08 / 23

08 / 22

The US Federal Trade Commission is urged to investigate AI companies' act of destroying books

Comparatively, the US Federal Trade Commission (FTC) is being urged to investigate the acts of some AI companies obtaining AI training data by buying, scanning, and destroying books. According to an open letter obtained by Axios, more than a dozen civil society organizations are calling on the FTC to use regulatory powers to examine what large AI companies call disruptive new methods of data acquisition. Earlier, the “Washington Post” quoted court documents as reporting that Anthropic had spent millions of dollars to buy books and remove book spines to scan the pages and use them to train Claude; Google, Microsoft, and OpenAI have also faced similar copyright lawsuits. These organizations want the FTC to further determine whether such actions constitute unfair competition practices. They believe that by acquiring and destroying physical books, AI companies may actually be emptying the market's key data resources. In particular, some rare books may disappear permanently as a result, while digital companies hold the last few physical copies. Relevant organizations warn that this practice of hoarding and destroying may increase competitors' data acquisition costs, while cutting off important raw materials that AI startups rely on to train models, thereby further expanding competitive barriers for leading AI companies. However, rather than requiring the FTC to restrict AI model training, they want regulators to focus on reviewing the destruction of existing works and intervene before large AI companies use this to establish a market advantage. According to the open letter, this approach is not simply a data acquisition strategy, but may become another structural means for leading AI companies to build a systemic moat that is difficult to overcome. Currently, the FTC under the Trump administration wants to maintain a relatively friendly regulatory environment for US companies, and on the other hand, it continues to release attention to market competition and the monopoly risk of large technology companies.

The global bond market is currently selling off, and the scale of panda bond issuance has reached a record high

Comparative news. According to CCTV financial reports, the yield on long-term treasury bonds of the world's major economies has continued to rise recently, and the sell-off pressure on the bond market is heating up. However, the Chinese bond market and exchange rate have maintained a relatively smooth operation, and the scale of panda bond issuance has reached a record high for the same period in history. According to the data, as of August 21, the cumulative issuance scale of panda bonds in 2026 reached 209.975 billion yuan, an increase of over 73% over the previous year. Against the backdrop of drastic fluctuations in global bond markets, international institutions are increasing domestic RMB financing, drawing attention. According to industry insiders, we are in a completely different economic and monetary cycle than overseas. Foreign capital accounts for only about 5%-8% of China's bond market, and domestic capital has absolute pricing power. Combined with our monetary policy, we insist that I am the main focus, and overseas shocks cannot reverse the overall trend of the domestic bond market. Looking ahead to the future market, industry insiders believe that the yield on overseas bonds is likely to remain high, the allocation value of RMB bonds is prominent, and the medium to long term may welcome a continuous increase in foreign capital allocation. However, it is also important to note that higher yields on US bonds have raised the return threshold for global allocated funds, and may disrupt the will of overseas institutions to increase their holdings of RMB bonds. Furthermore, the rapid rise in bond yields in overseas developed countries may also limit domestic risk asset valuations.

Analyst: Trump's economic isolation plan could trigger Iran to launch attacks across the Persian Gulf

Comparing the news, analysts said that US President Trump is trying to achieve the unattainable goal of tens of thousands of bombs and missiles through a new round of sanctions, maritime blockades, and increased economic pressure on Iran's trading partners — forcing Iran to end the war on terms proposed by the US. However, there is a fatal blockage in this old path of forcing Iran to follow suit: the Islamic Revolutionary Guard Corps of Iran has actually taken control of the Strait of Hormuz and has launched a large number of attack drones in the direction of the Persian Gulf. The Revolutionary Guard is basically immune to economic pressure, and they also have plenty of means of retaliation. The key point in America's round of action is Monday, when Treasury Secretary Bezent will announce the details of a new plan. The plan is to shift the method of conflict from mutual air raids in the Middle East region to complete economic isolation. However, once the new economic pressure actually works, Iran is likely to use military strikes back and forth, targeting energy facilities along the Persian Gulf coast in an attempt to push up oil prices and raise America's operational costs, and force Trump to change course again.

Korean retail investors flocked to US stocks to bet on SK Hynix ADR, and 1.16 trillion won capital inflows triggered a sharp premium

Comparative news, according to data from the Korea Securities Depository and Settlement Agency, South Korean retail investors are buying up their ADR (American Depositary Receipts) listed on the US NASDAQ in a big way, causing ADR to have a large premium compared to local Korean stocks. Since SK Hynix ADR was listed on NASDAQ on July 10 to August 19, Korean investors have accumulated a net purchase of SK Hynix ADR of about US$835 million (approximately 1.16 trillion won), ranking second among US stocks bought by Korean investors during the same period, accounting for 16.4% of the total net purchase amount of US stocks by Korean investors. This trend triggered the price gap between SK Hynix ADR and local Korean stocks to continue to widen. SK Hynix Korea's shares closed down 9.75% to 1.5 million won on August 19; ADR in the US market rose 0.35% to close at $156.16. Since 1 SK Hynix ADR corresponds to 0.1 shares of the Korean capital stock, theoretically, the share value after converting the ADR price should be about 10 times the ADR price. However, as of the 19th, the Korean stock price was only 6.82 times the ADR conversion price, which meant that ADR formed a premium of about 46.67% compared to the capital stock. (NATE)

Grayscale: Bitcoin may have bottomed out, and this week's rise is a key sign of cycle reversal

Comparing the news, Grayscale wrote that this week could be a turning point for Bitcoin. Judging from historical data, Bitcoin usually bottoms out after falling about 80% from the top of the cycle. Meanwhile, in the recent round of the bear market, Bitcoin fell about 50% from the high point of the cycle. Up to this stage, its decline was less than in all previous cycles. Until now, the market has been discussing whether Bitcoin will experience a new round of decline in the fourth quarter of 2026. Although the market is still risky, this round of gains this week may indicate that Bitcoin has formed a more solid bottom.

If Bitcoin surpasses $80,000, the cumulative liquidation intensity of mainstream CEX empty orders will reach 1,393 billion

Comparatively, according to Coinglass data, if Bitcoin exceeds $80,000, the cumulative liquidation intensity of mainstream CEX empty orders will reach 1,393 billion. Conversely, if Bitcoin falls below $75,000, the cumulative liquidation intensity of mainstream CEX orders will reach 1,142 billion. Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of the contracts to be liquidated. What the columns on the liquidation chart show is actually the importance, or intensity, of each liquidation cluster that is relatively close to the liquidation cluster. Therefore, the liquidation chart shows the extent to which the target price will be affected when it reaches a certain position. A higher clearing bar indicates that once the price arrives, there will be a stronger reaction due to a wave of liquidity.

Bonk Guy: Major public chains are fully competing for retail investors, liquidity, and users. The on-chain market may explode in this round

Comparing news, crypto KOL “Bonk Guy” Unipcs wrote that the market may have seriously underestimated the scale of development of the on-chain market in this round. Currently, Robinhood, BNB Chain, Base, and Solana are all vying for retail market, liquidity, users, and attention. Unipcs believes that all major ecosystems hope to become the leading chain in this cycle and are willing to invest significant resources to promote ecological growth. It is expected that competition and activity in the on-chain market will further heat up.

The BSC meme coin Bicat rose more than 780 times during the day, and its market capitalization once exceeded 4 million US dollars

Comparative news, according to GMGN data, the BSC meme coin Bicat rose for a short time. At one point, its market capitalization exceeded 4 million US dollars. The daily increase was more than 780 times, and now reports about 3.7 million US dollars. Narratively, Binance posted a picture of a black and yellow two-color cat in December 2025 and asked the community “What would you name this cat?” Flap's official account then replied “Bicat” under the post. Users are reminded that the price of meme coins fluctuates greatly, and investors should be aware of the risks.

An account bought $200,000 CS2 EWC Cup semi-final FUT beat Furia

Comparative news, predictive market tool monitoring shows that in the Polymarket “CS2 EWC Cup FUT vs. Furia” prediction event, the $550,000 losing account (0xcd30f4698c6f5f3829893e68e18f316) bought 200,000 USD FUT to win over Furia, with an average opening price of 39.7cents and a purchase share of 500,998.8 shares. The FUT game against Furia began at 22:00 on August 22. The format is BO3. Furia is strong, and FUT is the current EWC dark horse team. Join, one step faster.

Market share of Hyperliquid perpetual contract open positions rose to 10.2%

According to Hypeflows data, based on the size of open contracts, Hyperliquid currently accounts for 10.2% of the global perpetual contract market (including all centralized trading platforms such as Binance, Bybit, OKX, etc.), which is slightly lower than the 10.4% share record set at the end of July. According to HTX market data, HYPE now reported $77.79, a 24-hour increase of 2.25%.

Hong Kong Securities Regulatory Commission: Including King Kong Coin/King Kong Fund as a questionable investment product

Comparatively, the Hong Kong Securities Regulatory Commission announced that it has included the “King Kong Coin/King Kong Fund” as a suspicious investment product related to digital tokens. According to the Hong Kong Securities Regulatory Commission, the product involves a digital token called King Kong Coin, which claims to represent a number of interests in a fund that invests in ancient art and historical relics, called the “King Kong Fund”, with a target annualized return of over 30%. The promotion campaign held earlier in Hong Kong promoted investors, and the Hong Kong Securities Regulatory Commission reminded investors to beware of any social media accounts or posts related to this product.

Short-term capital gains have come to an end, and Binance's Bitcoin inflows hit a new high since February

Comparing the news, crypto analyst Darkfost wrote that the cumulative increase of Bitcoin over the past 3 days was over 23%. As prices rose rapidly, the market began to show signs of a profit settlement. About 53,000 BTC flowed into major trading platforms, of which about 17,800 BTC were transferred to Binance. Notably, all of the 1.78 million BTC flowing into Binance came from short-term holders, particularly investors who held positions for less than a day. In contrast, long-term holders who have held BTC for more than 6 months have not transferred any BTC to Binance. This means that this round of capital inflows is mainly driven by short-term speculative capital, rather than structured sell-offs from long-term holders. According to the data, this is the largest BTC inflow to Binance since February 2026. In February of this year, short-term holders experienced a clear round of market capitulation. Currently, short-term capital is once again entering and leaving trading platforms on a large scale, reflecting a marked increase in speculative trading activity, and these brief and sudden capital flows are also driving the volatility of the crypto market to rise again. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

Sun Yuchen Says Lawsuit Against WLFI Is About Blockchain Ownership Principles

Comparing news, Bochang founder Sun Yuchen wrote that his lawsuit against World Liberty Financial (@worldlibertyfi) was ostensibly a commercial dispute involving 45 million US dollars and 4 billion tokens, but it was essentially about blockchain's founding principles. He pointed out that the industry is built on “your keys, your coins,” meaning that everyone can actually own their own assets without permission. Sun Yuchen said that the case revealed that the other party secretly embedded the power to freeze users' assets in the contract. There was no disclosure, no governance, no procedure, and that their tokens were unlocked for use within a few days. He believes that this is contrary to the name of “freedom”. If the issuer were to seize holders' assets at any time, blockchain would be no different from the old world. He will carry out the lawsuit to the end, not only to recover assets, but also to establish a precedent in court that “your assets must really belong to you”. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

Niulai's distribution address has collected more than $155,000 in processing fees

According to GMGN data, the Niulai issuing address issued a new token Niulai Life 20 hours ago. Currently, the address has issued a total of 12 tokens, with a total processing fee of 224.17 BNB (about US$155,000). Users are reminded that most meme coins have no actual use cases, and their prices fluctuate greatly, so they need to be careful when investing.