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August Cryptocurrency Exchange Rankings: Spot Trading Volume Surges More Than 18% Month-on-Month, Active Existing Positions Drive a Rebound in Trading Activity.

47 minutes ago

August 2026 witnessed a notable recovery in cryptocurrency market trading activity, with core data as follows: Spot-led growth: Spot trading volume on major centralized exchanges (CEXs) rose 18.64% month-over-month, while perpetual contract volume increased 10.89%. The significantly higher spot growth indicates the market rebound is primarily driven by spot buying demand. Traffic-trading divergence: Major CEXs saw a 0.26% slight drop in website visits in August, and app downloads fell 5.61%. Against the backdrop of slowing new user traffic, trading volume rose against the trend, signaling this round of growth mainly comes from increased trading frequency and conversion efficiency among existing users. Perp DEXs also rebounded: Major perpetual decentralized exchanges (Perp DEXs) recorded an 8.98% month-over-month rise in August trading volume, with overall web traffic remaining stable. CEX rankings & performance: Volume leaderboard: Binance remains the industry leader with $233 billion in spot volume and $1.606 trillion in contract volume. OKX (spot: $46 billion / contracts: $634 billion) and Bybit (spot: $46 billion / contracts: $365 billion) rank second and third respectively. Rank changes: Coinbase’s spot ranking climbed 2 spots to 7th; Kraken rose 1 spot to 9th. User traffic leaderboard: Binance (2.532 million downloads, 34.19 million web visits) and OKX (550,000 downloads, 25.62 million web visits) retain the top two positions. Perp DEX highlights: Hyperliquid leads the decentralized perpetual contract market with $207 billion in contract trading volume. EdgeX’s trading volume surged 70.60% month-over-month; ApeX, Lighter, and Aster all posted notable growth of 17% to 22%.

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SGX opens Bitcoin and Ethereum perpetual futures to U.S. institutions, unlocking Asian crypto liquidity.

Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10, allowing U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures. KC Lam, head of crypto derivatives at SGX, stated that the move connects U.S. traditional financial institutions with Asian liquidity pools, marking another milestone for crypto derivatives’ integration into the regulated traditional financial system. SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025. As of August this year, their cumulative trading volume reached $5.8 billion, with around 400,000 lots, an average daily trading volume of roughly 1,300 lots, and a nominal value of $19 million. Bitcoin accounts for 66% of total open interest and 83% of average daily trading volume. SGX noted that the onboarding and access process for U.S. clients typically takes 2 to 4 weeks, and it expects to start serving U.S. customers in the next 1 to 2 months. Unlike crypto-native exchanges, SGX adopts traditional margin call and additional collateral mechanisms, with clearing members serving as an intermediate risk buffer, and does not accept stablecoins as collateral. SGX’s next plans include launching fixed-term futures and options for Bitcoin and Ethereum, and gradually expanding to other mainstream crypto assets.

4 minutes ago

OpenAI embroiled in another math research controversy: Accused of possibly "stealing" a major mathematical proof

Beating AI Express News: OpenAI’s Astra Math Breakthrough Faces New Controversy Mathematician Andreas Thom recently published a paper questioning that OpenAI may have incorporated content from his research discussions with mathematician Gábor Kun on the Gromov Soficity Conjecture during Astra’s training, after which Astra solved a highly related problem. The Gromov Soficity Conjecture is a long-unresolved key problem in group theory, and Thom has been studying it for 20 years. When OpenAI announced Astra’s “Top 10 Math Breakthroughs” in August this year, the third entry was the construction of a non-sofic group. OpenAI previously claimed the achievement was completed by its internal version of Astra, but after facing doubts from the mathematics community, it revised its statement to admit the proof relies on recent mathematical work including research by Kun and Thom. No evidence has yet proven that OpenAI actually used the relevant private discussions to train Astra, but Thom’s accusation has once again brought to the forefront issues such as the source of AI training data, ownership of unpublished research results, and whether “AI discoveries” are built on human unpublicized achievements. If the relevant accusations are ultimately confirmed, the incident will no longer be just an academic authorship dispute, but may evolve into a major controversy involving AI company data usage, research ethics, and intellectual property rights.

4 minutes ago

China and the U.S. are currently in consultations on a framework for reciprocal tariff cuts totaling $30 billion.

According to Xinhua News Agency, at the regular press conference held by China’s Ministry of Commerce on the 10th, ministry spokesperson Huang Ling stated in response to relevant questions that the economic and trade teams of China and the US are earnestly implementing the consensus reached during the Beijing meeting between the two heads of state, and are currently negotiating the framework arrangement for reciprocal tariff reductions of 30 billion US dollars, striving to put it into practice as soon as possible.

4 minutes ago

Goldman Sachs: Apple's foldable iPhone could ship up to 35 million units this year.

Apple (AAPL.O) Unveils First Foldable iPhone Goldman Sachs notes that the device’s pricing strategy and product design both exceed expectations, with potential to unlock the mass market and deliver significant benefits to the supply chain. The investment bank maintains its shipment forecast for the foldable iPhone: 14 million units in the base case for 2026, and 35 million units in the optimistic scenario. The iPhone Duo features a 7.6-inch internal display when unfolded, the largest ever for an iPhone; when folded, it uses a 5.4-inch external screen with an area equivalent to 90% of the iPhone 18 Pro’s. Both screens support ProMotion, Always-On Display, and up to 3000 nits of outdoor brightness. The device adopts a dual-battery architecture, supporting up to 44 hours of video playback when using the external screen. The iPhone Duo is available in Star White and Night Sky color options, with storage variants of 256GB, 512GB, 1TB, and 2TB. It starts at $1999 in the U.S., with pre-orders opening on October 16 and official launch on October 23, rolling out first in over 70 countries and regions including China. Chinese domestic prices for the new iPhone series: iPhone 18 Pro starts at RMB 9999, iPhone 18 Pro Max at RMB 10999, and iPhone Duo at RMB 15999.

4 minutes ago

Hangzhou offers AI subsidies to programmers: 51% discount on Zhipu Coding annual subscriptions.

Beating AI News Flash: Hangzhou has launched the "Citywide Coding Plan" to subsidize Zhipu AI’s GLM Coding Plan, targeting Hangzhou-based workers, local college students, and enterprises in Shangcheng District. For individuals, quarterly cards receive a 44% total subsidy, while annual cards get a 51% subsidy—equivalent to a 4.9 discount on annual cards. For example, the Pro version’s annual card, originally priced at 6,456 yuan, costs 3,163.44 yuan after subsidy; the Lite version drops from 1,416 yuan to 693.84 yuan. Each person is eligible for only one subsidy, choosing either a quarterly or annual card, and subsidies will be available until the total fund is exhausted. Workers need to submit Hangzhou social security certificates, while students must provide Hangzhou college enrollment records. Enterprise subsidies are more generous, but only for Shangcheng District-based enterprises. Team version annual cards get a 55% total subsidy, with a maximum subsidy of 1 million yuan per enterprise in principle; enterprises that have already purchased team packages can also apply for subsidies for new seats. Unlike regular vendor promotions, the official explicitly states the funding comes from "government subsidies, enterprise concessions, and market participation". This move marks a shift as local governments start subsidizing AI coding tools as developer productivity infrastructure.

4 minutes ago

Zamanat plans to launch a $100 million tokenized private credit fund, targeting the $250 billion financing gap in the Gulf region.

Zamanat announced it is sponsoring Zamanat Fund CEIC Limited, a tokenized private credit fund registered at the Dubai International Financial Centre (DIFC). The fund has a target size of up to $100 million, focusing on private credit in the Gulf Cooperation Council (GCC) region, with the goal of filling the estimated $250 billion small and medium-sized enterprise (SME) financing gap in the area. Regulated by the Dubai Financial Services Authority (DFSA), this closed-end exempt fund is positioned as a credit fund, managed by Truleum Venture Partners, with fund administration services handled by Apex Group. Fund units will be issued as ZM1 investment tokens on ZIGChain, and offered to eligible professional investors in a regulated, whitelisted environment. Zamanat noted that only around 11% of SMEs in the GCC have access to credit, and the fund will provide capital to fundamentally sound companies underserved by traditional financing channels. The firm added that this fund marks its first successful implementation of bringing GCC private credit into a regulated digital structure. Key clarifications: The fund is not an Islamic fund nor is it marketed as Sharia-compliant; "digital Islamic assets" are part of Zamanat’s broader business strategy. ZM1 tokens are only available to investors meeting DFSA professional client requirements and do not constitute a public securities offering.

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