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According to CNBC, Gemini Space Station won a legal victory in August, with arbitrators ruling that the cryptocurrency exchange platform did not mislead users and is not responsible for the collapse of its Earn lending program. The claim was made by a user of the digital asset company's lending program Earn at the end of 2024. According to the ruling, there was insufficient evidence to prove that Gemini lied to customers or was negligent in its due diligence with its main lending partner, Genesis Global Capital.The Earn program was launched in 2021, allowing users to earn up to 7.4% annualized returns by lending cryptocurrency. Under this program, Gemini lent assets to institutional borrowers, with Genesis acting as an intermediary. However, in November 2022, Gemini suspended withdrawals from the Earn program, angering some of its more than 300,000 users. This move came shortly after Genesis suspended new loan issuance and redemptions due to a liquidity crisis caused by the downturn in the cryptocurrency market that year. After the freeze on Earn withdrawals, several customers filed legal complaints against Gemini. The New York Attorney General also sued Gemini over the Earn program and reached a $50 million settlement with the company in 2024.In February 2024, Gemini announced that the company had reached a "principled settlement" with Genesis and other creditors regarding the Genesis bankruptcy case. Three months later, Earn users received $2.18 billion in digital assets in physical form, equivalent to 97% of the digital assets owed to Earn users, which is $1 billion more than when Genesis suspended withdrawals in 2022.

On-chain analyst Willy Woo stated that currently about 4% of the global population holds S&P 500 assets, 4.5% hold gold, and 5% hold Bitcoin (BTC), and suggested that the future penetration rate of Bitcoin will determine its role attributes.He indicated that at a holder population percentage of about 5%, BTC is still primarily viewed as a financial asset; if this ratio rises to about 50%, it could signify the emergence of a pattern of "separation of money and state."

On August 31, WEEX announced the launch of U.S. stock trading activities, which will take place from August 31 at 16:00 to September 15 at 23:59:59 (UTC+8).During the event, new users who choose any cryptocurrency stock in the spot trading stock area for their first spot trade will have their losses covered by the platform, with a maximum subsidy of 60 USDT. All users who achieve a cumulative trading volume of no less than 1,000 USDT in the spot trading stock area can share a cash prize of 30,000 USDT based on their trading volume proportion. Rewards can be unlocked by meeting the cumulative trading volume requirements for designated U.S. stock tokens, and the rewards for hitting the top three in price increase will be doubled.

According to Bloomberg, the European Commission has classified OpenAI's ChatGPT as a "very large online search engine," and listed Reddit and Roblox as "very large online platforms," citing that their monthly active user count in the EU has exceeded 45 million.These platforms are required to enhance their handling of illegal and harmful content under the Digital Services Act (DSA), submit transparency reports, risk mitigation plans, and pay annual fees to the EU, with violations potentially incurring fines of up to 6% of global annual revenue. The DSA also mandates platforms to strengthen protections for minors and advertising transparency, and EU regulatory authorities have initiated over a dozen investigations into various online platforms based on this law.

According to a Reuters report, Polymarket's new Global Head of Research and Intelligence, Shana Bautista (former analyst at Coinbase, former investigator at the FBI), stated that as the U.S. midterm elections approach, Polymarket has established a system to identify unusual trading activities and will continue to prevent U.S. users from using its international platform to comply with the settlement agreement reached with U.S. regulators in 2022.In addition, Polymarket plans to launch a new webpage to publicly disclose the operational details of market integrity review mechanisms such as machine learning, blockchain analysis, and trading monitoring, and revealed that it has referred over 100 cases to law enforcement agencies.

According to a report by South Korea's Seoul Economic Daily on August 31, the prices of HBM and DRAM used in AI accelerators continue to rise. Data from the Korea Trade Association shows that DRAM export volume decreased from approximately 681.7 million units in May to 591.74 million units in July, a decline of 13.2%. However, the export value increased from $11.428 billion to $13.552 billion, a growth of 18.5%, with the export unit price rising from $16.76 to $22.9, an increase of 36.6%.The supply of HBM4 to customers such as Nvidia is expanding, but the initial yield is lower than that of HBM3E, exacerbating the overall DRAM supply shortage. Samsung Electronics' memory division is reportedly planning to allocate about 70% of its capacity to long-term supply agreements until 2031, with major clients including Nvidia, Microsoft, and Google. Mega Grid Supply data shows that the spot price for HBM3E 36GB is $2,100, approximately 4 to 5 times the long-term contract price; the spot price for HBM4 16-layer, which is in mass production coordination, is about $3,500.The financial investment community expects Samsung Electronics' third-quarter revenue to reach 206.64 trillion won and operating profit to reach 116.38 trillion won, with operating profit expected to exceed 100 trillion won for the first time. SK Hynix's third-quarter revenue is expected to be 101.76 trillion won, with operating profit of 79.16 trillion won. Samsung Electronics is considering converting its only wafer foundry line S5 in the Pyeongtaek campus to memory production as early as next year.

The Ministry of Industry and Information Technology of China has launched a special action to cultivate artificial intelligence application service providers, encouraging various regions to increase the procurement of large models, intelligent agents, and Token services through first purchase and first use, risk compensation, and other methods, while using tools such as "computing power vouchers" to reduce computing power costs.The Ministry of Industry and Information Technology will also establish a national resource pool for AI application service providers, aiming to exceed 2,000 by the end of 2026 and no less than 3,000 by the end of 2027. These service providers mainly help enterprises implement AI projects, with services ranging from early consulting, program design, to system development, integration delivery, and then to subsequent operation and maintenance and security governance.This policy also specifically names FDE. The Ministry encourages service providers to form FDE teams to directly address project implementation issues on-site with users. Various regions are also required to open real business scenarios, organize supply and demand matching, and turn high-frequency, essential business needs into standardized AI products that can be delivered repeatedly.

The Ministry of Commerce and six other departments issued implementation opinions on promoting the expansion and upgrading of commodity consumption. The opinions point out the need to strengthen the research and development of key technologies and core components, and to expand the application of technologies such as brain-computer integration and artificial intelligence in fields like elder-friendly products and rehabilitation aids.Increase the promotion of high-quality products in the "Promotion Catalog of Elderly Products," and promote products such as exoskeleton robots, electric wheelchairs, smart mattresses, and equipment for health monitoring, incontinence care, transfer, and bathing into elderly households. Explore the establishment of a certification system for silver-haired products. Encourage commercial circulation enterprises to set up sales areas for elder-friendly products, and promote elder-friendly products into supermarkets, hotels, communities, hospitals, pharmacies, and elderly care institutions.

According to Digitalasset, the South Korean National Tax Service plans to introduce commercial tracking programs used by domestic and foreign investigative agencies to track and analyze the flow of funds between digital asset wallets, in order to close the tax loophole for virtual assets in personal wallets.The South Korean government stated that digital assets held in personal wallets and overseas exchanges are subject to taxation as long as there is income generated from transfers or loans. The overseas exchanges will respond through the Crypto Asset Automatic Information Exchange Framework (CARF).

Tether CEO Paolo Ardoino stated that stablecoins are a more trustworthy form of currency than tokenized bank deposits, the former being almost fully backed by U.S. Treasury bonds, while the latter typically only has 10% of liquid assets backing it. Pablo Hernandez de Cos, General Manager of the Bank for International Settlements (BIS), mentioned that stablecoins face issues such as redemption capability, supply, interoperability, and facilitating crime, and he referred to tokenized bank deposits as a more direct path to preserving the monetary system's foundation while utilizing tokenization.Ardoino pointed out that the market capitalization of USDT has exceeded $183 billion and is used by some emerging markets for domestic and cross-border commerce. In discussions surrounding the Digital Asset Market Transparency Act (CLARITY Act), banks are concerned that allowing cryptocurrency exchanges to provide incentives for stablecoins could lead to a shift in deposits.

According to official data from fomo, in the past 30 days, 25 traders on the fomo profit leaderboard have achieved profits of over 1 million dollars, with the top trader being @unipcs, who has made over 5.8 million dollars in the past 30 days.As of now, the total number of traders on the fomo platform who have achieved profits of 1 million dollars is 26.

According to DefiLlama data, Binance has seen a net inflow of $15.6 billion in the past month, surpassing the total assets of the Robinhood platform ($14.325 billion). During the same period, OKX had a monthly net inflow of about $1.7 billion, and Bybit about $1.9 billion, making Binance's inflow scale approximately 8 to 9 times that of the two.Analysts believe that, in addition to market conditions and the head effect, Binance is accelerating its expansion into the TradFi (traditional finance) sector. Recently, the platform has continued to expand into assets such as gold, silver, popular U.S. stocks, ETFs, stock tokenization, and Pre-IPO, allowing users to allocate various assets like Crypto, precious metals, U.S. stocks, and ETFs within the same account without needing to transfer crypto assets to traditional brokers.

According to reports from the major factory, ByteDance recently held a briefing on Doubao stocks and introduced new policies for relevant employees: the price of Doubao stocks was adjusted from $14.85 per share in June to $17.02 per share, an increase of about 14.6%; the issuance of Doubao stocks was increased, with some employees reaching a total package of about 5%; employees can choose to convert a certain proportion of cash in their total package into Doubao stocks, with the proportion varying by job level.This adjustment mainly targets the large model departments under Seed (pre-training, multimodal, VLM, etc.) and the Doubao main APP team under Flow. From $13.08 in April of this year to $17.02 in August, the Doubao stock has increased by about 30.1% in less than half a year, which is about twice the increase of ByteDance options during the same period (approximately 14.5%).

The crypto market has always been rife with rumors. Today, an HTX spokesperson responded to recent rumors regarding Sun Yuchen and the platform, emphasizing that this is part of the "expected game" and that the platform's operations are normal. In the Web3 industry, there are very few trading platforms that can survive and cross a 13-year cycle; time and data are often the most objective measures to test market FUD.

According to South Korean media reports, Samsung Electronics is cooperating with Nvidia (NVDA.O) to develop 8-layer seventh-generation high bandwidth memory (HBM4E), significantly reducing the stacking height compared to the original plans of 12 layers and 16 layers. The speed specification proposed by Nvidia is 17-18Gbps, which is about 20% higher than Samsung's initial HBM4E sample speed of 14.4Gbps. This product is reported to be used for NVHBM.

According to FT, cryptocurrency projects have spent nearly $640 million repurchasing their own tokens this year. Amid a prolonged market slump, they are emulating common practices in the stock market, attempting to boost token prices.Data from blockchain analytics firm Allium Labs shows that the repurchase amount this year is $638 million, compared to $545 million during the same period last year, with only $366,000 for the entire year of 2024. The repurchase amounts from Hyperliquid and pump.fun account for nearly 90% of the total repurchase amount.

The Taiwanese prosecutors stated that they are investigating the global leading chip substrate and printed circuit board manufacturer, Unimicron Technology Corporation, which is a key supplier for NVIDIA, Intel, Google, and Amazon. The investigation targets the company for allegedly mislabeling parts made in China as being produced in Taiwan, which may violate laws prohibiting the laundering of origin.Unimicron Technology Corporation is one of the world's top printed circuit board manufacturers, and this investigation occurs against the backdrop of the United States cracking down on transshipment.