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Cleveland Fed study links Bitcoin’s history of gains to higher crypto buying interest

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The Cleveland Fed released a study titled 'Do You Even Crypto, Bro? Cryptocurrencies in Household Finance' that analyzes several waves of U.S. household surveys, with each round surveying up to about 25,000 households.

The researchers identify a clear gap between cryptocurrency investors and traditional asset investors. They find that expectations for future crypto returns explain ownership more than demographic factors such as age, income, or gender, and that holders anticipate roughly 22% returns over the coming year versus about 7% for non-holders. Holders also tended to rate crypto as less risky than non-holders do.

For every 1 percentage point rise in expected crypto returns, the likelihood of owning crypto rises by about 0.8 percentage points. Across the factors examined, return expectations and risk perceptions were stronger predictors of ownership than age, income, or wealth.

When compared with stocks, bonds, and gold, the study notes that traditional asset allocation is typically more closely tied to an investor's economic background. It also reports a randomized information experiment in which participants who saw Bitcoin's gains over the prior 12 months showed higher willingness to allocate to crypto assets.

In that experiment, the share planning to allocate to crypto rose by about 2 percentage points, and the probability of actually purchasing crypto rose by about 2.5 percentage points.

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AI Trends: Zhiyuan Robots Earn Seven Medals at World Humanoid Robot Games

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Zhiyuan Robots participated in the second World Humanoid Robot Games with models including Genie G2, Lingxi X2, and Expedition A3.

In the completed scenario events, Genie G2 collected two gold medals, three silver medals, and two bronze medals for the team. Odaily reports that Zhiyuan currently leads the event's medal table.

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Saudi Stocks Rise as Qatar Ends Four-Day Slide

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Saudi Arabia's Tadawul All Share Index rose 1.13% to 11,078.68 on Sunday, according to Wallstreetcn. The Qatar Stock Exchange Index advanced 0.06% to 9,688.30, snapping a four-session decline.

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VeriSilicon H1 Revenue Rises 91% as Loss Widens to 612 Million Yuan

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VeriSilicon reported first-half revenue of 1.864 billion yuan, up 91.37% from a year earlier, with net loss attributable to shareholders widening to 612 million yuan, according to Jiemian News.

Adjusted net loss attributable to shareholders was 423 million yuan, while non-GAAP net loss stood at 622 million yuan.

Manufacturing services revenue rose 185.29% to 1.163 billion yuan, representing 62.39% of total revenue, while data-processing revenue jumped 292.17% to 732 million yuan.

Gross margin declined to 31.34% from 43.32%, but gross profit climbed 38.44% to 584 million yuan. R&D spending rose 47.06% to 941 million yuan, equal to 50.49% of revenue.

New orders signed from January 1 to August 17 totaled 15.142 billion yuan, up to 254% of full-year 2025 new orders, with AI computing-related orders accounting for 90% of the total.

Operating cash flow turned positive at 626 million yuan from a 365 million yuan outflow a year earlier. Contract liabilities rose to 3.157 billion yuan from 1.258 billion yuan, and the company noted that 109 mass-produced chips contributed revenue while 59 design projects were awaiting mass production.

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Houthis’ Red Sea Threats Drive Saudi Oil Shipments Rerouting Again

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Saudi Arabia is once again altering its crude export routing after Yemen's Houthi militants disrupted the use of a key backup corridor in the Red Sea, according to Bloomberg.

The move underscores renewed challenges to Riyadh's logistics as the security environment in the region remains unsettled.

The alternative route has played a significant role in supporting global oil movements since the Iran-related conflict began.

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HYPE Long Position Profits $57.18M After Price Surges Above $80

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A HYPE long position held by a single address for 10 months has yielded a profit of $57.18 million after the token rose above $80, hitting a new record high.

The position was opened in November last year with 1.38 million HYPE at $38.60 per token, and the holder paid $4.98 million in funding fees during the period.

Overall, the position's value climbed from $53.38 million to $110 million.

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Tokuyama Expands Silicon Material Production to Vietnam and Malaysia

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Tokuyama Corp., a Japanese silicon materials producer, is expanding its footprint with new facilities in Vietnam and Malaysia to supply a critical semiconductor material.

The move, as reported by Nikkei Asia, is part of a strategy to reduce supply-chain disruption risks by spreading production across multiple countries rather than concentrating it in Japan.

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Chinese Automakers Debut Numerous Models in a Single Day

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Nikkei Asia reported that at least eight Chinese automakers introduced new models on a single day last month, with Great Wall Motor and Leapmotor Technology among the participants.

Six of the firms showcased new or updated electric vehicles or other types of new-energy vehicles.

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