Tencent's Hunyuan Hy4 Overwhelmed Just 3 Days After Launch: WorkBuddy Undergoes Emergency Scaling

This morning session of A-shares saw the three major indexes open lower, rebound in volatile trading, then retreat toward the end of the session. By midday close, the Shanghai Composite Index fell 0.2%, the Shenzhen Component Index dropped 1%, and the ChiNext Index declined 1.29%. The AI corpus sector moved higher amid volatility. The combined turnover of Shanghai and Shenzhen bourses in the morning session was approximately 1.31 trillion yuan, a decrease of around 112.1 billion yuan from the same period of the previous trading day.

According to official announcements, Hyperliquid has launched Pons (PONS) perpetual contracts, with a maximum leverage of up to 3x. The current mark price is 0.32999, and the contract open interest stands at $524,866. The current funding rate for the PONS contract is -0.0823%.

According to TASS, Anatoly Popov, deputy chairman of Russia's Sberbank, said Russia's cryptocurrency trading volume is expected to top 4 trillion rubles (around $464.3 billion) in its first year, and could hit 7.5 trillion rubles (about $870.6 billion) by 2029. Popov noted that data from Russia's Ministry of Finance shows as of February this year, Russia's daily cryptocurrency trading volume was roughly 50 billion rubles, translating to an annual volume of about 18 trillion rubles. SberCIB investment research analysts, taking a more conservative stance, project that after cryptocurrency is legalized, roughly 20% of the annual trading volume — equivalent to 3.5 trillion to 4 trillion rubles — will be executed on trading platforms in the first year. This figure is forecast to rise to between 4.75 trillion and 5.25 trillion rubles by 2028, and reach 7.5 trillion rubles by 2029.

According to data from Bank of America, crypto funds recorded $3.2 billion in inflows last week, the largest single-week inflow since October 2025.

Beating AI News: OpenClaw’s last major version launched in mid-July, with no new official major release in the nearly seven weeks since. Previously, the project updated roughly every two days on average, a pace that has now slowed significantly. Today, the OpenClaw development team rolled out a new version dubbed "OpenClaw 2.0", marking the project’s largest update to date. A total of 933 developers participated, merging over 16,000 pull requests (PRs) — accounting for roughly half of all PRs merged in the project’s history. The update focuses on lowering the barrier to entry: during installation, it automatically detects existing ChatGPT, Claude subscriptions, API keys, and local models on the user’s device, reducing manual configuration. The browser-based interface has also been revamped, enabling direct chatting, task resumption, session management, and support for multiple users to join or take over the same task. The update also covers messaging, memory, Skills, models, automation, plugins, security, and native apps. Over the past 230 days, OpenClaw released 106 versions. The team acknowledged that the previous rapid release pace outpaced its underlying architecture and release processes. Moving forward, OpenClaw will continue to reduce its update frequency.

UK major banking group Barclays projects the Federal Reserve will raise interest rates by 25 basis points each in September and December this year, reversing its earlier expectation that the Fed would hold rates steady.