Odaily News: Nick Timiraos, the "Fed Whisperer," posted on X platform that core PCE rose 0.25% month-over-month in July, translating to an annualized rate of 2.99%. This increase remains largely unchanged from July 2025, keeping the year-over-year core PCE growth at 3.34% (compared to 2.86% in July 2025). On an annualized basis, the 3-month annualized growth rate of core PCE is 3.0%, while the 6-month annualized growth rate is 3.5%.
Odaily News: The US annual inflation rate unexpectedly held steady in July, marking the 65th consecutive month it has remained significantly above the Federal Reserve's 2% target. The pause in the decline from recent elevated inflation levels, impacted by the Iran war, may intensify the internal debate within the Fed over whether to raise rates or hold them steady.
Data released by the Bureau of Economic Analysis on Wednesday showed that the Fed's preferred gauge, the US PCE price index, rose 3.7% year-over-year in July, unchanged from June and slightly above analyst expectations of 3.6%. With trade talks between the US and Canada, its second-largest trading partner, breaking down on Friday, a new wave of tariff-driven inflationary pressures may be on the horizon.
On a month-over-month basis, the PCE price index rose 0.2% in July, also exceeding economist forecasts. In June, the index had declined 0.1% month-over-month, the lowest level since April 2020. The Bureau of Economic Analysis also updated second-quarter economic growth data, keeping the annualized growth rate of real gross domestic product (GDP) unchanged at 1.5%. (Jin Shi)
Odaily News: Market pricing indicates a slight increase in expectations for a Federal Reserve rate hike next month, following the release of U.S. government data showing that the inflation gauge closely watched by the Fed rose 3.7% year-over-year in July, slightly above economists' forecasts. Data from interest rate futures show that after the release, the market priced in approximately a 42% probability of a Fed rate hike in September, up from around 36% before the data was published.
Odaily reported that MiniMax disclosed at its mid-2026 results conference on the evening of August 26 that the company's annual recurring revenue (ARR) has surpassed $800 million in August, with Q2 revenue growing 81.8% quarter-over-quarter. July token consumption reached 20 times the January level, and B2B business now contributes over 80% of overall ARR.
MiniMax stated that in terms of computing power, the company is one of the first two independent large model companies in China to establish a large-scale, long-term stable infrastructure system. The infrastructure can now independently support the largest training tasks, with ETTR (Effective Training Time Ratio) reaching 97%.
Odaily News: Alibaba has released a smaller, more cost-effective Qwen AI model. (Jin Shi)
Odaily News Digital asset manager Grayscale Investments' Chief Legal Officer Craig Salm stated that the company's Zcash investment product has been upgraded to the world's first Zcash Exchange-Traded Product (ETP), marking a move of privacy-focused crypto assets into broader compliant investment channels. Following the launch of this Zcash ETP, investors can gain exposure to ZEC through SEC-registered traditional financial products. Grayscale noted that this signifies the Zcash ecosystem, after nearly a decade of development, is entering a new phase of institutionalization.
Salm recalled that Grayscale launched the Zcash Investment Trust in 2018, when the ZEC trust product was just one of four products offered by the company. After years of regulatory engagement, the product was recently converted into the Zcash ETP, with the ticker symbol ZCSH. The process of bringing the Zcash product to the public market was not easy. Due to ZEC's privacy features, the company underwent greater regulatory scrutiny when launching its first publicly quoted Zcash fund in 2021, but ultimately completed the product rollout.
Data shows that the adoption rate of Zcash's private transaction features has been steadily rising recently. In February 2026, ZEC shielded transactions reached an all-time high of 59.3% of total transactions, and after the latest Ironwood upgrade, it has again approached this level. Currently, the shielded pool holds approximately 4.4 million ZEC, accounting for about 26% of the circulating supply.
Odaily News: According to Gate data, the U.S. dollar index (DXY) rose nearly 10 points in the short term, reaching 99.03. Spot gold fell $11 in the short term, now trading at $4,619 per ounce.
The U.S. annual PCE price index for July came in at 3.7%, unchanged from the previous month, while the market had expected a slight decline to 3.6%.
Odaily News: The revised annualized quarterly rate of real GDP for the second quarter in the United States is 1.5%, consistent with the initial value and in line with market expectations. The annual rate of the core PCE price index for July in the United States is 3.3%, unchanged from the previous month and in line with market expectations. (Jin Shi)
Odaily reported that the U.S. real GDP annualized quarterly rate for the second quarter was revised to 1.5%, compared with the expected 1.50% and the previous value of 1.50%. (Jin10)
Odaily News: The U.S. core PCE price index rose 0.2% month-over-month in July, in line with expectations of 0.20%, and up from the previous 0.10%. (Jin Shi)
Odaily reported that MSCI is considering new rules that could remove companies primarily engaged in asset accumulation rather than operating businesses from its global equity indices, which may put new financing pressure on Strategy. If this methodology were applied using May data, Strategy, Japan's bitcoin reserve company Metaplanet, and uranium investment company Yellow Cake would be removed. Strategy has so far funded the purchase of over $60 billion in bitcoin through securities issuance. A potential index removal could shrink the pool of investors required to hold its stock, weaken demand for the shares, and increase the difficulty of continuing to raise funds to buy bitcoin.
Odaily星球日报讯 芯片制造商英伟达于 8 月 26 日发布面向边缘 AI 的 Jetson Orin Nano 2，计划于明年上半年上市。该产品可提供 78 TOPS 算力，配备 8GB 内存和八核 Arm CPU，面向高能效视频处理场景。
Jetson Orin Nano 2 的推理性能较前代 Jetson Orin Nano Super 提升一倍，采用相同外形尺寸，并升级 Tensor Cores 及内存带宽。其 15 瓦模式下功耗降低 40%。
Cognex、Doosan Bobcat、Matic 和 Wing 可能成为该产品客户，相关公司正将 AI 能力用于智能无人机、家用机器人和视觉 AI 应用。英伟达同时提供载板、硬件系统、参考方案及大语言模型和视觉语言模型软件支持，支持 英伟达 Cosmos、Nemotron、Gemma 4 和 Qwen 3 等开放模型。（TheElec）
Odaily News: MicroBit today launched Hong Kong's first Bitcoin and gold exchange-traded fund on the Hong Kong Stock Exchange.
Odaily News In premarket trading, here are the key market and financial news investors need to watch:
1. The three major U.S. stock index futures are mixed. Dow Jones futures are up 0.11%, S&P 500 futures are down 0.05%, and Nasdaq 100 futures are down 0.28%.
2. International oil prices continue their decline. WTI crude oil futures are down 2.46% to $80.338 per barrel; Brent crude oil futures are down 2.12% to $85.420 per barrel.
3. International spot gold and silver prices are mixed. Spot gold is down 0.72% to $4,625.02 per ounce; spot silver is up 0.09% to $68.70 per ounce.
4. Europe's three major stock indices are edging higher. The UK's FTSE 100 is up 0.03%, France's CAC 40 is up 0.59%, and Germany's DAX 30 is up 0.45%.
5. Nvidia will release its Q2 fiscal 2027 earnings in the early hours of August 27 Beijing time. The market expects the company to report Q2 revenue of $92.2 billion and earnings per share of $2.09, while market expectations for Q3 revenue guidance have already risen to $103.7 billion.
6. Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to Nvidia in the second half of this year. It is understood that the 8-layer memory is highly likely to become the flagship product for the next-generation HBM4E.
7. SpaceX has announced plans to build a new Starship rocket launch site in southern Louisiana, with a total investment of $100 billion. Construction is set to begin next year, with the first Starship launch mission expected to take place in 2029.
8. Anthropic may disclose to IPO investors that its total addressable market (TAM) exceeds $30 trillion, and is seeking an IPO valuation of approximately $2 trillion, potentially raising up to $100 billion.
9. SoftBank Group is reportedly in discussions with investment banks regarding a potential bond issuance of $10 billion to $20 billion to help refinance its investment in OpenAI.
10. Waymo, Google's autonomous driving company, will launch autonomous driving tests in Munich, Germany, with plans to officially roll out ride-hailing services by the end of next year.
11. Barclays strategists noted that the continued expansion of U.S. AI infrastructure is sparking voter backlash, which could introduce political risks to the market's favored AI trades ahead of the U.S. midterm elections.
Odaily News - Ripple's stablecoin RLUSD has surpassed a $2 billion market cap, becoming one of the fastest-growing projects in the stablecoin market.
Data shows that RLUSD's total issuance currently stands at approximately $2 billion, with about $963 million deployed on the XRP Ledger and approximately $1.1 billion issued on the Ethereum network. Ripple previously stated that RLUSD will integrate with its global payment network to provide enterprises and financial institutions with more efficient on-chain liquidity solutions. (CoinDesk)
