performance

Chairman of BitMine, Tom Lee, stated on CNBC that next week could be a turning point for the stock market. Currently, AI stock trading has stagnated, mainly suppressed by concerns over data centers and political opposition in the United States.The key issue is whether confidence in AI can return after the stagnation. If NVIDIA CEO Jensen Huang can demonstrate that the demand for AI computing power remains strong at the upcoming event, it will help to reinject confidence into the market and drive the AI sector out of its consolidation.Tom Lee also emphasized that uncertainty surrounding the Federal Reserve continues to accumulate, and the upcoming public appearances of a series of Federal Reserve officials will become another significant market signal. The S&P 500 has recently hovered around 7678 points, with a cumulative decline of about 1.4% this week, as the market grapples with dual concerns over the sustainability of AI capital expenditures and the path of monetary policy.Next week's positioning is a key window to observe the market's directional choice. Whether the signals of AI demand can resonate with expectations of Federal Reserve policy will determine the short-term direction of risk assets.

According to market news, Strive's SATA fundraising amount is expected to be sufficient to purchase more than 160 bitcoins.

Crypto KOL Ansem stated in a podcast that Robinhood is a potential dark horse in this market cycle, due to its public support for on-chain activities (including meme coins and RWA) and its rapid listing of tokens.Ansem believes that Robinhood's proactive stance may attract more retail liquidity and innovative projects, highlighting the traditional financial platform's quick adaptation to the crypto space.

AI chip startup Etched recently completed a $700 million financing round at a valuation of $21 billion, but its technology claims are facing industry skepticism. The well-known hacker George Hotz's AI computing team, the tiny corp, publicly criticized Etched's marketing approach: there are many investors, orders, and hardware photos, but there is too little third-party data to truly verify performance.Etched's core selling point is LVI (Low Voltage Inference) technology, claiming it allows trillion-parameter sparse MoE chips to run at over 80% of theoretical peak computing power (MFU). Chip design professional Wesley Yue raised technical doubts about this: high MFU does not necessarily represent absolute performance—if the chip's peak computing power is low, even with an 80% utilization rate, actual performance may still lag behind competitors. Yue believes that Etched's design "does not make sense from first principles" and may be a result of repackaging after its early Transformer ASIC faced power consumption issues.Etched has not yet disclosed complete computing power, power consumption, and third-party benchmark data; the official website only states that "early customer tests have reached leading levels," and detailed performance data will be "released later." There is currently no evidence to prove that Etched is fraudulent. Etched has not publicly responded to this matter.

Cerebras released its fourth-generation AI inference system CS-4 this week, based on the same 5nm WSE-3 wafer, achieving double the performance by doubling the clock frequency and power consumption. A single CS-4 cabinet accommodates 3 wafers (CS-3 has 2), featuring a modular "backpack" design that simplifies manufacturing and deployment, with a TDP of approximately 125 to 135kW. The CS-4 can provide an inference speed of nearly 4000 tokens/second/user, about twice that of the CS-3, and supports decomposed inference with heterogeneous systems such as AMD and AWS Trainium.Cerebras claims that the CS-4 offers about 2000 times the on-chip memory bandwidth of NVIDIA's Rubin (43PB/s), but the 44GB SRAM capacity remains unchanged, and long-context inference still requires multi-wafer stacking. For example, with the DeepSeek V4 Pro (1.6T parameters), approximately 20 systems are needed for a 1M context window, and about 40 systems are required for 256 concurrent users, corresponding to a CAPEX exceeding 20 million USD. Cerebras is collaborating with clients such as OpenAI and plans to achieve approximately double performance improvements each year, aiming for a 20-fold throughput increase by 2027. The "backpack" cabinet design of the CS-4 will continue into the next-generation "Nexus" platform.

Bitcoin News posted on platform X that BlackRock found through an analysis of the rolling 10-year period ending May 2026 that allocating 1% or 2% of Bitcoin in a traditional 60/40 portfolio can enhance the assumed annualized return and improve risk-adjusted performance.The analysis shows that the Sharpe ratio of the traditional 60/40 portfolio is 0.81; after allocating 1% Bitcoin, the Sharpe ratio rises to 0.9; after allocating 2% Bitcoin, the Sharpe ratio rises to 0.96. The portfolio with a 2% Bitcoin allocation also generates an alpha of 1.85% with a maximum drawdown of 20.9%; the traditional 60/40 portfolio has a maximum drawdown of 20.3%.BlackRock stated that Bitcoin remains a "unique portfolio diversification tool and currency alternative option," and long-term investors may increasingly consider moderate Bitcoin allocations outside of traditional holdings.

DWF Labs posted on X that, based on fund size, the ETH spot ETF has outperformed the BTC spot ETF in terms of fund flows since June. In June, the net outflow of the ETH ETF accounted for 4.65% of the fund size, lower than the BTC ETF's 8.09%; in July, the net inflow of the ETH ETF accounted for 3.19%, while the BTC ETF was 0.34%, making the former approximately 9.4 times that of the latter.DWF Labs pointed out in May that institutions generally lacked interest in ETH, and net fund flows gradually decreased. However, this trend began to change in the past few weeks.

Upbit operator Dunamu announced its performance for the second quarter of 2026, with quarterly revenue of 173.5 billion won (approximately 12.3 million USD) and operating profit of 23.5 billion won (approximately 1.665 million USD), a decrease of about 26% and 73% respectively compared to the first quarter.In the first quarter, Dunamu's revenue was 234.6 billion won (approximately 16.6 million USD) and operating profit was 88 billion won (approximately 6.234 million USD). Dunamu stated that the decline in performance this quarter was mainly affected by the overall liquidity contraction in the global digital asset market, leading to weakened investor sentiment.

B.AI platform announces the official launch of Grok 4.6 on the B.AI API. Compared to Grok 4.5, the new version achieves a comprehensive leap in complex task handling, deep reasoning, and overall intelligence level, demonstrating significant leading performance in the GPDVal-AA V2 evaluation, further expanding the application boundaries in large-scale reasoning and high-difficulty task scenarios. This launch simultaneously opens up dual-channel access for "official" and "self-selected service providers," and introduces an exclusive 40% discount for both official and self-selected service providers, enabling developers to easily access Grok 4.6 with more flexible choices and lower costs, enjoying cutting-edge AI computing power. Starting today, users can experience the upgraded capabilities through the B.AI API.

According to SoSoValue data, the overall cryptocurrency market sector shows a slight upward trend, with Bitcoin (BTC) rising 0.57%, breaking through $65,000; Ethereum (ETH) rising 0.48%, breaking through $1,900. The meme sector performed outstandingly, rising 0.36% in 24 hours, with Tutorial (TUT) rising 52.38%, Pump.fun (PUMP) rising 11.39%, and Pepe (PEPE) and FLOKI rising 2.47% and 2.81%, respectively.In other sectors, the Layer1 sector rose 0.27% in 24 hours, with Solana (SOL) rising 1.44%; the PayFi sector rose 0.25%, with Monero (XMR) rising 3.8%; the CeFi sector rose 0.14%, with Aster (ASTER) rising 1.59%; the Layer2 sector fell 0.23%, with zkSync (ZK) rising 2.41%; the DeFi sector fell 0.91%, with Curve DAO (CRV) rising 6.39%; additionally, the AI sector fell 1.76%, but Worldcoin (WLD) rose 6.61%; the GameFi sector fell 3.97%, with Audiera (BEAT) falling 6.65% and WEMIX falling 3.08%.The cryptocurrency sector indices reflecting historical market trends show that the ssiNFT, ssiMeme, and ssiAI indices rose 2.85%, 0.63%, and 0.6%, respectively.

According to The Block, research firm Bernstein reaffirmed its "Outperform" rating and maintained a target price of $140 after Circle announced its Q2 2026 financial results, believing that the company's latest performance constitutes a "reverse validation" of the market's bearish views. Bernstein analysts stated that the market currently underestimates USDC's long-term growth potential and Circle's advantages in distribution channels, liquidity, and regulatory compliance, due to two major core concerns regarding Circle—intensifying competition in stablecoins and changes in the interest rate environment that may affect reserve income.Investors may not have fully accounted for the future revenue opportunities from transaction fees, partner ecosystems, and the Arc blockchain that Circle could generate. The firm specifically pointed out that several infrastructure initiatives recently advanced by Circle, including obtaining a national trust bank license in the U.S., expanding the Circle Payments Network, and the planned launch of the Arc public chain mainnet on September 16, could all become future growth drivers. Additionally, Bernstein noted that Circle has raised its guidance for other revenues and profit margins after deducting distribution costs for 2026, expecting to confirm approximately $180 million in Arc token presale revenue.Analysts believe that future staking yields, gas fees, and ecosystem partnership revenues from Arc have not been fully reflected in current valuation expectations. As of the end of Q2, the circulating supply of USDC was $73.3 billion, a decrease of 5% from the previous quarter but an increase of 19% year-over-year. Bernstein believes that Circle is shifting from a purely crypto trading infrastructure to payments, real-world asset (RWA) tokenization, and broader financial infrastructure, which will drive USDC into the next phase of growth. Circle's stock closed at $63.28 on Wednesday, and Bernstein's target price of $140 implies a potential upside of about 121%.

According to SoSoValue data, the cryptocurrency market sector shows mixed performance. The DeFi sector rose by 1.61% in 24 hours, with ZEROBASE (ZBT) increasing by 20.98%, SoSoValue (SOSO) rising by 12.37%, and Uniswap (UNI) up by 5.08%. Meanwhile, the Layer2 sector increased by 0.22%, with Mantle (MNT) rising by 0.85%.In addition, the Layer1 sector fell by 0.33%, but Aptos (APT) rose by 1.89%; the PayFi sector decreased by 0.7%, with Monero (XMR) relatively strong, increasing by 3.43%; the CeFi sector dropped by 0.96%, while Gate (GT) rose against the trend by 2.16%; the Meme sector fell by 1.46%, with MemeCore (M) increasing by 2.49%; the NFT sector decreased by 3.85%, within which, Audiera (BEAT) continued to decline by 10.28%.

According to Gate market data, on August 5, global stock markets showed mixed performance. In Asia, the Shanghai Composite Index rose by 56.15 points, an increase of 1.47%, closing at 3,878.43 points; the Shenzhen Component Index rose by 258.49 points, an increase of 1.86%, closing at 14,144.2 points; the CSI 300 Index rose by 57.22 points, an increase of 1.24%, closing at 4,658.15 points; the ChiNext Index rose by 46.18 points, an increase of 1.32%, closing at 3,535.14 points; the STAR 50 Index rose by 77.31 points, an increase of 4.78%, closing at 1,693.67 points.The Hong Kong Hang Seng Index rose by 62.9 points, an increase of 0.24%, closing at 25,915.82 points. In Europe, the German DAX30 Index fell by 83.97 points, a decrease of 0.32%, closing at 26,139.29 points; the UK FTSE 100 Index rose by 10.68 points, an increase of 0.1%, closing at 10,890.06 points; the French CAC40 Index rose by 2.67 points, an increase of 0.03%, closing at 8,669.3 points; the Euro Stoxx 50 Index fell by 7.45 points, a decrease of 0.11%, closing at 6,479.25 points; the Spanish IBEX35 Index rose by 31.2 points, an increase of 0.16%, closing at 20,054.8 points; the Italian FTSE MIB Index fell by 99.5 points, a decrease of 0.19%, closing at 53,441 points.In the US stock market, the Dow Jones Index rose by 263.06 points, an increase of 0.49%, closing at 54,348.94 points; the S&P 500 Index fell by 13 points, a decrease of 0.17%, closing at 7,723.52 points; the Nasdaq Composite Index fell by 221.55 points, a decrease of 0.83%, closing at 26,363.44 points.

Lido Finance officially released a governance update, and Lido DAO has officially opened on-chain voting for the NEST automated buyback mechanism, with the voting window from August 5 to August 8 at 14:00 UTC.NEST is a set of automated, rule-based on-chain mechanisms that directly link the performance of the Lido protocol with the LDO token. The relevant design and parameters were approved through Snapshot voting in May. The core logic of NEST is to systematically buy back LDO tokens in decentralized markets through protocol revenue or liquidity controlled by the protocol, thereby continuously capturing the value growth of the protocol at the token level. The execution of the mechanism will revolve around the liquidity pair of LDO and wstETH, and specific implementation details are still being updated in the community forum.If this on-chain vote is approved, Lido will shift from a buyback plan driven by periodic governance to a continuous, predictable automated value distribution model.

According to Jinshi reports, Federal Reserve's Schmid stated that the overall economic performance is good, and the growth is resilient.

According to SemiAnalysis, AMD reached a performance-based warrant agreement with Meta and OpenAI from the end of last year to the beginning of this year. The warrants will vest in batches based on the two companies' procurement and deployment of up to 6GW of AMD Instinct GPUs, while AMD's stock price must exceed a tiered target (up to $600).As AMD's stock price has risen from around $200 in early 2026 to the current $500-600, SemiAnalysis estimates that the GPU capital costs for Meta and OpenAI have decreased from about $2.15/hour and $2.50/hour to approximately $1.60/hour and $1.75/hour, respectively. If AMD's stock price rises to $600-700, the capital cost of the GPUs themselves will approach zero; if it further exceeds $1000, the total capital cost of the entire cluster (including servers, networks, and CPUs) will effectively be zero for both companies. This analysis is based on the assumption of linear vesting and the premise that the entire 6GW capacity is deployed, and the specific terms of the warrants have not been disclosed.

The B.AI API officially launched its first "official 10% discount group," providing users with highly reliable AI calling services through official direct connection channels while balancing model invocation stability, service quality, and cost efficiency. The first batch supports the Claude series models, with more mainstream models set to be opened successively. Meanwhile, the platform's "self-selected service provider" model offers discounts as low as 20%, granting users full autonomy to flexibly weigh performance, stability, and cost based on the actual needs of their business scenarios, achieving optimal configuration.