DeepMind chief executive Demis Hassabis urged that nations establish standardized artificial intelligence testing frameworks during discussions at the G20 technology meeting.
The remarks were reported by Jin10.
According to the BBC, U.S. Vice-President JD Vance used harsh language toward Abdul El-Sayed at a rally and told him to stop mentioning his wife after El-Sayed's comments about Second Lady Usha Vance, who is Hindu.
El-Sayed later accused the Trump administration of pursuing policies he described as harmful, including reducing healthcare access for working people, raising costs for groceries and gasoline, and taking a harder line on trade and security.
The Michigan race between El-Sayed and Mike Rogers, a Trump ally, is among the most closely watched ahead of the midterm elections, with an Epic-MRA survey released earlier this week showing El-Sayed ahead by four points.
Waterdrop Capital partner Da Shan argued on Binance Square's Blockchain 100 that the broad, altcoin price rallies seen in prior bull markets may be behind us, even as he expects Bitcoin to enter another upcycle that could push toward $200,000–$300,000 or higher.
He traced his path from building mining rigs during his PhD studies in 2013, to leaving Huawei HiSilicon in 2017 to found Waterdrop Capital, and investing in more than 200 projects; in 2025 he became chairman of AI company Good Vision AI.
In the near term, he is upbeat on September and October performance but plans to tighten risk controls after mid-October as the U.S. midterm elections approach, ready to pull back at the first sign of trouble.
His approach is symmetrical rather than directional: favorable midterm results for the incumbent could reduce the need for crypto exposure, while unfavorable outcomes could spur crypto policy moves that hurt the market. He treats these as short‑term noise and argues that both parties are converging on crypto policy. On a four‑year cycle, the current six months and the first half of next year are expected to sit in a bear phase, which underpins his longer‑term optimism.
Da Shan also shared personal losses, noting he bought near $80,000, watched it fall to $70,000 and then $60,000 before bottoming, and has since seen a rebound toward $80,000 with his BTC holdings in this cycle higher than in the previous cycle.
Regarding Bitcoin Layer 2s, he offered a blunt assessment: he did not view L2s as particularly essential, but promoted them to counter Ethereum's crowded L2 ecosystem. He noted Bitcoin L2 projects number about a dozen, versus hundreds on Ethereum, with most having faded. Survivors include River, Lorenzo, Particle, Merlin and B², many already listed on Binance. These assets supported Waterdrop's latest fund NAV, but he cautioned that the projects must survive the bear market and build real competitive advantages as Bitcoin's market cap rises.
On founders listing rather than token issuance, Da Shan argues that high‑quality projects should pursue stock listings because the payoff is larger, even though listing is harder due to more stringent regulatory requirements. Nasdaq's crypto exposure is limited, and token issuance means competing with thousands of tokens. His guidance to founders is to build real revenue and customers, recognizing Nasdaq has strict revenue and size thresholds and that crypto firms struggle on A‑share listings or in Hong Kong. He says he has persuaded several teams to pivot, with at least five Waterdrop portfolio companies lined up for listings based on actual business; Good Vision AI, where he is chairman, is advancing toward Nasdaq listing after revenue growth rather than a token launch, and is set to list on Nasdaq.AI.
He frames AI and blockchain as two sides of the same coin in the digital economy. Good Vision AI began with token routing and compute‑power solutions for enterprises, but he emphasizes that AI and blockchain complement each other and that neglecting one while praising the other is a mistake. He argues that miners moving into AI does not hurt the industry: bear‑market math showed AI tokens in the same space can be more profitable than Bitcoin, prompting capacity to shift, with operators returning when Bitcoin reclaims higher prices. Traditional institutions continue to accumulate quietly through downturns as well.
Data cited in support include IREN's $2.8 billion in contracts with Microsoft, Nvidia, Perplexity and Figure AI; Hut 8's $9.8 billion Beacon Point lease; and HIVE's $350 million GPU cloud deal lifting contracted annual recurring revenue to about $180 million.
Da Shan does not see an AI bubble at present, though he cautions that one could form or markets could collapse. He identifies two triggers: macro factors like the midterms and a sentiment pivot driven by IPOs of major AI players such as Anthropic. Nvidia’s latest guidance underlines growing AI demand, with Q3 revenue projected at $108 billion versus $103.9 billion expected, while margins show some pressure as gross margin is guided down to 74% from 75% sequentially.
In crypto, he regards tokenized real‑world assets (RWAs) as the biggest opportunity and says Waterdrop is in talks to invest in an RWA project Binance plans. For retail versus institutions, he suggests two paths: hold Bitcoin long term to resist market manipulation, and pursue on‑chain opportunities that give retail roughly the same access as institutions. He cautions that pre‑IPO dynamics and crypto listings often see prices retreat post‑open, and that if elite traditional finance operators enter crypto, losses could be even larger for retail participants.
His take on RWAs is nuanced: tokenized assets have roughly tripled to around $29–$33 billion in a year, with tokenized US Treasuries alone over $13 billion, but most large tokenized assets exhibit little weekly transfer activity, and only about a tenth of RWA value is actively deployed in DeFi, indicating issuance may be outpacing usage.
Ultimately, Da Shan highlights long‑term thinking and principled focus: patience through cycles and a disciplined approach to pursuing opportunities you truly excel at and enjoy, recognizing that energy is finite and chasing every trend leads to distraction.
According to Jin10, John Ternus, recently named Apple's chief executive, joined Weibo on September 1 and posted his first message, 'Hello.'
Jin10 reports that U.S. Treasury Secretary Bessent has urged the removal of Iran's protective barrier.
Shokz has unveiled its first AI-powered earbud, the OpenFit 2 AI, priced at 1,698 yuan, according to Jiemian News. The device runs on the Qwen large language model and supports recording, AI-generated summaries, transcription in 49 languages and voice translation across 11 language categories, targeting office use by professionals such as lawyers, finance experts and consultants.
The launch signals a strategic shift for Shokz, known for bone-conduction sports headphones. After expanding beyond sports with the OpenFit open-ear line in 2023, the company signaled in the second quarter of 2025 a broader open-ear strategy. It later introduced its first ear-clip model, OpenDots ONE, and in May rolled out OpenDots 2, OpenSwim Pro 2 and OpenDots Air.
Industry observers note that the broader open-ear market is becoming increasingly crowded. IDC data show global open-ear shipments rose 39.9% year over year in the first quarter, with ear-clip models accounting for more than half of the market for the first time. Shokz faces rising competition from Huawei and Xiaomi.
Market researchers also project growth in the AI earbud segment, with Research and Markets placing the global AI earbud market at $5.99 billion in 2025, rising to $7.42 billion in 2026 and $17.34 billion by 2030.
The Brazilian Finance Ministry is reevaluating its 2.3% GDP growth forecast, with officials signaling a possible downward revision.
Reported by Jin10, the review may result in a lower growth outlook for the economy.
Huang Licheng, known as Machi Big Brother, said on X that he tried a different approach by launching a token without personally owning any units.
Odaily reported that he did not disclose the token's name or any follow-up plans.
Bloomberg reports that the recent uptick in export levels appears tenuous. Renewed tanker attacks threaten the pace of Hormuz oil flow recovery.
Unitree Technology said several online assertions about its internal governance are untrue and asked the public to disregard them, following topics highlighted by Jiemian News on September 1 such as expense reimbursements above 100 yuan needing approval from Wang Xingxing and a punitive incentive system.
The company also addressed earlier reports that characterized Wang Xingxing as direct and strict, noting that employees were instructed not to disclose company information and that Wang places a strong emphasis on product details and cost control.
According to Jiemian News, Unitree was founded on August 26, 2016, lists Wang Xingxing as its legal representative, and operates in high-performance humanoid robots, quadruped robots, robot components and embodied intelligence models. The article also stated that Unitree officially listed on the STAR Market on August 19, raising 6.099 billion yuan in gross proceeds, exceeding the planned 4.202 billion yuan, with net proceeds after fees around 5.917 billion yuan. It noted that more than 85% of funds would be allocated to research and development projects.
The report further documented that Unitree's stock began trading at 1,100 yuan per share on its debut, rising about 629.44% from the 150.80 yuan issue price, and later closed on September 1 at 571.1 yuan, implying a market value near 231 billion yuan. It also detailed Wang's direct and indirect holdings, the paper wealth of several core staff and investors, and the company's employee and compensation data, including 480 employees as of the end of September 2025 and 90.2094 million yuan in R&D spending in the first three quarters of 2025.