SoSoValue Official Announcement

🔥SoSoValue Daily Crypto Hot News｜Aug 18, 2026 1/ U.S. Treasury Secretary Bessent said the Department of the Treasury is rapidly advancing the implementation of the GENIUS bill – source 2/ GitHub core services outage, error rate for Issues and other features reaches 20% – source 3/ Printr announces shutdown, to cease all operations by August 31 – source 4/ Neynar will seek a new operations team for Farcaster, Clanker, and others, and return the company's remaining funds – source 5/ Nvidia plans to provide approximately $100 billion in financing support for OpenAI's Ohio AI data center – source 6/ Compound approved a $52 million budget, shifting focus to institutional-grade DeFi markets – source 7/ Monad Foundation: The plan to repurchase $60 million worth of tokens from early investors has ended with almost no participation – source 8/ SoftBank invested $200 million in Gravis Robotics, a construction robotics company – source 9/ ETH is only 3.5% away from breaking through the key daily Ichimoku cloud, Tom Lee responded, "It would be great to see this scene" – source 10/ Fireblocks appoints former SEC acting chair as Chief Regulatory and Policy Officer – source 🤖 Source｜ SoSo Value 24H Hot News ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagram

✍️Commentary: July economic data overall continued to weaken, with industrial production growth slowing and both consumption and fixed-asset investment declining. On the production side, the slowdown was mainly dragged by extreme weather, the lagged impact of high oil prices and weak investment demand. In addition, post-accident safety inspections and flood-season disruptions widened the decline in coal production. Domestic demand continued to weaken, with no clear rebound yet in growth for trade-in categories such as autos and furniture. Investment remained under pressure, as extreme weather significantly disrupted outdoor construction, while the real estate market continued to adjust, with the y/y decline in monthly real estate development investment widening further in July. - Overall, July economic data further highlighted insufficient domestic demand. Policy remains in a wait-and-see period, and the near-term domestic fundamental trend may continue to show inertia and remain weak. 📘Bloomberg reported, citing people familiar with the matter, that Anthropic’s annualized revenue had exceeded $65 billion as of the end of July 2026, up from $47 billion in May and far above roughly $9 billion at the end of 2025. The figure is annual revenue extrapolated from current sales levels. 📘Nvidia’s financing guarantee amount was reduced again. Nvidia agreed to provide up to $105 billion in financing guarantees for a large Ohio data-center campus leased by OpenAI and will invest $1.5 billion in the developer, SoftBank-backed SB Energy. The first phase of the campus is planned to have 4.25 GW of compute capacity and is scheduled to begin operations in 2028. In return, Nvidia will become the main chip supplier, further reinforcing the “compute investment-chip sales” ecosystem loop. Jensen Huang said OpenAI has committed to deploying around 12 GW of Nvidia AI compute by 2030; if the two sides further expand cooperation on the Ohio PORTS-Pike project beyond the initial 4.25 GW, total deployment could rise to around 16 GW, corresponding to roughly $600 billion in Nvidia compute demand opportunity. 📅Key Event Reminders (ET） - None ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagramq

📣 Tuesday 8/18/2026, Macro Newsletter 📈 Market Performance 📘U.S. Markets Mixed: - Dow -0.51%, Nasdaq -0.32%, S&P 500 -0.52%, Russell 2000 +0.51%. - 2-year U.S. Treasury yield -0.22bps to 4.1669%, 10-year yield +2.78bps to 4.718%. - DXY -0.32% to 99.6391. - VIX +6.6% to 15.19. - Brent Crude +2.91% to 91.1, LBMA Gold +0.91% to 4415.97. 📘Chinese ADRs Mixed: - USD/CNH -12bps to 6.7433. Nasdaq Golden Dragon China Index +0.37%, PDD +2.54%, BABA +0.73%, JD -1.93%, NTES -0.58%, LI +1.22%, XPEV +4.27%, NIO +1.77%. 📘European Markets Broadly Lower: - FTSE 100 -0.28%, CAC 40 -0.66%, DAX -0.38%. EUR/USD +0.08% to 1.1579. 📘Asia (ex-China) & EM Mixed: - Nikkei 225 +0.74%, KOSPI closed, SENSEX30 -0.36%, JCI closed, VNINDEX -0.09%, MXX -0.22%. 📍📍Key Focus 📘U.S.-Iran situation: Trump said he is not in a hurry to end the conflict with Iran and threatened to bomb mediator Oman, increasing market concerns over tensions between the U.S. and regional allies. Combined with Iran’s threat to use force to break the U.S. blockade, Brent crude rose to $91. Markets are waiting for U.S. economic sanctions to be implemented and for both sides to find an opportunity to resume negotiations. - U.S. President Trump said he is not interested in extending the soon-to-expire agreement with Iran. If Oman obstructs U.S. efforts to reopen the Strait of Hormuz and end the Iran war, the U.S. will bomb Oman. The U.S. top priority is ensuring Iran cannot possess nuclear weapons. There is no timeline for ending the war with Iran, and he is not in a hurry. - Iranian officials said current negotiations are deadlocked, and Iran has shifted from a defensive posture to more active military preparations. Iran has set a deadline of several weeks for the U.S. to fully implement the memorandum of understanding and will not wait indefinitely while the U.S. continues its maritime blockade. If diplomatic efforts fail, Tehran will launch “timely and precise” military strikes to break the U.S. maritime blockade. - The Houthis said on Monday that they launched missile attacks on a Saudi warship and four escort vessels in the Red Sea. 📘A Reuters/Ipsos poll showed Trump’s approval rating fell to 33%, a new low for his presidency. The decline was mainly driven by the ongoing Iran conflict, rising energy prices and increasing cost-of-living pressure. The survey showed that most Americans believe the U.S.-Iran conflict could last for a long time, with 80% of respondents expecting U.S. involvement in Iran-related affairs will not end soon. - According to the latest Polymarket data, the probability that Republicans lose the House has reached 88%, while the probability that they lose the Senate has exceeded 50%. 📘China’s National Bureau of Statistics released July economic data: - July industrial value-added above designated size rose 4.5% y/y, versus expectations of 4.9% and 5.3% prior. - Fixed-asset investment fell 6.7% y/y in January-July, versus -5.7% prior. July fixed-asset investment fell 14.1% y/y for the month, narrowing from -15.6% y/y in June. Among this, China’s real estate development investment fell 19.20% y/y in January-July, while July real estate investment growth was -28.70%, accelerating from -25.95% y/y in June. - July retail sales rose 0.6% y/y, versus expectations of 1.3% and 1.0% prior. - July surveyed urban unemployment rate was 5.2%, versus expectations of 5.1% and 5.0% prior.

🔥SoSoValue Daily Crypto Hot News｜Aug 17, 2026 1/ CXMT Overtakes Tencent to Become China’s Most Valuable Listed Company – source 2/ Approximately 39.8 thousand customer order records were accessed without authorization, and the vulnerability in the SafePal Tracker extension has been fixed – source 3/ Vitalik: The Bitcoin community deserves credit for innovations in UTXO, and Ethereum scaling will integrate the strengths of multiple state models – source 4/ Tom Lee: The success of OpenAI and Robinhood stems from founders' vision, not reliance on AI tools – source 5/ DefiLlama founder: Delayed mobile launch due to phishing apps present in Apple's App Store – source 6/ CZ's public address transferred 1,440 BNB and 182,620 Binance Life tokens to Giggle Academy, worth $965,000 – source 7/ CZ responds to the burning of Meme coins: will stop using related addresses and donate BNB and 'Binance Life' to Giggle Academy – source 8/ Token value rose to $171,000, and one address lost $4,533 after liquidating 5.12 million MarsCoin – source 9/ MarsCoin market capitalization briefly exceeded $7 million, with a 24-hour increase of 9,736% – source 10/ The data breach may have occurred as early as April, with users already experiencing phishing attacks and theft. – source 🤖 Source｜ SoSo Value 24H Hot News ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagram

✍️Commentary: July is traditionally a weak month for credit. New RMB loans came in below expectations, while aggregate social financing exceeded expectations, showing a clear divergence and continuing the pattern of direct financing replacing indirect financing. Weak credit was mainly dragged down by bill financing, which increased RMB 495.4 billion less than a year earlier. Aggregate social financing was mainly supported by government bonds and corporate bond financing, with corporate bond financing increasing RMB 178.8 billion more than a year earlier. Structurally, corporate short-term loans and medium-to-long-term loans fell by RMB 250 billion and RMB 230 billion, respectively, indicating that Capex and medium-to-long-term financing demand still need to recover. Household short-term loans fell by RMB 340 billion, RMB 42.7 billion less than a year earlier; medium-to-long-term loans fell by RMB 120.2 billion, RMB 10.2 billion more than a year earlier, showing that household willingness to consume, buy homes and add leverage remains weak. Overall, July financial data still point to insufficient willingness among the real economy to expand balance sheets. 📘Nvidia and OpenAI are close to finalizing a redesigned financing plan, with the guarantee cap reduced from around $250 billion to less than $120 billion. Nvidia will only provide guarantees for the first 5GW phase of a 10GW data-center project in Ohio, in order to reduce investor concerns over Nvidia’s balance-sheet risk exposure. OpenAI is still in talks to lease the full 10GW capacity. The project is being developed by SoftBank’s SB Energy, and the two sides have not yet formally signed an agreement. 📅Key Event Reminders (ET） - Domestic economic data: China July economic data (Monday) - Overseas economic data: U.S. August Markit PMI preliminary (Friday; Manufacturing PMI expected 53.9, prior 53.9; Services PMI expected 53.9, prior 54.6); Fed releases July FOMC meeting minutes (Wednesday) - Earnings: Walmart, Alibaba (Thursday, before U.S. market open) ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagramq

✍️Commentary: U.S. July retail sales were overall below expectations and turned negative month-on-month, mainly due to calendar effects from Amazon’s earlier promotional campaign and price factors. Among July retail categories, four posted m/m declines, with e-commerce, which accounts for 17% of total retail sales, becoming the largest drag at -2.2%. This was likely because Prime Day was moved from mid-July to late June, while seasonal adjustment factors still revised July data lower, creating the core drag. In addition, oil prices declined month-on-month in July, and price effects weighed on motor vehicle and parts dealers (-1.8%) and gasoline stations (-0.9%). Other consumption categories were broadly stable, with clothing, food services and building materials all posting steady m/m growth. - Because the weakness was distorted by calendar and price factors, the market reaction to the retail-sales miss has so far been limited. However, the preliminary August University of Michigan Consumer Sentiment Index declined month-on-month, with consumers’ expectations for short- and long-term business conditions falling 11% and 17%, respectively. If August retail sales remain weak, market concerns over consumption will increase, and expectations for rate hikes in September and October will continue to fade. 📘Dallas Fed President Goolsbee (not a 2026 voter, dovish): Inflation remains the biggest concern. Goolsbee said recent CPI data were encouraging, but inflation in May and June had still been high. If the momentum seen in June continues over the next three to four months, he would be more confident that prices are steadily returning to the 2% target. The economy and employment are “basically stable.” If retail sales continue to decline, that would raise concerns, as consumption is a key pillar of the U.S. economy. He also expressed concern over the recent slowdown in productivity growth, saying that if AI-driven growth cannot be sustained, the narrative around AI and monetary policy will need to be reassessed. On whether to reduce the number of policy meetings, Goolsbee said he has no strong view and is willing to wait for the working group’s recommendations. 📘The Bank of Japan is reportedly likely to raise rates at its September 17-18 policy meeting and may shift from the current pace of around two hikes per year to a faster tightening path. If a September hike is delivered, some analysts expect another hike could come in December, implying a pace close to once per quarter. The main drivers are higher energy prices due to the Middle East conflict, price pressure from global AI investment demand, and continued yen depreciation raising import costs. Japan’s policy rate is currently 1%, already the highest in 31 years, while markets are pricing an almost 80% probability of a September hike. 📘China released July financial credit data: - Aggregate social financing was RMB 1.4017 trillion, versus Wind consensus of RMB 1.1520 trillion, prior RMB 3.3636 trillion, and RMB 1.1307 trillion in the same period last year - New RMB loans were -RMB 340 billion, versus Wind consensus of RMB 25.4 billion, prior RMB 1.61 trillion, and -RMB 50 billion in the same period last year - M2 rose 7.7% y/y, versus market expectations of 7.8% and 8.0% prior; M1 rose 4.0% y/y, unchanged from prior; M0 rose 11.6% y/y.

📣 Monday 8/17/2026, Macro Newsletter 📈 Market Performance 📘U.S. Markets Mixed: - Dow -0.20%, Nasdaq -0.28%, S&P 500 -0.17%, Russell 2000 +0.51%. - 2-year U.S. Treasury yield +2.88bps to 4.1691%, 10-year yield +5.14bps to 4.6902%. - DXY -0.32% to 99.6391. - VIX -2.60% to 14.25. - Brent Crude +2.01% to 88.82, LBMA Gold +0.60% to 4376.16. 📘Chinese ADRs Mixed: - USD/CNH -1bp to 6.7445. Nasdaq Golden Dragon China Index +0.61%, PDD +0.74%, BABA +1.35%, JD -0.82%, NTES +2.01%, LI -0.08%, XPEV -0.68%, NIO +0.44%. 📘European Markets Mixed: - FTSE 100 -0.21%, CAC 40 -0.16%, DAX +0.53%. EUR/USD +0.35% to 1.157. 📘Asia (ex-China) & EM Mixed: - Nikkei 225 +0.59%, KOSPI +2.42%, SENSEX30 -0.09%, JCI +1.59%, VNINDEX -2.07%, MXX -0.66%. 📍📍Key Focus 📘U.S.-Iran progress: The statutory expiration date of the memorandum of understanding previously signed by the U.S. and Iran is August 17 (Monday). The two sides are currently in a stalemate, awaiting a new round of U.S. economic sanctions. Iran and Oman have reached an agreement on the Strait of Hormuz transit plan, with the U.S. becoming the key variable in reopening the Strait. Iranian Foreign Ministry spokesperson Baghaei said talks between Iran and Oman are still actively progressing, and the two sides have reached an agreement on the shipping-lane transit plan for the Strait of Hormuz. However, whether the Strait can move from “progress on shipping-route arrangements” to a true “resumption of commercial shipping” still depends critically on the U.S. - U.S. President Trump said the U.S. will deliver a severe economic blow to Iran and will soon announce that the Strait of Hormuz has become “U.S. territory.” Trump said the U.S. blockade of Iran is “unstoppable” and forms a “wall of steel.” The U.S. is fully prepared to deal with Iran, will not allow Iran to continue what it is doing, and will not allow Iran to possess nuclear weapons. - U.S. Treasury Secretary Bessent said the U.S. will impose “unprecedented” measures on Iran. These will combine unprecedented economic isolation tools with the continued blockade of the Strait of Hormuz, cutting off all access to and from Iranian ports. - A spokesperson for U.S. Central Command denied that senior military officials are pushing for a new round of military strikes on Iran, calling the reports “pure fabrication and simply not true.” - Israel announced on Sunday that it launched airstrikes on southern Lebanon on Saturday, killing 11 people, including a senior Hezbollah commander. It was the deadliest airstrike since the two sides reached a ceasefire agreement in early June. Israeli Prime Minister Netanyahu said the strike was retaliation for Hezbollah’s Saturday attack, which wounded three Israeli soldiers. 📘The U.S. released July retail sales data and the preliminary August University of Michigan consumer survey results on Friday U.S. July retail sales fell 0.6% m/m, versus expectations of +0.1% and +0.2% prior - July control-group sales, excluding autos, gasoline, building materials and food services, fell 0.4% m/m, versus expectations of +0.3% and +0.4% prior (revised down from +0.5%) - Preliminary U.S. August University of Michigan Consumer Sentiment Index came in at 51.0, versus expectations of 51.0 and 55.2 prior - Preliminary U.S. August University of Michigan 1-year inflation expectations came in at 4.2%, versus 4.3% prior - Preliminary U.S. August University of Michigan 5-year inflation expectations came in at 3.3%, versus 3.3% prior

🔥SoSoValue Daily Crypto Hot News｜Aug 14, 2026 1/ CXMT Overtakes Tencent to Become China’s Most Valuable Listed Company – source 2/ Trezor customer data was exposed due to a ShipMonk security breach, affecting users in 7 countries – source 3/ Tether completes the largest-ever first financial audit in history, with KPMG issuing an unqualified opinion – source 4/ The U.S. stock storage sector opened higher and continued to rise, with SanDisk and SK Hynix both gaining over 2% – source 5/ Figure opened up more than 5% at the market open, and net revenue for the second quarter increased by 113% year-over-year to $226 million – source 6/ BTC fell below $63,000, down 0.71% on the day – source 7/ “1011 Insider Whale” agent: pay attention to SpaceX's subsequent unlocking windows, Bitcoin is still waiting for a breakout signal – source 8/ Ether.fi launched tokenized stock trading, pooled-collateral lending, and fiat accounts – source 9/ Nakamoto, a Bitcoin treasury company, Q2 financial report: digital asset losses reached $48.7 million, holding 4,467 bitcoins – source 10/ The first meeting of the U.S. CFTC Innovation Advisory Committee will focus on cryptocurrency assets, AI, and prediction market regulation – source 🤖 Source｜ SoSo Value 24H Hot News ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagram

- 10:00 AM (Friday): Preliminary U.S. August University of Michigan Consumer Sentiment Index (expected 54.6, prior 55.2) - 8:30 AM (Friday): U.S. July retail sales data (m/m expected 0.1%, prior 0.2%) ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagramq

📘U.S.-Iran negotiations remain deadlocked, and the U.S. may continue applying economic pressure Mokhber, adviser to Iran’s Supreme Leader, said that if Iran’s conditions are not met, the Supreme Leader has clearly made a strategic decision to respond by escalating the conflict. - U.S. Defense Secretary Hegseth said the U.S. can maintain its maritime blockade of Iranian ports “indefinitely” and continue applying economic pressure through ship rotations. The U.S. hopes to limit Iranian oil exports and force Iran to make concessions in ceasefire and negotiation talks. - The Houthis attacked Saudi Aramco’s Jazan refinery for the second time in one week. - The UAE said Iran attacked two Abu Dhabi National Oil Company vessels in the Strait of Hormuz. 📘U.S. President Trump signed a proclamation on drone tariffs, imposing a 100% ad valorem tariff on drones of certain sizes or with sensitive capabilities, as well as some key components, including drones with a maximum takeoff weight of more than 25 kilograms and drones with thermal-imaging capabilities; smaller drones without specified capabilities and other drone components will be subject to a 25% ad valorem tariff. The tariffs will take effect 21 days after the proclamation is signed. For drone components not classified as highly sensitive, the tariffs will take effect 180 days after the proclamation is signed. 📘Anthropic and OpenAI are increasingly preparing for IPOs According to the FT, Anthropic could go public as early as October 2026, with a valuation of $2 trillion. If successful, it could become the largest IPO in history. The optimistic outlook is mainly driven by rapid demand growth for the Claude model series and AI coding tools: investors expect Anthropic’s annualized revenue to reach $100 billion-$120 billion by the end of 2026, around 10x growth from the start of the year. If the company maintains an approximately 800% annual growth rate, even at 30x revenue, its market capitalization could reach $3 trillion. This year, Anthropic has attracted nearly $100 billion in financing and surpassed OpenAI in valuation terms in May. - Anthropic plans to acquire chip-optimization company Decart AI for $6 billion. Anthropic is in talks to acquire AI startup Decart AI. Decart’s “world model” technology and chip-efficiency optimization software could help Anthropic expand its existing compute infrastructure at lower cost and absorb rising compute demand. If the deal is completed, Decart’s team will be integrated into Anthropic’s inference and performance division. - According to Bloomberg, OpenAI’s 2026 annualized revenue could exceed $40 billion. People familiar with the matter said OpenAI’s current momentum is strong and it is on track to generate more than $40 billion in annualized revenue, partly helped by Codex. OpenAI CFO Sarah Friar previously said the company’s annualized revenue exceeded $20 billion by the end of 2025, meaning the latest figure has doubled year-on-year. 📘DeepSeek sharply adjusted API pricing. The new prices will take effect at 12:00 AM Beijing time on August 17, 2026, while a peak/off-peak pricing mechanism will also be introduced**.** Latest API pricing for the official V4 Pro version: RMB 4.5/13.5 per million input/output tokens, both up 125%. During peak hours, output pricing will rise to RMB 27 per million tokens, up around 350% from the current RMB 6. - Latest API pricing for the official V4 Flash version: RMB 1.5/4.5 per million input/output tokens, up 50%/125%, respectively. During peak hours, output pricing will rise from the current RMB 2 to RMB 9 per million tokens, up 350%. - DeepSeek Harness developer preview opened global testing and simultaneously open-sourced its code under the MIT license. It is an open-source, local-first Agent runtime framework and automated programming workspace. It uses an “everything is a plugin” design philosophy, with models, tools, skills and all other Agent capabilities composed through plugins that can be freely replaced and flexibly recombined. 📅Key Event Reminders (ET）

📣 Friday 8/14/2026, Macro Newsletter 📈 Market Performance 📘U.S. Markets Broadly Higher: - Dow +0.13%, Nasdaq +0.81%, S&P 500 +0.65%, Russell 2000 +0.61%. - 2-year U.S. Treasury yield -5.24bps to 4.1403%, 10-year yield -5.16bps to 4.6388%. - DXY +0.16% to 99.9721. - VIX +0.55% to 14.63. - Brent Crude -2.23% to 87, LBMA Gold -1.32% to 4350.02. 📘Chinese ADRs Broadly Lower: - USD/CNH -15bps to 6.7446. Nasdaq Golden Dragon China Index -1.84%, PDD -5.46%, BABA -2.44%, JD -7.31%, NTES -1.18%, LI -1.60%, XPEV +0.26%, NIO -0.88%. 📘European Markets Broadly Lower: - FTSE 100 -0.56%, CAC 40 -0.28%, DAX -0.12%. EUR/USD +0.04% to 1.153. 📘Asia (ex-China) & EM Mixed: - Nikkei 225 +1.16%, KOSPI +3.56%, SENSEX30 +0.15%, JCI -1.13%, VNINDEX -1.54%, MXX -1.41%. 📍📍Key Focus 📘U.S. July PPI data and weekly jobless claims released U.S. July PPI rose 4.7% y/y, versus 4.9% expected and 5.5% prior; m/m 0.0%, versus 0.2% expected and -0.1% prior (revised up from -0.3%) - U.S. July core PPI rose 4.2% y/y, versus 4.1% expected and 4.7% prior; m/m +0.2%, versus 0.3% expected and 0.4% prior (revised up from 0.2%) - U.S. initial jobless claims for the week ended August 8 came in at 209k, versus 203k expected and 198k prior (revised up from 199k) U.S. continuing jobless claims for the week ended August 1 came in at 1.777 million, versus 1.790 million expected and 1.799 million prior (revised down from 1.801 million) 📘Commentary: July PPI was overall below market expectations, while core PPI was broadly in line. A sharp decline in energy prices was the main reason for the weaker headline PPI. PPI components that feed into the PCE price index were mixed, but overall moderate. Air passenger service prices fell 3.4% m/m, a much larger decline than the previous 0.4%; portfolio management service prices rose sharply by 6.5% m/m, significantly above the prior 0.6%; healthcare-related service prices rose 0.2% m/m, slightly slower than the previous 0.3%. - On employment, initial jobless claims for the week ended August 8 rebounded slightly, but the absolute level remains low, with no clear sign of deterioration risk in the labor market. - Overall, July CPI and PPI have now both been released. Inflation remains controllable, with no broad-based upward pressure. July nonfarm payrolls were weak in just the right way, together giving the Fed more room not to raise rates while markets await Warsh’s Jackson Hole speech on August 28. 📘After July inflation data was released, divisions within the Fed remain clear - Cleveland Fed President Hammack (2026 voter, hawkish, dissented at the last FOMC meeting): The Fed must raise rates now. Hammack said current policy is not restrictive, while recent shocks have pushed inflation higher. Excessively rapid growth could add additional pressure on prices. Rate hikes may be painful, but the Fed cannot allow economic growth and investment to accelerate so much that the economy overheats. Inflation today is broad-based, not limited to certain sectors. - Richmond Fed President Barkin (not a 2026 voter, hawkish): Inflation mainly stems from temporary shocks, but AI investment and supply chains could create lasting price pressure. Current inflation is largely driven by shocks that “should fade,” such as tariffs and oil-price shocks caused by the Iran war. The unemployment rate has stayed below 4.5% for 58 consecutive months, the longest streak on record, while the U.S. economy remains consumer-driven and broadly resilient. Even low-income households continue spending. AI investment appears “immune” to interest-rate levels, with related Capex showing no obvious contraction despite current high financing costs.

🔥SoSoValue Daily Crypto Hot News｜Aug 13, 2026 1/ Kalshi first prediction market to stream full order books via DoubleZero – source 2/ Securitize, BlackRock's tokenization partner, fell 20% after hours, with revenue below expectations – source 3/ Travis VanderZanden, former growth lead at Uber, joins Polymarket as Chief Growth Officer – source 4/ Held for 11 years, a whale transferred 2,000 ETH to Coinbase – source 5/ DeepSeek V4 Pro official version API launched, significantly enhancing Agent capabilities – source 6/ Slovenia added to the EU MiCA stablecoin registry – source 7/ Hyperliquid seeks a path to enter the U.S. market for its perpetual contracts – source 8/ Hyperliquid treasury Hyperion triples quarterly profits as HYPE holdings rise in value – source 9/ Coinbase will suspend perpetual futures trading for 10 tokens, including MEME, SAND, and BIRB – source 10/ Trump sued over plan to sell early access to Truth Social posts – source 🤖 Source｜ SoSo Value 24H Hot News ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagram

📘DeepSeek and Grok released top-tier models around the same time. Model capabilities are rapidly converging, the price war continues, and this is expected to keep driving token-usage penetration. - DeepSeek’s model version has switched from the V4-Pro preview version to DeepSeek-V4-Pro-0813; the new model supports a 1M context window and up to 384K output. API pricing has not been raised for now, at RMB 3 per million input tokens and RMB 6 per million output tokens - SpaceXAI officially released its next-generation large model, Grok 4.6. The model focuses on strengthening long-running agents, complex programming, knowledge work, and interactive and visual-task capabilities. Grok 4.6 API pricing starts at $2 per million input tokens and $6 per million output tokens. - DeepSeek’s agent capabilities are already close to Opus 4.8, while Grok’s capabilities are close to the leading models from OpenAI and Anthropic. Based on official agent benchmarks and other data, the expected overall capability ranking is Grok 4.6 > DeepSeek V4 Pro GA ≈ Opus 4.8 ≈ GPT-5.6 Terra. For coding agents, Grok is slightly stronger overall, while DeepSeek has reached or even partially surpassed Opus 4.8. - DeepSeek still has an order-of-magnitude pricing advantage. Based on estimates using an input-to-output ratio of 3:1 and excluding cache computation, V4 Pro’s blended token cost is only about 1/5.5 of Grok, 1/18 of Opus 4.8, and 1/20 of GPT-5.6 Sol. - Debate around new cloud vendors competing with hyperscalers has intensified following Nvidia’s $500 billion funding pool. Combined with better-than-expected earnings, Nebius and CoreWeave rose 34% and 19%, respectively. Shares of major cloud providers fell. - Before this, even if new cloud service providers could obtain credit, they still had to pay interest rates of 9%-14% and needed signed customers already in place. New cloud service providers could not build speculative capacity before customer demand was clearly confirmed. Only hyperscalers could do that. 📘A $500 billion-scale institutional funding pool structured around GPU-backed debt and using third-party capital rather than Nvidia’s own balance sheet lowers financing costs for new cloud companies, validates GPUs as collateral assets, and shows that Nvidia will ensure its purest customers — those that buy 100% Nvidia products and do not use custom chips — have sufficient capital. Directing capital toward new cloud providers can also accelerate infrastructure buildout without waiting for hyperscaler procurement cycles. As a result, the market repriced the entire sector, driving broad gains. - For hyperscalers, their balance sheets have long served as a moat, and the democratization of financing is weakening that scarcity value. - The market concern is that Nvidia’s capital flowing to smaller competitors could lead to oversupply in the compute market and falling prices, potentially compressing the returns hyperscalers expect from AI infrastructure investment between 2026 and 2028. - There is also a strategic subtext: the capital pool is arming new cloud providers, which is being interpreted as Nvidia funding competitors to its largest customers in order to hedge against those customers’ custom-chip ambitions. 📅Key Event Reminders (ET） - 8:30 AM (Thursday): U.S. July PPI (y/y expected 4.9%, prior 5.5%; m/m expected 0.2%, prior -0.3%; core PPI y/y expected 4.1%, prior 4.7%; m/m expected 0.3%, prior 0.2%) - 8:30 AM (Thursday): U.S. weekly jobless claims (initial claims expected 203k, prior 199k; continuing claims expected 1.790 million, prior 1.801 million) ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagramq

📣 Thursday 8/13/2026, Macro Newsletter 📈 Market Performance 📘U.S. Markets Mixed: - Dow -0.04%, Nasdaq +0.54%, S&P 500 +0.26%, Russell 2000 +0.32%. - 2-year U.S. Treasury yield -1.06bps to 4.1927%, 10-year yield +0.62bps to 4.6904%. - DXY -0.00% to 99.8112. - VIX -4.78% to 14.55. - Brent Crude -0.40% to 88.55, LBMA Gold +0.88% to 4408.325. 📘Chinese ADRs Broadly Lower: - USD/CNH -4bps to 6.7461. Nasdaq Golden Dragon China Index -2.38%, PDD -1.62%, BABA -2.06%, JD -0.97%, NTES -2.96%, LI -1.66%, XPEV -1.09%, NIO -1.73%. 📘European Markets Broadly Lower: - FTSE 100 -0.10%, CAC 40 -0.46%, DAX -0.23%. EUR/USD -0.16% to 1.1525. 📘Asia (ex-China) & EM Mixed: - Nikkei 225 +0.83%, KOSPI +3.68%, SENSEX30 -0.24%, JCI +1.69%, VNINDEX +1.11%, MXX +0.29%. 📍📍Key Focus 📘U.S. July CPI released - U.S. July CPI rose 3.4% y/y, in line with expectations of 3.4%, versus 3.5% prior; m/m +0.1%, in line with expectations of +0.1%, versus -0.4% prior - U.S. July core CPI rose 2.5% y/y, in line with expectations of 2.5%, versus 2.6% prior; m/m +0.2%, in line with expectations of +0.2%, versus 0.0% prior ✍️Commentary: U.S. July CPI was fully in line with expectations. Energy prices continued to weigh on CPI, but the decline narrowed significantly from June, with energy prices down 1.5% m/m. Core inflation growth picked up from the previous month on a m/m basis, with goods rebounding, housing remaining weak, and non-housing services rising marginally. Within services, used cars and consumer electronics among goods accelerated. Housing rose 0.1% m/m, unchanged from June and still at a low level, providing important support for keeping core inflation moderate. Within housing, hotel lodging fell 2.8% m/m, dragging down the overall housing category. - Overall, July inflation data has not yet shown renewed broad upward inflation pressure, giving the Fed more room to weigh rate hikes. With oil prices rising recently, inflation faces rebound risks. Before the September meeting, the key focus will be Fed Chair Warsh’s expected speech at the Jackson Hole annual symposium later this month, as well as August CPI data. 📘Singapore sovereign wealth fund Temasek plans to directly invest in the South Korean stock market for the first time, using its own capital to build direct positions in Samsung Electronics and SK Hynix. According to South Korea’s Asia Economy, Temasek has recently contacted the South Korean government regarding investments in Samsung Electronics and SK Hynix and is assessing the timing of entry. The investment will be conducted directly by internal staff rather than outsourced to an external asset manager. Temasek views memory chips as the most undervalued part of the AI value chain. As of the end of June this year, the fund held stakes in Nvidia, TSMC and ASML, and is also an institutional investor in OpenAI and Anthropic. Its goal is to significantly raise AI-related investments as a share of its overall portfolio from the current 6% to as high as 15% over the next five years.

🔥SoSoValue Daily Crypto Hot News｜Aug 12, 2026 1/ ENS DAO formally established the foundation through a proposal, strengthening governance of the decentralized domain ecosystem – source 2/ Florida man charged by CFTC over $397 million crypto Ponzi scheme – source 3/ The U.S. SEC plans to advance the cryptocurrency issuance rule proposal, with the CLARITY Act potentially reaching a critical milestone in September – source 4/ Nasdaq enters the dark pool market, acquires LeveL Markets to strengthen its stock trading ecosystem – source 5/ CoreWeave Q2 Revenue Doubles, Backlog Tops $100 Billion; Shares Jump About 16% After Hours – source 6/ eToro plans to acquire TradeZero to accelerate its expansion in the United States – source 7/ Strategy will continue to increase its Bitcoin holdings this year – source 8/ River Markets completed an $8.5 million seed round, led by Haun Ventures – source 9/ Binance will list DOS/USDT Perps – source 10/ Manus will resume independent operations: some users need to back up their data before August 23 to complete the migration – source 🤖 Source｜ SoSo Value 24H Hot News ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagram

- 8:30 PM Wednesday (Beijing Time): U.S. July CPI (CPI y/y expected 3.4%, prior 3.5%; m/m expected 0.1%, prior -0.4%; core CPI y/y expected 2.5%, prior 2.6%; m/m expected 0.2%, prior 0.0%) ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagramq

📣 Wednesday 8/12/2026, Macro Newsletter 📈 Market Performance 📘U.S. Markets Mixed: - Dow -0.34%, Nasdaq -0.60%, S&P 500 -0.32%, Russell 2000 +0.32%. - 2-year U.S. Treasury yield -3.14bps to 4.2033%, 10-year yield -1.84bps to 4.6842%. - DXY +0.00% to 99.8112. - VIX -1.16% to 15.28. - Brent Crude +0.00% to 89.30, LBMA Gold -0.49% to 4369.8. 📘Chinese ADRs Broadly Lower: - USD/CNH +0bps to 6.7465. Nasdaq Golden Dragon China Index -2.95%, PDD -2.69%, BABA -3.38%, JD -4.63%, NTES -4.14%, LI -1.25%, XPEV -1.00%, NIO -4.15%. 📘European Markets Mixed: - FTSE 100 -0.17%, CAC 40 -0.13%, DAX +0.26%. EUR/USD +0.00% to 1.1543. 📘Asia (ex-China) & EM Mixed: - Nikkei 225 +2.08%, KOSPI +0.00%, SENSEX30 -0.49%, JCI -1.53%, VNINDEX -0.19%, MXX -1.32%. 📍📍Key Focus 📘U.S.-Iran progress: The U.S. and Iran reported ship attacks on Tuesday, but the situation remains under control. Pakistan and Qatar have released optimistic signals on negotiations, although a deal is still expected to take time. - Pakistan Defense Minister Asif said the U.S. and Iran are close to reaching “some form of arrangement,” with the situation once again moving in a direction favorable for reaching a peace arrangement or agreement. Pakistan Interior Minister Naqvi traveled to Tehran on August 11 for talks with Iranian officials. Qatar’s Foreign Ministry spokesperson said negotiations between Oman and Iran have entered an “advanced stage,” with positive feedback received from both sides and talks now at a critical moment. - U.S. officials said U.S. forces fired on a ship attempting to break the U.S. blockade of Iranian ports. The Wall Street Journal, citing U.S. officials, reported that a Panama-flagged vessel, the “Vela Nova,” attempted to breach the maritime blockade imposed by the U.S. on Iranian ports on Tuesday. After warnings from U.S. personnel, the vessel did not stop, and a U.S. military helicopter fired at the ship’s rudder. U.S. officials said the incident occurred in the Gulf of Oman, with no casualties reported. - Yemen’s Transport Ministry said that on Tuesday, a small cargo vessel in the Bab el-Mandeb Strait was suspected of being attacked by Houthi forces, killing four crew members. - Media reports said Trump’s Iran strategy has shifted back toward economic pressure. According to U.S. officials, Trump is reluctant to restart a full-scale war and remains cautious about diplomatic negotiations, so he has adopted a wait-and-see approach to allow financial sanctions and the U.S. maritime blockade of Iranian ports more time to take effect and pressure Iran’s economy. Cabinet-level officials and senior White House officials have recommended tightening existing sanctions and introducing new ones, which could become Trump’s most effective option to pressure the Iranian government into concessions. 📘Event: Hang Seng Indexes Company solicited market feedback on revisions to the Hang Seng TECH Index. The core changes focus on two areas: - Expanding technology-theme coverage: Industry classifications will be upgraded from the previous categories of internet, fintech, cloud, e-commerce, digitalization and smart technology to digital platforms and solutions, artificial intelligence, advanced hardware, robotics and automation, cloud, and frontier technology. Technology sub-themes will expand from 16 to 24. - Introducing a dual selection mechanism with grouped constituent selection, adding “revenue growth” as a screening metric, while increasing the number of constituents from 30 to 50. Forty constituents will be selected based on market capitalization ranking, while the remaining 10 slots will be filled from eligible companies not selected by market cap, ranked by revenue growth over the past 12 months. - The consultation period ends on September 18. Revised results are expected to be announced by the end of September, with constituent changes expected to take effect during the December index review. 📅Key Event Reminders (ET）

🔥SoSoValue Daily Crypto Hot News｜Aug 11, 2026 1/ Vitalik updated the Ethereum roadmap: quantum security, privacy protection, and AI-assisted formal verification have become new focal points – source 2/ The prediction market trading terminal Fireplace announces shutdown, with the website open until the end of September – source 3/ Crypto lost $110 million to hacks in July amid rising bug bounty activity: Immunefi – source 4/ Solstice Finance launches its first Strategy STRC structured product on Solana, with the junior token targeting an annualized return exceeding 20% – source 5/ .sol domain registration will be paused on August 17, and .sns domain registration is expected to open in September – source 6/ Prediction market platform Trepa announced it would shut down, and the final round of betting will end on August 12. – source 7/ Jupiter launches Lend v2, allowing the same funds to simultaneously earn lending interest and swap fee share – source 8/ Nvidia collaborates with multiple Wall Street financial giants to advance a $500 billion artificial intelligence financing initiative – source 9/ BlackRock says bitcoin sentiment is turning as decoupling from stocks takes hold – source 10/ Microsoft plans to release its next-generation MAIA 300 AI chip in September – source 🤖 Source｜ SoSo Value 24H Hot News ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagram

📘Large-model companies continue intensifying the cost-performance competition. - Anthropic canceled its planned price increase for Claude Sonnet 5 originally scheduled for late August. The initial pricing for Claude Sonnet 5 will remain permanent. When the model launched in June, input tokens were priced at $2 per million tokens and output tokens at $10 per million tokens. The company had originally planned to raise prices to $3 and $15 after August 31. - Anthropic is preparing to launch Claude Sonnet 5.5, internally codenamed “Fennec,” targeting DeepSeek. Reports suggest the context window may double to 2 million tokens, with faster inference and stronger agent capabilities. Overall performance is expected to approach flagship-level Fable 5, while pricing remains at the Sonnet tier. - Meta released Muse Glimmer, an open-weight model with 30 billion parameters. Users can download and run it locally on Mac or Windows PCs equipped with a single consumer-grade GPU, without continuously relying on cloud compute. The model is primarily designed for agent tasks such as programming, information organization and automated workflows. Muse Glimmer uses model distillation technology to learn from Meta’s more powerful Muse Spark model, reducing model size and compute requirements while retaining some reasoning and agent capabilities. Compared with large cloud-based models, its overall performance remains lower, but local deployment reduces inference costs, limits data uploads and allows developers to customize the model for specific needs, making it more suitable as a persistent AI assistant on personal devices. Meta also said it will release the open-weight version of its flagship Muse Spark 1.2 model in the coming weeks. 📅Key Event Reminders (ET） - Awaiting U.S. CPI data on Wednesday. ————————— Follow us on🔔 Website | X | Telegram | YouTube | Linkedin | TikTok I Facebook | Instagramq

📘Ahead of the leaders’ summit, China and the U.S. continue adding negotiating leverage, but actual implementation is unlikely; U.S. optical module stocks corrected first. - Overseas optical stocks weakened, with COHR down 14% and LITE down 10%, as multiple overseas sell-side firms believe a Chinese optical module ban is unlikely to be implemented. They view the export restriction as a tactical bargaining chip ahead of the China-U.S. summit in September and believe the restrictions will eventually be shelved to avoid seriously disrupting U.S. domestic AI deployment. - China’s Ministry of Commerce preliminarily determined that imported pecans originating from Mexico and the U.S. are being dumped, causing material injury to China’s domestic pecan industry. Starting August 11, importers of related products must provide corresponding deposits to Chinese customs. 📘AI continues attracting large-scale financing, while concerns over circular financing remain. - Nvidia announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish a dedicated compute financing platform, raising more than $500 billion in third-party capital for AI infrastructure development. Nvidia signed memorandums of understanding with the six financial institutions on August 10. The cooperation remains subject to final agreements. Nvidia will work with these firms to establish dedicated large-scale funding pools and provide financing support to Nvidia customers at attractive rates. - Pessimistic interpretations argue that Nvidia’s repeated announcements of large-scale guarantees, including a $250 billion guarantee related to OpenAI, highlight the AI capital-expenditure cycle’s dependence on innovative financing, leverage and healthy credit markets, increasing future risks. Nvidia shares fell 2.9%. - Intel announced plans to raise $15 billion through an underwritten public offering of common stock, with a 30-day underwriter option to purchase an additional $2.25 billion of shares, potentially bringing total proceeds to $17.25 billion. The company has not disclosed the offering price or number of shares. Proceeds will be used for general corporate purposes, mainly capital expenditures and working capital. Intel has raised its 2026 Capex plan from $18 billion to more than $20 billion and plans to continue advancing the 18A and next-generation 14A process nodes, seeking more external foundry customers to compete with TSMC. The financing will also support projects such as the expansion of its Ireland manufacturing facility.