Data point: 20:55 Beijing time | 08:55 New York time (pre-market window) | does not constitute investment advice

1. US stocks pre-market (vs. yesterday’s close)

Index/underlying price changes

SPY774.18+0.15%

QQQ723.34+0.34%

DIA539.62+0.12%

VIX15.53+0.45%

NVDA221.08+1.62%

MSTR97.82+0.50%

COIN149.91+0.83%

MARA9.92+3.78%

IBIT36.40+0.47%

Pre-market highlights: PLUG +14.62% (hydrogen energy rebound), OBX +7.69%, BTDR +3.62%, ASTS +2.18%
Pre-market dip: HIMS -7.08% (GLP-1 concept under pressure), QH -5.31%, RKLB -3.81%

NVDA regained yesterday’s -2.86% loss; the main driver is the ongoing build-up of the $500B AI infrastructure financing narrative. Mining stocks collectively rebounded, tracking BTC stabilizing.

II. Crypto quick news 19:00→21:00

  • BTC $64,305 (24h -1.04%, 2h flat)｜ETH $1,888 (-0.82%)

  • Total market cap $2.28T (-0.66%), sentiment neutral

  • Sector rotation: DeFi +1.02% stronger｜AI -1.43% / Solana -1.7% weaker

  • Watch: LINK +5%, M +66.7%, VELVET +63.7%

  • On-chain risk: LOBO (10x), Mayonesa (14x) volume/liquidity ratio is abnormal; Rug warning

III. Cross-market linkage early warning

  1. NVDA pre-market +1.62% → AI concept coin sentiment turning point: TAO/FET/RNDR may repair in the short term, but the AI sector is still -1.4% intraday — watch during the day to see whether it decouples

  2. MSTR +0.50% / COIN +0.83% / MARA +3.78%: These three related stocks broadly rise following BTC stabilizing; MSTR has been “decoupling” upward for two straight days — institutional accumulation signals

  3. Gold $4,455 hits a historical high + U.S. Treasuries 10Y at 4.70%: Real yields are elevated but gold doesn’t fall — traditional safe-haven logic still dominates; DXY 99.83 flat, giving crypto some breathing room

  4. Oil price 82.37: Hormuz risk hasn’t cleared — tomorrow’s OPEC monthly report (18:00 BJ) will likely amplify volatility

II. Today’s recap topics (usable tomorrow)

  1. NVDA $500B financing pre-market +1.62%: Can the compute narrative lift Bittensor / Render?

  2. Gold $4,455 + U.S. Treasuries 4.7% moving together: how to explain the risk-hedging vs. interest-rate paradox

  3. Before the Fed minutes: probability of September rate hikes at 44% — does the “inside story” of the 3 dissenting votes reveal anything?

  4. PLUG pre-market +14%: Can the hydrogen narrative borrow strength from the AI datacenter power-supply story?

  5. LAB up +2500% this week: Memecoin’s extreme行情 once again rings the Rug warning bell

V. Tonight’s calendar (BJ 21:00 - next day 04:30)

Time events importance 22:00🇺🇸 July Existing Home Sales (released 4.09M, better than 4.06M expected)⭐⭐ Next day 01:00🇺🇸 3-Year Treasury note auction⭐ Next day 02:00🇺🇸 Fed July FOMC meeting minutes ⭐⭐⭐ Next day 04:30🇺🇸 API Crude Oil Inventories⭐

VI. Key focus tomorrow

  1. 21:30 U.S. July CPI (expected 3.4% YoY, core 2.5%) — directly determines the September rate path

  2. Can NVDA hold $220? Can the $500B positive news break through the -3% down-candle?

  3. 02:00 FOMC minutes hawk/dove signals: the insider details behind July’s 3 dissenting votes — will market interpretation amplify volatility?

Data sources: yfinance pre-market quotes · CoinGecko · DexScreener · IGA Weekly Macro · Caixin
Generated time: 2026-08-11 20:55 GMT+8