News linked to both this project and an event.
Odaily News: DeFi researcher Ignas stated on the X platform that when it comes to finding Meme coins in the AI era, the way of trading does not seem to have fundamentally changed. Taking Grok as an example, when asked to recommend Meme coins worth buying, it typically only provides token tickers based on historical data such as views, trading volume, and post counts on the X platform.Ignas believes that true Meme coin trading still requires human judgment as to whether a project has the potential to "break out" and gain mainstream attention, including market sentiment, community atmosphere, narrative appeal, and whether KOLs suddenly start shilling the coin. Compared to asking AI once a day what to buy, staying online 24/7 and capturing shifts in market sentiment still holds an advantage.However, Ignas pointed out that AI is completely reshaping liquidity provision (LP) strategies. He stated that his AI agents can automatically screen liquidity pools and analyze factors such as trading volume, fees, fee trends, liquidity depth, and appropriate price ranges. The relevant strategies are still being refined, but a methodology has already taken shape that can be continuously optimized and generate compounding effects.Ignas believes that if Meme coin trading and being "online 24/7" are not a good fit for you, then leveraging AI to learn and execute LP strategies might be a skill that is easier to master.
Odaily News Trader BonkGuy (Unipcs) shared his recent trading performance and strategy in a post on X, noting that his portfolio value once reached $20 million. Among his positions, PONS surged 11,108% from his average entry price, yielding a floating profit of approximately $7.5 million. Additionally, he recorded gains of 1,111%, 894%, 405%, 356%, and 108% on MICRODUCK, DELTA, MARSCOIN, USELESS, and BASECAT, respectively.BonkGuy summarized his trading strategy into five key points: First, anticipate shifts in market narratives and attention early, identifying the biggest beneficiaries likely to absorb capital and interest in the next phase, rather than chasing assets that have already rallied. Second, diversify trading logic rather than conviction—based on the same trend thesis, seek out the most likely beneficiaries across different ecosystems. Third, build a high-quality on-chain trading information network, continuously sourcing information, exchanging views, and validating trading logic through trading groups, X, friends, and other traders. Fourth, accept the time and energy costs associated with opportunities, as he believes the window of opportunity during the current bull market's high-explosive phase is limited. Fifth, reduce personal emotions and biases in trading, avoiding the active exclusion of potential opportunities due to personal opinions about a particular chain, platform, founder, or ecosystem. He concluded, "The market doesn't care what you believe; it rewards correct judgment."
Unipcs (also known as "Bonk Guy") advised against users blindly copying his FOMO wallet transactions. He emphasized that it is a high-risk trading wallet that buys or sells tokens at any time based on his own judgment, without necessarily disclosing the trading logic or investment rationale. Unipcs noted that not all purchased tokens carry a clear investment thesis or a high-conviction hold expectation; some trades are merely short-term operations and may be quickly stopped out if performance lags. He reminded users that while he cannot prevent others from copying his trades, he hopes they fully comprehend the associated risks.
Odaily News, September 3 — WEEX Exchange announced that the WEEX Hackathon Season 2, themed "AI Wars II: The Algorithm Era," is now officially live. Global AI developers, quantitative traders, Web3 builders, teams, and individuals are invited to join Team AI or Team Human to compete in five rounds of live market trading battles, vying for rankings and rewards based on PnL% performance. The total prize pool stands at 600,000 USDT, with multi-tiered incentives designed to accommodate different participation methods.The early registration phase runs from September 3 to 6, during which the first 2,000 registrants can share in the 100,000 USDT Early Bird prize pool. Additionally, users who register early can complete event tasks ahead of time to accumulate activity points for the upcoming competition.
According to Decrypt, the Ukrainian National Police and Security Service recently shut down a network of fake cryptocurrency investment platforms based in Kyiv. The group distributed fraudulent investment ads on Telegram, guiding users to connect their wallets and deposit funds, while silently falsifying trading returns in the background. When victims requested withdrawals, the platform claimed verification was required, instructing them to connect their main wallet and approve a small "test transaction," which triggered a built-in crypto drainer to transfer the assets to wallets controlled by the syndicate.
Odaily News – After South Korea raised capital thresholds and added trading restrictions, the leveraged trading capital previously concentrated in Samsung Electronics and SK Hynix has contracted notably. However, some market participants worry that the restricted leveraged capital may shift toward index-based or overseas leveraged ETFs, and the effectiveness of the regulatory measures still requires further observation.Looking at specific targets, eight products linked to SK Hynix saw net selling of approximately 1.2415 trillion KRW, while eight products tied to Samsung Electronics recorded net selling of around 531.6 billion KRW.The cooling in trading activity is equally pronounced. The aforementioned 16 products posted an average daily trading volume of roughly 11.6787 trillion KRW from their listing in May through July 30. Since August, this has dropped to about 1.0059 trillion KRW, a decline of more than 90%, now equivalent to only about 8% of the level seen before the regulatory measures were implemented.The regulatory tightening began on July 31. South Korea's financial regulators raised the base margin threshold for single-stock leveraged ETFs from 10 million KRW to 30 million KRW; starting August 19, investors are also required to complete simulated trading before transacting in related products. Regulators plan to further increase the minimum trading unit, targeting an adjustment to 20 shares by November. Before the regulations were introduced, single-stock leveraged ETFs had enjoyed strong popularity among South Korean retail investors. Between May 27 and July 30, individual investors cumulatively net purchased approximately 15.2876 trillion KRW across the aforementioned 16 products, with SK Hynix-related products attracting about 9.9365 trillion KRW and Samsung Electronics-related products drawing around 5.3511 trillion KRW. (Newsis)
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)
According to Bitcoin.com, at the "Accelerating Bitcoin" conference, several energy analysts warned about the impact of Bitcoin mining on Paraguay’s power grid. Energy analyst Victorio Oxilia noted that Bitcoin mining currently consumes 30% of the country’s total electricity, equivalent to the output of one and a half turbines at the Itaipu Dam. Should mining operations continue to expand, an energy crisis is projected to emerge by 2029. Meanwhile, Paraguay’s power generation has stagnated for years, requiring an investment of $11 billion to $15 billion over the next 13 years to meet growing demand, despite virtually no major energy investments in the past half-century. Existing energy contracts for mining firms will expire in 2027, with their renewal outlook uncertain. Analysts also pointed out that mining electricity usage is readily adjustable; operators can scale operations up or down based on grid load, making it easier to manage than residential power consumption. Paraguayan authorities have since intensified crackdowns on illegal electricity theft, securing convictions against those involved.
According to Bitcoin.com, Michael Saylor, Executive Chairman of Strategy (MSTR), introduced the concept of "Bitcoin Reformation" in a published article, arguing that Bitcoin should move beyond dogmatic interpretations of early tenets such as Satoshi Nakamoto, the whitepaper, and the "must self-custody" principle, and further integrate into banking, exchanges, corporate sectors, securities markets, and government systems. Saylor stated that while self-custody remains an essential right allowing holders to freely opt out of intermediary systems, it should not be imposed as a mandatory obligation on everyone; users can also evaluate institutional services based on criteria such as custody segregation, collateral, audits, insurance, and withdrawal rights. He believes that Bitcoin has gradually evolved from a peer-to-peer electronic cash system and "digital gold" into "digital capital" capable of supporting credit, equity, currency, and machine economies.
According to Glassnode, Bitcoin has rebounded approximately 26% from its mid-August low, driven primarily by record short liquidations. August 19 marked the largest single-day short liquidation day monitored since 2019, with shorts accounting for 85% of total liquidations within the squeeze window. Over the same period, coin-denominated BTC futures open interest fell by 11%, while perpetual contract funding rates remained largely neutral, indicating that the rally was not accompanied by significant new leveraged long positioning. On the capital flow front, U.S. spot Bitcoin ETFs recorded cumulative net inflows of $2.23 billion during this window, with no single-day net outflows, marking the strongest consecutive seven-day inflow streak of the year. The 30-day accumulation trend scores for wallets across all size categories remained above 0.5, reflecting broad-based buying coverage throughout the market. However, Glassnode notes that the $81,000–$86,000 zone concentrates the cost basis of long-term holders, sell orders, options market maker negative gamma positioning, and potential short liquidation bands, forming the primary resistance to the current rebound. The report suggests that if BTC holds above $83,300 alongside sustained ETF inflows, it may signal that this supply zone is being absorbed. Downside focus should then shift to the $70,000 short-term holder cost basis, followed by the $62,000–$65,000 support range.
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 Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
According to on-chain analytics platform Lookonchain (@lookonchain), Japanese Bitcoin treasury company Metaplanet deposited 1,000 BTC to Coinbase Prime about an hour ago, valued at approximately $79.77 million based on the transfer price.
According to Odaily, the ETH/BTC ratio has recently formed a "golden cross," where the 50-day moving average has crossed above the 200-day moving average. Since early June, ETH has consistently outperformed BTC, with the ETH/BTC ratio rising approximately 25% from its June 6 low.Historical data shows that the performance of ETH/BTC following a golden cross has been inconsistent. After the golden cross on July 25, 2025, the ratio rose about 36% over the following four weeks, but subsequently turned downward; following the February 2021 golden cross, it once surged approximately 93%. However, the two golden crosses in May and August 2022 both failed to sustain upward momentum. CoinDesk noted that the golden cross is a lagging indicator based on historical prices and does not necessarily imply that ETH will continue to outperform BTC going forward. (CoinDesk)
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Odaily News Crypto analyst Ali posted on social platform X, stating that the end phases of Bitcoin’s two historical bear markets both exhibited a key characteristic—a sudden, powerful weekly reversal pattern. These “massive bullish candles” often catch the majority of market participants off guard and may serve as a signal for the start of a new bull market. Such moves are typically driven by “short squeezes.” As Bitcoin’s price rises, bearish traders continue to add short positions, but as the rally accelerates, these shorts are forced to cover, further fueling the upward momentum.Historical data shows that in 2019, near the end of Bitcoin’s bear market, a single week saw a 31.98% surge, followed by the onset of a new upward cycle. In January 2023, amid extremely pessimistic market sentiment following the FTX collapse, Bitcoin posted a 24.90% weekly gain, reversing prior bearish expectations.A similar pattern may now be unfolding in the current market. Although many investors, based on the “four-year cycle theory,” anticipated a market bottom in October, Bitcoin has recently rallied from $62,700 to $79,500, a one-week gain of 26.81%. If historical patterns hold, this robust weekly reversal could indicate that Bitcoin (BTC) has already entered the early stages of a new upward cycle.
Odaily News, Citrini analyst jukan stated on X platform that, according to informed sources, SK Hynix is advancing plans to invest trillions of KRW to build a memory chip wafer fab in Miyagi Prefecture in northeastern Japan. If realized, this would mark the first large-scale investment by a Korean semiconductor company establishing a local manufacturing base in Japan. As investment in Japan progresses, the United States is also expected to intensify pressure on Korean companies to expand memory chip production capacity in the U.S., further complicating future investment allocation decisions.According to reports from South Korea's Hankyoreh on the 20th, SK hynix is seeking to build a memory chip wafer fab in Miyagi Prefecture, located in northeastern Honshu, Japan. A business insider said, "As far as I understand, SK Group Chairman Chey Tae-won recently visited the region in person." Miyagi Prefecture, along with Kyushu and Hokkaido, is one of three regions that the Japanese government plans to develop into major semiconductor industry hubs.It is reported that the project's investment scale is expected to reach trillions of KRW. Compared with the hundreds of trillions of KRW invested in domestic semiconductor clusters in Yongin and the Honam region of Korea, the Japan plant will be a relatively smaller-scale production base. The Miyagi fab will serve as an additional overseas manufacturing site, while SK hynix will continue its planned domestic investments in the Yongin and Honam semiconductor clusters as originally scheduled. The plan appears aimed at proactively expanding production capacity amid the ongoing global memory chip shortage.If realized, SK hynix would become the third foreign semiconductor company to operate semiconductor manufacturing facilities in Japan, following U.S.-based Micron and Taiwan's TSMC. Samsung Electronics currently operates only an advanced semiconductor packaging research center in Yokohama.However, the investment also carries risks. The United States has been pressuring the Korean government and Korean companies to invest in memory chip wafer fabs on U.S. soil. If SK hynix moves forward with investment in Japan, Washington may further demand that it expand local production capacity in the U.S. Additionally, SK hynix must navigate domestic political uncertainties in Korea, as well as the social sensitivity surrounding investment in Japan for strategic industries such as semiconductors.
Odaily News, Coinbase CEO Brian Armstrong said in an interview with CNBC that the crypto market may be on the verge of the next bull run. Armstrong stated: "I think we're probably on the cusp of the next bull market." He noted that the market will soon focus on the progress of the US CLARITY Act vote on September 15, as well as the seasonal effects brought by the Bitcoin halving cycle.He said that, based on historical patterns, in the cycles following Bitcoin halving events, October, November, and December are typically the months when Bitcoin performs best, and the market may usher in a new upward phase.Armstrong has repeatedly emphasized that improved regulatory conditions, institutional capital inflows, and the maturation of crypto infrastructure will be key factors driving the industry's long-term development. His recent remarks also reflect Coinbase's optimistic outlook on the shift in the coming market cycle. (BitcoinMagazine)
Odaily News According to foreign media BusinessInsider, based on publicly disclosed holdings data, "Oracle of Omaha" Warren Buffett's Berkshire Hathaway indirectly holds approximately 0.04% of SpaceX shares through a two-tier equity nesting "look-through shareholding" model, with a corresponding market value exceeding $700 million. This also creates a rare capital intersection between two top business tycoons, "the Oracle of Omaha" Buffett and "Iron Man" Musk.Musk has long regarded Buffett's investment endorsement as an important industry validation, and has repeatedly publicly extended olive branches to Buffett on social platforms, hoping he would become a shareholder in his companies. Musk joked in a 2023 post: "Too bad he didn't invest when Tesla's market cap was only 0.1% of its current value." In 2024, he publicly stated again: "He should build a position in Tesla; that's the obvious choice." Now, although Buffett has not invested in Tesla, he has become an "invisible shareholder" of SpaceX in another way.In terms of the shareholding structure, this stake is not a direct investment by Berkshire in SpaceX, but rather an incidental asset from its heavy position in tech giant Google's parent company Alphabet. (Interface News)
Citrini analyst Jukan stated on X platform that in the future, "Made in USA" semiconductor products may gain market premiums due to supply chain stability advantages. Korean memory chip companies need to respond to this trend by building wafer fabs in the US. Currently, US-made optical module products have already begun to reflect premiums. For example, optical communications company AAOI has stated that optical modules produced in the US can command higher prices. Meanwhile, US hyperscalers are also willing to pay additional premiums for US-made Micron DRAM.Jukan believes that the price advantage of US-made chips does not come solely from the products themselves, but reflects the value of supply chain stability and supply assurance. Against the backdrop of ongoing adjustments in the global semiconductor supply chain, companies and customers are increasingly valuing localized production capacity to reduce geopolitical and supply disruption risks.Regarding Korean memory manufacturers, Korean companies need to actively advance the construction of US-based production capacity, a trend that has already begun to emerge. For example, SK Group Chairman Chey Tae-won has previously discussed plans to build a memory chip front-end wafer fab in the US on multiple occasions.As AI infrastructure construction drives growth in memory demand, and regionalization trends in the global supply chain continue, US-made semiconductors may form a new pricing system. Chip companies with US-based production capacity will gain additional advantages in future market competition.