Gate market data showed Hong Kong stocks opening higher, with the Hang Seng Index up 0.46% and the Hang Seng Tech Index up 0.18%. In individual stocks, XPeng Group fell 8.18% after earnings, while Leapmotor rose 2.57% after earnings. The move came at the opening of the Hong Kong market, according to ChainCatcher.

Bitcoin ripped more than 26% last week, touching $79,500 on Aug. 21 and breaking above its 200-day moving average for the first time since November 2025. U.S. spot Bitcoin ETFs took in $1.918 billion last week, while spot Ether ETFs drew $697 million. Coinbase’s Bitcoin premium index turned positive at 0.0032%, ending a 97-day negative streak, and Polymarket now puts the odds of BTC reaching $90,000 before 2027 at about 48%. Ether outperformed with a weekly gain of nearly 30%, but on-chain deleveraging signals remained visible.

PANews’ latest Wall Street morning briefing tracks several market threads moving at once: U.S. August composite PMI came in above expectations and lifted the major indexes on Friday, yet the weekly trend remained soft. Long-dated Treasury yields stayed near the top of their one-year range, while Bridgewater founder Ray Dalio warned that a U.S. debt crisis could emerge within one to five years if deficits and debt keep worsening. Another focal point is U.S. Treasury Secretary Bessent’s plan to release detailed Iran sanctions during Monday trading hours. According to the report, the package targets purchases of Iranian oil, money transfers and ship-to-ship transfers through secondary sanctions. In parallel, the AI trade is facing a cost test: some of Nvidia’s largest customers were told that servers using Nvidia AI chips could cost more than 15% extra next year because of surging memory chip prices. The article also reviews sharp stock moves. Tesla rose 5.14% and led the “Magnificent Seven” after Nevada approved Robotaxi operations in Las Vegas involving Tesla, Waymo and Uber. Alibaba dropped after announcing an HK$80 billion placement to fund AI expansion. Crypto-related stocks moved higher as Bitcoin approached $80,000 and expectations for liquidity and crypto-friendly policy improved.

A Late Post report cited by PANews paints a crowded and overheated embodied AI market in China, where capital has rushed into humanoid robots, dexterous hands, data collection, joint modules, and tactile sensors long before the sector has established durable industrial demand or a broadly accepted valuation framework. In the first half of 2026 alone, domestic embodied AI financing exceeded RMB 90 billion, and 22 companies were valued above RMB 10 billion, according to IT Juzi. Yet field observations described in the report show many robots still move too slowly for real factory deployment, while some revenue is tied to research, education, data collection loops, channel stocking, or related-party structures rather than large-scale end-user adoption. Unitree’s listing has become the market’s closest thing to a public benchmark. Morgan Stanley said more than 10,000 embodied robots were actually shipped in China last year, with Unitree accounting for 5,215 units. Its 2025 revenue reached RMB 1.699 billion, but the report notes that more than 70% of revenue as of last September came from research and education, and less than 10% came from industry applications. The broader question now is whether public markets will price Unitree as a high-growth embodied AI platform with future "brain" capabilities, or more like a strong engineering and hardware company. That answer may shape how long today’s private-market valuations can hold.

Calterah Microelectronics, a Shanghai-based automotive radar chip unicorn, has filed for a STAR Market IPO and plans to raise 3.489 billion yuan. The company says its 2025 share of China’s in-vehicle millimeter-wave radar chip market reached 31.1%, with more than 30 million chips shipped and customers including BYD, Geely, Nio and Volvo. Over 12 years, it completed 11 funding rounds and crossed a 10 billion yuan valuation.

Calterah Microelectronics (Shanghai) Co., Ltd. has moved a step closer to a STAR Market listing after the Shanghai Stock Exchange accepted its IPO filing. The company, founded in 2014, is known for bringing domestically developed automotive-grade millimeter-wave radar SoC chips into mass production in China and for breaking the long-standing dominance of overseas suppliers in the segment in 2017. According to its prospectus and public data cited in the report, Calterah held a 31.1% share of China’s automotive millimeter-wave radar market in 2025, ranking second behind Texas Instruments, while its share in the 4D millimeter-wave radar 4-transmit, 4-receive SoC niche reached 66%. The filing shows a company growing quickly but still deeply in the red. Revenue rose from RMB 206 million in 2023 to RMB 632 million in 2025, with 2025 revenue up 108.44% year over year. Yet net profit attributable to shareholders remained negative at RMB -323 million, RMB -334 million, and RMB -193 million from 2023 to 2025, followed by another roughly RMB -60.2866 million loss in the first quarter of 2026. Heavy research spending remained the main drag, while operating cash flow narrowed sharply in 2025. The company plans to raise RMB 3.4894274 billion for radar chips, ultra-wideband connectivity chips, and a technology innovation center and headquarters project.