Crypto Enforcement: Hong Kong’s SFC warned investors about “Fun Coffee,” a suspected crypto investment scheme after reported losses topped $127m, with police receiving 115 complaints and the case moved to the Commercial Crime Bureau. Scam Risk: A separate Hong Kong case highlights “crypto romance” fraud, where a woman reportedly lost about $3.3m after being steered to a fake investment platform and blocked from withdrawing. Labour Compliance: Hong Kong’s labour commissioner said changing smoking culture on construction sites will take time after 1,200 inspections and 36 fixed-penalty notices in the first two weeks of the ban. Digital Assets Security: BDIC Insurance teamed up with Fireblocks to integrate custody, payments and tokenisation into underwriting and risk checks for insured crypto services. AI Capex Watch: Jefferies’ Chris Wood cautioned that Big Tech’s AI spending may be burning billions without returns, as markets react to deteriorating free cash flow. EV Deliveries: XPeng reported 38,027 deliveries in July and NIO posted 35,934, underscoring continued momentum in China’s smart EV race. Talent & Research (GBA): Xiamen kicked off its Talent Service Month with activities linking Hong Kong and Macao innovators, while UM in Macau launched new tech faculties and AI-focused research institutes. Hospitality & Travel: Hong Kong-linked business news included a push for safer travel rules and a reminder that peak-season destinations see higher fraud attempts.