Flash News

Auto-synced blockchain, market and macro-finance updates

Auto
Today · 2026-08-01 · Sat

QUITE A MODEL FOR QUIXUAN

The Head of Multi-Mode Understanding has offered to leave his post and prepare to start a business. The former OpenAI researcher, Yong Yongta, will take over the development of the Visual Language Model (VLM) and continue to report to Yao Sun Yu. Hu Chang joined the Microsoft Asia Institute in early 2025. Since then, he has entered the Frontier Frontier Frontline Study Group of the Large Language Model Department and is involved in world model development. With Yong Yong Tian taking over VLM, the Hu Guangwon team may shift the focus to the world model。

View Details

Wood Sister works for SpaceX: or become the most important company in global history

On July 23rd, even though SpaceX's share price had dropped significantly into the IPO price, Cathy, Wall Street Star Fund Manager, the ark owner... Cathie Wood continues to claim that this pioneer company of aerospace and satellite networks has the potential to become “the most important in global history”. On Wednesday, the Ark Investment Management Company (Ark Invest) also acquired SpaceX shares through various ETFs, including ARK InnovationETF (ArkK), ARK Autonomous Technology and Robot ETF (BARKQ), ARK Next Generation Internet ETF (ARKW) and ARK Space and Defence Innovation ETF (ArkX). It was informed that a total of 121,384 units had been purchased for the transaction, with a total investment of approximately $14 million, based on a closing price of $115.26 for SpaceX on that date。

View Details

Sources: Kazakhstan ' s oil production declined due to the closure of export terminals as a result of drone strikes

On 23 July, two industry sources indicated that the country's oil production had declined with the closure of the Black Sea terminal, Kazakhstan's main portal for crude oil exports, as a result of drone strikes. The decline in production was particularly marked in the Tyngis oilfield, the country's largest, which was led by Chevron. According to one source, the production of the oil field has been reduced by more than half, from an average of 925,000 barrels per day in July to about 406,000 barrels on Wednesday. According to the source, the total production of oil and gas condensed oil in Kazakhstan on Wednesday fell from an average of 2.07 million barrels per day in July to 1.63 million barrels。

View Details

Beijing: Encouraging the development of the Token economy with greater support such as vouchers degrees

On 23 July, the Beijing Municipal Development and Reform Commission, among others, jointly published the Beijing City Measures for Accelerated Smart Lead Development, which promotes smart-body innovation as a driving force in the development of new forms of the intelligent economy. Encourage the development of the Token economy. Promotion of the development of a common processor for the adaptation of smart body systems, complex mission deployments and high frequency decision-making for innovation subjects, and the development of a low-delayed, high-intensity specialized reasoning chip. (b) Promoting key technical barriers such as the reasoning architecture of innovation subjects, reducing the cost of reasoning through isomeral synergies, coming and smart scheduling, accelerating the efficiency of application layers such as co-use of reasoning, intelligent task routing, and improving the efficiency of Token through full-link optimization. Reconstructing product forms and service models to foster new business models such as Token, Services (TaaS), Smarts, Services (AaaS), Outcomes, Services (RaaS) and others, and to facilitate the inclusion of more eligible Token new products in SME voucher products. Increased support, such as coupons, to encourage regional and joint innovation actors in a position to do so to explore extension applications such as token vouchers, smart-body vouchers, etc. To support financial institutions, such as banks and insurance, in the development of financial products that support smart application in accordance with the law. Supports the institutionalization and open sharing of industry knowledge, smart body implementation data, etc., by innovation, in accordance with the law, and the construction of data flyers and the continuous evolution of anti-nursing intelligent body capabilities。

View Details

Survey: Korean Won empty position reduced by chip optimism; Thai baht and new Taiwan currency empty position increased

On 23 July, a Reuters survey showed that investors had significantly cut down on their falling bets on the Korean Won as South Korea attempted to expand its foreign exchange market, strong trade performance and improved mood for the Won. According to a two-week survey of 10 interviewees, Korean Won's empty position fell to its lowest level in five months, while the drop in the Thai baht and the new thai currency went up to the highest point in months. A combination of factors has increased the confidence of market participants in the Korean Won: The introduction of a 24-hour off-the-shelf United States dollar to the Korean Won, the strong export of the AI chip led to economic recovery and stricter monetary policy. “As the Korean authorities opened up the foreign exchange market, so did the confidence of the Korean Won. South Korea's strong trade performance may also boost financial inflows, as indicated by Jeff Ng, Director of Macro Strategy for Asia, San Suai Bank, Japan。

View Details

THE SK HERCULES ADR DRIVE WENT UP BY 5%, AND THE OFFICIAL CONFIRMATION IS THAT THE KOREA-UNITED STATES ADR CHANNEL IS FULLY CLOSED

ON 23 JULY, THE UNITED STATES STOCK MARKET SK HERCULES (SKHY.US) ROSE BY OVER 5 PER CENT, REPORTING $173.75. IN THE NEWS, THE KOREA SECURITIES REGULATORY AGENCY INDICATED THAT SK HERCULES HAD SET A CEILING OF 2.5 PER CENT OF TOTAL EQUITY TO CONVERT HIS SHARES LISTED IN KOREA TO UNITED STATES-TRADED UNITED STATES DEPOSITORY CERTIFICATES (ADRS). THE CEO OF THE KOREA SECURITIES DEPOSITORY AGENCY STATED THAT THE $26.5 BILLION UNITED STATES DEPOSITORY CERTIFICATE (ADR) ISSUED BY SK HERCULES ON 10 JULY HAD EXHAUSTED THE ISSUE LIMIT. THIS MEANS THAT UNLESS THE EXISTING ADR HOLDER FIRST CONVERTS ITS SHARES TRADED IN THE UNITED STATES BACK TO KOREA, THUS FREEING UP THE SPACE FOR DISTRIBUTION, INVESTORS ARE UNABLE TO CONVERT THE SHARES LISTED IN SEOUL INTO ADRS。

View Details

SK HERCULES SET A CEILING OF 2.5% FOR THE CONVERSION OF SHARES TO ADR IN THE UNITED STATES

ON 23 JULY, SK HERCULES SET A TOTAL CEILING OF 2.5 PER CENT OF THE COMPANY ' S TOTAL ISSUED STOCK TO CONVERT THE SOUTH KOREAN EXCHANGE STOCK TO A UNITED STATES STOCK DEPOSIT CERTIFICATE (ADR). THIS $26.5 BILLION ADR ISSUE HAS EXHAUSTED ALL CONVERSIONS AND INVESTORS CANNOT EXCHANGE THEIR KOREAN SHARES FOR ADR UNLESS EXISTING ADR HOLDERS FIRST EXCHANGE US STOCK CERTIFICATES BACK TO KOREAN-OWNED STOCKS. THE SK HERCULES ADR HAS A LONG-STANDING PREMIUM ON SOUTH KOREAN-LISTED SHARES, WITH CONVERSION LIMITS OR LONGER-TERM SPREADS。

View Details

The Old Encrypted Derivative Exchange, BitMEX, announced the official closure of new user registration on September 23rd

Official communiqués were issued on 23 September 2026 at UTC04:00 for the official closure of the exchange services of the Old Encrypted Derivatives Exchange BitMEX, which ceased registration of all new users. This decision was made by the HDR Global Trading Board, the operator, following an operational and industry-wide strategic assessment. According to the bulletin, BitMEX was established in 2014 and was the first 100-fold-renewal contract product for the encryption industry, with no loss of user funds due to the theft of hackers during 11 years of operation. In terms of user operations, the platform has released all BMEX token pledges and assets have been released to user accounts; new openings will be suspended as of August 26th, UTC 04:00, only to support silo reduction operations, followed by a gradual and gradual phase-out of the silos in order to clear the market in an orderly manner, and all unsettled silos at the point of closure will be forced to level. Users can still log in to check account balances and historical records and initiate withdrawals after the platform closes; accounts management fees will be charged for KYC users who are not in the prefix currency, at a rate of $50 equivalent or 1 per cent annualized per month (higher). At the same time, users were warned about fishing fraud, and the Platform ' s reserve proved that the full coverage of the user ' s assets could be delayed by a chain confirmation。

View Details

Ministry of Commerce: China and the United States are seeking advice on tax reduction arrangements and will facilitate their implementation as soon as possible

On 23 July, at a press conference organized by the Ministry of Commerce and Foreign Affairs, Menghua Ting, in response to a question on the progress of the establishment of the Trade Council and the Investment Council between China and the United States, said that, at present, the Chinese and American economic and trade teams were maintaining close communication on specific arrangements, such as the Council ' s structure, functions, operating modalities, etc., and were exploring ways to move forward on the 30 billion-dollar equivalent tariff reduction framework arrangements. China is in the process of consulting with a wide range of stakeholders, including domestic enterprises, business associations, local governments and United States business associations, on proposals for tax reduction arrangements, and the United States is also seeking public comments on trade councils and equivalent tax reduction arrangements. Close exchanges will be maintained between the two sides to agree as soon as possible on and facilitate the implementation of tariff reduction arrangements for specific products and to further expand bilateral trade。

View Details

British listed company The Smart Web Company reduced its debt to 178 BTCs

On 23 July, the British listed company The Smart Web Company paid two weeks in advance of the Smarter Convert convertibles, and approximately $11.985 million was paid to the Tobam Group to complete repayments by selling 177.89 bits (average price of $65,762). The company CEO indicated that, while it had recognized the flexibility of the structure, it was not currently considered an appropriate capital solution. After the repayment was completed, the company held 2,700 bitcoin. The relevant potential distribution of shares has been cancelled。

View Details

UNITED STATES DOLLARS AND SILVER: IT IS PROJECTED THAT ARM-BASED CPU WILL ACCOUNT FOR 50 PER CENT OF THE CPU INCOME FROM THE SERVER BY 2030

On 23 July, the Bank of the United States forecast that by 2030, CPUs based on the ARM structure would account for 50 per cent of the income of the server CPUs, up from 32 per cent in 2025. Some 36 per cent of the commercial ARM CPUs will be launched by companies such as In Weida, Arm and Takatung, while about 15 per cent will be customized by cloud service providers。

View Details