According to BlockBeats, on August 29, Zhongjin wrote that Federal Reserve Chairman Warsh's speech at Jackson Hole was hawkish: he acknowledged that inflation was still high, made it clear that interest rates would remain the main policy tool, and stated that he would "take action as needed"; at the same time, based on economic resilience, stable employment, and loose financial conditions, he explained that the current policy risks are more skewed toward inflation.

He also attributed the 65-month period of excessive inflation to the central bank itself, correcting his ambiguous statement in July that he would "let the market raise rates in place of the Fed." CICC believes that this speech helped rebuild the Fed's credibility, and the market began trading on the marginal repair of policy credibility afterward. In the long term, Warsh still maintains that AI may reshape the economic and policy framework and continues to push for reforms such as reducing forward guidance.

For the market, this statement increases the probability of a Fed rate hike this year, but even so, it may not be purely negative. The market currently doesn't lack liquidity; what it lacks is policy discipline and predictability. If inflation can be suppressed in a timely manner, it will actually benefit the market in the medium term. (Jinshi)

According to BlockBeats, on August 29, citing foreign media reports, on August 28 local time, Chinese chip manufacturer Changxin Memory (CXMT) filed a lawsuit with the U.S. Department of Defense, demanding that it be removed from a blacklist.

According to Bloomberg, Changxin Memory stated that its chips are designed for civilian and commercial use, not military purposes, and claimed it was wrongly blacklisted. The lawsuit has been filed in the U.S. District Court for the District of Columbia, with U.S. Defense Secretary Peter Hergesse also named as a defendant.

In a statement released after filing the lawsuit, Changxin Memory stated that the company is not a military enterprise and that its reputation and business interests have continued to suffer since it was first blacklisted in January 2025. The company added that this action was taken to protect its business interests. According to Reuters, the U.S. Department of Defense stated in a statement that, as per policy, it does not comment on pending or ongoing litigation.

According to BlockBeats, on August 29, Serenity published an article questioning whether the current valuation of cutting-edge AI labs is "absurd": If Anthropic goes public with a valuation of $2 trillion in the future, then 10% of its market value would be equivalent to $200 billion, which is theoretically enough to buy a large number of well-known consumer brands.

Serenity listed that the amount of money was enough to cover a large number of established consumer brands such as Taco Bell, Pizza Hut, KFC, GAP, American Eagle, Levi's, Victoria's Secret, Cheesecake Factory, Krispy Kreme, Calvin Klein, Kohl's, AMC, Nike, Under Armour, and Canada Goose, and theoretically, about $51.6 billion would still remain after the above acquisitions were completed.

Currently, some investors in the market do expect Anthropic's potential IPO valuation to reach or exceed $2 trillion, and some even give it a higher valuation based on its high-growth expectations.

Serenity's core argument is that cutting-edge AI labs are being valued at far higher rates than traditional consumer and physical businesses. This huge valuation gap itself has become a direct indicator of the current AI capital frenzy.