Google is in talks with AI coding agent startup Mechanize for a deal worth over $1.5 billion, aiming to recruit the startup’s talent and secure technology licensing.

According to a report from The Information, ByteDance founder Zhang Yiming told employees at a meeting last month that the company will not use distillation technology to advance its AI model capabilities, even if it means temporarily lagging behind its domestic Chinese competitors.

According to market data from BIT (bit.com), the Dow Jones Industrial Average rose 0.33% at the opening of U.S. stock trading, the S&P 500 gained 0.56%, and the Nasdaq climbed 0.39%. SpaceX plunged 10.5% amid concerns over its surging AI spending. A total of 912 million restricted shares of SpaceX are set to unlock on Thursday (Eastern Time), with a market value of approximately $114 billion calculated based on its August 4 closing price, marking the largest lock-up period unlock in U.S. capital markets history. AMD (AMD.O) fell 7% due to weak Q2 results and outlook.

According to HTX market data, Bitcoin has fallen below $64,000, with a 0.04% decline in the past 24 hours.

CryptoQuant analyst Darkfost disclosed data showing that Bitcoin’s profitable supply ratio currently stands at 52%, meaning nearly half of circulating BTC is in a loss position. This level marks a key turning point in every bear market: during each deep correction, the profitable ratio eventually stays above the loss ratio for a sustained period. In June and July, this indicator briefly fell below the 50% threshold, but a sustained loss-dominant state has not yet emerged. The current 52% reading indicates the bear market has deepened, and the market is approaching the bottom region of the cycle. The analyst further noted that regardless of what the final absolute bottom price will be, the market is currently entering the final stage of the bear market. The massive concentration of chips accumulated in the $60,000 to $63,000 range has drawn widespread attention to a directional breakout, and the continuous contraction of the profitable supply ratio provides on-chain evidence for this judgment from another dimension. Historical patterns show that when the profitable supply ratio completes bottoming near 50%, it often signals the start of a new cycle’s accumulation phase.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a short-term ETH trading expert closed out a position to take profit, earning $177,000 in just 1 hour and 17 minutes, boosting their win rate to 81%. The high-win-rate address 0xd9a…8bbf3 specializes in shorting ETH, having closed out 26,000 ETH worth roughly $48.66 million. The position’s entry price was $1,871.2, with a take-profit point set at $1,864.4. This marks the address’s 21st ETH short trade since July 27.

On-chain perpetual futures trading platform Extended has announced the launch of the RWA Prime market, which distinguishes itself from regular RWA markets by supporting RWA assets typically not covered by other platforms. Trading operates on a 24/5 basis or exclusively during the regular trading hours of underlying stocks; trading is suspended on weekends, stock market holidays, and non-trading periods, though positions remain open. Its funding rate mechanism is benchmarked against the Secured Overnight Financing Rate (SOFR). Due to its request-for-quote (RFQ) trading model and absence of a real underlying order book, the rate is determined by open interest skew rather than the bid-ask spread impact premium used in traditional perpetual contracts. As of August 5, RWA Prime has listed approximately 36 stock assets spanning sectors including semiconductor equipment (KLA Corp, Microchip Technology), semiconductor foundry (GlobalFoundries), electronic design automation (Synopsys, Cadence), Chinese concept stocks (PDD Holdings), cloud computing and software (Datadog, Autodesk, Shopify), and Bitcoin mining firms (MARA Holdings, Riot Platforms, CleanSpark, IREN Limited).