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Hong 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.
Read MoreIran's newly established Persian Gulf Strait Authority has warned that vessels violating transit rules in the Strait of Hormuz could face penalties including restricted passage, fines, seizure, or confiscation. An updated non-compliant ships list has been released, urging operators to comply.
Read MoreOn-chain data reveals a rapid, large-scale asset movement: an address deposited over 136 million USDC into an exchange and simultaneously withdrew approximately $264 million worth of Bitcoin and Ethereum, signaling potential strategic repositioning by a major holder.
Read MoreFollowing a $454k USDC loss from the Term Finance exploit, Tori Finance and RockawayX covered the shortfall. However, D2 Finance has raised five public questions about the transparency and risk management of their recovery process, including fund sourcing and collateral verification.
Read MoreBarclays analysis suggests Fed Chair Warsh may push to reduce reliance on forward guidance, viewing it as a source of past policy errors. He is expected to emphasize long-term economic drivers like productivity trends, while markets seek clarity on the path to 2% inflation.
Read MoreA UK court has shut down cryptocurrency firm Key Coin Assets following investor losses exceeding £300,000. The company promised guaranteed high returns with no risk, but funds were quickly diverted to personal accounts. It had no real trading activity and was on the FCA's unauthorised list.
Read MoreKimi's first-generation trillion-parameter multimodal model K2.5 will officially retire by month-end, marking a pivotal transition in the company's AI development. This move highlights accelerated technological evolution in the large-model arena.
Read MoreDigital banking platform Fasset raised $68 million in a funding round led by Japan's SBI Group, reaching a $1 billion valuation. The CEO reported annual transaction volume exceeding $40 billion across 125 countries, with strong revenue growth and sustained profitability.
Read MoreThe CEO of Coinbase highlights that stablecoins offer a practical financial alternative in economies suffering from high inflation or volatility. They enable global access to stable currencies like the US dollar, providing a digital safeguard against local currency devaluation without the need for physical relocation.
Read MoreSoftBank plans to issue a record $6.3 billion in retail bonds in Japan, aiming to fund major tech investments, including its commitment to OpenAI. This move highlights the group's aggressive AI strategy and its use of diversified financing for long-term bets.
Read MoreNvidia is in advanced discussions to invest in AI startup Perplexity at a valuation exceeding $300 billion, with a potential technology licensing agreement also under consideration. This move signals Nvidia's strategic expansion into core AI applications.
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