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On August 10, Kevin Hassett, Director of the White House National Economic Council, responded on Monday to the controversy over the removal of Federal Reserve Board Governor Lisa Cook, calling the matter a "law enforcement issue" and declining to comment on the details of the allegations. Addressing speculation that he might succeed Cook as a Fed governor, Hassett explicitly denied it, saying, "No, I can assure you that is not going to happen." Hassett also offered his views on monetary policy, saying that if he were currently a Fed official, given the still-strong supply-side momentum and the recent pullback in inflation data, he would choose to hold interest rates steady or cut them at the September policy meeting. Earlier, the Trump administration initiated proceedings to remove Cook, alleging housing disclosure issues related to her 2021 mortgage application. The White House has demanded that Cook respond to the allegations by August 26 and has indicated it is considering removing her from office. Cook and her lawyers have denied all the allegations, calling them "baseless," and emphasized that Trump's attempt to remove a Fed governor could affect the central bank's independence. In June of this year, the U.S. Supreme Court ruled that Cook could temporarily remain in her position, finding that the earlier removal process had not provided her with adequate notice and an opportunity to defend herself. If the removal succeeds, Trump would have the chance to nominate a new Fed governor, further influencing the future direction of monetary policy.

[Trump Pressures Fed Again, Hassett Denies Replacing Cook and Says September May Hold or Cut Rates]On August 10, Kevin Hassett, Director of the White House National Economic Council, responded on Monday to the controversy over the removal of Federal Reserve Board Governor Lisa Cook, calling the matter a "law enforcement issue" and declining to comment on the details of the allegations. Addressing speculation that he might succeed Cook as a Fed governor, Hassett explicitly denied it, saying, "No, I can assure you that is not going to happen." Hassett also offered his views on monetary policy, saying that if he were currently a Fed official, given the still-strong supply-side momentum and the recent pullback in inflation data, he would choose to hold interest rates steady or cut them at the September policy meeting. Earlier, the Trump administration initiated proceedings to remove Cook, alleging housing disclosure issues related to her 2021 mortgage application. The White House has demanded that Cook respond to the allegations by August 26 and has indicated it is considering removing her from office. Cook and her lawyers have denied all the allegations, calling them "baseless," and emphasized that Trump's attempt to remove a Fed governor could affect the central bank's independence. In June of this year, the U.S. Supreme Court ruled that Cook could temporarily remain in her position, finding that the earlier removal process had not provided her with adequate notice and an opportunity to defend herself. If the removal succeeds, Trump would have the chance to nominate a new Fed governor, further influencing the future direction of monetary policy.

Trump Pressures Fed Again, Hassett Denies Replacing Cook and Says September May Hold or Cut Rates

On August 10, according to CCTV, JPMorgan officially raised its target for the S&P 500 at the end of 2026 from 7,800 to 8,000 points, citing solid corporate earnings prospects and the expectation that large tech companies' increased AI investment will significantly accelerate revenue growth. This target implies an upside of about 3% from the S&P 500's closing level last Friday. At least seven brokerages now expect the S&P 500 to reach 8,000 by the end of 2026. JPMorgan analysts said that as backlog orders convert into actual revenue, the cloud computing business is expected to maintain strong growth, which would validate AI capital expenditure and further ease market concerns about return on invested capital. According to London Stock Exchange Group data, among the 436 S&P 500 constituent companies that have reported second-quarter earnings, 85.1% beat analyst expectations, significantly higher than the long-term average of 68% since 1994. This year, driven by AI-related optimism, the S&P 500 has risen about 13% cumulatively.

[JPMorgan and Other Brokerages Raise S&P 500 2026 Target to 8,000]On August 10, according to CCTV, JPMorgan officially raised its target for the S&P 500 at the end of 2026 from 7,800 to 8,000 points, citing solid corporate earnings prospects and the expectation that large tech companies' increased AI investment will significantly accelerate revenue growth. This target implies an upside of about 3% from the S&P 500's closing level last Friday. At least seven brokerages now expect the S&P 500 to reach 8,000 by the end of 2026. JPMorgan analysts said that as backlog orders convert into actual revenue, the cloud computing business is expected to maintain strong growth, which would validate AI capital expenditure and further ease market concerns about return on invested capital. According to London Stock Exchange Group data, among the 436 S&P 500 constituent companies that have reported second-quarter earnings, 85.1% beat analyst expectations, significantly higher than the long-term average of 68% since 1994. This year, driven by AI-related optimism, the S&P 500 has risen about 13% cumulatively.

JPMorgan and Other Brokerages Raise S&P 500 2026 Target to 8,000

On August 10, it was reported that Zhipu's MaaS open platform has nearly 7 million registered users (i.e., API users), an increase of about 2 million since early July, including 23,000 enterprise customers. Its developer product ZCode, benchmarked against Codex, surpassed one million users within a month of launch. Since the beginning of this year, Zhipu's ARR has grown 15 times. According to our understanding, after the release of Kimi and Alibaba's new models, Zhipu's ARR growth rate was not affected. Some investors revealed that ARR has now reached $2 billion, but Zhipu officially denied this. People close to the company indicated that the actual figure should be higher. On July 21, market reports emerged that Zhipu had built a domestic AI computing infrastructure with a scale of 1GW. It is understood that more than 50,000 domestic AI computing chips have been activated to alleviate growing inference demand. On July 31, Zhipu's long-term restricted Coding Plan was opened for purchase after a significant price increase. (LatePost)

[Zhipu's API Users Approach 7 Million, Over 50,000 Domestic AI Chips Activated]On August 10, it was reported that Zhipu's MaaS open platform has nearly 7 million registered users (i.e., API users), an increase of about 2 million since early July, including 23,000 enterprise customers. Its developer product ZCode, benchmarked against Codex, surpassed one million users within a month of launch. Since the beginning of this year, Zhipu's ARR has grown 15 times. According to our understanding, after the release of Kimi and Alibaba's new models, Zhipu's ARR growth rate was not affected. Some investors revealed that ARR has now reached $2 billion, but Zhipu officially denied this. People close to the company indicated that the actual figure should be higher. On July 21, market reports emerged that Zhipu had built a domestic AI computing infrastructure with a scale of 1GW. It is understood that more than 50,000 domestic AI computing chips have been activated to alleviate growing inference demand. On July 31, Zhipu's long-term restricted Coding Plan was opened for purchase after a significant price increase. (LatePost)

Zhipu's API Users Approach 7 Million, Over 50,000 Domestic AI Chips Activated

On August 10, according to BIT (Bit.com) market data, U.S.-listed Cloudflare fell over 2% intraday, with losses narrowing to 0.94%. Its market capitalization is temporarily reported at $105.47 billion. On the news front, the company announced plans to privately issue $2.175 billion in convertible bonds.

[Cloudflare Drops Over 2% Intraday, Plans $2.175B Private Convertible Bond Offering]On August 10, according to BIT (Bit.com) market data, U.S.-listed Cloudflare fell over 2% intraday, with losses narrowing to 0.94%. Its market capitalization is temporarily reported at $105.47 billion. On the news front, the company announced plans to privately issue $2.175 billion in convertible bonds.

Cloudflare Drops Over 2% Intraday, Plans $2.175B Private Convertible Bond Offering

On August 10, Solstice Finance, a DeFi yield infrastructure protocol on Solana, launched strcUSX, a structured product based on Strategy's (MSTR) preferred stock STRC, making it the first financial product on Solana linked to STRC. The product does not tokenize STRC shares, nor does it represent users holding Strategy preferred stock. Instead, it splits STRC-related yields and price risk through a yield vault. After users deposit Solstice's US dollar settlement token USX, they receive two types of Solana tokens, each corresponding to yield exposure at different risk levels. The senior tranche token SR-strcUSX receives yields first, with a target annualized yield of approximately 7%; the junior tranche token JR-strcUSX bears the residual yield and greater price volatility risk, with a target annualized yield exceeding 20%. If the value of STRC assets declines, junior tranche holders will bear losses first. STRC is a floating-rate perpetual preferred stock issued by Strategy, currently with a cash dividend yield of about 12%, paid twice monthly, but dividend payments remain subject to the company's board of directors' decisions. Solstice stated that the product aims to allow DeFi users to gain exposure to STRC yields and risks without directly holding STRC shares, while meeting the investment needs of different risk preferences through a layered design. Previously, on August 10, Strategy sold 1,690 bitcoins, raising approximately $108.6 million, which was used to repurchase approximately 1.152 million STRC preferred shares. Strategy's bitcoin holdings have now decreased to 840,447 BTC.

[Solana Ecosystem Launches First STRC Structured Product; Solstice Finance Splits Strategy Preferred Share Yield and Risk]On August 10, Solstice Finance, a DeFi yield infrastructure protocol on Solana, launched strcUSX, a structured product based on Strategy's (MSTR) preferred stock STRC, making it the first financial product on Solana linked to STRC. The product does not tokenize STRC shares, nor does it represent users holding Strategy preferred stock. Instead, it splits STRC-related yields and price risk through a yield vault. After users deposit Solstice's US dollar settlement token USX, they receive two types of Solana tokens, each corresponding to yield exposure at different risk levels. The senior tranche token SR-strcUSX receives yields first, with a target annualized yield of approximately 7%; the junior tranche token JR-strcUSX bears the residual yield and greater price volatility risk, with a target annualized yield exceeding 20%. If the value of STRC assets declines, junior tranche holders will bear losses first. STRC is a floating-rate perpetual preferred stock issued by Strategy, currently with a cash dividend yield of about 12%, paid twice monthly, but dividend payments remain subject to the company's board of directors' decisions. Solstice stated that the product aims to allow DeFi users to gain exposure to STRC yields and risks without directly holding STRC shares, while meeting the investment needs of different risk preferences through a layered design. Previously, on August 10, Strategy sold 1,690 bitcoins, raising approximately $108.6 million, which was used to repurchase approximately 1.152 million STRC preferred shares. Strategy's bitcoin holdings have now decreased to 840,447 BTC.

Solana Ecosystem Launches First STRC Structured Product; Solstice Finance Splits Strategy Preferred Share Yield and Risk

US memory stocks rose in the short term, with SanDisk gaining over 4.2%, Western Digital up 2.2%, and Micron Technology advancing nearly 2%.

[US Memory Stocks Rise in Short Term, SanDisk Up Over 4.2%]US memory stocks rose in the short term, with SanDisk gaining over 4.2%, Western Digital up 2.2%, and Micron Technology advancing nearly 2%.

US Memory Stocks Rise in Short Term, SanDisk Up Over 4.2%

On August 10, according to market sources, well-known investor and "Big Short" Michael Burry said he believes Berkshire Hathaway is not an attractive investment target in the future. Michael Burry became famous for successfully shorting the U.S. real estate market before the 2008 financial crisis, and his investment views have long attracted market attention. Currently, Berkshire Hathaway is led by "Oracle of Omaha" Warren Buffett, and the company owns insurance, railway, energy, and various industrial assets, regarded by long-term investors as a representative of value investing. As of the time of writing, Berkshire Hathaway was up 2.84% in intraday trading, with a market value of $1.15 trillion.

["Big Short" Michael Burry Says Berkshire Hathaway Has Limited Future Appeal]On August 10, according to market sources, well-known investor and "Big Short" Michael Burry said he believes Berkshire Hathaway is not an attractive investment target in the future. Michael Burry became famous for successfully shorting the U.S. real estate market before the 2008 financial crisis, and his investment views have long attracted market attention. Currently, Berkshire Hathaway is led by "Oracle of Omaha" Warren Buffett, and the company owns insurance, railway, energy, and various industrial assets, regarded by long-term investors as a representative of value investing. As of the time of writing, Berkshire Hathaway was up 2.84% in intraday trading, with a market value of $1.15 trillion.

"Big Short" Michael Burry Says Berkshire Hathaway Has Limited Future Appeal

JPMorgan officially raised its year-end 2026 target for the S&P 500 to 8,000 points from 7,800 points on the 10th, citing solid corporate earnings prospects and expectations that increased AI investment by major tech companies will significantly accelerate revenue growth. This target level implies an upside of about 3% from the index's closing level last Friday. At least seven brokerages now expect the S&P 500 to reach 8,000 by the end of 2026. JPMorgan analysts said that as backlogged orders convert into actual revenue, cloud computing businesses are expected to maintain strong growth, which would validate AI capital expenditures and further ease market concerns about return on invested capital. According to data from the London Stock Exchange Group, among the 436 S&P 500 constituents that have reported second-quarter earnings, 85.1% beat analyst expectations, significantly higher than the long-term average of 68% since 1994. Since the start of this year, driven by AI-related optimism, the S&P 500 has risen about 13% cumulatively. (CCTV Finance)

[S&P 500 Up About 13% This Year; Multiple Brokerages Raise End-2026 Target to 8,000 Points]JPMorgan officially raised its year-end 2026 target for the S&P 500 to 8,000 points from 7,800 points on the 10th, citing solid corporate earnings prospects and expectations that increased AI investment by major tech companies will significantly accelerate revenue growth. This target level implies an upside of about 3% from the index's closing level last Friday. At least seven brokerages now expect the S&P 500 to reach 8,000 by the end of 2026. JPMorgan analysts said that as backlogged orders convert into actual revenue, cloud computing businesses are expected to maintain strong growth, which would validate AI capital expenditures and further ease market concerns about return on invested capital. According to data from the London Stock Exchange Group, among the 436 S&P 500 constituents that have reported second-quarter earnings, 85.1% beat analyst expectations, significantly higher than the long-term average of 68% since 1994. Since the start of this year, driven by AI-related optimism, the S&P 500 has risen about 13% cumulatively. (CCTV Finance)

S&P 500 Up About 13% This Year; Multiple Brokerages Raise End-2026 Target to 8,000 Points

On August 10, according to BIT (Bit.com) market data, the Trump family-linked mining company ABTC's stock price rose over 13%, now at $7.38 per share, with its market cap rising to $533 million. On the news front, Justin Mateen, director of the Trump family-backed Bitcoin miner American Bitcoin (ABTC) and co-founder of Tinder, bought company shares for two consecutive days last week after the company released its quarterly earnings, investing a total of approximately $1.93 million. Regulatory filings show that on August 5, Mateen bought approximately 145,000 ABTC Class A common shares for about $925,000, at an average price of about $6.40 per share; on August 6, he bought another approximately 162,000 shares for about $1 million, at an average price of about $6.19 per share. The two transactions totaled 306,981 shares, increasing Mateen's ABTC holdings to 492,297 shares.

[Trump Family-Linked Miner ABTC Soars Over 13%, Market Cap Reaches $533M]On August 10, according to BIT (Bit.com) market data, the Trump family-linked mining company ABTC's stock price rose over 13%, now at $7.38 per share, with its market cap rising to $533 million. On the news front, Justin Mateen, director of the Trump family-backed Bitcoin miner American Bitcoin (ABTC) and co-founder of Tinder, bought company shares for two consecutive days last week after the company released its quarterly earnings, investing a total of approximately $1.93 million. Regulatory filings show that on August 5, Mateen bought approximately 145,000 ABTC Class A common shares for about $925,000, at an average price of about $6.40 per share; on August 6, he bought another approximately 162,000 shares for about $1 million, at an average price of about $6.19 per share. The two transactions totaled 306,981 shares, increasing Mateen's ABTC holdings to 492,297 shares.

Trump Family-Linked Miner ABTC Soars Over 13%, Market Cap Reaches $533M

On August 10, according to Hong Kong Exchanges and Clearing Limited (HKEX), MiniMax has met the fast entry rules of the HKEX Technology 100 Index. It will be added to the HKEX Technology 100 Index and the HKEX Technology and US Technology 100 Index after the market close on August 12, 2026, and will take effect from August 13, 2026.

[MiniMax to Be Included in HKEX Tech 100 and Other Indices]On August 10, according to Hong Kong Exchanges and Clearing Limited (HKEX), MiniMax has met the fast entry rules of the HKEX Technology 100 Index. It will be added to the HKEX Technology 100 Index and the HKEX Technology and US Technology 100 Index after the market close on August 12, 2026, and will take effect from August 13, 2026.

MiniMax to Be Included in HKEX Tech 100 and Other Indices

ZEC Price Just Surpassed $490 — Here's What Fueled the Rally

XRP Ledger Active Users Approach 200,000

Santiment Announces: This Altcoin Shows Restrained Growth, But Retail Investors Are Not Yet Aware of It!

Historic Changes Are Coming for the Established Altcoin Solana (SOL)! Two Important Proposals Have Been Prepared! Here's What Awaits Us

Wall Street Morning News: S&P and Dow Hit New Highs, Philadelphia Semiconductor Index and Chip Stocks Rise for 4th Straight Day, SanDisk and Intel Surge Over 10%, Micron's Market Cap Returns to $1 Trillion

US Considers Ban on Import of New Chinese Optical Modules, What's the Impact?

Avalanche Price Forecast for August 2026: Can AVAX Break Above $7 When Kenya Launches on the Network?

MiniMax to Be Included in HKEX Tech 100 and Other Indices

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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