🚨 SoSoValue Flash: Brent crude surpasses $90, U.S. 10-year yield reaches 4.75%, NVDA invests $3.5 billion in MediaTek’s CB to strengthen NVLink ecosystem 💥 Key Highlights: On macro and interest rates, U.S.-Iran tensions persist with continued policy pressure, yet both sides exhibit strategic restraint, maintaining a state of heightened tension. Brent crude rose 2.92% to $90.67/barrel, while the U.S. 10-year yield increased **3.6 bps to 4.75%**, reaching its highest level in nearly two years, continuing to pressure valuations of risk assets sensitive to long-term rates. 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 unwinding of carry trades, global central bank liquidity tightening is adding new pressure on interest-rate-sensitive assets. In AI-Tech, NVIDIA announced a $3.5 billion investment in MediaTek’s zero-coupon convertible bond (CB). In addition to co-developing chips for PCs and Dimensity Auto, this partnership aims to accelerate the adoption of NVLink Fusion, clearly targeting the integration of Custom ASICs and Edge Architecture into NVIDIA’s Rack-Scale Interconnect ecosystem. Crypto continues to consolidate in the high range near $80K, with $BTC at $78,500 and $ETH at $2,446. The CME Futures Premium rose to **0.48%**. On August 28, BTC ETFs saw a net outflow of $202 million, while ETH ETFs recorded 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 long-term rates at their highest level in nearly two years are pressuring the Equity Risk Premium. Bulls highlight underlying fundamental strength, while bears remain wary of prolonged inflation driven by higher oil prices. Current volatility reflects sentiment-driven moves rather than structural breakdowns. 2️⃣ AI competition shifts from “Silicon shortage” to “Interconnect Moat” NVDA’s $3.5 billion investment in MediaTek demonstrates a strategy of funding custom silicon developers while integrating them into NVLink Fusion. In essence, NVIDIA is building a structure where even non-NVIDIA accelerators ultimately connect to its server architecture. 3️⃣ Crypto fund flows indicate selective investment While funds are flowing out of BTC ETFs, inflows into ETH ETFs continue, signaling portfolio rebalancing amid tight liquidity conditions. The next key catalyst: Anthropic’s prospectus. Investors await concrete benchmarks for AI monetization. 📊 SoDEX Key Assets Watchlist: Core: $USTECH-100 · $CL AI Validation & Crypto Divergence: $NVDA · $ETH · $MSFT · $GOOGL · $ZHIPU · $MINIMAX