News linked to both this project and an event.
Odaily News "White-haired Stock God" Serenity posted on X, expressing optimism about storage chip maker Elite Semiconductor Memory Technology (ESMT, 3006) over the coming months, suggesting its trajectory could mirror the strong rally seen in SanDisk (SNDK).Serenity noted that a single DDR2 memory chip currently costs around $0.96. If the ASP (average selling price) triples, the cost per chip would increase by roughly $2. While this cost increase remains relatively limited for end products, sustained price hikes in memory products could have a significant impact on ESMT's own profitability. Additionally, SLC NAND is expected to see ASP increases of 120% to 170% in the second half of the year, with NOR Flash and other products also facing pricing upside expectations.Serenity stated that based on July performance, ESMT's current monthly net profit stands at approximately $111 million, with a market cap of around $2.8 billion, and believes there remains substantial room for valuation re-rating. Serenity noted that ESMT's current situation reminds them of early-stage SanDisk, but this opportunity is primarily concentrated in the legacy and specialty memory market.
France-based Bitcoin treasury company Capital B announced on Monday that it acquired 376 Bitcoin for €25.3 million (approximately $29.4 million), marking its largest Bitcoin accumulation since September 2025. Following this purchase, the company's Bitcoin holdings increased to 3,521, with a total acquisition cost of approximately €309.4 million and an average purchase price of around €87,878. The funding was sourced from a recently completed financing round, which included a €28.7 million private placement.
AMC CEO Adam Aron issued a post responding to Robinhood CEO Vlad Tenev, stating that his concerns over Robinhood’s stock tokens are “almost a matter of corporate survival.” He emphasized that U.S. securities laws are designed to protect investors, noting that AMC allocates substantial annual resources to maintain regulatory compliance. He questioned how Robinhood, as a U.S.-based company, can establish operations in Jersey—far outside U.S. jurisdiction—and market securities that essentially “masquerade as AMC” while evading U.S. securities regulations. Aron argued that the “fictional synthetic equity market” engineered by Robinhood severs stock token ownership from a company’s control over its own financing capabilities; these tokens do not constitute genuine equity and strip investors of core shareholder rights, including voting privileges. He called on Robinhood to voluntarily cease trading AMC stock tokens, warning that failure to do so would prompt AMC to pursue legal action to enforce a halt, and confirmed he would escalate the issue to the U.S. Securities and Exchange Commission.
According to Chaohiang Research, JPMorgan's September 2 investor meeting minutes for NVIDIA indicate that NVIDIA is "comfortable" with its guidance for 70% year-over-year growth in FY28, and this guidance is supply-constrained rather than demand-constrained; with sufficient supply, the business could grow more than double. Inference has become the largest and expanding segment of the data center business. Eighteen months ago, inference and training each accounted for roughly half, but currently inference exceeds training and will continue to rise. Advanced wafers and memory are the two major supply bottlenecks, and NVIDIA maintains close cooperation with TSMC and the three major memory suppliers. The customer base continues to broaden, with OpenAI and Anthropic currently accounting for approximately 20% of end-user demand, which may approach 25% by FY28; new cloud providers now account for over 50% of AI computing infrastructure. Open-source and closed-source models will coexist, and gross margins for model developers are improving. NVIDIA supports long-term demand through revenue sharing, the PORTS-Pike campus, and a $500 billion private capital financing platform. Morgan Stanley maintains an Overweight rating with a price target of $320, based on approximately 20x the expected CY2026 EPS of $15.87.
Odaily News: The U.S. Federal Bureau of Investigation (FBI) has seized approximately $560,000 in cryptocurrency and taken control of the domain and servers of a fundraising website linked to Hamas. The U.S. Department of Justice stated that these funds were allegedly intended for use by Hamas's military wing, Al Qassam Brigades.Investigators tracked and confiscated the relevant crypto assets based on three seizure warrants issued on March 25, June 25, and October 10, 2025. Court documents show that the assets involved include Bitcoin, Ethereum, Wrapped Ethereum, Tether (USDT), and TRON (TRX), distributed across 18 addresses controlled by Tether and 3 Binance accounts.According to court documents, encrypted chat groups had directed supporters to visit AlQassam.ps and solicited donations via rotating wallet addresses. After the FBI took over the relevant domain and servers, it obtained information on thousands of individuals who had contacted Hamas to inquire about making donations. (Decrypt)
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
Odaily News - Bitfinex Securities, the tokenized investment platform under crypto exchange Bitfinex, has listed 5 tokenized notes, providing eligible investors with economic exposure to bitcoin treasury companies such as Strategy, Metaplanet, H100 Group, and Capital B. The platform has also listed Strategy's floating-rate perpetual preferred stock, STRC.The aforementioned notes are issued through the Luxembourg-based ORO (II) fund and managed by SICOS Securities. The underlying securities are held in custody by regulated financial institutions but do not grant investors direct ownership of shares in the corresponding companies. The products allow fractional investments starting from approximately $1 and support trading in USD, USDT, and Bitcoin, and are only available to eligible non-US investors.Bitfinex Securities stated that this marks the first time such products are available for secondary trading on a regulated tokenized securities exchange. Following the completion of a $50 million tokenized fundraising round for metals company Alkemya in August this year, the platform's total listed assets have surpassed $500 million. (Cointelegraph)
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
Odaily News According to official sources, anonymous Q&A game Chomp has completed a $3.6 million funding round, co-led by Jsquare and Blueyard, with participation from Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, Caballeros, and other VCs.Chomp is a social game based on anonymous Q&A and prediction mechanisms, allowing users to answer questions and predict others' responses to uncover the public's true opinions, as well as their own cognitive biases toward others. In addition to its consumer-facing product, Chomp also applies these anonymous, well-labeled opinion datasets to scenarios such as AI model training and consumer research.Founder and CEO Kiko previously served as COO at Orca, a decentralized exchange on the Solana ecosystem.
Odaily News - PURR, a token related to the Hyperliquid ecosystem, rose approximately 15% after Hyperliquid Strategies published its "HYPE Treasury" and balance sheet updates.According to the disclosure, Hyperliquid Strategies has completed a $647 million equity financing round and increased its HYPE token reserve to 29.3 million tokens, valued at approximately $1.9 billion based on fiscal year-end prices—more than doubling from its previous size.The company stated that it subsequently invested an additional $773.4 million to acquire approximately 16.5 million HYPE tokens at an average purchase price of $46.77. The company said the continued expansion of its HYPE holdings is aimed at building a "fortress balance sheet" to strengthen long-term support for the Hyperliquid ecosystem.Market observers believe that sustained institutional allocation to HYPE assets has further reinforced expectations regarding the Hyperliquid ecosystem's value-capture capabilities, driving related ecosystem tokens like PURR higher. (The Block)
Odaily Odaily News: FUNDA posted on X platform that North American AI data center demand in 2027, measured by IT load, is approximately 35GW, while actual deliverable supply is only 16.5 to 23.4GW. The overlapping range of two independent supply projections shows a gap of 1.8 to 2.1 times between demand and deliverable supply, which serves as the core of this report.Demand was cross-validated using two methods, yielding similar results. Based on CoWoS capacity build-out projections, global chip-level electricity demand in 2027 is estimated at 44 to 49GW; based on platform-by-platform bill of materials projections, the result is 48.4GW. The current market discussion range is 40 to 60GW, and the report estimates global demand at approximately 50GW, with North America accounting for about two-thirds.Supply is largely locked in, and capital investment cannot change this. Grid interconnection pathways can deliver 11 to 14GW of IT load, depending entirely on which projects enter the interconnection queue before mid-2025; applications submitted today cannot contribute to 2027 supply. Behind-the-meter installations can add 5.5 to 9.4GW of IT load after accounting for overlap, but large gas turbine orders are already booked through 2031. Since it typically takes 4 to 5 years from order placement to commercial operation, turbines ordered today will only come online between 2030 and 2032.Power delivery is the binding constraint and sits upstream of all links that project developers can accelerate through capital spending. Permitting hurdles prevent 78% of the 43GW of shelved projects from moving forward. Over the past 12 months, power-related factors have caused 60% to 70% of project delays on a megawatt-weighted basis. Next is the shortage of certified labor: skilled electricians require 10,000 hours of training, and only about 30% of the current electromechanical, piping, and HVAC workforce is located in regions hosting 70% of projects. Modular construction can compress build timelines but cannot shorten queue times, only reducing the probability of commercial operation delays by 10% to 20%.Scarcity is already reflected in pricing. Annual recurring revenue per GW across the four comparison companies ranges from $8.3 billion to $50 billion, and NBIS has signed contracts over an 18-month period at prices 3 to 4 times its existing installed base unit pricing. The significant repricing in Q1 and Q2 has concluded, and the report expects market stabilization with modest increases starting in Q4 2026. As new supply comes online, rents on a generation-by-generation basis are expected to decline by approximately 20% to 30%, while utilization rates are expected to remain high.The four power procurement pathways correspond to four different risk profiles. xAI trades speed for doubled power costs and permitting risk, holding the shortest contract duration among the four companies; CRWV converts power delivery risk into refinancing risk; NBIS operates on customer prep
Odaily News Recently, the Pre-IPO derivatives sector has seen rising momentum. Ave.ai continues to launch new trading pairs for stock-crypto contracts. On August 27, Ave.ai listed two popular Pre-IPO contract trading pairs: $ANTH and $SHEIN.It is reported that Anthropic, as the developer of the Claude large language model, is a highly sought-after unlisted company in the global AI sector. As its products continue to gain traction in code generation, intelligent agents, and professional research scenarios, market discussions around its IPO valuation have been intensifying. Meanwhile, cross-border e-commerce company SHEIN's listing plans are also a topic of shared interest in both traditional financial markets and the crypto market.Currently, trading $ANTH and $SHEIN through Ave.ai's contracts section is not restricted by US stock trading hours. Users can engage in leveraged long or short trading 24/7 based on business progress, financing news, and IPO expectations. Both contract pairs are now live on Ave.ai.
According to Chaoxiang Research, a Morgan Stanley report dated August 25 noted that the internet sector declined by an average of 2% last week, with Meta down approximately 7%, Amazon down roughly 2%, and Google virtually flat. Current forward P/E ratios for 2026 stand at 19x for Amazon, 17x for Google, and 17x for Meta, reflecting discounts of 36%, a premium of 36%, and a discount of 24% relative to historical averages, respectively. On an EV/EBITDA basis, Amazon at 11.2x represents a 12% discount to its two-year average, Google at 15.1x implies an 8% premium, and Meta at 8.7x reflects a 30% discount. Morgan Stanley maintains an "Attractive" rating on the internet sector, highlighting that AI capabilities are emerging as a core variable driving valuation divergence. The sector's overall forward EV/EBITDA is 9% below the five-year average, while EV/Sales is 16% above it, underscoring a divergence between revenue and profit multiples. After reclassifying stock-based compensation as a cash expense, the adjusted EV/EBITDA for digital media rises by approximately 36% on average, e-commerce by 30%, and travel and the sharing economy by 44%. Upcoming catalysts include the launch of Google's Gemini 4, stabilization of Amazon Web Services (AWS) growth, progress in Meta's AI ad monetization, and shifts in the interest rate environment.
Odaily News Nvidia will release its fiscal 2026 second-quarter earnings after the U.S. market close. According to analyst estimates compiled by LSEG, the company's quarterly earnings per share are expected to be $2.10, with revenue projected to reach $92.17 billion.The market expects Nvidia's revenue to nearly double from $46.7 billion in the same period last year, continuing the rapid growth driven by the wave of artificial intelligence infrastructure investment. As a core supplier of AI computing power, Nvidia's GPUs are widely used to train and run advanced AI models, and the company is also involved in advancing the construction of next-generation AI data centers through financing support and other means.However, after nearly three years of significant gains, investor expectations for Nvidia have become more cautious. As of Tuesday's close, Nvidia has risen approximately 14% year-to-date, slightly outperforming the Nasdaq index. Market concerns include competitive pressure from rivals such as AMD and Google, as well as rising costs stemming from the global memory chip shortage.Currently, Nvidia is in a new product cycle, with its latest Vera Rubin AI system already being delivered to customers including Microsoft and OpenAI. Investors will focus on sales progress and supply conditions for the Rubin and Blackwell chip families, as well as the company's outlook for future AI computing power demand.Nvidia CEO Jensen Huang has previously stated that he expects the current product cycle based on the Blackwell and Vera Rubin architectures to generate cumulative sales of $1 trillion by 2027. The company will hold its earnings conference call at 5:00 PM ET. (CNBC)
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
EntropyIO announced the completion of a $14 million funding round, led by Ribbit Capital, along with $40 million in HYPE staking support. The first batch of markets has gone live on Hyperliquid.EntropyIO stated that it has launched the first liquid Anthropic trading market and plans to further expand into assets such as Pre-IPO startups, computing resources, public companies, and global indices to enable around-the-clock trading.Team members come from Citadel Securities, Optiver, Polymarket, and Millennium, and have developed a liquidity-weighted oracle that dynamically adjusts external oracle price weights based on executable market depth, aiming to improve price discovery and liquidity for new asset classes.
According to TechCrunch, space computing startup Starcloud announced the closing of a new $250 million funding round led by Manhattan West Ventures, with participation from Nvidia, Cisco, Benchmark, EQT, and other investors; Nvidia invested approximately $25 million. The funds will be used to expand satellite manufacturing facilities and advance the R&D of the next-generation orbital data center satellite, Starcloud-3. Starcloud stated that it is already operating an Nvidia H100 data center GPU in orbit and has completed model training based on the chip; meanwhile, it is collaborating with Nvidia to provide test data for the upcoming Vera Rubin Space-1 GPU, which is designed for space environments. CEO Philip Johnston previously stated that the company plans to explore space Bitcoin mining.
As reported by CryptoBriefing, Texas-based bitcoin mining infrastructure company Bitari Inc. filed an S-1 registration statement with the SEC on August 21, 2026, proposing to issue 4.2857 million common shares on Nasdaq (ticker: BIAI) at $7 per share, aiming to raise approximately $30 million in gross proceeds and around $27 million in net proceeds after deducting fees. Regarding the use of proceeds, 40% will be allocated to acquisitions, 30% to expansion and brand building, 15% to new infrastructure construction, 10% to research and development, and 5% to general corporate purposes. Currently, Bitari operates a 20MW mining facility in Wheeler, Texas, and is developing two additional 20MW facilities in Dumas, Texas, and Marion, Indiana. Following the IPO, AI Power X Inc. will hold approximately 85.87% of the voting power, leaving public shareholders with limited governance rights.
According to Chaoxiang Research, a Morgan Chase report dated August 19 noted that the individualized neoantigen therapy (INT) co-developed by Moderna and Merck met its primary endpoint of recurrence-free survival in the Phase III adjuvant melanoma trial, with the key secondary endpoint of distant metastasis-free survival also being achieved. JPMorgan previously assigned an 85% probability of success to this trial, viewing the results as in line with expectations and already factored into the stock price prior to the announcement. Moderna’s shares rose in pre-market trading, yet JPMorgan maintained an Underweight rating and a $40 price target, representing a 36% downside from the current $63. JPMorgan noted that the adjuvant melanoma indication contributes only approximately 3% to valuation, and INT data in non-melanoma indications remains the key variable driving valuation. The current valuation model already incorporates roughly $15 per share for the potential value of other indications. The price target is based on a discounted cash flow (DCF) model using a 10.5% weighted average cost of capital (WACC) and a 0% terminal growth rate.
According to a Grayscale research report, as AI-driven financial monitoring capabilities continue to expand, the demand for financial privacy is experiencing a third wave of renewed interest, potentially benefiting Zcash (ZEC). The report notes that Zcash’s zero-knowledge proof-based shielded transaction technology conceals the sender, recipient, and transaction amount, establishing a differentiated positioning compared to Bitcoin’s transparent on-chain records. Current on-chain data shows that shielded transactions now account for approximately 90% of Zcash’s total network transaction volume, while shielded supply has reached around 4.2 million ZEC, representing 25% of the circulating supply, with both figures hitting all-time highs. In terms of valuation, ZEC holds a market capitalization of approximately $8 billion, accounting for only 0.6% of the total market cap within Grayscale's "Cryptocurrency Monetary Sector". If its market share increases to 5%, the theoretical valuation space would be roughly nine times the current level. The report also cautions that Zcash faces multiple risks, including regulatory compliance, legacy issues from historical trusted setups, quantum computing threats, and protocol upgrade execution challenges, requiring investors to conduct prudent assessments.