CZ on screening team members: He favors subordinates who proactively track progress, and generally does not retain those who require his active follow-up.

According to GMGN market data, the meme coin microduck, modeled after an open-source robot from Hugging Face, briefly hit a new all-time high market cap of over $26 million, with a 24-hour trading volume of $12.6 million and an 18.7% 24-hour price gain. The meme coin draws inspiration from Hugging Face’s real open-source small robot “Microduck” — a 25cm duck-shaped RL robot priced at around $399 — released on August 27, 2026, and also ties to related NVIDIA acquisition rumors. It has no official affiliation with Hugging Face, Pollen Robotics, or NVIDIA, and is an independent meme token launched by the community capitalizing on the trend. BlockBeats reminds users: Most meme coins lack practical use cases and are highly volatile; please protect your assets and refrain from FOMO.

According to the A-share market's issuance schedule, three new shares are available for subscription next week: Baimaike on the Beijing Stock Exchange (BSE) on August 31; Suiyuan Technology on the Shanghai Stock Exchange's STAR Market on September 2; and Xinuowei on the STAR Market on September 3. Among these, Suiyuan Technology, together with Moore Threads, Mythicera and Biren Technology, are collectively known as the "Four Little Dragons of China's Domestic GPUs". Currently, only Suiyuan Technology remains unlisted. Once Suiyuan Technology goes public, the four will all be listed on the capital market. Earlier, the three companies saw their first-day closing gains hit 425.46%, 692.95% and 75.82% respectively. The prospectus filed by Suiyuan Technology shows that it plans to issue 43,035,173 shares, accounting for 10% of its total share capital post-issuance, bringing the total share capital to around 430 million shares. The IPO is expected to raise 6 billion yuan, with proceeds mainly allocated to the R&D and industrialization of fifth- and sixth-generation AI chip series, as well as advanced AI software-hardware collaborative innovation projects, to further advance the independent iteration of China's domestic computing power infrastructure.

After $牛来 was listed on @Aster_DEX Perps, its price surged by over 510%. Trader 0x463e opened a 5x long on 1.13M $牛来 ($111K) on @Aster_DEX and is now sitting on a $49.5K unrealized profit — a 223% return.

According to GMGN market data, the meme token TENDIES on the Robinhood blockchain has exceeded $27 million in market capitalization, with a 24-hour increase of 41.2% to hit a recent high, and has now pulled back to $22 million, with a 24-hour trading volume of $2.8 million. TENDIES originates from the internet meme "tendies" (chicken nuggets), which comes from U.S. retail investors and the Reddit community, embodying the grassroots sense of victory of ordinary retail investors celebrating by eating chicken nuggets after making profits. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, has no actual value or use cases, and investors should be mindful of the risks.

Tether CEO Paolo Ardoino has responded in a post to remarks from Bank for International Settlements (BIS) General Manager, who claimed stablecoins are inadequate for large-scale payments and instead backed tokenized bank deposits. Ardoino drew a structural comparison between the two: stablecoins are backed by 100% liquid assets such as government bonds, while tokenized bank deposits are essentially unenforceable pledges—typically not fully insured, with liquid asset reserves often standing at just around 10% (a fractional reserve). The BIS’s real concern is not whether stablecoins can facilitate payments, but that they expose the "emperor’s new clothes" of the traditional banking system. Ardoino then raised two questions: if stablecoins are fully reserved, why should savings be placed in fractional reserve products? What would become of the financial system if people realize stablecoins are safer and move their savings there? Ardoino directly took aim at the fractional reserve model of the traditional banking system.

After SIVE’s earnings report, Serenity published an article systematically outlining its bullish thesis on the scaling of optical interconnects and co-packaged optics (CPO) between 2027 and 2028. Pluggable module segment: JBL has confirmed 1.6T LRO, with orders placed in H1 2027 and ramp-up in H2, potentially serving multiple hyperscalers. Three other module manufacturers are evaluating the opportunity, while three more are conducting supply assessments. Reference design segment: GlobalFoundries’ SCALE has confirmed potential CPO customers including AMD and other hyperscalers. External light source and optical engine segment: POET, O-Net, and SemiNex are confirmed players, while AEVA is a potential match. For 2028 Optical I/O: Ayar Labs has confirmed potential integrations with AMD, Alchip, hyperscaler ASICs, and NVIDIA NVLink. Marvell Celestial, Lightmatter, and Lightelligence are listed as potential customers. The same period may also see TFLN-related projects such as Apple’s next-generation wearables. Serenity cites Goldman Sachs data showing the total addressable market for CPO will grow from near zero to roughly $91 billion by 2028. Morgan Stanley has named Sivers, LITE, and COHR as key laser suppliers for CPO. But Serenity’s criticism of SIVE is equally sharp: the company has not clearly communicated the economic scale of the 2027-2028 optical scaling cycle to Western and U.S. institutions. SIVE should position itself as a next-generation, high-growth global laser optics company targeting hyperscalers, rather than framing its narrative around backward-looking metrics like "current small revenue and ongoing losses". SIVE should be viewed as a high-elasticity play in the 1.6T and CPO optical transition cycle between 2027 and 2028.