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Share link:In this post: Trump’s 15% revenue deal with Nvidia and AMD lets U.S. AI chips flow to China, affecting global semiconductor trade. The agreement keeps American chipmakers in the Chinese market while pressuring rivals like Huawei. China faces a trade-off between security concerns and its need for U.S. chips to advance AI capabilities.
Share link:In this post: • Crypto miners use 50 MWh of power intended for other consumers. • Inflicted losses exceed $16 million, Kazakhstan’s financial watchdog estimates. • Kazakhstan is yet to solve problems with electricity shortages caused by mining boom.
Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.
Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.
Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.
South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.
- 16:54Definitive Launches Cross-Chain Trading FunctionalityAccording to ChainCatcher, official information from the on-chain transaction execution platform indicates that Definitive has launched cross-chain trading functionality. It now supports gas-free cross-chain transactions and enables users to manage multi-chain investment portfolios from a single terminal. Supported chains include Base, Solana, Avalanche, Hyperliquid, BNB Chain, and others. In addition, DEFINITIVE offers aggregated and optimized trade routing features.
- 16:54Republic launches wallet and Launchpad supporting InjectiveAccording to ChainCatcher, investment platform Republic has announced an integration with Injective, launching the Republic Wallet and an exclusive Launchpad that support Injective. The initiative aims to enable direct interoperability between the Injective Layer 1 blockchain and Republic’s tokenized investment ecosystem.
- 16:48Probability of a Fed Rate Cut in September Drops to 71.5%According to ChainCatcher, CME "FedWatch" data shows there is a 28.5% probability that the Federal Reserve will keep interest rates unchanged in September, and a 71.5% probability of a 25 basis point rate cut. Previously, it was reported that initial jobless claims in the US for the week ending August 16 reached 235,000, compared to the expected 225,000 and the previous figure of 224,000.