News linked to both this project and an event.
According to Chaoxiang Research, a Bernstein report dated August 31, 2026, notes that Meta is poised to surpass Google Search for the first time in Q4 2026, becoming the world’s largest single ad platform. By mid-2024, market expectations for 2026 Google Search ad revenue growth were just 8%, but have since been revised upward to 16%, while Meta’s have increased from 12% to 26%. Year-over-year growth for the digital advertising basket in H1 2026 hit 21%, far exceeding the 6% recorded in 2022. AI is driving simultaneous growth in both ad pricing and impression volumes, a rare combination achieved by both Meta and Google Search. Yet, digital advertising equities have underperformed across the board this year, whereas e-commerce stocks have significantly outperformed. E-commerce firms have reaped the same AI-driven advertising tailwinds but at a fraction of the cost, sidestepping the massive AI capital expenditure burden and associated valuation discounts. Bernstein has assigned an Overweight rating to Meta, Pinterest, and Amazon, with respective target prices of $800, $28, and $320. Key risks include whether AI investments can sustain growth momentum and potential deceleration in the advertising market.
Odaily News, according to Bitcoin News monitoring, OCEAN operator Mummolin Inc. and co-founder Luke Dashjr issued a joint statement on August 29, agreeing to part ways. Luke Dashjr resigned as OCEAN Chairman, Chief Technology Officer, and Director, and Mummolin bought back all of his equity. Neither party disclosed the transaction amount nor Luke Dashjr's previous shareholding ratio. Both parties stated that the split stemmed from differing visions regarding the future direction of Bitcoin mining.The BIP-110 dispute subsequently escalated into a split of the Bitcoin chain. BIP-110, also known as the "Data Carve-out Temp Soft Fork," aims to restrict the use of Bitcoin transactions to store non-financial data, including content related to Ordinals. Before the activation period began, only 51 out of 2,016 blocks supported the proposal, accounting for 2.53%, falling below the 55% threshold required for activation.On August 8, nodes enforcing BIP-110 split from the Bitcoin main chain by rejecting blocks that did not support the proposal. On that day, the minority chain only produced 2 blocks before halting; since then, the chain mined 6 more blocks, bringing the total to 8 blocks. The initial alternative chain blocks were mined by the Roughnecks mining organization using OCEAN infrastructure.On August 10, other Bitcoin developers removed Luke Dashjr from the editor list of the Bitcoin Improvement Proposal repository, citing his involvement in BIP-110 and its editorial process. Luke Dashjr disputed this and stated that day that he would temporarily leave OCEAN to focus on Bitcoin and open-source development.Luke Dashjr is currently advancing a new project called CONVOY, using the X account @CONVOY_Mining. This project will continue his push for the decentralization of Bitcoin mining, though its specific structure and launch arrangements have not yet been announced. The X account was created in August 2026 and currently has 0 posts and fewer than 500 followers.OCEAN was founded by Mummolin and co-founded by Luke Dashjr in 2023, and previously secured a $6.2 million seed round led by Jack Dorsey. OCEAN operates under a non-custodial model, with mining rewards paid directly to miners rather than being held and distributed by the pool. OCEAN also developed the DATUM protocol, designed to give individual miners greater control over the transactions included in blocks they participate in mining. OCEAN stated that it will continue operating its transparent non-custodial mining pool and the DATUM protocol after Luke Dashjr's departure. According to Mempool.space data, OCEAN is still mining on the Bitcoin main chain.The change proposed by Luke Dashjr altered the proof-of-work algorithm of the alternative chain to Blake2b, which went live on the new chain at approximately 3:00 AM EST on August 30, making it a hard fork of the Bitcoin main chain. The new chain continued from block 961,639, which was mined before the chain stalled, and reduced mining difficulty fr
Odaily News: Fomo, a social crypto trading app built for Robinhood Chain and other networks, entered the top five finance apps in the U.S. on August 21, briefly climbing to No. 3 and surpassing Cash App and prediction market Kalshi. It currently ranks in the top 15.Founded by Paul Erlanger and Se Yong Park, Fomo launched its public beta in May 2025. In November 2025, it completed a $17 million Series A round led by Benchmark, with participation from 140 angel investors; this was followed by a $75 million Series B round, bringing total disclosed equity funding to approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of people they follow, track leaderboards, and copy trading signals, with instant deposits funded via Apple Pay. Its cumulative installs on Google Play have surpassed 1 million, with over 600,000 users and more than $4 billion in trading volume. (Bitcoin.com News)
According to CNBC, Andrew Bailey, Governor of the Bank of England and Chairman of the Financial Stability Board (FSB), wrote to G20 finance ministers and central bank governors on August 31 to warn that frontier AI models are exhibiting increasingly sophisticated autonomy and threat capabilities, which could fundamentally alter the speed, scale, and economics of cyberattacks, potentially triggering disorderly adjustments across global financial markets. Bailey noted that highly concentrated third-party service providers will become critical nodes of systemic risk, emphasizing that most countries currently lack regulatory frameworks for the development and deployment of frontier AI. He also flagged vulnerabilities in sovereign debt markets, the growing trend of leverage in equity markets, and the overvaluation of AI-related assets, urging governments to accelerate the refinement of relevant safety mechanisms.
According to Chaoxiang Research, Goldman Sachs' August 25, 2026 research report indicates that the internet sector rose 9% overall in the second quarter, underperforming the S&P 500's 11% gain. AWS reported year-over-year revenue growth of 37% in Q2, with its operating margin hitting an all-time high of 39%; Google Cloud revenue grew 81% year over year, with the combined backlog of the two cloud providers exceeding $1 trillion. Digital consumption remains broadly resilient, but consumer divergence is intensifying; high-income consumers show no sign of reducing their spending appetite, while low-income consumers are becoming increasingly cautious. Goldman Sachs will host the Communacopia Technology Conference in San Francisco from September 8 to 11, with 40 companies including OpenAI, Google Cloud, SpaceX, and Uber set to attend. Goldman Sachs notes that market patience for AI returns is waning, and whether management can clearly address the "when, how much, and what return" questions regarding AI investments will become the key driver of valuation divergence. Three major themes will dominate the conference discussions: the pace of AI spending and return curves, the resilience of digital consumption, and the balancing act between investment and profitability.
Odaily News Cryptoquant founder and CEO Ki Young Ju stated that the peak of Bitcoin's current bull market cycle may be driven by institutional capital outside the United States and ETF demand. He pointed out that deeper stablecoin liquidity and tokenized asset infrastructure will expand global market participation.Ki Young Ju cited South Korea as an example, noting that the country currently has no spot Bitcoin ETFs, retail investors cannot purchase overseas-listed spot Bitcoin ETFs, and most companies are unable to open trading accounts to buy BTC. South Korea has gradually opened up corporate participation in phases, with the Financial Services Commission (FSC) roadmap covering approximately 3,500 listed companies and qualified professional investors, but financial institutions and other businesses remain excluded.Strategy's Bitcoin bank adoption index evaluated 25 major institutions covering trading, custody, digital asset products, financing, and corporate participation, with an overall adoption rate of 32%. As of August 29, RWA.xyz data shows that the distributed asset value of global tokenized assets is $38.63 billion, up 2.65% from 30 days ago.The Bank for International Settlements (BIS) stated that stablecoins have the potential to enable faster, programmable payments, but current designs may pose financial integrity, liquidity, and monetary risks. Ki Young Ju pointed out that U.S. spot Bitcoin ETFs recorded cumulative net inflows of approximately $57 billion in the first two years since launch, and the next phase will be global institutionalization, with more institutions adopting BTC as a strategic asset, and countries lacking ETFs will also improve relevant investment channels. (Bitcoin.com News)
According to Chaoxiang Research, a Morgan Stanley report dated August 25, 2026, indicates that SpaceX has announced a $100 billion Starbase project in Louisiana, planning five launch complexes totaling 10 launch pads, with construction set to begin in 2027 and the maiden flight scheduled for 2029. SpaceX has currently planned a total of 15 launch pads. Morgan Stanley believes the market has not fully appreciated the scale of Starship; even without including the new base, projected launches through 2040 would only require eight launch pads to sustain operations. Morgan Stanley maintains an Overweight rating with a $300 price target, offering 118% upside from the current $137. Louisiana has provided a substantial incentive package, selected for four key reasons: access to polar orbits, natural gas supply, political hedging, and government incentives. With a payload capacity exceeding five times that of Falcon 9 and full reusability, Morgan Stanley projects launch costs will fall to $500/kg by 2030 and drop below $200/kg by 2035. In Morgan Stanley's sum-of-the-parts valuation, the Enterprise AI segment carries a value of $165. The current stock price implies an extremely low single-digit multiple for this business line, while the orbital AI call option is priced near zero. SpaceX has completed its final Falcon 9 Starlink launch from Florida, with all future Starlink missions transferring entirely to Starship. Each launch's downlink capacity is Falcon
Odaily News: Digital asset investment platform Rockawayx has acquired digital asset hedge fund Relayer Capital, incorporating its directional long/short strategy into its approximately $2 billion investment platform. Relayer Capital founder Austin Barack will continue to oversee the strategy and assume the role of Chief Investment Officer of the newly renamed Rockawayx Liquid Opportunities Fund.Rockawayx CEO Viktor Fischer stated that the fund will invest in highly liquid crypto tokens and digital asset-related equities, with a focus on identifying assets that are mispriced relative to their business fundamentals, market position, or growth prospects. The fund is currently open to new external investors.Rockawayx disclosed that the strategy's estimated net return from the start of 2026 through August 21 stands at approximately 70%, outperforming a weighted portfolio of Bitcoin, Ethereum, and Solana by 86 percentage points. Major contributing positions include Venice AI, Hyperliquid, Grass Network, Pump.fun, and Zcash, with investment themes centered on AI and tokenized real-world asset markets.The acquisition adds a directional liquid strategy to Rockawayx's venture capital and market-neutral businesses. Rockawayx also operates infrastructure and onchain liquidity divisions, noting that these capabilities support its team in identifying blockchain market opportunities across stages—from early-stage funding and token issuance to public market trading. (Bitcoin.com News)
Odaily News Recently, the Pre-IPO derivatives sector has seen rising momentum. Ave.ai continues to launch new trading pairs for stock-crypto contracts. On August 27, Ave.ai listed two popular Pre-IPO contract trading pairs: $ANTH and $SHEIN.It is reported that Anthropic, as the developer of the Claude large language model, is a highly sought-after unlisted company in the global AI sector. As its products continue to gain traction in code generation, intelligent agents, and professional research scenarios, market discussions around its IPO valuation have been intensifying. Meanwhile, cross-border e-commerce company SHEIN's listing plans are also a topic of shared interest in both traditional financial markets and the crypto market.Currently, trading $ANTH and $SHEIN through Ave.ai's contracts section is not restricted by US stock trading hours. Users can engage in leveraged long or short trading 24/7 based on business progress, financing news, and IPO expectations. Both contract pairs are now live on Ave.ai.
According to Chaoxiang Research, a Morgan Stanley report dated August 25 noted that the internet sector declined by an average of 2% last week, with Meta down approximately 7%, Amazon down roughly 2%, and Google virtually flat. Current forward P/E ratios for 2026 stand at 19x for Amazon, 17x for Google, and 17x for Meta, reflecting discounts of 36%, a premium of 36%, and a discount of 24% relative to historical averages, respectively. On an EV/EBITDA basis, Amazon at 11.2x represents a 12% discount to its two-year average, Google at 15.1x implies an 8% premium, and Meta at 8.7x reflects a 30% discount. Morgan Stanley maintains an "Attractive" rating on the internet sector, highlighting that AI capabilities are emerging as a core variable driving valuation divergence. The sector's overall forward EV/EBITDA is 9% below the five-year average, while EV/Sales is 16% above it, underscoring a divergence between revenue and profit multiples. After reclassifying stock-based compensation as a cash expense, the adjusted EV/EBITDA for digital media rises by approximately 36% on average, e-commerce by 30%, and travel and the sharing economy by 44%. Upcoming catalysts include the launch of Google's Gemini 4, stabilization of Amazon Web Services (AWS) growth, progress in Meta's AI ad monetization, and shifts in the interest rate environment.
According to Tide Research, Goldman Sachs' August 26 quick commentary highlighted that NVIDIA reported Q2 revenue of $96.2 billion, beating Goldman's forecast by 3.4% and market consensus by 4.2%; data center revenue reached $89.0 billion, outpacing estimates by 2.9% and consensus by 3.6%; EPS came in at $2.22, surpassing expectations by 4.9% and consensus by 6.1%; and gross margin was 75.0%, in line with projections. The midpoint of Q3 revenue guidance stands at $108.0 billion, reflecting 14% QoQ growth and approximately 90% YoY growth, exceeding the market consensus of $105.4 billion but slightly falling short of Goldman's estimate of $110.7 billion. Gross margin guidance is set at 74.0%, slightly below the anticipated 74.9%. Goldman Sachs retains a Buy rating with a $285 price target, offering 34% upside from current levels, though it expects the stock to trade in a range post-earnings, as market optimism has already been fully absorbed following hyperscalers' capex upgrades. The Q3 gross margin guidance misses market expectations by roughly 90 basis points, mainly due to elevated initial ramp-up costs for the new Blackwell architecture GPUs. Goldman asserts that three key discussion points from the earnings call—the upside potential for the $1 trillion cumulative data center revenue target, the structure of the $500 billion financing facility, and the gross margin trajectory in H2 2026 and 2027—are more critical than the earnings figures themselves. Robust guidance underscores the resilience of AI spending, making digital semiconductors such as Broadcom, AMD, Marvell, ARM, and Intel the most...
Odaily News Crypto exchange Coinbase and digital mortgage company Better Mortgage have announced the full rollout of token-backed conforming mortgages for Coinbase One members, allowing eligible borrowers to use crypto assets as collateral in the home buying process.The product became available to Coinbase One members on August 12. The two companies first announced their partnership in March of this year, with the first mortgage loan under this program designed within the framework of a Fannie Mae-compliant conforming mortgage. According to the announcement, Coinbase One members who qualify for Better's mortgage products can receive a lender credit equal to 1% of the loan amount, up to a maximum of $10,000. This credit can be applied toward mortgage closing costs and is available for standard mortgages, home equity lines of credit (HELOCs), and refinancing products. (The Block)
Odaily News, SEC published the proposed rules for "Regulation Crypto Assets" on August 18, which set two exemptions for specific investment contracts involving crypto assets: allowing startups to raise up to $5 million in a single offering within 4 years, and allowing eligible issuers to raise up to $75 million within any 12-month period, potentially conducting different rounds of offerings in subsequent years. Drew Hinkes, a partner at Winston & Strawn, stated that as long as each round of financing constitutes a separate and independent offering, projects could theoretically raise $75 million every 12 months. Lilya Tessler, head of Sidley's Fintech and Blockchain practice, noted that subsequent offerings are not automatically approved; issuers must resubmit offering statements, undergo SEC staff review, continue to file annual and semi-annual reports, and disclose funds raised through the exemption over the past 12 months to confirm that the fundraising cap has not been exceeded. The proposed rules also limit the participation size of non-accredited investors, whose purchase amount cannot exceed 10% of the higher of their annual income or net worth. Lee Reiners, a financial regulation expert at Duke University, stated that the limited initial offering amount may make early token allocations more attractive, but the rules are unlikely to recreate the ICO boom of 2017. Up to 90% of projects that raised funds through ICOs between 2017 and 2019 ultimately failed. The SEC estimates that approximately 130 offerings per year will use the two exemptions, and about 475 issuers may use the broader investment contract safe harbor. The proposed rules will provide token issuers with a clearer path for U.S. fundraising compared to the current framework, but secondary market trading may still involve a gray area regarding securities attributes. The proposal stipulates that investment contracts related to crypto assets may continue to transfer with the tokens in secondary market transactions until the asset is separated from the issuer's representations or commitments. Drew Hinkes stated that if a non-security token is transferred along with an investment contract from seller to buyer, the transaction could still be deemed a securities transaction, potentially affecting trading platforms. Lee Reiners also noted that some issuers might satisfy the formal requirements of the exemptions while still influencing token value through team management efforts, concentrated insider holdings, and aggressive promotion.
According to Odaily, the Iranian rial hit a record low this week, with the open market exchange rate falling to approximately 2.02 million rials per US dollar on August 24, compared to around 1.53 million rials in the first quarter. During the same period, the US government launched "Operation Economic Exodus," adding more than 60 entities to the Treasury Department's blacklist and, for the first time, designating digital assets as a sanctionable category.State-controlled farms linked to Iran's Islamic Revolutionary Guard Corps (IRGC) control approximately 65% of Iran's Bitcoin mining capacity. Iranian miners have accounted for roughly 3% to 7% of global Bitcoin hashrate since 2019, with the mined Bitcoin valued at an estimated $1.35 billion to $3.15 billion at various stages.Iran legalized Bitcoin mining in 2019, allowing licensed operators to use industrial electricity at approximately $0.004 per kilowatt-hour and sell the mined tokens to the Central Bank of Iran. Chainalysis estimates that IRGC-affiliated wallets received over $3 billion in Q4 2025; Elliptic states that the Central Bank of Iran holds at least $507 million in USDT.The US Treasury sanctioned Nobitex, Wallex, Bitpin, and Ramzinex in June. Nobitex had processed more than half of Iran's digital asset inflows; in April, the US Treasury seized nearly $500 million in Iran-linked crypto assets. (Bitcoin.com News)
According to Chaoxiang Research, a Morgan Stanley report dated August 24 indicates that the total disclosed off-balance-sheet commitments from hyperscalers, NVIDIA, and Broadcom have surpassed $3.1 trillion. Lease commitments total $1.1 trillion and procurement commitments $1.7 trillion, while the combined on-balance-sheet debt and lease liabilities of hyperscalers reach $770 billion. Amazon and Google's free cash flow turned negative in Q2 2026, with Meta expected to follow suit next quarter. Financing instruments are restructuring the AI compute capital structure across six dimensions: off-balance-sheet lease and procurement commitments form the first financing layer; the share of debt issuance rises from 2% in 2025 to 19% in 2026; Google frees up $110 billion by reducing share buybacks and issuing equity; Oracle records $4.6 billion in customer advance payments in Q2; and Broadcom and NVIDIA launch chip-leasing SPVs to support unrated AI labs. Morgan Stanley notes that when the financing structure itself becomes a core variable in the AI supply chain, tracking changes in off-balance-sheet commitments and accounting judgments is nearing the importance of tracking chip shipments themselves.
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
According to Chaoxiang Research, Goldman Sachs' research report dated August 24, 2026, indicates that cryptocurrency trading volume fell 30% in July and 21% in August, declining for 10 consecutive months, a duration that exceeded the median of the previous five cycles. Trading volume in this cycle has dropped 75% from its peak, while cryptocurrency market capitalization rebounded 21% over the past week. Goldman Sachs suggests a turning point in trading volume may emerge if market cap remains at current levels. On the regulatory front, 35% of institutional investors cite regulatory uncertainty as the biggest hurdle, while 32% identify regulatory clarity as the primary catalyst. The SEC recently proposed an innovation exemption framework. In 2026, over 10 additional digital asset companies received bank charters from the OCC, and more than 15 crypto firms have already been incorporated into the federal banking system. Crypto companies reduced expenses by an average of approximately 5% in 2026, lifting operating margins by roughly 5.8 percentage points. Goldman Sachs remains cautiously optimistic for the second half of the year, with sector valuations currently positioned at the 30th percentile over a five-year period. Key recommendations include COIN (target price $196), HOOD ($124), IBKR ($114, featured on Goldman Sachs' Conviction List US), and FIGR ($43). The investment logic diverges across the three sectors: traditional brokerages are poised for a September reversal, prediction markets are driven by the election cycle, and crypto equities benefit from a triple catalyst of market cap recovery, cost reductions, and regulatory reform.
According to an official Binance announcement, Binance Futures will list U-margined perpetual contracts for SKUUUSDT, SKDDUSDT, RAMUSDT, DJTUSDT, and MRNAUSDT in batches on August 25 between 17:00 and 17:20 (UTC+8), with underlying assets including the SK Hynix Leveraged ETF, DRAM-themed ETF, Trump Media & Technology Group (DJT), and Moderna (MRNA) — traditional financial assets. All the aforementioned contracts settle in USDT, support 24/7 trading, multi-asset mode, and leverage of up to 20x. Funding rates are settled every 8 hours, with upper and lower limits set at +2% and -2%, respectively.
According to Chaoxiang Research, Goldman Sachs's August 23 research report notes that Samsung Electronics announced a projected shareholder return pool for 2026 ranging from KRW 90 trillion to KRW 110 trillion (median approximately KRW 100 trillion), which is lower than the KRW 150 trillion market expectation previously reported by the media. Goldman Sachs maintains its Buy rating with a common stock price target of KRW 490,000, implying a 74% upside from the current share price. The company plans to distribute cash dividends of approximately KRW 30 trillion in the third quarter, with the remainder to be implemented following confirmation in the January 2027 financial results. Goldman Sachs calculates that Samsung's cumulative free cash flow (FCF) from 2024 to 2026 will be approximately KRW 270 trillion. Based on a 50% payout ratio, the 2026 return will be about KRW 106 trillion, falling at the upper end of the guidance range. Goldman Sachs projects that the return pools for 2027 and 2028 will increase to KRW 179 trillion and KRW 232 trillion, respectively, while raising its 2026, 2027, and 2028 EPS forecasts by 1%, 7%, and 11%. At its current share price, Samsung trades at an expected 2027 price-to-book (P/B) ratio of 1.7x and a 2028 P/B ratio of 1.2x, with corresponding ROE reaching 40% to 50%. Goldman Sachs considers the risk-reward ratio to be attractive.
According to Trend Research, Goldman Sachs' August 21, 2026 research report notes that the MSCI Asia Pacific ex Japan Index (MXAPJ) posted Q2 net profit growth of 135% year-over-year and 52% quarter-over-quarter, with 46% of companies beating expectations and a median surprise of 4.3%. The information technology sector led the gains, with earnings up 390% YoY. The current MXAPJ forward P/E ratio stands at 11x, two standard deviations below its 10-year average, placing it in a deeply discounted range. Goldman Sachs has set a 12-month target price of 1,080 points, implying a 21% upside from the current level of 891 points, with an expected total return including dividends of approximately 24%. Goldman Sachs believes earnings resilience will drive valuation repair, recommending overweight positions in capital goods, healthcare, energy, tech hardware and semiconductors, and insurance, while suggesting underweights in autos, software & services, internet, utilities, and metals & mining. Key trading recommendations include going long on portfolios that outperform earnings revisions (launched in July 2021, with a cumulative return of 334%) and going long on AI infrastructure hardware and semiconductors (launched in June 2023, with a cumulative return of 63%). MSCI will adjust its index benchmarks on August 31, triggering approximately $42 billion in two-way capital flows across Asian markets, which could amplify volatility toward the end of the month. Downside risks to monitor include rising long-end US Treasury yields, escalating geopolitical tensions, and the pace of China’s economic recovery.