accelerate

According to Taiwan's "Commercial Times" report on September 14, as the computing power of GPUs and ASICs continues to rise, traditional copper interconnects are gradually approaching the limits of power consumption and signal transmission. TSMC is accelerating its layout for co-packaged optics (CPO). The industry is optimistic that if CPO bandwidth continues to double every two years, it may form the "CPO Moore's Law" of the AI era. Industry analysis indicates that the upgrade of CPO bandwidth mainly has three paths: including increasing single-channel speed from 200G to over 400G, expanding the number of optical channels from 16 to 32, 64 or more, and introducing wavelength division multiplexing (WDM). By 2040, the theoretical value could reach about 128 times the current level, with long-term potential for development towards hundreds of T based on the current level of about 3.2T.TSMC's role in optical interconnects has extended from wafer foundry to system integration, gradually integrating computing, HBM memory, and high-speed I/O from 3DFabric, CoWoS, SoIC to silicon photonics and CPO. When high-speed electrical signals exceed 200G, signal attenuation increases after passing through longer copper paths such as ABF substrates, PCBs, and connectors, leading the industry to develop shorter copper paths and longer optical paths. In terms of packaging architecture, the optical engine is currently laid out on the substrate, and the next step is expected to place CPO in the intermediary layer, with future possibilities of using SoIC technology to achieve 3D vertical integration of photonic integrated circuits (PIC) and ASICs. Industry players indicate that CPO still needs to overcome challenges in packaging, optical coupling, and testing before mass production can be achieved.

Microsoft Chairman and CEO Satya Nadella stated that we need to accelerate AI development and expand the benefits brought by AI so that it can widely benefit different countries, communities, and businesses. This requires the establishment of a cutting-edge ecosystem that allows both closed-source and open-source models to thrive.

Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated that BTC has fallen as expected, with $76,500 being a key support level (the lower bound of the ascending channel, as well as the Fibonacci 23.6% retracement from the rise of about $57,000 to $82,000). If it falls below $76,500, the decline may accelerate, and the next focus will be whether the previous low of $75,500 can hold.He previously mentioned two possible scenarios: a) a rebound before reaching $75,000, which would make it more likely to rise back to $80,000, or even up to the high resistance area of $83,000 to $84,000, before starting a major correction; b) if it effectively breaks below $75,000, it will trigger a correction corresponding to the original rise from $64,000, expected to reach $70,000 to $72,000, before entering the next phase of a bull market. Jiang Zhuoer believes that the voting on the "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) next week and news from the Federal Reserve may become key catalysts, thus maintaining a neutral position of full BTC short positions + full ETH spot positions.

According to a report by Decrypt, a new report released by the Bank for International Settlements shows that advanced AI technology has shortened the time window for banks to fix vulnerabilities before attackers exploit software flaws. It warns that periodic security assessments and scheduled patch updates have increasingly become insufficient to meet the challenges, with the time window from vulnerability discovery to exploitation reduced from weeks to minutes.The report focuses on the banks' response capabilities, arguing that financial institutions must accelerate the speed of software fixes and expedite the related authorization decision-making processes.

According to CoinDesk, the U.S. Department of Commerce has allocated up to $100 million each to three quantum computing companies: Rigetti, D-Wave, and Quantinuum, totaling up to $300 million, to expand hardware, manufacturing, and error correction systems, while simultaneously acquiring minority stakes in the three companies.Meanwhile, Bitcoin and Ethereum developers are accelerating the advancement of post-quantum cryptography upgrade plans. The Ethereum Foundation has set December 2029 as the deadline for the base layer quantum resistance upgrade, covering the execution layer, consensus layer, and data layer; although there is no unified timeline for Bitcoin, proposals BIP-360 (post-quantum output types) and BIP-361 (phasing out ECDSA and Schnorr signatures) have been accelerated, with researchers also viewing 2029 as a critical window for completing a trustworthy migration path.

Coinbase announced that it has collaborated with Stanford University cryptography professor Dan Boneh and Localhost Research to hold a closed-door "Post-Quantum Bitcoin Workshop" at Stanford University, gathering Bitcoin developers, cryptography experts, researchers, institutional custodians, and hardware wallet specialists to discuss the technologies and migration plans for Bitcoin to address future quantum computing threats.The workshop focused on assessing the progress of quantum computing, post-quantum cryptography, and various post-quantum signature schemes applicable to Bitcoin, as well as discussing Ethereum's anti-quantum planning, the practical requirements faced by institutional custody businesses, and how to introduce post-quantum security mechanisms for Bitcoin through new output types. Participants believed that rather than predicting when quantum computing will pose a real threat to existing cryptographic systems, it is more important to establish well-tested response plans in advance.Quantum computing does not currently pose an urgent crisis, but the earlier research and coordination begin, the better we can avoid hasty network upgrades and asset migrations under pressure in the future. However, there is currently no consensus on a single post-quantum solution. Different solutions involve trade-offs in terms of security, transaction data size, hardware performance, key management, and the difficulty of user migration. Participants felt that Bitcoin's anti-quantum measures cannot rely solely on protocol layer upgrades, but must also consider how individual users, institutional custodians, wallets, and hardware devices generate, store, back up, and migrate keys and assets.

According to the Chosun Ilbo report on September 7, SK Hynix is accelerating the increase of the production share of 10-nanometer sixth-generation (1c) DRAM. Industry data shows that its 1c DRAM share rose from about 10% in the first quarter of this year to about 13% in the second quarter, and is expected to reach about 24% in the third quarter and about 34% in the fourth quarter; it may rise to about 35% in the first quarter of next year, surpassing 1b (about 33%) for the first time and becoming the main process. The share of 1b (10-nanometer fifth-generation) DRAM peaked at about 43% in the second quarter of this year and has since begun to decline.By the end of the second quarter, Samsung Electronics had a 1c share of about 16% and Micron about 19%, both higher than SK Hynix's approximately 13%. Reports indicate that SK Hynix is accelerating the transition in the second half of the year, and in the fourth quarter, it may exceed Samsung Electronics' approximately 31% with about 34%. SK Hynix stated in its second-quarter earnings call that the supply of DRAM using the 1c process will substantially begin from the second quarter, and in the second half of the year, with the ramp-up of HBM4 and increased shipments of 1c general DRAM, the bit growth rate will be higher than in the first half.Samsung Electronics will use 1c DRAM starting with HBM4, with a running speed of about 11.7Gbps; SK Hynix previously prioritized ensuring mass production stability with verified 1b DRAM and advanced MR-MUF packaging, and will use 1c DRAM for the first time as the core chip for HBM starting with the next generation HBM4E. Counterpoint Research and others estimate that this year, the market share of HBM4 under the combined metrics of Nvidia, Google, and AMD is approximately 50% for SK Hynix in the mid-range, 20% for Samsung Electronics in the later range, and 10% for Micron in the later range.

The rebound in the cryptocurrency market has prompted companies to increase their allocation of crypto assets. As the price of Bitcoin rises, Bitcoin mining companies that had actively shifted towards AI businesses have once again become high-beta targets in the BTC market, and the strategy of directly holding Bitcoin on corporate balance sheets has regained market attention. Data shows that Bitcoin rose by about 23% by the end of August, with some mining companies' stock prices increasing by 41% to 67%, outperforming several AI infrastructure companies. The market believes that the U.S. Treasury's expansion of bond repurchases, the White House's positive signals on crypto regulation, and the liquidation of over $1.6 billion in short positions have collectively driven the rise of related assets.In terms of corporate accumulation, Strive purchased 1,800 BTC in the last week of August, costing about $143 million, increasing its total holdings to 23,156 BTC, making it the fifth largest publicly traded company holder of Bitcoin; Strategy simultaneously increased its holdings by 4,603 BTC, with total holdings exceeding 845,000 BTC. Meanwhile, 21 large financial institutions, including Bank of America, Goldman Sachs, and Citigroup, plan to establish a new company and intend to launch a U.S. dollar stablecoin in the first half of 2027, subsequently expanding to other G7 currencies for cross-border payments and digital asset settlements.Regarding Ethereum, Bitmine has continuously increased its ETH holdings for 65 weeks, with the latest holdings exceeding 5.9 million ETH, accounting for 4.9% of Ethereum's circulating supply of about 120.7 million ETH, just one step away from its 5% holding target. Despite the continuous accumulation, the company's current ETH holdings still face an unrealized loss of about $5.1 billion.

B.AI platform's daily token throughput has strongly broken through 1.11 trillion, officially entering the 1T+ super computing scheduling new era. Since the launch of the free event on August 17, the platform's daily throughput has increased by approximately 242 times, with a cumulative throughput of 6.86 trillion over 14 days and over 196,000 new API users.A series of record-breaking data confirms the underlying logic of B.AI's growth driven by "free openness + aggregation of top models"—by integrating domestic top models such as DeepSeek, GLM, and Qwen, it significantly lowers the entry barriers for AI applications, allowing real development needs to be fully released. As more and more developers choose to build AI applications here, the value and capacity of B.AI as a computing scheduling platform are continuously being validated and amplified.In the future, B.AI will continue to lower barriers and co-build a more efficient and open new era of AI computing power with global ecological partners.

Solana validators have voted to approve the "Dual Deflation" proposal numbered SGP-0002, increasing the network's annual deflation rate from 15% to 30%, while maintaining a long-term inflation target of 1.5%. According to the final voting results, the proposal received 67% support, 25.16% opposed, and 7.84% abstained, with a participation rate of 60.7%. The new plan is expected to bring SOL to a terminal inflation rate of 1.5% in about 2.8 years, while the original plan would take approximately 5.7 years, with an expected reduction of about 18.9 million SOL issued over the next six years.This vote marks Solana's first binding governance process, which also approved the proposed Solana Constitution while rejecting another proposal regarding resource and inclusion fees. The positions of major participants have diverged: the largest voter, Figment, holding 17.1 million SOL, cast all opposing votes, while Helius and Jupiter overwhelmingly supported it. The U.S. exchange Kraken briefly cast an opposing vote at 12:33 UTC during the voting process, causing the support rate to dip below the threshold, but ultimately over 90% of its approximately 8.9 million SOL voting position turned to support.Meanwhile, Bitwise's Solana ETF has surpassed $1 billion in assets under management, becoming the first Solana ETF to reach this milestone. According to Bloomberg ETF analyst Eric Balchunas, U.S. Solana ETFs have seen a cumulative net inflow of about $1.7 billion since their launch, with almost no sustained outflows.

A Reuters survey shows that most economists believe the Bank of Japan will take action faster than previously expected, and will raise interest rates again in September, with the terminal rate potentially being higher. 57% of economists expect an interest rate hike next month, a significant increase from 5% in July. Ayako Fujita, Chief Economist for Japan at JPMorgan, stated that delaying the rate hike could lead to market turmoil. In addition, more than two-thirds of respondents believe that the recent US-Japan joint foreign exchange intervention has had limited effects.

According to Nikkei Asia, the Japanese government is promoting the creation of a data-sharing platform that leverages artificial intelligence to analyze data shared by manufacturers, aiming to increase the speed of new material development by about 10 times. This plan is led by the Ministry of Economy, Trade and Industry, and aims to accelerate the discovery of new chemical compositions and formulations by aggregating materials-related data from companies using AI.The report states that the Ministry of Economy, Trade and Industry aims to launch this platform as early as the fiscal year 2027. Currently, the practice of using AI to explore new material combinations is gradually becoming common in the materials industry, and Japan hopes to shorten the traditional trial-and-error cycle and improve industrial R&D efficiency by unifying data and computing infrastructure.

NVIDIA officially announced that SpaceXAI will deploy the NVIDIA Vera CPU to accelerate its next-generation agent-based AI applications. Vera is the first CPU specifically built for AI agents, featuring 88 NVIDIA self-developed Olympus cores, utilizing spatial multithreading technology and LPDDR5X high-bandwidth memory, with a bandwidth of up to 1.2TB/s. In scenarios such as agent-based AI, reinforcement learning, and data processing, the task completion speed can be improved by up to 1.8 times compared to x86 CPUs.Mike Nicolls, President of SpaceXAI, stated that the CPU performance and memory bandwidth of Vera are sufficient to support large-scale task orchestration, code execution, and data processing, allowing GPUs to operate at peak efficiency, thus gaining more effective output per watt of computation.SpaceXAI also plans to expand the AI infrastructure behind Grok based on the NVIDIA Vera Rubin platform, moving towards gigawatt-level computing capacity. Vera Rubin integrates NVIDIA accelerated computing, NVLink interconnect, Spectrum-X networking, and BlueField data processing technologies, aiming to reduce the cost per token and improve the overall energy efficiency of AI factories.More notably, SpaceXAI will send an optimized version of the Vera Rubin NVL72 system into space, with its first-generation Starmind AI satellite adopting this rack-level architecture, becoming the first iconic deployment of NVIDIA accelerated computing extending from ground data centers to orbital computing.

As of the evening of August 24, the B.AI platform has officially surpassed 2.1 million registered users, continuing its strong growth momentum after reaching the 2 million milestone.With the continuous expansion of the cutting-edge large model matrix, decreasing costs of computing power, comprehensive upgrades to product interaction experiences and underlying architecture, along with an increasingly完善 AI Agent ecosystem, more and more global developers and users are being attracted to explore and build the next generation of intelligent applications through B.AI with lower barriers and higher efficiency.The trillion-level token daily throughput capacity and the rapidly expanding developer community have become the best footnote for B.AI's robust ability to support scalable production-level workloads, further solidifying its strategic positioning as the financial infrastructure of the AI Agent era. 2.1 million is a new starting point, and B.AI will accelerate the construction of an inclusive future for AGI together with the global community.

According to The Block, South Korea's top financial regulator has stated that it will accelerate discussions on cryptocurrency-related legislation and plans to launch the country's version of the "Basic Law on Digital Assets" this fall.The bill is expected to establish corresponding rules regarding stablecoin issuance, licensing for virtual asset service providers (VASP), Bitcoin ETFs, and other matters.

According to Criptonoticias, Tether CEO Paolo Ardoino stated on August 23 that developing countries such as Venezuela, Argentina, Bolivia, and Turkey are increasingly using USDT, primarily for domestic and cross-border trade, and as a digital dollar and value storage tool in situations of rapid depreciation of local currencies, cash shortages in dollars, or restricted financial systems.Among them, small and medium-sized enterprises in Venezuela use USDT to settle import and export businesses, Bolivia has used it for commercial transactions including fuel procurement, Argentina's street economy and peer-to-peer markets widely use USDT for value preservation and exchange, and residents in Turkey also use USDT to cope with ongoing inflation.

Geoff Kendrick, the Global Head of Digital Asset Research at Standard Chartered Bank, stated that Bitcoin could approach its historical high of $126,000 by the end of the year, with a related recovery potentially accelerating after October 6. He remarked, "For the first time this year, there is a risk that my prediction of $100,000 by the end of the year may be too low."Kendrick pointed out that the recent rise has been primarily driven by short liquidations, but inflows into Bitcoin spot ETFs have also begun to recover. The current open interest is low, which may leave room for more investors to re-enter the market as prices rise.In February of this year, Kendrick had lowered Standard Chartered's Bitcoin year-end target from $150,000 to $100,000 and the Ethereum target from $7,500 to $4,000. At that time, he expected Bitcoin to drop to around $50,000 and Ethereum to around $1,400, before recovering over the remainder of the year.

This week, U.S. cryptocurrency policy has seen intensive progress. The Trump administration has pushed for new advancements in the CLARITY Act, the SEC has proposed a draft of regulatory rules for cryptocurrency assets for the first time, and the CFTC has stated that if congressional legislation stalls, it will promote the establishment of an independent regulatory framework for the cryptocurrency market. Trump met with leaders from several cryptocurrency companies at the White House this week and publicly called on Congress to pass a "fair version" of the CLARITY Act. Representatives from Coinbase, a16z, Ripple, Kraken, and other industry participants attended the meeting, focusing on the bill's impact on U.S. jobs, innovation, and attracting cryptocurrency companies back. Currently, the main obstacles to advancing the bill are concentrated on certain ethical clauses. Trump believes that the relevant provisions may target individuals, but industry insiders are pushing both sides to find a compromise to facilitate bipartisan support.CFTC Chairman Mike Selig stated that the CLARITY Act is key to avoiding regulatory uncertainty. If Congress continues to delay, the CFTC will use its existing authority to formulate regulatory rules for the cryptocurrency asset market. Meanwhile, the U.S. SEC has officially proposed a "Crypto Assets Rule Framework," planning to allow certain cryptocurrency financing to be exempt from full securities registration under specific conditions, including a cumulative financing cap of $5 million over four years or an annual limit of $75 million, and providing conditional safe harbor for certain token projects. Additionally, the SEC is considering limiting certain state securities registration requirements to provide a clearer compliance path for U.S. cryptocurrency companies. Market participants believe that recent actions by U.S. regulators indicate that Washington is shifting from a previous enforcement-based regulatory model to establishing a systematic regulatory framework for cryptocurrency assets.On the other hand, former Signature Bank Chairman Scott Shay has launched the N3XT Digital Dollar (NDD) digital dollar deposit project, attempting to challenge the stablecoin market. NDD operates on a public blockchain, enabling 24/7 dollar transfers, and is backed one-to-one by cash and short-term U.S. Treasury bonds. Shay stated that banks can leverage blockchain technology to create a payment system similar to stablecoins while maintaining the dollar credit advantage of the traditional financial system. The project is seen as a new attempt by banks to respond to the expansion of stablecoins. Additionally, the cryptocurrency investment market is entering a new cycle. Dragonfly partner Rob Hadick stated that although AI is attracting significant capital, cryptocurrency startup activity is still recovering, and future predictions of market, institutional applications, and improvements in U.S. regulation may drive new growth in the industry.