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Social Meme Trading Platform "Baola" Secures Investment from Gate Ventures, Now in Beta Testing
Odaily News — Recently, Baola, a social Meme trading platform strategically invested by Gate Ventures, has entered the product beta testing phase. Positioned as a social trading platform for the Meme market, Baola explores the integration of social content and Meme trading across areas including trend discovery, market information tracking, community interaction, and trading participation.According to official introduction, Baola's brand proposition is "Your next Meme is on Baola," aggregating information such as trending calls, KOL activity, on-chain trading data, and community interactions. Users can view callers, token mention counts, market cap at the time of calling, and subsequent peak performance, and discover active market participants through features like KOL rankings and Callout leaderboards, gaining multi-dimensional insights into market trends and participant performance.In terms of community interaction, Baola supports users in independently publishing calls and market opinions, and continuously following callers of interest through the Follow feature. The platform also combines KOL public calls with on-chain trading activity, providing information on historical calls, recent performance, and buy/sell behavior, further connecting opinion sharing, trend discovery, and trading participation.Currently, Baola has entered the product beta testing phase and continues to refine the social trading experience in the Meme space. Users can visit the official website (https://bao.la/) for more details.
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Financing debt rises to $1.53 trillion, U.S. investors increase leverage to chase highs
crypto KOL Phyrex posted on platform X, stating that U.S. investors are pursuing stock market highs with increasingly high leverage. As of June, the net credit balance of U.S. brokerage accounts fell by approximately $70 billion in a single month to a negative $1.061 trillion, hitting a record low. During the same period, margin debt increased by about $86 billion to $1.53 trillion, rising for the third consecutive month and setting a new record.Phyrex pointed out that the continuous deterioration of the net credit balance indicates that investors' cash buffers are shrinking, and their dependence on borrowing to maintain stock positions is increasing. Currently, leverage in the U.S. market is widespread across the entire brokerage system. During an uptrend, rising stock prices increase account net worth, which can further release margin capacity, creating mechanical buying pressure. However, once the market weakens, margin pressure may force investors to add cash or sell stocks, turning the leveraging capital that previously fueled the rally into mechanical selling pressure. Phyrex believes that the U.S. stock market is currently facing both high valuation and high leverage conditions. If the influx of new funds slows down, leveraged positions could further amplify market volatility.
海力士 ADR 引爆市场分歧，火币 HTX 将直播解析 AI 芯片投资新逻辑
据官方社媒消息，火币 HTX 将于今日 20:30 举办“AI 芯片信仰的第一次大考：海力士 ADR 三日游，从暴涨 13%到韩股熔断”主题直播。届时，MEJ 毛毛姐、77、真诚小道士、柒吻等加密 KOL 将受邀出席，围绕 SK 海力士 ADR 上市后股价剧烈波动、AI 芯片板块高估值逻辑是否迎来首次压力测试，以及 AI 算力产业链未来投资机会展开深度探讨，并结合全球科技股走势与加密市场资金轮动趋势，为投资者解析 AI 叙事下一阶段的交易主线。
Meta (META): Multiple KOLs Bullish, $1.7 Trillion Market Cap Possibly Undervalued
According to monitoring by the BlockFlow KOL Opinion Aggregation Platform, Meta Platforms (META) is currently priced at $669.21. Multiple KOLs are unanimously bullish, believing that given its massive user base across multiple platforms and AI infrastructure build-out, the $1.7 trillion valuation is cheap.
Phyrex Breaks Down Bitget rToken: Core Value Lies in Asset Composability, Breaking RWA Liquidity Silos
Crypto KOL Phyrex published a systematic analysis of rToken issued by Reality under Bitget, arguing that rToken should not be merely understood as "tokenized stocks." Its core value lies in achieving asset composability upon integration with a unified account, breaking the limitations of RWA liquidity silos. Phyrex provided an in-depth breakdown of three directly implementable trading strategies: amplifying US stock directional exposure, Delta Neutral arbitrage, and staking-borrowing loops. For institutions, the core value of rToken lies in three major mechanisms: direct order connection to the US stock order book to eliminate de-pegging risk, UTA unified account cross-margining to improve asset efficiency, and weekend collateral valuation pegged to Friday's closing price to ensure controllable risk. This ultimately enables managing Crypto, stock tokens, and derivative positions within a single account, reducing costs associated with multi-platform rebalancing and fund transfers.
Policy Volatility Coupled with Rate Hike Expectations: HTX Goes Live Focusing on the $75,000 Long-Short Battle for BTC
According to official social media announcements, HTX will host a live stream at 8 PM today titled “The Clarity Act Stalls, Fed Rate Hikes Weigh Heavily: Is the $75K $BTC Defense Line a Bear Factor Clearance or the Eve of a Breakdown?” Crypto KOLs including Chan Ge, Damo Ge, 0x31ad, FoodieNotAfraidOfFat, and Zizi will join the broadcast to discuss developments surrounding the Clarity Act, expected Federal Reserve monetary policy shifts, and their impact on cryptocurrency market liquidity. Building on BTC’s recent price action, the session will closely examine the long-versus-short dynamics around the critical $75,000 support level and outline the key variables that could shape market conditions going forward.
Opinion: Three "Sinners" Sank CLARITY, and Trump Is the Chief Culprit
overseas crypto KOL Brady Dale posted on X, stating that three individuals are to blame for the failure of the CLARITY Act.The first chief culprit is Trump, whose sin lies in launching a token, making moral justice the ultimate core point of contention.The second chief culprit is Republican Senator Tim Scott, whose sin lies in stubbornly insisting that the Senate waste enormous time cooking up its own version, squandering what little momentum the earlier GENIUS Act had painstakingly built up.The third chief culprit is Republican Senator Cynthia Lummis. As early as last fall, I already felt this whole thing was doomed.
September Policy Expectations Shift Again as Huobi HTX Livestream Focuses on BTC's Critical $80,000 Battle
According to official social media channels, Huobi HTX will host a live broadcast today at 20:00 titled “ADP Surprise, Non-Farm Payrolls Counter Expectations, September Rate Hike Hinges Solely on CPI: $80K Level for $BTC, a Bull Fortress or a Trap?” At the event, crypto KOLs including DaDa, Zhenrong Shuo, Crypto Big Brother, and Grace will join the livestream studio to discuss the latest US employment data, CPI trends, and the Federal Reserve’s September policy expectations. Integrating current market liquidity and capital sentiment, they will analyze the bull-bear dynamics around the $80,000 threshold for BTC and assess subsequent market opportunities.
0xSun Analyzes the JINQIAN/FAMI Case: On-Chain Meme Coins Drive Up Underlying Stock, Entire Logic Questionable
Crypto KOL 0xSun released an analysis of the JINQIAN/FAMI event that unfolded tonight. An unidentified project team issued the FAMI token on-chain (without compliance backing and with the liquidity pool not locked) and paired it with the meme coin JINQIAN. Since the underlying stock itself carries an extremely low market capitalization, on-chain sentiment triggered a frantic buying spree among retail investors for JINQIAN, which drove up the price of FAMI in the pool. Some retail investors even purchased the underlying stock directly, causing its share price to rally accordingly. 0xSun pointed out that this incident closely mirrors the early Base chain meme coin Bald—both featured unlocked liquidity pools and were entirely devoid of deterministic logic throughout the process. Yet, the final outcome heavily aligned with the ideal trajectory of an "on-chain coin-stock short squeeze," making it a textbook case of "a completely flawed process yielding a perfectly correct result." He warned investors that the certainty surrounding such projects is exceptionally low. Participants must independently weigh the trade-off between "upside potential × probability of good faith" and "total loss × probability of malice," as there is absolutely no 100% certainty guaranteed behind any excess returns.
Ansem: Institutional Funds Turn Bullish, Crypto Market May Have Conditions for a Bottom Formation
According to Odaily, renowned crypto KOL Ansem stated that institutional funds are turning bullish on the market. For example, billionaire Stanley Druckenmiller has bought HYPE, Robinhood has launched its own L2, and hedge fund giant Paul Tudor Jones has increased his Bitcoin holdings. Meanwhile, the crypto regulatory environment has improved significantly, but crypto-native investors remain broadly extremely pessimistic. Ansem believes that the coexistence of institutional bullishness, regulatory improvement, and extreme pessimism within the market constitutes the typical conditions for a market bottom formation.
Macro Shocks Impact Crypto Market, Huobi HTX to Live Stream Analysis of BTC Future Trends
According to the official announcement, Huobi HTX will host a themed live stream today at 20:00 titled "Ceasefire Ends, Oil Price Surges Past 75, STRATEGY Sells Coins at Loss for First Time: Can BTC's Macro Narrative Still Hold?" During the event, crypto KOLs such as HuaBai Blockchain, Sincere Little Taoist, Crypto.0824, and OxPink will gather in the live stream room to conduct in-depth discussions on recent market hotspots such as the fluctuating situation in the Middle East and the strong upward trend in international oil prices, and combine Federal Reserve policy expectations to analyze BTC's future trend as well as crypto asset allocation opportunities and risk management strategies, providing investors with multi-dimensional market observations and trading ideas.
Trader Accuses Multiple Crypto KOLs and Platforms of Token Manipulation, Fake Marketing, and Misuse of User Data
Odaily reports: Trader YokaiCapital has posted allegations accusing multiple crypto KOLs and platforms of token manipulation, rug pulls, fake account marketing, and misuse of user data, involving Pump.fun, Frank, Shadow, Unipcs, Ansem, DipWheeler, orangie, Axiom, BubbleMaps, and InsightX, among others.YokaiCapital claims that the individuals or platforms involved fabricated social media engagement, linked wallets, and fake leaderboard accounts to generate hype, and further alleges that some of those involved secretly controlled the relevant tokens before pumping and dumping them. YokaiCapital also accused Axiom of storing and sharing users' private data, using that information to trade, and charging new launch platforms over $100,000 for listing fees.The above content currently stems primarily from YokaiCapital's unilateral allegations, and the claims await responses from the parties involved and further verification.
KOL @cladzsol lost approximately $600,000, meme coin display pages disguised verification links to carry out phishing
Odaily News: According to monitoring by @insidecalls and @cladzsol, recently multiple popular meme coin display pages have been directing users to phishing pages disguised as "Cloudflare verification." After users follow the prompts, their computer systems download and execute malicious scripts, resulting in on-chain asset theft. The relevant display pages directly reference the official website or social media links in the token metadata, and these fields can be updated by the token creator or individuals later claiming "community takeover."
Rune on Pump.fun Launching MemeStocks: Industry Leaders Should Drive More Innovation Rather Than Continuously Copying Proven Models
Odaily News – Crypto trader Rune (@RuneCrypto_) posted on X, stating that Pump.fun holds over $2 billion in cash, with a valuation of approximately $4.4 billion, making it one of the most influential platforms in the Meme coin market this cycle. However, since launching the Bonding Curve model, its subsequent product expansion has largely been a response to market demand already validated by other teams.Rune cited examples, noting that after Axiom's rise, Pump acquired Padre and renamed it Terminal; after fomo emerged, Pump added social features to compete for KOLs; and now that products combining Meme coins with equity-related assets have appeared on BNB Chain, Robinhood, Stonks, and Base, Pump has launched a similar MemeStocks feature.Rune stated that this strategy is not entirely ineffective—for instance, Padre's market share rose from roughly 2% to 10% after its acquisition. However, as a leading platform with substantial capital and resources, Pump should focus more on creating unvalidated new products rather than continuously replicating existing models. Otherwise, it may weaken the incentive for smaller teams to pursue product innovation, ultimately slowing the industry's overall pace of development.
Two newly created wallets claimed the LAPTOP airdrop and sold for a $600,000 profit.
加密 KOL Rune（@RuneCrypto_）发文表示，LAPTOP 空投领取过程中出现一组存在直接资金往来的新建钱包。新建钱包 0x8DA...A18d 免费领取 4276 枚 LAPTOP 后，将其出售并获得约 40 万美元。 随后，该钱包向另一新建钱包 0xc27...b591 转入 0.02 枚 ETH。后者同样免费领取 4276 枚 LAPTOP，并立即卖出；由于币价已较前一地址卖出时下跌，该笔交易仅获得约 20 万美元。Rune 形容，LAPTOP 的相关链上活动正「变得奇怪」，但未确认两个钱包是否由同一主体控制。
Ignas on Meme Coin Opportunities in the AI Era: LP Strategies May Be Disrupted, But Traders Are Hard to Replace
Odaily News: DeFi researcher Ignas stated on the X platform that when it comes to finding Meme coins in the AI era, the way of trading does not seem to have fundamentally changed. Taking Grok as an example, when asked to recommend Meme coins worth buying, it typically only provides token tickers based on historical data such as views, trading volume, and post counts on the X platform.Ignas believes that true Meme coin trading still requires human judgment as to whether a project has the potential to "break out" and gain mainstream attention, including market sentiment, community atmosphere, narrative appeal, and whether KOLs suddenly start shilling the coin. Compared to asking AI once a day what to buy, staying online 24/7 and capturing shifts in market sentiment still holds an advantage.However, Ignas pointed out that AI is completely reshaping liquidity provision (LP) strategies. He stated that his AI agents can automatically screen liquidity pools and analyze factors such as trading volume, fees, fee trends, liquidity depth, and appropriate price ranges. The relevant strategies are still being refined, but a methodology has already taken shape that can be continuously optimized and generate compounding effects.Ignas believes that if Meme coin trading and being "online 24/7" are not a good fit for you, then leveraging AI to learn and execute LP strategies might be a skill that is easier to master.
WEEX AI Trading Lounge to Debut at Coinfest Asia 2026 on August 20
Odaily News, August 12 — WEEX exchange announced that its WEEX AI Trading Lounge will be held on August 20-21 at Melasti Beach, Bali, Indonesia. As the official Silver Sponsor of Coinfest Asia 2026, WEEX will set up an exclusive Ocean Suite Lounge at the venue and host a two-day offline event centered around AI Trading. During the event, an all-day AI Quick Match and multiple Scheduled Tournaments will be available, allowing participants to experience WEEX AI Trading through a Demo Account. The Top 3 winners will be determined based on daily PNL rankings. The event will also provide opportunities for networking with traders, KOLs, Web3 founders, and industry peers. Registration is now open via Luma.
KOL @cladzsol lost approximately $600,000, meme coin display pages disguised verification links to carry out phishing
Odaily News: According to monitoring by @insidecalls and @cladzsol, recently multiple popular meme coin display pages have been directing users to phishing pages disguised as "Cloudflare verification." After users follow the prompts, their computer systems download and execute malicious scripts, resulting in on-chain asset theft. The relevant display pages directly reference the official website or social media links in the token metadata, and these fields can be updated by the token creator or individuals later claiming "community takeover."
Data: StabIR's EURR and USDR suffer losses exceeding $10 million after attack, over $100,000 in stolen funds frozen
according to monitoring by crypto KOL Yusuf, two contracts of European stablecoin issuer StabIR, EURR and USDR, were attacked yesterday, resulting in losses exceeding $10 million. Following the incident, over $100,000 in stolen funds have been frozen, with the de-pegging range of USDR and EURR exceeding 20%.
Social Meme Trading Platform "Baola" Secures Investment from Gate Ventures, Now in Beta Testing
Odaily News — Recently, Baola, a social Meme trading platform strategically invested by Gate Ventures, has entered the product beta testing phase. Positioned as a social trading platform for the Meme market, Baola explores the integration of social content and Meme trading across areas including trend discovery, market information tracking, community interaction, and trading participation.According to official introduction, Baola's brand proposition is "Your next Meme is on Baola," aggregating information such as trending calls, KOL activity, on-chain trading data, and community interactions. Users can view callers, token mention counts, market cap at the time of calling, and subsequent peak performance, and discover active market participants through features like KOL rankings and Callout leaderboards, gaining multi-dimensional insights into market trends and participant performance.In terms of community interaction, Baola supports users in independently publishing calls and market opinions, and continuously following callers of interest through the Follow feature. The platform also combines KOL public calls with on-chain trading activity, providing information on historical calls, recent performance, and buy/sell behavior, further connecting opinion sharing, trend discovery, and trading participation.Currently, Baola has entered the product beta testing phase and continues to refine the social trading experience in the Meme space. Users can visit the official website (https://bao.la/) for more details.
Astros launches the "Back the Alpha" campaign, set to distribute $60,000 in trading experience funds over four weeks.
According to details, the event will run for 4 weeks, offering a weekly Trading Bonus worth $15,000, where the top 5 KOLs on the weekly leaderboard and their eligible Backers will jointly share the rewards, with 50% going to the KOL and the remaining 50% split equally among that KOL's eligible Backers, bringing the event's total prize pool to $60,000.
KOL @cladzsol lost approximately $600,000, meme coin display pages disguised verification links to carry out phishing
Odaily News: According to monitoring by @insidecalls and @cladzsol, recently multiple popular meme coin display pages have been directing users to phishing pages disguised as "Cloudflare verification." After users follow the prompts, their computer systems download and execute malicious scripts, resulting in on-chain asset theft. The relevant display pages directly reference the official website or social media links in the token metadata, and these fields can be updated by the token creator or individuals later claiming "community takeover."
Opinion: Three "Sinners" Sank CLARITY, and Trump Is the Chief Culprit
overseas crypto KOL Brady Dale posted on X, stating that three individuals are to blame for the failure of the CLARITY Act.The first chief culprit is Trump, whose sin lies in launching a token, making moral justice the ultimate core point of contention.The second chief culprit is Republican Senator Tim Scott, whose sin lies in stubbornly insisting that the Senate waste enormous time cooking up its own version, squandering what little momentum the earlier GENIUS Act had painstakingly built up.The third chief culprit is Republican Senator Cynthia Lummis. As early as last fall, I already felt this whole thing was doomed.
Long: Stock tokens are backed 1:1 by real stocks held on Robinhood, and the current discount stems from a USDC premium
in response to community skepticism, Arc ecosystem Launchpad Long posted on X platform stating that the stock tokens issued by Long are backed 1:1 by real stocks held on Robinhood. The relevant asset backing can be verified through on-chain bridge vaults, and 1:1 redemption is available between Robinhood Chain and Arc.It stated that Arc native USDC currently has approximately a 2x premium due to the cross-chain bridge not yet being open, causing stock tokens denominated in it to show prices lower than the underlying stock market prices. With the Arc public mainnet and native USDC cross-chain bridge opening on September 16, the premium is expected to gradually return to normal. At that time, Long also plans to provide deep liquidity for the CRCL/USDC trading pair, and launch a stock rewards model, Launchpad native USDC support, and more stock issuers.Previously—hilariously—Arc mainnet will launch on September 16. BonkGuy posted today stating that it has recently begun short-term positioning in Arc, having already purchased LONG, the native token of Arc's main Launchpad, as well as the top three Meme coins by market cap on the platform. Subsequently, crypto KOL 0xShawn stated that the long.supply platform is a platform that has rug permissions at any time.
Gate launches "FOMO Hunter" zone, enabling one-stop on-chain Meme trading with 0 Gas fees
Odaily News: Gate has officially launched a new one-stop on-chain trading product, "FOMO Hunter," aggregating hot multi-chain assets and Meme trading scenarios. It covers multiple major public chains including Robinhood, SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, supporting hot Memes, promising small-cap tokens, and various other types of on-chain assets.In terms of trading fees, "FOMO Hunter" applies a unified 0.5% buy and sell fee rate. Users trading Robinhood Chain assets through "FOMO Hunter" can also enjoy a limited-time Gas (network fee) waiver. For the trading experience, users can directly trade on-chain using their Gate account assets without needing to create or connect a wallet, or frequently transfer assets or switch networks. They can also query real-time quotes and K-line charts via token names or contract addresses, enabling "search-to-trade." Additionally, "FOMO Hunter" focuses on a Meme social trading ecosystem, supporting features such as Callout leaderboards, KOL leaderboards, and active account displays. Furthermore, leveraging Gate's deep liquidity and high-performance matching engine, it further enhances on-chain trade execution efficiency while reducing wait times and slippage.This launch further lowers the barrier for users to participate in on-chain trading and enriches Gate's Web3 asset trading scenarios. Going forward, Gate will continue to improve its on-chain trading infrastructure and product experience, providing users with more convenient and diversified Web3 trading services.
Related news
STRK briefly breaks above $0.056, a crypto KOL positioned early with a purchase of 17.45 million tokens and is now sitting on an unrealized profit of $170,000
Odaily reports, according to OKX market data, STRK briefly broke above $0.056 and is now trading at $0.05338, with a 24-hour gain of 23.93%.According to Arkham monitoring data, an address suspected to belong to crypto KOL Qwerty (@Quanterty) positioned early 13 hours ago, spending $767,000 to buy approximately 17.454 million STRK at an average price of $0.0439, and currently has an unrealized profit of $170,000.
PCE data drops tonight; HTX will livestream to forecast future market trends.
According to official social media announcements, HTX will host a live stream titled "PCE Revealed Tonight: Bull Market Rotation or Final Frenzy?" on September 30 at 20:00 (UTC+8). During the session, crypto KOLs 0xPink, Xiao Hai, HiSeven, and Xiao Zhi will discuss the consistently rising US Treasury yields and the strong altcoin market performance in conjunction with the upcoming August PCE data, offering an outlook on the subsequent trends for Bitcoin and altcoins.
Social Meme Trading Platform "Baola" Secures Investment from Gate Ventures, Now in Beta Testing
Odaily News — Recently, Baola, a social Meme trading platform strategically invested by Gate Ventures, has entered the product beta testing phase. Positioned as a social trading platform for the Meme market, Baola explores the integration of social content and Meme trading across areas including trend discovery, market information tracking, community interaction, and trading participation.According to official introduction, Baola's brand proposition is "Your next Meme is on Baola," aggregating information such as trending calls, KOL activity, on-chain trading data, and community interactions. Users can view callers, token mention counts, market cap at the time of calling, and subsequent peak performance, and discover active market participants through features like KOL rankings and Callout leaderboards, gaining multi-dimensional insights into market trends and participant performance.In terms of community interaction, Baola supports users in independently publishing calls and market opinions, and continuously following callers of interest through the Follow feature. The platform also combines KOL public calls with on-chain trading activity, providing information on historical calls, recent performance, and buy/sell behavior, further connecting opinion sharing, trend discovery, and trading participation.Currently, Baola has entered the product beta testing phase and continues to refine the social trading experience in the Meme space. Users can visit the official website (https://bao.la/) for more details.
Ansem: Solana DeFi Is One of the Most Underestimated Trading Opportunities This Cycle
Odaily News: Crypto KOL Ansem posted that he is increasingly bullish on Solana DeFi and believes it is one of the most underestimated trading opportunities this cycle.Ansem stated that in the previous cycle, meme coins attracted most of the market's attention, while protocols such as Jito and Jupiter were still in the early stages of their token lifecycles at the time. Today, Solana's core infrastructure landscape has become clearer, and low fees, fast execution, and continuously growing on-chain trading volume have further reinforced this trend, with retail investors, institutions, and tokenized equities continuing to migrate on-chain.
Astros launches the "Back the Alpha" campaign, set to distribute $60,000 in trading experience funds over four weeks.
According to details, the event will run for 4 weeks, offering a weekly Trading Bonus worth $15,000, where the top 5 KOLs on the weekly leaderboard and their eligible Backers will jointly share the rewards, with 50% going to the KOL and the remaining 50% split equally among that KOL's eligible Backers, bringing the event's total prize pool to $60,000.
SlowMist's Cos: FomoPeek Is Not FOMO App, Overseas Media Misreported
SlowMist's Cos posted on X stating that the application in question is FomoPeek, and SlowMist has never referred to it as FOMO App. Overseas security KOLs and media have misreported this, and domestic media subsequently referenced the overseas media reports.