South Korea's KOSPI index intraday gain expanded to 2%, with SK Hynix rising 4.5%.

Unitree Robotics will launch both offline and online subscription applications today. According to statistics from Unitree’s shareholder structure traced down to the third layer, at least 12 securities firms are involved. Notably, five of these securities firms, acting as limited partners (LPs), have taken a position in the hard tech track via private equity funds under CITIC Securities to indirectly invest in Unitree. As Unitree’s sponsor institution, CITIC Securities is expected to gain multiple returns from this project under its “investment + investment banking” synergy model. In addition to its early-stage equity investment, CITIC Securities is also required to make a follow-on investment in Unitree’s IPO project. According to the issuance announcement disclosed by Unitree on August 7, CSI Investment, the follow-on investment entity, was allocated 808,900 shares. Based on calculations of the above shareholding details, CITIC Securities holds at least over 4 million shares in Unitree through its alternative investment subsidiary and private equity fund subsidiary. (Securities China)

Per Bitget’s market data, SK Hynix rallied in early trading before pulling back, hitting a peak gain of 4.5% and now standing 0.84% higher. Consequently, the Southern 2x Long ETF opened down more than 7%.

Renowned artist and Pepe the Frog creator Matt Furie’s X account, which had remained silent for 9 months, suddenly became active in early August. Within a week, it was linked to three meme coin contract addresses in succession; most related tweets were later deleted. On August 9, the account posted, “My account is hacked, I do not endorse any shitcoins,” claiming its official website had long carried a notice to that effect. On August 1, the Matt Furie account changed its profile picture to a hoodrat image, and simultaneously posted content about meme coin HOODRAT along with its contract address (CA). After the token’s market cap surged rapidly, the tweet was deleted, and its price plummeted. On August 3, shortly after the DORK token was deployed, the Matt Furie account released its official CA, followed the project’s account, and posted an artwork linking Pepe and Dork Lord. The tweet was later removed. On-chain analyst @StandartXBT’s analysis showed the deployer quickly executed bundled buying, liquidity extraction, and selling, withdrawing significant ETH profits from the initial capital. Around August 7, the Matt Furie account posted support for meme coin project BOYZ, calling it the only token he would endorse, stating creative collaboration with the team, and adding its official website and CA. The content was widely reposted by the project team and KOLs. On August 9, the Matt Furie account posted, “The answer has always been on my website,” attaching a screenshot of its official site showing a barely noticeable line on the sidebar: “my twitter is hacked- i do not endorse any shitcoins.” On-chain analyst @StandartXBT, via monitoring web archives, found the text was not present on the official site and had no prior traces on X, casting doubt on the credibility of the account’s claim.

South Korea's People Power Party (PPP) lawmaker Jung Sung-guk plans to introduce a bill that would delay the implementation of virtual asset income taxation by three years, pushing the start date from January 1, 2027 to January 1, 2030. The lawmaker noted that the delay will allow for a full review of relevant systems, including those governing virtual asset taxation, to establish safeguards, enhance taxpayers’ predictability, and prevent institutional chaos. Under current regulations, starting January 1 next year, income from virtual asset transfers or lending will be classified as "other income" and subject to income tax. Profits exceeding 2.5 million won annually will face a 22% tax rate, consisting of 20% other income tax and 2% local income tax. Amid recent stock market volatility and surging real estate prices that have sparked widespread public criticism of the government and ruling party, the PPP appears to be seeking public support by actively proposing legislation aimed at protecting virtual asset market investors’ interests. The PPP has long held a divergent stance from the government, advocating for the abolition of this tax.

Morgan Stanley says growing access to computing power and fresh financing are supporting Zhipu AI’s stronger growth, lifting its target price for the firm by nearly 72% to HK$1,700. The bank’s report notes that China’s large language model (LLM) sector is building a healthier commercialization environment, a view that differs from the market’s widespread belief that China’s open-weight large models will lead to product homogenization and price wars.

Morgan Stanley maintains a constructive outlook on MiniMax, noting that the upcoming M3 upgrade version and M3 Pro will serve as key catalysts. However, the firm believes more of its growth will materialize in the later stage, and has cut its price target to HK$900.