Preview: U.S. August PCE to be released at 20:30 tonight, unlikely to serve as basis for Fed to pause interest rate hikes

According to Bitget market data, Hong Kong-listed artificial intelligence concept stocks fell broadly, with MINIMAX down over 10%, Zhipu down more than 6%, Xunce down nearly 5%, and Baidu and Meituan seeing minor declines.

Former Coinbase employee Edward Lee announced in a post that he has joined Polymarket as product lead, overseeing product development for Polymarket US and its international on-chain trading platform. Lee stated he has spent the past decade working on crypto industry infrastructure, and will now shift focus to building trading markets operating on top of these infrastructures, with the goal of advancing a vision of "everything tradable". He added that prediction markets will serve as the starting point for this vision, and invited developers, traders, and partners from regulated markets and DeFi sectors to reach out to him. According to his profile, Lee has previously built and operated trading platforms at Coinbase, Circle, Poloniex, and LINE.

According to HTX market data, Solana ecosystem tokens are seeing broad gains, with the following 24-hour performance: ? MET surged over 51%, pushing its market cap to $264 million; ? W rose over 25%, bringing its market cap to $116 million; ? JUP climbed over 14%, reaching a market cap of $1.237 billion; ? RAY gained over 10%, hitting a market cap of $1.365 billion; ? BOME rose over 8%, with its market cap now at $72 million; ? JTO climbed over 8%, reaching a market cap of $545 million.

News Flash from Dongcha Beating AI: Manus’ parent company Butterfly Effect officially announced that it has recently completed a new financing round of more than $500 million. The round was led by Boyu Capital and IDG Capital, with existing shareholders Tencent, Sequoia China, and ZhenFund also participating.

According to monitoring by AI Yi, whale address 0xc3e…800dd shorted 400 BTC with 40x leverage in the early hours of today, with a notional value of roughly $33.13 million. The position was opened at $83,171.7, has a liquidation price of $86,042.6, and is currently holding an unrealized profit of approximately $134,000.

Beating AI Express: ArtCraft founder Brandon Thomas has leveraged Claude Opus 5.5 to open-source seven alternatives to Adobe’s creative software, all built entirely from scratch in Rust. The tools are: 1. PhotoCraft: Photoshop alternative for image editing 2. VectorCraft: Illustrator alternative for vector design 3. FilmCraft: Premiere Pro alternative for video editing 4. LightCraft: Lightroom alternative for photo management and color grading 5. EffectCraft: After Effects alternative for video effects and animation 6. DesignCraft: InDesign alternative for desktop publishing 7. PdfCraft: Acrobat Pro alternative for PDF editing and processing All seven apps are free and open-source, developed for macOS, Windows, Linux, and web browsers. They aim to closely replicate Adobe’s interfaces, tools, and keyboard shortcuts, and support integration with AI agents via MCP, enabling tools like Claude to directly operate the software and modify files. However, the applications remain in early development. While PhotoCraft covers all of Photoshop’s menu commands, Thomas admits its functionality is less than 50% equivalent to Adobe’s tool. Testing shows basic features like cutout and color grading work, but operations such as free transform remain unstable. Many users on Hacker News have also reported missing features and operational issues. Thomas initially claimed he would achieve feature parity with Adobe within a month, later revising that timeline to months for near-complete functionality. He acknowledged the software is far from mature, inviting community contributions for fixes, and plans to offer bug bounties.