24H Hot Coins & Headlines | Nvidia Releases Q2 Earnings; HSBC Hong Kong Requires Clients to Confirm Fund Sources by September 12 (August 27)
- Key Takeaways: The market presented a divergent landscape this period, with AI and crypto infrastructure taking center stage: Nvidia's revenue beat expectations, approaching the $100 billion mark, the SEC proposed reforming crypto custody rules, Ethereum advanced its quantum-resistance upgrade, and traditional finance giant JPMorgan evaluated launching a stablecoin.
- Key Elements:
- Nvidia reported Q2 revenue of $96.2 billion, up over 100% year-over-year, with next quarter expected to break the $100 billion milestone for the first time, underscoring sustained explosive demand for AI computing power.
- The U.S. SEC submitted a draft proposal to the White House, aiming to reform custody rules for investment advisers' crypto assets, removing outdated requirements to clarify the compliance framework.
- Ethereum researchers proposed a new EIP to restructure the validator deposit contract to support quantum-resistant signatures, addressing potential future threats from quantum computing attacks.
- JPMorgan recently evaluated launching its own stablecoin, having previously explored institutional-grade blockchain payments and tokenization applications through the Kinexys platform.
- CEX market performance diverged: SOL led major coins (+4.04%), BICO topped the gainers list (+29.52%), and trending on-chain Meme coins focused on Solana and Robinhood Chain.
- Hyperliquid, together with tradeXYZ, urged the CFTC to approve energy perpetual contracts, emphasizing that blockchain can provide round-the-clock risk hedging channels.
1. Trending Tokens on CEXs
Top 10 by CEX trading volume and 24-hour price change:
- BTC: -0.12%
- ETH: +1.64%
- XRP: -2.43%
- SOL: +4.04%
- BNB: +1.15%
- ZEC: +3.69%
- DOGE: +0.24%
- TRX: -0.03%
- RE: -7.85%
- ENA: -3.1%
Top 24-hour gainers (data source: OKX):
- BICO: +29.52%
- ONT: +22.37%
- xOKTA: +21.56%
- CVX: +20.01%
- ARG: +18.3%
- LSK: +16.2%
- NAVX: +15.35%
- S: +15.25%
- xCRM: +14.9%
- KITE: +12.5%
Top 24-hour tokenized stock gainers (data source: msx.com):
- SRM.M: +51.49%
- LITX.M: +18.84%
- WDCX.M: +15.49%
- TTMI.M: +13.97%
- MVLL.M: +13.32%
- CRM.M: +12.89%
- CRWD.M: +12.74%
- STXX.M: +12.13%
- SIMO.M: +11.67%
- COHX.M: +11.55%
- NCTY.M: +10.3%
- AAOX.M: +10.14%
2. Top 5 On-Chain Meme Coins (data source: GMGN):
- fone (Solana)
- CLAN (Robinhood Chain)
- BISCOTTI (Robinhood Chain)
- Dundun (BSC)
- Shiba Bro (BSC)
Headlines
Chip designer Nvidia reported fiscal Q2 2027 results with revenue of $96.221 billion, more than doubling year-over-year, exceeding both the company's guidance of $91 billion and market expectations of $92 billion by over $4 billion. Operating profit stood at $63.734 billion, more than doubling year-over-year.
According to sources, HSBC Hong Kong has recently begun notifying some existing mainland Chinese investment clients, requiring them to submit a "Declaration for Opening/Maintaining Account" via the HSBC Hong Kong App by September 12 and update their contact information. The declaration includes confirming that funds for investment activities come from legitimate sources outside mainland China, and that the bank may disclose personal information upon request from law enforcement or regulatory authorities. The notice also states that investment-related services may be suspended if the declaration is not submitted by August 20, and may be terminated if not submitted by September 12.
Bank of Korea Raises Rates by 25 Basis Points
The Bank of Korea announced a 25 basis point rate hike, raising its benchmark rate from 2.75% to 3.0%, marking the second consecutive meeting with a rate increase and in line with market expectations.
Industry News
US July Core PCE Price Index Rose 0.2% Month-over-Month, In Line with Expectations of 0.20%; US Q2 Real GDP Revised Up to 1.5% Annualized, In Line with Expectations of 1.50%, Prior 1.50%
US SEC Submits Draft Proposal to White House to Reform Crypto Custody Rules
The US Securities and Exchange Commission (SEC) has submitted a new rule proposal to the White House Office of Management and Budget (OMB) concerning investment advisors' custody of client digital assets. The rule aims to clarify the framework for investment advisors and investment companies to custody crypto assets, and plans to remove certain existing custody requirements deemed outdated due to market evolution and current trading and custody practices. The proposal will need to undergo OMB review, SEC commissioner vote, and public comment period before taking effect.
Trump Has Not Yet Determined Successor for White House Press Secretary Levitt
Trump has not yet identified a successor for White House Press Secretary Karoline Leavitt. Leavitt's last working day is this Friday.
JPMorgan Recently Evaluated Launching Its Own Stablecoin
According to sources familiar with the matter, JPMorgan recently evaluated launching its own stablecoin. As one of the world's largest banks, JPMorgan has previously explored institutional-grade blockchain payments and tokenization applications through its blockchain platform Kinexys, and has launched digital asset solutions for institutional clients.
Project News
MINIMAX: H1 Revenue Reached $117 Million, Up 283.1% Year-over-Year
MINIMAX-W (00100.HK) announced on the Hong Kong Stock Exchange that its H1 2026 revenue reached $117 million, up 283.1% year-over-year. The period saw a loss of $358 million, down 11% year-over-year. Gross profit was $20.813 million, up 464.8% year-over-year.
Hyperliquid Policy Center Jointly Calls on CFTC to Approve Energy Perpetual Contracts with tradeXYZ
The Hyperliquid Policy Center, together with tradeXYZ, submitted a joint comment letter to the US Commodity Futures Trading Commission (CFTC), calling on regulators to include energy perpetual contracts in the US regulated derivatives market. The two companies stated that during unexpected events such as Middle East conflicts, when traditional energy markets are closed, market participants lack tools for real-time management of crude oil risk, while blockchain-based perpetual contract markets can provide 24/7 price discovery and risk hedging channels.
Ethereum researchers have proposed a new proposal to restructure the deposit contract used for validators to join the network, preparing for future defense against quantum computing attacks.
The proposal aims to upgrade Ethereum's validator registration mechanism by adding cryptographic algorithm switching functionality, enabling the network to support quantum-resistant signature schemes in the future. Currently, Ethereum validators use BLS signatures to verify transactions, and the elliptic curve cryptography this scheme relies on could theoretically be vulnerable to quantum computers running Shor's algorithm.
Anthropic to Lease AI Infrastructure Company Nscale's Data Centers for $45 Billion
Anthropic will lease data centers from AI infrastructure company Nscale for $45 billion. Nscale will provide computing power from its data centers in West Virginia and plans to invest $71 billion in developing the project. Anthropic will obtain 460 megawatts of computing capacity from NScale data centers.
Fundraising
Emerald AI Completes $150 Million Series A Round, Co-Led by Energize Capital and DCVC
Emerald AI, an AI data center power management software company, completed a $150 million Series A round at a valuation of $1.05 billion. The round was co-led by Energize Capital and DCVC, with participation from multiple financial and strategic investors. Following the round, the company's cumulative funding exceeds $220 million.
AI Startup Wrtn Completes Over $72 Million Series C Round at $870 Million Valuation
South Korean AI startup Wrtn Technologies announced the completion of a Series C round of approximately 100 billion KRW (about $72.32 million), at a post-money valuation of 1.2 trillion KRW (about $870 million). Participants included Coreline Ventures, Eugene Asset Management, Goodwater Capital, Antler Global, Woori Venture Partners, Sui Generis Partners, Korea Development Bank, and Capstone Partners. The company's platform allows users to create or enter fictional worlds and interact with AI characters. The new funds will be used to accelerate global market expansion.
AI Agent Development Company Runable Completes $21 Million Series A Round, Led by SVC and Others
Runable, an AI agent development company, announced the completion of a $21 million Series A round, co-led by Susquehanna Venture Capital (SVC) and Nexus Venture Partners, with participation from Together Fund and Array VC. The company's AI agents can generate websites, applications, and presentations through natural language, and can also handle foundational tasks such as deployment and data analysis. The new funds will be used to optimize AI inference costs and integrate infrastructure, marketing, and distribution capabilities.
AI Security Startup Alice Completes $140 Million Funding Round, Valuation Approaches $1 Billion
AI security startup Alice announced the completion of a $140 million funding round, led by Apax Digital, a fund under private equity firm Apax Partners, with participation from cybersecurity company SentinelOne and Samsung Electronics. Following this round, the company's valuation approaches $1 billion. Alice provides security protection for AI models, helping enterprises reduce risks of AI system misuse, attacks, and anomalous behavior. The company has established partnerships with leading AI industry players including Anthropic and Google.
People & Voices
Uniswap Founder: Tokenization Will Reshape Market Making Landscape, AMM Still in Early Stages
Uniswap founder Hayden Adams stated that as real-world assets accelerate tokenization, the path for AMMs to become the core trading engine of global financial markets is becoming increasingly clear. Blockchain can unbundle the vertically integrated capital, execution, and settlement functions of traditional market makers, enabling liquidity providers holding assets and asset issuers to participate in market making at lower capital costs.
Adams cited as an example that on Robinhood Chain, 10 tokenized stocks have formed Uniswap liquidity pools with SPY, cumulatively generating approximately $33 million in trading volume within 12 days of launch, with some trades executed directly between different stocks without going through USD.
Bernstein: Bitcoin Could Rise to $150,000 by Mid-2027, Peak Around $300,000 in 2029
Bernstein predicts that as currency debasement trades gradually emerge, Bitcoin will set a new all-time high of approximately $150,000 by mid-2027 and could reach a cycle peak of around $300,000 in 2029. The firm also maintains its Outperform rating on Strategy (MSTR) but has lowered its price target from $450 to $350, primarily due to an updated outlook on the Bitcoin market cycle and consideration of equity dilution from Strategy's accelerated share issuance.
