Polymarket’s "Miami Marlins vs. Kansas City Royals" submarket for "O/U 8.5" saw the "Over" option surge from 43.5% one hour ago to 71% at present, a 27.5 percentage-point swing. According to ChainCatcher, the move may reflect the impact of a sudden news event.

Phison Electronics Corp. co-founder and CEO KS Pua said NAND flash memory may face its worst shortage next year, according to Bloomberg. Pua also discussed NAND's role in artificial intelligence. Phison Electronics designs, makes and sells controller chips for NAND flash memory used in solid-state drives, USB drives and memory cards.

Suiyuan Technology (688801.SH) began taking subscriptions on September 2, with its IPO priced at 142.18 yuan per share and an implied market value of about 61.187 billion yuan at listing, according to Jiemian News. The company said the offering could raise 6.119 billion yuan in gross proceeds and 5.81 billion yuan net after fees. The chip designer, founded in March 2018, has developed four generations of architecture and five cloud AI chips, and plans to use the proceeds for three projects: fifth-generation AI chip R&D and industrialization, sixth-generation AI chip R&D and industrialization, and advanced AI hardware-software co-innovation. It has not yet turned profitable. Revenue was 301 million yuan in 2023, 722 million yuan in 2024 and 990 million yuan in 2025, while net losses attributable to shareholders were 1.665 billion yuan, 1.51 billion yuan and 1.164 billion yuan, respectively. In the first half of 2026, revenue rose to 1.12 billion yuan from 611 million yuan a year earlier, but the attributable net loss widened to 632 million yuan. The prospectus said Suiyuan expects revenue of 2.3 billion yuan to 3 billion yuan in the first nine months of 2026, with a net loss of 700 million yuan to 860 million yuan. It also said the company had cumulative R&D spending of 3.676 billion yuan in 2023-2025, equal to 182.55% of cumulative revenue, though the ratio fell from 408.01% in 2023 to 181.66% in 2024 and 114.63% in 2025. The company warned that its revenue remains constrained by the early stage of China's domestic AI computing industry, long customer validation cycles and heavy dependence on Tencent, which accounted for 83.79% of revenue in 2025 through direct sales and AVAP model sales.

Jiemian News reported that in the second quarter, the ranks of active equity fund managers with more than 30 billion yuan in assets under management were reshuffled, with growth-style managers rising and some long-time leaders seeing their scale fall. It said there were 19 such managers overseeing 143 public funds, with managers themselves holding 57 funds and company executives, including senior managers and heads of investment and research departments, holding 70. Among the 19 managers, Zhang Kun was the only one to buy into all four funds he manages, with each purchase exceeding 1 million units. Chen Wenkai and Ge Lan each managed four funds and bought into three, a 75% self-purchase ratio. Liu Jianwei, Zheng Xi, Fang Jian and Ma Lei each had self-purchase ratios above 50%, while Wu Yang, Zhang Haixiao, Ren Jie and Luo Qing were at 50%. Zhang Mingxin, Yan Kai and Chen Yunzhong had no self-purchases, and Jin Zicai, who manages 13 funds, bought into only two. Jiemian News also noted that company executives often held the same funds as the managers, and in some cases increased holdings while the managers reduced theirs. The article said China's securities regulator issued a plan in May 2025 to strengthen mandatory co-investment ratios and lock-up requirements for fund companies, executives and fund managers. In April, the Asset Management Association of China released performance assessment guidelines requiring senior executives, heads of major business departments and fund managers to use a certain proportion of performance pay to buy public funds managed by their own firms or themselves, with a holding period of at least one year.

China's securities regulator on August 28 published a request for supplemental materials on Jianbang Metal Materials' overseas listing filing, asking the photovoltaic silver powder maker to explain seven issues, including the dismantling of its red-chip structure, changes in its controlling shareholder and actual controller, historical nominee shareholding, overseas fundraising projects, and whether equity incentives involved improper benefits, according to Jiemian News. The company, based in Jinan, is making its third attempt to list on the Hong Kong main board, with China Securities (CSC Financial) International as sole sponsor. Jianbang Metal reported revenue of 5.067 billion yuan in 2025 and 4.051 billion yuan in the first five months of 2026, up 187.4% year on year, while net profit margin fell to 1.4%. Its gross margin was 3.9% in 2023, 3.3% in 2024, 4.7% in 2025 and 2.0% in the first five months of 2026. The company said silver powder sales are generally a low-margin business. Raw materials accounted for 99.3%, 99.4%, 99.5% and 99.7% of cost of sales in the respective periods, while nitric acid silver purchases made up 98.6%, 99.1%, 99.6% and 99.6% of raw material procurement costs. The prospectus said the company plans to build a silver powder and other conductive materials plant in the Middle East with annual capacity of about 1,500 tons and total capital expenditure of about 200 million yuan. It expects construction to start in the second half of 2027, trial production by the end of 2028 and commercial operations in early 2029, subject to further discussions, permits and approvals. The company also plans to set up an R&D facility in East Asia and has begun preliminary talks with local companies, universities and laboratories.

Julia Wang, chief investment officer for North Asia at Nomura International Wealth Management, said the recent selloff in U.S. Treasuries is logical from the perspective of term premium. According to Sina Finance, she said long-term yields rising and term premium normalizing in the United States are “actually logical” and “expected,” adding that investors would not want to hold long-dated bonds without a repricing of term premium. Wang said yields must be higher to create a market for those long-dated bonds, and that the move is not panic but a reasonable extension of what should happen at this stage of the cycle.

BMI, a unit of Fitch Solutions, raised its 2026 annual Asia JKM LNG benchmark price forecast to $15.5 per million British thermal units from $12.5. According to Sina Finance, BMI analysts said the 2027 annual price forecast was also lifted to $10 per million British thermal units from $8 because of spillover effects from the Hormuz Strait blockade. BMI said near-term spot market supply recovery is likely to lag as shipping returns to normal and logistics bottlenecks ease. It also said the attack on Ras Laffan port and damage to regional infrastructure will temporarily affect QatarEnergy's export capacity. BMI added that Europe needs to rebuild inventories before winter, which will increase demand in the region and may divert LNG cargoes that would otherwise go to Asia, putting upward pressure on JKM prices.

According to Sina Finance, media reports citing anonymous sources said the account integration between Line, operated by LY Group, and PayPay, which had been planned for completion this summer, will be delayed. Line will need time to conduct a security review.

Hong Kong's half-day short selling turnover reached HK$23.206 billion, accounting for 19.41% of total market turnover of HK$119.556 billion, according to ETNet. There were 827 shorted stocks. Tracker Fund of Hong Kong (02800) and Southern Hang Seng Tech (03033) were the most shorted names, with HK$1.761 billion and HK$1.375 billion respectively, representing 7.59% and 5.92% of total short selling and 36.11% and 44.71% of their own turnover. XL2 South Hynix (07709) and Alibaba (09988) recorded short selling of HK$1.052 billion and HK$1.028 billion, equal to 4.53% and 4.43% of the total, and 62.14% and 23.28% of their respective turnover. Tracker Fund of Hong Kong closed at HK$25.64, down HK$0.22 or 0.85%; Southern Hang Seng Tech ended at HK$4.398, down HK$0.07 or 1.57%; XL2 South Hynix fell HK$2.24, or 6.04%, to HK$34.84; and Alibaba slipped HK$2, or 1.81%, to HK$108.4.

Digging deeper into the algorithmic level: Why are these two things mathematically two halves of the same thing?

Etoday and Nextblock said on the 2nd that they signed a memorandum of understanding with global Web3 data platform RootData for blockchain and digital asset data and content cooperation. According to ChainCatcher, the partnership will focus on providing Korean users with easier access to data on global Web3 projects, fundraising, investors, token unlocks, and market attention. The companies said they will first test data integration based on RootData's Web3 data to identify useful data products and services for Korean readers and users. The scope of cooperation will then be expanded gradually depending on test results and market response. Etoday Vice Chairman Lee Jong-jae said demand is rising in South Korea for data-driven content that can systematically track global projects and investment flows. RootData co-founder YuBo Pan said South Korea is an important market in RootData's expansion strategy and that the company expects to bring its data to Korean users and partners through the cooperation. The two sides said they will continue discussing future cooperation options, including data-driven content, project information services, market analysis, and joint promotion.

Meta Platforms is moving its internal communications from Google Chat to Slack, marking a significant shift in how one of the world's largest technology companies manages day-to-day workplace communication

A fake Claude desktop app is being used to spread RevStealer, malware that steals crypto wallets, passwords and browser data.

Anthropic, AI Agent, LLM, Claude, Token, Fable 5.1 is here. Claiming to be the world's strongest, Anthropic is also getting involved in "cached price" issues. According to Jinse Finance, cached prices have dropped by 75%.

Astra is the first OpenAI model formally classified as Critical under the company's Preparedness Framework — the highest cybersecurity capability designation

Singapore is reconsidering a key pillar of its stablecoin policy, opening the door for certain foreign-issued and jointly issued tokens to potentially qualify under its regulatory framework.

BTC has climbed back above and moved away from the 200-day moving average. The market is generally underweight and short positions are concentrated, which is characteristic of the early stages of a bull market. The current situation is more like the late stages of a bear market. A true bull market will require clear signals from dollar liquidity, fiscal policy, and the US Treasury market.

Systemic Risks and a Four-Layer Defense System for Artificial Intelligence, AI Agents, and AI Programming (Jinse Finance), Taming the Illusions in AI Programming: From Engineering Governance to System Determinism.

Perpetual Contracts, DeFi, Options, Perp DEX, Cryptocurrency, Crypto Options: Is Now the Window of Opportunity? Jinse Finance: What are the real changes right now? Is this truly a turning point for crypto options?

Prediction markets are no longer the domain of just two companies; crypto exchanges and on-chain protocols are all vying for a piece of the action.