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Share link:In this post: Temu restarts direct China-to-US shipping after tariff truce eases pressure on low-cost imports. Company boosts U.S. ad spending and builds in-house logistics to reduce customs risks. U.S. sales are recovering slowly with mixed supplier results despite resumed shipping.
Share link:In this post: Nikkei and Asahi Shimbum allege that Perplexity used their content without permission. They join other news publishers suing the AI firm for copyright infringement. The Japanese media groups want $14 million each from Perplexity in damages.
Share link:In this post: Apple’s stock jumped 9.4% in August after Tim Cook pledged $100 billion to US manufacturing. Trump’s $800 million tariff hit triggered the earlier selloff, but tensions have eased. New AI plans and strong iPhone sales in China helped boost investor confidence.
Share link:In this post: Nvidia faces uncertainty in China after a US deal requiring 15% revenue sharing and Beijing’s pushback on chip imports. Analysts expect Nvidia to guide $52.96 billion in Q3 revenue, with up to $6 billion from China despite pressure on margins. Options traders anticipate a $260 billion market swing after earnings, with shares already up 34% in 2025.
Trump’s bid to fire Lisa Cook could hand him control of the Fed, opening the door to rate cuts and crypto gains while risking market turmoil.
- 02:10South Korean National Assembly proposes bill for the first time to include stablecoins under Foreign Exchange Transactions Act supervisionJinse Finance reported, citing Yonhap News Agency, that Park Sung-hoon, a member of South Korea's People Power Party, will propose a bill to amend the Foreign Exchange Transactions Act to include stablecoins within the legally defined scope of payment methods. The bill aims to revise Article 3, Paragraph 1, "Definitions," to list stablecoins alongside government-issued paper money, banknotes, and coins as payment methods. Representative Park stated that although the potential of stablecoins pegged to fiat currency as a new payment method is recognized, due to their nature being different from existing fiat currencies, they are not identified as payment methods under the Foreign Exchange Transactions Act, resulting in a regulatory blind spot. This could lead to illegal foreign exchange transactions and tax evasion through stablecoins. The Bank of Korea has previously expressed similar concerns, noting that US dollar stablecoins could be used for cross-border current account and capital transactions without following the reporting procedures stipulated by the Foreign Exchange Transactions Act, and warning that the spread of stablecoins may make it easier to conduct illegal transactions that evade foreign exchange regulations. South Korea's Ministry of Economy and Finance expressed agreement with the bill, stating that it is working with the Financial Services Commission, the central bank, and other relevant institutions to discuss specific regulatory measures.
- 02:02Four.Meme official X account has been suspended.According to Jinse Finance, the official X account of the token launch platform Four.Meme on a certain exchange has been frozen, as shown on X.
- 01:55Lighter responds to "HYPE abnormal order book data": caused by a runaway bot, no liquidations occurred, and no on-chain data was modified.BlockBeats News, October 28, regarding the abnormal price fluctuations in the HYPE market early this morning, Lighter stated on the X platform: "A runaway bot flooded the HYPE order book with large orders, but aside from this, there were no forced liquidations or other negative impacts. This trade was executed at an extremely high price with very low volume, resulting in a long upper shadow that caused issues with chart scaling. Therefore, this data has been removed from the frontend interface. It is important to emphasize that on-chain data has not been modified and cannot be modified; users can view it on the block explorer. Since we operate the main frontend interface, we present the chart in the way that is most helpful to traders; however, other frontends built on Lighter can choose different display methods as they see fit."