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Gold — $4,378, plunged sharply after surging to 4,500
Gold is quoted at $4,378/oz, plunging more than $70 directly from this morning's high of 4,449. COMEX futures closed overnight at 4,469. Japanese Prime Minister Sanae Takaichi hinted support for a rate hike, causing the yen to surge and the dollar to return to 100, hitting gold hard due to the stronger dollar. Domestic gold jewelry prices have broken 1,340 yuan/gram. Analysts warn of overheating sentiment and accumulating risks of chasing highs.
50% are oscillating between 4,350-4,420 to digest; 35% have pulled back to 4,300; 15% have stabilized above 4,420 and are pushing towards 4,450+. $XAUT $ETH AA core developers head to Ethlabs, Ethereum's implementation pace to accelerate
The smart account team ZeroDev, previously acquired by Offchain Labs, has its founder Derek Chiang officially joining the Ethereum protocol development organization Ethlabs.
ZeroDev itself is a veteran infrastructure team in the account abstraction (AA) track, acquired last year by Offchain Labs behind Arbitrum, focusing deeply on wallet and account underlying solutions.
The significance of this reassignment is very clear.
Ethlabs focuses on underlying protocol development, previously more inclined towards theoretical upgrades; Derek excels in product implementation, and after joining, he will connect Ethereum's underlying technology to developers and commercial projects. Simply put, this means turning technical concepts into on-chain products that ordinary people can actually use.
In the long term, accelerating the implementation of upgrades like account abstraction, light clients, and fast finality will lower the entry barriers to Web3, benefiting the overall Ethereum ecosystem development.
But the timeline must be clear: this news is a long-term constructive benefit and will not immediately drive the market. In the short term, the market will still be dominated by volume-based competition, so do not heavily chase the price surge based solely on a personnel announcement.
When do you think account abstraction will achieve large-scale adoption? Key market events today:
🔎 What to watch:
🇬🇧 GDP (Jun) - 09:00
- previous: 0.1%m/m, 0.9%y/y
- forecast: 0.0%m/m
🇺🇸 PPI - 15:30
- previous: -0.3%m/m, 5.5%y/y
- forecast: 0.2%m/m, 4.9%y/y
🇺🇸 Core PPI - 15:30
- previous: 0.2%m/m, 4.7%y/y
- forecast: 0.3%m/m, 4.2%y/y
🇺🇸 Unemployment Claims - 15:30
- previous: 199K
- forecast: 202K
Speakers:
🇺🇸 Barkin (FOMC) - 15:40
Indicators:
🇯🇵 PPI - 02:50
🇬🇧 Trade Balance (Jun) - 09:00
🇨🇭 PPI - 09:30
🛢 Natural Gas Storage - 17:30
🇺🇸 FED’s Balance Sheet - 23:30
Auctions:
🇺🇸 30y T-Bond - 20:00
#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI $SPCX short trade has turned into a painful lesson.
I opened the short around 116.94 with 75x leverage, expecting a drop. Instead, SPCX kept climbing—from 116 to 139, then 147, barely giving any meaningful pullback. It eventually hit 149.47, currently around 146.92, leaving me with a floating loss of over 300U. I’m still holding the position.
At the same time, I ran a 10x long grid strategy on SPCX between 100–250, with an average price of 134.31. I placed 80 orders with only 18U invested. The grid has made about 7.8U, while the short has lost more than 300U.
Having longs and shorts on the same coin feels less like hedging and more like fighting myself. 😅
Meanwhile, $OKB jumped around 8% from 94 to 105, breaking out with strong volume. Mainstream coins are also moving steadily, but I’m staying out for now.
$TRUST also surged about 14% from 0.05 to 0.063, but with only around 3.92M U in volume, chasing the move at this point feels like taking on unnecessary risk.
I’m still holding the losing position and haven’t chased any of the coins that pumped.
$SPCX already moved 30 points from 116 to 146. The bullish direction became obvious earlier, but I simply didn’t follow it.
The trade is still open. I’m waiting for a suitable pullback to reduce the loss and exit.
At this point, predicting the direction isn’t the priority anymore. What matters is how I manage and close this trade.
#CPIEasesHikeBets
#AIInfraFundingDiverges
#StrategySellsBTCAgain BTC — 63,400 USD, CPI slowdown can't save it
BTC reported at 63,400 USD, down 0.37% in 24 hours. Last night, the US July CPI year-on-year was 3.4%, in line with expectations (previous 3.5%). The data caused a brief spike but then fizzled out. The positive news can't push it — high oil prices (energy up 14.7% year-on-year) suggest the risk of rate hikes remains, and negotiations over the Strait of Hormuz are deadlocked. Small mining companies and listed firms have sold 28,000 BTC (about 1.8 billion USD) this year, maintaining marginal selling pressure. The fear index is 37, still "fear".
50% are consolidating between 63k-64.5k; 35% fall below 63k heading to 62k; 15% hold above 64.5k aiming for 65k+. $BTC Brothers, $BICO is like a stone in a latrine, both stinky and hard, getting cut by the market makers whether you short or long.
$BEAT is also jumping all over the place, making me lose my mind. It's okay, today we're playing mainstream—shorting $SNXX.
This coin is completely different from those altcoins I dealt with before. SNXX is a 2x long daily ETF on SNDK issued by Tradr, tracking SanDisk's stock.
SanDisk is a global storage chip giant, listed on Nasdaq in February 2025, and its stock price hit a historic high of $2354 in June this year. SNXX is a leveraged ETF tracking twice the daily price movement of SanDisk—if SanDisk goes up 1%, SNXX goes up 2%.
But I choose to short it.
First, SanDisk's positive earnings report has been fully priced in. The recently disclosed report showed revenue of $8.965 billion, a 372% year-over-year increase, and profits 135 times last year's. However, after the report, the stock price plunged from 2354 to 1238, a 47% retracement. Market expectations were already overextended; good news is bad news.
Second, the performance is propped up by price hikes, not real demand. Two-thirds of revenue growth comes from NAND flash price increases, only one-third from shipment volume growth. End-user demand can't withstand high prices.
Third, the storage cycle is cooling down. In Q3, DRAM price increases dropped sharply from 74% to 17%, NAND from 70% to 20%. The price hike dividend is almost gone, so the stock price still has to fall.
The SNXXUSDT perpetual contract just launched on July 14. I opened a short position at an average price of 10.93, mark price 10.92, isolated margin 3x, small position to test the waters [see screenshot]. If I'm wrong, I'll admit it and maybe deliver a few more takeout orders.
Brothers, this trade follows the fundamentals. Do you think it will work?
#7月CPI平稳落地，9月加息预期降温 Update on the US crypto regulatory saga: Congress stalled, SEC took the lead
The long-awaited "savior" CLARITY (Digital Asset Market Clarity Act) — passed by the House, cleared by the committee, but when it came to the full Senate vote... it was stalled (confirmed postponed on August 6, to be revisited on September 15). The probability of passage on Polymarket dropped from 82% to 21% this year — a disastrous turn!
With Congress lying low, SEC Chair Atkins decided to bypass them and on August 14 aggressively pushed the Regulation Crypto proposal. The core shift is that the SEC moves from "chasing enforcement" to "leading the way," telling you exactly how to get rules and exemptions without relying on lawyers' guesses.
But don’t get too excited: August 14 was only the decision on "whether to issue a request for public comment," with formal implementation earliest by 2027. So for now, it’s more like a signal: regulatory certainty is squeezing out from the executive branch.
In the short term, limited impact on the market, but long term: positive for Bitcoin, negative for altcoins! BTC’s identity is clear, the framework is being built, and many altcoins still have to "guess whether they count as securities" and "whether they will be targeted for enforcement."I’m not really worried about the idea of “paid data” itself. What concerns me more is the information advantage created when a single statement from a major figure can move the market sharply.
Truth Social offering low-latency data to institutions makes business sense—institutions are essentially paying for speed and better execution. But when that information involves potentially market-moving statements from the U.S. president, the situation becomes more complicated. If some traders receive the information seconds earlier while retail traders react afterward, the trading advantage can be significant.
That’s also why I avoid blindly chasing breaking news. In crypto, the biggest losses often don’t come from choosing the wrong direction—they come from believing you’re trading the news when you’re actually becoming someone else’s liquidity.
With $BTC and $ETH increasingly sensitive to politics, macro data, and unexpected events, speed matters. But I’d rather wait for the initial emotional reaction to fade and then see whether price can actually hold the move.
News creates volatility. Price action tells you whether the market truly believes the news.
#HarmonyMintRollback
#TrumpTruthAPILawsuit
#StrategySellsBTCAgain USDT has shrunk nearly $4 billion net over 60 days, the market liquidity is really cold!
CryptoQuant data shows that USDT's 60-day market cap change is about -$3.6 billion, with a 30-day average reaching -$4.88 billion; in the past 11 days, another 870 million USDT has exited circulation.
This time, it's not just funds moving between USDT and USDC; USDC's supply has also declined by 1.3% over the past 30 days. The overall stablecoin market size is shrinking, indicating that some funds are directly withdrawing from the crypto market, redeeming into dollars, and flowing into traditional markets.
The continuous contraction of on-exchange stablecoin pools directly means that bottom-fishing ammunition, leverage collateral, and market liquidity will continue to weaken, which is not favorable in the short term.
But looking at historical patterns, such a significant contraction of USDT mostly occurs in the latter half of a major decline.
A similar situation occurred at the end of 2022, after which BTC completed its cycle bottom near 16,000.
CryptoQuant's historical review also mentions: the most intense USDT shrinkage phases often indicate selling pressure exhaustion rather than the start of a decline.
In summary: continuous stablecoin shrinkage is unfavorable for the market in the short term; however, it indirectly reflects that the market has already undergone a long round of deleveraging and capital flight. #7月CPI平稳落地，9月加息预期降温
After the CPI release, my judgment is clearer:
The risk of a rate hike in September has significantly decreased, but BTC has not yet given a true signal of strengthening.
July CPI month-over-month +0.1%, core CPI +0.2%, both relatively mild.
The market has also pushed the probability of a September rate hike down to about 40%.
But BTC is still around 63.8K.
So I won’t chase just because of favorable CPI.
My execution:
Hold 63K—63.3K: continue to lean bullish and observe.
If it retakes 64.3K and then breaks through 65K: I will clearly turn bullish.
If good CPI + lower rate hike probability, but BTC can’t even close above 65K, I will be cautious:
The good news has been priced in early, and the real buying hasn’t followed.
One more thing not to forget:
There is another employment and CPI report before the September meeting.
So this is not the “end of rate hikes.”
More accurately:
The threshold for rate hikes has been raised again.
$BTC $ETH 🚨 AI infrastructure is booming, and the opportunity is not just in GPUs!
AI investment is spreading from GPUs to HBM, DRAM, NAND, storage, data centers, networking, power, and cooling.
$AMD's Q2 2026 revenue reached $11.54 billion, with data center revenue growing 107% year-over-year; NVIDIA's data center business is also maintaining strong growth.
$SKHYNIX benefits from demand for HBM, DRAM, and NAND, with HBM4 shipments starting. $SNDK's fiscal Q4 revenue reached $8.97 billion, with AI-driven storage demand growing rapidly.
This indicates a trend:
The real opportunity in AI is expanding from a single chip to the entire infrastructure supply chain.
This could also impact the crypto market.
$BTC, $ETH, and $SOL are becoming increasingly sensitive to institutional funds, global liquidity, and risk appetite.
If AI capital expenditure remains strong, and global liquidity improves, risk assets may receive further support.
But don't just look at corporate earnings.
Valuations, ETF fund flows, Federal Reserve policies, and liquidity are equally critical.
Key focuses going forward:
🔥 AI CapEx
🔥 ETF fund flows
🔥 Federal Reserve rate cut expectations
🔥 Global liquidity
AI is responsible for creating a new investment cycle, while liquidity determines where the funds ultimately flow.
#CPIEasesHikeBets #AIInfraEarningsWatch Just sat down and took a look at last night's US stock market close: the Dow fell 0.04% to 53,770 points, the S&P 500 rose 0.26% to 7,748 points, and the Nasdaq rose 0.54% to 26,588 points. On the surface, it seems calm, but inside there is significant divergence.
CPI released, but the market showed no favor
US July CPI year-over-year was 3.4%, core CPI 2.5%, month-over-month 0.1%, all four figures exactly matching expectations. After the data release, the probability of a September rate hike dropped from 47% to 45%, but that was about it. Meeting expectations is the biggest problem itself—the market had already priced in the cooling inflation expectation two weeks ago, so when the data came out as expected, buying interest disappeared.
AI infrastructure earnings collectively exploded, this is the real highlight tonight
CoreWeave's Q2 revenue was $2.575 billion, a year-over-year surge of 112%, beating expectations. The stock price jumped 19% immediately. Lumentum was even stronger, Q4 revenue doubled year-over-year to $1.01 billion, stock price rose over 13%. Coherent's Q4 revenue was $2.05 billion, up 34% year-over-year, but the stock fell after hours. Earnings beat but the stock fell, showing that market expectations have been driven to the ceiling by AI—exceeding expectations is expected, but any slight disappointment is a death sentence.
$SPCX rose another 9%, Musk said internally that AI revenue will surpass all other revenue by September, and AI will account for 99% of SpaceX's value in five years. This is a big vision, and the market is really buying it.
The seven tech giants continue to be hammered. Meta fell over 3%, Microsoft over 2%, Amazon and Tesla over 1%, Apple and Google slightly down. Nvidia, however, rose 3%.
Storage chips exploded across the board. SK Hynix rose over 9%, Seagate over 7%, SanDisk over 5%, Micron nearly 5%.
Chinese concept stocks were dismal. The Nasdaq Golden Dragon China Index fell 2.37%, WeRide dropped over 9%, BOSS Zhipin nearly 4% down.
For BTC, the CPI release gave no clear direction. BTC is still hovering around 64,000; US stocks rose but BTC did not follow, US stocks fell but BTC did not follow closely either. AI infrastructure is soaring, the seven tech giants are being hammered, Chinese stocks are plunging—each moving independently in the same market, indicating funds are reallocating, not fleeing.
PPI data is also due tonight, with market expectations of 0.3% month-over-month and about 5.5% annualized. If PPI exceeds expectations, inflation concerns will return. My position is light; I will wait for the PPI release before acting. Acting now would be a gamble, and it's unnecessary.
$SPCX $QQQ $SKHY In the quiet, smoke-filled keyboard late at night, those who have watched the market for years always have an intuition: the market never believes in perpetual motion machines, but capital is always frantically searching for the next physical bottleneck. Today, I saw the report Lumentum just released—FY2026 Q4 revenue soared to $1.01 billion, a year-on-year surge of 109%. Adjusted EPS soared to $3.23, and even next quarter's guidance dares to point directly to the upper limit of $1.275 billion. Honestly, this is not just a standout statistic, but a heavy and resounding wake-up call. While everyone is still fixated on GPU memory and wafer foundry, veterans who have truly experienced bull and bear markets have already understood: every time the scale of AI computing clusters doubles, the tumor of computing spreads further into high-speed optical interconnects. Optical modules and lasers have long evolved from mere supporting roles into the most expensive and indispensable toll stations in today's vast AI computing empire. But the question is: is this a long-term bull market lasting for several years, or is it a capacity illusion triggered by short-term concentrated procurement? The management calls for "strong demand for AI and cloud data centers," which certainly sounds the charge, but the decades-long cyclical lessons of the semiconductor industry tell us that frenzied capacity expansion often comes with cyclical and intense volatility. Capital is extremely ruthless; today it can elevate you to a pedestal, tomorrow$SPCX strong return near $150? Rocket taking off? Don't be blinded by what you see and don't celebrate too early!
Analysis of the rocket market and insights:
Due to the CPI data release being expected lower and the phase of unlocking negative news and realizing positive effects, the short-term upward momentum and sentiment have been strengthened and repaired. However, it seems retail investors and those chasing highs have forgotten that the overall market in July was in a dark and sluggish downward trend. Although the data release boosted tokens in the AI and tech sectors, $SPCX still faces risks of short-term pullbacks and high-level sell-offs. The signals of baiting bulls and bearish traps are very obvious; a short-term correction is inevitable. After the phase of heat and data turbulence passes, the rocket will have to fall back to the bottom.
Therefore, personally, Tiger supports the bears. I will continue to observe the rocket market trend intraday. For those inexperienced or unfamiliar with US stock sector tokens, you can communicate and learn with Tiger.
$ETH $BTC Money is shifting internally: ETF outflows ≠ end of bull market, but a reshuffle before rotation
On the surface, BTC is consolidating around 63800, ETH oscillates around 1895 for a day, SOL shows small fluctuations, and the market is lifeless.
In essence: old hotspots cool down, new narratives accumulate, funds are switching between highs and lows, not exiting.
Supporting signals:
BTC spot ETF had a net outflow of about $144.6 million on 8/10, breaking the consecutive inflows, but on 8/12 IBIT saw a return inflow of $50.2 million, indicating institutional portfolio adjustment rather than a collapse retreat;
On-chain whale transfer-to-exchange ratio rebounded, indicating swing reduction rather than bottom liquidation;
The stalemate at the Hormuz Strait (Iran blocking passage, 8/18 negotiation window countdown) supports safe-haven demand, but gold itself is stagnating, not yet reaching global resonance speculation.
Conclusion: liquidity tightening + internal rotation coexist, before direction is chosen, it’s all noise.
------
BTC trend framework (weekly → daily → operation)
Weekly: weak rebound after second test, bear tail still needs one more shakeout
Pattern: natural rebound after panic sell-off, low volume, weak supply and demand — typical mid-bottom formation feature, not a reversal.
Judgment: the bear market end still lacks the final forced shakeout step, target directly smashing below 57k (coinciding with 0.618 Fibonacci 57825 and previous cycle support).
Weekly action: short on rallies, do not bottom-fish.
Daily: liquidity not fully taken, two paths await confirmation
Ideal path: rebound to 67200 to sweep stop losses/take liquidity → weekly resonance short setup.
Right-side path: directly break below 62500 → chase shorts, no bottom guessing.
Reflection and adjustment: the weak rebound after second test should not consume chips to "must take liquidity," avoid short-term uncertain moves; after BTC long position profit-taking, no more short-term mainstream coin trades within the week.
3. Current anchor point (8/13)
Current price ~63800, between 62500 support and 67200 liquidity overhead;
ETF outflows + whale transfers = rebound lacks sustained buying, weak sideways likely to break down;
Trigger right side: hourly/daily close below 62500 to short; or rebound to 67200 with stagnation to short structurally.
------
Gold XAUUSD framework
Weekly
Follow-up rebound after panic sell-off, with a second bottom test to come → short on rallies.
Daily
Currently 4360–4400 stagnation, 4400 is psychological + 100-day SMA resistance, touched 4435 on 8/11 then pulled back;
Key support 4360: break leads to 4200; if 4200 holds → buy on dips logic valid;
If retest 4360 sideways then rally → follow weekly short path.
Drivers: Hormuz Strait unopened + Iran tough stance = safe-haven support, but CPI cooling + negative nonfarm payrolls shake rate hike expectations, lacking the "global resonance speculation" leg.
------
Position discipline in rotation market
Altcoins only focus on leaders + those with clear logic; blacklist concept pumpers.
Leave room in positions, don’t bet all on a single hotspot; rotation is zero-sum, first mover eats the latecomer.
Avoid contracts: rotation market is sharp, leverage sweeps principal twice to the bottom.
More important than "guessing the next leader" is managing principal; direction can be watched slowly, position size is the survival line.
------
Summary in one sentence
BTC weekly waits for shakeout below 57k to short on rallies, daily waits for either break below 62.5k or rebound to 67.2k for confirmation; gold waits for 4360/4200 two-level support to define; macro money is shifting internally, rotation market is not about guts but clean position sizing.
The above is technical analysis, not investment advice; contracts should strictly control position size and stop loss. $BTC $ETH Anthropic’s $3T Valuation: AI Breakthrough or VC Exit Strategy?
Anthropic’s potential IPO valuation is reportedly becoming enormous, with expectations of $2T+ and possibly up to $3T later this year.
That’s a massive jump from its roughly $965B valuation during its previous funding round. In just a few months, the company’s valuation could potentially multiply several times.
Some see this as proof of the AI boom. But another interpretation is that VCs may be trying to exit while AI valuations and market liquidity remain extremely high.
The valuation logic is straightforward: if Anthropic reaches $100–120B in annualized revenue, a 30× price-to-sales multiple would imply around $3T.
The problem is whether a model company deserves the same premium as a company like NVIDIA. NVIDIA benefits from strong hardware demand, high margins and a powerful competitive position, while AI model providers face huge computing costs, open-source competition and rapidly falling API prices.
So why rush toward an IPO?
Because the exit window may be narrowing. Training costs for next-generation models keep rising, while performance improvements are becoming harder to achieve. VCs may want to sell into strong public-market liquidity before AI enthusiasm cools.
This could also be a warning for crypto AI and DePIN projects. If even major Web2 AI companies are trying to monetize sky-high valuations through public markets, AI-related Web3 projects could face serious valuation and liquidity pressure once the market starts demanding real cash flow instead of narratives.
For retail investors, blindly chasing AI stocks or AI tokens at these valuations could mean becoming the final buyers in the VC exit cycle.
The big question is: if Anthropic actually goes public above $2T, will that valuation survive through explosive AI adoption—or could it face a major correction once the hype fades?
#CPIEasesHikeBets
#AIInfraEarningsWatch
#KoreaChipsLeadRebound 🚨 X Sync Update｜OCC Opens the Era of Crypto Banking: Crypto Is Entering the U.S. Financial System
🇺🇸 The U.S. Office of the Comptroller of the Currency (OCC) is further opening the door for qualified digital asset companies to enter the U.S. national banking system.
First, let's correct a common misunderstanding:
This is not "the U.S. approving all Crypto companies to become national banks," but rather regulators are establishing a clearer path—qualified digital asset companies can apply for national bank or national trust bank charters and conduct corresponding business after meeting regulatory requirements.
What truly deserves attention is not "a few more banking licenses," but a deeper change:
Crypto is gradually moving from outside the traditional banking system into the financial system itself.
The past path was:
Traditional Finance → Crypto
Banks, funds, ETFs, and asset management institutions entering Crypto.
Now another path is emerging:
Crypto → Bank
Digital asset custodians, stablecoin companies, and Crypto financial enterprises are beginning to enter the banking system.
Why is this important?
Because what Crypto lacked in the past was not just assets, but a complete financial infrastructure:
Custody, payments, settlement, lending, asset management, fiat on-ramps, and institutional services.
And the banking system happens to provide these capabilities.
This also means Bitcoin’s role may change.
In the past:
Bitcoin = Digital Gold
In the future, it may further become:
Store of value + Collateral + Yield asset + Payment asset + Core financial infrastructure asset
Bitcoin ETFs solve:
"How does traditional finance hold BTC?"
BTCFi solves:
"What else can BTC do besides holding?"
And Bitcoin Banking may solve:
"How can ordinary people use BTC like a bank account?"
This is why projects like Bitcoin Neobank, BTCFi, and SatPay are starting to gain attention.
If regulatory trends continue, the core competition in the future Crypto industry may no longer be just TVL, trading volume, and token market cap, but will gradually shift to:
Bank charters, custody capabilities, payment capabilities, stablecoin capabilities, institutional clients, and financial infrastructure.
So, what the OCC is opening may not just be a door to "Crypto banking."
But a new industry path:
Bitcoin → BTCFi → Banking → Payment → Everyday Finance
Crypto has tried to build its own financial system in the past.
In the future, what’s more likely to happen is:
Crypto gradually becoming part of the traditional financial system.
And this may be the next stage of Bitcoin’s financialization truly worth watching.
$BTC $CORE GOLD RETURNS ABOVE $4,400 — THIS IS NOT JUST A PUMP
There is one thing I think the market is underestimating:
Gold is returning to the $4,400/oz range while the biggest drivers of the bull cycle have not disappeared.
On 8/12, Gold Spot rose to about $4,406/oz, the highest in over 2 months. The direct catalyst came from the US July CPI rising only 0.1% month-over-month, causing the market to lower expectations that the FED will continue raising interest rates. (Reuters)
On 8/13, gold adjusted to around $4,374, but since the beginning of the month, the price has still increased by more than 8%. (Reuters)
In my view, to understand GOLD right now, you have to look at 3 major cash flows.
1. INTEREST RATES – USD – REAL YIELD
Gold does not generate yield.
Therefore, when the market expects higher interest rates → USD and bond yields become more attractive → GOLD usually comes under pressure.
Conversely, as soon as the market starts pricing in a less hawkish FED, the opportunity cost of holding gold decreases.
This is exactly what is happening after the CPI.
But this is only a short-term catalyst.
However, I don’t think gold will go straight up.
At the beginning of 2026, GOLD once surpassed $5,500, then fell below $4,000 by the end of June. (World Gold Council)
Such a range indicates one thing:
A bull market does not mean no corrections.
If the US economy strengthens again + inflation heats up + FED hawkish + Treasury yields rise + USD strengthens, gold can be heavily sold off.
Conversely, if growth weakens, interest rate expectations decline, geopolitical tensions continue, and Central Banks keep buying…
$4,400 may not be the peak — but just the GOLD zone trying to reclaim before a new leg up.
The World Gold Council has assessed that strong enough catalysts could bring gold back to $4,500+ in H2/2026. (World Gold Council)
If GOLD breaks out of these zones with confirmed cash flow, the next narrative won’t just be about physical gold.
It could spread to:
$XAU → $XAUT → Tokenized Gold → RWA
And when traditional safe-haven assets start going on-chain, the boundary between TradFi and Crypto will increasingly blur.
Don’t just look at the gold price. Look at where the big money is flowing.
#GOLD #XAU #XAUT #BTC #RWA #FED #CPI #Crypto Negotiations over the Strait of Hormuz suddenly face uncertainties; BTC consolidates sideways, ETH weakly oscillates awaiting directional choice
The US-Iran confrontation escalates again, with the previously near-finalized Strait of Hormuz navigation agreement officially put on hold. Iranian officials clearly stated that as long as the US continues military threats and fails to meet conditions on asset unfreezing and compensation, the navigation agreement with Oman will be postponed indefinitely; meanwhile, the Trump administration claims "results within 48 hours" while counter-demanding compensation. The US naval fleet remains deployed in the strait, and both sides have reverted from "near consensus" back to a stalemate.
Affected by this, international oil prices stopped falling and rebounded. The rate cut trade logic, initially ignited by July CPI's better-than-expected decline, is again overshadowed. Transmitted to the crypto market, the two leading coins simultaneously fall into narrow consolidation:
• $BTC did not break through the 64000 resistance after positive news, currently oscillating between 63300-63600. The 1-minute Bollinger Bands continue to narrow, with 63000 as short-term core support. Both bulls and bears are watching for geopolitical signals.
• $ETH is weaker than BTC, currently around $1880, with 24-hour volatility narrowing to 1873-1925. The 1850-1870 range is short-term strong support, while 1920-1950 forms dense resistance. As a riskier mainstream asset, ETH's correlation with BTC remains high at 0.9. During rising geopolitical uncertainty, risk-averse sentiment tends to suppress ETH's elasticity first, with declines usually greater than BTC; conversely, if the situation eases, ETH's rebound strength will be more explosive.
#7月CPI平稳落地，9月加息预期降温
Core logic unchanged: as long as no substantial escalation occurs in the short term, the market will mainly digest profits through oscillation, with funds further concentrating on BTC leaders. ETH and altcoins will continue to face pressure; if unexpected conflicts arise within the 48-hour window, oil price rebounds will rekindle inflation concerns, and overall market risk appetite will decline synchronously; conversely, if the agreement unexpectedly materializes, after negative factors are cleared, the market will return to the rate cut trade mainline, with ETH expected to lead the rebound and recovery.
Operationally, it is recommended to temporarily wait and see. For BTC, watch for a break in the 63000-64000 range; for ETH, watch the 1850 support and 1920 resistance. High-leverage positions should preemptively manage risk and follow the trend after a range breakout.$OKB Major News $OKB AI Big Ecosystem Data, Traffic King OKB AI (X Layer AI Agent Ecosystem) On-Chain Daily Report [August 13], Underlying Logic of Price Increase 1. X Layer Total Network TVL: $117.9 million, 7-day week-on-week +9.1%
2. Total Network Cumulative Unique Addresses: 4.2 million+, total on-chain transactions exceed 400 million
3. Stablecoin Supply: $2.08 billion, Circle native USDC continuously provides USD liquidity for the ecosystem
4. OKB Fundamentals: Total supply permanently locked at 21 million, no additional issuance; all on-chain interactions consume OKB as Gas, more interactions lead to continuous deflation.
II. OKB AI Agent Special On-Chain Data
1. AI Agent Contract Deployment
Currently, the total number of AI Agent contracts deployed on the X Layer chain is steadily increasing; at this stage, it mainly involves developers testing bots and interactive agents, with large-scale commercial high-frequency calls still in a gradual implementation phase.
2. AI Sector Gas Consumption Characteristics
AI bots belong to high-frequency small-amount interactions, a single address can generate hundreds to tens of thousands of on-chain operations daily; the 4.96 million interaction addresses you just viewed are typical AI script wallets.
In the short term, the overall Gas consumption of the AI sector is lower than that of the xStocks US stock token sector; large-scale AI revenue explosions depend on a large number of ordinary users accessing the AI marketplace to generate continuous interactions.
3. Ecosystem Mechanism: OKB Closed-Loop Consumption
Developers deploying AI agents, AI human-machine dialogue settlements, AI strategy executions all require paying OKB Gas; after the AI service payment model is implemented in the future, there will be new demand for directly purchasing OKB.
III. Comparison of Capital Structures of Three Major Sectors (Current)
🥇First Place: xStocks US Stock Token RWA, accounting for 81% of on-chain DEX trading volume, is the core source of OKB consumption at this stage
🥈Second Place: DeFi swaps and liquidity pools
🥉Third Place: OKB AI Agent Ecosystem (in early growth stage)
IV. Key Signals to Watch for AI Ecosystem Going Forward
1. AI Marketplace officially opens on a large scale to the public, adding a large number of ordinary user interaction addresses
2. The daily on-chain transaction share of the AI sector continues to rise, Gas consumption steadily increases
3. Launch of AI Agent staking OKB function, forming long-term chip lock-up #芯片股领涨，韩股十日反弹逾22% #7月CPI平稳落地，9月加息预期降温 Yesterday it was $LITE, and today it’s $COHR. Since Maitong’s editor is off work, I’ll get the update out first. 😄
$COHR’s earnings were just as impressive:
1. Strong earnings beat: Revenue came in at 20.46 vs. 19.81 expected, with solid growth in data center and communications. Non-GAAP gross margin jumped to 40.2%, while EPS reached 2.41 vs. 2.19 expected.
2. Guidance also beat: Q1 revenue is expected at 22–24 vs. 21.5 forecast, with EPS guidance of 1.85–2.05 vs. 1.79 expected.
In simple terms, FY2026 Q4 is already strong, but FY2027 could be even more impressive as growth accelerates.
Both $LITE and $COHR are delivering strong signals from both fundamentals and technicals.
So the bigger question is: Could optical stocks become the next major hardware theme after memory/storage?
I think that possibility is becoming increasingly obvious.
Personally, I also feel that the US market is still much more enthusiastic about hardware-related speculation than software. Software currently feels like it’s stuck waiting for the next narrative and new buyers. Once that demand fades, the sector could lose its appeal quickly.
Just my personal view.
#KoreaChipsLeadRebound
#CPIEasesHikeBets
#AnthropicIPOValuation Elon Musk dropped a big bombshell at the SpaceX all-hands meeting: AI revenue will surpass all other business combined next month, reaching 10 gigawatts of computing power by the end of next year, generating $300 to $500 billion annually. In five years, AI will account for 99% of the company's value — this is turning a rocket company into an AI giant by force.
The current strategy is called "ground training, space inference": training stays on Earth, inference moves to space. Starship is responsible for delivering computing hardware, Starlink provides the communication base — a combined punch.
On paper, the AI business is indeed fierce — Q2 AI revenue was $2.6 billion, up 213% quarter-over-quarter. But the company posted a net loss of 4.8 billion in the first half of the year, and just the computing power investment in AI has drained the cash flow.
For $BTC: Musk’s promise this time is even bigger than the "Tesla robot" — if the AI + space story succeeds, $SPCX will become the top money pump in the US stock market, attracting all tech capital. The bigger issue is, if he really props up the valuation to "astronomical numbers" with AI, the entire market’s risk appetite will be redefined, and BTC’s "tech asset" attribute will be shaken. Let’s wait and see.
#马斯克称AI将占SpaceX价值99% $ETH — Why Can’t Ethereum Hold Above $1,900?
On August 13, $ETH stayed mostly between $1,875–$1,895, barely moving over 24 hours. After briefly touching $1,934, it quickly pulled back and failed to reclaim $1,900 for the third time.
Although cooler CPI data and reduced September rate-hike expectations should have supported ETH, the bullish momentum simply isn’t strong enough. The US spot ETH ETF attracted only around $7.4M in net inflows on August 12, far below previous levels. Without stronger ETF demand, it’s difficult to absorb the heavy supply around $1,900+.
Technically, ETH remains stuck in a consolidation range, with Bollinger Bands around $1,839–$1,946 and weak ADX showing limited momentum.
Key levels:
Above $1,900 with strong volume: Potential move toward $1,920–$1,930
Below $1,870–$1,880: Next targets around $1,850, then $1,820
Between these levels: Likely just sideways chop and short-term position shakeouts.
In simple terms, ETH isn’t necessarily showing strong selling pressure—it’s simply lacking enough buying power to break higher.
Not financial advice. $ETH
#KoreaChipsLeadRebound
#CPIEasesHikeBets
#AIInfraEarningsWatch Bridge exploits keep proving that the wrapped token is only as safe as the accounting behind it. 🌉🚨
Tx says an attacker used fake XRPL deposits to withdraw real XRP from its reserves, while other bridged assets remain fully backed.
The key failure appears to be deposit verification, not XRP itself. Before trust returns, I’d want proof of reserves, the exact amount drained and an explanation of how false deposits passed validation. Other assets are backed is useful but independently verifiable backing is better.
$XRP $NOT $CATI #CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI $ONDO
Grvt could make Ondo far less visible to the end user.
The headline will probably be: “$100M allocated to tokenized Treasuries.”
But the more interesting part is what happens behind the scenes.
Grvt is reportedly holding USDY on its balance sheet and integrating the yield directly into a base rate. That means users can potentially earn a Treasury-like return without ever needing to interact directly with the token or Ondo.
That’s a bigger shift for RWAs.
The product is no longer “buy this token.”
It becomes: “the yield is already built in.”
The numbers are worth watching:
• $100M targeted over 12 months
• Around 4.6% of existing USDY supply
• Roughly 3.5% APY, translating to about $3.5M annually at full deployment
One platform potentially representing nearly 5% of a $2.1B market shows just how concentrated onchain fixed income remains.
But there’s another side to this.
Abstraction makes things easier for users, but it can also hide the underlying complexity. The user may simply see one clean rate while the backend involves multiple layers—Grvt, Ondo, banks, ETFs, and other counterparties.
The real winners in the RWA cycle may not be the platforms offering the highest yield.
They’ll be the ones that make the infrastructure almost invisible without making the underlying risks invisible.
Tokenized Treasuries are moving beyond being a standalone product.
They’re becoming a built-in feature.
And that shift could be much bigger than most people realize.
Who else sees it this way?
Video credit: @new_era_finance
#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI A brother asked in the comments whether Core’s GitHub being quiet for a long time is a warning sign, so I looked into it.
My view: fewer code updates deserve attention, but they don’t automatically mean Core is failing or abandoning development.
A public-chain codebase doesn’t need daily commits. Once the core infrastructure becomes stable, development may focus on security patches, maintenance, upgrades, or other repositories.
The real concern is when low code activity comes together with fewer developers, delayed mainnet upgrades, weak security development, shrinking TVL, fewer ecosystem projects, and declining active users. That combination would be a much stronger warning.
So instead of only asking, “Has Core’s GitHub been updated recently?”, look at the bigger picture:
Are technical upgrades still happening?
Are new versions being released?
Are core developers active?
Is the mainnet progressing normally?
Are ecosystem activity, TVL, and users growing?
I checked Core DAO’s official GitHub, and it’s too early to say that development has completely stopped. Other official repositories have also seen activity this year.
So don’t panic based on one metric.
As a $CORE holder, I’ll definitely keep watching the development closely. Code activity alone doesn’t determine whether a blockchain is alive—but if development, ecosystem growth, TVL, and users all start declining together, that’s when the real alarm bells should ring.
#KoreaChipsLeadRebound
#CPIEasesHikeBets
#HarmonyMintRollback 📊 $ETH Liquidation Flash Report (August 13)
According to liquidation data, ETH shows a pattern of repeated directional switches across multiple timeframes, with extremely intense long-short battles:
· Short-term (1H): Total liquidation $33,600, long $29,600, short $4,004.59, longs crushing shorts by 7.4 times, a dominant long squeeze market but with smaller volume.
· Medium-short term (4H): Total liquidation $2.44 million, short $2.1087 million, long $331,400, shorts crushing longs by 6.36 times, a sharp directional reversal, short squeeze concentrated at the 4-hour level. Significant dual liquidation of longs and shorts in the short term.
· Medium term (12H): Total liquidation $7.2962 million, long $4.3986 million, short $2.8976 million, longs crushing shorts by 1.52 times, direction reverses again, long squeeze returns, liquidation volume about twice that of the 4-hour period.
· 24-hour period: Total liquidation $36.1671 million, short $19.6982 million, long $16.4689 million, shorts surpass longs by **1.20 times**, direction reverses again, short squeeze dominates the 24-hour level, cumulative liquidation exceeds $36.1671 million, shorts account for nearly 54.5%.
⚠️ Risk Warning: ETH multi-timeframe direction repeatedly switches (1H long squeeze → 4H short squeeze → 12H long squeeze → 24H short squeeze), a very typical four-way liquidation pattern; 24-hour cumulative liquidation exceeds $36 million, market volatility is intense but direction is very unclear. Leverage is recommended to be compressed to within 3x, avoid chasing highs or panic selling, strictly control positions and wait for clear direction.
🔥 Market Indicator | August 13
Today's three hot topics point to the same theme: The AI narrative is undergoing a transition from "burning money" to "making money" performance validation, while the macro environment is simultaneously providing a window for this validation.
📊 July CPI Stable: September Rate Hike Expectations Cool Down
US July CPI year-over-year 3.4%, month-over-month 0.1%; core CPI year-over-year 2.5%, month-over-month 0.2%, all three data points fully in line with expectations. Falling fuel prices are the main drag, gasoline prices down 2.9% month-over-month; food subcategory month-over-month increase narrowed to 0.1%, with previously supply-shocked lettuce and tomato prices plunging.
After data release, September rate hike probability dropped sharply from 48% two days ago to 36%. Nick Timiraos, known as the "New Fed Correspondent," pointed out this report "somewhat alleviates the pressure on the Fed to raise rates next month." The S&P 500 index closed up 0.3%, near historic highs.
🏗️ AI Infrastructure Earnings Relay: Cloud Revenue Accelerates Across the Board
Q2 earnings season, the three major cloud providers delivered strong results. Google Cloud revenue $24.8 billion, up 82% year-over-year, operating margin jumped from 20.7% to 35.6%; Microsoft Azure up 43% year-over-year; Amazon AWS revenue $42.2 billion, up 37% year-over-year. All three cloud giants' unfulfilled orders more than doubled. AI investment is forming a positive cycle of "capital expenditure → revenue → profit → reinvestment."
New AI cloud infrastructure stars also exploded—Nebius core AI cloud business sales surged 514% year-over-year, stock price soared 34% in one day; CoreWeave disclosed $104 billion in orders on hand, stock price rose over 19%.
🚀 Musk: AI Will Account for 99% of SpaceX's Value
At the all-hands meeting, Musk boldly declared: AI revenue will surpass all other SpaceX businesses combined as early as September; within five years AI will account for 99% of the company's value; SpaceX aims to build 10 GW of AI computing power by the end of next year, corresponding to annual revenue of $300 billion to $500 billion. SpaceX's current computing power is 1.4 GW. Boosted by this, SpaceX stock rose over 6%, rebounding more than 35% from recent lows.
💎 Summary
CPI landed moderately, September rate hike probability dropped to 36%, easing macro pressure temporarily; the three major cloud providers prove AI investment is paying off with operating margins over 35%; Musk's declaration that "AI accounts for 99% of SpaceX's value" pushes the imagination of the AI narrative to new heights. When the macro window opens, the industry positive cycle is established, and the narrative ceiling is redefined—the AI track is moving from "storytelling" to fully "delivering results." #7月CPI平稳落地，9月加息预期降温
#财报观察员：AI基建财报接力登场
#马斯克称AI将占SpaceX价值99% $SOL
Rob has been bearish on Solana for months, but a recent post from @lukemartin made him rethink part of his thesis.
His earlier view was that Solana was still too closely associated with Pump.fun and meme-coin activity, making it difficult to attract serious institutional capital or gain meaningful market share in more established financial markets.
But there’s another possibility.
If tokenized stocks and other real-world assets become widely used onchain, the same distribution and speculation mechanics that made Pump.fun successful could potentially work for a much broader audience—especially younger investors who aren’t interested in traditional meme coins.
That doesn’t necessarily mean being bullish on Solana as an L1.
It means there may still be a legitimate path for the ecosystem to succeed through tokenized assets and new forms of onchain trading.
Andy’s counterpoint was even more interesting: if that’s the thesis, why buy $SOL when $PUMP could potentially capture more value after accounting for Solana’s inflation and token emissions?
The debate now isn’t simply whether Solana wins.
It’s which part of the Solana ecosystem actually captures the value.
#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI $APR Why do so many people always say there are a lot of short sellers?
If there really were that many short sellers, the funding rate wouldn't be positive.
In the past 24 hours, short positions have clearly dominated.
So, the next rally depends on who moves faster.
It's basically the final round now.
Among the bulls, all the shorts that could be liquidated have been liquidated. New leverage positions are mostly 3x or more, and they have sufficient margin. The main players probably find this headache-inducing.
It's unrealistic to pump the price up just to liquidate them.
Yesterday it rose 220%, but shorts only liquidated about 6 million.
Yet the trading volume exceeded $800 million.
This shows how difficult it is to liquidate shorts by pushing the price up.
Therefore, a rally could happen anytime, but the chance of aiming to liquidate shorts is lower; it's more about distributing at high levels.
Forget about whether it's a speculative stock or not.
The higher the price is leveraged up, the greater the risk for the main players.
After last night's session, the main players' cost basis shouldn't be low.
They probably have headaches trying to sell at high levels, but there are too many chips, making it hard to unload. Also, there was no shakeout when it started, so many positions have 10x to 20x floating profits. Pumping the price up to sell makes it harder for the main players to offload.
At the same time, they have to worry about short-selling institutions attacking.
Therefore, exchanging time for space will eventually evolve into distributing regardless of cost.
Resistance above: around 0.53. A breakout with volume could reach 0.65.
Support below: 0.43. A breakout with volume here means no bottom in sight.
#7月CPI平稳落地，9月加息预期降温 #财报观察员：AI基建财报接力登场 #马斯克称AI将占SpaceX价值99% $FIL bulls look extremely weak right now, while bears seem to have far more selling power. A single dump of around 200,000 can push the price down by roughly 30 points, so it’s hard to imagine what would happen if sellers unloaded 2 million—the price could potentially fall toward 0.64.
Because of this imbalance, $FIL looks more suitable for short setups than long positions. Most long buyers appear to be retail traders without enough capital to absorb heavy selling, while bears seem capable of unloading tens or even hundreds of thousands in one move.
For now, it may be better to stay away from this coin unless the market structure changes. The bulls simply don’t seem to have strong enough liquidity or market support to compete with the selling pressure.
#CPIEasesHikeBets
#AIInfraEarningsWatch
#SpaceX99%ValueFromAI Altcoins collectively stall, $OKB breaks through $100 against the trend, rising nearly 8% in 24 hours!
$BTC remains around $63,000, $ETH holds firm at $1,900, and $SOL hovers around $76.
Mainstream coins are temporarily stable, but sentiment in the altcoin market is clearly weakening.
The NFT sector fell 5.19% in 24 hours, with $BEAT dropping another 13.31%.
The Meme sector retraced 3.69%, with $PEPE and $TRUMP down 5.61% and 6.58%, respectively.
The previously high-volatility sectors are starting to recede, indicating that capital is indeed actively narrowing its holdings.
A few coins are still running independent trends. The most eye-catching is $OKB, which rose nearly 8% while the CeFi sector overall dropped 0.52%.
$OKB has shown continuous strength recently, possibly because the market is betting on X Layer’s recent completion of both funding and application ends:
- Circle integrated native USDC and cross-chain transmission protocol CCTP into X Layer
- Pendle completed native deployment on X Layer and launched the USDG yield market
- Stablecoin scale on X Layer is about $2 billion, DeFi TVL has surpassed $100 million, growing nearly 10 times in half a year
If more lending, trading, and yield protocols join next, capital on X Layer will truly start to flow.
The weak narrative continues to bleed out, with a few strong coins absorbing liquidity. Choosing the wrong direction will be more painful than missing out.Don’t play the Monday-morning quarterback—tonight’s PPI is also likely to come in close to expectations.
Yesterday, July CPI showed 3.4% YoY growth and just 0.1% MoM, confirming that inflation is gradually cooling.
For tonight, PPI is expected at 4.9%, down from the previous 5.5%. If the figure matches forecasts, it would simply reinforce the cooling-inflation narrative from CPI rather than deliver a fresh surprise.
After the CPI release, $ETH jumped to around $1,924.97, only to quickly drop more than $70 toward $1,870. That’s a classic “buy the rumor, sell the news” reaction.
So even if PPI meets expectations, I don’t expect it to create another strong, sustained rally. The more likely scenario is another quick pump followed by a pullback.
#KoreaChipsLeadRebound
#CPIEasesHikeBets
#HarmonyMintRollback From "Retail Investor Graveyard" to Technical Bull Market, South Korea's Stock Market Took Only 10 Days—Old Mo Explains Why Chip Stocks Pulled KOSPI Back
Brothers, this V-shaped reversal in the South Korean stock market made Old Mo involuntarily say one thing—it's ruthless.
On August 13, the South Korean KOSPI index surged intraday by up to 4.8%, rebounding about 22% from the July 30 low, officially entering a technical bull market. Just 10 days ago, it was in panic selling; 10 days later, it directly broke into bull market territory.
Who pulled it up? Chip stocks.
Samsung Electronics rose over 5%, SK Hynix rose over 7%. These two companies contributed the most to the KOSPI index. Storage concept stocks collectively rebounded—SK Hynix rose over 9%, Seagate Technology rose over 7%, SanDisk rose over 5%, Micron Technology rose over 4%.
Year-to-date, the KOSPI index has risen more than 60%. After a 22% plunge in July, marking the worst single-month performance since the global financial crisis, it fully recovered in 10 days.
Why the V-shaped recovery? Old Mo breaks down four reasons for you.
First, the AI narrative is back.
CoreWeave and Supermicro earnings reports confirmed strong demand for AI infrastructure, directly igniting market enthusiasm for tech hardware stocks. Global tech giants continue to show massive AI spending in their latest earnings, reestablishing market confidence in storage chip demand. Fundstrat's head of technology strategy, Mark Newton, said storage chip stocks have outperformed the broader tech sector for the first time since June—"This is significant for Korea because Samsung and SK Hynix have a decisive impact on the Korean stock market."
Second, the leveraged liquidation players have disappeared.
The core reason for the July plunge was the concentrated liquidation of leveraged chip stock positions, causing trading suspensions and evaporating billions of dollars of wealth among South Korean retail investors. The South Korean government subsequently tightened regulations on single-stock leveraged ETFs, reducing investors' margin debt. Arkevium Capital's CIO bluntly said: "Once leverage is removed, the same market can experience a sharp rebound. Forced sellers are gone. Short sellers have taken profits. Dealers have reduced downside hedges."
Third, CPI gave a boost.
US July CPI slowed to 3.4% year-over-year, core CPI slowed to 2.5% year-over-year, all in line with market expectations. After the data release, the probability of a September rate hike dropped from nearly 50% to about 38%. The easing of Fed rate hike concerns supported US-listed chip stocks, which then transmitted to the South Korean stock market.
Fourth, Temasek and shareholder return plans are igniting.
Reports say Singapore's state-owned investment company Temasek plans to invest in South Korean chip giants, causing Samsung and SK Hynix shares to surge over 8%. Meanwhile, the market expects Samsung and SK Hynix to announce new shareholder return plans as early as the end of August, with total returns possibly exceeding 200 trillion KRW (about RMB 952 billion).
Can the rebound continue? Old Mo points out several signals.
Life Asset Management CEO Kang Da-won reminds: "If the AI investment narrative and US interest rate trends cannot achieve a certain degree of stability, it will be difficult for the South Korean stock market to maintain a sustained rise."
Fundstrat believes there may still be room for further rebound—iShares MSCI Korea ETF has broken through key technical levels, confirming a reversal pattern. Macquarie analysts maintain a KOSPI index target of 8000 points.
But year-to-date foreign investors remain net sellers, withdrawing over $100 billion from Korean stocks by 2026. Foreign capital has not returned yet; this rebound mainly relies on domestic funds and short covering.
Back to BTC and ETH.
This South Korean stock market movement has no direct relation to your BTC positions, but there are two indirect signals worth watching. First, the AI narrative is being recognized again by the market, and risk appetite in the tech sector is rising—BTC, as a high Beta asset, will benefit sentiment-wise. Second, if the kimchi premium turns positive with the Korean stock rebound, selling pressure from Koreans may ease. The inverse kimchi premium has been suppressing BTC over the past month; this variable is worth monitoring.
BTC latest price is about 63700-64200, fluctuating between 63500-64500 in 24 hours. ETH is about 1890-1910.
Old Mo's final word: From a 22% plunge to a 22% surge in 10 days, the South Korean stock market has proven one thing with action—the AI narrative is not dead; it was just that the July leveraged stampede pushed prices to places they shouldn't have gone. But rebound ≠ reversal, foreign capital hasn't returned, and the sustainability of AI spending is still debatable. KOSPI is still about 24% below the June high—the road ahead is long.
Did you catch this Korean stock rebound? Will BTC follow along? Let's discuss in the comments. #芯片股领涨，韩股十日反弹逾22% $BTC $ETH $OKB #Trump sued over TruthSocial paid data feed Suing the president? My first reaction to this is: if it's just paying for a better API, I think that's normal; but if paying can get you “presidential news a few milliseconds faster,” then the nature is completely different.
The core of this controversy is the Truth API launched by Truth Social. According to Reuters, the service charges up to $100,000 per month, allowing buyers to access posts from high-impact accounts like Trump faster than ordinary users; The Intercept and the Freedom of the Press Foundation have already filed a federal lawsuit, arguing that when this content involves tariffs, sanctions, and other policy information that may directly affect the market, paying users may gain a trading advantage.
We all know in trading that when someone like Trump can influence $BTC, US stocks, or even crude oil with a single sentence, a few seconds can sometimes be enough for the price to move significantly. Ordinary people see the push notification and then open the trading software, but quantitative funds may have already completed the first round of trades through the API.
So I am not against paid data services; Bloomberg, exchange market data, and institutional terminals already have speed differences. But if the information itself is publicly released by the president and may affect financial market policies, then “whoever pays more knows first” can indeed easily touch the boundaries of market fairness.
This also makes me follow the first news candle less and less. Retail investors find it hard to beat institutions in speed, so don’t compete with machines on speed.
I prefer to wait until the first round of emotional release, then judge whether the news really changes the fundamentals or just causes a few minutes of volatility.
In a market increasingly driven by news, being a few seconds slower doesn’t necessarily mean losing; chasing the wrong direction is the real loss.The rebound in the Korean stock market this time is quite strong.
It gained 22 points in ten days, directly moving from a technical bear market into a technical bull market. Samsung rose more than 5%, SK Hynix rose over 7%, and the rapid surge even triggered pauses in programmatic buying orders. The worse it fell before, the stronger the rebound now.
The logic is actually quite clear: AI capital expenditure is still ongoing, the storage and optical communication sectors are warming up, and foreign capital is flowing back. Temasek is reportedly also considering direct investments in Samsung and SK Hynix. Although the timing and scale are not yet determined, the news itself has already fueled sentiment.
What does this have to do with the crypto space?
South Korea is one of the most active crypto markets globally. A violent rebound in the stock market will draw away some funds. The Korean premium has recently been narrowing, which is somewhat related to this rebound. In the short term, Korean funds in the crypto market will face pressure. But the chip stocks leading the rally indicate that the AI narrative is still valid. As long as this trend doesn't collapse, the overall risk appetite in the tech sector won't be too poor. Crypto, as a high-beta asset, will indirectly benefit from the sentiment.
Moreover, the trend in the Korean stock market itself is a signal. It fell 17% in ten days, then rose 22% in the next ten days. Such volatility cannot be explained by fundamentals; it is the result of leverage clearing and replenishment. Korean retail investors are accustomed to high volatility. After this rebound in the stock market ends, funds will most likely flow back into the crypto market.
Here is my view.
This rebound is essentially a correction after an oversell, not a sudden improvement in fundamentals. The storage cycle is still favorable, but valuations were crushed too hard before, creating a gap. Now, only part of that gap has been filled. Samsung and SK Hynix hold a large weight in the index, so when funds come in, the index soars, rising fast and falling fast.
For the crypto market, in the short term, there is pressure from fund diversion. In the medium to long term, the allocation logic of Korean funds hasn't changed. Once the stock market rally ends, the funds that should return will still come back.
$BTC $ETH #芯片股领涨，韩股十日反弹逾22% The early morning trading on the square is even more thrilling than the daytime candlesticks. $APR surged from 0.21 to 0.63, then crashed back to 0.48, with both bulls and bears wiped out within a day. The guy with a 10x short entered at 0.397, once floating a loss of -435%, still holding on stubbornly; meanwhile, trader Maomao went all-in with 120,000 on the long side, reasoning that "this candlestick looks too much like a pullback trap for shorts."
The same coin, two beliefs, one side always pays the tuition.
Watching this altcoin game enough, you get it: $BEAT fades, then $BICO rises; $BICO cools off, then $APR takes the stage—each day a new protagonist. The pumpers are the same group, while the bag holders are successive waves of newcomers. Maomao dares to go all-in with 120,000 because he still holds a 100,000 U floating profit from the SNDK trade—he can afford to lose, but if you blindly follow and go all-in, no one will catch your fall.
The main market is quiet: $BTC has been stuck around 63,800 for three days, $ETH is flat at 1,890, and $SOL is hovering around 76. The funds haven't left; they're just rotating among altcoins. Once this wave of sentiment is digested, the main trend will return.
$BTC $ETH $SOL I don’t think AI agents create automatic demand for every AI coin. The payment loop has to touch the chain. 🤖⛓️
Grayscale expects agents to drive demand for Ethereum and Solana in finance, Worldcoin for identity and Bittensor for decentralized AI governance.
My filter is simple: does the agent actually pay fees, hold collateral or verify identity on-chain? If yes, usage can create structural demand. If the token only sits beside an AI narrative, the connection is mostly marketing.
#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI
$BTC $ETH $APR CoreWeave’s revenue growth caught my eye, but the commitments matter even more. ⚡
The company reported $2.58B in Q2 revenue, up 112% year over year, and signed over $25B in new customer commitments in early Q3.
That suggests AI compute demand is being booked years ahead, not bought casually each month. The next question is execution: commitments only become valuable if CoreWeave can finance and deliver the required capacity without infrastructure costs outrunning revenue.
#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI
$BTC $ETH $OKB $OKB's recent surge is actually supported by logical factors.
First and foremost, the core is the restructuring of scarcity. OKX previously burned about 65.26 million OKB tokens at once and permanently fixed the total supply at 21 million tokens. After this significant supply contraction, the valuation logic of OKB has changed. 
The second catalyst is X Layer. OKB has now become the core Gas asset of X Layer. As OKX further integrates trading, wallets, payments, and on-chain ecosystems, the actual use cases of OKB continue to expand. 
What’s even more noteworthy is that ICE, the parent company of the New York Stock Exchange, invested in OKX this year and pushed OKX’s valuation to about $25 billion. The two parties subsequently established a joint venture project to continue advancing tokenized assets and digital financial infrastructure. 
So now, OKB is no longer just an exchange platform token; it’s more like the core asset of the entire OKX on-chain ecosystem. With reduced supply, increased applications, and the entry of traditional financial giants, market capital naturally finds it easier to reprice it. Lately, I've been trading US stocks and oil, and although I've also been trading BTC dual-currency, I've been paying more attention to ETF and volatility data, indeed neglecting BTC's on-chain data. I took a look during the day today, and it can only be described as dismal.
The on-chain BTC data is indeed very poor, especially some data I personally focus on, which is extremely bad, such as exchange reserve data. This data has always been my focus. Since the bottom on May 5, 2026, the exchange reserves have increased by more than 130,000 BTC in three months.
This data basically indicates that although Bitcoin has been hovering around $60,000, there is still a portion of users transferring BTC to exchanges preparing to sell. From the data, Binance has the largest inflow, accounting for more than half, followed by Coinbase and OKX, each with over 20,000 Bitcoin transferred in.
This inflow does not necessarily mean a large amount of chips are ready to dump immediately, but this BTC that has been transferred in since the drop from $80,000 might be sold during a rise. In other words, it is very likely that the current $60,000 is not the target price for these holders, but the closer BTC gets to $80,000, the greater the potential selling pressure.
$BTC Family, the South Korean index KOSPI violently rebounded 23% from the low point on July 30, directly entering a technical bull market. Samsung Electronics and SK Hynix, the two heavyweight stocks, rose more than 5% and 7% respectively today. This round of rebound is driven by a triple resonance.
First clear signal: Temasek is coming to "bottom fish." Singapore's sovereign fund Temasek plans to invest directly in the South Korean stock market for the first time, targeting Samsung Electronics and SK Hynix. This is Temasek's first entry into the South Korean stock market, and the signal is more important than the money itself. Once the news broke, Samsung and Hynix stock prices surged more than 8% on the same day.
Second clear signal: The largest shareholder return in history. SK Hynix is preparing a shareholder return plan totaling about 100 trillion KRW (approximately $71 billion), including 40 trillion KRW in buybacks and 60 trillion KRW in special dividends. Compared to last year's scale of about 14.3 trillion KRW, this is a nearly 7-fold increase. Lyon Securities believes shareholder returns may exceed 100 trillion KRW by 2026, with a target price of 3.7 million KRW. Samsung may also follow suit, with the two combined possibly exceeding 200 trillion KRW.
Third clear signal: The supply-demand gap "shows no end in sight." A Micron executive publicly stated at the KeyBanc forum that storage supply and demand will be tighter in 2027 than in 2026. The exact words were, "The primary limiting factor is DRAM itself, not power or factories." JPMorgan has already raised its global storage market size forecast for 2026 to 2028 by 4% to 8%, expecting it to grow from $969 billion in 2026 to $1.44 trillion in 2027 and $1.82 trillion in 2028.
With these three "clear signals" of positive factors on the table—solid fundamentals, shareholders willing to distribute profits, and backing from major foreign investors—the triple resonance has pushed KOSPI into a technical bull market.
But to be honest, the cyclical nature of memory chips has not disappeared; it is just temporarily masked by AI demand. The forward P/E ratio is indeed cheap now, but cheapness has never been the reason for a rise; it is the expectation gap. This round of rebound is driven by "still solid fundamentals + shareholders willing to distribute profits + backing from major foreign investors," and the logic is very clear. However, the "cyclical curse" of the memory industry still exists, and once the expansion cycle starts, the supply-demand gap will eventually be filled. It's just that now is not that time yet.
Did you catch the rhythm of this wave? Share your operations in the comments. Wishing everyone smooth trading. $BTC $SKHYNIX $SNDK Title: Harmony Faces "Money Printing Machine" Attack, Is Rollback a Cure or a Poison?
Event Overview:
The Harmony network experienced an anomaly today, where hackers exploited a minting vulnerability to generate over 30 trillion ONE (approximately several times the normal supply) across 6 blocks. The official team has confirmed this and urgently initiated a rollback plan. The vulnerability has been fixed, and the list of attacker wallets will be announced soon.
Key Points:
1. What does rollback mean?
It is equivalent to "modifying history," restoring the on-chain state to before the attack occurred. This requires joint execution by validators and exchanges. Although it can erase the hacker's gains, it also shakes the foundation of "immutability," potentially causing community consensus splits later.
2. Market Impact:
· Short term: If rollback succeeds, selling pressure disappears and prices may rebound, but liquidity might be limited due to exchanges suspending deposits and withdrawals.
· Long term: The public chain's security and governance mechanisms will be questioned. If a fork occurs, determining the legitimacy of new and old tokens will be a huge risk.
3. Operational Suggestions:
If you consider short-term long positions, please pay attention:
· Prices are prone to sharp spikes up and down during rollback; setting hard stop-losses is recommended;
· Follow official announcements and the timing of exchanges resuming deposits and withdrawals;
· Avoid heavy bets on rebounds, as such events carry extremely high uncertainty.
Summary: Harmony's choice of a "hard rollback" is a helpless move; it can save the situation short term but depends on community acceptance long term. Small position speculation is acceptable, but do not treat rollback as a positive.
Personal Plan: Place small orders to try going long, set stop-loss 5% below the pre-rollback low; exit if broken, no big risk.
· Remember to watch for the timing of exchanges resuming deposits and withdrawals, as that is often the window with the greatest price volatility. 如果说英伟达卖的是AI的“大脑”，那么美光科技（$MU）卖的，就是AI运行过程中越来越不可缺少的“记忆”。 过去市场看美光，通常把它归类为典型的周期股：内存价格上涨，公司赚钱；供给增加、价格下跌，利润又被打回原形。 但2026年的美光，正在发生一个非常关键的变化： AI正在把传统内存周期，改造成一场更长期的算力基础设施扩张。 🚀 美光最核心的逻辑：AI正在疯狂“吃内存” 现在AI模型越来越大，数据中心部署的GPU越来越多，对高带宽内存（HBM）、服务器DRAM以及高性能存储的需求同步增加。 美光最新财报已经把这个趋势表现得非常明显。 2026财年第三季度，美光营收达到414.6亿美元，相比上一季度的238.6亿美元大幅增长；GAAP净利润达到282.4亿美元。公司同时给出的第四季度营收指引约为500亿美元，毛利率预计约86%。(Micron Technology) 这已经不是传统意义上的“内存周期反弹”。 AI正在把内存从普通零部件，变成算力基础设施的核心资产。 🧠 HBM，可能才是美光真正的王牌 为什么市场如此关注美光？ 核心就是两个字： HBM。 HBM，也就是高带宽内存，是AWoke up to a breakthrough over 100U, not just pure sentiment, mainly because:
1. Technical breakout after weeks of consolidation (82-87 range), with volume pushing through the 90-100 psychological barrier
2. Circle native USDC + CCTP officially launched on X Layer, increasing demand for OKB as a Gas token
3. OKX ecosystem moves (European rewards, product expansion) + altcoin rotation capital inflow#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI $XRP and 1001 questions: WHY?
1. Low gas fees + very little burn: Despite high volume, the amount burned is very low, not enough to create scarcity >> Price does not increase
2. Circular design, the same amount of $XRP can serve multiple transactions per day >> The faster and cheaper it is, the harder it is to push the price up (Funds, organizations, and individuals don’t need to hold too much $XRP to pay gas fees)
3. No staking, weak yield, very low reserve (1 XRP/1 account)
4. Supply always exceeds demand: New tokens unlocked every month
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#RippleOnce the hype from an Ansem post stops attracting fresh buyers, $Hx tends to drift lower.
He started promoting WIF around a $100K market cap, before it eventually pushed above $3B, while his audience had grown to roughly 600K followers by late 2024.
The key question now is whether organic buyers can keep showing up even when there’s no new post or promotion.
If demand only appears when another call goes viral, the rerating may struggle to hold. But if buyers continue accumulating during the quiet periods, the move has a much stronger foundation.
#CPIEasesHikeBets #AIInfraEarningsWatch #SpaceX99%ValueFromAI "Bitcoin ETFs saw a net inflow of $850 million last week, so why is BTC still hovering around 64,000?"
ETFs are buying, but whales and miners are selling. Both sides are clashing, and it's still unclear who will win.
Let's first look at the ETF side.
Last week, U.S. spot Bitcoin ETFs had net inflows for five consecutive trading days, totaling about $853 million. Among them, BlackRock's IBIT alone attracted $694 million, accounting for over 80% of the total.
BlackRock itself said: Bitcoin ETF investors tend to hold long-term, and even though many bought near $100,000 or even $110,000 and are currently at a clear unrealized loss, they have not panicked and withdrawn.
The most aggressive institutions on Wall Street are accumulating bit by bit around the $60,000 level.
But let's look at the other side.
On-chain data is sending warning signals.
Lookonchain detected that an anonymous whale has sold a total of 7,513 BTC over the past three weeks, worth about $486.9 million.
Another whale, suspected to be a miner, has deposited 6,494 BTC to Binance over the past 20 days, valued at $421 million, with an average price of $64,798.
The most heartbreaking part is — one of these addresses received BTC from FalconX a year ago at an average price of $116,110.
Holding for a year, down 44%, then cutting losses and exiting.
You might think only retail investors are losing, but big players are bleeding too.
So the current situation is:
ETFs are buying, whales are selling. Miners are transferring, big holders are exiting.
The buying pressure comes from Wall Street's long-term allocation funds, while the selling pressure comes from on-chain existing supply.
These two forces are confronting each other around the $64,000 mark.
BTC is consolidating at this level, with volatility dropping to the year's low. No one has won yet.
But something interesting is happening —
ETH and BTC are starting to diverge.
Data from August 10 shows: Bitcoin ETFs had a single-day net inflow of 1,731 BTC (about $112 million), while Ethereum ETFs had a single-day net inflow of 29,900 ETH (about $56.78 million).
Over the past 7 days, Ethereum ETFs accumulated net inflows of about 118,500 ETH, worth approximately $225 million.
Although the absolute amount is less than BTC, in relative terms, ETH is accumulating more efficiently.
Moreover — BTC has dropped nearly half, while ETH fell from 4,800 to 1,900, a 60% decline.
Which is cheaper? It's obvious.
There is also another variable.
On August 12, the U.S. July CPI data is about to be released. Economists expect overall inflation to slow to 3.4%.
If CPI continues to cool and rate cut expectations rise, risk appetite will reopen — ETH usually has greater elasticity than BTC.
If CPI exceeds expectations and rate hike expectations rise — then no one escapes.
The current position is the calm before the storm.U.S. stock funds are withdrawing from most sectors but continue to pour money into tech stocks
Recently, U.S. retail investors have started to reduce purchases of individual stocks, even showing net selling, but they still maintain relatively stable net buying of ETFs. Retail investors have not truly left the U.S. stock market; they are just beginning to lower risk, shifting from trying to beat the market with a single stock to betting that the entire U.S. stock market can continue to rise.
Recent data from BofA further supports this view. In the past week, BofA clients made net purchases of about $3.8 billion in U.S. tech stocks, marking the second-largest single-week buying volume in history. Meanwhile, 7 out of 11 sectors experienced net selling, with all U.S. individual stocks combined showing a net sell of $2.4 billion.
The industrial sector saw net selling of about $1.9 billion, communication services net selling of $1.8 billion, financials net selling of $1.4 billion, and healthcare net selling of $1.3 billion. This means that overall, the U.S. stock market has not seen a broad capital inflow; instead, buying is increasingly concentrated in tech stocks.
Retail investors are reducing positions in high-volatility individual stocks and shifting more money into ETFs, while another portion of funds is actively concentrating individual stock positions in tech companies. The end result is actually quite similar: capital is increasingly flowing toward the companies with the highest index weights, best liquidity, and strongest market consensus.
Therefore, a fairly obvious situation may now emerge in the U.S. stock market: the index itself remains very strong, but a large number of stocks beneath the index are not receiving the same capital support.
$QQQ Why did the original big short from 2008 choose to keep increasing his short positions on Nvidia and related semiconductors?
He believes that Nvidia is not just a company selling AI chips; it is now collaborating with Wall Street to find funding and leverage for data centers, and the funded data centers will then come back to purchase Nvidia chips.
The biggest signal is their partnership with financial institutions like BlackRock, Blackstone, KKR, and Goldman Sachs to plan a new $500 billion funding scheme, where institutions provide money to build AI factories filled with Nvidia GPUs.
This means Nvidia is simultaneously driving capital into the AI industry while turning that capital into its own orders, effectively creating a cycle of financing.
If this continues, AI chips and data centers will be packaged as financial assets similar to mortgages and car loans. Investment institutions can first establish specialized financing tools, borrow money to build data centers, and then repay debts using future rental income, computing power revenue, or equipment.
Although this benefits the continued expansion of AI investment, if the final demand and income fall short of expectations, the underlying debt risk could be concentrated and exposed.
Therefore, this guy is viewing Nvidia as the energy giant Enron was back in the day, a company that also designed many complex and hard-to-understand financing structures, hiding debt in special entities and packaging energy contracts as tradable financial products to maintain growth and profits.
This is why he has been continuously increasing his short positions in semiconductor and memory stocks, with the latest transaction on August 12.
$SOXL 【Securitize Tokenized Assets Hit New High, But Why Are Losses Widening?】
RWA leader @Securitize released its Q2 2026 financial report with key points as follows:
・Average tokenized asset management scale reached $4.3 billion, up 16% year-over-year
・On-chain transaction volume grew 147%, reaching $5.3 billion
・Revenue decreased 5% year-over-year, down to $14.4 million
・Net loss widened from $6.15 million in the same period last year to $21.7 million
Part of the loss comes from fair value changes in options and derivative liabilities, which are non-cash outflows; even excluding these, adjusted EBITDA turned from profit to loss ($1.8 million → -$5.5 million), with operating costs increasing by 56%. This shows rapid growth in RWA adoption and trading, but Securitize has yet to convert scale into revenue.
For the crypto space, this remains an important advancement in institutional asset on-chain adoption. BlackRock's BUIDL has been integrated into institutional collateral processes, and Securitize has also obtained qualifications related to tokenized securities custody and stablecoin atomic settlement, potentially further linking RWA, stablecoins, and DeFi.
Tokens worth watching include $ETH, $SOL, $AVAX, and $ENA related to the USDe ecosystem.
Ethereum has a more mature RWA and DeFi foundation, while Solana and Avalanche continue to support tokenized funds, stocks, and trading infrastructure. However, Securitize itself adopts a multi-chain strategy, with networks like $ARB, $OP, $POL, $APT, $BNB, and $TRX possibly diversifying related activities.