Crypto Pulse

On August 24th Eastern Time, NVIDIA closed at $208.48, a decrease of 2.91%. This is the seventh consecutive trading day of decline in its stock price, with a cumulative decline of 7.5%, setting a record for the longest consecutive decline in four years since September 2022. From August 14th to August 24th, the market value evaporated by a total of $407 billion. Just two days later, after the US stock market closed on August 26th, NVIDIA will release its Q2 financial report for fiscal year 2027.

Overview Bitcoin pushed above $80,000 on August 25, reaching its highest level in more than three months. Reuters attributed the move to a soft U.S. dollar following Treasury Secretary Scott Bessent's steps to calm the bond market, which revived what traders call the debasement trade. From roughly $63,000 on August 17, Bitcoin gained more than 20% in a week and is up about 27% over the past month. The question has therefore shifted from why it rallied to something harder: whether this is a bear

Overview On the evening of August 23, Alibaba priced an HK$80 billion placement of newly issued shares, selling 710 million ordinary shares at HK$112.70 apiece for roughly $10.2 billion. According to the pricing announcement filed with the SEC, the placement went to non-U.S. persons outside the United States, is expected to close on August 26, and will direct 100% of net proceeds toward full-stack AI capabilities, including expanding and enhancing AI infrastructure. The market sold first. Reuter

Overview The last of China's four homegrown AI chip contenders finally has a timetable. On the evening of August 24, the Shanghai Stock Exchange published Shanghai Enflame Technology's issuance arrangements and preliminary book-building announcement for its STAR Market listing. According to reporting from JRJ, the company will offer 43,035,173 shares, representing 10% of post-offering share capital, with online and offline subscription set for September 2. For investors who could previously only

Overview Global artificial intelligence memory leader SK Hynix experienced pronounced equity selling across South Korean financial markets, with its share price sliding roughly 4.9% intraday to underperform the broader benchmark KOSPI index, which declined approximately 2.2%. The immediate catalyst behind the sharp market repricing was an unexpected rejection of a tentative collective bargaining agreement by unionized production workers. In a high-turnout electronic ballot comprising 15,045 part

Overview Global robotics pioneer Unitree has experienced a dramatic valuation recalibration across public equity markets following its initial public offering. On its first day of trading, Unitree stock surged more than 460% amid intense retail and institutional momentum, pushing the company's peak market capitalization to an extraordinary high of roughly $66 billion. However, as initial speculative turnover subsided and underlying corporate financial filings were digested by institutional alloc

Overview As the rapid expansion of artificial intelligence infrastructure collides with physical electrical grid constraints, political and community opposition surrounding hyperscale computing facilities is mounting across the United States. Following executive directives issued by the Public Utility Commission of Texas and the Electric Reliability Council of Texas (ERCOT), Texas has formally halted new data center grid interconnection approvals pending a statewide verification and audit to man

Executive SummaryApplied Optoelectronics, Inc. (NASDAQ:AAOI) fell more than 12% in premarket trading Monday after disclosing a $600 million at-the-market equity offering filed after Friday's closeThe stock dropped from a $124.82 close on Friday to roughly $109.68, extending a weekly loss that had already reached about 17%This is the company's third large-scale equity raise of 2026, following a $500 million raise in April and a separate $600 million ATM program in May that together raised about $

Executive SummaryRUM Group Inc. (NASDAQ:RUM) jumped as much as 8% after announcing a $13.7 billion, six-year GPU services agreement with an unnamed U.S.-based cloud customer on August 23, 2026The deal is split into three tranches of roughly $4.6 billion each, with delivery of the final tranche contingent on the customer confirming a proposed delivery dateThe customer also received a warrant term sheet for up to 50,808,408 Class A shares at a $0.01 exercise price, vesting as GPU services are actu

IntroductionFreeport-McMoRan Inc. (NYSE: FCX), the copper, gold, and molybdenum mining giant, just closed at a fresh record high. Shares surged to $76.66, up $5.44, or 7.64%, in a single session, following a Wall Street Journal report titled “Copper Demand Pushes Freeport-McMoRan to Record.” That single-day move capped off an extraordinary run: FCX stock is up 25.84% over the past month and up 81.92% over the past year. For traders and investors following FCX stock, a move this dramatic raises a