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8/12
02:34
Beijing ModelBest AI Technology Co., Ltd. (ModelBest AI) filed for IPO辅导备案登记 (IPO tutoring record-filing) with the Beijing Securities Regulatory Bureau on August 11, officially commencing its A-share listing process. CITIC Securities will be responsible for the tutoring. ModelBest AI, founded in 2022 and incubated by Tsinghua University, specializes in the MiniCPM series of edge-side large models, and its products have entered the supply chain for Samsung's flagship phones. The company has cumulatively raised over 5 billion RMB by the first half of 2026, with an estimated valuation exceeding 20 billion RMB.
02:02
Hong Kong is doubling down on efforts to increase its stock market’s exposure to the technology industry, as the city endeavours to catch up in the global artificial intelligence trade and potentially even challenge the Nasdaq. A slew of mainland Chinese hardware tech companies – particularly the makers of optical transceivers used in AI data centres – are lining up for stock offerings in the city after the debut of Zhongji Innolight last month, reshaping the dynamics of listings that, until...
02:02
The new derivatives, issued by Foris Capital CY Limited, provide synthetic exposure to assets like Apple, Nvidia, Tesla, and SPDR Gold Shares, allowing positions from $1 and 24/7 trading. This move follows Crypto.com's May 2025 acquisition of Foris Capital, which secured a MiFID license for regulated financial products in Europe. The tokenized stock market has grown 600% in the past year to $2.49 billion, with Citi estimating it could reach $5.5 trillion by 2030.
01:34
According to South Korea's Asia Business Daily, Singaporean sovereign wealth fund Temasek recently contacted the South Korean government regarding investments in Samsung Electronics and SK Hynix, and is currently evaluating the timing for entry. Temasek views these two global memory chip giants as significantly undervalued assets within the AI value chain, believing the memory semiconductor sector has the lowest valuations and characterizing it as a long-term growth area driving industrial structural change. This market entry will be conducted through direct internal investment rather than entrusting external asset management companies. Temasek aims to significantly increase the proportion of AI-related investments in its overall portfolio from the current 6% to a maximum of 15% within the next five years. The fund currently holds shares in NVIDIA, TSMC, and ASML, and is one of the major institutional investors in OpenAI and Anthropic.
01:30
Bitcoin and Ethereum traders adopted divergent strategies ahead of the release of the US July Consumer Price Index (CPI) data. Some traders bet on price increases by purchasing Bitcoin call options on Deribit (such as the 25SEP26 70k call option, with a total premium of approximately $2.5 million), anticipating that CPI data might be lower than expected, pushing Bitcoin to break out of its current $62,000-$66,000 range and move towards $70,000. Other traders bet on increased volatility by purchasing December strangles for Bitcoin and Solana, aiming to profit from significant price movements in either direction. On-chain data showed that Ethereum recorded net exchange outflows of $49.7 million and $164.6 million over the past day and week, respectively, indicating an accumulation trend; however, smart traders on the decentralized exchange Hyperliquid held net short positions of $46.8 million in Bitcoin and $20.9 million in Ethereum.
01:21
Israeli forces continued their crackdown in the West Bank, arresting at least 23 Palestinians and demolishing several homes, including the family residence of a man killed in July during clashes with Israeli settlers. Ramiz Alakbarov, Deputy Special Coordinator for the Middle East Peace Process, stated that the situation in the West Bank has reached a "breaking point." UN data shows that this year, Israeli forces and settlers have killed 76 Palestinians, and approximately 3,800 people have been displaced due to settler violence, demolitions, and evictions. Israeli authorities have advanced or approved approximately 12,360 settlement housing units this year.
01:19
The exploit, which created an amount equal to over a quarter of ONE's existing supply, prompted Harmony to work with exchanges to freeze funds and prepare a software fix, including potential rollback options. The network previously faced a bug in 2023 that improperly created 146.3 million ONE tokens and a $100 million bridge attack in 2022.
01:18
Koray Kavukcuoglu, previously CTO of Google DeepMind and Chief AI Architect at Google, will now report directly to Google CEO Sundar Pichai. He will be responsible for Gemini model development, frontier AI research, and the Gemini applications and developer teams. This personnel change aims to shift Google DeepMind's focus from academic projects to enhancing frontier AI performance and developer tools, in response to competitive pressure from new models expected from OpenAI and Anthropic in 2026. Former CEO Demis Hassabis will transition to Chairman of the division.
01:16
The Bank of Japan published a research paper empirically analyzing the linkages of firm spending behavior along supply chains in Japan's manufacturing sector. The findings indicate that capital investment is influenced by downstream investment activity, and regular wage-setting appears to be affected by wage rates set by focal firms within the same supply chains. Additionally, evidence of bonus linkages originating from temporary foreign demand shocks was found.
01:15
A Bank of Japan research paper found that Japan's manufacturing supply chains, especially in the auto sector, are exceptionally long and large-scale. Firms at the center of these chains exert a greater influence on individual suppliers' production activities. The study also revealed that supply constraints in products identified as potential bottlenecks can significantly dampen macroeconomic production, and holding inventory can serve as an effective measure to mitigate these impacts to a certain extent.

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