Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

Samsung Electronics has announced its second-quarter financial results: revenue reached 171 trillion won, operating profit stood at 89.4 trillion won, basically in line with market expectations; net profit was 71.3 trillion won, exceeding the market forecast of 68.5 trillion won. Among them, the chip division’s second-quarter operating profit hit 89.2 trillion won. Looking ahead, Samsung Electronics stated that server chip demand will remain strong in the second half of the year, and the chip supply shortage is expected to persist, while demand for mobile and PC chips may slow down. The company expects that driven by continuous capital expenditure on AI infrastructure and broader autonomous AI applications, memory business demand will continue to stay strong, and it forecasts that profit will keep growing in the second half of the year. Additionally, the depreciation of the won brought a positive impact of approximately 3.1 trillion won on the company’s second-quarter results.

The Federal Reserve held the federal funds rate steady in the 3.50%-3.75% range for the fifth consecutive meeting. The FOMC approved the decision by a 9-to-3 vote, with three regional Federal Reserve presidents voting in favor of a rate hike — the first time since 2016 that three dissenting votes were cast in support of a rate increase. Fed Chair Walsh said at the post-meeting press conference that the Fed does not have a "flexible inflation target", its sole mandate has always been a 2% inflation rate, and it will not hesitate to take action when necessary and appropriate if inflation remains elevated. He emphasized that the current decision should not be labeled a "pause"; holding rates is just the start of the policy process, not the end. He also noted that market pricing is for observation only and will not be used to shape policy. Walsh added that U.S. economic activity is solid, with robust productivity, capital expenditure, and AI investment, while the labor market remains stable and has "performed quite well" in achieving full employment. The Fed is currently conducting a rigorous assessment of economic conditions. On the dissenting votes, he explained that the committee held full internal discussions, but the final decision was still backed by the vast majority of members. In markets, spot gold rose by more than $50 during the resolution announcement and press conference, briefly breaking above $4,100. The U.S. Dollar Index fell below 101, the 2-year U.S. Treasury yield dropped by roughly 8 basis points, while the 30-year yield climbed by about 10 basis points. Rate markets have pared their overall pricing for additional rate hikes this year, but still price in roughly 15 basis points of a September rate hike. Trump later claimed that Walsh wants to cut interest rates, but the Federal Reserve has a "political board of governors".

Microsoft (MSFT.O) reported fiscal 2026 Q4 revenue of $90 billion, a 17.7% year-over-year surge from $76.441 billion in the year-ago period, significantly beating the market consensus of $87.63 billion. Key data highlights: Q4 capital expenditure hit $41 billion; cloud business revenue reached $59.3 billion; Azure and other cloud services (excluding exchange rate impacts) grew 43%, outperforming market expectations; Azure cloud revenue stood at $39.3 billion with a 43% growth rate; free cash flow totaled $19.6 billion, down 23% year-over-year. Microsoft CEO Satya Nadella stated: "Azure business revenue has exceeded $100 billion for the first time, and paid seats for Microsoft 365 Copilot have surpassed 30 million, reflecting customers' confidence in our AI transformation capabilities." Notably, Microsoft is the first major tech firm to slightly reduce its fiscal 2027 capital expenditure, cutting the figure from $190 billion to $175 billion. As of press time, Microsoft's US stock rallied 8.8% in after-hours trading, lifting its market capitalization to $2.90 trillion.

According to Bitget market data, South Korea’s KOSPI index turned from rising to falling after opening, and is now down more than 1.2%. SK Hynix’s decline has widened to nearly 5%, while Samsung Electronics erased a 4% gain.

Qualcomm (QCOM.O) reported fiscal 2026 Q3 revenue of $9.95 billion, down 4% year-over-year from $10.365 billion in the same period last year, and missing the market consensus estimate of $9.66 billion. The chipmaker projects Q4 revenue to range between $9.7 billion and $10.5 billion, below the market expectation of $10.02 billion. Revenue from Apple-related products is expected to decline at a faster pace starting in the fourth quarter. In the near term, the growth rate of non-handset business revenue (including data center operations) is projected to accelerate from 24% in fiscal 2026 to over 60% in fiscal 2027. Unprecedented rises in memory prices and supply shortages in fiscal 2026 have brought cyclical headwinds to the global smartphone industry. The year-over-year increase in non-handset business revenue in fiscal 2027 is expected to exceed Qualcomm’s total revenue from Apple products in fiscal 2026. As of press time, Qualcomm’s U.S. shares fell 3.97% in after-hours trading.

According to CME’s FedWatch Tool: The probability that the Federal Reserve will hold interest rates steady in September is 36.8%, the probability of a cumulative 25 basis point rate hike is 63.2%, and the probability of a cumulative 50 basis point hike is 0% (compared to 17.8%, 60.2%, and 22% respectively before the Fed’s rate decision). For October, the probability of holding rates steady is 26.2%, a cumulative 25 basis point hike is 55.6%, a cumulative 50 basis point hike is 18.2%, and a cumulative 75 basis point hike is 0% (compared to 11.9%, 46.1%, 34.7%, and 7.3% respectively before the Fed’s rate decision).