Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud

Bitcoin holds above $77,000 after a 21% week, with XRP up 46% over the same stretch. Asian stocks fell as Samsung and Alibaba slid.

According to Bloomberg, SoftBank plans to issue $6.3 billion in retail bonds in Japan to raise funds for OpenAI's investment commitment.

Robinhood co-founder Vlad Tenev stated on The Iced Coffee Hour that Robinhood on chain developers have built a liquidity pool and protocol that combines Meme coins, mainstream cryptocurrency assets, and stock tokens. Meme coin is serving as an entry point to connect users with real stock tokens. Robinhood aims to increase the proportion of households holding stocks in the United States from approximately 65% to over 95%, and tokenization is a key means to achieve this goal, allowing high-quality US stocks and other RWAs to be distributed to users worldwide.

[Goldman Sachs Raises 2026-2028 WFE Market Forecasts, Driven by DRAM and Foundry Demand] According to TrendForce Research, Goldman Sachs' August 23 report raised its forecasts for the wafer front-end equipment (WFE) market in 2026, 2027, and 2028 to $150 billion, $218 billion, and $281 billion, respectively. DRAM and advanced process foundry demand are the primary drivers, with Samsung and SK Hynix's capital expenditure forecasts revised upward by 22% and 19%, respectively, and TSMC's annual capital expenditure increased by $8 billion. The $16.8 billion initial phase equipment investment pledged by SpaceX and Tesla for Terafab has also been included in the WFE forecast. Goldman Sachs highlights Applied Materials, Lam Research, ASML, Tokyo Electron, ASMI, BESI, Lasertec, and Ebara as key recommendations.

[Peter Schiff: Artificial Intelligence Poses a Threat to Bitcoin, Not a Benefit] Peter Schiff stated on social media that artificial intelligence competes with Bitcoin for speculative capital, electricity, and data center resources. Additionally, AI may discover vulnerabilities in Bitcoin's code, encryption algorithms, wallets, or network, undermining its security and scarcity.