for

According to Yahoo Finance, SkyBridge Capital founder Anthony Scaramucci stated in a CNBC interview that the current narrow fluctuations in Bitcoin are due to three factors: miners shifting resources to AI, capital flowing into AI investments, and the position of cryptocurrency in the four-year market cycle.He still expects Bitcoin to rise to $100,000, but the next catalyst may take 20 months to arrive. He pointed out that Bitcoin is in a "clear bear market," but the current decline is only about 55%, far lower than the previous cycles' 75%-80%, which is actually a positive signal—indicating that there are many net buyers preparing for the next bull market. Over the past three months, Bitcoin has only outperformed the S&P 500 on about one-third of trading days, but on Monday and Tuesday of this week, it outperformed the major U.S. stock indices for two consecutive days.

Due to investors remaining cautious before the release of the Federal Reserve's July meeting minutes, the dollar weakened.Recently, weak U.S. labor market data and moderate inflation data have led the market to lower its expectations for a rate hike by the Federal Reserve.The dollar index DXY fell by as much as 0.2% to 99.472.

AI chip startup Etched recently completed a $700 million financing round at a valuation of $21 billion, but its technology claims are facing industry skepticism. The well-known hacker George Hotz's AI computing team, the tiny corp, publicly criticized Etched's marketing approach: there are many investors, orders, and hardware photos, but there is too little third-party data to truly verify performance.Etched's core selling point is LVI (Low Voltage Inference) technology, claiming it allows trillion-parameter sparse MoE chips to run at over 80% of theoretical peak computing power (MFU). Chip design professional Wesley Yue raised technical doubts about this: high MFU does not necessarily represent absolute performance—if the chip's peak computing power is low, even with an 80% utilization rate, actual performance may still lag behind competitors. Yue believes that Etched's design "does not make sense from first principles" and may be a result of repackaging after its early Transformer ASIC faced power consumption issues.Etched has not yet disclosed complete computing power, power consumption, and third-party benchmark data; the official website only states that "early customer tests have reached leading levels," and detailed performance data will be "released later." There is currently no evidence to prove that Etched is fraudulent. Etched has not publicly responded to this matter.

The long-established public chain Gnosis Chain's proposal GIP-153 to transform from a sovereign independent L1 to a highly aligned Ethereum L2 has officially been approved. On the eve of the voting deadline, several official affiliated addresses, including Gnosis co-founder StefanDGeorge, concentrated their votes in favor, successfully meeting the quorum requirement. This proposal was jointly initiated by Gnosis founder tw_tter and core members, aiming to free Gnosis Chain from the traditional PoS L1's insufficient security and inflation subsidy drawbacks, directly inheriting the security of Ethereum validators, and becoming the first to achieve synchronous composability as an Ethereum L2.

CryptoQuant analyst Darkfost posted that retail demand for Bitcoin is increasing and is close to the highest level in the past two years. Historical data shows a clear correlation between the growth of retail demand and local peaks in Bitcoin prices.Currently, the rebound of Bitcoin is weak, but retail demand has surged sharply. The analyst believes this may reflect the "impatience" of this group— they have become more sensitive to small fluctuations in BTC.

BitMEX co-founder Arthur Hayes recently published a response to the skepticism surrounding his simultaneous bearish stance on the AI bubble while investing in AI crypto projects. Hayes stated that the so-called bubble is mainly reflected in the debt issued for building data centers, as well as the stock valuations of unprofitable hyperscale cloud vendors and cutting-edge laboratories, rather than the AI technology itself.He emphasized, "Price is what you pay, value is what you get," and expressed his 100% belief in the agentic economy. Hayes pointed out that the surplus computing power formed through borrowed funds has actually reinforced his optimistic logic regarding his project Flop Labs.

"Humanoid Robot First Stock" Yushu Technology (688836) officially landed on the Sci-Tech Innovation Board today, with the stock price opening significantly high before retreating. The stock opened at 1100.00 yuan, up 629.44% from the issue price of 150.80 yuan, with a market value that once reached 444.9 billion yuan. Subsequently, the stock price fluctuated downward, and as of the time of writing, it was reported at 882.22 yuan, with the increase falling back to 485.03%, and a market value of approximately 356.827 billion yuan. The current turnover rate has reached 61.90%, with a transaction amount of 17.159 billion yuan. Based on the opening price, a single lot (500 shares) has an unrealized profit of about 474,600 yuan. Yushu Technology's public offering this time was 40.4464 million shares, raising approximately 6.1 billion yuan, with an issue price-earnings ratio of 219.23 times.

Serenity published an evaluation of the Yushu IPO event, pointing out that Yushu Technology's market value on its first day of listing was approximately $53.3 billion, making it the first significant public market benchmark in the field of humanoid robots.The next humanoid robot company worth paying attention to is Agility Robotics, which has the support of Nvidia and Amazon, and is expected to go public in Q4 with a valuation of $2.5 billion. Serenity believes that pure humanoid robot companies are experiencing public market demand far exceeding expectations.

According to Bloomberg, AI company Anthropic PBC plans to grant shares with extra voting rights to CEO Dario Amodei and other co-founders before preparing for an IPO. This move aims to ensure that the founding team retains dominant control over the company's strategic direction after it goes public. This dual-class share structure is already quite common in the tech industry, with Meta founder Zuckerberg and Snap founder Spiegel holding similar super-voting shares.

Cerebras released its fourth-generation AI inference system CS-4 this week, based on the same 5nm WSE-3 wafer, achieving double the performance by doubling the clock frequency and power consumption. A single CS-4 cabinet accommodates 3 wafers (CS-3 has 2), featuring a modular "backpack" design that simplifies manufacturing and deployment, with a TDP of approximately 125 to 135kW. The CS-4 can provide an inference speed of nearly 4000 tokens/second/user, about twice that of the CS-3, and supports decomposed inference with heterogeneous systems such as AMD and AWS Trainium.Cerebras claims that the CS-4 offers about 2000 times the on-chip memory bandwidth of NVIDIA's Rubin (43PB/s), but the 44GB SRAM capacity remains unchanged, and long-context inference still requires multi-wafer stacking. For example, with the DeepSeek V4 Pro (1.6T parameters), approximately 20 systems are needed for a 1M context window, and about 40 systems are required for 256 concurrent users, corresponding to a CAPEX exceeding 20 million USD. Cerebras is collaborating with clients such as OpenAI and plans to achieve approximately double performance improvements each year, aiming for a 20-fold throughput increase by 2027. The "backpack" cabinet design of the CS-4 will continue into the next-generation "Nexus" platform.

According to official news, as UNITREE (宇树科技, 688836.SH) completed its initial public offering on August 19, Gate has migrated the UNITREEUSDT pre-market perpetual contract to the official perpetual contract. The official perpetual contract supports 1-50 times leverage.In addition, Gate will launch the UNITREE (宇树科技) contract trading competition from August 19, 16:00 to August 28, 16:00 (UTC+8).During the event, new contract users who complete their first contract trade and achieve a cumulative trading volume of 5,000 USDT in UNITREE/USDT can receive 5 USDT; completing a daily trading volume of 5,000 USDT allows for a check-in, with a maximum cumulative reward of 35 USDT; achieving a cumulative trading volume of ≥ 10,000 USDT also allows participants to share a prize pool of 30,000 USDT based on their trading volume proportion, with a maximum individual reward of 200 USDT. The total prize pool for the event reaches 50,000 USDT, with a maximum individual reward of 240 USDT.

According to Coinglass data, the current whale holdings on the Hyperliquid platform are $5.263 billion, with long positions of $2.589 billion, accounting for 49.19% of the total holdings, and short positions of $2.674 billion, accounting for 50.81%. The profit and loss for long positions is -$61.0607 million, and for short positions, it is -$15.1559 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.6227 million.

Due to the tight supply of upstream materials such as copper foil substrates and semi-cured sheets, along with continuously rising costs, the price increase trend in the PCB industry continues. Manufacturers such as Kinwong, JINGPENG, Dingying Investment Holdings, and YaoHua have already raised their quotes by approximately 5% to 30% this year, with the benefits of these price increases gradually becoming apparent starting from the third quarter.Industry insiders point out that major CCL manufacturers have raised their product prices by about 20% to 30% in the first half of the year, and there will still be pressure for price increases in the second half of the year through 2027. The supply of high-end electronic fabrics is also tight, with the supply-demand gap for Low DK second-generation fabrics estimated to exceed 60%, and the upward trend may continue until the first half of 2027. The IC substrate market is also continuing the price increase trend, with demand for AI GPUs and ASICs driving prices up, and there is still double-digit room for price increases in the third and fourth quarters, benefiting companies like Unimicron, Kinsus, and Nan Ya. PCB manufacturers indicate that they will adjust prices in a timely manner based on changes in material costs in the second half of the year.

According to Cointelegraph, the U.S. Attorney's Office for the Southern District of New York urged the court in court documents to dismiss former Celsius CEO Alex Mashinsky's application to overturn his conviction and reduce his sentence, stating that his legal arguments "lack merit." Mashinsky was sentenced to 144 months in prison and fined $48 million for commodity fraud and securities fraud in May 2025.In May, he informed the court that he would represent himself, and the motion submitted involved allegations related to FTX and former colleague Roni Cohen-Pavon, but prosecutors pointed out that he had not submitted a sworn statement to support the allegations and requested the court to dismiss it without a hearing. Cohen-Pavon has completed his sentence for providing "substantial assistance." Additionally, the CFTC permanently banned Mashinsky from engaging in commodity market trading in June, and the SEC's civil lawsuit against him is still ongoing, with both parties in the "settlement discussions" stage.

Solana developer Brennan Watt announced on the X platform that the Solana mainnet has activated the first slot time reduction, with the target decreasing from the current 400 milliseconds to 350 milliseconds, which will officially take effect in the 1020th Epoch.Watt pointed out that some SDK constants (such as DEFAULT_MS_PER_SLOT) have not yet been updated to the new values and will be pushed in subsequent versions. The transition period may affect applications that rely on SDK constants matching the mainnet reality, and developers are advised to manually determine whether the functionality is enabled based on Epoch boundaries when it takes effect. Watt explained that the long-term plan is to put these parameters on-chain for client queries, but currently, to launch the reduction feature as soon as possible, this transition period must be endured.

Eclipse founder Neel Somani published an analysis stating that by leasing diesel generator sets, AI data centers can bypass grid access bottlenecks and complete deployment within months. Taking a 50MW inference data center as an example, about 40 leased diesel units are needed (monthly rent of approximately 2 million USD), consuming about 2.5 million gallons of diesel each month (approximately 12.5 million USD), with the cooling system costing about 1 million USD, and the total hardware investment being about 1.9 billion USD (including approximately 21,000 GPUs and supporting network equipment). Based on similar leasing agreements like Colossus 2, monthly revenue could reach approximately 180 million USD.

According to CoinDesk, Robinhood CEO Vlad Tenev posted on the X platform, urging U.S. regulators to establish a regulatory framework for tokenized stocks, warning that the U.S. may hand over the dominance of next-generation financial market infrastructure to overseas markets. Tenev stated that the financial system is in the early stages of a "tokenization supercycle," and Robinhood has provided tokenized versions of over 190 U.S. stocks to users in more than 120 countries, allowing investors to gain economic exposure and enjoy dividends.He pointed out three major advantages of tokenization: real-time settlement (which can further reduce settlement risk compared to the current T+1 system), 24/7 trading, and seamless transfer of assets across different platforms. Tenev bluntly stated that if the U.S. does not take action, other regions around the world may build the future financial system around U.S. assets, while Americans may be excluded.