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Bitcoin accumulation surges as MicroStrategy resumes buying; Thailand enforces crypto Travel Rule.
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.
Blackrock Leads $236M Bitcoin ETF Exit as XRP Funds Gain $14M
Bitcoin.com - Crypto ETF flows diverged sharply on Tuesday, with bitcoin funds posting $236.46 million in net outflows while ether, XRP, solana, and HYPE products added fresh capital. Ether ETFs extended their inflow streak to 12 straight trading days. Blackrock and Fidelity Lead Bitcoin Outflows The day’s exchange-traded funds (ETF) tape carried a clear message: investors were […]
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%....
Justice Department Seizes Over $560,000 in Crypto Donations to Hamas
DailyHODL - The Justice Department seized more than $560,000 in cryptocurrency donations for Hamas's Al Qassam Brigades and took control of related domains and servers used for fundraising. The post Justice Department Seizes Over $560,000 in Crypto Donations to Hamas appeared first on The Daily Hodl.
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.
Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral
CryptoSlate - Michael Saylor has roughly one week to orchestrate STRC’s return to its $100 par value by his informal Sept. 8 target, but the financial machinery required to close the final gap is running hot. Despite deploying $635.2 million on aggressive buybacks, Strategy’s preferred security continues to hover around $97. The company has simultaneously restarted its […] The post Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral appeared first on CryptoSlate.
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.”
El Salvador’s Bitcoin Stash Grows to 7,762 BTC Despite IMF Reservations
Bitcoin.com - El Salvador added another bitcoin to its national reserve this week, pushing its stash to 7,762 BTC even as the International Monetary Fund (IMF) continues urging the government to stop buying. Another Day, Another Bitcoin Added El Salvador’s national bitcoin reserve grew again this week, with the government confirming its holdings now stand at 7,762 […]
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.
Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil
CryptoSlate - JOLTS turnover weakened, but ISM prices at 71.1 and a 66% closing hike probability kept the rates threat alive. The post Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil appeared first on CryptoSlate.
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.
Adam Back Puts €7.6 Million Into Capital B to Buy More Bitcoin
BeInCrypto - Adam Back funds a €7.6 million raise, letting the Capital B Bitcoin treasury add 376 coins and target 3,521 BTC. The post Adam Back Puts €7.6 Million Into Capital B to Buy More Bitcoin appeared first on BeInCrypto.
€30,000 to Sign a Contract in Germany: How Notary Fees Are Really Calculated
BeInCrypto - Elon Musk and Paul Graham pile on as Patrick Collison's €30,000 German notary fee story tops 11 million views on X. The post €30,000 to Sign a Contract in Germany: How Notary Fees Are Really Calculated appeared first on BeInCrypto.
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.
BTC shook off Japanese bond yield spikes to stage August recovery
Cryptopolitan - BTC recovered despite the constantly rising Japanese bond yields. In the past, BTC has reacted to sudden shifts in yield conditions, but the more predictable rate spikes did not have the same effect on the market.
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.
Binance deepens TradFi push with physically settled options on over 1,000 US equities
CryptoSlate - Eligible users trade physically settled contracts through Binance while Nest routes orders and Alpaca executes, settles and custodies the shares. The post Binance deepens TradFi push with physically settled options on over 1,000 US equities appeared first on CryptoSlate.
Taiwan firms plan extra $20B U.S. investment as AI demand drives chip growth
Cryptopolitan - With the growing use of AI across sectors, Taiwanese enterprises plan to spend another $20 billion in the U.S. The nation’s economy minister, Kung Ming-hsin, announced their intention on Wednesday, though he did not share specifics. For some time now, the U.S. has been encouraging Taiwanese tech companies to build more factories on American soil...
Cryptoquant: Bitcoin Price Rally Hid a 60,000 BTC Whale Buying Spree
Bitcoin.com - Wallets holding more than 100 bitcoin added roughly 60,000 BTC in August, according to Cryptoquant data, while smaller holders sold into the month’s rally. The Chart Behind the Bitcoin Price Rally Cryptoquant analyst Woo Minkyu laid out the month gone by in a single chart, exposing a stark slip. Between August 1 and August 30, […]
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.
SEC Taps Blackrock, Robinhood, NYSE and More for 24-Hour Trading Push
Bitcoin.com - The SEC has set Sept. 17 for a roundtable on preparing Wall Street for 24-hour trading, pulling in Blackrock, Citadel Securities, NYSE and more than a dozen other major players. A Roundtable With Wall Street’s Biggest Names The SEC announced this week that it will hold a roundtable on Sept. 17 to work through what […]
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.
London Stock Exchange, Payward Target 100 UK Stocks for 24/7 Trading
Bitcoin.com - The London Stock Exchange and Payward are working to bring tokenized versions of major U.K.-listed shares onchain. The partnership could eventually connect regulated market infrastructure with 24-hour blockchain-based trading and settlement. LSE and Payward Prepare 100 UK xStocks for Investors in 110+ Countries Payward, the company behind the xStocks tokenized equities framework, has partnered with […]
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.
RBNZ Expects Annual CPI to Reach 2.4% by September 2027
Binance News - According to Jin10, the Reserve Bank of New Zealand said annual CPI is expected to reach 2.4% by September 2027, compared with a previous forecast of 2.0%.
NZD/USD Falls More Than 20 Pips as RBNZ Raises Rates 25 Basis Points
Binance News - According to Jin10, NZD/USD fell more than 20 pips in the short term after the Reserve Bank of New Zealand raised interest rates by 25 basis points as expected.
Figure Completes Acquisition of AI Real Estate Lending Platform Kiavi
Binance News - Blockchain capital markets company Figure, listed on Nasdaq under the ticker FIGR, said it has completed its previously announced acquisition of AI real estate lending platform Kiavi. According to Foresight News, Figure acquired Kiavi's technology and operations platform and certain other assets, and Kiavi's brand, platform, and technology will be integrated into Figure's network of more than 480 ecosystem partners through its blockchain-native market, Figure Connect, to expand the reach of its lending technology. Kiavi Chief Executive Officer Arvind Mohan will join Figure as chief business officer. According to Foresight News, Figure previously said it would acquire ...
New Zealand Interest Rate Decision Holds at 2.75%
Binance News - According to Jin10, New Zealand's interest rate decision as of September 2 was 2.75%, matching expectations and up from the previous 2.50%.
Palo Alto Networks' acquisition of Console buffers $2.59 trillion AI market
Cryptopolitan - On Tuesday, Palo Alto Networks reported outstanding quarterly results and a new acquisition, which marks a big move towards a segment of enterprise technology that is growing very fast: security for AI agents. The cybersecurity company (NASDAQ: PANW) has reported better-than-expected results for the fourth quarter and acquired Console, an AI-native platform designed to help...
STOCKS | Dragon Resources Jumps 16.26% As Huaibei GreenGold Falls 16.21%
Binance News - Two listed companies recorded unusual trading at 9:30 a.m., according to ETNet. Dragon Resources (01712) rose 16.26% to HK$8.65, hitting a one-month high, with an active buy-sell ratio of 23:77. Huaibei GreenGold (02450) fell 16.21% to HK$12.15, with an active buy-sell ratio of 69:31. It has declined for two straight days, for a cumulative loss of 20.07%.
STOCKS | Kingwha Holdings Jumps 25% To One-Month High
Binance News - Kingwha Holdings (08082) rose as much as 30% to HK$0.026, a one-month high, and was last up 25% at HK$0.025, according to ETNet. The stock traded 7.93 million shares worth HK$185,200. The active buy-sell ratio was 59:41, with net active buying of HK$31,500. It has risen for three straight sessions, gaining 47.1% over that period.
Quantum-Resistant EVM Layer 1 DAC Raises $1 Million
Binance News - Quantum-resistant EVM Layer 1 blockchain DAC said it has raised $1 million from Unicorn Crypto Ventures. According to ChainCatcher, DAC is building EVM-compatible blockchain infrastructure designed to resist quantum computing attacks. The project said it is based on a Quadrans fork and uses a three-layer node architecture and PoQW consensus. It also uses a dual-asset model, DACT and DACC, to support ecosystem activity and transaction execution for developers and enterprises.
STOCKS | China Oilfield Services Shares Open Higher After U.S. Strike on Iranian Military Targets
Binance News - According to Jin10, China A-share oilfield services and engineering stocks opened higher, with Keli Shares rising more than 14%, Tongyuan Petroleum gaining more than 5%, and Huibo Pu, Beiken Energy, Zhongman Petroleum, Potential Hengxin, and Offshore Oil Engineering also advancing. The U.S. Central Command said it successfully completed a strike operation against Iranian military targets on September 1.
SEC Will Not Wait for Clarity Act to Advance Crypto Rules, Nate Geraci Says
Binance News - ETF Store President Nate Geraci said the U.S. SEC has again indicated it will not wait for the Clarity Act to pass before moving ahead with crypto industry rulemaking. According to Odaily, Geraci said this amounts to the agency pushing Congress to act faster. Geraci also cited views that, as technology changes and market competition evolve, good governance requires a fresh review of existing rules and regulatory frameworks.
FCA Warns of Unclaimed Child Trust Funds Ahead of College Season
TheCurrencyAnalytics - Young adults across the UK are sitting on cash they don’t know about. The Financial Conduct Authority is pushing hard… Read the original on FCA Alerts 760,000 Young Adults to Unclaimed £2,000 Child Trust Funds Before College. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
US Strikes Two Iranian Tankers Under New “Tanker for Tanker” Policy
Binance News - According to Sina Finance, U.S. officials said the U.S. military struck two Iranian government-owned tankers in a round of attacks on Tuesday. It was the first U.S. strike against Iranian tankers, carried out in retaliation for Iran's attacks on merchant ships in the Strait of Hormuz rather than to stop tankers from violating a maritime blockade. A U.S. official said the action was part of a new “tanker for tanker” policy approved by U.S. President Donald Trump, aimed at further deterring Iran and stopping its attacks on tankers passing through the strait.
Strive's SATA funds nine straight days of Bitcoin buys as sector demand fades
Cryptopolitan - According to a September 1 post from BitcoinTreasuries.NET, Strive’s preferred stock has raised enough money to fund Bitcoin (BTC) purchases for nine days in a row, most recently buying 104 BTC on Tuesday. It is noteworthy that while corporate balance sheets have become essential for Bitcoin demand, the number of buyers has sharply decreased. Thus,...
AI | Cognition AI Set to Raise About $1 Billion at $47 Billion Valuation
Binance News - Artificial intelligence coding startup Cognition AI Inc. is set to close a new funding round that would lift its valuation to about $47 billion, according to Bloomberg. People familiar with the effort said the company is expected to raise around $1 billion.
STOCKS | Medlive Clears Share Pledge, Re-Pledges 96.137 Million Shares For RMB 300 Million Loan
Binance News - Medlive (02453) said a pledge over about 96.13 million domestic shares held by shareholder Shanghai Medical Star, previously made in favour of Zhongcheng to secure loan financing of up to RMB 500 million, was fully released yesterday, according to ETNet. On the same day, Shanghai Medical Star re-pledged about 96.137 million domestic shares, or 49.96% of the shares it directly holds, in favour of Zhongcheng Trust as security for loan financing of up to RMB 300 million provided by Zhongcheng to the group. The pledged shares represent about 12.27% of Medlive's total issued shares, and Zhongcheng is an independent third party.
STOCKS | Karrie International Plans HK$7.57 Million Share Placement
Binance News - Karrie International Holdings (01025) said it has signed a placement agreement to sell up to about 37.873 million new shares at HK$0.20 each, raising up to HK$7.57 million, according to ETNet. The placement price matches the stock's closing price on the previous day. The new shares will represent about 7.8% of the enlarged share capital and will be placed to no fewer than six independent placees. The company expects none of the placees will become a substantial shareholder, and it plans to use the net proceeds as general working capital.
STOCKS | I.T. International Announces Three Board Resignations
Binance News - I.T. International (00585) said Cai Jiaying, Koji Shimazaki and Chan Hak-kan have resigned from the board, effective yesterday, according to ETNet. Cai and Shimazaki stepped down as executive directors, while Chan resigned as an independent non-executive director and from the audit, nomination and remuneration committees. The company said all three resigned because they need to devote more time to other business commitments and confirmed there were no disagreements with the board or other matters that need to be brought to shareholders' attention.
CENTRAL CHINA NEW LIFE Chairman Hu Baosen Resigns, Effective Yesterday
Binance News - Central China New Life (09982) said Hu Baosen has resigned as chairman and non-executive director, effective yesterday, according to ETNet. The group said there is no immediate replacement, so it is currently unable to meet the requirements of Listing Rule 3.27A. Before a new chairman is appointed, executive director Wang Kai will chair board meetings. Hu has confirmed he has no disagreement with the board and that there are no other matters related to his resignation that need shareholders' or the Hong Kong Stock Exchange's attention.
STOCKS | Kingworld Medicines Says Simei No Longer Its Controlling Company
Binance News - Kingworld Medicines Group (02231) said it was informed that Chan Chi Chung (Adrian) and Kam Chung Hang (Forrest) of Ernst & Young Corporate Finance Services, together with Luke Almond of Ernst & Young Ltd., were appointed joint liquidators of Simei on May 26 by order of the High Court of the Eastern Caribbean Supreme Court in the British Virgin Islands, according to ETNet. The company said Simei held more than 50% of its shares on May 26 and was therefore its holding company, but as of yesterday Simei's stake had fallen below 50%, so it was no longer the holding company, although it remained a controlling shareholder.
STOCKS | Rept Battero's H-Share Full Circulation Filing Accepted By CSRC
Binance News - Rept Battero (00666) said the China Securities Regulatory Commission has accepted a filing application submitted on behalf of certain shareholders for a proposed H-share full circulation plan, according to ETNet. The company said the application covers the conversion of about 676 million domestic unlisted shares into H shares for listing on the Hong Kong Stock Exchange. The shares represent 48.21% of the group's domestic unlisted shares. Rept Battero added that the implementation details have not been finalised and the CSRC filing process has not yet been completed.
Tontine Wines Group Names Two Executive Directors, Falls Short Of Board Independence Rule
Binance News - Tontine Wines Group (00389) said Xu Gaosheng and Zeng Ronghao have been appointed executive directors, effective yesterday. The company said it has 11 directors in total, but only three are independent non-executive directors, leaving it unable to meet Listing Rule 3.10A, which requires independent non-executive directors to make up at least one-third of the board, according to ETNet. Xu was a senior investor relations analyst in Tencent Group's investor relations department from July 2019 to August this year, while Zeng was a product manager for packaging solutions at Flint Group.
Huqin Technology Completes A-Share Buyback Plan
Binance News - Huqin Technology (03296) said it has completed its A-share buyback plan as of Monday (31st), according to ETNet. The company said it spent about RMB 200 million to repurchase about 2.619 million A shares, representing 0.17% of its total share capital. The highest repurchase price was RMB 80 per share and the lowest was RMB 73.73 per share. Huqin Technology said the buyback was funded by its own cash. The repurchased shares are intended for equity incentives or an employee shareholding plan, and any shares not transferred within three years will be cancelled.
STOCKS | Gong Hailin Offers To Buy Up To 115 Million Fu Shou Yuan Shares At HK$0.10 Each
Binance News - Gong Hailin has made a conditional voluntary cash partial offer to acquire up to 115 million shares in Fu Shou Yuan (01448) at HK$0.10 each, a 96.2% discount to the stock's last suspended close of HK$2.64, according to ETNet. The offer covers 4.96% of Fu Shou Yuan's share capital, while the offeror currently holds no shares in the company. If the maximum number of shares is tendered, Gong would pay HK$11.5 million. Fu Shou Yuan has been suspended from trading since March 20.