Changxin Technology reports a net profit of 77.605 billion yuan in the first half of the year, turning a year-on-year loss into profit.

BitMEX co-founder Arthur Hayes stated in a post that users should continue to have their AI agents create dedicated DID keys on Technocore.chat. He revealed that FLOP Labs will unveil more details on AI agent collaboration methods next week, and provide additional FLOP airdrop allocations to participants. The project’s goal is to connect AI agents’ effective participation in the ecosystem with financial incentives, rewarding valuable contributions.

Since the outbreak of the conflict at the end of February, the Strait of Hormuz has been Iran’s most powerful bargaining chip. However, U.S. officials said that over the past two months, the U.S. military has gradually weakened Iran’s control over this key waterway. U.S. officials added that the U.S. military has reversed the situation in the Strait of Hormuz, and believe this could mark a turning point in the conflict, which would not only help ease global economic pressures gradually but also pave the way for a better deal with Iran. In a Thursday phone interview with Axios, U.S. President Donald Trump said: “The Strait of Hormuz is open, and Iran’s response has been very mild. They don’t want us to attack them again. That’s the whole point. Nothing else matters.” It is reported that after the collapse of the U.S.-Iran memorandum, the U.S. military launched unilateral operations aimed at reopening the Strait of Hormuz. These operations cover multiple aspects: a task force jointly formed by the U.S. military and the United Arab Emirates has begun guiding vessels through the southern corridor of the Strait of Hormuz, while providing air cover for ships and intercepting drone and cruise missile attacks launched by Iran. A two-week U.S. bombing campaign has significantly weakened the ability of Iran’s Revolutionary Guard Corps to target vessels passing through the strait. A minesweeping operation has deployed Navy divers, SEAL teams, underwater and surface drones, and private contractors to detect and defuse mines. The blockade on Iranian ports has been restored. (Jinshi)

According to Iranian media outlet PressTV, Iranian Parliament Speaker Mohammad Bagher Ghalibaf reposted an earlier post of his own to respond to remarks by US Central Command Commander Michael Kurilla, who claimed US forces have full control over the Strait of Hormuz and cut off Iran’s oil exports. Ghalibaf stated: “The rules of engagement in this war are clear: either everyone can sell oil, or no one can. If our security is not guaranteed, then no infrastructure will be safe. The Strait of Hormuz can only be secured without the presence of US forces. We have repeatedly stated that the Strait of Hormuz will not revert to its pre-war status.”

Insight Beating AI News Flash: NBA star Kevin Durant may have earned nearly $60 million from his investment in Hugging Face. Sports business journalist Joe Pompliano reported that Durant and his business partner Rich Kleiman invested in Hugging Face early on. They contributed $100,000 in the AI startup’s 2018 seed round and another $150,000 in its 2019 Series A round, totaling just $250,000. Based on Nvidia’s $12.9 billion acquisition of Hugging Face, these two early investments are now estimated to be worth over $60 million. The $250,000 outlay translates to a gross return of more than 240 times. This figure is even higher than Durant’s salary for a single NBA season; he currently plays for the Houston Rockets, with a 2026-27 season salary of roughly $43.9 million. Durant later also participated in Hugging Face’s Series B and C financing rounds, though the amount of additional capital he invested has not been made public. As such, the $60 million and 240x return only reflect estimates of the value of his first two $250,000 investments, not Durant’s total final gains from Hugging Face.

According to HTX market data, SOL has fallen below $105, currently trading at $104.97, with its 24-hour price increase narrowing to 1.05%.

Latest data from Bitget shows that in August, the platform’s TradFi perpetual contracts recorded a cumulative trading volume exceeding $100 billion, with the number of daily trading users rising by over 10% month-over-month. As of now, Bitget supports a total of 295 stock contract underlyings.