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Gemini struggles despite revenue; Bitcoin dips amid ETF withdrawals; Norway's fund hits record BTC exposure.
Gemini Experiences Significant Loss Despite Increased Revenue in Q2
TheCurrencyAnalytics - Gemini lost $108 million in the second quarter. That number stings even more when you realize overall revenue actually climbed… Read the original on Gemini Bleeds $108M in Q2 as Trading Volume Crashes by Two-Thirds. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Gemini Credit Card Sees Surge Amid Declining Exchange Trading Activity
TheCurrencyAnalytics - Gemini pulled in $45.5 million in second-quarter revenue. That’s the headline number. But the real story is where the money… Read the original on Gemini Credit Card Pulls In $16.2M as Exchange Volume Craters 66%. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Prediction markets are becoming financial data, but a 63% price does not always mean 63% odds
CryptoSlate - The Aug. 13 dashboard joins APIs, paid feeds and professional tools, while new research shows why raw prices need context. The post Prediction markets are becoming financial data, but a 63% price does not always mean 63% odds appeared first on CryptoSlate.
Former Bybit CEO startup ABFinance cancels launch plans
Cryptopolitan - ABFinance, the U.S. finance startup founded by former Bybit co-CEO Helen Liu, has announced that it will begin winding down. 17 major crypto businesses and about 95 total projects have already closed so far in 2026. Why is ABFinance closing down? Helen Liu unveiled ABFinance in mid-March, days after Bybit confirmed her exit. Liu was...
Musk looks to space as only way to meet AI compute demand by 2028
Cryptopolitan - The world’s first trillionaire, Elon Musk, has said that orbital compute is the only way to continue scaling AI by 2029. He made the statement in an X post. He pointed to power shortages and delays in granting permits on land as the main reasons. For companies thinking of where to build the coming generation...
Gen Z favors ETFs and trades less than older cohorts: Binance
CoinTelegraph - Binance data showed Gen Z allocating a growing share of equity activity to ETFs while trading less frequently and using less leverage than older working-age cohorts.
Norway’s sovereign fund reaches record 11,549 BTC exposure without buying more Bitcoin
CryptoSlate - Norway’s sovereign wealth fund ended the first half of 2026 with record indirect Bitcoin exposure and a newly disclosed stake in the world’s largest Ethereum treasury company. Norges Bank Investment Management’s (NBIM) public-equity holdings translated into 11,549 BTC of indirect exposure as of June 30, up 60% from a year earlier and marking the sixth […] The post Norway’s sovereign fund reaches record 11,549 BTC exposure without buying more Bitcoin appeared first on CryptoSlate.
Bitcoin Dips Amid Significant Fidelity ETF Withdrawals in Two Days
TheCurrencyAnalytics - Bitcoin can’t catch a break. Even with macro data pointing toward easier monetary policy, the price dropped 0.89% over the… Read the original on Bitcoin Slides to $62,852 as Fidelity ETF Outflows Hit $131M in Two Days. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Ireland plans industry standards for illicit crypto use
CoinTelegraph - The proposed policies under Ireland’s AML framework included stricter measures on transfers from private crypto wallets and overseas digital asset companies.
Ripple to Attend Major White House Meeting
U.Today - Ripple is set to return to the White House next week as part of a high-profile crypto meeting that will bring together some of the industry’s biggest companies and U.S. financial regulators. Ripple is set to return to the White House next week as part of a high-profile crypto meeting that will bring together some of the industry’s biggest companies and U.S. financial regulators.
Kalshi Pulls All Sports Mention Markets as CFTC Opens Review
Bitcoin.com - Kalshi has removed all sports-mention markets (contracts on whether a broadcaster says a particular word), as the Commodity Futures Trading Commission reviews whether the category invites manipulation, NPR reported based on anonymous sources. Mention markets on Trump, corporate earnings calls, and news broadcasts remain live on the platform even as a Washington court has just […]
China's Z.AI Ships GLM-5.3, Calling It the Top Open-Weight Coding Model
Decrypt - The Chinese lab says the release beats comparably sized open models on code benchmarks. The blog's own numbers show it trails the closed frontier and at least one open rival.
Anthropic’s Model 2 Beats Mythos 5, But the Public Will Not Get It
BeInCrypto - Anthropic Model 2 outperforms Mythos 5 internally, yet the company has no release plans as IPO odds climb. The post Anthropic’s Model 2 Beats Mythos 5, But the Public Will Not Get It appeared first on BeInCrypto.
Upbit Profit Crashes 85% Months After Korean Giants Paid $1.5 Billion to Buy In
BeInCrypto - Dunamu's operating profit fell 85% in Q2 as Upbit fee income halved, months after Korean giants paid $1.5 billion to buy in. The post Upbit Profit Crashes 85% Months After Korean Giants Paid $1.5 Billion to Buy In appeared first on BeInCrypto.
Tesla stock jumps as 'flying' car rumor excites markets
Cryptopolitan - Tesla (NASDAQ: TSLA) stock increased by 3% on Friday morning, a reaction to a report that the auto manufacturer plans to unveil its long-awaited Roadster, with flying capabilities, in August. Tesla shares have been on a downward trend throughout 2026, so this news lands as a welcome development for investors. It’s left to Tesla to...
Bitcoin Slides to $62,470 as Sellers Test the $63K Floor Again
Bitcoin.com - Bitcoin hovered near $63,000 after hitting an intraday low of $62,470, remaining virtually flat over 24 hours and leaving seven-day losses at 2.6%. BTC Stumbles Near $63,000 Bitcoin dipped below $63,000 for the second consecutive day on Friday, with the decline deepening in early trading. The cryptocurrency initially appeared to consolidate around $63,400 hours after […]
BSC commits to late August Pasteur hardfork release date
Cryptopolitan - BNB Chain has announced that it will activate its Pasteur hard fork on the BNB Smart Chain (BSC) mainnet at 02:30 UTC on August 25, 2026. It stated that every node operator has to be running client v1.7.7 before that time or risk falling off the network. BNB Chain confirmed the date and client requirement...
Kraken parent Payward revenue rises 17% as trading volume falls in Q2
CoinTelegraph - Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity.
Nvidia's Isaac GR00T lands inside LG's bipedal robot while CLOiD works a real assembly line
Cryptopolitan - LG puts wheeled CLOiD robots on a Tennessee washing machine line by the end of 2026, while its Nvidia-built humanoid stays hidden until Q1 2027.
Tom Lee Wants a 10% Crash Before S&P 500 Hits 8,000, Bitcoin Already Had One
BeInCrypto - Tom Lee wants a 10% correction before the S&P 500 reaches 8,000. Bitcoin, near $63,000, already took that hit. The post Tom Lee Wants a 10% Crash Before S&P 500 Hits 8,000, Bitcoin Already Had One appeared first on BeInCrypto.
Cypherpunk Legend Adam Back Approves Ethereum's Post-Quantum Shift
U.Today - Bitcoin pioneer Adam Back co-signs Ethereum’s major cryptographic pivot, as the blockchain dumps custom Poseidon hashes for time-tested security. Bitcoin pioneer Adam Back co-signs Ethereum’s major cryptographic pivot, as the blockchain dumps custom Poseidon hashes for time-tested security.
Another Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot
Decrypt - Bitcoin miner Hyperscale sold most of its Bitcoin but said it plans to rebuild its holdings through mining and future purchases.
SpaceX completes $60 billion acquisition of AI platform Cursor
Cryptopolitan - SpaceX has finally completed its purchase of Anysphere, the company behind the AI coding tool Cursor, on Thursday in an all-stock transaction valued at $60 billion. Both companies claim no startup has ever been bought for more, with SpaceX continuing its aggressive push into AI software and the industry at large. Cursor becomes a SpaceXAI...
Latest Gemini earnings expose crypto’s new exchange reality – more total revenue, less crypto trading
CryptoSlate - Card growth lifted total revenue, but trading volume fell about 66% and year-over-year operating costs remained elevated. The post Latest Gemini earnings expose crypto’s new exchange reality – more total revenue, less crypto trading appeared first on CryptoSlate.
Apple spent under nine months building the Houston plant that will make the first US Mac mini
Cryptopolitan - Apple opened a 20,000-square-foot training center in its Houston factory, the site that ships AI servers and will build the first US-made Mac mini in 2026.
Binance to restrict transaction processing with multiple crypto platforms
Cryptopolitan - Binance has announced to all of its users on Friday that it will stop processing transactions with 16 crypto platforms, including major exchange HTX and EXMO, set to be done in a gradual manner till the end of August, and tied to recent sanctions against Russian and Iranian networks. The world’s largest crypto exchange published...
China Injected $52 Billion and Bitcoin Fell, Three More Days Are Scheduled
BeInCrypto - China injected $52 billion and Bitcoin dropped 1.7%. Three more injection days open Monday, each capped at $88 billion. The post China Injected $52 Billion and Bitcoin Fell, Three More Days Are Scheduled appeared first on BeInCrypto.
Just Ten Companies Are Now Worth All of the US GDP
Trustnodes - The United States Gross Domestic Production (GDP) is currently at $30.8 trillion for 2025, or about as much as ten US companies...
Trezor Customers Affected by Data Exposure from Shipping Partner Incident
TheCurrencyAnalytics - A third-party shipping provider leaked personal data belonging to 13,689 Trezor hardware wallet customers. Names, email addresses, phone numbers, and… Read the original on Trezor Data Breach Hits 13,689 Customers Through Logistics Partner Leak. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Top Tesla Bull Says He Is Done With Bitcoin Due to Saylor
U.Today - Ross Gerber, a longtime Bitcoin investor and prominent Tesla bull, has turned sharply against Strategy co-founder Michael Saylor. Ross Gerber, a longtime Bitcoin investor and prominent Tesla bull, has turned sharply against Strategy co-founder Michael Saylor.
SEC Shelves Its First Major Crypto Rule With No New Date Set
CoinPaprika - The U.S. Securities and Exchange Commission postponed a Friday meeting where it planned to propose Regulation Crypto, its first major digital-asset rule. The agency cited an unforeseen scheduling issue and set no new date.
Chinese robot maker Unitree ready for Shanghai debut after IPO
Cryptopolitan - Unitree, the Chinese maker of humanoid robots, is set to commence trading on Shanghai’s STAR Market next week after raising 6.1 billion yuan ($905 million). The listing could create a functioning market from the hype of China’s robotics boom. Investors wanted massively into the IPO, with retail applications coming in at over 5,000 times the...
Baltimore's Legal Action Targets Kalshi and Polymarket for Betting Violations
TheCurrencyAnalytics - Baltimore just drew a hard line. The city filed lawsuits against prediction market platforms Kalshi and Polymarket, accusing both of… Read the original on Baltimore Sues Kalshi and Polymarket Over Illegal Sports Betting, Dragging Robinhood and Coinbase Into the. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2
CoinTelegraph - Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.
JPMorgan boosts Bitcoin, Ether ETF positions in Q2 filing
CoinTelegraph - JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter.
Bitrue Launches AI Copilot That Explains the ‘Why’ for XRP and Crypto Trades
BeInCrypto - Bitrue has officially launched Bitrue AI, a new trading copilot designed to solve a major limitation in automated crypto trading by explaining not just what a strategy does, but why. Built for XRP traders and the broader crypto market, the platform delivers real-time market rationale alongside every trade signal to bring full clarity to automated The post Bitrue Launches AI Copilot That Explains the ‘Why’ for XRP and Crypto Trades appeared first on BeInCrypto.
Bitcoin ETF calls surge 24-fold as puts fall 52.75%, reaching 1.95M IBIT underlying shares
CryptoSlate - Its Aug. 13 filing covered 1.95 million call underlying-share equivalents at June 30, while account purpose remained unresolved. The post Bitcoin ETF calls surge 24-fold as puts fall 52.75%, reaching 1.95M IBIT underlying shares appeared first on CryptoSlate.
France's tax agency cut off the intruder in June and warned taxpayers in August
Cryptopolitan - France's DGFiP confirmed an intruder used a stolen identity to extract taxpayer names, addresses, and tax IDs in late June, disclosed only on August 13.
Binance to restrict transactions involving HTX, 10 other crypto platforms
CoinTelegraph - Binance said it will stop processing transactions for involving 11 crypto platforms, including HTX, which was recently listed in the EU’s sanctions package targeting Russia.
Z.ai says GLM-5.3 edged Anthropic's Mythos 5 on a cyber test
Cryptopolitan - Chinese AI firm Zhipu AI (HKG: 2513) has gone big-game hunting with the document it released along with the rollout of its latest GLM-5.3 model. The firm, trading internationally as Z.ai, specifically named Anthropic’s Mythos 5 as one of the models that GLM-5.3 outperformed on the CyberGym benchmark, which measures a model’s capability to check...
Ireland’s New AML Strategy Brings ‘Enhanced Checks’ on Private Crypto Wallets
Decrypt - The country's first strategy of its kind also brings stricter due diligence for firms dealing with overseas crypto companies.
Mythos 5 talked its way out of a fight Opus 4.6 kept losing
Cryptopolitan - Anthropic's Frontier Red Team found that Claude agents on the same task attacked each other using self-replicating malware.
RedotPay Postpones US Stock Market Entry Amid Legal Challenges with Binance
TheCurrencyAnalytics - RedotPay isn’t going public anytime soon. The Hong Kong-based stablecoin payments company has pushed back its planned US stock market… Read the original on RedotPay Delays US IPO as $473 Million Binance Lawsuit Clouds Listing Plans. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Gemini posts $108M Q2 net loss despite 37% revenue growth
CoinTelegraph - Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds.
Wealth Manager Says Stock That Billionaire Bill Ackman Recently Poured Money In Is ‘Very Undervalued’
DailyHODL - An investment expert highlights Netflix's undervaluation on CNBC amid Bill Ackman's new stake disclosure. Additional context covers recent portfolio moves and key financial metrics. The post Wealth Manager Says Stock That Billionaire Bill Ackman Recently Poured Money In Is ‘Very Undervalued’ appeared first on The Daily Hodl.
Farage Wins a Phyric Victory
Trustnodes - A bin got close to 1/3rd of the vote in the Clacton byelection, with Nigel Farage returned as an MP, restarting the parliamentary investigation...
XRP News: Evernorth Revises Share Terms to Reflect XRP Value at Closing
99Bitcoins - Evernorth will adjust shares issued in its deal with Armada II based on XRP’s value at closing, aligning each share with its treasury. The post XRP News: Evernorth Revises Share Terms to Reflect XRP Value at Closing appeared first on 99Bitcoins.
Jeff Park Predicts Bitcoin's Resilience Amid AI's Dominance in Funding
TheCurrencyAnalytics - The numbers are stark. AI has swallowed 80% of global venture funding in 2026, per Crunchbase data, and the crypto… Read the original on Jeff Park Sees Bitcoin Winning After AI Absorbs 80% of Venture Capital. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act
Decrypt - No replacement date has been set for the meeting, which was cancelled due to an “unforeseen scheduling issue.”
TronBid: A Flexible Marketplace to Rent and Sell TRON Energy
CryptoPotato - Sending USDT over the TRON network is particularly popular because of its speed and broad adoption. That said, TRC-20 transfers also require network resources. When a wallet doesn’t have enough TRON Energy, TRX may be burned to cover the remaining cost of executing the smart contract. For users who make frequent transfers, renting energy provides […]
Kalshi Ordered to Block Washington Bets Days After CFTC Backed It
Decrypt - A King County judge gave the exchange until August 19 to stop offering sports, election and politics wagers in the state.
Coinbase and 14 x402 facilitators found vulnerable in security tests
Atlas21 - A study presented at the USENIX Security Symposium identified 31 distinct vulnerabilities across the leading x402 protocol facilitators, including Coinbase, with validated attack paths that expose facilitator assets and enable unpaid purchases The post Coinbase and 14 x402 facilitators found vulnerable in security tests appeared first on Atlas21.
'Does Not Matter One Bit': Ripple CTO Emeritus Schwartz Fires Back at Bitcoin Spam Purists
U.Today - Following the BIP-110 collapse, David Schwartz fires back at Bitcoin cando-purists, declaring that network opinions "don't matter one bit". Following the BIP-110 collapse, David Schwartz fires back at Bitcoin cando-purists, declaring that network opinions "don't matter one bit".
Crypto payments barely register among euro area merchants, ECB finds
CoinTelegraph - Crypto acceptance was just 0.2% online and remained below 1% at physical points of sale, while mobile payments gained ground.
Bitcoin and Ethereum Target Key Technical Levels Amid Weekend Trading Focus
TheCurrencyAnalytics - Heading into the weekend, traders are watching Bitcoin and Ethereum closely for signs of direction after modest weekly declines. The… Read the original on Bitcoin and Ethereum Eye Weekend Levels With Dominance in Focus. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
HTX Transfers Significant Funds to Unidentified Custodian Amid Sanctions
TheCurrencyAnalytics - HTX shifted $1.3 billion from its reserves to an unnamed third party. The move came as the European Union Council… Read the original on HTX Moves $1.3 Billion to Unknown Custodian Amid EU and UK Sanctions. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Custodia's Six-Year Fed Fight Reaches the Supreme Court With Industry Backing
CoinPaprika - The Blockchain Association filed a Supreme Court amicus brief on 12 August 2026 backing Custodia Bank's challenge to the Federal Reserve's denial of master account access. The Kansas City Fed must respond to Custodia's petition by 11 September 2026.
Kalshi Seeks Significant Funding as Wellington Considers Investment Opportunity
TheCurrencyAnalytics - Kalshi wants $750 million. Fast. The prediction market platform is deep in talks with Sequoia Capital and Wellington Management to… Read the original on Kalshi Chases $40 Billion Valuation as Wellington Eyes First-Ever Stake. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Figure reports $4.3B in loan marketplace volume as profit nearly triples
CoinTelegraph - Figure expects consumer loan marketplace volume to range from $4.8 billion to $5.2 billion in the third quarter.
South Korea's ICT Exports Jump 140.6% in July on AI Demand
Binance News - According to Yonhap, South Korea's information and communication technology (ICT) exports surged 140.6% in July from a year earlier to $53.4 billion, the highest level for any July, as sustained global investment in artificial intelligence boosted demand. The Ministry of Science and ICT said ICT imports rose 37.3% to $18.3 billion, leaving the sector with a trade surplus of $35.1 billion. Semiconductor exports climbed 178.8% to $41 billion and rose for a 17th straight month, while shipments of computers and communications equipment jumped 353.9% to $4.9 billion and mobile phone exports increased 62.6% to $1.6 billion. Display panel exports edged up 0.5% to $1.77 billion. By destination, shipments to China and Hong Kong rose 194.7%, exports to the United States gained 187%, ...
Eric Balchunas Says Anthony Pompliano-Linked Silvia Filed Five ETF Applications
Binance News - Bloomberg ETF analyst Eric Balchunas said on X that Anthony Pompliano-related company Silvia filed five ETF applications. According to Foresight News, the filings include the Anti-Money Printer ETF, which would hold Bitcoin, gold, land, and guns; the Bitcoin Treasury mNAV Discount ETF; the Jensen Interview ETF, which would hold stocks of companies mentioned by Jensen Huang in interviews over the past 30 days; the Elon Must ETF, which would hold Tesla, SpaceX, and 15% of private Musk company shares; and the Best Ideas ETF, which would hold stocks recommended by guests on Phil Rosen's podcast.
VanEck Says Bitcoin Is Nearing A Cycle Bottom
Binance News - Asset manager VanEck said Bitcoin is approaching a cycle bottom, suggesting investors may want to begin gradually rebuilding positions. According to ChainCatcher, the view was reported by Cointelegraph.
Lighter Launches Points Program With Robinhood Wallet
Binance News - Lighter said it has partnered with Robinhood Wallet to launch a points program. According to Foresight News, users can earn points in real time and receive additional bonuses by inviting friends.
Former SEC Staffer Says CLARITY Act Would Still Need Months of Rulemaking
Binance News - Former SEC staffer Anne Kelley said that even if the CLARITY Act is passed, the SEC and the CFTC would still need to draft implementing rules, and the process would take at least several months before taking effect. According to Odaily, Kelley said the SEC's upcoming public meeting on a tokenization innovation exemption is only the first step in the proposed rulemaking process, which would still require a public comment period and other procedures. She said formal rules with binding force must comply with the U.S. Administrative Procedure Act to withstand judicial review. Kelley said that if the CLARITY Act passes during the rulemaking period, ...
STOCKS | Hang Seng Tech Index Falls More Than 1% as JD.com and Meituan Slide
Binance News - According to Jin10, the Hang Seng Tech Index fell more than 1% at the open, with internet stocks weakening broadly; JD.com (09618.HK) dropped more than 8% and Meituan (03690.HK) fell more than 3%.
SMIC Rises 4.74% After Forecasting Q3 Revenue Growth
Binance News - Hong Kong stocks opened lower, with the Hang Seng Index down 0.7% and the Hang Seng Tech Index down 0.6%. According to ChainCatcher, SMIC rose 4.74% after results, as the company said third-quarter revenue is expected to increase 2% to 4% quarter on quarter and guided for a gross margin of 26% to 28%.
STOCKS | CK Hutchison Falls After Earnings, First-Half Underlying Profit Rises 6%
Binance News - According to Jin10, CK Hutchison Holdings (00001.HK) continued to decline after its earnings report, falling more than 5% in early trading, while its first-half underlying profit net amount rose 6% year on year to HK$12.592 billion.
Paris Baguette to Raise Prices Of 127 Products Amid Higher Raw Material Costs
Binance News - According to Yonhap, Paris Baguette, the bakery brand operated by South Korean food and beverage company Paris Croissant Co., said it will increase prices of 127 products starting Tuesday as raw material costs continue to climb. The company plans to raise prices of 86 bread products and 41 cake and dessert items by an average of 5 percent, its first price increase in 18 months. Paris Baguette said the move was unavoidable because raw material prices and other costs have risen sharply. The increase follows similar moves by other food companies, including BR Korea Co., the local operator of Dunkin' Donuts, which raised prices of 39 doughnut products by an average of 6.5 percent from Aug. 2, and CJ Foodville, which lifted prices of 76 products by an average of 8.2 ...
STOCKS | Shanghai Composite Opens 0.08% Higher, Shenzhen Component Gains 0.32%
Binance News - According to Jin10, China's A-share market opened higher, with the Shanghai Composite Index up 0.08%, the Shenzhen Component Index up 0.32%, and the ChiNext Index up 0.67%.
LG Electronics To Unveil Nvidia-Based Humanoid Robot In 2027
Binance News - According to Yonhap, LG Electronics Inc. said Friday it plans to unveil a next-generation humanoid robot that can walk on two legs in the first quarter of 2027, using Nvidia Corp.'s robotics platform. LG said it signed a memorandum of understanding at Nvidia's headquarters in Santa Clara, California, with LG Group Chairman Koo Kwang-mo and Nvidia Chief Executive Officer Jensen Huang present. The robot will use Nvidia's Jetson Thor robotics chip module and be developed on the basis of Nvidia's Isaac GR00T humanoid foundation model and Holoscan for Robotics safety system. LG also plans to combine technologies from its affiliates, including actuators from LG Electronics, sensors from LG Innotek Co. and batteries from LG Energy Solution Ltd. The two companies will also start ...
STOCKS | GDS Holdings Rises 9.28% After Q2 Net Profit Turns Positive
Binance News - According to Jin10, GDS Holdings (09698.HK) opened up 9.28% after reporting second-quarter net profit of 838 million yuan, compared with a loss a year earlier.
AI TRENDS | OpenAI Annual Revenue Run Rate Tops $40 Billion as July Revenue Rises More Than 20%
Binance News - OpenAI's annual revenue run rate has surpassed $40 billion, nearly doubling from more than $20 billion at the end of 2025. According to Odaily, July revenue rose more than 20% month over month. The increase was driven not only by ChatGPT subscriptions but also by growing contributions from AI coding products such as Codex, while its early advertising business began generating revenue. Demand for recently launched agent products, including ChatGPT Work and Codex, also increased. Anthropic disclosed in May that its annualized revenue had exceeded $47 billion, though the two companies may use different accounting methods and their figures cannot be directly ...
STOCKS | Carry Traders Rebuild Yen Shorts After Intervention
Binance News - Intervention to support the yen has again created new opportunities to sell it short. According to Sina Finance, market observers at JPMorgan Private Bank and State Street Bank and Trust said hedge funds had cut their bearish yen bets by half as of August 4, but some investors are starting to return to yen-funded carry trades. One of them is Alpha Binwani Capital founder Ashwin Binwani, who said he bought dollars at around 157 yen per dollar and has profited as the yen weakened. He said intervention offered an excellent chance to sell the yen at higher levels and that carry-trade opportunities were too good to miss. ...
STOCKS | Pony AI Expands Uber Partnership, Plans More Than 2,000 Robotaxis in Five European Cities
Binance News - According to Jin10, Pony AI-W (02026.HK) said Uber has expanded their partnership and plans to deploy more than 2,000 robotaxis in five European cities.
Nvidia's Feynman AI Platform Targets H2 2028 Mass Production, Uses TSMC A16
Binance News - Nvidia's next-generation AI platform Feynman is targeted for mass production in the second half of 2028 and is expected to use TSMC's A16 process, along with SoIC 3D stacking and CPO technology. According to ChainCatcher, the report said the Rubin generation focuses on multi-chip and HBM integration, while Feynman moves further toward 3D chiplets, SoIC, and CPO. TSMC is accelerating related capacity expansion, with its SoIC monthly output target raised from 20,000 wafers by the end of 2026 to 50,000 wafers by the end of 2027. The company is also speeding up construction at its Chiayi AP7 and Tainan AP8 fabs. AP7 has eight planned phases, with P1 and P2 already in ...
South Korea Upgrades Growth Outlook As Exports, Consumption Improve
Binance News - According to Yonhap, South Korea's Finance Ministry said the economy's recovery trend is strengthening as exports remain robust and domestic consumption improves. In its monthly Green Book assessment, the ministry upgraded its view from last month's description that the recovery was solidifying, while warning that uncertainty from the Middle East conflict is still weighing on livelihoods through higher oil prices and tough employment conditions for vulnerable groups and sectors. The ministry said July exports jumped 62.8% from a year earlier to $98.9 billion, the second-highest monthly total after June's record $102.2 billion. ...
Samsung Electronics Recruits AI And Data Engineering Experts For Chip Business
Binance News - According to Yonhap, Samsung Electronics Co. said Friday it has hired two specialists in artificial intelligence and data engineering to bolster its AI capabilities in semiconductor operations. Han Bo-hyung, a Seoul National University professor and expert in deep learning and vision AI, will lead development of AI models for semiconductor research and development, while Hahn Tai-rin will build data infrastructure prepared for AI systems. Samsung said it plans to broaden AI use across chip design, process technology and manufacturing to improve efficiency and productivity, and will keep recruiting AI and data engineering talent to strengthen its companywide capabilities.
STOCKS | SMIC Co-CEO Zhao Haijun Says Second-Quarter Gross Margin Was Strong
Binance News - According to Jin10, SMIC co-CEO Zhao Haijun said second-quarter gross margin was strong, supported by higher average selling prices and better-than-expected utilization.
Philadelphia Phillies Polymarket Odds Jump to 67% in Twins Matchup
Binance News - Polymarket’s Philadelphia Phillies option in the Philadelphia Phillies vs. Minnesota Twins market rose sharply from 49.5% one hour earlier to 67%, a 17.5% swing. According to ChainCatcher, the move was tracked by Catcher Predict monitoring, which noted that related breaking news may have influenced the change.
STOCKS | Shenzhen Stock Exchange Removes Hesai-W From Hong Kong Stock Connect List
Binance News - According to Jin10, the Shenzhen Stock Exchange has removed Hesai-W from the list of eligible securities under Hong Kong Stock Connect, effective August 14.
Doosan Enerbility Wins TerraPower SMR Equipment Contract
Binance News - According to Yonhap, Doosan Enerbility Co. said Friday it has secured a contract from U.S. nuclear energy firm TerraPower to manufacture key equipment for the company's small modular reactor project in the United States. The South Korean plant builder will produce the guard vessel, internal structures and support structures for TerraPower's Natrium advanced reactor, but it did not disclose the deal value. The contract follows a December 2024 agreement between the two companies to carry out preliminary reviews of the three major components for TerraPower's first Natrium reactor. The 345-megawatt unit broke ground earlier this year and is under construction in Wyoming. The announcement came as TerraPower founder and chair Bill Gates was in Seoul for talks with major South ...
Vida Says He Hedged Bitcoin at $63,000 and Trimmed One-Third of His Position
Binance News - Vida, founder of Formula News, said he hedged with BTC/USD1 perpetual contracts when Bitcoin was about $63,000 and has exited roughly one-third of his BTC position. According to Odaily, he still holds two-thirds of his spot BTC. He said he remains bullish on Bitcoin over the long term, but believes the current BTC narrative has been clearly overshadowed by AI and that he does not expect a new core narrative to emerge in the next one to two years. Vida said Bitcoin's next bull run may need to be driven by issues in U.S. Treasuries or the dollar, along with rising concerns about fiat currency depreciation, and that global assets may first undergo repricing before then. ...
Chinese Technology Grows More Embedded In Global Business
Binance News - According to CNBC, Chinese technology is becoming increasingly embedded in the businesses of major global companies even as Washington steps up efforts to curb Beijing's technological ambitions. Apple has turned to Alibaba and Baidu for AI in China, Ford is working with CATL on battery technology, Volkswagen has teamed with Xpeng on smart EVs in China, and Stellantis is expanding its partnership with Leapmotor on EV production and joint purchasing. Kitty Fok, managing director at IDC China, said China has shifted from being mainly a market for global companies to a source of capability in some sectors. Soumen Mandal, principal analyst at Counterpoint Research, said Chinese ...
STOCKS | Dell Shares Hit Record High as Michael Dell’s Wealth Surges
Binance News - Dell Technologies shares briefly touched a record $514.00 intraday on Thursday, extending their gains in 2026. According to Sina Finance, Dell Technologies founder and CEO Michael Dell was the second-biggest wealth gainer among the world’s richest people this year. As of Wednesday’s close, Michael Dell’s net worth was about $246 billion. It rose by $12.6 billion on Wednesday alone and had increased by $106 billion year to date, lifting him to fifth place on the global rich list. Tesla chief Elon Musk remained first with a net worth of $884 billion. Dell ...
Japan’s Former Senior FX Diplomat: BOJ May Ultimately Raise Rates to Around 1.5% to 1.75%
Binance News - According to Jin10, Japan’s former senior foreign exchange diplomat said the Bank of Japan may ultimately want to raise interest rates to around 1.5% to 1.75%.
STOCKS | Foreign Investors Net Sold Japanese Stocks Worth 368.5 Billion Yen in the Week to August 7
Binance News - According to Jin10, foreign investors net sold Japanese stocks worth 368.5 billion yen in the week to August 7, compared with 392.5 billion yen in the previous reading.
Japan Buys Yen 1.6294 Trillion in Foreign Bonds in Week to August 7
Binance News - According to Jin10, Japan bought 1.6294 trillion yen in foreign bonds in the week to August 7, compared with 477.9 billion yen previously.
Australia Seeks U.S. Tariff Exemption
Binance News - Australia is seeking an exemption from U.S. tariffs. According to Sina Finance, Australian Prime Minister Anthony Albanese told reporters that U.S. President Donald Trump said he would consider the request, which was raised during a phone call. Albanese said he sought a full exemption or, at minimum, no increase in the current 12.5% tariff. He said Australia and the United States have maintained a free trade agreement for more than 20 years and noted that the United States has a trade surplus with Australia.
Ethereum Foundation pivots away from Poseidon in post-quantum plan
CoinTelegraph - Advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake.
STOCKS | Wood Mackenzie Says Three Economic Forces Could Boost EV Growth
Binance News - Wood Mackenzie released a report on Thursday saying three emerging economic forces could drive global electric vehicle output higher and affect oil, power, and metals markets. According to Sina Finance, the report identified war-related oil supply shocks tied to Russia and Iran, high fuel prices pushing consumers toward EVs, and technological innovation as the three forces. The report said China is making rapid progress in battery technology, including 5-minute fast-charging, sodium-ion batteries, and lithium iron phosphate batteries. It added that Western countries could use government support to promote innovation. ...
Whale Transfers 546.8 Bitcoin to Galaxy Digital for OTC Sale
Binance News - A whale transferred 546.8 Bitcoin to Galaxy Digital for an over-the-counter sale worth about $34.7 million. According to ChainCatcher, the transfer was tracked by Onchain Lens.
U.S. Treasury Secretary Bessent Says Unprecedented Measures Will Be Taken Against Iran
Binance News - According to Jin10, U.S. Treasury Secretary Bessent said the United States will take unprecedented measures against Iran.
US Energy Secretary Wright Says Ability to Escort Cargo Through the Strait of Hormuz Is Improving
Binance News - According to Sina Finance, U.S. Energy Secretary Chris Wright said the U.S. military's ability to escort cargo and transport goods through the Strait of Hormuz region is improving. Wright made the remarks in an interview with the media. He added that oil flows through the Strait of Hormuz will continue to increase and said the oil market's bottleneck lies in refining, not crude deliveries.
Cramer Says Investors Should Look for Companies That Underpromise and Overdeliver
Binance News - According to CNBC, Jim Cramer said investors should look for companies that set conservative forecasts and later beat them, calling that a sign of a potentially strong stock. He pointed to Cisco as an example after the networking company reported strong quarterly results but fell 8.4% in Thursday's regular session as investors focused on its guidance. Cramer said the decline creates a buying opportunity, arguing Cisco remains attractive as a play on artificial intelligence through networking within and among data centers. He said Cisco saw strong demand from hyperscalers and strength in its traditional networking business, and added that CEO Chuck Robbins tends to set cautious expectations, especially at the start of Cisco's fiscal year.
U.S. Energy Secretary Wright Says Iran Is Trying to Hold the Global Economy Hostage
Binance News - According to Jin10, U.S. Energy Secretary Wright said Iran is trying to hold the global economy hostage.
'Bitcoin Is Burning': Red Team Turns to Chinese AI to Find Flaws
Decrypt - Bitcoin Red Team member Calle said Chinese models, including Moonshot AI’s Kimi K3, are finding bugs across Bitcoin’s open-source software.
PRECIOUS METALS | SPDR Gold Trust Holdings Fall 2.568 Tons to 1,023.243 Tons
Binance News - According to Jin10, SPDR Gold Trust holdings fell 2.568 tons from the previous day to 1,023.243 tons.
Fed September Rate-Hold Probability at 65.2%
Binance News - According to Jin10, CME FedWatch shows a 65.2% probability that the Federal Reserve will keep rates unchanged in September and a 34.8% probability of a cumulative 25-basis-point hike. It also shows a 50.1% probability of no change by October, a 41.8% probability of a cumulative 25-basis-point hike, and an 8.1% probability of a cumulative 50-basis-point hike.
Jared Kushner Expected to Meet Egypt, Qatar, and Turkey Mediators in Cairo Next Week
Binance News - According to Sina Finance, a person familiar with the matter said U.S. President Donald Trump’s envoy Jared Kushner is expected to travel to Cairo next week to hold talks with mediators from Egypt, Qatar, and Turkey. Earlier reports said Kushner also planned to visit Israel next week for Gaza-related talks.
New York City Pied-à-Terre Tax Can Proceed During Legal Challenge
Binance News - According to CNBC, a New York appellate judge ruled Thursday that New York City can continue rolling out its pied-à-terre tax while the levy faces a legal challenge. The decision came after Staten Island Judge Wayne Ozzi on Monday issued a temporary restraining order that briefly halted the tax on second homes above a certain value. New York City Mayor Zohran Mamdani's administration had asked the appeals court to confirm an automatic stay after filing a motion to appeal, saying Ozzi's ruling threatened the city's time-sensitive implementation of the new surcharge. The lawsuit was filed by three city residents challenging the legality of the rollout, not the tax policy itself, and cited the city's distribution of information on thousands of homeowners as well as mailed notices ...