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According to Hyperbot data, the whale Loracle continues to increase its position in the 3x leveraged PONS short, currently holding 25,747,236 PONS, with a position value of approximately 21.078 million USD.

According to on-chain analyst Ai Yi's monitoring, trader Loracle has opened a 3x short position on PONS on Hyperliquid since September 3, holding 25.04 million PONS (approximately 19.41 million USD), with an opening average price of 0.6553 USD, accounting for 19% of the total PONS holdings on Hyperliquid, and is still continuously adding to the position, currently facing an unrealized loss of nearly 3 million USD. This trader has created a zero-fee fork version of Pons.Overseas analyst @mlmabc posted on September 6 to publicly solicit funds to jointly target this short position, stating that there are already commitments of eight-figure capital. Loracle's short liquidation price is 1.83 USD, meaning PONS needs to rise another 128% to trigger liquidation. A similar hunting operation targeting 50x leveraged Bitcoin shorts on Hyperliquid in March 2025 had previously attracted attention.

Future Asset Securities analyst Kim Young-gun stated that the expansion of Samsung Electronics' HBM shipments for AI applications is expected to offset the impact of the slowdown in growth of general-purpose memory chips next year. It is anticipated that Samsung Electronics' HBM shipment capacity and average selling price will soar by 57% and 49% respectively by 2027, expected to surpass the projected growth rates of 16% and 20% for general-purpose memory chips.Future Asset expects Samsung's earnings to be weighed down by the strengthening of the Korean won against the US dollar, but overall, it will remain robust. The agency has lowered its operating profit forecast for Samsung in 2026 by 5.7% to 370.057 trillion won and reduced it by 4.2% to 535.682 trillion won for 2027.

Researcher Schulz_Research stated that China's storage advancement is no longer a story of a single company, but rather a division of labor among three companies: CXMT is responsible for DRAM wafers, YMTC is responsible for NAND and has added DRAM in its latest factory, and the foundry controlled by YMTC, XMC, is responsible for stacking products from both. This division corresponds to the rules set by Beijing since late December last year, which state that new factory approvals must show that at least half of the equipment is domestically sourced, with exemptions only granted when there are no domestic options available. YMTC's Wuhan Phase III is the first advanced storage project to pass this rule and is set to begin production later this year.CXMT operates three 300mm DRAM factories, each producing about 100,000 wafers per month; models indicate it will reach 350,000 wafers by the end of 2026, and if all announced projects are completed, the total will exceed 600,000 wafers. YMTC's first two factories in Wuhan have a combined capacity of 200,000 wafers, with Phase III expected to reach 50,000 wafers by 2027 and full production of 100,000 wafers, along with plans to build two more factories of similar scale. XMC has two 12-inch factories, each with about 30,000 wafers, and an HBM packaging line producing about 3,000 wafers per month. China supplies about 10% of the global DRAM bits, with YMTC accounting for 14% of NAND bit shipments in the second quarter, and China consumes about 30% of global storage.CXMT has begun mass production of DDR5 and LPDDR5 and plans to start mass production of HBM3 this year, having already sent samples to domestic AI hardware developers. XMC has spent two years building HBM packaging based on hybrid bonding and YMTC's stacking IP, and is still advancing TSV technology.

According to Catcher Predict monitoring, in the market prediction event on Polymarket for "Valorant: 100 Thieves vs LOUD - VCT Americas Stage 2 Playoffs," the option "100 Thieves" in the sub-market "Match Winner" has experienced a drastic fluctuation in win probability, dropping from 81.5% an hour ago to the current 58.5% (a fluctuation of 23%). Please note the impact of related breaking news.

Serenity posted a reminder that the fundamentals of storage shortages have not changed and may even become more acute. The market will shift from one bottleneck sector to another, but the companies themselves remain unchanged; what changes are the valuations and narratives. Serenity added several pieces of evidence suggesting that the storage supply-demand gap may be worse than the market expects: Nikkei reported that Japanese distributors claim the storage demand gap has reached 40% to 60%, and prices may rise by about 50% by the end of the year; SpaceX has not accounted for the approximately $1.3 trillion capital expenditure from ultra-large cloud providers, and total spending may exceed expectations; SanDisk's expected gross margin of 80% is expected to be maintained until 2030; and order visibility for companies like Samsung has extended to 2031.Serenity emphasized that storage stocks are highly volatile, with some of its positions showing unrealized gains of over 270%, making them easier to hold. However, the company's operational fundamentals and short-term stock prices often do not align. The same logic applies to other bottleneck areas such as optical modules, CW lasers, and substrates; after a rebound in stock prices, there is no need to assume that shortages have ended. Storage prices and supply-demand structures remain tight, and market sentiment and valuation narratives are rapidly rotating.

According to Catcher Predict monitoring, the predicted market on Polymarket for the event "Valorant: NRG vs LOUD - VCT Americas Stage 2 Playoffs" shows that the "NRG" option in the sub-market "Map 3 Winner" has experienced a drastic fluctuation in win rate, dropping from 55.5% an hour ago to the current 14% (a fluctuation of 41.5%). Please note the impact of related breaking news.

This set of posts seems to be the first public exposure of James's formal relationship with Polymarket. Polymarket, as well as representatives from James and the 76ers, did not immediately respond to The Block's request for comment. Previously, James's free agency decision generated approximately $273 million in related contract trading volume across major prediction platforms, according to Legal Sports Report, surpassing any single basketball game; data from Front Office Sports indicated that the related trading volume on Kalshi was about $226 million, while Polymarket's international platform exceeded $43 million.Most traders bet on the wrong outcome: before the official announcement, the odds of the 76ers winning were only about 9%, while the Heat were around 45%. James subsequently signed a two-year, $8 million contract with the 76ers, which includes a player option. Additionally, James had signed a multi-year talent ambassador agreement with DraftKings in 2024. Some fans expressed criticism of James's collaboration with prediction platforms in social media comments.

According to Catcher Predict monitoring, in the prediction market Polymarket for the event "St. Louis Cardinals vs. Colorado Rockies," the option "St. Louis Cardinals" in the sub-market "St. Louis Cardinals vs. Colorado Rockies" has experienced a drastic fluctuation in winning probability, dropping from 84% an hour ago to the current 12.5% (a fluctuation of 71.5%). Please note the impact of related breaking news.

The Central Cyberspace Affairs Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Agriculture and Rural Affairs, and the Ministry of Commerce jointly issued the "Implementation Plan for Promoting Coordinated Transformation and Development of Digitalization and Greening (2026-2030)", proposing to advance the coordinated transformation of digitalization and greening during the "14th Five-Year Plan" period.The plan emphasizes empowering green and low-carbon transformation with digital intelligence technology, achieving low-cost and high-efficiency applications of artificial intelligence by 2030, significantly improving the energy efficiency of computing facilities and 5G base stations, promoting renewable energy electricity consumption in key areas such as computing facilities to reach the responsibility weight level of the respective provinces, and deepening the digital and green applications in agriculture, manufacturing, trade, consumption, and urban operation, strengthening intelligent governance of the ecological environment and digital carbon management, and solidifying the foundation for coordinated dual transformation and international cooperation.

According to South Korean media Greened.kr, Samsung Electronics and Arm have officially launched a joint research and development project for edge AI chips. Arm approved a one-time engineering fee at the end of August for the development of the next-generation edge AI SoC chip and officially started the project with Samsung Electronics.The project adopts a collaborative model where Arm provides core technology, and Samsung Electronics integrates and implements it, aiming to jointly develop customized chips for end customers.

The Bank of Korea stated that thanks to Samsung Electronics and SK Hynix actively expanding domestic production facilities, South Korea's leading advantage in memory chip capacity is expected to further expand.The Bank of Korea expects that new chip factories to be put into production by 2028 will increase South Korea's monthly wafer capacity by approximately 600,000 wafers.

According to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) has signed a Memorandum of Understanding (MoU) with the BlackRock-backed tokenization platform Securitize to advance the tokenization and digital asset infrastructure development in the UAE and Dubai. Both parties stated that the agreement will establish a collaborative framework to support regulated tokenization initiatives, promote institutional participation, and strengthen Dubai's digital asset ecosystem.A VARA spokesperson stated that the memorandum aims to combine VARA's regulatory perspective with Securitize's experience in institutional tokenization to determine how the collaboration can help Dubai develop a trustworthy and regulated tokenization market, with no specific projects to be announced at this stage. Carlos Domingo, co-founder and CEO of Securitize, stated that Dubai is one of the most forward-looking jurisdictions for global digital asset innovation, and collaborating with regulators is crucial for tokenization to move from concept to mainstream financial infrastructure.At the time of this announcement, investor demand for tokenized assets continues to rise. According to RWA.xyz data, the total number of tokenized asset holders has increased by 103% over the past 30 days to 3.2 million, and the total value of tokenized assets has grown by 2% to $38.5 billion. Securitize is currently the largest tokenization platform globally, with a tokenized asset management scale of $4.9 billion, while Ondo Finance ranks second with $3.5 billion.

According to CoinDesk, digital bank SoFi has partnered with cryptocurrency exchange Kraken to interconnect their respective financial infrastructures. Kraken's parent company Payward will join SoFi's settlement network SEN, allowing its institutional clients to transfer dollars and manage liquidity around the clock without waiting for traditional bank operating hours.Meanwhile, Kraken will launch the bank-issued stablecoin SoFiUSD from SoFi, while SoFi will use Kraken Prime as an additional source of liquidity for its clients' cryptocurrency trading. SoFi CEO Anthony Noto stated that the financial system should not close when financial markets remain open; Payward co-CEO David Ripley noted that millions of users will purchase cryptocurrency assets for the first time through the applications they use daily, and the underlying infrastructure should connect deep, liquid markets.This collaboration is part of SoFi's return to the digital asset space. SoFi has already provided cryptocurrency trading in its app and launched the dollar-backed stablecoin SoFiUSD, and in April of this year, it introduced Big Business Banking, integrating corporate banking with digital asset services. Both parties indicated that future collaborations may also expand to payments, fund management, lending, and other digital asset services.

The Korea Electric Power Corporation is negotiating a multi-billion dollar electricity prepayment plan with Samsung Electronics and SK Hynix to raise funds for the power grid needed to build a new semiconductor industry cluster. According to the current plan, Samsung Electronics will prepay 200 trillion won, and SK Hynix will prepay 50 trillion won, totaling 250 trillion won, which is approximately equivalent to the electricity costs for the next five years.In a statement, Korea Electric Power said that the large-scale electricity prepayment system is a mechanism that meets the needs of companies urgently needing to expand the power grid and Korea Electric Power, which requires investment funds. Specific details, including the amount of prepayment and the coverage period, have not yet been finalized.

Ramp's data head Ara Kharazian posted that Ramp's latest data shows that AI company revenues are highly dependent on a small number of clients, with 80% of OpenAI and Anthropic's corporate revenue coming from 1% of clients, and this situation has not improved.Kharazian stated that this level of concentration risk is not seen in any other software category he tracks, with the top 1% of client companies heavily skewed towards the technology sector and AI products and services, especially as OpenAI and Anthropic approach their IPOs.

Research institution Delphi Digital stated that hardware limitations are driving Chinese laboratories to shift towards cheaper models and more efficient technology stacks. Export control restrictions limit their access to advanced chips, while domestic accelerators can handle inference, but cutting-edge training remains difficult to achieve. Chinese laboratories are innovating in system efficiency, model architecture, training data, and reinforcement learning. DeepSeek has found a way to avoid GPU idle data movement, and ByteDance and Moonshot are set to release similar versions within months.In terms of architecture, training is shifting to cheaper digital formats that are compatible with domestic chips. Sparse architectures reduce the runtime per token, and the attention mechanism has been redesigned three times to control the memory costs of long context. In terms of data, denser prediction targets and better optimizers enhance the learning signal per token. In reinforcement learning, DeepSeek's GRPO has become the default recipe, with ByteDance, Alibaba, and MiniMax each launching successor plans within a year. Chinese models are now among the lowest-cost cutting-edge adjacent systems.On OpenRouter, the proportion of token consumption by Chinese developed models is expected to rise from less than 1.2% at the end of 2024 to the majority by 2026. The Chinese AI market is experiencing a price war from 2024 to early 2026, with several laboratories implying revenue multiples of about 47-117 times, while Anthropic and OpenAI are around 15-21 times. Huawei's Ascend chips are currently available for inference, and DeepSeek reportedly attempted to train R2 on Ascend but returned to NVIDIA after encountering technical issues. Domestic accelerator supply remains below estimated demand.

According to Catcher Predict monitoring, in the Polymarket event "Baltimore Orioles vs. Colorado Rockies," the "Over" option in the sub-market "O/U 11.5" has experienced significant fluctuations in win probability, dropping sharply from 37.5% an hour ago to the current 21.5% (a fluctuation of 16%). Please note the impact of relevant breaking news.

According to sources in the materials industry, on September 2, TSMC is expected to continue using traditional micro-bump technology rather than hybrid bonding in the short term for connecting high-bandwidth memory (HBM) with AI accelerators in advanced packaging. Considering the development cycle of related materials, finer pitch micro-bumps are expected to be used until the later stages of HBM4 and the early stages of HBM5. TSMC has requested its materials and equipment partners to develop bonding and underfill solutions for approximately 5-micron bumps, with suppliers from South Korea and Japan beginning development, and mass production of 5μm bumps expected to start in the second half of 2028.Currently, the bump height of the third-generation extended HBM, namely HBM3E, is about 15-25μm, while HBM4 is close to about 10μm. Japanese material suppliers have previously stated that it is difficult to guarantee quality below 15μm. The reduction and refinement of bumps are due to the height limitations of HBM cubes and the demand for higher interconnection density. JEDEC specifies that the maximum height for HBM stacks is 775μm. In TSMC's advanced CoWoS packaging, the HBM stacks assembled by GPU and memory suppliers are mounted onto the silicon interposer via micro-bumps, with the 16-layer DRAM chip stacks completed within HBM packaging by SK hynix and Samsung Electronics.The first and second generations of HBM used larger solder bumps, while micro-bumps became mainstream around the HBM3 generation. SK hynix uses the MR-MUF process, while Samsung Electronics uses TC-NCF. Hybrid bonding allows for thinner and denser interconnections through direct bonding of copper pads; TSMC has utilized this on its SoIC platform for logic chip stacking, but HBM still connects to the interposer using micro-bumps.