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Alibaba announced that its latest generation AI processor, Zhenwu M890, has been widely commercialized among over 650 external customers. The chip, through Alibaba Cloud services, has been applied in more than 20 industries including autonomous driving, the internet, and financial services, validating its capability to support end-to-end AI workloads.

According to a report by the Korean News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity BitGo Korea has received acceptance of its VASP (Virtual Asset Service Provider) registration application from the Financial Intelligence Unit (FIU) of Korea on August 18, becoming the first foreign cryptocurrency corporate entity to complete VASP registration directly in Korea.BitGo Korea was established in 2024, and this time chose to directly meet regulatory requirements to enter the market, rather than adopting the industry norm of acquiring existing VASP companies. Subsequently, it will use this as a foundation to officially launch virtual asset custody and transfer services in Korea, focusing on expanding business towards financial institutions and corporate clients.

According to Bitcoin.com, the Australian Securities and Investments Commission (ASIC) disclosed that in the fiscal year 2026, over 19,400 online scams were removed (a year-on-year increase of 182%), among which cryptocurrency investment scam platforms reached 3,106, an increase of about 30% compared to the previous fiscal year.ASIC pointed out that scam groups are heavily leveraging generative AI technology to build a systematic fraud ecosystem: by using deepfake videos of well-known figures such as Australian Prime Minister Albanese and financial commentators to promote fake cryptocurrency trading robots, while simultaneously creating counterfeit media websites, AI-generated comments, and fake profit dashboards to lure victims into continuously increasing their investments, with funds ultimately flowing to overseas criminal groups. Just from the impersonation of high-profile individuals alone, the related losses have exceeded 7.4 million Australian dollars.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.517 billion, with long positions totaling $2.727 billion, accounting for 49.42% of the holdings, and short positions totaling $2.79 billion, accounting for 50.58% of the holdings. The profit and loss for long positions is $203 million, while the profit and loss for short positions is -$253 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently with an unrealized profit and loss of $42.4411 million.

According to informed sources, the Trump administration plans to reduce the tariff on Canadian imported cars from 25% to 15% as part of a broader agreement. This agreement requires Canada to eliminate its retaliatory trade measures against the United States. The new 15% tariff will continue to apply to non-American components in the vehicles.Currently, the details of the agreement have not been finalized, and the final outcome remains uncertain.

Market operator Kalshi has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch a copper perpetual contract COPPERPERP. This contract will track the spot price of copper priced in U.S. dollars and will use price data from blockchain market data provider Pyth Network.The contract will be cash-settled and will not involve physical copper delivery; periodic payments between long and short traders will help keep the contract price aligned with the copper price. Perpetual contracts have no expiration date, allowing traders to hold positions indefinitely without needing to roll over to a new contract. Kalshi was previously approved in May to offer Bitcoin perpetual contracts and has submitted an application for index perpetual contracts. Less than a week before the copper perpetual contract application was submitted, a judge in Washington state had ordered the company to cease offering bets related to sports, elections, politics, and other events in the area.

According to CNBC, Nvidia (NVDA.O) is seeking to collaborate with companies to expand its business in the Nordic region.

Grayscale submitted the fourth amendment to the registration statement for the Grayscale Zcash Trust (ZEC) to the SEC, intending to list the trust on the NYSE Arca market under the ticker ZCSH.After listing, authorized participants can continuously purchase and redeem trust shares, whereas previously the trust only supported trading on the over-the-counter market (OTCQX) and did not allow redemptions. As of June 30, 2026, the trust holds approximately 2.3% of the circulating supply of ZEC, with a NAV of about $155.2 million.In addition, a subsidiary of Grayscale's parent company DCG is in talks to purchase trust shares with approximately 200,000 ZEC, but no binding agreement has been formed yet.

Abnormal AI announces a strategic partnership with OpenAI to accelerate enterprise artificial intelligence applications.

The U.S. Department of the Treasury has announced that it will at least double the scale of liquidity support repurchase operations for long-term nominal coupon securities, involving two maturity ranges: 10 to 20 years and 20 to 30 years.Currently, the maximum scale for each operation is $2 billion, and in the future, the scale for each operation will be raised to at least $4 billion. The adjustment will take effect on September 9, 2026, and will be implemented for the remainder of this refinancing quarter (until November 4, 2026). The Treasury will provide more information about future repurchase scales at the next quarterly refinancing meeting scheduled for November 4, 2026.This expansion of the repurchase operation scale reflects the Treasury's desire to provide stronger liquidity support for the long-term nominal Treasury market. The Treasury will announce updated temporary Treasury repurchase arrangements later.

According to Newsroom, PayPal and Venmo are expanding into the tuition payment sector through a new integration service, partnering with three major education payment platforms.

Binance co-founder He Yi cited data from the research team, stating that among users investing in U.S. stocks on the Binance platform, about three-quarters are net buyers, and about one-fifth have never sold. Generation Z users show the strongest willingness to hold long-term, with the highest net buying ratio and the lowest trading frequency. He Yi stated that this reflects how, after lowering investment barriers, a new generation of investors is participating in the market with patience and a long-term perspective.

Cerebras released its fourth-generation AI inference system CS-4 this week, based on the same 5nm WSE-3 wafer, achieving double the performance by doubling the clock frequency and power consumption. A single CS-4 cabinet accommodates 3 wafers (CS-3 has 2), featuring a modular "backpack" design that simplifies manufacturing and deployment, with a TDP of approximately 125 to 135kW. The CS-4 can provide an inference speed of nearly 4000 tokens/second/user, about twice that of the CS-3, and supports decomposed inference with heterogeneous systems such as AMD and AWS Trainium.Cerebras claims that the CS-4 offers about 2000 times the on-chip memory bandwidth of NVIDIA's Rubin (43PB/s), but the 44GB SRAM capacity remains unchanged, and long-context inference still requires multi-wafer stacking. For example, with the DeepSeek V4 Pro (1.6T parameters), approximately 20 systems are needed for a 1M context window, and about 40 systems are required for 256 concurrent users, corresponding to a CAPEX exceeding 20 million USD. Cerebras is collaborating with clients such as OpenAI and plans to achieve approximately double performance improvements each year, aiming for a 20-fold throughput increase by 2027. The "backpack" cabinet design of the CS-4 will continue into the next-generation "Nexus" platform.

According to Coinglass data, the current whale holdings on the Hyperliquid platform are $5.263 billion, with long positions of $2.589 billion, accounting for 49.19% of the total holdings, and short positions of $2.674 billion, accounting for 50.81%. The profit and loss for long positions is -$61.0607 million, and for short positions, it is -$15.1559 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.6227 million.

Fox Business crypto reporter posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has officially proposed Regulation Crypto Assets to establish a new framework for fundraising in U.S. crypto assets.The proposal will allow certain issuances to accumulate no more than $5 million over four years or no more than $75 million annually without registering with the SEC; to establish a conditional safe harbor for crypto assets after the key management work of the issuer is completed; and to exempt relevant issuances from certain state securities registration requirements. The proposal is now entering a 60-day comment period.

The peer-to-peer cryptocurrency trading platform NoOnes announced yesterday that it will begin to gradually shut down operations after more than three years of operation. The official statement indicated that it had previously sought to resolve and lift the sanctions against NoOnes, but ultimately was unsuccessful.NoOnes stated that the related sanctions led to the loss of key partners, while blockchain monitoring agencies marked transactions related to NoOnes as high risk, making it increasingly difficult for the platform to continue normal operations.According to the official schedule, the business contraction was initiated on August 17, and the P2P market will close on August 21 at 23:59 UTC. Services such as Swap, NoOnes Visa, fiat withdrawals, gift card store, and Bitcoin Lightning Network will also be gradually discontinued. After that, the platform will only support withdrawals, and users will still be able to log in, check their balances, and withdraw remaining assets.The official recommended that users complete asset withdrawals as soon as possible, no later than August 23.Previously, the peer-to-peer cryptocurrency trading platform NoOnes revealed that the platform had encountered a significant security breach, resulting in a loss of approximately $8 million in crypto assets. CEO Ray Youssef confirmed this news after on-chain detective ZachXBT disclosed the hack on his Telegram channel.

NVIDIA's Senior Director Huang Maidi visited LG Electronics' robotics research and development center in South Korea on Tuesday, meeting with LG Electronics executives to discuss plans to expand cooperation in the fields of artificial intelligence infrastructure and robotics.Last week, LG Electronics announced plans to launch a next-generation humanoid robot capable of bipedal walking in the first quarter of 2027, relying on NVIDIA's robotics platform.

The decentralized AI infrastructure network DGrid AI announced the $DGAI token economic model, with a total supply of 1 billion $DGAI tokens. Of this, 50% will be allocated to node network operations and node incentives, 15% will be allocated to community growth and ecological participation, 10% will be allocated to team incentives and long-term development, 10% will be allocated to early investors, 8% will be allocated to airdrop rewards, and 7% will be allocated to initial liquidity and secondary market support.According to previous news, DGrid AI opened the $DGAI airdrop eligibility inquiry and application channel on August 17, and the window will remain open until 16:00 Beijing time on August 22.