Dan Bin responds to doubts: Oriental Harbour did not significantly reduce positions during the sharp July correction, only making minor structural adjustments to a very small proportion of its holdings.

According to Bitget's market data, Brent crude oil has fallen back below $86 per barrel, down 1.32% on the day. WTI crude oil is down 1.00% intraday, currently trading at $80.59 per barrel.

According to Bloomberg News, Nasdaq announced it has reached an agreement to acquire dark pool trading platform LeveL Markets, further expanding its footprint in the stock market trading infrastructure sector. The deal is part of Nasdaq’s ongoing effort to extend the boundaries of its traditional exchange business; in recent years, the company has transformed from a standalone stock trading platform into a comprehensive market infrastructure provider covering trading, market data, indices, clearing, and fintech services. Sources familiar with the matter disclosed that Nasdaq will acquire 100% of LeveL Markets’ equity. Dark pools allow institutional investors to execute large block stock trades without revealing order details, reducing market impact and improving execution efficiency. As institutional trading demand rises and stock market competition intensifies, trading platform operators are expanding their influence in capital market infrastructure by acquiring alternative trading systems, data services, and trading technology platforms.

Below are key pre-market news for US stocks on Tuesday: 1. Anthropic is reportedly planning an initial public offering (IPO) in September or early October and is holding pre-IPO meetings with potential investors. 2. BlackRock: Bitcoin market sentiment is shifting, with a gradual decoupling trend from US stocks emerging. 3. Pakistan says the US and Iran are close to reaching some kind of arrangement. 4. Micron executives: Memory supply shortages next year will be more severe than this year. 5. Intel announced the expansion and pricing of its $20 billion common stock offering; the company will issue 210,526,315 shares at $95 per share. 6. Jensen Huang responded to questions about "Nvidia’s plan to set up an independent financing platform to long-term mobilize over $500 billion in third-party capital for AI infrastructure development", noting that demand is real and "AI factories" are becoming investable infrastructure assets. 7. Morgan Stanley: If US inflation cools less than expected, it could intensify rate hike concerns.

YuShu Technology’s online and offline IPO subscription results have been released. Its online subscription rate stood at 0.01809759%, relatively low among the 93 newly listed stocks this year. The allocation ratio for offline investors was 0.03341824%, ranking sixth among the 46 newly listed stocks this year that offered offline IPO subscriptions. As of now, the newly listed stock with the highest online subscription rate this year is Changxin Technology, at 0.47141739%. YuShu Technology’s online subscription rate is 3.8% of Changxin Technology’s, less than 1/26; its offline subscription rate is 19% of Changxin Technology’s, less than 1/5. Notably, Changxin Technology’s final online issuance volume accounts for approximately 63.93% of the total issuance after full exercise of the over-allotment option and deduction of the final strategic placement volume, while YuShu Technology’s final online issuance volume accounts for about 30% of the total issuance after deduction of the final strategic placement volume. (Yicai)

The chief executive of Norway's sovereign wealth fund reaffirmed on Tuesday that the fund's $2 trillion in assets could suffer unexpected major losses, or even be completely wiped out. "We are in an abnormal state, but despite numerous challenges, financial markets continue to rise," he said.

According to a report from The Information, NVIDIA (NVDA.O) is developing a new open-source AI model called Nemotron 4. Multiple NVIDIA employees involved in the Nemotron project stated that they expect the largest Nemotron 4 model to have at least 1 trillion parameters. Per market data from BIT (bit.com), NVIDIA’s U.S. stock rose nearly 2% in pre-market trading.