Kexuan Power (00476) said it will place 99 million new shares to four subscribers at HK$0.66 each, raising gross proceeds of about HK$65.3 million and net proceeds of about HK$65.1 million, according to ETNet. The placement price represents a 4.8% premium to the previous trading day's close. The new shares will account for about 21.8% of the enlarged share capital. Subscriber D is controlled 60% by Ho Siu-wing, who was recently moved from independent non-executive director to non-executive director, making the deal a connected transaction that requires approval from independent shareholders. After completion, Sing Chuang Investment will remain the controlling shareholder. Kexuan Power said HK$32 million of the proceeds will be used to seek strategic development opportunities and expand its electric commercial solutions business, HK$22 million will go toward repaying financial liabilities, and HK$11.1 million will be used as general working capital. The company also announced Ho Siu-wing's re-designation from independent non-executive director to non-executive director.

Hong Kong Financial Secretary Paul Chan said the successful tender for an 11-hectare site development project in Hung Shui Kiu marks a breakthrough in the city’s new public-private partnership model, according to ETNet. The project was awarded to a consortium of six groups from different industries, including local developers, mainland state-owned enterprises and a large e-commerce technology company. The scheme carries total investment of about HK$16.8 billion and is expected to create more than 6,000 jobs across construction, logistics operations and commercial management. Chan said the “two-envelope” tender approach was not based on price alone, but also on bidders’ long-term contribution to industrial development and the wider economy. He added that the model helps mobilise private-sector resources, speed up works and reduce the government’s cash outlay. Chan also cited bank research estimating that the Northern Metropolis could generate 500,000 new jobs and contribute at least 13% to Hong Kong’s GDP, with technology-related activities accounting for about four percentage points. To channel financial-market resources, the HKMA and the Hong Kong Association of Banks formed a Northern Metropolis financial advisory task force in April, with 23 banks that have experience in financing large projects. The group has held two meetings to discuss syndicated loans, bond issuance and tailored infrastructure financing. On bond financing, the government issued green bonds and infrastructure bonds equivalent to HK$27.6 billion in May, drawing nearly HK$240 billion in subscriptions and oversubscribed by about 8.6 times. The bonds attracted investors from more than 30 markets across Asia, Europe, the Middle East and the Americas. Chan said Hong Kong dollar bonds issued from the start of the year to mid-August exceeded HK$670 billion, up nearly 80% from a year earlier and already above last year’s full-year total.

The Hong Kong stock exchange published a list of suspended listed companies and their suspension dates, according to ETNet. The list includes 02496 Yau's Bio-B, 01124 Coastal Greenland, 01831 Tenfu Holdings, 00626 Public Financial Holdings, 00318 Yellow River Industrial, 08118 China International Holdings, 00754 Hopson Development, 02627 Sino Biopharmaceutical-B, 02629 MIRXES-B, 02898 Shenghe Resources-B, 00708 Evergrande Auto and 01863 China Longyuan Group, among others.

U.S. stocks fell, while Hong Kong ADRs slipped 9 points, or 0.04%, to 25,575, according to Ming Pao. Hong Kong night futures fell 42 points, or 0.17%, to 25,472, leaving them 113 points below the cash market.

SemiAnalysis said in its latest podcast that SK Hynix and Micron have faced challenges in reaching the highest HBM4 speeds, and SK Hynix had to redesign its base chip, delaying HBM4 deliveries to NVIDIA's Rubin platform. According to ChainCatcher, Samsung currently has the best HBM4 technology, while Broadcom has traditionally relied heavily on Samsung for HBM supply. Samsung's weaker performance in the HBM3E generation had been a disadvantage for Broadcom's ASIC business, but its current HBM4 lead over rivals has turned that same supply-chain relationship into an advantage for Jalapeño.

According to Jin10, the U.S. military said it took limited, precise action against an Iranian Revolutionary Guard Corps mining unit that posed an imminent threat in the Strait of Hormuz.

According to Jin10, domestic futures main contracts mostly rose at the open, with SC crude up more than 4%; liquefied petroleum gas (LPG), palladium, polyvinyl chloride (PVC), and coking coal gained more than 3%; lithium carbonate, glass, low-sulfur fuel oil (LSFO), alumina, and soda ash rose more than 2%. On the downside, Shanghai silver fell more than 3%, Shanghai gold dropped more than 2%, the European shipping line contract fell nearly 2%, and Shanghai tin, Shanghai nickel, and polysilicon declined more than 1%.

According to Jin10, Australia's TD-MI inflation index rose 0.5% month on month in August, compared with 1.00% previously.

According to Jin10, Australia's TD-MI inflation index rose 4.8% year on year in August, compared with 4.00% previously.

a16z announced that it has raised $1.1 billion for its newly established AI Hardware Machine Age Fund.

The U.S. military launched a nighttime attack on a rocket launcher belonging to the Iranian Revolutionary Guard on Larak Island, claiming it was preparing to lay mines. This marks the first time the U.S. has publicly acknowledged military action against Iran since the end of July. Iran vowed retaliation and stated it had launched missiles at U.S. bases.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse at 8 AM," issue 3167, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, mining information, project updates, technological advancements, and other industry dynamics.

Every few years, a new technology brings to the forefront questions that economics alone cannot answer: What if a machine can do your job better, cheaper, and without rest? And who owns the output created by these machines?

According to Krugman, Warsh's remarks were more hawkish than before, completely abandoning the alternative inflation measures he had tentatively proposed earlier, and sending no signal to any market participants expecting interest rate cuts.

Historically, the "rule of 25" suggests that economic collapses rarely occur before technology spending reaches 25% of economic output. Currently, AI investment is far from reaching this threshold, and this boom is likely to last much longer than anticipated.

Bitcoin saw gains of up to 100 times in its early cycles, but returns have narrowed significantly in recent cycles. If this trend continues, Bitcoin will eventually resemble a mature asset, and its returns will gradually normalize.

顶尖风投a16z认为，在需求呈现指数级增长、核心组件订单已排至数年后的背景下，传统的计算堆栈已被推至物理极限，一场围绕AI时代的基础设施重构正在全面开启。

For Robinhood, the real opportunity may not lie in building a blockchain, but in bringing tens of millions of users into on-chain finance.