News linked to both this project and an event.
According to reports from South Korean media outlet Chosun Ilbo, internet giant Kakao announced that its board of directors has approved a corporate spin-off plan. The company intends to establish a new entity named "Kakao AI" while retaining "Kakao X", with each focusing respectively on artificial intelligence platforms and investments, as well as fintech, content, and mobility services. Under the proposal, the book value of net assets will be allocated between the two companies at a ratio of 36% to 64%. Existing shareholders will receive shares in both entities in proportion to this split. Following the spin-off, Kakao AI will take primary responsibility for KakaoTalk and AI operations. The company plans to upgrade KakaoTalk, which currently serves approximately 50 million users, into an "AI agent-style interface" designed to understand user intent and conversational context. As scheduled, Kakao will convene a special general meeting of shareholders on December 17, complete the corporate separation on January 1, 2027, and proceed with Kakao AI's relisting and Kakao X's change of listing venue on January 27.
Last week, major assets closed higher across the board: July Non-Farm Payrolls -23k severely dampened rate hike expectations, the USD broke below 100, and Gold and Crypto benefited in tandem. BTC/ETH ETF weekly net inflows were $853M/$245M, the third-largest institutional buying week of the year. Core risk this week: 8/12 CPI (08:30 ET), determining the direction of September rate hike expectations. Strategy advances on three fronts: Sell ETH weekly expiry $1,800 P (annualized ~15-20%), Sell HYPE 1D $52 P (annualized ~70%, newly listed on Bybit), Sell XAUT 1D $4,360 C (annualized ~30-60%). All three positions must be reduced to safe levels before CPI.
According to Cryptopolitan, South Korea's Financial Supervisory Service (FSS) has launched a three-month fraud refund system reconstruction project with a budget of approximately 119 million Korean won. This upgrade aims to align with the revised "Telecommunications Fraud Damage Compensation Act" amended on March 31 this year—the bill will officially take effect on October 1, formally incorporating virtual assets into the scope of "damaged property" and "refundable property." The new system will support calculating compensation amounts based on token type and quantity, using the Korean won value at the time funds were frozen as a reference benchmark, while also possessing the ability to disentangle mixed fraud funds across multiple accounts. Major exchanges such as Upbit, Bithumb, Coinone, Korbit, and GOPAX will be required to assume anti-fraud and victim relief obligations equivalent to those of banks at that time, including verifying transaction purposes, monitoring suspicious funds, and freezing suspected accounts.
Odaily News Nvidia CEO Jensen Huang announced that the company has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish an independent financing platform, planning to mobilize over $500 billion in third-party capital over the long term to support AI infrastructure development.Huang stated that the AI industry is transitioning from a phase where "enterprises purchase chips and build data centers project by project" to a new stage where AI factories serve as financeable productive infrastructure. AI computing power is becoming an investable asset, characterized by long-term institutional capital support, repeatable construction, and usage by diverse customers.Nvidia noted that AI factories encompass not only GPUs but also high-speed networking, system software, AI frameworks, and the CUDA ecosystem. Built on globally widely adopted architectures, AI factories can serve different customers, cloud providers, and application scenarios, while possessing strong asset liquidity and residual value.In this collaboration, Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR will independently evaluate specific projects, including customer demand, compute utilization, cash flow, and asset value. Nvidia will provide the AI factory platform, while the financial institutions will handle long-term capital and financing capabilities.Huang indicated that in some projects, Nvidia may provide up to 25% residual value support, but this will be prudently assessed on a project-by-project basis. The mechanism is designed to supplement, not replace, the independent judgment of institutional investors.He believes that AI factories will become the "infrastructure of the intelligent era," much like how electricity, transportation, and communication infrastructure drove past industrial revolutions. Going forward, growing demand for AI computing will create a virtuous cycle where "more compute drives stronger AI, stronger AI generates more revenue, and more revenue further fuels compute demand."
According to CNBC, Nvidia has signed a memorandum of understanding with Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR to jointly establish a financing platform for Nvidia customers, aiming to mobilize over $500 billion in third-party capital for hyperscale data center construction and Nvidia hardware procurement. Nvidia CEO Jensen Huang characterized this as the first time AI chips have become an "investable asset class," stating they possess revenue-generating capabilities, long service lives, and can be transferred across customers, while analogizing compute infrastructure to electricity and the internet. BlackRock CEO Larry Fink defined the project as the "next future of financial engineering" following the securitization of mortgages in the 1970s, and stated that more funds would be raised as soon as possible. Goldman Sachs CEO David Solomon revealed that this collaboration was initiated by Jensen Huang. Currently, some funds have already been raised; the parties will provide financing support for GPUs and data centers through institutional credit, insurance capital, and private capital, helping end users complete AI infrastructure construction without tapping their own balance sheets.
Odaily News: Major U.S. financial institutions continue to advance on-chain operations. JPMorgan is tokenizing ETF holdings through a production pilot with the Depository Trust & Clearing Corporation (DTCC), with over 50 companies including BlackRock and Goldman Sachs already connected to the same infrastructure for tokenizing equities and U.S. Treasuries. BlackRock's CEO stated that tokenization is a way to "update the plumbing of the financial system." Bullish Exchange's Head of Clearing and Group Risk, Randi Abernethy, testified before the U.S. House Financial Services Subcommittee regarding the CLARITY Act in July 2026.
According to Reuters, citing people familiar with the matter, Alibaba plans to introduce commercial terms next week for the next-generation open-source, open-weights AI model Qwen3.8-Max, proposing to require revenue sharing from customers who sell the model as a service and reach a certain scale. The report states that Alibaba previously mainly charged for model usage hosted on its cloud platform, while most open-source models can be used for free when deployed in customers' own data centers.
Odaily News: Bitcoin's BIP-110 will enter the enforcement phase after block 961,632, where nodes will reject blocks that do not signal support. Monitoring page data shows that among the 1,674 blocks counted in the current cycle, only 41 blocks support BIP-110, putting the miner signal support rate at 2.45%. BIP-110, officially named "Reduced Data Temporary Softfork," plans to tighten certain data rules in Bitcoin transactions within approximately one year, restricting the size of certain data elements used by Ordinals inscriptions and multiple token protocols. The proposal is primarily distributed through Bitcoin Knots, and Bitcoin Core has not adopted it. Major mining pools such as Foundry, Antpool, F2pool, and Viabtc have not issued support signals. If BIP-110 nodes execute as planned, the network could see two transaction histories, with the majority of miners and Bitcoin Core users expected to continue using the existing rules. Australian Bitcoin exchange Hardblock stated that BIP-110 activation is expected around August 7-8 and may temporarily suspend buying, selling, deposits, and withdrawals. Lightning Network tools and analytics provider Amboss has warned of a fork risk in early August, and Australian Bitcoin exchange Bitaroo plans to freeze deposits and withdrawals as the mandatory signaling deadline approaches.
According to IT Home, ByteDance announced on July 30 the launch of an organizational structure adjustment focused on AI enterprise services. This restructuring merges the Feishu product team into the Doubao product team, under the unified management of Doubao head Zhao Qi; simultaneously, the Feishu GTM team will be integrated with Volcengine to establish a new ToB GTM organization "Creativity Service Platform", led by Volcengine head Tan Dai, who will oversee the marketing, sales, and customer service for ByteDance's cloud services including MaaS and SaaS. Following the restructuring, Doubao Enterprise Edition will natively integrate the Feishu ecosystem, covering all office scenarios such as documents, spreadsheets, meetings, and group chats, and has currently begun internal beta testing with selected Feishu customers.
Odaily Odaily News: The Bitcoin BIP-110 forced signaling window will open at block height 961632, expected around August 9, 2026. As of 8:40 AM (EDT) on July 27, the chain height is 959842, approximately 1790 blocks away from this activation block. The current BIP-110 signaling support rate is around 2.64%. BIP-110, officially named "Reduced Data Temporary Softfork," proposes to limit the size of certain data fields within Bitcoin transactions, targeting Ordinals-like inscriptions, large OP_RETURN payloads, and similar high-data-volume use cases. If activated, the restrictions will take effect at block 965664 and automatically expire after 52,416 blocks (approximately one year). Current signaling support primarily comes from Ocean, independent miners, and small-scale operators. Major mining pools such as Foundry, Antpool, ViaBTC, and F2pool have not yet switched to supporting the proposal. Foundry has requested clients to vote based on their average hashrate; only when “support” votes exceed 51% of the participating weighted hashrate will the pool switch all its blocks to signaling support. If the current signaling level persists until block 961632, nodes enforcing BIP-110 will reject blocks that have not signaled version bit 4 and will instead follow the minority of blocks that do signal. Unupgraded nodes will continue to accept both signaling and non-signaling blocks, and will follow the chain with the most cumulative proof of work.
CryptoQuant analyst Axel Adler pointed out in a weekly report analysis that the US 10-year Treasury yield has recently risen to approximately 4.7%, approaching the upper limit of the range over the past five years. The high-interest rate environment is tightening financial conditions, raising financing costs and asset discount rates, and increasing pressure on risk assets.
According to the official press release, Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, nine leading financial institutions and Bitcoin companies, jointly announced the establishment of the Bitcoin Security Consortium on July 23, 2026. The members independently committed to contributing a total of $15 million over the next three years to support long-term security research for the Bitcoin network, with a focus on development work in the field of post-quantum cryptography. The consortium's daily affairs are coordinated on a voluntary basis by Brink Executive Director Mike Schmidt; it will not intervene in protocol development or specific change decisions and will regularly release Bitcoin security status reports to investors and the public.
Odaily Planet Daily reported that South Korean cryptocurrency exchange Coinone announced on July 22 that it had received approval from the Korea Financial Intelligence Unit (FIU) to complete its major shareholder change declaration, formally establishing a new shareholder structure centered around Korea Investment & Securities, OKX Ventures, and Com2uS Holdings. Coinone stated that it will leverage the enhanced compliance and technical capabilities of its new shareholders to upgrade digital asset trading services and accelerate its transition into a comprehensive blockchain financial platform. (EDaily)
KPMG today released the latest "Hong Kong Asset Management and Private Equity Outlook" report, noting that reforms to the Hong Kong market's fund tax exemption regime and carried interest tax concession regime are expected to attract a new wave of regional and global asset management companies to establish a presence in Hong Kong. Under the new regime, eligible carried interest and performance fees will enjoy an effective tax rate of 0%, whether at the corporate level or at the individual level of employees stationed in Hong Kong.
Base announced that Cobalt will launch in September, with key features including Sponsorship, Batch Calls, and Session Keys. Among these, Sponsorship allows applications to sponsor transaction fees for users, enabling free Gas; Batch Calls supports bundling multiple transactions into one, reducing operational steps; Session Keys allow users to authorize applications to sign transactions on their behalf within a specific scope, reducing repeated authorizations.
It is reported that Bybit has officially launched the RLUSD holdings interest campaign. Holding a minimum of 1 RLUSD earns a fixed 7% APY, with no subscription required and no locking period. RLUSD is a USD-backed stablecoin issued by Ripple, natively issued on blockchains such as XRP Ledger and Ethereum. It is fully backed by independently custodied cash and cash equivalent reserves and can be redeemed for USD at a 1:1 ratio. Campaign Highlights: • No threshold to participate, earn simply by holding, and enjoy exclusive hidden benefits for long-term holdings • 7% fixed APY, automatically distributed daily • 50,000 RLUSD Trading Competition launched simultaneously: Participate in the ranking by trading with RLUSD as UTA margin This campaign stacks holding yields + trading competition prize pool + long-term benefits, enabling users to enjoy triple benefits simultaneously. Trading Competition: https://www.bybit.com/promo/campaign/RLUSD_Trading_Competition
David Sacks, Chairman of the President's Council of Advisors on Science and Technology, stated on the X platform that using regulatory uncertainty as a competitive tool is "completely unacceptable," and regulatory decisions should be based on facts, logic, and evidence, rather than deliberately creating fear and uncertainty (FUD). He is unsure whether venture capitalist and AI policy researcher Dean Ball is admitting to a "regulatory capture" strategy or merely predicting its occurrence, but in any case, leveraging regulatory agencies to issue "soft law" warnings, creating market panic, and thereby forcing regulated companies to stay away from Chinese open-source models should not be tolerated.David Sacks pointed out that Dean Ball believes there is no need to directly ban Chinese open-source models; simply guiding regulators to issue relevant warnings can influence corporate decisions by generating enough doubt and uncertainty, and these reasons "don't even need to be very solid."In response, Sacks argued that any regulatory decision must be well-founded, rather than implementing policies in disguise through "manufactured doubt." He warned that bypassing public deliberation processes in this way would not only erode the foundation of the rule of law but could also open the door to future regulatory abuses targeting any enterprise or individual.Sacks further stated that AI policy is currently at a critical turning point. Major closed-source labs, which have already formed a duopoly in AI model revenue, are now attempting to use government power to eliminate open-source competitors.He called on other companies and developers in Silicon Valley that still support open competition to take a clear stance and jointly safeguard an open ecosystem in the AI field.
Bitwise released a report stating that while crypto asset prices fell by approximately 36% in the first half of 2026, crypto-related stocks rose by 23%. This performance trailed only emerging market stocks, outpacing all other major asset classes. Bitwise Head of Research Ryan Rasmussen noted that the 30 crypto-related publicly listed companies in the Bitwise Crypto Innovators 30 Index outperformed the U.S. stock market by a factor of two, driven by factors including AI computing demand benefiting mining companies, stablecoin issuers, and asset tokenization platforms.Furthermore, according to Token Terminal data, the top ten crypto applications generated cumulative revenue of $5.9 billion over the past 12 months. PancakeSwap, Hyperliquid, and Aave ranked in the top three, with cumulative revenues of $923 million, $912 million, and $877 million, respectively.During the same period, the scale of tokenized real-world assets reached $33 billion in the second quarter, an increase of 45% from the beginning of the year; open interest in prediction markets hit an all-time high of $1.8 billion, with quarterly trading volume reaching $43 billion. (The Block)
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on platform X, stating that he interviewed the female head responsible for driving DTCC's work related to Trillions. The episode is scheduled to be released later today. He expressed a preference for a "tokenized" future, noting that this process will not happen overnight or be fully realized; DTCC's advancement on this matter is a significant development.
OpenClaw founder Peter Steinberger posted on X that OpenClaw has officially released version v2026.7.1. This update was completed jointly by 532 contributors, with a cumulative total of 3,063 commits. Major updates include: comprehensive restructuring of the Web UI and new user onboarding process, significant optimization of iOS / Android / macOS clients, improved integration capabilities for Telegram, Slack, Discord, and iMessage, and added support for models such as GPT-5.6 and Muse Spark 1.1. In addition, this version simultaneously upgraded the Node version to fix automatic updater issues. If the automatic update fails, the upgrade can be completed manually via the Web installer.