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Share link:In this post: Trump’s 15% revenue deal with Nvidia and AMD lets U.S. AI chips flow to China, affecting global semiconductor trade. The agreement keeps American chipmakers in the Chinese market while pressuring rivals like Huawei. China faces a trade-off between security concerns and its need for U.S. chips to advance AI capabilities.
Share link:In this post: • Crypto miners use 50 MWh of power intended for other consumers. • Inflicted losses exceed $16 million, Kazakhstan’s financial watchdog estimates. • Kazakhstan is yet to solve problems with electricity shortages caused by mining boom.
Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
- 05:52A-share digital currency concept rises amid volatility, multiple stocks hit limit-up and follow the rallyAccording to ChainCatcher, citing Jintou News, A-share digital currency concept stocks have experienced a volatile upward trend, with multiple stocks such as Eastcompeace, StarNet Ruijie, and Wonders Information hitting their daily limit. Other stocks, including GuAo Technology, Hengbao Co., and Yinjie, also saw gains following the trend.
- 05:47India’s Central Board of Direct Taxes has initiated discussions with domestic crypto exchanges and requested responses on issues related to digital assetsAccording to Jinse Finance, Kashif Raza, founder of Bitinning, posted on the X platform that the Central Board of Direct Taxes of India has begun engaging in discussions with Indian cryptocurrency exchanges and has requested responses regarding issues related to digital assets.
- 05:26CoreWeave investors offload over $1 billion in shares after IPO lock-up period endsAccording to a report by Jinse Finance, Morgan Stanley, JPMorgan Chase, and Goldman Sachs organized a block trade of over $1 billion in CoreWeave shares after insiders at the AI data center group sold their holdings for the first time since the company went public. Company documents show that as the lock-up period expired on Thursday evening, sellers included CoreWeave director Jack Cogen, whose sold shares were valued at nearly $300 million. By midday Friday, the stock price stabilized at around $100, after having dropped about 35% over the previous two days.