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24 projects each awarded $500,000, YZi Labs unveils the fourth season roster of its EASY Residency program.

33 minutes ago

YZi Labs announces the completion of the fourth season of its EASY Residency program, with 24 early-stage projects in Web3, AI, and biotech selected, each receiving $500,000 in funding. This season’s projects underwent 10 weeks of online and in-person incubation in Bhutan, focusing on next-generation global financial infrastructure. The projects primarily cover areas including stablecoin payments and cross-border settlements, on-chain foreign exchange and credit, institutional-grade liquidity and market making, privacy and compliance, AI agents and automated trading, on-chain financial consumer and enterprise applications, AI security, and creator infrastructure. Among them: Aile focuses on on-chain foreign exchange for regional stablecoins; D0 provides local payment rails for emerging markets; Kravata offers stablecoin accounts, payments, and on/off-ramp infrastructure for Latin America; Nara develops programmable cross-border credit; Primus delivers institutional-grade on-chain privacy infrastructure; Roostoo builds an AI trading agent training and curation platform; xAPI creates an API marketplace for AI agents; and XStable provides on-chain gold and foreign exchange trading infrastructure. YZi Labs stated that this season’s projects reflect its outlook on the future of global payments, on-chain markets, and "agentic finance"—namely that financial infrastructure will become more programmable, localized, compliant, and further integrated into daily financial scenarios. Currently, YZi Labs manages over $10 billion in assets, with a portfolio of more than 300 projects across 25 countries and regions, including over 65 that have participated in its incubation programs.

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Canada will announce countermeasures against Trump’s latest tariffs, further escalating the US-Canada trade war.

The Canadian government will unveil its countermeasures against the latest U.S. tariff measures on local time Tuesday. Canadian Finance Minister and other senior officials will hold a press conference in Ottawa. Earlier, the U.S. imposed a 50% tariff on a large number of Canadian goods starting Saturday, following the breakdown of bilateral trade negotiations. Canadian Prime Minister Mark Carney had previously said Canada was prepared to take "tit-for-tat" countermeasures, but on Monday noted that given the U.S. economy is far larger than Canada's, the final plan may adopt more targeted measures rather than full reciprocal tariff hikes. Carney stated that the conditions the U.S. side put forward in the final stage of negotiations were "unfair and not in the economic interest". Meanwhile, rhetoric between the U.S. and Canada has continued to escalate. Ontario Premier Doug Ford publicly criticized Trump, who warned that Canada would face "even worse consequences" if it did not "comply". Trump further escalated his rhetoric on Tuesday, even threatening to rename Lake Ontario "Lake America". Markets are closely watching the specific scope of Canada's countermeasures, especially in core trade sectors such as automobiles, steel, aluminum and others. If the two sides continue to expand the coverage of tariffs, U.S.-Canada trade relations may further deteriorate, adding pressure to North American supply chains and inflation.

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VOO saw $4.3 billion in inflows over the week, with Nvidia's earnings report and Apple's leadership change serving as the two key catalysts.

Despite the S&P 500 index falling 0.92% over the past five trading days, the Vanguard VOO ETF, which tracks the S&P 500 index, still drew around $4.3 billion in inflows. Year-to-date, VOO has accumulated approximately $69 billion in cumulative net inflows, ranking as the world’s top ETF by capital inflows, and on June 2, it became the first ETF to surpass $1 trillion in net asset value. Currently, VOO’s top 10 holdings account for roughly 37.6% of the fund’s assets, with NVIDIA and Apple making up about 7.55% and 7.05% respectively, giving the fund high exposure to large-cap tech stocks. NVIDIA is set to release its fiscal 2027 second-quarter results on August 26; market projections put its revenue at around $91.85 billion, while the company’s guidance is $91 billion ±2%. Apple will see a CEO handover on September 1, with John Ternus succeeding Tim Cook. The report notes that VOO’s sustained inflows this year reflect investors’ "buy the dip, hold long-term" strategy, though NVIDIA’s AI demand and Apple’s management transition could be key factors affecting VOO’s short-term performance. If NVIDIA’s earnings signal a slowdown in AI spending, or Apple’s CEO transition sparks concerns over its AI strategy, services business and capital allocation, VOO’s highly concentrated structure may amplify related volatility.

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Qwen4 is yet to be released, but its architecture has arrived first: Qwen3.8-Flash-Next will launch tomorrow evening.

Beating AI News Insight: Alibaba has unveiled the next-generation architecture for Qwen4 ahead of schedule. ModelScope has launched a preview page for Qwen3.8-Flash-Next, a multimodal Mixture of Experts (MoE) model that activates only a subset of parameters per inference, built on the Qwen4 architecture. It is scheduled for public release at 23:00 on August 26. Alibaba stated that releasing the architecture early is to let the community prepare for the upcoming full Qwen4 model family. Strictly speaking, what will launch tomorrow night is not the official Qwen4 version, but rather a "Qwen4 technical preview" – a practice Alibaba has used before. In 2025, Qwen3-Next first introduced a mixed architecture combining Gated DeltaNet and standard attention, a design later adopted by the Qwen3.5 series. Alibaba released the 2.4T-parameter Qwen3.8-Max earlier this month, and is now unveiling its next-generation architecture less than a month later, reflecting a very fast pace.

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Trump was revealed to have bought stocks worth between $15,000 and $50,000 after SpaceX went public, and is currently sitting on an unrealized loss of around 13%.

According to Trump’s financial disclosure documents, his portfolio manager purchased SpaceX stock worth between $15,001 and $50,000 on June 23, shortly after SpaceX went public. The transaction was among more than 1,000 trades made by Trump’s portfolio in June, the documents show. White House spokesperson Davis Ingle responded that the third-party firm managing Trump’s portfolio primarily tracks well-known indices including the Schwab 1000, and neither Trump nor his family can direct, influence, or participate in the portfolio’s trading decisions. The disclosure shows the stock was bought at around $156.11, while SpaceX closed at $135 on Monday, matching its IPO price, meaning the investment is currently sitting on an unrealized loss of roughly 13.5%. Given that SpaceX is a U.S. government contractor and Trump recently called for an increase in U.S. commercial space launches, Democratic lawmakers have raised questions about the transaction and Trump’s investment management arrangements. Senator Elizabeth Warren and Representative Robert Garcia previously sent a letter to Trump, demanding he disclose the third-party firm managing his investments and the rationale for the trades, and questioning whether his numerous stock transactions during his term could create conflicts of interest with his government duties.

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Iranian state media allegedly threatened Donald Trump Jr., prompting the US Secret Service to launch an investigation.

According to a report by The Associated Press, the U.S. Secret Service has confirmed it is aware of a video aired by Iranian state media that appears to threaten the life of Barron Trump, the youngest son of U.S. President Donald Trump. Secret Service spokesperson Nate Herring stated that the agency is aware of the video and will investigate any potential threats to protected individuals, but will not disclose specific protective details due to operational security concerns. The report notes that since the U.S. killing of Iranian Supreme Leader Ali Khamenei and the outbreak of hostilities with Iran, Iranian media has repeatedly spread threatening content targeting Trump and his family. CNN previously reported that the U.S. Secret Service had already obtained information about threats directed at Barron Trump.

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LayerZero to Launch Institutional-Grade On-Chain Trading Platform ATLAS

LayerZero will launch the blockchain trading platform ATLAS in fall 2026, targeting primarily financial institutions with no consumer-facing applications. Built on the Zero blockchain that LayerZero announced in February this year, ATLAS will initially support spot crypto assets and perpetual contracts, with plans to later expand to prediction contracts, futures, and options. Citadel Securities, DTCC, and NYSE parent ICE are all Zero partners. LayerZero stated that top global market makers will provide liquidity on ATLAS’ launch day.

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