Odaily Evening News

1. Bank of America: Valuations of US memory stocks have shown cyclical bottom characteristics, and market concerns are overblown;2. "White Hair Stock God" Serenity: Microsoft's exit from the Nscale partnership may benefit computing power suppliers such as Nebius and IREN;3. Analyst: PAPER mining rewards have shrunk by nearly 90%, and a sell-off may follow once the token enters circulation;4. Analysis: Bitcoin's supply-demand dynamics have shifted, with spot demand turning negative and whale accumulation not yet fully underway;5. Worth $19.78 million, a certain address was liquidated of 8,163 ETH within 10 hours;6. Lee Jae-myung: Necessary measures will be taken to normalize the stock market;7. Analyst: Since Bitcoin's peak, cumulative selling pressure on Binance meme coins has exceeded $1.4 billion;8. "When will SpaceX merge with Tesla" has become one of the most anticipated questions in SpaceX's Q3 earnings Q&A.

Odaily Report: According to the official announcement, the Binance Alpha airdrop claim and trading event will open today at 21:00 (UTC+8). Users holding at least 255 Binance Alpha points can claim tokens on a "first come, first served" basis until the airdrop pool is fully distributed or the event ends.

Odaily Report: White-Haired Stock Oracle Serenity posted on X platform that the market may have misinterpreted the impact of Microsoft (MSFT) exiting its partnership with Nscale. In his view, this event may actually constitute a positive catalyst for Neocloud (new cloud computing) companies such as Nebius (NBIS) and IREN (IREN) that possess powered data center capacity and compute delivery capabilities.Serenity noted that Microsoft's exit from the partnership does not mean it no longer needs AI compute, but rather that Nscale may have been unable to deliver on schedule. Microsoft still needs to find other suppliers to meet its compute demands, and therefore companies with readily available power resources and rapid delivery capabilities may gain new order opportunities. This event should not be simply interpreted as bearish for the entire Neocloud industry.Previously reported, Microsoft (MSFT.O) has withdrawn from a data center partnership project with UK emerging cloud service provider Nscale in Lawford, Essex, UK. Microsoft did not disclose the specific reasons for terminating the partnership, but the project had been facing a series of delays. Local authorities have informed Nscale that power is not expected to be supplied to the facility until the 2030s.

Odaily reports: Crypto analyst Ignas posted on X that PAPER token mining rewards have dropped significantly. Early users could earn 100 PAPER for every $1 of qualifying trading losses, but this has now fallen to approximately 11 PAPER. At current reward levels, a trade with a $1,000 loss would yield only about 10,700 PAPER. Based on recent staking yield levels, this translates to daily earnings of roughly $2.60 to $4.90, requiring approximately 200 to 385 days to recoup the loss—and this does not yet account for dilution effects from token emissions.In his view, once PAPER opens up for transfer, some trading users may prefer to sell tokens directly to recover losses, creating potential selling pressure. Galaxy Research previously noted that PAPER's market price will affect the scale of mining activity, which in turn determines the protocol's long-term revenue. If a decline in token price leads to reduced mining activity, it could further weaken protocol revenue and staking yields. PAPER's long-term value depends on whether Papertrade can continue to attract genuine trading demand and sustain revenue after incentives decline.

Odaily reports: The BNB Foundation has announced the completion of its 37th quarterly token burn, with a total of 1.6462 million BNB burned, worth approximately $1.197 billion. After the burn, the total circulating supply has dropped to approximately 131.5 million.

Odaily reports that, according to Lookonchain monitoring, a certain address experienced multiple liquidations over the past 10 hours, with a cumulative liquidation of 8,163 ETH, valued at $19.78 million.