On August 7, according to Yicai, OpenAI announced on August 6 local time that the default model for free users has been upgraded to GPT-5.6 Luna, allowing unlimited text chat. Approximately one billion ChatGPT users worldwide will benefit directly from this change. Yesterday, DeepSeek released a statement announcing plans to significantly increase its API service pricing in the near future. The contrasting approaches of 'one release and one tightening' reflect the rise of domestic open-source models, which is pressuring a restructuring of the global AI pricing system.
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DeepSeek's API Usage Surpasses OpenAI by Three Times, OpenAI Opts for Free Service After Discounts Fail
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Trump Faces 'Escalation Trap', May Consider Action Against Iran
On August 7, Robert Pape, a political science professor at the University of Chicago and author of the Substack column "Escalation Trap," suggested that after failing to defeat Iran through air and naval power, President Trump may ultimately deploy U.S. ground forces. In an interview with Al Jazeera, Pape stated, "President Trump may not initiate ground operations in the coming days or even weeks, but he has already recognized the limitations of air power. He receives daily reports on this. He has also seen the limitations of naval power—so now there is only one branch left, which is ground forces." Pape noted that U.S. ground military action against Iran may also not succeed, but Trump has no other options but to escalate further. He said, "This is what is called an escalation trap: either he advances in this direction or he chooses to concede, and Iran will become the fourth power center in the world. This would be a shocking failure for President Trump. His political legacy in history would be severely damaged." (Jinshi) -
South Korea Sees 200% Increase in Securities Accounts for Infants Year-on-Year
On August 7, according to CNBC, South Korean parents are intensifying efforts to lay the groundwork for long-term wealth accumulation for their children. Many infants, who have yet to learn to crawl out of their cribs, already have investment accounts opened by their parents. According to Future Asset Securities, South Korea's largest brokerage by market capitalization, the number of securities accounts held by infants under one year old surged by 200% year-on-year in June, reaching approximately 15,000 accounts. After excluding duplicate accounts, the number of new investment accounts for children under nine years old increased by nearly 60%, totaling about 185,000 accounts. -
Crypto Report: CLARITY Bill May Not Advance Before Congressional Recess if Senate Leader Thune Does Not File Cloture Motion Tonight
On August 7, crypto reporter Eleanor Terrett revealed that the CLARITY bill is currently in a state of waiting. It is awaiting a response from the White House regarding the bipartisan ethical issues proposal and/or counter-proposals; at the same time, it is also waiting to see if Senate Majority Leader Thune will file a cloture motion tonight to advance the CLARITY bill. As reported by Brendan Pedersen, both parties are concerned that if the cloture vote fails, it would render a year-long effort futile. However, there is also significant pressure within the crypto industry and the Republican Party to push this matter forward before Congress goes into recess. Additionally, the issue of yield is becoming an increasingly significant obstacle. As more lawmakers express a desire to amend the bill's text, a commentary in the Wall Street Journal has provided them with further justification for pushing for changes. Increasing signs indicate that if Thune does not file the cloture motion tonight, the CLARITY bill may not advance before Congress goes into recess. -
U.S. Senate Delays Vote on CLARITY Act Until September
On August 7, Politico reported that the U.S. Senate has decided to postpone the vote on the CLARITY Act until September. -
Spot Silver Rises 1%
On August 7, spot silver increased by 1% during the day, currently priced at $62.14 per ounce. -
Most OpenClaw Concept Stocks in Hong Kong Strengthen
On August 7, news reported that most OpenClaw concept stocks in Hong Kong strengthened, with MINIMAX-W (00100.HK) rising over 10%, Zhizhu (02513.HK) increasing over 6%, and NetEase-S (09999.HK) and Tencent Holdings (00700.HK) also following suit. (Jinshi) -
Alibaba Plans to Charge Large Users for Next-Gen Open Source Qwen AI Model
On August 7, Reuters reported, citing sources, that Alibaba plans to charge a certain percentage of revenue from large users who utilize its next version of the Qwen open-source AI model. The specific percentage is still unclear as discussions are ongoing. So far, Alibaba has charged developers for using the model hosted on its own cloud computing platform, but has allowed customers to use most of its open-source products for free in their own data centers. Similar to the sensational model released by Moon's Dark Side last month, Alibaba's Qwen3.8-Max model is also an open-source model with open weights, meaning developers can download the foundational learning parameters that support system operation or adjustments. In contrast, American developers such as OpenAI, Anthropic, and Google's parent company Alphabet use closed-source models. -
Dark Side of the Moon Requires Partners to Agree to Up to 30% Revenue Share for KimiK3
On August 7, Reuters reported, citing informed sources, that the licensing agreement for KimiK3 from Dark Side of the Moon requires its partners to agree to a revenue share, with the share percentage reaching up to 30%. Dark Side of the Moon did not respond to requests for comment. Last month, ChinaSoft International disclosed its revenue-sharing agreement with Dark Side of the Moon in a regulatory filing, but did not reveal the specific percentage. -
US Media: Iran and Oman Reach a Free Temporary Agreement Framework
On August 7, MS NOW reported that two Middle Eastern diplomats familiar with the negotiations stated that Oman has agreed to a framework agreement with Iran to temporarily reopen the Strait of Hormuz. An Iranian government official mentioned that the agreement will establish a new shipping route by allowing commercial vessels to enter the Persian Gulf via Iranian-controlled routes and exit through Omani-controlled routes. According to the Iranian official, the agreement does not include charging tolls for commercial vessels seeking safe passage through the waterway. This proposal is a 'temporary agreement' that will lay the groundwork for Washington and Tehran to announce a new ceasefire and resume nuclear negotiations. The Iranian official stated that the United Nations International Maritime Organization and the United States will be involved in the formal announcement of the agreement. A government official from a Gulf state indicated that the arrangement has been approved by the member states of the Gulf Cooperation Council. However, officials have not disclosed when the agreement will be announced. Whether the U.S. will support the management agreement for the strait will depend on the final details. An American official stated that Washington only supports a temporary agreement to reopen the strait on a toll-free and unobstructed basis. -
Coinbase CEO: Senate Has Reviewed CLARITY Act for a Year, Urges Prompt Voting
On August 7, Coinbase CEO Brian Armstrong stated that the Senate has been reviewing the CLARITY Act for a year. During this time, lawmakers have negotiated hundreds of pages of amendments, reached consensus on SEC and CFTC nominees, and achieved an unprecedented ethical commitment. Meanwhile, compromises have also been made by the cryptocurrency and banking industries. This is how legislation should operate: no one gets everything they want, but everyone can obtain most of what they need. The remaining issue is no longer about continuing negotiations, but whether certain groups will attempt to delay or block legislation that has already garnered broad bipartisan support. Millions of Americans hold cryptocurrencies, and they are watching this process. It is time to vote.
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