F2Pool co-founder Wang Chun says Zcash's recent gains are driven by narrative speculation, and that a market value approaching Solana or other large tokens does not indicate equal status.

He notes that Zcash was not fairly launched, pointing to a 20% share of block rewards allocated to founders, employees, advisers, and early investors during the first four years, totaling about 2.1 million ZEC, or about 10% of the 21 million supply cap.

He added that the same 20% allocation later reappeared through a development fund structure.

Chun also observed that Zcash privacy is optional rather than default, and that most coins have remained in transparent addresses for much of its history.

He stated that Electric Coin Company and the Zcash Foundation have long had governance disputes, and that ECC staff resigned in January 2026, saying they had been pushed out.

On security, he cited a May 2026 disclosure of an Orchard pool vulnerability that had existed for about four years and could theoretically have allowed ZEC issuance without clear on-chain traces, though the pool's privacy made it impossible to prove it never happened.

He added that Ironwood shut down the old pool and forced a transition in July, calling it cleanup rather than a reason for Zcash to rank among the top 10.

The U.S. dollar rose to 7.8402/10 per Hong Kong dollar, according to ETNet.

The dollar-yuan rate was quoted at 6.7105/12.

The one-year offshore yuan non-deliverable forward was 6.5587/5657, implying a discount of 1,487 points to spot.

Hong Kong interbank offered rates were 2.8% overnight, 2.75% for one week, 2.78% for two weeks, 2.89% for one month, 2.99% for two months, 3.08% for three months, 3.24% for six months and 3.58% for one year.

BNC4, a meme token operating on the Binance Smart Chain, has reached a market capitalization above $5 million, roughly ten times the market cap of BNC stock, according to Odaily.

Odaily notes that BNC4 is an on-chain stock token introduced by the Four Meme platform and is pegged to the U.S. stock CEA Industries (BNC).

Polymarket's submarket for the third-game first-kill in the LoL playoff matchup between Invictus Gaming and LGD Gaming showed Invictus Gaming's odds rising to 69.5% from 52% in about an hour, a 17.5-point increase.

ChainCatcher noted that the move indicates a sharp swing in the event's prediction market.

Two Hong Kong-listed stocks were flagged for unusual trading activity at 9:48 a.m., according to ETNet.

New Focus (00360) rose 21.43% to HK$0.051, extending a three-day rally for a cumulative gain of 88.89%.

Sinopec (00386) climbed 2.65% to HK$4.85, hitting a one-month high.

The active buy-sell ratios stood at 61:39 for New Focus and 81:19 for Sinopec.

The Southbound leveraged SK Hynix ETF (07709) jumped 8.5% to HK$44.56 after touching HK$44.60 intraday, its best level in more than a month. The fund has advanced for three consecutive sessions, up about 33.4% over that stretch, with turnover around HK$919 million, according to ETNet.

KB Securities noted inventories at Samsung Electronics and SK Hynix have fallen to under 10 days of supply, and it expects them to tighten further next year. The broker added that HBM4 requires roughly three times as many wafers as conventional DRAM, and continued expansion of HBM4 capacity could further constrain DRAM output. They forecast DRAM and NAND demand next year to exceed supply by more than 10%.

South Korean equities were firmer, with SK Hynix stock up about 3% to a one-month high and Samsung Electronics rising around 1.5%. The KOSPI index traded higher, up roughly 1.8% intraday.

In Hong Kong, the Southbound leveraged Samsung ETF (07747) rose about 5.3% to HK$82, the Southbound KOSPI ETF (03121) gained 2.3% to HK$7, and the A South Korea Covered Call ETF (03537) added around 1.7% to HK$10.04.

Meanwhile, the Hang Seng Index was down 0.7% at 25,244, with mainboard turnover above HK$24.8 billion.

Uniswap founder Hayden Adams posted on X that UNI’s burn rate over the past seven days implies an annualized burn of just over $250 million, reaching about $263 million.

Odaily notes the figure is derived from the token’s burn speed during the most recent week.

According to the BBC, Arm Holdings chief executive Rene Haas said artificial intelligence will help find a cure for cancer in his lifetime and could lead to widespread humanoid robots within five years. He noted that AI remains too complex to model cancer at the level of cells and DNA markers, but argued that more advanced systems will eventually solve the problem.

Haas said Arm’s chip designs are already used in half of AI data centers worldwide, and that demand for the Arm AGI chip has topped more than $2 billion since its March launch. He added that shortages of chips are slowing the rollout of AI and data centers, while also saying he does not think chip manufacturing needs to move to the UK.

He also said fears of mass AI-driven job losses and a correction in AI stocks are overstated.

The changes come from ETNet's disclosed holdings updates for a group of Hong Kong-listed companies.

Chow Tai Fook Cheng of Far East Consortium (00035) lifted his stake by 1.12 million shares on September 2, 2026.

Li Ning Co. (02331) saw stake increases by Li Ning on September 1 and September 3, 2026, while Viva China increased on September 2, 2026.

Wang Weijia, of Hong Kong Technology Venture (01137), increased holdings on September 2 and September 3, 2026.

JPMorgan raised its stake in Xinhua Insurance (01336) on September 1, 2026.

BlackRock reduced its holdings in China Resources Entertainment (00136) by 31.489 million shares on September 2, 2026.

The disclosure list also shows reductions in Kingdee International (00268), Tongcheng Travel (00780), Samsonite (01910) and several other Hong Kong-listed names.

Hong Kong Exchanges and Clearing Ltd said the most active Southbound stocks traded through the Shanghai and Shenzhen Connect programs on July 7 included MiniMax (00100), Zhipu (02513), Xiaomi (01810), Tencent (00700), Alibaba (09988), SMIC (00981) and China Life (02628), according to ETNet.

In Shanghai Connect, Xiaomi posted the largest net buy at HK$1,033.14 million, while Kinsus Interconnect Technology (01888) was the top net seller at HK$445.36 million.

In Shenzhen Connect, MiniMax registered the biggest net sell at HK$369.60 million, and InnoLight Technology (03308) recorded the largest net buy at HK$367.45 million.

The figures were rounded to two decimal places.