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first_img Stack BTC, supported by Farage, plans to acquire the precious metals dealer Direct Bullion for 16 million USD

The UK Bitcoin Treasury Company Stack BTC (STAK) proposed to acquire the precious metals dealer Direct Bullion for up to £12 million (approximately $16 million) and plans to use the operating cash flow generated from precious metal sales to support Bitcoin accumulation. This non-binding agreement includes £3 million in cash, approximately £4 million in shares, and £5 million in performance-linked cash payments, with a minimum share issuance price of 6 pence and a lock-up period of four years.As Stack director Paul Withers controls the seller Direct Bullion, this transaction constitutes a related party transaction and is classified as a reverse acquisition, which still requires due diligence and the signing of a final agreement. Direct Bullion achieved revenue of £52.1 million and a post-tax profit of £2.15 million for the fiscal year ending January 2026. This acquisition will be Stack's first transaction under the strategy of "acquiring profitable companies to fund Bitcoin purchases." Stack BTC currently holds approximately 68 Bitcoins (around $5.2 million), and its stock price fell by 1% on the day the news was announced.Nigel Farage invested £215,000 through his company Thorn In The Side, holding approximately 6.3% of Stack. Previously, Reform UK received donations of $48.5 million each from crypto billionaires Christopher Harborne and Ben Delo within 24 hours, totaling approximately $97 million, setting a record for political donations in the UK.

Former New York Federal Reserve President Dudley: The reasons for raising interest rates are sufficient, and it may initiate a series of tightening measures

Former New York Fed President Dudley stated that the reasons for the Federal Reserve's current tightening of monetary policy are quite sufficient, and the interest rate hike in September may not be a "one-time action," but rather the beginning of a series of continuous rate increases. Dudley pointed out that the U.S. inflation rate remains persistently above the Fed's 2% target, the labor market remains relatively stable, and the core CPI rose 0.3% month-on-month in August, further dispelling market concerns about a cooling of inflation.In his view, the Federal Reserve is currently clearly deviating from its dual mandate goal regarding price stability, and there are still further upward risks for inflation in the short term. Dudley expects that the Federal Reserve may provide a median expectation of two cumulative rate hikes of 25 basis points each for 2026 in the Summary of Economic Projections (SEP) to be released in September. He also noted that over the past few decades, the probability of the Fed raising rates again after a single hike has been as high as 85% to 90%, so the market should not view this round of actions as "a mere taste."Additionally, Dudley believes that if Waller decisively raises rates, it would also help demonstrate his determination to curb inflation and the Fed's policy independence. He warned that Waller should not "outsource" monetary policy to the financial markets, and the future path of interest rates should be determined by the Fed based on economic data and its own policy judgments, rather than catering to market expectations.

first_img The supply-demand gap for silicon wafers will expand from about 8% by the end of 2026 to 24% by 2028

According to the Industrial and Commercial Times, with the expansion of HBM and advanced logic below 2 nanometers, it is estimated that the global silicon wafer supply-demand gap will widen from about 8% by the end of 2026 to 15% in 2027 and 24% in 2028. GlobalWafers, Siltronic, and TSMC are expected to benefit from this. It is noted that mid-2027 will be a critical turning point; if the pace of supply expansion does not keep up, a new wave of shortages and rush buying may occur from the second half of 2027 to the first half of 2028.SEMI statistics show that the global silicon wafer shipment area reached 3.573 billion square inches in the second quarter of 2026, an increase of 9.1% quarter-on-quarter and 7.4% year-on-year. It is estimated that the global monthly production capacity of 12-inch silicon wafers will be about 10.69 million pieces in 2026, an increase of 7% year-on-year, with only about a 3% increase to 11 million pieces in 2027, and an increase of about 6% to 11.7 million to 11.76 million pieces in 2028. The new supply includes about 300,000 pieces from the second phase of GlobalWafers and about 100,000 pieces from Siltronic.It is estimated that the consumption of HBM silicon wafers will increase by 23% and 28% in 2027 and 2028, respectively; new general DRAM production capacity will gradually come online starting in 2027, with an additional monthly capacity of about 350,000 to 450,000 pieces by 2028. In terms of advanced logic, the consumption of logic process silicon wafers is expected to increase by 12% and 11% in 2027 and 2028, respectively. Currently, customer silicon wafer inventory remains at about 100 to 120 days, and it will take time to digest to the normal level of 50 to 70 days.

first_img Kevin Bass: Anthropic builds an unshuttable regulatory capture machine, calling for a congressional investigation

User Kevin Bass posted that he has audited the finances of the artificial intelligence company Anthropic and found shocking circumstances, thus calling for Congress to investigate. Bass stated: Anthropic not only seeks regulatory capture but has also built an unshuttable regulatory capture machine, with structural financial incentives making it impossible to shut down its AI doomsday loop. This loop begins with METR, which Anthropic CEO Dario Amodei proposed to be assessed for model risk by a third-party evaluation agency and suggested METR.Bass claimed that METR financially relies on Anthropic's success, particularly the explosive growth of Anthropic stock exceeding $7 billion. Facebook co-founder Dustin Moskovitz invested this stock into Good Ventures Foundation, which constitutes the majority of the organization's portfolio, and GVF is the overwhelming funder of the entire Anthropic network ecosystem. This stock was worth $500 million earlier last year and is now valued at over $7.7 billion about 16 months later. METR cannot afford to interrupt this growth.Bass pointed out that the same organization funding METR also funds organizations promoting AI doomsday, such as the Tarbell Center, which has published articles in The Verge, Science, Los Angeles Times, and others. These organizations all rely on the same funding. Bass stated that METR and others are not independent of Anthropic and cannot provide independent assessments; Congress must investigate.

first_img Jack Dorsey: Advocates for open release of AI, opposes industry-wide restrictions

Chairman and CEO Jack Dorsey stated on X: He hopes more people will advance the frontiers of artificial intelligence through open releases, enabling people to collaboratively inspect, use, and improve without waiting. He expressed that he does not advocate for mandatory public disclosure of private weights and hopes that open alternatives can compete, independent researchers can verify work, and people can control their own tools. He mentioned that release restrictions must bear the burden of proof.Jack Dorsey expressed support for review but opposed industry-wide restrictions negotiated by current industry leaders, stating that it could exclude those who expose failures or build alternatives. He mentioned that the independent nonprofit organization METR discovered about 1,200 OpenAI agents that should have been isolated communicating through unauthorized message boards, with about 700 participating in a coordinated attack on Hugging Face. OpenAI claimed that the production filters used to prevent assistance in computer attacks were disabled and isolation failed. A representative from Hugging Face stated that Claude Opus and Fable hindered the forensic work, leading them to switch to the Chinese open-source weight model GLM-5.2.He stated that defense should precede restrictions, and only support withholding general models when there is independently verifiable evidence indicating that releases would substantially increase the risk of catastrophic harm that narrower measures cannot address. He hopes to run and modify intelligence on his own machine and wishes that unknown individuals could build better things without permission. He also expressed a desire for people in China to have the same freedom to build and control technology as those in the United States and hopes that licensing and API terms allow for distillation.
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