News linked to both this project and an event.
Odaily News: UMX (The Unified Market Exchange), incubated by Avenir Group under Li Lin, has announced the launch of an invitation-only public beta.According to the introduction, UMX is positioned as a crypto-friendly securities platform for global professional investors, integrating crypto assets and real securities trading on the same platform to improve capital efficiency in cross-asset trading. During the public beta phase, the platform offers crypto spot, leverage, futures, and options trading, as well as real US stocks, ETFs, and US stock options trading.This public beta focuses on opening the capital flow channel between crypto assets and securities accounts. UMX has designed cross-market fund transfers, financing, and crypto-to-stock conversion mechanisms. Users can use "Convert & Transfer" to automatically convert stablecoins such as USDT into USD and transfer them to securities accounts with one click, or use "Borrow & Transfer" to collateralize non-stablecoin crypto assets to gain purchasing power for trading US stocks, ETFs, and US stock options. After completing fiat account verification, users can also open a personal fiat account under their own name for fiat deposits and withdrawals. Securities holdings can also be converted into corresponding stock tokens via the "Stock-to-Token" function, which can be counted toward crypto trading account margin at a corresponding discount rate, and these stock tokens can also be converted back into the corresponding securities assets.Around cross-asset capital efficiency, the platform has introduced a cross-asset margin mechanism, where eligible wealth management assets can also be used as margin. During the public beta, the platform has also launched BTC and USDT wealth management products, with maximum annualized returns of up to 2.5% and 5.5%, respectively. UMX stated that this model aims to reduce the operational costs incurred by professional investors from frequent fund transfers and fragmented account management, while providing a unified capital and risk management framework for cross-asset allocation.This public beta is invitation-based. Users who have obtained a beta code can complete registration via the UMX official website (umx.com) to experience the currently available products and services; users who have not yet received a beta code can reserve the official version, receive launch notifications, and participate in the early-bird benefits program.
According to Cao Lu, a reporter from First Financial Daily, multiple high-premium LOFs corrected simultaneously during Monday's early trading session. The Global Chip LOF hit the limit down, with its premium rate still as high as 18%; the SDIC Silver LOF plummeted by over 8% at one point during the session, with its premium rate also breaking through 18%. The market volatility stemmed from the draft solicitation of opinions on new LOF delisting regulations jointly released by the Shanghai and Shenzhen Stock Exchanges last weekend, which clarified mandatory delisting scenarios for two types of products, directly targeting chronic issues such as long-existing high-premium speculative trading, liquidity drying up in mini-funds, and price manipulation susceptibility among exchange-traded LOFs. Representatives from Shanghai-based public funds stated that delisting expectations may directly dampen speculative sentiment in current high-premium QDII and commodity futures LOFs.
According to official announcements, Odaily reports that Gate Pre-IPOs Phase 3 project Moonshot AI (KIMI) will officially open subscription on August 11 at 15:00 (UTC+8), with the subscription period lasting until August 13 at 15:00 (UTC+8). This phase introduces KIMI asset certificates, which are mirror notes designed based on changes in Moonshot AI's enterprise value. The subscription price ranges from $105 to $115 per share (subject to final pricing), with the project's implied market value at approximately $50 billion.This phase supports subscription in both USDT and GUSD. Users subscribing with GUSD can also enjoy a 3.8% yield on U.S. Treasury bonds. After the subscription ends, KIMI asset certificates will be fully unlocked and distributed on August 17 at 15:00 (UTC+8), with dedicated market trading expected to open approximately one month after distribution is completed.As the countdown to subscription begins, Gate Pre-IPOs continues to expand participation scenarios for AI, RWA, and innovative assets, providing users with more diversified channels for pre-IPO asset participation.
According to Yonhap News Agency, Samsung Electronics and Japanese carrier NTT DoCoMo announced that the jointly developed "user-customized communication quality optimization technology" based on AI wireless network (AI-RAN) has been successfully verified. The technology learns user movement paths and service usage patterns through AI, predicts the risk of network quality degradation in advance, and automatically switches to the optimal frequency band and network configuration, achieving a stable experience in scenarios such as seamless HD video streaming. In simulation verification on NTT DoCoMo's commercial network and 5G test network, the frequency of service transmission speed degradation decreased from 13.1% to 7.2%, a reduction of nearly half.
Odaily News: The BIP-110-supporting Bitcoin minority fork chain split at block height 961,632, and stalled after mining only 2 blocks in approximately 8 hours. It is now over 80 blocks behind the Bitcoin mainnet. The fork chain inherited Bitcoin's current difficulty, but only approximately 2.53% of recent blocks signaled support for BIP-110, far below the 55% activation threshold required to avoid a fork. Bitcoin only adjusts difficulty every 2,016 blocks, and based on current hash rate, it is estimated that this chain would need approximately 350 days to complete its next adjustment. BIP-110 proposes to temporarily prohibit the inscription of non-financial data such as images and text in Bitcoin transactions. Michael Saylor stated that approximately 99.85% of Bitcoin's hash power remains on the mainnet; since both chains accept identical transactions, transactions on the minority chain could potentially be replayed onto the Bitcoin mainnet.
Odaily News: U.S. banking giant Wells Fargo plans to launch tokenized deposits for select corporate and commercial clients in fall 2026, initially supporting USD and GBP transactions, with plans to expand to more clients and currencies in 2027. Tokenized deposits remain bank liabilities but can enable continuous transfers, programmable payments, faster settlement, and transaction visibility via blockchain. Wells Fargo is not the only bank pursuing this initiative. JPMorgan has already expanded its blockchain-based payment services for institutional clients, and other major financial institutions are developing similar products and shared networks. Meanwhile, the circulation and transaction volume of stablecoins such as USDC continue to grow, and they are already used for settlement across crypto markets, payment networks, and tokenized finance platforms. Tokenized deposits allow funds to remain within the regulated banking system while supporting time-based transfers and condition-triggered payments. Stablecoins, on the other hand, already cover trading, remittance, cross-border payments, decentralized finance, and tokenized asset settlement. Enterprise adoption of both product types will also be influenced by accounting treatment, regulatory rules, and cross-network interoperability.
Odaily News Galaxy Digital and Sharplink have announced the joint launch of the Galaxy Sharplink Onchain Yield Fund. The fund is managed by Galaxy and has secured $125 million in committed capital at launch. Among this, Sharplink provides $100 million in staked ETH treasury backing, while Galaxy contributes $25 million.Galaxy CEO Mike Novogratz stated, "We are entering a new phase of institutional adoption, with capital shifting from passive holding to active participation in blockchain-based markets." Sharplink CEO Joseph Chalom added that the fund represents part of the strategic upgrade of its ETH treasury management.
Odaily News, SharpLink CEO Joseph Chalom has formally opposed Ethereum Improvement Proposal EIP-8363, stating that if passed, the proposal could weaken the DeFi ecosystem, limit institutional interest in Ethereum, and erase a key advantage ETH holds over Bitcoin.EIP-8363, also known as "Tapered Issuance Burn," works by gradually increasing the proportion of consensus layer validator rewards that are burned as ETH staking ratios rise. When approximately 50% of ETH's supply is staked, the reward burn ratio would reach 100%, meaning issuance returns would drop to zero. If passed, the mechanism would be phased in gradually over roughly 18 months.The proposal, introduced earlier this week, has sparked significant controversy. Supporters argue it could limit the scale of ETH staking through market-based means while reducing the dilution problem faced by non-stakers. Proposal authors include Ethereum Foundation researcher Justin Drake, EthCC founder Jérôme de Tychey, and others.However, critics argue the mechanism could disproportionately harm solo stakers and weaken Ethereum's security. Chalom stated that the proposal's authors are all serious researchers and long-term Ethereum supporters, but "well-intentioned people can also be wrong."
Odaily News: Starknet announced the completion of a quantum-resistant signature transfer test. A wallet account using quantum-resistant signature mechanisms completed a real transfer on the Starknet mainnet, with transaction fees of approximately 6 US cents, and the transaction can be queried via a block explorer. This account is currently an experimental, unaudited version intended primarily for research and testing.StarkWare stated that this transfer was made possible by Starknet's account model design. Unlike most blockchains that fix the signature algorithm at the protocol layer, each Starknet account is a smart contract that can autonomously define which signature schemes it accepts. As a result, users can upgrade their wallets from traditional elliptic curve signatures to quantum-resistant signatures without a hard fork, without migrating assets, and without changing their addresses.StarkWare pointed out that most blockchains face quantum computing risks because both wallet signatures and the underlying verification systems rely on elliptic curve cryptography. Once large-scale quantum computers emerge, running Shor's algorithm could break the associated cryptographic systems. Currently, the Starknet ecosystem already supports a quantum-resistant signature scheme based on Falcon-512, which is part of the NIST post-quantum cryptography standardization framework. The relevant implementation has been advanced by ecosystem teams and organizations such as OpenZeppelin.
According to EU-Startups, Cyprus-based enterprise AI customer service company Omilia announced the completion of a €58.1 million (approximately $67 million) Series B financing round led by Expedition Growth Capital. The funds will be used to accelerate business expansion in North America and globally, with plans to open its first U.S. office in the second half of 2026. Founded in 2002, Omilia focuses on providing self-learning agent CX solutions for enterprise call centers using its proprietary voice AI technology, and the platform supports compliance standards such as FedRAMP, PCI-DSS, SOC 2, HIPAA, and GDPR.
According to official news from the decentralized stablecoin USDD, DeFi protocol Pendle has integrated PT-sUSDD into its PT Looping module. Users can complete looping operations with one click through the Pendle interface without the need for cross-platform operations. Currently, the looping APY for PT-sUSDD in the Morpho/USDT market can reach up to 20.87%. According to the introduction, the PT Looping module is based on the PT-sUSDD/USDT and PT-sUSDD/USDC markets on Morpho. This integration aims to significantly enhance capital efficiency for USDD holders, combining the fixed income and borrowing capacity of PT-sUSDD to form a robust yield portfolio. The official team reminds users to participate according to their own risk preferences.
According to the latest trading data disclosed by Ark Invest, funds under Cathie Wood sold a total of 109,492 shares of Palantir (PLTR) on August 4 and 5, valued at approximately $17 million based on the latest closing price.Palantir previously reported second-quarter revenue of $1.94 billion, up 93% year-over-year, and raised its full-year guidance, driving the stock up nearly 30% in a single day after the earnings release. In addition, Cathie Wood has recently increased positions in Circle (CRCL), SpaceX (SPCX), and NVIDIA (NVDA), while reducing holdings in Shopify (SHOP) and Roblox (RBLX). (The Street)
Odaily News: Bank of America reiterated its "Buy" rating on SpaceX after its earnings report, maintaining a price target of $235, roughly 87.5% above the post-earnings reference price of $125.33. Bank of America believes its bullish thesis is no longer primarily based on the rocket launch business, but rather on the AI infrastructure business.Bank of America projects SpaceX's AI business revenue will approach $24.5 billion in 2026, accounting for more than half of the company's total revenue forecast. Meanwhile, revenue contributions from the partnership with Anthropic began in May this year, while the compute collaboration with Google is expected to commence in October this year. As a result, Bank of America has raised its financial forecasts for the coming years: the 2026 revenue estimate has been raised by approximately 15% to $46.9 billion; the 2027 revenue estimate has been raised by approximately 29% to $100.7 billion; and the 2028 revenue estimate has been raised by approximately 29% to $184.8 billion.However, Bank of America also expects that as capital expenditures continue to expand, SpaceX will maintain significantly negative free cash flow in the coming years. Its projections are: -$43.6 billion in free cash flow for 2026; -$45.4 billion for 2027; and -$37.4 billion for 2028. (The Street)
Western Digital Chief Product Officer Ahmed Shihab published a long article pointing out that as AI infrastructure expands rapidly, the core competition in the storage field should not be simply reduced to a contest between Flash and Hard Disk Drives (HDD), but lies in whether an AI storage architecture with long-term economic scalability can be built. The AI industry is currently facing a key question: whether the storage architecture chosen this year can support future data scale growth to the PB level or even the EB level. Many AI infrastructure designs do not fail due to insufficient performance, but fall into cost dilemmas after data scale expands. Ahmed Shihab added that Flash and HDD are not in a competitive relationship, but are complementary technologies for different workloads. High-performance scenarios, such as model weights, GPU spillover, KV cache, etc., require low-latency Flash support; while long-term storage needs such as training datasets, logs, checkpoints, compliance records, and large-scale historical data are more suitable for adopting HDDs with cost advantages. Storage architecture in the AI era will be more layered, rather than relying on a single storage medium. "Flash handles performance at critical moments, HDD handles data lifecycle. The direction of future AI storage development is not 'Flash replacing HDD', but precise layering based on different data lifecycles and business requirements." "True infrastructure is not about pursuing dazzling performance, but a reliable foundation capable of supporting long-term AI growth." US stock market trends show, Western Digital
Odaily News Jiaxian Communication related personnel responded to Tongyu Communication's clarification announcement, stating that in March 2026, NVIDIA's AI-RAN technical team visited Jiaxian Communication, and both parties exchanged views on the AI-RAN technology roadmap. During the exchange, NVIDIA recommended that Jiaxian Communication use the CUDA Aerial open-source platform for AI-RAN base station system R&D. Since then, Jiaxian Communication has initiated pre-research and validation of AI-native 5G and 6G base station technologies based on the CUDA Aerial ecosystem, and related work has been steadily progressing for nearly six months.The aforementioned personnel stated that both parties have now established a regular technical working group to maintain communication on related technology R&D and validation. More than ten technical personnel from NVIDIA, from regions including Mainland China, Hong Kong, and Singapore, are participating in the working group. (Jiemian)
Mersinger pointed out that the bill explicitly prohibits the portion of stablecoin holding rewards equivalent to bank deposit interest, but allows reward mechanisms based on user activity, consistent with the credit card points model; regarding DeFi regulation, Section 10301 of the bill requires the SEC to establish rules for protocols that are "nominally decentralized, substantially controllable," rather than exempting them, while Section 10201 has incorporated digital commodity brokers into the full reporting obligations under the "Bank Secrecy Act" and allocated $3 billion to support state-level enforcement, contrary to the "Wall Street Journal"'s claim of "inadequate regulation of illicit finance."
Bybit announced that its Dual Asset investment product has added four xStocks tokenized US stock underlying assets: METAx, TSLAx, HOODx, and CRCLx. Currently, Bybit Dual Asset supports the 10 most popular xStocks on the Bybit platform, providing users with a richer selection of tokenized US stock structured investment options. The newly added underlying assets cover popular sectors such as artificial intelligence, smart electric vehicles, fintech, and stablecoins, further enriching users' options for allocating yield strategies around different market themes. Dual Asset is a non-principal-protected structured yield product launched by Bybit. Users can independently select the underlying asset, target price, and investment term based on their judgment of the future price trend of the underlying asset, earning potential returns while maintaining market views. The product supports three investment terms: 8 hours, 1 day, and 7 days, with a single subscription amount ranging from 30 to 200,000 USDT. At maturity, the system will settle in the corresponding asset based on the performance of the underlying asset price relative to the target price and pay the agreed yield to the user. This product is suitable for users who wish to generate potential returns in range-bound markets, or who wish to buy or sell target assets at ideal prices. With the addition of these four underlying assets, Bybit Dual Asset provides users with more opportunities to construct yield strategies around popular US stocks.
According to the official page, Robinhood-owned CEX Bitstamp has just listed CASHCAT, a meme coin on the Robinhood chain. As of press time, CASHCAT is trading at $0.1123 on Bitstamp, while GMGN data shows CASHCAT is currently at $0.132 on-chain, up 48% in the past 24 hours. An official detailed announcement post from Bitstamp has not yet been seen, but the page indicates that trading functionality is already live. In early June, Robinhood announced the completion of its $200 million cash acquisition of Luxembourg-based cryptocurrency exchange Bitstamp.
According to DealStreetAsia, Singapore-based AI infrastructure startup Acrab has announced the completion of a $130 million Series B funding round, led by existing investors Vertex Ventures Southeast Asia & India Fund and Vertex Growth, with new investors participating. The specific identities of the new investors and the valuation for this round remain undisclosed. Upon completion of this round, Acrab's cumulative fundraising total has exceeded $480 million, including capital raised prior to its official public launch earlier this year. Established in 2024, Acrab specializes in developing a full-stack AI computing platform integrating custom chips, edge AI models, and software orchestration capabilities to support AI agents in executing tasks in real-time.
Odaily News - According to an official announcement, global digital asset trading platform Gate will launch the third phase of Pre-IPOs project subscriptions, focusing on AI enterprise Moonshot AI, offering KIMI asset certificate subscription services.The KIMI asset certificate is a Mirror Note designed based on changes in the enterprise value of Moonshot AI. The subscription period runs from 15:00 on August 11, 2026, to 15:00 on August 13, 2026 (UTC+8), with a subscription price of $105-$115 per share (subject to final pricing results). The project's implied market value is approximately $50 billion, supporting subscription in both USDT and GUSD, with GUSD subscriptions additionally earning a 3.8% yield on demand U.S. Treasury bonds.After the subscription concludes, KIMI asset certificates will be fully unlocked and distributed at 15:00 (UTC+8) on August 17, with dedicated market trading opening approximately one month after distribution. Trading fees on the dedicated market are 0.5% maker fee and 1.5% taker fee. Additionally, this project charges a 5% underwriting service fee. Should excess returns be generated in the future, a 20% performance fee (Carry) will be charged on the profitable portion.The launch of the Moonshot AI (KIMI) project marks an important step in Gate's continued exploration of AI, RWA, and innovative asset service scenarios. Going forward, Gate will continue to expand more diverse asset participation channels, driving further integration between the digital asset ecosystem and traditional financial markets.