BlackRock: Bitcoin market sentiment is shifting, with a gradual decoupling trend from U.S. stocks emerging.

TF International Securities analyst Ming-Chi Kuo stated in a recent research note that recent market rumors claim TSMC, due to tight DRAM supplies, has stockpiled around $10 billion worth of unfinished Apple 2nm processors, delaying their packaging process, citing TSMC’s Q2 earnings call comment that “the increase in inventory days is mainly due to the ramp-up of 2nm mass production” as evidence. However, his industry research shows that Apple’s hardware shipments this year have indeed been cut due to storage supply shortages, but Apple places processor orders with TSMC at least three months in advance, planning production based on available storage supply rather than asking TSMC to mass-produce unfinished processors ahead of time. Kuo noted that this does not mean TSMC does not produce and hold unfinished processors in advance, but if the supply bottleneck is not on TSMC’s end, such actions offer no clear practical benefit, and Apple has little reason to pay extra to request TSMC to do so. Therefore, he believes the scenario of “TSMC stockpiling $10 billion worth of unfinished processors and waiting for storage supplies to arrive for packaging” has not materialized. He further emphasized that TSMC’s Q2 inventory days rise cannot be directly linked to Apple’s unfinished processors. First, TSMC’s inventory days typically increase during the ramp-up of new advanced process mass production in the past; second, TSMC’s inventory includes not only unfinished products but also finished goods, raw materials, components, and spare parts; third, this year’s 2nm clients are not only Apple, but also IC design firms including AMD and MediaTek.

According to on-chain analyst Yu Jin’s monitoring, Ethereum treasury firm BitMine bought ETH after a price dip, and received 13,000 ETH (valued at $24.36 million) from BitGo five minutes ago.

A source familiar with the matter told Jinshi that Apple (AAPL) still plans to launch a fully upgraded, glass-centric iPhone next year to mark the 20th anniversary of the iPhone's debut. Earlier, an analyst report had claimed that this plan had been scrapped.

As #oil prices rose, trader 0x0000's $BRENTOIL short was fully liquidated, losing $1.33M.

Bitwise Head of Research Ryan Rasmussen said that as the stablecoin market expands to a multi-trillion-dollar scale, investors are underestimating Circle’s growth opportunities. He projects the stablecoin market will grow from its current roughly $300 billion size to $3 trillion to $5 trillion, adding that with the gradual formation of the U.S. stablecoin regulatory framework, Circle holds a first-mover advantage thanks to its existing market share. Rasmussen noted that Circle’s opportunities extend beyond earning more reserve revenue as stablecoins scale; the firm is building payment infrastructure for the stablecoin financial system, a segment the market is “severely undervaluing.” He stated: “Looking back in five years, Circle won’t just be a stablecoin giant—it’ll also be a payments giant,” comparing its potential development path to global payment firms like Visa and Mastercard. On competition from traditional institutions such as banks and consumer companies launching their own stablecoins, Rasmussen does not view this as a major threat to Circle. He argued that the overall market growth pace is likely sufficient for Circle to continue expanding even as competitors rise, with the key being the company’s ability to consistently execute as the regulated stablecoin market develops. Additionally, Rasmussen said Circle’s Arc blockchain will test whether the firm can expand beyond stablecoin issuance into payment infrastructure. Over the next year, what merits attention is whether Arc gains adoption and integrates with traditional financial systems, and how Circle’s business model will evolve as stablecoins become more mainstream and new infrastructure grows.

According to an official announcement, Bithumb will list the DAPPOS (DOS) KRW trading pair.