Muse divides e-commerce giants into two camps: Amazon bans crypto-related operations, Shopify embraces them.

Standard Chartered stated that after the Federal Reserve raised interest rates by 25 basis points last week, gold did not continue to weaken, and the traditional inverse correlation between gold and real interest rates is fading. The bank forecasts that the average gold price in the fourth quarter of 2026 will reach $4,650 per ounce, higher than the current average of around $4,350 in the third quarter. Suki Cooper, head of global commodities research at Standard Chartered, noted that structural factors including de-dollarization, currency depreciation, and sustained official sector gold purchases are underpinning gold prices. Data shows that the correlation coefficients between gold and 10-year and 30-year U.S. Treasury yields are currently near -20% and -10% respectively, while the inverse correlation between gold and 2-year and 5-year real yields has also weakened significantly. Meanwhile, capital inflows into gold ETFs have continued to recover, with August seeing inflows of 121 tons, the highest level since September 2025. Standard Chartered believes that speculative positions in gold are not currently overly crowded; profit-taking ahead of the September Fed meeting has partially reduced long positions, so further selling pressure after the rate hike is limited. However, Standard Chartered views the U.S. dollar as the main short-term risk facing gold. The bank’s economists forecast another Fed rate hike in December, followed by unchanged rates throughout 2027. Cooper added that the inverse correlation between gold and the U.S. dollar is currently significantly stronger than its correlation with real interest rates, and further strength in the dollar could exert short-term pressure on gold prices.

Insight Beating AI News Flash: Veteran chip designer and hardware analyst Mr. Bubble stated in an interview on the Frictionless Podcast that the core bottleneck of AI computing infrastructure is shifting from simply boosting chip computing power to advanced packaging, system interconnection latency, and storage tier management. Mr. Bubble noted that the rapid rise in costs of advanced process nodes and the limited growth in transistor density have put traditional Moore’s Law under economic challenges. Instead of continuing to shrink process nodes, the industry is increasingly using advanced packaging to connect multiple chips into a single computing system. He pointed out that the basic unit of AI computing power in the future may no longer be a single chip or server, but a complete rack or even multiple racks, with PCB, packaging, and interconnection capabilities emerging as key limiting factors. On the storage front, he argued that as AI inference context windows expand, massive historical context data should not all occupy expensive High Bandwidth Memory (HBM). The industry may increasingly adopt flash memory offloading, keeping high-frequency data in HBM while migrating low-frequency context to larger-capacity, lower-cost storage layers. He further projected that 3D DRAM could become a key direction for next-generation memory technology. Regarding AI infrastructure investment, Mr. Bubble believes that as prefill and decoding gradually adopt a decoupled architecture, the importance of system-level hardware design will further rise. He also noted that compared to directly betting on large language model companies, enterprises with hardware, packaging, storage, and other key infrastructure capabilities may play a more long-term role in the AI industry chain.

According to Farside's monitoring, U.S. spot Ethereum ETFs recorded a net inflow of $270 million yesterday, marking two consecutive trading days of large net inflows.

Cardano has been integrated into the official x402 software suite, enabling developers to build applications and AI agents that support payments in ADA and Cardano network tokens, allowing AI agents to complete on-chain payments directly for services like online data and computing resources. Launched by Coinbase in 2025, x402 converts the HTTP "402 Payment Required" status code into a native payment mechanism: service providers return pricing and payment instructions, AI agents sign transactions and access data or computing services after payment verification, eliminating the need for manual account registration, bank card details input, or subscriptions. Cardano Foundation engineers finalized the relevant specifications in June this year, and developed the client, server, and Facilitator component responsible for transaction verification and submission. The first version currently supports TypeScript, with a Python version planned for future release. However, the Facilitator has only completed actual transaction tests on Cardano’s pre-production network and has not yet been deployed on the mainnet, so it cannot yet be confirmed that ADA has achieved large-scale commercial AI agent payments. Solana, the XRP Ledger, and multiple Ethereum-compatible networks already support x402, and Cardano is joining the competition in AI agent machine payment infrastructure.

Beating AI News: JPMorgan Chase CEO Jamie Dimon stated that the global "hyperscale cloud vendor ecosystem" – including large cloud computing firms and their upstream and downstream suppliers – is expected to spend approximately $700 billion on AI infrastructure this year, more than doubling from around $300 billion last year, and could further exceed $1 trillion by 2027. Dimon noted this round of AI investment is expanding into data centers, chips, servers, power, and industrial infrastructure, with annual new investment equivalent to roughly 1% of U.S. GDP, which may drive inflation in the short term. As AI data center construction accelerates, infrastructure such as land, power, transformers, gas turbines, and transmission lines has also become new investment priorities. He also pointed out that not all AI investments will generate clear returns in the short term; some outlays are closer to costs tech giants must bear to maintain their competitive positions. The market is increasingly focused on whether, as AI infrastructure investment moves toward the trillion-dollar scale, related revenues and cash flows can cover the continuous expansion of capital expenditures.

According to HTX market data, established meme coins are seeing a broad rally, with the following 24-hour gains: PEPE up over 32%, DOGE up over 18%, FLOKI up over 15%, WIF up over 27%, SHIB up over 12%, and BONK up over 16%.