Jiang Zhuoer: "AI bubble may burst once incremental funds dry up"

Coinbase Developer Platform tweeted that Coinbase for Agents is now available on Grok. Users can connect their Coinbase accounts to Grok, enabling them to use natural language to have Grok execute transactions, conduct analysis, and automate financial workflows, without needing to manually configure MCP.

Crypto KOL Qwerty today addressed Binance’s management team in Chinese on X, urging the exchange to slow down its token listing pace. He stated, “New Alpha projects are listed almost every day now, and around 75% of these Alpha projects eventually make their way to Binance’s derivatives or spot markets. As the listing pace accelerates, the scarcity, credibility, and value that once defined Binance’s listings are gradually being eroded. I sincerely hope Binance can appropriately slow down its listing speed, focus more on the authenticity of projects and communities, and reserve opportunities for projects that truly have real culture, real users, strong communities, and are truly worthy of Binance’s recognition.” Notably, Qwerty, a top KOL on the FOMO platform, was just followed by Binance co-founder He Yi on September 5. Additionally, he is the second-largest individual whale holder of “Niu Lai,” a token Binance listed on its spot market yesterday. Recently, Binance launched spot trading for MarsCoin and Niu Lai, but both tokens have underperformed since their listings. MarsCoin’s price even halved within four days of its spot listing.

In its latest macro report, BCA noted that in Q1 2026, IT investment in software, hardware, and data centers contributed 0.8 percentage points to U.S. real GDP growth, marking a new high this century. When compared to the 1990s tech investment cycle, current AI capital expenditure could still persist for another three to five years. The institution added that improved data center revenue and profit margins have laid the foundation for continued expansion among hyperscale cloud providers. Even if the commercialization of frontier large models faces price wars, falling model usage costs may drive more enterprises to adopt AI, further boosting demand for computing power, servers, electricity, and data centers. However, BCA also warned that a key variable to watch may come from equity supply. The report identifies "mega-IPOs" as a critical alarm for overheated markets: when large new listings surge and financing scales expand rapidly, market liquidity will be siphoned off, and valuation expansion is more prone to stalling. Its historical charts show that within two years of major IPOs, the S&P 500 index has averaged a peak-to-trough drawdown of around 24%. BCA’s judgment is that AI capital expenditure will still underpin earnings and growth, but mega-IPOs, financing conditions, and rising yields will determine when this rally shifts from "earnings-driven" to a "liquidity test."

Nate, founder of Robinhood-linked meme coin launch platform Long.xyz, announced in a post that he plans to roll out two updates tomorrow. Nate had previously teased that he would "develop an issuance mechanism independent of blockchains, crypto, and the meta-cycle."

According to the latest data from CoinMarketCap, as of last week, the total value locked (TVL) of the global tokenized stock market reached $2.55 billion, the number of holders exceeded 1 million, on-chain trading volume hit $1.7 billion, and active traders rose to 235,000. Among the platforms, bStocks accounted for 26% of the total TVL but contributed 88% of the entire market’s on-chain trading volume, making it one of the most active platforms in the current tokenized stock market. Ondo held a 42% share of the TVL, with its corresponding trading volume making up only 2% of the total; xStocks took 32% of the TVL, while its trading volume share stood at 10%. The data shows that nearly 90% of global tokenized stock trading volume comes from bStocks, reflecting growing user participation in on-chain stock trading.

According to TradingBeats’ monitoring, the address starting with 0xc8b5 — which netted nearly $11 million from SK Hynix (SKHX) — has set take-profit plans for its semiconductor storage long positions over the past two days, totaling $34.708 million. This includes yesterday’s SK Hynix (SKHX) position-reduction sell orders, and today’s additional ~$15.975 million in take-profit limit orders for Micron (MU). At 15:41 yesterday, the address placed 100 SKHX "position-reduction only" sell orders between $1,450 and $1,500, totaling ~9,663.8 units worth $14.254 million. These orders remain active and cover nearly all of the address’s SKHX long positions. At 00:39 today, the address added another 100 MU "position-reduction only" sell orders between $1,050 and $1,080, totaling 15,000 units worth $15.975 million. Combined with prior orders, its MU position-reduction sell orders now total 186, placed between $1,049 and $1,080, for a total of ~$20.454 million, covering all 19,257.65 MU long positions. MU is currently trading at ~$1,023.2, and would need to rally 2.5% to 5.6% to enter its take-profit order range. The address currently holds ~$13.372 million in SKHX long positions, with an unrealized profit of ~$413,000; its MU long positions are worth ~$19.704 million, with an average entry price of $1,037.19, still showing an unrealized loss of ~$269,000. Prior development: "Whale Tracking" — a smart money initiative in the semiconductor storage sector — planned to take profit on SK Hynix at $1,415. On-chain perpetual contract and address analysis tool TradingBeats is now live, supporting real-time Hyperliquid data access, tracing whale operations from their addresses, and delivering comprehensive in-depth analysis.