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Bitget launches a crypto & TradFi contract trading competition, running from August 12 to August 22, with a total prize pool of 50,000 USDT. During the event, users can trade designated crypto and TradFi contracts to earn chances to win in a blind box lottery. The prize pool includes rewards in popular tokens such as rSNDK, XAUT, HYPE, as well as experience vouchers worth up to 1,000 USDT.In addition, the event features a trading volume ranking competition. The top 1,000 users by trading volume who have a cumulative trading volume of at least 10,000 USDT can share a prize pool of 30,000 USDT, with the first place on the leaderboard receiving 3,000 USDT. For more details, please refer to the official Bitget platform.

Bitget launches the "Stock God Championship" trading event, which runs from August 10 to August 17. The total prize pool for this event is 25,000 USDT, including three main sections: early bird rewards, trading volume leaderboard, and profit leaderboard. During the event, the first 500 users who register and have a cumulative trading volume of stock perpetual contracts of no less than 50,000 USDT will receive early bird rewards.In addition, the top 200 users on the trading volume leaderboard and the top 100 users on the profit leaderboard can receive corresponding USDT rewards based on their rankings; among them, the trading volume champion can receive 2,000 USDT, and the profit champion can receive 1,000 USDT. For more details, please refer to the Bitget official platform.

SK Hynix stated in a recent article that the competition in AI is shifting from the performance of individual chips to the design and operation of the entire infrastructure architecture. The competitiveness of AI data centers no longer depends on individual components, but on whether the five key elements of computing, memory, storage, networking, and power cooling can be seamlessly integrated.The article points out that the continuous expansion of AI model scales has led to a surge in demand for computing power and data movement. Training requires repeatedly reading massive datasets, while inference relies on quickly retrieving user request information, both of which place higher demands on the system architecture of data centers. At the memory level, HBM, server DRAM, and others have formed a hierarchical system, each undertaking different bandwidth and capacity tasks. At the networking level, as large-scale training and inference rely on multi-server parallel processing, networking has become a key factor determining the scalability of data centers. System design is shifting from single-server to whole rack and cluster-level expansion.According to Omdia's forecast, the AI data center chip market will grow from $123 billion in 2024 to $207 billion in 2025, reaching $286 billion by 2030. SK Hynix also mentioned that Microsoft's Fairwater data center in Wisconsin is about the length of five football fields, indicating that infrastructure is being deployed on a larger scale. SK Hynix emphasizes that memory is becoming a key layer connecting computing and data.

The research organization SemiAnalysis released an analysis indicating that Google DeepMind is no longer among the leading AI laboratories. A week prior, DeepMind co-founder Demis Hassabis stepped back from daily operations, and key members such as Google Chief Scientist Jeff Dean and Gemini co-lead Oriol Vinyals left to establish a new lab called Discovery Loop. The analysis suggests that the long-term struggle within Google over computing power allocation between Gemini and GCP has concluded with GCP emerging victorious.SemiAnalysis stated that Gemini 3.5 Pro has been canceled, and Gemini 3.6 Flash's performance is inferior to that of leading Chinese open-source models and Grok 4.5. Currently, Gemini has fallen to the 8th or 9th position in the large model rankings. Meanwhile, GCP is selling a large number of TPUs to competitors like Anthropic, having secured long-term leasing and sales contracts for hundreds of thousands of TPUs over the past nine months. The Tokenomics model estimates that Gemini's own ARR is about $12 billion, while GCP's third-party AI cloud service revenue is expected to exceed $73 billion by the end of 2027, with TPU system sales contributing an additional over $120 billion. GCP's latest quarterly growth rate is 82%, and it is expected to accelerate to over 100% by 2027 due to TPU system sales, contributing approximately $3 to Google's earnings per share.

According to The Block, research firm Bernstein reaffirmed its "Outperform" rating and maintained a target price of $140 after Circle announced its Q2 2026 financial results, believing that the company's latest performance constitutes a "reverse validation" of the market's bearish views. Bernstein analysts stated that the market currently underestimates USDC's long-term growth potential and Circle's advantages in distribution channels, liquidity, and regulatory compliance, due to two major core concerns regarding Circle—intensifying competition in stablecoins and changes in the interest rate environment that may affect reserve income.Investors may not have fully accounted for the future revenue opportunities from transaction fees, partner ecosystems, and the Arc blockchain that Circle could generate. The firm specifically pointed out that several infrastructure initiatives recently advanced by Circle, including obtaining a national trust bank license in the U.S., expanding the Circle Payments Network, and the planned launch of the Arc public chain mainnet on September 16, could all become future growth drivers. Additionally, Bernstein noted that Circle has raised its guidance for other revenues and profit margins after deducting distribution costs for 2026, expecting to confirm approximately $180 million in Arc token presale revenue.Analysts believe that future staking yields, gas fees, and ecosystem partnership revenues from Arc have not been fully reflected in current valuation expectations. As of the end of Q2, the circulating supply of USDC was $73.3 billion, a decrease of 5% from the previous quarter but an increase of 19% year-over-year. Bernstein believes that Circle is shifting from a purely crypto trading infrastructure to payments, real-world asset (RWA) tokenization, and broader financial infrastructure, which will drive USDC into the next phase of growth. Circle's stock closed at $63.28 on Wednesday, and Bernstein's target price of $140 implies a potential upside of about 121%.

According to TechCrunch, OpenAI is fighting back against Apple's lawsuit regarding the leak of trade secrets, stating that Apple itself has vulnerabilities in its information security management and employee departure processes, and cannot prove that the relevant information is protected trade secrets.Apple previously accused OpenAI of obtaining hardware-related secrets through former employees who left Apple and requested the court to expedite the evidence investigation. In the latest legal documents submitted, OpenAI stated that Apple allows employees to use personal iCloud accounts to handle work materials and did not promptly revoke access after employees left. OpenAI claimed that Apple did not specify the exact trade secrets that were allegedly stolen, but only referred generally to information such as product development processes, supply chains, and testing.OpenAI believes that Apple's lawsuit is more about restricting its development in the AI hardware field and denies that the company needs or uses Apple's trade secrets. The focus of the dispute between the two parties centers on employee mobility, intellectual property protection, and competition in the AI hardware sector.

According to CoinDesk, JPMorgan stated that the Hyperliquid (HYPE) ETF led the inflow of funds into non-Bitcoin crypto funds in May and June, but related demand has basically stagnated in July and early August, reflecting growing concerns about its competitive prospects.Analysts led by Nikolaos Panigirtzoglou pointed out that decentralized platforms like Hyperliquid face significant pressure on market share. After the launch of regulated crypto perpetual futures products in the U.S., some trading activity may shift from overseas decentralized platforms to compliant centralized exchanges, which have advantages in licensing, compliance, and investor protection.JPMorgan also mentioned that Hyperliquid is expanding its prediction market business, but competition in this area is also intensifying. Although HYPE has become the fourth largest asset in corporate crypto treasuries after BTC, ETH, and SOL, it remains uncertain whether it can continue to gain market share from larger ecosystems like Solana and XRP.Currently, the assets under management for BTC and ETH ETFs are approximately $77 billion and $10 billion, respectively, while other crypto ETFs, including SOL, XRP, and HYPE, have a combined size of only about $2 billion to $3 billion. HYPE has fallen over 3% in the past 24 hours, trading at around $55.30.

On August 5, Tria launched the "TradFi vs Crypto" trading competition on the decentralized trading platform Decibel, which will run until August 19. The competition features two independent tracks: TradFi (tokenized stocks, ETFs, and commodities) and Crypto, each with its own leaderboard and prize pool, totaling 25,000 USDC. The Crypto track has a prize pool of 15,000 USDC, while the TradFi track has a prize pool of 10,000 USDC. The top ten in each track will receive rewards based on their rankings, with the champions receiving 4,000 USDC and 2,500 USDC, respectively.Participants can enter the leaderboard by accumulating a trading volume of 15,000 USD. Both tracks can be participated in simultaneously, and no registration is required; the first trade automatically enrolls the participant. Users who achieve a daily trading volume of 10,000 USD will automatically qualify for the daily VIP lucky draw, with prizes including VIP level upgrades or cash rewards. All rewards will be directly distributed to users' Tria Decibel wallets after the competition ends.

During the Circle Q2 earnings call, Citigroup analyst Pete Christensen asked about the competitive landscape following the launch of the Open USD Alliance, inquiring how Circle would compete for distribution channels given that reserve revenue sharing is gradually becoming an industry standard and Circle is constrained by its existing economic arrangements with Coinbase.Co-founder and CEO Jeremy Allaire responded that Circle has signed distribution cooperation agreements with over 150 companies and often collaborates with Coinbase on distribution efforts. An example of this is the revenue-sharing arrangement that Circle and Coinbase have jointly established with Hyperliquid. He added that about 70% of the companies expressing interest in participating in such alliance projects are already partners in the Circle network. On the day of the earnings report, Circle also announced that Visa and Mastercard would expand their cooperation as key infrastructure partners for Arc.

According to Jinshi reports, the Ministry of Commerce announced countermeasures against six U.S. entities, including DNA Science Company.

Fortune magazine recently published a commentary article pointing out that with the rapid rise of China's open-source AI models, the competitive landscape of the global AI field is changing. The real contest has shifted from U.S.-China rivalry to the battle between open-source and closed-source models. The article cites data from the independent evaluation platform Artificial Analysis, stating that the intelligence index of DeepSeek V4 Flash is only 1 point lower than that of GPT-5.6 Luna. Even though OpenAI has reduced prices by 80%, the former's single-task cost is still 60% lower.The author notes that while U.S. export control policies aim to limit China's AI development, they have objectively stimulated innovation at the architectural level among Chinese companies, forcing them to shift towards open-source and low-cost routes. Chinese models attract global developers to participate in improvements by opening weights, while transferring inference costs to overseas cloud service providers, achieving a low-cost global layout. Regarding the viewpoint that open-source models "cannot be profitable," the article argues that their profit model is similar to that of open-source software: users pay for hosting services, and most companies are not inclined to self-deploy.The article also points out that recently, several figures in the U.S. tech community, including former White House AI official David Sacks, have begun to support open-source, and NVIDIA CEO Jensen Huang has also called for the industry to embrace open-source. The author urges both China and the U.S. to cooperate in the field of AI security, viewing open-source AI as a "global public good," rather than falling into a zero-sum competition that costs trillions of dollars.

According to Jinshi, the international credit rating agency Moody's has upgraded SK Hynix's credit rating to the A range for the first time, reflecting the company's enhanced competitiveness in the artificial intelligence storage market, as well as improvements in profitability and cash generation capability.Moody's raised SK Hynix's long-term issuer rating and senior unsecured bond rating by one notch, from "Baa1" to "A3," with a rating outlook maintained at "stable." This is the first time SK Hynix has received a Moody's A rating since it merged into the SK Group in 2012.

The U.S. Commodity Futures Trading Commission (CFTC) has released a Notice of Proposed Rulemaking (NPRM) to solicit public comments on the amendments to Parts 37, 38, and 39 of the CFTC regulations and Sections 1.52 and 1.55, with a comment period of 60 days following publication in the Federal Register.The purpose of this amendment is to address potential conflicts of interest arising from the increasing interconnectedness among regulated entities such as Derivatives Clearing Organizations (DCOs), Designated Contract Markets (DCMs), Swap Execution Facilities (SEFs), Futures Commission Merchants (FCMs), and market makers.CFTC Chairman Michael S. Selig stated that the new rules will establish a principles-based regulatory framework for vertically integrated market structures, supporting innovation in the U.S. derivatives market while maintaining market integrity.

The U.S. Commodity Futures Trading Commission (CFTC) has released a Notice of Proposed Rulemaking (NPRM) to solicit public comments on the amendments to Parts 37, 38, and 39 of the CFTC regulations and Sections 1.52 and 1.55, with a comment period of 60 days following the publication in the Federal Register.The purpose of this amendment is to address potential conflicts of interest arising from the increasing interconnectedness among regulated entities such as Derivatives Clearing Organizations (DCOs), Designated Contract Markets (DCMs), Swap Execution Facilities (SEFs), Futures Commission Merchants (FCMs), and market makers. CFTC Chairman Michael S. Selig stated that the new rules will establish a principles-based regulatory framework for vertically integrated market structures, supporting innovation in the U.S. derivatives market while maintaining market integrity.

According to Jinshi, the U.S. Treasury Department announced sanctions against eight oil tankers and ten entities related to Iran.

According to official news, the decentralized all-asset trading platform Vanta will launch a trading competition with a total prize pool of 100,000 USDC at 16:00 on July 30. During the event, users can participate in the USDC reward distribution based on their trading volume. In addition, users participating in this trading competition can also simultaneously participate in Vanta's weekly points rewards.It is reported that Vanta was founded by core executives from leading trading platforms such as Bitget and OKX, and is a one-stop all-asset trading platform that combines CEX-level trading experience, self-custody, and on-chain transparency. Currently, the platform covers asset categories including cryptocurrency, stocks, gold, foreign exchange, commodities, and indices, and has launched Smart Trading and AI trading assistance features.Vanta officially opened to all users on July 16, and since the platform's launch, the cumulative trading volume has exceeded 300 million dollars. Currently, Vanta is continuously advancing its global market layout and is building localized teams in multiple countries.

SlowMist announced that a new recruitment scam targeting Web3 practitioners has recently been discovered. Attackers impersonate recruiters, luring victims to install an AI meeting software called "Relay," which is actually an information-stealing malware.This malware targets both macOS and Windows users and can steal sensitive information such as browser credentials, cryptocurrency wallet-related data, Keychain data, Telegram sessions, and more. SlowMist has completed sample analysis and disclosed how this attack chain operates. SlowMist reminds that when participating in online interviews or recruitment processes, one should be cautious about installing unfamiliar software, avoid running unverified applications, and pay attention to unusual installation requests or system password prompts.

According to on-chain analysts, a wallet suspected to be associated with a16z (0xb5E...c24e) has withdrawn a total of 132,056.65 HYPE from various exchanges in the past 8 hours, worth 7.335 million dollars, with an average withdrawal price of 55.54 dollars.Since July 15, the same address has transferred a total of 398,000 HYPE to exchanges, approximately 24.89 million dollars.