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08-05

Goldman Sachs Outlines 8 Key Issues in South Korea’s Memory Sector

Original author: Bao YilongSource: Wall Street JournalSamsung Electronics and SK Hynix have seen significant recent corrections in their stock prices, with valuations falling to extremely pessimistic levels; however, Goldman Sachs believes the fundamentals do not support such low pricing and has rea

BitGo Selects Chainlink CCIP as Exclusive Cross-Chain Infrastructure Provider

ChainThink reports that on August 5, BitGo (NYSE: BTGO) migrated over $7.7 billion worth of Wrapped Bitcoin (WBTC) to Chainlink CCIP, according to Chainlink.BitGo stated that, after review, the company has discontinued its previous traditional cross-chain solution and has selected Chainlink CCIP as

Three Arrows Capital liquidators sue Zhu Su’s wife over $40 million villa sale

According to ME News, on August 5 (UTC+8), the liquidators of the now-collapsed crypto hedge fund Three Arrows Capital are suing Evelyn Tao Yaqiong, the wife of co-founder Zhu Su, demanding payment of 146 million dirhams ($40 million) from the sale of a Dubai villa in January 2024. The liquidators

ERShares founder Joel Shulman is optimistic about xAI's deployment of a space data center.

According to CNBC, Joel Shulman, co-founder of ERShares, said that if xAI successfully deploys data centers in space, Grok will establish a stronger competitive moat than OpenAI and Anthropic. Joel Shulman believes xAI’s integration of artificial intelligence, space infrastructure, and satellite com

LG Uplus Acquires MDR Provider Pgo Networks to Enhance Cybersecurity Services

According to ME News, on August 5 (UTC+8), South Korean telecommunications company LG Uplus announced it has acquired Pgo Networks, a South Korean managed detection and response (MDR) provider. This marks LG Uplus’s first acquisition in nearly seven years, aimed at enhancing its security capabilitie

KuCoin Earn to Delist GLMR and MOVR Staking Products on August 5, 2026

As per Announcement, KuCoin Earn will delist Glimmer (GLMR) and Moonriver (MOVR) staking products at 12:00:00 UTC on August 5, 2026. Users' principal and earnings will be automatically transferred to their Funding Accounts. The exchange apologizes for any inconvenience and emphasizes that KuCoin Ear

DeepSeek V4 Flash reaches 72.2 billion tokens in weekly usage, leading global AI model rankings

Huo Xing Finance reports, according to data from the multi-model aggregation platform OpenRouter, DeepSeek V4 Flash ranked first in the global AI large model usage leaderboard for the week of July 27 to August 2, with 7.22 trillion tokens processed. Data from the open platform OpenCode shows that on

The global AI competition is shifting from U.S.-China rivalry to the debate between open-source and closed-source models.

ME News report, August 5 (UTC+8): Fortune magazine recently published a commentary stating that as China’s open-source AI models rapidly rise, the global AI competitive landscape is shifting, with the true contest now moving from U.S.-China geopolitical rivalry to the battle between open-source and

Robinhood Launches $200 Million Fund Focused on Y Combinator Startups

BlockBeats news, on August 5, Robinhood is moving forward with the listing of Robinhood Ventures Fund II (RVII), providing retail investors with access to invest in seed-stage startups from Y Combinator. The fund is issuing 7.6 million shares at $25 per share, with an expected maximum fundraising am

KOSPI and Nikkei 225 rise sharply; SK Hynix gains 5.7%

ChainThink reports that on August 5, according to market data, the South Korean KOSPI index closed up 239.3 points, or 3.76%, at 6,598.25 points;The Korean KOSDAQ index rose 2.41%. Among individual stocks, SK Hynix increased 5.77%, and Samsung Electronics rose 2.5%.The Nikkei 225 closed up 2,342.91

Upbit 24-Hour Trading Volume: USDT, HOME, BTC Top Three

According to CoinGecko data, the top five traded tokens on Upbit over the past 24 hours were: USDT (18.11% of trading volume, approximately $83.57 million in turnover); HOME (11.25% of trading volume, approximately $51.88 million in turnover); BTC (6.65% of trading volume, approximately $30.69 mi

Chainlink (LINK) Sees Largest Exchange Outflows Since June Amid 2023 Accumulation Pattern

Chainlink’s setup is one of the more precisely documented potential recovery frameworks in the current crypto market — not because of speculation, but because the exact same pattern structure, in the exact same position within the same long-term triangle, on the same asset, produced a documented +21

Samsung and SK Hynix executives under investigation over union bonus agreements

Odaily Planet Daily reports that, according to a shareholder group called the "Korean Shareholder Movement Headquarters," the Gyeonggi Southern Police Agency has assigned two cases to its First and Second Investigation Departments for formal investigation.On July 22, the group filed a complaint with

Moody's: U.S. Plans to Restrict Chinese Optics Components; Coherent and Others See Replacement Opportunities

According to Chaoxiang Research, Reuters reported on August 4 that the Trump administration and the FCC are preparing to restrict Chinese data center components from entering the U.S., with optical modules specifically mentioned. A Morgan Stanley report released the same day noted that InnoLight and

DeepSeek V4 Flash reaches 72.2 trillion tokens in weekly usage, leading global AI model rankings.

According to ChainCatcher, data from the multi-model aggregation platform OpenRouter shows that, during the week of July 27 to August 2, DeepSeek V4 Flash ranked first globally in AI model usage volume with 7.22 trillion tokens processed. OpenCode, an open-source platform, reports that this model al

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