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8/6
04:23
According to independent tech journalist Tim Culpan, Apple and its suppliers are urgently acquiring DRAM memory chips to meet the demand for the upcoming iPhone 18 series. With less than six weeks until the expected launch, Apple's assembly supply chain is accelerating the coordination of DRAM chip supply. Previously, Apple had attempted to negotiate lower DRAM procurement prices with China's CXMT (CXMT) but was rejected, as CXMT insisted on quoting prices no lower than, or even higher than, Samsung Electronics and SK Hynix. This reflects the tightening global DRAM supply as AI data center demand continues to squeeze storage resources, leading to increased bargaining power for memory suppliers and new supply chain challenges for Apple.
04:18
SoftBank Group on Wednesday announced its quarterly results, showing a net profit of 347.3 billion yen (approximately $2.4 billion), an 18% year-on-year decrease. However, this figure significantly exceeded analysts' average expectation of 166 billion yen. The better-than-expected performance was primarily driven by a 1.3 trillion yen (approximately $8.5 billion) investment gain from its Intel holdings, as Intel's stock price surged by 216% in the quarter ending June. Nevertheless, the valuation gain from SoftBank's core bet on OpenAI was relatively limited, and its Vision Fund portfolio also experienced a decline. Uncertainty surrounding OpenAI's IPO and SoftBank's increasing debt pressure continue to pose severe challenges to its AI strategy. To support its total estimated investment of $65 billion in OpenAI, SoftBank has signed a $40 billion bridge loan and a $20 billion margin loan, leading to a significant increase in its leverage ratio.
04:06
Coinbase UK CEO Keith Grose stated that this launch is part of the exchange's broader push to bridge traditional and onchain finance.
03:56
A volunteer team conducted security audits on 390 Bitcoin projects in just over a day. Anonymous developer Calle stated that 16 developers submitted a total of 4,962 findings, including 85 critical vulnerabilities and 635 high-severity issues. These findings were the result of developers using AI models to audit wallets, cryptographic libraries, and infrastructure, with the team averaging one critical vulnerability discovery per person per hour, at an estimated cost of about $10,000 per day. Calle noted that most critical reports have been quickly verified by project owners.
03:45
According to Bloomberg, the power consumption of AI data centers (especially during the model training phase) can surge or plummet dramatically within milliseconds. This severe fluctuation is causing frequent malfunctions or premature obsolescence of critical equipment such as batteries, gas turbines, and internal combustion engines. For example, xAI's Colossus supercomputing facility in Memphis, Tennessee, has already experienced cracks in its gas turbines, and some voltage-stabilizing batteries need replacement within weeks. Sources indicate that the actual operating time of some facilities has dropped to around 80%, far below design expectations. If the problem is not resolved, it will directly impact investors in related projects within the next 12 to 24 months. The North American Electric Reliability Corporation (NERC) has issued a rare Level 3 alert, urging large data centers to immediately address grid stability risks. Companies like NVIDIA and Heron Power Electronics are seeking solutions.
03:44
Ukrainian officials said that Russian overnight attacks on the Kharkiv and Sumy regions killed a total of six people. Meanwhile, the Russian Ministry of Defense stated that its air defense systems intercepted and destroyed 605 Ukrainian drones over its territory and the Crimean Peninsula overnight. In addition, a Russian attack in the Black Sea region damaged a foreign vessel loaded with wheat, killing one crew member and causing a fire.
03:13
Driven by the AI chip boom, South Korean memory chip giants Samsung Electronics and SK Hynix are expected to hold a combined net cash reserve of $263 billion by the end of this year. This figure is more than double NVIDIA's cash reserves and exceeds the total cash of the other six companies in the US "Tech Magnificent Seven" excluding NVIDIA. However, the two companies' vague statements regarding shareholder return plans in recent earnings seasons are angering investors and exacerbating downward pressure on their stock prices. SK Hynix's stock price has fallen by approximately 48% from its historical high, while Samsung's has dropped by about 37%.

Investors point out that the two companies have currently only committed to using 50% of their free cash flow for shareholder returns, far below the 100% committed by their US counterpart, Micron Technology. Retail investor platform ACT launched a campaign this week, demanding that Samsung convene an extraordinary general meeting of shareholders and initiate a stock repurchase plan of approximately $32 billion. Analysts warn that if management continues to be reluctant to commit to larger returns, the market may interpret it as a lack of internal confidence in the sustainability of AI profitability.
03:13
Ukraine has intensified its attacks on Russian shipping, striking hundreds of targets within weeks. This strategy aims to exert new pressure on Russia's control over Crimea.
03:05
JPYC Inc., which issues the yen-pegged stablecoin JPYC, announced the total 6 billion yen ($38 million) raise on Wednesday. The extended round includes a fresh 1 billion yen ($6.3 million) investment from major domestic logistics company AZ-COM Maruwa, which plans to use JPYC to pay fees and salaries to roughly 2,300 business partners and individual contractors. JPYC launched last October as Japan's first registered stablecoin.
02:52
SoftBank Group reported a smaller-than-expected quarterly net profit decline, primarily boosted by gains in its chip holdings. The company is also awaiting further returns from its investment in OpenAI.
02:42
Rajagopal also discussed valuation concerns and potential acquisitions, emphasizing the company's focus on the domestic healthcare market.
02:33
Russia has significantly escalated its attacks on Ukraine's Black Sea ports, particularly Odesa, aiming to sever the country's commercial links. The assaults have caused severe damage to port infrastructure, left ships blackened, and brought shipping to a near standstill. According to Ukraine's port administration, July alone saw 57 Russian attacks on civilian vessels, with 22 at sea, and 67 hits on port infrastructure. A Turkish-owned cargo vessel was struck on July 19, killing nine crew members and a Ukrainian pilot. Lloyd's List reports July as the deadliest month for merchant seamen since the full-scale invasion began, with the Black Sea now considered the world's most dangerous shipping zone. Port operations in Odesa have been severely disrupted, with the port reportedly shutting down for 15 out of 24 hours recently, impacting Ukraine's critical grain exports during the harvest seas
02:15
CoinDesk analysis points out that the S&P 500 index rose 3.12% this month, with its market cap increasing by approximately $2.1 trillion to a record $70.5 trillion, while Bitcoin only rose 2% this month, trading around $64,600. The analysis suggests that Bitcoin's underperformance is due to several factors: the stock market rally is primarily driven by specific stock narratives such as AI and semiconductors, rather than a general macro risk appetite; the crypto market itself faces pressures from incidents like the Coldcard vulnerability, regulatory uncertainty, and continuous Bitcoin sales by Strategy; additionally, rising bond yields have led to stablecoin capital outflows, with USDT supply decreasing from approximately $190 billion to $183 billion, and USDC from $79.5 billion to $72 billion. Some market observers also note that fluctuating Bitcoin ETF demand and traders choosing to wait and see due to the four-year halving cycle theory have also curbed its upward momentum.
02:14
The statement follows the company's decision to cancel a planned share sale in February.
02:05
China's most experienced fund managers who shifted to technology stocks, including chipmakers and optical transceiver manufacturers, have seen their products' net asset values decline last month. This follows their move out of long-held consumer bets in the second quarter, as mainland China-listed technology stocks experienced their biggest monthly drop.

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