PANews

Market rumors suggest that Hong Kong’s stablecoin issuance may accelerate after the first batch of stablecoin issuers advance testing and business preparations, with the second batch of licenses potentially being granted around National Day. The HKMA said it would not comment on the rumors, but remains open yet cautious toward issuing additional licenses and their timing, with no clear inclination at present. The focus is on helping the two licensed issuers complete their business preparations, then observing application rollout, operational performance, and market response after compliant issuance. Whether to issue additional licenses in the future will depend on factors including the compliance of applications, market demand, real-world applications, and international regulatory trends.

PANews, August 6 — Onchain Lens monitoring shows that a newly created wallet received 540.17 BTC (approximately $34.9 million) from BitGo three hours ago.

On August 5, 2026, Alphabet CEO Sundar Pichai issued an internal letter announcing the most dramatic personnel and structural reshuffle in the history of Google’s AI department: Demis Hassabis, who had led DeepMind for years, stepped down as CEO to become chairman and Alphabet’s chief scientist, withdrawing from day-to-day operations to focus squarely on AGI strategy; former CTO Koray Kavukcuoglu took over the day-to-day battle of Gemini model research and development and the developer ecosystem; even more shockingly, Google’s employee No. 30, Jeff Dean, who had worked at the company for 27 years, departed with three senior researchers to found Discovery Loop. Following the news, Alphabet’s stock fell approximately 4% in a single day. Capital markets voted with their feet, expressing concerns over the loss of core technical talent. Behind this major reshuffle, is Google’s AGI

PalmPay is preparing for a Hong Kong IPO, planning to raise approximately $200 million and achieve a post-listing valuation of over $1 billion, becoming Africa’s homegrown digital payments unicorn and entering a listing race with OPay. Founded in 2019 and headquartered in Nigeria, PalmPay relies on PalmPartner to provide full-scenario financial services including payments, transfers, and bill payments. It received an early $40 million seed round led by Transsion, NetEase, and MediaTek, and completed a $100 million Series A round in 2021, with investors including AfricInvest, Genesis Capital, and Trust Capital.

Author: Azuma, Odaily Planet Daily
Before the U.S. stock market opened on August 5 Beijing time, stablecoin issuer Circle officially released its financial results for the second quarter of 2026.
The financial report showed that Circle’s total revenue and reserve income for the second quarter was $701 million (below the market expectation of $717 million), up 7% year-on-year; adjusted EBITDA was $143 million, up 8% year-on-year; net income from continuing operations was $48 million (above the market expectation of $43 million), an increase of $530 million year-on-year.
During the investor conference call following the release of the financial report, Circle founder and CEO Jeremy Allaire responded to the closely watched “Coinbase distribution agreement” issue. Allair

PANews reported on August 6 that, according to Wallstreetcn, Google Chief Scientist Jeff Dean announced his departure, ending a 27-year tenure and moving on to launch an AI startup called Discovery Loop focused on automating scientific research workflows. Joining him are three senior Google scientists, Oriol Vinyals, Quoc Le, and Sanjay Ghemawat. All four have made landmark achievements in AI and computer science. Alphabet will provide the company with cloud computing resources and participate in its investment, while Radical Ventures and Khosla Ventures are jointly leading its seed round.
Google DeepMind head Demis

According to Cailian Press, South Korean memory chip giant SK hynix plunged in premarket trading on Nextrade, with a transaction price of 1.17M won for just 11 shares. Its decline briefly reached about 30%, then narrowed to about 2% after the premarket close before widening to 9.8% during regular trading. The volatility was highly similar to last Tuesday’s move, which previously caused derivatives on Hyperliquid to fall about 20%, with nearly $60 million in long positions liquidated within two minutes. The market also weakened after SanDisk’s earnings outlook came in below expectations.

PANews, August 6 — According to an official announcement, South Korean crypto exchange Bithumb will list the UB token in its KRW market, with trading expected to open at 13:00 local time.

PANews, August 6 — According to monitoring by on-chain analyst Ember, a whale sold 429k UNI on-chain six hours ago for 929.3 ETH ($1.75 million), realizing a profit of $320k. The whale bought 629k UNI at an average price of $3.34 from June to July ($2.1 million) and recently took profit after UNI rebounded from $2.4 to $4.4.

PANews reported on August 6 that, according to Bybit market data, spot gold broke above the $4,300 per ounce mark and is now at $4,302.23, up 1.30% on the day.

According to SoSoValue data, on August 5 Eastern Time, the HYPE spot ETF recorded a single-day net inflow of $966.7k, with BHYP being the only ETF to record a net inflow that day. BHYP’s cumulative historical net inflow reached $105 million. At press time, the HYPE spot ETF’s total net asset value was $268 million, its net asset ratio was 2.11%, and its cumulative historical net inflow was $278 million.

PANews August 6 news: According to monitoring by on-chain analyst Ai Yi, a short-term trader specializing in ETH short positions opened another 10x short position on 1,780 ETH 15 minutes ago, worth $3.37 million, at an entry price of $1,895.1. The trader’s win rate on high-frequency short-term trades is 81%.

According to SoSoValue data, on August 5, U.S. Eastern Time, the XRP spot ETF recorded a single-day net outflow of $3.5847 million, with only the Bitwise XRP ETF (XRP) recording a net outflow. The day’s net outflow brought the historical total net inflow to $507 million. As of press time, the total net asset value of XRP spot ETFs was approximately $993 million, with a net asset ratio of 1.49%, and cumulative historical net inflows had reached $1.51B.

The ai16z hype was exposed as a fake concept: its core was not genuine AI decision-making, the foundation was liquidated, the token went to zero, and holders suffered losses. Speculation at the end of 2024 made agent tokens briefly popular, with prices running ahead of products. By 2026, real AI applications were taking hold through subscription and API fees. Although crypto narratives had fragmented, real opportunities remained: decentralized computing power, AI data analysis, and other areas were gradually being implemented. The Eliza framework remained active, shifting toward services and partnerships, reminding the industry to shed the baggage of building tokens and embrace a positive AI-enabled future.

PANews, August 6 — Bybit market data shows that the South Korean KOSPI index has extended its decline to 3%, SK Hynix has fallen more than 7%, and Samsung Electronics has dropped nearly 3%.

PANews, August 6 — According to on-chain analyst Ember, a whale that opened a short position of 1,600 BTC ($102 million) at 40x leverage yesterday was stopped out during the early-morning rebound, reducing its position by 200 BTC ($13 million) and realizing a loss of $146k. It placed stop-loss orders in the $64,885–$68,254 range, with 50 BTC per order. It still holds a short position of 1,400 BTC ($90.54 million), with the latest liquidation price at $64,998.