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8/3
01:01
Alibaba released its flagship model Qwen3.8 on August 3rd and simultaneously launched the public beta of "Qwen Office." This move is seen by the market as a crucial part of its AI narrative, with the potential to convert AI investments into revenue. The Qwen3.8 model supports a 1 million Token context and offers more competitive API pricing at 12 yuan per million input Tokens and 36 yuan per million output Tokens. Analysts generally believe that enterprise-level office scenarios can generate more stable and higher-intensity Token call volumes, thereby driving growth in Alibaba Cloud's MaaS revenue and profit. Citi defines Alibaba as a primary beneficiary of China's Token economy, while Morgan Stanley and HSBC also expect AI-related businesses to significantly improve Alibaba Cloud's performance and profit margins.
00:38
Notably, Polymarket US's volume rose 54% in July, while the main Polymarket platform's volume fell 26% compared to June.
00:16
A recent report indicates that stablecoin outflows from South Korean exchanges exceeded $367 million in June. This marks the 18th consecutive month of such outflows, occurring as regulators in the country consider implementing tighter oversight on cross-border crypto activities.
8/2
23:36
Strategists suggest the US Treasury may be using euros rather than dollars to fund its yen purchases. This approach aims to avoid weakening its own currency and prevent casting doubt on its strong greenback policy.
23:18
Alibaba's Qwen team officially released Qwen 3.8-MAX on August 3rd, the largest and most capable model in the Qwen family to date, with a total of 2.4 trillion parameters and 95B active parameters. This model marks the first time a Max-level model has been open-sourced, with its weights to be released next week on Hugging Face and ModelScope.

Benchmark tests show that Qwen 3.8-MAX performs comparably to Anthropic Fable 5 across multiple metrics for programming agents and general agents. For example, its PaperBench score is 93.0, higher than Fable 5's 88.8. The model also demonstrates excellent capabilities in long-range autonomous programming, office task processing, and chip design optimization.

Regarding API pricing, calls made through the Qwen AI platform (Alibaba Cloud) will be priced at $2.0/million tokens for input and $6.0/million tokens for output.
22:47
Joseph Wu, Secretary-General of Taiwan’s National Security Council, stated that China's "hybrid warfare" presents a fresh challenge to the entire region. He specifically highlighted China's mass deployment of its coast guard and other vessels to enforce territorial claims, re-branding maritime aggression as routine police work. Wu noted this is a challenge not only for Taiwan.
22:36
Goldman Sachs In his latest weekly report, analyst Mark Wilson noted that hyperscale cloud computing companies are demonstrating staggering levels of capital expenditures and returns. Goldman Sachs forecasts that Google (Alphabet)’s capital expenditures will reach $415 billion by 2028, Amazon’s will reach $366 billion during the same period, and Microsoft’s will reach $284 billion.Wilson bluntly described this scale as “staggering,” but the business performance was equally impressive: Google cloud growth accelerated to 82% year-over-year, Amazon and AWS revenue growth accelerated to its highest level since the COVID-19 pandemic. Amazon During the earnings call, management noted that the annualized AI revenue scale had risen significantly quarter-over-quarter, now exceeding $25 billion, with triple-digit year-over-year growth, and that the AI business was delivering strong profit margins and returns.
22:36
Goldman Sachs Mark Wilson, Head of European Hedge Fund Operations, noted in his latest weekly report that the global economy is moving beyond the era of “excess savings” and entering “the most capital-hungry investment cycle in history,” driven by AI infrastructure development, reindustrialization, defense restructuring,power grid reconstruction, supply chain restructuring, and sovereign debt financing—a “cycle of investment with the greatest appetite for capital in history.” He believes this competition for capital will be a persistent medium-term feature, driving capital pricing and costs higher and thereby transforming the investment paradigm.Wilson emphasized that the Federal Reserve is more of a “passenger than a driver” in this discussion; the fundamental driver of rising yields is not monetary policy but structural capital demand, and one should not expect the 30-year U.S. Treasury yield—which recently broke through a key threshold—to reverse course anytime soon.
22:32
Binance Binance Futures will launch the GIGADEVUSDT USDⓈ-M perpetual contract on August 3, 2026.
22:28
According to blockchain analytics firm Lookonchain, two wallets are heavily long a combined position of 1,364 BTC, valued at $86.2 million. Their respective liquidation prices are $61,079.4 and $61,096.7.
22:25
On August 3, A-shares fluctuated lower during early trading, with the STAR 50 Index falling more than 4%, led by semiconductor stocks. Meanwhile, power-sector stocks—including those related to nuclear power, nuclear fusion, smart grids, and virtual power plants—surged against the broader market trend. Hong Kong stocks opened higher and continued to rise, with the Hang Seng Tech Index up 1.08% and Alibaba surging nearly 6%. Most domestic commodity futures fell, with polysilicon rising more than 6%, while coking coal, coke, iron ore, lithium carbonate, and crude oil were among the top decliners.
22:17
South Korean cryptocurrency exchange Upbit issued an announcement confirming that it has completed the GAS airdrop payments for the fifth week of July 2026.
22:01
Crypto exchange Bybit announced it will list UNITREEUSDT for Perpetual Pre-Market Trading, with the call auction scheduled to begin on Aug 3, 2026, at 3:00 AM UTC. The exchange noted that this pre-market listing does not guarantee its eventual listing on the Derivatives trading platform, and the contract may be delisted from pre-market trading if the match-making tradeoff fails.
21:59
India's initial public offering (IPO) boom is fading, with proceeds down by a fifth from a year earlier. This slowdown is attributed to weak market conditions, which are compelling companies to reduce deal sizes, accept lower valuations, and postpone their listings, raising concerns about the sustainability of momentum after two record-setting years.
21:48
Goldman Sachs A report from the Delta One trading desk shows that hedge funds experienced their largest concentrated deleveraging in more than three years last week, with the global deleveraging being the most significant since the meme stock frenzy of January 2021.Subsequently, the Goldman Sachss trading desk recorded its largest weekly net buying since November 2020, driven almost entirely by short covering, with net buying observed in both macro products and individual stocks.Among them, the momentum factor (GSPRHIMO) surged 13% in a single day, marking its largest one-day gain in over a decade, as better-than-expected earnings reports from Microsoft and Amazon boosted market confidence. Although leverage levels have rebounded somewhat, they remain in the historically low range.
21:46
South Korean President Lee Jae Myung is facing criticism as the government's strategy to attract capital and bolster the won through high-risk investment products backfires. Authorities had introduced these products following a surge in the country's stock market in January, aiming to draw more capital, but the move has now led to public backlash amidst market volatility.
21:28
According to traders, India's short-dated bonds are expected to outperform long-duration debt. This outlook is based on expectations that the Reserve Bank of India (RBI) will maintain current interest rates and that banks will experience a significant cash surplus, factors anticipated to steepen the country's yield curve.

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