US Stock Futures Dive Further

Tom Lee, chairman of BitMine – the largest Ethereum treasury company – said in an interview that most investors perform poorly in growth investing. One of their biggest mistakes is focusing too much on a project’s current activities, rather than what new technologies could enable it to become. Lee notes that growth investing requires establishing clear baseline scenarios and fully understanding the potential total market size. Investors often assume future opportunities are limited to the current market, leading them to underestimate a project’s growth potential. While new technologies bring uncertainty, speculation, and innovation, most investors tend to prioritize risks over underlying opportunities.

DCG-owned Zcash mining firm Fortitude Mining Holdings has appointed former Hut 8 CEO Jaime Leverton as its new chief executive officer, effective September 21. Incumbent CEO Andrea Childs will transition to the role of chief operating officer. Leverton most recently led institutional digital asset management firm ReserveOne, and prior to that served as CEO of Bitcoin mining company Hut 8. The announcement comes as Fortitude enters a critical stage in its plan to go public via a proposed merger: the firm revealed in June it will combine with Nasdaq-listed HeartSciences (HSCS), with the transaction expected to close in the fourth quarter. Post-merger, the combined entity will operate under the Fortitude name and trade on the Nasdaq under the ticker symbol "TUDE".

According to Lookonchain’s monitoring, the address associated with BlackRock’s ETF has deposited 54,096 ETH (valued at $131.7 million) and 2,015 BTC (valued at $153.8 million) into Coinbase Prime.

BlackRock just deposited 54,096 $ETH($131.7M) and 2,015 $BTC($153.8M) to Coinbase Prime.

Serenity stated in a report that it holds an extremely bullish outlook on traditional and mature-process memory chips, noting their price increases far outpace the 17%-21% rise in GPU rental rates announced by Nebius on the same day, as well as price hikes for MLCC capacitors from Taiyo Yuden and Murata. Serenity projected the following additional price increases in the second half of the year or third quarter: SLC NAND will climb 120%-170% in H2 compared to H1; high-capacity NOR Flash will rise another 90%-110%; DDR3/DDR4 will increase roughly 50%; DDR2 will see a 35%-40% jump in Q3; LPDDR will rise 20% or more in Q3; and DDR1, older LPDDR variants, and PSRAM are also trending upward. These increases are on top of price hikes that already occurred in the first half of the year. Serenity emphasized that SLC NAND prices have already surged 130%-150% in H1, meaning the full-year 2026 cumulative increase could reach 406%-575%. This sharp price surge will drive gross and net profit growth more than offsetting the impact of rising upstream wafer costs—for example, Powerchip’s DRAM wafers have risen around 45%. As a result, multiple fabless firms focused on traditional memory chips are expected to post very strong third-quarter financial results.

Per Bitget market data, spot gold and silver prices have rallied in the short term. Spot gold jumped nearly $15, hitting $4,350 per ounce, with a 2.07% intraday gain. Spot silver rose $0.4 in the short term, currently trading at $64.63 per ounce.