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According to South Korea's Chosun Ilbo, the export prices of DRAM in South Korea continue to soar, with AI-driven HBM production squeezing the supply of ordinary memory. Data shows that from the 1st to the 20th of this month, the export unit price of DRAM from South Korea reached $92,183 per kilogram, a year-on-year increase of 401%, and approximately 12.5 times higher than the low point in January 2023.Goldman Sachs expects the DRAM supply gap to widen from 5.0% this year to 5.9% next year, believing that the HBM required for AI servers and high-capacity server DRAM are absorbing limited production capacity, leading to further tightening of ordinary DRAM supply, with shortages potentially lasting until 2028. TrendForce predicts that by the end of next year, the wafer input for HBM production by Samsung, SK Hynix, and Micron will account for 30% of the total DRAM wafer input, but HBM will only account for about 13% of the actual DRAM bit supply.Memory manufacturers warn that the supply tightness of DRAM and NAND driven by AI demand may continue until after 2027. SK Hynix stated that from the supply side, 2027 could become the most severe shortage year in the history of the memory industry.

The Alibaba Qwen team will release Qwen 3.8-Flash-Next on Wednesday, which is a mixture of experts (MoE) model with a total of 125 billion parameters, but only 6 billion parameters are activated for each token. The team positions it as a preview version of the next-generation Qwen 4 architecture, rather than the final flagship model.The model is described as multimodal and is built on the upcoming Qwen 4 architecture. The team stated that the early release of this version is to prepare developers for the subsequent complete Qwen series. The model weights will be hosted on the Hugging Face and ModelScope platforms.As of now, Qwen has not disclosed the benchmark results for this model, nor has it released comparative data with its own Qwen 3 series or overseas competitors. The specific figures of 125 billion and 6 billion parameters have not been officially confirmed. As an open-weight model, developers can download, fine-tune, and run it for free without sending data to a closed API, which helps reduce the cost of hosting the model.

At last week's Bubble Mart 2026 mid-year performance press conference, Bubble Mart founder Wang Ning stated, "The first half of 2026 is a very special year for Bubble Mart. Despite the pressure and challenges, we have still delivered a satisfactory report card. We achieved over 20% growth in the first half of the year, with significant improvements in our IP matrix and organizational health. The performance of our new amusement park and dessert business exceeded expectations, and the brand's global recognition, favorability, and reputation continue to rise. The management team maintains long-term confidence in the group's future development."In addition, he stated, "The difficulties this year may be greater than we imagined, but we are confident in overcoming short-term challenges. In the next six months, we will initiate a share repurchase plan of no less than 2 billion yuan and no more than 5 billion yuan, which also proves our increasing confidence in the company's long-term development."

On August 24, SK Hynix is introducing advanced packaging technologies, including Intel's EMIB, for its next-generation HBM solutions and plans to eventually enter the 3D packaging era. At the 2026 Hot Chips conference, SK Hynix's Vice President of Packaging Engineering, Jaesik Lee, delivered a presentation titled "Advanced Packaging for High Bandwidth Memory," explaining how the company will leverage advanced packaging technologies to accelerate its HBM product roadmap.Currently, SK Hynix is exploring methods such as hybrid bonding to break through the limitations of 16-layer stacking. In the future, SK Hynix also plans to address power consumption challenges by increasing the number of TSVs, improving IO speeds of logic process integration, and optimizing power distribution networks. As of the time of publication, SK Hynix's stock rose by 1.71%.

Strive CEO Matt Cole stated that the BTC/gold ratio is sending a strong signal, indicating that the next Bitcoin cycle could be the strongest in history.Currently, there are two major structural factors: the long-term structural depreciation of the dollar, and Bitcoin has never experienced a true secular dollar collapse; and in an AI-driven prosperous world, capital will increasingly chase "scarce assets" that cannot be replicated. If Bitcoin can perform stronger relative to gold, it will attract a disproportionate inflow of funds, creating a positive feedback loop.

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.

Zhao Changpeng stated on the X platform that the fifth season of EASY Residency under YZi Labs is now open for applications, with a deadline of September 14. This season's recruitment directions include programmable capital and on-chain markets, AI infrastructure and computational economics, AI interfaces and consumer layers, as well as AI × biotechnology and programmable science. CZ also mentioned that the Demo Day for the fourth season of EASY Residency will be held next week in Bhutan, and he will attend.

Bitcoin recently rose to a monthly high, with Bitfinex analysts stating that this round of market activity is primarily driven by spot buying and short covering, rather than new leveraged funds, thus providing a longer duration compared to typical short squeeze scenarios. As investors who bought Bitcoin in the past five months are currently in a profit state, the main risk of the current upward trend comes from profit-taking chips flowing into trading platforms.Bitfinex believes that the U.S. Treasury's announcement on August 19 to expand the scale of long-term bond repurchases is an important factor driving the recent market activity. The initial phase of this rise was indeed driven by short liquidations. On the same day, the U.S. spot Bitcoin ETF recorded an inflow of $297.6 million. However, the subsequent price increase mainly came from spot buying. From the position structure, while Bitcoin prices rose by 10% to 11%, open interest (OI) only increased by about 4%, indicating that spot demand and short covering played a major role, while the impact of leveraged funds was limited.Bitfinex pointed out that the $68,000 to $69,000 range is currently an important support level, close to the average cost of buyers over the past five months. If Bitcoin maintains above this level, it will keep these investors in a profitable state, reducing the pressure of previously trapped chips selling during rebounds. In terms of funds, the U.S. spot Bitcoin ETF saw an inflow of $606.29 million on August 20, the largest single-day inflow since May 1, with BlackRock's IBIT contributing about 82%. Bitfinex stated that if fund inflows continue for a week, it will further strengthen the market demand structure.However, Bitfinex warns that the current biggest risk is a large amount of profitable Bitcoin flowing into trading platforms, which could trigger the largest profit-taking market since 2026. Analysts indicate that if real yields rise again to levels that previously suppressed Bitcoin from falling below $65,000, macro factors could still quickly impact the market.

Ray Dalio, the founder of Bridgewater Associates, warned that the annual budget deficit in the United States has reached $2 trillion, with approximately $10 trillion in debt needing to be refinanced. If the current trajectory is not changed, a debt crisis could arrive "within three years, with a two-year margin of error."In terms of asset allocation, Dalio advises investors to reduce their bond holdings to avoid debt risks; increase their allocation to gold, raising it to 10% to 15% of their portfolio; and hold a small amount of Bitcoin to hedge against government credit risk. Dalio also calls for the U.S. to reduce the budget deficit from the current level of about 6% of GDP to 3%, through measures including cutting spending, increasing taxes, and lowering interest rates.As a result of these statements, gold prices surged to their highest level since May on Friday, and Bitcoin broke through $77,000, marking the largest weekly increase since 2023.

Ethereum co-founder Vitalik Buterin published a new article titled "Obfuscation (Part 3): Local Mixing," which delves into a cryptographic obfuscation technique being explored—"Local Mixing." He claims it may become a new foundational cryptographic tool following elliptic curves, RSA, and lattice-based cryptography.Vitalik states that current mainstream obfuscation techniques mainly rely on complex mathematical assumptions, often resulting in extremely high computational overhead. In contrast, Local Mixing adopts a completely different approach, not relying on elliptic curves, large integer factorization, or lattice cryptography. Instead, it draws on experiences from symmetric cryptography and hash function design, continuously shuffling, reconstructing, and hiding circuit structures to eliminate information leakage while maintaining functionality.The Local Mixing technique primarily includes steps such as reversibility, hardening, mixing, splitting, crossing walk, and "gadgetization." By introducing random structures into the circuit, rearranging logic gates, and employing nonlinear hiding mechanisms, it makes it difficult for attackers to recover the original computational logic.Vitalik points out that this technology is still in its early stages, with security not yet validated over the long term and facing challenges such as random attacks and linear analysis. However, he believes that Local Mixing represents a completely new path for cryptographic exploration, aiming to construct more efficient indistinguishable obfuscation (iO) schemes.If breakthroughs in Local Mixing technology are achieved, it could lead to new quantum-resistant public key encryption schemes and promote the development of general obfuscation techniques. The field still requires years of cryptanalysis and optimization validation, but AI-assisted research may significantly accelerate this maturation process. Vitalik states that obfuscation technology is seen as the "final frontier" of cryptography because, theoretically, other cryptographic primitives can be constructed based on obfuscation and one-way functions. Local Mixing may not only reduce the costs of traditional obfuscation schemes but could also become an important direction for future cryptographic infrastructure.

The whale "Set 10 Big Goals First" posted on the X platform, stating that it has opened a short position again at $76,000. The logic is quite simple: "When I established a long position around $63,000, the target was originally $74,000. I believe the bull market has returned, and this judgment has not changed until now. However, I have always believed that this round should be a volatile upward trend. At least currently, from a macro and market structure perspective, I have not seen enough signals to support this trend."Currently, most of the short positions have been reduced. "Not because I have changed my judgment, but to control risk first. If there is a continued extreme upward pull here, $82,000 and $84,000 are both possible, so there is no need to take a full position to bet that my judgment is definitely correct.If the daily line effectively closes above $80,500, then I will admit my mistake on this trade, close everything, and take a break for a while. If it ultimately cannot hold here and weakens again, I will consider adding back the reduced short positions."The whale "Set 10 Big Goals First" reiterates its medium-term view as follows: "In the medium to long term, I still hold a bullish view on BTC, but being bullish in the medium to long term does not conflict with shorting locally. I am taking this short position to profit from the pullback during the upward process, not to view it as a bear market again. If I am wrong, I will admit my mistake above $80,500. I still believe that we will see $100,000 BTC by March next year."

UPBIT will start supporting the USDT trading market for Nexo (NEXO) on August 21 at 22:00. Users need to complete the NEXO deposit within 2 hours after the announcement is made. Please note that NEXO only supports deposits and withdrawals on the Ethereum network.

The recovery test of SpaceX's Starship is at a critical stage. Although the recovery of the first-stage booster has been successful multiple times, the recovery of the second-stage spacecraft has not yet been achieved. Musk recently announced that the recovery plan for the Starship second-stage spacecraft, originally scheduled for late August, may be postponed until the end of the year or early next year.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated that since May, after judging that the rebound had ended, he has mainly focused on one thing over the past two months: that July to August may be the last opportunity to bottom out in this round of BTC. With Bitcoin's daily level strongly breaking through the 120-day moving average and the 200-day moving average, while also breaking through the 20-week moving average at the weekly level, the BTC bear market trend has officially ended.He mentioned that the market is still bullish in the next two weeks, but after rising to a certain position, a pullback may still occur. The subsequent pullback will not exceed 50% of the upward movement. If investors use leverage, it is recommended to reduce long positions and refer to the weekly trends and pullback amplitudes during the 2023 upward cycle. This round of Bitcoin has dropped from a high of $126,000 to $57,000, with a maximum drop of about 56%. He believes that this drop has formed a cyclical low point, and it will be difficult for the market to see BTC prices starting with $50,000 again.

The Korean exchange Bithumb announced that it will add NEXO (NEXO) trading support in the Korean won (KRW) market, supporting only the Ethereum network, while other network deposits will not be supported. Deposits and withdrawals are expected to open within 2 hours after the announcement, with trading set to begin on August 21, 2026, at 13:00.To ensure a secure trading environment, temporary restrictions will be implemented during the initial launch: buying orders will be prohibited within 5 minutes after trading starts; within 5 minutes after the opening, selling order prices must not be lower than 10% of the benchmark price or higher than 100% of the benchmark price; only limit orders will be allowed for approximately 2 hours after the opening.

Crypto analyst Ali Charts posted on the X platform that Bitcoin has established strong support in the range of $61,849 to $63,111, where over 2 million BTC have changed hands previously. UTXO Realized Price Distribution (URPD) data indicates that there is almost no resistance ahead; if it breaks through $75,733, the next major supply zone will appear in the range of $83,307 to $84,569, where approximately 1 million BTC have changed hands previously.

U.S. Treasury Secretary Becerra stated that a press conference will be held next Monday to discuss actions related to the economic sanctions on Iran. The maximum economic pressure regarding Iran means that military action is unlikely to be restarted. The oil market has misunderstood the implications of economic pressure.

Strive CEO Matt Cole posted on the X platform, stating that for the past decade, he has believed that the US Dollar Index (DXY) is in a structural downtrend, and it may currently be approaching a larger downward phase, which will have a significant impact on Bitcoin.If this judgment holds, the next 5 to 7 years could become one of the most favorable macro environments in Bitcoin's history.