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The founder and CEO of the Hong Kong-listed company Mech-Mind, Shao Tianlan, posted on social media, questioning some embodied intelligence companies that create false and unsustainable revenue through data collection centers and related transactions with local governments, investors, and suppliers to promote their listings. Mech-Mind mainly provides products such as robotic 3D vision and AI software, applied in industrial manufacturing, logistics, and other scenarios. He referred to these companies as "gathering-type" embodied intelligence companies, mentioning that they include some well-known and highly valued companies from Beijing and Shanghai that have appeared on the Spring Festival Gala, and criticized this practice as illegal, unethical, and unwise.Shao Tianlan stated that generating revenue in this way could harm investors and place an increasingly heavy growth burden on the companies. After achieving such revenue this year, they would need to continue to do so next year and do even more, potentially falling into a vortex of continuous fraud and bleeding. He specifically named Galaxy Universal in the comments section and inquired whether there was support from Beijing city leaders for the company's listing.

Latest data shows that the number of GasFree users has surpassed 450,000, reaching 450,392. This milestone marks the continued expansion of this transfer tool's influence within the TRON ecosystem. Starting with support for USDT transfers, GasFree has now added support for USDD, allowing users more ways to transfer assets on the TRON network without the need to hold TRX to pay on-chain fees, further lowering the operational threshold and cost burden of transfers. Product features continue to expand, with a core philosophy that remains simple: making on-chain transfers easier to use. As the user base steadily grows and supported assets continue to diversify, GasFree is becoming a convenient choice for an increasing number of users in their daily on-chain operations.

According to the Financial Times, an increasing number of high-net-worth individuals relying on cryptocurrencies like Bitcoin to accumulate wealth are being rejected by traditional trust companies when seeking to establish offshore trusts for tax and wealth succession arrangements. Trust institutions are primarily concerned about issues related to the verification of fund sources, potential money laundering risks, extreme asset price volatility, and the loss of private keys.The report states that some trust institutions specializing in serving digital asset clients are taking on such business through on-chain analysis and enhanced compliance reviews, but most mainstream trust institutions remain cautious, fearing future legal and reputational liabilities due to the sources of crypto assets or significant devaluation.

The Boring Company, owned by Elon Musk, has completed a $3 billion Series D funding round, reaching a valuation of $23 billion.

According to The Wall Street Journal, Chinese regulators are seeking to raise the threshold for humanoid robot companies to enter the public capital market. Sources revealed that the China Securities Regulatory Commission recently held informal talks with several investment banks and institutional investors, signaling an intention to increase the barriers for humanoid robot companies seeking to go public.This move is related to the market performance of Yushu Technology after its listing. The company surged 460% on its first day of trading, but the excitement faded afterward, with its stock price dropping about 50% from its post-listing peak, bringing its market value down to approximately $30 billion. Regulatory authorities are trying to quell the frenzy triggered by this situation.

The research institution Sage Road Research released an executive summary of "The AI Trade," stating that since the beginning of this year, the Magnificent Seven has underperformed the Russell 3000 index by about 8 percentage points and the MSCI ACWI by nearly 9 percentage points. In July, the CBOE NDX volatility index relative to the VIX reached its highest point since the internet bubble, and after entering a correction, the Nasdaq index saw a 5% rebound over four days. As of the writing of the report, AI company stock prices have dropped 20% from their 52-week highs in June.Companies are struggling to achieve returns on investment amid soaring AI costs, with Uber, Amazon, Meta, and Walmart implementing restrictions on employee AI usage. Model homogenization limits pricing power, and Chinese open-source models have become a cheap alternative to OpenAI and Anthropic. AI capital expenditures have exceeded expectations, with the consensus for 2026 rising from $527 billion at the end of 2025 to about $800 billion by mid-year. Capital expenditures for hyperscale cloud providers in 2027 are expected to account for 3% of U.S. GDP, more than double the peak of 1.2% during the late 1990s telecom fiber construction. Allianz Research calculates that there is nearly a 46% growth gap between AI investment and sales, worse than the 32% during the 2001 telecom bubble.As of June, hyperscale cloud providers and related entities like Nvidia issued $225 billion in bonds, a year-on-year increase of 973.7%. The off-balance-sheet liabilities of tech giants have increased eightfold over four years to $1.65 trillion.

Pantera Capital Junior Partner Jay Yu published an article titled "The Rise of Compute Markets," stating that computing power and data center spending have become a trillion-dollar category, but GPU procurement is still mainly done through group chats, over-the-counter brokers, and bilateral agreements. He noted that the financialization of computing power is still in its early stages, constrained by SKU, time, and location, but could become a commodity asset similar to electricity or oil in the next 5 to 10 years. Jay Yu believes that the computing power market may form a "hardware-supplier-cluster" structure similar to the electricity "grid-operator-node," with new cloud vendors being structural shorts on GPUs, while on-demand platforms and application layers are longs.He mentioned that for every $100 spent on inference at the application layer, about $45 flows to the on-demand layer, about $50 flows to the new cloud or GPU layer, and about $5 flows to routing layers like OpenRouter. NVIDIA can be seen as the "central bank" of computing power, having announced support for up to 25% residual value. He also stated that physical delivery has a more enduring moat, and indices, cash-settled exchanges, and financing tools will subsequently emerge, with participants including SF Compute, Vast AI, Runpod, Compute Exchange, and others. The computing power market does not have mandatory price transparency requirements, and basis risk may be greater.

NVIDIA (NVDA.O) announced a collaboration with the Australian data center ecosystem to expand its artificial intelligence infrastructure capabilities.

Solana treasury company SkyAI (formerly Sharps Technology, stock code SKYA) is facing shareholder opposition ahead of its annual shareholder meeting on September 18. A group holding nearly 10% of shares plans to vote against the re-election of the entire board of directors.The group's concerns include the weakening of shareholder rights, the "poison pill" plan, and related party transactions.

According to Gate market data, SpaceX's intraday decline has expanded to 5%.

According to CNBC, Robinhood CEO Vlad Tenev responded to AMC CEO Adam Aron's criticism of the stock token business, stating that after a company goes public, its stocks will become transferable property, and other financial institutions should be able to create financial products referencing the relevant stocks without needing the issuer's permission.Tenev stated that publicly traded companies have the right to control their own rights and obligations regarding the issuance of stocks, but cannot control other companies issuing securities that reference their stocks. Robinhood's stock tokens are issued by independent entities and are backed by the underlying stocks, so obtaining the consent of the publicly traded company should not be automatically required.Tenev also acknowledged that holders of stock tokens do not have voting rights in the underlying company. These tokens are designed as debt securities supported by the underlying stocks. As for how Robinhood will exercise the voting rights associated with the underlying stocks, the company has stated that it has not announced any related plans.

U.S. Treasury Secretary Basant's public pressure campaign to promote the appreciation of the yen has heightened market expectations for the Bank of Japan to take monetary tightening actions. He claimed to have "asymmetric information" regarding the Bank of Japan's next steps and referred to himself as a "big player."Market expectations indicate a 25 basis point interest rate hike next week, and Basant's remarks highlight his level of involvement in the formulation of Japan's economic policy.

According to Fortune magazine, the stablecoin payment infrastructure company Latitude has completed a $35 million Series A funding round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX.The company was co-founded by former executives from Stripe, Uber, Coinbase, and Meta, aiming to help businesses send fiat currency to emerging market users through stablecoins using local payment methods (bank accounts and mobile wallets). Latitude is licensed in 45 U.S. markets and plans to expand its regulatory licenses in Southeast Asia, Latin America, and Africa. The current team consists of 15 people, and the new funds will be used to expand compliance, engineering, and sales teams.

According to PR Newswire, AI fintech company Kapital has completed a new round of equity and debt financing totaling $125 million, led jointly by Tru Arrow Partners and Fasanara Capital, with participation from Cervin Ventures, Niya Partners, and Overlook Capital.Kapital utilizes artificial intelligence technology to help individuals and businesses efficiently manage operations, credit, and cash flow, while also promoting savings and investments through its brokerage and fund management services. The new funds will be used for the in-depth development of its AI platform and data analytics suite, and to accelerate expansion in the U.S. and European markets.

According to Wealth Management, AI wealth management company Savvy Wealth announced the completion of a $100 million Series C financing, with a valuation rising to $600 million. Halo Fund led the investment, with existing investors such as Thrive Capital, Industry Ventures, and Index Ventures participating. So far, its total financing has exceeded $200 million.Savvy Wealth's AI wealth management platform, Savvy Intelligence, utilizes large language models from OpenAI and Anthropic to train AI agents, supporting the integration of investment, tax, and financial planning data, and simplifying the wealth management process through AI. The new funds will primarily be used to expand the development of software products aimed at wealth advisors.

According to Fortune, the San Francisco-based cryptocurrency crime tracking company TRM Labs completed a $70 million Series C funding round in September 2025, achieving a valuation of $1 billion. Just six months later, it received additional investment from existing investors, doubling its valuation to $2 billion.CEO Esteban Castano stated that the company's mission has expanded from blockchain forensics to a broader mapping of cybercrime, with AI becoming a second growth engine rather than a transformation, while the core cryptocurrency business remains strong. The company is set to launch a new investigation platform specifically targeting AI-driven deepfake scams, extortion related to pornography, and child sexual abuse crimes.Castano noted that the widespread adoption of cryptocurrency has made it possible to comprehensively map crime networks, and the company is expected to reach a $100 million annual recurring revenue milestone in the coming weeks. Currently, it has about 500 employees and has offices in London, Singapore, and Washington.

According to a report by Sina Finance, AI 3D company VAST (Sanqi Wànwù) announced the completion of Series B and B+ financing, totaling approximately 3 billion yuan, led by Matrix Partners. Perfect World, BlueFocus Communication Group, Xindong Energy Investment, Yanqu Games, Zhongke Chuangda, 37 Interactive Entertainment, as well as Dinghui VGC, CICC Capital, CMC Capital and others participated in the investment, while existing shareholders Dachen Caizhi, Chunhua Capital, and Wengce Capital continued to invest.According to the official introduction, VAST has raised approximately 5 billion yuan in less than six months. It is reported that VAST also released the latest version of its flagship 3D base model Tripo P series, Tripo P2. The funds from this round of financing will be invested in the iteration of 3D native models and data capabilities, expansion of training and inference infrastructure, product development, and commercialization.

According to the official announcement from Gate, Gate is exploring strategic cooperation with the clearing and custody company RQD* Clearing. Both parties plan to advance discussions on cooperation in areas such as digital assets, clearing and market infrastructure, regulatory compliance, and asset tokenization, leveraging their respective capabilities in digital asset services and financial market infrastructure to find new business synergy opportunities.Gate's founder and CEO Dr. Han stated that as digital assets increasingly integrate with traditional financial markets, Gate is focused on building the infrastructure that supports this process and looks forward to exploring cooperation opportunities with RQD* Clearing in the areas of clearing, infrastructure, compliance, and asset tokenization.RQD* Clearing provides the necessary clearing, custody, and technical infrastructure for broker-dealers, registered investment advisors, overseas financial institutions, and proprietary trading firms to access the market, and relies on its self-developed technology to offer clients real-time business data and flexible platform support.This exploration of cooperation is expected to further connect Gate's global digital asset ecosystem with RQD* Clearing's infrastructure capabilities in the market, opening up more space for the integration of digital assets and traditional financial systems at the asset, transaction, and technical levels.

According to the French newspaper Le Monde, the United Arab Emirates will invest 1 billion dollars through its subsidiary Marlan Space, under the International Holding Company (IHC), in Loft Orbital, a space AI startup co-founded by France and the United States, to build an observation satellite constellation consisting of 50 satellites equipped with AI capabilities.Unlike traditional satellites that transmit data back to the ground for analysis, the company plans to use AI in space to process images, videos, and measurement data collected by the satellites directly, with AI entities identifying anomalies and issuing alerts within seconds.

According to CoinDesk, Citibank will launch an international transfer service based on tokenized deposits for Japanese companies by the end of the year, enabling 24/7 instant cross-border payments between five countries, becoming the first foreign bank to offer this service in Japan.