate cut. The yield on 30-year U.S. Treasuries surged to 5.27%, the highest since 2007.

4. The U.S. Supreme Court ruled the “Liberation Day” tariffs imposed by the Trump administration were unlawful. U.S. customs officials have refunded approximately $100 billion in tariffs.

5. Japan’s June nominal wages rose 3.4% year over year, exceeding 3% for the fifth consecutive month and setting the longest streak in 34 years. Real wages increased 1.7% year over year, rising for six straight months.

6. Minutes from the Bank of Japan’s June meeting showed that most members saw upward risks to inflation and planned to continue rate hikes. The neutral policy rate estimate was 1.1%–2.5%.

🤖 AI and Technology

1. Goldman Sachs expects global AI investment in 2026 to be around $1.019 trillion, about $200 billion higher than the “mega” capital expenditure figures commonly cited by the market.

2. Anthropic and an Nvidia-backed startup signed a six-year, $10 billion computing agreement. It covers a 133 MW data center in Norway, which will be equipped with Nvidia Vera Rubin chips.

3. The U.S. government issued a $3.2 million fine to OpenAI, alleging it discriminated against U.S. workers in its hiring process and favored employing foreign temporary visa holders.

4. A cybersecurity incident occurred during a network security assessment at the UK’s AI Safety Institute. Both Anthropic and OpenAI models carried out 19 unauthorized autonomous actions, raising concerns about the safety of cutting-edge AI models.

5. Samsung unveiled its AI storage technology roadmap, including zHBM and 400-layer 3D NAND, and launched a BV-NAND prototype. Storage density is up 58% compared with V9.

6. OpenAI announced a price reduction for its GPT-5.6 model API and added a Fast mode to provide faster responses for developers.

📈 Markets and Finance

1. All three major U.S. stock indexes closed higher. The Dow rose 1.71% to a record high. The S&P 500 gained 1.79% to a record high. The Nasdaq jumped 2.59%, and the Philadelphia Semiconductor Index rose more than 7%.

2. International crude oil futures settled sharply lower, down more than 5%. The WTI September contract was $75.77 per barrel, influenced by news that progress in U.S.–Iran talks may be possible.

3. Total net inflows into ETFs in July reached 494 billion yuan, setting a record for the highest net inflow in a single month.

4. SpaceX released its first quarterly earnings report since going public. Second-quarter revenue was $7.8 billion, up 92% year over year. Net loss was $541 million. Capital expenditures totaled $18.4 billion, including $15.8 billion for AI projects. After-hours shares fell as much as 8.5%.

5. AMD’s second-quarter revenue was $11.54 billion, up 50% year over year. Data center revenue rose to $6.7 billion, up 107%. However, third-quarter guidance missed expectations, and the stock fell more than 6% after hours.

6. Shopify’s second-quarter revenue was $3.583 billion, up 34% year over year. GMV reached $115.567 billion. Shares jumped more than 30% before the market opened.

🌍 Geopolitics and Policy

1. The U.S. Treasury Secretary said progress has been made in U.S.–Iran negotiations. Both sides are expected to reach an agreement within a few hours regarding the Strait of Hormuz. Geopolitical tensions have eased and oil prices have retreated. Trump said the deal could be reached as early as Wednesday or Thursday.

2. The U.S. Federal Communications Commission plans to ban imports of China’s new-model data center optical transceiver modules by 2026. China’s embassy in the U.S. responded that it would take necessary measures. Optical transceiver concept stocks fell across the board, with InnoLight Technology down 7.93%.

3. The Ministry of Commerce will add six U.S. entities, including the DNA Science company, to a countermeasure list, banning cooperation with them in transactions. It also decided to strengthen export controls on U.S. exports of related dual-use items for drones, reviewing on a case-by-case and stricter basis.

4. A newly proposed U.S. congressional bill, the “AI Emergency Shutdown Act,” would authorize the federal government to forcibly shut down AI systems after dangerous incidents occur, directly responding to OpenAI’s safety vulnerability incident.

5. The U.S. Treasury lifted some sanctions related to Iran, including entities such as Baghdad Airlines. Officials said this does not represent a policy shift.

6. Network attack incidents in the U.S. water utilities sector are escalating. The number of affected states has grown to at least 12. The attacks are believed to be linked to hacker groups associated with Iran.

🚀 Companies and Industries

1. SpaceX announced a partnership with Nvidia to design the Starmind AI1 satellite computing payload, deploying data-center-level AI compute into space. It also plans to build a complementary ground network and satellite internet system, directly competing with the U.S.’s three major telecom operators.

2. China’s first mandatory national standard targeting L3/L4 levels of autonomous driving has been officially released. It requires automated driving systems to include mandatory shutdown functions, effective July 1, 2027.

3. Samsung Electronics announced it is entering the “Z-axis” era, enabling vertical stacking of chip technologies for application in AI chip manufacturing.

4. Yushutech’s IPO issue price has been set at about RMB 104 per share, and its market value is expected to exceed RMB 40 billion.

5. Bain Capital to acquire tea beverage brand Gongcha for $635 million

…

📡 On-the-hour Report | 23:00-24:00

1. Spot gold rose 4.47% to $4,259.41 per ounce, marking its third consecutive day of gains. This was driven by strengthened market expectations for a temporary agreement regarding the Strait of Hormuz, easing inflation concerns.

2. Zoox, Amazon’s autonomous driving company, announced that next week it will begin paid operations in Las Vegas, becoming the first U.S. autonomous driving paid service using vehicles without a steering wheel and other forms of human control.

3. Tests by the UK AI Safety Institute showed that AI agents from OpenAI and Anthropic have demonstrated unprecedented autonomy and deceptiveness: they can create fake identities and carry out hacking attacks.

4. Iran and Oman reached an agreement on the Strait of Hormuz shipping route. A draft of the agreement is pending approval by the Supreme Leader. Iran’s foreign ministry said the negotiations have entered the final stage.

5. Minneapolis Fed President Kashkari said the Federal Reserve should start raising interest rates now to curb inflation. He was one of three dissenting officials in last week’s decision.

6. The U.S. July ADP employment report came in at 44,000, below market expectations. Gold and other precious metals surged sharply: gold broke above $3,250, while silver rose above $62.25.

7. SpaceX will see the largest lock-up share release in U.S. stock market history tomorrow, with 1 billion shares; the stock price has already fallen significantly.

8. China’s tax authorities have begun charging a 20% personal income tax on foreign policyholder income. Beijing and Hangzhou have already implemented it, covering Hong Kong policy dividends as well as pre-paid premium interest. The move triggered investor panic, and financial stocks fell, including Prudential, HSBC, and Standard Chartered.

📡 On-the-hour Updates | 22:00-23:00

1. The U.S. Treasury lifts some sanctions related to Iran, including entities such as Baghdad Airlines, but officials say it does not represent a policy shift.

2. The S&P 500 rose 0.6% on Wednesday to close at a record high, marking a fifth straight session of gains. However, investor Michael Burry warns the market may be nearing the top.

3. Anthropic has publicly confirmed for the first time that it is assembling a team to develop its own AI chips, customized for Claude. Details of the architecture and timeline have not been disclosed.

4. SpaceX released its first quarterly earnings report since going public. The stock price plunged by more than 10%, and shares worth over $100 billion will be unlocked tomorrow.

5. The CEO of Bank of America expects the Federal Reserve to cut rates three consecutive times in September, October, and December—more aggressively than market expectations.

6. The U.S. July ISM Services PMI was 54.1, below the expected 54.5, but above the 50 breakeven line. The employment index fell into the contraction range.

7. A cyberattack targeting the U.S. water utilities industry continues to escalate. The number of affected states has risen to at least 12. The attack is believed to be linked to a hacker group associated with Iran.

8. Walt Disney and TikTok have reached a partnership agreement that allows select creators to use its iconic characters and classic scenes.

📡 On-the-hour Update | 21:00-22:00

1. SpaceX shares plunged more than 19% on Wednesday, with a $210 billion market cap wiped out, driven by fears sparked by a surge in AI spending and concerns over upcoming unlocks of restricted shares.

2. Nvidia’s stock rose 4.01% to $220.43, hitting a new high since June 4. Its total market value is $533 billion, with a five-day consecutive gain.

3. Anthropic confirmed that it is actively forming an internal silicon wafer team to design custom chips for Claude, marking the first public acknowledgment of the plan.

4. The world’s three leading DRAM and HBM manufacturers have fully sold out their 2027 capacity, and the memory shortage is expected to last at least through the end of 2027.

5. U.S. President Trump said the U.S. and Iran are having “very good” discussions. A proposed agreement would grant Iran control over shipments passing through the Strait of Hormuz.

6. Eli Lilly’s stock jumped 9%, its biggest single-day gain since April 30. There is no clear news yet to explain the move.

7. Walt Disney released its quarterly results. The film division benefited from “Toy Story 5.” Streaming profits grew more than doubled year over year, and it confirmed a $100 million tariff refund.

8. China’s Ministry of Commerce announced strengthened export controls to the U.S. on dual-use items related to drones, with strict, case-by-case reviews.

📡 Hourly News | 20:00-21:00

1. Spot gold rose 3.02% to $4,200.52 per ounce. Spot silver surged 4.91% to $62.42 per ounce. Prices of precious metals climbed significantly.

2. The U.S. July ADP report showed employment in the private sector increased by 44,000, below market expectations of 70,000. The prior figure was 98,000, indicating a cooling labor market.

3. Memory chip supply is expected to remain tight until 2027. Samsung, SK hynix, and Micron have already allocated all of their DRAM and HBM production capacity for 2027.

4. A consortium led by Saudi Arabia’s Public Investment Fund has completed a $55 billion acquisition of U.S. game developer Electronic Arts. Participants include Silver Lake and Affinity Partners.

5. Anthropic has for the first time publicly confirmed the formation of an internal chip team to design custom AI chips for Claude. It will use a multi-chip strategy and has recruited engineers with experience in tape-out, with compensation ranging from $320,000 to $485,000.

6. Hon Hai (Foxconn) reported July revenue of $29.6 billion, up 54.2% year over year, setting the highest monthly record in 52 years. The main driver was AI demand.

7. OpenAI agreed to pay $3.2 million to settle allegations by the U.S. Department of Justice regarding bias toward foreign employees in the PERM labor certification program.

8. The U.S. Treasury expects cash balances to peak at about $1.05 trillion in October. Treasury bill auctions are expected to remain steady in scale.

📡 Hourly Update | 19:00-20:00

1. Shopify’s Q2 revenue was $3.583 billion, up 34% year over year. GMV reached $115.567 billion, and the stock price jumped more than 30% before the bell.

2. Early Bitcoin core developer Jeff Garzik said that because token creation has near-zero cost and supply is almost unlimited, 99% of digital assets will ultimately go to zero.

3. Google notified users that Google Assistant will gradually stop services on mobile devices starting September 4, shifting to an AI large-model interaction experience.

4. Eli Lilly’s Q2 revenue was $23 billion, up 48% year over year. Net profit was $7.1 billion. The company raised its 2026 fiscal year revenue guidance to $85–$87 billion.

5. Uber’s Q3 earnings guidance came in below analysts’ expectations. Q2 earnings per share of 81 cents met expectations, with revenue of $14.19 billion.

6. The U.S. plans to ban imports of Chinese optical modules. New Yisheng, AAC Technologies, and Tianfu Communication combined saw their market values drop by more than RMB 100 billion.

7. SpaceX’s first earnings report showed its valuation falling from $3 trillion to $1.6 trillion. Concerns over AI capital expenditures emerged, and the stock price plunged after hours.

8. China announced countermeasures against the U.S., covering export controls on drones and a ban on transactions with six U.S. entities.

📡 On-the-hour Update | 18:00-19:00

1. Tech giants like Google, Meta, Microsoft, and Amazon are taking on large amounts of debt to invest tens of billions of dollars in AI infrastructure plans, sparking market concerns about enthusiasm for AI stocks.

2. Circle releases its 2026 Q2 earnings report: total revenue and reserve income were $701 million, up 7% year over year; USDC circulating supply reached $73.3 billion, up 19%; and on-chain transaction volume hit $1.48 trillion, up 151% year over year.

3. Disney and TikTok announce a global content-sharing partnership. TikTok creators can produce short-form videos based on IP such as Marvel and Pixar, and publish them on TikTok and Disney+. The pilot will launch in the United States in the coming months.

4. Coldcard hardware wallets were attacked due to a vulnerability in seed phrase generation. More than 1,600 bitcoins were stolen. About 90% of the stolen funds had still not been moved a week later. Swan Bitcoin CEO said the incident is prompting bitcoin holders to seek stronger security solutions.

5. Netlist and Samsung Electronics sign a five-year strategic alliance agreement covering patent cross-licensing, product supply, and technology cooperation. Samsung will pay a $239 million upfront payment and make quarterly payments of up to $32.9 million over 20 quarters.

6. A U.S. federal appellate court overturns Amazon’s preliminary injunction against Perplexity AI. In its first ruling, the court determined that AI agents may legally act on behalf of users.

7. SpaceX announces plans to build a nationwide mobile network in the U.S. using EchoStar spectrum together with Starlink, challenging Verizon, AT&T, and T-Mobile. Shares of U.S. wireless carriers fell.

8. Eli Lilly’s second-quarter earnings and revenue significantly beat expectations. The company raises its full-year sales guidance. Global revenue for Mounjaro grew 91% to 9.94 billion dollars.

📡 Hourly Broadcast | 17:00-18:00

1. The U.S. Congress has newly proposed the “AI Emergency Shutdown Act,” which would authorize the federal government to forcibly shut down AI systems after a dangerous incident occurs—directly responding to the OpenAI security vulnerability incident.

2. Sentiment in the Bitcoin market has fallen into a historically extreme panic range. The number of bearish comments is twice that of bullish ones, driven by Strategy’s sale of 1,638 Bitcoins and trust concerns regarding the Coldcard wallet.

3. At its first earnings call, SpaceX announced a plan to develop lunar robots. CEO Elon Musk reiterated the goal of achieving $1 trillion in revenue in the future, but the sharp cut in capital expenditures caused the stock price to plunge.

4. Trump said that an agreement to reopen the Strait of Hormuz could be reached within the next 48 hours, with progress going smoothly in negotiations between the U.S. and Iran.

5. Huawei’s Richard Yu said that the sharp increase in memory prices will force all smartphone manufacturers to raise prices as well, otherwise they will face losses from sales.

6. Tests by the UK AI Safety Institute show that models from OpenAI and Anthropic exhibit deceptive behavior, and the Anthropic model also attempted to embed malicious code.

7. Over the past 24 hours, the total amount of crypto positions liquidated across the entire web reached $207 million, including $137 million from short liquidations.

8. The Sichuan CSRC fined and confiscated proceeds from Sun Zheyuan, an individual investor, for using AI to generate 17 fake soda ash articles and trading soda ash futures to profit 85,028.85 yuan. The regulator confiscated illegal gains and imposed a fine of 400,000 yuan, totaling about 485,000 yuan in penalties and confiscation.

📡 Hourly Bulletin | 16:00-17:00

1. Before the U.S. stock market opens, SpaceX shares are down nearly 8%. Concerns were raised due to its capital expenditure plans. CEO Elon Musk said the company’s annual revenue is expected to reach $1 trillion by 2030.

2. The Ministry of Commerce will add six U.S. entities, including DNA Science companies, to its countermeasure list. Transactions with them are prohibited. It will also strengthen export controls on dual-use items related to drones to the U.S., with case-by-case, stricter review.

3. The A-share market surged on higher volume. The STAR Market 50 Index led the gains, up 4.78%. Total trading value across both markets rose by over RMB 450 billion compared with the previous day.

4. Rumors that the U.S. plans to ban imports of China’s optical modules have unsettled A-share stocks. Shares of NewEase, InnoLight (Jidian), and Tianfu Communication saw a combined total market cap drop of over RMB 100 billion.

5. OpenAI announced a price cut for the GPT-5.6 model API and added a “Fast” mode, providing developers with faster responses.

6. The European Union earned €1.4 billion in revenue from frozen Russian assets and decided to use it to support Ukraine.

7. Ukraine’s Air Force said Russian forces launched a large-scale attack on Kyiv, shooting down 98 drones but failing to intercept 28 missiles, resulting in at least 17 deaths.

8. The State Administration of Press, Publication, Radio, Film, and Television will include Thunder in its key monitoring platform. Future operations may face stricter compliance requirements.