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Flash

first_img WHUF Founder: When the token price is below the ICO price, redeeming tokens will result in destruction

The founder of the WHUF project posted on X that the WHUF trading price is below the ICO price. He stated that the price guarantee is functioning as designed, and the redeemed WHUF will be destroyed and permanently removed from circulation. The team originally expected this mechanism to reduce sell-offs close to $3.57, but 23% of the original purchase amount did not receive guarantees within the protection window, which currently constitutes the largest outflow.The founder mentioned that the team focuses liquidity on Coinbase, hiring two market makers and allocating 175 basis points of centralized exchange liquidity, with only about 25 basis points on-chain. The launch pool has about 20,000 WHUF and less than $100,000 USDC, with auction buyers selling about 101,000 WHUF in the first hour after unlocking. A single $10,000 sell order caused the price to fluctuate nearly 20%. Of the 1,402 auction wallets, 298 sold, with 92% occurring in the first 3 hours. The team refused to pay for listings, and the exchange's +/-2% depth sometimes only amounts to $10,000 to $40,000. Of the $7.14 million raised from the ICO, $7.14 million has been reserved for price protection.The founder stated that if the auction is redone, they would choose Uniswap CCA and use the Sonar platform fees to inject liquidity. Redemptions must check against the sanctions list, and Sumsub has flagged 5 individuals who did not pass, with reasons including terrorism and crime. Redemptions for non-sanctioned users have been automated, and the team will return USDC in batches and destroy the corresponding WHUF, which is expected to take at least several days. At the time of the project's issuance, 20% of the supply was sold, mainly raised from the community, and provided protocol usage rewards and ICO price protection.

Qianwen will launch Personal Agent "Qianwen Go!" to support cloud-based task delegation

According to Hard AI reports, Qianwen is about to launch the Personal Agent product "Qianwen Go!". In user-shared experience videos, the product can access flight booking platforms to find delayed flights and negotiate with customer service multiple times to secure a cash compensation of 70 yuan for users; it can also search through orders on Taobao that meet price protection conditions to recover a price difference of 52 yuan for users.Reports indicate that based on the Agent architecture, Qianwen Go has upgraded its scope of services, capable of handling tasks that require repeated checking, communication, and comparison. The initial application scenarios also include car maintenance inquiry appointments, sports venue bookings, and calculating the final price of refrigerators by combining subsidies, old machine recycling, and installation costs. The product operates in a cloud environment and can continue working even after the user closes the app. During task execution, it needs to determine the next steps based on results, such as changing entry points, platforms, or communication methods.Bank of America research on October 7 suggests that the Agent helps users complete tasks and purchases more smoothly, which is expected to expand overall online activities. Morgan Stanley estimates that the personal-oriented Chinese consumer AI monetizable market could reach approximately 300 billion yuan by 2030 and may reach 1.6 trillion yuan by 2040, with major revenue coming from advertising and transaction commissions. Citigroup raised its CPU market forecast on October 6, expecting the global CPU market size to grow from 29 billion dollars in 2025 to 300 billion dollars by 2030.

The success rate of the Zhipu legal model is nearly three times higher, and the testing cost is about one-seventieth of that of its competitors

The artificial intelligence company Zhipu released a legal-specific model GLM-Legal, which is further trained based on GLM-5.3-Flash. In the Harvey LAB evaluation covering 24 categories of legal services, the task pass rate increased from 6.7% to 19.2%, nearly tripling the original version, surpassing models like Kimi K3 and Claude Fable 5, and ranking seventh on the Vals AI leaderboard.When reviewing software service contracts, GLM-Legal suggested shortening the termination notice period from 60 days to 30 days and required service providers to offer up to 90 days of handover support. In another software project dispute involving 40 documents, it found that the company reported to the client that the project was 60% complete, while internal records indicated only about 41%. It also identified emails from the CEO requesting to conceal risks and continue charging, and analyzed potential legal liabilities in conjunction with contract terms.According to independent evaluations by Vals AI, the cost for GLM-Legal to complete a test is $0.15, while the closely performing Gemini 4 Argon costs $10.55, a cost difference of about 70 times. GLM-Legal took an average of 72 minutes, while the latter took 44 minutes. Zhipu stated that the model was trained specifically on legal data and conducted reinforcement learning in tens of thousands of simulated legal environments. Currently, GLM-Legal requires an API trial application.

The A-share banking sector strengthened, with a proposed interim dividend exceeding 260 billion yuan

The A-share banking sector rose against the trend today, with Industrial and Commercial Bank of China, China Construction Bank, and Bank of China collectively setting new historical records for their stock prices. Industrial and Commercial Bank of China reached a peak of 8.51 yuan during trading, with its market value briefly surpassing 3 trillion yuan, while China Construction Bank and Bank of China also hit new highs since their listings.So far, 21 A-share listed banks have disclosed their mid-term dividend plans for 2026, with a total proposed dividend exceeding 260 billion yuan. The six major banks have unified their dividend payout ratio, increasing from last year's 30% to 31%, with a total proposed dividend of approximately 221 billion yuan. Industrial and Commercial Bank of China leads with 53.853 billion yuan, followed by China Construction Bank, Agricultural Bank of China, and Bank of China with proposed dividends of 52.582 billion yuan, 45.393 billion yuan, and 38.343 billion yuan, respectively. Fifteen banks have increased their dividend ratios compared to last year, with Shanghai Rural Commercial Bank leading at 34.07%. Currently, seven banks, including Ruifeng Bank, Minsheng Bank, and Chengdu Bank, have completed their dividend payouts, totaling approximately 18.9 billion yuan.Market analysis suggests that high dividends and expectations for mid-term dividends are important driving forces behind this round of increases. Based on the latest stock prices, among the 42 A-share banks, 27 have dividend yields above 3%, with Bank of Communications and Postal Savings Bank at 4.32% and 4.22%, respectively, significantly higher than current deposit rates and the average annualized returns of wealth management products.
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