Odaily News, ARK Invest founder Cathie Wood stated that AI Token prices are declining sharply, but usage is growing rapidly. As productivity and intelligence levels rise, market demand for AI demonstrates enormous price elasticity, and a virtuous cycle is forming that is still in its early stages.

According to her reposted content, the average cost of LLM Tokens has dropped from $2.07 per million tokens on May 28 to approximately $1.02, mainly driven by price cuts on OpenAI models as well as the emergence of new open-source models like Kimi and DeepSeek, whose prices are typically only a fraction of those of closed-source models.

Odaily News Market data shows that Hong Kong chip stocks are declining, with Tianshu Zhixin (09903.HK) down 11%, Hua Hong Semiconductor (01347.HK) down over 9%, Smart-Core Holdings (02166.HK) down over 7%, and GigaDevice (03986.HK) down 6.8%.

Odaily News - According to official sources, as UNITREE (Unitree, 688836.SH) completed its initial public offering on August 19, Gate has migrated the UNITREEUSDT pre-market perpetual contracts to official perpetual contracts. The official perpetual contracts support leverage of 1-50x.

Additionally, Gate will launch the UNITREE (Unitree) contract trading competition from 16:00 on August 19 to 16:00 on August 28 (UTC+8). During the event, contract trading newcomers who complete their first contract trade and achieve a cumulative trading volume of 5,000 USDT in UNITREE/USDT can claim 5 USDT; completing 5,000 USDT in daily trading volume counts as a daily check-in, with a maximum cumulative reward of 35 USDT; for those achieving a cumulative trading volume of ≥ 10,000 USDT, they can also share in the 30,000 USDT prize pool based on trading volume proportion, with individual rewards up to 200 USDT. The total prize pool for the event reaches 50,000 USDT, with individual maximum rewards of 240 USDT.

Odaily News: Arthur Hayes posted on X that someone asked him why he is launching an AI/crypto project while believing AI is a bubble about to burst. He stated that the bubble exists in the debt used to build data centers, as well as in the stocks of unprofitable hyperscale cloud providers and frontier labs. "Price is what you pay; value is what you get." He is 100% confident in the Agentic Economy, and the excess compute capacity brought by debt-funded construction supports his assessment of Flop Labs.

Previously, Arthur Hayes announced he would end his retirement and lead Flop Labs. Flop Labs is "food" for AI agents. The project has no pre-sale, no VC participation, and adopts a 100% fair launch model.

Odaily News: AI-native accounting platform Rillet has completed a $100 million Series C funding round, reaching a valuation of $1 billion. The round was led by ICONIQ, with participation from Sequoia Capital, a16z, Oak HC/FT, and others. Rillet has completed three funding rounds over the past year, bringing its total funding to over $200 million.

Rillet primarily uses AI agents to automate enterprise accounting and financial operations, and currently serves more than 600 clients, including Neuralink, Skild AI, and Mercor. (Fortune)

Odaily News: Unitree Technology officially listed on the STAR Market, surging over 500% at the open, with a market value exceeding 350 billion yuan. According to the prospectus, Wang Xingxing, Chairman, General Manager, and Chief Technology Officer of Unitree Technology, directly holds 86,714,964 shares of the company, accounting for 21.4395% of the total share capital after the issuance. Prior to the offering, Wang Xingxing also indirectly held a 9.5367% stake in the company through the equity incentive platform Shanghai Yuyi. In total, his direct and indirect shareholding amounts to approximately 30%, with a market value exceeding 100 billion yuan, making him the wealthiest person born in the 1990s.

According to the 2025 list of entrepreneurs born in the 1990s released by New Fortune Magazine, Liu Jingkang, founder of Insta360, previously held the title with a net worth of 20.2 billion yuan. (Yicai)

Odaily News: Unitree Technology contracts on Trade.xyz surged briefly above $140, with a 24-hour gain of 29.64%, now reporting at $133.74.

Additionally, N Unitree's trading volume exceeded 10 billion yuan, with the stock price now at 911 yuan, with gains pulling back to around 500%.

Odaily报道 宇树科技今日正式在科创板挂牌上市，开盘后盘中涨幅超过500%，市值突破3500亿元人民币，这一市值水平使其跻身科创板上市公司前十名。根据此前每股150.80元的发行价计算，宇树科技估值接近610亿元，在科创板排名约50多位。（第一财经）

Odaily News Unitree Technology officially listed on the STAR Market, surging 629.44% at the open to 1,100 yuan per share, with a total market value reaching 444.9 billion yuan. Liang Wenfeng's DeepSeek, High-Flyer Quant, and Jiuzhang Asset collectively secured approximately 1.1916 million shares through strategic placement and offline IPO subscription. Based on the issuance price, Liang Wenfeng's paper profits from the Unitree Technology IPO subscription exceed 1.1 billion yuan. (China Business Network)

Odaily News: Unitree Technology's contract on Trade.xyz surged past $130 briefly, currently reported at $129.28.

Additionally, Unitree Technology-W (688836) on the A-share market saw its opening gains narrow to 496%, with shares currently priced at 899.97 RMB.

Odaily reported that trade.xyz announced on the X platform that UNITREE has been converted to a standard XYZ perpetual contract, supporting 10x leverage and 24/7, 365-day trading.

Odaily News: On-chain analyst Ember posted on X platform, stating that the opening price is 1100 yuan, corresponding to a market capitalization of 445 billion yuan; the profit per lot is 475,000 yuan.

1. The U.S. SEC Committee passed the "Crypto Asset Regulation" proposal, with commissioners voting separately outside the public meeting;

2. VanEck: 8 of 12 capitulation indicators are flashing, Bitcoin pullback may be nearing its end;

3. High yields pressure chip stocks, with Korean stocks bearing the brunt, "investors are no longer willing to pay high premiums";

4. Japanese stocks decline as bond market concerns cool AI risk appetite;

5. Robinhood CEO: The world is entering a tokenization supercycle, calling on U.S. regulators to accelerate adaptation to the tokenized market;

6. It is reported that OpenAI's revenue grew 18% quarter-over-quarter, but losses widened;

7. A newly created address sold 9.3 million KTA and 2 billion GALA tokens, causing a sharp drop in token prices;

8. Recording the second-largest single-week purchase volume in the past 12 months, hedge funds bought U.S. stocks every trading day last week;

9. Pavel Durov: Telegram has applied for the .gram domain, and users may be able to create personal websites via prompts in the future;

10. White House crypto advisor Patrick Witt: Remains "optimistic and bullish" on the passage of the Clarity Act.