On August 12, news emerged that Hyperliquid is looking to explore pathways to enter the U.S. market for its perpetual contracts. Currently, the platform is not open to U.S. users. Previously, the Hyperliquid Policy Center, funded by Hyper Foundation, has conducted policy research and initiatives in Washington to advocate for the establishment of a regulated access framework for on-chain perpetual contracts and decentralized market infrastructure in the U.S. (The Information)

On August 12, during Tencent's Q2 2026 earnings conference call, President Liu Chiping addressed the issue of increased capital expenditure in the second quarter. He stated that Tencent is indeed making significant investments in computing power and has already seen a clear potential for returns. Several new applications are performing well. Additionally, the computing power used for cloud leasing services is expected to bring considerable revenue growth, enhancing the return on capital expenditure. Regarding some previously placed computing power orders, if sold, they could yield profits exceeding 30% compared to the purchase price from a few months ago.

The Dow Jones increased by 0.3%, while the S&P 500 rose by 0.5%. CoreWeave surged approximately 21% after its Q2 revenue doubled, exceeding expectations, with backlog orders reaching $104 billion. AMD saw a rise of about 9% due to sustained demand for AI infrastructure, with last quarter's sales nearly doubling and guidance for this quarter and the new fiscal year significantly surpassing expectations. Optical communication stocks broadly increased, with Lumentum rising around 11% as strong AI optical communication demand led to a doubling of its revenue last quarter, and its guidance for this quarter also exceeded expectations, despite a debt restructuring resulting in a massive loss of over $7 billion. Marvell Technology climbed about 5%, Coherent rose about 7%, Credo increased around 7%, and Corning gained about 5%. Nebius saw an increase of approximately 15% after its Q2 revenue exceeded expectations. Memory chip stocks also broadly rose, with SK Hynix increasing by about 6%. Data showed that the U.S. core inflation in July performed moderately, which may ease pressure on the Federal Reserve to raise interest rates. The core CPI in July increased by 2.5% year-on-year, matching the lowest growth rate since March 2021 and in line with expectations, compared to a previous increase of 2.6%.

Nasdaq 100 futures rose by 1%; S&P 500 futures increased by 0.5%.

On August 12, Bank of America announced the launch of a critical infrastructure financing initiative, planning to invest $250 billion in U.S. digital and infrastructure projects to celebrate the 250th anniversary of the founding of the United States. The initiative aims to strengthen and modernize the nation's infrastructure, support energy security, and enhance job opportunities and economic competitiveness.

According to prediction market Ploymarket, the probability of a Federal Reserve rate hike in September has dropped to 34% following the release of CPI data. This is the lowest probability for a September rate hike since July 17, and is only half of what it was on that date.

Matheus Dibo, head of investment strategy for Europe, the Middle East, and Africa at Goldman Sachs, stated that the Federal Reserve is likely to maintain interest rates unchanged throughout 2026, with inflation risks expected to ease in the second half of the year. "Clearly, the market is still digesting the expectations for interest rate hikes, but we actually disagree with this view and believe that the Fed will keep rates unchanged for the foreseeable future," Dibo said in an interview on Wednesday. He noted that the inflation data released earlier this year was influenced by oil prices, the World Cup, and tariffs, but there are currently few signs that inflation will spread throughout the remainder of 2026. Dibo added that, given trends in the housing market, housing inflation should also ease. (Bloomberg)

Market data shows that BTC has fallen below $64,000, currently priced at $63,996.44, with a 24-hour decline of 0.52%. The market is experiencing significant volatility, so please ensure proper risk management.

On August 12, Goldman Sachs stated that the performance of the U.S. Consumer Price Index in July is 'encouraging'.

On August 12, it was reported that the US unadjusted CPI year-on-year for July recorded a 3.4% increase, the smallest rise since March, which aligns with market expectations. (Jin Shi)