Odaily News: The unveiling ceremony of Zhejiang Data Group Co., Ltd. was held in Hangzhou, marking the official launch of the provincial platform for data resource development, utilization, and AI industry growth. According to reports, Zhejiang Data Group is wholly funded by Hanggang Group, with an initial registered capital of 2 billion yuan. The company is responsible for the authorized operation of public data across the province, the construction of provincial-level data hubs, and supporting the province's "unified computing network" initiative to achieve centralized construction, scheduling, and operation of computing resources throughout the province.
Odaily News: BNB Chain has announced its participation in the Mastercard Crypto Partner Program, collaborating with the Mastercard ecosystem to drive the adoption of digital assets in global payments and everyday commerce scenarios.
Odaily News: BitcoinTreasuries.NET posted on X, stating that AllianceBernstein, which manages $800 billion in assets, has lowered its price target for bitcoin treasury company Strategy from $450 to $350, while maintaining an outperform rating. The target price still implies 180% upside.
Odaily News: MiniMax disclosed at its mid-2026 performance briefing that its annual recurring revenue (ARR) for August has exceeded $800 million. (STAR Market Daily)
Odaily News: Digital asset infrastructure service provider Taurus SA announced that its tokenization and custody platform has completed integration with Swift's blockchain-based distributed ledger, the international bank communication network.
Taurus stated that following this integration, clients can connect their existing digital asset infrastructure to Swift's blockchain ledger and conduct payment transactions using bank-issued tokenized deposits. The first batch of client integrations is expected to go live within days, with the first transactions based on this distributed ledger technology (DLT) expected to be completed within weeks.
In July 2026, Swift announced that its blockchain ledger was ready for initial use, with 17 banks from six continents planning to pilot cross-border payments based on tokenized deposits through the system. Subsequently, Standard Chartered and HSBC completed the first real-time cross-border transactions supported by the ledger, establishing connectivity between their respective tokenized deposit systems.
Swift stated that the blockchain ledger will serve as a coordination layer for cross-border payments, supporting round-the-clock transfers of tokenized deposits held on participating banks' balance sheets, while continuing to complete clearing through existing financial infrastructures such as real-time gross settlement (RTGS) systems during the final settlement phase. (Cointelegraph)
Odaily News - IBM announced today that it has completed the acquisition of HRL Laboratories, LLC (HRL), a leading research and development institution specializing in quantum computing, quantum sensing, advanced communications, electronics, manufacturing, and materials science. The acquisition also complements IBM's broader innovation and investment in quantum manufacturing and infrastructure. HRL's expertise in silicon-based quantum technology creates opportunities for future collaboration with IBM's pure-play quantum foundry, Anderon, supporting scalable manufacturing methods and accelerating learning cycles across multiple quantum computing paradigms. Boeing and General Motors (HRL's former owners) will continue to work with IBM and HRL on quantum applications and advanced technology development. Financial terms of the transaction were not disclosed.
Odaily News: Dallas Fed economists Rosie Levy and Srini Ramaswamy estimate that if tokenized deposits increase depositors' sensitivity to interest rates by 10%, U.S. banks' capacity to bear interest rate risk from long-term loans and securities could decline by approximately $700 billion. If tokenized deposits lead to a 10% early outflow of deposits, that capacity could fall by roughly $580 billion. The study is based on the assumption that deposits remain on average for four years. Currently, "other deposits," excluding large certificates of deposit, support $5.8 trillion of the approximately $7 trillion in long-term interest rate exposure held by the U.S. banking sector.
Odaily reported that the Hyperliquid Policy Center, together with tradeXYZ, has submitted a joint comment letter to the U.S. Commodity Futures Trading Commission (CFTC), urging regulators to bring energy-based perpetual contracts into the U.S. regulated derivatives market. The two firms stated that during periods when traditional energy markets are closed due to sudden events such as conflicts in the Middle East, market participants lack real-time tools to manage crude oil risk, while blockchain-based perpetual contract markets can provide round-the-clock price discovery and risk hedging channels.
HPC noted that during previous Middle East conflicts, traditional U.S. energy futures markets were closed, while overseas traders were able to manage risk through crude oil perpetual contracts on Hyperliquid. Data shows that during the first weekend of the conflict, approximately two-thirds of the price movement in global oil prices—from Friday's close to the reopening of traditional markets—had already been completed in advance via on-chain markets.
Odaily News Trader Bonk Guy stated that JUGGERNAUT is currently one of the Meme coins he is closely monitoring within the Robinhood Chain ecosystem, and he believes the token is currently significantly undervalued.
Bonk Guy noted that JUGGERNAUT's narrative stems from the "The Juggernaut" Meme frequently used by Robinhood co-founder Vlad Tenev, which holds strong viral potential. JUGGERNAUT previously surged to around $22 million in market cap following CASHCAT's first breakthrough of the $100 million mark, before retreating and consolidating in the $2 million to $4 million range for about a month. However, community activity and trading volume have remained strong.
Bonk Guy believes this price action aligns with his criteria for identifying assets "before a major repricing," suggesting JUGGERNAUT could see a more substantial upside in the future.
Odaily News: According to market sources, Micron Technology (MU.O) has announced new leadership appointments to accelerate innovation and growth, naming Manish Bhatia as President and Chief Operating Officer, and Scott DeBoer as President and Chief Technology and Product Officer. (Jin Shi)
According to Odaily, as per GMGN market data, the Robinhood ecosystem Meme coin JUGGERNAUT's market cap briefly surpassed $10 million, and is now reported at approximately $9.5 million, with an intraday increase of over 88%.
Odaily reminds that Meme coin prices are highly volatile and susceptible to market sentiment and hot topics. Please be aware of trading risks.
Odaily Planet Daily News Facing the multiple shocks of the Iran situation, the AI infrastructure boom, and extreme weather, global central bank governors have reconvened at Jackson Hole. With Fed Chair Warsh's communication style intertwined with bond market volatility, the market is eagerly seeking clear signals on inflation management.
Looking back at last year, then-Fed Chair Powell signaled rate cuts at this forum, while European officials also discussed further easing. However, a year later, the global economic landscape has been dramatically reshaped by the Iran conflict, the wave of artificial intelligence investment, and supply disruptions caused by extreme weather. Facing upward price pressures, some central banks have already taken the lead in raising rates, and more policymakers are preparing to follow suit.
The focus of this year's symposium is undoubtedly Kevin Warsh, the new Chair of the Federal Reserve. Since taking office, Warsh has departed from the Fed's long-standing communication tradition, abandoning explicit "forward guidance" and arguing that investors should rely more on market signals to gauge policy direction. (studylib)
Odaily News: Iranian Revolutionary Guard Corps spokesman Hossein Mohbi said regarding the latest situation in the Strait of Hormuz: "The Strait of Hormuz is currently under our control, and there are no enemy warships in the Persian Gulf." He added: "From a military and territorial jurisdiction perspective, no vessel can pass through this waterway without Iran's permission and acceptance of Iranian management."
Mohbi stated: "The Strait of Hormuz belongs to Iran and Oman, which faces us across the sea. About a month ago, we initiated negotiations with Oman and reached results acceptable to both sides." "During these negotiations, the two sides reached agreements on the shares of the Strait's waters held by each country, as well as the revenue shares that Iran and Oman would receive from it." "The United States is interfering in this process, which has caused delays in the related work." He emphasized: "If the United States does not accept our conditions, the Strait of Hormuz will never reopen." (Jin Shi)
Odaily News: AI agent development company Runable has announced the completion of a $21 million Series A funding round, co-led by Susquehanna Venture Capital and Nexus Venture Partners, with participation from Together Fund and Array VC. The AI agents currently being developed by the company can generate websites, applications, and presentations through natural language, and can also handle basic tasks such as deployment and data analysis. The new funds will be used to optimize AI inference costs and integrate infrastructure, marketing, and distribution capabilities. (TechCrunch)
Odaily News Bitcoin has rebounded strongly recently. Analysts believe that record-breaking short squeeze activity, along with policy signals from U.S. Treasury Secretary Scott Bessent, may be pushing the market into a new phase of bull market cycle adjustment.
Data shows that Bitcoin has risen approximately 23% over the past week, marking its largest weekly gain since the post-U.S. election rally in November 2024. Crypto market trading activity has also recovered in tandem, with spot and perpetual contract trading volume surging 188%. CME Bitcoin futures volume rose 152%, and the annualized futures basis climbed to 11.1%—the highest level since January 2025. Additionally, Bitcoin ETF products recorded net inflows of approximately 31,740 BTC over the week, the strongest capital inflow since the market peak in October 2025.
Vetle Lunde, Head of Research at crypto research firm K33 Research, stated that the early phase of this rally was primarily driven by short covering. On August 19, Bitcoin short positions saw a single-day liquidation scale of $1.37 billion, a record high, followed by another $739 million in short liquidations on August 21. The massive short squeeze pushed open interest in perpetual contracts down to 284,000 BTC, the lowest level since May, while market funding rates also returned to neutral.
On the macro front, policy signals from U.S. Treasury Secretary Scott Bessent regarding increased long-term Treasury buybacks are also viewed by analysts as a market catalyst. K33 believes that the Treasury buyback program could lower long-term interest rates and boost demand for scarce assets. Meanwhile, Bitcoin's correlation with gold has risen, with the 90-day correlation coefficient reaching 0.52—the highest since October 2020—while its correlation with the Nasdaq index has declined to 0.38, a one-year low.
Matt Hougan, Chief Investment Officer at crypto investment firm Bitwise Asset Management, believes that Bessent's recent remarks on sanctions against Iran's financial network have further strengthened Bitcoin's investment thesis: as the global financial system becomes increasingly influenced by geopolitics, the value of assets that are decentralized and do not rely on any single nation's financial system may appreciate further. (The Block)
Odaily Planet Daily News: Alibaba Group has announced the completion of an HK$80 billion new share placement, issuing 710 million new ordinary shares to non-U.S. persons outside the United States at a placement price of HK$112.70 per share.
The net proceeds from the placement will be fully used to strengthen the global AI strategy: approximately 60% (HK$47.871 billion) will be used to expand global computing infrastructure, and approximately 40% (HK$31.914 billion) will be used to accelerate the construction of hyperscale AI data centers. The funds will also be used to upgrade traditional cloud infrastructure, including storage, databases, and high-performance networking, to support Alibaba's full transition to an agentic cloud architecture. The placement was conducted outside the United States in accordance with Regulation S and was not registered under the U.S. Securities Act of 1933.
