Centec Communications (688702) said on Sept. 1 that it plans to issue up to 41 million A shares to no more than 35 specific investors and raise up to RMB 4.805 billion, according to ETNet. Net proceeds, after issuance costs, will be used for next-generation high-performance switching chip research and industrialisation, next-generation interconnect software, hardware and protocol research, and working capital. The company said the offering is aimed at improving its high-bandwidth, high-performance switching chip product matrix and building full-scenario computing service capabilities. Centec also said it plans to pursue systematic technology development across software, hardware and protocols to build its next-generation high-performance network architecture and an independent technology ecosystem. The stock fell 2.74% to 359.1 yuan.

GMI Cloud, an Nvidia Corp. partner, secured commitments for more than twice the amount it was seeking for a loan backed by sales of computing power from advanced chips, according to Bloomberg. The deal is one of the first of its kind in Asia.

Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates, according to Andy Ross, the company’s head of institutional business. According to Foresight News, the filing was made on Monday and had not appeared in the U.S. Commodity Futures Trading Commission’s public records system by Tuesday afternoon. The CFTC approved Kalshi’s bitcoin perpetual contracts in May, after which the platform introduced ETH and XRP perpetual contracts. Kalshi has since expanded perpetual contracts beyond crypto, filing applications in July for gold, silver and platinum perpetual contracts, and on August 18 for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi wants to bring stocks, commodities, crypto, fixed income and interest rates into a single trading interface. The platform’s market count has risen from about 4,000 to around 10,000, with activity spreading beyond a few popular markets.

Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates, according to Andy Ross, who heads the company’s institutional business. According to Odaily, the filing was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission’s public records system by Tuesday afternoon. The CFTC approved Kalshi to list Bitcoin perpetual contracts in May, after which the platform introduced ETH and XRP perpetual contracts. Kalshi later expanded perpetual contracts beyond crypto, filing applications in July for gold, silver and platinum contracts, and on August 18 for U.S. large-cap stock index and copper contracts. Ross said Kalshi wants to bring stocks, commodities, cryptocurrencies, fixed income and interest rates into a single trading interface. He added that the platform’s market count has risen from about 4,000 to roughly 10,000, with activity spreading from a few popular markets to a broader range of markets.

Zhipu, a domestic large-model developer, has opened an official flagship store on Tmall and is selling products including Coding Plan packages on September 2. According to ChainCatcher, the store currently offers personal Lite, Pro, and Max subscription tiers that can be purchased monthly, quarterly, or annually. Token purchases may also be completed on the e-commerce platform in the future.

Fashion retailer SHEIN has launched on Solana through xStocksFi, according to a post from Solana. According to Foresight News, SHEIN listed on the Hong Kong Stock Exchange on the same day and was tokenized on-chain by xStocks, with the tokenized product SHEINx now trading.

Dr. Sun Pengbo, a former reinforcement learning expert at ByteDance and former head of Tencent Robotics X's agent center, has officially joined Stardust Intelligence, where he will focus on robot reinforcement learning research and application development, according to Jiemian News.

According to Jin10, U.S. Energy Secretary Wright said after arriving in Venezuela on Tuesday that related agreements to be signed in Caracas on Wednesday by U.S. and other countries' oil companies will push Venezuelan crude output to more than double in the coming years. He said the investments covered by these agreements will significantly increase the amount of oil available for supply and put downward pressure on oil prices. Wright also said the biggest bottleneck for gasoline and diesel prices is refining capacity, and that U.S. gasoline prices are expected to fall in the coming weeks thanks to the Trump administration's easing of refinery regulations.

UBS upgraded Leapmotor (09863) to Buy from Neutral and kept its target price at HK$50, according to ETNet. The broker said Leapmotor shares fell 15% in the six trading days after its interim results, leaving the market already pricing in concerns over lower 2026 earnings expectations and industry-wide margin pressure. UBS said the selloff has made the risk-reward profile more attractive, with downside largely reflected and several potential catalysts ahead, including faster sales momentum, a new technology launch in September, and greater visibility on a second brand and strategic partnerships. UBS noted that management cut its 2026 full-year profit guidance to RMB3 billion from RMB5 billion at the interim results briefing because of rising raw material costs, which triggered the sharp share-price decline. The company expects raw material costs to stabilise gradually in the second half and gross margin to recover to 13% to 14% in later quarters. UBS lowered its 2026 vehicle gross margin forecast by 1.1 percentage points to 10.9% and cut its 2026 net profit estimate by 14% to RMB3 billion, while expecting scale benefits, steadier lithium prices and ongoing cost optimisation to support a margin rebound from the second half. UBS raised its 2026 sales forecast to 1 million vehicles from 900,000 and lifted its 2027 to 2028 sales forecasts by 22% to 25%. It said Leapmotor's August sales rose above 100,000 units for a second straight month, driven mainly by the A-series models and faster overseas deliveries. The company also raised its 2026 export target to 200,000 vehicles from 150,000 and set a 2027 export target of 350,000 to 400,000 vehicles. UBS said Leapmotor's monthly sales are more than twice those of Xpeng (09868), while quarterly revenue is about 40% higher and vehicle gross margin is 10% to 12%, similar to peers. Even so, its market value is only about 60% of Xpeng's, despite already being profitable.

Systemic Risks and a Four-Layer Defense System for Artificial Intelligence, AI Agents, and AI Programming (Jinse Finance), Taming the Illusions in AI Programming: From Engineering Governance to System Determinism.

Perpetual Contracts, DeFi, Options, Perp DEX, Cryptocurrency, Crypto Options: Is Now the Window of Opportunity? Jinse Finance: What are the real changes right now? Is this truly a turning point for crypto options?

Prediction markets are no longer the domain of just two companies; crypto exchanges and on-chain protocols are all vying for a piece of the action.

By voluntarily giving up the freedom to sell cryptocurrency, they gained the freedom not to be forced to sell it.

US households have historically high equity allocations, and stock valuations have already priced in extremely high growth expectations. After the bear market clears out, crypto assets are expected to offer differentiated investment opportunities, and the current market presents a good entry window.

According to sources close to the Federal Reserve, the energy crisis, initially seen as a short-term shock, continues unabated, making the Fed's September meeting increasingly challenging. The 10-year Treasury yield has surged to its highest level since Trump's presidency: an endless war is pushing the Fed into a corner.

The US launched another attack on Iran, prompting a retaliatory strike and marking the second clash between the two countries in three days. Trump warned that if Iran continued its retaliation, it would face a more severe attack, stating that "the final blow is brewing."

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3169, providing you with the latest and fastest news on the digital currency and blockchain industry.

On September 1st, Robinhood Chain, the public blockchain launched by Robinhood in July of this year, saw its daily transaction volume surge to a record high of $1.43 billion. This increase in transaction volume began to be directly reflected in Uniswap's balance sheet.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.