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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.
- 13:59Garrett Jin: Trading platforms that take the lead in establishing stable funds will attract capital inflows and drive industry developmentChainCatcher reported that the whale Garrett Jin, who previously made headlines by selling over $4.23 billions worth of BTC and reallocating to ETH, stated that a deeper issue in the crypto industry lies in trading platforms offering high leverage on assets lacking intrinsic value to meet user demand and boost profits. Such high leverage was previously only found in the forex market, where underlying assets have value support, lower volatility, and liquidity provided by banks. If trading platforms continue to offer extremely high leverage, they should at least establish mechanisms similar to stable funds, as seen in the US stock market, to provide liquidity support during crises. Only in this way can trust be rebuilt, capital attracted back, and healthy market development promoted. The sharp drop on October 11 once again proved that under extreme volatility, the market is in urgent need of liquidity support. Trading platforms that take the lead in establishing stable funds will not only attract capital inflows but also drive the entire industry forward.
- 13:32Polymarket founder Dylan High School previously participated in the Ethereum ICOOn October 13, according to Fortune magazine, Kalshi and Polymarket are engaged in a competition for dominance in the prediction market. Kalshi is eager to add crypto features, but catching up with its competitor is not easy—Polymarket has been settling trades on the Polygon Layer 2 network since its inception, and its founder Shayne Coplan (now 27 years old) even participated in the Ethereum ICO while still in high school.
- 13:23A Bitcoin OG deposits 40 million USDC into Hyperliquid again to increase short positions on BTC.According to Jinse Finance, on-chain analytics platform Lookonchain has monitored that a certain Bitcoin OG has once again deposited 40 million USDC into Hyperliquid and increased their short position on BTC.