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The State Taxation Administration of China responded to the recent discussions on taxing insurance income in Hong Kong, stating that Chinese tax residents are required to fulfill their tax obligations on global income according to the law, and that overseas insurance income also falls within the scope of taxable income. This is not a new policy and is not specifically aimed at the Hong Kong insurance market. The tax authority indicated that residents must declare and pay taxes on overseas insurance income and other investment income in accordance with the law, and the relevant rules treat overseas income from different countries and regions equally.Yesterday, Caixin reported that with the normalization of CRS information exchange, Chinese tax authorities can now fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. Currently, the taxation of insurance income from overseas sources has been initiated.

According to the "China Securities Journal," at the online investor communication meeting for the Sci-Tech Innovation Board listing of Yushu Technology, an investor asked, what impact does the U.S. robot sales ban have? Fu Fenghua, the secretary of the board of Yushu Technology, responded that the main models currently on sale include humanoid robots G1, H2, R1, and quadruped robots Go2, B2, A2, all of which have obtained FCC certification and fall under the advanced robotic equipment mentioned in the previous announcement. Therefore, the aforementioned policy change will not affect the continued sales of the company's existing main products in the U.S. market.

According to Forbes' real-time billionaire rankings, Justin Sun surpassed Wang Jianlin with an asset worth $8.5 billion compared to Wang's $4.4 billion.In response, Justin Sun stated, "There are no waves, only awakenings. Wang Jianlin was once the god of versions, just as I was an unbelievable young person. The cruelest part of version updates is that those at the peak are always the last to notice.So if today a young person tells me something I don't understand, or even something I want to mock, I find it hard to have the same confidence as Wang Sicong. I would serve him a cup of tea and listen to him talk about his world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but believing in young people is always right."In 2019, after Justin Sun purchased a charity lunch with Buffett for about 31.54 million yuan, Wang Sicong shared related articles on his social media with a mocking caption.

According to CoinDesk, RedotPay responded to the lawsuit filed by Binance, stating that it will actively defend itself. The company stated in a statement that it is aware of the legal proceedings initiated by Binance and will mount a strong defense against all allegations, denying the related accusations against the company and its co-founders, claiming that these allegations are baseless.Previously, Bloomberg reported that a Binance-affiliated entity filed a lawsuit in Hong Kong against RedotPay's co-founder, accusing him of breaching the agreement by directing over 470,000 Binance users to the RedotPay platform, resulting in approximately $473 million in losses. Binance stated in the lawsuit that it discovered in March 2026 that RedotPay allowed and encouraged the use of Binance Pay funds for unauthorized purposes without isolation, including recharging the RedotPay card. Binance's Chaintecs also filed a lawsuit against RedotPay affiliates in Singapore, with a related hearing scheduled for this Friday.Public information shows that Binance and RedotPay first reached a commercial cooperation in November 2023, which was terminated less than six months later due to Binance's claim that its funds were used for recharging RedotPay prepaid cards. The two parties reached a second agreement in March 2025, requiring Binance funds to remain isolated, allowing Binance users to exchange cryptocurrencies for fiat currency on RedotPay, conduct in-app transfers, and purchase RedotPay branded merchandise, but not to recharge the RedotPay card. Binance terminated the agreement in April 2026, stating it was part of a merchant partner review. RedotPay had previously planned to go public in the U.S. with an estimated valuation of about $4 billion, intending to raise over $1 billion.

During the Circle Q2 earnings call, Citigroup analyst Pete Christensen asked about the competitive landscape following the launch of the Open USD Alliance, inquiring how Circle would compete for distribution channels given that reserve revenue sharing is gradually becoming an industry standard and Circle is constrained by its existing economic arrangements with Coinbase.Co-founder and CEO Jeremy Allaire responded that Circle has signed distribution cooperation agreements with over 150 companies and often collaborates with Coinbase on distribution efforts. An example of this is the revenue-sharing arrangement that Circle and Coinbase have jointly established with Hyperliquid. He added that about 70% of the companies expressing interest in participating in such alliance projects are already partners in the Circle network. On the day of the earnings report, Circle also announced that Visa and Mastercard would expand their cooperation as key infrastructure partners for Arc.

Duan Yongping responded on Xueqiu today regarding the reduction of his position in Pop Mart, stating, "It's just that the put expired, and part was called away by the call." (This means that the put option expired, and a portion of the stock was called away by the call option.)ChainCatcher previously reported that earlier today, the Hong Kong Stock Exchange disclosed that the long position ratio of H&H International Investment, managed by Duan Yongping, in Pop Mart International Group Limited decreased from 7.65% to 5.55% as of July 30, 2026.According to a detailed interpretation of the announcement, this reduction was caused by the exercise of sold calls (call options). Duan Yongping holds the underlying stock of Pop Mart through H&H International Investment while selling call options to earn premiums. After part of the calls expired and were exercised on July 30, Duan Yongping had to deliver stocks at the agreed price, resulting in a decrease in physical holdings, and the disclosed long position ratio dropped from 7.65% to 5.55%.This time, Duan Yongping had part of the calls expire and be exercised, delivering some stocks at an average settlement price of approximately HKD 162.50, resulting in a net decrease of about 8.9328 million shares in physical holdings. Additionally, other option positions expiring or converting contributed to the overall decrease in the disclosed total long position ratio.Duan Yongping is accustomed to using sold options to enhance returns or build positions, and he has performed similar operations on stocks like Apple. On July 23, Duan Yongping had just responded to investors on Xueqiu, stating, "I just started buying Pop Mart, and I probably won't sell for the next 10 years." This decrease in ratio is mainly due to passive reduction caused by option settlements, rather than actively selling in the market. The actual decrease in physical holdings is not as exaggerated as the disclosed ratio suggests, as the disclosed long ratio also includes the impact of related derivative positions.

DWF Labs co-founder Andrei Grachev published a response to recent market speculation regarding DEXE trading, stating that the relevant transactions can be verified through centralized exchanges. Grachev indicated that the DWF Labs DEXE trading process is as follows: a large purchase of DEXE in 2024, partial selling for profit in 2025, another large purchase of DEXE around October 10, hedging profits in the first half of 2026, and when the funding rate turned negative, being forced to close short positions and increasing cash reserves by selling part of the DEXE spot.Grachev stated that all buying and selling operations were completed through centralized exchanges, where the trading platform holds relevant account information, and criticized some paid KOLs for spreading "misleading information."

According to Jinshi reports, South Korean President Lee Jae-myung stated on Wednesday that the AI-driven industrial transformation is reshaping the global industrial landscape, emphasizing that South Korea needs to take "bold" and "swift" investment actions. He pointed out that the government's responsibility is to identify trends, plan for the future, and lay the foundation for innovation, while ensuring solid industrial growth potential and a strong energy security system to withstand changes in the external environment.

CZ forwarded Willy Woo's post about Bitcoin loss data, stating that if the data is accurate, from a statistical perspective, exchange-held assets may be safer than self-custodied ones. Exchanges are more likely to be targeted by hackers, making such incidents easier to quantify, while thefts or losses from self-custodied wallets often go unreported, making related data harder to collect.On the other hand, the data from exchanges is also influenced by some exchanges that have already gone bankrupt. Finally, CZ emphasized that no custodial method is absolutely superior; different solutions are suitable for different users, and adopting a balanced asset custody approach may be a better choice. The statistical data previously released by Willy Woo indicates that approximately 1.57 million Bitcoins have been permanently lost due to self-custody. Additionally, around 1.51 million Bitcoins have been lost due to incidents such as hacking attacks and bankruptcies of exchanges.

OpenAI issued a public statement on August 3 in response to the lawsuit filed by Apple. OpenAI described Apple's lawsuit as "careless, aggressive, and personal," and pointed out several factual inaccuracies: an external lawyer from Apple mistakenly sent an email intended for someone else to OpenAI's legal head, falsely claiming that the two parties had spoken over the phone; Apple later admitted it was due to "confusing two Asian surnames." OpenAI also revealed that after contacting Apple in February, Apple stated it was "working to resolve any issues," but then did not communicate for 5 months until filing the lawsuit.Regarding the allegations against former Apple employee Chang Liu for taking confidential information, OpenAI presented iMessage records from after his departure showing that Apple colleagues had proactively contacted him to request assistance in locating documents, and acknowledged that this was a common issue caused by Apple's "poor management of exit access." Another named executive, Tang Tan, had worked at Apple for over 24 years, and OpenAI stated that he had consistently required his team "not to use any confidential information from other companies." OpenAI indicated that it had proactively offered to cooperate in resolving the matter, but Apple chose to file a lawsuit, claiming that its request for a preliminary injunction was "based on false information and completely unnecessary." Previously, Apple sued OpenAI in July, accusing it of poaching Apple employees and using confidential information to develop AI products.

Earlier market news indicated that Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, potentially raising about 3 billion dollars. In response, Dark Side of the Moon stated that the news is false.

According to Jinshi reports, the Iranian Foreign Ministry stated that in the context of the United States continuing to violate the ceasefire agreement of June 28, it is maintaining a maritime blockade against Iran's ports and commercial shipping, launching attacks across the country, increasing economic pressure and illegal threats. The defensive strikes of the Iranian armed forces will continue with full force.

According to X user Rohan Paul, when the OpenAI model breached Hugging Face, Anthropic's Claude 5 refused to assist in the investigation, and Hugging Face ultimately turned to Nvidia's quantized version of GLM 5.2 for emergency response.The user commented that banning open-source models would weaken the defense's capabilities, and this incident confirms the practical value of open-source models in security response.

According to monitoring by Bitcoin News, Nunchuk stated that some keys on the Nunchuk platform are generated by Coldcard Mk4, but these keys will not be used directly.Nunchuk will derive independent keys through custom logic, making them less susceptible to lookup table attacks based on leaked Coldcard seeds. Nunchuk added that, given enough time, it believes attackers may eventually incorporate these derived keys as well.

According to Jinshi reports, on July 31, Foreign Ministry spokesperson Mao Ning responded at a regular press conference to reports about the possibility of the United States taking military action against Cuba. Mao Ning stated that China has repeatedly clarified its position, and the U.S. should immediately stop threatening Cuba with force and cease its unilateral blockade and sanctions against Cuba. China will continue to support Cuba in maintaining its national sovereignty and oppose foreign interference.

According to Jinshi, on July 31 local time, explosions were heard in the Ukrainian capital, Kyiv. Previously, Kyiv had sounded the air raid sirens. Kyiv Mayor Klitschko reported that the city's air defense system is operational to respond to the Russian military drone attacks.

According to Jinshi, on July 31, there were reports that Tesla is considering divesting its Chinese business, a move that paves the way for a potential merger with SpaceX in the future. Tesla China responded by stating that this is "false news."

Binance founder CZ responded on the X platform to the recent controversy regarding Giggle Academy selling donation tokens, stating that he personally "has not communicated with the Giggle team regarding the recent sale," and that the address is not managed by him personally. He pointed out that Giggle Academy has a practice of "exchanging most donation tokens for BNB at the end of each month" to fund free education programs for children worldwide, which have benefited over 1 million children in less than two years.CZ further stated that when sending or donating tokens to others, if there is no prior agreement, one should not expect the recipient to act according to the donor's wishes (such as destroying the tokens), as "that would only add extra work for the recipient." He emphasized that "if it is called a donation, one should expect them to use it," and questioned, "if one expects them to destroy it, how can it be called a donation?" Additionally, CZ expressed support for all meme coins and revealed that "he may buy or sell one or two (meme coins) in the coming weeks to test some new things."

According to Jinshi reports, the Iraqi Hezbollah Brigade stated that it will "inevitably" respond to the US-Saudi joint strikes.