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Today · 2026-08-05 · Wed

YAO ZUZHU: CHINA ' S AI INDUSTRY LEADS THE WORLD

ON 20 JULY, AT THE CURRENT WORLD CONGRESS ON ARTIFICIAL INTELLIGENCE, YAO JIJI WAS ABLE TO SPEAK AT THE THINKERS FORUM ON 19 JULY ABOUT THE NEW DIRECTION OF AI ' S DEVELOPMENT, HUMAN OPPORTUNITIES AND YOUTH GROWTH THINKING. TURNING TO THE CURRENT STATE OF DEVELOPMENT OF AI IN THE COUNTRY, YAO IS STRAIGHT. IN RECENT YEARS, OUR ARTIFICIAL INTELLIGENCE INDUSTRY HAS PROGRESSED AT A VERY RAPID PACE AND THE OVERALL LEVEL OF DEVELOPMENT IS AMONG THE HIGHEST IN THE WORLD. AT THE SAME TIME, HE MENTIONED THAT THE HUMAN PERSON IS THE MOST VALUABLE PERSON AND THAT WHEN PEOPLE LEARN TO USE TOOLS, THEY BECOME STRONGER WHEN THEY COMBINE THEM. “I THINK AFTER TWO OR THREE YEARS, AI WILL MAKE A DRAMATIC DIFFERENCE TO THOSE WHO DO SCIENTIFIC RESEARCH. IN THE FUTURE, INDIVIDUAL CAPABILITIES, COUPLED WITH AI TOOLS, BECOME A COMBINATION, COMPETING FOR A COMBINATION, NOT AN INDIVIDUAL.”

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IF THE FED DROPS, THE ETF COULD GO UP

If the Fed reduces interest rates, Vanguard Extended Duration Treasury Index Fund (EDV) may rise significantly. The effect of each change in interest rates has been magnified by the 24-year period of the EDV, which is expected to increase by about 24 per cent for each reduction of 100 basis points. Goldman Sachs expects that by 2026 the Federal Reserve ' s base interest rate will be reduced to 3 to 3.25 per cent. However, continued inflation may prevent a parallel decline in long-term rates of return with short-term interest rates. Investors wishing to obtain a simple public debt exposure without having to withstand EDV stock market fluctuations suggested that BND or short-term ladder investments be considered as a core hold。

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Bitcoin price projections: target $68,000, significant resistance of $70,000

Bitcoin prices are projected to target $68,000, but resistance of $70,000 could hinder the reversal. Bitcoin was close to US$ 65,000 on 19 July, and Coinbase set it at US$ 64,411 and rebounded to test the technology area between short-term recovery and wider market reversals. Coinbase's market page shows that bitcoin rose by about 1 per cent within 24 hours. YCharts set the price of the bitcoin at US$ 64,793 on 19 July, and Criptocompare data show an increase of 1.36 per cent over the previous day. Market researcher Ted Pillows stated that bitcoin was moving towards a level of $65,000, which was considered the first test of the current rebound. Farside investors recorded $181 million in real-time United States bitcoin ETF inflows in this increase. According to Pillows, the recovery of $65,000 would likely push the bitcoin towards $68,000。

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ETO: INDUSTRY WILL WORK MORE WITH START-UPS IN BITCOIN

On 20 July, Jason Oxman, Chief Executive Officer of the Electronic Exchange Association (ETA, whose membership includes Visa, Master of Masters, Amazon, PayPal and others, etc.), expressed his opinion that its members were gradually recognizing the transformative value of bitcoin, and that future traditional electronic payment agencies would cooperate more with the start-up business of Bitcoin. According to Oxman, ETA does not favour or exclude any electronic payment technology, and the core of the industry is to meet the transactional needs of merchants and users; in the early years of the Bitcoin Foundation ' s general message, the payment industry was given to confront the commercial value of bitcoin, and there is now cooperation between the members of the association and the Bitcoin payment service providers. At the same time, he referred to the BitLicense regulatory proposal in New York and understood that regulation focused on consumer protection claims, but called on regulators to avoid one-size-fits-all regulations and to conduct in-depth research into bitcoin, block chain operation mechanisms and platform user protection measures。

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Kimi took Code out and sold it, adding the minimum annual fee threshold for programming to 228%

Kimi announced a 228 per cent increase in the minimum annual fee threshold for web pages and programming by splitting its Code into separate sales. The new membership system splits members, which originally included web pages, app and Kimi Code, into generic membership and programming plans, for which users will have to pay separately in the future. On an annual basis, the old Andante membership fee was $468, while the minimum portfolio cost for the new system was $1536, and the threshold for entry was 3.28 times. The changes in pure programming users are more complex, with the new Starter and the old Moderato costing 99 a month, but no longer include web pages and app entitlements. The monthly payment threshold rose by about 50 per cent from $199 in the old Allegretto to $299 in the new Explorer, if a high-speed version and 1 million context were required. Kimi stated that the new Code meal package removed the monthly total ceiling and that the same price was more available at Token, but that the direct comparison of the old and new absolute amounts was not officially disclosed and that the existing users could continue to use the old set and automatically renew it。

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This encrypted fund is fully pledged and pays 7% of the proceeds without exchange account

This encrypted fund is fully pledged and pays 7 per cent of the proceeds, and investors holding ETF (NASDAQ:ETHA) will forgo the original proceeds of the Taifeng, while Bitwise Solana pledge almost 100 per cent of SOL holdings, with annual earnings exceeding 7 per cent. As of 13 July 2026, both SOL and ETH had fallen by about 38 per cent since the beginning of the year. The Endowment Fund of Dartmouth University disclosed $14 million in the SEC document for BSOL holding, which could be exempted from current year tax in IRA。

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Buffet first rejected the Bill Gates Foundation and planned to sell $140 billion of Birkhel's shares by 2034

Warren Buffett rejected the Bill Gates Foundation for the first time and plans to sell his $14 billion Birkhel Khasaway stake by 2034. Buffet, one of the world ' s most famous investors, handed over the post of CEO to his personal successor, Greg Abel. Because of Gates ' involvement in the Epstein scandal, Buffet has begun to distance itself from it and instead to donate his shares to a foundation managed by his children. The process will continue for many years until 2034, unless Buffet dies。

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Optical integration chips are expected to reduce Token's cost by 50 per cent

On 19 July, Token ' s call was maintained at a high rate of growth as AI smarts were used in various industries. How the future can bring about a further decline in the cost of computing becomes the focus of efforts. Industry sources described their efforts to coordinate the use of multiple major mainstream models through the Numerical Platform, which combined to reduce the cost of words. At the same time, the construction of large-scale computing clusters has been accelerated at the national level. The super-large-scale calculator cluster, supported by the national production chip, is seen by industry as the key to the next reduction. Moreover, over the next three to five years, the landing of new and more advanced technologies, such as light chips, is also expected to be another way to reduce the cost of computing. “The core of PV-integrated chips, when compared to electrochips, lies in their lower computational delays and lower power consumption. The cost per unit Token is reduced by 50 per cent or more.” Kim Xian

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Iranian Fares News Agency: traffic in the Strait of Hormuz reduced to zero and will remain closed

According to Iran ' s Fars News Agency, traffic in the Strait of Hormuz has been reduced to zero and will remain closed as long as the United States continues its provocative actions. Iranian Islamic Revolutionary Guard Corps naval sources have stated that there are currently no ships passing through the Strait of Hormuz, and that any attempt to cross the Strait will be attacked by Iran, which will not issue a permit for any vessel。

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PFFA 2.11% COST SURPASSES PASSIVE COMPETITORS IN 2026

In 2026, Virtus Infracap, the United States priority share ETF (PFA) exceeded passive competitors at a cost rate of 2.11 per cent. PFFA ' s proactive management and leverage enabled it to achieve a rate of return of about 10 per cent and a five-year return of 32 per cent, while the passive rival PGX lost 5 per cent over the same period. PFFA cost rates are accumulating in persistent underperformance and are suitable for maximizing income for those investors who fully accept leverage and manage risk. PFFA allocates $0.1725 per month with an annualized rate of return of approximately 9.81 per cent。

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Kimi: Suspended new subscriptions due to surge in demand, subsequent batch recovery and split membership programmes

According to official sources, Kimi indicated that within the last 48 hours, the demand for Kimi K3 has grown far beyond expectations and that GPU resources are close to the current carrying ceiling. To safeguard the experience of existing subscribers, the Platform has temporarily suspended new subscriptions and existing subscribers are not affected. Kimi stated that it was expanding its capacity as soon as possible and that new subscriptions would be opened in subsequent instalments. At the same time, in the future, the Platform will break down the membership system into two types of programmes, namely, Kimi members for the Kimi web page, App and Work, and Kimi Code members for the programming workflow, to better match computing resources and maintain service stability。

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Kimi K3 is on line for 48 hours approaching the limit of his ability to calculate

Kimi announced that since Kimi K3 had been online, the number of requests over the past 48 hours had significantly exceeded projections and the existing calculator cluster was nearing the carrying limit, thus suspending subscriptions to new individual users as of that date. The interests of existing members are not affected, and Kimi will give priority to current calculations for subscribers and speed up the expansion. Once the new budget is in place, the membership will be gradually liberalized, while the membership system will be adjusted, the new users will need to purchase the Kimi main product interest and the Kimi code interest, respectively, and the new programming package will use a stand-alone amount and provide additional slots。

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Intra-American companies sold a record $77.6 billion in equities in the first half of 2026

INTRA-UNITED STATES FIRMS SOLD A RECORD $77.6 BILLION IN EQUITIES IN THE FIRST HALF OF 2026, AN INCREASE OF 20 PER CENT OVER THE SAME PERIOD IN 2025. THIS FIGURE IS THE SECOND HIGHEST IN 20 YEARS, WITH THE RATIO OF SALES TO PURCHASES BEING 11 TO 1, WITH A TOTAL OF $6.9 BILLION. DESPITE LARGE-SCALE SALES FROM INSIDERS, THE TECHNOLOGY, MEDIA AND TELECOMMUNICATIONS (TMT) INDUSTRY HAS A MARKET VALUE OF 49 PER CENT IN THE STANDARD & POOR ' S 500 INDEX, A RECORD HIGH OF 9 PERCENTAGE POINTS ABOVE THE PEAK OF THE INTERNET BUBBLE IN 2000。

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