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Unitree Tech has announced its IPO price on Shanghai's STAR Market at 150.80 yuan per share, with a post-issue market cap nearing 61 billion yuan. Founder Wang Xingxing, holding over 33% of shares, is set to see his personal wealth surpass 20 billion yuan, heralding a new billionaire from China's robotics sector.
Read MoreUniversity of Chicago professor Robert Pape warns that after failed air and naval pressure, President Trump may consider deploying ground troops to Iran. Pape argues Trump is caught in an "escalation trap," facing a choice between further military action or a historic strategic defeat.
Read MoreA retest reveals Qwen3.8 Max's intelligence score now matches Claude Opus 4.8, with strong Agent performance. However, average task costs have doubled, and its hallucination rate has jumped to 40%.
Read MoreThe SEC has approved Nasdaq's proposal for a 23-hour trading day. Starting December 6, 2026, U.S. equity markets will close for just one hour daily for settlement, ushering in a near-24/5 trading era.
Read MoreLeading South Korean exchange Upbit announced the listing of Blockstreet (BSB) on August 7th, opening BSB/KRW, BSB/BTC, and BSB/USDT trading pairs. This expansion provides investors with enhanced access and is expected to boost the token's liquidity.
Read MoreApollo Global Management has won the bidding war for UK budget airline EasyJet with a £5.7 billion offer. The deal, expected to close in early 2025, marks a major expansion for the $1 trillion-plus asset manager in the aviation sector.
Read MoreUnitree Robotics' pre-IPO perpetual contracts surged 13.7% in 24 hours, briefly exceeding $83. This values its post-listing market cap around $32.8B. Based on the set IPO price, subscribing for one lot (500 shares) could yield an estimated profit of nearly 200,000 RMB after costs.
Read MoreLG Group Chairman Koo Kwang Mo is set to meet Nvidia CEO Jensen Huang next week at Nvidia's Silicon Valley headquarters. Their discussions are expected to focus on embodied AI, smart factory solutions, and potential GPU procurement deals, signaling a potential major alliance between consumer electronics and AI computing leaders.
Read MoreSpot silver prices rose sharply on August 7th, gaining 1% intraday to surpass $62 per ounce. The increase is primarily driven by heightened safe-haven demand, as investors turn to precious metals amid economic uncertainties, highlighting silver's growing appeal.
Read MoreHong Kong's stock market witnessed a significant surge in big model concept shares, with leading stocks like MINIMAX-W and Zhipu AI skyrocketing over 15%. This rally highlights renewed investor confidence and capital influx into core AI infrastructure technologies.
Read MoreLeading Korean exchange Upbit has launched a KRW trading pair for Kamino Finance (KMNO), providing crucial fiat on-ramp access. This move significantly enhances liquidity and accessibility for the KMNO token, marking a key step in Kamino's expansion within the Asian market, particularly South Korea.
Read MoreOn August 7, OpenClaw-related concept stocks led a strong rally in the Hong Kong stock market, boosting the AI sector. MINIMAX-W surged over 10%, Zhipu Tech rose more than 6%, with giants Tencent and NetEase also advancing, reflecting market optimism about AI application prospects.
Read MoreThe U.S. Senate has postponed the vote on the key Cryptocurrency Market Structure Bill, known as the CLARITY Act, until September, according to Politico. This delay raises questions about the legislative timeline and the future regulatory landscape for digital assets.
Read MoreMoonshot AI's KimiK3 licensing agreements reportedly require partners to share up to 30% of revenue, according to Reuters sources. While the company declined comment, ChinaSoft International recently disclosed a revenue-sharing deal, highlighting evolving AI commercialization models.
Read MoreOn-chain data reveals two leading Bitcoin miners transferred a combined 581 BTC, worth over $37 million, to institutional custodian NYDIG. This significant movement suggests a strategic hold or asset management move rather than immediate selling.
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