On August 28, 2025, Chinese DRAM chip manufacturer Changxin Storage filed a lawsuit in the U.S. District Court for the District of Columbia, formally bringing the U.S. Department of Defense to the defendant's seat, with a pointed focus on what appears to be a technical label—classified as a "Chinese military enterprise." According to Section 1260H of the National Defense Authorization Act, the Department of Defense established this identification list for entities deemed associated with China.

Ethena, a team that once achieved a historical peak of over 8 billion dollars in the arbitrage allocation scale of crypto perpetual contract basis trading, has now directly applied the same "hold spot, sell perpetual, earn funding rates" mature strategy into a brand new battlefield – stock perpetual contracts. Since March of this year, this market, which was almost non-existent before, has been actively developing.

Tonight, the Jackson Hole meeting faces a crucial battle regarding interest rates, and the "successful script" of Waller's speech is to achieve a flattening of the yield curve bull market.

MSX US Stock Daily Observation: IREN FY2026 Q4 Financial Report: AI Cloud Revenue Exceeds Half for the First Time, Operating ARR Doubles 【MSX Research Institute · US Stock RWA Daily Observation】 is a flagship daily report produced by the leading RWA trading platform MSX Maitong. Relying on strong macro research capabilities, we capture the core pulse of global traditional US stocks, liquidity changes, and the RWA tokenization market to assist you in proactively positioning high-quality assets. Today's Observation IREN's revenue for the quarter slightly exceeded market expectations, but the net loss far exceeded expectations, primarily due to the accelerated exit from Bitcoin mining leading to a significant...

MSX U.S. Stock Daily Observation: Microwell Technology FY2027 Q2 Financial Report: Data Center Revenue Increases to 79%, Next Quarter Guidance Exceeds Expectations by 4%. [MSX Research Institute · U.S. Stock RWA Daily Observation] is an iconic daily report produced by the leading RWA trading platform MSX. Leveraging our strong macro research capabilities, we capture the core pulse of the global traditional U.S. stock market, liquidity changes, and the RWA tokenization market to assist you in proactively positioning quality assets. Today's Observation: Microwell's revenue and adjusted earnings per share both exceeded expectations this quarter, with the data center business as the core driving force...

Is the depreciation of the dollar a long-term unchanging narrative? Then appropriately allocate gold and Bitcoin as a long-term hedge.

Hundred billion-level stock market trading volume is reshaping the asset pathways for the next generation.

According to NVIDIA's official financial report, the company's revenue in the second quarter reached 96.2 billion dollars, a year-on-year increase of 106%; among them, data center business revenue reached 89 billion dollars, a year-on-year increase of 117%. The company also expects revenue in the next quarter to reach 108 billion dollars. This set of data indicates that the demand for AI computing power continues to be released, and NVIDIA remains at the core position of global tech stocks and the AI industry chain.

The independent upward logic of AI and the macro pressure logic of interest rates are running simultaneously, and who has the upper hand will depend on the direction of Waller's speech tonight.

Author: Zhu Weisha, Scott Shields, August 27, 2026 A recent report by Morgan Stanley on the $40 trillion U.S. debt raises an old question: Is the issuance of U.S. Treasury bonds too much? This question seems simple, but it is actually difficult to answer. From the founding of the country until around 2016, it took the United States 240 years to accumulate approximately $20 trillion in federal debt, and in the following ten years, this amount increased by another approximately $20 trillion. $40 trillion is certainly a huge number, but just being "large" does not explain how dangerous the situation is. Morgan Stanley's analysis

This week, Nvidia will reveal how much profit can still increase, while Walsh may determine how much the market is willing to pay for this profit.

Original author: Dong Jing Original source: Wall Street News U.S. Treasury Secretary Scott Bessent has adopted a more proactive approach to national debt management, a shift that is disrupting the long-standing predictability of the U.S. bond market, prompting Wall Street to urgently simulate significant adjustments that could occur in the government borrowing strategy over the next few months. According to a Bloomberg report on August 26, with the announcement last week of a bond repurchase plan referred to by Bessent as the "Treasury twist," the market's focus has quickly turned to the Treasury's quarterly...

In the next two days, the balance between inflation concerns and AI performance will determine the market direction at the beginning of September.