● Nvidia's second-quarter revenue reached $30 billion, exceeding market expectations
According to BlockBeats, on August 29, Nvidia (NVDA.O) had revenue of $30 billion in Q2 of fiscal year 2025, compared with $13.507 billion in the same period last year, and the market expectation was $28.61 billion. Data center revenue in Q2 of fiscal year 2025 was $26.3 billion, and the forecast was $25.08 billion.
The fiscal year (i.e., accounting year) can be consistent with the calendar year, from January 1 to December 31 of each year, or it can be set to any consecutive 12 months with the approval of the regulator. For example, Nvidia's 2025 fiscal year starts in February 2024 and ends in January 2025. In this case, the name of the fiscal year is named after the year at the end of the fiscal year.
Asian stocks may follow U.S. stocks lower on Thursday, affected by Nvidia's earnings report, Bloomberg reported. Nvidia is a major beneficiary of AI data center upgrades, and its sales forecast has become a barometer of the spending boom. Chipmakers in South Korea, Taiwan and Japan may bear the brunt of Thursday's trading. Investors will pay close attention to the performance of Chinese stocks. In addition, Chinese food delivery service company Meituan released quarterly results. Nippon Steel Corporation also released its earnings report.
Despite market dissatisfaction with Nvidia's earnings report, its second-quarter revenue doubled to $30 billion and it approved an additional $50 billion in stock buybacks. Later Thursday, investors will focus on key U.S. data, including growth readings, personal consumption and weekly unemployment claims, to determine whether the Federal Reserve will quickly ease policy. In commodities, oil prices fell for the third consecutive day, approaching $74 a barrel.
According to Odaily Planet Daily, the Paris prosecutor's office issued a press release on Wednesday evening stating that Durov was indicted and released under judicial supervision, required to provide a 5 million euro bond, report to the police station twice a week, and is prohibited from leaving France.
● OpenSea received a Wells notice from the US SEC
According to Odaily Planet Daily, the NFT market OpenSea received a Wells Notice from the U.S. Securities and Exchange Commission. It is reported that the "Wells Notice" is an informal reminder issued by the U.S. SEC to U.S. listed companies before filing a civil lawsuit. Companies that receive the notice can communicate and negotiate with the SEC before receiving a formal lawsuit.
● OpenSea will provide $5 million to help creators and artists respond to the Wales notice
According to Odaily Planet Daily, OpenSea announced on the X platform that it had received the Wells Notice from the U.S. Securities and Exchange Commission, but was shocked by its actions threatening creators and artists. OpenSea said it was ready to fight for the industry and planned to provide $5 million to pay legal fees for NFT artists and developers who received the Wells Notice.
● BNB Chain launches “BNB Chain Bridge”, working with Celer, deBridge and Stargate
According to Cointelegraph, BNB Chain launched a new cross-chain bridge to enhance the interoperability, liquidity and user experience of its network. On August 28, BNB Chain announced a partnership with Celer, deBridge and Stargate to launch the BNB Chain cross-chain bridge and create a liquidity pool that allows assets to be transferred from other chains.
BNB Chain said this is part of its efforts to expand its stablecoin ecosystem. Users can transfer assets from other blockchains, including stablecoins, through the bridge. The BNB Chain team added that the new bridge will also allow for the development of a wider range of DeFi products and services in its ecosystem.
Alex Smirnov, co-founder of deBridge, said it is a great honor for BNB Chain to join the unified DeFi market.
BNB Chain also pointed out that the launch of the bridge addresses the market’s need for cost-effective cross-chain interoperability services and strengthens its position in the blockchain market. BNB Chain stated that stablecoins remain an important component of a strong DeFi ecosystem. BNB Chain also added that the launch of the bridge is a response to user and developer feedback.
● Eric Trump announces the launch of World Liberty Financial
According to TechFlow, Eric Trump, the second son of former US President Donald Trump and current executive vice president of the Trump Organization, posted on social media, "I am very happy to announce the launch of World Liberty Financial. A new financial era has arrived."
Earlier, Eric Trump said that World Liberty Financial aims to "eliminate corrupt, expensive and inefficient middlemen." He emphasized that this platform will return financial power to ordinary people, modernize the financial system, and provide equal opportunities for everyone.
● MakerDAO founder responds to DAI adding freeze function
According to TechFlow, MakerDAO founder Rune Christensen recently responded to questions about adding a freeze function to DAI. Christensen said that there will be no freeze function when the new protocol is launched, only upgrade capabilities. This means that future governance can decide how to implement a mechanism similar to the freeze function based on all data considerations to prevent various risk factors as much as possible.
