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How Alibaba’s New Qwen3.8-Max Stacks Up Against US AI Giants
- Qwen3.8-Max ranked fourth on Arena's coding leaderboard, behind Claude Opus 5 and Kimi K3.
- Open weights for Qwen3.8-Max and a smaller 27B model arrive next week.
- Alibaba shares climbed 6.15% to HK$124.20 in Hong Kong on Monday.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Bithumb Lays Out a 3-Stage Path to Its South Korea IPO
- Bithumb published a three-stage roadmap targeting a 2028 public listing.
- Stage one runs through 2026, covering internal controls and K-IFRS rules.
- Stage two opens in 2027 with a preliminary listing review filing.
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Robinhood Cleared for UK Crypto, But There Are Major Limits
- Robinhood U.K. Ltd joined the FCA cryptoasset register on July 31.
- It can pass crypto orders to others but cannot hold customer coins.
- A second, stricter UK approval is still needed before October 2027.
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Why Is The Crypto Market Down Today?
- Japan's yen intervention revived carry-trade fears, pressuring risk assets
- Coldcard wallet hack dented self-custody confidence
- Pump.fun fell 8% but still holds a 26% monthly gain
Elon Musk Says AI Is Now a “Supersonic Tsunami” — His Chart Shows Where It Broke Out
- Elon Musk called AI development a supersonic tsunami on X Monday.
- Musk says AGI could surpass individual human intelligence by year end.
- A shared chart shows AI growth breaking out since spring 2026.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Morgan Stanley Upgrades South Korea Stocks After 30% KOSPI Crash
- Morgan Stanley upgraded South Korean stocks to overweight with a 9,000 KOSPI target.
- Strategists called the selloff technical, saying the leverage unwind is past its midpoint.
- KOSPI fell 4.41% Monday as Samsung and SK Hynix dropped over 7%.
