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SOL $98.75 -4.31%
TRX $0.3217 -3.07%
DOGE $0.0804 -2.84%
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LINK $11.08 -2.56%
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first_img The core ARR of China's open-source large models is approximately 6-8 billion USD

Robonomics author FD published the China Open-Source LLM Tracker on September 1, 2026, stating that the total ARR of China's open-source large models is approximately $10-15 billion, with core LLM revenue around $6-8 billion after excluding ByteDance / Seedance. Growth has not relied on price wars; after DeepSeek raised prices by about 3-12 times, usage still increased, and the average price of the Zhipu API rose by 101% while token usage exceeded 40 times within the year. The best estimate for overseas revenue is approximately $2 billion.Zhipu MaaS ARR increased from about $250 million in March to an annualized monthly rate of about $1.6 billion in August, with a weekly annualized rate of $2 billion. August revenue has already surpassed its API revenue for the first half of the year; the API gross margin is 24.6%, and inference costs per token decreased by 80%. MiniMax ARR rose from about $100 million in December 2025 to over $800 million in annualized weekly revenue by August 2026, with B2B accounting for about 80%. Kimi ARR increased from about $100 million in March to about $300 million by mid-June. DeepSeek's revenue from January to July was approximately $70 million, with the latest ARR estimated at about $1.2 billion.ByteDance's annualized AI revenue is approximately $4 billion, of which Seedance accounts for about $2 billion.

BitMine splurges $126 million to buy ETH, Eole increases holdings in HYPE

According to BBX data, yesterday global listed companies disclosed the latest developments in digital asset treasury allocation, financial performance, and compliance infrastructure expansion. The core information is as follows:BitMine purchased 51,000 ETH, valued at approximately $126 million: The latest transaction records show that the listed mining company BitMine made a significant purchase of 51,000 Ethereum (ETH) on September 2 through cryptocurrency broker FalconX and digital asset custodian BitGo. Based on the price at the time of the transaction, the total value of this purchase is approximately $126 million.Japanese listed company Eole increased its holdings by 8,709 HYPE: Japanese listed company Eole disclosed its latest treasury movements. Between July 30 and August 31, the company increased its holdings in the secondary market by approximately 8,709.57 HYPE, investing about $730,000. After this increase, its total holdings of HYPE have risen to approximately 9,787.82.OSL Group's total revenue exceeded HKD 55.8 billion in the first half of the year, with payment business dominating: The stablecoin payment and trading platform OSL Group (00863.HK) announced its interim results for the six months ending June 30. The financial report shows that the company's total revenue in the first half reached HKD 55.813 billion (a year-on-year increase of 65.8%). Among them, stablecoin and digital asset payment businesses have become the absolute core, contributing revenue as high as HKD 49.083 billion, accounting for 88% of total revenue.Coincheck Group partners with DFNS to enter the Japanese institutional custody market: Dutch-listed digital asset service provider Coincheck Group announced a strategic partnership with institutional financial infrastructure provider DFNS. The two parties will focus on in-depth cooperation around digital asset wallet technology and custody services in Japan. DFNS's underlying technology will be deployed to its Japanese subsidiary Coincheck, Inc., aiming to provide safe and reliable institutional-level digital asset custody and trading execution services while meeting local stringent regulatory requirements.

first_img Fomo and Robinhood Wallet credit card purchases of Memecoin suspected of circumventing card organization crypto regulations

The Block's investigation shows that on the social trading app Fomo and Robinhood's self-custody wallet Robinhood Wallet, users can directly purchase Memecoin using credit cards via Apple Pay or Google Pay without completing a separate KYC identity verification. Transactions can also accumulate points or cash back rewards as normal credit card rewards. The media tested the purchase of WIF, and transactions on the Visa and Mastercard networks were classified under merchant category code MCC 5815 (digital goods media), rather than the cryptocurrency asset categories MCC 6012 or 6051 as stipulated by card organization rules, which typically come with crypto tags and do not earn rewards.These transactions are supported by the Token Checkout product from the crypto infrastructure company Crossmint. Crossmint insists that this classification is appropriate, citing the joint guidance released by the SEC and CFTC in March of this year, which views certain Memecoins like WIF as "digital collectibles." However, Chase stated that the Visa transaction was not marked as a cryptocurrency purchase and that the classification was incorrect, and they have initiated a case review with Visa; the New York Attorney General's office also stated that it is reviewing the matter. Vanderbilt University law professor Yesha Yadav and other payment experts believe that the SEC's position and card organization rules represent "two completely different systems."
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