灯塔CH

Bitcoin has really been awesome these past few days—let’s send out some红包 to celebrate
$BTC

Last week, spot Bitcoin ETFs saw net outflows of $389.7 million, the largest single-week redemption in six weeks.

From August 10 to 14, US spot Bitcoin ETFs recorded cumulative net outflows of $389.7 million. Among them, BlackRock’s IBIT saw an outflow of about $55.5 million on August 14 alone.

The previous week was entirely the opposite: from August 3 to 7, there were five consecutive days of net inflows totaling about $853.5 million, the strongest since mid-April.

During the same period, Solana ETFs recorded net inflows of approximately $10.26 million, the largest weekly inflow since May. BTC traded around $62,000 that week.

Good news

Hong Kong’s stablecoin licensing has moved into a substantive phase, with the number of licenses in the first batch and compliance costs drawing close attention.

Since the Hong Kong Monetary Authority introduced its stablecoin licensing regime, market focus has centered on the number of institutions approved in the first batch, the requirements for reserve assets, and the specific standards for redemption mechanisms.

Key requirements in the regulatory framework include:

The issuer must be a company incorporated in Hong Kong, or a licensed institution with a physical presence in Hong Kong
Reserve assets must be highly liquid assets, fully segregated from the issuer’s own assets, and held in custody independently
Holders must be able to redeem at par value within a reasonable time, and the issuer may not impose unreasonable redemption conditions
The issuer must meet ongoing compliance obligations related to anti–money laundering and counter-terrorist financing

Notably, compliance cost is a substantive threshold. After the three requirements—segregated custody of reserve assets, independent audits, and ongoing reporting—are layered together, operational costs are higher than most market participants initially expected. This suggests that the final approved list may concentrate among institutions that already have established financial licenses.

At the regional level, Singapore, Japan, and the UAE have all rolled out their respective stablecoin regulatory frameworks, and the designs differ—mainly in the permitted scope of reserve asset composition and the degree of restrictions on cross-border use.

The pace of stablecoin regulation directly affects the distribution structure of on-chain U.S. dollar liquidity. This variable typically takes several quarters to be reflected in trading data.

$BTC
#稳定币

NVIDIA and SpaceX Collaborate to Develop Satellite Computing Payload; Starmind AI1 Project Announced

SpaceX announced that it is collaborating with NVIDIA to jointly develop the “Starmind AI1” satellite computing payload.

Technical configuration:
Each Starmind satellite will be equipped with NVIDIA’s Rubin GPU and Vera CPU
The goal is to achieve space computing capabilities at the level of a data center

Previously, NVIDIA CEO Jensen Huang made remarks in public about the landscape of the AI competition, basing his judgment primarily on the scale of computing power at the infrastructure level rather than the models themselves.

Three directions mentioned:
xAI, corresponding to foundational cognitive intelligence
Tesla, corresponding to autonomous driving and real-time data acquisition
Optimus, corresponding to humanoid robots

Tesla’s AI factories are equipped with large quantities of NVIDIA hardware, and its fleet is seen as the largest real-world data collection system currently in scale.

Notably, space computing is not a new concept; it has previously mostly been limited to research-level verification. This time marks the first publicly disclosed collaboration case in which a data-center-class GPU enters a commercial satellite payload. The key engineering challenges center on cooling and power consumption.

$SPCXB
#英伟达 #SpaceX #Aİ

SpaceX Releases 2026 Q2 Results: Revenue Reaches $7.8 Billion, Up 92%

U.S. commercial space company SpaceX has released its financial data for the second quarter of 2026.

Key Financials:
Revenue: $7.8 billion, up 92%
Net loss: $541 million, narrowing by $467 million compared with the $1.0 billion loss in the same period last year
Adjusted EBITDA: $3.5 billion, up 191%, increasing from $1.2 billion to $3.5 billion
Diluted loss per share: $0.09

Backlog Breakdown:
About 56% is expected to be recognized as revenue within 1 year
About 34% is expected to be recognized as revenue in 1 to 3 years

Business Highlights:
In the past 90 days, completed two Starship V3 prototype test flights
Communications segment revenue grew 66% year over year; operating profit grew 79% year over year. The main drivers were a doubling of Starlink user scale and strong growth in government and enterprise business
Starshield has secured multi-year U.S. government orders worth over $6 billion
Signed multiple cloud services cooperation agreements, with total contract value of $14.1 billion

Notably, the size of shares set to be released from lockup on August 6 is relatively large. Since the stock peaked after listing, SpaceX’s share price has fallen by more than 50% in total, and the market appears overly sensitive to potential selling pressure before and after the release.

$SPCXB
#SpaceX #U.S. stock

CZ presents his view: statistically, custody on exchanges may be safer than self-custody

On August 4, Binance founder CZ said on a social platform that, based on statistical data, storing crypto assets on centralized exchanges may be safer than self-custody.

There are several statistical issues with the data itself:

When centralized exchanges are hacked, it usually becomes major news and the scale of losses is likely to be fully recorded; whereas in self-custody scenarios, loss of private keys or local wallet theft often is not publicly disclosed, creating a clear statistical blind spot.

Exchange-side data also includes some losses caused by platform insolvency and shutdowns, further interfering with the comparability of the figures.

Binance and some top exchanges have protection funds that compensate users for losses resulting from security incidents; these losses differ from the original statistical data in the final net amounts.

In his post, CZ also emphasized that he is not claiming one custody method is absolutely better than the other; the two approaches have different risk profiles and are suited to different types of investors.

In related discussions, diversified allocation has been mentioned more often.

#CZ #币安 $BTC

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@周周1688