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first_img The Central Bank of the Philippines plans to freeze the registration of payment operators for 12 months, tightening VASP regulation

The Bangko Sentral ng Pilipinas (BSP) has released a proposed announcement to suspend the acceptance of new applications for registration of payment system operators (OPS) for 12 months and to implement stricter controls on payment arrangements involving virtual asset service providers (VASP). The BSP stated that this move aims to conduct a comprehensive review of its classification and licensing framework.According to the draft, during the suspension period, the BSP will stop accepting and processing OPS applications. Applications submitted prior to the suspension can continue to be evaluated, but will not be approved or rejected until the suspension ends. Relevant entities are prohibited from conducting business activities that require OPS registration unless they obtain special authorization from the regulatory agency. In addition, BSP-regulated entities providing merchant acquiring services must connect licensed VASPs through direct merchant arrangements, and such relationships will be subject to enhanced due diligence, transaction and settlement limits, and other risk control measures.This requirement applies to virtual asset enterprises licensed, registered, or authorized by the BSP, the Securities and Exchange Commission of the Philippines, or other regulatory agencies, with VASPs being categorized alongside betting, gaming, adult industry, and money service businesses. If the draft is ultimately approved, it will take effect 15 days after publication, and the BSP is currently seeking public comments.

first_img ASUS and GIGABYTE have raised the prices of graphics cards in mainland China, with increases of up to 500 yuan

ASUS and Gigabyte, among other graphics card manufacturers, plan to raise product prices in the mainland Chinese market again in September, by up to 500 yuan (approximately 2,300 New Taiwan dollars). The price increase effect will also boost the performance of ASUS, Gigabyte, MSI, Leadtek, and Chengqi.According to reports from mainland Chinese media IT Home, ASUS will raise the net cost price of the NVIDIA RTX 5070 series by 150 to 300 yuan in September, while prices for other series models will remain unchanged. Gigabyte will increase the price of all models in the NVIDIA RTX 5060TI 16G series by 200 yuan in September, while other models will remain the same. AMD's RX 9070 XT series will increase by 200 yuan; the RX 9060 XT 16G/8G series will increase by 200 to 250 yuan; and the RX 7650 GRE series will increase by 400 yuan.The main reason for the price increase is the shortage of memory, and production capacity has also shifted towards manufacturing AI computing power GPUs. NVIDIA has again lowered the overall shipment volume of consumer GPUs by 15% to 20% for the third quarter, and the estimated supply for various brands in September is similar to that in August, with supply still tight. The high-end models such as the NVIDIA RTX 5080 and 5070 TI remain among the most out-of-stock models. This year, NVIDIA has raised graphics card prices multiple times, and September marks another increase.

first_img Delphi Digital: China's AI Laboratory is Transforming Intelligent Economics

Research institution Delphi Digital stated that hardware limitations are driving Chinese laboratories to shift towards cheaper models and more efficient technology stacks. Export control restrictions limit their access to advanced chips, while domestic accelerators can handle inference, but cutting-edge training remains difficult to achieve. Chinese laboratories are innovating in system efficiency, model architecture, training data, and reinforcement learning. DeepSeek has found a way to avoid GPU idle data movement, and ByteDance and Moonshot are set to release similar versions within months.In terms of architecture, training is shifting to cheaper digital formats that are compatible with domestic chips. Sparse architectures reduce the runtime per token, and the attention mechanism has been redesigned three times to control the memory costs of long context. In terms of data, denser prediction targets and better optimizers enhance the learning signal per token. In reinforcement learning, DeepSeek's GRPO has become the default recipe, with ByteDance, Alibaba, and MiniMax each launching successor plans within a year. Chinese models are now among the lowest-cost cutting-edge adjacent systems.On OpenRouter, the proportion of token consumption by Chinese developed models is expected to rise from less than 1.2% at the end of 2024 to the majority by 2026. The Chinese AI market is experiencing a price war from 2024 to early 2026, with several laboratories implying revenue multiples of about 47-117 times, while Anthropic and OpenAI are around 15-21 times. Huawei's Ascend chips are currently available for inference, and DeepSeek reportedly attempted to train R2 on Ascend but returned to NVIDIA after encountering technical issues. Domestic accelerator supply remains below estimated demand.

SafePal updates on security incident progress: launching anti-phishing actions and will commission a third-party agency to review the order system

The cryptocurrency wallet project SafePal has released updates on the security incident, stating that it is continuously tracking phishing websites and impersonation accounts, and plans to introduce a professional anti-phishing security company to expedite the removal of malicious information to protect user asset security. SafePal mentioned that it is currently in the final selection process among four professional anti-phishing security companies, and once a partner is selected, it will further enhance the efficiency of handling threats such as counterfeit websites and scam accounts.The team is also continuously monitoring whether the affected data has been sold or made public, including channels such as dark web forums and trading markets. Once signs of data leakage are detected, affected users will receive risk alerts immediately. Regarding security audits, SafePal stated that it is in the final selection among three mature independent security institutions, which will conduct a comprehensive security review of the order system. Meanwhile, the team is reassessing the order and logistics processes to reduce the amount of data that needs to be stored in the initial phase of the system, thereby reducing potential risks from the source.For affected users, SafePal stated that it will continue to provide one-on-one assistance through official support channels and will keep updating the fraud protection page, providing updates on the incident, FAQs, and analysis of fraud cases. SafePal once again reminds users: the official will never ask users to provide their seed phrase. Users should not disclose their seed phrase to anyone, should not scan unknown QR codes or click on suspicious links, and should verify the source of information through official channels.

The IRS warns of new cryptocurrency phishing attacks: counterfeit letters use QR codes to steal wallet private keys

According to CoinDesk, the Internal Revenue Service (IRS) has issued a warning that a sophisticated email phishing campaign targeting U.S. cryptocurrency holders is spreading. Attackers are impersonating official tax letters to lure users into scanning malicious QR codes to steal cryptocurrency wallet credentials and private keys.It is reported that attackers are sending paper letters impersonating the IRS, creating a sense of urgency under the guise of "tax compliance" and "account verification," and including QR codes in the letters. Once users scan the code, they may be directed to a counterfeit website, leading to the leakage of wallet login information, recovery phrases, or private keys, resulting in the theft of digital assets.The IRS reminds taxpayers that official agencies will not request users to provide cryptocurrency wallet private keys, recovery phrases, or perform similar "wallet verification" operations through unofficial channels. Cryptocurrency holders should be vigilant against any suspicious emails and letters that request scanning QR codes, connecting wallets, or submitting sensitive information.As the number of cryptocurrency asset holders grows, social engineering attacks targeting digital wallets continue to increase, and regulatory and security agencies are strengthening warnings against related fraudulent activities.
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