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first_img Jeff Booth stated that the $1 million Bitcoin target is too small and believes that the dollar-denominated system is manipulated

Writer and author of "The Price of Tomorrow," Jeff Booth, stated in a video interview with Bitcoin Magazine that the price target of $1 million for Bitcoin is "thinking too small." He believes that pricing Bitcoin in a constantly depreciating fiat currency is equivalent to valuing it within a system manipulated by currency devaluation, making such a target invalid. In his view, Bitcoin is not just a token or an asset, but the beginning of a decentralized, secure, and privacy-focused protocol stack, which will ultimately resemble the internet, and it is also the first true free market in human history.In the interview, Booth also discussed AI valuation and technological deflation. He believes that a free market will drive the prices of AI services toward zero, and this deflationary force brought by AI will conflict with a monetary system built on debt. He mentioned the United States' debt of up to $40 trillion, bond yields, and a financial system that is approximately $350 trillion in size and essentially insolvent, linking AI singularity theory, market fear, and monopolistic regulation.In the longer-term section, Booth talked about the adoption timeline of Bitcoin and emphasized that Bitcoin is not just an asset. He also discussed the global expansion of Bitcoin payments and the circular economy, as well as ideas such as private equity supported by Bitcoin and permanently held enterprises, outlining a deflationary future priced in Bitcoin.

PitchBook provided a valuation scenario for Kalshi, with a maximum of 42.1 billion USD

According to a 46-page report from financial investment data company PitchBook, the market platform Kalshi has a baseline scenario valuation of approximately $30.4 billion, a peak valuation of about $42.1 billion during strong market performance, and a pessimistic scenario of $22.8 billion. Kalshi completed a $1 billion Series F financing in May this year, with a post-money valuation of $22 billion.PitchBook expects Kalshi's revenue to reach $6.4 billion by 2030, with adjusted profits reaching $3.7 billion, and believes that partnerships with platforms and market makers such as Robinhood and Susquehanna will help consolidate market share. The report lists the regulatory risks of the sports prediction market as a key variable affecting valuation, with data showing that the sports market currently contributes about 69.9% of Kalshi's event fee revenue; if Exotics products such as multi-event combinations are included, the proportion rises to 82.4%.Several states in the U.S. and Native American tribes are suing over the legality of Kalshi's sports prediction products, and related cases have created discrepancies between federal appellate courts, with the Supreme Court expected to intervene next year. PitchBook believes that even if the final ruling is unfavorable to Kalshi, the company may still adjust its business model through state-level licensing and the development of non-sports prediction products, but a significant decline in sports revenue will still notably impact its growth expectations.

Grass: The revenue on the books for the first half of this year is approximately 14.5276 million USD

The decentralized bandwidth sharing and AI data infrastructure project Grass announced that its wholly-owned subsidiary Grass DataCo Ltd. provides data infrastructure to cutting-edge model training AI laboratories and released an independent revenue verification completed by Regen Financial, covering until the second quarter of 2026. Grass stated that the revenue generated from customer contracts goes directly to Grass DataCo Ltd., rather than Wynd Labs; Wynd Labs is an independent vendor that assists in product development and engages in sales and marketing, and this structure is designed to keep DataCo's revenue within the Grass ecosystem.The verification document shows that it reviewed 100% of the work orders for two periods and traced them back to cash receipts: Period One is from March 14, 2025, to December 31, 2025, with a reported revenue of approximately $17.5869 million, and cash receipts verified at approximately $16.2395 million; Period Two is from January 1, 2026, to June 30, 2026, with a reported revenue of approximately $14.5276 million, and cash receipts verified at approximately $11.3514 million. The total reported revenue for both periods is approximately $32.1145 million, with verified cash of approximately $27.5909 million, and the discrepancy of approximately $4.5236 million is explained as the portion that has not yet been independently confirmed through cash receipts as of the program date, largely related to long-term contract deliveries and an approximately 60-day payment cycle. The document also notes that this is a due diligence procedure and not an audit or assurance engagement, and it does not express an opinion on the overall financial statements.Grass stated that it will reinvest most of its revenue back into the business; it has pre-purchased computing and storage for 2025, claiming that this move has reduced network operating expenses by an average of over $2.5 million per month, and it states that this is one of the direct reasons for achieving profitability at present. The project claims it will continue to build the ecosystem centered around tokens and will consider financial transparency as part of establishing trust with network participants and token holders.
2026-09-22

first_img Licheng, Jingyuan Electronics, and Silergy experienced a double increase in revenue in August, and Licheng's panel-level packaging capacity has been fully booked

Licheng, Jingyuan Electronics, and Silergy all reported year-on-year and month-on-month revenue growth in August, with Licheng and Silergy setting new historical highs for two consecutive months. Licheng's consolidated revenue in August was 8.558 billion New Taiwan Dollars, a month-on-month increase of 3.48% and a year-on-year increase of 24.46%. After breaking the 8 billion mark for the first time in July and setting a historical high, August saw another record. The cumulative revenue for the first eight months reached 61.258 billion New Taiwan Dollars, a year-on-year increase of 30.83%. Jingyuan Electronics reported revenue of 4.08 billion New Taiwan Dollars in August, a month-on-month increase of 2.23% and a year-on-year increase of 31.58%. The cumulative revenue for the first eight months was 29.404 billion New Taiwan Dollars, a year-on-year increase of 35.53%. Silergy's revenue in August was 2.07 billion New Taiwan Dollars, with a month-on-month increase of nearly 3% and a year-on-year increase of nearly 29%. The cumulative revenue for the first eight months reached 15.26 billion New Taiwan Dollars, a year-on-year increase of over 20%.Licheng's main source of growth this year remains the rebound in demand for memory packaging and testing. Licheng previously anticipated that revenue in the third quarter would show single-digit quarter-on-quarter growth, with the fourth quarter having the potential to exceed the third quarter. The momentum for memory orders is expected to continue until the end of the year, with a positive market outlook at the beginning of next year. In addition to its core memory business, advanced packaging has become a key focus for the next phase of development. The panel-level packaging has already been adopted by American clients, and the production capacity of the P11 plant has been secured by clients, with plans to enter the mass production phase of integrated ASIC and HBM AI chips by mid-2027.Jingyuan Electronics has been actively expanding its high-end testing capacity in recent years, with AI-related products becoming an important driving force for its operations. The testing demand for AI GPUs, ASICs, and high-performance computing chips remains its main source of growth. Silergy pointed out that the demand for AI and high-speed interconnects is strong, including an increase in demand for high-performance computing chips such as CPUs, GPUs, ASICs, and AI accelerators. After completing the cleanroom construction at the newly acquired Hukou plant in February, Silergy began mass production in July, currently achieving 40% of the total capacity of the plant and gradually taking on new demand from overseas clients.

first_img The first batch of RTX Spark models from ASUS and MSI has been fully booked

The RTX Spark series PCs developed by NVIDIA in collaboration with MediaTek are expected to launch this fall. Microsoft and more game developers have recently announced updates and support for this platform. The first batch of orders from ASUS and MSI has been fully booked, and they are actively seeking more allocations from NVIDIA. ASUS co-CEO Hu Shubin pointed out that channel customer bookings have exceeded expectations, with the initial supply completely reserved, and they are actively placing additional supply orders with NVIDIA, holding a highly optimistic outlook for next year's sales. MSI's product manager Peng Renfang revealed that customers from mainland China, Taiwan, and the United States are actively placing orders, with the first batch of laptops equipped with the high-end N1X chip nearly sold out, and they are actively following up with NVIDIA for more orders.The RTX Spark super chip is built using TSMC's 3-nanometer process, featuring NVIDIA's Blackwell RTX GPU connected to a 20-core Grace CPU, utilizing a Windows on Arm architecture. NVIDIA CEO Jensen Huang noted that RTX Spark brings together CUDA, RTX, and AI platforms into a single super chip, allowing ground agents, front-end models, creative workflows, and RTX games to run on laptops, "This is the new PC, personal AI computer." The processors are divided into the high-end N1x and the mainstream N1, with the actual selling price of PCs equipped with N1x yet to be announced, but the market generally believes it will start from 110,000 yuan. The first wave of partner brands includes ASUS, MSI, Dell, HP, Lenovo, Microsoft, Acer, and Gigabyte will also follow suit. NVIDIA recently announced at Gamescom 2026 in Germany that multiple game developers are bringing various games to join the RTX Spark lineup.
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