沧楠晟

A paper scared the mainstream capital for optical modules half to death! “Yi Zhongtian” led the entire optical-module sector into a sharp drop.
Researchers from institutions including Hynix and the University of Virginia, together with others, jointly published a paper in the top scientific journal Nature Electronics, systematically outlining the roadmap for the development of Co-Packaged Optics (CPO) technology in high-performance computing and AI. The paper’s long-term vision is to extend optical interconnects further to memory interfaces—this is the same idea as the previously mentioned “near-packaging,” which is about reducing optical modules. It’s basically these shallow funds scaring themselves; it also shows that the optical-module sector’s sentiment has risen too high—when technological innovation comes, some superficial capital will scatter.
Of course, there will also be many stocks that are mistakenly targeted by the market. At this time, the individual stocks on the wind-and-wave edge within the sector should be temporarily avoided; only if a core company that is traded in the A-shares market is mistakenly sold off by the market, then that is an excellent opportunity.
The key is that the viewpoint in this paper involving Hynix is a kind of expectation for the future over a very long period—one that may truly be realized years from now. Even now, packaging technology will still exist. In the current technical state, the entire supply chain is mature, complete, and large-scale. This is precisely the moment for an excellent opportunity to exploit a valuation/misperception gap in the market! $SKHYNIX
$SNDK
$MU
#美国财政部将回购上限翻倍至40亿美元

$Micron MU$ drops to 900, $SanDisk SNDK$ drops to 1400. A future-foretold-to-fall asset—every time you keep buying it, you’ll just end up buying yourself to death. This doesn’t even include the fact that China’s major memory companies may suddenly start an overcapacity ramp-up at any time #美股

Insiders: U.S. Treasury Secretary Bessent may use nearly $1 trillion from the Treasury’s general account to provide funding for a bond repurchase program. But the market has stopped believing; the Nasdaq fell 1%, Hynix fell 7%, and SanDisk fell 10% $SNDK
$KORU
$MU

After the sharp drop in China’s A-share market, U.S. stock futures are weak before the open; pressure on tomorrow’s market looks relatively high.

Today, China’s A-share market closed lower. Although the index’s decline was limited, it broke below the key 3,900-point level, and the technology sector suffered heavily.

U.S. pre-market trading also weakened in tandem. Nasdaq futures fell by more than 0.5%, and technology stocks broadly declined. Ahead of the open, Nvidia was close to -0.2%, SanDisk fell by more than 5%, and Micron fell by more than 3%.

Root cause of the decline

The key issue is that U.S. Treasury yields have remained at elevated levels, continuously draining liquidity from equities and worsening global risk appetite overall. The same negative factor is weighing on both A-shares and U.S. stocks at the same time. This means risk assets are collectively under pressure, but it does not necessarily indicate that the two countries’ fundamentals have deteriorated in sync. Going forward, the market will still revert to its own fundamentals.

U.S. tech stocks are very likely to remain under downward pressure tonight. This suggests that investors’ concerns have not been resolved, and the timing of any rebound may be delayed.
$SNDK
$SKHYNIX
$MU

The same script—tonight we performed it for the third time.

VELVET’s market maker is DWF Labs. In June, it was pulled from 0.09 to 0.9—a tenfold surge. During that period, the project team’s related addresses transferred 22 million VELVET (about $19.8 million) to the exchange. At the same time, DWF Labs transferred 6.68 million VELVET (about $6 million). On August 18, it was dumped from 0.815 down to 0.538. On-chain data captured three addresses collectively dumping 47.9 million tokens, accounting for 4.2% of the circulating supply. Today, it was smashed from 0.9 to 0.17, then bounced back from 0.17 to 0.4—same “pump-and-dump, dump-and-smash, lure-long” routine. The protagonist changed, but the script didn’t.

On-chain data tells you: someone is waiting for you at 0.4.

Open interest collapsed from 15 million to 4.9 million and then rebounded. This isn’t new money coming in. It’s the shorts moving to cover after the long positions got liquidated. “After a giant whale finishes dumping, historically 80% of the time it drifts lower. The rebound is an opportunity to reduce positions.”

At the 0.4 level, above are all trapped chips. Placing a sell order has far more liquidity than placing a buy order. Want it to go up? Someone has to use real money to help the people above get out of their bags.

0.4 isn’t a bottom—it’s a new distribution range.

Today the lowest it hit was 0.1756. It bounced back from 0.17 to 0.4, surging more than 120%. But after a deep drop like this, a violent rebound is often not a reversal—it’s the shorts closing positions and the market maker luring longs. Once the retail FOMO crowd has been picked up by the trap, it’s just a matter of another little needle. $VELVET

$VELVET touched bottom and rebounded
With this kind of drop, it’s either back to zero or a “golden pit.” Velvet’s fundamentals haven’t broken, the industry hasn’t cooled, and the product is still moving forward—I’m more inclined to believe it’s the latter. When people panic, it’s often the time to be greedy.

$BTW profits piling up like a mountain. BTW starting from $0.10 in early August, it surged past $0.20, $0.30, and $0.40, hitting a peak above $0.70, with a cumulative gain of over 500%. During this period, on-chain monitoring found two large wallets repeatedly distributing via the DEX through many small orders. The daily RSI is still as high as 76.85, placing it in an extremely overbought zone.

$TUT This K-line chart looks more and more like it’s about to take a dive.

At the 0.08 level, it hasn’t been able to break through twice. On August 9 it surged to a high and then pulled back to close with a long upper shadow. On the 24th, the rebound again got stuck at 0.08. The same level has been smashed down twice—this shows there is heavy selling pressure overhead. It’s not a coincidence; someone is waiting at 0.08 to unload.

The rebound is on shrinking volume, and fewer people are chasing. In the first wave, it was pushed from 0.02 to 0.29 with a huge volume—real money was moving it. In the second wave, it went from 0.04 to 0.08, but the volume was clearly smaller. The price rises, but nobody follows—this is called “volume-price divergence,” a classic signal of weak momentum.

On the 4-hour chart, the MACD shows a top divergence. The price made a new high, but the MACD didn’t keep up—so the price can’t keep climbing. The bulls are struggling and breathing hard; things could turn sour at any moment.

$UAI stepped into the AI Agent boom. Data shows that on-chain daily active AI Agents have reached 250,000, up more than 400% compared with 2025. In a public statement, the Grayscale research head said that networks such as Ethereum and Solana will benefit from AI applications in agentic finance. UAI is right at the center of this narrative. What UAI has tapped is the hottest track in 2026—DeFAI (DeFi + AI). It aims to let AI agents autonomously execute on-chain transactions and manage assets, moving from “decision support” to “automatic execution.”

$PORTAL Animoca Brands has personally stepped in—this is the fiercest kind of capital in the gaming space. The original founder of Portal has stepped down; they’ve appointed a former Ubisoft game director as CEO—putting professionals in charge of professional work.

Portal has rolled out a 2.0 strategy to build an AI game generation platform: you type a few words, and the AI generates a game for you. AI + games—this is the current hot track. They also plan to use the money earned from AI tools to buy back PORTAL tokens.

The lineup of investors is also quite intimidating—Coinbase Ventures, and Ventures have invested. Among the partners is big IP like Space Nation.

Energy metals have also tumbled; the remaining gold stocks are the only standout. Recently, the surge in gold has been driven by risk-off sentiment.

This year, gold has given the market a very real lesson: after a big spike, a sharp pullback will follow, and the rebounds come just as swift.

Between institutions, opinions are also split—some remain bullish, while others warn of the risks of volatility. For ordinary people, you need to distinguish between buying gold jewelry for consumption and investing in gold.

Jewelry includes labor costs, so it isn’t suitable as a wealth-management tool. Don’t let short-term price action influence you, and don’t use money you need soon to heavily bet on the gold price.

Wall Street investment banks have been saying that gold is no good: “It’s going to fall,” “It’s going to drop sharply.” But the latest holdings report shows their gold positions have actually increased significantly. Those banks are being sneaky.

The 4644 upside target has been achieved. The 4737 resistance level is being tested. For the most part, people don’t dare to buy gold in the 8-handle range; gold in the 12-handle range is being rushed to buy. That’s how investors are.

​​$XAU
$XAG
$CL
#金价逼近三个月高位

$TRUMP 🈳
In August, an additional 28.02 million TRUMP tokens still need to be unlocked, worth $40.9 million, accounting for 11.28% of the circulating supply. Every day, new coins keep getting dumped.

Senators Warren and Blumenthal have officially sent a letter to the SEC, asking them to investigate whether TRUMP involves fraud. The letter directly says this could constitute a “Rug Pull” scam—major negative news

$SPK Buying from the front row and more!
Ongoing buybacks and burns create a deflationary flywheel. In Q2, completed a $1.31M SPK token buyback. In the prior two months, about $986K was spent to buy back 41.37M SPK tokens at an average buyback price of $0.0238. The current price is hovering around the buyback average.
Staking volume has surpassed 630M tokens, with the token being actively locked. Although SPK emissions were reduced by 40% in January, staking volume continues to grow. Q4 activities attracted over 633.5M SPK to be staked. Large amounts of tokens are being removed from circulation, reducing immediate sell pressure.

$MORPHO DeFi’s strongest dark horse as institutions go all-in

TVL is exploding, challenging Aave’s dominance. Morpho’s total value locked has reached approximately $7.7 billion, and in May Morpho Blue hit a TVL peak of $11.8 billion. From $6.5 billion TVL across 37 chains to edging toward Aave’s $12 billion, the gap is rapidly narrowing.

Top institutions collectively place their bets, driving the valuation to $2 billion. Paradigm, a16z crypto, and Ribbit Capital co-led a $175 million funding round, with total funding exceeding $250 million. Apollo Global Management has made a strategic investment, and Standard Chartered Bank has set a 2030 target price of $60.

Compliant expansion + Robinhood integration, opening up a billion-level market. On July 28, HashKey, a licensed exchange in Hong Kong, officially went live. Robinhood Earn has integrated Morpho infrastructure, reaching about 28 million funded accounts. Coinbase has issued more than $2 billion in loans via Morpho infrastructure.

Buffett: Everyone is eager to give answers.
Those who are willing to ask questions first are often closer to the truth.

When everyone says that opportunities are here, what you should most often do is not rush in blindly, but first ask yourself three questions:
Do I truly understand this matter?
Is the cost reasonable?
If I make the wrong judgment, can I bear the resulting losses?

The crowd’s voices are loud and clamorous, but loud does not mean the direction is right. $TRUMP
$XRP
#比特币创2023年3月来最强周涨幅 $TUT

Media: The US unemployment rate continues to rise, with one quarter of the population “functionally unemployed” ​$TRUMP
$ETH
#美加贸易谈判破裂加拿大誓言反制 $ZEC

$PENGU This penguin is a little different from other Meme coins—it really has a real-world business propping it up. Other coins rely on storytelling; the penguin relies on selling toys. Plush toy stores have been placed in more than 1,800 Target stores across the U.S., and Walmart has carried them for two years as well. Just the toys have sold over 1 million units. Plus, the licensing model lets NFT holders receive 5% of the net revenue from physical products. This setup ties the on-chain and off-chain together.

Recently, PENGU has still been a regular on the trending charts across major platforms, which shows that attention is picking up. On Binance, search volume has long been near the top, and the hot money in the meme sector seems to be flowing back. The contract data is also solid: the big players’ long/short ratio is 1.46, with long positions making up about 60% and still adding. Real capital is putting money on the line. Even though there are unlock-related sell pressures in the market, every time the dip happens, buy orders step in and absorb it—suggesting the funds haven’t left.

That said, with a real business, strong momentum, and large holders buying, PENGU is far better than pure air coins. If the pullback stabilizes, it’s worth taking a look $PENGU