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Draper Dragon invests in AI compute routing protocol LeapNode. It unifies top AI models via one API, slashing inference costs by 70%-90% while ensuring high availability. The protocol aims to build infrastructure for autonomous payments between AI agents.
Read MoreThe parent company of China's top flash memory maker YMTC has filed for a Shanghai STAR Market IPO, aiming to raise about $4.9 billion. Proceeds will primarily fund production line expansion and R&D for next-generation storage tech. Recent financials show explosive revenue and profit growth amid tight NAND supply.
Read MoreA Fidelity International portfolio manager has doubled his fund's gold allocation to its 5% cap in three weeks. He cites eroding Fed credibility and policy uncertainty, not just rising yields, as the key driver. He's prepared to raise the cap further if the dollar's safe-haven status weakens.
Read MoreHong Kong's financial regulators are enforcing a circular requiring licensed institutions like HSBC to review dormant accounts of mainland investors with zero balances. Reactivation hinges on clients submitting a declaration confirming funds originate from outside mainland China. Accounts failing to comply risk termination of investment services.
Read MoreBitMEX co-founder Arthur Hayes disclosed that his new project Flop Network may allocate 20% of its 10-year token supply for airdrops. The figure remains adjustable based on community feedback, aiming to build early adoption through strategic distribution.
Read MoreOn-chain data reveals Hyperliquid's largest LIT short position is under severe pressure following a price surge. With over $5.6 million in unrealized losses, the holder injected an emergency $2.5 million to raise the liquidation price to $5.78 and avoid being forced out.
Read MoreOn August 24, the Iranian rial plunged past the critical threshold of 2 million per US dollar for the first time, setting a historic low. This sharp devaluation underscores severe economic pressures from sanctions, hyperinflation, and eroding market confidence, raising alarms over domestic stability.
Read MoreAnthropic has confirmed that service errors affecting multiple Claude model versions have been fully resolved. All systems are now operating normally, with no data loss reported during the incident.
Read MoreChina's state planner proposes major reforms to overseas investment rules, explicitly including individual residents under a new filing management system. This simplifies the process for personal offshore investments, signaling a significant step in capital account liberalization. The draft is now open for public feedback.
Read MoreBitcoin has retraced below the key $77,000 level, currently trading around $76,992 despite a 24-hour gain. Increased market volatility signals a shift. This analysis explores the pullback's context and offers essential risk management insights for traders navigating the current landscape.
Read MoreHong Kong stocks declined sharply today, with the Hang Seng Index falling 1.89%. Tech stocks led the losses, with the Hang Seng Tech Index dropping 3.61%. Alibaba shares plunged 8.54%, while other tech names fell over 10%.
Read MoreU.S. storage chip stocks, including SK Hynix, Micron, and SanDisk, fell sharply in pre-market trading on August 24. Weak demand and macroeconomic uncertainties are likely key factors driving the sell-off, signaling potential volatility ahead for the sector.
Read MoreAt Hot Chips 2026, a Micron HBM expert revealed AI accelerator compute performance is growing 3x faster than HBM bandwidth, worsening the "Memory Wall" bottleneck. The solution may require new architectures that blur the line between processing and memory units.
Read MoreUnitree Tech's (C Unitree-W) stock price fell sharply on August 24, dropping over 10% at close. Its market value evaporated over 20 billion yuan in a single day, and has shrunk by over 200 billion yuan since its IPO debut. This article analyzes the market factors behind this plunge.
Read MoreZhipu AI's Hong Kong stock plunged over 10% to HK$1,015, while Minimax dropped nearly 11%. The sell-off reflects market reassessment of AI valuations amid sector-wide adjustments and concerns over commercialization timelines, signaling potential short-term volatility for high-growth tech stocks.
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