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

Coinbase CEO Brian Armstrong stated in a post that community banks would gain stronger competitiveness and market opportunities by adopting stablecoins. Coinbase is collaborating with Moov to help more than 1,000 community banks integrate stablecoin-related capabilities into their existing systems, which will bring faster settlement speeds, lower costs, and real-time access to funds. Discussions in Washington regarding stablecoins and community banks have overlooked the most critical point: stablecoins represent an opportunity.

Driven by the artificial intelligence (AI) boom, the memory chip market is in a super cycle, but SK Hynix’s DRAM market share is actually declining. This is not due to weak sales of its DRAM products, but rather the overly high proportion of high-bandwidth memory (HBM) in its product mix, plus a production volume gap with Samsung Electronics. According to data released by market research firm TrendForce on the 14th, SK Hynix’s second-quarter DRAM revenue rose 37.9% quarter-on-quarter to $38.59 billion. However, its market share fell 3.9 percentage points from 28.8% to 24.9%. Samsung Electronics led the market with a 39.4% share, while Micron Technology narrowed the gap with SK Hynix to 1.6 percentage points, holding a 23.3% market share. (Semiconductor Industry Observer)

According to Nikkei News, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), which oversees cross-border interbank payment services, is currently pushing forward the full-scale adoption of blockchain (distributed ledger) technology. SWIFT has launched a pilot initiative with 17 global banks including U.S. Citigroup and Mitsubishi UFJ Bank, aiming to leverage digital "tokenized deposits" to enable 24/7 instant cross-border remittances. If the scheme is validated to be effective in reducing remittance processing time and cutting fees, among other metrics, it is expected to further drive the mainstream adoption of "tokenized deposits".

According to Bitget market data, Hong Kong stocks opened, with the Hang Seng Index down 0.42% and the Hang Seng Tech Index down 0.69%. Most artificial intelligence sectors declined, with MINIMAX-W and Zhipu falling over 5%, and Alibaba (09988.HK) dropping nearly 2%.

According to a report from The Information, Anthropic has signed a $13.7 billion computing power agreement with Rum Group, an entity associated with Donald Trump.

Renowned crypto trader Bonk Guy shared his insights on Arc Chain in a post, revealing that multiple Arc ecosystem builders have reached out to him over the past weeks to attract high-frequency traders to participate in the chain’s early launch. He had previously overlooked Arc, as he believed on-chain activity in this cycle would center primarily on Robinhood, BNB Chain, and Solana. However, news that FOMO will integrate Arc within days of its launch shifted his short-term outlook on the chain. FOMO is fast becoming a key crypto trading app for retail investors in this cycle; it had not integrated Hyperliquid, Tron, or TON before, though tokens on these three chains have each surpassed $100 million in market cap. Thus, if FOMO supports Arc from its early launch stages, it could bring notable short-term trading opportunities for traders. Moreover, Arc is proactively courting high-frequency traders, signaling it is adopting Robinhood’s early strategy of building on-chain traffic via active trading. Bonk Guy has purchased LONG, the native token of Arc’s main Launchpad, as well as the platform’s top three meme coins. His take on Arc is limited to short-term trading opportunities and does not alter his core view that Robinhood Chain, BNB Chain, and Solana remain the most worthy ecosystems to watch in this cycle. The primary reasons Arc merits attention now are its combination of a new chain, Launchpad, high-frequency traders, and FOMO integration, which may generate early trading opportunities. He also reminds relevant participants that this is a high-risk short-term speculative endeavor.