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Today · 2026-08-02 · Sun

Movement Labs filed for Chapter 11 bankruptcy protection, which was examined for the sale of 66 million MVEs

Movement Labs has applied for chapter 11 insolvency protection. The project was reviewed as a result of a municipal agreement that allowed for the rapid sale of 66 million MOVEs, which was followed by a fall in the price of the MoVE and triggered investigations and currency buy-backs. Movement Labs recently moved to cross-border payments and stable currency settlement operations. During the chapter 11 proceedings, the successor arrangements for the Movement Labs block chain network, cooperative relationships and payment expansion plans were not yet defined and operations could continue during the reorganization period。

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Trump warns Houthi that if the Red Sea is blocked, the United States will “act”

On 22 July, according to American media reports, United States President Trump stated on Tuesday that if Yemeni Al-Houthi forces imposed a blockade on shipping and energy exports from Saudi Arabia, the United States would “address this issue”. In a meeting with Lebanese President Joseph Own at the White House Elliptical Office that same day, Trump said: “So far, things have not happened, perhaps, but we will take care of them”. He said, “If something like this happens, we will take action. We have taken action against the Al-Houthi forces before, and they have not been heard for some time since we first took measures.”

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SpaceX's ambitious ban is about to come to the market with over a hundred billion shares

On 22 July, SpaceX opened a prelude to the release of one of the largest shares in capital market history, with equities worth up to $116 billion eligible for sale for the first time next month. The ban on the sale of up to 911.5 million shares by some insiders will be lifted on 6 August, two days after the rocket, satellite and artificial intelligence company first announced quarterly performance. This is only the beginning, and by the end of this year billions of shares will be eligible for trading。

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Progress on the Vera Rubin platform in Weida: CoreWeave tests show a tenfold increase in Token consumption per unit

On 22 July, it was announced that the Vera Rubin platform for the “Giga-class AI plant” was being expanded globally and that the Vera Rubin NVL72 system had been introduced in CoreWeave, Google Cloud, Microsoft Azure and Oracle. According to In Weida, the CoreWeave test showed that Vera Rubin NVL72 achieved 10 times Token's upscaling per MW compared to Grace Blackwell NVL72. The platform integrates Vera CPU, Rubin GPU, NVLink 6, ConectX-9 SuperNIC, Bluefield-4 DPU and Spectrum-6 exchange systems, with the aim of enhancing AI training and reasoning efficiency. According to Weida, Vera Rubin has covered more than 350 plant nodes and 30 countries globally, with the goal of reducing AI infrastructure costs and increasing energy efficiency。

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