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ChainCatcher report: China’s largest DRAM manufacturer, CXMT, has recently kicked off equipment tendering for partners for its new Shanghai plant, while advancing multi-site capacity expansion. CXMT is currently producing DRAM at its Hefei Phase II and Beijing Phase I sites, with estimated capacity at around 200,000 wafers per month at the mid-stage, and possibly exceeding 300,000 wafers per month by year-end.
CXMT plans to open a new factory in Shanghai in the fourth quarter this year, and relevant equipment tenders have already been launched. Industry insiders in semiconductor equipment say the plant intends to expand in two phases, with capacity significantly exceeding 100,000 wafers per month. It is then expected to open a new factory in Hefei in the first half of next year, and the earliest opening of a new factory in Beijing in the second half of next year. In the first half of the year after next, it plans to open another factory in Hefei.

ChainCatcher news: According to GMGN data, the top 5 tokens by net inflow from KOLs over the past 24 hours are as follows:
1.BTC（E4Ap....jHx）：Net inflow of $20,000, up 154.1% over the past 24 hours, currently $0.0227.
2.MONEROCHAN（39Hq....Jvy）：Net inflow of $20,000, up 30.3% over the past 24 hours, currently $0.0034.
3.STONK（6GmA....Ngx）：Net inflow of $20,000, up 36.5% over the past 24 hours, currently $0.2568.
4.wXMR（WXMR....eJp）：Net inflow of $10,000, up 1.3% over the past 24 hours, currently $512.4987.
5.AAPLx（XsbE....zJp）：Net inflow of $10,000, up 2.5% over the past 24 hours, currently $326.9054.

Author: Wilson · Founder of Honeypot Finance · Early investor in RootsFi

Number one on the list. In just two months, reaching a $100 million annualized revenue run rate. This is the most incredible rocket-like growth in human history.
Looking at this chart, what comes to mind is Ozzy I met back on Berachain. At that time, Pons hadn’t yet appeared on a list like this, and I’d already decided to support him. It’s just that I didn’t know where his breakthrough would ultimately happen.
I’m Wilson, the founder of Honeypot Finance, and an early investor in RootsFi. Today I’m writing these through the Honeypot Finance account, because my X account, @0xwilsonwu, is still banned. I still don’t know the exact reason, and multiple appeals haven’t been able to restore access.

According to a ChainCatcher message cited by the Financial Times, Anthropic said it has blocked multiple attempts this year by scientists to use its technology for related research that could help in developing biological weapons. The company cited five cases, saying the relevant actors bypassed control measures and obscured the purpose of their research in order to evade safety protections. In its report on how models are used for malicious activities, Anthropic said it hopes that by sharing these cases, it will spark discussion within the AI industry and among governments of various countries about emerging bio risks and how to respond.
The case involved a researcher from a “non-supported region” using Claude to plan an experiment related to avian influenza over the course of several weeks. Anthropic said its safety filtering mechanisms limited the research to the weakest-performing models, and it emphasized that it is not possible to determine whether the scientist intended to cause harm. The same information needed to develop and manufacture biological weapons could also be used to develop vaccines. The company has banned the related accounts mentioned in the report, but it has not disclosed the name of the researcher’s institution or the country where the incident occurred.

Establish primary regulatory status: SEC must uniformly coordinate products involving U.S. stocks
Against the backdrop of a steady stream of cross-market financial innovations, market makers have expressed deep concern about the ambiguous regulatory language brought about by long-position oversight.
One of the world’s largest quantitative market-making institutions, Citadel Securities, has formally submitted a policy response document to the U.S. SEC and CFTC. In the document, Citadel Securities makes its position clear: the SEC should serve as the “primary regulator” for all U.S.-listed companies and the financial derivatives products related to their underlying securities. The move is intended to prevent market participants from exploiting regulatory gaps by packaging products involving underlying stock equity as ordinary commodities, thereby weakening disclosure and protection standards for the underlying securities market. At the same time, Citadel also urges the SEC to modernize its internal processes, comprehensively improve the timeliness and approval efficiency of filings and reviews for new financial products, and avoid compliance innovation being hindered by administrative delays.

According to a ChainCatcher report, Wilson—founder of Honeypot Finance and an early investor in RootsFi—posted that Pons reached a $100 million annualized revenue run rate within two months, ranking first on the relevant list. Wilson also recalled meeting Ozzy on Berachain and investing in RootsFi, saying that his sincerity, technical capabilities, and resilience were the reasons behind early support.
Wilson said that Pons is built on the Robinhood Chain, and its V2 design allows new tokens to trade on the bonding curve first; once conditions are met, they move into a permanently locked liquidity Uniswap V4 pool. The priced asset can be native ETH or an ERC-20 approved by Pons. He believes this mechanism creates a point of intersection between meme culture and stock tokens, and said he will continue to support Ozzy, looking optimistic about Pons’s further development on the Robinhood Chain.

I. Hot news
Federal Reserve updates
US PPI year over year rises to 5.4%; tonight’s CPI will put risk assets to the test
US August PPI rose 0.4% month over month, higher than the revised 0.1% for July; up 5.4% year over year.
Energy prices increased 4.2% month over month, the main driver of higher prices on the commodity side; excluding food, energy, and trade services, PPI rose 0.3% month over month.
The US August CPI will be released tonight at 20:30. The Federal Reserve will hold its policy meeting in the US local time on September 15–16 and publish a Summary of Economic Projections.
Market impact: Higher energy prices are increasing corporate costs, and the market needs to judge whether they will further pass through to the consumer side. If the CPI continues to show price pressures, high-valuation tech stocks and crypto assets may face a higher interest-rate threshold; if core inflation cools, it will help ease the tension ahead of the policy meeting.

ChainCatcher report: According to BIT (On Target)’s weekly report, BIT analysts pointed out that there are two key catalysts in the current market. First, the size of US debt has surpassed the psychological threshold of $40 trillion. Second, US Treasury yields are approaching the critical 5% level. Since July 24, Bitcoin has risen by 22% cumulatively, and gold has increased by 9.4%, confirming the previous outlook.
The macro cycle model shows that the market is currently in the first phase of a cyclical reflation cycle, which is typically accompanied by a weakening US dollar and rising commodity prices. Historical data indicates that in this phase: the annualized return of US equities is about 29%, gold is about 47%, and Bitcoin is about 73%. In addition, between 2020 and 2026, the compound annual growth rate (CAGR) of US debt has reached 8.59%, the CAGR of the M2 money supply is 6.02%, far exceeding CPI’s 4.11%. Persistent long-term inflation pressure continues to build up, further supporting the rationale for allocating to gold and Bitcoin.

ChainCatcher message, according to Bitcoin.com, that Matt Mena, a senior crypto research strategist at 21Shares, said that amid cumulative net inflows of about $603 million into US spot Bitcoin ETFs and a rebound in risk appetite for altcoins, Bitcoin’s performance in the fourth quarter is expected to strengthen significantly.
Mena noted that BTC is currently finding support around $77,000, and the likelihood of a move to the $82,000 range by the end of the month is increasing. He listed $100,000 in BTC, $3,500 in ETH, $100 in HYPE, and $130 in SOL as potential targets for the fourth quarter. In addition, Ethereum has outperformed Bitcoin by 29% over the past three weeks versus 20%, Hyperliquid is near $90, indicating that capital is rotating into altcoins.

ChainCatcher message: On September 11, Chinese cloud-based AI chip manufacturer Suyuan Technology officially listed on the Shanghai Stock Exchange STAR Market. The offering price was 142.18 yuan per share. As of the time of writing, the latest quoted price for the stock was 418 yuan per share, up 193.99% from the offering price. The trading value was 3.404 billion yuan, the turnover rate was 44.82%, the intraday amplitude was 47.83%. During the trading session, the stock’s intraday high reached 475 yuan per share and the low was 407 yuan per share. The total market capitalization was 179.887 billion yuan.
Suyuan Technology was established in March 2018. It uses a self-developed DSA architecture and has iterated through four generations, launching five cloud AI chip architectures. Its products cover AI chips, accelerator cards and modules, as well as intelligent computing systems and clusters. The company’s third-generation product, S60, has累计 shipped 160,000 units. From 2023 to 2025, the company’s revenue was 301 million yuan, 722 million yuan, and 990 million yuan, respectively. In the first half of 2026, revenue was 1.12 billion yuan, up 279.08% year over year.