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Share link:In this post: OpenAI launched GPT-5 after months of hype, promising major leaps in reasoning, coding, and speed. Early reviews are mixed, with some praising its capabilities and others noting math, spelling, and reasoning errors. Users pushed back over reduced transparency and loss of older models like GPT-4o.
Share link:In this post: Apple will not face the new chip tariffs after pledging $100 billion more in US investments. Smaller chipmakers could still face tariffs of up to 100% if they do not produce in the US. Apple shares rose for three days, and TSMC’s sales jumped on strong demand.
Share link:In this post: South Korea delayed its decision on Google’s request to export its local map data for 60 days. Seoul argues that transferring the data abroad could expose military and sensitive sites. Google says the lack of data limits Google Maps services in Korea and is discussing security measures.
Solana (SOL) has climbed 10% in the past week, buoyed by bullish technical signals. Trading within an ascending parallel channel and supported by a positive Elder-Ray Index, SOL sits just below a key resistance level at $186.52, with the potential to push past $190 if buying momentum persists.
It is expected that the overall ecosystem will continue to mature, and ultimately, using proxies will become the mainstream way of financial participation.
- 2025/08/14 23:47US Treasury Secretary Clarifies Government Cryptocurrency Strategy: No Immediate Increase in Bitcoin Purchases, Reserve Expansion Plan Remains OngoingAccording to a report by Jinse Finance, U.S. Treasury Secretary Besant stated clearly on Fox Business Channel on Thursday local time that the U.S. government will not directly purchase more Bitcoin. However, he later clarified that this does not mean the plan to expand the country's crypto asset reserves has been halted. Since former President Trump signed an executive order in March to establish a strategic Bitcoin reserve, the market has been closely watching for details on its implementation. The reserve is currently based on approximately $20 billion worth of cryptocurrencies seized by the government from criminal activities, and the executive order specifically requires the Department of Commerce and the Treasury to explore “budget-neutral” ways to expand the reserve. Besant’s morning statement on the program that the government “will not purchase” was interpreted by the market as a halt to reserve expansion. However, he later clarified on social media: “The Treasury is committed to exploring budget-neutral ways to increase Bitcoin holdings.” His spokesperson emphasized that the earlier remarks were over-interpreted—the comments made on the program were offhand and not a major policy announcement. (Jin10)
- 2025/08/14 23:32Overview of Key Overnight Developments on August 1521:00-7:00 Keywords: Citigroup, rate cut, BNB Network Company 1. James Wynn: Altcoin season will be delayed; 2. BNB Network Company announces an additional purchase of 88,888 BNB; 3. Citigroup is considering offering stablecoin and crypto ETF custody and payment services; 4. Besant: Not urging the Fed to cut rates, just citing model results; 5. US Treasury Secretary: The US is exploring ways to acquire more Bitcoin in a "budget-neutral" manner; 6. CEO of an exchange: In the past 10 years, BTC has increased 490 times, Ethereum has increased 3,500 times; 7. Fintech and crypto industry executives urge Trump to ban banks from charging data access fees; 8. US Treasury Secretary: The US is building a Bitcoin reserve "as a store of value for the people."
- 2025/08/14 23:08$839 Million in Liquidations Across the Entire Network in the Past 12 HoursAccording to Jinse Finance, data shows that in the past 12 hours, total liquidations across the network reached $839 million, with long positions accounting for $745 million and short positions for $93.41 million.