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The short-term leverage bubble burst, geopolitical game disturbances, and valuation adjustments—these are all regular growing pains in the technology industry's growth cycle, unable to stop the wave of industrial transformation driven by artificial intelligence.

NVIDIA-related trades have raised market concerns, leading to a sharp decline in the Japanese and South Korean stock markets on Tuesday, with the semiconductor sector leading the drop, and SK Hynix experiencing a plunge of 30% at one point. As tech giants prepare to release their earnings reports, investors are beginning to question whether the massive investments in AI can continue to translate into returns.

Focusing on projects listed in Korean won, visualize investment, lead investment, current and previous affiliations, and explore the complex cryptocurrency investment network through search, filtering, and secondary connection functions.

Nomura initiates coverage on Changxin Storage, with a target price of 116 yuan implying a 1239% increase, based on an EPS of 5.8 yuan in 2028 × 20 times PE, but the assumption of a 90% gross margin extrapolating the cyclical peak as normal is highly controversial.

A lawsuit has brought Tether's "good friend" to light.

Yield fingerprints and collateral fingerprints are more important than the headline number of the total supply of stablecoins.

Circle is a company that is difficult to explain using a single comparable company.

We are entering a new era of DeFi.

Stripe is in talks to acquire the AI model aggregation platform OpenRouter for nearly $10 billion, which is nearly 7 times its valuation from two months ago.

Bank of America believes that the biggest highlight of the second quarter earnings report is that Google Cloud revenue increased by 82% year-on-year, far exceeding expectations, with cloud business backlog hitting a record high, and AI investments are accelerating revenue realization. Although the significant increase in capital expenditures has put pressure on the stock price, Bank of America maintains a "buy" rating, believing that the long-term logic remains unchanged.