Odaily News This week, in a rare scene, Jensen Huang joined forces with six Wall Street asset management giants to endorse "establishing AI computing power as an independent asset class." Analysts believe this is Huang putting into practice his proposed "token economics," and it also signals that the AI boom is extending from a technology race to a capital race. However, the latest plan has also raised investor concerns about "circular financing" and debt risks. Facing skepticism, Huang personally stepped forward again to reassure the market. He stated that Nvidia may "provide residual value support mechanisms of up to 25% for individual investment projects" and will prudently evaluate each project. Market sentiment has since eased somewhat. (CCTV Finance)

Odaily News: Robinhood's crypto division head, Johann Kerbrat, recently sat down for an interview on the threadguy podcast.

In the interview, Kerbrat stated: "Compared to other blockchain projects, one of our key differentiators is that we launched a chain but did not issue a coin. For us, blockchain is a purely technological piece, the infrastructure supporting all our new businesses. We don't have to constantly adjust our strategic priorities just to keep our token's price pumping or stable. This avoids massive distractions and is our huge advantage."

Odaily News: Tesla CEO Elon Musk received total compensation of approximately $15.83 billion in 2025, setting a record for executive pay. According to the AFL-CIO's executive compensation report, Musk's annual earnings are approximately 2.52 million times the average Tesla employee salary of $57,200, meaning it takes him just 4.23 seconds to earn what an average employee makes in a year.

The report shows that Musk's 2025 compensation primarily comes from restricted stock awards granted by Tesla, with the final value depending on the company's achievement of future performance targets. If all targets are met, the potential value of the compensation package could reach up to approximately $1 trillion.

The AFL-CIO stated that Musk's 2025 compensation package is "unprecedented," with the amount exceeding the combined CEO compensation of all other S&P 500 companies by 14 times. Including Musk, total CEO compensation at S&P 500 companies last year reached approximately $340 million, up about 1,700% year-over-year. Excluding Musk, the average S&P 500 CEO compensation was approximately $22.8 million, up 21% year-over-year.

The report notes that the massive gap between Musk's compensation and employee pay highlights the imbalance between executive compensation growth and average worker income growth in U.S. corporations. By comparison, the average S&P 500 CEO compensation is approximately 312 times the median employee salary. (Fortune)

Odaily News - AMD has announced "Day 0" support for Qwen3.8 27B, the latest-generation model from Alibaba's Tongyi Qianwen (Qwen) series, enabling developers to run this large-scale open-source AI model locally on AMD hardware on the very day of its release.

AMD stated that Qwen3.8 27B is a 27B-parameter intensive model suited for local AI development, continuing the Qwen series' optimization focus on code generation, practical work tasks, scientific research, and long-context AI applications. The model can run via the open-source inference framework llama.cpp on AI PCs and workstations powered by AMD processors, or on a single AMD 32GB graphics card, while also supporting AMD hardware platforms with over 24GB of variable graphics memory (VGM) or VRAM capacity.

AMD's preliminary tests show that Qwen3.8 27B delivers strong local inference performance on AMD platforms: up to 24.5 tokens/second on the AMD Ryzen AI Max+ 395 processor, and up to 51.8 tokens/second on a single Radeon AI PRO R9700 GPU. The tests were conducted on Windows systems using the llama.cpp Vulkan backend with multi-token prediction (MTP) optimization enabled. AMD noted that actual performance still has room for improvement as further software and model optimizations are rolled out.

Odaily News - Grayscale Head of Research Zach Pandl said that Ethereum (ETH) and Solana (SOL), two major blockchain networks, are considering adjusting their token economic models to reduce future token supply growth by lowering annual inflation rates, thereby enhancing asset scarcity.

As important blockchain-native assets underpinning the stablecoin and tokenized asset ecosystems, ETH and SOL prices are primarily determined by supply and demand dynamics. If the relevant code upgrade proposals are approved, lower supply growth could support token prices, all else being equal.

According to Grayscale's analysis, if the related adjustments are implemented, the supply inflation rates of BTC, ETH, and SOL will continue to decline over the next five years. By the end of 2031, Bitcoin and Ethereum are expected to have annual inflation rates of approximately 0.4% each, with Solana at around 1.1%—lower than gold's annual supply growth rate of about 1.8% and the US CPI inflation level of roughly 3.3%.

Currently, these token economic adjustments remain in the community discussion phase. Among them, the Solana-related proposal has gained broader support and has a higher likelihood of implementation, while the Ethereum plan still requires further discussion.

Should the adjustments take effect, stakers may face reduced token rewards, as staking yields partially derive from newly issued tokens. However, with slower circulating supply growth, the scarcity value of tokens could increase, potentially providing support for prices. For ETH and SOL holders who do not stake, they could directly benefit; stakers' ultimate returns would depend on the balance between lower rewards and higher prices.

Zach Pandl concluded that ETH and SOL are becoming important digital commodities underpinning stablecoins and the tokenization of real-world assets, and economic model adjustments to reduce inflation could further strengthen the scarcity attributes of both.

Odaily News Since taking the helm of the Federal Reserve in May, Warsh has faced an exceptionally complex monetary policy dilemma. However, a string of recently released weak macroeconomic data could allow the Fed to maintain its wait-and-see stance for a longer period. The recent decline in inflation indicators has directly undermined the internal hawkish argument that "without rate hikes, inflation cannot be brought down." The U.S. Labor Department reported Thursday that the Producer Price Index (PPI) unexpectedly remained flat month-over-month in July. Data released the day before also showed that the Consumer Price Index (CPI) recorded only a marginal increase in July after declining in June.

When the Fed decided to hold rates unchanged last month, Cleveland Fed President Hammack was one of three policymakers who dissented. She reiterated publicly on Thursday: "I believe we need to act now because we need to bring inflation back down to the 2% target at a faster pace than the long-run downward path implied by current interest rate levels." While internal hawks apply pressure, political interference from the White House has never ceased. Trump continues to call for sharply lower interest rates and has publicly accused Warsh's "hostile" colleagues of obstructing the rate-cut process. Facing multi-sided games, Warsh has remained silent about his own plans, avoiding any form of forward guidance.

In any case, the market continues to price in potential tightening. According to the CME Group's FedWatch tool, investors currently place a probability of more than 90% that the Fed will raise its policy rate by the end of the year. Caught between tolerating entrenched inflation and pushing up borrowing costs that could lead to rising unemployment, the Fed's next move remains a difficult balancing act.