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Social crypto trading app Fomo has surged into the top five US finance apps, briefly hitting #3. With over 600,000 users and $4B in volume, its multi-chain, copy-trading model is gaining significant traction.
Read MoreTRON founder Justin Sun addressed recent criticisms on social media, opting not to counter specific allegations but instead reaffirming his profound confidence in the convergence of cryptography and AI. He bases this optimism on breakthroughs in mathematics and cryptography, predicting eventual global adoption by billions, with his team focused on building robust and mature service infrastructures.
Read MoreZhipu AI has achieved an 80% reduction in per-token inference costs since early this year by deploying a massive cluster of over 100,000 domestic AI chips. This homegrown computing power, stress-tested with real traffic, now handles all online workloads for its latest large language model, marking a significant leap in scalable, cost-efficient AI inference.
Read MoreGoldman Sachs highlights humanoid robots as a key semiconductor driver, with memory systems valued at $600-$800 per unit, nearly half the total semiconductor content. The report details DRAM and NAND market sizes and explores HBM's role in edge computing and the supply chain landscape.
Read MoreSuiyuan Tech priced its STAR Market IPO at 142.18 yuan per share, aiming to raise 6.119 billion yuan. The unprofitable AI chipmaker used a price-to-sales valuation of 61.80x for 2025, below industry average. Subscription starts September 2.
Read MoreIreland plans to launch a new state-backed tax-free savings account in early 2024. The account will allow investments in listed stocks, bonds, and ETFs, while explicitly excluding cryptocurrencies and derivatives. It aims to redirect savings into investments, with specific tax thresholds to be announced in October.
Read MoreThailand's Ministry of Digital Economy and Society has launched the TH-AI Passport platform, offering free access to 33 AI models for up to 5 million users. The initiative aims to boost domestic AI adoption and reduce reliance on foreign technology, coinciding with public consultations on the nation's first AI law draft.
Read MoreOn August 31, the Polymarket prediction market platform experienced a website outage, preventing users from placing orders. The technical team is conducting emergency repairs, with trading expected to resume by 18:00 Beijing time. Users are advised to monitor official updates.
Read MoreBinance will delist multiple cross and isolated margin trading pairs including TNSR/USDC and SUI/BTC on September 3, 2026. Isolated margin borrowing will be suspended beforehand, with automatic settlement to follow. Users should adjust positions accordingly.
Read MoreThe US government secretly sold seized Anthropic shares linked to former FTX executives. Estimated proceeds range from $250M to $1.1B, but the exact amount remains undisclosed. Funds haven't been transferred to FTX's bankruptcy estate for victim compensation, raising concerns. The DOJ prioritizes victim restitution but provides no timeline.
Read MoreMetaplanet CEO Simon Gerovich has exercised Series 10 stock purchase rights, acquiring 64 million ordinary shares. This significant move brings his total holdings to 79.58 million shares, representing approximately 5.9% of the company's total shares, highlighting strong insider confidence.
Read MorePICC Vice President Cai Zhiwei revealed the firm's 2021 investment in CXMT has generated a staggering return exceeding 20 times, calculated from its STAR Market IPO debut. Emphasizing a long-term investment philosophy aligned with national strategic priorities, Cai stated PICC has already built a pipeline of high-quality projects poised to deliver strong future returns.
Read MoreBitMEX founder Arthur Hayes has turned bullish on Ethereum. He highlights that despite previous heavy selling, the recent rebound in the ETH/BTC ratio signals a potential shift, indicating renewed market interest and possible capital rotation back into the Ethereum ecosystem.
Read MoreSoftBank's SB Energy is preparing for an IPO filing next week, aiming to raise up to $7 billion. In a strategic move to secure OpenAI as a major data center client, the company has granted warrants valued at approximately $5.5 billion, adding significant intrigue to its public offering.
Read MoreTencent Holdings spent approximately HK$100 million to repurchase 223,000 shares on August 31st. This strategic buyback signals management's confidence in long-term value amid recent market pressure and may mark the beginning of enhanced shareholder returns.
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