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Mobility

Tesla begins Cybercab display in China, rules out sales and commercial robotaxi operations

Tesla is publicly showing its Cybercab in China for the first time but drew a line under any link to local sales or commercial operations of a driverless ride-hailing service. The display begins on Sept. 17 and runs at venues in Beijing and Shanghai through late September. Tesla said the event is to present the product’s design and technology concept, noting the two-seat vehicle lacks a steering wheel and pedals and cannot be registered for consumer sale.

Crypto

Grayscale sets XRP target weight at 26 percent in Next Gen model portfolio without bitcoin

Asset manager Grayscale set a 26.11 percent target weight for XRP in its Next Gen strategy, which excludes bitcoin, within its new model portfolio lineup for advisory firms. The company launched four strategies that use market-cap weighting and rebalance quarterly. In the Next Gen allocation as of Aug. 31, Ethereum had the largest share at 42.34 percent. In the Leaders strategy including bitcoin, XRP’s weight fell to 11.92 percent.

AI & Enterprise

China's MetaX lockup expiry for 14 million shares raises fears of Moore Threads-style plunge

China AI chipmaker MetaX will see about 14 million previously locked-up shares enter the market from Sept. 17, drawing attention to whether selling pressure will spread across Chinese AI semiconductor stocks. The market is wary after Moore Threads slid 20 percent after its lockup ended. MetaX shares have fallen more than 22 percent in the past week, though analysts say the expiry does not signal weakening fundamentals.