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Share link:In this post: Trump’s 15% revenue deal with Nvidia and AMD lets U.S. AI chips flow to China, affecting global semiconductor trade. The agreement keeps American chipmakers in the Chinese market while pressuring rivals like Huawei. China faces a trade-off between security concerns and its need for U.S. chips to advance AI capabilities.
Share link:In this post: • Crypto miners use 50 MWh of power intended for other consumers. • Inflicted losses exceed $16 million, Kazakhstan’s financial watchdog estimates. • Kazakhstan is yet to solve problems with electricity shortages caused by mining boom.
Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
- 20:53Ethereum Foundation launches first phase of "Trillion-Dollar Security" initiative, focusing on user experience and wallet standardsAccording to Jinse Finance, after the Ethereum Foundation proposed the "Trillion Dollar Security" initiative in May this year, it announced the first round of implementation measures this week, focusing on enhancing user experience (UX) security, with particular attention to wallet security and the issue of blind signing. The Foundation stated that wallets are the starting point for Ethereum user security; if users cannot securely manage their private keys or sign transactions, it is difficult to ensure the safety of on-chain assets. Going forward, the Foundation will promote the establishment of minimum security standards for wallets and explore ways to make them more accessible for non-technical users. In addition, the Foundation will research converting transaction code into human-readable descriptions to reduce the risks associated with blind signing. The initiative is jointly led by Protocol Security Lead Fredrik Svantes and management team member Josh Stark. More priority projects in various security domains will be rolled out in phases, with the goal of enabling Ethereum to support "billions of users and trillions of dollars in on-chain capital."
- 19:22Fed Minutes Lean Hawkish as Powell’s Speech Set to Reveal Rate Cut OutlookAccording to ChainCatcher, citing Jintou, Capital Economics analyst Paul Ashworth pointed out that the minutes of the Federal Reserve's July meeting show that, apart from two members who voted against by favoring a rate cut in July, most officials generally agreed to keep rates unchanged. This sends a slightly hawkish signal for the September meeting. However, since the minutes predate the disappointing July jobs report, it is difficult to glean clues about the future from them. Powell's speech at Jackson Hole this week will provide deeper insight into whether a rate cut in September is already a foregone conclusion.
- 18:58Fed Mouthpiece: July Meeting Shows Overall Hawkish Sentiment, More Officials Open to September Rate CutAccording to ChainCatcher, as reported by Federal Reserve insider Nick Timiraos, the Fed's meeting minutes typically do not reveal much new information, but they reinforce what is already public: First, based on Powell's press conference, the overall sentiment of the committee at the July meeting was hawkish (at least compared to market expectations); second, the reliance on data and forecasts has become evident, as more officials have shown openness to a rate cut in September following the release of the August 1 employment report.