GMT EIGHT - Latest - Zhaowei Machinery & Electronics (02692.HK) A-share trading shows abnormal fluctuations; there are no undisclosed matters that should be disclosed.

2 m ago

Silicon Industry Branch: Market purchases on an as-needed basis; polysilicon prices remained stable this week.

2 m ago

Google: OpenAI's GPT-ASTRA, GPT-6.1 SOL, and GPT-6 LUNA models are being rolled out in private preview to a small number of enterprise customers in Google Cloud Model Garden.

3 m ago

According to Google's official website, Google has launched OpenAI models on the Model Garden platform of Google Cloud.

5 m ago

Two companies announced on Wednesday that within the coming weeks, OpenAI will make its frontier AI models and Codex coding agent services available externally through Google Cloud. The move deepens cooperation between the two competitors and highlights that major cloud service providers are becoming important distribution channels for top-tier AI models. According to a corporate blog announcement, the partnership will integrate OpenAI's latest models, including GPT-6 Astra, into Google Cloud's Model Garden model marketplace. Customers can purchase these models on the Google Cloud Marketplace and settle payments using their existing cloud service procurement credits. Through this, OpenAI aims to promote its models to more enterprise customers.

7 m ago

On October 21, according to an announcement by the U.S. Office of the Comptroller of the Currency (OCC), the final implementing rules of the GENIUS Act will take effect on January 18, 2027. Based on the disclosed provisions, their main impact is to preserve room for third-party stablecoin rewards and increase issuers' flexibility in reserve management, but they do not eliminate the prohibition on yield payments or relax the full reserve requirement. For trading platforms and distribution platforms, removing part of the presumption of illegality for arrangements between issuers and third parties alleviates the pressure under the draft for related businesses to be presumed non-compliant in advance, preserving room to attract users and retain funds through rewards. However, this does not mean that existing reward programs have been recognized as compliant: issuers are still prohibited from directly paying interest or yield, and third-party arrangements must also be subject to case-by-case review. Therefore, the dispute between banks and crypto platforms over stablecoin rewards and deposit competition remains unresolved. For issuers, canceling the proposed 20-day weighted average maturity cap and allowing excess reserves to be withdrawn at any time increases flexibility in asset allocation and cash management and may improve the efficiency of fund use. But this does not mean that reserve income will necessarily increase, let alone permit the use of assets used to fully back circulating stablecoins. If issuers choose to extend the holding period of eligible assets, they still need to manage interest rate and redemption liquidity risks. The redemption provisions reflect another layer of constraint: the final rules do not retain the arrangement for automatically extending the period during a redemption surge, meaning that more flexible reserve management does not mean that redemption requirements are relaxed accordingly. Redemption requests exceeding 10% of a stablecoin's circulating value within 24 hours are a trigger condition for notifying regulators, not a cap on user redemptions. Overall, the rules make the operating boundaries for issuers and platforms clearer, but implementation still has subsequent conditions. The OCC has yet to announce the time for accepting applications, and anti-money laundering and sanctions compliance rules will also be formulated separately. This release cannot be understood as meaning that all issuers or reward businesses have been approved to operate.