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The Hong Kong Securities and Futures Commission (SFC) issued a restriction notice to Futu Securities International (Hong Kong) Limited, prohibiting it from handling or disposing of assets in customer accounts held by a certain entity, limited to HKD 125,247,000. This entity is suspected of participating in a fraudulent scheme aimed at creating a false or misleading appearance of demand for initial public offering shares. Futu is not the subject of the SFC's investigation, and this restriction notice will not affect Futu or its other clients.According to the notice, Futu must not dispose of or handle the relevant account assets in any way without the SFC's written consent, and must immediately notify the SFC if it receives any instructions related to the restricted assets. The SFC believes that issuing this restriction notice is in the interest of investors and the public. The investigation is still ongoing.

According to Jinshi reports, on July 24, the Central Committee of the Communist Party of China held a symposium for non-party figures at Zhongnanhai to listen to the opinions and suggestions of leaders from various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-partisan individuals. Xi Jinping presided over the meeting and delivered an important speech, emphasizing the need to adhere to the general principle of seeking progress while maintaining stability, promote the continuous development of the economy towards new, better, and good directions, implement an active fiscal policy and a moderately loose monetary policy, enhance development momentum, and ensure and improve people's livelihoods.

The cryptocurrency card project Tria announced the distribution of over $600,000 in rewards to ambassadors who promoted platform growth during Season One and Season Two, including a $250,000 ambassador bonus pool (distributed based on commission performance grading from Season One, with up to 50% additional rewards) and over $350,000 in card consumption commissions (covering card consumption and membership purchase shares for referred users from January 31 to June 30).The ambassador bonus will be available for claims on July 31, and card consumption commissions will be credited in the coming weeks, with regular distributions on the last Tuesday of each month thereafter. Tria stated that more incentive programs will be opened in Season Three, and the ambassador program continues to recruit.

According to Jinshi reports, the U.S. Central Command stated that there are currently over 50,000 U.S. troops deployed in the Middle East, maintaining a high level of vigilance and ready for combat at any time.

According to Jinshi reports, a spokesperson for the Ministry of Commerce stated that robots and power inverters are normal international commodities, and all parties, including the United States, benefit from trade.The U.S. side generalizes the concept of national security, interferes with normal business transactions between companies, and continues to promote "decoupling and breaking chains." This practice is a typical market distortion and unilateral bullying behavior.The Chinese side urges the U.S. side to immediately revoke the relevant measures, stop the erroneous practices, and states that if the U.S. side insists on going its own way, the Chinese side will resolutely counteract.

Qualcomm released its Q3 2026 fiscal year financial report, with revenue of $9.95 billion, a year-on-year decrease of 4%, slightly higher than the market expectation of $9.67 billion; adjusted earnings per share were $2.21, basically in line with expectations; net profit was $2 billion. The chip business (QCT) revenue was $8.5 billion, of which mobile-related business was $5.1 billion, a year-on-year decrease of 20%; automotive electronics business revenue reached a record $1.59 billion, a year-on-year increase of 61%, achieving double-digit year-on-year growth for 23 consecutive quarters; Internet of Things business revenue was $1.83 billion, a year-on-year increase of 9%.Qualcomm expects adjusted earnings per share for Q4 to be between $2.05 and $2.25, below analysts' expectations of $2.36. CEO Cristiano Amon stated that revenue from Apple will enter a phase of accelerated decline, and due to supply chain constraints, Qualcomm's component share in the next-generation iPhone is "far below the previously estimated 20%." To cope with the contraction of its Apple business, Qualcomm is accelerating its diversification transformation, expecting its data center business to achieve approximately $5 billion in revenue by fiscal year 2027, and has completed the acquisition of AI software company Modular. Qualcomm plans to adjust prices for some products starting September 1 to address rising costs across the entire supply chain.

According to Jinshi reports, Meta, Microsoft, Qualcomm, and ARM will announce their Q2 2026 financial reports after the US stock market closes.

The Federal Reserve maintained the benchmark interest rate at 3.50%-3.75%, marking the fifth consecutive meeting without changes. The decision statement noted that Hammack, Kashkari, and Logan favored raising interest rates, reiterating that inflation remains high, partly due to the impact of shocks.

Binance will launch commodity options on July 29, 2026, at 18:00. Users can trade gold (XAU USDT) and silver (XAG USDT) options using USDT.During the event, all commodity options trades will enjoy zero Maker fees and lower Taker fees, with the specific fee rates being: Maker 0%, Taker 0.02%.

According to Jinshi reports, the Houthi armed forces in Yemen are considering imposing fees on merchant ships passing through the southern Red Sea. The Houthis announced a maritime blockade against Saudi Arabia on July 20, opening a new front against the United States and its allies, and expanding the scope of attacks on oil tankers. Sources say the Houthis are studying the imposition of fees on most vessels passing through the Bab el-Mandeb Strait, with the implementation time yet to be determined. This move aims to normalize the practice and increase pressure on the United States.

According to Edaily, the Financial Services Commission (FSC) of South Korea plans to jointly draft a unified government bill for the "Basic Law on Digital Assets" with the ruling Democratic Party, covering the issuance and circulation of stablecoins, business rules for digital assets, exchange admission requirements, information disclosure, internal control, and system resilience standards. Currently, there are 10 related bills pending review in the National Assembly, but there has not yet been consensus on core disputes such as whether the issuers of won-pegged stablecoins must be bank holding companies and whether to impose shareholding restrictions on major exchanges. The FSC has not yet determined the submission date for the bill.Meanwhile, the opposition party's People Power Party lawmaker Song Yeon-sik submitted a proposal to abolish the cryptocurrency income tax amendment to the National Assembly's Finance and Economy Planning Committee for review on Wednesday. Additionally, a tax abolition petition supported by over 50,000 people is also expected to be submitted to the petition subcommittee. According to the current plan, starting from January 1, 2027, cryptocurrency transfers or lending income exceeding 2.5 million won per year will face a 20% income tax plus a 2% local tax. The government and the ruling party support the timely implementation, while the opposition party believes it is unfair to tax cryptocurrencies when most ordinary stock investors remain tax-exempt.

According to a report by Z Finance, Tencent's AI-native desktop intelligent agent platform WorkBuddy entered public beta on March 9, achieving a monthly active user count of 20 million across all platforms within 3 months, with daily active users surpassing 13 million, including over 2 million daily active users on the PC side, and a DAU/MAU ratio stabilizing between 65%-75%. The product is led by Liu Yi, Vice President of Tencent Cloud, with a core team of about one hundred people, classified internally as one of the highest priority AI projects. The team claims they are currently only "temporarily ahead by half a position."WorkBuddy is derived from Tencent's previously launched AI programming assistant CodeBuddy, which has already covered about 12,000 engineers within Tencent. The product completed prototype development on January 17, and after the public beta in March, it has undergone a total of 43 iterations, gradually integrating capabilities related to QClaw developed by the Tencent PC Manager team based on an open-source framework. The product adopts a multi-model access strategy, with the underlying self-developed Harness engine for unified scheduling.In terms of commercialization, at the end of April, Tencent Cloud adjusted its pricing: the SaaS enterprise version was raised from 78 yuan/person/month to 198 yuan, and the private cloud enterprise version was raised from 158 yuan to 316 yuan. Market information indicates that it has acquired thousands of enterprise clients and over one hundred thousand paid seats, with an estimated annual revenue of about 300 million yuan. Third-party evaluations show that the product scored an average of 2.31/4 points on 70 questions (Word category 2.85 points, Design category 1.45 points), indicating that it is still some distance from producing stable results without manual modifications.

Ronald Keung, the head of Asian Internet Research at Goldman Sachs, stated that as the global usage of Chinese AI models surges, developers may begin to charge commercial licensing fees to cloud platforms for hosting their open-weight models. Currently, most Chinese models are released under permissive licenses such as the MIT License, allowing any user to use, modify, and host them for free, including for commercial purposes.Keung pointed out that Chinese AI models like Kimi K3 from the Dark Side of the Moon and GLM-5.2 from Zhiyu AI have performance levels that are close to those of leading models in the United States. The adoption rate among small and medium-sized enterprises, both domestically and globally, is very fast, and even large enterprises are beginning to consider using Chinese models. Goldman Sachs believes that model developers can convert the growing use of open-source into actual revenue by requiring third-party service providers to purchase commercial licenses to run model inference on their own infrastructure.

Rachel Busch has joined the stablecoin payment blockchain Tempo to lead communications. Previously, she served as Senior Manager of Corporate Communications at Circle, where she participated in telling the story of USDC and the internet financial system, and will continue to engage in the global stablecoin narrative.According to information from RootData, Tempo is a high-performance Layer 1 blockchain developed in collaboration between Stripe and Paradigm, aimed at payment scenarios, supporting mainstream stablecoins. It launched its mainnet in March 2026, having completed a $500 million Series A funding round in October 2025, with a valuation of $5 billion.

A spokesperson for the Chinese Ministry of Commerce responded to the U.S. claim that it would investigate Chinese AI companies for "distilling" U.S. cutting-edge models and may impose sanctions, stating that this move lacks factual and legal basis and is a typical act of artificial intelligence hegemony.China pointed out that some of its model capabilities are already at the leading level, and nearly 200 U.S. startups urged the government not to cut off access to Chinese open-source models. China urged the U.S. to stop the smear campaign and threats of sanctions; otherwise, it will take all necessary measures to safeguard its own rights and interests.

According to PR Newswire, Bitmine Immersion Technologies (NYSE: BMNR) increased its holdings by 9,946 Ethereum in the past week and repurchased 6.1 million shares of common stock.As of July 27, Beijing time, its total ETH holdings rose to 5,787,414 coins, accounting for approximately 4.8% of the total Ethereum supply. BitMine currently holds a total value of approximately $11.8 billion in cryptocurrencies, cash, and other investment assets, which includes about $268 million in cash and securities, 208 Bitcoins, approximately $180 million in Beast Industries equity, and an investment of about $61 million in Eightco Holdings (ORBS).The amount of ETH it has staked is 4,917,189 coins (approximately 85% of total holdings), valued at about $9.6 billion at $1,948 per coin, with current annualized staking income of approximately $254 million.