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According to informed sources, Microsoft plans to expand its global data center capacity to over 38 gigawatts by 2032, more than tripling the current capacity of about 12 gigawatts, to alleviate the computing power shortage caused by the growth of AI and cloud business.Microsoft's capital expenditures for the latest fiscal year reached $145 billion, and spending is expected to continue to grow in the coming years.

According to official news, the on-chain risk protection platform OpenCover has announced the expansion of institutional-level risk protection to the Solana network. Eligible related positions can now obtain risk protection, with the first batch covering Kamino, Raydium, Orca, and Jupiter. The specific coverage scope, limits, and terms vary by protocol and position. OpenCover primarily provides on-chain risk protection for DeFi users and connects users with underwriters such as Nexus Mutual.After this expansion, Solana ecosystem users can also purchase related protection against risks such as smart contract vulnerabilities, oracle failures or manipulations, liquidation failures, and governance attacks. According to a previous announcement from Nexus Mutual, it has currently launched four protection projects on Solana: Kamino, Raydium, Orca, and Jupiter, covering nearly 90% of the funds in the Solana lending market. Among them, Kamino and Jupiter have over $1 billion and $925 million in lending deposits, respectively.OpenCover stated that this launch marks the starting point for its further expansion of risk transfer infrastructure on Solana. In the future, it will collaborate with protocols, asset management institutions, and liquidity providers to expand the range of positions eligible for protection.

According to The Block, Citadel Securities urged the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in a letter dated September 9 to reaffirm the SEC's regulatory authority over products related to U.S. publicly traded companies and their securities.The letter responds to the CFTC's self-certification process for event contracts. Citadel believes that event contracts associated with publicly traded companies should fall under the SEC's regulatory scope to ensure a clear and consistent regulatory framework for related products.

According to The Information, SpaceX has disclosed that it will make significant adjustments to the construction methods of its AI data centers, which may slow the expansion rate of new data center campuses.According to insiders, Musk has recently assigned a group of rocket engineers to oversee the construction of data centers. Unlike his past emphasis on a "rapid action" management style, the new team has adopted a more cautious approach to construction. Two years ago, Musk built data centers for his AI business at a record pace, but this adjustment in construction methods may extend the construction timeline for the new campuses.

Piper Sandler initiated coverage on Intel with a neutral rating and a target price of $110; gave Qualcomm a neutral rating with a target price of $190; and assigned an overweight rating to NVIDIA with a target price of $300.

According to Bloomberg, informed sources say that Nasdaq will invest $100 million in Payward, the parent company of the cryptocurrency exchange Kraken, through its venture capital department to continue building infrastructure that supports stock tokenization trading.This investment brings Payward's valuation to $21 billion and further expands the partnership announced by both parties in March of this year.

Arya.ag, an agricultural warehousing and loan company in India, is testing a system for tokenizing warehouse receipts for stored grains on the Avalanche dedicated Layer 1 blockchain. Arya.ag is collaborating with Finternet to connect grain storage, warehouse receipts, collateral commitments, and loan statuses through this network. Devika Mittal, head of Ava Labs India, stated that the testing is underway, with each tokenized warehouse receipt representing ownership of the stored goods.Sanmesh Kalyanpur, a director at Finternet Labs, mentioned that Arya.ag's samplers collect information on stored grains and input it into the company portal. Finternet will integrate farmers, commodities, warehouses, and insurance information into a "composite token" for banks to assess collateral risks. Arya.ag stores approximately $2 billion worth of agricultural products in its warehouse network and supports loans of about 120 billion Indian Rupees (approximately $1.26 billion) annually, with its loan department, Arya Dhan, disbursing around $230 million in loans each year.The concept of Finternet originated from a 2024 paper by the Bank for International Settlements (BIS), co-authored by Infosys co-founder Nandan Nilekani and then-BIS General Manager Agustín Carstens, proposing the establishment of an interconnected unified ledger for tokenized assets. In 2024, the Indian government launched a 10 billion Rupee credit guarantee scheme to encourage financing against electronic transferable warehouse receipts. The two companies have not disclosed the expected launch date or initial deployment scale.

According to Bloomberg, Jon Cunliffe, the former Deputy Governor for Financial Stability of the Bank of England, has joined the blockchain payment company Fnality and will serve as the Chairman of its UK entity. Jochen Metzger, the former Director General for Payment and Settlement Systems of the German central bank, has been appointed as a member of the Supervisory Board of Fnality Europe and is expected to serve as its Chairman; Ron Berndsen, the former Head of Supervision and Head of Market Infrastructure Policy at the Dutch central bank, will also join the Supervisory Board.Fnality operates a wholesale payment system that allows banks to settle debts using central bank currency balances. Its pound sterling system, regulated by the Bank of England, went live in 2023 and is currently seeking regulatory approval to launch versions in US dollars and euros. Fnality states that the system is designed to support the tokenized trading of traditional assets such as stocks and bonds, enabling the synchronized flow of securities and payment funds across interconnected digital networks, thereby shortening settlement times and supporting round-the-clock trading. Fnality was established in 2019, with investors including major financial institutions such as Goldman Sachs, UBS Group, Santander Bank, Bank of America, and Citigroup.

The founder and CEO of the Hong Kong-listed company Mech-Mind, Shao Tianlan, posted on social media, questioning some embodied intelligence companies that create false and unsustainable revenue through data collection centers and related transactions with local governments, investors, and suppliers to promote their listings. Mech-Mind mainly provides products such as robotic 3D vision and AI software, applied in industrial manufacturing, logistics, and other scenarios. He referred to these companies as "gathering-type" embodied intelligence companies, mentioning that they include some well-known and highly valued companies from Beijing and Shanghai that have appeared on the Spring Festival Gala, and criticized this practice as illegal, unethical, and unwise.Shao Tianlan stated that generating revenue in this way could harm investors and place an increasingly heavy growth burden on the companies. After achieving such revenue this year, they would need to continue to do so next year and do even more, potentially falling into a vortex of continuous fraud and bleeding. He specifically named Galaxy Universal in the comments section and inquired whether there was support from Beijing city leaders for the company's listing.

Latest data shows that the number of GasFree users has surpassed 450,000, reaching 450,392. This milestone marks the continued expansion of this transfer tool's influence within the TRON ecosystem. Starting with support for USDT transfers, GasFree has now added support for USDD, allowing users more ways to transfer assets on the TRON network without the need to hold TRX to pay on-chain fees, further lowering the operational threshold and cost burden of transfers. Product features continue to expand, with a core philosophy that remains simple: making on-chain transfers easier to use. As the user base steadily grows and supported assets continue to diversify, GasFree is becoming a convenient choice for an increasing number of users in their daily on-chain operations.

According to the Financial Times, an increasing number of high-net-worth individuals relying on cryptocurrencies like Bitcoin to accumulate wealth are being rejected by traditional trust companies when seeking to establish offshore trusts for tax and wealth succession arrangements. Trust institutions are primarily concerned about issues related to the verification of fund sources, potential money laundering risks, extreme asset price volatility, and the loss of private keys.The report states that some trust institutions specializing in serving digital asset clients are taking on such business through on-chain analysis and enhanced compliance reviews, but most mainstream trust institutions remain cautious, fearing future legal and reputational liabilities due to the sources of crypto assets or significant devaluation.

The Boring Company, owned by Elon Musk, has completed a $3 billion Series D funding round, reaching a valuation of $23 billion.

According to The Wall Street Journal, Chinese regulators are seeking to raise the threshold for humanoid robot companies to enter the public capital market. Sources revealed that the China Securities Regulatory Commission recently held informal talks with several investment banks and institutional investors, signaling an intention to increase the barriers for humanoid robot companies seeking to go public.This move is related to the market performance of Yushu Technology after its listing. The company surged 460% on its first day of trading, but the excitement faded afterward, with its stock price dropping about 50% from its post-listing peak, bringing its market value down to approximately $30 billion. Regulatory authorities are trying to quell the frenzy triggered by this situation.

The research institution Sage Road Research released an executive summary of "The AI Trade," stating that since the beginning of this year, the Magnificent Seven has underperformed the Russell 3000 index by about 8 percentage points and the MSCI ACWI by nearly 9 percentage points. In July, the CBOE NDX volatility index relative to the VIX reached its highest point since the internet bubble, and after entering a correction, the Nasdaq index saw a 5% rebound over four days. As of the writing of the report, AI company stock prices have dropped 20% from their 52-week highs in June.Companies are struggling to achieve returns on investment amid soaring AI costs, with Uber, Amazon, Meta, and Walmart implementing restrictions on employee AI usage. Model homogenization limits pricing power, and Chinese open-source models have become a cheap alternative to OpenAI and Anthropic. AI capital expenditures have exceeded expectations, with the consensus for 2026 rising from $527 billion at the end of 2025 to about $800 billion by mid-year. Capital expenditures for hyperscale cloud providers in 2027 are expected to account for 3% of U.S. GDP, more than double the peak of 1.2% during the late 1990s telecom fiber construction. Allianz Research calculates that there is nearly a 46% growth gap between AI investment and sales, worse than the 32% during the 2001 telecom bubble.As of June, hyperscale cloud providers and related entities like Nvidia issued $225 billion in bonds, a year-on-year increase of 973.7%. The off-balance-sheet liabilities of tech giants have increased eightfold over four years to $1.65 trillion.

Pantera Capital Junior Partner Jay Yu published an article titled "The Rise of Compute Markets," stating that computing power and data center spending have become a trillion-dollar category, but GPU procurement is still mainly done through group chats, over-the-counter brokers, and bilateral agreements. He noted that the financialization of computing power is still in its early stages, constrained by SKU, time, and location, but could become a commodity asset similar to electricity or oil in the next 5 to 10 years. Jay Yu believes that the computing power market may form a "hardware-supplier-cluster" structure similar to the electricity "grid-operator-node," with new cloud vendors being structural shorts on GPUs, while on-demand platforms and application layers are longs.He mentioned that for every $100 spent on inference at the application layer, about $45 flows to the on-demand layer, about $50 flows to the new cloud or GPU layer, and about $5 flows to routing layers like OpenRouter. NVIDIA can be seen as the "central bank" of computing power, having announced support for up to 25% residual value. He also stated that physical delivery has a more enduring moat, and indices, cash-settled exchanges, and financing tools will subsequently emerge, with participants including SF Compute, Vast AI, Runpod, Compute Exchange, and others. The computing power market does not have mandatory price transparency requirements, and basis risk may be greater.

NVIDIA (NVDA.O) announced a collaboration with the Australian data center ecosystem to expand its artificial intelligence infrastructure capabilities.

Solana treasury company SkyAI (formerly Sharps Technology, stock code SKYA) is facing shareholder opposition ahead of its annual shareholder meeting on September 18. A group holding nearly 10% of shares plans to vote against the re-election of the entire board of directors.The group's concerns include the weakening of shareholder rights, the "poison pill" plan, and related party transactions.

According to Gate market data, SpaceX's intraday decline has expanded to 5%.

According to CNBC, Robinhood CEO Vlad Tenev responded to AMC CEO Adam Aron's criticism of the stock token business, stating that after a company goes public, its stocks will become transferable property, and other financial institutions should be able to create financial products referencing the relevant stocks without needing the issuer's permission.Tenev stated that publicly traded companies have the right to control their own rights and obligations regarding the issuance of stocks, but cannot control other companies issuing securities that reference their stocks. Robinhood's stock tokens are issued by independent entities and are backed by the underlying stocks, so obtaining the consent of the publicly traded company should not be automatically required.Tenev also acknowledged that holders of stock tokens do not have voting rights in the underlying company. These tokens are designed as debt securities supported by the underlying stocks. As for how Robinhood will exercise the voting rights associated with the underlying stocks, the company has stated that it has not announced any related plans.