Goldman Sachs continues to upgrade its outlook for the semiconductor equipment cycle, projecting that the cycle could extend through 2028.

JPMorgan strategist Fabio Bassi believes US stocks still have room to rise by the end of the year, but the rally will rely more on sector rotation rather than a synchronized advance across all risk assets. The bank maintains a constructive view on equities, favoring high-quality growth stocks, cloud computing leaders, and semiconductor sectors that have undergone repricing. This assessment comes as US stock moves have grown more selective. Recently, volatility in the Nasdaq and Philadelphia Semiconductor Index has expanded significantly, with some previously strong stocks in the AI sector facing concentrated sell-offs. Investors have begun reassessing AI revenue realization, capital expenditure returns, and long-term interest rate pressures. JPMorgan notes that this volatility does not necessarily signal the end of the bull market; it is more likely an indication that capital is rotating out of crowded trades and into areas with higher earnings visibility and more digestible valuations. The bank also interprets the rise in long-term US Treasury yields as a sign of rising capital demand and improving investment opportunities. Investments in AI infrastructure, power grids, data centers, and cloud computing are absorbing large amounts of capital, and the market will continue to balance between "growth opportunities" and "financing costs".

SKHX rebounded at noon today, surging around 4.6% in two hours. Earlier, the "Storage Smart Money" wallet 0xc8b was still holding a short position this morning, and had pre-placed 100 buy orders in the $1,030–$1,060 range, planning to deploy roughly $20.9 million to wait for the next pullback. However, after SKHX started its rebound, the whale removed those low-price orders and directly purchased 35,600 SKHX units after 11 AM, with a total transaction value of approximately $41.646 million at an average price of $1,168.2. As of press time, the whale holds long positions worth around $43.014 million with 3x full leverage, posting an unrealized profit of ~$1.368 million (+9.9%) and a liquidation price of $636.7. It currently maintains two additional buy orders in the $1,162.6–$1,170 range, planning to invest another $2.074 million. The whale just closed 26,600 SKHX long positions at an average price of ~$1,210.9 yesterday, locking in a profit of roughly $1.952 million. Its current position size has expanded by approximately 34%. Previous update: SKHX smart money took profits and exited, with a $20.9 million buy order plan to enter at low levels.

According to GMGN market data, PONS is currently trading at $0.0975, with a market capitalization of approximately $97.54 million. It hit a high of $100.19 million within the past hour, briefly breaking through the $100 million threshold. Over the last 24 hours, PONS has surged 47.18%, with a 24-hour trading volume of around $18.9 million. PONS is the native token of Pons, a leading meme coin launchpad on Robinhood Chain.

According to monitoring by TradingBeats (formerly Hyperinsight), the so-called "819 insider whale" that placed a heavy $38.72 million position roughly one hour before Ethereum (ETH)’s rally on August 19 has not sold a single ETH, with its unrealized profit now expanding to $11.5 million. As of press time, ETH is trading at $2509.8, up approximately 29.6% from its entry price of $1936. The address continues to hold a 4x leveraged full position of 20,000 ETH, bringing the long position’s value to around $50.196 million, for a return of 118.6%. It is noted that this new address was activated on August 19, receiving $20 million in three separate transfers from the same source address within about two minutes. It then opened a full long position of 20,000 ETH at 20:52, just about an hour before ETH’s major uptrend kicked off. No additional positions, sell-offs, or take-profit/stop-loss orders have been observed so far. On-chain Perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time viewing of Hyperliquid data, tracing whale operations from addresses, and delivering in-depth, comprehensive analysis.

According to Lookonchain’s monitoring, two addresses suspected to belong to the same crypto whale closed out their BTC long positions an hour ago, after holding them for nearly two months and locking in a profit of $11.6 million.

According to SolanaFloor's monitoring, Circle minted approximately 1 billion additional USDC tokens on the Solana blockchain over the past 24 hours.