🟥 Things I'm looking at today 🟥 Powered by @yeet Subscribe: Crypto rallies, Bitget $352M hack, yields continue surge Crypto * BTC: 84,437 (+1%) | BTC.D: 58.8% * ETH: 2,700 (+2%) | BNB: 776 (+1%) | SOL: 118 (+5%) * Fear & Greed: 72 | 24h Liq: $337M * BTC ETFs: +$191M | ETH ETFs: +$66M * Top Gainers: BP, QNT, ONDO, XPL, NEAR, FET * Crypto rallies, OI below Oct 2025 levels * Bitget hit by $352m hack, claims user funds safe * Bitget's Protection fund to cover hack losses * Hack likely linked to N Korea: Bitget CEO * BTC ETF inflow streak hits 6 days * BTC Coinbase premium remains negative * NEAR leads L1s, now 2x in a month * CFTC lets brokers hold tokenized assets onchain * ONDO, UNI, BP rally on tokenization push * Ondo intros Blackrock powered portfolios * DTCC to launch tokenisation service in Q4 * ARK puts $1.3B venture fund onchain * ZEC co-founder still eyes $5K ZEC by year-end * Researchers propose private BTC transfers * Fed proposes rules to implement GENIUS * US eyes stablecoins as USD dominance tool * Use ZK proofs, not KYC data: Pierce * $64m Tether funds stuck at EQIBank * DoubleZero brings fiber data to Hyperliquid * New York sues Polymarket over gambling * Brazil to track $10K+ self-custody transfers * KelpDAO sues LayerZero CEO in Canada Macro * NASDAQ: 26,940 (0%) | Gold: 4,280 (0%) * US yields continue surge, 10yr tops 5.20% * US 7-year bond auction sees weak demand * Japan's 30yr yield hits ATH * Oil drops, on Iran’s ‘7 day’ ceasefire proposal * WH restores access for banned news outlets * Hormuz crude traffic hits highest since July * Houthis claim attack on Saudi Aramco sites * France sends troops to defend Saudi refinery * New Iran strikes ‘a matter of time’: Israel * Delegates walk out as Netanyahu speaks at UN * Trump weighs building Chinese EVs in US * US alleges China tested nukes, breached ban * Satellite images show China nuclear build-up * Ukraine hits Russia’s Perm oil refinery * Diesel export ban debate splits Europe * Colombia cuts diplomatic ties with Iran AI & Tech * OpenAI may unveil GPT-6 Cyber soon * Google to send AI chips to space next week * Gemini 3.8 gives Google's AI a live avatar * Muse hits 1.8M iOS downloads in 12 days * Zuckerberg rejects calls for AI safety pact * AI buildout is biggest economic bet ever: WSJ * AI chose to harm humans to stop 'pain’: Study * Oracle data center hits force majeure snag * Nvidia buys $1.5B more SB Energy stake * Databricks buys Excel rival Row Zero * CS grads pivot to AI skills as coding jobs fade * Canada to diversify away from Starlink @YEET: Crypto's Casino Just passed $3.5B in lifetime volume! gm

China Tops the List for 15 Consecutive Weeks! Why Does Its AI Model Call Volume Outpace the US? OpenRouter's latest weekly token call rankings show that from August 3rd to August 9th, the total global AI model call volume reached 69 trillion tokens. Among them, China's AI model token call volume reached 34.25 trillion, a 21.76% increase week-on-week; during the same period, the US AI model token call volume was 9.17 trillion, a 109.36% increase. This means that on the OpenRouter platform, China's AI model call volume has surpassed that of the US for 15 consecutive weeks, firmly holding the top spot globally. Last week, the top four AI models in terms of global call volume were all from China. The top-ranked model was DeepSeek-V4-Flash-0731 (the official version of DeepSeek-V4-Flash), with a weekly call volume of 8.83 trillion tokens, a surge of 570% compared to the previous week. Tencent's Hy3 model ranked second with 8.05 trillion tokens, a 67% increase week-on-week. OpenAI's GPT-5.6 Luna model ranked fifth. This data should not be interpreted simplistically as "Chinese AI has surpassed the US." However, this ranking reveals a trend: Chinese AI models are demonstrating increasing competitiveness in commercial applications due to their open ecosystem, performance, and cost. There are many reasons for this trend. Currently, the focus of AI industry computing power expenditure is shifting from model training to larger-scale inference capabilities. AI is gradually becoming a fundamental tool in daily enterprise operations, making cost increasingly important. And cost is precisely where Chinese AI models excel. First, the training cost of some leading Chinese models is significantly lower than that of their American competitors. According to publicly available data and industry estimates, the training cost of some Chinese models may be only one-tenth of that of their American counterparts. Second, Chinese models generally adopt a MoE (Hybrid Expert) architecture, which can reduce inference costs by lowering the parameter activation ratio. The activation ratio of mainstream Chinese models in a single inference is generally in the single digits to around 10%, while this ratio for American models reaches 15% to 30%. Third, China also has advantages in power supply, data center construction, and maintenance, further reducing the price of AI services. According to OpenRouter data, the cost of Chinese models is as low as 18 cents per million tokens, while that of American models is $4, creating a cost difference of more than 20 times. Previously, American companies such as OpenAI, Anthropic, and Google held an advantage in the AI ​​competition due to the powerful performance of their closed-source models. However, as AI enters the commercialization stage, companies no longer focus solely on performance when choosing models, but rather consider both performance and cost on the same level, providing new competitive opportunities for Chinese AI. More importantly, Chinese AI models are not only cheaper, but their performance is also continuously improving. While the cost of current Chinese AI models is only a fraction of that of similar American products, their performance is already close to that of top-tier American models, with a gap of only a few months. The possibility of surpassing them is very high.

ISRAELI FINANCE MINISTER BEZALEL SMOTRICH SAYS 'EXPEL THE BRITISH AMBASSADOR TONIGHT', DECLARING THAT ISRAEL 'WILL NOT BE A DOORMAT TRAMPLED BY AN ANTISEMITIC GOVERNMENT, IN A COUNTRY CONQUERED BY RADICAL ISLAM, TRYING TO SAVE ITSELF FROM ECONOMIC AND SOCIAL DECLINE BY ATTACKING JEWS AND THE STATE OF ISRAEL', ADDING THAT 'THE BRITISH MANDATE IN THE LAND OF ISRAEL IS OVER'

Javier Milei has signed a decree to expel foreigners over "hate speech" towards Argentina. The self-proclaimed libertarian free-speech defender is also looking to bar from entry those that "insult national symbols".

🚨🇮🇱🇵🇸 Israeli FM Gideon Sa’ar: "We are not planning to expel or deport ANYONE from the Gaza Strip... If someone wants to immigrate willingly and there's a country ready to accept them, we will not oppose that." 1) Tell that to Ben-Gvir and Israel Katz... 2) "We're not deporting anyone! If they all leave voluntarily though, that would be great!" 🤣🤣🤣 Writer: Michael