supply

According to the latest research by TrendForce, the tight supply of DRAM is expected to continue until 2027, and the uncertainty of the HBM4e verification schedule is prompting AI chip manufacturers to consider reducing the HBM configuration of their next-generation products. Starting from Q3 2026, NVIDIA has begun evaluating the HBM solution for Rubin Ultra, expanding from the original 12-Hi HBM4e to alternative options such as 8-Hi HBM4e, 12-Hi HBM4, and 8-Hi HBM4, with the final specifications yet to be determined. Previously, due to the expected supply bottleneck of LPDDR5X lasting until 2027, NVIDIA decided to halve the SOCAMM capacity of the next-generation Vera Rubin Superchip module.TrendForce pointed out that the main reasons for the downgrade of Rubin Ultra from 12-Hi HBM4e include: the overall DRAM shortage in 2027 will limit the allocation of wafer capacity to HBM, and there is still uncertainty regarding the mass production schedule and yield ramp-up of 12-Hi HBM4e. It is expected that the HBM bit shipment volume in 2027 will increase by approximately 50-60% year-on-year, which will still be insufficient to meet the growth in demand. HBM suppliers will maintain pricing power throughout 2027, and HBM prices are expected to rise significantly. The final configuration will depend on the wafer allocation decisions of memory suppliers.

According to Jinshi reports, the CEO of Saudi Aramco warned that geopolitical crises are intensifying, and unprecedented supply shocks are occurring.

According to Jinshi reports, China Merchants Securities released a research report stating that the AI industry is currently still facing real supply constraints, and there has not yet been a significant overall surplus. Large technology companies are still increasing investments in AI infrastructure, and customer demand for additional supply continues to grow.Microsoft's computing power utilization and SK Hynix's order situation indicate that the current industrial contradictions mainly manifest as insufficient supply of high-performance computing power, advanced storage, and data center support. Short-term investment opportunities can be focused on alleviating computing power bottlenecks.

CryptoQuant analyst Zizcrypto stated that the current percentage of unrealized losses for Bitcoin is 35.2%, which means that approximately 35% of the tracked supply is in a state of unrealized loss. This indicator is still above 20%, but has now fallen below the deep pressure range of 40%, far below the similar capitulation drop zone of 60%.This indicator broke through 40% around the end of June, reaching 42.2%, then dropped to 30.4% around July 21, and subsequently rebounded to 35.2%. In previous major bear market phases shown in the chart, after the first test of the 40% area, there is usually a period of pressure consolidation, after which the indicator tends to approach or exceed 60%, often leading to a capitulation-like drop. Zizcrypto believes that the current supply of unrealized losses is still high, but the latest data has fallen below the deep pressure range and has not yet reached capitulation-level pressure. However, levels above 40% and 60% remain key areas to watch.

Goldman Sachs published a research report stating that Samsung Electronics' operating profit for the second quarter met expectations. The firm raised its earnings per share forecast for 2026 to 2028 by about 2% and increased the 12-month target price from 480,000 won to 490,000 won. The firm expects that demand for memory will significantly exceed supply, with the gap widening in 2027 and supply remaining tight in 2028.Goldman Sachs pointed out that the company has signed long-term agreements with major data center customers, which will provide better profit visibility and downside protection.In addition, the company aims to become a leader in the AI memory market, with HBM4 expected to account for over 60% of HBM revenue in the second half of 2026, and anticipates significant upside potential for shareholder returns. The stock is currently trading at a forecasted price-to-earnings ratio of 3.1 times and a price-to-book ratio of 1.2 times, with a shareholder return rate close to 50%.

According to Onchain Lens monitoring, a wallet suspected to belong to BitMine (0xa662...1cC23) purchased 10,460 ETH through FalconX, worth approximately 19.48 million USD.BitMine holds over 4.8% of the ETH supply, making it the largest publicly listed Ethereum treasury in the world.

CryptoQuant analyst Darkfost stated that since December of last year, the supply of Bitcoin held for over one year has continued to increase, with the recent monthly average reaching +217,000 coins, indicating that many holders who bought at higher prices are still holding on.However, he pointed out that while this builds a solid foundation for the market, it also reflects the current weak demand—during the strong bullish rebound, the supply held for over one year has consistently been negative, as short-term holders rushed in during the bull market while long-term holders took profits. The analyst believes that Bitcoin is building the necessary foundation for a healthy bullish recovery, but this will take time, and rebuilding real demand is a long-term process. Patience is needed at present, but the overall trend is positive.

According to Jinshi reports, Apple CEO Tim Cook stated that the company is evaluating all options regarding memory supply to find alternative component suppliers.

According to Jinshi reports, Apple CEO Tim Cook stated that despite facing supply constraints and foreign exchange headwinds, Apple still achieved record sales in the third quarter.

According to Jinshi reports, as the demand for AI computing power surges, the global storage chip market is facing a severe supply shortage. In Huaqiangbei, Shenzhen, affected by Nvidia's new round of price increase notifications, graphics card manufacturers have completely stopped bulk shipments, and the supply of spot goods has rapidly tightened.Statistics show that the prices of mainstream storage products and graphics cards continue to rise, with the price of a 1TB solid-state drive increasing from 410 yuan last September to 950 yuan, a rise of 132%; the price of 16G DDR5 memory has increased by 311%; the price of the RTX 5060 graphics card has risen by about 30%, and the price of the RTX 5080 has risen by about 50%.

According to Aave founder Stani Kulechov, after completing a comprehensive review, Aave will gradually phase out 50 low adoption rate asset reserves across multiple deployment environments and orderly stop deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, involving an additional 25 asset reserves.In addition, 21 expired Pendle PT assets will also be eliminated and replaced by new expiring assets. This adjustment involves approximately $98.1 million in supply assets and $15.6 million in debt. Stani stated that this move aims to reduce the economic and technical risks of the protocol based on the new Aave risk framework and technical asset listing framework, and Aave will continue to assess the risks of assets in each deployment environment.

Zcash founder Zooko Wilcox posted on platform X, stating that some users believe there may be a secret increase in the supply of ZEC, and that it may take waiting for the Ironwood migration to complete or even months or years to confirm, but this view is incorrect.Zooko Wilcox stated that users can currently verify the current supply of ZEC themselves through their local computers, with data showing that the total supply of ZEC is 16,848,458 coins.

According to Jinshi News, Samsung Electronics expects that the chip shortage situation will further worsen next year and continue until 2028. The company stated that it is difficult to significantly increase supply in the short term, as it takes more than 3 years and 6 months from the construction of new production facilities to actual wafer production.Samsung Electronics pointed out that the popularity of AI is driving a surge in memory demand, especially as the memory demand for AI servers and general computing servers reaches unprecedented levels.

AI supply chain management startup Freehand announced the completion of a $75 million financing round, co-led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and the fund PSP Growth under former U.S. Secretary of Commerce Penny Pritzker.Freehand's AI agents can autonomously handle tasks such as contract interpretation, vendor rate negotiations, overbilling identification, payment processing, and ERP system reconciliation. Clients include leading companies such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.

EPIK creator Mando posted that the total supply of EPIK is 1 billion tokens, of which he has personally repurchased 356 million tokens and destroyed 154 million. Additionally, the liquidity pool (LP) has destroyed 81 million tokens.He stated that nearly 60% of the supply has disappeared and mentioned that he did not acquire 50% of the tokens through airdrops, but instead spent 3 years and seven figures to purchase a large number of tokens.

According to data compiled by CertiK Skynet, in the past week, the supply of USDD on the TRON network has significantly increased by approximately $145 million, surpassing a total scale of $1.23 billion, accounting for about 81.6% of the total USDD supply on the network. As of now, the total supply of USDD on the network is $1.55 billion, with a TVL exceeding $2.33 billion.Recently, with the hot progress of TRON DeFi Summer, the liquidity in the TRON ecosystem has shown an explosive trend, among which, the TVL of USDD on JustLend has exceeded $450 million. The official Chinese account of USDD stated, "The growth of USDD on TRON is unstoppable." This round of growth further consolidates its leading position in the TRON ecosystem and its top position in the entire stablecoin sector.

According to data compiled by CertiK Skynet, in the past week, the supply of USDD on the TRON network has significantly increased by approximately $145 million, bringing the total scale to over $1.23 billion, accounting for about 81.6% of the total USDD supply on the network. As of now, the total supply of USDD is $1.55 billion, with a TVL exceeding $2.33 billion.Recently, with the hot development of TRON DeFi Summer, the liquidity in the TRON ecosystem has shown explosive growth, among which the TVL of USDD on JustLend has surpassed $450 million. The official Chinese account of USDD stated, "The growth of USDD on TRON is unstoppable." This round of growth further consolidates its leading position in the TRON ecosystem and its top position in the entire stablecoin sector.

Renowned trader Killa stated that during the last Bitcoin bull market, about 80% of the cycle top indicators were never triggered, and similar situations may occur with future bottom indicators, so one should not mechanically rely on historical signals to determine market bottoms. He pointed out that the supply of long-term holders currently in a loss state has exceeded the levels during the FTX collapse and is approaching the levels seen during the 2018 bear market.Bitcoin's realized price is currently around $50,000, and in past cycles, the price has tested the realized price of long-term holders, so there is still a possibility of returning to that area. However, Killa indicated that it should not be assumed that Bitcoin will necessarily fall back to this level. Many top indicators in the last cycle failed to trigger, and some bottom indicators may also fail in the future. In any case, the current level of market losses is similar to that during the FTX incident and the 2018 bear market.