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According to Caixin Online, the National Development and Reform Commission has released the Draft Revised Measures for the Administration of Outbound Investment for public consultation, with the period running from August 21 to September 20, 2026. The draft expands the investor scope from enterprises to include domestic enterprises, other organizations, and resident individuals, and clarifies that re-investment overseas by investors also falls under outbound investment. Under the regulatory framework for outbound investment, concerning the classification of investments, division of regulatory responsibilities, and procedures and deadlines for approval and filing, investors must obtain approval documents or filing notices prior to implementing outbound investments. For resident individuals newly included as investors, the approving authority is the National Development and Reform Commission, while the filing authority is the provincial development and reform department at their place of household registration or habitual residence. The draft introduces new systems for an annual report on outbound investment information and a report on preliminary work progress. Investors are required to submit the annual report on outbound investment information via an online system by March 31 each year, thereby notifying the development and reform authorities of their outbound investment details as of the end of the preceding year.
Bitget today announced the schedule for the 2026 KCGI King Cup Global Invitational. This edition features a comprehensive upgrade, marking the first time it integrates three major tracks: crypto contracts, TradFi contracts, and stock spot rToken, with a total prize pool of 3,000,000 USDT.
According to Chaoxiang Research, Goldman Sachs' fourth annual report in its CHIPS Act series, released on August 24, indicates that by June 2026, China's semiconductor IC self-sufficiency rate will reach 70%, nearly double the 38% recorded in January 2010. Goldman Sachs has raised its forecast for China's semiconductor capital expenditure to $82 billion in 2030, up 79% from previous estimates. The report covers CXMT, China's leading DRAM manufacturer, for the first time, assigning a Buy rating with a target price of ¥129. Goldman Sachs projects that the supply-demand gap for China's advanced logic processes at 7nm and below will narrow from 92% in 2025 to 34% by 2035, while wafer demand for AI servers will grow at a CAGR of 42% over the same period. Under the baseline scenario, China's AI chip market is projected to reach $678 billion by 2030, representing a CAGR of 69% from 2025 to 2030; the DRAM market will reach $257 billion by 2028, growing at a 50% CAGR, with HBM expanding at an 188% CAGR. China's WFE spending will increase by 13%, 20%, and 15% in 2026, 2027, and 2028, respectively. The revenue share of domestic equipment manufacturers in China's WFE market will rise from 31% to 38%. Despite the rising localization rate, global equipment suppliers remain key beneficiaries of China's capacity expansion in advanced processes. Goldman Sachs recommends Applied Materials, Lam Research, and Onto Innovation.
Odaily News: Ethereum client Besu has fixed 5 security vulnerabilities discovered by blockchain security firm CertiK in version 26.7.1 released on July 27, and published 4 detailed security advisories on August 14. Vulnerability details were disclosed after a delay to allow node operators to complete upgrade deployments.Jialiang Chang, Director of Security Engineering and Senior Audit Partner at CertiK, stated that the arrangement of releasing patches first and details later provided an 18-day buffer period, allowing node operators to identify affected deployments, test new versions, and coordinate with validators or consortium participants to complete upgrades.The vulnerabilities involve block broadcast handling, caching of future-height consensus proposals, WebSocket subscription limits, and JSON-RPC filter creation. If left unpatched, attackers could exhaust node memory or thread resources, impacting node availability and consensus processing.Using the Chain Scan methodology, CertiK conducted adversarial testing on peer-to-peer, HTTP RPC, WebSocket RPC, and consensus interfaces in a private multi-node test network, and provided reproducible testing tools to the Besu team. CertiK is updating Chain Scan to expand round-the-clock multi-node testing on public chain networks. (Bitcoin.com News)
The Ethereum Foundation announced on Twitter that it will sponsor the inaugural Workshop on Privacy-Preserving Technologies (WPPT 2026). The workshop is an affiliated event of Asiacrypt 2026 and will be held in Hong Kong in December 2026. Organized by staff from the Ethereum Foundation, it focuses on topics such as ZK, MPC, FHE, PIR, privacy identity, blockchain privacy, and practically deployed privacy systems, aiming to connect theoretical research with practical applications. Official calls for demonstration papers are now open; submissions require abstracts of no more than three pages, with a deadline of September 25.
Odaily News: Fintech institution Responsible Fintech Institute (RFI) and crypto asset custody infrastructure provider Safeheron have announced the launch of a pilot for quantum-resistant digital asset wallets and on-chain transfers, with participants from Europe, the Middle East, and Asia. The pilot runs on the quantum-resistant NEAR testnet and utilizes a multi-party computation protocol supporting the ML-DSA-65 standard.Participating regulators include Abu Dhabi Global Market, Bhutan's Gelephu Financial Services Office, and Malta's Financial Services Authority, with Bison Bank and DK Bank participating as financial institutions. Banks will test wallet generation and transfers in a shared application environment, with regulators observing in the initial phase and later participating in governance workflows.The organizers plan to publish a whitepaper covering research, protocol design, and test results, and will gradually open-source the underlying technology. The Hong Kong Monetary Authority plans to fully prepare Hong Kong's banking sector for quantum security risks by 2030, while a 2025 report from the Bank for International Settlements recommends that financial institutions migrate to quantum-resistant systems in phases. (Cointelegraph)
Odaily News - Investment manager Lawrence Lepard, author of The Big Print, stated that even if the CLARITY Act (Digital Asset Market Clarity Act) passes the Senate with 60 votes, stablecoin demand will not be sufficient to improve the current state of the U.S. Treasury market.He noted that the current stablecoin market cap stands at approximately $255 billion, primarily backed by U.S. Treasuries purchased by Circle and Tether, down from $263 billion in January. The U.S. Treasury needs to roll over more than $8 trillion in debt annually, with stablecoins covering only about 3% of that amount.In 2025, the share of U.S. debt held by foreign entities has dropped to 32%, down from 57% after the financial crisis. Coinbase Chief Policy Officer Faryar Shirzad stated that dollar-backed stablecoins could convert overseas demand for digital dollars into demand for U.S. Treasuries. (Bitcoin.com News)
at last week's Pop Mart 2026 interim results briefing, founder Wang Ning stated: "The first half of 2026 has been a particularly special period for Pop Mart. Despite pressure and challenges, we still delivered a satisfactory performance, achieving over 20% growth in the first half. Our IP matrix and organizational health have improved significantly, new businesses such as the theme park and desserts have exceeded expectations, and the brand's global awareness, favorability, and reputation continue to rise. Management maintains long-term confidence in the Group's future development."He added, "The challenges this year may be greater than we anticipated, but we are confident in overcoming short-term difficulties. Over the next six months, we will launch a share buyback program of no less than 2 billion yuan and no more than 5 billion yuan, which also demonstrates our growing confidence in the company's long-term development."
Odaily News: Last week, Pop Mart officially released its semi-annual financial report, which showed that the company achieved revenue of RMB 17.17 billion in the first half of the year, a year-on-year increase of 23.8%. Adjusted net profit was RMB 5.16 billion, with a net profit margin of 30% and a gross margin of 69.7%.Six major IPs—THE MONSTERS, Xingxing Ren (Star Man), CRYBABY, DIMOO, SKULLPANDA, and Hirono Xiaoye—each exceeded RMB 1 billion in revenue, while 11 IPs surpassed RMB 100 million. Classic IPs continue to grow upward, new IPs show strong momentum, and the IP matrix remains rich and diversified: the THE MONSTERS family, home to LABUBU, continues to thrive, leading with revenue of RMB 4.45 billion. Xingxing Ren emerged as the fastest-growing IP, generating RMB 2.65 billion in revenue with a growth rate of 580.6%.During the reporting period, Pop Mart operated 676 offline stores and 2,827 robot vending machines globally, with cumulative registered members worldwide surpassing 100 million. Revenue in the Chinese market reached RMB 12.2 billion, achieving 47.3% growth. The Asia-Pacific market contributed RMB 2.58 billion, the Americas market RMB 1.89 billion, and Europe and other regions RMB 510 million.
Bitget launches a Crypto vs. Stock Futures Trading Competition, running from August 24 to August 31. During the event, users who reach specified thresholds with their cumulative crypto and stock futures trading volumes will earn lucky draw entries, with a maximum prize of 100 USDT per draw. Additionally, users can separately participate in trading tasks for either the crypto or stock futures track. The two tracks are calculated independently, with a maximum reward of 500 USDT per track. Users ranking in the top 10 based on total cumulative trading volume will receive ranking prizes, with the champion exclusively winning 1,000 USDT. For more details, please refer to the Bitget official platform.
Renowned gold bull and economist Peter Schiff posted on social media to refute Bitcoin advocates' strategy of bundling artificial intelligence (AI) with Bitcoin for speculative trading, bluntly stating that AI poses a threat to Bitcoin rather than offering any benefits. Schiff pointed out that AI and Bitcoin compete directly for speculative capital, electricity, and data center resources. More critically, AI could uncover vulnerabilities in Bitcoin's code, cryptographic algorithms, wallets, or network that remain undetected by humans, thereby undermining the foundations of its security and scarcity.
Alibaba Cloud's video generation model Wan3.0 officially launched today, capable of generating 30-second videos in a single run and for the first time supporting input from document formats such as doc, xls, ppt, pdf, and md. Since the public beta began over ten days ago, the model has continuously evolved in areas including instruction following, cross-shot consistency, audio quality, and video editing. For API pricing, 480P, 720P, and 1080P are priced at 0.3 yuan/second, 0.6 yuan/second, and 1.2 yuan/second, respectively, with a limited-time 30% discount from August 24 to September 23.
In its published analysis, BIT notes that Bitcoin is experiencing its strongest rally since the collapses of Silicon Valley Bank and Signature Bank in March 2023. During that period, US authorities implemented emergency measures to stabilize the banking system, and the current market sentiment mirrors that era—the recent interventions by the US Treasury in the Japanese yen FX market and bond markets have heightened investor expectations for further macroeconomic policy support. Meanwhile, the SEC's proposed regulatory framework for crypto assets has sent increasingly favorable signals, further bolstering market sentiment. BIT's official Chinese-language analysis indicates that Bitcoin has regained its upward momentum, aligning closely with the scenarios discussed in research over the past several weeks.
Term Labs 发文更新漏洞事件进展。目前所有 Term Meta Vault 已关闭，DAO 治理角色已被撤销。此关闭不可逆，永久禁止进一步存款，但提款仍开放。本次事件涉及 Term Vault 治理。底层 Term 协议及其直接借贷市场尚未受到影响，团队正在继续核实影响范围。若仍存在资金缺口，团队将寻找解决途径。 此前消息，据 CertiK 监测，Term Finance 于昨日遭遇治理攻击，损失约 850 万美元。
Binance Alpha will list TermMax (TMX) on August 25. After trading opens, eligible users may visit the Alpha events page to claim the airdrop using their Binance Alpha points. Further details will be announced separately.
According to Sina Finance, demand for Anthropic's flagship high-priced AI model, Fable5, has stalled. Data analysis by Lamp on the AI spending of 70,000 enterprises shows that over two months since its release, corporate expenditure on this model accounts for only 11% of Anthropic's total model spending. The Financial Times points out that this disruptive shift breaks the industry convention of enterprise users previously prioritizing the most powerful models. Analysts and investors cite the core reasons as Fable5's steep pricing, along with the fact that existing models are already sufficient for most enterprise business needs. If this trend continues, the business model of AI companies investing billions in R&D to train large-parameter, highly complex models may face a fundamental transformation. Miles Clements, a partner at venture capital firm Accel—which invested $1 billion in Anthropic—stated that the vast majority of users do not require cutting-edge large models, and an era of customers blindly chasing top-tier models is unsustainable. He predicts that while breakthrough advances in AI performance are still needed to achieve high-difficulty objectives like disease treatment, premium large models will increasingly degenerate into mere "showcase pieces" for demonstrating technical capabilities. Lamp data indicates that since Anthropic's smaller-parameter but highly capable Opus5 launched in late July, enterprise expenditure on it has already surpassed that of Fable5. Industry insiders revealed that the ChatGPT 5.6 version launched by OpenAI in July, with prices far below...
According to Cryptoslate, Pakistan’s Virtual Asset Regulatory Authority (PVARA) has required cryptocurrency exchanges and related service providers already operating locally to enter a new licensing process by September 5, or otherwise cease related business operations. PVARA had previously opened the virtual asset service provider licensing application portal and issued the Virtual Asset Service Regulatory Rules on August 22. Under the regulations, service providers already conducting cryptocurrency business in Pakistan must submit an application for a "No Objection Certificate" (NOC). During the review period, they may continue to provide existing services as long as a complete application is submitted on time. Companies that fail to submit an application by September 5 must halt all regulated services; continuing operations will be considered non-compliant. PVARA clarified that this policy does not constitute a blanket ban on cryptocurrencies, but rather establishes a "comply or exit" regulatory framework applicable to exchanges, custodians, and other entities providing virtual asset services to users in Pakistan.
According to the official announcement, Upbit will list the LIT/KRW trading pair.
Odaily News: Ray Dalio, founder of Bridgewater Associates, stated that the US debt could reach $55 trillion to $60 trillion over the next 10 years. If the fiscal path remains unchanged, a full-blown debt crisis could occur within about 3 years, with a margin of error of plus or minus 2 years.Ray Dalio recommends investors allocate 10% to 15% of their funds to gold, along with a small allocation to Bitcoin, while reducing exposure to debt assets such as bonds. He noted that non-government-issued currencies like gold and Bitcoin may perform relatively well.According to data from the US Treasury Department, as of the end of the business day on August 18, the total public debt balance stood at $40.05 trillion, surpassing $40 trillion for the first time.On August 19, the US Treasury announced an expansion of its long-term liquidity support repurchase program, increasing the maximum single repurchase size for certain 10-year to 30-year securities from $2 billion to at least $4 billion. The measures take effect from September 9 to November 4. (Bitcoin.com News)
Developers have discovered two early-access Claude models from Anthropic, codenamed claude-marshmallow-eap and claude-melon-eap.According to tester feedback, Marshmallow performs better overall than Melon, but neither has yet reached the level of Fable 5. Another tester noted that Marshmallow's conversation experience surpasses that of Opus 5.Previously, Anthropic has repeatedly seen early models named in the "food name + EAP" format. In early July, Claude Honeycomb EAP briefly appeared in Cursor before being removed; on July 24, Anthropic officially released Opus 5, but the company has never confirmed a direct correspondence between Honeycomb and Opus 5.