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Up 33 bps! Small and medium-sized banks hike rates against the trend, possibly forced by large banks’ long-term jumbo certificates of deposit making a comeback
[ME AI]() News: The deposit market has recently undergone clear structural changes, with rural commercial banks and village banks in counties across Hubei, Guangdong, and other regions raising medium- and long-term time deposit rates against the trend, with the largest single increase reaching 33 basis points. The current deposit market shows significant divergence: some regional banks continue to reduce deposit costs and cut rates, while some local small and medium-sized banks are raising deposit quotes in the opposite direction. These two-way movements reflect the fierce deposit-gathering competition currently facing county-level banks. (Source: Wallstreetcn)
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“Chicago White Sox vs. Boston Red Sox” 24H trading volume reached $1.5M
ME News, August 7 (UTC+8) — Prediction market data shows that the “Chicago White Sox vs. Boston Red Sox” market reached $2.3M in trading volume over the past 24 hours, with market participation increasing significantly.
ME0.66%
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The Tokyo Stock Exchange plans to re-review listed companies undergoing major transformations, potentially affecting crypto treasury companies.
ME News, August 7 (UTC+8) — The Tokyo Stock Exchange plans to establish a re-examination system based on its initial listing review for companies that undergo major business transformations after listing, resulting in significant concerns over their listing eligibility; companies that fail the review may be delisted, and the relevant stocks may be marked and investors alerted during the review. The system may also cover companies that undergo major changes in control or management and launch new businesses. The Tokyo Stock Exchange did not name any specific crypto treasury companies, but such companies may not be excluded from the scope of the review. (Source: Foresight News)
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Unitree Technology’s Wang Xingxing: High-performance general-purpose robots are a key breakthrough for addressing labor shortages
[ME AI]() News: Wang Xingxing, chairman, general manager, and chief technology officer of Unitree Robotics, said during an online roadshow that, driven by the multiple needs arising from an aging population, rising labor costs, and the need to improve production efficiency and quality of life, high-performance general-purpose robots capable of assisting humans in performing various tasks have become an important breakthrough for addressing labor shortages and efficiency bottlenecks, with broad market demand. (Jinshi) (Source: MLion)
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Dow Ends Five-Session Winning Streak; SpaceX Rebounds Over 6% on Lock-Up Expiration Day; Memory Chip and AI Application Stocks Plunge
ME News, August 7 (UTC+8) — German Business Singularity news roundup:
·U.S. stock performance: On Thursday U.S. Eastern Time, the three major indexes all closed lower. The Dow fell 0.85% to 53,885.1 points, ending a five-session winning streak; the S&P 500 fell 0.18% to 7,709.96 points; and the Nasdaq fell 0.06% to 26,348.35 points. Major technology stocks were mixed, with Microsoft rising 2.54% to a new high since November last year, Apple gaining 0.45%, Nvidia falling 0.10%, Amazon declining 0.14%, Tesla falling 0.63%, and Google dropping 1.29%.
·SpaceX rebounds more than 6% on lock-up expiration day: SpaceX (SPCX.US) rebounded 6.14% on Thursday to close at $114.92. More than 911 million SpaceX shares became eligible for trading that day. The market had initially feared selling pressure, but as the lock-up period expired, concerns񎟿
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China’s Cyberspace Administration publicly solicits opinions on the “Provisions on the Protection of Personal Information by Large-Scale Personal Information Processors (Draft for Public Comment)”
[ME AI]() reported that large-scale personal information processors should follow the principles of legality, legitimacy, necessity, and good faith when processing personal information, comply with laws and administrative regulations, and respect social morality and ethics. Large-scale personal information processors collecting personal information should adhere to the principle of minimum necessity, limiting collection to what is necessary to provide products or services, and must not excessively collect personal information. (Source: Wall Street News)
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A Bitcoin wallet dormant for 15 years transfers out $3.2 million worth of BTC
ME News reported that a long-dormant Bitcoin wallet transferred nearly 50 BTC, worth approximately $3.2 million, on Thursday. The wallet bought 49.97 BTC in 2011 at approximately $10 per coin and has now transferred it to a SegWit address that previously sent BTC to FalconX and received funds related to Nexo/Prime Trust. The newly transferred BTC has not yet left. The move came as holders reexamined their storage setups following the exposure of a vulnerability in Coldcard hardware wallets; there is no evidence that the 2011 wallet was related to the vulnerability.
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BTC-0.56%
NEXO0.27%
PRIME2.41%
TRUST-0.13%
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Avalanche Foundation launches a research grant program focusing on tokenomics and validator mechanisms
The Avalanche Foundation announced a global research grants program, offering up to $50k per grant and focusing on network economics research across two areas: first, crypto asset pricing and valuation and their accumulation mechanisms; second, validator economics and network security, covering staking, yield, health, and non-inflationary rewards.
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AVAX-3.64%
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Sources: SK Hynix has purchased approximately $7 billion to $28 billion worth of South Korean bonds this year.
ME News, August 7 (UTC+8) — According to people familiar with the matter, SK Hynix has purchased approximately KRW 10 trillion to KRW 40 trillion (about $7 billion to $28 billion) in South Korean bond assets cumulatively this year, with the high-end estimate including commercial paper. As of the end of the second quarter this year, SK Hynix’s cash and cash equivalents reached KRW 88 trillion, up nearly 62% from the previous quarter. People familiar with the matter said that since April this year, SK Hynix has begun expanding its bond investments, with individual orders typically ranging from KRW 100 billion to KRW 300 billion, mainly allocated to investment-grade bonds rated AA or above, generally with maturities of no more than three years. (Source: ODAILY)
SK Hynix-4.88%
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Fence raised $20 million to fund blockchain credit solutions
Fence has completed a $20 million funding round led by Galaxy Digital, with participation from Parafi Capital and Crane Ventures. It is developing operating-layer software for structured credit transactions, using blockchain, smart contracts, and tokenization technology to automate loan pool tracking, collateral verification, reporting, and payments, aiming to improve efficiency in the approximately $6 trillion asset-backed financing market.
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GLXY2.43%
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Beijing Yizhuang launches the city’s first token economy policy, issuing 100 million yuan worth of model and token vouchers annually.
[ME AI]() News: The “Several Measures of the Beijing Economic-Technological Development Area on Supporting the High-Quality Development of a Token-Driven Intelligent Economy (Trial)” specify increased support for R&D of inference-specific chips and exploration of innovations in system-level integrated-circuit architecture. They will accelerate leaps in inference performance, promote collaborative R&D of general-purpose and industry-specific models, and improve edge-side inference efficiency. Further innovation in the regulatory sandbox mechanism will be promoted, data trading and circulation in key fields such as embodied intelligence, autonomous driving, and medical and healthcare will be encouraged, and a data-pricing model based on token trading will be explored. An all-factor support system will provide comprehensive support for building token factories. The policy proposes financial support for enterprises promoting batch token production. Each year, computing-power vouchers and data vouchers worth 100 million yuan each will continue to be issued. Enterprises pursuing major gains in inference performance will receive support equal to 30% of their computing-power rental costs, up to 20 million yuan, based on the annual number of
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ByteDance is aiming to build a massive AI model approaching the level of Anthropic’s Mythos.
[ME AI]() News: ByteDance is targeting the development of a hyperscale AI model comparable to Anthropic’s Mythos. (Sina Finance) (Source: 10jqka).
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BitMart to list Gensyn (AI)###
ME News, April 29 (UTC+8) — According to the official announcement, BitMart will list Gensyn (AI) for the first time at 20:30 on April 29 (UTC+8), opening the AI/USDT trading pair.
Gensyn is a decentralized AI infrastructure network------an open foundational layer for machine intelligence. It provides the computing power, data, and information exchange infrastructure required for AI systems to operate at scale, enabling both humans and machines to participate in open digital markets without centralized control. Gensyn has built-in AI communication, identity authentication, and computation verification mechanisms, serving as the economic backbone for the continuous learning of decentralized AI models and applications. Its first officially launched application, Delphi, is a permissionless information market for AI settlement, where anyone can create and trade anything.
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73 linked wallets hold 299.6 million SKYAI, with no signs of selling yet
ME News disclosed on April 29 that Evening Trader Group said a coordinated cluster of wallets has controlled a large amount of SKYAI tokens for nearly a year. The 73 related wallets collectively hold 299.6 million SKYAI, with a market value of approximately $69.6 million. Fund flow tracking shows that the holdings were gradually accumulated through intermediary wallets, with the initial positions opened a year ago on PancakeSwap and centralized exchanges at $0.0399. Based on the current price, the return is approximately 476%, and no on-chain signals of token distribution or selling have been detected so far. Source: ODAILY.
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SKYAI26.01%
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XRP is currently priced at $1.0176, down 3.0% over the past 24 hours.
ME News reports that on August 7 (UTC+8), according to CoinMarketCap market data, XRP is currently quoted at $1.0176, down 3.0% over 24H. (Source: CoinMarketCap)
XRP-2.01%
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Shielded Labs Appoints Frank Braun as Independent Board Member
Zcash support organization Shielded Labs announced that zSTASH founder Frank Braun has joined Shielded Labs as an independent board member. Braun is actively involved in the Zcash community and will oversee efforts to ensure that Shielded Labs remains committed to its mission while enhancing Zcash’s security and resilience.
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ZEC0.03%
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Caixin: SpaceX’s free-float market capitalization on the first day of its IPO could be between $440 billion and $530 billion
Caixin reports that if SpaceX goes public at a valuation of $1.75 trillion with 25%-30% free float, its market capitalization on the first day could be approximately $440-$530 billion, potentially placing it directly among the top 10 companies in the Nasdaq 100. Nasdaq will implement new “fast inclusion” rules in 2026, and OpenAI and Anthropic may go public in 2026-2027; the S&P 500 is also studying a similar plan.
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SPCX6.11%
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Crypto trading volume shrinks 63%, HLP returns go to zero, and stock demand may struggle to absorb the Perp DEX downturn.
ME News says Perp DEXs are cooling off after a high-turnover phase, with trading volume down 13.7% week-on-week over the past 7 days and approximately $498.2 billion over the past 30 days, down 63.4% from the peak. Crypto perpetuals saw the sharpest decline, with Hyperliquid and Lighter’s average daily volumes falling significantly; weekly ETH/SOL volumes dropped 26.8%/22.5%, while HLP and LLP returns were close to zero. Trade.xyz saw a recovery in traditional-asset trading, lifting its share to 62.7%, indicating that stocks and other assets are reshaping the internal structure.
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HYPE-0.32%
LIT8.76%
GRVT4.02%
DYDX0.68%
ETH-0.24%
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Preview: Markets focus on tonight’s US July unemployment rate and nonfarm payrolls data; a look at institutions’ forecasts
The US July unemployment rate and nonfarm payrolls data will be released at 20:30 Beijing time tonight. Institutions' forecasts for July nonfarm payroll growth vary widely, mostly ranging from 10k to 130k, while Reuters expects 80k.
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