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Goldman Sachs continues to predict that gold prices will reach $4,900 per ounce by the end of 2026, and believes there are net upside risks. Goldman Sachs pointed out that if demand from central banks remains strong and ETF investor inflows recover, gold prices could far exceed the forecast. Additionally, if expectations for Federal Reserve interest rate hikes increase, it could lead to a sharp correction in gold prices.

Zach Pandl, the research director at Grayscale, pointed out that Zcash, as a Bitcoin-like digital currency with privacy features, currently has lucrative mining profits. Although Bitcoin network miners earn about $35 million daily, far exceeding Zcash's approximately $2 million, the daily revenue per mining machine for Zcash is about twice that of Bitcoin, with revenue per megawatt-hour approximately four times that of Bitcoin, even surpassing some AI/high-performance computing cloud services.Driven by the strong performance of token prices, Zcash's overall mining activity has increased more than 2.5 times this year, forming a virtuous cycle of "price increase --- mining increase --- network security enhancement --- supporting price." Pandl believes that at the current valuation, Zcash mining remains attractive and continues to strengthen its network security.

According to CoinDesk, Bitcoin formed a golden cross earlier this week (the 50-day moving average crossing above the 200-day moving average), but subsequently did not experience a sustained increase, instead retreating from around $80,000 to about $77,000. It is noteworthy that most of the recent rise occurred before the golden cross—Bitcoin had previously risen from $62,000 to $82,000.The article points out that similar situations have historically repeated multiple times: after the golden cross in 2021, BTC fell from $52,000 to $40,000; after the golden cross in February 2023, it retreated from $23,000 to $20,000; after the golden cross in October 2024, it slid from $70,000 to $67,000; and after the golden cross in May 2025, it corrected from $110,000 to $100,000. Analysts believe that while the golden cross is seen as a long-term bullish signal, it may essentially be a lagging indicator, as a significant portion of the gains often have already been realized by the time the signal appears.

According to Gate market data, Hong Kong stocks opened lower today and continued to decline, with the Hang Seng Index closing down 0.85% in the morning session, and the Tech Index down 0.79%. The total market turnover was 118.83 billion Hong Kong dollars. Non-ferrous metals and storage concept stocks saw significant corrections, while oil and gas, as well as optical communication stocks, led the gains. In terms of individual stocks, Orient Overseas International rose by 2.4%, while Zhidatech fell by over 28.5%.

According to GMGN data, the top 5 tokens with net inflow from KOL in the past 24 hours are as follows:BTC (E4Ap....jHx): Net inflow of $20,000, with a 24-hour increase of 154.1%, currently priced at $0.0227.MONEROCHAN (39Hq....Jvy): Net inflow of $20,000, with a 24-hour increase of 30.3%, currently priced at $0.0034.STONK (6GmA....Ngx): Net inflow of $20,000, with a 24-hour increase of 36.5%, currently priced at $0.2568.wXMR (WXMR....eJp): Net inflow of $10,000, with a 24-hour increase of 1.3%, currently priced at $512.4987.AAPLx (XsbE....zJp): Net inflow of $10,000, with a 24-hour increase of 2.5%, currently priced at $326.9054.

Vitalik posted on the X platform, expressing the hope to include the recursive STARK memory pool proposal EIP-8288 in the Ethereum I-star upgrade, stating that it can be seen as the next step after Frames.This proposal allows quantum-safe signature data to be placed off-chain, reducing the cost of signatures; the fuel cost for quantum-safe privacy transactions is also expected to drop from about 10 million to tens of thousands. The proposal relies on frames and recursive STARK aggregated transaction dependencies, with nodes sending a STARK of about 100 to 300KB each time period; the on-chain overhead is one STARK and 96 bytes for each statement to be proven.

Jack Yi stated that Bitcoin has risen for five consecutive days since the upward trend began on August 17, and entered a correction phase on August 22, with a correction period of about 19 days. He believes that this phase is a normal upward adjustment in the bullish process, with a range width of about $6,000, and the upper resistance level around 823.He pointed out that a bull market does not rise in a straight line, and market conditions are constantly changing. It is not advisable to short during a bullish trend, while attention should be paid to daily level adjustments. In addition to the overall market, there have been signs of a local bull market recently in RH on-chain, ZEC, and trading tokens, with market conditions approaching the strong bull market before 2020.

Anthropic researcher Jacob Coxon announced his resignation and is preparing to leave the AI industry. He has conducted pre-training research at OpenAI and Anthropic over the past three years. He pointed out that neither company has responsibly advanced AI and are competing to create superintelligence that can continue to enhance its own capabilities, "betting our lives on it."He switched from OpenAI to Anthropic this year because the latter places more emphasis on model safety. Coxon acknowledged that Anthropic's safety work is serious, but believes that as long as companies are racing to be the first to create AGI (artificial general intelligence that surpasses humans in a wide range of tasks), safety compromises are unavoidable, and self-discipline from a single company cannot solve the problem. His assessment of the two companies is: many people inside OpenAI still do not truly realize how great this risk is; Anthropic knows the risks but believes others are unreliable, so they must create it themselves first.Coxon stated that some AI practitioners are much more pessimistic privately than they express publicly, and are even worried that AI could destroy humanity before the end of this decade. He personally judges that in the most radical scenario, AI could go out of control by the end of next year, so such decisions should not be made solely by the engineers of a few companies.

The world's largest smartphone processor manufacturer Qualcomm announced that it has signed an agreement with Amazon to develop the latter as a data center chip customer. This collaboration will span "multiple generations" of products, and both parties will develop custom silicon chips to support Amazon Web Services (AWS) artificial intelligence infrastructure.According to the agreement, Amazon has the right to acquire up to $4 billion in Qualcomm shares. The two sides will also collaborate on developing chips for running AI services, as well as chips for connecting computer components.

The Ethereum Foundation stated on the X platform that the Trezor hardware wallet now supports the "Clear Signing" feature through the ERC-7730 standard, making transactions more readable and understandable on the hardware device.This progress is the result of the Clear Signing working group promoted under the foundation's "Trillion Dollar Security Initiative," aimed at reducing the risk of users suffering asset losses due to "blind signing" of unclear transactions and encouraging more wallets and decentralized applications to participate.

The founder of Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has just dropped, and the Coinbase Bitcoin premium remains negative, continuing to incur significant losses. It is expected that tomorrow's spot ETF (i.e., the US stock market trading day) will see capital outflows.ETF data is lagging; trading based on ETF data is akin to driving while looking in the rearview mirror. Although it is inconvenient, the inflow and outflow of ETF funds are very important, so we can only keep an eye on it.

Circle announced that it has signed a final agreement to acquire Tazapay, a B2B cross-border payment infrastructure company headquartered in Singapore. The transaction is expected to be completed in 2027, subject to customary closing conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.Tazapay has an annualized payment volume of over $25 billion, more than 60 banking and fintech partners, and local payment channels covering over 100 markets. Approximately 60% of Tazapay's transaction volume includes stablecoins.

CryptoQuant analyst Darkfost stated that the supply ratio of long-term Bitcoin holders has significantly increased during this pullback, with many traders buying and holding for over 6 months during the dip.This is a common global behavior during bear markets or significant pullbacks, where long-term holders have much lower Bitcoin liquidity, helping to form a solid bottom support. This is a positive signal on a long-term level, slowly accumulating.

According to the Phoenix Veritas Foundation, the cultural token themed around Hunter Biden's laptop, LAPTOP, has been issued on the Base chain, with a total supply of 1 billion tokens. The initial circulation at TGE is 350 million tokens (35%). In terms of token distribution, the founders (including Hunter Biden) and the prediction mechanism each account for 30%, community airdrops account for 20%, liquidity and the foundation treasury each account for 10%, and charitable distribution accounts for 5%. The founders' tokens have a 6-month lock-up period and a 24-month linear unlock.LAPTOP has no utility and is positioned as a purely cultural digital collectible, with its value entirely driven by community sentiment. The token contract has been audited for security by Hacken in April 2026, with no major vulnerabilities. Regarding market makers, the foundation has signed lending agreements for a total of 20.5 million tokens with G20 and GSR.

Blockchain security company Hacken released an assessment report indicating that approximately half of the circulating USDT (about $91.3 billion on the Tron network) is controlled by a 2-of-3 multi-signature contract, which lacks built-in delays, cancellation processes, or reliable revocation mechanisms. Attackers only need to compromise two signature keys to change contract ownership, mint tokens, freeze addresses, clear frozen balances, or set transfer fees without accessing any user wallets. Hacken also discovered that Tether reuses the same set of six signature keys across three chains: Ethereum, Avalanche, and Celo, posing a risk of cross-chain spread.Meanwhile, stablecoin rating agency Bluechip upgraded Tether's company rating from D to C, citing that KPMG's audit showed Tether's reserves exceeded liabilities by $6.8 billion as of December 31, 2025. This is the first time Bluechip has adopted the expanded SMIDGE methodology, which incorporates Hacken's technical risk analysis. However, Hacken only gave USDT a cybersecurity score of 3.3 out of 10 and pointed out that the USDT smart contract does not have automatic reserve proof checks or a token minting cap. Once signers authorize a transaction, the contract can mint an unlimited number of tokens without a bank reserve proof.Hacken stated that it has not yet completed an equivalent assessment of Circle's USDC, and Bluechip's previous B+ rating for USDC was based on an old methodology, which cannot be directly used for technical comparison.

According to statistics from The Information, Anthropic has signed at least 14.8GW of computing power in the past 11 months, which can be gradually utilized in the coming years. Based on currently public contracts, the potential total cost could reach up to $517 billion, with most expenditures occurring over the next decade. In addition to the 1-2GW already secured before October last year, the total computing power signed by Anthropic is approximately 16GW.This round of expansion is primarily driven by the demand for Claude. This year, the growth of Claude Code and Cowork has exceeded Anthropic's expectations, prompting the company to focus on acquiring computing power. The new agreement with Amazon provides up to 5GW, while Google and Broadcom offer another 5GW, and Microsoft and NVIDIA provide approximately 1GW. Anthropic has also rented all computing power from SpaceX's Colossus 1, acquiring over 220,000 NVIDIA GPUs, including H100, H200, and GB200.Anthropic has secured about 16GW, with many contracts extending beyond 2030. OpenAI has set a target for investors to reach 30GW by 2030, expecting to invest approximately $750 billion in computing power by that year. The $517 billion figure is the potential maximum cost estimated by The Information based on existing cloud services, chip, and data center contracts, with some computing power potentially being delayed or unused, and some contracts allowing for early cancellation.

Vitalik recently updated EIP-8141 "Frame Transaction" proposal, with core improvements including atomic batch execution of up to 64 operations, social recovery (similar to Google account recovery, without the need for a mnemonic phrase), P256 quantum-resistant signatures, and the ability for anyone to pay gas fees for users, significantly enhancing the usability of Ethereum wallets.It is reported that the improvement proposal was co-authored by Vitalik, lightclient, and 10 other experts, and is planned to be included in the 2027 Hegotá upgrade, marking a significant native implementation of Ethereum account abstraction.

Cryptocurrency analyst Willy Woo stated that Bitcoin is significantly decoupling from the U.S. stock market, with the last occurrence of such a degree of decoupling happening in 2015, which was the prelude to the Bitcoin bull market in 2017.In 2014, the stock market was still in a bull market, while BTC experienced a bear market unrelated to stock market trends. From 2015 to 2016, the stock market fluctuated weakly for two consecutive years, while BTC entered a bull market; then in 2017, when the stock market also turned bullish, BTC further surged. Willy Woo believes that the current market pattern is similar to that time: BTC liquidity continues to strengthen, while the stock market is beginning to show signs of weakness.

CryptoQuant analyst Darkfost posted on platform X, pointing out that the profit ratio of short-term Bitcoin holders (STH SOPR) has recently shown noteworthy changes. This indicator measures the profit realization of short-term holders who have held for less than 6 months, and it has now risen above 1, reaching approximately 1.01, marking the first time in over a year that it has entered the profit zone.Darkfost noted that during the last bear market, short-term Bitcoin holders remained in an average loss state for about a year, while the current level is significantly higher than the brief reaction in May of this year, indicating that the optimism among short-term holders is improving. A healthy market should not avoid profit-taking but rather needs to realize profits continuously and moderately, especially for short-term holders, who are the most active and sensitive group in the market. If the 30-day moving average of STH SOPR can maintain its position in the current area, it will be a very positive signal, as historically, every bull market has been accompanied by continuous profit realization from short-term holders.