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Binance Research: Generation Z investors prefer ETFs, with lower trading frequency and leverage usage compared to other age groups

Binance Research data shows that Generation Z investors are gradually shifting towards long-term asset allocation tools such as ETFs. Compared to Millennials, Generation X, and Baby Boomers, their trading frequency is lower, and their preference for leverage is also weaker.Data indicates that at the beginning of August, ETFs accounted for 25% of the stock trading volume among Generation Z users. In July, the proportion of net inflows into stocks from ETFs for Generation Z reached 21.9%, up from 18.5% in June; during the same period, the proportion of individual stock investments decreased from 77% to 74.2%.Binance Research analyzed trading behaviors in direct stocks, tokenized stocks, and traditional financial perpetual contracts. The data shows that Generation Z's trading activity in all three asset classes is lower than that of other working-age groups.Among them, Generation Z's traditional financial perpetual contract accounts traded an average of 13 times per month, lower than the 17 times of Millennials and 16.5 times of Generation X. In direct stock accounts, 22% of Generation Z users have never sold stocks, higher than the 19% of Generation X and 9% of Baby Boomers.Among Generation Z accounts that bought but did not sell, the assets with the highest cumulative purchase amounts include Broadcom, Tesla, and Charles Schwab U.S. High Dividend Stock ETF.In terms of leveraged products, Generation Z shows a lower risk appetite. Data indicates that 88.2% of Generation Z's traditional financial perpetual contract accounts have never traded leveraged or inverse ETFs, higher than the 84.5% of Millennials and 85.9% of Generation X.Additionally, the tokenized stock market continues to expand. Data shows that Binance's bStocks recently briefly surpassed Kraken's xStocks, becoming the second-largest tokenized stock issuance platform globally. As of the latest data, Ondo Finance ranks first with approximately $972 million in tokenized stock value, while xStocks and bStocks are approximately $611 million and $580 million, respectively.

The reward range for Gate Card points has been expanded, allowing card usage to unlock gold stablecoins and popular tokenized stock assets

According to official news, Gate will upgrade the Gate Card points reward program on August 14, 2026. After the upgrade, the assets that can be redeemed with Gate Card points will expand from primarily supporting USDT and GT to include USDT, GT, BTC, ETH, GUSD, as well as tokenized stock assets such as NVDAG, AAPLG, GOOGLG, SPCXG, TSLAG, MUG, SNDKG, and SKHYG, corresponding to Nvidia, Apple, Google, SpaceX, Tesla, Micron Technology, SanDisk, and SK Hynix. The newly added tokenized stock assets cover several popular fields such as AI, semiconductors, and consumer technology. After earning points through eligible daily spending, users can redeem mainstream crypto assets like BTC and ETH according to their preferences, or they can redeem corresponding tokenized stock assets like Nvidia, Apple, Tesla, and SpaceX. In addition, Gate Card points will also support the redemption of gold-backed stablecoins (XAUT), effectively enriching users' options for point redemption.The redemption ratio for Gate Card points remains at 100 points = 1 USDT equivalent asset, and points are permanently valid, with other core rules unchanged. Users can still earn cashback points through eligible Gate Card spending, with the cashback ratio continuing to be calculated based on the user's T0--T5 / VIP level. This upgrade will not affect the existing point acquisition mechanism but will provide users with more asset choices at the redemption end, expanding the application scenarios for Gate Card points. By upgrading the points reward program, Gate Card will further connect payment consumption with asset accumulation, offering users richer rights options and a more flexible asset management experience.

first_img GSR Market Director: Many tokenization platforms lack real trading volume, and speculation has exceeded actual usage

According to a report by Cryptonomist, GSR's market director Spencer Hallarn stated in an interview that the hype around tokenization has surpassed the actual usage on many platforms. The issue lies not in the market's demand for tokenized assets, but in the design of the platforms themselves. He pointed out that many walled garden-style tokenization platforms with strict KYC requirements generally lack meaningful trading volume, as cumbersome access and compliance processes limit activity.Hallarn believes that the real opportunity is not in tokenizing for the sake of tokenization, but in fixing the underlying pipelines of traditional banking and settlement systems, specifically the infrastructure for transferring funds and assets between institutions. This would make tokenization more of an infrastructure repair rather than merely a narrative of crypto products.He also mentioned that the stagnation in the crypto market this year is largely due to funds shifting towards AI infrastructure, with large tech companies raising substantial amounts of capital for AI infrastructure through equity financing, tightening the liquidity of various assets, and crypto is no exception. Its clients are also shifting from chasing short-term momentum to long-term budget planning, over-the-counter hedging, and RWA. If AI investment cools down and the Federal Reserve lowers interest rates, liquidity is expected to improve and support Bitcoin prices.

first_img Safe Q2 transaction volume reached a record nearly 130 million, with continued compound growth in smart account usage

According to the Q2 2026 report released by the Safe Ecosystem Foundation on Wednesday, Safe smart accounts processed nearly 130 million transactions in the second quarter, setting a quarterly historical record with a 5.7% quarter-over-quarter growth. The total number of accounts reached 63.4 million, a year-on-year increase of 20%, and the monthly active accounts in June rose to 2.73 million. The transaction volume in April alone reached 55.4 million, the highest in history. The quarterly transfer amount reached $39.3 billion, a year-on-year increase of 8%, and the self-custodied assets at the end of the quarter amounted to $27.24 billion (including $6.48 billion in stablecoins), with project revenue of $1.98 million, a year-on-year increase of 42%.Co-founder Lukas Schor stated that Safe is evolving from a mere asset holding tool to a broader range of use cases, with usage continuing to grow at a compound rate in a weak market. The Safenet Beta, launched on April 2, attracted 54.8 million SAFE staked (with 539 stakers) in its first quarter and has checked over 500,000 transactions, operated by six validators including Greenfield and Gnosis. Additionally, after the KelpDAO attack incident, Aave-led DeFi United coordinated approximately $300 million through Safe smart accounts to help restore rsETH support, with over 142,000 wallets participating. The SAFE token rose 4.2% in the past 24 hours.

first_img OpenAI resets all ChatGPT Work and Codex user usage, with an expected extension of about 18% after optimization

On July 29, Tibo, the product lead for OpenAI Codex, announced on X that all usage limits for ChatGPT Work and Codex users have been reset, and released a statement regarding the issue of rapid consumption of GPT-5.6 Sol usage.In the previous weeks, a large number of users reported that the consumption speed of Codex limits exceeded expectations. OpenAI emphasized that it has not reduced the usage quotas of any subscription plans. After investigation, several reasons were found: Sol is more inclined to work for longer periods, execute more tool calls, and coordinate complex workflows than previous models; it consumes more tokens at the same reasoning level; programmatic tool calls (code mode) allow Sol to execute tool calls in parallel, resulting in more responses and higher usage per round; the distribution of impact is extremely uneven, with median user efficiency being acceptable, but heavy users handling complex tasks consuming far more than expected.OpenAI stated that multiple improvements have been completed, and it is expected that usage endurance will be extended by about 18% in typical usage scenarios. Tomorrow, the five-hour limit that was paused during the investigation will be restored. OpenAI acknowledged that "capabilities and efficiency do not always improve synchronously, and some issues only become apparent after large-scale real-world use; we should have realized this earlier."

Anthropic: The Claude subscription service will no longer cover the usage rights for third-party tools such as OpenClaw

AI company Anthropic announced that starting from April 4 at 15:00 Eastern Time, it will prohibit access to third-party tools through the Claude subscription service, including the open-source project OpenClaw. The new regulations require that related features can only be used through additional packages or billed on a pay-as-you-go basis via API.This adjustment means that many developers and teams relying on OpenClaw to build automated workflows will shift from a fixed subscription cost model to an unlimited pay-as-you-go system, significantly increasing overall usage costs. Some developers have indicated that the original usage cost of about $20/month could soar to hundreds or even thousands of dollars.The market generally believes that this move is related to OpenClaw founder Peter Steinberger's recent joining of OpenAI. Meanwhile, Anthropic is accelerating the promotion of its own tool ecosystem, including native integration solutions for Claude, to replace third-party toolchains.It is worth noting that Anthropic has previously tightened third-party access through technical restrictions, updates to service terms, and feature replacements. This policy is seen as a "final blockade" and will be extended to more tools.Industry analysis points out that this event reflects an intensifying trend of "ecosystem tightening" in AI platforms, with leading companies strengthening control through vertical integration. At the same time, the developer ecosystem faces rising cost uncertainties and platform dependency risks, which may further drive some users toward more open alternatives.

Hong Kong Financial Services and the Treasury Bureau: Currently exploring arrangements and feasibility for upgrading the digital currency wallet to increase usage limits and expand application scenarios

The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, introduced the development of stablecoins and digital renminbi in Hong Kong, stating:The People's Bank of China and the Hong Kong Monetary Authority are working closely together to optimize the arrangements for digital renminbi. Currently, the number of mainland operating institutions responsible for operating digital wallets has increased from four to five, while the number of local Hong Kong banks participating in the "Faster Payment System" for digital wallets has increased from 17 to 18. The number and usage of digital wallets opened with Hong Kong mobile numbers have shown stable growth.According to the People's Bank of China, as of the end of January 2026, approximately 80,000 digital wallets have been registered. The Hong Kong Monetary Authority and local banks have been actively promoting the application of digital renminbi in Hong Kong. Currently, the number of local merchant retail points accepting digital renminbi has increased from about 300 to approximately 5,200, covering chain retail stores, hotels, travel agencies, restaurants, convenience stores, and supermarkets.The People's Bank of China and the Hong Kong Monetary Authority are exploring the arrangements and feasibility for upgrading digital wallets to increase their usage limits, expand application scenarios, and enhance user experience. As the policies and technical details involved still require in-depth discussion, specific plans and timelines are yet to be finalized.Stablecoins and central bank digital currencies (such as digital renminbi), as well as other new payment tools, including tokenized deposits and cross-border connections for rapid payment systems, have the potential to be applied in transaction settlements, local or cross-border payments, and other scenarios, provided they comply with relevant legal and regulatory requirements.These payment tools each have their own characteristics and varying degrees of maturity, and their future development prospects are largely determined by market forces. The government and financial regulatory agencies will continue to explore the potential and application scenarios of various new payment tools, better leveraging their synergies to address more pain points in the real economy.
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