Odaily News, according to Gate data, WTI crude oil's intraday gains widened to 1.00%, now reported at $81.50 per barrel. Brent crude oil's intraday gains widened to 1.00%, now reported at $86.72 per barrel.
Odaily News: According to an official announcement, MiniMax has revised the annual cap for its API and cloud services agreement with Alibaba.
Odaily News - As a long-time Wall Street bull, Ed Yardeni, President of Yardeni Research, remains highly enthusiastic. He has raised his year-end S&P 500 target three times this year, from 7,700 points to 8,250 points, and then to 8,400 points. He believes the internet bubble back then was largely driven by the fear of missing out (FOMO), with the S&P 500's forward P/E ratio once climbing to 25 times and the tech sector reaching about 55 times. Today, however, the rally is driven by "fantastic earnings momentum" (FEMO). As earnings expectations continue to be revised upward, market valuation multiples have actually declined. Currently, the semiconductor sector's P/E ratio stands at about 17 times, and the overall market at about 20 times—far below levels seen during the 1999 bubble.
Ed Yardeni is more cautious when it comes to the AI rally. He believes there is currently "AI fatigue" in the market, making it difficult to identify the ultimate winners and losers. As such, he does not advise investors to directly chase individual AI stocks. For those looking to gain exposure to the AI theme, a diversified approach through vehicles like the Nasdaq 100 index fund would be more suitable. (Morningstar)
Odaily Planet Daily News: The core Personal Consumption Expenditures (PCE) price index rose 0.2% month-over-month and 3.3% year-over-year, both figures in line with expectations. Ellen Zentner, Chief Economic Strategist at Morgan Stanley Wealth Management, commented: "The modest upside surprise in today's inflation data, coupled with relatively strong economic performance, is not what investors or the Federal Reserve would like to see. However, this data set is not yet sufficient to tip the scales in the decision for the September Federal Open Market Committee (FOMC) meeting. (Yahoo Finance)
Odaily News: U.S. EIA Strategic Petroleum Reserve Stocks Change for the week ending August 21 came in at -3.7 million barrels, compared with the previous -5.268 million barrels.
U.S. EIA Crude Oil Inventories for the week ending August 21 stood at 0.095 million barrels, versus an expected 0.597 million barrels and a prior reading of 4.405 million barrels.
U.S. EIA Cushing, Oklahoma Crude Oil Inventories for the week ending August 21 came in at 1.176 million barrels, compared with the previous -1.314 million barrels. (Jin Shi)
Odaily News The U.S. Department of Justice announced that Kwanghee Anh, a 46-year-old Dallas resident, was sentenced to 58 months in federal prison for her role in a multi-year bank loan fraud scheme and was ordered to pay approximately $8.34 million in restitution to the affected financial institutions.
Anh pleaded guilty on March 17 this year to one count of conspiracy to commit bank fraud. Prosecutors stated that between January 2014 and March 2016, Anh and her accomplices, while working at Preferred Marketing Group, fabricated numerous financial documents, including fake IRS W-2 forms, pay stubs, and employment records, to inflate clients' incomes, fabricate employment statuses, and help clients submit loan applications containing false information to lending institutions.
The investigation revealed that the fraud ring caused multiple lenders, including federally insured financial institutions, to issue at least $10 million in fraudulent loans and credit products, resulting in losses exceeding $8.3 million to the financial institutions.
Odaily News: According to MSX.COM data, Nvidia's stock price fell 1.05%, with a total market capitalization of $5.10 trillion. Nvidia will release its Q2 fiscal 2027 earnings in the early hours of August 27, Beijing time.
Odaily News: Zhipu AI officially announced the launch and open-sourcing of GLM-5.3-Flash, the first native multimodal model in the GLM-5 series.
It is reported that the overall performance of GLM-5.3-Flash surpasses GLM-5.2, and its coding and Agent evaluations are approaching those of Claude Opus 4.8, yet its price is only one-tenth of that of GLM-5.2. It also features a new foundational model architecture, marking the first time the GLM main series has introduced a hybrid architecture combining sparse attention and linear attention, pre-trained on 30T tokens of multimodal data.
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.
Odaily News: Solana digital asset treasury company DeFi Development Corp. (Nasdaq: DFDV) has launched "State of Solana," a public real-time data and research platform designed to track Solana network market performance, staking, validators, yields, and ecosystem metrics.
DeFi Development stated that the platform aims to provide investors, developers, and ecosystem participants with real-time data on Solana network health, including on-chain activity, validator status, staking scale, and yield opportunities, helping the market gain a more intuitive understanding of Solana ecosystem development trends. (The Block)
Odaily News The development team behind the decentralized lending protocol Aave, Aave Labs, has announced that the Aave mobile app (Aave App) opened early access on August 26, introducing a "Ghost Pass" invitation mechanism that allows select users to invite friends to skip the waitlist and gain access directly. Aave stated that users who receive a Ghost Pass can view their available invitation count on the Aave App's activity page and send invitations to friends through an in-app process. Eligible users will also be notified via email or push notifications.
Odaily reported that the Pump.fun app now supports HyperEVM. Users can directly trade any HyperEVM token with USDC, earn Callout rewards, and complete transactions with near-zero fees.
Odaily报道，据Lookonchain监测，今日美国比特币ETF净流入4,038枚BTC，以太坊ETF净流入75,150枚ETH。
Odaily News, Bloomberg ETF analyst Eric Balchunas stated that gold ETFs and Bitcoin ETFs combined recorded over $7 billion in inflows over the past week, setting a new all-time high for a five-trading-day period, indicating that investors are refocusing on the "debasement trade."
Balchunas noted that as market attention shifts from the artificial intelligence (AI) theme toward safe-haven assets and inflation-resistant assets, the gold ETF SPDR Gold Shares (GLD) and the Bitcoin ETF iShares Bitcoin Trust (IBIT) have emerged as the primary inflow products, with both ranking among the top ten ETFs by inflows over the past week.
Among them, BlackRock's spot Bitcoin ETF IBIT has also seen a notable improvement in its year-to-date flow performance. Balchunas said that IBIT's cumulative inflows so far this year have turned positive, fully filling the gap left by earlier outflows.
Odaily News: Google Cloud has launched new tools to help enterprises reduce and control AI usage costs. Gemini Enterprise will introduce a pay-as-you-go model, allowing businesses to avoid fixed subscription fees and set monthly spending caps—once the budget is exhausted, AI agents will pause invocation. Customers who commit to long-term usage can receive 10% to 20% discounts, and tasks scheduled during off-peak hours may qualify for discounts of up to 50%.
Google (GOOG.O) stated that this move is aimed at enabling enterprises to trial AI at a lower cost and expand the enterprise AI market. Meanwhile, Google continues to advance frontier AI model R&D, competing with OpenAI and Anthropic. (Jin Shi)
Odaily News: Trump has not yet determined a successor for White House Press Secretary Karoline Leavitt. Leavitt's last working day is this Friday. (CBS News)
