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According to an exclusive report from "Du Jia," Xiaohongshu is developing a brand new "AI Shopping Guide" feature, which relies on a conversational interaction model to directly push product cards and attach order jump links in Q&A scenarios. This project is led by Daoxuan (Pan Boyuan). As of the time of publication, Xiaohongshu has not responded.Previously, Xiaohongshu launched an AI summary feature in store reputation, and this AI shopping guide is a further extension of its intelligent transaction chain. According to public data, Xiaohongshu has approximately 400 million global MAU, with 39 million users engaging in explicit purchasing behavior daily, resulting in 140 million active purchase requests, over 47 million users entering merchant live streams, and more than 170,000 merchant group chats remaining active. During the 618 period, the GMV of store broadcasts increased by 265% year-on-year, and note content drove transaction growth of over 210%.Xiaohongshu currently adopts a dual transaction model of "internal marketplace closed loop plus external traffic diversion," and there is still room for improvement in the direct order conversion rate within the platform. The launch of the AI shopping guide feature is expected to further enhance its internal e-commerce GMV and revenue.

Telegram founder and CEO Pavel Durov stated that Telegram was briefly removed from the App Store by Apple recently due to a user embedding illegal pornographic content in a public group. The app was restored within hours.Durov mentioned that the attackers exploited a technical vulnerability to insert AI-modified illegal content into old messages in active groups, hiding the content by editing historical messages, making it difficult for regular group members to discover and report it in a timely manner. Such attacks are classified as "takedown extortion," where attackers use automated accounts to embed violations in public groups and report them to platforms like Apple, attempting to force group administrators to pay a ransom, or else the community would be banned due to platform rules.Durov further explained that Telegram continuously combats illegal content through user reports, AI filtering, content hashing, and other mechanisms. This incident is not a systemic issue of the platform but rather a targeted attack exploiting rule loopholes by the attackers.He also warned that Apple's direct removal of the app without prior contact with Telegram could pose risks to all mobile applications that provide user-generated content (UGC), and platform developers need to enhance their defenses against malicious reporting and "takedown attacks."

According to Jinshi reports, Apple (AAPL.O) has applied to a U.S. judge for a preliminary injunction to prohibit two former employees and OpenAI from accessing, obtaining, using, or disclosing so-called confidential information, while the company continues to advance its lawsuit regarding trade secrets.Apple sued OpenAI and two former employees currently working at OpenAI last month, accusing them of stealing Apple's trade secrets to assist OpenAI in entering the consumer hardware market.

According to Jinshi reports, Iran's Supreme Leader military advisor Mohsen Rezaei stated that Iran was originally prepared to launch attacks on three targets in Ukraine, but canceled the attacks after Ukraine apologized.

According to Jinshi reports, the Huludao Maritime Safety Administration issued a navigation warning. From 8:00 to 14:00 on August 4, military exercises will be conducted in certain waters of the Bohai Sea, and entry is prohibited.

The Hawkins County Commissioners in Tennessee, USA, passed a ban with 12 votes in favor and 0 votes against, prohibiting the establishment, construction, installation, expansion, and operation of cryptocurrency mining facilities and data centers in the county's unincorporated areas.The commission had previously passed a similar ban in September 2025 to prevent the digital asset company ExoticRidge from conducting mining operations locally, and in January confirmed its related authority through a resolution. ExoticRidge proposed a settlement with Hawkins County officials in January, allowing the company to build and operate facilities under noise restrictions. The proposed terms require that the A-weighted decibel noise at the property boundary must not exceed 80 decibels for more than 30 minutes within any 4-hour period.A law signed in Tennessee in April has stipulated that, starting July 1, the use and installation of cryptocurrency ATMs and kiosks will be illegal, with the restrictions aimed at incidents of residents transferring money to scammers using the devices.

The European Union has further tightened restrictions on cryptocurrency assets related to Belarus, prohibiting Belarusian citizens and residents from owning, controlling, or managing cryptocurrency service providers regulated by the Markets in Crypto-Assets Regulation (MiCA). According to the Council Decision (CFSP) 2026/1847 passed by the EU Council, this measure is an extension of the EU's sanctions framework against Belarus's involvement in the Russia-Ukraine conflict.The new regulations will officially take effect on July 24, with the expanded restrictions on the cryptocurrency industry set to be implemented from August 25. According to MiCA, the affected services include operating cryptocurrency trading platforms, cryptocurrency exchanges, executing and transmitting customer orders, cryptocurrency issuance services, asset transfer services, investment consulting, and portfolio management.This restriction comes as the MiCA transition period ends on July 1. The EU had previously required unauthorized cryptocurrency businesses to cease related operations, or face regulatory enforcement. The EU stated that this expansion of restrictions is part of its efforts to combat the use of cryptocurrency platforms to evade sanctions against Russia. Previously, in the 21st round of sanctions against Russia, the EU had expanded the trading ban to 14 cryptocurrency-related service platforms outside the EU and established a mechanism to prohibit future transactions with any foreign cryptocurrency service providers identified as helping Russia evade sanctions. Market participants noted that as the MiCA regulatory framework is fully implemented, the EU is further strengthening its regulatory control over the cryptocurrency industry through licensing systems and sanction mechanisms.

According to reports from Yicai, there are many rumors that "Xiaohongshu secretly submitted an IPO application before the end of June," but it was hindered by former employees reporting its "compliance issues for listing."In response, Xiaohongshu stated: The current circulating information related to the IPO is not true.

According to The Block, the new version of the cryptocurrency ethics clause signed by President Trump has been approved, explicitly prohibiting federal officials (including members of Congress, the President, and the Vice President) from issuing digital assets, with the Department of Justice serving as the primary enforcement agency rather than state attorneys general. This arrangement has sparked controversy among Democrats. Maryland Democratic Senator Angela Alsobrooks stated that "having the Department of Justice enforce the ethics clause is not a serious proposal," and she will not support the bill if the final text remains as such.This clause is the last obstacle to the passage of the Clarity Act, with the controversy focusing on Trump's own meme coin and his family company World Liberty Financial—last month's financial report revealed that Trump received millions of dollars in related income from WLF. The White House has not confirmed the specific wording of the clause but stated that it is working with lawmakers to push the bill through and will place the blame for any obstruction on the Democrats.

According to a report by Reuters, the Chief Minister of Johor, Malaysia, stated on Tuesday that the Johor state government has noted and fully supports the decision made at the special meeting of the municipal hall: to revoke the business license of NS0 Malaysia Sdn. Bhd. (Network School) located in Forest City, and to order it to cease all activities starting from July 22, 2026.He stated that this decision was made in accordance with due process and relevant legal provisions, and was ultimately decided after a comprehensive review of the law enforcement inspection report, investigation results, and the statements submitted by the company.Network School had previously attracted widespread attention due to allegations on social media. Some netizens claimed that the project accepted participants from Israel, while Malaysia has not established diplomatic relations with Israel.

According to the latest official announcement from the Chrome Web Store, the platform will officially implement the updated Developer Program Policy starting August 1, 2026. This update clearly delineates boundaries for regulated goods and services, listing "prediction markets" as a prohibited product category, strictly prohibiting any extensions from offering, facilitating, or supporting real-money trading based on prediction results.In addition, the new regulations further tighten data privacy and AI safety standards. The policy requires that user data collected by extensions must be strictly and exclusively used for the single purpose disclosed; if there is a change in data processing methods, users must be proactively notified. At the same time, extensions designed to circumvent AI-driven service safety protections, usage restrictions, and other protective mechanisms are explicitly prohibited. After August 1, if any extensions are found to be non-compliant with the above policies, the Chrome Web Store will take enforcement actions.

On the evening of June 22, the U.S. Senate passed the "21st Century Housing Road Act" with an overwhelming vote of 85-5. The bill has now been sent to the House of Representatives, where it is expected to pass quickly and be signed into law by President Trump. The central bank digital currency (CBDC) ban has become a key additional clause in the bill, which will prohibit the Federal Reserve from issuing central bank digital currencies (CBDC) or any substantially similar digital assets before the end of 2030, even if issued indirectly through financial institutions. The bill also explicitly exempts private stablecoins (such as USDC, USDT).

According to The Block, leaders of the U.S. Senate and House of Representatives jointly released an updated version of the "21st Century Housing Road Act," confirming that the two chambers have reached a bipartisan agreement. The core content of the bill focuses on housing affordability reform, including expanding housing supply and limiting market monopolies by corporate landlords. Notably, an additional clause in the bill explicitly prohibits the Federal Reserve from issuing or creating CBDCs and any "substantially similar" digital assets before December 31, 2030, a clause driven by House Republicans. The Trump administration has consistently held this position, with Treasury Secretary Mnuchin previously stating that CBDCs are "not under consideration." The bill will first undergo procedural voting in the Senate and is expected to be submitted to the House for review after Congress reconvenes, and then sent to the President for signing.

According to The Wall Street Journal, China's lifestyle and video sharing platform Xiaohongshu plans to go public in Hong Kong as early as the end of this year, with major investors seeking to value it at over $70 billion. Previously, the company was valued at over $50 billion in recent private secondary market transactions.

According to Bloomberg, citing informed sources, the operating entity of Xiaohongshu, Xiaohongshu Technology Co., Ltd., is preparing to secretly submit its initial public offering application in Hong Kong by the end of June. The report states that the company is advancing potential listing matters with advisors, and this transaction is expected to rank among the large IPOs in Hong Kong in recent years. However, details such as the listing time, fundraising scale, and valuation have not yet been finalized, and discussions are still ongoing.Xiaohongshu was founded in Shanghai in 2013, with investors including Tencent, Alibaba, Sequoia China, Hillhouse Capital, and GGV Capital. In the 2024 financing round, Xiaohongshu's valuation was approximately $17 billion. With business growth, Xiaohongshu's valuation soared to $31 billion in secondary market trading in September 2025, and it predicted to shareholders that the full-year profit for 2025 would reach approximately $3 billion.

The US stock market weakened overall due to geopolitical risks and a high-level correction in technology stocks, while the optical communication sector showed resilience against declines. According to CoinGlass data, Coherent (COHR) is currently priced at $360.06, with a daily increase of 1.21%, and the total contract open interest across the network reached $8.9669 million, with approximately $843,300 in contract open interest on the Gate platform, ranking third in the network. In addition, Lumentum (LITE) is currently priced at $865.82, with a daily increase of 5.86%, and the total contract open interest increased by 29.17%, with approximately $777,000 in contract open interest on the Gate platform, also ranking among the industry leaders.

According to PR Newswire, AI-driven anti-fraud infrastructure InfoHawk announced the completion of a $2.25 million Pre-Seed round of financing, led by Moonshots Capital, with participation from former Chairman of the Federal Trade Commission Jon Leibowitz, AppNexus founder Brian O'Kelley, former head of advertising at Meta Rob Goldman, GitHub CTO Vlad Fedorov, and others.The new funds are intended to support its efforts to help businesses detect, analyze, and combat large-scale online fraud, phishing sites, brand impersonation, and deepfake attacks through AI content recognition and deep infrastructure analysis technology.

According to Bloomberg, informed sources say that underwriters for SpaceX's approximately $75 billion initial public offering (IPO) have been told not to accept subscription orders from investors in mainland China and Hong Kong, due to U.S. restrictions on the export of critical technologies. The lead underwriter for the transaction has further notified other banks in the underwriting syndicate that clients from mainland China and Hong Kong, including private banking clients, are not allowed to participate in placing orders.The report states that this move is primarily due to regulatory and compliance risk considerations, and the related arrangements have not been publicly disclosed.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.