Odaily News: World Liberty Financial announced that the Office of the Comptroller of the Currency (OCC) has granted preliminary conditional approval for the establishment of World Liberty Trust Company (WLTC), a national trust bank. The bank is intended to specialize in stablecoin services, and will be responsible for the issuance and redemption of the USD1 dollar stablecoin, reserve asset management, and digital asset custody for institutional clients. World Liberty Financial is closely associated with the Trump family. The company was founded in 2024 with participation from members of the Trump family and the Witkoff family, among others. Trump himself is listed as an "honorary founding member" of the company, and his sons are also involved in its business operations.
Odaily News: As the Korean stock market rebounds from its lows, local investors in Korea have once again aggressively purchased domestic stocks on margin. According to statistics from the Korea Financial Investment Association (KOFIA), as of Thursday, the margin debt balance used for stock purchases reached 30.93 trillion Korean won (equivalent to $21.8 billion), up from 27.44 trillion Korean won on August 3. This surge in margin financing comes amid a sharp recovery in market heavyweights such as Samsung Electronics and SK Hynix from the volatility triggered by concerns over profitability of AI-related investments. Analysts believe that, given the easing of concerns related to AI investment, there are no immediate signs of the Korean stock market cooling down, and the scale of margin financing may continue to rise for some time, potentially reaching new highs.
Odaily News: Recently, SK Hynix Chairman Choi Tae-won gave an exclusive interview to the media at the company's headquarters in South Korea. During the interview, he once again emphasized the explosive growth in memory demand and stated that the most severe "memory shortage" will occur next year.
He noted that demand for memory from the AI ecosystem has already exceeded SK Hynix's supply capacity. "Current demand is explosive," Choi said. "All my customers are requesting nearly double the supply volume of their original needs." He stated that capacity expansion could take four to five years, describing the scramble among companies for memory chips as "like a war." Without sufficient memory, customers "cannot produce AI computing devices or AI chips." He also added that as demand for AI servers continues to surge, HBM high-bandwidth memory is in short supply, with many tech giants even arriving in South Korea early to secure long-term agreements.
Choi also warned that next year could see the most severe memory shortage in history. He compared today's AI to a four-year-old child, noting that as the industry matures, memory demand will grow substantially. He predicted that AI agent usage could increase 77-fold within five years. (Cailian Press)
Odaily News, August 14 close: Shares of Space Exploration Technologies Corp. (SpaceX) closed at $140 per share, with a total market capitalization of $1.85 trillion, up 3.7% cumulatively from the offering price, successfully recovering nearly 50% of the post-listing pullback.
According to recently disclosed 13F filings, as of the end of Q2 2026, Harvard University's Harvard Management Company (HMC) held total US equity positions of $4.26 billion, of which SpaceX accounted for the lion's share with 12.9351 million shares valued at $2.21 billion, representing a weight of 51.9%.
The University of California system disclosed approximately $1 billion in SpaceX holdings; at the University of North Carolina system, SpaceX represents approximately 10% of the endowment fund (Odaily note: public information shows the fund is approximately $15 billion in size), primarily stemming from early joint investments with Founders Fund; Washington University in St. Louis has a holding ratio of 14%-16%, and its $13.4 billion endowment fund has benefited significantly from a direct capital injection in 2018 and indirect follow-on investments; Stanford University also holds substantial positions through top venture capital firms such as Sequoia Capital and a16z. Most of these universities entered when SpaceX was valued at only a few hundred million dollars in its early startup phase, fully capturing the valuation leap from the primary market to the secondary market, once again validating the core logic of ultra-long-term capital, exemplified by the Yale model, enhancing returns through venture capital. (Interface News)
Previously reported: Harvard University holds a heavy position of $2.2 billion in SpaceX stock.
Odaily reported that multiple overseas ETFs are focusing on Chinese chip stocks, signaling a positive trend of international capital increasing allocations to Chinese tech assets. Recently, the Roundhill Memory ETF (DRAM), which focuses on the memory chip supply chain, adjusted its holdings. As of the close on August 14, A-share memory company ChangXin Technology accounted for 4.52% of the fund's weight, ranking as its sixth-largest holding. GigaDevice, which was first included in the fund in June this year, holds a weight of 1.16%. U.S. actively managed ETF institution Tema ETFs recently announced that it has added ChangXin Technology to its Tema Memory ETF (DISK), a product focused on the memory chip industry. As of the close on August 14, the holding ratio stood at 7.54%.
1. Chip stocks rebound fails to ease concerns, short selling scale in Korea market continues to climb;
2. Duan Yongping reduced holdings in Nvidia and Google in Q2, opened new position in Alibaba;
3. Serenity: AI supply chain boom is far from over, long-term demand may surge in storage, packaging, power and other segments;
4. Morgan Stanley increased its BTC holdings by approximately 111 coins again, pushing total holdings above 6,600 for the first time;
5. Gaoyi Asset Management adjusts Q2 positions: Micron and SanDisk significantly increased, Nvidia and other tech stocks reduced;
6. Harvard University holds $2.2 billion position in SpaceX;
7. SEC reviews Cboe's listing applications for six 3x leveraged commodity ETFs, covering Bitcoin and Ethereum.
Odaily News "White-Haired Stock God" Serenity shared insights on the AI industry chain on the X platform, noting that AI infrastructure demand is driving multiple sectors—including storage, advanced packaging, computing power financing, optical communications, power supply, and electronic components—into a long-term expansion cycle. The AI supply chain remains in a phase of rapid growth.
In the storage sector, Serenity cited UBS forecasts indicating that traditional DRAM manufacturers (such as Micron) could see gross margins reach an unprecedented 95% by 2027, potentially even surpassing the gross margin levels of HBM products. Additionally, SanDisk's long-term agreements already cover approximately two-thirds of its 2028 production capacity, with minimum contracted revenue reaching $93 billion. Given its current market cap of around $239 billion, this suggests its future revenue targets could persist for years, making it difficult to simply classify the company as a traditional cyclical stock.
On the cloud computing infrastructure front, CoreWeave has signed agreements to use Nvidia A100 GPUs through 2029. This is a positive development for emerging cloud computing companies such as Nebius and Iren, and it also weakens some investors' bearish thesis centered on the rapid depreciation of older GPUs.
AI model companies are also continuing to grow at a pace that exceeds expectations. Frontier AI labs are still maintaining extremely rapid growth rates, and a slowdown in growth would actually be a cause for concern. The market projects that Anthropic's 2028 revenue could reach $190 billion to $200 billion.
However, advanced packaging and semiconductor infrastructure remain core bottlenecks. The head of advanced packaging at TSMC has stated that in the coming years, the industry may face not only memory shortages but also tight supply of ABF substrates.
Serenity concluded that the AI infrastructure supply chain is continuously expanding. From GPUs, storage, and advanced packaging to power, optical communications, and electronic components, every segment is showing a long-term demand growth trend. The AI supply chain is still in a high-speed development stage.
Odaily News, GMGN data shows that the market cap of the Meme coin "Niu Lai" on the BSC chain has dropped sharply in the short term, now reported at $14.71 million, with a 1-hour decline of 36.01% and a 24-hour gain narrowing to 412.7%.
Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.
Odaily Odaily News: In an operation codenamed "Lightning Strike," Hong Kong police arrested 14 men and 3 women aged between 20 and 54, including 13 Malaysians and 4 locals. They also raided 3 locations and seized HK$3.67 million in cash, believed to be criminal proceeds.
The scam syndicate recruited Malaysians from overseas, arranging their flights and accommodation to come to Hong Kong as runners. They would pose as relatives of elderly victims, falsely claiming they had been arrested by police and demanding bail money, then arranging runners to collect the cash. Police investigations revealed that the syndicate collected a total of HK$4.67 million in fraudulent proceeds between June 4 and August 14.
The case involves 22 victims, with reported losses totaling HK$2.47 million. On August 14, police arrested 5 individuals, including 2 local men, 2 local women, and 1 Malaysian man, all of whom are currently detained for investigation. Police also recovered HK$200,000 in fraudulent funds. Police stated that some foreign currency or virtual currency exchange shops were exploited by the syndicate to process or transfer fraudulent funds, and reminded these shops to verify customer backgrounds, transaction purposes, and fund sources, while also watching for abnormal cash and virtual currency transactions. Conspiracy to defraud carries a maximum sentence of 14 years in prison. (HK01 NFT)
Odaily星球日报讯 据美国证券交易委员会（SEC）近日披露，高毅资产二季度末持有 19 只美股，持仓总市值约 9.79 亿美元，整体明显加码半导体及存储产业链。从持仓看，台积电、华住集团、拼多多、BOSS 直聘和携程位列前五大重仓股，持仓占比分别为 24.32%、17.20%、16.86%、15.51%和 4.21%，前五大重仓股合计占高毅资产二季度末美股持仓约 78.1%。
具体来看，高毅二季度大幅增持美光科技和闪迪，其中美光持股数量环比增加 283.48%，持仓市值约 3973 万美元；闪迪持股数量增加约 192%，持仓市值约 3638 万美元，两者分别位列第六、第七大重仓股。此外，高毅增持 BOSS 直聘、携程、贝壳、华住集团、百胜中国和拼多多；新建仓维谛技术、文远知行、Visa 和阿里巴巴。减持方面，高毅降低英伟达、网易、爱奇艺和雾芯科技仓位，其中英伟达和网易持股数量分别下降 72.41%和 76.47%，并清仓富途、Lumentum、小鹏汽车、蔚来等股票。
Odaily News According to a disclosure by the U.S. Securities and Exchange Commission (SEC), the total market value of H&H International Investment, managed by Duan Yongping, stood at approximately $19.1 billion at the end of Q2, down from around $20 billion at the end of Q1. During Q2, H&H continued to increase its stakes in Pinduoduo, Berkshire Hathaway Class B shares, and Disney, established a new position in Alibaba, significantly reduced its holdings in Nvidia, Google, and Microsoft, and exited its positions in TSMC and CrowdStrike.
Odaily News According to Arkham's monitoring, Morgan Stanley once again "bought the dip" yesterday, investing $7.03 million through its spot Bitcoin exchange-traded fund MSBT to add approximately 111.762 BTC. As of now, its total Bitcoin holdings have surpassed 6,600 BTC for the first time, reaching 6,675 BTC, valued at over $420 million.
