According to Lookonchain monitoring, it is suspected that a wallet associated with CoinShares has deposited 63000 ETH worth $111.56 million into Coinbase.

The AI infrastructure investment boom has cooled down, and the market is reassessing the sustainability of chip and data center spending, putting pressure on AI related chip stocks such as Micron Technology and SanDisk. Samsung Electronics' Q2 revenue fell below market expectations, causing its stock price to drop nearly 7%. SK hynix's stock price has fallen by about 25% from its historical high. Analysts point out that if the enthusiasm for AI investment decreases, some funds may flow from the AI industry chain to other risky assets such as cryptocurrencies. According to CoinDesk.

SEC Chairman Paul Atkins has released the 2026 regulatory agenda, which will promote regulatory frameworks to adapt to market conditions, implement US President Trump's goal of making the United States the global capital of cryptocurrency, establish rules for cryptocurrency asset financing, clarify on chain custody and promote on chain tokenization of securities trading, and advance the plan to make IPOs great again by reforming information disclosure systems and reducing compliance costs to promote corporate listings.

Render Network launches Dispersed decentralized GPU computing market, aiming to connect idle GPUs worldwide with developers and enterprises, supporting tasks such as AI inference, model training, scientific research, and autonomous agents. Node operators earn RENDER by contributing idle computing power and completing workloads. The platform adopts a destruction casting balance model, where 95% of the computing power payment is used to destroy RENDER to achieve token value accumulation. （Messari）

US chip stocks continue to decline, with SanDisk (SNDK. O) falling over 11%, Western Digital (WDC. O) falling nearly 10%, Micron Technology (MU. O) and Seagate Technology (STX. O) falling over 7%, and Nvidia (NVDA. O) falling 1.3%.