Odaily Planet Daily News In response to market concerns, Li Yunfei, General Manager of BYD Group's Brand and Public Relations Department, disclosed that all of BYD's investments are directly made by BYD Co., Ltd., without managing third-party funds or personal funds of executives. Therefore, Wang Chuanfu did not directly invest in CXMT (ChangXin Memory Technologies). BYD Co., Ltd. indirectly participated in CXMT's Series A financing in December 2020 through its investment in Guangdong Yifang Changda Venture Capital Partnership (Limited Partnership). (National Business Daily)

Odaily News: Analyst “AntiFragile” stated on Platform X that Bitcoin’s (BTC) order book currently shows strong buyer support, with a significant number of patient buy orders concentrated in the range 2%-20% below the current price.

AntiFragile noted that these buy orders began appearing as early as early June, representing passive buying demand positioned in advance. If BTC’s price pulls back into these zones, these orders are expected to act as a buffer, reducing market volatility. The current order book structure indicates that some investors are waiting for lower entry prices rather than buying into the uptrend. These long-standing orders may serve as potential support in the event of short-term market corrections.

Odaily News, Stacks co-founder Muneeb shared his views on the Coldcard wallet incident, summarizing lessons learned in three areas: Bitcoin storage strategy, quantum computing threats, and ecosystem security building. Regarding Bitcoin storage strategy, he noted that many industry security experts are not even familiar with Coldcard, and top-tier security research institutions may not have conducted thorough audits of its code. Muneeb believes the best approach going forward should be asset diversification rather than concentrating all funds in a single solution, and suggested:

1. Allocate 20%-30% of BTC to ETFs, such as BlackRock's Bitcoin ETF IBIT, for professional custody and regulatory protection;

2. Allocate 40%-50% of BTC to multisignature solutions like Casa, such as the three-key model, spreading keys across security companies, mobile devices, and hardware wallets;

3. Allocate 20%-30% of BTC to more advanced self-custody approaches, combining different hardware wallets and diverse entropy sources.

On the quantum computing threat, Muneeb stated that once quantum computers break through existing encryption systems in the future, Bitcoin users may experience a shock similar to "BTC suddenly being transferred out of cold wallets." The quantum threat is real, and the industry should prepare in advance rather than underestimate technological progress, especially against the backdrop of large language models accelerating scientific research breakthroughs.

Odaily News: Kimi announced the open-sourcing of PerceptionBench, a multimodal large model visual perception evaluation benchmark, designed to break down visual perception capabilities into 10 atomic-level abilities for independent assessment, covering dimensions such as visual relationships, counting, attributes, depth and 3D, localization, comparison, fine-grained recognition, context integration, OCR, and hallucination detection. The benchmark is built on model failure cases from 42 existing evaluation sets, containing a total of 3,000 manually verified questions, each testing only a single visual capability without requiring reasoning or external knowledge.

Evaluation results show that among 16 cutting-edge multimodal large models, none achieved an overall accuracy exceeding 60%. GPT-5.6-Sol ranked first with 59.7% accuracy, followed by Kimi K3 (58.5%), Claude-Fable-5 (57.2%), Gemini-3.1-Pro (56.2%), and GPT-5.5 (55.8%) in the top five. The report notes that visual hallucination remains the weakest capability across all models, indicating significant room for improvement in overall perception abilities.

Odaily News On-chain analytics firm Glassnode stated that the yield on Bitcoin's three-month futures basis has remained below the yield on the U.S. two-year Treasury note since February this year, a trend that has now persisted for several months.

Glassnode pointed out that there has only been one similar instance in history where the duration of this condition came close to the current one, namely the period from August 2022 to January 2023, which ultimately corresponded to the low point of the previous market cycle.

The firm stated that the prolonged slump in the futures basis not only reflects weak market demand for leverage but also directly impacts the overall depth and trading volume of the market.

Analysts believe that the futures basis is typically used to gauge market risk appetite and demand for arbitrage funds. When the basis yield falls below the risk-free rate, it implies that investors are earning insufficient additional returns for the risk taken by holding Bitcoin futures, which may lead to reduced capital inflows into the futures market, thereby affecting liquidity and trading activity.

Odaily News: With the rapid advancement of artificial intelligence technology, retail investing is gradually moving toward automation. A growing number of investors have begun using OpenAI's ChatGPT and Anthropic's Claude for stock research, building personalized trading systems, automatically monitoring investment portfolios, rebalancing assets, executing tax-loss harvesting strategies, and implementing trading plans based on investment goals.

Analysts note that AI-driven automated investment tools are steadily approaching mainstream adoption, though large-scale proliferation still faces challenges. Market attention is focused on the potential impact on brokerage business models, as well as the risks associated with enabling software to understand personal financial goals and autonomously execute investment decisions. Industry insiders believe AI could become critical infrastructure for retail investing, but ensuring algorithmic decision-making transparency and alignment with users' risk preferences remains a challenge that regulators and the industry must address. (CNBC)

Odaily News - Morgan Stanley China Chief Economist Robin Xing recently shared his latest views at a media briefing. Xing believes the recent volatility in the AI sector is not due to fundamental deterioration, but rather a confluence of crowded trading, capital raising by major tech firms, and rising oil prices fueling rate hike expectations. He argues that AI investment has entered a "half-time pause," with the logic shifting from chasing upstream computing chip supply to two new key themes: AI application adoption (cost reduction and revenue realization) and HALO supporting resources (energy, energy storage, raw materials). (CLS)

Odaily讯 前阿里巴巴技术副总裁、Lepton AI 创始人贾扬清宣布创立新公司 Intent Lab，并推出自主 Agent 团队“Fleet”，旨在将用户的自然语言需求直接转化为可投入生产环境的软件系统。据介绍，用户只需描述开发意图（Intent），Fleet 即可完成从系统架构设计、代码开发、基础设施部署，到测试、质量验证和性能优化等全流程工作，目标并非仅生成代码，而是交付可运行的生产级软件。据悉，Intent Lab 已同步展示多项早期成果，包括 GLM-5.2 推理引擎、一次性数据库创建以及经过完整验证的 Agent 文件系统。

Odaily Odaily News: AI voice generation startup Fish Audio announced the completion of a $52 million seed funding round, led by Coreline Ventures and Capital Today, with participation from 359 Capital, Parable, Play Time, and other institutions. The company was founded by former NVIDIA researcher Shijia Liao, who initially trained the first voice generation model on a single GPU and open-sourced it out of dissatisfaction with the lack of expressiveness in AI-generated voices on the market. Over the past year, Fish Audio has launched five models, including four voice generation models and one speech-to-text model. (TechCrunch)