MiniMax on July 31 introduced H3, also branded as Hailuo 3.0, a new omnimodal generation model that the company said will have open weights released in the coming days. The launch follows MiniMax’s open-source release of its M3 text model in June and positions H3 as a system built to handle mixed text, image, video, and audio inputs in a single workflow rather than splitting those functions across separate models. According to the company, H3 can take text, images, audio, and video as inputs, including mixed prompts, and produce native 2K, 24 fps video clips running from 5 to 15 seconds with synchronized sound generated in the same pass. MiniMax said the price for 2K video generation is RMB 0.8 per second, or about RMB 12 for a 15-second clip, which it described as roughly one-third the cost of comparable flagship models. MiniMax also highlighted its Omni-Reference feature, which supports up to nine reference images, three reference videos, and three reference audio clips in a single generation. The model also supports text-to-video, image-to-video, multi-shot storytelling, instruction-based editing, and V2V Motion Transfer. Still, its broader standing remains unsettled: MiniMax’s claimed top ranking applies to video editing rather than overall video generation, while open weights have not yet appeared on Hugging Face.

Core Scientific, the U.S.-listed crypto mining company, has entered a long-term partnership with AMD that could reshape its business around AI infrastructure. Under the agreement, AMD can access up to 2.5 gigawatts of Core Scientific data center capacity to support deployments of AI solutions for end customers. The first phase is scheduled to begin in 2027 with 500 megawatts of capacity coming online. The deal includes an initial 15-year base contract covering five sites with a combined 530MW. Core Scientific said that portion alone is expected to generate more than $14 billion in revenue. The companies will also work together on physical data center design and on the deployment of AMD Instinct GPUs, EPYC CPUs, and ROCm software. AMD will receive warrants to purchase Core Scientific common stock at market price. The announcement highlights Core Scientific’s shift away from its roots as a Bitcoin miner. The company had faced bankruptcy pressure in 2022 and had previously said it planned to liquidate its Bitcoin holdings in the first quarter of this year. After the news, Core Scientific shares rose about 6% in premarket trading, while AMD fell about 4% before the open and ended the session down 8%.

Market attention on July 29 centered on a mix of crypto, policy and tech developments. SK hynix reported second-quarter operating profit of KRW 60.5 trillion and revenue of KRW 79 trillion, both below market expectations, while saying DRAM average selling prices rose about 30% from the first quarter and that HBM4 supply will expand in the second half. In Washington, Senate Republicans are trying to move the Clarity Act to a procedural vote before the August recess, though the bill still faces a tight legislative calendar, internal Republican hesitation and Democratic demands tied to ethics provisions and limits on crypto-related benefits for Donald Trump’s family. Coinbase CEO Brian Armstrong publicly urged the Senate to advance the bill, describing it as a bipartisan framework for consumer protection and federal oversight of digital assets. In crypto markets, Solana is expected to raise its mainnet block compute limit from 60 million CU to 100 million CU through SIMD-0286 at the start of Epoch 1009, a roughly 66% increase. trade.xyz said it would fully compensate liquidation losses linked to an abnormal SKHYNIX mark price event on July 27, while Hyperliquid co-founder iliensinc said the relevant perpetual market was deployed and operated by the XYZ team. Elsewhere, Elon Musk’s fortune has fallen by about $650 billion since SpaceX peaked in June but still remains above $700 billion, according to the report. The day’s roundup also included Korean market regulation moves, Amazon’s internal AI model overhaul, Apple’s brief move above a $5 trillion valuation, several crypto fundraising announcements and project updates from 1inch, Lighter and Across Protocol.

Amazon is overhauling its artificial intelligence strategy, scaling back most of its in-house flagship Nova models and redirecting engineering talent and computing resources toward a new "Frontier Model Research" initiative, according to a Business Insider report citing people familiar with the matter. The shift affects Premier and Omni, two high-end Nova models, along with Reel for video generation and Canvas for image generation. Some employees said those products have been moved into KTLO, or "Keep The Lights On," meaning Amazon will continue basic support for existing customers but no longer treat them as core development priorities. The report said Amazon is not abandoning the Nova brand entirely. Nova 2 Sonic, Nova 2 Lite, Nova Forge, and the AI agent technology Nova Act are expected to remain in operation. Resources freed up by the change are being redirected to the Frontier Model Research, or FMR, project, led by Pieter Abbeel, who joined Amazon through its acquisition of robotics AI startup Covariant. Business Insider said the team is building a new flagship foundation model that Amazon plans to unveil at its re:Invent conference this fall. The strategic reset comes after layoffs and management changes inside Amazon’s AGI organization. The company said AI models remain one of its most important areas of work and that it will keep adjusting its model lineup based on customer demand.

Tesla has become the first enterprise customer for Virtuix's Omni One Enterprise omnidirectional treadmill system, according to Techub, which cited CryptoBriefing. The company is using the setup inside the Optimus humanoid robot R&D unit. Omni One allows operators to walk, turn and squat naturally in a simulated environment while remotely controlling a physical robot in real time. That process is designed to capture high-precision full-body motion data and generate machine-learning training data at scale. The report also said Virtuix had previously focused on the VR gaming market. This sale, along with the company's work with NASA and universities, points to a shift toward robotics and AI enterprise applications.

Google has introduced Nano Banana 2 Lite, a new enterprise-focused image model that generates 1K images in 4 seconds and costs $0.034 per 1,000 images through its API stack.

Printr, incubated by Bybit Ventures Studio, launches PRINT token community sale on Sonar at $0.50, FDV $50M, 4% supply for public sale, fully unlocked at TGE. The platform's V2 has onboarded 3,000+ creators and 10,000+ tokens with $150M+ volume in its first week.

Real-world asset markets expanded again in the latest weekly review, with on-chain RWA capitalization rising to $36.82 billion as of July 24, 2026, according to RWA.xyz, while the number of holders climbed to 1.2541 million after a monthly net increase of more than 300,000. Stablecoins showed a more mixed picture: total market capitalization edged up to $298.75 billion, but monthly transfer volume fell 24.95% to $5.19 trillion, even as total holders increased to 276 million. On the policy front, the U.K. is preparing for a first blockchain-based gilt issuance in 2027, though progress still hinges on compliant GBP stablecoin infrastructure. South Korea, meanwhile, published a won internationalization roadmap, advanced second-stage digital asset legislation tied to stablecoins, and expanded CBDC-related payment infrastructure into private-sector use cases. At the company and product level, HSBC joined the U.K.’s Digital Securities Sandbox, BNY Mellon outlined plans for round-the-clock U.S. Treasury settlement by 2027, Mubadala Capital partnered with Coinbase on a tokenized private equity fund, and Ondo said its regulated broker-dealer subsidiary Oasis Pro Markets had received authorization to offer tokenized securities services in the U.S. In Hong Kong, local media reported that Anchorpoint, backed by Standard Chartered (Hong Kong), could announce its HKD-pegged stablecoin HKDAP as early as the end of this month.