AI / Large Models

Anthropic's Revenue Doubles to $11.6 Billion, Surpassing OpenAI for the First Time

Claude Code is the main growth engine, with Anthropic's annual revenue doubling to $11.6 billion, marking the first time in history it has surpassed OpenAI. Competition at the model layer is starting to give way to monetization speed at the application layer.

Source: FirstSquawk

Claude Writes macOS Driver for Rare HP Printer, While Suffering Large-Scale Outage

Users showcased the entire process of Claude writing a macOS driver for a printer that only supports Windows, sparking heated discussions on Hacker News; on Reddit, posts asking "Did Claude crash again?" are also gaining traction. Capability demonstrations are coinciding with stability issues.

Source: Hacker News | Reddit

> Hot Comment: Claude writes drivers for rare printers while crashing itself, akin to a straight-A student scoring full marks but frequently forgetting their pen.

Chinese Large Models in Close Combat: DeepSeek Harness Breaks GitHub Record, GLM 5.3 Matches Kimi K3

On Zhihu's hot list, the GitHub star growth rate of DeepSeek Harness has become a topic of discussion; meanwhile, GLM 5.3 has matched Kimi K3 on Artificial Analysis. Domestic models have shifted from "catching up" to "aligning with each other."

Source: Zhihu | Zhihu

Cryptocurrency / Web3

Bitcoin ETF Sees $189 Million in Daily Inflows, August Net Inflows Approach $1 Billion

The funding situation for Bitcoin spot ETFs continues to improve, with August's net inflows nearing $1 billion, even though the month is not yet over. Institutional funds are still slowly increasing their holdings through regulated channels.

Source: Cointelegraph

BlackRock: Bitcoin Has Largely Purged the $126,000 Bubble Before the 50% Drop

BlackRock's report indicates that the market has largely digested the speculative bubble that previously caused a 50% pullback. The institutional tone has shifted from "risk warnings" to "cleaning out positions is complete."

Source: Cointelegraph

Ripple Raises $275 Million, Targets U.S. Prime Brokerage Business

Ripple's new funding will be used to meet institutional clients' demands for prime brokerage services, continuing to focus on the U.S. market.

Source: Cointelegraph

Arthur Hayes Becomes CEO of Flop Labs, Betting on Q4 Airdrop

The former BitMEX founder returns to the forefront, this time as the CEO of Flop Labs, with the project expected to airdrop in the fourth quarter. The market has mixed feelings about the "Hayes concept."

Source: Cointelegraph

> Hot Comment: Every time Arthur Hayes shows up, it's like a new episode of the crypto Spring Festival Gala, and this time there's a Q4 airdrop as a lottery.

Chips / Hardware

Global Semiconductor Sell-Off Continues: SOXL Down 14%, Korean Stocks Trigger Trading Suspension

After a sharp overnight drop in U.S. chip stocks, the Korean KOSPI opened down 5% and widened to 6%, triggering a sidecar mechanism, with Samsung Electronics and SK Hynix both dropping around 7%. The 3x long semiconductor ETF SOXL fell about 14% after opening, as leveraged funds are experiencing a violent liquidation.

Source: Coinbase Markets | FirstSquawk

Loongson's Hu Weiwu: 3B6600 Achieves AMD and Intel's 7nm Performance Using 1Xnm Process

Loongson's chairman claims the next generation 3B6600 has achieved mainstream x86 chip performance using a less advanced process. The narrative of domestic CPUs "exchanging design for process" has advanced further.

Source: IT Home

Technology Companies

"Amazon Tax" Sparks Debate: HN Post with 1,200 Upvotes Discussing Platform Fees

Seth Godin referred to the fees Amazon charges sellers as the "Amazon Tax," attracting over 600 comments on Hacker News. The focal point of the debate is whether platform fees are becoming the hidden cost of digital business infrastructure.

Source: Hacker News

Apple Announces Changes to EU App Store Regulations

Apple has adjusted its App Store policies in the EU again, in response to DMA regulatory pressure. Developers continue to seek space between platform control and regulatory compliance.

Source: Apple Newsroom | Hacker News

TikTok Reportedly Exploring P2P Payments via DMs

TechCrunch reports that TikTok is exploring P2P payments through direct messages. The trend of super apps linking social, content, and payment together has another example.

Source: TechCrunch

U.S. Stocks

Bond Market Storm Looms: Nasdaq Falls for Three Consecutive Days, Chip Index Drops 5% in a Single Day

Rising oil prices and tensions in the Middle East have pushed U.S. Treasury yields higher, with the Nasdaq down 1.3%, the S&P down 0.7%, and the Philadelphia Semiconductor Index plunging 5%. Funds are shifting from overvalued AI sectors to defensive areas such as healthcare, consumer staples, and energy.

Source: Wall Street Journal | deitaone

Federal Reserve Minutes to be Released Tonight, Strategists Warn “Breaking 6” in U.S. Treasury Yields is the Biggest Risk

Markets are closely watching whether the minutes will signal calming for the bond market; some Wall Street strategists believe that if the ten-year U.S. Treasury yield breaks 6%, U.S. stocks will face greater repricing pressure.

Source: Finance Network | Finance Network

Finance / Macro

Tensions in the Strait of Hormuz Escalate: UAE Suspends Trade with Iran, Oil Prices Rise for Four Consecutive Days

The UAE announced a suspension of trade, business, and financial transactions with Iran, leading to a notable drop in shipping traffic through the Strait of Hormuz. Geopolitical risks are directly driving up oil prices and strengthening global inflation expectations.

Source: Reuters | CNBC

BofA Survey: Bond Market in ICU, Stock Market Still at KTV

BofA's global fund manager survey shows a sharp deterioration in bond market sentiment, while stock market positions remain relatively high. This divergence indicates that any liquidity shock could lead to a more intense rebalancing.

Source: Wall Street Journal

New Products / New Trends

Yushu Technology Soars 460% on First Day of Listing, Market Value Exceeds 440 Billion

Yushu Technology debuted on A-shares today, soaring as much as 629% during the session and closing up 460%. The market's pricing for robots has entered the stage of "buying future first, then looking at profits."

Source: Zhihu

> Hot Comment: Robots haven't yet entered factories on a large scale, but the stock price has already learned how to perform a backflip.

Qijing Automobile's L3 Autonomous Driving Accumulates Over 300,000 Kilometers of Real-World Testing

After obtaining L3 conditional autonomous driving road testing permission, Qijing GT7 has surpassed 300,000 kilometers of actual driving distance. Domestic L3 competition is shifting from licenses to the accumulation of real mileage.

Source: IT Home

Today's Under Currents

The most exciting today is the surge of Yushu and the crash of chip stocks, but underneath it all is the same logic: high interest rates are repricing "future earnings." With bond market yields soaring, stories like AI and robots that require long-term realization are the first to have their valuations squeezed; however, Anthropic doubling its revenue and Yushu's soaring listing also indicate that truly implementable applications and hardware can still tear open cracks from the old valuation system. The market isn't rejecting the future; it is beginning to only buy futures that can already see cash flow.