🚨 SoSoValue Flash: Brent crude surges past $90, U.S. 10-year yield reaches 4.75%, NVIDIA invests $3.5B in MediaTek’s CB to strengthen NVLink ecosystem 💥 Key Highlights: On macro and interest rates, U.S.-Iran tensions persist with ongoing policy pressures, yet both sides exhibit strategic restraint, maintaining a delicate standoff. Brent crude rose 2.92% to $90.67/barrel, while the U.S. 10-year yield climbed **3.6 bps to 4.75%**, nearing a two-year high—continuing to pressure valuations of rate-sensitive risk assets. Meanwhile, U.S. Treasury Secretary Bessent hinted at the possibility of a BOJ rate hike in September to support the yen. While this has not yet triggered a sharp unwind of carry trades, global central bank liquidity tightening continues to exert new pressure on interest-rate-sensitive assets. In AI and Tech, NVIDIA announced a $3.5 billion investment in MediaTek’s zero-coupon convertible bond (CB). Beyond joint development of chips for PCs and Dimensity Auto, this partnership aims to accelerate the adoption of NVLink Fusion, clearly signaling an intent to integrate Custom ASICs and Edge Architectures into NVIDIA’s Rack-Scale Interconnect ecosystem. In Crypto, prices remain in a high-range consolidation near $80K: $BTC at $78,500 and $ETH at $2,446. CME Futures Premium has risen to **0.48%**. On August 28, BTC ETFs recorded a net outflow of $202 million, while ETH ETFs saw a net inflow of $102 million. 🔍 Shifts in Market Logic: 1️⃣ Brent above $90 + U.S. 10-year yield at 4.75% test valuation floor Persistent energy prices and the highest long-term yield levels in nearly two years are pressuring the Equity Risk Premium. Bulls highlight underlying fundamental strength, while bears warn of prolonged inflationary pressures from elevated oil prices. Current volatility reflects sentiment-driven moves rather than structural breakdowns. 2️⃣ AI competition shifts from “Silicon Shortage” to “Interconnect Moat” NVIDIA’s $3.5B investment in MediaTek demonstrates a strategy to fund custom silicon developers while driving integration into NVLink Fusion. In essence, NVIDIA is building an architecture where even non-NVIDIA accelerators ultimately connect to its server ecosystem. 3️⃣ Crypto capital flows signal selective investment While capital flows out of BTC ETFs, inflows into ETH ETFs continue—indicating portfolio rebalancing amid tight liquidity conditions. Next key catalyst: Anthropic’s prospectus—expected to provide concrete benchmarks for AI monetization. 📊 SoDEX Key Assets Watchlist: Core: $USTECH-100 · $CL AI Validation & Crypto Divergence: $NVDA · $ETH · $MSFT · $GOOGL · $ZHIPU · $MINIMAX