Recently, SenseTime announced the completion of a new share placement of approximately HKD 2.5 billion. The market's attention is not on the scale of financing, but rather on its clear use of funds— the announcement clearly states that about 20% (nearly HKD 500 million) will be used to promote the development of its RWA (Real World Assets) and stablecoin-related business.
As soon as the news broke, the industry was in an uproar. This move raised a sharper question for the entire industry: After the "Hundred Model War," how should AI companies truly make money when the traditional SaaS charging model can no longer support the enormous R&D investment?
For SenseTime, which has accumulated losses of hundreds of billions and is currently in the core battlefield, is this a helpless move under financial pressure, or a far-reaching layout aimed at revitalizing core assets? SenseTime's RWA strategy may be the breakthrough answer to this question. It reveals a brand new path: deeply embedding AI capabilities into finance, allowing the company to transform from a "technology service provider".

According to Techub News, on August 15, the total net outflow of Ethereum Spot ETFs in the United States was approximately $59.34 million, ending an 8-day net inflow. Among them, the BlackRock ETF saw a net inflow of about $338 million in a single day, while the Fidelity ETF, Grayscale ETF, and others experienced varying degrees of net outflow.

SharpLink Gaming announced its Q2 2025 financial report, with a net loss of $103.4 million, primarily due to LSETH asset impairment and non-cash equity incentives. Quarterly revenue was $7 million, and the company has formed a strategic partnership with Consensys, with co-founder Joseph Lubin joining the board. The company holds 728,804 Ether, almost all of which is staked.