Binance Labs changed its name to YZi Labs while expanding its investment focus to include Web3, AI, and biotech. CZ is actively involved in investment activities, providing direct mentoring and training to founders; while Ella Zhang returns as head of YZi Labs to lead the next phase of growth and innovation.
MicroStrategy attracted growing attention today by buying $2.10 billion in bitcoin while selling a mix of equities and fixed income securities to fund the rapidly increasing buying. It was the fifth consecutive Monday that the company announced a purchase of digital assets. Co-founder and chairperson Michael Saylor decided that the small business software maker needed to embark on a...
Coinbase has withdrawn its pre-application to enter the Turkish crypto market, while QNB Digital Assets, a unit of Turkey's QNB Bank, has also withdrawn its application. Earlier, Turkey's capital markets commission (SPK) said that since the August 9 regulatory update, the number of companies applying for crypto licenses has increased from 47 to 76, including new companies such as Coinbase, KuCoin, and Gate.io.
According to sources, OpenAI is using chips from AMD (AMD. O) and is also using chips from NVIDIA (NVDA. O). OpenAI has booked TSMC's capacity in 2026. Broadcom (AVGO. O) and OpenAI are developing an artificial intelligence reasoning chip.
The overnight CPI and initial request data exceeded expectations at the same time, and the labor market was sluggish, but the Federal Reserve seemed to have someone floating? Under the expectation that the euro zone economy is biased towards weakness, investment banks believe that the pace of interest rate cuts may need to be accelerated.
On September 5th, Synthetix announced that it is about to start a new governance cycle and launch the application chain SNAXchain on Optimism's Superchain infrastructure. It is reported that the new round of governance committee nominations will start at 5:54:58 Beijing time on August 31 for a week. Voting will start at 18:50 on September 6, and the new cycle will be officially launched at 22:46 on September 16. Nominations need to be made on the SNAXchain, and users need to send a small amount ...
On August 18th, Yuan Bingsong, the founder of Shenzhen Caller Technology Co., Ltd., the "first brother" of the shared power bank industry, lost contact recently. At the same time, he also lost contact with Han Bing, the first-hand receiver of Shenzhen Caller. The two were pursued by the local legal team hired by the local state-owned assets for being involved in the loss of state-owned assets. According to multiple authoritative cross-sources, Yuan and Han may be involved in the loss of state-ow...
Musk has announced that X is closing its offices in Brazil, while retaining services in the country, because it could not agree to the (illegal) secret review and transfer of private information requests of the justices of the Supreme Court of Brazil. X Global Government Affairs said in a post, "Justice Alexandre de Moraes of the Supreme Court of Brazil has threatened to arrest our legal representatives in Brazil if we do not comply with his review order. And said the move was based on a secret ...
The Federal Reserve FOMC statement: The committee is concerned about both inflation and employment risks.
Trump's assassination risk aversion is heating up, while cooling inflation data continues to support interest rate cuts, and gold prices stand at 2400. This week's data will add another boost to gold prices.