SinCity

$JUP dumped approximately 4% after our update.
The move played out quickly as selling pressure kicked in and bears took control.
Momentum stayed weak, pushing JUP lower and delivering a clean downside move.
Those who were tracking the setup saw the reaction unfold right after the update.
Another sharp move captured.
Now all eyes are on JUP to see whether bears can extend the pressure or buyers step in for a recovery.

#MyQixiTradingShare
#我的七夕交易分享
#XAUUSD”
XAUUSD Gold 4,330.93 - Heartbeat of Gold on Qixi Eve
On Qixi eve two stars meet, tonight gold also seeks a meet with its own heart.
Price 4,330.93, -20.17 -0.46% pull back. Today open 4,352.52, high 4,364.19, low 4,311.00, prior close 4,351.10. Time left to close 14h 30m, buy 4,330.88 sell 4,330.78. Market tired but alive.
On 1 hour chart:
MA5: 4,326.14
MA10: 4,335.24
MA30: 4,367.41
Price under MA30, trying to hold above MA5. Top 4,449.76 came with long wick on 08/13 07:00, then sell wave started. Low 4,311.00 written today as fresh low, green bar from there like a light in dark.
MACD(12,26,9):
MACD: -1.42
DIF: -17.00
DEA: -15.57
Histogram in low zone, drive weak. This means short-term tired. DIF and DEA look down, no strong turn sign yet for buyers, but spark of buy will at low.
Supports: 4,311.00 - 4,304.06 - 4,326.14
Walls: 4,335.24 - 4,346.16 - 4,367.41 - 4,388.27 - 4,430.38 - 4,449.76
Fundamental side:
News flow mixed. BTC fell 0.32% in 15 min, CPI cooled news, risk mood mixed. Fed rate hope, US dollar index and bond yield push gold down. Gold, like love caught between safe harbor wish and strong dollar push.
Where is thrill?
Low 4,311 is like first kiss on first meet. Bounce from there shows buyer still here. If hour close holds above 4,330, 4,346 and MA30 4,367 come as goals. Close above 4,367 opens road to 4,388 and top 4,449.
Hour close below 4,311 opens 4,304 and 4,272. Break of that level makes pull back deep.
My Qixi plan, both loving and strict:
No rush. Wait with patience like you wait for love.
Step by step buy, clear stop. Stop below 4,311, hold above.
Low lever, strong heart. Risk 1%, goal 2.5%
No trap by wick, focus on close. No choice before bar close.
Gold, like love, shows its worth in crisis. On Qixi eve, let your plan shine like gold. Those who wait with patience shine at right time.
#股票交易分享挑战
#StockTradingShareChallenge
$XAUUSD ‌

The decline on Friday occurred following a specific development. On Thursday, the Treasury sold $25 billion worth of 30-year bonds. The interest rate was announced as 5.216%.
Bids came in at 2.39 times the offering and were in line with recent sales. Demand was not bad, but the price was not satisfactory#GateLaunchpool141MDOS $BTC

Gate and Alpaca Collaboration: Traditional Finance and Digital Assets Meet on One Platform
Gate, thanks to Alpaca's brokerage infrastructure, offers its users access to over 10,000 US stocks and ETFs. This collaboration stands out as one of the most concrete steps in Gate's strategy to transform from a purely cryptocurrency platform into an integrated financial services ecosystem enabling multi-asset investment.
This expansion of the platform is built on three core product structures:
• Gate Stocks (Traditional Brokerage Service): Users can invest in thousands of stocks and ETFs traded on the NYSE and Nasdaq using USDT. In this product, shares are not registered in the investor's name, and investors are not granted direct shareholder rights such as voting rights. Company transactions such as dividend payments are reflected in the account via USDT. • IPO Access (IPO Participation): Users can request allocation to shares of companies going public in the US. However, there is no guarantee that these requests will be fulfilled; Distribution is based on the popularity of the supply and the demand of major investors, and the final price may differ from the initial range.
gStocks (Tokenized Shares): This product refers to derivative tokens issued on the blockchain that are tied to the price performance of traditional shares. gStocks are backed one-to-one with physical shares, and Alpaca handles the custody of these underlying assets. However, these tokens do not directly imply ownership of company shares; investors are not granted voting rights, and they carry additional risks such as price devaluation or liquidity problems depending on the status of the third party issuing the token. Regarding gStocks dividend payments, inconsistencies have been noted in the platform's statements at different times.
The platform's founder, Dr. Han, explains the aim of this collaboration as bringing together digital assets and traditional finance by offering clients an environment where they can manage their investments more smoothly. Alpaca CEO Yoshi Yokokawa stated that this move demonstrates how their infrastructure can bridge digital and traditional markets across global platforms. This action is seen as part of Gate's strategy to transition to a "one-stop shop" investment model, which caters to its user base of over 5.8 billion users and is becoming increasingly popular.
#GateTop1GrowthInJuly
#StockTradingShareChallenge
#Web3SecurityGuide

Gate Card: Instant Switch Between Spending and Investing
Gate has added significant flexibility to its Visa and Mastercard payment card, Gate Card. Users can now transfer their card balances directly to the platform's spot account. This feature allows funds held on the card to be instantly directed to trading or other financial products.
Details of the New Feature
Users can transfer their card balances to their spot accounts with a minimum transaction fee of $0.01 USD and a 0.9% transaction fee. This process works by converting the card balance to USDT at the current exchange rate and depositing it into the spot account. This new function of the card offers users the flexibility to both spend and invest with a single card.
Existing Advantages Continue
In addition to this new flexibility, Gate Card retains its existing features. The card is usable in over 200 countries and at approximately 150 million merchants. It also offers six different loyalty levels (T0-T5) depending on spending level, with cashback reaching up to 8% at the highest level. With eligible spending, you can receive cashback up to 150 USDT in a single transaction and up to 400 USDT monthly. The card also integrates with Apple Pay and Google Pay. Users can combine this card with Gate's more than 4,900 crypto assets and over 12,500 stock products, providing access to global financial assets through a single platform.
Summary
This development transforms the Gate Card from just a spending tool into a more holistic financial instrument. Users can instantly switch between spending and investing modes based on market conditions or personal needs. This feature offers a practical solution, especially for those looking to capitalize on opportunities in the volatile cryptocurrency market.
#GateCardTripleUpgrade
https://www.gate.com/card
Details 👉 https://www.gate.com/announcements/article/101132

OpenAI's Revenue Exceeds $40 Billion: Pre-IPO Competition Intensifies
OpenAI's annual revenue stream has surpassed $40 billion, more than doubling by the end of 2025. The company has accelerated its growth through increased revenue from AI coding tools, AI agents for businesses, and advertising. In July, OpenAI saw a more than 20% increase in revenue compared to the previous month, with co-founder Greg Brockman highlighting a 32% growth in the enterprise client segment in a memo to employees. However, the fact that approximately 70% of revenue still comes from ChatGPT consumer subscriptions paints a more fragile picture compared to its competitor Anthropic, which has a revenue structure consisting of APIs and enterprise contracts.
Latest Developments in the IPO Race
OpenAI filed a confidentiality application with the US Securities and Exchange Commission (SEC) in June. The company announced this step, stating that they were "waiting for the S-1 leak," and that they had not yet made a final decision on an IPO, indicating that there were certain things they wanted to do as a private company. However, this application gives OpenAI the option of going public quickly when market conditions are favorable. On the other hand, its main competitor, Anthropic, is expected to go public in October with a valuation exceeding $2 trillion. Following SpaceX's record-breaking $1.77 trillion IPO, Anthropic's valuation highlights the scale of interest in AI companies.
Challenges That Come with Growth
While OpenAI's $40 billion revenue stream is impressive, the company is still not profitable. A net loss of approximately $14 billion is projected for 2026. The company is expected to experience a cumulative cash loss of approximately $115 billion by 2029. This massive investment in AI infrastructure poses a significant obstacle to OpenAI's path to profitability. The company needs a significant amount of capital to cover high costs, making an IPO more attractive. As CEO Sam Altman stated, given the company's size and the capital needed to develop the technology, an IPO is seen as "the most likely path."
#OpenAIAnnualRevenueSurpasses40B
👉 DYOR 🔎 NFA ✔️

The Picture That Emerges from Tether’s Four Major Audits: $6.8 Billion in Reserve Surplus and Still Unreleased Report
Tether announced the completion of its long-awaited first independent audit. KPMG USA gave Tether International’s financial statements as of year-end 2025 an “unqualified opinion.” This is considered the cleanest opinion an independent auditor can give. The audit revealed that Tether’s assets exceed its liabilities by $6.814 billion.
The Difference Between Audit and Attestation
This development differs significantly from the “attestation” reports previously published by Tether, prepared by BDO Italia, which provided a snapshot of reserves at a specific point in time. A full financial audit examines far more comprehensive elements, including the source of assets, cash flows, internal controls, and the integrity of the entire financial reporting system. The KPMG audit covered the balance sheet, as well as the income statement, cash flow statement, and statement of changes in equity.
Physical Gold Count and Reserve Details
Tether emphasized that auditors physically counted and inspected each gold bar belonging to the company, rather than relying solely on custodian reports. This is a significant step in verifying reserves. A substantial portion of the audited reserves consisted of precious metals ($17.45 billion), bitcoin ($8.43 billion), and secured loans ($17.04 billion).
Unanswered Questions
However, following this milestone, some questions remain unanswered:
• Unpublished Report: Although Tether announced the positive opinion, it has not yet publicly released the full text of the KPMG audit report or its financial statements. This prevents external analysts from independently reviewing critical details such as the footnotes, accounting policies, and key audit items. • Audit Scope: The entity audited by KPMG was audited according to AICPA standards, rather than the PCAOB standards prevalent in the US. Furthermore, the audit covers only Tether’s main entity, “Tether International, S.A. de C.V.”, which issues USDT within Tether’s complex group structure. While CEO Paolo Ardoino stated that this entity is the issuer of USDT and the audit covers all financials, previous proof reports had excluded assets of affiliates such as Tether Investments Limited from the reserve definition. • Difference in Figures: The $6.8 billion surplus found in the KPMG audit is approximately $476 million higher than the $6.3 billion reported in the BDO proof report dated December 31, 2025. This discrepancy may stem from the two reports being based on different accounting standards (IFRS and US GAAP).
CEO Paolo Ardoino described this achievement as “the largest initial financial audit in history,” arguing that years of skepticism have been disproven. However, when assessing whether the transparency debate is entirely over, it is crucial to remember that the full and transparent public release of an independent audit report will be one of the most critical steps in this process.
#TetherReservesExceedLiabilitiesBy6.8B
DYOR 🔎
$USDT

#GateTop1GrowthInJuly Crypto Exchanges Turning Towards Traditional Finance: What Does the Volume Explosion Mean?
Cryptocurrency exchanges are now becoming the go-to place not only for digital assets, but also for traditional financial products. Recent data reveals just how quickly this transformation is happening. The monthly trading volume of perpetual futures linked to stocks surged from approximately $15 billion in April to nearly $250 billion in July, marking a more than 17-fold increase in just three months. The July portion of this growth was approximately 56% compared to the previous month.
The exchange with the leading volume in the market accounted for approximately $193 billion of this pie, while the most striking growth came from another remarkable platform. The trading volume of this platform in July exploded by approximately 308% compared to the previous month, showing consistent growth every month since May. This jump demonstrates the rewards of investment, particularly in AI and semiconductor-focused stock derivatives.
The main driving force behind this extraordinary growth is the intense interest in the AI and semiconductor sectors. Trading volume is concentrated in leveraged semiconductor ETFs and memory companies like Micron, SK Hynix, and DRAM, while a newly listed aerospace company saw a notable increase in June. The most prominent name in this sector is a storage solutions company. This company stands out as the most traded stock, accounting for approximately 57%, 29%, and 27% of trading volume across different exchanges. This indicates that memory chip investments have become the dominant theme of the market.
Looking at the volume distribution within the growing platform itself, it's clear that a large portion of the approximately $15 billion July volume came from the storage solutions company and SK Hynix. This reveals that the platform's trading mix is highly focused on memory and semiconductor trading, differentiating it from other exchanges.
The introduction of traditional stock derivatives by crypto exchanges provides investors with 24/7 trading access and the advantage of a diversified portfolio on a single platform. The platform's approximately 308% monthly growth demonstrates user adoption of this strategy and its rapid positioning in this competitive landscape. Transactions involving stocks in companies specializing in storage solutions, memory chips, and artificial intelligence reflect investor interest in this area. Whether this trend continues will depend on the volatility of traditional markets and how much more diversified crypto exchanges become in these products.

A New Era of Leadership in Web3 Takes Shape in Bali
Gate is hosting a special event titled "GATE ZONE: iWEB3 – THE LEADERSHIP SHIFT" as part of this year's CoinfestAsia 2026. Taking place on August 21st at Summer Bay in Bali, this gathering aims to bring together over 250 leading figures, entrepreneurs, and investors from the sector.
The event is designed as a platform to question current leadership approaches and business models in the Web3 ecosystem and discuss new paradigms. The trajectory of cryptocurrency markets in 2026 and the point reached in their integration with traditional finance are increasing the importance of such gatherings. It is more critical than ever for investors and founders to build strategic networks and exchange information to keep pace with rapidly changing industry dynamics.
Gate's organization of this event is seen as part of its efforts to strengthen its leadership position in the sector and shape the future of the ecosystem. This meeting in Bali can provide an important platform for sowing the seeds of ideas and collaborations that will shape the coming period.
#GateTop1GrowthInJuly #Web3SecurityGuide
#我的七夕交易分享
#MyQixiTradingShare

$VELVET
Correction After Sharp Rise in VELVET/USDT: Balance Between Resistance and Narrative Rally
The VELVET token experienced a significant movement in the last 24 hours. After rising from a low of $0.47777 to $1.12559, registering an increase of over 135%, it is currently trading around $1.00546. This movement represents a net increase of 40.24% on a daily basis. The 24-hour trading range was between $0.47777 and $1.12559, while the trading volume was 8.07 million VELVET and 7 million USDT.
Technical Outlook: Long Upper Shadow and Resistance Zone
The long upper shadow formed on the price chart indicates strong selling pressure at the $1.12559 level. This points to the presence of profit-taking following the rise. The $1.12 - $1.13 range stands out as a short-term resistance zone.
Sustainability and Narrative Rally Risk
The token's long-term performance is quite striking: it has gained 774% in the last 90 days, 1083% in the last 180 days, and 1727% year-on-year. These figures show that the token has been in a strong uptrend for a long time, but the momentum has accelerated even further recently.
However, after such sharp increases, the question of whether there is a concrete development or project progress behind the price movement becomes important. If the rise is not based on a catalyst that has not yet been publicly announced, or if there is no significant progress in the project, such narrative-driven rallies can quickly fade. The most important factor determining whether the price can hold at current levels will be whether trading volume continues in the coming days and the overall market sentiment.
Critical Levels:
• Resistance: 1.12 - 1.13 (short-term), 1.72 (SRL)
• Support: 1.00 (psychological), 0.77, 0.48 (intraday low)
NFA ✔️ DYOR 🔎
#我的七夕交易分享
#MyQixiTradingShare

BlackRock's new ETF focused on bitcoin income, BITA, has released its first operating period results, and the figures concretely illustrate how such options trading strategies actually work.
The fund recorded an unrealized loss of $1,199,847, comprising $782,203 in bitcoin assets and $417,644 in IBIT shares. In contrast, the profit from the options trading strategy amounted to $344,849, comprising $79,073 in realized profit and $265,776 in unrealized capital gains. This figure represents approximately 28.7% of the total loss, just under 30%. Adding a net investment loss of $5,337, the total net asset loss from operations was $860,335.
Understanding the fund's operating logic explains why these figures turned out this way. BITA directly holds bitcoin and IBIT shares, but sells call options linked to IBIT, amounting to approximately 25% to 35% of its portfolio, gradually opening positions at a rate of about 7.5% per week over a four-week expiry cycle. This strategy can perform better in flat or slightly falling markets, as option premiums partially cushion losses, but options sold during a strong uptrend limit gains above a certain price level. Therefore, by its design, the fund both restricts upside potential and remains fully exposed to downside risk, with premiums providing only partial protection.
The fund's net asset value per share fell from $50 on April 21st to $48.46 on June 30th, representing a 3.08% decrease. The filing also notes that bitcoin itself declined by 4.43% and IBIT by 4.75% between June 9th, when the fund made its initial purchases, and the end of the quarter. There's a methodological detail to note here: these three performance figures are calculated from different starting dates, so it's not yet possible to accurately compare the true hedging effect of the option strategy.
It's also stated that a distribution of $457,924.72 was recorded for the June period, exceeding the actual option profit by $113,075.72. This could indicate that a portion of the distribution was covered from the fund's own assets rather than the actual return on investment, a dynamic similar to the principal rebate issue in the previously discussed competing product, BTCI.
The difference between the "income" promise and the actual total return in such covered call strategy products is critical for those interested in bitcoin income-focused ETFs. BITA's initial results concretely demonstrate that option premiums provide a safety cushion but not complete protection. This highlights the need to clearly understand this trade-off between income and capital preservation before investing in such products, as seemingly high payout ratios don't always reflect the actual return on investment.
DYOR 🔎 NFA ✔️
#StockTradingShareChallenge #我的七夕交易分享
#MyQixiTradingShare

#GateRankedTop4Globally If you mean “Gate ranked Top 4 globally”, there is current data supporting that headline: CoinMarketCap June 2026 exchange report ranked Gate by total spot + derivatives volume, at about $441.2B and 9.31% market share.
Gate has also highlighted strong growth in its June transparency report, including $66.1B spot volume and $369B derivatives volume.
3-part futuristic image concept
Global Ranking — Giant holographic “GLOBALLY” above a futuristic crypto exchange dashboard, with Gate branding and a world map.
Trading Power — Massive digital trading volumes, glowing candlestick charts, BTC/ETH symbols and a futuristic exchange interface.
Global Expansion — A futuristic blockchain city connected across continents, with millions of digital transactions flowing through a glowing Gate logo.
If you want, I can create the 3-part image in the same futuristic crypto style as your previous Gate images.

$BR
BR/USDT Continues its Rise: Pay Attention to Volume and Momentum
The BR token gained 17.98% in the last trading session, reaching $0.24934. The 24-hour trading range was between $0.19670 and $0.25616, with a trading volume of 3.43 million BR and 760,824 USDT. On the perpetual market, the BRUSDT contract is trading at $0.24876, up 19.16%.
Technical Outlook and Critical Levels
The price rose from support at $0.19670, reaching $0.25616. The token's performance is remarkable across different timeframes. It has gained 68.60% in the last 7 days, 69.08% in the last 30 days, and 87.39% in the last 90 days. On an annual basis, it shows a 397.59% increase. These data indicate that the token has been in a strong uptrend for a long time.
Volume and Liquidity
A trading volume of 3.43 million BR and 760,824 USDT suggests that there is a certain amount of liquidity in the token, but the depth for large positions may be limited. It can be useful to check order book depth, especially when trading tokens with high volatility.
Assessment
The rise in BR shows that the token has gained strong momentum. The 397% year-on-year increase, in particular, points to the existence of a long-term trend. However, maintaining a position above the 0.25616 resistance level in the short term is important for the continuation of the uptrend. Otherwise, profit-taking, especially seen after sharp rises, could push the price downwards. Trading volume and market sentiment should be closely monitored in the coming days for the sustainability of the trend.
DYOR 🔎 NFA ✔️
#我的七夕交易分享
#MyQixiTradingShare
#StockTradingShareChallenge

Sharp Rise in PROM/USDT: Technical Breakthrough and Volume Explosion
PROM (Prometeus) reached $3.2436 in the last trading session with a sharp increase of 65.30%. The 24-hour trading range was between $1.8396 and $3.6168, while the trading volume was 651,030 PROM and 1.95 million USDT. This move indicates a technical breakthrough that has attracted the attention of short-term investors.
Technical Outlook
PROM's price action shows a significant breakout in the downtrend that has been ongoing since the end of 2024.
• Magnitude of the Rise: The 65% single-day increase is considered a strong reaction from a period where the token has been under pressure for a long time. • Increased Volume: The trading volume of 651,030 PROM shows a significant increase compared to previous days. High-volume increases are considered a positive signal for the sustainability of the trend. • Perpetual Market: The PROMUSDT perpetual contract is also trading at $3,058, up 55.78%. The difference between spot and perpetual (approximately 6%) indicates a short-term premium in the market.
Potential Catalysts
Such sharp price movements are usually driven by one or more of the following factors:
1. Major Announcement or Partnership: News of a new collaboration, product launch, or integration within the Prometeus ecosystem may have been reflected in the market.
2. Institutional or Strategic Investment: A significant investment or liquidity injection into the token may have triggered the price.
3. Technical Breakout: Breaking through a long-term resistance level may have triggered buy orders.
4. Change in Market Sentiment: General optimism in the altcoin market may have also been reflected in mid-sized tokens like PROM.
What the Data Shows
• 30-Day Performance: A 163.34% increase indicates a significant recovery in the token over the past month.
• 90-Day: An 88.87% increase reveals that this recovery isn't limited to the last day but extends over a broader timeframe.
• 180-Day: A 181.68% increase shows the token's value has nearly tripled in the last six months. However, the fact that it's still down 67.91% year-on-year suggests it's recovering from a larger decline in the past.
Points to Note
• Volatility: A 65% daily movement indicates high volatility. Such increases can be followed by rapid corrections.
• Liquidity: A trading volume of 1.95 million USDT raises questions about whether the token has sufficient depth for large positions. • News Flow: Whether the price movement will continue may depend on the existence of a development that has not yet been publicly announced.
Assessment
This sharp rise in PROM/USDT occurred at a point where a technical breakout and increased volume combined. The token's 30-day and 90-day performances suggest that this movement is not just a one-day jump, but may be part of a broader recovery process. Whether the price remains above the $3.00 level and whether volume continues in the coming days will be monitored for the sustainability of the trend.
This post is not investment advice and is for informational purposes only regarding market conditions.
$PROM ‌

#TSMCRevenueHitsRecordHigh
TSMC Revenue Hits Record High as AI chip demand drives fab run rate to full and CoWoS packaging stays tight
World's largest contract chip maker posts record monthly sales at NT 416.975B and then NT 442.68B in June and sets new high vs prior NT 415.19B in March
Month over month up 1.5 percent and year over year up 30.1 percent and then 67 to 68 percent in June
First five months revenue at NT 1.96T and Q1 revenue at NT 1.13T to 1.134T and Q2 revenue at NT 1.27T
All figures beat own guidance and mark best quarter and best month ever for firm
Net profit also hits record at NT 572.48B in Q1 with EPS at NT 22.08 and Q2 profit jumps 77 percent to new high
Why revenue hits record with best examples
Example one AI accelerator ramp
Nvidia and AMD and custom AI ASIC from cloud giants all run on TSMC 3nm and 4nm and 5nm and CoWoS and CoWoS-L and SoIC
Each AI server needs high count of advanced die and HBM stack and interposer and demand for CoWoS has tripled and lead time stretched to many months
TSMC is sole source for many of these high end builds so fab runs at full and price power rises
Example two Apple and mobile and PC
Apple A and M series and Qualcomm and MediaTek use 3nm for phone and laptop and drive steady high value wafer flow
Even with phone soft patch mix shift to high end helps revenue as 3nm wafer price is far above 5nm and 7nm
Example three HPC and data center CPU
AMD EPYC and Intel chiplet and custom CPU from cloud use TSMC 3nm and 5nm and add to wafer demand and mask count and yield learning
Example four capex and capacity build
TSMC raises capex to high end of 52B to 56B USD range to add 3nm and 2nm and CoWoS and advanced packaging and US and Japan and Europe fabs
High capex signals confidence that AI demand stays healthy and drives long term revenue growth
Example five packaging bottleneck as profit driver
CoWoS and advanced packaging now limits AI chip supply more than wafer and TSMC charges premium for CoWoS and sees margin lift
Revenue mix shifts to high margin advanced node and packaging vs legacy node which helps gross margin and profit
What record high means for supply chain with best examples
Example one equipment makers
ASML EUV and etch and deposition and test tools see order lift as TSMC adds capacity
Tool lead time and service revenue rise with fab expansion
Example two substrate and HBM and memory
ABF substrate and HBM and interposer and foundry chemical and gas suppliers see volume lift
Example three design house
Chip design on TSMC node can charge more as wafer is scarce and performance lead is clear
Example four cloud capex
Cloud giants pay more for guaranteed CoWoS allocation and sign long term wafer deals and pre pay to lock capacity
Risk view
High reliance on few large customers for AI chip means any order cut hits fast
Export rule and geo tension and power and water and earthquake risk in Taiwan adds supply risk
High valuation and high expectation means any miss on CoWoS ramp or yield or guidance can cause sharp pullback even on record print
Inventory correction in consumer and PC and phone could offset AI strength if AI build slows
Pro trader play book
Track monthly revenue print and CoWoS capacity and lead time and utilization and wafer price and capex guidance
Use TSMC monthly sales as leading proxy for AI chip supply and for Nvidia and AMD and Broadcom and Marvell and Apple supply chain health
Long TSMC proxy vs short legacy foundry for node lead trade
Long equipment and substrate basket for capex beta
Keep size modest into print and use options straddle for vol as record high often sparks high vol and profit take
Overall TSMC record monthly and quarterly revenue at NT 416.9B and NT 442.6B and NT 1.13T and NT 1.27T shows AI boom still drives demand for advanced node and CoWoS and supports view that AI build stays strong and fab run rate stays full

‍#Gate全额补偿异常波动爆仓用户
BREAKING NEWS: Gate Announces Full USDT Compensation for Users Affected by Extreme Volatility Gate announced full USDT compensation for users whose holdings were liquidated during the extreme volatility that affected the TUT, Lobster, and BICO perpetual contract markets on August 9, 2026. According to Gate, the markets experienced significant price fluctuations across multiple platforms, accompanied by substantial on-chain fund movements. The platform immediately initiated a thorough investigation of suspicious transactions and a risk control review.

#GoldBreaks4400USD Gold Surpasses $4,400: Dynamics Behind the Rise and Ahead Risks
Gold prices have reached the $4,400 level again after two months, gaining over 7% since the beginning of August. XAUUSD is currently trading around $4,376, while XAUT (Tether Gold) is at $4,359. This rise was triggered by weak non-farm payroll data and decreasing expectations of interest rate hikes.
Key Factors Behind the Rise
1. Weak Employment Data and Interest Rate Expectations
Last week's non-farm payroll data fell below expectations, raising questions about whether the Fed will continue raising interest rates. The decrease in expectations of interest rate hikes has made gold, which does not offer yield, more attractive.
2. Record Purchases by the People's Bank of China (PBoC)
The PBoC purchased 640,000 ounces (approximately 19.9 tons) of gold in July, marking its highest monthly purchase in this cycle. This marks the 21st consecutive month of increased gold reserves in China. Central bank purchases demonstrate the institutional and strategic dimension of demand for gold.
3. Geopolitical Risks and Dollar Weakness
Tensions in the Middle East and uncertainties surrounding the Strait of Hormuz have increased demand for safe-haven assets. Additionally, recent weakness in the dollar index has supported the upward trend in the price of gold in dollar terms.
Technical Outlook
XAUUSD (Gold):
• Current price: $4,376
• Intraday high: $4,378 - Low: $4,368
• MA5: 4,166 - MA10: 4,159 - MA30: 4,572
The price is trading well above the short-term moving averages (MA5 and MA10). However, the fact that MA30 (4,572) is still above indicates that the long-term trend has not fully reversed. The MACD indicator is still in the negative zone (-20.49), and although the difference between DIF and DEA has started to narrow, a full technical confirmation of the uptrend can be expected when the MACD moves into the positive zone.
XAUT (Tether Gold):
• Current price: $4,359
• 24-hour range: $4,340 - $4,411
XAUT, as a product providing digital access to physical gold, moves in parallel with the price of gold. A 9.5% increase in Tether Gold reserves (612,823 XAUT) indicates increased demand for the asset.
Expert Opinions and Upcoming Catalysts
While some analysts believe gold has bottomed out at current levels, overbought conditions and upcoming data releases could increase volatility in the near term.
1. Near-Term Risk: Wednesday's Inflation Data
The upcoming inflation data is critical for the direction of gold. A higher-than-expected figure could revive concerns about interest rate hikes, putting pressure on gold. A lower figure, however, could support an upward move.
2. Overbought Conditions
The rapid rise increases the likelihood of a correction or profit-taking in the short term. Holding above 4,400 is particularly important for establishing this level as support.
3. Geopolitical Developments
Tensions with Iran and news flow regarding the Strait of Hormuz will continue to affect safe-haven demand.
Critical Levels 🔎
Resistances: 4,400 (psychological), 4,572 (MA30), 4,650 (previous peak area)
Supports: 4,340 (recent low), 4,166 (MA5), 4,000 (psychological)
Gold reached a two-month high, driven by weak US data, record Chinese buying, and geopolitical risks. Whether the rally will continue depends on Wednesday's inflation data and geopolitical developments. Overbought conditions and the MA30 still being higher indicate a risk of a correction in the short term.
This post is not investment advice; it is for informational purposes only regarding market conditions.

#GateCompensatesLiquidationUsers
Gate.io Announces Full Compensation Following Abnormal Volatility
Congratulations Gate!
Following abnormal price movements in TUT, Lobster, and BICO perpetual contracts on August 9th, the platform has initiated a comprehensive compensation process for affected users. Risk control mechanisms have been activated, and it has been announced that all liquidated users will receive full compensation in USDT for their losses.
Details of the Incident and the Platform's Response
• Date and Affected Products: On August 9th, TUT, Lobster, and BICO perpetual contracts experienced unusual price fluctuations. This resulted in the mandatory liquidation of some user positions.
• Platform Intervention: A risk control review was initiated immediately after the abnormal volatility was detected. As a result of the review, it was announced that all losses of users liquidated during that period would be reimbursed in USDT.
• Compensation Process: Compensations will be deposited into spot accounts within trading days. Affected users need to apply through VIP managers or online support channels.
Why is this decision important?
1. Emphasis on User Security
The platform's decision to fully compensate users for losses in abnormal market conditions reflects a user-centric approach. Such situations are critical for maintaining trust, especially in derivatives markets.
2. Rapid Activation of Risk Control Mechanisms
The immediate initiation of risk control reviews and swift decision-making following abnormal price movements demonstrates the platform's operational readiness. Given that markets are not always predictable, such mechanisms are essential for the healthy functioning of the system.
3. Industry Message
This decision sets an example of platforms taking responsibility for liquidation risk, particularly in crypto derivatives markets. This step, taken to prevent users from suffering losses in abnormal conditions, is a response to the trust issues in the sector.
What Should Affected Users Do?
• To receive compensation, liquidated users need to contact their VIP managers or live support. • Compensation will be deposited into spot accounts within three business days of application.
Assessment
This event serves as a significant example of the platform's commitment to user grievances. While abnormal price movements are inherent risks in derivatives markets, the platform's intervention and compensation for losses in such situations reinforces user confidence.
On the other hand, this decision serves as a reminder to market participants: derivatives always carry a high risk of volatility. Position management and risk control remain the responsibility of the users.
This post is not investment advice and is intended solely for informational purposes regarding market conditions.

#ETHFocusesOnQuantumPrivacyAI
Ethereum Roadmap: New Era, Privacy, Quantum Security, and Native Rollups
Vitalik Buterin shared a comparison of Ethereum's 2023 roadmap with the current "Strawmap." While there are significant overlaps between the two plans, some topics have shifted in priority, and others have been completely revamped. Three main topics stand out: privacy, quantum security, and native rollups.
Privacy Now a Top Priority
In the new roadmap, privacy is defined for the first time as a "first-class" goal. It is now considered a fundamental part of the protocol, not just the application layer.
The mechanisms being worked on to achieve this goal are listed as follows:
• Keyed Nonces: A method that makes it difficult to link different transactions of a user to each other.
• Recent Roots: Techniques that allow private applications to verify the current state of the blockchain without disclosing the entire history. • FOCIL (Fork-Choice Enforced Inclusion Lists): A mechanism that makes it difficult for block producers to censor transactions seen by the network. • Lean Privacy Pool and Wormholes: Structures that allow users to move assets without a publicly visible link between sender and receiver. Wormholes, defined by EIP-7503, are a method involving sending ETH to a non-spendable address and then reprinting it at another address with zero-knowledge proofs.
Rising on the Quantum Security Roadmap
Preparing for the threat that quantum computers may pose in the future has become a priority. Modifying existing cryptographic systems brings challenges such as signature sizes and verification costs.
Work in this area focuses on:
• leanSPHINCS Signatures: A lighter signature scheme offering post-quantum security. • Signature Aggregation: An approach that aims to reduce costs by combining multiple signatures into a single signature. • zkzk Frames (EIP-8288): A proposed new transaction framework for collectively validating post-quantum signatures and STARK proofs.
Native Rollups and New Scaling Strategy
Native Rollups are being considered as an approach that integrates part of the validation process of second-layer (L2) systems directly into Ethereum's main protocol (L1). The aim is to reduce the need for each rollup to create separate contracts and security assumptions. Vitalik noted that this approach was previously impossible due to the insufficient maturity of zero-knowledge proof technologies, but this obstacle has now been overcome.
One of the most notable changes in the roadmap is the shift in approach to the scaling strategy. The goal is to move away from scaling all activities with a single general mechanism and instead design specialized mechanisms for high-volume and specific use cases such as token transfers, decentralized exchange transactions, and privacy protocols. This aims for a more efficient and optimized system.
Key Changes and New Headings
• Lower Priority: Verifiable Delay Functions (VDFs) and some EVM improvements included in the 2023 roadmap have been downgraded in priority.
• New Technical Approaches: Verkle Trees are being replaced first by Unified Binary Trees, then by Protobuf Binary Trees. The "State Expiry" concept is evolving into new state types.
• Blob and Gas Futures: A structure is being developed to enable forward trading of data storage (blob) and gas costs, which were not included in the 2023 plan.
• The Future of EVM: In the long term, simpler instruction set architectures such as leanISA or RISC-V, which can operate in addition to or under the existing EVM, are being evaluated. This area is still in its very early stages.
• This updated "Strawmap" shared by Vitalik Buterin is a blueprint for Ethereum's coordination plan for the period up to 2029. Moving privacy to the protocol level, preparing for quantum threats, and deeper integration with native rollups are key milestones in the network's long-term strategy. These changes reflect Ethereum's goal of moving beyond being just a financial layer and becoming a more secure, private, and scalable underlying infrastructure.
This post is not investment advice and is for informational purposes only regarding market conditions.

#NFPShockSpikesRateCutOdds
NFP Shock Spikes Rate Cut Odds as weak payroll print shifts Fed path view
Headline job gain misses street call by wide margin and prior months revised down and jobless rate ticks up and wage growth cools
Market flips from hold bias to cut bias in rapid move
What NFP print showed
Headline NFP well below consensus and private payroll soft and household survey weak
Labor force participation eases and hours worked flat and temp help falls which often leads broad payroll
Wage growth MoM cools and YoY slows which eases service cost pressure
Why market sees this as cut fuel
Fed mandate is price stability and max employment
Weak job data tilts balance toward employment worry and away from inflation only focus
Bond yield drops and dollar softens and equity bid returns as lower discount rate helps growth
Rate cut odds map
Fed funds futures price shows sharp jump in cut odds for next meeting and next two meetings
Tool like CME FedWatch shows 60 plus percent odds for cut at next meeting vs 35 percent before print and near 80 percent odds for cut by year end
Two cut case gains traction while hold case fades
Best examples of market reaction
Example one short term treasury
Two year yield falls 15 to 25 bps as traders buy front end on cut bet
Yield curve steepens as long end holds firmer on inflation sticky view
Example two dollar index
DXY drops as rate gap vs peers narrows
EUR and GBP and JPY and gold rally on dollar soft patch
Example three equity sector rotation
Small cap and growth and tech and REIT and home builder rally as lower rate helps funding and valuation
Bank and energy lag if growth scare dominates
Example four credit and crypto
High yield spread tightens and BTC and ETH pop as liquidity hope rises
Gold rallies as real yield falls
Risk view
One weak print does not make trend and Fed will need more data on inflation and jobless claims and JOLTS
If CPI still hot then Fed may stay on hold and use pause and talk
If jobless claims spike and unemployment rises fast then Fed may cut faster and deeper
Pro trader play book
Trade one fade or follow plan with clear level
Long bond future or short yield proxy on weak NFP follow through if next data confirms soft path
Long small cap vs short large cap for cut beta
Long gold and silver on real yield drop
Hedge with short equity if growth scare turns into earnings cut
Overall NFP shock that spikes rate cut odds marks regime shift from higher for longer to cut watch and sets stage for volatile move in rates and FX and equity until next CPI and jobs data lock view