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Zhihu invests a whopping 1.5 billion yuan to establish an AI subsidiary, marking a shift in its AI strategy from product trial runs to an independent business entity.

53 minutes ago

Dongcha Beating AI News Flash: Zhihu recently established Beijing Zhizhe Exploration Technology Co., Ltd., with a registered capital of 1.5 billion yuan, and Zhou Yuan, founder of Zhihu, serving as its legal representative. The new firm is wholly owned by Beijing Zhizhe Tianxia Technology Co., Ltd., Zhihu’s core domestic operating entity, and its business scope covers big data services, internet data services, AI basic software and application development, etc. Notably, the 1.5 billion yuan refers to the shareholders’ subscribed registered capital, not equivalent to Zhihu’s actual cash injection of 1.5 billion yuan. To date, Zhizhe Exploration’s paid-in capital, capital contribution method, and specific business plans remain undisclosed. The establishment of the new company comes as Zhihu accelerates its AI commercialization drive. Zhihu has expanded its AI business to areas including AI search, brand content assets, expert data solutions, and developer tools, but management previously noted that the AI business is still in the commercial verification stage and has not yet generated stable, large-scale revenue.

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Adviser to the UAE President: Will develop an alternative energy roadmap, energy exports will not be 'held hostage' by the US-Iran conflict.

Anwar Gargash, an advisor to the UAE President, said Monday that the United Arab Emirates is actively building alternative routes for energy exports and trade to ensure its core economic interests are not "kidnapped" by the conflict between the U.S. and Iran. He emphasized: "Our energy exports will not be taken hostage, and our trade and economic activities will never be subject to others' control." Gargash noted that freedom of navigation is not a concession to be granted, nor a principle to be renegotiated under pressure, adding that any long-term solution must establish a reliable security mechanism to prevent future attacks by Iran on Gulf countries. Against the backdrop of the Strait of Hormuz being blocked and attacks on its territory and oil tankers, the UAE and Qatar on the same day called on Gulf nations to enhance their own security capabilities. Majid Al Ansari, spokesperson for Qatar's Ministry of Foreign Affairs, said that while the strategic partnership with the U.S. is important, "this is not enough", and Gulf countries need to achieve a greater degree of self-sufficiency in the security sector. Gargash also stated that relations between the UAE and Iran are ultimately expected to recover, but rebuilding political trust between the two sides after the recent attacks could take decades. He added that Gulf countries can no longer assume that external allies will always prioritize their security.

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U.S. stock markets are closed today, while gold, silver and oil trading ends early.

Due to the U.S. Labor Day holiday, U.S. and Canadian stock markets will be closed on Monday, September 7. Trading in precious metals and U.S. crude oil futures contracts on CME Group will end early at 02:30 Beijing Time on September 8, while stock index futures contracts will cease trading early at 01:00 Beijing Time the same day. Brent crude oil futures trading on Intercontinental Exchange (ICE) will end early at 01:30 Beijing Time on September 8. Additionally, the weekly U.S. API and EIA crude oil inventory data will be delayed to 04:30 Beijing Time on Thursday, September 10 and 00:00 Beijing Time on Friday, September 11 respectively.

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US sanctions fail to block Iran's funds: Around $90 billion in 'shadow banking' funds still flow through US banks

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) recently analyzed and found that roughly $9 billion in shadow banking activity suspected to be linked to Iran flowed through U.S. correspondent bank accounts in 2024. Of that total, around $5 billion originated from foreign shell companies, while another $4 billion involved foreign oil enterprises suspected of acting as Iranian front companies. The report noted that Iranian-linked entities do not need to hold direct U.S. bank accounts to access the U.S. dollar system, instead using intermediaries and correspondent banks in financial hubs such as the UAE, Hong Kong, and Singapore. These networks layer transfers through shell companies, exchange firms, and entities in sectors including oil, shipping, investment, and technology to obscure the funds’ ties to Iran. Beyond traditional financial channels, Iran is increasingly relying on cryptocurrency to evade sanctions. Reuters previously estimated that Iran-related cryptocurrency activity reached $8 billion to $10 billion in 2025. The U.S. government has recently expanded the scope of its secondary sanctions on Iran, including sectors such as digital assets, gold, technology, aviation, and shipping.

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Binance Wallet intercepted $540 million in potential losses in the first half of the year, as AI-driven crypto scams continue to accelerate and escalate.

According to Binance’s official disclosures, in the first half of 2026, the Binance Wallet Security Center helped users avoid approximately $540 million in potential losses, conducting real-time risk interception across multiple areas including spam transfers, malicious transactions, and authorizations. Data shows that during H1, the security center filtered around 206 million spam transfers, protecting 2.6 million users; identified roughly 4.93 million high-risk transactions across 19 blockchains; and detected approximately 996,000 malicious authorizations. Binance stated that attackers are leveraging AI to mass-generate malicious code, phishing websites, and fake identities, leading to a nearly threefold month-over-month increase in new malicious entities. Attack patterns have also shifted from "mass phishing" to more precise targeted fraud. The exchange added that its security system has started using AI to analyze the behavioral logic and risk intentions of tokens and websites, with a focus on identifying emerging attacks such as "buy-only" tokens and hidden backdoors. Users should still verify the specific details of operations before signing transactions, and regularly scan for risky authorizations and assets via the Binance Wallet Security Center.

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A trader used 50x leverage to go long on BNB and ASTER, with a single trade generating a maximum return of nearly 590%.

According to Lookonchain’s monitoring, a trader went long on BNB and ASTER with 50x leverage on Aster DEX, securing multiple times returns on both assets. Data shows the trader holds a long position of 230 BNB, valued at roughly $171,600, with current profits of approximately $13,000, translating to a 386.51% return rate. Meanwhile, the trader’s long position in ASTER amounts to 275,674 tokens, valued at around $217,600, yielding about $25,600 in gains, for a 589.60% return rate.

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A trader used 50x leverage to long $BNB and $ASTER on @Aster_DEX, making nearly 4x and 6x returns!

This trader used 50x leverage to long $BNB and $ASTER on @Aster_DEX, making nearly 4x and 6x returns! 230 $BNB($171.6K) long — +$13K (+386.51%), 275,674 $ASTER($217.6K) long — +$25.6K (+589.60%)

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