Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Local time August 9, US President Donald Trump announced via social media that current White House Secretary Will Scharf will take up the posts of Assistant to the President and White House Counsel starting September 1, succeeding David Warrington. Trump stated that Scharf performed excellently during his tenure as White House Secretary, adding that he previously served as Chairman of the National Capital Planning Commission. It is reported that Scharf helped push the commission to approve the hundreds-of-millions-of-dollars White House Ballroom project. (CCTV News)

Network security firm Genians disclosed on August 10 that the North Korean Reconnaissance General Bureau-affiliated hacking group Kimsuky has made significant upgrades to generative AI applications. Not only has the group used AI to create phishing lures, it has also built an independent local large language model (LLM) environment and a Retrieval-Augmented Generation (RAG) system. Specific tools include local LLM management tools such as Ollama, GPT4All, Msty, and AI code editor Cursor, with the aim of automating intelligence extraction and attack workflows. (Yonhap)

According to Bitget market data, South Korea’s KOSPI index opened higher and trended upward this Monday, with its intraday gain expanding to 2%. SK Hynix rose 4.5%, while Samsung gained 2.81%. On the news front, Bank of America forecasts that Samsung Electronics and SK Hynix will announce specific shareholder return plans as follows: For Samsung Electronics, Bank of America expects the firm to return 50% of its free cash flow to shareholders, mainly including: a special dividend of over 30 trillion won to be distributed in either the third or fourth quarter; share buybacks of more than 40 trillion won in the first half of 2027; and a 30 trillion won year-end dividend to be paid in April 2027. In addition, Samsung Electronics will conduct an extra share buyback of over 30 trillion won for employee compensation. For SK Hynix, Bank of America also projects it will return 50% of its free cash flow to shareholders, with a higher proportion allocated to share buybacks than cash dividends: the chipmaker is expected to repurchase more than 40 trillion won worth of shares and distribute cash dividends exceeding 20 trillion won.

F2Pool co-founder Wang Chun posted that OCEAN Pool co-founder and CTO Luke Dashjr is not only financially bankrupt but also has lost his personal credibility. Wang also "suggested" Luke might as well try changing the PoW algorithm next, though the result would still not be favorable. Separately, yesterday's news reported that the Bitcoin BIP-110 fork faced failure just 8 hours after its launch, due to insufficient hash rate support, having produced only two blocks.

The summary of opinions from the Bank of Japan (BOJ) Monetary Policy Meeting Board Members for July is as follows: A representative from the Cabinet Office noted that appropriate monetary policy conducive to achieving price stability is critical for building a robust economy, and expressed hope that the BOJ will closely coordinate policies with the government and implement proper monetary policy. Additionally, key views from several board members include: Against Japan’s economic, price, and financial backdrop, the BOJ’s pace of interest rate hikes may be faster than market expectations. While staying vigilant to upside inflation risks, it is essential to adjust policy rates in an agile and flexible manner. The BOJ must normalize monetary policy by lifting policy rates above the lower bound of the neutral interest rate estimate range. Given that inflationary pressures may emerge starting this summer, the BOJ must clarify its resolve to prevent excessive inflation. The BOJ must accelerate adjustments to monetary support, as the cost of delaying interest rate hikes is far from negligible.

According to Bitget market data, South Korean and Japanese stock markets opened steadily higher this Monday. The Nikkei 225 index opened 0.4% higher, while South Korea’s KOSPI opened 0.8% higher. For individual stocks, Samsung and SK Hynix both gained over 2%.