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Bitcoin faces pressure as Fed rate-cut hopes cool, while AI funding surges to $344B in 2026.
China's Top 8 Polysilicon Producers Sign Anti-Volution Pledge After Pricing Guidance
Binance News - On August 6, eight major polysilicon producers in China signed an anti-involution pledge in Shanghai, a week after China's State Administration for Market Regulation issued price-compliance guidance to the solar sector, according to Jiemian News. The companies account for more than 90% of China's effective polysilicon capacity. The pledge calls for prices to stay no lower than full cost and for capacity that exceeds energy-consumption standards to be phased out. Jiemian News said some analysts estimate the move could remove more than 20% of capacity, after polysilicon prices had already fallen below 33,000 yuan per ton. The report also said multiple solar leaders responded cautiously to new U.S. tariff measures, with JinkoSolar saying it still needs to assess the ...
TrendForce Sees 2026 Cloud Capital Spending Rise 90% as AI Server Shipments Get Upgrade
Binance News - TrendForce said total capital spending by the world's nine major cloud service providers is expected to rise about 90% year over year in 2026. According to ChainCatcher, the firm said hyperscale CSPs and Tier-2 data centers have shown stronger demand for NVIDIA rack-scale AI servers, while Google and AWS are expected to ramp up their next-generation ASIC platforms in the second half of 2026, lifting expected annual AI server shipment growth from 28% to nearly 31%.
AI TRENDS | Global AI Funding Reaches $344 Billion in 2026, BofA Global Research Says
Binance News - BofA Global Research data show that global AI-related financing has reached $344 billion so far in 2026, compared with $136 billion for all of 2025. According to Odaily, $157 billion came from dollar-denominated hyperscale cloud providers, $62 billion from non-dollar cloud providers, $51 billion went to data center projects, $50 billion was linked to Nvidia and SpaceX, and $23 billion flowed into the chip sector.
Equinix Says ANA Upgrades Digital Infrastructure Via Equinix Fabric
Binance News - Equinix (NYSE: EQIX) said Japan's All Nippon Airways (ANA) has upgraded its digital infrastructure through Equinix Fabric to support next-generation passenger services, including ticket booking, boarding, customer communications and operations systems. According to Ming Pao, ANA said the setup can speed up application testing, improve business flexibility and help it achieve a 30% reduction in total cost of ownership over five years.
Asia Pacific Share Sales Set Record on AI-Related Deals
Binance News - Blockbuster share sales by artificial intelligence-related companies in Asia Pacific drove record equity capital markets activity last month, despite weakness in the region's stock markets, according to Bloomberg.
Bitcoin Falls as Fed Rate-Cut Hopes Cool
Binance News - Bitcoin fell during Asian trading hours. According to Sina Finance, Novaque Research analysts said cooling expectations for Federal Reserve rate cuts and ongoing concerns about U.S. inflation continued to weigh on demand for crypto assets. Bitcoin may face further selling pressure as more leveraged traders bet on long-term gains while new bitcoin supply enters the market, Novaque added. If prices fail to rise, those traders could be forced to de-risk, which may trigger another wave of selling. Bitcoin fell 0.2% to $64,253.50.
US Treasury Sold Euros to Back the Yen — and the ECB Found Out After the Fact
TheCurrencyAnalytics - The US Treasury sold euros last week to prop up the Japanese yen. Not dollars. Euros. And the European Central… Read the original on US Treasury Sold Euros to Back the Yen — and the ECB Found Out After the Fact. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
STOCKS | Traders Say Hedge Funds Buy USD/JPY Put Options Before U.S. Jobs Data
Binance News - According to Sina Finance, traders said hedge funds bought short-term USD/JPY put options before the release of U.S. employment data. The longest maturity was one week, and USD/JPY was steady around 158.44. Some of the information came from foreign-exchange traders familiar with the transactions, who asked to remain anonymous because they were not authorized to speak publicly.
Remixpoint Reports Bitcoin Lending and Staking Results Through July 31, 2026
Binance News - Japan-based bitcoin treasury company Remixpoint has released an update on its crypto operations. According to Foresight News, as of July 31, 2026, the company had about 1,501.27 BTC in bitcoin lending principal and earned about 12.44 BTC in borrowing fees from February through July. Remixpoint also reported about 901.45 ETH and about 13,920 SOL in staking, with total staking rewards of about 28.89 million yen.
Pacific Basin CEO Sees Industry Shift After Iran Conflict
Binance News - Pacific Basin Shipping Ltd. CEO Martin Fruergaard said the company is prepared for further business disruptions later this year and has a pipeline of 25 vessels, according to Bloomberg. He made the comments exclusively on "Bloomberg: The China Show."
BCA Research: Main Headwinds Pressuring Gold May Be Fading
Binance News - According to Jin10, BCA Research said the main factors suppressing gold's rise are fading, U.S. real interest rates may have already peaked, and the U.S. dollar could shift from a headwind for gold to a supportive force. The firm said gold's pullback may already be over.
Hong Kong Insurance Federation Responds to Rumor of 20% Tax on Mainland Offshore Policy Income
Binance News - According to Jin10, the Hong Kong Federation of Insurers (HKFI) said no official policy document or implementing rules have been issued so far in response to market rumors that mainland China would levy a 20% personal income tax on offshore policy income.
Meta Faces Pressure in India Over Modi Post Restriction
Binance News - According to CNBC, Meta Platforms is facing increased scrutiny from Indian regulators after briefly restricting a Facebook post by Prime Minister Narendra Modi and being targeted for child-abuse content concerns. A parliamentary panel on Wednesday demanded that Mark Zuckerberg apologize within three days over the Modi post, warning that it could recommend revoking Meta’s safe harbor immunity in India, which would make the company liable for user-generated content on its platforms. Meta said chief global affairs officer Joel Kaplan apologized to Information Technology Minister Ashwini Vaishnaw for the error restricting Modi’s post, while local media later reported that Zuckerberg himself apologized over child abuse content, deepfake material and platform ...
Oil ETF Ping An Jumps 0.46% as WTI and Brent Rally
Binance News - As of 10:58 a.m. on August 7, 2026, the Guozheng Oil and Gas Index rose 0.35%, while Oil ETF Ping An (159199) gained 0.46% and was close to a fourth straight advance, trading at 0.88 yuan. According to Jiemian News, the ETF tracks the Guozheng Oil and Gas Index, which reflects price moves in listed oil and gas companies on the Shanghai, Shenzhen and Beijing exchanges. The index’s top 10 holdings accounted for 71.98% of its weight as of July 31, 2026, led by PetroChina, JA Solar? No, wait, PetroChina, Jerry? No, sorry, it was PetroChina, Jieer? No.
Ethereum OG Whale Continues Buying LIT, Spending $9.1 Million in Two Months
Binance News - An Ethereum OG whale has continued accumulating LIT, according to onchain monitoring data. According to Foresight News, the whale spent $9.1 million over the past two months to buy 3.91 million LIT at an average price of $2.33 per token.
Whale Accumulates 3.91 Million LIT Over Two Months With $9.1 Million in Purchases
Binance News - A whale identified as 0x7378 has continued buying LIT over the past two months. According to BlockBeats On-chain Detection, the wallet spent a total of $9.1 million to purchase 3.91 million LIT at an average price of $2.33 per token. The buying activity was reported on August 7, based on Lookonchain monitoring.
BlackRock’s crypto ETFs shed $3.5 billion as last year’s creation boom turns into redemptions
CryptoSlate - IBIT and ETHA moved from a $13.91 billion Q2 increase to a $3.53 billion decrease, while three positive August sessions remain inconclusive. The post BlackRock’s crypto ETFs shed $3.5 billion as last year’s creation boom turns into redemptions appeared first on CryptoSlate.
AI Chipmakers Seen Benefiting From Beijing Tech Push
Binance News - Chinese AI chip designers expect bumper sales this earnings season as Beijing pushes local firms to use homegrown components and cut reliance on American technology, according to Bloomberg.
ether.fi Removes All Restaking Exposure From weETH, Converting It Into an LST
Binance News - ether.fi said it has removed all restaking exposure from weETH, making the token a pure liquid staking token (LST). According to Foresight News, all restaking functions have been moved to weETHs, a liquid restaking token supported by Symbiotic.
BIP-110 Mandatory Signaling to Begin in About 48 Hours
Binance News - Foresight News posted on X (formerly Twitter). BIP-110 supporter @dathon_ohm said mandatory signaling for BIP-110 will begin in about 290 blocks, or roughly 48 hours, at block height 961,632. Miners will be required to signal readiness for BIP-110, or their blocks will be considered invalid and discarded. The post also advised miners and users to upgrade to Bitcoin Knots nodes and warned against continuing to run Bitcoin Core, saying Core will become unsafe after mandatory signaling begins. Foresight News noted that BIP-110 is a Bitcoin improvement proposal designed to ...
Wintermute’s US license pulls a top global crypto liquidity provider onto Wall Street rails
Cryptopolitan - One of the leading liquidity providers in the crypto space just made it to the US securities markets legally. On August 6, Wintermute announced that its New York-based company, Wintermute USA LLC, had registered as a broker-dealer with the SEC and became a member of the Financial Industry Regulatory Authority (FINRA). According to Wintermute, the...
US Sold Euros to Save the Yen, Europe Found Out After
BeInCrypto - The US used euros, not dollars, to prop up the yen, catching the European Central Bank off guard. The post US Sold Euros to Save the Yen, Europe Found Out After appeared first on BeInCrypto.
AI TRENDS | xAI’s Grokipedia Has Stopped Processing Edit Requests Since April 24
Binance News - xAI’s AI-generated encyclopedia, Grokipedia, has stopped processing edit requests since April 24, according to Lawfare. According to PANews, the backlog has remained in a review state for more than three months, with the system no longer approving or rejecting changes. Lawfare reported that Grokipedia’s automated backend system gradually stopped submitting model-generated edits between March and mid-April, leaving all later requests to human users. Those requests entered a loop without any handling. User-submitted factual corrections accounted for 97% of all submissions, and the system previously approved or adopted 76.5% of them. ...
STOCKS | SC Crude Rises 5.16% to 536 Yuan Per Barrel
Binance News - According to Jin10, SC crude oil contract 2609 strengthened sharply intraday, with gains widening to 5.16% as the price climbed to 536 yuan per barrel, turnover surpassing 51 billion yuan, open interest rising by nearly 1,500 lots, and volume and open-interest activity increasing together. The main butadiene rubber contract rose 4.00% intraday to 13,300 yuan per ton.
Ondo Perps Reaches Nearly $7 Billion in Trading Volume in Its First Month
Binance News - Odaily reported that Ondo Perps has been publicly live for nearly a month and has recorded total trading volume of nearly $7 billion. According to Odaily, the platform reached that level within about one month of launch.
Bitget explores licensed crypto presence in Bhutan
CoinTelegraph - Crypto exchange Bitget has signed an agreement with Gelephu Mindfulness City Authority to pursue a regulated local presence.
XRP Holders Tap $280 Million Morpho Vault via FXRP to Borrow RLUSD
TheCurrencyAnalytics - XRP holders can now borrow RLUSD stablecoins on Ethereum. Sentora made it official on August 3, adding FXRP as collateral… Read the original on XRP Holders Tap $280 Million Morpho Vault via FXRP to Borrow RLUSD. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Polymarket White Sox Outcome Swings 47% In One Hour
Binance News - Polymarket's "Chicago White Sox vs. Boston Red Sox" submarket saw the "Chicago White Sox" option swing sharply, falling from 78.5% one hour ago to 31.5% at the time of monitoring. According to ChainCatcher, the move represented a 47% drop in probability, and users were advised to note the impact of related breaking news.
Nasdaq's 23-Hour Trading System Wins SEC Approval for December 6, 2026 Launch
Binance News - Nasdaq said its 23-hour trading system has received approval from the U.S. Securities and Exchange Commission and is scheduled to go live on December 6, 2026. According to ChainCatcher, the U.S. stock market will be closed for only one hour each day, from 8:00 PM to 9:00 PM U.S. Eastern Time, for system settlement and data processing, with trading open for the remaining 23 hours.
Senators Weigh Crypto Tax Deferral for U.S. President Donald Trump in Clarity Act Talks
Binance News - Bipartisan senators are discussing an ethics proposal for U.S. President Donald Trump that could include a provision allowing him to defer capital gains taxes on his crypto assets as part of efforts to advance the Clarity Act, Bloomberg reported. According to ChainCatcher, the proposal also calls for the president to divest crypto-related business interests, and the terms are still being negotiated between the White House and lawmakers. In June 2025, Trump reported more than $1.4 billion in income from his family crypto businesses, underscoring that much of his earnings have come from digital assets that benefit from his own policies. Democrats are seeking stronger ethics ...
Taiwan Pension Fund to Expand Stock Exposure via Outside Managers
Binance News - Taiwan’s $49 billion public-sector pension fund plans to allocate more assets to third-party managers to increase its exposure to global stock markets, according to Bloomberg.
AI TRENDS | Firmus Raises $2 Billion in Strategic Equity Funding
Binance News - Australian AI infrastructure company Firmus said it has completed a $2 billion strategic equity financing round. According to Odaily, the investors include Nvidia, Coatue, funds managed by Blackstone, other Blackstone investment vehicles, and global trading and technology firm Jane Street. Firmus said the financing will be used to accelerate the rollout of its Southgate AI Factory project in Australia and prepare for future expansion into other Asia-Pacific markets.
Steak n Shake Says Bitcoin Savings Will Fund Product Quality Upgrades
Binance News - U.S. fast-food chain Steak n Shake said funds saved from Bitcoin payments will be used to improve product quality, including 100% grass-fed beef, beef tallow fries, and real butter. According to Foresight News, the company said its next step is to improve its buns and cheese.
STOCKS | China Solar Shares Whipsawed by Domestic Policy Moves, US Tariff Threats
Binance News - Chinese solar stocks were volatile this week as domestic efforts to end below-cost sales collided with renewed US tariff threats, according to Bloomberg.
US Senate pushes CLARITY Act vote to September
CoinTelegraph - Senate Majority Leader John Thune confirmed that the chamber was “punting” the vote until September.
SK Hynix Expands Investment in South Korea's Corporate Bond Market
Binance News - AI-driven fundraising has led global technology giants to issue bonds, and SK Hynix is expanding its investment in South Korean corporate bonds as its cash holdings rise. According to Odaily, credit analysts and market participants estimate that the chipmaker bought about 10 trillion won to 40 trillion won in bonds this year, with the higher estimate including commercial paper. SK Hynix also recently posted a new job focused on managing, developing strategies for, and hedging company funds, including fixed-income investments in government bonds, corporate bonds, and short-term debt instruments. The company’s cash and cash equivalents reached 88 trillion won at the end of the ...
Global Funds Return to India IT Stocks After Months of Selling
Binance News - Global funds have piled back into India IT stocks after selling for months, according to Bloomberg. Smaller IT firms fared better than their larger counterparts during the June quarter.
China’s July Trade Balance Widens to $112.5 Billion
Binance News - According to Jin10, China’s trade balance in July, calculated in U.S. dollars, was $112.5 billion, above the expected $107 billion and down from the previous $125.62 billion.
China's July Imports in U.S. Dollars Rise 27.5% Year on Year
Binance News - According to Jin10, China's July imports in U.S. dollar terms rose 27.5% year on year, below the expected 27.70% and the previous 36.00%.
AI TRENDS | Alibaba Plans Revenue-Sharing Terms for Next Qwen Open-Source Model
Binance News - Alibaba plans to require revenue-sharing terms in the licensing agreement for its next-generation Qwen open-source AI model, according to people familiar with the matter. According to Odaily, the company wants large commercial users to share revenue generated by the model. The report said Alibaba's plan is similar to Moonshot's approach for Kimi K3. Under the Kimi K3 licensing agreement, users that offer the model as a service and generate annual revenue of more than $20 million must reach a commercial cooperation agreement with Moonshot, with the revenue-sharing ratio reaching up to 30%.
Walnut Capital Expects First-Half Loss to Rise 63% to 68%
Binance News - Hong Kong-listed Walnut Capital issued a profit warning and said it expects the loss attributable to owners for the six months ending June 30, 2026, to increase by about 63% to 68% from a year earlier, or about HK$26.7 million. According to Foresight News, the wider loss was mainly due to higher losses on cryptocurrency sales, lower cryptocurrency interest income recorded at fair value through profit or loss, and larger losses from changes in the fair value of financial assets. The company said the impact was partly offset by lower administrative and other operating expenses. It expects to release its interim results announcement ...
Toyota Recalls About 508,000 Camry Vehicles in the U.S.
Binance News - Toyota announced on August 6 local time that it is recalling about 508,000 2025-2026 Camry vehicles in the United States because the car's 7-inch combination meter may go black at startup, which could disable the turn signals, hazard lights and some warning sounds, according to Jiemian News.
Dubai Duty Free Brings Crypto.com Pay to Airport Retail in UAE
Bitcoin.com - Dubai Duty Free has introduced Crypto.com Pay as a regulated digital payment option for eligible UAE residents, allowing customers to use their Crypto.com accounts at airport stores and online. The rollout integrates crypto-enabled payments into global travel retail. Dubai Duty Free Adds Crypto Payments to Airport Retail The airport retailer unveiled Crypto.com Pay on Aug. […]
AI TRENDS | Qwen App Update Adds Five New Features
Binance News - According to Jin10, the Qwen app and PC version have added five new features: research, scheduled tasks, office assistant, agent marketplace, and voice calls, while also supporting Alibaba's latest flagship model, Qwen3.8-MAX. All users can use the new features for free, and the office assistant will also offer paid access to more usage quota for professional users.
Lumilens Raises Over $700 Million in Series C Financing at $5.51 Billion Valuation
Binance News - Lumilens said it has completed a Series C financing round of more than $700 million, valuing the optical networking startup at $5.51 billion. According to Odaily, Atreides Management, Bain Capital Ventures, and Meritech co-led the round, and the company's total funding has exceeded $900 million. Lumilens provides optical communication and networking products used to increase data transmission speeds and reduce energy consumption in AI data centers. The company said it has begun supplying an unnamed hyperscale cloud computing company under a multibillion-dollar customer agreement.
PRECIOUS METALS | Spot Silver Gains 1.00% to $62.14 an Ounce
Binance News - According to Jin10, spot silver rose 1.00% intraday to $62.14 per ounce.
GEOPOLITICS | FAA Orders Crack Checks on 471 Boeing 737 Max Jets
Binance News - The U.S. Federal Aviation Administration asked operators of 471 Boeing Co. 737 Max jets to inspect a component for cracks that could affect the aircraft's structural integrity, according to Bloomberg. The request covers 471 jets.
Metalpha Reports 2026 Fiscal-Year Results, Total Assets Nearly Double to $485.6 Million
Binance News - Metalpha reported its fiscal 2026 results for the year ended March 31, saying total assets nearly doubled to $485.6 million. The company also reported revenue of $37.1 million and said it remained profitable. According to Foresight News, Chief Executive Officer Adrian Wang said market volatility did not prevent the company from lowering client risk and improving returns through its hedging strategy and diversified products. He added that Metalpha will continue investing in talent and compliance systems to create long-term value.
STOCKS | Hong Kong AI Model Stocks Rise, MiniMax-W Gains More Than 9%
Binance News - Hong Kong AI model-related stocks rose, with MINIMAX-W up more than 9% and Zhipu up more than 6%. According to Odaily, market data showed the move in Hong Kong shares.
NTSB Investigates Marine One Near-Miss In Washington, D.C.
Binance News - According to Axios, federal aviation officials are investigating a reported loss of separation incident involving President Trump's Marine One helicopter and a commercial airliner near Ronald Reagan Washington National Airport in Washington, D.C. The National Transportation Safety Board said in a statement to Axios that it is investigating the event, and the Federal Aviation Administration said it is reviewing the incident. The FAA said there was a momentary loss of separation, that the aircraft then moved away from each other, and that the president was never in danger. A White House spokesperson said the administration is working with military, FAA and other security personnel to ensure Trump's continued safety. The FAA has permanent restrictions and a ban on ...
STOCKS | Hong Kong PCB Concept Shares Mostly Rise
Binance News - According to Jin10, most Hong Kong-listed PCB concept shares rose, with Kingboard Laminates Holdings (01888.HK), Victory Giant Technology (02476.HK), and Suzhou Aoyang Technology (09630.HK) all gaining more than 4%, Guanghe Technology (01989.HK) rising more than 2%, and Dingtai High-tech (01377.HK) climbing more than 1%.
Jamie Dimon Says AI Infrastructure Investment May Lift U.S. GDP by 1 Point This Year
Binance News - JPMorgan CEO Jamie Dimon said markets may be underestimating the effect of AI infrastructure investment on the U.S. economy. According to Odaily, he said the current AI buildout is not only a technology sector expansion but a broader investment cycle affecting manufacturing, energy, engineering, and employment. Dimon said AI-related investment could add about 1 percentage point to U.S. GDP this year and may contribute a similar amount next year. U.S. private data center construction spending reached an annualized $68.3 billion in June, up 45.8% year over year. ...
STOCKS | Hong Kong Commercial Space Stocks Rise in Early Trading
Binance News - According to Jin10, Hong Kong commercial space stocks were active at the open, with Lens Technology (06613.HK) rising nearly 4%, Goldwind Science & Technology (02208.HK) rising more than 2%, and Top Robotics & Technology (07688.HK) rising nearly 2%.
Cloudflare Reports Second-Quarter Revenue Growth, Raises Full-Year Guidance
Binance News - Cloudflare reported second-quarter 2026 revenue of $696.1 million, up 36% from a year earlier. It posted a GAAP operating loss of $205.7 million and non-GAAP operating income of $96.1 million, with non-GAAP net income of $107.8 million and diluted earnings per share of $0.29. According to ChainCatcher, operating cash flow was $117.6 million and free cash flow was $56.4 million, while cash and marketable securities totaled $4.163 billion at the end of the period. cRPO rose 35% year over year. Cloudflare said it expects third-quarter revenue of $736 million to $737 million ...
STOCKS | Singapore ONE Pass Holders More Than Double Since 2023 Launch
Binance News - According to Singapore's Acting Minister for Manpower, Jasmin Lau said in a written parliamentary reply on Wednesday that the number of ONE Pass holders rose from 3,600 to 8,500 over two years. Under Singapore's Ministry of Manpower rules, applicants must have earned at least 30,000 Singapore dollars in fixed monthly salary over the past year, or be set to earn at least that amount after being employed by a Singapore employer. Lau said about 70% of current pass holders work in financial and insurance services, information and communication, and professional services. The work visa is part of Singapore's efforts to attract and retain foreign talent. Hong Kong and other financial centers are also competing for international talent, and the Monetary Authority of Singapore ...
STOCKS | Bernstein Strategists Say Asia Momentum Unwind May Not Be Over
Binance News - Bernstein quantitative strategists said the unwinding of Asia's previously popular momentum trades may not be over, even after a sharp pullback. According to Sina Finance, Rupal Agarwal and Cheng Zhang wrote in a report that investors should selectively hold momentum stocks, focus on high-quality companies and stocks with improving earnings momentum, and add low-volatility, high-dividend, and value assets. They also recommended reducing concentrated exposure to technology and artificial intelligence stocks and moving toward a more balanced portfolio. The strategists said a barbell strategy is the safest approach in the current ...
Brent Climbs 3.8% to $82.49 as Iran Tensions Escalate
Binance News - According to CNBC, Brent futures climbed 3.8% to close at $82.49 a barrel on Thursday and U.S. West Texas Intermediate gained about 2.8% to settle at $77.29 after Iran reportedly outlined a plan for ships transiting the Strait of Hormuz that would bar U.S. and Israeli vessels. A U.S. official said any temporary routes would have no impediments, including no approvals, permissions, tolls or charges. Copper also rose to a record high of around $6.90 a pound on Thursday, while SpaceX shares rose after the first tranche of its locked-up stock became available for trading. SoftBank shares fell nearly 5% in early trade Friday even after the company posted a profit beat, helped by gains from its Intel stake and a higher valuation for ByteDance.
6 Institutions Hold 4.22% of Jafron Biomedical A Shares as of August 6
Binance News - Jafron Biomedical Co. Ltd. (300529.SZ) said in the first-half 2026 report released on August 7 that six institutional investors had disclosed holdings in the company's A-shares as of August 6, with combined holdings of 33.7158 million shares, or 4.22% of total share capital, according to Jiemian News. The shareholding ratio was down 0.26 percentage point from the previous quarter. Among the institutional investors, the newly disclosed public funds versus the previous quarter were China Merchants Anqi Bond A and Tianhong CSI Biomedicine ETF Initiated Link A, while Shenwan Lingxin ChiNext Quantitative Selected A was no longer disclosed. Hong Kong Securities Clearing Company Ltd. was the only ...
Hong Kong Stocks Open Mixed; Nissen Technology Jumps 62% on Debut
Binance News - According to Jin10, Hong Kong stocks opened mixed, with the Hang Seng Index down 0.01% and the Hang Seng Tech Index up 0.26%, while Nissen Technology (02261.HK) rose 62% on its first trading day.
South Korea Ministries Sign Pact to Promote Battery Recycling Industry
Binance News - According to Yonhap, South Korea's Ministry of Trade, Industry and Resources and the Ministry of Climate, Energy and Environment signed an agreement Friday to cooperate on promoting the battery recycling industry. Under the pact, the ministries will jointly build a platform to manage battery trade and history, connect certification systems for recycled materials, improve related regulations and carry out joint research and development projects. They will also set up a working-level consultative body to move the policies forward quickly and effectively. The government said establishing a sustainable battery life cycle is essential to developing the battery industry as a key future growth sector. Lithium-ion batteries used in smartphones, electric vehicles and ...
Fujifilm Shares Sink Most on Record After First-Quarter Miss
Binance News - Fujifilm Holdings Corp. shares tumbled by the most on record after the Japanese medical equipment maker reported first-quarter results that missed expectations, according to Bloomberg.
US Senate Won't Vote on Crypto Clarity Act Before Summer Break
Binance News - The US Senate will not vote on the crypto market structure bill before it breaks for the rest of the month, though industry leaders still hope for a vote in September when lawmakers return to Washington, CoinDesk reported, citing multiple people following the legislation. The industry had hoped the Senate would stay in session a few more days to resolve outstanding issues on the Digital Asset Market Clarity Act, but senators from both parties had major unresolved concerns. The chamber returns Sept. 14 and will have three weeks to work on the bill. Senate Majority Leader John Thune confirmed there would be no Clarity vote in August but said one would come next month, blaming Democratic insistence and pledging to queue it up first thing on return. ...
U.S. President Donald Trump Says War Between the U.S. and Iran Will End Soon
Binance News - U.S. President Donald Trump said he believes the war between the United States and Iran will end soon and said Iran cannot continue for much longer. According to Odaily, he also said some U.S. military ammunition stocks are under pressure, while certain high-performance weapons have an almost unlimited supply and some other weapons are in relatively limited supply. Trump said U.S. defense companies are expanding production capacity, including building new Patriot and Tomahawk missile production facilities. He added that Reuters previously reported the U.S. Army has used up much of its stock of precision long-range missiles during the five-month U.S.-Iran conflict.
Japan GPIF to Release April-June Performance as Government Considers More Investment Flexibility
Binance News - Japan's Government Pension Investment Fund (GPIF) will release its April-June quarterly investment performance on Friday, while the Japanese government is debating whether the world's largest pension fund should reconsider its investment strategy. According to Sina Finance, the fund likely delivered solid returns as domestic and overseas stocks rose for much of the quarter. A strong result would underscore the resilience of GPIF's portfolio, which is currently split evenly across domestic bonds, foreign bonds, domestic stocks and foreign stocks. The fund completed its latest five-year review only a year ago, and a good performance could make it harder to justify a major overhaul of its ...
AFTERMARKET MOVES | Twilio Jumps 16% on Upbeat Guidance; Trade Desk Sinks 22% After Miss
Binance News - According to CNBC, several stocks moved sharply in after-hours trading following quarterly results. Twilio surged about 16% after issuing upbeat projections for the current quarter, guiding to adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion, above the LSEG consensus of $1.39 and $1.46 billion; the company also raised its full-year revenue growth forecast to a range of 18% to 18.5% from 14% to 15%. Cloudflare climbed 17% on solid full-year and current-quarter guidance, expecting adjusted earnings of 34 cents per share on revenue of $736 million to $737 million in the third quarter, versus the LSEG consensus of 32 cents and $722 million. Akamai Technologies rose 12% after posting second-quarter earnings of $1.59 per share, excluding items, ...
U.S. Retail Investors Record Longest Net Stock Selling Streak of the Year, With Tech Shares Hit Hardest
Binance News - Cryptocurrency KOL Phyrex said on X that U.S. retail trading has shown a clear shift recently. According to Odaily, retail investors net sold stocks for four straight trading days last week, marking the longest selling streak this year, with technology shares facing the heaviest pressure and about $7 billion in net selling for the week. Two of the three biggest single-day retail selloffs in technology stocks on record occurred last week. Selling was concentrated in the semiconductor and memory-chip sectors, which had been among the areas that retail investors bought heavily in May and June. ...
Former OpenAI Engineer Justin Wang Joins Paradigm as Research Partner
Binance News - Former OpenAI research engineer Justin Wang has joined crypto venture firm Paradigm as a research partner. According to ChainCatcher, he will work with the team under the leadership of Matt Huang and Alana Palmedo on ongoing research. Wang previously worked on OpenAI's EVMbench project and had used Paradigm's open-source tools. He said his near-term focus will include AI model measurement and evaluation, recursive self-improvement, effective AI policy, and network and crypto capabilities.
Bitcoin Miners MARA and Riot Platforms Deposit BTC at NYDIG
Binance News - Lookonchain monitoring shows that Bitcoin mining companies are selling BTC. According to Odaily, MARA holds 36,300 BTC and deposited 200 BTC with NYDIG 10 hours ago, while Riot Platforms deposited another 381 BTC with NYDIG 10 hours ago.
Bitcoin Miners Sell BTC as MARA and Riot Platforms Deposit Coins to NYDIG
Binance News - Bitcoin miners are selling BTC, with MARA and Riot Platforms both making deposits to NYDIG. According to Foresight News, Lookonchain monitoring showed that MARA, which holds 36,303 BTC, deposited 200 BTC to NYDIG 10 hours ago, while Riot Platforms deposited 381 BTC to NYDIG at the same time.
Anwar Ibrahim’s Daughter Seeks Leave From Party Deputy Presidency
Binance News - Malaysian Prime Minister Anwar Ibrahim’s daughter has sought to step down as deputy president of his party after her election more than a year ago fueled nepotism accusations and exposed divisions within the ruling coalition, according to Bloomberg.
STOCKS | BlossomHill Therapeutics Raises $150 Million in Upsized IPO
Binance News - BlossomHill Therapeutics Inc. raised $150 million in an upsized US initial public offering that priced at the midpoint of its marketed range, according to Bloomberg. The oncology-focused biotech firm is backed by Janus Henderson.
Latigo Biotherapeutics Raises $345.6 Million in Upsized IPO
Binance News - Latigo Biotherapeutics Inc. raised $345.6 million in an upsized initial public offering priced at the top of its marketed range, according to Bloomberg. The clinical-stage developer focuses on non-opioid pain medicines.
STOCKS | Shenzhen Stock Exchange Adds Ingenic Semiconductor to Hong Kong Stock Connect List
Binance News - According to Jin10, the Shenzhen Stock Exchange said Ingenic Semiconductor was added to the list of eligible securities for Southbound Stock Connect, effective August 7.
HKEX Stock Connect Data Show Jingwei Tiandi Added Most, ICBC Cut Most
Binance News - HKEX disclosure data on Shanghai and Shenzhen Stock Connect holdings showed that on the previous trading day, with a holding date of August 6, 2026, Jingwei Tiandi (2477) recorded the largest increase in holdings, up 73.405 million shares, while Industrial and Commercial Bank of China (1398) saw the largest reduction, down 55.807 million shares, according to Ming Pao.
Lotte Shopping Swings To Second-Quarter Profit On Strong Department Store Sales
Binance News - According to Yonhap, Lotte Shopping Co. swung to a net profit in the second quarter as strong department store sales, boosted by higher spending from foreign travelers, lifted results. The South Korean retailer said net income reached 14.6 billion won ($10.3 million) in the April-June period, reversing a net loss of 10.3 billion won a year earlier, while operating profit jumped 121.2% on-year to 89.9 billion won and revenue rose 4% to 3.48 trillion won. Department store sales climbed 9.2% on-year to 891.2 billion won, with operating profit up 84% to 119.7 billion won. Overseas operations also improved, with sales from foreign department stores rising 20.6% to 35.6 billion won and ...
STOCKS | Nikkei 225 Falls 0.7% as Chip-Related Shares Weigh
Binance News - Japanese stocks opened lower as uncertainty over the Middle East conflict and energy costs persisted. According to Sina Finance, chip-related shares led the decline, with Lasertec down 9.8%, SoftBank Group down 6.1%, and Screen Holdings down 4.2%. The dollar traded at 158.49 yen, compared with 157.81 yen at the close of Tokyo trading on Thursday. Investors are watching corporate earnings, and Bridgestone is scheduled to report quarterly results later on Friday. The Nikkei index fell 0.7% to 65,210.13 points.
One Day Left as Senate Faces Final Push for CLARITY Act Crypto Vote
Bitcoin.com - The Senate faces a one-day window to advance the CLARITY Act before lawmakers leave Washington for recess. Supporters are seeking 60 votes for a procedural step as the legislation moves through a critical stage. Stand With Crypto Calls for Last-Day Senate Action The future of U.S. digital asset regulation faces a key Senate deadline as […]
St. Louis Fed's Alberto G. Musalem Sees No Conditions Challenging Dollar's Reserve Status
Binance News - St. Louis Fed President Alberto G. Musalem said he does not see conditions that could undermine the U.S. dollar's status as the main reserve currency. According to ChainCatcher, Musalem made the remarks on the dollar's role in the global financial system.
Fed Accepts $1.429 Billion From Six Counterparties In Reverse Repo Operation
Binance News - The Federal Reserve accepted a total of $1.429 billion from six counterparties in its fixed-rate reverse repurchase operation. According to ChainCatcher, the operation involved six counterparties.
HSBC Sells Tokyo Headquarters Building, Plans Move to New Mixed-Use Office Tower
Binance News - HSBC Holdings has sold its Tokyo headquarters building and is preparing to move into a new tower under construction in Japan's capital. According to Sina Finance, registration records show that a division of Mitsubishi HC Capital bought the HSBC Building in Tokyo's Nihonbashi district in March. People familiar with the matter said HSBC currently rents part of the building and will later move to a mixed-use office tower near Tokyo Station, which is scheduled for completion in 2029.
Yen Gives Back Nearly Half Its Intervention-Driven Advance
Binance News - The yen is heading into the end of the week after giving back nearly half of the gains it made from intervention, with traders speculating that authorities may step into the market again, according to Bloomberg.
Ondo Finance Founder's Mother Seeks Control of Company and Removal of CEO
Binance News - Kathleen Allman, the mother of the late Ondo Finance founder Nathan Allman, is seeking control of the company and the removal of Ian De Bode as chief executive officer and president, according to a verified complaint filed in Delaware Chancery Court. According to PANews, the complaint says De Bode assumed the CEO role without board approval days after Nathan Allman's death and attempted to make himself the company's sole director. Kathleen Allman also argues that, as the personal representative of Nathan Allman's estate, she holds the controlling voting rights in the company and has the authority to reorganize the board.
BlackRock TCP Capital Sells $523 Million Loan Portfolio to Cut Leverage
Binance News - BlackRock TCP Capital plans to sell a $523 million private credit portfolio to strengthen its balance sheet, reduce leverage, and regain operating flexibility. According to Sina Finance, the company said the deal will transfer 95% of the equity interests in a continuation vehicle holding investments across 78 portfolio companies. The transaction will reduce leverage from 1.38 times to an expected 0.4 times and is expected to increase liquidity, but it also comes at a cost: BlackRock TCP Capital said its net asset value will fall by about 10.4%, or $0.68 per share, based on a June 30 net asset value of $6.58 per share. ...
KOSPI Opens 1.09% Higher as Tech Stocks Rebound
Binance News - According to Yonhap, South Korea's benchmark Korea Composite Stock Price Index (KOSPI) opened 68.69 points, or 1.09 percent, higher at 6,365.07 on Friday, led by gains in technology shares despite renewed geopolitical tensions in the Middle East. The index had plunged 4.58 percent in the previous session, mainly on losses in technology stocks. Overnight, U.S. shares were mixed, with the Dow Jones Industrial Average up 0.85 percent and the tech-heavy Nasdaq Composite adding 0.06 percent amid uncertainty over a possible agreement between the United States and Iran to reopen the Strait of Hormuz. Iran reportedly plans to bar U.S. and Israeli ships from the strategic waterway and demand compensation from countries it deems hostile before allowing passage.
CITIC Securities: Hong Kong Insurance Faces Short-Term Headwinds, Long-Term Demand Trend Unchanged
Binance News - According to Jin10, CITIC Securities said stricter tax compliance requirements for Hong Kong insurance policies may disrupt demand for policies purchased in Hong Kong in the short term, but the direct financial impact on banks is limited. In the medium to long term, it said Hong Kong insurance still has differentiated advantages in returns, foreign-currency asset allocation, and overseas living protection, while cross-border wealth allocation demand remains resilient. It added that the current market adjustment mainly reflects short-term sentiment and policy expectations and has not changed the long-term operating logic of Hong Kong financial companies.
STOCKS | Japan and South Korea Shares Open Higher on August 7
Binance News - According to Jin10, Japan's Nikkei 225 opened up 194.71 points, or 0.30%, at 65,877.97 on August 7, while South Korea's KOSPI opened up 62.22 points, or 0.99%, at 6,358.6. SK Hynix rose 1%, and Samsung Electronics gained 2%.
Lee Jae Myung To Review Housing Supply Plans As Seoul Prices Stay High
Binance News - According to Yonhap, President Lee Jae Myung was set to hold a closed-door meeting Friday at 2 p.m. to discuss housing supply plans as the government works to cool overheated real estate prices. Government ministries are expected to present proposals after Lee earlier this week ordered officials to secure a rapid housing supply, and the administration is expected to unveil major supply measures in the near future. Housing prices in Seoul and nearby areas remain exceptionally high, while the government on Monday announced tax revisions aimed at increasing the burden on owners of high-value homes. During a related meeting Monday, Lee told officials to secure as much housing supply as possible and to prepare for the prompt rollout of supply measures, including administrative ...
Thailand Grants Five-Year Capital Gains Tax Exemption on Crypto Trading
Binance News - Thailand will exempt cryptocurrency trading from capital gains tax for five years, from January 1, 2025 to December 31, 2029. According to Odaily, the policy applies only to transactions conducted through exchanges, brokers, or dealers licensed by the Thai SEC. The Thai Finance Ministry said the measure is expected to generate about $1 billion in annual tax revenue. Mining and staking income will remain taxable.
RBA Survey: Rates Seen on Hold Through Year-End
Binance News - According to a Reuters survey, the Reserve Bank of Australia is expected to keep its policy rate unchanged next Tuesday and remain on hold for the rest of 2026 as it assesses the impact of earlier rate hikes on the economy. Since February, the central bank has raised the cash rate by a cumulative 75 basis points to 4.35%, fully reversing last year’s easing policy. Inflation has eased as higher borrowing costs curb economic activity and oil prices fell sharply in June. Annual inflation was 4.0% in the previous quarter, still well above the RBA’s 2% to 3% target band, while core inflation rose to 3.6% but remained below the central bank’s and economists’ expectations. In a survey of 37 economists conducted from July 31 to August 5, all respondents expected the RBA ...
STOCKS | New Mexico Judge Orders Meta to Pay $567 Million
Binance News - A New Mexico court ordered Meta to pay $567 million into a special relief fund to address damage to teenage mental health. According to Sina Finance, the ruling was issued on Thursday by Chief District Judge Bryan Biedscheid. In his opinion, the judge wrote that although Meta was not the only company with this problem, substantial evidence showed its social media platforms were an important factor in New Mexico teenagers' current mental health crisis. He said Meta intentionally designed its platforms to maximize user engagement, that some of those features could harm teenagers, and that it did not fully disclose the associated risks to users. The relief fund is an additional penalty on top of ...
Gold Holds Steady as Hormuz Tensions Cloud Fed Rate Outlook
Binance News - Gold traded in a narrow range as traders weighed the impact of a reported Iranian attack in the Strait of Hormuz on the Federal Reserve’s path for interest rates, according to Bloomberg.
South Korean Parents Open More Investment Accounts for Children Amid AI Rally
Binance News - According to CNBC, South Korean parents are opening investment accounts for children at a faster pace, with Mirae Asset Securities saying accounts for kids under 1 nearly tripled from a year earlier to about 15,000 in June and openings for those under 9 rising nearly 60% to around 185,000, excluding duplicate accounts. The brokerage said the surge has been driven by Korea's AI-powered market rally and a growing push for generational wealth planning, while some investors are also looking abroad because of domestic stock-market volatility. A nurse named Lee Hye-won said she and her spouse chose long-term investing over savings or deposit accounts, opening accounts for their first child at age 4 and ...
S&P 500 Futures Little Changed as Traders Await July Jobs Report
Binance News - According to CNBC, S&P 500 futures were little changed Thursday night as investors waited for the July jobs report, with Dow Jones Industrial Average futures down 17 points and Nasdaq 100 futures up 0.3%. In after-hours trading, Airbnb climbed 9% after posting second-quarter earnings and revenue that topped estimates, while Cloudflare jumped 16% after issuing stronger-than-expected full-year and current-quarter guidance. Wall Street had ended the prior session lower, with the Dow falling more than 460 points, or 0.9%, the S&P 500 down 0.2% and the Nasdaq Composite off 0.1%. The iShares Semiconductor ETF (SOXX) was up more than 5% for the week, and July nonfarm payrolls were expected to rise by 83,000, with the unemployment rate seen at 4.2%.
Tom Lee Sees S&P 500 at 8,000, Names Ethereum the Next Rally Leader
BeInCrypto - Fundstrat's Tom Lee targets S&P 500 at 8,000 in August and names Ethereum as one of three leaders of the next leg higher. The post Tom Lee Sees S&P 500 at 8,000, Names Ethereum the Next Rally Leader appeared first on BeInCrypto.
U.S. President Donald Trump Says Strait of Hormuz Situation Is Going Well
Binance News - U.S. President Donald Trump said things were "going well" when asked about the latest situation in the Strait of Hormuz. According to Sina Finance, Trump made the remarks to reporters at a White House event.
Japan's June Household Spending Falls 6.4% MoM, Missing Forecasts
Binance News - According to Jin10, Japan's June household spending fell 6.4% month on month, compared with expectations for a 3.1% decline and a previous reading of 3.7% growth.
Japan’s June Household Spending Falls 3.3% Year on Year, Missing Forecasts
Binance News - According to Jin10, Japan’s June household spending fell 3.3% year on year, compared with the expected 1.0% increase and a previous decline of 0.4%.
Brian Armstrong Urges Senate Vote on CLARITY Bill After Year of Negotiations
Binance News - Brian Armstrong said the Senate received CLARITY a year ago and that lawmakers have since negotiated hundreds of pages of changes, agreed on SEC and CFTC nominations, and obtained unprecedented ethics commitments. According to Odaily, he said the crypto and banking industries also made compromises and urged a vote on the bill, saying the remaining issue is whether some groups will try to delay or block legislation with broad bipartisan support. Armstrong added that millions of Americans hold crypto and are watching.
Trump Says Talks on Reopening the Strait of Hormuz Are Progressing
Binance News - U.S. President Donald Trump said on August 6 that a deal to reopen the Strait of Hormuz cannot yet be described as formally reached, but that the waterway is already open to some extent and that the U.S. is taking part in related talks, according to Jiemian News. Trump said the U.S. Navy is carrying out a blockade operation against Iran and controlling the relevant waters, while mines and other security risks could still affect commercial shipping. A spokesman for the Iranian parliament's presidium committee, Abbas Goudarzi, said the same day that after more than a month of talks, Iran and Oman are close to finalizing a new shipping arrangement for the Strait of Hormuz. Goudarzi said ...
Alberto G. Musalem: The Fed Should Have Raised Rates at Its Last Meeting
Binance News - According to Sina Finance, Saint Louis Fed President Alberto G. Musalem joined other central bank officials on Thursday in saying the Federal Reserve should have raised its interest-rate target last week. Musalem said the federal funds rate is the main tool used to implement monetary policy and that he had favored raising it by 25 basis points at the meeting. He said the main reason to support higher short-term borrowing costs is that, if monetary policy stays at its current level, inflation over the next year or so could remain above the 2% target. Musalem also said he favored raising rates now because taking gradual increases early is preferable, as the shocks and costs ...