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On August 19, Tesla plans to publicly unveil its autonomous taxi, Cybercab, in Austin, Texas, as early as this month. The model features a design without a steering wheel or pedals, and Tesla employees have been testing a fully autonomous version on private roads within the company campus. Reports indicate that the Cybercab operates based on Tesla's FSD software, but its autonomous driving capabilities and safety are still under scrutiny. The National Highway Traffic Safety Administration (NHTSA) is currently investigating compliance issues related to Tesla's FSD, while existing Robotaxi services in some markets still employ human safety operators. The Cybercab is designed to operate without any intervention from occupants, with Tesla planning to use remote operators to handle emergencies and has begun integrating Starlink connectivity into the vehicles. Data scale is also a concern; Tesla stated in July that it needs to accumulate dedicated driving data for the Cybercab. To date, Tesla's unsupervised Robotaxi has driven approximately 380,000 miles across six cities, while Waymo has completed over 220 million miles of fully autonomous driving on public roads since 2020. Additionally, the Cybercab's lack of traditional driving controls may face restrictions under U.S. federal vehicle safety regulations. It remains unclear whether Tesla is seeking regulatory exemptions. The Verge notes that as the Cybercab's launch approaches, there is still significant uncertainty regarding the autonomous driving safety and regulatory approvals required for its commercial operation.

On August 19, Zhibao Technology (NASDAQ: ZBAO), a Chinese insurtech company, announced the completion of its previously announced private investment in public equity (PIPE) financing. Investors subscribed to newly issued shares and warrants of the company with 2,380 bitcoins. Based on an agreed reference price of $65,000 per BTC, the transaction size is approximately $154.7 million. According to a 6-K filing submitted by Zhibao Technology to the U.S. Securities and Exchange Commission (SEC), investors transferred all 2,380 BTC to the company's designated wallet at the time of the transaction's closing. In exchange, the company issued 442 million PIPE units, priced at $0.35 each, with each unit consisting of one share of Class A common stock and one warrant, which has an exercise price of $0.35 and is valid for two years. Zhibao Technology stated that it will use Bitcoin as a reserve asset to support daily operations, business expansion, research and development, and AI-related applications. Following this transaction, Zhibao Technology ranks 33rd among publicly listed companies globally in terms of BTC holdings.

On August 19, Hong Kong police recently disclosed a cryptocurrency investment scam targeting the elderly. An 80-year-old retired man clicked on a fraudulent link in an online pop-up advertisement in June this year and downloaded a fake app called 'Trust Wallet,' which impersonated a cryptocurrency platform. Subsequently, scammers posing as customer service representatives lured him into investing with promises of 'high returns and big profits.' The victim followed their instructions to withdraw money from his bank and exchanged cash for cryptocurrency at a currency exchange shop. Over the following month and a half, he transferred a total of over HKD 5 million worth of ETH into wallets designated by the scammers in multiple transactions. It was only when he could not withdraw funds from the fake app and the customer service became unresponsive that he realized he had been scammed. Hong Kong police remind families to pay attention to the online habits and financial situations of the elderly, actively share anti-fraud information, and be vigilant against investment scams carried out through fake apps and promises of high returns.