motive

Honda executives stated that if the U.S. and Canada cannot reach a new trade agreement by the end of this year, the automotive industry will face a disastrous situation. Trump previously threatened that if the two countries fail to reach an agreement, tariffs on Canadian cars and parts will increase from 25% to 50% starting January 1.

According to the Wall Street Journal, sources say that U.S. Secretary of Commerce Gina Raimondo opposes significant cuts to tariffs on automobiles, steel, and aluminum products from Mexico, causing negotiations for the U.S.-Mexico tariff agreement to stall.

NVIDIA CEO Jensen Huang accused the warnings from the head of a leading AI lab of being "dishonest" in an interview aired on CBS on Sunday. These warnings claimed that without more AI regulation, their products could pose various threats to humanity. Huang believes there are ulterior motives behind the warnings and stated, "Go read between the lines. They are not actually asking for more laws; they are asking for exemptions from our existing laws." He also remarked that using technology to scare the public is "irresponsible" and "unnecessary."Huang's comments align with the stance of former President Trump. Trump stated on Saturday that no new regulations are needed to ensure the safety of AI technology. Michael Kratsios, the director of the White House Office of Science and Technology Policy, also opposed government intervention. Last week, a group of leading AI CEOs called for a slowdown in AI development, with Anthropic CEO Dario Amodei publishing related articles, receiving support from OpenAI CEO Sam Altman and SpaceX CEO Elon Musk. Huang reiterated that slowing down development in U.S. labs would give China an advantage and stated that no more regulation is needed, only the application of existing laws.

AI entity operation platform Motive announced the completion of a $1.3 billion financing round, with General Catalyst participating through its Customer Value Fund; specific valuation data has not yet been disclosed.In addition, the company also disclosed that it has withdrawn its previously submitted S-1 registration statement, officially abandoning its plan to list on the New York Stock Exchange.

According to Gate market data, the Hong Kong Hang Seng Tech Index rose in the afternoon, turning positive, while the Hang Seng Index narrowed its decline to 0.44%. Technology and automotive stocks rebounded from their lows, with Sunny Optical Technology and Xiaomi Group both rising over 2%, and NIO, JD.com, Tencent Holdings, Meituan, and BYD Company all increasing by 1%.

Qualcomm released its Q3 2026 fiscal year financial report, with revenue of $9.95 billion, a year-on-year decrease of 4%, slightly higher than the market expectation of $9.67 billion; adjusted earnings per share were $2.21, basically in line with expectations; net profit was $2 billion. The chip business (QCT) revenue was $8.5 billion, of which mobile-related business was $5.1 billion, a year-on-year decrease of 20%; automotive electronics business revenue reached a record $1.59 billion, a year-on-year increase of 61%, achieving double-digit year-on-year growth for 23 consecutive quarters; Internet of Things business revenue was $1.83 billion, a year-on-year increase of 9%.Qualcomm expects adjusted earnings per share for Q4 to be between $2.05 and $2.25, below analysts' expectations of $2.36. CEO Cristiano Amon stated that revenue from Apple will enter a phase of accelerated decline, and due to supply chain constraints, Qualcomm's component share in the next-generation iPhone is "far below the previously estimated 20%." To cope with the contraction of its Apple business, Qualcomm is accelerating its diversification transformation, expecting its data center business to achieve approximately $5 billion in revenue by fiscal year 2027, and has completed the acquisition of AI software company Modular. Qualcomm plans to adjust prices for some products starting September 1 to address rising costs across the entire supply chain.

According to Gate market data, after two consecutive days of gains, Hong Kong stocks opened high again today, with the Hang Seng Index opening up 176 points at 25,487 points, and then fluctuating upwards, reaching a maximum increase of 426 points to a high of 25,737 points, with the gain slightly narrowing as it approached noon. By the close, the Hang Seng Index rose by 1.37%, the Tech Index rose by 2.2%, and the total market turnover expanded to HKD 173.04 billion.Li Auto surged by 10%, Xiaomi Group rose by over 9%, while Hua Hong Semiconductor and SMIC both fell nearly 8%.

According to a report by businesswire, the stablecoin and digital asset financial infrastructure service provider Cordant announced the completion of an $8 million seed round financing, led by Motive Partners and Oak HC/FT, with participation from Bankless VC, FJ Labs, SignalFire, Quona, Next Stage, Selah Ventures, Flatironx, Nascent Ventures, Silvercircle Ventures, and Generative Ventures. The new funds will support its introduction of new payment networks and AI automation tools.Cordant is collaborating with financial institutions on product co-development, covering banking, payments, embedded finance, cross-border transactions, stablecoins, and digital assets. Among them, the Latin American digital asset and payment platform Bitso and the blockchain infrastructure company Paxos are both participating as investors and design partners.

According to Gate market data, U.S. stocks opened with the Dow down 0.24%, the S&P 500 index down 0.62%, and the Nasdaq down 0.63%. Li Auto (LI.O) rose 2.8% after the company announced a $1 billion stock buyback plan. Amazon (AMZN.O) fell 1% due to a "service interruption" in its Amazon Web Services (AWS) region located in Bahrain.

ChainCatcher news, according to Globenewswire, ECD Automotive Design (NASDAQ: ECDA), the world's largest Land Rover and Jaguar repair company, announced that it has signed a $500 million equity financing agreement with ECDA Bitcoin Reserve LLC (hereinafter referred to as "the financing"). The proceeds from this strategic financing will enable ECD to implement an innovative Bitcoin reserve strategy, positioning the company as a next-generation value storage asset and/or for supporting growth and general corporate purposes.These initiatives align with ECD's plans to attract the Bitcoin and broader digital asset communities, which have created significant wealth over the past decade and represent a priority customer base. The company plans to explore ways to help these customers diversify their digital assets into high-end real-world assets (RWA), such as classic cars.In the next twelve months, ECD will offer a $21,000 vehicle upgrade credit to the first 21 customers who purchase new cars using Bitcoin, which can be freely chosen by the customers.

ChainCatcher news, according to The Miner Mag, Cango announced the sale of its domestic auto finance business to Ursalpha Digital Limited, associated with Bitmain's subsidiary Antalpha, for $352 million. This transaction is part of Cango's comprehensive transformation into the Bitcoin mining business.It is reported that the deal includes a $210.6 million advance payment made by Ursalpha, with additional installment payments contingent on fulfilling tax obligations and reducing credit risk exposure of the divested entity. Furthermore, Cango mined 530 BTC in March, bringing its total holdings to 2,475 BTC.

ChainCatcher news, according to CoinDesk, Europe's largest industrial technology company Siemens is collaborating with IoT distributed ledger builder Minima to embed blockchain technology into Siemens' devices in the automotive, robotics, and energy sectors.According to a press release from both parties on Tuesday, Minima is working with Siemens' Cre8Ventures division, which is part of Siemens' initiative to accelerate industrial transformation by collaborating with startups in areas such as artificial intelligence, digital twins, and cybersecurity. As computing power gradually shifts to the network edge, the demand for embedding security and data integrity in these edge devices is growing, which is where IoT-level blockchain technology comes into play.Minima CEO Hugo Feiler stated in an interview, "As the computing capabilities of edge devices improve, even large enterprise clients need to ensure the resilience of their systems. Therefore, the ability of these large enterprises to operate decentralized systems is also crucial for them. Decentralization is not just about removing them as intermediaries; it also allows them to expand their service offerings more deeply."

ChainCatcher message, in response to the previous articles by The Wall Street Journal and Bloomberg revealing discussions about the Trump family's crypto project WLFI and potential investments from Binance, the Trump family's crypto project WLFI stated that the unverified articles published by The Wall Street Journal, Bloomberg, and other media outlets seem to have political motives, indicating a disturbing agenda-driven news reporting pattern that harms the cryptocurrency industry.WLFI clarified: "WLFI is a DeFi project with a significant mission to establish a new financial system that benefits millions. It's that simple. We are honored to collaborate with many leading protocols and organizations to advance the blockchain industry. For anyone interested in the facts, we recommend ignoring false reports and not just looking at sensational headlines. Instead, please listen directly to official opinions."

ChainCatcher news, He Yi posted on X responding to the DDOS attack incident on GMGN, stating: "All attacks have motives. If you are being attacked, it means you are doing well. Keep it up."

ChainCatcher news, according to Bitcoin.com, South African fintech startup 6DOT50 recently announced a partnership with BTS and Serti Solutions to support the purchase of cars with cryptocurrency. Customers can buy new and used cars at over 1,400 dealerships using eight cryptocurrencies, including Bitcoin.It is said that its platform will utilize its voucher system to eliminate the risks associated with cryptocurrency by bridging the settlement gap between cryptocurrency and fiat currency. 6DOT50 claims to have processed approximately $1 million in cryptocurrency transactions at over 90,000 stores.

ChainCatcher message, Polymarket CEO Shayne Coplan responded on X regarding the platform's investigation by the U.S. Department of Justice: "It is frustrating that the current administration would make a last-ditch effort to go after companies they believe are associated with political opponents.We are firmly committed to a nonpartisan stance, and today is no exception, but the current administration should engage in some self-reflection and recognize that taking a more business-friendly and entrepreneurial approach could change the fate of this election for them.Polymarket has provided value to tens of millions of people during this election cycle, while harming no one. We take great pride in this. I can say with my head held high that the future of America, especially the future of American entrepreneurship, has never been brighter. In the face of adversity, we continue to build."

ChainCatcher message, the Aleo Chinese community has sent an open letter to a16z regarding the Aleo project, inquiring about issues such as whether "a16z has filed a lawsuit against the original Aleo team in a U.S. court" is true:Curious about a16z's original intention to invest in Aleo, can a16z share the vision and key reasons for supporting Aleo;The leadership change in Aleo Network, with Howard Wu being replaced by Alex Purden who has a16z background, has raised questions in the community about whether this change aligns with Aleo Network's long-term goals and strategy;Rumors are spreading about "a16z and other venture capital firms filing legal lawsuits against the original Aleo team in U.S. courts," causing deep concern in the community; are these rumors true?

ChainCatcher news, according to Jinshi reports, French President Macron stated that Telegram founder Durov was arrested due to a judicial investigation, with no political motives involved.

ChainCatcher news, according to Beincrypto, on-chain detective ZachXBT revealed that the ransomware gang involved in the June cyberattack on CDK Global (a major provider of software for U.S. car dealerships) received over $25 million in Bitcoin. Last month, CDK Global suffered an attack that disrupted its software, affecting approximately 15,000 car dealerships in the U.S.According to ZachXBT, an address linked to BlackSuit received a payment of 387 BTC on June 21. Subsequently, these funds were transferred to several centralized exchanges. BlackSuit emerged in 2023 and has become a notorious ransomware gang targeting U.S. companies. This payment aligns with a previous report by Bloomberg, which stated that CDK Global planned to pay a ransom to prevent its data from being exposed. The company has agreed to pay tens of millions of dollars to expedite its system recovery. However, CDK has not confirmed whether it paid the ransom. Instead, it announced last week that nearly all of its approximately 15,000 car dealership customers have almost fully restored online.