TRON (TRX) — Onchain News & Whale Tracking

US pre-market trading sees strong performance from optical communication concept stocks, with MRVL, AAOI, and COHR rising more than 3%.

According to market data from BIT (bit.com), optical communication concept stocks performed strongly in early US stock trading: Pure Photonics ETF FOTO rose 2.82%; Marvell Technology (MRVL) rose 3.75%; Applied Optoelectronics (AAOI) rose 3.67%; Lumentum Holdings (LITE) rose 1.51%; Coherent Corp. (COHR) rose 3.56%; Ciena Corporation (CIEN) rose 3.69%; Fabrinet (FN) rose 2.30%; AXT Inc. (AXTI) rose 3.89%; and Nokia (NOK) rose 2.50%.

After the CPI "dust settles" moment, global markets have rallied strongly: Bitcoin rebounded from a low to hit $78,000, and US stock index futures maintained their upward momentum.

Although U.S. August CPI rose at a faster pace, lifting rate hike expectations, with a roughly 90% probability of a Federal Reserve rate hike priced in for next week, and markets fully anticipating two additional Fed hikes by year-end, global markets still performed strongly after the widely expected move. In the crypto space, per HTX market data, Bitcoin briefly plunged to $76,046 in a short-term flash dip, and has since rebounded to $78,000. Ethereum broke above $2,500. In U.S. equities, per BIT (bit.com) market data, pre-market Dow Jones futures rose 0.8%, Nasdaq futures gained 0.82%, and S&P 500 futures advanced 0.73%. Per Bitget market data, spot gold has rebounded more than $70 from its post-CPI low, breaking above $4,360 per ounce, after earlier touching a low of around $4,290 per ounce.

Bonk Guy endorses EMBER, stating its market cap will surpass $100 million and the project boasts strong fundamentals.

Well-known trader Bonk Guy revealed he purchased EMBER, his first Solana ecosystem token in a long while, today. He spotted the token yesterday when its market capitalization hit $3 million but missed the entry opportunity; after conducting thorough research, he opted to chase the rally, noting that EMBER is one of the token launch platforms with the strongest fundamentals currently, backed by Meteora which boasts robust resources and endorsements. Bonk Guy forecasts EMBER’s market cap will surpass $100 million. On-chain data indicates Bonk Guy’s public wallet address holds EMBER valued at $780,000, with an unrealized profit of 93%. BlockBeats reminds users that token prices are highly volatile, so investment requires caution.

Sources say Qualcomm and Samsung Electronics' wafer foundry negotiations have hit an impasse over price disagreements.

According to reports, negotiations for a new semiconductor contract manufacturing deal between Qualcomm (QCOM) and Samsung Electronics’ foundry business have hit an impasse over price differences. Qualcomm is pushing for a price cut, while Samsung Electronics has refused to accept the request. Industry insiders disclosed that the AP project, which was planned to be manufactured using Samsung Foundry’s 2nm process, may be delayed until next year. As price talks continue, whether mass production can be realized this year has become uncertain.

QCP: Yen Appreciation, Strong Employment and Energy Shocks Intertwine, Posing Tests to the Fed’s Policy Path This Year

QCP released its September 10 macro theme report, noting the yen has recently rallied sharply from near 160 to around 154, driven primarily by the Bank of Japan’s monetary policy normalization, carry trade unwinding, and a weaker U.S. dollar. Japan’s August foreign exchange reserves fell by $87.8 billion, with securities holdings declining by the same amount—likely tied to yen intervention funding arrangements, leaving the market on guard for further intervention risks. On inflation, QCP attributes this spring’s PCE inflation surge mainly to energy prices. From February to May, non-durable goods contributed roughly 0.85 percentage points to core PCE year-over-year growth, while energy alone accounted for about 0.89 percentage points; by July, energy’s contribution had dropped to 0.48 percentage points. Still, core PCE remains at 3.3%, meaning falling energy prices have not fully eased the Federal Reserve’s concerns over broad inflationary pressures. The labor market retains resilience: U.S. August non-farm payrolls added 162,000 jobs, far outpacing market expectations, with a combined downward revision of 55,000 jobs for June and July; the three-month average monthly job gain stands at around 71,000. QCP holds that the labor market has not shown clear signs of stalling, supporting the "soft landing" narrative, though household financing costs stay elevated. Meanwhile, shipping disruptions in the Strait of Hormuz leave the U.S. Strategic Petroleum Reserve (SPR) at just ~286.6 million barrels, near historical lows, meaning inflation risks from energy supply shocks remain persistent. Brent crude has recently rebounded above $100 per barrel. QCP poses a key question: If employment continues to hold resilient and inflation is driven mainly by energy, can the Federal Reserve keep policy rates on hold for the rest of the year? Should core inflation stay stubborn, expectations of policy tightening could heat up again.

DeepSeek Breaks the "Impossible Trinity" of Large Models: Stronger, Faster, and Cheaper

Insight: Beating AI Flash News – DeepSeek V4.1 Flash has nearly overhauled its entire architecture this time, aiming to simultaneously enhance performance, boost speed, and cut costs. Stronger: The model features 552 billion backbone parameters, plus an external Engram conditional memory module with 196 billion parameters. Pre-training utilized 45T multi-modal tokens, while post-training integrated a large volume of real agent tasks, tool environments, and failure cases. DeepSWE v1.1 scores 74.2%, surpassing Claude Opus 5 and GPT-5.6 Sol. Faster: The new CED architecture splits the 40-layer model into two halves. When reading prompts, only 8 billion parameters are activated per token, and just 16 billion during generation. Coupled with CSA2 cross-layer reuse and DSpark speculative decoding, the context window has been expanded from 4K to 1M (256x longer), with decoding computation per token increasing by only roughly a quarter. Cheaper: DeepSeek has further optimized KV cache to the maximum. The main cache is switched to FP4, plus cross-layer reuse, leaving global KV for each token at just 890 bytes, about 1/4 of V4 Flash; cache stored long-term on SSD or memory is further reduced to approximately 1/8. V4.1 Flash does not equate "stronger" simply to "more computation". While model scale continues to grow, only a small portion of parameters are adjusted each time; the context window is extended, yet the cache is compressed even smaller. Performance has improved, with speed and costs remaining uncompromised.

Analysis: Liquidity remains weak during Bitcoin’s current rally, and a strong breakout above the $80,000 threshold will trigger a genuine return of liquidity.

Crypto analyst Darkfost’s data analysis shows that despite Bitcoin’s roughly 45% recent rebound, liquidity remains weak, spot demand is still relatively soft, and the 90-day moving average of cumulative volume delta stays neutral. In futures markets, meanwhile, buyers have clearly gained the upper hand. Separately, stablecoin inflows to centralized exchanges (CEXs) have slowed. For instance, Binance’s stablecoin reserves have fallen nearly $70 billion from their peak; more inflows will be required for the market to reach higher levels. Darkfost also stated that Bitcoin’s technical outlook remains relatively optimistic, and a strong breakout above $80,000 would be a key threshold for liquidity to truly return.

South Korean stocks opened slightly higher, with SK Hynix rising 1% and Samsung Electronics edging down.

According to Bitget market data, South Korea’s KOSPI index opened 0.06% higher at 7055.77 points. SK Hynix rose 1%, while Samsung Electronics edged lower. Japan’s Nikkei 225 index opened 0.59% lower at 64755.71 points.

Canary Capital has launched the first U.S. Tron staking ETF, which begins trading today.

The first U.S. staking ETF linked to TRON (TRX) began trading on September 9, with the ticker symbol TRXS, and is issued by Canary Capital. The ETF not only offers exposure to TRX’s price, but also participates in the staking mechanism of the TRON network. Staking rewards will be included in the fund’s net asset value, providing traditional market investors with a new channel to access TRX and staking yields. Canary Capital noted that as stablecoins continue to gain global popularity, TRON has become an important infrastructure for digital asset payments and settlements. The TRON network is widely used for stablecoin transfers due to its low costs and high efficiency. Over the past year, Canary Capital has launched multiple crypto ETFs covering assets including HBAR, Litecoin, and XRP.

JPMorgan: A stronger yen will ease pressure on Japanese government bonds, while AI and semiconductor sectors may accelerate their recovery.

JPMorgan Securities Japan strategists noted that yen strength is expected to ease upward pressure on Japanese government bond (JGB) yields, thereby spurring an earlier recovery for Tokyo-listed AI and semiconductor sectors. Strategists including Rie Nishihara wrote in a report that the recently underperforming real estate sector could also stand to benefit. Some sectors are facing negative impacts on earnings from yen appreciation, such as transportation, logistics, and automotive industries. JPMorgan’s view on potential gains for Tokyo’s AI and semiconductor sectors stands in contrast to Saxo Bank’s global stock outlook for the same segments. Saxo strategist Charu Chanana previously stated that a yen rebound could trigger liquidation of some crowded and leveraged positions. (Jinshi)

Samsung Electronics inaugurates advanced semiconductor packaging R&D facility in Yokohama, Japan.

Samsung Electronics has inaugurated an advanced semiconductor packaging R&D facility in Yokohama, Japan. The company previously announced plans to invest approximately 40 billion yen over the five-year period starting in 2024 to expand the lab’s research hardware and boost its advanced packaging technology capabilities. The advanced packaging lab will collaborate with local Japanese firms, universities, and research institutions to develop next-generation packaging materials and processes. Samsung aims to grow the facility’s research team to more than 100 personnel by 2027.

Viewpoint: Bitcoin is less sensitive to changes in U.S. Treasury yields than gold, and may hold a stronger advantage as a "hard asset"

An analysis points out that against the backdrop of fiscal concerns pushing up global bond yields, the correlation between Bitcoin and gold’s price trends has continued to climb. Their 90-day return correlation coefficient currently stands at 0.59, the highest level since 2020. However, in terms of sensitivity to changes in the U.S. 10-year Treasury yield, Bitcoin exhibits stronger independence. Data shows that the 90-day correlation coefficient between BTC and the U.S. 10-year Treasury yield is only -0.17, while gold’s correlation coefficient with the same yield is -0.41, meaning rising bond yields have a relatively more pronounced suppressing effect on gold. This reflects that Bitcoin has a lower degree of linkage with the traditional bond market, and may possess stronger decoupling capability amid headwinds in traditional financial markets such as rising yields. Nevertheless, shifts in correlation do not mean Bitcoin can fully evade macro risks.

The crypto market continues its strong rally, with ZEC surging past $1,200 and Bitcoin bouncing back above $80,000.

Despite Friday’s stronger-than-expected non-farm payrolls data sparking market expectations of a Federal Reserve interest rate hike, the crypto market maintained an overall upward trend over the weekend. Among major cryptocurrencies, ZEC led the rally, breaking above $1200 this morning and currently trading at $1230, with a 19.5% 24-hour gain. Per HTX market data, Bitcoin rebounded above $80,000 this morning, now priced at $80,281.19, while Ethereum stands at $2515, with a 1.52% 24-hour increase.

Analyst: Bitcoin’s recent buying volume has hit its strongest level since the last bear market, with demand showing clear improvement.

CryptoQuant analyst Darkfost stated in a post that Bitcoin is facing the strongest buying pressure since the last bear market. The 365-day rolling cumulative net spot buying volume, denominated in U.S. dollars, has surpassed $83 billion, and this metric will remain in negative territory until March 2026. This indicator measures the gap between spot buying and selling volumes on major trading platforms, calculated as a 365-day rolling cumulative total. It signals a significant improvement in recent demand, with the market gradually building a positive trend. However, he warned that spot trading volume does not make up the majority of trading platform activity, as futures trading still holds a clear dominant position. Even so, based on the spot metric, market momentum is growing more positive.

Analysis: August non-farm payrolls appear strong on the surface, but underlying growth is only around 60,000, raising the probability of a Federal Reserve interest rate hike this year.

Analysts said that U.S. non-farm payrolls rose by 162,000 in August, significantly exceeding the market expectation of 56,000, with a total upward revision of 55,000 to the prior two months’ data. Specifically, July’s non-farm payrolls were revised from a decrease of 23,000 to an increase of 21,000. However, after excluding one-off factors such as the rebound in leisure and hospitality employment and government education sector hiring, August’s underlying employment growth was around 60,000, meaning the overall labor market is not as strong as the headline figures suggest. The report noted that the August unemployment rate held steady at 4.1%, the labor force participation rate rebounded to 61.6%, and the broad U-6 unemployment rate fell from 7.9% to 7.7%, indicating that returning labor supply was absorbed by corporate demand, with an improvement in employment quality. Yet year-on-year growth in average hourly earnings slowed further to 3.1% from the prior reading of 3.2%, lower than July’s 3.4% CPI growth, signaling the labor market has not re-heated. Regarding Federal Reserve policy, GF Macro stated that August’s non-farm payroll data refuted both extreme narratives of a “jobs collapse” and a “re-overheating labor market,” but objectively raised the probability of a rate hike this year, as the labor market’s resilience has reduced concerns about further policy tightening. However, whether the Fed will raise rates in September will still depend mainly on the upcoming August inflation data. In markets, following the data release, the implied probability of a September rate hike from the FedWatch tool rose from 50% to 58.6%, with 2-year and 10-year U.S. Treasury yields increasing by 4 basis points and 1 basis point respectively to 4.37% and 4.78%. Major U.S. stock indexes closed slightly lower, but the AI hardware sector bucked the trend, with the Philadelphia Semiconductor ETF (SOXX) rising 3%.

Microsoft’s MAI-Image-2.6-Flash variant offers strong cost-performance: 2.8x faster, with 1,000 images priced under $20.

Beating AI News Brief: Microsoft AI has launched MAI-Image-2.6-Flash, now available in public preview on Microsoft Foundry. The model is an accelerated variant of its flagship MAI-Image-2.6, supporting text-to-image, image editing, multi-image reference, real-time web information access, and automatic aspect ratio selection, with a core focus on cutting generation latency and costs. Speed is its key selling point: MAI-Image-2.6-Flash generates images 2.8 times faster than GPT-Image-2 Medium, with 72% higher GPU utilization efficiency. That said, it does not trade off image quality solely for speed. In Artificial Analysis’s current image editing leaderboard, MAI-Image-2.6-Flash ranks third with an Elo score of 1311, slightly higher than GPT Image 2 high’s 1309; it places eighth in text-to-image with an Elo of 1297. The flagship MAI-Image-2.6 performs better overall, currently ranking first in image editing and second in text-to-image respectively. On Microsoft Foundry, MAI-Image-2.6-Flash is priced at $19 per million tokens for image output, while the flagship MAI-Image-2.6 costs $38 per million tokens. After adjusting for representative images per Artificial Analysis, Flash’s cost is roughly $19.5 per thousand images, compared to GPT Image 2 high’s approximately $211 per thousand images.

Trump: Strong jobs data, yet the stock market is falling, and high interest rates are the culprit.

Trump released a post stating: "We just got outstanding jobs data. The market should rally given our improved credit and economic conditions, but as has been the case over the past 25 years, the stock market is falling anyway. This is because we live in a false reality where if things go well, we must 'kill it' out of 'fear' of inflation. It should be the opposite, and that is how things operated until 25 years ago. If we cling to this theory, we will never achieve the real economic prosperity our country deserves, because every time we perform well, foolish people immediately want to halt this positive upward momentum. Growth does not cause inflation! This morning, as soon as I saw these strong jobs numbers, I knew the market should have skyrocketed, but instead it dropped. Our GDP growth rate should be 15% to 20%, not 2%, 3% or 4%; the U.S. should be far more financially robust than it is now. Debt should be repaid, and all sorts of other benefits should be realized. Remember, every one percentage point increase in interest rates costs the U.S. $650 billion annually. We should adopt the lowest interest rates in the world, because we keep everything running and bring massive economic wealth to countries that might otherwise be struggling!"

Serenity: AI demand remains strong, and AI stocks will continue to rise.

Serenity released a report stating that despite a temporary market pullback, AI demand remains robust. Nvidia’s revenue growth was capped at 70% by supply chain constraints; without those limitations, it would have exceeded 100%. Serenity cited multiple indicators: Broadcom’s AI revenue is projected to surge from roughly $50 billion to $230 billion within two years, OpenAI’s Astra has surpassed AGI benchmarks and achieved self-training, compute resource imbalances reported by Microsoft, Google, and Amazon, and Nvidia’s forecast of $1.3 trillion in spending by 2027. It also highlighted supply chain signals: 70% of Samsung’s production capacity is locked in long-term agreements through 2031, Powertech’s advanced packaging capacity is fully booked through 2030, and Winbond has begun allocating orders for 2029-2030, implying that AI stock fundamentals will drive sustained gains.

Hassett praised the non-farm payrolls report data as "very strong".

U.S. White House National Economic Council Director Hassett praised the non-farm payroll report data as "very strong".

Samsung Electronics rose 2.6%, while SK Hynix gained over 4%.

According to Bitget market data, South Korea’s KOSPI index posted an intraday gain of 2.00%, Samsung Electronics rose 2.6%, and SK Hynix advanced more than 4%.

Ansem heaped praise on Bonk Guy, hailing him as a top trader, noting that no one is stronger than him and that he has repeatedly publicly successfully capitalized on major meme coin rallies.

Renowned trader Ansem heaped praise on fellow trader Bonk Guy (Unipcs) during a live stream, calling him "a truly top-tier trader." "In the previous crypto cycle, he publicly shared his profit and loss data—something almost no one was doing back then. After laying out his trading logic publicly, he nailed these tokens: earning over $10 million from trading BONK, buying WIF (dogwifhat) when its market cap was under $10 million, and the famous Fartcoin. In public settings, I don’t know anyone stronger than him; he’s hit the mark so many times. Bonk Guy has long publicly shared his trading ideas and repeatedly demonstrated the ability to capitalize on major meme coin trends."

Japanese and South Korean stock markets opened higher, with SoftBank rising 5.8%, and SK Hynix and Samsung Electronics both gaining over 2%.

According to Bitget market data, Japanese and South Korean stock markets opened higher: the Nikkei 225 index rose 0.27% at opening, SoftBank gained 5.8%, Kioxia rose 0.70%; South Korea’s KOSPI index opened up 1.2%, with SK Hynix and Samsung Electronics both rising more than 2%.

Fed Governor Christopher Waller takes a hawkish stance: If August inflation data comes in strong, he will consider supporting an interest rate hike in September.

Federal Reserve Governor Waller: If August inflation data continues the recent positive trend, he will support keeping the policy rate unchanged. If August inflation data comes in strong, he will consider backing a rate hike in September. A significant acceleration in inflation may not be necessary to justify a tighter policy stance.

The supply of USDT on the Tron network has risen to $942.7 billion, surpassing that of the Ethereum network.

According to Lookonchain's monitoring, the supply of USDT on the Tron network has increased by $4 billion over the past month, reaching $94.27 billion, surpassing the total USDT supply on the Ethereum network.

Over the past month, the $USDT supply on #Tron increased by $4B to $94.27B, surpassing the total supply on #Ethereum.

Over the past month, the $USDT supply on #Tron increased by $4B to $94.27B, surpassing the total supply on #Ethereum.

South Korea's KOSPI index dropped 4% intraday, with SK Hynix and Samsung Electronics each falling more than 4%.

According to Bitget market data, South Korea’s KOSPI index fell 4% intraday, currently at 6560.35 points. SK Hynix dropped 4.67% and Samsung Electronics declined 4.21%.

The crypto market has declined again, with Bitcoin briefly falling below $77,000, while UNI extended its strong performance to break through the $5.9 level.

According to HTX market data, escalating US-Iran tensions have pushed the crypto market into another downturn. Bitcoin fell below $77,000 this morning, currently trading at $77,300. Ethereum dropped below $2,400, SOL slipped below $100, and BNB is now at $683. The total cryptocurrency market cap has shed 1.5% in 24 hours, standing at $2.7 trillion. Top gainers include SC and ACE, surging over 30% in 24 hours; ONG, FF, FIL, and CHIP rising more than 10%. UNI extended its strong run, climbing 10.37% to $5.9. The primary catalyst for UNI’s rally is the explosion in real trading volume on Robinhood Chain, which has made Uniswap the leading DEX for tokenized stock RWAs on Robinhood. Daily tokenized stock trading volume once hit roughly $130 million, nearly a 10-fold increase in a month. Furthermore, since Uniswap’s v4 version fee switch launched on Robinhood on July 27, the chain has become a key contributor to its fee revenue. Meanwhile, altcoins including CRDOB, HEMI, PROM, MITO, and ZKC have dropped over 10%.

South Korea's KOSPI index opened 2.79% lower, with SK Hynix and Samsung Electronics both falling around 3%.

According to Bitget market data, South Korea’s KOSPI index opened down 190.62 points, a 2.79% drop, trading at 6645.18 points. Both SK Hynix and Samsung Electronics fell around 3%. Japan’s Nikkei 225 index opened down 1058.52 points, a 1.60% drop, trading at 65156.82 points.

Tom Lee: Crypto will be the asset with the strongest FOMO effect before the end of the year; if the Federal Reserve does not raise interest rates in September, US stocks may rally strongly.

Bitmine Chairman Tom Lee told CNBC in an interview yesterday that if the Federal Reserve holds interest rates steady in September, the stock market could see a "very strong" rally, making the Sept. 15 Fed meeting a potential turning point. Lee noted that against the backdrop of inflationary pressures and energy supply issues in 2026, the market has already priced in some rate hike expectations, and September's seasonal weakness paired with prevailing concerns might instead trigger an upside surprise. He also expressed bullishness on cryptocurrencies, stating that Bitcoin's recent rally is a "phase one" advance, institutional allocations to crypto will strengthen in the fourth quarter, and "the asset with the strongest FOMO effect between September and year-end will be cryptocurrency, especially ETH."

Viewpoint: Bitcoin’s rebound momentum remains strong, with institutional allocations and speculative leverage rising in tandem.

Glassnode noted in a report that Bitcoin is currently trading around $78,600, having largely held onto the strong rally it launched from the $64,000 zone at the end of August after earlier breaking above $80,000. The broader digital asset market still shows strong institutional demand, though activity in spot and derivatives trading has cooled in some segments. Meanwhile, price momentum has clearly exceeded the upper bound of its statistical range. The secondary market’s trading volume and spot Cumulative Volume Delta (CVD) indicate that the balance of buying power in the market may be shifting, while retail participation has also weakened. Traditional finance capital continues to flow into regulated crypto investment products. U.S. spot Bitcoin ETF holdings remain profitable and have maintained weekly net inflows. At the same time, short-term, price-sensitive capital is entering the market, coinciding with high options open interest and a rapid narrowing of volatility spreads—signaling that market participants may be underestimating short-term volatility risks. On-chain data also reflects a pattern of "active settlement but weakening user participation": entity-adjusted transaction volumes are significantly above normal levels, while daily active addresses and total fee revenue have declined slightly. Overall, the Bitcoin market is in a transition phase from a strong rally to structural divergence. Sustained institutional capital allocation and a rebound in on-chain valuations are providing market support, though speculative leverage is rising and signs of short-term capital selling have begun to emerge. The market’s fundamentals remain solid, but short-term volatility and correction risks are on the rise.

Trump strongly pushes for data center construction: Don’t kill the goose that lays the golden eggs

U.S. President Trump posted on social media that the sole reason communities across the country are reluctant to build data centers is their desire to fall behind and remain poor. If they want to achieve success, get wealthy, see substantial tax cuts, and have abundant jobs, then let data take charge of everything. The good news is that many other regions warmly welcome data centers. If we kill this goose that lays golden eggs, we will bear full responsibility.

Rockchip's stock price hit the daily limit today, driven by strong sales of its open-source robot Microduck.

Pollen Robotics, a subsidiary of Hugging Face, recently launched the open-source bipedal robot Microduck, priced at $399 and standing about 25 cm tall. The robot supports functions including walking, object grasping, autonomous recovery after falling, and can even wear roller skates. Within six hours of its launch, its order value exceeded $1 million, and surpassed $2.6 million within 24 hours. At the $399 price point, this translates to roughly 6,500 pre-orders, with current new orders facing a delivery lead time of 4 to 6 months. Notably, Microduck’s main control unit uses China-based Rockchip’s RK3566 chip; its on-board computing platform operates 15 motors, a camera, LiDAR, and runs the robot’s 50Hz policy loop. After today’s A-share market opened, Rockchip’s stock price immediately hit the daily limit, with market analysts citing the strong sales of Hugging Face’s Microduck as a key catalyst for the stock movement.

South Korea's KOSPI index closed up 0.46%, with SK Hynix and Samsung Electronics rising more than 1%.

According to Bitget market data, the Nikkei 225 index closed down 93.63 points today, a 0.14% decline, at 66,311.93 points. South Korea’s KOSPI index closed up 31.22 points today, a 0.46% gain, at 6,820.1 points. The index fell more than 3% at one point during the trading session, while SK Hynix and Samsung Electronics each rose over 1%.

Following its listing on Binance derivatives, the token "牛来" extended its strong run, with its market capitalization surging past $140 million to reach a new all-time high.

According to GMGN market data, after launching on Binance Futures in the evening, BSC-based meme coin "Niu Lai" has shown strong performance, with its market cap briefly surging past $140 million to hit an all-time high. It is now trading at $130 million, up over 159% in the past 24 hours, with a 24-hour trading volume of $63.6 million. BlockBeats reminds users that most meme coins have no real use cases, experience significant price volatility, and caution is required for investments.

Analysis: BTC marks the third time in history of significant underperformance relative to the Nasdaq, with both prior instances seeing strong, independent rallies.

Analyst Rekt Fencer has published a 3-day ratio chart of Bitcoin (BTC) and the Nasdaq, marking three major drawdowns: roughly -84.9% in 2018, -80.7% in 2022, and the current -54.3% in 2026. The analyst pointed out that after Bitcoin underperformed the Nasdaq by such wide margins in the prior two instances, it went on to post very strong independent rallies, with prices surging sharply thereafter. With the current ratio dropping significantly again, history may repeat for the third time: the bottom is approaching, and BTC will regain strength going forward.

Analyst: Bitcoin’s realized market capitalization has notched its strongest growth since the start of the current bear market, adding over $4.6 billion in the past week.

CryptoQuant analyst Darkfost stated that Bitcoin’s weekly realized market capitalization has continued to rise, increasing by more than $4.6 billion over the past week, indicating that capital inflows are supporting BTC’s current rally. This marks the strongest realized market cap growth for Bitcoin since it entered the bear market, with its trend pattern also resembling certain phases of the previous bear market. Realized market cap growth does not fully equate to new capital inflows, as some investors who bought at high levels may choose to sell at a stop-loss, thereby forming new UTXOs at lower realized prices. However, judging from BTC’s concurrent price movement, market demand still outweighs the associated selling pressure. He noted that while this change is a noteworthy short-term signal, its overall magnitude remains limited: the 30-day average change rate of realized market cap is only 0.4%, which is currently insufficient to confirm a sustained shift in market trend, requiring further data for validation.

AI Agent Scientific Task Field Test: The Strongest Performer Only Completes 20.6% of Tasks Fully

Dongcha’s Beating AI News reports that Apodex, a new AI project under Chen Tianqiao, has released FrontierChallenge, a scientific agent benchmark that tests whether AI can complete tasks end-to-end using 97 real-world scientific workflows. Twelve leading models participated in the test, with the best performance reaching only 20.6%. GPT-5.6 Sol + Codex and Grok 4.6 + Claude Code tied for first place, each fully completing 20 tasks. The test also found that agents often claim to have finished tasks even when they are incomplete. Among 10 model groups using Claude Code as the agent framework, 75.5% of 849 failed tasks were falsely reported as completed. On the other hand, all participating systems scored an average of 94.9 on electrochemistry and environmental science tasks, but none fully passed any task. This benchmark explicitly separates "mostly correct" results from "truly completed deliverables". The ranking compares models plus agent runtime frameworks, not bare models alone. The official also reminded that each system is allowed only one run per task, so small score gaps should not be directly interpreted as a stable model ranking.

Jensen Huang fuels AI trading momentum, US three major stock indexes rebound, crypto assets rise steadily, HYPE hits a new all-time high, SOL stages a strong rebound.

Boosted by Jensen Huang’s “AI inflection point” remarks after the previous trading day’s close, all three major U.S. stock indexes rose on Thursday: the Dow Jones Industrial Average closed up 0.2%, the S&P 500 gained 0.7%, and the Nasdaq climbed 1.57%. According to market data from BIT (bit.com), among top-performing stocks: Micron fell 0.28%, SK Hynix rose 2%, and Tesla gained 2.6%. Semiconductor stocks rallied broadly: Broadcom climbed 4.49%, Arm advanced 1.65%, and Nvidia jumped 8.7%. However, most AI stocks did not follow Nvidia’s rally, posting only limited gains. Among CPO-related stocks, AAOI dropped 0.42% and LITE rose 1.82%. Memory stocks were mixed, with SanDisk down 0.96%. Software giant Salesforce announced a deep partnership with U.S. AI leader Anthropic to launch Agentforce, directly easing market concerns that “AI would destroy software companies.” Boosted by the news, Salesforce’s stock surged 22.58% in a single day, marking its best daily performance since August 2020. The cybersecurity sector also rallied. CrowdStrike’s Q2 revenue and forward guidance both exceeded expectations, driving its stock up 20.50% in a single day, its best daily performance since its 2019 IPO. The crypto market continued its steady upward trend. According to HTX market data, overnight, SOL surged past the $110 mark and is currently trading at $108.12, with a 24-hour gain of 1.82%. HYPE hit a new high, now trading at $84.78. Bitcoin consolidated above the $80,000 level, currently at $80,179. Additionally, influenced by Trump’s negative stance on a ceasefire with Iran, Bitget data shows WTI crude hit an intraday high of $84.24, closing up 1.58% at $83.53. Brent crude rose 2.12% to close at $89.70.

Goldman Sachs: Nvidia projected to see 70% revenue growth in fiscal 2028, with AI demand outlook remaining strong.

Goldman Sachs analyst Jim Schneider told CNBC in an interview that NVIDIA’s just-released fiscal 2027 second-quarter results beat market expectations, while its next-quarter revenue guidance also exceeded analyst projections. Driven by the company’s optimistic outlook for revenue growth in the coming fiscal year, NVIDIA’s stock rose roughly 4% in after-hours trading. Schneider noted that NVIDIA expects to post around 70% revenue growth in fiscal 2028, a sign that demand for AI infrastructure remains robust. The market’s current focus has shifted from short-term performance to whether the AI computing power investment cycle can sustain, and whether NVIDIA’s multi-year high growth expectations will be delivered.

Coincheck has completed registration as a Japanese electronic payment service provider, and will enter the stablecoin and on-chain finance sectors.

Japanese crypto asset service provider Coincheck announced it completed registration as an electronic payment and transaction services provider on August 27, 2026, becoming the second company in Japan to obtain this type of stablecoin-related license. Coincheck stated that it will build on its prior partnership with U.S.-based Circle to expand use cases for USDC in Japan, and gradually roll out stablecoin and on-chain financial businesses. The company noted that stablecoins, which offer price stability pegged to fiat currencies, enable all-weather, fast, and low-cost transfers and payments.

Justin Sun: Bitcoin will take a long time to achieve quantum-resistant consensus, and Tron plans to upgrade to a quantum-resistant network by the end of this year.

Justin Sun stated at Hong Kong’s "Bitcoin Asia 2026" conference that quantum threats pose a widespread risk to blockchain technology and the entire global financial system, with traditional banks including JPMorgan also facing such risks. However, due to the Bitcoin community’s high level of decentralization—encompassing multiple participants such as miners, exchanges, and WBTC—reaching consensus on anti-quantum measures would take a long time. Sun also noted that TRON has been developing anti-quantum mechanisms over the past year; it released an anti-quantum address scheme in the first half of this year, which has been deployed on the testnet, and plans to upgrade its entire network to an anti-quantum mainstream cryptocurrency network by the end of this year.

CZ: Unable to predict crypto hotspots for the next bull run; both RWA and AI are very strong, while existing narratives will also continue to develop.

Binance founder CZ stated at the Bitcoin Asia 2026 conference: "As for crypto hotspots in the next bull market, right now, RWA and AI are both very strong. Stablecoins will continue to grow, centralized exchanges will keep expanding, decentralized exchanges (DEX) will also grow, meme coins will keep rising, NFTs may make a comeback in some form, and DeFi will continue to expand. So I think many sectors will keep growing. I don’t know what the next big hotspot will be—it’s hard to predict. You know, in early 2017, I wouldn’t have predicted ICOs, yet half a year later we were already doing ICOs; six months before the NFT boom, I also couldn’t have foreseen it. So predicting the next big thing is very difficult. I believe it depends on entrepreneurs—like all of you here and those outside—you are the ones who create the next major trend. That’s pretty much all I have to say."

Bill Gates strongly backs Ray Dalio: People are attacking the person who is most willing to openly discuss negative risks.

Beating AI Express News: Bill Gates Rarely Publicly Backs Anthropic CEO Dario Amodei. Gates pointed out that recent AI advances have far exceeded his expectations. After thoroughly studying Claude Code this year, even in programming—an area he is familiar with—he was shocked: “Many of these AIs are already better than me in many aspects.” He warned that AI could sweep across industries, causing mass unemployment; an even more extreme risk is that a small number of people could design new pathogens using advanced AI. Dario has long publicly warned about AI risks. This year, he clashed openly with the Pentagon over his insistence on restricting Claude from being used for large-scale domestic surveillance and fully autonomous weapons lacking reliable safeguards. His warnings have also strained his relations with the White House and many in the tech industry. Gates said bluntly: “People are attacking the person who is most willing to openly talk about negative risks.” He then shifted his criticism to the entire AI sector. He noted that those who truly understand AI’s capabilities are privately “very worried,” but many executives are reluctant to admit this publicly because the industry still has “the next trillion-dollar” in financing to pursue. He argues that huge commercial interests are leading the industry to actively downplay risks. Gates believes corporate self-regulation can no longer be relied on. He advocates establishing domestic and international AI regulatory systems, including mandatory reviews of high-risk capabilities that could be used to create new pathogens; designating some roles as “Human Reserved Positions” that must be performed by humans; and imposing taxes on AI tokens and robots to slow the pace of machine replacement of humans, using the tax revenue to support the unemployed.

Institutions: Nvidia's Earnings Strongly Validate the Investment Logic for AI Infrastructure

Saxo Bank Chief Investment Strategist Charu Chanana stated that NVIDIA (NVDA.O)’s earnings results strongly validate the investment thesis for AI infrastructure. She pointed out that as production capacity continues to expand, sectors including storage, networking, optical communications, power infrastructure, and some cloud service providers will all benefit. However, the market is increasingly requiring AI investments to deliver returns. Storage remains one of the most clear beneficiary areas, and NVIDIA’s margin guidance confirms that supply remains tight. After NVIDIA’s earnings release, Asian storage chip stocks generally rose. But Chanana added that the next phase of the storage chip rally will increasingly depend on AI demand and whether the storage capacity equipped on each accelerator can absorb the growing supply capacity, rather than just relying on supply shortages to drive price increases.

Institutions: AI infrastructure will continue to underpin Singapore’s electronics industry.

Economists at Maybank said that although Singapore's electronics industry growth has slowed to an 11-month low, the sector will still benefit from global artificial intelligence (AI) infrastructure development. Singapore's electronics sector output rose 11.2% year-on-year in July, down from 21.1% in June, partly due to a high base effect from the same period last year. Maybank stated: "Although the electronics sector's output growth has slowed, we believe the AI boom is unlikely to end anytime soon." Meanwhile, demand for Singapore's semiconductor equipment remains robust amid global chip manufacturing capacity expansion. Maybank noted that Singapore holds a significant share of the global semiconductor equipment manufacturing market, at around 20%.

Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to NVIDIA in the second half of the year.

Samsung Electronics and SK Hynix plan to increase their supply of NVIDIA’s 8-layer HBM4 memory in the second half of this year. The move is primarily driven by NVIDIA’s supply strategy, aimed at ensuring stable supply of all types of HBM memory while also managing product heat generation. It is understood that the 8-layer memory is highly likely to become the flagship product of the next-generation HBM4E.

South Korea's KOSPI index rose more than 2% intraday, with Samsung Electronics up 2.63% and SK Hynix gaining 3.04%.

According to Bitget market data, South Korea’s KOSPI index posted an intraday gain of over 2%. Samsung Electronics rose 2.63%, while SK Hynix gained 3.04%.

TRON reached 400M total users in just 8.16 years, much faster than Bitcoin and Ethereum.

TRON reached 400M total users in just 8.16 years, much faster than Bitcoin and Ethereum. Bitcoin took 9.4 years to reach 400M users, while Ethereum took over 10 years.

South Korea's KOSPI index opened 0.53% higher, Samsung Electronics rose 1.36%, and SK Hynix gained 1.32%.

According to Bitget market data, South Korea’s KOSPI index opened 0.53% higher. Samsung Electronics rose 1.36%, and SK Hynix gained 1.32%. Japan’s Nikkei 225 index opened down 342.29 points, a 0.52% decline.

Wall Street’s latest ratings on Tuesday: Goldman Sachs raises Coinbase’s price target, AMD earns a "Strong Buy" rating, and Nvidia and others have their "Buy" ratings reaffirmed.

Several Wall Street institutions have released updated individual stock ratings and target price adjustments. Goldman Sachs raised Coinbase’s target price from $173 to $196, maintaining its "Buy" rating, noting that a sustained improvement in the crypto market environment and growth in new businesses such as derivatives and prediction markets will bring additional upside potential for COIN. Raymond James upgraded AMD’s rating from "Outperform" to "Strong Buy" and lifted its target price from $565 to $641. Bank of America maintained "Buy" ratings for NVIDIA, Marvell, and Micron (MU), stating that semiconductor stocks including NVDA, MRVL, MU, and AMD offer more attractive allocation opportunities. Additionally, Canaccord maintained a "Buy" rating for Strategy, raising its target price from $130 to $175. Wolfe maintained an "Outperform" rating for Netflix, increasing its target price from $84 to $95. In other rating moves, Morgan Stanley upgraded Dynatrace to "Overweight"; UBS upgraded Fluence to "Neutral"; Wolfe upgraded Moderna to "In Line With Sector"; Wells Fargo upgraded Shift4 Payments to "Overweight".