Analysis: Tech Stock Panic Drags Down Risk Appetite, Dollar Regains Safe-Haven Buying Support

Odaily reports: According to The Information, two sources said that TSMC (TSM.N) is considering expanding into advanced memory chip manufacturing, a move that would give the world's largest chipmaker a larger share of the AI hardware supply chain. TSMC (TSM.N) recently began drawing up plans to produce a specific type of advanced memory chip — 3D DRAM — in response to a request from its largest customer, Nvidia (NVDA.O).DRAM, or dynamic random-access memory, holds data while a processor uses it. Unlike conventional DRAM, which places memory cells in a single layer, 3D DRAM stacks cells vertically to hold more memory. Memory chip manufacturing is currently dominated by Samsung Electronics, SK Hynix and Micron Technology. These three companies are also developing 3D DRAM technology, competing in next-generation memory manufacturing. A severe shortage of memory chips triggered by the AI hardware boom has sent prices soaring and prompted chip design companies such as Nvidia and Apple to look for additional sources of supply.Earlier this year, Apple raised prices for its devices due to rising memory costs. (Jinshi)

Odaily reports that renowned investor Jason Calacanis stated on X that a market bottom may have already formed, but tech stock valuations could still fall a further 10%, at which point it would be his ideal buying opportunity. He also revealed that all of his currently available "idle funds" are being used to add to positions in Tesla (TSLA), SpaceX (SPCX), Uber (UBER), Amazon (AMZN), Shopify (SHOP), Microsoft (MSFT), Google (GOOG), Apple (AAPL), and other stocks.Jason also made a series of predictions about future market trends: Democrats will push for the United States to withdraw from Iran-related actions, and Trump will use this to declare the mission accomplished; inflation will then subside; Democrats will shift to supporting data centers and AI development in exchange for adjustments to tax cuts for the wealthy and regulation of frontier AI models; Trump will push through related political agreements and further consolidate his political legacy through the completion of the White House ballroom and pardons. He expects that as the above events unfold, the market will ultimately reach new all-time highs.

Odaily reports that according to Lookonchain monitoring, a whale resumed buying BTC after more than a year and accumulated 3,009 BTC today, worth $228 million.

Odaily reports that Binance co-founder He Yi posted that Binance's latest Proof of Reserves (PoR) zero-knowledge proof (ZKProof) is ready, and users can independently verify whether their account balances on Binance are backed by assets at a ratio of at least 1:1. He Yi also noted that there is a certain time lag between the completion of the Proof of Reserves and users' ability to conduct independent verification, depending on asset size, and that this process is not controlled by Binance.

Odaily reports that, according to Arkham monitoring, about one hour ago BlackRock deposited 1,883 BTC, worth approximately $143 million, into a Coinbase Prime hot wallet address through its bitcoin exchange-traded fund IBIT.

According to MSX.COM data, BMNR has fallen 10.7% over the past 24 hours and is currently trading at 19.09 USDT.