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24/7 News

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8/25
22:46
Lookonchain: Mysterious whale 0x6436 resumes accumulating $HYPE after 2 months of inactivity, withdrawing 79,800 $HYPE ($6.5M) from exchanges. In total, the wallet has withdrawn 1.36M $HYPE ($95.6M) from exchanges at an average price of $70.
22:40
The Monetary Authority of Singapore (MAS), alongside leading financial institutions and FinTechs, has published an industry white paper titled “Safeguards for Agentic Finance at Runtime (SAFR)”. The paper proposes a framework to enable AI agents in financial services to carry out financial tasks safely, securely, and reliably. SAFR was developed under MAS’ BuildFin.ai initiative, which supports the responsible development and deployment of AI solutions in the financial sector.
22:38
Martin Casado, a general partner at the renowned venture capital firm a16z, stated in a recent podcast that AI is fundamentally rewriting the underlying economic logic of innovation that has supported the computer industry for the past 75 years. He pointed out that the industry has shifted from an engineering-constrained problem to a capital-constrained problem, where a 20-person team can now effectively deploy $1 billion in capital. Steven Sinofsky, a board partner at a16z, added that startups have not been crushed by giants because AI solves the distribution problem, and startups can raise enough capital to compete with giants.
22:36
22:34
Modi's administration appears well-placed to meet its divestment target, with its stake-sale efforts positioning India's equity capital market for a banner month.
22:32
Morgan Stanley initiated credit rating coverage on NVIDIA on August 24, assigning a "Neutral" rating and advising investors to remain on the sidelines in both the cash bond and credit default swap (CDS) markets. The bank's analysts noted that NVIDIA's credit fundamentals remain solid, but insufficient transparency surrounding its contingent liabilities and the scale of tail risks make it too early to get involved at this juncture. The report projects that, after including various contingent obligations, NVIDIA's total credit exposure could reach approximately $200 billion by the end of 2028, with about $170 billion stemming from off-balance sheet adjustments and contingent obligations.
22:32
Innovent Biologics announced today that its total revenue for the first half of 2026 reached RMB 8.618 billion, a year-on-year increase of 44.8%. Boosted by this news, the company's share price in Hong Kong stocks morning trading once surged over 12%, and the Hang Seng Biotech Index rose over 3%. Previously, JPMorgan Chase increased its holdings in Innovent Biologics by 2.355 million shares on August 20, involving HKD 241 million; Morgan Stanley and Goldman Sachs also raised the company's target price on August 19 and August 6, respectively, and Nomura analysts pointed out that the company's net profit exceeded expectations.
22:05
This move indicates that despite the U.S. placing Huawei on the Entity List since 2019, restricting its cooperation with American suppliers such as Google, Huawei's technology is still being adopted overseas. The agreement follows a patent dispute between HP, Huawei, and other companies, which was resolved last fall with an agreement allowing HP access to a patent pool containing 2,000 patents related to wireless network connectivity. Huawei is one of the founding members of this patent pool, named Sisvel WiFi 6. Huawei's negotiator, Steven Geiszler, stated that the latest global cross-licensing agreement also includes "valuable reciprocal patent rights for HP."
21:52
Malaysian Prime Minister Anwar Ibrahim's recent comments, including stating that he views Taiwan as "part of China, period" in an interview earlier this month, and his call to bolster Malaysia's defenses in Sabah, have sparked debate about whether Malaysia is shifting away from its traditional non-alignment policy towards China. Taiwan's government has condemned Anwar's remarks, warning of potential negative impacts on Taiwanese business confidence in Malaysia. Anwar later clarified that Malaysia respects China's position but favors a peaceful resolution in the Taiwan Strait. His call for increased defense spending in Sabah was partly justified by the development of US-backed military facilities in the neighboring Philippines, which Malaysia views with unease due to its ongoing dispute with the Philippines over Sabah.
21:42
Australian Retirement Trust, which manages about A$370 billion ($265 billion) in savings, has built its largest overweight position in the Japanese yen in years. The fund is betting that markets are underpricing future Bank of Japan interest rate hikes, having spent the past six months adding to the trade as the yen weakened towards 160 per dollar, partly by trimming its exposure to the greenback.
21:12
Elon Musk retweeted Sawyer Merritt's tweet, stating that SpaceX is offering a 50% monthly fee discount to new and existing Starlink Residential users in Vermilion Parish, Louisiana (where the Starbase will be built) as a way to give back to the local community. Additionally, new users will be exempt from the upfront hardware cost for the Starlink Residential kit.
21:12
Elon Musk forwarded a tweet from AndrThie, indicating that the "25Guns" team at Tesla's Giga Berlin is seeking ace engineers to work with a hardcore sense of urgency. Applicants are asked to send their resumes to [email protected], including three bullet points on the toughest technical problems they have solved. A focus on cell production is a plus.
21:03
On-chain monitoring by Lookonchain indicates that Garrett Jin (@GarrettBullish) did not take profit after his Bitcoin long position returned to profitability. Instead, he further increased his long by 600 BTC, valued at $47.19 million. His current Bitcoin long position totals 1,868 BTC, worth $147 million, with an unrealized profit of $2.9 million and a liquidation price of $44,455. Additionally, Jin holds a short position of 32,760 ZEC ($25.5M) with an unrealized loss of $11 million and a liquidation price of $2,529.
21:02
Following Moderna's breakthrough cancer vaccine trial, Chinese companies including Jiangsu Hengrui Pharmaceuticals and Li Ka-shing-backed CK Life Sciences are pushing forward with similar programmes. These companies have seen their stock prices surge, eyeing a large potential market given that nearly 2.6 million people die from cancer in China alone each year.
20:42
Robotics startup Generalist has reached a $3 billion valuation following a nearly $200 million extension round led by 8VC. This new capital brings the company's Series B funding total to $600 million, just months after it was valued at $2 billion in June. Generalist, founded by former Google DeepMind researchers and a Boston Dynamics engineer, is developing an AI foundation model for robots and counts Nvidia among its early backers.
20:40
Seoul stocks turned higher on Wednesday, with the benchmark Korea Composite Stock Price Index (KOSPI) rising 61 points, or 0.9 percent, to 6,803.74 as of 9:15 a.m. The gains were primarily driven by chipmakers, ahead of the earnings release from US chip giant Nvidia. Overnight, major stock indexes on Wall Street also closed higher on a chip rebound, with the tech-heavy Nasdaq up 0.66 percent and the S&P500 adding 0.32 percent.
20:40
Amazon announced Tuesday that it will soon discontinue Mechanical Turk (MTurk), a 21-year-old service that founder Jeff Bezos once described as "artificial artificial intelligence." Launched in 2005, MTurk connected workers with simple digital tasks that were easy for humans but challenging for computers. The company stated it regularly evaluates its programs and made the decision to close the service following an assessment. The platform has seen a decline in recent years amid rapid advancements in AI models and the emergence of new data startups.
20:34
Research firm TrendForce reports that contract prices for storage components such as DRAM and NAND Flash have significantly increased as major Cloud Service Providers (CSPs) accelerate their investment in AI infrastructure. The firm expects storage to account for 68% of CSPs' total capital expenditure by 2027, up from 47% in 2026.

Specifically, server DRAM contract prices are projected to cumulatively rise by approximately 270% by 2026, enterprise SSD (NAND Flash) by 235%, and HBM may still see an increase of 70% to 140% by 2027. TrendForce believes that high storage costs will provide a basis for AI chip suppliers like NVIDIA to raise prices and prompt cloud vendors to optimize their AI system storage architecture, for example, by adjusting RDIMM configurations or reducing HBM capacity.
20:30
China's banks have begun pricing bonds against the nation's overnight financing cost, a sign the overnight rate is increasingly becoming a benchmark for China's financial system.
20:27
The firm is one of several professional services businesses targeted by the American Alliance for Equal Rights in connection with the probe.
19:54
Preliminary data released by the Bank of Japan (BOJ) showed that the services producer price index (all items) increased by 3.6% year-on-year in July. Excluding international transportation, the index rose by 3.1% year-on-year.

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