Analysis: Ethereum to Face Record Short Squeeze, Will Reach $4000 "Soon"

According to market data from BIT (Bit.com), AI chipmaker Cerebras opened with a sharp 13.7% drop, trading at $226.5 per share. Cerebras' Q2 financial results were mixed: total revenue reached $210 million, up 103% year-over-year; cloud business revenue hit $126 million, surging nearly fourfold year-over-year, while hardware sales fell 23% year-over-year to $54.1 million. The company posted a net loss of $450.5 million for the quarter, compared to a net profit of $309.5 million in the same period last year.

According to market data from BIT (bit.com), the US-listed optical communications sector opened mixed. Leading optical communications giant Coherent (COHR) fell over 3% despite its new quarter’s earnings guidance exceeding all market expectations. The company reported Q4 fiscal quarter revenue of $2.05 billion in yesterday’s after-hours trading, up 34% year-over-year, beating the market forecast of $1.98–$2.02 billion. It projected Q1 fiscal quarter revenue of $2.20–$2.40 billion, higher than the expected $2.13 billion, with adjusted EPS forecast at $1.85–$2.05, also above the consensus estimate of $1.77. Pure Photonics ETF (FOTO) rose 0.05%; Corning (GLW) fell 0.19%; Marvell Technology (MRVL) gained 1.73%; Applied Optoelectronics (AAOI) dropped 1.10%. AAOI is a manufacturer of high-speed optical modules (800G/1.6T) focused on AI data center transceivers. Lumentum Holdings (LITE) declined 0.39%, a core supplier of optical communications lasers and modules serving major AI data center players. Coherent Corp (COHR) fell 3.76%, a leading provider of lasers, optical components and photonics solutions covering data center and industrial sectors. Ciena Corporation (CIEN) advanced 0.93%, which produces high-speed SerDes and connectivity chips and specializes in low-power interconnections for AI data centers.

Hardware wallet provider Trezor has disclosed that its fulfillment partner ShipMonk suffered a data breach, exposing the personal data of 13,689 Trezor customers. Among them, 11,742 had their full names, phone numbers, email addresses, and shipping addresses stolen, while 1,947 had their names, cities, and emails compromised. Affected customers placed orders between May 10 and August 8, with shipping addresses covering the U.S., U.K., Sweden, Colombia, Brazil, Italy, and Portugal. Trezor emphasized that its own systems were not breached, and its devices, private keys, and wallet backups remain unimpacted, noting the leak’s scope is currently under control. The company warned affected customers to be vigilant against phishing attacks, never to input their wallet recovery phrases or backups online, and to exercise caution toward any unsolicited communications.

According to BIT (bit.com) market data, U.S. stocks opened with the Dow Jones Industrial Average up 0.26%, the S&P 500 rising 0.29%, and the Nasdaq gaining 0.12%. Cisco (CSCO.O) fell 7.9%. While the company’s results exceeded expectations, they still failed to satisfy the market. Its fiscal 2027 sales guidance was also above market forecasts. For the fourth fiscal quarter, Cisco reported revenue of $17.3 billion, compared with market estimates of $16.85 billion. The company projects adjusted earnings per share (EPS) of $5.05 to $5.11 for fiscal 2027, versus the market expectation of $4.84. Cisco’s fourth-quarter AI orders from hyperscale cloud service providers reached $4 billion.

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DeFi protocol Neutrl announced that it has temporarily suspended minting, redemptions, and other protocol functions due to issues affecting its reserves. The platform will provide clear, orderly processing procedures for users in due course, with additional details on timelines and next steps to be released as soon as they are confirmed. Notably, on March 19 this year, Neutrl’s frontend was allegedly subject to an attack.