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According to Citrini analyst Jukan, SK Hynix is working on diversifying the foundry suppliers for the substrate chips used in high bandwidth memory (HBM), which are constructed by vertically stacking multiple memory chips. It is reported that the company is considering outsourcing part of the substrate chip production for the seventh generation HBM, namely HBM4E, to Intel's foundry. So far, SK Hynix has relied entirely on TSMC for outsourcing substrate chip production.This move is seen as an effort to establish a multi-supplier foundry strategy to reduce the concentration of the supply chain on TSMC while enhancing SK Hynix's bargaining power in pricing. According to industry insiders on August 31, SK Hynix is advancing a plan where the substrate chips for HBM4E may be jointly manufactured by TSMC and Intel, potentially starting from the HBM4E generation.As the market expects the cost burden of substrate chips for HBM4E to further increase. Since HBM products are mainly covered by long-term supply agreements (LTA), SK Hynix also finds it difficult to immediately pass on the higher foundry costs to customers by raising product prices. Therefore, industry observers believe that if Intel ultimately joins SK Hynix's substrate chip supply chain, the company will gain more options in terms of cost competitiveness and supply stability.

Ethereum developer nixo.eth revealed on the X platform that Ethereum core developers have decided to change the status of the account abstraction proposal EIP-8141 from "under consideration" to "scheduled," confirming that account abstraction will be promoted as a key feature of the Hegotá upgrade.This EIP was proposed in March as a flagship upgrade, and community consensus suggests that even though there are still controversies regarding the specific implementation, account abstraction should be launched in Hegotá. In recent weeks, another proposal, EIP-8130, has emerged as a competitor, planning to be deployed on Base in September, sparking discussions about avoiding a split in account abstraction standards between L1 and L2. The authors of both EIPs and core developers are working hard to reach a unified solution without delaying the upgrade. The status change means that this feature has officially entered the planning for the Hegotá upgrade, but the specific specifications may undergo significant changes, and it is common for implementation plans to change before the official launch.

According to businesswire, Bitcoin treasury company BSTR Holdings announced that it has reached an agreement with Cantor Equity Partners to terminate the business combination agreement signed by both parties on July 16, 2025.The reason for termination is that under the current market environment, the valuation of Bitcoin and publicly listed Bitcoin treasury companies continues to be under pressure, leading to a mismatch in the capital market, which restricts the amplifying effect of financing tools such as convertible bonds and perpetual preferred stocks in Bitcoin treasury strategies.BSTR stated that it will continue to promote institutional-level Bitcoin asset management business once the market environment stabilizes.

Consumer-grade blockchain Abstract announces the launch of Builder XP, an extension of its XP system, aimed at rewarding builders who contribute to the Abstract ecosystem. This mechanism allocates Builder XP weekly based on the project's overall impact on the chain.Builder XP will further incentivize developers and project parties to continue building, promoting the development of the Abstract ecosystem. Abstract is created by the Pudgy Penguins team, focusing on consumer-grade crypto applications and on-chain experiences.

The non-profit Ethereum development lab Ethlabs published an article outlining its priority recommendations for Ethereum's next network upgrade, Hegotá. Ethlabs listed the following directions as top priorities: strengthening censorship resistance (EIP-7805 FOCIL has been confirmed as the top proposal); making Ethereum faster (suggesting the addition of EIP-8198 Quick Slots to reduce slot time and improve confirmation speed and finality); native account abstraction (recommending EIP-8141 Frame Transactions to support Passkey wallets, ERC20 Gas payments, batch transactions, and privacy, etc.); continuous L1 scaling (recommending EIP-8131 and EIP-8279 to enhance capacity and predictability).

The International Energy Agency (IEA) has lowered its global oil demand forecast for this year, primarily due to ongoing export disruptions in the Strait of Hormuz and high fuel prices. The IEA expects global oil demand to decline by 1.56 million barrels per day by 2026, reaching 103.29 million barrels per day. It is anticipated that global oil demand will decrease by 4.9 million barrels per day year-on-year in the second quarter, with a recovery in the fourth quarter, increasing by approximately 580,000 barrels per day.

According to The Elec, Samsung Electro-Mechanics' investment schedule for semiconductor glass substrates has been delayed due to bottlenecks in the reliability assessment of customer prototypes. As a result, the construction schedule for the production line of GlaSSEM, the glass core joint venture between Samsung Electro-Mechanics and Dongyu Fine Chem, has also been postponed, and the timeline for ordering related equipment has become uncertain.The report states that GlaSSEM has failed to communicate the equipment order schedule to its partner manufacturers. Previous orders have been postponed from December last year to March and June this year, and this has happened more than three times. After June, no further schedule guidance has been provided. Industry insiders believe that the main reason is that global communication semiconductor customers have not passed the reliability assessment certification for glass substrate prototypes. Samsung Electro-Mechanics is still producing prototypes at its Sejong plant, and most of the suppliers for key processes required for building the mass production line, such as deposition, etching, laser drilling, and inspection, have already been selected.Since the prototypes need to be remade and resubmitted, the originally planned investment schedule will inevitably be further delayed. Samsung Electro-Mechanics had set a target for mass production in the second half of 2027 when establishing GlaSSEM earlier last month, but during last month's financial report meeting, this timeline was adjusted to 2028, and now the mass production time is expected to be further postponed.

Ledger announced the expansion of support for Celo, having integrated Celo's CIP-64 fee abstraction feature into Ledger Live. After the upgrade, users can pay on-chain transaction gas fees using 18 types of Celo native assets, without needing to use the native token CELO exclusively.The assets that can be used to pay gas include USDT, USDC, USDm, EURm, GBPm, JPYm, CADm, AUDm, CHFm, BRLm, NGNm, PHPm, COPm, KESm, ZARm, XOFm, GHSm, and WETH. CIP-64 is a core mechanism introduced by Celo in the July 2023 Gingerbread hard fork, allowing transaction fees to be paid directly with approved ERC-20 tokens.According to official disclosures, nearly half of the transactions on the Celo chain are currently settled with US dollar stablecoins instead of CELO for transaction fees. Ledger had previously supported the sending, receiving, and exchanging of CELO and Celo native stablecoins in Ledger Live as of December 2025.

According to BBX data, yesterday the global publicly listed companies in the U.S. stock market and the proposed listing of crypto giants faced severe differentiation in capital operations, with the core dynamics as follows:The plan for 30,000 BTC giant to go public has collapsed: Cantor Equity Partners I (NASDAQ: $CEPO) and Bitcoin Standard Treasury Company (BSTR) jointly announced through BusinessWire yesterday that they will no longer proceed with the transaction according to the original business combination agreement signed in July 2025. The core reason is that the $1.5 billion PIPE financing has completely failed to materialize. Against the backdrop of Bitcoin dropping about 50% from its historical high, investor interest in the new Bitcoin treasury company has significantly cooled. The shareholder meeting originally scheduled for July 10 has been indefinitely postponed. BSTR originally planned to carry 30,021 BTC to list on Nasdaq and become the world's fourth-largest publicly listed company holding Bitcoin, and this collapse means that its listing path needs to be redesigned.American Bitcoin Corp. completes 1-for-15 reverse stock split and increases holdings: American Bitcoin Corp. (NASDAQ: $ABTC) recently completed a 1-for-15 reverse stock split to meet Nasdaq's minimum stock price listing maintenance requirements. While consolidating shares to maintain its listing, the company announced that it purchased 500 BTC in the secondary market against the trend, increasing its total holdings to 8,000 BTC (fair value of approximately $496 million), ranking 16th globally among publicly listed companies in terms of Bitcoin holdings. The company is approximately 44% owned by Hut 8, and Eric Trump, the second son of Trump, serves as Chief Strategy Officer.

According to Bloomberg, a special purpose acquisition company (SPAC) supported by Cantor Fitzgerald and Adam Back's Bitcoin reserve company BSTR announced that they have abandoned the original terms of the proposed merger and will renegotiate a revised agreement.In the context of a tightening cryptocurrency market and challenges faced by Bitcoin reserve companies, both parties decided to adjust the transaction arrangements. Cantor Equity Partners I Inc. and BSTR Holdings stated that they will no longer proceed with the transaction under the merger agreement signed last year, but will seek to establish revised transaction terms that better reflect the current market conditions. However, the two companies did not disclose the specific financial terms of the new transaction, nor did they indicate when a new agreement could be reached.

According to monitoring by Bitcoin Treasuries.NET, the shareholder vote for the merger between Adam Back's Bitcoin Standard Treasury (BSTR) and Cantor Equity Partners I has been postponed again to July 10. If the merger is completed, BSTR may purchase over 25,500 bitcoins.

According to Bloomberg, the merger vote between Cantor Fitzgerald affiliate Cantor Equity Partners I Inc. and Adam Back's digital asset treasury company BSTR Holdings Inc. has been postponed from June 26 to July 2. The statement indicated that the delay is related to the private placement matters previously disclosed by Cantor Equity Partners.The transaction has attracted significant attention due to the decline in cryptocurrency prices, which has led to a substantial shrinkage in the public market valuation of the digital asset treasury company, raising concerns about shareholder dilution. Cantor Equity Partners is a special purpose acquisition company that announced its merger with BSTR last July.

BSTR Chief Investment Officer Sean Bill stated that he is trying to create "Berkshire Hathaway 2," a company dedicated to achieving an increase in the number of Bitcoin per share. Sean Bill expressed the hope to enter the capital market, effectively manage the capital structure, and allow BTC to play a role in the market.

According to Cryptopolitan, U.S. Senator Lummis stated in an interview with CNBC that large banks are trying to block the advancement of clear cryptocurrency regulatory legislation because they cannot compete with the crypto industry.She emphasized that the popularity of Bitcoin is unstoppable, "this will become the financial system of the future."

Particle Network today announced the next phase product roadmap for Universal Accounts, which will launch two new products in the coming months: 1. Universal Deposit SDK: Developers only need about 10 lines of code to allow users to deposit assets from any chain into the application, significantly lowering the threshold for multi-chain asset access. 2. Universal Agent Accounts: An API and Dashboard for AI Agents, enabling AI Agents to own and manage their own Universal Accounts.Previously, Particle released EIP-7702 Universal Accounts in March, supporting any EOA account to upgrade frictionlessly to a Universal Account. This roadmap further strengthens the infrastructure positioning of Universal Accounts in scenarios such as developer integration, AI Agent asset management, and multi-chain asset circulation. Overall, Particle is advancing Universal Accounts from "account abstraction capability" to a broader chain abstraction application layer infrastructure, which is expected to enhance its developer adoption and distribution capabilities within the on-chain ecosystem.

North Carolina Republican Senator Thom Tillis stated on Sunday local time that he would support the confirmation of Kevin Warsh's appointment as Federal Reserve Chairman, thereby clearing the last major obstacle for Trump's chosen successor to Powell.Tillis had refused to vote in support of Warsh for months, stating that he would not push for the confirmation of any Federal Reserve nominee as long as the Justice Department's criminal investigation into Powell was ongoing, calling the criminal investigation an attack on the independence of the central bank. However, that investigation appears to have concluded last Friday.

According to Jinshi, U.S. President Trump warned bankers at a cryptocurrency conference not to obstruct the advancement of cryptocurrency legislation.

Former OpenAI Codex team engineer Daniel Edrisian announced his departure and founded an AI hardware company, Blackstar Computers. The company has completed a $12 million seed round of financing, led by Abstract, with participation from SV Angel, Naval Ravikant, Chapter One, and Timeless.Blackstar positions itself as a new type of computing device, planning to reconstruct the computing experience from hardware, software, and interaction perspectives. Edrisian stated that current software development has matured, and further enhancement of human-AI interaction needs to be innovated at the operating system level. The company team currently consists of about 8 people, distributed between San Francisco and Shenzhen, and has not yet launched a public product.

The conflict in the Middle East has led to disruptions in shipping through the Strait of Hormuz, causing global shipping costs to soar dramatically, and the war risk insurance premiums for vessels have risen rapidly.In addition, shipping companies also need to consider freight rates. Industry insiders indicate that freight rates have already increased by 11 to 12 times. The costs of insurance and detours are being passed on, continuously impacting global trade and supply chain security.

The chain abstract stablecoin system River announced its expansion to the Base network, having previously deployed on Ethereum and BNB Chain.River stated that Base is the platform with the strongest liquidity on Ethereum L2 and the highest on-chain activity. Its total value locked (TVL) in DeFi exceeds $4 billion, with a stablecoin market capitalization of $4.7 billion and nearly 500,000 daily active addresses. Currently, on-chain liquidity is mainly concentrated on Base. River's joining Base means that all Base users can natively hold, use River, and build on it.