Institutions: Inflation Remains the Federal Reserve’s Primary Policy Concern

San Francisco Fed President Mary Daly said the Fed’s policy is in good shape, with no evidence supporting the need for an early interest rate hike.

US 30-year Treasury bonds have erased the gains stemming from yesterday’s announcement of a US Treasury repurchase operation.

CryptoQuant founder Ki Young Ju stated, "For the first time since Bitcoin hit its all-time high (ATH) in October 2025, demand for the leading cryptocurrency has turned positive across both spot and perpetual futures markets. The current scale of this demand growth remains limited, but if the trend persists for one month, it would be reasonable to conclude that the previous bear market has ended and a new bull cycle has begun."

Riot Platforms has signed AI data center lease agreements with two large tech clients, covering 241MW of critical IT capacity, corresponding to approximately $9.8 billion in long-term contract revenue. This move will accelerate the company’s transition from a business model focused primarily on Bitcoin mining to that of a large-scale data center developer. The larger of the two agreements is a 191MW custom-built lease signed between Riot Platforms and a leading cutting-edge AI lab, located at Riot’s Rockdale campus. The initial term of this agreement is 20 years, expiring in June 2048, and is expected to generate around $9.1 billion in contract revenue. If the client continues leasing after the base term ends, the revenue from the agreement could expand further. The agreement includes two 5-year renewal options; if both are exercised, the total potential contract value will rise to approximately $16.1 billion. Riot estimates that the initial term alone will generate cumulative net operating income of roughly $7.3 billion to $8.2 billion, equivalent to an annual average contribution of about $365 million to $411 million. The first phase of 96MW is scheduled for delivery in December 2027, with the full 191MW set to be deployed by June 2028.

US initial jobless claims for the week ended August 15 stood at 206,000, against an expected 210,000.

Micron Technology (MU.O) has launched Micron Research Labs.