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California Governor Gavin Newsom signed a bill prohibiting California public officials from issuing meme coins.

Aoni Electronics announced that its wholly-owned subsidiary Aoni Intelligent Technology (Zhongshan) Co., Ltd. has signed a procurement contract with Company A to purchase GPU computing power cards, with a total contract amount of 1.67 billion yuan (including tax). The contract has been officially signed and is effective.

TikTok's parent company ByteDance has signed a loan agreement totaling $29.6 billion with 28 banks, including HSBC and the Industrial and Commercial Bank of China. The loan has a term of three years, extendable up to five years, with an interest rate 0.68 percentage points above the benchmark rate. This is the second-largest loan in Asia this year, following the $40 billion loan arranged by SoftBank in March.According to Bloomberg, ByteDance plans to use this loan for general corporate purposes to advance its artificial intelligence development goals. The company previously borrowed $10.8 billion from about 20 lenders in 2024, and the initial size sought for this loan was $20 billion. ByteDance was valued at approximately $550 billion in February this year, and Bloomberg reported in May that the company is considering investing up to $70 billion in data centers and other AI infrastructure by 2026.As the loan news was released, Elon Musk, Anthropic CEO Dario Amodei, and OpenAI CEO Sam Altman called for a slowdown in the AI race, expressing concerns about safety issues. Additionally, a report from Bitcoin Suisse predicts that the largest hyperscale computing companies in the U.S. will spend over $800 billion this year, exceeding $1 trillion by 2027.

Jack Yi stated that Bitcoin has risen for five consecutive days since the upward trend began on August 17, and entered a correction phase on August 22, with a correction period of about 19 days. He believes that this phase is a normal upward adjustment in the bullish process, with a range width of about $6,000, and the upper resistance level around 823.He pointed out that a bull market does not rise in a straight line, and market conditions are constantly changing. It is not advisable to short during a bullish trend, while attention should be paid to daily level adjustments. In addition to the overall market, there have been signs of a local bull market recently in RH on-chain, ZEC, and trading tokens, with market conditions approaching the strong bull market before 2020.

Anthropic researcher Jacob Coxon announced his resignation and is preparing to leave the AI industry. He has conducted pre-training research at OpenAI and Anthropic over the past three years. He pointed out that neither company has responsibly advanced AI and are competing to create superintelligence that can continue to enhance its own capabilities, "betting our lives on it."He switched from OpenAI to Anthropic this year because the latter places more emphasis on model safety. Coxon acknowledged that Anthropic's safety work is serious, but believes that as long as companies are racing to be the first to create AGI (artificial general intelligence that surpasses humans in a wide range of tasks), safety compromises are unavoidable, and self-discipline from a single company cannot solve the problem. His assessment of the two companies is: many people inside OpenAI still do not truly realize how great this risk is; Anthropic knows the risks but believes others are unreliable, so they must create it themselves first.Coxon stated that some AI practitioners are much more pessimistic privately than they express publicly, and are even worried that AI could destroy humanity before the end of this decade. He personally judges that in the most radical scenario, AI could go out of control by the end of next year, so such decisions should not be made solely by the engineers of a few companies.

According to TheEnergyMag, Argo Blockchain's CEO Justin Nolan has stepped down on August 30. Under the terms of the agreement, Justin Nolan will receive a one-time cash compensation of $250,000, which will be subject to standard tax withholding. The agreement will officially take effect after the seven-day period expires and the right of rescission has not been exercised.During the board's search for a successor, the current management team will be responsible for daily operations under the supervision of the board. The company is specifically seeking candidates with experience in capital raising and operational execution in the data center and artificial intelligence technology sectors.

Kuaishou (01024.HK) announced that on August 31, 2026, Beijing Keling entered into joining agreements with the National Artificial Intelligence Fund and Charoen Pokphand Robotics.Accordingly, the National Artificial Intelligence Fund and Charoen Pokphand Robotics each agreed to become additional investors and parties to the capital increase agreement, injecting cash capital of RMB 1.4 billion and approximately USD 19.29 million (equivalent to approximately RMB 131.45 million) into Beijing Keling, respectively.

On August 25, BitMEX co-founder Arthur Hayes stated that his over-the-counter brokerage has begun inquiring about the demand for dollar lending. Although current interest rates remain low, he believes this may indicate that basis trading is returning, and mentioned that Ethena-related token ENA may benefit from this.

Google Cloud signs enterprise artificial intelligence framework agreement with Verizon (VZ.N).

Blue Cloud Software Technology Solutions Company has signed a master service agreement worth $150 million with SpaceX Malaysia.

Hudson River has signed a multi-billion dollar artificial intelligence deal with Coreweave (CRWV.O).

Bitcoin mining company Bitdeer has signed a five-year underwriting agreement worth approximately $400 million, covering about half of the capacity of its 9.5 MW AI cloud facility located in Malaysia.Bitdeer aims to increase the capacity of its AI cloud data center to a maximum of 350 MW before the first quarter of 2028, with an active project pipeline exceeding $2 billion.

The Federal Reserve meeting minutes show that participants believe the labor market conditions are stable and supply and demand are balanced. Some participants pointed out that signs of weakness in the labor market still exist, including low employment rates and high long-term unemployment rates.The demand for technical workers in AI-related industries is strong, and wages have risen significantly. Overall nominal wage growth is moderate, but there are upward risks for future wage growth.

According to The Block, Bitcoin mining company HIVE Digital Technologies has signed a five-year GPU cloud service agreement worth approximately $350 million through its subsidiary BUZZ High-Performance Computing, with a client that has not been disclosed as an investment-grade enterprise.The contract is expected to add approximately $70 million in annual revenue for HIVE, bringing BUZZ HPC's total annual revenue to about $180 million.

According to The Information, Microsoft's self-developed artificial intelligence chip project has shown signs of recovery after experiencing a slow start.

Nansen founder and CEO Alex Svanevik stated that Bitcoin's current price of around $60,000 may have marked the low point of this cycle. "Personally, I don't think Bitcoin will go below $60,000 again; I believe that's in the past, and I think it's forever." Alex Svanevik said this judgment is based on Bitcoin's positioning as a hedge against global central bank currency expansion, and he has not seen signs that the global monetary easing cycle is about to end. At the same time, the crypto industry is undergoing a fundamental transformation; crypto assets were previously in the toy world of blockchain and are now entering the real world era.In terms of the public chain ecosystem, Svanevik holds a long-term bullish view on Solana, stating that the perception of it as merely a meme coin chain is completely absurd. He believes Solana has "possibly the most effective BD team" and "an incredible team." However, Svanevik declined to translate this judgment into a specific price prediction for SOL—"Intuitively, I would think it will rise, but I can't be sure." Svanevik is also optimistic about the Robinhood chain, which just launched in July this year, believing it is rising as a strong competitor to Base due to its excellent user distribution capabilities. However, he judges that Robinhood is unlikely to issue a token—on one hand, it doesn't need to, and on the other hand, as a publicly traded company on NASDAQ, issuing a token would logically contradict competing with its own stock, "All value should be directed to HOOD stock."

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that stablecoins in the crypto market are still continuously flowing out. In the past month, the total market value of stablecoins has decreased, with USDT dropping from $184.2 billion to $183.1 billion, and USDC falling from $73.28 billion to $72.15 billion, a total reduction of $2.23 billion.Currently, this funding situation shows no signs of a bull market starting. Bitcoin may rebound to the range of $68,000 to $70,000 at most, followed by a final drop after squeezing out the shorts.

U.S. President Trump officially signed the executive order on polysilicon tariffs.

According to Jinshi reports, SoftBank Group signed a loan agreement worth $10 billion in August 2026, using OpenAI shares as collateral.