U.S. CPI: +2.9% YEAR-OVER-YEAR (EST. +2.9%); U.S. CORE CPI: +3.2% YEAR-OVER-YEAR (EST. +3.3%)

According to Hyperinsight’s monitoring, the U.S. Federal Reserve will announce its FOMC interest rate decision at 2:00 AM Beijing time tomorrow, followed by a press conference at 2:30 AM. Ahead of the decision, a whale (0x927) opened a new short position from scratch last night, completing the build-up of the new short position in roughly two hours. Currently, it holds a 41x leveraged isolated short position on 3,250 SP500 contracts, with a position value of approximately $24.202 million, an average entry price of $7,410.7, an unrealized loss of around $117,000, and a liquidation price of $7,516.9. No open orders have been placed for this position so far. Historical completed trades show its win rate over the past 30 days stands at 80%, with a total of 50 SP500 trades executed previously. - HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable the "Send messages" permission) to automatically sync on-chain information.

Grayscale Research’s latest report notes that Hyperliquid’s native token HYPE remains undervalued relative to publicly listed fintech companies. Research head Zach Pandl applied a valuation metric analogous to stocks’ earnings per share (EPS) — earnings per token — projecting Hyperliquid’s protocol profit will reach approximately $1 billion in 2027, a roughly 20% increase from 2025. The report forecasts HYPE’s circulating supply will rise to 270 million to 310 million tokens by the end of 2027, corresponding to earnings per token of $3.25 to $3.75. At its current price of around $54, HYPE’s forward price-to-earnings (P/E) ratio stands at 15 to 18 times, a valuation Grayscale says is still lower than most fintech firms. However, the report flags key risks including underperforming protocol revenue growth and overly rapid token supply expansion. Meanwhile, HYPE has fallen roughly 29% from its June all-time high, with recent institutional unstaking and capital outflows continuing to weigh on market sentiment.

The United States announced a letter of intent for semiconductor R&D investment totaling $874 million, aimed at further strengthening its domestic chip technology R&D capabilities. Meanwhile, U.S. authorities announced that GlobalFoundries, a wafer foundry, will receive up to $300 million in government funding to support its semiconductor R&D and advanced manufacturing capacity building. (Jinshi)

Blockchain analytics firm Elliptic has released a report stating that A7A5, a ruble stablecoin backed by a sanctioned Russian state-owned bank, has facilitated over $100 billion in cumulative fund transfers in its first year of launch and was used to evade Western sanctions. Today, the token’s market size has shrunk by 96%. Elliptic notes that while A7A5’s smart contract remains operational, a stablecoin only holds practical value if it can be redeemed. After the U.S., U.K., and EU imposed sanctions on the network behind A7A5, on-chain funds linked to the token now carry clear "sanctioned" labels. Major trading platforms typically conduct compliance screening on deposit addresses, using on-chain analytics tools to identify related fund flows and freeze or block such funds. Even if A7A5 itself cannot be frozen, as long as its fiat on-ramps, off-ramps, and trading access points are blocked, its actual circulation capacity will remain severely limited.

The Central Bank of Russia (CBR) has released draft regulatory rules for the cryptocurrency market, covering registration and operational requirements for trading platforms, digital depositories, and token issuers. The draft stipulates that the minimum net asset value for digital depositories ranges from 50 million to 250 million rubles (approximately $600,000 to $3 million), with the specific amount depending on the nature of the business. These rules will supplement Russia’s State Duma’s “Digital Currency and Digital Rights Law” passed earlier this month, which is expected to take effect on September 1, 2026. Under the new framework, non-qualified investors can only purchase mainstream assets such as BTC, ETH, and USDT annually, with a cap of $4,000. Industry participants will have a transition period until March 1, 2027, to complete compliance and approval procedures.

Sources say some US troops deployed in the Middle East may have their mobile phones confiscated, as US military commanders have warned the troops against sharing videos related to Iran's strike operations. (Jinshi)