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According to Gate market data, the Nikkei 225 index closed up 784.53 points on August 13, an increase of 1.16%, reporting at 68,308.59 points.The South Korean KOSPI index also closed up 210.97 points on the same day, an increase of 3.21%, reporting at 6,790.01 points, with SK Hynix rising 5.9% and Samsung Electronics rising 3.9%.

According to Gate market data, the Hang Seng Index opened lower and then rose sharply this morning. After opening more than 150 points down in the early session, it surged back, recovering losses and turning positive. As of the midday close, the Hang Seng Index rose by 0.07%, reporting at 25,457.33 points, while the Tech Index rose by 0.3%, reporting at 4,790.56 points. The total market turnover reached HKD 132.028 billion, with strong performance in the computing hardware sector. In terms of individual stocks, Cambridge Technology rose by 15.37%, and Shengbang Technology rose by 7.69%.

In response to rumors on social media about "Doubao recommending hotels for a fee," Liu Xing, the head of public affairs for Doubao at ByteDance, stated on the evening of August 10 that the related statements are inaccurate. He indicated that Doubao's life service business currently does not have paid promotions, and Doubao does not charge advertising fees for hotel recommendations; merchants cannot influence recommendations or rankings through payment, and only pay channel service fees after an order is completed.Liu Xing pointed out that some platforms adopt a "commission + advertising" charging model, while Doubao primarily charges based on completed transactions at this stage, making direct comparisons inappropriate. For merchants, the actual channel costs and the effects of new orders are more meaningful references. He also mentioned that Doubao's life service business is still in a very early exploratory stage.

According to Gate market data, the three major U.S. stock indices fell collectively, with the Nasdaq down 0.51%, the Dow down 0.25%, and the S&P 500 index down 0.17%.

Retail investors in South Korea are shifting their focus from the growth story of asset management companies to market stability issues in the eyes of regulators, surrounding high-leverage trading of Samsung Electronics and SK Hynix.Since their debut on May 27, the first batch of single-stock leveraged products in South Korea has quickly become one of the most crowded trades in the current semiconductor rally of the Korean stock market. Sixteen single-stock ETFs and two ETNs designed around Samsung Electronics and SK Hynix allow investors to make directional bets of about 2 times on a single stock. The launch of these products coincided with the warming of the AI storage cycle, leading to a surge of retail funds into the market, pushing the total assets of the Korean ETF market to a historical high at one point.Winners on the fee side quickly emerged. Estimated by net asset size and fee rates, these single-stock leveraged ETFs generated nearly 3.7 billion won in management fees after about two months of operation. Samsung Asset Management took the lion's share due to the scale advantage and higher fee rates of its KODEX products, while Future Asset offered lower fees to gain market share. Early data from Korean media has shown that Samsung and Future Asset together account for over 90% of the net assets of such products, with liquidity further concentrating on leading products.However, this fee feast has also come with significant side effects. In mid-July, the South Korean Financial Services Commission stated that the market value and trading volume of single-stock leveraged products rose rapidly after their launch, with the weight of Samsung Electronics and SK Hynix in KOSPI once reaching 52%. Regulators also pointed out that the volatility of global storage stocks has significantly increased, and the high volatility of individual stocks like SK Hynix and Samsung Electronics, combined with product rebalancing trades, could amplify market shocks.Subsequently, South Korean authorities accelerated the tightening of regulations. Starting from July 31, the minimum margin requirement for individual investors investing in such products was raised from 10 million won to 30 million won, and cash was required to meet this requirement, with alternative securities no longer accepted; regulators also suspended the launch of related new products, restricted advertising, and strengthened spread management and investor education.There are signs that trading enthusiasm has cooled. Data from the Korean Exchange shows that after the introduction of new regulations, the daily trading volume of the 16 related single-stock leveraged/inverse ETFs dropped from about 10 to 12 trillion won (peaking at 15 to 20 trillion won) to around 1 trillion won (on August 3-4), and on August 5, it fell to as low as 919.8 billion won (first time below 1 trillion). There has been a slight rebound recently, with the trading volume of the 16 related ETFs at about 7.45 trillion won on July 27.

According to Caixin, as the CRS information exchange becomes normalized, tax authorities can fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. The taxation of insurance benefits from overseas income has now been initiated.In addition, the CRS, as the "eye in the sky" of the global tax system, is also being upgraded according to schedule, with CRS 2.0 approaching. Key changes include incorporating crypto assets, central bank digital currencies (CBDC), and specific electronic currency products into the definition of financial assets, aligning with the trend of digital assets gradually merging with the mainstream financial world. Overall, from multiple dimensions such as overseas stock trading, overseas insurance, and offshore trusts, the iteration of CRS 2.0 and the tightening of overseas income tax collection mechanisms resonate with each other, mutually supporting and enhancing the effectiveness of cross-border tax source regulatory constraints.

According to The New York Times, OpenAI founders and employees collectively hold 48.93% of the company's shares, which is currently valued at $852 billion.

POAP founder Isabel announced that after more than 5 years of operation, the POAP project will gradually come to an end.Isabel stated that over the past few years, POAP has minted millions of digital collectibles in hundreds of communities and collaborated with global institutions such as Coinbase, Amex, Warner Music Group (WMG), and Bayer. Additionally, POAP completed large-scale applications during the Devcon event, minting over 8,000 collectibles in one week, and launched the Airport Rally event, allowing collectors worldwide to obtain POAP at airports.Isabel noted that POAP holds special significance for many, but due to the impact of the financing cycles and distribution models in the crypto industry, it has become difficult to establish a sustainable business model without sacrificing the project's core philosophy. At the same time, the rapidly changing technological infrastructure and market cycles have also increased operational challenges.She summarized POAP's experience by stating that user communities are the most undervalued assets of a business, and truly valuable products can spread the brand through users; connecting with users remains a core value that should not be overshadowed by short-term technological hype and price speculation; in a rapidly changing market environment, long-term accumulation and brand trust will become important moats.Isabel mentioned that there are currently no decisions made regarding the next steps, but she is contemplating the development direction of the Go-To-Market (GTM) model for businesses in the AI era.

According to data from RootData stock derivatives exchanges, the top three exchanges by cumulative trading volume over the past 7 days are Binance, Hyperliquid, and OKX.The total trading volume of the three exchanges is approximately $212.519 billion, accounting for 77.79% of the market share. Among them, Binance's total trading volume over 7 days is approximately $141.376 billion, with a market share of 51.75%; Hyperliquid is approximately $36.869 billion, with a market share of 13.50%; OKX is approximately $34.274 billion, with a market share of 12.55%.

The U.S. stock semiconductor storage sector is showing an overall pullback trend. According to data from the Gate platform, SanDisk (SNDK) is currently priced at $1,279.20, with a 24-hour decline of 10.84%; Micron Technology (MU) is currently priced at $900.98, with a 24-hour decline of 2.08%. Accompanying the sharp price fluctuations of these two assets, the trading activity of derivatives on the Gate platform continues to increase. According to Coinglass data, the 24-hour trading volume of Gate SNDK contracts reached $382 million, with an open interest of $82.2 million; the 24-hour trading volume of Gate MU contracts reached $55.35 million, with an open interest of $21.7 million, both ranking among the top in the network.

According to Onchain Lens monitoring, Hyperliquid collected $1.4 million in fees over the past day and burned 206,400 HYPE (worth $1.2 million).The historical cumulative burn amount has reached 47.27 million HYPE (worth $2.76 billion), accounting for 4.73% of the maximum supply of 1 billion coins.

Uniswap initiated a governance proposal to extend the protocol fee collection and UNI burning mechanism to the Robinhood Chain, covering versions v2, v3, and v4.According to the proposal, the protocol fees generated on the Robinhood Chain will be sent to the TokenJar contract on that chain, and Searchers can redeem the fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.

SK Hynix has recently continued to decline, triggering an increase in the activity of related derivatives markets. According to the RootData perpetual contract data panel, Binance, OKX, and Bitget rank in the top three for SK Hynix (SKHYNIX) contract open interest, collectively accounting for approximately 87.8% of the market share. Among them, Binance has an open interest of about $422 million, OKX about $93.21 million, and Bitget about $54.08 million.In terms of trading volume, Binance leads with a 24-hour trading volume of approximately $3.68 billion, followed by OKX with about $954 million and Bitget with about $414 million. Regarding price spreads, Binance has the smallest spread at 0.0008%, while XT.com has the largest spread at 0.2004%.It is reported that RootData has recently officially launched a ranking of stock perpetual contract exchanges, which directly collects primary data through the exchanges' official APIs and public market data sources, aiming to establish a reliable data benchmark for investors. Currently, the RootData data submission channel is open, supporting exchanges with stock perpetual contract business to submit official APIs and supplementary data.

According to The New York Times, as of the end of June, nearly 1 million investors participated in various Trump-themed token investments, with a total loss of $3.81 billion. Crypto analytics firm Nansen analyzed the trading mechanism and stated that the fee distribution rules of the related tokens allow Trump to profit in both rising and falling markets, with the core revenue coming from the continuously generated trading fees.His social platform Truth Social has repeatedly promoted related tokens, further stimulating market trading activity and amplifying retail participation. Data shows that Trump shifted his conservative stance on cryptocurrencies during the 2024 campaign phase, laying out a strategy for the commercialization of digital assets; the TRUMP token launched on the eve of his inauguration was defined by the market as a purely speculative asset with no actual application value, experiencing a significant correction after its launch, leaving many retail investors who entered at high prices deeply trapped.

According to CoinGlass data, XAUT is currently priced at $4061.57, with a 24-hour increase of 2.2%, and the total spot trading volume across the network is approximately $70.5543 million. Among them, the spot trading volume of XAUT on the Gate platform is about $12.4696 million, ranking second in the network.PAXG is currently priced at $4064.11, with a 24-hour increase of 2.18%, and the total spot trading volume across the network is approximately $27.3992 million, of which the spot trading volume of PAXG on the Gate platform is about $1.2689 million, ranking third in the network.