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On August 26, Revolut began a phased rollout of its first euro stablecoin, EURR, to eligible customers in Denmark, Poland, and Portugal. EURR is issued by Bridge, a subsidiary of Stripe, and will be integrated into Revolut's retail application.

[Revolut Phases Launch of Euro Stablecoin EURR]On August 26, Revolut began a phased rollout of its first euro stablecoin, EURR, to eligible customers in Denmark, Poland, and Portugal. EURR is issued by Bridge, a subsidiary of Stripe, and will be integrated into Revolut's retail application.

Revolut Phases Launch of Euro Stablecoin EURR

On August 26, at 20:30 Beijing time, the U.S. Department of Commerce will release the Personal Consumption Expenditures (PCE) price index for July. The market expects the overall PCE to rise by 0.1% month-on-month, with the year-on-year increase dropping from 3.7% in June to 3.6%; the core PCE is expected to rise from 0.1% to 0.2% month-on-month, maintaining a year-on-year rate of 3.3%, marking the 65th consecutive month above the Federal Reserve's 2% inflation target. Notably, rising prices in the AI industry chain, high valuations in the stock market driving up portfolio management fees, and increased energy costs due to the situation in the Middle East could all be potential drivers of core inflation. Goldman Sachs predicts that stock market valuation factors alone could contribute approximately 0.11 percentage points to the month-on-month increase in core PCE for July. The market is particularly focused on the U.S. Bureau of Economic Analysis's plan to comprehensively adjust PCE statistical methods at the end of September, which may lead to adjustments in price calculations for categories such as computer hardware, stock portfolio management, and legal services, and could potentially revise historical data, complicating the interpretation of inflation data. Currently, there is increasing divergence in the market regarding the Federal Reserve's policy path for September. The CME FedWatch Tool indicates a 59.9% probability that the Federal Reserve will keep interest rates unchanged in September, while the probability of a 25 basis point rate hike has risen to 40.1%. The market is also awaiting this week's Jackson Hole annual meeting for the latest signals from Fed Chair Powell regarding inflation and subsequent interest rate policies.

[Inflation Alert Before Jackson Hole: July Core PCE Expected to Rise to 3.3%, Rate Hike Expectations Increase for September]On August 26, at 20:30 Beijing time, the U.S. Department of Commerce will release the Personal Consumption Expenditures (PCE) price index for July. The market expects the overall PCE to rise by 0.1% month-on-month, with the year-on-year increase dropping from 3.7% in June to 3.6%; the core PCE is expected to rise from 0.1% to 0.2% month-on-month, maintaining a year-on-year rate of 3.3%, marking the 65th consecutive month above the Federal Reserve's 2% inflation target. Notably, rising prices in the AI industry chain, high valuations in the stock market driving up portfolio management fees, and increased energy costs due to the situation in the Middle East could all be potential drivers of core inflation. Goldman Sachs predicts that stock market valuation factors alone could contribute approximately 0.11 percentage points to the month-on-month increase in core PCE for July. The market is particularly focused on the U.S. Bureau of Economic Analysis's plan to comprehensively adjust PCE statistical methods at the end of September, which may lead to adjustments in price calculations for categories such as computer hardware, stock portfolio management, and legal services, and could potentially revise historical data, complicating the interpretation of inflation data. Currently, there is increasing divergence in the market regarding the Federal Reserve's policy path for September. The CME FedWatch Tool indicates a 59.9% probability that the Federal Reserve will keep interest rates unchanged in September, while the probability of a 25 basis point rate hike has risen to 40.1%. The market is also awaiting this week's Jackson Hole annual meeting for the latest signals from Fed Chair Powell regarding inflation and subsequent interest rate policies.

Inflation Alert Before Jackson Hole: July Core PCE Expected to Rise to 3.3%, Rate Hike Expectations Increase for September

On August 26, at 20:30 Beijing time, the U.S. Department of Commerce will release the Personal Consumption Expenditures (PCE) price index for July. The market expects the overall PCE in July to rise by 0.1% month-on-month, with the year-on-year increase dropping from 3.7% in June to 3.6%; the core PCE is expected to rise from 0.1% to 0.2% month-on-month, maintaining a year-on-year rate of 3.3%, marking the 65th consecutive month above the Federal Reserve's 2% inflation target. Notably, rising prices in the AI industry chain, high stock market valuations driving up portfolio management fees, and increased energy costs due to the situation in the Middle East may all serve as potential drivers of core inflation. Goldman Sachs estimates that stock market valuation factors could contribute approximately 0.11 percentage points to the month-on-month increase in core PCE for July. More concerning for the market is the U.S. Bureau of Economic Analysis's plan to comprehensively adjust PCE statistical methods at the end of September, which may lead to adjustments in the price calculations for categories such as computer hardware, stock portfolio management, and legal services, and could potentially revise historical data, complicating the interpretation of inflation data. Currently, market views on the Federal Reserve's policy path for September are increasingly divided. CME's FedWatch Tool indicates a 59.9% probability that the Federal Reserve will keep rates unchanged in September, while the probability of a 25 basis point rate hike has risen to 40.1%. The market is also awaiting this week's Jackson Hole annual meeting for the latest signals from Fed Chair Powell regarding inflation and subsequent interest rate policies.

[Inflation Data to be Revealed on Jackson Hole Eve! July Core PCE May Rise to 3.3%, Rate Hike Expectations Heat Up for September]On August 26, at 20:30 Beijing time, the U.S. Department of Commerce will release the Personal Consumption Expenditures (PCE) price index for July. The market expects the overall PCE in July to rise by 0.1% month-on-month, with the year-on-year increase dropping from 3.7% in June to 3.6%; the core PCE is expected to rise from 0.1% to 0.2% month-on-month, maintaining a year-on-year rate of 3.3%, marking the 65th consecutive month above the Federal Reserve's 2% inflation target. Notably, rising prices in the AI industry chain, high stock market valuations driving up portfolio management fees, and increased energy costs due to the situation in the Middle East may all serve as potential drivers of core inflation. Goldman Sachs estimates that stock market valuation factors could contribute approximately 0.11 percentage points to the month-on-month increase in core PCE for July. More concerning for the market is the U.S. Bureau of Economic Analysis's plan to comprehensively adjust PCE statistical methods at the end of September, which may lead to adjustments in the price calculations for categories such as computer hardware, stock portfolio management, and legal services, and could potentially revise historical data, complicating the interpretation of inflation data. Currently, market views on the Federal Reserve's policy path for September are increasingly divided. CME's FedWatch Tool indicates a 59.9% probability that the Federal Reserve will keep rates unchanged in September, while the probability of a 25 basis point rate hike has risen to 40.1%. The market is also awaiting this week's Jackson Hole annual meeting for the latest signals from Fed Chair Powell regarding inflation and subsequent interest rate policies.

Inflation Data to be Revealed on Jackson Hole Eve! July Core PCE May Rise to 3.3%, Rate Hike Expectations Heat Up for September

On August 26, Morgan Stanley's corporate credit team recently released a research report, assigning Nvidia a 'neutral' credit rating. The report highlights that the company has created a potential credit exposure of approximately $200 billion through large-scale financing arrangements to support artificial intelligence infrastructure development. The analysis team refers to this phenomenon as 'balance sheet as a service.' Morgan Stanley credit analysts Lindsay Taylor and Nishant Satyam estimate that by the end of 2028, Nvidia's overall credit exposure will be around $200 billion, with approximately $170 billion related to customer guarantees and contingent liabilities. However, even accounting for these exposures, Nvidia's balance sheet remains resilient: the total debt leverage ratio is only 0.4 times, and it is expected to rise to just 0.7 times after growth stabilizes in 2028. The peak debt level would need to at least double to potentially trigger a downgrade by S&P. The analysts start with a 'neutral' rating and advise investors to remain patient, as there is currently a lack of effective ways to assess tail risks, and over $1 trillion in opaque financing from suppliers within the ecosystem continues to operate through 'creative structures.'

[Morgan Stanley: Nvidia's Off-Balance Sheet Financing Implies $200 Billion Risk Exposure]On August 26, Morgan Stanley's corporate credit team recently released a research report, assigning Nvidia a 'neutral' credit rating. The report highlights that the company has created a potential credit exposure of approximately $200 billion through large-scale financing arrangements to support artificial intelligence infrastructure development. The analysis team refers to this phenomenon as 'balance sheet as a service.' Morgan Stanley credit analysts Lindsay Taylor and Nishant Satyam estimate that by the end of 2028, Nvidia's overall credit exposure will be around $200 billion, with approximately $170 billion related to customer guarantees and contingent liabilities. However, even accounting for these exposures, Nvidia's balance sheet remains resilient: the total debt leverage ratio is only 0.4 times, and it is expected to rise to just 0.7 times after growth stabilizes in 2028. The peak debt level would need to at least double to potentially trigger a downgrade by S&P. The analysts start with a 'neutral' rating and advise investors to remain patient, as there is currently a lack of effective ways to assess tail risks, and over $1 trillion in opaque financing from suppliers within the ecosystem continues to operate through 'creative structures.'

Morgan Stanley: Nvidia's Off-Balance Sheet Financing Implies $200 Billion Risk Exposure

On August 26, Morgan Stanley's corporate credit team recently released a research report, assigning Nvidia a 'neutral' credit rating. The report highlights that the company has created a potential credit exposure of approximately $200 billion through large-scale financing arrangements to support artificial intelligence infrastructure development. The analysis team referred to this phenomenon as 'balance sheet as a service.' Morgan Stanley credit analysts Lindsay Taylor and Nishant Sathiyam estimate that by the end of 2028, Nvidia's overall credit exposure will be around $200 billion, with approximately $170 billion related to customer guarantees and contingent liabilities. However, even accounting for these exposures, Nvidia's balance sheet remains resilient: the total debt leverage ratio is only 0.4 times, and it is expected to rise to only 0.7 times after growth stabilizes in 2028. A peak debt level would need to at least double to potentially trigger a downgrade by S&P. The analysts start with a 'neutral' rating and advise investors to remain patient, as there is currently a lack of effective ways to assess tail risks, and over $1 trillion in opaque financing from suppliers within the ecosystem continues to operate through 'creative structures.'

[Morgan Stanley: Nvidia's Off-Balance Sheet Financing Implies $200 Billion Risk Exposure]On August 26, Morgan Stanley's corporate credit team recently released a research report, assigning Nvidia a 'neutral' credit rating. The report highlights that the company has created a potential credit exposure of approximately $200 billion through large-scale financing arrangements to support artificial intelligence infrastructure development. The analysis team referred to this phenomenon as 'balance sheet as a service.' Morgan Stanley credit analysts Lindsay Taylor and Nishant Sathiyam estimate that by the end of 2028, Nvidia's overall credit exposure will be around $200 billion, with approximately $170 billion related to customer guarantees and contingent liabilities. However, even accounting for these exposures, Nvidia's balance sheet remains resilient: the total debt leverage ratio is only 0.4 times, and it is expected to rise to only 0.7 times after growth stabilizes in 2028. A peak debt level would need to at least double to potentially trigger a downgrade by S&P. The analysts start with a 'neutral' rating and advise investors to remain patient, as there is currently a lack of effective ways to assess tail risks, and over $1 trillion in opaque financing from suppliers within the ecosystem continues to operate through 'creative structures.'

On August 26, Counterpoint Research released data showing that the Apple iPhone 17 was the best-selling smartphone globally in the second quarter of 2026, accounting for 6% of total smartphone shipments worldwide. The iPhone 17 Pro Max and iPhone 17 Pro secured the second and third positions on the list, respectively. Both Apple and Samsung held five spots each in the global top 10 best-selling smartphones, with the top ten models collectively representing 26% of total smartphone sales, an increase of 2% year-on-year. The base model iPhone 17 remains the best-selling smartphone of the quarter, with significant upgrades narrowing the gap with Pro models, providing strong support for sales. Apple's stock closed down 0.14% on Tuesday and fell 0.23% in after-hours trading, with a market capitalization of approximately $4.52 trillion. On the Samsung side, two models from the Galaxy S series made it into the top ten, with the Galaxy S26 Ultra becoming Samsung's best-selling model of the quarter, improving its ranking by five places compared to the previous generation, and also becoming the best-selling Android model of the quarter. This marks the first time a super-premium Android device has led Android sales in the second quarter.

[iPhone 17 Becomes Best-Selling Smartphone in Q2, Capturing 6% of Global Market Share]On August 26, Counterpoint Research released data showing that the Apple iPhone 17 was the best-selling smartphone globally in the second quarter of 2026, accounting for 6% of total smartphone shipments worldwide. The iPhone 17 Pro Max and iPhone 17 Pro secured the second and third positions on the list, respectively. Both Apple and Samsung held five spots each in the global top 10 best-selling smartphones, with the top ten models collectively representing 26% of total smartphone sales, an increase of 2% year-on-year. The base model iPhone 17 remains the best-selling smartphone of the quarter, with significant upgrades narrowing the gap with Pro models, providing strong support for sales. Apple's stock closed down 0.14% on Tuesday and fell 0.23% in after-hours trading, with a market capitalization of approximately $4.52 trillion. On the Samsung side, two models from the Galaxy S series made it into the top ten, with the Galaxy S26 Ultra becoming Samsung's best-selling model of the quarter, improving its ranking by five places compared to the previous generation, and also becoming the best-selling Android model of the quarter. This marks the first time a super-premium Android device has led Android sales in the second quarter.

iPhone 17 Becomes Best-Selling Smartphone in Q2, Capturing 6% of Global Market Share

On August 26, Counterpoint Research reported that Apple's iPhone 17 was the best-selling smartphone globally in the second quarter of 2026, accounting for 6% of total global smartphone shipments. The iPhone 17 Pro Max and iPhone 17 Pro also secured the second and third positions on the list, respectively. Apple and Samsung each held five spots in the global top 10 best-selling smartphones, with the top ten models collectively representing 26% of total global smartphone sales, a 2% increase year-on-year. The base model iPhone 17 remained the best-selling smartphone of the quarter, with significant upgrades narrowing the gap with the Pro models, providing strong support for sales. Apple's stock closed down 0.14% on Tuesday, with a post-market decline of 0.23%, bringing its market capitalization to approximately $4.52 trillion. On the Samsung side, two models from the Galaxy S series made it into the top ten list, with the Galaxy S26 Ultra becoming Samsung's best-selling model of the quarter, improving its ranking by five positions compared to the previous generation, and also being the best-selling Android model of the quarter. This marks the first time a super-premium Android device has led Android sales in the second quarter.

[iPhone 17 Becomes Best-Selling Smartphone in Q2, Capturing 6% of Global Market Share]On August 26, Counterpoint Research reported that Apple's iPhone 17 was the best-selling smartphone globally in the second quarter of 2026, accounting for 6% of total global smartphone shipments. The iPhone 17 Pro Max and iPhone 17 Pro also secured the second and third positions on the list, respectively. Apple and Samsung each held five spots in the global top 10 best-selling smartphones, with the top ten models collectively representing 26% of total global smartphone sales, a 2% increase year-on-year. The base model iPhone 17 remained the best-selling smartphone of the quarter, with significant upgrades narrowing the gap with the Pro models, providing strong support for sales. Apple's stock closed down 0.14% on Tuesday, with a post-market decline of 0.23%, bringing its market capitalization to approximately $4.52 trillion. On the Samsung side, two models from the Galaxy S series made it into the top ten list, with the Galaxy S26 Ultra becoming Samsung's best-selling model of the quarter, improving its ranking by five positions compared to the previous generation, and also being the best-selling Android model of the quarter. This marks the first time a super-premium Android device has led Android sales in the second quarter.

According to market news from Dongcha Beating AI, Deepseek's revenue reached $70 million by July, marking a tenfold increase compared to 2025.

[Market News: Deepseek's Revenue Reaches $70 Million by July, Tenfold Increase by 2025]According to market news from Dongcha Beating AI, Deepseek's revenue reached $70 million by July, marking a tenfold increase compared to 2025.

Market News: Deepseek's Revenue Reaches $70 Million by July, Tenfold Increase by 2025

HTX data monitoring shows that UNI has broken through 4 USDT, currently reported at 4 USDT, with a 24H increase of 3.70%.

【UNI Breakthrough 4 USDT】HTX data monitoring shows that UNI has broken through 4 USDT, currently reported at 4 USDT, with a 24H increase of 3.70%.

UNI Breakthrough 4 USDT

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