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Bitcoin miners earn $1B in August; Coinbase launches derivatives in Canada; ETF battles continue.
French Hill Highlights CLARITY Act as 2026 Passage Odds Hit 15%
Bitcoin.com - Prediction-market traders assign the CLARITY Act only a 15% chance of becoming law in 2026. House Financial Services Committee Chairman French Hill continues to place the bill within a broader push for permanent financial rules. Prediction Markets Remain Skeptical of 2026 Passage Washington’s effort to establish national rules for crypto trading, custody, and market oversight […]
Coinbase enlists ex-xAI CFO Armstrong on its board
Cryptopolitan - Coinbase has named Anthony Armstrong, the previous finance chief at Elon Musk’s xAI and X, to its board of directors as competition in the cryptocurrency industry starts shifting from trading volume to control of the technologies behind 24/7 markets. Now it is much more important to be able to provide the liquidity, settlement, custody, and...
Grayscale Sees Crypto Opportunity as Stock Concentration Soars
Bitcoin.com - Grayscale says record U.S. household equity exposure and demanding stock valuations strengthen the case for crypto diversification. The crypto asset manager argues digital assets are emerging from a market reset with lower valuations and investor positioning. Record Equity Exposure Strengthens Diversification Case Record stock concentration has left household portfolios more exposed to an equity-market reversal, […]
XRP’s $2.14 bull case just met a $474 million ETF tailwind
CryptoSlate - CryptoSlate's 90-day model maps nearly 59% upside in its bullish Nov. 30 scenario, while the central estimate and downside range remain far lower. The post XRP’s $2.14 bull case just met a $474 million ETF tailwind appeared first on CryptoSlate.
An AI Training Data Startup Just Became Y Combinator's Fastest-Ever Unicorn
Decrypt - Afterquery's valuation jumped more than tenfold in five months, making it Y Combinator's fastest unicorn ever.
Kraken Is Building Wall Street's Crypto Gateway While Delaying Its Own IPO
BeInCrypto - Kraken builds Wall Street's crypto gateway with Nasdaq, LSE and Deutsche Börse while pushing its own IPO into 2027. The post Kraken Is Building Wall Street's Crypto Gateway While Delaying Its Own IPO appeared first on BeInCrypto.
Record Squeeze Drives Bitcoin Price Rally, But $83K Resistance Looms
Bitcoin.com - A massive short squeeze on Aug. 19, which is the largest single-day short liquidation event recorded by Glassnode since 2019, catalyzed a bitcoin price rally toward $80,000. Record Squeeze Triggers Price Rebound The massive wave of short liquidations on Aug. 19 served as the primary catalyst for bitcoin’s rapid price rebound, according to blockchain analytics […]
FBI Seizes $560K in Crypto Bound for Hamas, Takes Over Fundraising Sites
Decrypt - Agents seized digital assets, domains, and servers allegedly used by Hamas’ military wing to collect donations and recruit supporters.
BlackRock’s Bitcoin ETF barely beat the S&P 500 after putting investors through a 53% crash
CryptoSlate - IBIT’s 1.60-point lead masked a maximum decline nearly three times as deep as the S&P 500 fund’s. The post BlackRock’s Bitcoin ETF barely beat the S&P 500 after putting investors through a 53% crash appeared first on CryptoSlate.
Bitcoin Miners Shift Focus to AI Amid Declining Hashrate, Says CEO
TheCurrencyAnalytics - Bitcoin’s hashrate is in its first real bear market. That’s the word from Rapha Zagury, CEO of Twenty One Capital,… Read the original on Bitcoin Hashrate Plummets as Miners Shift Focus to AI Opportunities, Says CEO. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin Miners Pocket $1B in August, but Halving Pain Still Lingers
Bitcoin.com - According to metrics, last month, bitcoin miners logged their best month in revenue since May, capturing $1 billion in profits between the subsidy and fees. The strong earnings were fueled by bitcoin’s price rising 24.95% in August, giving mining operators some much-needed breathing room. Bitcoin Miners Pocket $1 Billion as Hashprice Finds Relief Bitcoin miners […]
US officials work with CrowdStrike to fight malware behind crypto theft
CoinTelegraph - Federal authorities and private-sector partners were part of an operation to disrupt malware that redirected about $150,000 in crypto over the last eight years.
New Jersey Seeks Supreme Court Ruling on State Control of Prediction Markets
TheCurrencyAnalytics - New Jersey wants the U.S. Supreme Court to step in. The state filed a request asking the nation’s highest court… Read the original on New Jersey Urges Supreme Court to Clarify Regulation of Prediction Markets. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
35 More Bitcoin: Smarter Web Expands Its Growing BTC Treasury
CryptoPotato - The UK-based company spent £2 million in its latest Bitcoin purchase.
CZ Says AI Money Is Rotating Back to Crypto as $840,000 Case Builds for Bitcoin
BeInCrypto - CZ says hot money is rotating from AI back to crypto as River models a $840,000 Bitcoin and Glassnode flags supply. The post CZ Says AI Money Is Rotating Back to Crypto as $840,000 Case Builds for Bitcoin appeared first on BeInCrypto.
Coinbase launches regulated crypto derivatives in Canada
CoinTelegraph - Coinbase is offering eligible Canadian traders perpetual and dated futures with up to 10x leverage as major US trading platforms expand their crypto presence in Canada.
Top Pentagon AI Official Sold Millions in Perplexity Stock, Disclosures Show
Decrypt - Emil Michael's latest financial filings show a summer exit from Perplexity, months after a January sale of xAI stock that reportedly netted him up to $24 million.
BIS Finds New Use Case for XRP Ledger
U.Today - The Bank for International Settlements just tested the XRP Ledger as a way to verify official economic statistics. The Bank for International Settlements just tested the XRP Ledger as a way to verify official economic statistics.
Berkshire's Abel calls Alphabet a 'significant player' in $37.8B AI bet
Cryptopolitan - Berkshire Hathaway’s new CEO, Greg Abel, has given some rare insight into why the firm now counts Alphabet (NASDAQ: GOOG) as its third-largest stock holding. CEO Greg Abel said Berkshire Hathaway is going all-in because it believes the tech giant will benefit from the AI boom through the Google stock itself and the electricity its...
AI startup Wonderful doubles valuation to $5 billion in latest funding round
Cryptopolitan - Wonderful, an Israeli-Dutch enterprise AI startup, closed a $550 million Series C funding round on September 2 at a $5 billion valuation, more than double the $2 billion it was worth when it raised its Series B in March. Capital seems to be flowing quickly to startups that are selling the plumbing for large companies...
Hashkey Becomes First Asian Company in DTCC's Digital Asset Working Group
TheCurrencyAnalytics - Hashkey just made history. The Hong Kong-based crypto firm became the first Asian digital asset service provider to join the… Read the original on Hashkey Becomes First Asian Firm in DTCC’s Tokenization Group with Major Players. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Coinbase bets on Canada crypto market with derivative contracts launch
Cryptopolitan - Eligible Canadian investors can now access regulated derivative contracts on crypto exchange Coinbase. The company made the announcement on September 2, stating that traders now have a domestic CFTC-registered venue for crypto futures for the first time in the country. The company stated that the rollout runs through Coinbase Financial Markets (CFM), a futures commission...
'The Right Trade': Strategy CEO Has No Regrets Selling Bitcoin at $60K Before Buying Back Higher
Decrypt - Phong Le said Strategy’s cost of capital—not Bitcoin’s price—drove its decision to sell nearly 7,000 BTC before resuming purchases above $80,000.
Google Stock Gets Another Bullish Signal From US Courts
BeInCrypto - Google dodges a major antitrust blow after a judge rejects a forced AdX sale. Alphabet stock climbed on the news. The post Google Stock Gets Another Bullish Signal From US Courts appeared first on BeInCrypto.
New Jersey officials petition US Supreme Court over prediction markets
CoinTelegraph - New Jersey’s Attorney General and gaming authorities filed a petition for a writ of certiorari to the US Supreme Court over Kalshi offering sporting event contracts to residents.
Grayscale Battles SEC Over Future of Crypto ETFs: “Don’t Break What Works”
BeInCrypto - Grayscale urged the SEC to build on existing crypto ETF rules, warning new limits would raise costs and delay funds. The post Grayscale Battles SEC Over Future of Crypto ETFs: “Don’t Break What Works” appeared first on BeInCrypto.
Thailand SEC to Enforce Crypto Travel Rule by February 2027
cryptoDNES - Thailand's SEC mandates the 'Travel Rule' for digital assets starting Feb 27, 2027, requiring data exchange for transfers and private wallet verification. The post Thailand SEC to Enforce Crypto Travel Rule by February 2027 appeared first on CryptoDnes EN.
Bitcoin Price Resists $76K Dip as Analyst Flags Next Buy Zone at $74K
Bitcoin.com - On Sept. 2, bitcoin’s price fell toward the $76,000 mark following renewed military strikes between the U.S. and Iran. Despite brief price rebounds, high volatility capped bitcoin at a sub-1% daily loss, dragging its market cap down to $1.55 trillion. Volatile Recovery Interrupted by Geopolitical Friction On Sept. 2, bitcoin appeared to recover from a […]
Arthur Hayes Shifts Focus to Ethereum as BitMEX Ceases Operations
TheCurrencyAnalytics - Arthur Hayes is done with Bitcoin as his top trade — at least for now. The BitMEX co-founder says Ethereum… Read the original on Arthur Hayes Declares Ethereum a Smarter Bet Than Bitcoin as BitMEX Closes. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Crypto Groups Push SEC for Tailored Rules on Novel ETFs
Decrypt - Groups including The Crypto Council for Innovation, Grayscale, and a16z urged the regulator to preserve existing fund classifications and streamline reviews for new exchange-traded products.
$4.4 Million Jewelry Theft Spree Hit Stores in New York, New Jersey, Connecticut, Ohio, Indiana, Illinois and Virginia, Says U.S. Department of Justice
DailyHODL - Federal authorities extradited two Colombian nationals accused of leading a sophisticated jewelry theft ring that targeted malls across multiple states, including one in Connecticut. The operation resulted in over $4.4 million in losses with no recoveries reported. The post $4.4 Million Jewelry Theft Spree Hit Stores in New York, New Jersey, Connecticut, Ohio, Indiana, Illinois and Virginia, Says U.S. Department of Justice appeared first on The Daily Hodl.
Anthropic Finally Repairs Trump Administration Ties as IPO Spotlight Grows
BeInCrypto - Commerce Secretary Howard Lutnick says the Trump administration trusts Anthropic again, weeks before a record IPO. The post Anthropic Finally Repairs Trump Administration Ties as IPO Spotlight Grows appeared first on BeInCrypto.
XRP Ledger Trading Gets Bigger
U.Today - Trading activity on the XRP Ledger surged in the second quarter, with average daily order-book volume rising 79% from a year earlier even as the number of accounts executing trades fell. Trading activity on the XRP Ledger surged in the second quarter, with average daily order-book volume rising 79% from a year earlier even as the number of accounts executing trades fell.
Bitcoin Experiences Strongest Monthly Performance in Several Years
TheCurrencyAnalytics - Bitcoin soared by 24% in August, marking its best month since November 2024 and its strongest monthly performance since August… Read the original on Bitcoin Hits $80,000 as August Sees 24% Surge, Best Since 2017. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Blackrock, Nasdaq, Citadel to Join SEC’s 24/7 Trading Roundtable
Bitcoin.com - This week, the U.S. Securities and Exchange Commission (SEC) announced the attendees of a public roundtable that aims to discuss how traditional finance (TradFi), particularly American stocks, can trade 24 hours a day and seven days a week. Digital currencies have always traded 24/7/365 since the first bitcoin (BTC) exchanges were launched more than a […]
Dell shares surge after strong AI server demand boosts forecast
Cryptopolitan - Dell Technologies stock surged about 9% in Wednesday pre-market trading after the company reported a record haul of AI server orders and had a lift in its outlook for the rest of fiscal 2027. The move will interest investors still debating if AI hardware demand can continue to grow and increase. On the NYSE the...
Ondo urges SEC, CFTC to bring US stock perpetuals onshore
CoinTelegraph - Ondo says existing US securities laws can accommodate perpetual futures tied to individual stocks as regulators look to bring more derivatives activity onshore.
How to Get the Trump $1 Coin: Buy It or Hunt Your Change
BeInCrypto - The US Mint sells Trump $1 coin rolls at $61, and only 1 coin in 35 carries the rare July 4 privy mark. The post How to Get the Trump $1 Coin: Buy It or Hunt Your Change appeared first on BeInCrypto.
Bitcoin to Hit $82,000 in September: Kalshi
U.Today - Kalshi traders are betting on Bitcoin reaching a high of $82,000 this month, amid growing expectations for another price recovery across major assets. Kalshi traders are betting on Bitcoin reaching a high of $82,000 this month, amid growing expectations for another price recovery across major assets.
Thailand's SEC sets February 2027 date cutoff date for crypto Travel Rule
Cryptopolitan - Thailand’s Securities and Exchange Commission has set a February 27, 2027, date for digital asset operators to set up the systems they need to align with the finalized version of its crypto “Travel Rule” or lose their right to do business in the country. By the deadline set about six months away by the country’s...
MicroStrategy Resumes Bitcoin Accumulation After Extended Buying Gap
99Bitcoins - Strategy resumes Bitcoin purchases after 10 weeks, adding 4,603 BTC and bringing its reported holdings to 845,050 BTC. The post MicroStrategy Resumes Bitcoin Accumulation After Extended Buying Gap appeared first on 99Bitcoins.
What the $344M crypto political spending spree wants from Congress next
CryptoSlate - Corporate political donations hit a record $646 million over the 18 months through June, according to Public Citizen's analysis of FEC filings. Crypto political spending led every other corporate sector at $206 million, while crypto, AI, and online betting together accounted for $344 million, more than half the total. The GENIUS Act already created a […] The post What the $344M crypto political spending spree wants from Congress next appeared first on CryptoSlate.
G20 members tout ‘clear pathways’ for digital asset innovation
CoinTelegraph - Officials in the G20, under the US’ presidency, recognized that digital assets could support “broad-based economic growth” and called for improvements in cross-border transactions.
Bitcoin accumulation gets hot again as treasury firms ride bull wave
Cryptopolitan - Corporate Bitcoin buyers moved in unison this week, with firms across Japan, France, and the UK acquiring more Bitcoins. Some have restarted stalled programs, while others have gone as far as offloading other tokens in their treasury to concentrate on Bitcoin. While all these are happening, Bitcoin currently sits at around $76,990. Remixpoint, a diversified...
Binance Adds Options on 1,000 US Stocks as TradFi Volume Tops $433 Billion
CoinPaprika - Binance added physically settled options on more than 1,000 US stocks and exchange-traded funds for eligible users outside the United States. The launch followed August TradFi perpetual futures volume of about $433 billion, roughly 15 times January's total.
Uber plans 10% workforce cut, stock surges
Cryptopolitan - Uber has announced a cut of about 3,300 jobs and roughly 10% of its staff in a restructuring aimed at thinning management and shifting the company’s focus to delivery and self-driving cars, according to a statement from CEO Dara Khosrowshahi on Wednesday. Higher ranks at management levels are expected to see a drop of 20%....
FCA Implements New Reporting Rule to Significantly Reduce Industry Costs
TheCurrencyAnalytics - Britain’s financial watchdog just made life cheaper for hundreds of firms. The Financial Conduct Authority finalized new transaction reporting rules… Read the original on FCA’s New Reporting Rules Slash Industry Costs by £108 Million Annually. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
AI Billionaires Fund Ad Blitz as Data Center Opposition Hits 61%
Decrypt - Marc Andreessen, Ben Horowitz and OpenAI's Greg Brockman have backed the super PAC behind the campaign, which faces surging opposition.
BTC will hit $1M by 2030... but Arthur Hayes is buying ETH instead
CoinTelegraph - Arthur Hayes says Bitcoin is going to grind higher from here, but Ethereum is his number one pick due to its potential to increase “3x to 5x pretty quickly.”
Hashkey joins DTCC working group as first Asian crypto service provider
CoinTelegraph - Hashkey joined the DTCC’s working group on tokenization innovation as the first Asian crypto service provider to join with over 100 financial institutions, including Goldman Sachs and JPMorgan.
When Governments Want to Direct Your Wealth, Bitcoin Offers an Exit
CryptoPotato - Ursula von der Leyen's most recent speech highlights the most precise reason of why we Bitcoin.
Gold Just Erased All Its August Gains – Bitcoin Is Holding Up Better at $77K
CryptoPotato - The Treasury Department's announcement led to major gains for several assets. Gold, though, has lost its own.
Sality Botnet Dismantled After Eight Years of Stealing Bitcoin and Ethereum
Decrypt - CrowdStrike and the DOJ isolated more than 15,000 infected machines in a malware takedown spanning four countries.
OpenPayd Makes Major US Push After Securing 43 State Money Transmitter Licences
CryptoPotato - OpenPayd is targeting a Nasdaq debut after agreeing to combine with Titan Acquisition Corp. in a major public-market deal.
Thailand SEC Proposes Retail Access to Overseas Crypto Derivatives
CoinPaprika - Thailand's Securities and Exchange Commission proposed rules on August 31, 2026, that would let licensed intermediaries offer retail investors access to qualifying crypto derivatives on overseas exchanges. Public consultation runs until September 30, 2026.
Thailand adopts crypto Travel Rule with self-custodial wallet checks
CoinTelegraph - Thailand adopted a crypto Travel Rule requiring digital asset operators to verify control of self-custodial wallets and retain transaction data for five years.
Goldman Sachs Invests in XRP ETFs Amid Rising Market Interest
TheCurrencyAnalytics - XRP spot ETFs just crossed $1.6 billion in cumulative net inflows. That’s not a rumor — that’s where the money… Read the original on Goldman Sachs Leads with $87.4 Million in XRP ETFs Amid $1.6 Billion Inflows. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Elon Musk Grok AI Predicts Ethereum Price by January 1, 2027
99Bitcoins - Elon Musk Grok AI predicts that while Ethereum (ETH) could hit some big targets by the end of 2026, the chatbot predicts modest gains by January 1, 2027, something that ETH maxis won’t want to hear. ETH is currently trading for $2,450, down around -0.5% over the past 24 hours and -1.5% over the past.. The post Elon Musk Grok AI Predicts Ethereum Price by January 1, 2027 appeared first on 99Bitcoins.
Crypto industry urges SEC to avoid blanket novel ETF restrictions
CoinTelegraph - Grayscale, a16z, and the CCI asked the SEC to preserve existing classification rules and avoid treating novel exchange-traded products as a single category, while proposing different routes to clearer and faster reviews.
Ireland to Exclude Crypto From New Tax-Advantaged Investment Accounts
CoinPaprika - Ireland will exclude cryptocurrencies from a new tax-advantaged investment account scheme due to launch in 2027, classing them as highly complex and risky products. The accounts will cover listed shares, bonds and exchange-traded funds, with tax terms set in October's Budget 2027.
Whale Behavior Signals Caution Amidst Bitcoin Stability
TheCurrencyAnalytics - On-chain spotlight reveals subtle signs of whale caution as Bitcoin and Ethereum post modest declines. Price action over the past… Read the original on Whale Distribution Signals Caution as Bitcoin Drops to $77,475. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin ETFs notch best month of 2026 as BTC gains 25% in August
CoinTelegraph - US spot Bitcoin ETFs reduced their year-to-date net outflows by 66% as Bitcoin gained about 25% in August, while Ether ETFs turned positive YTD at $732 million and XRP ETFs reached $502 million.
Plume Network: RWA-Native Layer 2 Explained
CoinPaprika - Plume Network crypto is the first RWA-native Layer 2 with $577M TVL and 259K holders — here is how the chain works and what PLUME token is worth.
Binance Launches US Stock Options Trading for International Investors
TheCurrencyAnalytics - Binance just opened options trading on more than 1,000 US stocks and ETFs — and it’s not for American users.… Read the original on Binance Launches Options Trading on 1,000 US Stocks for International Users. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Hedge Fund Manager Advocates for BOJ Intervention Amid Yen Instability
TheCurrencyAnalytics - Scott Bessent wants the Bank of Japan to get its act together. The hedge fund manager came out publicly urging… Read the original on Scott Bessent Urges Bank of Japan to Address Yen Volatility Impacting Global Markets. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
U.S.-Iran Tensions Drive Investors Towards Safe-Haven Dollar Assets
TheCurrencyAnalytics - The dollar is surging. Geopolitical friction between the U.S. and Iran has pushed investors hard toward safe-haven assets, and the… Read the original on Dollar Soars to 105.36 as U.S.-Iran Tensions Fuel Market Jitters. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
These Wall Street Giants Are the Biggest Holders of Spot XRP ETFs
CryptoPotato - Investment advisors held $120.9 million of the reported XRP ETF exposure, far ahead of banks, brokerages, and hedge fund managers.
STOCKS | MMG Sees Three Cross Trades Totaling 17.74 Million Shares
Binance News - MMG (01208) recorded three cross trades at 10:54 AM, 10:55 AM and 10:56 AM, involving a combined 17.74 million shares for HK$159 million, according to ETNet. The trades were done at HK$8.987 to HK$8.99 a share, 4.8% below the previous close. MMG was last down 4.9% at HK$8.985, with turnover of 38.92 million shares worth HK$350 million. Active buying and selling stood at 33:67, with net active selling of HK$55.96 million.
STOCKS | MMG Falls 4.9% After Cross Trades Total 20.2 Million Shares
Binance News - MMG (01208) fell 4.9% to HK$8.98 after a series of cross trades, according to ETNet. The miner recorded six cross trades involving a total of 20.2 million shares for HK$182 million. The deals were executed at HK$8.987 and HK$8.99 a share, or 4.8% below the previous close. Turnover reached 40.95 million shares worth HK$368 million, with active buying and selling at 33:67 and net active selling of HK$56.46 million.
TD Cowen Cuts Bitcoin 2026 Price Target to $97,500
Binance News - TD Cowen analyst Lance Vitanza set a year-end 2026 Bitcoin price target of $97,500, implying about 25% upside from recent levels near $78,000. According to ChainCatcher, the firm also lowered its prior year-end 2026 base-case forecast from about $140,000 to about $100,000 and sharply reduced its more bullish long-term outlook. Vitanza said the downgrade was driven mainly by recent weakness in Bitcoin’s price, not by deterioration in the company’s fundamentals or market structure. TD Cowen said Bitcoin has traded recently in a range of about $58,400 to $78,000, after falling more than 50% from its previous high above $126,000, with ...
STOCKS | Centec Communications Plans Share Placement To Raise Up To RMB 4.805 Billion
Binance News - Centec Communications (688702) said on Sept. 1 that it plans to issue up to 41 million A shares to no more than 35 specific investors and raise up to RMB 4.805 billion, according to ETNet. Net proceeds, after issuance costs, will be used for next-generation high-performance switching chip research and industrialisation, next-generation interconnect software, hardware and protocol research, and working capital. The company said the offering is aimed at improving its high-bandwidth, high-performance switching chip product matrix and building full-scenario computing service capabilities. ...
Nvidia Partner Draws Heavy Demand for Asia GPU-Backed Loan
Binance News - GMI Cloud, an Nvidia Corp. partner, secured commitments for more than twice the amount it was seeking for a loan backed by sales of computing power from advanced chips, according to Bloomberg. The deal is one of the first of its kind in Asia.
Kalshi Seeks Approval for Forex and Interest Rate Perpetual Contracts
Binance News - Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates, according to Andy Ross, the company’s head of institutional business. According to Foresight News, the filing was made on Monday and had not appeared in the U.S. Commodity Futures Trading Commission’s public records system by Tuesday afternoon. The CFTC approved Kalshi’s bitcoin perpetual contracts in May, after which the platform introduced ETH and XRP perpetual contracts. Kalshi has since expanded perpetual contracts beyond crypto, filing applications in July for gold, silver and platinum perpetual contracts, and on August 18 for U.S. large-cap stock ...
Kalshi Seeks Approval for FX and Interest Rate Perpetual Contracts
Binance News - Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates, according to Andy Ross, who heads the company’s institutional business. According to Odaily, the filing was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission’s public records system by Tuesday afternoon. The CFTC approved Kalshi to list Bitcoin perpetual contracts in May, after which the platform introduced ETH and XRP perpetual contracts. Kalshi later expanded perpetual contracts beyond crypto, filing applications in July for gold, silver and platinum contracts, and on August 18 for U.S. large-cap stock index and ...
Zhipu Opens Official Tmall Flagship Store to Sell Coding Plan Packages
Binance News - Zhipu, a domestic large-model developer, has opened an official flagship store on Tmall and is selling products including Coding Plan packages on September 2. According to ChainCatcher, the store currently offers personal Lite, Pro, and Max subscription tiers that can be purchased monthly, quarterly, or annually. Token purchases may also be completed on the e-commerce platform in the future.
Former ByteDance and Tencent Robotics X Expert Sun Pengbo Joins Stardust Intelligence
Binance News - Dr. Sun Pengbo, a former reinforcement learning expert at ByteDance and former head of Tencent Robotics X's agent center, has officially joined Stardust Intelligence, where he will focus on robot reinforcement learning research and application development, according to Jiemian News.
U.S. Energy Secretary Says Venezuela Oil Output Will More Than Double in Coming Years
Binance News - According to Jin10, U.S. Energy Secretary Wright said after arriving in Venezuela on Tuesday that related agreements to be signed in Caracas on Wednesday by U.S. and other countries' oil companies will push Venezuelan crude output to more than double in the coming years. He said the investments covered by these agreements will significantly increase the amount of oil available for supply and put downward pressure on oil prices. Wright also said the biggest bottleneck for gasoline and diesel prices is refining capacity, and that U.S. gasoline prices are expected to fall in the coming weeks thanks to the Trump administration's easing of refinery regulations.
STOCKS | UBS Upgrades Leapmotor To Buy, Keeps HK$50 Target Price
Binance News - UBS upgraded Leapmotor (09863) to Buy from Neutral and kept its target price at HK$50, according to ETNet. The broker said Leapmotor shares fell 15% in the six trading days after its interim results, leaving the market already pricing in concerns over lower 2026 earnings expectations and industry-wide margin pressure. UBS said the selloff has made the risk-reward profile more attractive, with downside largely reflected and several potential catalysts ahead, including faster sales momentum, a new technology launch in September, and greater visibility on a second brand and strategic partnerships. ...
AI TRENDS | Alibaba Updates Qwen3.8-Max, Tops CodeArena With 1,691 Points
Binance News - According to Wallstreetcn, Alibaba updated its flagship Qwen3.8-Max model on September 2, with performance significantly improved over the previous version after post-training focused on coding and professional office tasks. In the CodeArena benchmark for front-end coding, Qwen3.8-Max rose 22 points to 1,691, ranking first overall ahead of Claude Opus5 and Kimi K3, while the updated model's average cost was $5 per million tokens on CodeArena's value-for-money list.
Sino Land Target Price Cut To HK$11.3 By CLSA
Binance News - CLSA cut its target price on Sino Land (00083) to HK$11.3 from HK$12.1 and kept an Outperform rating, saying the developer's 2026 fiscal-year underlying profit met its forecast and operating performance remained resilient, according to ETNet. The broker said Sino Land's growing net cash position gives it a more distinctive value proposition versus peers, with enough flexibility to pursue investment opportunities and cushion potential interest-rate headwinds. It lowered its 2027/28 comparable earnings forecasts by 3.0% and 8.2% to reflect changes in project completion timing. ...
STOCKS | Singularity Future Technology Jumps 20% To One-Month High
Binance News - Singularity Future Technology Group (01280) rose 20% to HK$1.95, a one-month high, with turnover of 24.3 million shares worth HK$34.41 million, according to ETNet. The stock traded between HK$1.62 and HK$1.95. Active buying accounted for 74% of volume versus 26% on the sell side, with net active buying of HK$770,400. IMC Asia Pacific was the largest net passive buyer at HK$152,300, while Bright Smart Securities was the largest net passive seller at HK$94,700.
STOCKS | Morgan Stanley Keeps Sino Land At Equal-Weight, Sets HK$12 Target
Binance News - Morgan Stanley kept Sino Land (00083) at Equal-Weight with a HK$12 target price, according to ETNet. The broker said Sino Land's rental EBIT should be broadly flat in the second half of fiscal 2025-26, supported by strong residential demand, stable office performance and improving retail conditions. Overall occupancy rose 0.5 percentage point to 90% as of June 2026. Morgan Stanley also said the company may allocate more capital expenditure to asset enhancement projects in the coming years. It expects negative returns from ...
STOCKS | Bright Future Holdings Surges 15% To Record High
Binance News - Bright Future Holdings (03774) rose more than 15% to a record high of HK$27.7, according to ETNet. The stock hit an intraday low of HK$24.58 and traded 230,000 shares worth HK$6.0006 million. It had a net active buy of HK$1.447 million, with an active buy-sell ratio of 63:37. The shares have risen for three straight sessions, gaining 22% over that period.
STOCKS | Baidu Falls 2.7% As CFO Sees AI Returns Matching Search
Binance News - Baidu (09888) fell 2.7% to HK$91.2, extending its losing streak to two sessions with a cumulative decline of 5.2%, according to ETNet. The stock traded about 2.08 million shares, worth HK$191 million. The weakness came as global long-dated bond yields stayed elevated and technology shares softened. U.S. 10-year and 30-year Treasury yields rose, while Japan's 10-year yield climbed above 3% for the first time since 1996 and Britain's 30-year gilt yield hit its highest level since 1998. Separately, Baidu CFO He Haijian said the company's investment in artificial ...
Hong Kong China Travel Maintained At Buy By Citi, Target Raised To HK$1.50
Binance News - Citi kept Hong Kong China Travel (00308) at Buy and nudged its target price up from HK$1.49 to HK$1.50, according to ETNet. The broker said Hong Kong China Travel's first-half 2026 segment profit of HK$176 million was in line with expectations, while revenue rose 13% year on year to HK$2.06 billion. Net profit came in at HK$112 million, hit by a HK$91 million fair-value loss on investment properties. Interim dividend was 1 HK cent, or a 49% payout ratio, slightly above Citi's 40% forecast. The company said it would keep a relatively high payout ratio even after a ...
Ito En Shares Surge More Than 8% After First-Quarter Profit Beats Citi Forecast
Binance News - According to CNBC, Japanese beverage maker Ito En's shares jumped more than 8% Wednesday after the company reported fiscal first-quarter results that beat Citi's expectations. Ito En posted operating profit of 10.2 billion yen ($63.7 million) for the three months from May through July, up 22% from a year earlier, while revenue rose 3.3% to 135.18 billion yen. The company said more than half of the 2.5 billion yen profit beat came from its vending machine business, which delivered a 4% operating profit margin after Ito En integrated its vending machine-related businesses in May to improve profitability and efficiency. Citi said the results were positive for the shares and noted that the May-to-July period is the peak demand season for soft drinks. Ito En also said operating ...
STOCKS | BofA Reiterates Buy On Kuaishou, Sees Upside From Kling AI
Binance News - Bank of America reiterated its Buy rating on Kuaishou (01024) and kept its target price at HK$53, saying the stock offers attractive risk-reward and trades near a cyclical low in valuation, according to ETNet. The report said Kuaishou's Kling AI completed a new funding round at a valuation of $18 billion, with Kuaishou holding a 68% stake. That implies about $12 billion of Kling asset value for Kuaishou. As of June 2026, Kuaishou had $13 billion in net cash. On that basis, the company has a $25 billion valuation foundation, while its current market capitalisation is about 25% below that level. ...
STOCKS | South Korean Stocks Fall More Than 3% as U.S.-Iran Conflict Escalates
Binance News - According to Jin10, South Korean stocks fell more than 3% on Wednesday as the escalation in the U.S.-Iran conflict pushed up bond yields and pressured equities. U.S. airstrikes on Iran on Tuesday triggered Iranian retaliation, marking the most severe escalation in weeks. Kiwoom Securities analysts said market sensitivity to macro variables such as oil prices and bond yields has increased. Data showed South Korea's consumer inflation rate accelerated in August due to a low base effect from the same period last year, but came in below market expectations. Among heavyweight stocks, Samsung Electronics, SK Hynix, and LG Energy Solution fell more than 3%, while Hyundai Motor and Kia fell more than 5%. Of the 907 stocks traded, 150 rose and 731 fell, while ...
Huaxing Securities Appoints Zhao Kai as General Manager
Binance News - Huaxing Securities Co. Ltd. announced on September 2 that it has appointed Zhao Kai as general manager, according to Jiemian News. Zhao has a background in both semiconductors and finance: before entering the financial industry, he worked at Texas Instruments as a sales manager and had five years of industry experience. He entered the securities industry in 2011, serving as vice president in CITIC Securities' investment banking information and media team and later as head of the internet and information technology division at Zhongde Securities. After joining Huaxing Securities in 2020, he served as head of the investment banking division, head of sponsorship business and deputy general manager.
STOCKS | Unitree Falls 50% From Intraday Peak After Shanghai Star Board Debut
Binance News - Unitree Robotics shares have dropped 50% from their intraday peak, according to Bloomberg, in one of the sharpest reversals for a newcomer on Shanghai’s Star Board.
BHP Chief Commercial Officer Rag Udd to Exit at End of January
Binance News - BHP Group Chief Commercial Officer Rag Udd will leave the company at the end of January, according to Bloomberg and people familiar with the move.
STOCKS | Pujiang China Falls 28.9% After SFC Shareholding Inquiry
Binance News - Pujiang China (01417) fell 28.9% to HK$4.77, extending its losing streak to two sessions and bringing the cumulative decline to 36.2%, according to ETNet. The company said the SFC recently conducted an inquiry into its shareholding distribution. The inquiry found that as of Aug. 14, 20 shareholders held about 62.422 million shares, or 15.41% of the issued share capital. It also found that about 11.7 million shares, or 2.89% of issued capital, were registered in the name of HKSCC Nominees Ltd. in the Hong Kong share register but were not deposited in the Central Clearing and Settlement System. ...
STOCKS | Orient Overseas Falls More Than 3% As Turnover Reaches HK$31.08 Million
Binance News - Orient Overseas (00316) fell more than 3% to a low of HK$149, with turnover of 206,000 shares worth HK$31.08 million, according to ETNet. The stock was last down 3.06% at HK$149 and had declined for a second straight session, bringing the two-day loss to 5%. The Hang Seng Index was down 278 points, or 1.1%, at 25,051. ETNet reported that the active buy-sell ratio was 34:66, with net active selling of HK$9.754 million.
STOCKS | Anker Innovation Hits Record High As Kuaishou Falls
Binance News - Two listed companies showed unusual trading at 10:05 a.m., according to ETNet. Anker Innovation (00668) rose 6.25% to HK$134.20, a new listing high. It has gained for two straight sessions and is up 11.74% over that period, with active buy-sell ratio at 59:41. Kuaishou (01024) fell 2.89% to HK$33.64, with active buy-sell ratio at 48:52. Its RMB-traded counter (81024) dropped 2.8% to RMB28.88.
STOCKS | Shipping Shares Fall As U.S.-Iran Tensions Lift Oil Prices
Binance News - Shipping stocks came under pressure as U.S.-Iran tensions escalated, with COSCO Shipping Holdings (01919) down 3.1% to HK$16.76, Orient Overseas (00316) down 2.8% to HK$149.4 and SITC International (01308) down 3.1% to HK$43.54, according to ETNet. The U.S. military launched a new round of airstrikes on targets inside Iran on Tuesday, mainly against military facilities linked to the Islamic Revolutionary Guard Corps. U.S. President Donald Trump later said on social media that the action was justified and warned Iran that any retaliation would trigger larger-scale U.S. military action. ...
STOCKS | JPMorgan Raises Zhipu Target Price 11% To HK$2,000
Binance News - JPMorgan raised its target price on Zhipu (02513) by 11% to HK$2,000 from HK$1,800 and kept an Overweight rating, according to ETNet. The bank said Zhipu's first-half revenue came in below market expectations, mainly because local deployment revenue declined, while cloud and API revenue broadly met forecasts and rose to 86.5% of total revenue. JPMorgan also highlighted that Zhipu's annual recurring revenue reached $1.6 billion in August, equivalent to about $133 million in monthly revenue, exceeding the $123 million in total API revenue generated in the first half. ...
Japan 5-Year Government Bond Yield Rises 4.0 Basis Points to 2.295%, Hits Record High
Binance News - According to Jin10, Japan's 5-year government bond yield rose 4.0 basis points to 2.295%, a record high.
Tencent Music Q2 Profit Falls 31.9% As Revenue Rises 11.5%
Binance News - Tencent Music (1698) said its unaudited condensed consolidated interim results showed net profit fell 31.9% to RMB 4.562 billion, while revenue rose 11.5% to RMB 14.119 billion, according to Ming Pao.
STOCKS | Geely Auto And Lenovo Fall On Unusual Trading
Binance News - Geely Auto (00175) and Lenovo Group (00992) were flagged for unusual trading at 10:01 a.m., according to ETNet. Geely Auto fell 2.96% to HK$17.05, hitting a one-month low and extending its losing streak to six sessions for a cumulative decline of 10.17%. Its RMB counter (80175) dropped 2.9% to RMB14.64. Lenovo Group slipped 3.14% to HK$29.62, while its RMB counter (80992) fell 3.1% to RMB25.44. The active buy-sell ratios were 49:51 for Geely and 45:55 for Lenovo.
RBNZ Says Gradual Withdrawal of Monetary Stimulus Is Appropriate
Binance News - According to Jin10, the Reserve Bank of New Zealand said its committee believes gradually withdrawing monetary stimulus is appropriate because it can return inflation to the midpoint of the 2% target while supporting economic growth and employment.