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On August 24, the Dark Side of the Moon Kimi announced that the company's first generation trillion-parameter multimodal model, Kimi K2.5, will retire at the end of this month. (Jinshi)

On August 24, Strive CEO Matt Cole published a lengthy article expressing optimism about Bitcoin. He referenced the Bitcoin/gold ratio chart, noting that Bitcoin has simultaneously broken through against both the dollar and gold, which he believes signals the end of the bear market and reinforces the view that the next cycle will be the strongest in history. Matt Cole argues that three forces are converging to create a favorable market environment for Bitcoin that has never been seen before: the long-term weakening of the dollar, the rising demand for scarce assets in the AI era, and the strengthening of the BTC/gold ratio.

On August 24, stablecoin digital bank Fasset announced the completion of $68 million in funding led by Japan's SBI Group, bringing the company's valuation to $1 billion. Including the $51 million raised in May, Fasset has accumulated $119 million in funding this year. Co-founder and CEO Mohammad Raafi Hossain stated that the company's annualized transaction volume has exceeded $40 billion, covering 125 countries, with revenue growth of approximately six times year-on-year over the past year, and has achieved profitability for 12 consecutive months, although specific revenue and profit figures were not disclosed.