News linked to both this project and an event.
Moonshot AI employee Randy responded on X platform to White House Office of Science and Technology Policy Director Michael Kratsios’ remarks regarding Moonshot AI using Anthropic’s Fable to distill and develop the K3 model. He stated that Fable made its public debut on July 1, while K3 was launched on July 15. The team trained a brand-new frontier model in just 15 days, a feat worthy of a Guinness World Record.
The Securities and Futures Commission of Hong Kong released the "2025 Asset and Wealth Management Activity Survey", which shows: 1. Hong Kong's total assets under management in 2025 increased by 20% year-on-year to a historical high of 42.2 trillion HKD (5.4 trillion USD), with part of the growth momentum coming from net fund inflows, which surged 193% year-on-year to 2.1 trillion HKD (265 billion USD), marking the third consecutive year of increase; 2. Assets under management for asset management and fund advisory businesses increased by 19% year-on-year to 31 trillion HKD (4 trillion USD); 3. Assets under management for private banking and private wealth management businesses increased significantly by 24% year-on-year to 12.9 trillion HKD (1.7 trillion USD); 4. Net asset value of authorized funds increased by 38% to 2.3 trillion HKD (292 billion USD); 5. Net fund inflows in the asset management and fund advisory business segment surged 330% to 1.38 trillion HKD (177.3 billion USD); 6. The number of institutions licensed to conduct asset management (Type 9 regulated activity) increased by 7% year-on-year to 2,358.
According to Odaily, within the ten days leading up to the World Cup, Polymarket's soccer category trading volume exceeded $2 billion, a 300% increase compared to the previous ten days. The average daily trading volume rose from $53 million before the tournament to approximately $220 million. Meanwhile, last Thursday, Kalshi's open interest reached a record $1.16 billion, surpassing the $1 billion mark for the first time and growing 350% since the beginning of the year.Although Polymarket's open interest levels remained relatively stable during the World Cup, the open interest on Polymarket's U.S. branch only saw moderate growth, failing to reach the highs from April 2026. Kalshi's open interest has grown faster than its trading volume, indicating that its user base holds positions for longer periods and has established larger directional positions. Its CFTC-regulated channel and direct USD deposit gateway have attracted U.S. institutions and high-net-worth dollar investors. (The Block)