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On July 18th, Ren Zeping was embroiled in controversy again. It is reported that his team disbanded the VIP group chat this week. An assistant from Ren Zepings team stated that the group chat was disbanded because "it was discovered that someone was using our group to send fraudulent links and privately create groups to post inappropriate information. To ensure everyones safety, we will no longer use the group for information notifications." Course registration and membership benefits will continue as normal. Third-party platform data shows that since the beginning of this year alone, Ren Zepings paid knowledge courses on his platform have sold between 20,000 and 100,000 units. The top five courses are all part of the 2980 RMB annual membership, with over 8800 units sold. Based on the listed price, this revenue alone is conservatively estimated to be over 26.22 million RMB. Currently, this membership service is still available for purchase on platforms such as WeChat Mini Programs.On July 18th, at the 2026 World Artificial Intelligence Conference (WAIC), NetEase Youdao publicly showcased its Youdao OpenPods for the first time. The device supports real-time simultaneous interpretation in over ten languages and features recording transcription, automatic generation of structured minutes, and mind maps. It is understood that the earphones are already in mass production and are expected to be officially launched in August. Youdao stated that OpenPods will be exported in the future.On July 18th, at the 2026 World Artificial Intelligence Conference, renowned futurist and "father of the Silicon Valley spirit," Kevin Kelly, stated in a media interview that if one day everyone starts to care about the cost of tokens, the existence of open-source models will be an advantage for Chinese AI. Kelly mentioned that the cost of token consumption is becoming increasingly important, while currently, people dont seem to care about the cost. "But I think that when we are constantly consuming such a huge amount of tokens, people will become concerned (about the cost). If you can provide a model with a cost that is only one-tenth of Anthropics, then it will be a game-changer." However, Kelly also cautioned that the open-source model requires sufficient funding to operate, as it is not as profitable as the closed-source model. "Building these large models requires a huge amount of capital."A spokesperson for the Kuwaiti Ministry of Defense stated that since early this morning, the armed forces have detected enemy ballistic missiles and drones in Kuwaiti airspace and have intercepted and dealt with them. Iranian attacks continue to target multiple military and security facilities in Kuwait, as well as several critical infrastructure and civilian facilities. The attacks affected facilities in the oil and power sectors, causing fires and significant damage.The Ukrainian Ministry of Defense reported that in the first half of 2026, the Ukrainian military signed drone contracts totaling approximately $7.5 billion, double the total for the previous year. FPV drones accounted for the largest share of these contracts.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.