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KB Securities warned that the inventory of memory semiconductors at Samsung Electronics and SK Hynix has fallen to less than 10 days of supply, and the available supply next year will be significantly insufficient. The agency reported on Monday that investment in artificial intelligence infrastructure is expanding at an unprecedented pace, leading to a severe supply shortage in the memory chip market. A key factor is the transition to HBM4, which requires about three times the wafers of traditional DRAM, and limited wafer capacity will reduce the available capacity of traditional DRAM.KB Securities expects that next year, the demand for DRAM and NAND will exceed supply by more than 10 percentage points. Research director Kim Dong-won stated that artificial intelligence servers will consume HBM, server DDR5, and enterprise-grade solid-state drives, potentially leading to a historic shortage. Global hyperscale data center operators have raised their expectations for artificial intelligence infrastructure investment next year to $1.3 trillion, a 60% increase from the previous year. The agency anticipates that memory semiconductors will account for 57% of total investment in artificial intelligence infrastructure next year, up from 14% last year, with TrendForce estimating this ratio could reach as high as 68%. Samsung Electronics' stock price has dropped nearly 28% from its peak, while SK Hynix has fallen nearly 40%.

DeFi researcher Ignas stated that Robinhood previously set a record of over $6 million in daily transaction fees, with about 10% flowing to Arbitrum, while the revenue ultimately distributed to Ethereum L1 was "pitifully small."Ignas believes that this model may not be entirely unacceptable. Just as Uber initially used subsidies to achieve growth, Ethereum might attract traditional financial businesses into its ecosystem through L2 and gradually increase "rent" after a high conversion cost is established in the ecosystem. However, if Ethereum developers can formulate a clear strategy to first attract more L2 and then monetize once the conversion costs are sufficiently high, this could actually become a favorable long-term business model for L1. Yet, there is currently no clear strategy seen in Ethereum's roadmap, and he questioned, "Am I misunderstanding?"

According to CoinGlass data, the current price of BTC is approximately $80,737, with a 24-hour increase of 3.52%.With the recent strengthening of the BTC market, the 24-hour trading volume of Bitget BTC contracts is about $4.127 billion, a month-on-month increase of 52.79%.

According to The Block, Bernstein expects that the Bitcoin mining company IREN will achieve an annual revenue of $17 billion from its AI cloud business by 2030, at which point cloud capacity will expand to approximately 2 gigawatts.Bernstein anticipates that IREN will cease its Bitcoin mining operations by the end of 2026 and notes that the pricing for three-year AI cloud contracts has increased by about 125% since last November.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: Unicorns Of Love Sexy Edition vs Kaufland Hangry Knights," the "Yes" option for the sub-market "Both sides kill the Baron" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

The Chair of the Financial Stability Board and Governor of the Bank of England, Andrew Bailey, warned G20 finance ministers and central bank governors that cybersecurity threats posed by cutting-edge AI models are significantly increasing the risk of a financial system collapse. Bailey stated that the global financial system is already strained due to energy-driven inflation pressures, a high interest rate environment, and rising investment leverage, and that the involvement of AI risks will exacerbate this pressure.Bailey pointed out that financial institutions and tech giants must prepare for extreme scenarios, as existing financial defense systems will face severe tests if there are synchronized disruptions involving multiple institutions or shared technology dependencies. He mentioned that models tested by labs such as Anthropic and OpenAI have demonstrated the ability to simulate attacks on external organizations and create false identities, and he suggested developing bare-metal backup systems that are completely physically isolated from the main network.Bailey also listed threats that could trigger disorderly market adjustments, including the fragile state of stock market valuations driven by the AI boom, weakness in the sovereign debt market and private credit sector, and investors continuously increasing leverage in the stock market.

Chairman of Bitmine, Tom Lee, recently stated in an interview with the "Milk Road Show" that asset tokenization and AI intelligent finance will become the core narratives of the cryptocurrency market in the next five years. Ethereum is expected to become the underlying settlement layer of the global financial system, and currently, ETH is still severely undervalued relative to BTC.Tom Lee believes that in the remaining time of 2026, ETH may be driven by four major catalysts: the U.S. "Clarity Act" is expected to pass in September, the return of off-exchange short sellers and hesitant funds, the reallocation of crypto assets by Asian funds, and global institutional fund managers chasing top-performing crypto assets under quarterly performance pressure. He predicts that the ETH/BTC exchange rate is likely to return to the historical high of 0.08. Even if it conservatively recovers to 0.04, if BTC reaches $150,000, the corresponding price for ETH will also reach $6,000. Tom Lee also emphasized that Bitcoin still has long-term upward potential, but the larger narrative for the cryptocurrency industry in the next five years will be the "super cycle of comprehensive asset tokenization" and "AI intelligent finance."

According to Coinglass data, the Coinbase Bitcoin premium index has turned positive again, currently reported at 0.005% (yesterday it was -0.0086%), and buying sentiment in the U.S. market is beginning to warm up.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, increased market risk aversion, or capital outflow.

Meta is testing robots for maintaining its artificial intelligence system data centers, including machines for replacing network cables, rebooting servers, and inspecting equipment. According to WIRED, Meta has tested robots from San Francisco's Watney Robotics, Quebec's Kinova, and Zurich's ABB to reduce labor costs. An employee estimated that a successful cable replacement robot could replace up to 80% of the work in certain positions, but the machine currently cannot match human speed.Meta's robotics program has raised concerns, with employees believing that automation may reduce the demand for experienced technicians and shift remaining work to low-wage positions operated by AI instructions. A Meta spokesperson stated that the U.S. is experiencing the largest infrastructure boom since World War II, with a severe shortage of skilled workers, and the company needs more workers, not fewer. Currently, robots still require human supervision and face challenges with obstacles, battery life, visual inspections, and handling dense cabling.Nvidia and Alibaba are also developing systems to improve robot training. ACE Robotics Chairman Wang Xiaogang stated that embodied AI could experience a "ChatGPT moment" by the end of 2027. Additionally, Microsoft co-founder Bill Gates proposed taxing robots and AI tokens, believing that the current tax system may make machines cheaper than employees.

Federal Reserve Chairman Waller stated, "Although the PCE and CPI data released this summer were better than expected, they did not convince me that there has been a meaningful improvement in the underlying trend of inflation." "Market prices reflect that the market believes we will achieve price stability. I can assure you that the market's judgment is correct."Waller then stated that with inflation rates above 2%, the Federal Reserve's "current top priority should be prices." This highly anticipated speech by Waller comes at a time when there is criticism of its streamlined communication strategy. Economists and market participants believe that this strategy lacks clear articulation regarding the recent economic and monetary policy outlook.Waller's speech seems to address these concerns, as he elaborated more deeply than before on his views regarding the economic situation and the focus of Federal Reserve policy under his leadership. He said, "Let us also clarify another aspect of our goals: price stability will not be achieved automatically, and inflation will not necessarily return on its own. Achieving price stability is the responsibility of the Federal Reserve." It is expected that Waller will not answer questions posed by on-site central bank officials and economists.

According to The Block, research and brokerage firm Bernstein stated that Bitcoin mining company IREN plans to invest $25 billion to $30 billion to expand its AI cloud business in fiscal year 2027. This scale of capital expenditure may "scare the market," but analysts believe investors are overlooking the improving economic benefits.Bernstein analyst Gautam Chhugani pointed out in a report to clients on Friday that the payback period for GPU capital expenditures has shortened from about three years under the 2025 Microsoft contract to about two years. IREN's fiscal year 2026 performance released on Thursday showed that AI cloud service revenue grew nearly eightfold from $16.4 million the previous year to $128.8 million, while Bitcoin mining revenue reached $578.2 million, a year-on-year increase of 19%. Total revenue rose from $501 million to $707 million, but the company recorded a net loss of $702.6 million, partly reflecting a $638.8 million impairment due to the retirement of Bitcoin mining hardware to support AI cloud expansion.Bernstein stated that IREN currently has an annualized run rate revenue of $1 billion from operating cloud and $4 billion in contract revenue, with its 2026 capacity nearly sold out. In addition to the expected $700 million related to the Nvidia contract in 2027, IREN's total contract cloud ARR amounts to $4.7 billion. Over the past 12 months, IREN has raised $19 billion through customer prepayments, GPU financing, convertible bonds, and equity issuance.

CryptoQuant published an analysis stating that the Bitcoin Coinbase premium index rebounded to 0 on August 26 after being negative for 14 consecutive days. However, this rebound was accompanied by large-scale profit-taking: last week, realized profits averaged $933 million, a week-on-week increase of 824%; exchange inflows for 1 to 3-month tokens increased by 280%, and daily inflows to wallets holding 1,000 to 10,000 BTC reached 1,136 BTC (+235%).There are significant differences in exchange traffic: Binance had a net inflow averaging +2,184 BTC, while the overall exchange net outflow was -2,372 BTC, with Coinbase experiencing a single-day outflow of 3,499 BTC coinciding with the day the premium returned to zero. Long liquidations increased by 469%, far exceeding the 15% for short liquidations, and stablecoins continued to flow out, indicating that buying support is weakening. Analysts point out that history shows that under this structure, the probability of range-bound fluctuations or shallow corrections is higher than direct increases, and sustained upward movement requires the premium to remain above zero and stablecoin net inflows to turn positive; currently, only the first condition is met.

According to a notice from the U.S. Commodity Futures Trading Commission (CFTC), scammers are frequently impersonating government agencies, banks, investment firms, utility companies, or tech support personnel to lure victims into transferring funds via cryptocurrency ATMs, gift cards, unfamiliar applications, or courier services. They exploit the irreversible nature of transactions and the difficulty in tracing address ownership to carry out their scams.Data from the Internet Crime Complaint Center (IC3) of the FBI shows that in 2025, reported losses from scams involving cryptocurrency ATMs exceeded $388 million, a 58% increase from the previous year, with actual losses potentially higher due to underreporting.The CFTC states that legitimate government departments, financial institutions, and businesses will not ask users to transfer assets via cryptocurrency ATMs, gift cards, or courier services. If someone urges action by claiming "your account or identity is at urgent risk," or requests confidentiality, remote control of devices, or transfers to specified wallet addresses or QR codes, it should be considered a high-risk signal. Regulatory agencies recommend that users stop trading, independently verify information through official channels, and promptly report suspicious scams to the CFTC or FBI IC3.

Gold prices rose slightly on Thursday due to the depreciation of the dollar and ongoing concerns about the U.S. budget deficit. OANDA analyst Kelvin Wong stated that these factors support gold prices in the medium term. The market is paying attention to the speech of Federal Reserve Chairman Waller to understand the direction of monetary policy.The U.S. Treasury has expanded the scale of long-term bond purchases, raising concerns about the depreciation of the dollar, and gold prices rose more than 5% last week. In addition, the Prime Minister of Qatar will visit Tehran to restart diplomatic mediation.

Microsoft co-founder Bill Gates stated in an interview with The New York Times that artificial intelligence poses a serious threat to employment and human life, and addressing the associated risks should become "the world's top priority." He pointed out that the tech industry deliberately downplays these threats due to huge profits, and those who privately understand AI advancements are very concerned, but few executives are willing to admit this in public.Recently, Gates published a nearly 6,000-word article on his personal website, expressing his concerns about AI and proposing solutions such as taxation and bans. He stated that recent advancements in AI have far exceeded expectations, and the industry has ignored milestones that it had previously promised to treat with caution, such as AI going out of control or generating biological weapon formulas, and is currently pushing forward at full speed, hoping that the benefits will outweigh the harms.

NVIDIA (NVDA.O) Chief Financial Officer stated that the company plans to increase the return of remaining free cash flow to shareholders after strategic uses in the future.

Salesforce's stock price rose 12% in after-hours trading on the U.S. stock market, as its reported performance and guidance exceeded Wall Street expectations. The company's second-quarter revenue was $11.35 billion, with a net profit of $3.53 billion, an 87% year-over-year increase. It gained $2.6 billion from its investment in Anthropic.For the third fiscal quarter, adjusted earnings per share are expected to be between $3.42 and $3.44, with revenue between $11.42 billion and $11.5 billion. The full-year earnings per share are expected to be between $16.67 and $16.71, with revenue between $46.1 billion and $46.4 billion.