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Today · 2026-08-11 · Tue

LONG-TERM SCIENCE AND TECHNOLOGY: THE UNCERTAINTY OF AI DEVELOPMENT ON DRAM MARKET DEMAND

ON 15 JULY, IN RESPONSE TO PRUDENT EXPECTATIONS OF PERFORMANCE THROUGHOUT 2026, THE VICE-PRESIDENT OF CHANGCHENG SCIENCE AND TECHNOLOGY AND SECRETARY OF THE BOARD OF DIRECTORS, YUANWON, STATED THAT THE GROWTH IN PERFORMANCE SINCE THE SECOND HALF OF 2025 HAD INDEED BENEFITED FROM AN AI-DRIVEN OUTBREAK OF DEMAND FOR DRAM AND FROM TIGHT SUPPLY AND DEMAND IN THE INDUSTRY, BUT THAT THE DRAM INDUSTRY WAS HIGHLY PRO-CYCLICAL AND PRICE VOLATILITY AND THAT THERE WAS UNCERTAINTY ABOUT THE DRAM MARKET DEMAND IN AI DEVELOPMENT. COMPANIES WILL CONTINUE TO IMPROVE THEIR RESILIENCE TO CYCLES THROUGH TECHNOLOGY OVERLAY, PRODUCT OPTIMIZATION AND COST MANAGEMENT, BUT THEY WILL REMIND INVESTORS OF THE RISKS OF INDUSTRY FLUCTUATIONS. (CERTIFICATION REPORT)

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DHARMA WARNING: PEOPLE'S OPPOSITION TO THE AID DATA CENTER BOOM WILL AFFECT THE MARKET

On 15 July, Morgan Stanley ' s latest warning stated that popular opposition to the surge in artificial intelligence infrastructure (data centres) would affect the market. The Bank noted that projects valued at approximately $156 billion had been cancelled or extended in 2025, while projects valued at $130 billion had been affected in the first quarter of 2026 alone. According to the United Nations, “the resistance to future data centre construction will obviously have an impact on the timing and intensity of the capital expenditure cycle, either extending its duration or reducing total investment requirements”

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ECB Neger: paying close attention to the situation of energy prices in the Middle East adds to inflationary uncertainty

On 15 July, the ECB Board of Governors stated that the ECB was following the energy price trend closely after the renewed escalation of the Middle East conflict led to an increase in geopolitical uncertainty. He said that the past few weeks had been “filled with hope and disappointment”. The renewed outbreak of war between the United States and Iran underscores the fact that the current situation remains volatile. According to Neger: “The energy price trend is a key determinant of future inflation prospects. Monetary policy will continue to be highly vigilant.” The European Central Bank will convene a policy meeting from 22 to 23 July and will soon enter a quiet period before the Conference. It is generally expected that the bank will maintain interest rates at that time. However, investors still expect policymakers to raise interest rates again later this year to contain inflationary pressures triggered by the Iranian conflict. Neger stressed that, following a policy decision in June, borrowing costs were now at an “appropriate” level. He said: “From a monetary policy point of view, it remains wise to maintain a cautious response, but will also act decisively if necessary.” Kim Xian

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SAMSUNG HBM4 IS STILL KNOWN TO HAVE TAKEN AWAY SK HERCULES WITHOUT AN ORDER FROM INVERDA

According to Korean media Dealsite, citing semiconductor sources, Samsung electronics has not yet received a volume order for HBM4 chips from British Weidar. Currently, the income from this home-worker smart chip manufacturer is limited to the cost of testing samples. Previously, it was reported that the competitor, SK Hercules, had officially launched a 12-storey HBM4 volume of output for Inweida and that the product had entered the production and capacity-grading phase. Starting in September this year, SK Hercules will formally scale up HBM4 to fully meet the demand for high-end calculus chips from British Wida. Kim Xian

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WALL STREET DOUBLES THE SK HERCULES ADR

On 15 July, Wall Street believed that SK Hercules ADR still had near-twice rise. Barclays Bank analyst Simon Coles stated that the stock chip supply shortfall would last for a longer period, at a target price of $330 per share of SK Hercules ADR. Barclay expects that supply shortages in the storage chip industry will increase further in 2027 and that improvements will remain limited by 2028, so that supply and demand tensions are expected to continue in the coming years. In the view of the bank, the current stock of chip plates is “seriously underestimated”. The Bank also expects that, by the end of 2027, SK Hercules will hold more than 40 per cent of the company ' s current market value in cash and cash equivalents and that the company will continue to expand its stock buy-backs。

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Robinwood Chain attracted 492.79 million addresses, only 1.7 per cent of them in DeFi

According to clemh59, a web-based researcher, Robinhod Chain has attracted 492.79 million new addresses within 11 days, with only 1.7 per cent of the addresses having DeFi interactive records. Out of a total of 112,722 active addresses, there were 2,171 wallets attracted by the well. Funiswap attracted 1,658 wallets, NFT cast 156 wallets and Morpho active wallets numbered 0. The median wallet in the chain is $8.2 and 112 addresses contribute approximately 50 per cent of the volume of the transaction. DeFiLlama shows $119 million on the chain and only seven wallets in the loan book, two of which account for 99.7 per cent of the funds。

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MICRO-STRATEGICS CEO: PLAN TO RESTORE THE STRC TO PARITY AND RESET THE INCREASE

The micro-strategy company CEO Phong Le states that the company ' s plan is to restore the $StRC to even prices and to restart the increase. He noted that the United States dollar reserve would continue to be increased, as it would be very beneficial for each share of the company ' s earnings. He mentioned that a two- to three-year dividend as a dollar reserve was an important component of the company ' s capital plan so that more priority shares could be issued over time。

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The Japanese Senate passed a bill to include encrypted assets as financial commodities

On 15 July, CoinPost reported that, on 15 July, the plenary session of the Japanese Senate had passed a bill aimed at amending the Financial Instruments and Transactions Act and the Payment Services Act to redefine encrypted assets as financial goods from means of payment. Core amendments include: the change of name of the encrypted asset exchanger to an encrypted asset trader, an increase in the maximum sentence for unregistered sales from less than 3 years to less than 10 years, an increase in the fine from less than 3 million yen to less than 10 million yen; the introduction for the first time of a code of insider transactions of encrypted assets, which prohibits the use of undisclosed material information for transactions; and the annual periodic disclosure of information by the issuer of a specified encrypted asset. With regard to the tax system, a shift from a total tax of up to 55 per cent to a tax on the declaration of separation (at about 20 per cent) and allowing for a three-year carry-over of losses is expected to take effect on 1 January 2028. The proposed amendment would also establish an institutional framework to support the creation of an encrypted currency, ETF。

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OVER $181 MILLION INTO THE UNITED STATES SPOT BTC ETF MARKET

According to early releasein A, yesterday more than $181 million went into the United States market for spot BTC ETF, with a net inflow of up to $181 million. Of this, the bulk of the inflows was IBIT, followed by a one-day net inflow of $139 million, followed by FBTC, totalling $21.1 million. The real-time BTC ETF tracking strategy for the early release of In A shows that there is a significant positive correlation between ETF inflow and BTC prices。

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NOKIA WILL BE SELLING MOBILE COMMUNICATION DEVICES WITH WEIWEI TECHNOLOGY NEXT YEAR

Nokia (NOK.N) announced that it would be selling mobile communications network devices with NVDA.O artificial intelligence technology starting next year. The company, together with In Weida, developed the first commercial artificially driven wireless access (RAN) platform worldwide, which aims to significantly enhance the data transmission capabilities of telecommunications operators. Nokia indicated that the new platform would enable telecommunications operators to double their data transmission capacity under the same wireless spectrum resources by 2028 and that it was expected that the use of the spectrum would be 50 per cent more efficient next year after the hardware was officially supplied to the operator. The platform consists of three completely new hardware products and a set of software components that will help to extend artificial intelligence to the physical world. Through software upgrades, the platform will be compatible with the 6G standard, which has not yet been formally developed, and with the Open RAN standard, which will enable it to operate in synergy with other manufacturers ' equipment。

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Central Bank: Social financing stock at the end of June 2026 was 46,206 trillion yuan, an increase of 7.4 per cent over the same period

On 15 July, the Central Bank published a report on financial statistics for the first half of 2026, which initially stated that the stock of social finance at the end of June 2026 was 462.006 trillion yuan, an increase of 7.4 per cent over the same period. Of these, the balance of the renminbi loans to the real economy was 27,916 trillion yuan, an increase of 5.3 per cent over the same period; foreign-currency loans to the real economy were equivalent to the balance of 1,18 trillion yuan, a decrease of 2.9 per cent over the same period; the trust loan balance was 11.24 trillion yuan, an increase of 0.5 per cent over the same period; the trust loan balance was 4.62 trillion yuan, an increase of 4 per cent over the same period; the undiscounted bank balance of 20.2 trillion yuan, a decrease of 2.8 per cent over the same period; the balance of corporate bonds was 36.08 trillion yuan, an increase of 8.9 per cent over the same period; the balance of government bonds was 101.36 trillion yuan, an increase of 14.2 per cent over the same period; and the stock balance of non-financial enterprises was 12.49 trillion yuan, an increase of 5 per cent over the same period。

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Farmon Credit: The Central Bank of Korea is more likely to raise it again in October after the July hike

On 15 July, the Bank indicated that the market generally expected the Central Bank of Korea to increase policy interest rates by 25 basis points to 2.75 per cent on 16 July. The central bank has repeatedly reiterated the need for interest rate hikes, so market participants will pay close attention to their hints about the next hour of the hike and the interest rate at the end of the current cycle. Given that the Central Bank of Korea will only update its macroeconomic forecasts and six-month vision guidelines in August, and that international crude oil prices have fallen since the last meeting, it is expected that the Central Bank will not imply a successive increase in interest rates in August, but will be more likely to act in October. At the July meeting, the Central Bank of Korea may send a signal of further interest rate hikes, but no specific timetable will be given to observe more data. Kim Xian

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542,377 Americans warned of hacker attacks on New Jersey Medical Corporation

Centers Laboratory, a medical company in New Jersey, was exposed to major cyber-security incidents that could lead to the exposure of 542,377 individuals to personal and medical records. According to the United States Department of Health and Human Services, the incident was reported as “a hacker/IT incident”. In a circular published on its website, the company states that unauthorized entities have their systematic access rights and have stolen data that may include the date of birth of the patient, the driver ' s licence or state identity card, the social security number, the passport number and health insurance and medical records. Centers Laboratory stated that on 25 August 2025 they discovered suspicious activities in its IT environment and quickly isolated the affected systems and initiated investigations with third-party forensic experts. The survey revealed that unauthorized actors obtained limited access to the data between 9 August and 14 August 2025 and copied the data. The company is now urging affected individuals to make use of a free credit report obtained annually from the three major credit reporting institutions (Equifax, Experian and TransUnion)。

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