Fal retrains MiniMax H3: Image-to-video model tops leaderboards, 5-second videos rendered in just 3 seconds.

Isio Investment Management Chief Investment Officer Ajith Nair noted that the Jackson Hole symposium may not focus heavily on immediate policy decisions, but rather on the long-term direction of monetary policy, central bank policy frameworks, and their implications for investors. "While markets will naturally fixate on interest rates, this year’s key focus should be Waller’s first appearance at Jackson Hole as Federal Reserve Chair, and what it reveals about his vision for the Fed’s future direction," Nair said. He added that under Waller’s leadership, one of the most notable shifts is his apparent desire to reduce the market’s reliance on Fed forecasts and policy path projections, and this Jackson Hole gathering may further cement this approach.

Binance founder Changpeng Zhao (CZ) emphasized that young people should not rush into entrepreneurship, advising them to work at reputable large companies for a minimum of two years, ideally between two and five years, during a closed-door sharing session in Hong Kong when responding to a question about college student entrepreneurship. Citing his own four years at Bloomberg as an example, Zhao noted that the comprehensive management systems of large companies are inaccessible to new graduates who jump straight into starting businesses, and this experience will prove highly beneficial for future entrepreneurial pursuits. CZ stressed that young people must prioritize developing a specialized skill. “This is a world of global competition,” he said. “If you just claim to know programming, there are tens of millions of programmers worldwide. It’s impossible to be twice as good as everyone, but if you can rank among the top 1% or even 0.1% globally, the rewards you get could be several, dozens, even hundreds of times higher than others. The gap in treatment and opportunities between first place and second place is enormous.”

According to monitoring by TradingBeats (formerly Hyperinsight), a crypto whale known as "US Stock Market Winner"—who previously focused on US stock trading—has re-increased its HYPE holdings after locking in profits by reducing its position earlier. It now holds a 5x leveraged full long position of 295,300 HYPE tokens, with the position valued at approximately $23.811 million. This represents a roughly 93.2% increase from the 152,800 tokens remaining after the prior profit-taking reduction, and its holdings have recovered to around 90.7% of the level before that reduction. HYPE is currently trading at $80.64. The whale’s average entry price for its combined position is $81.54, resulting in an unrealized loss of approximately $265,000, with a return of roughly -5.5%. The whale’s new exit plan has shifted significantly higher. All "partial reduction only" sell orders previously set between $92 and $95 have been canceled, and it has now placed 24 sell orders between $99.03 and $110.74, planning to sell 327,300 HYPE tokens for a notional value of approximately $34.188 million, with an average order price of around $104.46. The total volume of these orders equals 110.8% of its current holdings. If all orders are filled, the whale will flip to a short position of roughly 32,000 HYPE tokens, worth approximately $2.58 million at current prices.

JPMorgan Chase raised its price target for NVIDIA (NVDA.O) from $280 to $320.

According to foreign media reports, Kuwait and Qatar, two smaller oil-producing nations in the Persian Gulf, are increasing crude oil shipments through the Strait of Hormuz, further driving a rebound in oil traffic through the waterway. Traders disclosed that before the outbreak of the Iran conflict, the two countries collectively exported around 2 million barrels of oil per day; their current exports have recovered to 70% of pre-conflict levels. The United Arab Emirates (UAE) was the first Gulf oil producer to resume large-scale oil exports via the Strait of Hormuz, using a method called "shuttle transport"—ship-to-ship transfers in the Gulf of Oman. Saudi Arabia has since followed suit. Traders noted that roughly 7 million to 8 million barrels of oil are now shipped daily through the Strait of Hormuz, up from around 4 million barrels in mid-July, equivalent to roughly three-quarters of pre-war levels. Vortexa said Monday that oil flows through the waterway are approaching 10 million barrels per day.

Beating AI News: AI inference platform fal has launched H3 Max, a video model fine-tuned from the open-source MiniMax H3. The model features enhanced prompt understanding, improved visual quality, and acceleration optimized for fal’s own inference system. According to Artificial Analysis’ audio-included video leaderboard, H3 Max’s image-to-video generation ranks first with an Elo score of 1205, outperforming ByteDance’s Seedance 2.0 and the original H3. Its text-to-video generation takes third place with a 1235 Elo score, just 4 points behind top-ranked Wan 3.0. Speed is also notable: fal states generating a 5-second 768p video takes under 3 seconds, with throughput approximately 35 times that of the original H3 API. The model is launching at a 50% discount: 768p costs $0.04 per second, making a 1-minute video $2.4; the price will revert to $0.08 per second after September 1. However, H3 Max has narrower capabilities: it currently supports a maximum resolution of 768p (the original H3 can generate 2K videos), and the launch only includes text-to-video and image-to-video functions, with Reference-to-Video not yet available.