Bank of America Survey: US Dollar Faces Strongest Bearish Sentiment in 19 Years

The South Korean government plans to independently develop a 100-qubit quantum computer by 2029, and aims to become a leader in quantum chip manufacturing by 2035. (Jinshi)

According to official announcements, B3 Labs, founded by former Coinbase team members, has launched B3IQ, an AI infrastructure platform. Users can purchase dedicated NVIDIA GPU servers via installment plans. The machines are assembled in the U.S. by Andromeda, an American AI system manufacturer in which B3 Labs has invested, and hosted at data centers in Oregon. When the devices are idle, their computing power can be rented out to networks, with revenue either applied to outstanding server payments or kept as income. Research teams from institutions including Stanford University, New York University, and Dartmouth College are already using the platform for cancer research and custom model training. B3IQ is planning to rapidly expand its inventory of U.S.-assembled NVIDIA GPU systems to meet growing demand.

According to Upbit’s official announcement, due to an Ontology network upgrade, the South Korean crypto exchange will suspend deposits and withdrawals for digital assets built on the Ontology network starting at 23:00 KST on August 20, 2026. Affected assets include Ontology (ONT), Ontology Gas (ONG), and MovieBloc (MBL). Trading functions for these assets will remain operational during the suspension. Once the network upgrade is completed and confirmed stable, Upbit will restore deposit and withdrawal services via a subsequent announcement.

According to a report by the Financial Times, Federal Reserve official Collins stated that escalating tensions related to Iran have exacerbated cost-of-living pressures, leaving low-income Americans struggling to make ends meet. She warned that the Federal Reserve may need to raise interest rates to curb inflation. Collins noted that businesses and households in the U.S. Northeast are being squeezed by inflation, which has exceeded the central bank’s 2% target for over five years. “I hear about price issues almost every time I talk to businesses,” she said. She added: “Among low- and middle-income households, I’m increasingly hearing about the challenges they face… such as struggling to make ends meet. Energy prices are truly unbearable, especially in our region.” Collins currently does not hold a voting seat on the Federal Open Market Committee (FOMC). She supported keeping interest rates steady in July, and views the current rate level as “slightly restrictive,” which “will lead to a gradual, sustained decline in inflation expectations.” However, she noted that if economic data indicates a need for a rate hike, she is willing to support raising rates as early as September. “I do believe economic conditions in the coming months may require tighter policy, and in that case, I am prepared to raise interest rates,” she said.

Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours. Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).

According to Lookonchain monitoring, Japanese listed firm Metaplanet Inc. has transferred a total of 3,881 Bitcoin over the past three hours, valued at roughly $247.3 million. Data shows that Metaplanet currently holds around 43,000 BTC in total, with an average purchase cost of $96,191 per Bitcoin. Calculated at current prices, its Bitcoin holdings carry an unrealized loss of approximately $1.4 billion, representing a 34% loss.