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The number of registered users on the Zhipu MaaS open platform (i.e., API users) has approached 7 million, an increase of about 2 million compared to early July, including 23,000 enterprise customers. The user count for the developer product ZCode, which competes with Codex, surpassed one million within one month of its launch.Since the beginning of this year, Zhipu's ARR has grown 15 times. It is understood that after the release of new models by Kimi and Alibaba, Zhipu's ARR growth rate has not been affected. Some investors have revealed that the current ARR has reached $2 billion, but Zhipu's official stance has denied this, with people close to the company indicating that the actual figure should be higher. On July 21, it was reported that Zhipu has built a domestic AI computing power infrastructure with a scale of 1GW. It is understood that more than 50,000 domestic computing chips have been activated to alleviate the growing inference demand. On July 31, Zhipu's long-term Coding Plan, which had significantly increased in price, was opened for purchase.

Grayscale Research Director Zach Pandl stated that the global alternative asset market has grown nearly 7 times since the 2008 financial crisis, with the share of private equity, private credit, hedge funds, physical assets, and cryptocurrency in global portfolios continuing to rise. According to the data he cited, within alternative assets, private equity accounts for about 29%, hedge funds about 23%, and cryptocurrency about 13%.Zach Pandl mentioned that differences in intergenerational allocation preferences may further strengthen this trend. According to a Bank of America survey of high-net-worth individuals, investors aged 21 to 43 allocate about 53% of their assets outside of traditional stocks and bonds, while the proportion for those aged 44 and above is 26%. With over $100 trillion in wealth expected to transfer to younger generations in the coming years, their stronger preference for alternative assets may provide ongoing tailwinds for cryptocurrency.He added that the lowering of entry barriers to alternative assets is one of the reasons for this shift, with cryptocurrency developing along similar paths; regulated products like Bitcoin ETPs and institutional-grade market infrastructure provide more convenient access to exposure.

Microsoft plans to publicly release its next-generation Maia 300 AI chip this fall (possibly as early as September). To meet delivery demands for 2027, Microsoft has engaged with TSMC to secure manufacturing capacity for over 300,000 units of the chip.

Bitget's head of Greater China, Xie Jiayin, issued a statement indicating that in response to the abnormal price marking incident involving TUT and two other trading pairs on August 9, Bitget will compensate affected users who meet the criteria, with a total compensation amount of nearly 40 million USD. The compensation will be calculated based on the user's account equity at 15:00 on that day, addressing related losses caused by forced liquidation of short positions during the period of abnormal price fluctuations.Xie Jiayin also stated that Bitget will continue to uphold the concept of "a warm exchange," ensuring the protection of user rights for retail, VIP, and institutional clients alike. After handling the incident, the platform will continue to review and promote the continuous iteration of products and related mechanisms.

The People's Bank of China proposed in the "Fifteenth Five-Year Reform and Development Plan of the People's Bank of China" to optimize financial infrastructure and the central bank service system, improve payment, treasury, and cash services, steadily develop the digital renminbi, and promote high-quality development of the credit reporting industry, as well as strengthen anti-money laundering supervision, to support the construction of a strong financial nation and high-quality economic development.Strengthen the governance foundation for the central bank's responsibilities, and comprehensively promote the construction of a law-based central bank and a digital central bank.

Yushu Technology was founded in 2016 and received seed round investment from early angel investor Yin Fangming, who invested 2 million yuan for a 15% equity stake, marking Yushu Technology's first external investment at that time.After several rounds of financing dilution, as of the IPO, Jun Wan Hong Yi, controlled by Yin Fangming, held 11,174,900 shares, with a shareholding ratio of approximately 2.76%, making him the tenth largest shareholder of Yushu Technology. Based on an issuance market value of 61 billion yuan, the market value of his shares is approximately 1.685 billion yuan. Compared to his initial investment of 2 million yuan, he netted 1.683 billion yuan, achieving a return rate of 841.5 times.

According to the latest research by TrendForce, driven by rising prices of components such as memory, the material cost of the 256GB iPhone 18 Pro is expected to increase by about 38% year-on-year, making a retail price increase unavoidable. Apple may ease the extent of the price increase by sacrificing some gross margin to maintain shipment volume and market share. Analysis shows that the proportion of memory in the BOM cost of the last two generations of Pro models has risen from about 10% a year ago to about 34% in Q3 2026, and it is expected to exceed 40% in the first half of 2027. Memory has become the largest single cost item for the iPhone, replacing the traditional dominance of application processors and displays.TrendForce points out that Android manufacturers are facing greater profit pressure, especially mid-range and low-end models, with some brands potentially forced to significantly raise prices or discontinue loss-making product lines. Since early 2025, memory prices have increased by 5 to 7 times, and it is expected that global smartphone production will continue to be under pressure from the second half of 2026 to 2027. Apple may also adjust the pricing of older models in sync with the launch of new products to partially offset the impact of rising memory costs.

CryptoQuant analyst Darkfost stated that since May, the total market capitalization of stablecoins has lost nearly $15 billion, decreasing from about $280 billion to $266 billion.From October last year to May this year, the market capitalization remained stagnant, indicating that there has been no liquidity inflow or insufficient liquidity. Now, even though Bitcoin's price has stabilized, demand has not recovered, and this weakness hinders the rebound of Bitcoin's price. In contrast, the decline in the market capitalization of stablecoins indicates that liquidity in the crypto market is actually draining away.

According to the latest supply chain survey by TrendForce, despite the United States implementing export controls on high-end GPUs, China's AI industry has not slowed down; instead, it is accelerating the construction of a domestic AI supply chain. The report points out that the supply structure of high-end AI chips in China is shifting from reliance on imported GPUs to a dual-track model of "domestic GPUs plus self-developed ASICs," with domestic solutions expected to capture nearly 90% of the Chinese high-end AI chip market by 2026.This year, the Chinese government is actively promoting the adoption of domestic AI chips, with policies prioritizing support for high-potential local manufacturers to significantly expand their market share in the high-end AI server market. Meanwhile, the domestic ecosystem is gradually maturing in key areas such as advanced processes, advanced packaging, and thermal management. TrendForce expects that, against the backdrop of an accelerated domestic substitution process, domestic chip manufacturers like Huawei Ascend, Cambricon, and Haiguang are likely to continue benefiting, and the related industrial chain will usher in structural growth opportunities.

According to SoSoValue data, the overall cryptocurrency market sector shows a slight upward trend, with Bitcoin (BTC) rising 0.57%, breaking through $65,000; Ethereum (ETH) rising 0.48%, breaking through $1,900. The meme sector performed outstandingly, rising 0.36% in 24 hours, with Tutorial (TUT) rising 52.38%, Pump.fun (PUMP) rising 11.39%, and Pepe (PEPE) and FLOKI rising 2.47% and 2.81%, respectively.In other sectors, the Layer1 sector rose 0.27% in 24 hours, with Solana (SOL) rising 1.44%; the PayFi sector rose 0.25%, with Monero (XMR) rising 3.8%; the CeFi sector rose 0.14%, with Aster (ASTER) rising 1.59%; the Layer2 sector fell 0.23%, with zkSync (ZK) rising 2.41%; the DeFi sector fell 0.91%, with Curve DAO (CRV) rising 6.39%; additionally, the AI sector fell 1.76%, but Worldcoin (WLD) rose 6.61%; the GameFi sector fell 3.97%, with Audiera (BEAT) falling 6.65% and WEMIX falling 3.08%.The cryptocurrency sector indices reflecting historical market trends show that the ssiNFT, ssiMeme, and ssiAI indices rose 2.85%, 0.63%, and 0.6%, respectively.

On-chain analyst Tom Wan posted on the X platform, stating that the total market value of on-chain assets related to Robinhood has reached 1 billion USD. Among them: stablecoin assets account for about 58%; Ethereum (ETH) accounts for about 28%; yield-bearing stablecoins account for about 10%.

Software company Strategy holds nearly 850,000 bitcoins, valued at just over $50 billion, with some recent purchases financed through debt and stock issuance. Michael Saylor's wealth has fluctuated with the price of bitcoin since he shifted the company to a bitcoin accumulation business in 2020. Michael Saylor stated that last year, with the help of an AI chatbot, he earned $15 billion through the company's issued bitcoin-backed preferred stock.The annual dividend yield of STRC issued by Strategy is 12%, and the recent price has rebounded to nearly $100, having dropped to about $75 in late June. Over the past year, the value of Strategy's common stock has decreased by about 80% alongside the price of bitcoin. The company recently sold some bitcoins to manage debt and dividend commitments and has established a $4 billion cash reserve to provide about two years of funding support for future financing. Michael Saylor also mentioned that last May, he used ChatGPT to conduct in-depth research to design the company's convertible preferred stock product.

According to on-chain analyst Yu Jin (@EmberCN), the token Tutorial (TUT) has recently experienced significant volatility, with its price rising from $0.045 to $0.305 in the past 24 hours, marking an increase of nearly 6 times. During the same period, the total spot trading volume across the network was approximately $570 million, while the contract trading volume was around $2.5 billion.On-chain data shows that recent major transfer activities of TUT have been concentrated among market makers or large holding addresses reallocating between various centralized trading platforms, particularly characterized by transfers from Binance to Bitget. In the past day, approximately 160 million TUT has flowed into Bitget, accounting for 20% of the total token supply.

The BSC ecosystem project TUT's price has fluctuated today. According to Gate's market data, its spot price has risen over 200% in the last 24 hours, currently at $0.11. In the past hour, after a rapid increase, the token quickly fell back, with a decline of over 44% in the last hour.It is worth noting that this token has been continuously soaring recently, with an increase of over 10 times in a week. Against this backdrop, TUT contract trading has been active, and under today's significant volatility, TUT has become the cryptocurrency with the largest contract liquidation volume in the last hour. As of the time of writing, TUT has seen $34.02 million in liquidations in the last hour, with $32.78 million from short positions. Multiple short positions exceeding one million dollars have been liquidated on CEX.

According to The Information, Cursor informed employees that its sale to SpaceX could be completed as early as next week, with a transaction size of approximately $60 billion. After the deal is finalized, Cursor employees will be integrated into the SpaceXAI team.Meanwhile, the Cursor brand may no longer be used for some new products in the future, including an upcoming general agent product, which may be released under the name Grok Bot.

In response to the doubts regarding a large number of users being unable to withdraw funds after the shutdown, BitMart founder Sheldon stated on the X platform: "1. We have not run away, nor will we. 2. Many rumors and so-called revelations from former employees and current employees, screenshots, etc., please do not believe in rumors. 3. The core team is still conducting asset inventory, asset collection, and system maintenance work; orderly refunds are our goal, please wait for announcements and notifications. 4. We have not misappropriated assets, nor have we engaged in early withdrawals or evacuations; we have considered the involvement of courts and third-party auditing agencies to provide a transparent report."

On July 29, the U.S. Department of Commerce signed letters of intent with seven companies, totaling up to $874 million, to support seven "post-GPU era" underlying technology routes such as CPO, ferroelectric memory, and 3D packaging in the form of equity investments. This marks a shift in the U.S. chip strategy from "capacity reshoring" to "technology route selection."The seven companies and their technology directions include: GlobalFoundries (CPO silicon photonic integration, $300 million), Kepler Computing (ferroelectric 3D memory, $245 million), Multibeam (multi-electron beam direct-write lithography and advanced packaging, $140 million), Extropic (thermodynamic sampling unit TSU, $75 million), Thintronics (ultra-low loss dielectric materials, $50 million), Aeluma (large-size phosphorus-free optoelectronic device substrates, $30 million), and OBSIDIA (hardware zero-trust chip anti-counterfeiting, $34 million). All companies are required to provide non-controlling minority equity to the U.S. government.This move shows that the funding usage of the CHIPS Act is shifting from subsidizing wafer fabs to directly holding equity in cutting-edge technology companies with national capital, in order to secure rule-making authority in the post-Moore era.

Micron Technology stated to Deutsche Bank at the FMS 2026 conference that AI is reshaping the memory industry landscape, with the proportion of memory in the total value of systems rising from about 10% thirty years ago to nearly 50% currently, and this trend is accelerating. Currently, both DRAM and NAND are in a state of supply shortage. Due to the need for physical disassembly of systems for memory upgrades, the demand for memory in AI systems is more rigid, and price elasticity is lower than market expectations. The Strategic Customer Agreement (SCA) is expected to cover about 40% of sales, providing a price stability mechanism for both parties.Micron's management described the demand for CPU-side AI Agents as "pre-season warm-up," viewing it as a new pillar of growth outside the GPU ecosystem. For emerging technologies like SRAM, Micron believes their scalability is limited and cannot challenge the core position of HBM, with only about 5% of systems currently running such specific workloads. Deutsche Bank maintains a "Buy" rating, believing Micron has a unique advantage of "growth without sacrificing profits." During FMS, Sandisk and SK Hynix jointly released the first HBF technical specifications, but Micron believes that its actual value and commercialization prospects remain controversial.

According to the latest stock derivatives exchange ranking released by RootData, the top five exchanges account for a total market share of 79.36%; among them, Binance alone occupies 46.98%, nearly half of the entire market, showing a significant head effect.In addition, among the other top five exchanges, OKX has a market share of 12.16%; Hyperliquid has a market share of 9.52%; Bitget has a market share of 5.89%, and Gate has 4.81%, still with a considerable gap compared to Binance.

TrendForce's latest research shows that global capital expenditures of the top nine cloud service providers are expected to grow by approximately 90% year-on-year in 2026. The procurement willingness for NVIDIA's full rack AI servers has significantly increased among hyperscale CSPs and Tier-2 data centers. The new generation ASIC platforms from Google and AWS will gradually ramp up in the second half of 2026, prompting the year-on-year growth rate of AI server shipments to be revised from 28% to nearly 31%.