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According to Gate market data, BTC/USDT is currently reported at $79985.6, with a 24-hour increase of 3.32%.

As investor enthusiasm for AI trading cools and regulators strengthen measures to curb demand, leveraged ETFs linked to chip manufacturers in South Korea have seen nearly $1 billion in outflows this month. So far, leveraged products tracking Samsung Electronics have experienced outflows of $381 million in August, while related products tracking SK Hynix have seen outflows of $601 million, marking the first monthly outflow for these products since their launch at the end of May.Especially during the global AI trading sell-off in July, when the South Korean Kospi index experienced a historic plunge, with a monthly decline of 22%. Subsequently, South Korean regulators raised the minimum margin requirements for new investors purchasing such products and required investors to undergo a 5-day simulated trading period.

According to Coinglass data, on August 25 at 15:46, 62.7014 million USDT was detected transferring from an unknown wallet to Binance.

According to reports from The Paper and others, on August 24, consumers claimed that the Taobao Tmall store "SKhynix Flagship Store" suddenly announced the termination of its operations, raising concerns about the after-sales warranty of the purchased memory modules. The store's homepage indicated that it plans to voluntarily terminate operations on September 9, 2026, and has removed all products, making it currently impossible to search for the store directly on Taobao.Customer service on the Taobao platform stated that if an order is still within the after-sales validity period after the store closes, customers can apply for repairs or refunds on the order details page; if there is no after-sales entry or the seller has not processed it, customers can contact platform customer service for assistance or check if they are entitled to the brand's official warranty. On August 25, SK Hynix's stock price opened lower and continued to decline, falling more than 4% as of the related report.In another report, members of the SK Hynix union voted against a preliminary wage agreement reached after two months of negotiations, with 50.08% of the 15,045 employees who participated in the vote opposing it, with only a 25-vote difference between approval and disapproval. The agreement originally included a 6.3% wage increase and adjusted the profit-sharing bonus to 40% cash and 60% company shares, whereas it was previously distributed entirely in cash.

Xiaomi officially released the Xuanjie O3 chip. The new generation Xuanjie O3 is the world's first flagship mobile processor (SoC) that supports LPDDR6 memory chips. According to reporters from the Financial Associated Press, domestic storage leader Changxin Storage (CXMT) is a core partner for Xiaomi's Xuanjie O3 LPDDR6 memory.In March this year, there were reports that Changxin LPDDR6 had sent samples to key customers, and in early August, multiple media outlets reported that it was nearing the end of verification. With the launch of the Xuanjie O3, this marks the first application of domestic LPDDR6 chip products in flagship processors, which also means that domestic low-power memory has officially entered the global top tier.

According to a report by Nikkei Chinese Network citing Bloomberg on August 24, the Trump administration is considering imposing an additional 7.5% tariff on goods imported from China, a move seen as a countermeasure against China's overcapacity. If this tariff is implemented, combined with previously imposed tariffs, the total tax rate will reach 20%, returning to the level before the U.S. Supreme Court ruled the Trump tariffs invalid in February of this year.The report states that in July, the Trump administration imposed additional tariffs of 10% or 12.5% on China and 59 other countries and regions based on Article 301 of the Trade Act, citing their inadequate response to forced labor issues; at the same time, it had also considered imposing tariffs on China, Japan, and 14 other countries and regions regarding the issue of overcapacity. The U.S. claims that China's surplus products are eroding the American market, to which China has rebutted.

The engineering collective Shipyard, focused on IPFS and libp2p technologies, announced that Protocol Labs will not renew its funding. As a result, Shipyard will gradually cease its engineering, maintenance, and infrastructure operations related to IPFS, with a final deadline of September 30, 2026.Shipyard stated that several core projects it maintains (including Kubo, Helia, Boxo, Rainbow, IPFS Desktop, etc.) will no longer have dedicated maintainers responsible for new features, fixes, and releases; contributions to go-libp2p and js-libp2p will stop; and the public infrastructure it operates (such as ipfs.io, dweb.link, IPFS bootstrap nodes, etc.) will also cease, with the future of related domains and infrastructure to be determined by Protocol Labs. The team will assist with the transition before the end of September.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $7.146 billion, with long positions at $3.423 billion, accounting for 47.9% of the holdings, and short positions at $3.723 billion, accounting for 52.1%. The profit and loss for long positions is $476 million, while the profit and loss for short positions is -$515 million.Among them, the whale address 0x5b5d..60 has shorted BTC with 5 times leverage at a price of $69,877.9, currently showing an unrealized profit and loss of -$16.9766 million.

According to AI Aunt (@ai_9684xtpa), "Set 10 big goals first" has stopped losses and exited the market. The additional short positions added by the relevant account have all been closed; thus, the total of the three trades after this "comeback" is in a loss state, but it is just a profit withdrawal (it was previously disclosed that the total profit was around 70 million USD).In terms of specific gains and losses, the long position made a profit of 20 million USD; the first short position incurred a loss of 6.283 million USD; the first half of the second short position had a certain loss of 10.158 million USD, while the loss amount for the second half is unknown, expected to be around 9 million USD.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume was approximately $1.446 billion, an increase of 138.2% compared to the previous 24 hours.The top five trading pairs by trading volume are: XRP/KRW (accounting for 20.16% of the trading volume, with a transaction amount of approximately $338 million); BTC/KRW (accounting for 12.09% of the trading volume, with a transaction amount of approximately $203 million); USDT/KRW (accounting for 11.57% of the trading volume, with a transaction amount of approximately $194 million); ETH/KRW (accounting for 6.89% of the trading volume, with a transaction amount of approximately $116 million); PROM/KRW (accounting for 5.31% of the trading volume, with a transaction amount of approximately $89.18 million).

According to The Block, the Blockchain Association has submitted a letter of opinion regarding the stablecoin issuer rules proposed jointly by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting the Customer Identification Program (CIP) obligations to transactions where issuers directly face customers in the primary market, and it should not extend to peer-to-peer transfer activities in the secondary market.At the same time, the association calls on regulators to further clarify definitions such as "account," "customer," and "digital asset service provider," excluding one-time redemptions and other non-continuous businesses, and to avoid creating overlapping compliance burdens with anti-money laundering rules. The association stated that the implementation of the rules should balance stablecoin security, operability, and space for industry innovation.

A fire broke out at the Afipsky Oil Refinery in southern Russia after a drone attack at night. The governor of the Krasnodar Krai stated that local emergency services are handling the fire.Ukrainian actions have led to Russian oil processing volumes dropping to multi-year lows, exacerbating fuel supply pressures. The Afipsky Oil Refinery is owned by ForteInvest, with a crude processing capacity of approximately 180,000 barrels per day.

Strive Chairman and CEO Matt Cole stated that February 19 was the bear market bottom for the company's stock $ASST, when the company's CFO, CLO, and several executives and directors bought shares in the open market, and three independent directors transitioned to full-time within six months. There is high confidence internally regarding the Bitcoin exposure held, the amplification structure, and team chemistry.Cole mentioned that despite the external sentiment being low at that time, the internal morale was high, and the execution capability was validated in the following six months. Now, $ASST has surged, and market sentiment has improved, but the team's focus remains unchanged: the Bitcoin bull market has just begun, and Strive has built the corresponding amplification structure and will push forward with full force.Market data shows that $ASST has risen over 50% in the last four trading days, with a current market capitalization of approximately $1.686 billion.

Asset management company Franklin Templeton plans to incorporate the tokenized money market fund Franklin Onchain U.S. Government Money Fund (BENJI) as holdings or collateral into exchange-traded funds (ETFs) and mutual funds, involving an asset scale of approximately $2.6 billion, with the earliest launch possible in the fourth quarter.The U.S. Securities and Exchange Commission (SEC) has approved a no-action letter for this structure, allowing funds under Franklin Templeton to use BENJI for cash management and collateral purposes, but it still requires approval from the boards of the respective funds. The company currently manages over 130 ETFs and approximately $82 billion in ETF assets, with mutual fund assets around $790 billion.Franklin Templeton has distributed tokenized funds through digital wallets and plans to launch more tokenized products for cash or collateral management across its broader fund product line. The market size for tokenized assets has now exceeded $38 billion.

Research institution Digitimes stated that with the surge in AI-driven infrastructure spending, major cloud service providers are expected to place greater emphasis on operational efficiency and financial discipline in the second half of 2026. Amazon, Alphabet, and Microsoft reported a combined cloud business revenue of $106.3 billion in the second quarter, with an annual growth rate accelerating to 43%. These companies are expected to increase their total capital expenditures to $74.5 billion.

According to ChaoXiang Research, a Goldman Sachs report pointed out that cryptocurrency trading volume fell by 30% in July and 21% in August, marking a continuous decline for 10 months, lasting longer than the median of the previous five cycles. The trading volume has dropped by 75% from its peak, while the cryptocurrency market value rebounded by 21% in the past week. Goldman Sachs believes that if the market value maintains at the current level, a turning point in trading volume may appear.On the regulatory front, 35% of institutional investors view regulatory uncertainty as the biggest obstacle, while 32% believe that regulatory clarity is the primary catalyst. The SEC recently proposed an innovation exemption, and over 10 new digital asset companies received OCC bank licenses in 2026, with more than 15 cryptocurrency firms included in the federal banking system. Cryptocurrency companies are expected to reduce costs by an average of about 5% in 2026, driving an increase in operating profit margins of about 5.8 percentage points.Goldman Sachs holds a cautiously optimistic view for the second half of the year, with sector valuations at the 30th percentile over the past five years. They recommend COIN (target price $196), HOOD ($124), IBKR ($114, Goldman Sachs' U.S. conviction list), and FIGR ($43). The logic for the three types of assets is different: traditional brokerages look for a reversal in September, predicting the market based on the election cycle, while cryptocurrency targets have three catalysts: market value rebound, cost reduction, and regulatory reform.

PPP prediction market tool monitoring shows that the probability of "BTC reaching $85,000 during the remaining period of August" on Polymarket has risen to 44%, an increase of 26% in 24 hours. Additionally, the probability of it reaching $90,000 has risen to 12%, an increase of 6% in 24 hours.According to the settlement rules, this market is based on the Binance BTC/USDT trading pair. Within the specified month in the title (from 00:00 on the 1st of the month to 23:59 on the last day, Eastern Time), if the highest price of any 1-minute candlestick is equal to or higher than the specified price in the title, it will be settled as Yes immediately; otherwise, it will be No. This market only considers the 1-minute candlestick High price of Binance BTC/USDT, and prices from other exchanges, trading pairs, or spot markets are not included.

According to TrendForce, at Hot Chips 2026, Micron emphasized that the progress of AI computing power is faster than storage improvements, and the challenge of the "storage wall" is becoming increasingly prominent. Micron Fellow Raghu Sriramaneni pointed out that the computing power of AI accelerators increases approximately threefold every two years, while the bandwidth of HBM increases by less than double during the same period, and the gap may further widen. The deepening reliance on HBM also brings reliability issues; Micron cited Meta Llama 3 data indicating that HBM failures account for about 17% of unexpected training interruptions. New designs that blur the boundaries between computing and storage may help break through the bottleneck.The expansion of HBM also brings area and supply pressures: the latest generation of packaging integrates two GPUs with eight 12-layer HBM4 stacks, with storage accounting for about 90% of the semiconductor area, more than eight times the area occupied by GPUs; achieving equivalent capacity with HBM requires about three times the wafers of standard DDR5 DRAM. Thermal management has also become a key constraint, with solutions such as liquid cooling and ultra-thin chips being explored.Micron is advancing innovations in interconnect, packaging, and cooling, including SerDes and die-to-die PHY optimized for storage, larger size SiP and advanced packaging with glass substrates, as well as liquid cooling and hybrid bonding, and is developing fusion bonding to reduce thermal resistance and enhance data throughput.

According to The Block, Las Vegas businessman Brent Kovar was convicted by a jury for his involvement in a $24 million cryptocurrency Ponzi scheme and faces a maximum of 280 years in prison.The U.S. Department of Justice stated that Kovar used investor funds to operate Profit Connect and repaid old investors with new funds under the guise of mining profits.

Theo Hourmouzis, General Manager of Anthropic for Australia and New Zealand, stated at an event hosted by the National Australia Bank that the company's Australian clients lag behind their global counterparts in utilizing the programming capabilities of the Claude chatbot, but are more inclined to use it for simple tasks.Hourmouzis cited Anthropic data indicating that approximately 5.8% of Claude's usage in Australia pertains to basic tasks such as invoice processing, inventory management, and general administration, which is higher than the global level of about 4.7%. He pointed out that local usage tends to lean more towards backend and practical work.