Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

According to Bitget market data, South Korea’s KOSPI index has continued its downward trend, with losses widening to 4% and currently standing at 6,328.94 points. SK Hynix fell 8.63%, while Samsung Electronics dropped 5.08%.

According to a report from The Verge, Reddit is introducing artificial intelligence to assist in moderating newly established subreddits, with plans to eventually roll out the tool across the entire platform. The company has launched an automated moderation tool powered by large language models (LLMs) to help moderators manage communities, and is expanding the use of these tools ahead of a full launch later this year. Reddit has named this tool "Rules Hub". It allows moderators to decide which rules should be enforced automatically, and what actions to take when a rule is triggered. Rules Hub uses LLMs to assess "whether a post or comment aligns with the intent of a given rule", enabling it to "better handle nuances, natural language, and edge cases while retaining moderator control", Reddit stated in a blog post. Currently, many subreddits still use Automoderator (abbreviated as Automod) to enforce rules, but Automod's tools "rely on exact keyword and pattern matching". Reddit said Rules Hub has been tested over the past several months with "new and veteran moderators from more than 700 communities, including members of Reddit's Moderator Advisory Board network". The test is now expanding to "all newly created communities", and will be "widely available" in late 2026. A Reddit spokesperson noted that Rules Hub is optional for new communities. However, Reddit appears to plan to phase out Automod's enforcement functions: the company wrote in the blog post, "Looking ahead, we believe Rules Hub, along with updated systems like Post & Comment Guidance and Safety Filters, can eventually replace many of the enforcement workflows communities currently rely on Automod for."

According to Bitget market data, spot gold has broken above the $4,300 per ounce threshold, marking its first such move since June 18. The precious metal has rallied $250 this week, with an intraday gain of over 1%.

The Shenzhen Stock Exchange announced that it will add MINIMAX-W, Luxshare Precision, and Sanhuan Group to the eligible stocks for the Hong Kong Stock Connect, with the adjustment taking effect on August 6.

According to Bloomberg’s sources, Leopold Aschenbrenner — the 25-year-old rising Wall Street AI star and former OpenAI researcher — has returned to the investment stage just days after his hedge fund neared collapse, plowing $400 million into a private company. The investment, completed on Tuesday, is the first signal of how Aschenbrenner is addressing the fallout after his Situational Awareness fund nearly collapsed last week due to margin calls from multiple Wall Street lenders. This infusion adds to the $100 million the fund already invested in the same company last month. It remains unclear which firm in his private equity portfolio received the additional capital.

U.S. President Donald Trump said during a speech at an event in Las Vegas on local time August 5 that recent oil prices have fallen and stabilized to some extent. "We might have to let it go up again," he stated, adding that he "hopes it doesn’t have to come to that." Trump did not elaborate on the remark. The Associated Press (AP) analysis points out that despite Trump’s repeated assurances that the war with Iran is nearing an end, oil prices usually rise when conflicts between the two sides flare up again.