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Coinbase posted on the X platform stating that AiFi-related content is for reference only and does not constitute investment advice or recommendations.Trading involves significant risks and may result in the loss of the entire investment. Users must make their own decisions regarding all activities of the AI agent and bear all risks associated with the transactions executed by the AI agent and the use of their data by third-party AI providers.

According to a report by Reuters, influenced by multiple factors such as the tense Sino-U.S. relations, China's push for domestic software alternatives, and U.S. export controls, Microsoft has closed at least 15 branches and joint ventures in China over the past five years, executing a strategic contraction. In 2023, the company internally considered exiting the Chinese market, as some executives believed that "the geopolitical risks outweighed the limited economic returns," but ultimately did not proceed with the exit. Microsoft disclosed in 2024 that its business in China accounted for only about 1.5% of its global revenue.The report states that Microsoft's final decision to remain in China was primarily due to the establishment of a profitable path—providing Azure cloud and AI services to Chinese companies like ByteDance and Shein, helping them operate compliantly in overseas markets. Additionally, the company believes that retaining its business in China remains strategically significant for acquiring engineering talent. However, analysts question the sustainability of this AI business model: the service relies on third-party models like OpenAI, and Chinese companies are increasingly adopting domestic alternatives like Kimi, which offer comparable performance at lower costs.Microsoft's research and development presence in China is also contracting. Its predecessor, Microsoft Research Asia, has successively established new labs in Vancouver, Singapore, and Tokyo. In 2024, the company offered job opportunities to 1,000 top engineers to relocate to the U.S. and three other countries, but only about one-third accepted, with most senior engineers moving to domestic universities and tech companies. A Microsoft spokesperson responded that the company will continue to commit to the Chinese market but did not comment on specific decision details. ByteDance and Shein did not respond to related inquiries.

Binance's tokenized stock product bStocks has been online for less than two months and has surpassed the tokenized stock value of the cryptocurrency trading platform Kraken's xStocks, becoming the second largest issuer. bStocks has a scale of approximately $624 million, xStocks about $579 million, and Ondo Finance about $927 million. As of Tuesday, bStocks' scale has decreased to $610.6 million, still ranking second, slightly above xStocks' $601.2 million.In the past year, the total value of the tokenized stock market, according to issuers, has increased from about $8 million to approximately $2.7 billion. Binance launched bStocks on June 11, allowing investors to gain exposure to U.S. stocks through blockchain tokens without directly holding the underlying stocks. Binance co-founder and former CEO Changpeng Zhao stated that the rapid growth of bStocks is attributed to Binance's user base.

Tencent Holdings fell 4.46%, with a market value of 4 trillion Hong Kong dollars, approximately 3.44 trillion yuan. Changxin Technology's closing market value today is 3.5 trillion yuan, surpassing Tencent Holdings to become the largest listed company by market value in China.

According to CoinDesk, data from Blockware Intelligence shows that publicly listed Bitcoin miners held a total of 127,000 BTC at the beginning of the year, which has now decreased to 99,000 BTC, with a cumulative sale of approximately 28,000 BTC this year, valued at about $1.78 billion at current prices.Analysis indicates that although the scale of this sell-off is smaller than the net outflow of over $4.4 billion from U.S. spot Bitcoin ETFs, the continuous and stable marginal selling pressure in the context of a declining market and weak buying interest is often underestimated in its impact on prices. BTC has fallen a total of 27% since the beginning of 2026, underperforming major assets including the S&P 500. Additionally, due to narrowing mining profits (the current average production cost per BTC is about $74,300), an increasing number of miners are transitioning to AI computing power businesses. Meanwhile, the overall mining difficulty has decreased by about 18% from its peak in November, resulting in an approximate 18% increase in mining revenue for remaining miners, reshaping the competitive landscape of the industry.

The Gate Research Institute recently reported on "The TradFi Battle of Cryptocurrency Exchanges: Gate CFD's Path to Cross-Asset Breakthrough," indicating that since 2026, cryptocurrency trading platforms represented by Gate have been accelerating their breakthrough of digital asset boundaries, with CFD business becoming the primary trading entry point connecting stablecoin funds and global traditional assets. As user demand for trading and hedging in gold, foreign exchange, stocks, indices, and commodities grows, industry competition has shifted from merely competing on leverage and trading varieties to a comprehensive contest of asset coverage, liquidity, execution quality, risk management, and capital efficiency.In this round of TradFi expansion, Gate is forming a clear first-mover advantage. According to publicly available data, Gate accounts for approximately 39.4% of the trading volume among the five platforms that have disclosed TradFi transaction amounts, completing its transition from catching up to leading in just two months, becoming the largest top-tier platform. More notably, Gate's layout is no longer limited to increasing CFD categories but is based on USDT and a unified account entry, connecting CFDs, perpetual contracts, stocks, ETFs, IPO Access, and wealth management, while further accommodating professional and institutional funds through tools such as API, copy trading, OES, and CrossEx. Whether Gate can convert its temporary transaction advantage into long-term liquidity, capital retention, and professional service capabilities in the next phase will be key to whether its TradFi strategy can form a sustainable barrier.

Economists say that the mixed July employment report released last week has heightened the importance of inflation data. LPL Financial Chief Economist Jeffrey Roach pointed out that the path of the Federal Reserve's interest rate hikes will depend on how long inflation remains elevated.Vanguard analyst Hicklin believes that the July employment report and the expected improvement in inflation will strengthen the Federal Reserve's reasons to hold steady before the end of the year. Recent data releases have bolstered market confidence that the Federal Reserve will keep interest rates unchanged this year.

Web3 security company CertiK released the report "Intel3D: PSAV and Brazil's New Security Standards." The article points out that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 of this year) approaches, local virtual asset service providers (PSAV) are facing a round of concentrated compliance adjustments, and compliance and security certifications issued by independent third parties are transitioning from industry best practices to important requirements for market access.According to the report, CertiK is currently conducting independent external audits based on the Central Bank of Brazil's Normative Instruction No. 701. As one of the markets with the highest adoption of crypto assets globally, the impact of this regulatory transformation in Brazil may far exceed the local market. The report shows that Brazil currently ranks fifth in the world for actual crypto asset adoption rates. From June 2024 to June 2025, the on-chain asset value received by Brazil reached $318.8 billion, accounting for nearly one-third of on-chain activity in South America during the same period. Stablecoins have become an important infrastructure in the local digital asset market, accounting for about 80% of the trading volume in crypto asset transactions reported to the Federal Revenue of Brazil.

According to Nikkei News, the largest shareholder of the Japanese NAND manufacturer Kioxia has changed from Toshiba to the special purpose company BCPE Pangea Cayman 2 (SPC2), which holds 14.19% of Kioxia's shares, slightly higher than Toshiba's reduced stake of 14.06%. SPC2 is the entity through which SK Hynix invested via convertible bonds (CB).From July 15 to August 3, Toshiba reduced its stake in Kioxia in seven transactions, decreasing its holding from 15.10% to 14.06%. In 2018, SK Hynix invested approximately 40 trillion won in Kioxia through two SPCs, one of which, SPC1, co-funded with Bain Capital, completed its share sale when Bain Capital exited in June this year, while SPC2, which was solely funded by SK Hynix with about 13 trillion won, continues to hold its shares. If the CB is converted into stock, SK Hynix will gain voting rights. However, industry assessments suggest that the actual impact on Kioxia's operations is likely low, as exercising voting rights requires approval from various countries' competition and antitrust authorities. The Japanese government may not easily approve this due to considerations for protecting its domestic semiconductor supply chain. Kioxia is currently the third-largest NAND manufacturer in the world, following Samsung Electronics and SK Hynix.

ChainCatcher has now reached a strategic cooperation with the high-performance modular enterprise-level Layer1 ENI and has joined the ENI Top 100 Institutions program, serving as an ecological super node.The two parties will subsequently cooperate in areas such as global community expansion, on-chain ecological construction, Web3 infrastructure, industrial resource synergy, and global market expansion, exploring more opportunities for ecological co-construction and application implementation.It is reported that ENI is a modular Layer1 designed for large-scale commercial scenarios. The ENI Top 100 Institutions program mainly targets global institutions, trading platforms, and ecological partners, promoting infrastructure construction, ecological resource connection, and application scenario expansion through the establishment of a super node cooperation network. Through the global super node network, ENI is continuously strengthening infrastructure, expanding commercial landing scenarios, and creating sustainable long-term value for the entire ecosystem.

The fintech company and crypto-friendly bank Revolut announced that it has obtained a banking license in France, becoming the second full banking license the company has acquired in the EU after Lithuania. The license was jointly reviewed by the French Prudential Supervision and Resolution Authority (ACPR) and the European Central Bank, and approved by the Governing Council of the European Central Bank. After obtaining the license, Revolut Bank S.A. will be able to offer a wider range of banking services in France, including loans, mortgages, and regulated savings products. France is one of Revolut's largest markets in Western Europe.Previously, the company primarily operated in France under its Lithuanian banking license, mainly providing payment and financial services. Following this licensing, Revolut will gradually migrate its French operations to the new French banking entity and plans to subsequently expand to Germany, Ireland, Italy, Portugal, and Spain. Revolut stated that it has invested over 1 billion euros in the Western European market over the past few years and has created over 600 new jobs locally, with plans to establish its Western European headquarters in Paris by 2027. However, the license comes with regulatory conditions. Reports suggest that the European Central Bank may impose restrictions on new products for Revolut's French operations, similar to the regulatory measures previously implemented on its Lithuanian entity, which may affect the speed of launching loan and savings products.This year, Revolut has continued to advance its global regulatory expansion. The company obtained a full banking license in the UK in March 2026 and a full banking license in Australia in July. Currently, Revolut covers 40 markets, with its valuation rising to $115 billion after secondary stock trading in 2026.

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.

Christopher Smith, founder of the blockchain startup Quantus, stated that the first quantum attack may manifest as a series of unexplained thefts of cryptocurrency wallets, rather than directly stealing the approximately $63 billion worth of dormant Bitcoin expected from Satoshi Nakamoto. He pointed out that sufficiently powerful quantum computers could derive private keys from public keys exposed on the blockchain, allowing attackers to transfer funds without needing to breach wallets, devices, or internal systems of exchanges.In theft incidents at highly secure institutions, the only forensic evidence may be the absence of intrusion traces. Smith indicated that the initial targets of quantum attacks could be military systems and national secrets; in the blockchain space, the minting keys of stablecoin issuer Tether may be of greater value. Attackers could mint tokens out of thin air through managed wallets and sell them off before the issuer responds. Google has accelerated its post-quantum migration timeline to 2029; Smith believes the probability of quantum computers breaking modern cryptography around 2028 is "50-50." Relevant blockchains have begun migrating to post-quantum signatures.

ZEC financial company Cypherpunk disclosed on platform X that Ironwood has surpassed Orchard to become the largest shielded pool on Zcash.The latest data shows that the Ironwood shielded pool has locked a total of 1,976,378 ZEC, worth over 1 billion dollars.

Strategy founder Michael Saylor posted that only 2.6% of miners signaled support for BIP-110, which failed to gain widespread support. At block 961,632, its nodes will reject non-signaling blocks. Subsequently, BIP-110 will stagnate or fork into an insignificant existence, while Bitcoin will continue to operate normally. Bitcoin is functioning as designed.BIP-110 is a temporary soft fork proposal that plans to introduce 7 consensus restrictions over an effective period of about one year, including limiting the length of new script public keys, the size of certain pushed data and witness items, disabling certain Taproot extension paths, etc., in order to significantly reduce arbitrary non-payment data that can be embedded in transactions, such as inscription runes, thereby reducing node burden, suppressing junk data, and allowing Bitcoin to focus more on its monetary use.