Odaily News, according to Gate data, spot gold rose 3% intraday, now reported at $4,464 per ounce, marking a new high since June 5. New York gold futures surged 3% intraday, now reported at $4,521.30 per ounce.

Odaily Planet Daily News: Recent market commentary has suggested that the two first-issued Hong Kong dollar stablecoin license holders hold divergent attitudes, with HSBC reportedly taking a passive stance, possibly due to direct conflicts with its core business. In response to this speculation, an HSBC Hong Kong spokesperson exclusively told CLS reporter that the bank continues to actively expand in Hong Kong's digital asset space. "We are on track to launch in the second half of 2026, with preparations progressing as planned. Further details will be announced shortly."

The spokesperson stated that HSBC Hong Kong's decision to issue a Hong Kong dollar stablecoin stems from market demand for digital currencies and the goal of enhancing payment efficiency, while also reflecting its commitment to serving the digital asset ecosystem. In the initial phase, the use cases will focus on enabling HSBC customers to conduct on-chain P2P and P2M payments in a secure manner, as well as investing in tokenized products. Although retail payments in Hong Kong are already highly efficient, stablecoins offer consumers an additional option to participate in the expanding digital ecosystem. This initiative will complement HSBC Hong Kong's existing tokenized deposits, digital bonds, and gold tokens, further enhancing its product portfolio. (CLS)

Odaily News: According to Gate data, the U.S. Dollar Index (DXY) has fallen to 99, the first time since June, down 0.65% on the day.

Odaily News: According to Gate data, New York gold futures have surpassed $4,500 per ounce, up 2.52% on the day. Spot gold has risen 2.5%, currently at $4,442 per ounce.

Odaily News, Marvell Technology and Google announced an expanded chip development collaboration, signing a stock subscription rights agreement that allows Google to purchase Marvell shares for approximately $12.2 billion in the future. According to regulatory filings submitted by Marvell, Google can purchase up to 58,970,907 Marvell shares at an exercise price of $206.58 per share. Of these, approximately 1.4 million shares will vest quarterly in installments during the first year after the agreement is signed, while the remaining shares will gradually unlock based on revenue performance generated from jointly developed products. From the third quarter of fiscal year 2027 through the end of fiscal year 2033, for every $500 million in revenue contributed by related products, Google will receive a corresponding batch of stock subscription rights. (Bloomberg)

According to Odaily, although the White House introduced a new AI regulatory framework to AI companies such as OpenAI, Anthropic, and Google earlier this month, more than two weeks later, the AI industry still lacks understanding of the specifics of the plan, and the White House has not yet publicly released the framework's details.

It is understood that the plan aims to establish a **voluntary advanced AI model testing mechanism**, encouraging AI labs to proactively share models with the government and undergo safety assessments before releasing their most advanced models to the public. Companies such as OpenAI, Anthropic, and Google previously participated in related discussions.

Currently, the core issues drawing industry attention include testing standards, the scope of models covered, the extent of government access to information, and how companies will participate. Since the framework has not been officially made public, multiple AI companies and researchers remain unclear whether they will need to submit model weights, test data, or safety evaluation reports in the future.

The report states that the U.S. government's push for this plan comes against a backdrop of rapidly advancing frontier AI capabilities, with potential risks in areas such as cybersecurity, biological risks, and autonomous decision-making drawing regulatory scrutiny.

Some industry insiders believe that establishing a collaborative safety testing mechanism between the government and AI companies could help identify high-risk capabilities early on. However, others worry that a regulatory framework lacking transparency could lead to unclear industry standards and hinder the pace of innovation. At present, the White House has not published the full text of the AI model testing framework, and related companies are still awaiting more policy details. (The Information)

Odaily News Cryptocurrency institutional brokerage firm FalconX has announced a $1 billion secured lending facility (warehouse financing facility) with stablecoin protocol Ethena. The two parties will utilize Ethena's USDe reserve assets through a special purpose vehicle (SPV) to provide overcollateralized credit services to institutional clients.

According to the announcement, this facility will connect Ethena's on-chain liquid assets with FalconX's institutional lending demand, channeling on-chain capital into traditional credit markets. Loan assets will be held by qualified custodians, with FalconX responsible for asset origination, loan servicing, and collateral management.

Ethena is the developer of the USDe stablecoin protocol. USDe maintains its dollar-pegged stability through crypto asset collateralization and hedging mechanisms, and has already partnered with multiple centralized exchanges and DeFi protocols. FalconX, meanwhile, is a digital asset prime broker serving institutional investors, offering trading, financing, and liquidity services. (PRNewswire)

Odaily Planet Daily News: AI programming platform Replit has launched a new feature called Free Mode, powered by OpenAI's latest low-cost model GPT-5.6 Luna, aimed at reducing the cost for users to access AI programming tools and enhancing the value for paid subscribers.

Replit stated that Free Mode is currently available to Core and Pro subscribers, corresponding to the $20/month and $100/month plans, respectively. This mode will serve as the default experience, allowing users to prioritize the low-cost model for chat, brainstorming, and simple programming tasks. When a task requires stronger reasoning capabilities, Replit Agent will automatically switch to a higher-performance model.

Michele Catasta, Head of AI at Replit, said that the launch of Free Mode is made possible by OpenAI significantly cutting the cost of the GPT-5.6 Luna model. At the end of July, OpenAI reduced the API price of this model by approximately 80%, achieving cost reduction through improved model efficiency rather than relying on additional computing resources. (Fortune)

Odaily News: Robinhood CEO Vlad Tenev stated that asset tokenization will become a major trend in the future financial markets and will ultimately transform the entire global financial system. In an interview with CNBC's Squawk Box, Tenev said that tokenization applies not only to crypto assets but will also cover traditional financial assets such as stocks, private equity, and real estate. Blockchain technology can improve asset trading efficiency, reduce intermediary costs, and give more investors access to market opportunities that were previously difficult to participate in. Tenev also discussed future financial service directions such as prediction markets and agentic trading. He stated that Robinhood is transitioning from a pure trading platform to a broader financial infrastructure provider, and hopes to leverage blockchain technology to drive the development of the next generation of capital markets.

"Tokenization will consume the entire financial system." Tenev previously stated that the tokenization trend is like a high-speed train that cannot be stopped, and future financial assets may gradually migrate to operate on-chain.

Robinhood has been advancing its tokenization strategy in recent years, including exploring the tokenization of private company equity to give retail investors access to private markets traditionally dominated by institutions. Tenev believes there is strong consumer demand for private asset investment, and tokenization can serve as an important bridge connecting traditional finance with crypto infrastructure. Bloomberg also reported that.

Industry insiders believe that as financial institutions such as BlackRock and Robinhood accelerate their deployment in real world asset (RWA) tokenization, traditional stocks, bonds, funds, and other financial assets moving on-chain are becoming a significant trend in the fintech sector. However, regulatory frameworks, asset ownership confirmation, and investor protection remain key challenges that need to be addressed for large-scale adoption. (CNBC)

Odaily News: Citi maintains a "Buy" rating on SK Hynix with a target price of KRW 3.1 million, believing that its enhanced shareholder return program reflects management's confidence in medium-to-long-term growth and is expected to provide substantial support for the stock price. SK Hynix announced a KRW 40 trillion (approximately $28.77 billion) share buyback plan involving 24.07 million shares (representing 3.3% of issued shares), all of which will be cancelled. The buyback period runs from August 20 to November 19, with cancellation to occur within 1-2 weeks after completion. Meanwhile, the company has raised its 2025-2027 shareholder return standard from "within 50% of cumulative free cash flow (FCF) over three years" to "above 50%," and M&A expenditures will no longer be deducted from FCF. Citi noted that the company will also disclose further return plans during its third-quarter earnings release in October, which is expected to form valuation bottom support and enhance the certainty of medium-to-long-term returns.

Odaily News: According to Gate data, spot gold's intraday gains expanded to 2%, reporting at $4,421.48 per ounce. Spot silver prices rose 2.32%, reporting at $64.77 per ounce.