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The price of Zcash (ZEC) has risen to its highest level since 2016, with a market capitalization surpassing $20 billion. According to CoinGecko data, ZEC once reached $1,249.28 before falling back to around $1,195, having increased approximately 45% over the past week and 138% over the past 30 days. However, the current price is still below the historical high of $3,191.93 set on October 28, 2016.This round of increases is primarily driven by Grayscale converting its Zcash Trust into an exchange-traded fund (ETF). The product code is ZCSH, which began trading on NYSE ARCA on August 25, allowing investors to gain exposure to ZEC through brokerage accounts. As of last Friday's close, the ETF reported $83.77, with assets under management reaching $463.2 million. Zcash allows users to choose between public transactions and "shielded" transactions, the latter utilizing zero-knowledge proofs to verify payments without disclosing the sender, receiver, or transaction amount.Grayscale's research director Zach Pandl stated in an analysis on August 31 that this could become a "must-have" feature for privacy-focused users. Pandl pointed out that artificial intelligence might increase the demand for financial privacy by making it easier to associate public blockchain transactions with user identities.

During the weekend market closure of traditional markets, perpetual contract types of stocks may have already priced in the stock market trends. According to RootData, most popular stocks are above the last after-hours levels:Semiconductor Triple Long ETF (SOXL) is currently at $125.65, up 7.59% from the last trading day's after-hours reference price of $116.79;SanDisk (SNDK) is currently at $1,785.09, up 3.07% from the last trading day's after-hours reference price of $1,731.88;Micron Technology (MU) is currently at $1,043.54, up 2.84% from the last trading day's after-hours reference price of $1,014.74;iShares Semiconductor ETF (SOXX) is currently at $532.09, up 2.62% from the last trading day's after-hours reference price of $518.48;Intel (INTC) is currently at $98.16, up 2.46% from the last trading day's after-hours reference price of $95.80;SK Hynix (SKHY) is currently at $179.44, up 2.08% from the last trading day's closing reference price of $175.78;VanEck Semiconductor ETF (SMH) is currently at $578.73, up 2.06% from the last trading day's after-hours reference price of $567.05;SpaceX (SPCX) is currently at $150.54, up 1.87% from the last trading day's after-hours reference price of $147.78;IREN (IREN) is currently at $43.96, down 1.59% from the last trading day's after-hours reference price of $44.67;AMD (AMD) is currently at $483.59, up 1.58% from the last trading day's after-hours reference price of $476.08;

According to the latest stock derivatives exchange ranking released by RootData, WEEX has the largest spread among the Top 10, with MEXC in second place, reaching 0.078% and 0.052% respectively. In contrast, Binance, which ranks first overall, has a spread of only 0.008%, with 60% of exchanges having spreads below 0.02%.It is reported that this spread is weighted by the 24-hour trading volume, and a higher value usually indicates higher trading costs.

CryptoQuant analyst Axel Adler Jr. stated that the 30-day change rate of Bitcoin's realized market capitalization turned positive on August 24 after being negative for 87 consecutive days, and rose to +0.88% on September 6. The realized market capitalization reached $1.068 trillion, increasing by $9.36 billion over the past 30 days, indicating an improvement in the on-chain cost basis after a long-term contraction, and continued to rise during the period when Bitcoin's price fluctuated around $80,000.

Citigroup released a research report stating that it has initiated coverage on Zhongji Xuchuang (03308.HK) H shares with a buy rating, based on a forecasted price-to-earnings ratio of 16.2 times for 2027, with a target price of 1,524 Hong Kong dollars.The bank expects the company's revenue and net profit compound annual growth rates from 2025 to 2028 to reach 129% and 149%, respectively, benefiting from strong demand for AI optical communication, bandwidth upgrades, rapid capacity increases, improved product mix, rising adoption of silicon photonics technology, and operational leverage. The bank believes that the company's comprehensive product portfolio, scalable production capacity, cutting-edge technological advancements and R&D capabilities, flexible and resilient supply chain, as well as solid relationships with leading global cloud service providers and AI clients, are likely to support its leading position in the AI era.

Bitcoin price fell nearly 1% to around $79,700, as escalating conflicts between the United States and Iran pushed oil prices higher. The U.S. Central Command confirmed on Saturday that it struck three Iranian oil tankers located near Halk Island, Jask, and the Gulf of Oman. Admiral Brad Cooper stated that if Iran attacks U.S. vessels, the U.S. will impose a higher economic cost.The U.S. Central Command updated maritime blockade data, stating that since resuming operations on July 14, it has redirected 92 merchant ships, disabled 3, and boarded 2 for inspection. Oil prices rose by 1% in both the U.S. and European markets, with WTI at $92.72, marking a cumulative increase of over 6% in the past seven days. The rise in oil prices could exacerbate global inflation, making it more difficult for central banks, including the Federal Reserve, to cut interest rates.Additionally, the U.S. employment data for August released last Friday was stronger than expected, reinforcing expectations for an interest rate hike by the Federal Reserve. However, Trump immediately posted on Truth Social calling for a rate cut, stating that a strong nation means lower interest rates. This uncertainty may dampen risk appetite for Bitcoin and the broader market. Furthermore, late Sunday night, the Liquid Network, used by exchanges as a settlement layer, suffered a $320 million attack.

ASUS and Gigabyte, among other graphics card manufacturers, plan to raise product prices in the mainland Chinese market again in September, by up to 500 yuan (approximately 2,300 New Taiwan dollars). The price increase effect will also boost the performance of ASUS, Gigabyte, MSI, Leadtek, and Chengqi.According to reports from mainland Chinese media IT Home, ASUS will raise the net cost price of the NVIDIA RTX 5070 series by 150 to 300 yuan in September, while prices for other series models will remain unchanged. Gigabyte will increase the price of all models in the NVIDIA RTX 5060TI 16G series by 200 yuan in September, while other models will remain the same. AMD's RX 9070 XT series will increase by 200 yuan; the RX 9060 XT 16G/8G series will increase by 200 to 250 yuan; and the RX 7650 GRE series will increase by 400 yuan.The main reason for the price increase is the shortage of memory, and production capacity has also shifted towards manufacturing AI computing power GPUs. NVIDIA has again lowered the overall shipment volume of consumer GPUs by 15% to 20% for the third quarter, and the estimated supply for various brands in September is similar to that in August, with supply still tight. The high-end models such as the NVIDIA RTX 5080 and 5070 TI remain among the most out-of-stock models. This year, NVIDIA has raised graphics card prices multiple times, and September marks another increase.

The Bitcoin fork asset BTCB2 reached a historical high of $1799 on September 5. In the past 4 hours, its price fluctuated between 750 and 1000 USDC; the Neoxa USDC market had a trading volume of approximately 1 million dollars in the past 24 hours.BTCB2 originated from a chain split that occurred on August 8, 2026, at block height 961632. The network subsequently changed its proof-of-work algorithm to Blake2 and reduced the block size, which can now be mined by ASIC miners compatible with Blake2. Neoxa Exchange and Nonkyc.io have listed BTCB2, with the former offering BTC, USDC, and USDT trading pairs, while the latter provides USDT trading pairs. Both platforms have limited liquidity, and CoinMarketCap and CoinGecko have not yet included this asset.Based on a BTCB2 price of $1000, its fully diluted valuation is approximately $20.9 billion. Since UTXO must first be split from Bitcoin to avoid potential replay attacks, the network's hash rate has increased by 30.41% in the past 7 days, reaching about 5.1 PH/s.

Co-founder of Arbitrum Steven Goldfeder and co-founder of Solana Toly engaged in a debate over on-chain transaction fees, MEV protection, and the single sequencer model.Steven stated that one cannot simply compare surface-level fees. Arbitrum One and Robinhood Chain actively prevent front-running and most harmful MEV, while some chains that claim lower fees have higher MEV costs, including front-running against retail investors. He expressed a preference for paying clear fees upfront rather than incurring hidden losses from front-running, sandwich attacks, and other issues for the sake of lower fees.Toly countered that Arbitrum currently has a less favorable bid-ask spread and higher fees. The 10% cut taken from transaction fees alone translates to a cost in basis points that exceeds the loss rate from sandwich attacks, which he estimates to be about 10 times that of the latter, not accounting for the impact of the spread. He emphasized, "A single sequencer that pursues shareholder value maximization can never outperform permissionless competition."

Serenity posted a reminder that the fundamentals of storage shortages have not changed and may even become more acute. The market will shift from one bottleneck sector to another, but the companies themselves remain unchanged; what changes are the valuations and narratives. Serenity added several pieces of evidence suggesting that the storage supply-demand gap may be worse than the market expects: Nikkei reported that Japanese distributors claim the storage demand gap has reached 40% to 60%, and prices may rise by about 50% by the end of the year; SpaceX has not accounted for the approximately $1.3 trillion capital expenditure from ultra-large cloud providers, and total spending may exceed expectations; SanDisk's expected gross margin of 80% is expected to be maintained until 2030; and order visibility for companies like Samsung has extended to 2031.Serenity emphasized that storage stocks are highly volatile, with some of its positions showing unrealized gains of over 270%, making them easier to hold. However, the company's operational fundamentals and short-term stock prices often do not align. The same logic applies to other bottleneck areas such as optical modules, CW lasers, and substrates; after a rebound in stock prices, there is no need to assume that shortages have ended. Storage prices and supply-demand structures remain tight, and market sentiment and valuation narratives are rapidly rotating.

Starknet lending protocol Vesu announced that an oracle incident occurred on September 4. A malfunctioning upstream Pragma price source led to the abnormal liquidation of 47 positions and $3 million in collateral across multiple Vesu liquidity pools between 04:08 and 04:10 UTC. The price source self-corrected within two minutes and has not been affected since.Pragma has collaborated with relevant parties to deploy a fix for the root cause, and Vesu expects liquidity pool curators to lift the suspension of the pools in the coming hours. Vesu stated that its contracts are operating as designed, the protocol has no vulnerabilities, and no fixes need to be deployed; the issue was due to incorrect input prices. Vesu is working with Pragma, StarkWare, Starknet Foundation, and liquidity pool curators to recover the funds taken through these liquidations. Affected users should keep their Earn positions open to avoid losing refund eligibility; if liquidated during the incident, please submit a support ticket on Discord. A complete technical report will be released soon.

According to Catcher Predict monitoring, in the market prediction event "Bitcoin September Price Prediction" on Polymarket, the "Yes" option for the sub-market "Breakthrough $80,000" has experienced a sharp fluctuation in winning probability, soaring from 76.55% an hour ago to the current 95.15% (a fluctuation of 18.6%). Please note the impact of related breaking news.

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 the Guangzhou Daily New Flower City report, a man in Guangzhou lent 1 virtual currency to a friend, agreeing to return it two days later. After the other party failed to return it on time, he was sued, with the plaintiff requesting the return of the virtual currency or compensation at market price.The Guangzhou Intermediate People's Court ruled that the relevant virtual currency lending agreement was invalid and did not support the return of the virtual currency or compensation at market price. Virtual currency belongs to online virtual property, and the borrower should still compensate the lender for property losses, ultimately ruling to compensate 199,600 yuan based on the cost price at which the lender purchased the virtual currency.

According to monitoring by Catcher Predict, in the "Bitcoin September Price Prediction" event on the prediction market Polymarket, the "Yes" option in the sub-market "Above $97,500" has experienced severe fluctuations in winning probability, dropping from 50.95% an hour ago to the current 12.6% (a fluctuation of 38.35%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the "Bitcoin price prediction from August 31 to September 6" event on the prediction market Polymarket, the "is" option for the sub-market "breakthrough $88,000" experienced a dramatic fluctuation in winning probability, soaring from 4.1% an hour ago to the current 49.8% (a fluctuation of 45.7%). Please note the impact of related breaking news.

According to monitoring by BitcoinTreasuries.NET, investment bank Alliance Global Partners, which manages $2.3 billion in assets, has given Strategy (stock code: MSTR) a buy rating for the first time, with a target price of $217. This indicates a 75% upside potential.

Binance customer service responded to user inquiries regarding losses from AKEUSDT contract trading, stating that during September 3, 05:44 (UTC+8), the AKE token experienced severe price fluctuations across the entire market. Multiple mainstream trading platforms and on-chain trends were basically consistent, indicating market volatility rather than abnormal pricing on a single platform.Binance explained that since Binance has not launched AKE spot trading, the AKEUSDT contract price is calculated based on the spot market prices across the entire network, rather than Binance's own spot market. The liquidation mechanism uses the mark price, which comprehensively references multiple market price data to reduce the impact of abnormal fluctuations. After verification, Binance's system is operating normally, and no anomalies were found in the pricing mechanism; this incident falls under the normal risk of leveraged positions in extreme market conditions.

Nikkei Chinese reported on September 3 that demand for AI servers from Nvidia is driving the semiconductor memory DRAM market to accelerate upward. The price of general DRAM products used in personal computers and other devices increased by 5% month-on-month, while products for industrial equipment saw double-digit increases. Memory manufacturers are prioritizing the supply of AI server-specific memory, and its ripple effect is further spreading.In addition to being used in personal computers, cameras, and smartphones, DRAM is also installed in AI servers and other devices in data centers, serving as temporary data storage. As sellers, memory manufacturers negotiate monthly or quarterly with equipment manufacturers and module manufacturers, who act as buyers, to determine bulk transaction prices. The bulk transaction price for the 16Gb specification of the general model DDR5 used in PCs, game consoles, and servers was set at approximately $40.2 in July, an increase of 5% month-on-month. Prices have risen for seven consecutive months, and executives from electronics trading companies stated that they have reached a historic high.

According to on-chain analyst Ai Yi's monitoring, Majic has lost $6.161 million in the past 7 days, gained $4.202 million in the past 30 days, and has a total account cumulative loss of $30.7 million.Currently, Majic still holds long positions in BTC and ETH worth approximately $128 million. Among them, 39,100 ETH long positions have an unrealized loss of $980,000, with a liquidation price of $2,342.78, about $60 away from the current price; 440 BTC long positions have an unrealized gain of $175,000.