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On August 12, Fed's Goolsbee said that as long as consumer spending remains solid, the economy will remain healthy. The biggest problem facing the economy is inflation.

[Fed's Goolsbee: Biggest Problem Facing Economy Is Inflation]On August 12, Fed's Goolsbee said that as long as consumer spending remains solid, the economy will remain healthy. The biggest problem facing the economy is inflation.

Fed's Goolsbee: Biggest Problem Facing Economy Is Inflation

On Tuesday, August 12, a credit risk indicator related to Nvidia fell, after the company said it would limit its exposure to a $500 billion financing plan. The plan is aimed at funding artificial intelligence investments, which are driving demand for Nvidia's chips. The yield on Nvidia's 5.625% bonds maturing in 2056 was 113 basis points higher than comparable U.S. Treasuries, with the spread narrowing by 2 basis points. Meanwhile, according to ICE Data Services, the five-year credit default swap quote narrowed by 5 basis points to 72.11 basis points. These moves show that Wall Street's concerns about the financing plan have eased. The plan highlights the chip giant's heavy reliance on investment spending supported by debt taken on by technology companies, which are racing to dominate the artificial intelligence business. Traders and fund managers said reports about the financing plan and the initial announcement released Monday evening provided few details regarding its timing and structure, leaving investors eager to clarify its potential impact on Nvidia.

[Nvidia Credit Risk Indicators Ease as CEO Clarifies $500 Billion Financing Plan]On Tuesday, August 12, a credit risk indicator related to Nvidia fell, after the company said it would limit its exposure to a $500 billion financing plan. The plan is aimed at funding artificial intelligence investments, which are driving demand for Nvidia's chips. The yield on Nvidia's 5.625% bonds maturing in 2056 was 113 basis points higher than comparable U.S. Treasuries, with the spread narrowing by 2 basis points. Meanwhile, according to ICE Data Services, the five-year credit default swap quote narrowed by 5 basis points to 72.11 basis points. These moves show that Wall Street's concerns about the financing plan have eased. The plan highlights the chip giant's heavy reliance on investment spending supported by debt taken on by technology companies, which are racing to dominate the artificial intelligence business. Traders and fund managers said reports about the financing plan and the initial announcement released Monday evening provided few details regarding its timing and structure, leaving investors eager to clarify its potential impact on Nvidia.

Nvidia Credit Risk Indicators Ease as CEO Clarifies $500 Billion Financing Plan

On August 12, Barclays said the composition of U.S. Treasury buyers is shifting toward value-focused mutual funds, households, and other private investors, a change that has helped push 30-year Treasury yields to multi-decade highs. Strategists Demi Hu and Anshul Pradan wrote in a report that as long as inflation persists, these buyers will demand increasingly higher compensation to hold long-dated bonds. The two strategists said: "The buyer base for U.S. Treasuries has changed." Since the Fed began shrinking its holdings in 2022, demand from official sectors such as foreign central banks and the Fed has continued to weaken, making "private investors the marginal buyers absorbing new supply." They estimate that private investors now hold 73% of the U.S. Treasury market, compared with about 50% roughly a decade ago. Barclays' holdings-weighted composite elasticity index shows that "over the past decade, the U.S. Treasury market's dependence on price-sensitive investors has increased significantly."

[Barclays: Growing Reliance on Price-Sensitive Buyers to Keep U.S. Yields Elevated]On August 12, Barclays said the composition of U.S. Treasury buyers is shifting toward value-focused mutual funds, households, and other private investors, a change that has helped push 30-year Treasury yields to multi-decade highs. Strategists Demi Hu and Anshul Pradan wrote in a report that as long as inflation persists, these buyers will demand increasingly higher compensation to hold long-dated bonds. The two strategists said: "The buyer base for U.S. Treasuries has changed." Since the Fed began shrinking its holdings in 2022, demand from official sectors such as foreign central banks and the Fed has continued to weaken, making "private investors the marginal buyers absorbing new supply." They estimate that private investors now hold 73% of the U.S. Treasury market, compared with about 50% roughly a decade ago. Barclays' holdings-weighted composite elasticity index shows that "over the past decade, the U.S. Treasury market's dependence on price-sensitive investors has increased significantly."

Barclays: Growing Reliance on Price-Sensitive Buyers to Keep U.S. Yields Elevated

On August 12, Brad Lightcap, an executive at OpenAI, will leave the artificial intelligence company to launch a new project. Just a few months ago, he stepped down as chief operating officer. In an internal memo shared with OpenAI employees, Lightcap wrote, "Over the past few months, I have been thinking about and exploring my next direction. As we enter the next phase, I believe there are several important things that the world needs to address properly. I will share more details soon." Lightcap joined OpenAI in 2018 and played a key role in expanding the company's enterprise business. In April, as part of a broader leadership reshuffle at OpenAI, he also stepped down from his role as COO.

[OpenAI Executive Brad Lightcap to Depart for New Project]On August 12, Brad Lightcap, an executive at OpenAI, will leave the artificial intelligence company to launch a new project. Just a few months ago, he stepped down as chief operating officer. In an internal memo shared with OpenAI employees, Lightcap wrote, "Over the past few months, I have been thinking about and exploring my next direction. As we enter the next phase, I believe there are several important things that the world needs to address properly. I will share more details soon." Lightcap joined OpenAI in 2018 and played a key role in expanding the company's enterprise business. In April, as part of a broader leadership reshuffle at OpenAI, he also stepped down from his role as COO.

OpenAI Executive Brad Lightcap to Depart for New Project

On Tuesday, August 12, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $1.25 billion (2 counterparties), compared with $0.975 billion on the previous trading day.

[Fed Overnight RRP Usage Totals $1.25 Billion on Tuesday]On Tuesday, August 12, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $1.25 billion (2 counterparties), compared with $0.975 billion on the previous trading day.

Fed Overnight RRP Usage Totals $1.25 Billion on Tuesday

On August 12, SpaceXAI announced that Grok Bot is currently in internal beta testing. Effective immediately, subscribers of SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium can use it on desktop and iOS.

[SpaceXAI: Grok Bot Currently in Internal Beta]On August 12, SpaceXAI announced that Grok Bot is currently in internal beta testing. Effective immediately, subscribers of SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium can use it on desktop and iOS.

SpaceXAI: Grok Bot Currently in Internal Beta

On August 12, trend-following investors' short bets on global bonds reached a record level, making this week's US inflation report unusually important. According to data from UBS, commodity trading advisors (CTAs), which aim to profit from price trends across various assets, tripled their underweight bond positions in July compared with two weeks earlier. Since then, these bets have remained steady. If the upcoming US consumer and producer price indexes spur Treasury prices higher, these CTA trades would face the risk of losses. According to strategist Nicolas Le Roux, ahead of the inflation data, for every 1-basis-point move in the 10-year Treasury yield, the scale of CTA profit/loss is about $300 million, the largest exposure since UBS began compiling the data in 1990.

[Trend Funds' Record Short on Global Bonds; US CPI Report Expected to Be Key to Profit and Loss]On August 12, trend-following investors' short bets on global bonds reached a record level, making this week's US inflation report unusually important. According to data from UBS, commodity trading advisors (CTAs), which aim to profit from price trends across various assets, tripled their underweight bond positions in July compared with two weeks earlier. Since then, these bets have remained steady. If the upcoming US consumer and producer price indexes spur Treasury prices higher, these CTA trades would face the risk of losses. According to strategist Nicolas Le Roux, ahead of the inflation data, for every 1-basis-point move in the 10-year Treasury yield, the scale of CTA profit/loss is about $300 million, the largest exposure since UBS began compiling the data in 1990.

Trend Funds' Record Short on Global Bonds; US CPI Report Expected to Be Key to Profit and Loss

On August 12, according to Coinglass data, liquidations across the entire network totaled $197 million in the past 24 hours, with long liquidations at $140 million and short liquidations at $57.56 million.

[Global Liquidations Hit $197M in Past 24 Hours, Longs Predominate]On August 12, according to Coinglass data, liquidations across the entire network totaled $197 million in the past 24 hours, with long liquidations at $140 million and short liquidations at $57.56 million.

Global Liquidations Hit $197M in Past 24 Hours, Longs Predominate

On August 12, Pudgy Penguins co-founder Cole Villemain, who was voted out by project holders in January 2022, launched his 44,444-piece NFT collection Spritehood on Robinhood Chain early Tuesday morning, which sold out in less than an hour. According to on-chain transaction statistics, the NFT mint generated approximately $1.28 million in revenue. A total of 37,430 NFTs were sold at $17 during the public mint, while another 5,526 were sold at $117, the latter corresponding to the $100 upgrade option offered on the mint page. Based on the above data, the sales revenue was $1,282,852, equivalent to approximately 684.28 ETH at the time of contract minting. Before the paid sale began, the contract deployer also free-minted 1,488 NFTs through 20 zero-price transactions.

[Pudgy Penguins Co-founder's New NFT Series Spritehood Sells Out on Robinhood Chain]On August 12, Pudgy Penguins co-founder Cole Villemain, who was voted out by project holders in January 2022, launched his 44,444-piece NFT collection Spritehood on Robinhood Chain early Tuesday morning, which sold out in less than an hour. According to on-chain transaction statistics, the NFT mint generated approximately $1.28 million in revenue. A total of 37,430 NFTs were sold at $17 during the public mint, while another 5,526 were sold at $117, the latter corresponding to the $100 upgrade option offered on the mint page. Based on the above data, the sales revenue was $1,282,852, equivalent to approximately 684.28 ETH at the time of contract minting. Before the paid sale began, the contract deployer also free-minted 1,488 NFTs through 20 zero-price transactions.

Pudgy Penguins Co-founder's New NFT Series Spritehood Sells Out on Robinhood Chain

HTX data monitoring shows that BTC has fallen below 62000 USDT, currently reported at 61966.02 USDT, with a 24H decline of 1.72%.

【BTC drops below 62000 USDT】HTX data monitoring shows that BTC has fallen below 62000 USDT, currently reported at 61966.02 USDT, with a 24H decline of 1.72%.

BTC drops below 62000 USDT

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

BTC drops below 62000 USDT

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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