kithe

Samsung plans to return up to 1.1 million trillion won this year (US$80 billion) to shareholders, setting a new record—5 times higher than the record in 2020. Where does the money come from?

Demand for AI chips has exploded. In Q2, net profit surged nearly 13-fold year over year.

The combination of buybacks and dividends is what’s being thrown at the market, and the stock price jumped 3.87% on Friday. Over at SK Hynix, they’re also buying back shares. Both semiconductor giants are collectively showing off their "cash-generating" ability. The message is clear: this AI wave really can make money.

When it comes to making money, the contrast is stark: Samsung is using cash to buy back its own shares and reward shareholders—an unequivocal vote of confidence. Meanwhile, on the crypto side, a certain big whale is busy moving BTC to exchanges to sell. One buys, one sells—the vibe couldn’t be more different.

At times like this, Samsung’s cash power can help put a thumb on the scale for the market, and it also serves as a concrete footnote to the "AI bull market." $SAMSUNG

Over the past couple of days, there have been a few big moves on-chain, and it feels like the market’s selling pressure is slowly starting to show up:

1️⃣ 7 Siblings sold more than 26,000 ETH in one go, worth over $62 million. Even though they still hold $760 million worth of ETH, selling at this scale still creates quite a bit of pressure.

2️⃣ Jump Crypto transferred 1,140 BTC to Binance, close to $89 million. Transfers to exchanges usually aren’t just for sightseeing.

3️⃣ Multicoin Capital also moved $14.54 million worth of HYPE into Coinbase, and the selling intent is similarly quite obvious.

It’s still too early to say institutions are collectively bearish, but big money has begun moving its chips to exchanges—this is definitely a signal worth keeping an eye on. Don’t get too carried away in the short term; the market may still need to digest this selling pressure.
$ETH $HYPE

Another Bitcoin mining company is set to list on the US stock market. However, this one clearly follows a "small but excellent" approach.

Key highlights:

Bitari filed an S-1 with the SEC, planning to IPO on Nasdaq, raising $30 million
To issue about 4.28 million shares at $7 per share
Ticker symbol BIAI

Quick look at a few points:

1️⃣ The mining scale isn’t small
It already has a 20MW mining facility in operation, and two other 20MW projects are also underway, for a total planned capacity of 60MW.

2️⃣ What is this financing for?
The main goal is to expand infrastructure. Bitcoin mining isn’t just about mining rigs anymore—power supply, sites, and operational capabilities are the real barriers.

Now, when mining companies IPO, they’re essentially betting that the Bitcoin mining industry can keep expanding in the future. Bitari isn’t especially large yet, but if the subsequent mining sites come online smoothly, the story will be easier to sell than a simple "mining Bitcoin" narrative.
Still, whether the IPO proceeds can truly be converted into production capacity is the key thing worth watching next.

Risk point: all three mining sites are in planning or construction, and only one 20MW facility is actually already operational, so the revenue scale is very limited.

$BTC

Recently, I’ve been working on the axisrobotics robot project. This is the first project after Kaito’s recovery.

I feel like it shouldn’t be bad. Also, with so much FOMO in the robotics scene right now—big Hair Alert!

Last night, I played from 8 p.m. to 10 p.m. and somehow managed to complete more than thirty tasks. It’s clear I’m gradually getting the hang of it.

It feels like new players at the beginning will probably be just like me:

Open a task → utterly confused → spend half a day figuring out what exactly you’re supposed to do.

Let me share a few small tips I’ve figured out so far, for friends who are just starting.

Step one: first, look at the English task name at the top-left.

After you join a task, immediately check the task description in the top-left corner.

Once you know the task name, you basically know what we’re going to do next.

For example, in the picture I took, the task is: place the toothbrush to the left side of the toothpaste.

Step two: double-click the target object.

After you find the thing that needs to be moved, you can just double-click it.

That way, the robot arm will move to the target position faster, and then we can fine-tune it ourselves a bit afterward—saving a lot of time.

Step three: watch the blinking frame on the desktop.

After picking up the object and moving it, a blinking frame will appear on the desktop.

At this point, don’t overthink it—just move the item into the area of that frame, and you’ll basically be done.

Of course, these are just the operating habits I’ve figured out so far.

Surely many teachers are already playing at top speed.

If you have faster, more time-saving tips, feel free to share.

I’m going to work myself into the ground.

Link: https://s.kaito.ai/jETvT0y

#撸毛分享

Regarding the CLARITY Act, my judgment is simple:

In the short term, it’s unlikely to pass, but it’s also not that important.
1. The bill matters, but it’s not a must-have option
The core is to use legislation to clearly draw the regulatory boundary between the SEC and the CFTC.
But the Senate has already been blocking it for months—DeFi and stablecoin yield are still being debated, and with the midterm elections, the time window is actually very short.
So I’m not too concerned about whether it passes.

2. What’s really worth watching is probability volatility
Trump’s remarks, the SEC compliance ICO framework, and CFTC Chair Selig’s statements could all make the likelihood of passage jump in the short term.
I opened my position with @bagel_win at within 20%; now it’s already back to 28%.
So:
Don’t bet on the outcome—watch the probability.

3. Regulation has already been stepping in early
The SEC’s compliance ICO channel is essentially laying a track for tokens:
Securities → leaving the securities attribute → commodities

The CFTC is also pushing exchanges, broker-dealers, market makers, and perpetual platforms into the regulatory system, and Hyperliquid will most likely follow this path too.

Plus, with token taxonomy, asset classification, issuance, and trading regulation are all being rolled out gradually.

So, to put it plainly:
Even if CLARITY doesn’t pass, regulation won’t stop.
Of course—what if it does pass? Then consider it as waiting in advance.😏
$BTC
#特朗普敦促国会通过Clarity法案

TermMax’s Curator Mechanism: Who Manages Risk in the Fixed-Income Market?

@TermMax In traditional finance, mature products are always backed by professional institutions that handle asset screening, risk assessment, and capital management—especially in fixed income. Users don’t just look at yield; they also want to know where the yield comes from, whether the underlying assets are high-quality, and how the risks are controlled. TermMax’s Curator mechanism is designed to solve exactly this.

You can think of Curator as a professional manager in the fixed-income market. It develops strategies and participates in risk controls tailored to different assets and markets, helping capital find suitable allocation directions. The role is similar to a fund manager and asset management institution in traditional finance.

On-chain assets are no longer limited to BTC, ETH, and stablecoins. In the future, RWA, tokenized stocks, and many other asset types will come in, with significantly different risk-and-return logic. It’s hard to manage everything well by applying the same set of rules. Going forward, the fixed-income market won’t just compete on capital size—it will also compete on the ability to manage assets and risk.

At its core, it’s about matching capital with risk. Lenders want stable returns, but they don’t have the time or energy to research every individual asset. Borrowers want financing, but they also must meet risk requirements. Curators act as a more professional bridge between the two sides, forming more reasonable interest rates and clearer risk boundaries.

Of course, this mechanism must be proven over time: how to select reliable Curators, how to evaluate strategies, and how to prevent excessive concentration of risk—these will determine whether the system can truly work.

Early DeFi emphasized openness and participation by everyone, but as the market grows, professional division of labor is inevitable. From fixed-rate lending to RWA, options, institutional financing, and then to a Curator system—TermMax is building a fixed-income infrastructure.

As the $TMX TGE gets closer, it’s worth looking not only at token incentives, but also at whether these mechanisms can grow into an ecosystem that runs continuously.
#TermMax

South Korea is going to tax crypto assets—meaning even overseas exchanges and private-key wallets won’t be able to escape. Starting in 2027, if you make a profit, you’ll have to pay a 20% tax, and the combined local taxes can reach 22%. The National Tax Service also admits that tracking individual wallets is difficult, but it’s preparing technical means.

This move is quite interesting—it shows that regulators are starting to take the “income” attribute of crypto assets seriously. In the past, everyone thought of it as an investment, but now it’s being treated as “other income.” Underneath, it reflects how the whole industry is becoming increasingly mainstream, and even the tax system has to keep up.

What once seemed far from us now looks like compliance and transparency are becoming the trend.

Polygon Labs' CEO says stablecoins can improve capital efficiency—this actually makes a lot of sense. Think about it: most people's money in their wallets is basically just “lying around” there all day, doing nothing.

Payment speed is becoming increasingly crucial, especially for cross-border and high-frequency scenarios. Millisecond-level performance isn’t something to brag about—it’s genuinely needed. Traditional banks are still slow in transferring, while on-chain payments have already gotten close to real-time.

I think the market may not have fully caught on yet—what can truly create a gap is the projects that can push capital utilization higher. Pair stablecoins with high-frequency payments, and this combination looks quite promising.

In the coming years, whoever is able to tackle this first will most likely be able to attract more real users with real money.
$POL

Brothers, pay attention! $ALIGN goes live today!

Aligned has always stayed relatively low-key, but what it does is very practical—helping fintechs and institutions use Ethereum as the backend for global finance.

Wallets, one-click Rollup, ZK proof aggregation, interoperability—everything is packaged for you, no more cobbling together a pile of vendors. The team itself is made up of old hands from Starknet and zkSync, and they’re from LambdaClass—solid technical foundations.

The biggest news today is that at 3:00 PM UTC (11:00 PM Beijing time), $ALIGN will officially TGE! Total supply is 10 billion, with initial circulating supply of about 16%. Even more intense: Coinbase has already publicly announced support. You can generate a deposit address directly on Coinbase. Transfers still have to wait for the issuer to unlock, but the big exchange’s entry is a pretty clear signal.

Airdrops can also be checked—just connect your wallet on the community page. Small allocations get paid out directly; larger ones will be released. The project has evolved from proving ZK cheaply to becoming a full financial infrastructure. Now the token has landed—next, it’s all about real-world deployment and partnership progress. If you’re interested, go check the official website and follow @alignedlayer to learn more.

$ALIGN is launching today—just keep an eye on what happens next.

Is this real bull energy, bro?

For three consecutive days now, they’ve been minting USDC nonstop.

Today Circle also directly minted 500 million USDC on Solana—two times, 250 million each.

Large-scale stablecoin minting basically means real money is moving in. And especially since it’s being poured into Solana—Solana has already been bustling these past few days. With funds adding another push, it feels like market sentiment is being propped up a bit again.

Of course, minting doesn’t equal an immediate surge. But this kind of rhythm for three straight days at least suggests that big players or institutions are preparing ammunition. You decide for yourselves—don’t just stare at price moves. This flow of funds is also worth keeping an extra eye on.$CRCL $SOL

No wonder they pulled the market just now

A White House adviser publicly stated support for the crypto bill—this move is kind of interesting.

The CLARITY Act has just passed Congress, and someone has already stepped up to back it, which shows the market is becoming increasingly sensitive to policy developments.

The core of the bill is to grant clear legal status to crypto assets. In plain terms, it’s about making regulation clearer.

The key now is whether the Senate can push it to a vote before September 15. Dragging it out too long could affect industry confidence.

Behind all this, it reflects the fact that the U.S. is trying to balance innovation and risk.

Don’t rush to shout “a bull market is here,” but at least it indicates the policy direction hasn’t gone off track.

What the crypto industry needs isn’t a giant leap forward, but stable expectations.
$BTC

Bitcoin’s veteran players have started eyeing $100,000. After a surge last year, they sold in bulk, and market expectations were dashed—there’s been a fair amount of selling pressure. This round of moves is quite interesting; it shows that old “weed” also has its own rhythm.

The idea of combining AI with blockchain sounds like science fiction, but the signs have been there for a while. If trading and settlement happen on-chain, it could be more efficient and more transparent than it is today.

Institutions and family offices are moving in, and the composition of Bitcoin holders is changing. From geeks to professional players—this is a signal that it’s gaining mainstream acceptance.

Over the next decade, areas like computing power, energy, AI, and finance will get even busier, and Bitcoin may just be one piece of the puzzle. Don’t just focus on the price—watch the big-picture trends.
$BTC

TermMax launches TermPrime on the Canton Network—this is worth discussing on its own.

At first glance, it just looks like “another chain上线.” But combined with its positioning, this isn’t multi-chain expansion; it’s @TermMax building the infrastructure for directly courting institutional finance.

Institutions are different from crypto-native users. The latter care about openness, liquidity, and returns. After institutions move on-chain, they care much more about who the counterparty is, whether the assets are compliant, how funds are settled, and how privacy is handled.

These factors mean institutional finance can’t simply copy the logic of ordinary DeFi.
Canton Network itself leans toward institutional finance and asset tokenization. TermPrime provides fixed-rate, fixed-tenor financing here—connecting on-chain assets with institutional-level funding needs.

What institutions often need most isn’t “the highest yield,” but predictability. For a loan over days or months, whether the cost can be determined in advance directly affects the risk–return profile. When the borrower knows the cost ahead of time and the lender knows the return ahead of time—closing around a clearly defined maturity—this is more suitable for institutional funds that manage cash flow and risk budgets than floating-rate dynamics that change day to day.

The first deal is a good example: a 7-day term, two counterparties completing KYB, borrowing Canton Coin against CBTC collateral, and repaying before maturity. The scale isn’t large, but the thinking is clear—start fixed-rate financing in a professional environment, then gradually expand.

TermMax now has two routes:

One is an open market for DeFi users (fixed-rate lending/borrowing, Vaults, options, and multi-chain assets). The other is TermPrime for institutions (fixed-tenor financing, institutional counterparties, and tokenized assets). They look different on the surface, but the underlying logic is the same—give on-chain capital a clearer time horizon, interest structure, and risk profile.

As RWA continues to develop and institutional capital enters the market, what people will want isn’t only “tokenizing assets.” After assets are on-chain, they also need financing, lending, yield, and risk management. A fixed-rate market layer is precisely the part that’s missing and indispensable.

August 25 and the $TMX TGE are getting closer. What’s worth watching next is whether TermMax can connect the already launched products across different ecosystems—turning fixed-income concepts into a real on-chain financial market with meaningful scale.#TermMax

If a movie IP stays only in movies, its lifecycle is actually limited.

But if it can enter the community, it’s completely different.

What $niulai is doing now is bringing “NiuLai” into the Meme community.
Everyone can keep playing with references, discussing, and creating around the film.

This direction is still early, but I think it’s worth paying attention to. #niulai #NiuLai

Nikita just stepped down two days ago.

Today, the team he left behind has rolled out “original content rewards,” saying they want to address bots, spammy content, and engagement-bait.

So you’ve all been waiting for him to leave before you dared to launch this whole thing? 🙈

Mad again, these past two days have been messing with $KORU

This BSC river has both run dry and risen with the tide. #Binance Life With one shovel down, the riverbed was broken open.

Now #AIDOGE is gushing out through that opening. The splash isn’t huge, but the force is strong. Whether you follow or not—see for yourself. Anyway, the river has already moved.

Don’t bring up anything about “value investing” to me—when you play on-chain, it’s all about fast eyes and quick hands.
#币安人生 rip open a gap, #USMCA slide in along the seam—community heat is getting hotter by the day.
If you really want my take—I’ll say one thing: quantity comes before price. Watch for yourself.

Today's penalty shootout is so exciting!

Morocco took the win over the Netherlands on penalties, and once again the Netherlands fell in a penalty shootout.

No one even knows how many times they’ve been knocked out on the spot.

Germany still calmly pulled off a cold upset and got eliminated 🤣

To be honest, the most unfortunate team is Japan—they were just one breath away from making history.

With the analytical data provided through liquid’s Co-Invest.

Among the three matches, the biggest odds discrepancy is in Belgium vs. Senegal, and it’s also the most likely game to produce an upset. England and the United States will most likely advance!