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Cerebras Systems Shares Drop 17.3% in Pre-Market Trading

On August 13, according to BIT (Bit.com) market data, shares of artificial intelligence chip manufacturer Cerebras Systems fell 17.3% in pre-market trading on U.S. stock exchanges, as second-quarter revenue fell short of expectations.

Hong Kong Stocks Close: Hang Seng Index Down 0.17%, Tech Index Up 0.33%

On August 13, Hong Kong stocks closed with the Hang Seng Index down 0.17% and the Tech Index up 0.33%. Tencent Holdings (00700.HK) fell 4.46% after its earnings report. Lenovo Group rose 20.179%, Zhizhu increased by 9.023%, and MINIMAX-W gained 5.988%.

Spot Gold Drops Over 1% Today, Currently at $4364.24

On August 13, according to market data from Bitget, spot gold has dropped over 1% today, currently priced at $4364.24 per ounce.

Changxin Technology Surpasses Tencent to Become China's Largest Listed Company by Market Value

On August 13, Changxin Technology closed with a market value of 3.54 trillion RMB. As of the close of the Hong Kong stock market, Tencent Holdings (00700.HK) fell by 4.46%, with a market value of 4 trillion HKD, approximately 3.44 trillion RMB. Changxin Technology has surpassed Tencent to become the largest listed company in China by market value. (Jinshi)

Korean Sovereign Wealth Fund KIC Invests in Circle for the First Time, Holds $4.1 Million in Shares as of Q2 2026

On August 13, the Korea Investment Corporation (KIC) made its first investment in stablecoin issuer Circle. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that KIC held 65,443 shares of Circle, valued at approximately $4.099 million (about 5.83 billion Korean won) as of the second quarter of 2026. Previously, KIC's investments in cryptocurrency-related companies included Strategy, Coinbase, Block, Robinhood, and Riot Platforms. In the second quarter of 2026, KIC reduced its holdings in Strategy, Coinbase, and Riot Platforms while increasing its positions in Block and Robinhood, resulting in a total value of related U.S. stock holdings rising from $132 million in the first quarter to $168 million, a 27% increase. Specifically, the value of Strategy's holdings decreased from $10.61 million to $7.17 million, a decline of 32%; Coinbase dropped from $52.99 million to $36.93 million, a decrease of 30%; Block increased from $17.25 million to $27.34 million, a growth of 58%; Robinhood rose from $45.88 million to $87.96 million, a surge of 92%; and Riot grew from $4.95 million to $8.42 million, an increase of 70%.

Major U.S. Tech Stocks Mostly Rise Pre-Market, SK Hynix Falls 0.8%

On August 13, according to BIT (Bit.com) market data, most major U.S. tech stocks rose in pre-market trading. SpaceX increased by 0.4%, while Meta, Amazon, Micron Technology, and Google A rose by 0.2%. Apple gained 0.1%, Tesla and Nvidia remained flat, Microsoft fell by 0.4%, and SK Hynix dropped by 0.8%.

Korean Sovereign Wealth Fund KIC Invests in Circle for the First Time, Holding $4.1 Million in Shares by Q2

On August 13, the Korea Investment Corporation (KIC) made its first investment in stablecoin issuer Circle. Data disclosed by the U.S. Securities and Exchange Commission (SEC) shows that as of the second quarter of 2026, KIC holds 65,443 shares of Circle, with a total value of approximately $409.9 million (about 58.3 billion Korean won).

BTC Miners' Fee Revenue Drops to 0.71%, Hashrate Down 23% from Peak

On August 13, CryptoQuant analyst Axel Adler Jr. pointed out that the proportion of Bitcoin miners' fee revenue has dropped to 0.71%, nearing the historical low of 0.69% recorded in December 2015, when the BTC price was approximately $394. The 7-day moving average of the total network hashrate has decreased by 23% from its peak in October 2025 (around 1,150 EH/s) to 886 EH/s, while the BTC price fell from $124,700 to $63,400 during the same period, a decline of 49%. Since mid-2025, the fee revenue proportion has consistently hovered around or below 1%, indicating weak competition for block space, with miners' income almost entirely reliant on block subsidies. The analyst noted that while the fee revenue proportions in both periods are similar, they cannot be directly compared—block rewards in 2015 were 25 BTC, whereas they are now 3.125 BTC, making historical comparisons limited to revenue structure. The current situation resembles a controlled adjustment within the mining industry rather than a capitulation; a rise in the fee revenue proportion above 1% and a sustained upward trend in hashrate would signal a true change in the environment.

Hyperliquid Founder: Next HLP Upgrade Will Automatically Rebalance Idle USDC to Lending Sub-Strategy

On August 13, in response to the HLP yield approaching zero, Hyperliquid founder Jeff stated on social media that in the next network upgrade, HLP will begin to automatically rebalance underutilized USDC to its lending sub-strategy. Jeff mentioned that the portfolio margin and borrowing/lending operations have reached production scale, having been tested in practice and supporting a considerable Total Value Locked (TVL), with demand continuing to grow. Additionally, the order book liquidity has matured to a certain extent, making HLP's liquidity no longer necessary in large-scale scenarios. Therefore, in the next network upgrade, HLP will start to automatically rebalance underutilized USDC to the lending sub-strategy.

Claude Transforms Chrome Sidebar into Cowork: Start Working on Browser, Continue on Mobile

According to monitoring by Beating, Anthropic has upgraded the sidebar of Claude in Chrome to a complete Claude Cowork session. Now, sessions are directly saved to the account, allowing users to start working in the browser and continue on desktop, web, or mobile. Claude in Chrome can also directly utilize Cowork's skills, plugins, and connectors. It can read web pages, click buttons, input content, and fill out forms. When it comes to local files or requiring Claude to actively operate the computer, a connection to Claude Desktop is still necessary. In July, Anthropic expanded Cowork to web and mobile, and now has integrated the Chrome sidebar into the same cross-device session. Cowork has evolved from an independent desktop agent to a continuous working agent across browsers, computers, and mobile devices. The new sidebar version is currently available to Max and Team users, with Pro being rolled out in the coming weeks. Enterprise users will require admin activation.