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Crypto
Ethereum ETFs see 5 straight sessions of net outflows as short-position pressure may rise
Funds have exited Ethereum spot exchange-traded funds for five straight trading sessions while ether holds around $2,700, with selling pressure rising in derivatives markets. Ethereum spot ETFs posted a $50.76 million net outflow on Oct. 5, extending outflows since Sept. 29 to $205.88 million and reducing cumulative net inflows to about $13.75 billion. On-chain and derivatives indicators showed increased activity and selling dominance, though exchange balance changes were limited.
Industry
Xiaomi Korea launches five AIoT products in South Korea, from smart band to home cameras
Xiaomi Korea is launching five AIoT products in South Korea, including Xiaomi Smart Band 10 Pro, Redmi Buds 8, Xiaomi Watch S5 46mm, and the Xiaomi Smart Camera C500 and C701 Pro. The company detailed specifications such as display brightness, battery life and sensors, and announced recommended retail prices. Some models will be sold at discounted prices for limited periods, including through Aug. 16 and Aug. 24.
Mobility
Chinese EV makers shift from price cuts to in-car AI race
Chinese electric vehicle makers are shifting the focus of competition from a prolonged price war to in-car AI features. CNBC reported that rivalry, once centred on battery range, driver assistance systems and automotive chips, is expanding to broader in-car AI functions. Demand for connected services is rising, including interfaces linked to Huawei phones and voice assistants such as Doubao. Companies and partners are accelerating feature integration even as pricing pressure persists.
