Next year to invest 4.52 trillion won—South Korea’s two ministries will push three major projects: physical AI, semiconductors, and data centers
Odaily Planet Daily reports: South Korea’s Ministry of Trade, Industry and Energy and the Ministry of Science and ICT will invest 4.5217 trillion won next year to advance three major projects: physical AI, semiconductors, and data centers. Of this, the Ministry of Trade, Industry and Energy has a budget of 3.7261 trillion won, while the Ministry of Science and ICT has a budget of 7956 billion won. The Ministry of Trade, Industry and Energy will invest 762.8 billion won to drive the transformation of manufacturing with AI, to be used for data acquisition at manufacturing sites, development of AI foundation models, widespread adoption of domestically made humanoid robots, and the building of an ecosystem for key components, materials, and equipment. It will also allocate 1.5541 trillion won to support semiconductors, and 43.0 billion won for AI data center technology and talent cultivation.
Korea to invest 4.52 trillion won next year: two departments to advance three major projects—physical AI, semiconductors, and data centers
Odaily Planet Daily reported that South Korea’s Ministry of Trade, Industry and Energy and the Ministry of Science and ICT will invest 4.5217 trillion won next year to advance three major projects: physical AI, semiconductors, and data centers. Of this, the Ministry of Trade, Industry and Energy’s budget is 3.7261 trillion won, while the Ministry of Science and ICT’s budget is 795.6 billion won. The Ministry of Trade, Industry and Energy will invest 762.8 billion won to drive the AI transformation of the manufacturing industry, for purposes including manufacturing-site data acquisition, development of AI foundational models, widespread adoption of domestically made humanoid robots, and the construction of an ecosystem for key components and materials equipment; additionally, it will allocate 1.5541 trillion won to support the semiconductor industry and 43.0 billion won for AI data center technology and talent cultivation.
Odaily Planet Daily News: Manus posted on the X platform announcing the resumption of independent operations and entry into a new phase of development. Founding team members such as Red Xiao will continue to manage the company’s operations, with a focus on driving product innovation and the development of general AI Agents.
Manus said that as an independent Agent lab, the company will continue to expand the boundaries of general AI Agent capabilities in the future, and will convert new capabilities into products to help users handle complex tasks. In the future, Manus will further integrate into users’ everyday workflows, interact more directly with the real world, and more proactively act on users’ behalf to carry out tasks. Manus also thanks users who have recently helped back up and restore data, and said that it will roll out more innovative products in the future.
Odaily Planet Daily News: Two wallets lost approximately $187,000 due to not revoking authorizations signed in 2024. One involved SYN worth $124,000, with the authorization signed in February 2024; the funds arrived on August 30 and were transferred out about 25 hours later. The other involved 62,489 USDC, with the authorization signed in July 2024; the funds arrived on August 27 and were transferred out about four days later.
Odaily Planet Daily News: Manus posted on the X platform announcing the resumption of independent operations and entry into a new phase of development. Founding team members such as Red Xiao will continue to manage the company’s operations, with a focus on driving product innovation and the development of general AI Agents.
Manus said that as an independent Agent lab, the company will continue to expand the boundaries of general AI Agent capabilities in the future, and will convert new capabilities into products to help users handle complex tasks. In the future, Manus will further integrate into users’ everyday workflows, interact more directly with the real world, and more proactively act on users’ behalf to carry out tasks. Manus also thanks users who have recently helped back up and restore data, and said that it will roll out more innovative products in the future.
Original | Odaily Planet Daily (@OdailyChina) By Azuma (@azuma_eth) After more than two months, Strategy finally resumed buying Bitcoin. On the evening of August 31, Strategy announced that between August 24 and August 30 it purchased a total of 4,603 BTC, spending approximately $369.7 million, with an average purchase price of $80,318. As of August 30, Strategy held 845,050 BTC in total, with cumulative investment costs of approximately $63.73 billion and an average holding cost of $75,412. Meanwhile, in the same week, Strategy also did two other things—injecting about $30 million into a “USD Cash” liquidity account; and spending approximately $151.8 million to repurchase 1.557 million shares of STRC. As of August 30, Strategy’s “USD Reserve” was $5.1 billion and its USD cash was $1.61 billion, bringing the combined total to $6.71 billion.
Odaily Planet Daily News: Two wallets lost approximately $187,000 due to not revoking authorizations signed in 2024. One involved SYN worth $124,000, with the authorization signed in February 2024; the funds arrived on August 30 and were transferred out about 25 hours later. The other involved 62,489 USDC, with the authorization signed in July 2024; the funds arrived on August 27 and were transferred out about four days later.
Odaily Planet Daily News: According to SoSoValue data, yesterday (August 31, U.S. Eastern Time) SOL spot ETF recorded a total net inflow of $925,000.
Yesterday, only the Fidelity Solana Fund ETF (FSOL) saw net inflows, with a single-day net inflow of $925,000. As of now, the fund’s historical total net inflows have reached $213 million.
As of before publication, the SOL spot ETF’s total net asset value was $1.436 billion, the SOL net asset ratio was 2.37%, and historical cumulative net inflows have already reached $1.341 billion.
SHEIN’s first day on HKEX sees an intraday drop of about 10%; Trade.xyz’s pre-market flashed down 15% yesterday and priced below issue
Odaily Planet Daily, according to SHEIN’s news: SHEIN officially listed on the Hong Kong Stock Exchange today. The stock short name is SHEIN-W, and the code is 00625. The company’s IPO offer price was HK$48.56 per share; it raised approximately HK$13.6 billion, with a listing valuation of about US$26 billion. In its first day of trading, SHEIN opened at the same level as the issue price, then declined. During the day it once fell to around HK$43.72, down about 10%. Within the Hyperliquid ecosystem, Trade.xyz’s SHEIN Pre-IPO market saw a flash drop of 15% yesterday, with the deal priced ahead of time and already trading below the offer price. As of the time of writing, the xyz:SHEIN contract price is about US$5.69, which converts to approximately HK$44.6 using the HKD-to-USD exchange rate, closely matching the price range around HK$44 for SHEIN’s intraday trading on its first day on the Hong Kong market.
StableStock expands its global stock market again, officially launches 300+ South Korean stocks and ETFs
Odaily Planet Daily reports: StableStock announced the official launch of its South Korea stock trading functionality. Users can now directly trade South Korean listed stocks and ETFs using stablecoins. The first batch includes 300+ South Korean stocks and ETFs, covering core sectors such as semiconductors, automotive, internet, and biopharmaceuticals, including representative companies like Samsung Electronics, SK hynix, Hyundai Motor, NAVER, and Kakao. All South Korea stock trades on StableStock correspond to real South Korean listed stocks, not synthetic assets. Trades are executed through licensed financial institutions, with the corresponding clearing and custody completed.
Odaily Planet Daily News: According to SoSoValue data, yesterday (August 31, U.S. Eastern Time) SOL spot ETF recorded a total net inflow of $925,000.
Yesterday, only the Fidelity Solana Fund ETF (FSOL) saw net inflows, with a single-day net inflow of $925,000. As of now, the fund’s historical total net inflows have reached $213 million.
As of before publication, the SOL spot ETF’s total net asset value was $1.436 billion, the SOL net asset ratio was 2.37%, and historical cumulative net inflows have already reached $1.341 billion.
SHEIN fell by about 10% during its first intraday trading session on the Hong Kong exchange; Trade.xyz’s pre-market saw a sudden 15% drop yesterday, pricing it in advance at a break of issue price
Odaily Planet Daily reports: SHEIN officially began trading on the Hong Kong Stock Exchange today. The stock short name is SHEIN-W, and the code is 00625. The company’s IPO was priced at HK$48.56 per share, raising approximately HK$13.6 billion, with a listing valuation of about US$26 billion. In its first day of trading, SHEIN opened at the same price as the issue price, and then fell. During the session, it briefly dropped to around HK$43.72, a decline of about 10%. Within the Hyperliquid ecosystem, Trade.xyz’s SHEIN pre-IPO market saw a sudden drop of 15% yesterday, with SHEIN being priced ahead of time and breaking its issue price. As of the time of publication, the xyz:SHEIN contract price is about US$5.69, which is approximately HK$44.6 when converted using the Hong Kong-dollar contact exchange rate—closely matching the price range near HK$44 for SHEIN during its intraday trading on its first day on the Hong Kong bourse.
StableStock further expands its global stock market, officially launching 300+ Korean stocks and ETFs
Odaily Planet Daily News: StableStock has officially launched its Korean stock trading functionality. Users can now directly trade Korean listed stocks and ETFs using stablecoins. The first batch includes 300+ Korean stocks and ETFs, covering core sectors such as semiconductors, automobiles, internet, and biopharmaceuticals. Representative companies include Samsung Electronics, SK hynix, Hyundai Motor, NAVER, and Kakao. The Korean stock trading on StableStock corresponds to actual Korean listed stocks, not synthetic assets. Trades are executed through licensed financial institutions and complete the corresponding clearing and custody.
Odaily Planet Daily News: According to on-chain analysts Ai Yi’s monitoring, on May 19, an address bought 78 WBTC on-chain at an average price of $76,824, investing about $5.99 million. After establishing the position, the WBTC price continued to fall; the address’s assets once shrank by 24%, and it had an unrealized loss of $1.423 million. Nine hours ago, the address liquidated at $78,463, ultimately making a profit of $127,000.
Odaily Planet Daily News: According to Dune data, Robinhood’s on-chain pairing of meme coins has surpassed stock token trading volume for 4 consecutive days, taking up the largest share of Robinhood’s on-chain RWA trading market. The meme-on-stock pairing is also driving stock token trades. On August 31, the trading volume of the meme-on-stock pairing reached $93.10 million, up by approximately $20 million from the previous day; the trading volume of stock tokens reached $91.40 million, up by approximately $40 million from the previous day.
For more information and analysis on the meme-on-stock pairing, read 《Robinhood chain brings back a golden dog with a market value of over 100 million, and the meme-on-stock pairing fuels RWA》
JPMorgan Chase and Castle Securities issue warnings: stay cautious ahead of the jobs report, and advise investors to hedge downside risk in advance
Odaily Planet Daily News: JPMorgan Chase and Castle Securities both issued short-term warnings, advising investors to remain cautious ahead of an upcoming period of dense macroeconomic data releases and before the Federal Reserve policy meetings, and to strengthen downside risk hedging by taking advantage of current options prices that are at low levels this year. After Federal Reserve Chair Waller delivered a highly anticipated speech on August 28, releasing clear signals and emphasizing that U.S. inflation has not slowed meaningfully, the trading team led by Andrew Tyler, Head of U.S. Market Intelligence at JPMorgan Chase, decided to abandon its bullish stance ahead of the Fed’s policy decision on September 16. Although they expect economic data and corporate earnings to continue providing support, they still downgraded their view of U.S. stocks to tactically cautious.
Odaily Planet Daily News: According to Dune data, Robinhood’s on-chain pairing of meme coins has surpassed stock token trading volume for 4 consecutive days, taking up the largest share of Robinhood’s on-chain RWA trading market. The meme-on-stock pairing is also driving stock token trades. On August 31, the trading volume of the meme-on-stock pairing reached $93.10 million, up by approximately $20 million from the previous day; the trading volume of stock tokens reached $91.40 million, up by approximately $40 million from the previous day.
For more information and analysis on the meme-on-stock pairing, read 《Robinhood chain brings back a golden dog with a market value of over 100 million, and the meme-on-stock pairing fuels RWA》
JPMorgan Chase and Castle Securities Issue Joint Warnings: Stay Cautious Ahead of Non-Farm Payrolls, Suggest Investors Hedge Downside Risks Early
Odaily Planet Daily reports that JPMorgan Chase and Castle Securities have both issued short-term warnings, advising investors to remain cautious ahead of the upcoming period of dense macro data releases and before the Federal Reserve policy meeting, and to strengthen downside risk hedging using the current options prices that are at an annual low. After Federal Reserve Chair Waller released clear signals in a much-anticipated speech on August 28—emphasizing that U.S. inflation has not materially slowed—JPMorgan Chase’s U.S. market intelligence head Andrew Tyler and his trading team decided to abandon their bullish stance ahead of the Federal Reserve policy decision on September 16. Although they expect economic data and corporate earnings to continue to provide support, they still downgraded their outlook on U.S. stocks to tactical caution.
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