Binance adjusts the funding rate settlement frequency of UNITREEUSDT perpetual contracts to every 4 hours.

According to a Bloomberg report, Chinese storage chip maker Yangtze Memory Technologies Co., Ltd. (YMTC) has completed its listing guidance, bringing it closer to a debut on the A-share market. Data from the China Securities Regulatory Commission (CSRC) website shows YMTC has finished pre-listing guidance and is deemed to meet the requirements of a listed company in terms of corporate governance structure, financial foundation, and internal control system. Market participants believe YMTC is expected to follow the capital market path of its competitor ChangXin Memory Technologies (CXMT), raising funds via IPO to expand production capacity and support China’s semiconductor industry self-reliance. Previously, CXMT completed the second-largest IPO in mainland China, raising around 66.6 billion yuan; its share price surged after listing, briefly making it one of China’s most valuable listed companies. Both YMTC and CXMT are key players in China’s semiconductor independent supply chain. Driven by AI demand, global storage chip supply tightness has drawn capital market attention to the two firms, with related chip industry chain stocks rising sharply recently. According to reports, YMTC’s NAND flash shipments in the second quarter of this year surpassed Japan’s Kioxia for the first time, becoming the world’s third-largest NAND flash supplier and further narrowing the market gap with Samsung Electronics and SK Hynix. However, news of YMTC’s IPO push has also sparked market liquidity concerns. Some investors argue that the listing of a large tech firm may siphon market funds, putting short-term pressure on tech stocks. On Wednesday, the Shanghai Stock Exchange STAR 50 Index fell 6.9%, marking its largest single-day drop in nearly a month.

CLSA released a research report stating that Zhipu AI (02513.HK)’s GLM-5.3 API is now open for access, delivering leading performance among domestic peers in complex coding and long-cycle agent tasks. Despite its smaller parameter scale, the model has achieved open-weight state-of-the-art (SOTA) results across multiple benchmarks, scoring 60 points on the Artificial Analysis Intelligence Index—matching Kimi 3 and outperforming Tongyi Qianwen 3.8 Max. The bank estimates that the GLM model’s revenue share on OpenRouter rose from 1% in January this year to 7% in July, surpassing DeepSeek’s 6% and Moonshot AI’s 3%. It added that DeepSeek’s recent price hikes signal healthy industry competition, while GLM 5.3 has regained its Pareto frontier status. Recent stock weakness may reflect an overreaction to Anthropic’s annual recurring revenue slowdown; the firm maintains an "Outperform" rating on Zhipu AI, with a target price of HK$2,061. (Jinshi)

Bitget CFD has officially rolled out its sub-account feature, tailored for institutional clients, professional trading teams, and high-net-worth users to deliver more refined multi-strategy management, with 100% physical isolation between distinct strategies and positions. Sub-accounts share the main account’s KYC status, eliminating the need for repeated identity verification. Users can create up to 5 independent CFD accounts with one click by default, supporting the deployment of various strategies including expert advisors (EA), high-frequency short-term, long-term trend, and hedging in separate accounts, ensuring each strategy operates in a clean, independent environment. The main account can centrally monitor real-time net asset value, margin ratio, pending orders, and historical orders of all sub-accounts, while retaining the authority to reset sub-account trading passwords and read-only passwords to meet professional teams’ demands for account management, permission control, and internal risk control. Risk notifications such as margin calls and liquidation alerts for each sub-account will also be sent independently to the corresponding email and App push, further enhancing multi-strategy collaboration and risk response efficiency.

The U.S. state of Florida has filed a lawsuit against OpenAI and its CEO Sam Altman, accusing the company’s generative AI products and large language models (LLMs) of constituting a legal "public nuisance." Reports indicate that several U.S. states are attempting to use the "public nuisance" legal framework to regulate AI firms, framing generative AI as "digital pollution sources" capable of causing social harm. The lawsuit alleges that AI chatbots can harm public mental health, provide unvetted advice, and pose public safety risks. Florida claims OpenAI’s rapid growth was built on deceptive practices and user exploitation, leading to widespread harm for state residents and disrupting social order. The state is seeking court-ordered restrictions and monetary damages. The case is currently regarded as a key example of U.S. regulators exploring the boundaries of AI liability. If the court upholds Florida’s "public nuisance" theory, it could prompt more states to take similar legal action against AI companies.

According to Bitget market data, SK Hynix erased an 8.3% decline in after-hours trading on the South Korean stock market, lifted by news of a share repurchase. The chipmaker rose over 4% in U.S. after-hours trading, after earlier dropping more than 3%. On the news front, SK Hynix will allocate at least 50% of its free cash flow generated between 2025 and 2027 to shareholder returns. It will continue to pursue additional share repurchases and cancellations. More shareholder return plans will be announced alongside its third-quarter earnings release. The company is considering dividend schemes including regular and special dividends. It will repurchase 40 trillion won (about $28.6 billion) in treasury stock, with the repurchase aimed at share cancellation to boost shareholder returns.

According to market data from BIT (Bit.com), SK Hynix's night session share price gain has widened to 1.8%, after earlier falling more than 3%. In related news, SK Hynix will allocate at least 50% of its free cash flow generated between 2025 and 2027 to shareholder returns. The company will continue to carry out additional share repurchases and cancellations. More shareholder return plans will be announced when it releases its third-quarter earnings results. It is considering dividend schemes including regular dividends and special dividends. SK Hynix will repurchase 40 trillion won (equivalent to about $28.6 billion) of treasury stock, with the repurchase aimed at cancelling shares to boost shareholder returns.