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Samsung Electro-Mechanics and Qualcomm are jointly developing organic bridge technology for 2.1D packaging, with related development and validation ongoing for over a year. The organic bridge is similar to the silicon bridge used in Intel's EMIB but is made with organic materials and produced using substrate processes to connect multiple semiconductor chips within the same package.Samsung Electro-Mechanics embeds the organic bridge in FC-BGA substrates with grooves, connecting Qualcomm chips and evaluating performance and reliability. Qualcomm is considering using it for large multi-chip semiconductors in data centers and applied for related patents in October 2024. Samsung Electro-Mechanics is also developing this technology in parallel with several other customers.The organic bridge aims for 5 to 7 layers of redistribution layers, with line widths and spacings of 1.5 to 2 microns, and vias of 4 to 5 microns, achieving a pattern density of 500 to 1000 per millimeter between chips. Samsung Electro-Mechanics is self-manufacturing and evaluating samples while also assessing external suppliers and collaborating with Samsung Electronics' wafer foundry for packaging evaluations.

JPMorgan expects the Federal Reserve to raise interest rates by 25 basis points in September and December 2026, up from the previous forecast of a single rate hike in December.

Anthropic, OpenAI, and Google are discussing the establishment of an AI industry standards organization. Anthropic CEO Dario Amodei has called for AI companies to coordinate on technical testing and audits. OpenAI founder Sam Altman expressed support for the establishment of testing and auditing organizations but believes that large AI labs should establish industry standards organizations on their own rather than relying on the U.S. government.

Research institution Galaxy Research recorded a reorganization event at Bitcoin block height 966500, where mining pools Spiderpool and Antpool simultaneously discovered two valid blocks pointing to the same parent block, leading to a brief competition. Ultimately, the Antpool block joined the chain with a higher cumulative work, while the Spiderpool block was discarded.Galaxy Research stated that this is the third single-block reorganization that has occurred in Bitcoin in the past four weeks, with the previous two occurring at block heights 962722 and 963853. Its nodes only observed the block after the Antpool block completed confirmation and continued to extend on it. When a single-block reorganization occurs, the network will ultimately continue to build along the chain with the higher cumulative work, while the other block is removed from the chain. Monero has experienced an 18-block reorganization, and Bitcoin SV had a 100-block reorganization in 2021; if a transaction is in a block that is replaced, its confirmations will disappear.

Cointelegraph reported that Morgan Stanley set a target price of $250 for Coinbase, implying an upside potential of about 43%, as its business expands beyond cryptocurrency.

According to Arkham monitoring, Morgan Stanley has continuously increased its holdings of Bitcoin through its spot Bitcoin exchange-traded fund MSBT for three consecutive days, spending a total of 15.81 million dollars to acquire approximately 203.446 BTC. As of now, its total Bitcoin holdings have surpassed 7,800 coins, currently reaching 7,855 coins, valued at over 600 million dollars.

On-chain detective ZachXBT posted on his personal channel that Revolut allegedly leaked some users' personal identifiable information (PII) due to failing to recognize a forged government agency information request.According to his disclosure, Revolut previously received a request for customer information retrieval that appeared to come from a real government agency and was sent through the agency's official email domain. Because the email had valid domain authentication information, Revolut believed the request was legitimate and responded accordingly.The potentially involved data includes users' names, birth dates, occupations, addresses, email addresses, and phone numbers, as well as copies of passports or driver's licenses, identity verification selfies, account statements, IBANs, withdrawal records, and complete transaction histories, including Bitcoin transaction records. Revolut stated in the notification sent to users that no biometric facial telemetry data was leaked.ZachXBT indicated that the scale of the incident may currently be limited, but it appears to primarily target high-net-worth users. Several Revolut users received notifications regarding the related security incident yesterday. Revolut officials had previously reminded users to verify suspicious information through in-app customer service to avoid providing personal or financial information.

On-chain monitoring shows that the Morgan Stanley subsidiary MSBT Bitcoin ETF received 51.58 BTC from Coinbase Prime one hour ago, amounting to approximately 4 million dollars.In the past two weeks, the ETF has received a total of 641.87 BTC, approximately 50.6 million dollars, with the related address being bc1qa3ph5cax0vwc36rl4r9qsgvjr0ax6r4qm2t38l.

Former Alameda Research CEO Caroline Ellison has joined the nonprofit organization Manifund. Manifund co-founder Austin Chen stated that Ellison will be responsible for developing the organization’s donation platform and enhancing its charitable work. Ellison has been on a trial basis at the organization since July, transitioned to full-time in August, and has been posting work updates under the alias "Carol."Ellison pleaded guilty in December 2022 to fraud and conspiracy charges related to the collapse of the FTX exchange in 2022, which resulted in billions of dollars in customer losses. She cooperated with prosecutors and testified against FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison. Ellison is set to begin serving a two-year sentence in November 2024 and will be released early in January 2026 for cooperating with the investigation.Chen stated in a post, "I believe in redemption. Caroline has acknowledged her mistakes, is working to repay creditors, and has served time in prison. I hope the world can recognize that too." Ellison expressed excitement about her new position, apologized for her past actions, and thanked Austin for giving her a second chance, stating that he judges her based on her current work performance rather than her past. According to its website, Manifund focuses on artificial intelligence safety and effective altruism projects.

Morgan Stanley stated that although market expectations indicate that data center investment will slow down, the growth of AI semiconductor suppliers may continue to exceed the broader growth of cloud spending by 2028 due to strong demand for advanced chip packaging.It is expected that the total capacity of advanced packaging will grow by about 50% by 2028, while the capital expenditure growth of cloud service providers will be 12%.

J.P. Morgan Private Bank macro investment strategist Patrick Ernst stated that the European Central Bank raised interest rates by 25 basis points as expected, which has a limited impact on the euro to dollar exchange rate.Ernst pointed out that the dollar may still dominate the market. If the U.S. CPI data exceeds expectations, it could weaken the upward momentum of the euro against the dollar. The U.S. CPI data for August will be released on Friday.

JPMorgan upgraded Meta Platforms (META.O) from Neutral to Overweight and raised the target price from $640 to $820.

According to Onchain Lens monitoring, Morgan Stanley's MSBT Bitcoin ETF has accumulated another 94.56 Bitcoins and withdrawn them from Coinbase Prime, worth approximately 7.54 million dollars.In the past 4 days, the ETF has received 355.33 Bitcoins, worth approximately 28.3 million dollars.

JPMorgan believes that the core issue currently facing Nvidia is not a lack of demand, but rather supply constraints limiting its growth potential. Nvidia's management recently informed JPMorgan that if supply constraints can be lifted, the company's business scale could even double year-on-year.JPMorgan analyst Harlan Sur maintained an "Overweight" rating on Nvidia after meeting with the Nvidia investor relations team and kept the target price at $320. Nvidia's management expects the company's business to grow by about 70% year-on-year in fiscal year 2028, but Sur believes that, based on the current customer demand situation, the actual potential growth capacity may be even stronger. Meanwhile, Nvidia's visibility into future demand is also improving. Sur stated that the reason the company's management provided an early growth outlook for fiscal year 2028 is due to a significant gap between their internal demand assessment and Wall Street forecasts. Releasing this expectation early also helps suppliers and other partners plan capacity in advance for higher future demand levels.

According to Securityweek, artificial intelligence security company HiddenLayer has completed a $100 million Series B funding round, led by Delta-v Capital, with participation from Booz Allen Ventures, Microsoft's M12, Morgan Stanley, and Ten Eleven Ventures. To date, the company has raised a total of over $155 million.HiddenLayer focuses on protecting the entire lifecycle security of generative AI, predictive AI, and AI Agents. Its enterprise platform includes features such as AI asset discovery, AI supply chain security, attack simulation, and runtime protection. The new funding will primarily be used to expand the runtime security capabilities of AI Agents, particularly targeting AI programming Agents.

According to on-chain analyst Yu Jin's monitoring, in the past day, the institution continued to transfer 39,500 ETH to multiple CEXs, worth 95 million USD.In the 4 days since August 30, the institution has transferred a total of 142,800 ETH to multiple CEXs, worth 345 million USD, with an average price of about 2,420 USD. The institution's address also holds 29,735 ETH, worth 70.9 million USD.

ARK Invest researcher Lorenzo Valente compares Ethereum, Solana, and Hyperliquid to McDonald's, Chipotle, and In-N-Out, respectively, believing that the three are not different versions of the same L1 business model, but rather have completely different value capture structures.Valente believes that Ethereum is similar to a franchise system, expanding through L2 but charging too little on the settlement layer, even claiming it has established the most successful franchise system in crypto, yet forgot to send the bill; Solana resembles a direct sales model, retaining more value within its own system through transaction fees, priority fees, and MEV; Hyperliquid relies on highly vertical integration, no VC, and fee buybacks of HYPE, possessing the shortest value capture chain, but facing risks of a more concentrated product, team, and revenue sources.

The Block's investigation shows that on the social trading app Fomo and Robinhood's self-custody wallet Robinhood Wallet, users can directly purchase Memecoin using credit cards via Apple Pay or Google Pay without completing a separate KYC identity verification. Transactions can also accumulate points or cash back rewards as normal credit card rewards. The media tested the purchase of WIF, and transactions on the Visa and Mastercard networks were classified under merchant category code MCC 5815 (digital goods media), rather than the cryptocurrency asset categories MCC 6012 or 6051 as stipulated by card organization rules, which typically come with crypto tags and do not earn rewards.These transactions are supported by the Token Checkout product from the crypto infrastructure company Crossmint. Crossmint insists that this classification is appropriate, citing the joint guidance released by the SEC and CFTC in March of this year, which views certain Memecoins like WIF as "digital collectibles." However, Chase stated that the Visa transaction was not marked as a cryptocurrency purchase and that the classification was incorrect, and they have initiated a case review with Visa; the New York Attorney General's office also stated that it is reviewing the matter. Vanderbilt University law professor Yesha Yadav and other payment experts believe that the SEC's position and card organization rules represent "two completely different systems."

According to Decrypt, the Gwangju Police Agency in South Korea arrested four Uzbek suspects in April under the Anti-Terrorism Financing Act and disclosed the case on Tuesday. One of them is listed on Interpol's Red Notice. The police stated that this is the first case involving cryptocurrency flowing out from a recognized terrorist organization and then being funneled back to fund physical goods.According to police investigations, from August 2024 to April 2025, the alleged mastermind transferred 4,267 USDT to the Syrian terrorist organization "Katibat Tawhid wal Jihad" (KTJ) in seven transactions. KTJ was established in 2014 and is mainly composed of Central Asian militants, recognized as a terrorist organization by the United Nations and the United States.Additionally, the mastermind is accused of receiving cryptocurrency from KTJ to purchase 11 used cars and 2 excavators, with a total value of approximately 170 million Korean won (about 121,000 USD), which were then shipped to Syria. The other three suspects are alleged to have assisted in the purchase and export of these vehicles.The police stated that previous terrorism-related cases mostly involved remittances to terrorist organizations, while this case is the first instance of receiving funds from a terrorist organization and reverse procuring and supplying vehicles.Investigations revealed that the mastermind rotated operations among three personal wallets, with the vehicle purchase funds deposited into an account under his spouse's name, and he presented someone else's driver's license when arrested. He entered South Korea in 2017 on a student visa, graduated from a university in Daejeon, and has been illegally residing since 2023. He denied the main charges during his first court hearing in June, claiming that the remittances were for family living expenses and that he did not know the identity of the vehicle purchasers. The police stated that the investigation also led to the capture of a second suspect listed on the Red Notice, and the case is still ongoing.

The prediction market platform Kalshi has permanently banned former U.S. Congressman George Santos and fined him $71,356 for manipulating a market related to his attendance at the State of the Union address, profiting nearly $18,000. This is the first time the exchange has imposed a lifetime ban on a former member of Congress.According to a disciplinary notice issued by Kalshi's compliance department on August 28, Santos conducted multiple large transactions in this market between February 2 and 25. Since he was able to influence the outcome, exchange rules prohibited him from participating in trading. He subsequently issued a series of public statements regarding his attendance, some of which were false or misleading, intending to drive price movements in the "Yes" and "No" contracts. The compliance department determined that these statements did indeed manipulate prices, allowing him to profit $17,839.57 in the relevant market, violating multiple rules regarding market manipulation, influencing trading outcomes, and using deceptive practices, and he faced additional penalties for failing to cooperate with the investigation.The prediction market allows users to bet on the outcomes of real-world events such as elections, sports, and economic data by purchasing "Yes" or "No" contracts. As event contracts have become mainstream, Kalshi and its crypto-native competitor Polymarket have seen a surge in trading volume over the past year, attracting significant institutional interest.