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Crypto payments surge in August; XRP ETF hits $500M; Wall Street braces for weak September.
Crypto Payment Cards Had Their Best Month in August Across Volume, Transactions and Users
Cryptopolitan - Stablecoin payment cards closed their best month in August, with volume, transactions and users all reaching new monthly highs. Crypto card spending hit $1.076 billion in August, making it the second consecutive month where volume has surpassed the $1 billion mark. Data from paymentscan.xyz also shows that transactions reached around 10.67 million, while addresses grew...
Largest XRP ETF Crosses $500 Million in Assets Just 9 Months After Launch
CryptoPotato - Despite XRP’s price volatility, investor demand for US spot XRP ETFs has remained strong, attracting over $1.66 billion in cumulative inflows.
Wall Street Faces Historically Weak September After Record-Setting August for S&P 500
BeInCrypto - US stocks and cryptocurrencies begin September facing their weakest month on record. The S&P 500 closed August with gains of more than 2% and set record highs along the way. Bitcoin (BTC) and Ethereum (ETH) also finished the month strongly, gaining 24.95% and 32.5%. Historical data now points to a tougher stretch for both markets. The post Wall Street Faces Historically Weak September After Record-Setting August for S&P 500 appeared first on BeInCrypto.
A Big Tech Company Buried 2,700 Early GUI PCs in 1989 and Shaped Today’s Desktop
Bitcoin.com - In September 1989, a Big Tech company sent 2,700 unsold GUI-era PCs to a landfill in Utah, with guards on site to stop anyone from salvaging them. The machine, introduced in 1983 and priced around $5,000 to $10,000, flopped commercially, and the mass disposal helped turn the surviving units into six-figure collectibles. On a stretch […]
SEC presses investment firms to prove they actually own the hot startup shares they sell
Cryptopolitan - According to a report by the Wall Street Journal (WSJ) on Monday, the US Securities and Exchange Commission (SEC) wants investment companies to provide proof that their products actually contain the private stock they claim to offer. In a private market dominated by popular AI companies like OpenAI and Anthropic—and where some forms of investment...
Thailand SEC proposes retail access to regulated overseas crypto derivatives
CoinTelegraph - Thailand’s SEC seeks comments on rules requiring retail-accessible overseas crypto derivatives to trade on qualifying, centrally cleared exchanges.
Social Trading Predictions Point to Crypto’s Next Roaring Kitty
Bitcoin.com - Social trading could produce celebrity traders, powerful online groups, and crypto’s next Gamestop-style movement. New predictions suggest trading applications will increasingly combine markets, content, competition, and financial incentives as the sector develops. Seven Predictions Show How Social Trading Could Reshape Crypto Social trading applications increasingly combine market data, public performance records, discussions, and trade execution […]
Bitcoin Company Challenges MSCI's Proposal for Index Exclusion
TheCurrencyAnalytics - Strategy is not backing down. The Bitcoin treasury company has sent a direct letter to Morgan Stanley Capital International to… Read the original on Strategy Challenges MSCI’s Proposal to Exclude Bitcoin Companies, Calls It “Biased. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
EU Targets ChatGPT, Reddit, Roblox With Tougher DSA Scrutiny
Bitcoin.com - The European Commission has placed ChatGPT, Reddit and Roblox under direct supervision, requiring each to assess and mitigate the risks its systems create within four months of notification of their designations. Breaches can cost 6% of global annual turnover. Why the Commission Classified ChatGPT as a Search Engine The European Commission designated ChatGPT, Reddit and […]
Trump's Pharma Pricing Deal Expands as Healthcare Stocks Keep Climbing
BeInCrypto - Trump expanded his drug pricing deal to 26 pharma firms as UBS says healthcare stocks still have room to climb. The post Trump's Pharma Pricing Deal Expands as Healthcare Stocks Keep Climbing appeared first on BeInCrypto.
AI TRENDS | CXMT Starts Small-Scale HBM3E Production For AI Chips
Binance News - CXMT has begun small-scale production of HBM3E memory, an advanced high-bandwidth memory used in artificial intelligence chipsets, and plans to expand output in 2027, according to ETNet. The company is also planning to expand capacity. Its DRAM manufacturing capacity is expected to reach 350,000 wafers a month by the end of this year, with further increases planned in the coming years. CXMT's current HBM3E production remains very limited, indicating it is still in the risk trial stage. The report said CXMT has previously been able to move quickly from risk trial production to mass production, so HBM3E could enter large-scale output within weeks. ...
STOCKS | Kingdee, Pony.ai, BOC Hong Kong, Hesai See Pre-Market Block Trades
Binance News - Four listed companies recorded pre-market block trades at 9:03 a.m., according to ETNet. Kingdee International (00268), Pony.ai-W (02026), BOC Hong Kong (02388) and Hesai-W (02525) were among the names involved. Kingdee International also logged a pre-market trade at 9:01 a.m. for 5.9584 million shares at HK$8.66 each, unchanged from the previous close, for HK$51.6 million. It further recorded two trades at 9:00 a.m. involving a combined 12.39 million shares at HK$8.66 each, also unchanged from the previous close, for HK$107 million. In total, five pre-market trades involved 37.26 million shares worth HK$323 million.
Former Regulators Warn SEC and CFTC Over Swap Rule Boundaries
Binance News - Several former regulators, including former CFTC Chairman Chris Giancarlo, former CFTC Commissioners Brian Quintenz and Sharon Brown-Hruska, former SEC Commissioner Steven Wallman, and former SEC Chief Economist Chester Spatt, submitted a comment letter to the SEC and CFTC warning that liquidity could continue moving overseas if the regulatory boundaries for swaps, security-based swaps, and new products are drawn improperly. According to Foresight News, the letter argues that similar risks should receive similar regulation and that overlapping rules should not add extra compliance costs. Kalshi estimated that offshore perpetual contract trading exceeded 900 trillion ...
South Korean President Lee Jae-myung: Rate Hikes Are Unavoidable
Binance News - According to Jin10, South Korean President Lee Jae-myung said rate hikes are unavoidable.
GEOPOLITICS | Oil Prices Pressure Shorter-Duration Treasury Yields
Binance News - Bloomberg's Anthony Stephens said oil prices have become a driver of shorter-duration Treasury yields, according to Bloomberg. He said rising oil prices are also boosting expectations that the Federal Reserve will raise interest rates.
STOCKS | Hengyi Holdings Approves Board Overhaul At EGM
Binance News - Hengyi Holdings (01894) said all 11 ordinary resolutions at its extraordinary general meeting on Tuesday were passed by shareholders, including the removal of five incumbent directors and the appointment of four new directors. According to ETNet, the approved removals included executive directors Lo Hok Yu and Ng Wai Ping, as well as independent non-executive directors Chan Man Kit, Tsui Lam Kong and Choi Chun Wah. A motion to remove Sin Kwok Chi was rejected after receiving 100% of the votes against it. The company appointed Cao Jianqiang as executive director and Chan Chun Wing, Au ...
China Merchants Land Enters Shenzhen Office Lease With Parent-Linked Unit
Binance News - China Merchants Land (00978) said an indirect wholly owned subsidiary has signed a property lease agreement with a company under China Merchants Shekou for office space in Shenzhen's Nanshan district, according to ETNet. The leased premises are at Phase II of New Times Plaza, No. 5 Taizi Road, with a gross floor area of about 997 square metres. The lease runs from Sept. 1 this year to Aug. 31, 2031, for 60 months, with a fixed monthly rent of RMB 219,300 and total rent of about RMB 13.16 million over five years. Under HKFRS 16, the group expects to recognise a right-of-use asset of about RMB 14.244 million. ...
Middle East Tensions Rise As Iran Warns Neighbours After U.S. Strikes
Binance News - Iran warned neighbouring countries on Monday that it would not tolerate any act of aggression and would respond more forcefully after renewed attacks between the United States and Iran on Sunday, according to ETNet. The Iranian armed forces general staff said it respected the sovereignty of other countries in the region, but accused the U.S. military of using their territory to attack Iran and vowed to destroy and strike any source of aggression. On August 30, the U.S. said Iran was preparing to lay mines in the Strait of Hormuz and struck two rocket launchers on Larak Island. Iran later fired missiles at two U.S. bases in Jordan, marking the sides' latest exchange ...
Shanghai Pharmaceuticals Wins Approval For Ruxolitinib Phosphate Tablets
Binance News - Shanghai Pharmaceuticals (02607) said its Changzhou pharmaceutical plant has received a drug registration certificate from China's National Medical Products Administration, allowing production of ruxolitinib phosphate tablets in 5 mg, 15 mg and 20 mg strengths. The drug is indicated for myelofibrosis and for patients aged 12 and above with acute or chronic graft-versus-host disease who have had an inadequate response to glucocorticoids or other systemic therapies. The company filed the marketing registration application in December 2024 and had spent about RMB24.81 million on research and development as of the announcement date, according to ETNet. ...
Laekna Starts Patient Recruitment For LAE118 Phase I Trial In China
Binance News - Laekna Medicine (02105) said it has started patient recruitment in China for the Phase I clinical study of LAE118 for the treatment of advanced solid tumours, and has enrolled its first patient, according to ETNet. LAE118 is an internally developed novel PI3Kalpha pan-mutant selective inhibitor. The company said the drug has already received approval for its investigational new drug application from the U.S. Food and Drug Administration and China’s Center for Drug Evaluation, and the Phase I study has begun.
STOCKS | Moutai Keung Chung Buys Two Xiamen Ad Firms For RMB 146,300
Binance News - Moutai Keung Chung (01716) said it has agreed to acquire all the equity interests in Xiamen Wannianfeng and Xiamen Huasha for a combined consideration of about RMB 146,300, according to ETNet. The consideration for Wannianfeng is RMB 143,300 and the price for Huasha is RMB 3,000. Both deals will be paid in cash from internal resources. The two companies focus on mobile advertising promotion and agency services. The seller is Xiamen Kuangshi Alliance Network Technology, an independent third party. The acquisition constitutes a discloseable transaction and does not ...
Yiteng Jiahua Pharma Chairman Plans Up To $1 Million Share Buy
Binance News - Yiteng Jiahua Pharma (06998) said Chairman Ni Xin plans to use personal funds to increase his stake in the open market by up to $1 million, starting August 31, according to ETNet. On the same day, the company said it had launched a share buyback programme. The repurchased shares will be used for employee incentives and market value management. The blackout period for interim results ended on August 28.
STOCKS | Xiaomi Auto Deliveries Exceed 30,000 Units in August
Binance News - According to Jin10, Xiaomi Auto said its deliveries in August continued to exceed 30,000 units.
STOCKS | Wing Lee Buys 1.4 Million Bai Fu Shares For HK$1.288 Million
Binance News - Wing Lee International Holdings (01218) said it bought 1.4 million shares of Bai Fu (01488) on the open market on July 31 for HK$1.288 million, at an average price of HK$0.92 per share, according to ETNet. After the purchase, the group held 85.228 million Bai Fu shares, or about 5.40% of the company's total issued share capital. Wing Lee said it was positive on Bai Fu's financial performance and outlook, citing the restaurant group's results. Bai Fu's interim loss narrowed to RMB24.417 million from RMB32.859 million a ...
China Biopharma Grants Cipla Exclusive License For TQB2102
Binance News - China Biopharma's subsidiary Chia Tai Tianqing Pharmaceutical Group has signed an exclusive licensing and supply agreement with Cipla Limited for its self-developed TQB2102, according to ETNet. The company said it is entitled to upfront, potential development, regulatory and sales milestone payments of up to $123 million, plus double-digit royalties on annual net sales of TQB2102. This is the second regional licensing deal for TQB2102, and the two agreements have brought the group about $30 million in upfront and milestone payments so far. ...
Yuan Heng Gas Plans Share Placement To Raise Up To HK$10.27 Million
Binance News - Yuan Heng Gas (00332) said it has signed a placement agreement with a placing agent to sell up to 65.45 million new shares at HK$0.157 each, raising up to HK$10.27 million, according to ETNet. The placement price represents a discount of about 4.67% to the stock's HK$0.15 close on the previous day. The new shares will account for about 16.67% 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 | CSPC Pharma Starts Phase I Trial Of SYH2092 Injection
Binance News - CSPC Pharmaceutical Group (01093) said the Phase I clinical trial of its SYH2092 injection for weight management in adults who are overweight or obese has officially started at the first study centre in mainland China, according to ETNet. The company said it is now advancing participant recruitment and screening for the trial. SYH2092 is an amylin receptor agonist, and preclinical studies showed higher target agonist activity, significant weight-loss effects and sustained weight maintenance compared with several amylin analogues now in clinical development. By optimising agonist activity and fatty-acid modification, the ...
STOCKS | Minglue Technology Unit To Buy 11.33% Stake In Wuhan Nightingale For RMB 28.183 Million
Binance News - Minglue Technology-W (02718) said its non-wholly owned subsidiary Beijing Minglue Software has conditionally agreed to buy an 11.33% stake in Wuhan Nightingale from Tencent Industrial Investment, which is owned by Tencent Chairman and Executive Director Pony Ma, for RMB 28.183 million. The company said Wuhan Nightingale mainly provides marketing intelligence services, particularly private-domain tools based on the Tencent ecosystem. Wuhan Nightingale posted a profit of RMB 2.99 million last year. After the transaction is completed, Wuhan Nightingale will become wholly owned by Beijing Minglue Software and will continue to be accounted for as a subsidiary, ...
Zall Smart Commerce Swings To RMB 1.15 Billion Interim Loss
Binance News - Zall Smart Commerce Group (02098) posted an interim loss of RMB 1.15 billion for the six months ended June 30, compared with a profit of RMB 97.05 million a year earlier, and declared no interim dividend, according to ETNet. The company said the loss was mainly due to a net fair value loss of about RMB 1.13 billion on investment properties. Revenue fell 59.4% to RMB 36.9 billion, mainly because of lower income from its supply chain management and trading businesses. Gross profit dropped 19.6% to RMB 220 million, while the gross margin rose 0.3 percentage point to about 0.6% as the group reduced the share of lower-margin businesses and optimized its business structure to focus resources ...
Chengdu Expressway Commits RMB 150 Million To Solar And Storage Fund
Binance News - Chengdu Expressway (01785) said it will contribute RMB 150 million as a new subordinated limited partner to Chengdu Zhuoyue Microgrid M&A Equity Investment Fund Partnership, taking a 15% stake, according to ETNet. The fund has a total size of RMB 1 billion and will engage in equity investment, investment management and asset management through a private fund structure. Its investments will focus on photovoltaic and energy storage assets, including the acquisition of mature commercial and industrial distributed solar power stations operating mainly under a self-consumption model with surplus electricity fed into the grid. The portfolio is expected to total about 560 megawatts across ...
Gome Retail Narrows Interim Loss To RMB310 Million
Binance News - Gome Retail Holdings (00493) said its interim loss narrowed to RMB310 million for the six months ended June 30 from RMB1.3 billion a year earlier, with no interim dividend declared. ETNet reported that revenue fell 40.7% to RMB176 million, as some suppliers reduced deliveries and the sales environment remained weak. Gross profit rose to RMB206.62 million, while other income and gains jumped to RMB1.29 billion, mainly due to gains on disposal of subsidiaries. The company also booked RMB290 million in impairment losses on financial assets and RMB700 million in finance costs. ...
Stocks | Japan Shares Fall In Early Trading; Dollar At 159.73-75 Yen
Binance News - Japan stocks fell in early trading, with the Nikkei 225 at 65,833, down 478 points or 0.72%, according to ETNet. South Korea's KOSPI was at 6,817, down 2 points or 0.03%. The dollar was quoted at 159.73-75 yen.
STOCKS | Gome Energy Swings To RMB 1.09 Billion Interim Loss
Binance News - Gome Energy Holdings (06885) reported an interim loss of RMB 1.09 billion for the six months ended June 30, widening from a loss of RMB 120 million a year earlier, and said it will not pay an interim dividend. ETNet reported that the larger loss was driven by an RMB 1.47 billion impairment loss under the expected credit loss model and higher selling and distribution expenses of RMB 167 million. Revenue rose to RMB 4.56 billion, gross profit increased 62% to RMB 380 million, and gross margin improved 1.7 percentage points to 8.8%. ...
CME Launches 10-Barrel WTI Futures Contract
Binance News - According to CNBC, CME Group began offering a new futures contract on Sunday that represents 10 barrels of West Texas Intermediate crude, or about $860 at current prices. The contract is smaller than CME's Micro WTI contract, which covers 100 barrels, and its standard contract, which covers 1,000 barrels. The launch comes as oil prices inched lower on Monday after OPEC+ agreed to further increase output targets from August and exports from key producers via the Strait of Hormuz recovered. Market participants said the smaller contract could make crude trading more accessible to retail investors, following growth in online brokerage platforms, exchange-traded funds and smaller futures ...
Baidu’s Hong Kong Listing Converts to Dual Primary Listing
Binance News - Baidu Group said its previously announced voluntary conversion of its Hong Kong Stock Exchange secondary listing status to a dual primary listing took effect on September 1, 2026. The company is now dual primary listed on the Hong Kong Stock Exchange and Nasdaq Global Select Market, and its ordinary shares in Hong Kong and American depositary shares on Nasdaq will remain convertible, according to Jiemian News.
Oricell Therapeutics Appoints Guo Feng as CEO
Binance News - Oricell Therapeutics Holdings Limited, a cancer immunotherapy company formerly known as Yuanqi Biotech, said on September 1 that it has appointed Guo Feng as chief executive officer, responsible for the group's overall business and operations, according to Jiemian News. Founder, chairman and former CEO Yang Huanfeng will remain chairman and president. Before joining Oricell Therapeutics, Guo served as CEO of Hong Kong-listed biopharmaceutical company Yiteng Jiahe.
Ocumension Bio-B Says OT-202 Phase III Trial Enrolls First Patient
Binance News - Ocumension Therapeutics-B (01477) said its Phase III clinical trial of OT-202 for dry eye disease has enrolled its first patient, according to ETNet. The company said OT-202 is its in-house, first-in-class drug candidate for moderate to severe dry eye disease. It added that the Phase I trial completed in February 2023 showed good safety and tolerability in healthy adult volunteers, while the Phase II trial in mainland China completed enrollment of 213 patients in November 2023 and met its primary endpoint in March 2024.
E-House Holdings Swings To Interim Profit Of RMB45.245 Million
Binance News - E-House Holdings (02048) reported interim net profit of RMB45.245 million for the six months ended June 30, compared with a net loss of RMB298 million a year earlier, according to ETNet. The company said it will not pay an interim dividend. Revenue fell 35.5% to RMB813 million as income declined across all business segments. Revenue from real estate agency services dropped 52.5% to RMB32.6 million. Selling expenses fell 99.5%, while profit before tax rose to RMB250 million from a pre-tax loss of RMB303 million in the same period last year. ...
STOCKS | Sunmi Technology-W Swings To RMB 69.996 Million Interim Loss
Binance News - Sunmi Technology-W (06810) reported an interim net loss of RMB 69.996 million for the six months ended June 30, compared with a net profit of RMB 15.93 million a year earlier, and did not declare an interim dividend, according to ETNet. Revenue rose 25.8% to RMB 1.762 billion, gross profit increased 26.4% to RMB 566 million, and gross margin edged up 0.1 percentage point to 32.1%. Administrative expenses doubled, while loss before tax widened to RMB 62.031 million.
Yunnan Water Narrows Interim Loss To RMB 656 Million
Binance News - Yunnan Water (06839) reported an interim loss of RMB 656 million for the six months ended June 30, narrower than a loss of RMB 875 million a year earlier, according to ETNet. The company posted a loss per share of 63.7 fen and did not declare an interim dividend. Revenue fell 8.3% to RMB 1.062 billion. Gross profit dropped 64.5% to RMB 52.654 million, while gross margin was about 5%, down 7.8 percentage points. Administrative expenses declined about 72.6%, and loss before tax narrowed to RMB 746 million.
AI TRENDS | Pateo Reports Wider Interim Loss As Revenue Jumps 110%
Binance News - Pateo Connect Technology (02889) reported an interim loss of RMB 306 million for the six months ended June 30, wider than the RMB 227 million loss a year earlier, and said it will not pay an interim dividend. ETNet reported that revenue rose 110% to RMB 2.228 billion, driven by heavier investment in AI-related businesses and a sharp increase in sales from AI smart cockpit and AI solutions. Gross profit climbed 64.7% to RMB 257 million, while gross margin narrowed 2.9 percentage points to 11.5%. The company said selling expenses rose 38.9%, administrative expenses increased ...
STOCKS | Ascletis Pharma Swings To RMB 320 Million Interim Loss
Binance News - Ascletis Pharma (01672) reported an interim loss of RMB 320 million for the six months ended June 30, widening from a loss of RMB 87.951 million a year earlier, and declared no interim dividend. ETNet reported that total revenue fell 48.9% to about RMB 53 million, mainly because one-off non-recurring income, largely from government subsidies to mainland entities, declined. Administrative expenses fell 28.9%, while research and development expenses rose 130%.
MediaTek Prices $3.9 Billion Overseas Convertible Bond Offering With Nvidia and Alphabet
Binance News - MediaTek said on the 31st that it completed pricing for a $3.9 billion overseas convertible bond offering, bringing in funding from Nvidia and Alphabet, Google’s parent company. According to ChainCatcher, Nvidia will take $3.5 billion, or about 90% of the deal, and the two companies said they will deepen cooperation going forward. The company said the transaction is the largest overseas convertible bond issuance in Taiwan’s capital market history and marks Nvidia’s first investment in a Taiwanese company. Under a joint statement, Nvidia will buy MediaTek’s overseas convertible bonds as part of an expanded partnership. ...
Uber Applies to Operate Seoul Autonomous Taxi Platform
Binance News - According to Sina Finance, citing the Korea Economic Daily, Uber has submitted a bid application to the Seoul city government seeking to operate an autonomous mobility platform. The winning company will be allowed to run Seoul autonomous taxi services on its platform for at least two years, connecting autonomous taxis deployed by multiple companies and providing ride-hailing services to passengers. The report said this is the first time a global mobility service provider such as Uber has applied to take part in South Korea's autonomous driving business.
STOCKS | SenseTime-W Tops Northbound Buying, ICBC Leads Selling
Binance News - Data compiled from HKEX Disclosure Easy's Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect holdings records showed that on the previous day, with holding date August 31, 2026, SenseTime-W (0020) saw the largest increase in holdings, up 63.447 million shares, while Industrial and Commercial Bank of China (1398) saw the biggest reduction, down 33.607 million shares, according to Ming Pao.
Rystad Energy Sees Fuel Cell Market Reaching $30 Billion by 2030
Binance News - Rystad Energy expects data center developers to turn to on-site fuel cells as grid congestion delays power access, with fuel cell market revenue rising from about $2.8 billion in 2025 to about $30 billion in 2030. According to ChainCatcher, the firm said signed orders total about 9 gigawatts, including framework agreements with Oracle, AEP, Equinix, and Brookfield. Rystad Energy estimated U.S. large-load grid connection times at three to six years. It projected cumulative data center fuel cell demand of 10.4 gigawatts from 2026 to 2030, and said about 40% of U.S. data center capacity in 2030 could use on-site generation. North America is expected to account for 91% of global ...
Strategy Keeps September STRC Dividend Rate Unchanged at 12%
Binance News - Strategy said in a post on X that STRC’s dividend rate for September will remain unchanged at 12%. According to Odaily, the company made the announcement on X.
Bitmine Buys 51,000 ETH From FalconX and BitGo
Binance News - Bitmine, led by Tom Lee, bought 51,000 ETH from FalconX and BitGo two hours ago. According to Odaily, the purchase was valued at $126 million.
Bitwise XRP ETF Crosses $500M in Assets 9 Months After Launch
Bitcoin.com - Bitwise’s XRP ETF has surpassed $500 million in assets under management nine months after its launch. The fund now holds nearly 364.8 million XRP, giving brokerage-account investors indirect exposure to the crypto token without direct custody. Bitwise XRP ETF Passes $500 Million Milestone Bitwise Asset Management stated in an Aug. 31 post on X that […]
STOCKS | South Korea's August Exports Extend Strong Growth on AI Chip Demand
Binance News - South Korea's August exports continued to grow strongly, with artificial intelligence demand boosting chip shipments and the broader economy. According to Sina Finance, customs data released Tuesday showed exports rose 72.5% year on year in August after adjusting for working-day differences, while imports increased 22.5% and the trade surplus reached $34.7 billion. Unadjusted exports rose 68.7%, compared with a revised 63% increase in July. Semiconductors remained the main driver of export growth, and the data showed external demand stayed resilient despite higher energy prices and geopolitical tensions. That supported the Bank of Korea's 25-basis-point rate hike at its ...
STOCKS | Mao Geping Plans Up To HK$500 Million H-Share Buyback
Binance News - Mao Geping (01318) said it plans to exercise its H-share buyback mandate and repurchase H shares from time to time in the open market, with the total amount not exceeding HK$500 million, according to ETNet. The company said the buyback period will run until the mandate expires, unless the total repurchase amount reaches the cap or the board ends the programme earlier. The repurchased H shares will be cancelled or held as treasury shares. Mao Geping said the board approved the move based on confidence in the group's future development prospects and long-term value, and to protect shareholder interests and strengthen investor confidence.
China Releases July Economic Data, Including GDP, CPI, Trade and FX Reserves
Binance News - China released a batch of economic indicators for 2026 and 2025, including GDP, CPI, PPI, retail sales, investment, money supply, lending, trade and foreign exchange reserves, according to ETNet. The data showed second-quarter 2026 GDP rose 4.3% year on year to RMB 36.1511 trillion, while first-quarter GDP grew 5.0% to RMB 33.4193 trillion. Full-year 2025 GDP increased 5.0% to RMB 140.1879 trillion. July CPI rose 0.5% and PPI climbed 3.5%, while industrial output, retail sales and fixed-asset investment figures for January-July were also reported. China’s foreign exchange reserves stood at $3.418776 trillion at the end of July. Exports rose 23.9% in July and ...
Polymarket Seattle Mariners-Boston Red Sox Submarket Sees Sharp Odds Swing
Binance News - Catcher Predict reported a sharp move in the Polymarket submarket for the Seattle Mariners vs. Boston Red Sox event. According to ChainCatcher, the Boston Red Sox option in the first five innings -1.5 submarket rose from 34.5% one hour earlier to 50%, a 15.5 percentage point increase. The report said related breaking news may have affected the shift.
Bessent Meets BOJ Governor Ueda and Japan's Finance Minister Katayama at G20 Talks
Binance News - U.S. Treasury Secretary Scott Bessent held separate talks with Bank of Japan Governor Kazuo Ueda and Japanese Finance Minister Satsuki Katayama during the G20 finance ministers and central bank governors meeting in Asheville, North Carolina, according to Jiemian News. U.S. Treasury Under Secretary for International Affairs Erin Brown said Bessent stressed the importance of clearly communicating Japan's next steps to markets, including fiscal sustainability and the path of interest-rate increases, and said that was the appropriate policy direction going forward.
STOCKS | China Reform Holdings, China Chengtong Increase A-Share Holdings by Over 60 Billion Yuan This Year
Binance News - According to Jin10, the China Association of Listed Companies said on August 31 that 1,051 listed companies had announced 2026 share buyback plans worth more than 220 billion yuan, with self-funded buybacks accounting for 39% and the overall completion rate of buyback plans at 34%. It also said 273 listed companies had announced 2026 shareholding increase plans, and China Reform Holdings and China Chengtong had together increased holdings by more than 60 billion yuan this year.
STOCKS | Feishang Anthracite Delays Interim Results To October 30
Binance News - Feishang Anthracite (01738) said it needs more time to complete and finalise its management accounts for the six months ended June 30, delaying the publication of its interim results to an expected October 30 and prompting a trading suspension today, according to ETNet. The company said the delay was mainly due to financial difficulties and tight liquidity, which have led to delays in employee salary payments and the departure of some core staff. Unstable weather and multiple natural disasters in mainland China have also disrupted normal operations at the company and its subsidiaries, creating major obstacles to preparing and finalising the accounts. ...
STOCKS | Man Wah Says Southern Motion Files For Chapter 11 In U.S.
Binance News - Man Wah Holdings said its subsidiary Southern Motion, Inc. is involved in a commercial dispute with its landlord and certain other creditors and has filed for Chapter 11 bankruptcy protection in the United States, according to ETNet. The company said the filing was made to protect employees, key suppliers and customers while the acquired group, Gainline Recline Intermediate Corp., continues to operate under applicable law until the dispute is resolved. Man Wah completed the acquisition of Gainline Recline Intermediate Corp. in December 2025. The acquired group manufactures and sells upholstered furniture in the U.S. and operates eight production facilities in northern Mississippi, six of ...
STOCKS | Enviro-Logistics Asia Announces Major Board Shake-Up
Binance News - Enviro-Logistics (Asia) (06083) said its board underwent major changes from August 31, with six directors resigning and six new directors appointed, including Lan Shuen Ming as chairman and chief executive officer, according to ETNet. The company said former executive director, chairman and CEO Yeung Kwong Fat resigned, along with Lee Kam Hung and Luk Yau Chi. Three independent non-executive directors, Mak Tung Sang, Chung Chi Pin and Lai Wing Ying, also stepped down. Enviro-Logistics said all departing directors confirmed they had no disagreement with the board and were not aware of any other matters that ...
Pons Records About $1.4 Million in Daily Revenue on August 31
Binance News - Pons generated about $1.4 million in revenue on August 31, setting a record high. According to Odaily, V1 revenue was about $902,400 and V2 revenue was about $471,700, while the page estimated that total revenue for the day could reach about $2 million.
Japan Companies Lift Capital Spending as Profits Surge
Binance News - Japanese companies increased capital spending in the second quarter as profits surged, according to Bloomberg. The latest data suggest the corporate sector is coping fairly well with the fallout from the Middle East conflict.
SEC Tightens Scrutiny of Private Company SPVs
Binance News - According to Jin10, the U.S. Securities and Exchange Commission (SEC) has stepped up scrutiny of companies behind so-called special purpose vehicles (SPVs) and is asking registered investment advisers to provide evidence that their SPVs actually own or hold the private company shares they claim to hold. According to Jin10, some sources said these funds intensified marketing ahead of SpaceX's high-profile initial public offering and Anthropic's planned listing, while investor complaints also increased, prompting regulators to tighten scrutiny. According to Jin10, the SEC's current reviews typically include document requests, and some reviews also involve on-site interviews, with the process potentially lasting from several weeks to a year.
House To Vote On Censure Of Rep. Chuck Edwards Over Sexual Harassment Findings
Binance News - According to Axios, the House is set to vote Tuesday on censuring Rep. Chuck Edwards, R-N.C., after the House Ethics Committee found he violated chamber rules on sexual harassment and recommended censure. House Speaker Mike Johnson has deferred to the committee, and GOP leadership is not whipping the vote, leaving Republicans to decide individually whether to punish Edwards, who has denied wrongdoing and abandoned his reelection campaign this month. The House is also returning to session amid allegations of domestic violence against Rep. Max Miller, R-Ohio, who denies the claims, and an Ethics Committee investigation into Rep. Cory Mills, R-Fla., over allegations of domestic abuse, stolen valor and financial misconduct, which he also denies. Separately, the committee opened ...
Deloitte Forecasts Moon Economy Could Reach $566 Billion by 2050
Binance News - Deloitte said the moon economy could reach $566 billion by 2050 in an accelerated-growth scenario, or $343 billion in a more conservative case. According to Sina Finance, the consultancy also estimated another $541 billion in potential value from scientific advances in space, new energy, and innovative commercial applications. The report was coauthored by Deloitte Space leader Brett Lobert and Raquel Buscaino, head of the emerging index technology team. Buscaino said the uncertainty and ambiguity surrounding the still-unimagined market are not necessarily warning signs, but rather represent major opportunities for growth. ...
ASIA NIGHT SESSION | Nikkei Night Futures Slide 630 Points as US-Iran Flare-Up Lifts Oil; Hang Seng Futures Off 107, TAIEX Flat
Binance News - According to JPX official data, RTHK and HKET, Asian index-futures traded lower overnight as a renewed US-Iran military exchange pushed Brent crude above US$90 a barrel and lifted the US 10-year Treasury yield to a 19-month high, while Wall Street and European markets dipped on hawkish remarks from US Federal Reserve chief Kevin Warsh. The United States said it had struck Iranian rocket launchers in the Strait of Hormuz, and Tehran retaliated with missiles at US targets in Jordan. The near-month Nikkei 225 index futures (September 2026 contract) ended the Osaka Exchange night session at 65,820, down 630 points, trading between a high ...
South Korea August Export Growth Beats Forecast
Binance News - According to Jin10, South Korea's August export growth rate was 68.7%, above the expected 62.6% and revised up from 62.8% to 62.9%.
STOCKS | Funds Adjust Stakes In ZTE, Kuaishou, Xiaomi And Others
Binance News - Funds increased or reduced holdings in several listed companies, including ZTE, Kuaishou, Xiaomi, Da Tong Group, WuXi XDC, Tigermed and Flat Glass Group, according to ETNet. BlackRock cut its long position in ZTE by 130,000 shares on August 26, 2026, while trimming Kuaishou by 580,000 shares and Xiaomi by 2.38 million shares. Protoss Fund lifted its stake in Da Tong Group by 16.5 million shares on the same date. Schroders reduced its holding in WuXi XDC by 530,000 shares on August 28, 2026, ...
HKEX Releases Top 10 Most Active Southbound Stocks On August 31
Binance News - Hong Kong Exchanges and Clearing said the top 10 most active stocks in Southbound Trading via the Shanghai and Shenzhen links on August 31 included Zhipu (02513), MiniMax (00100), Kingboard Laminates (01888), Yangtze Optical Fibre and Cable (06869), China Construction Bank (00939), Tencent (00700), SMIC (00981), Alibaba (09988), Meituan (03690), and ICBC (01398), according to ETNet. In Southbound Trading via the Shanghai link, Zhipu recorded net selling of HK$858.10 million, while MiniMax saw net selling of HK$524.59 million. Meituan posted net buying of HK$334.44 million, and Tencent had net buying of HK$182.54 million. China Construction Bank recorded net selling of HK$1.03 billion. ...
HKEX Releases Top 10 Most Active Stock Connect Names For July 31
Binance News - Hong Kong Exchanges and Clearing said the top 10 most active stocks in Shanghai Connect and Shenzhen Connect on July 31 were led by Cambricon, which recorded combined buying and selling turnover of RMB 2.767 billion, according to ETNet. In Shanghai Connect, the most active names also included Shengyi Technology, WuXi AppTec, GigaDevice, Zijin Mining, Raytron Technology, Foxconn Industrial Internet, Huatian Technology, Songfa, and China Jushi. In Shenzhen Connect, the list was led by Zhongji Innolight, CATL, Eoptolink, Sungrow Power Supply, Unigroup Guoxin, Naura Technology, BYD, Inspur Information, Fenghua Advanced Technology, and Luxshare Precision.
Uber Executives Say Driver's Licenses and Private Cars May Become Unnecessary in 15 to 20 Years
Binance News - Uber Technologies President and Chief Operating Officer Andrew Macdonald said people’s travel habits could change completely over the next 15 to 20 years, with most people using bicycles, scooters, public transit, or autonomous cars. According to Sina Finance, he said no one would need to own a private car or even a driver's license, and added that public transit would play an important role. Macdonald said new-car prices have surged 30% over the past six years and argued that private cars are inefficient assets because they sit idle 98% of the day while continuing to depreciate and generate ongoing costs such as insurance. He ...
1789 Capital Plans $300 Million Additional Investment in Polymarket
Binance News - 1789 Capital, where Donald Trump Jr. is a partner, is planning to invest about $300 million more in prediction market platform Polymarket as part of a roughly $1 billion funding round led by the firm, according to people familiar with the matter. According to ChainCatcher, if the deal is completed, Polymarket would be valued at about $21 billion. 1789 Capital has already invested about $200 million in Polymarket and would become one of its largest investors after the round closes. Polymarket's largest investor is Intercontinental Exchange, which previously disclosed a $1.6 billion stake in the company, representing about 22% of its outstanding shares.
Bitcoin Treasury shakeout deepens with Strive purchases
Cryptopolitan - The corporate purchases of Bitcoin resumed this week, creating additional demand in the market that has already risen significantly throughout August. Strive bought Bitcoin for approximately $143 million while Strategy came back from a roughly ten-week hiatus and bought approximately $370 million worth of Bitcoin, further indicating the ongoing interest from corporate buyers who have...
Thousands of Wealth Products Switch Performance Benchmarks as New Disclosure Rules Take Effect
Binance News - Since August, thousands of wealth management products have completed a switch in their performance benchmarks, moving away from intuitive annualized ranges such as 1.45% to 2.55% and toward formula-based benchmarks linked to market indicators including the China Bond Composite Index and LPR. One notable case is Guiyang Bank’s Shuangyin Wealth — Zhouzhoubao, which previously used a 1.50% to 2.60% benchmark and will remove its performance benchmark from September 1, according to Jiemian News. The broad shift is being driven by the Bank and Insurance Institutions Asset Management Product Information Disclosure Administration Measures, which take effect on September 1. The report said wealth managers are accelerating a move toward fixed-income-plus strategies, ...
North American Blue Energy Partners To Take Over Some Venezuela Oilfields
Binance News - According to CNBC, U.S. oil company North American Blue Energy Partners will take over some oilfields previously controlled by five Chinese companies and a Russian firm under a broader oil production agreement announced by President Donald Trump with Venezuela. Two U.S. officials said the projects are among 14 contracts newly granted to the company, which is expected to control 17 projects in Venezuela and eventually use them to supply oil to the U.S. The officials said five of the 14 contracts had been operated by Chinese companies, one by a Russian company, two by China Concord Resources, one by Sinopec and one by China National Petroleum Corp, while two others were run by affiliates of Alex Saab and another was linked to a nephew of Cilia Flores. The officials also said ...
Ninth Circuit Ruling Sets Up a Kalshi Supreme Court Fight on Sept. 3
Bitcoin.com - New Jersey has until Thursday to ask the U.S. Supreme Court to review a Third Circuit decision protecting Kalshi’s sports event contracts from state gambling law. On Friday, a federal appeals court in San Francisco decided the same question the opposite way, handing the state the circuit split it told Justice Samuel Alito in June […]
Cango Reports Second-Quarter Revenue of $50.8 Million and Net Loss of $81.6 Million
Binance News - Bitcoin miner Cango Inc. reported unaudited second-quarter results for the period ended June 30, 2026, with total revenue of $50.8 million and a net loss of $81.6 million. According to ChainCatcher, the loss was mainly driven by non-cash impairment and disposal losses on mining machines. The company said Bitcoin mining revenue reached $47.4 million, while it held 1,056 Bitcoin as digital asset reserves and had $31.2 million in long-term debt. Total operating hashrate was 27.58 EH/s, including 19.84 EH/s self-operated and 7.74 EH/s leased capacity, and the company mined 656 Bitcoin during the quarter. ...
Australia’s Beetaloo Shale Gas Starts Commercial Output for Northern Territory Data Centers
Binance News - Australia’s Northern Territory has begun commercial production from the nation’s first shale gas wells, according to Bloomberg. The sparsely populated region is betting on the fuel to help power a wave of new data centers.
AI TRENDS | Anthropic Seals $35 Billion Cloud Deal With Nvidia-Backed Lambda
Binance News - Anthropic PBC agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, as part of an effort to quickly expand its AI capacity, according to Bloomberg, citing a person familiar with the matter. Infrastructure company Hut 8 is developing the Texas data center involved in the project, the person said, asking not to be identified because the discussions are private. The Wall Street Journal previously reported that Nvidia would hold the lease on the data center, located in Nueces County, Texas. The deal is the latest AI computing agreement tied to Nvidia, the world's most valuable business and the leading provider of AI chips, which has been using its ...
Dell Earnings Could Swing Stock 11% On $52 Straddle
Binance News - Dell Technologies reports fiscal second-quarter results Tuesday after the close, and options expiring September 4 imply an 11% move in either direction. The at-the-money straddle costs about $52 versus Dell’s $456.01 close on Monday, according to BeInCrypto, as investors brace for a reaction to guidance on revenue, AI server sales and margins. Dell guided for $44 billion to $45 billion in revenue, about $4.80 a share in adjusted earnings and roughly $15.5 billion in AI server revenue. It also said Infrastructure Solutions Group revenue should grow about 75%.
California Subway Customer Blasts Employee Over Alleged Fee for Toasting Bread
DailyHODL - A Subway customer accused an employee of fabricating a charge for toasting bread during a confrontation caught on video. The post California Subway Customer Blasts Employee Over Alleged Fee for Toasting Bread appeared first on The Daily Hodl.
GEOPOLITICS | US Funds Alcoa Gallium Plant in Western Australia
Binance News - The US Department of War said it will provide $174 million in financing to Alcoa Corp. for a gallium plant at its alumina refinery in Western Australia, according to Bloomberg. Washington is seeking to reduce its reliance on China for critical minerals.
Japan Plans 616 Billion Yen in Fuel Price Relief From Budget Reserves
Binance News - Japan plans to use 616 billion yen from budget reserves to continue fuel price relief measures. According to Sina Finance, media reports on Monday said domestic airline jet fuel subsidies will be increased, while support for international flights will be scrapped.
STOCKS | Hyundai Motor Union Workers Approve This Year's Wage Deal
Binance News - Workers at Hyundai Motor Co.'s union voted to approve this year's wage agreement, which includes a monthly base-pay increase of 100,000 won. According to Sina Finance, the union said 61.55% of 31,166 members approved the deal in a vote held on Monday. Under the agreement, employees will also receive a performance bonus equal to 400% of monthly pay and an additional 12.7 million won in cash. The two sides also agreed to extend the retirement age from 60 to 65 if relevant laws and regulations are revised. ...
GEOPOLITICS | Rystad Says Venezuela Oil Output Recovery Will Take Decades
Binance News - Venezuelan oil production will take decades to return to its peak of more than 3 million barrels a day, even as a deal with the US lifts near-term output, according to Bloomberg reported and Rystad Energy.
UK Maritime Trade Operations Office: Tanker Hit by Three Unknown Projectiles in the Strait of Hormuz
Binance News - According to Sina Finance, the UK Maritime Trade Operations Office said a tanker reported being struck by three unknown projectiles while transiting out of the Strait of Hormuz on August 31. The incident occurred 17 nautical miles east of Khasab, Oman, with no reports of casualties or environmental impact. Authorities are investigating.
GEOPOLITICS | Bessent Urges Japan to Raise Rates, NHK Reports
Binance News - US Treasury Secretary Scott Bessent told Japanese Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that Japan’s next step should be to raise interest rates, according to Bloomberg. NHK reported the comments, citing an interview with a US official.
GEOPOLITICS | Bessent Faces G20 Credibility Test After Interventionist Summer
Binance News - US Treasury Secretary Scott Bessent is facing pushback over his interventionist summer and questions about his credibility in financial markets, according to Bloomberg. Ahead of the Group of 20 finance ministers meeting in Asheville, North Carolina, on Monday, Bessent has said he wants to refocus talks among top economic policymakers on boosting growth. The article says the challenge is that this year’s biggest threats to global growth have included high energy prices and other consequences of US President Donald Trump’s war on Iran, along with the impact of US tariffs and a new trade war against Canada.
Australia's August S&P Global Manufacturing PMI Final Reading at 52
Binance News - According to Jin10, Australia's August S&P Global manufacturing PMI final reading was 52, unchanged from the previous reading of 52.
Dell Earnings Could Swing the Stock 11% This Week, a $52 Straddle Shows
BeInCrypto - Dell earnings land Tuesday. Options expiring Friday price an 11% swing, and analysts want AI margins, not just revenue. The post Dell Earnings Could Swing the Stock 11% This Week, a $52 Straddle Shows appeared first on BeInCrypto.
Tom Lee Predicts Bitcoin Surge Amid Market Anxiety Ahead of Fed Meeting
TheCurrencyAnalytics - Tom Lee thinks September fear is the trade. The Fundstrat strategist sees the current wave of market anxiety as a… Read the original on Tom Lee Predicts Bitcoin Could Soar to $150,000 Ahead of Fed Meeting. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
U.S. Treasury Secretary Bessent Tells Japan's Finance Minister and BOJ Governor Rate Hikes Are Needed
Binance News - According to a U.S. official, Treasury Secretary Scott Bessent told Japan's Finance Minister Satsuki Katayama and Bank of Japan Governor Kazuo Ueda that it was necessary to take steps toward raising interest rates. Bessent met Katayama and Ueda on the sidelines of the Group of 20 finance ministers and central bank governors meeting in North Carolina. He expected the Japanese government and the central bank to take measures that would push the yen higher.
PRECIOUS METALS | SPDR Gold Trust Holdings Hold Steady at 1,042.357 Tons
Binance News - According to Jin10, SPDR Gold Trust holdings stood at 1,042.357 tons, unchanged from the previous trading day.
STOCKS | U.S. Funding Costs May Stay Elevated Into Early September, Wells Fargo Says
Binance News - According to Wallstreetcn, the final trading day of August overnight repurchase agreements ended a period of stable funding conditions, even as heavy supply of short-term U.S. Treasury bills has been entering the market since last month. Wells Fargo strategists said the trend may continue into the first half of September, until before the tax deadline, after funding costs had stayed low because of insufficient supply, abundant cash in the market, and the availability of dealer intermediation before the Treasury began increasing short-term bill issuance in July.
Ares Raises ¥612 Billion for Japan Logistics Fund
Binance News - Ares Management Corp. has raised ¥612 billion ($3.8 billion) for its latest Japan-focused logistics development fund, according to Bloomberg. The closed-end vehicle is the largest institutional fundraise by Ares Management's real estate business.
Stock Futures Open Near Flat After August Gains
Binance News - According to CNBC, U.S. stock futures were little changed Monday night after a losing session, even as the major benchmarks posted monthly gains in August. Dow Jones Industrial Average futures rose 11 points, S&P 500 futures were up less than 0.1%, and Nasdaq-100 futures were flat. The S&P 500 gained 2.6% in August, the Nasdaq Composite rose 3.9%, and the Dow added 1.3% for its fifth straight monthly advance. Wall Street ended the month lower, with the Dow falling more than 370 points in regular trading as oil prices climbed and rates moved higher after the U.S. struck two rocket launchers on Iran's Larak Island. Goldman Sachs traders said the market was showing signs of nervousness, citing new American Association of Individual Investors sentiment survey data. Investors are also ...
Venezuelan Crude Exports Rebound in August as Trump Seeks More Control
Binance News - Venezuelan crude oil exports rebounded in August as the administration of US President Donald Trump sought greater control of the country’s oil sector, according to Bloomberg.
Japan 10-Year Bond Sale Tests Demand as Yield Nears 3%
Binance News - Japan’s Tuesday auction of 10-year government bonds will test demand for the benchmark maturity as yields approach 3%, according to Bloomberg. Investors are positioning for an interest-rate hike from the central bank.
STOCKS | Shein Set for Hong Kong Trading After $1.7 Billion IPO
Binance News - Shein Global Holdings Ltd. is set to begin trading in Hong Kong after raising HK$13.6 billion, according to Bloomberg. The initial public offering values the consumer company at $1.7 billion and will test investor appetite for stocks outside the artificial intelligence supply chain.
Australia Lifts Wheat Crop Forecast as Export Demand Rises
Binance News - Australia raised its wheat crop forecast after strong winter rains improved growing conditions, according to Bloomberg. The revision comes as the worsening Black Sea crisis is creating additional demand for Australian grain.
GEOPOLITICS | China Automakers Face Tighter Safety Scrutiny Over Faster Car Development
Binance News - Chinese automakers’ push to cut development times further is drawing closer scrutiny from regulators over safety and testing, according to Bloomberg. The industry’s breakneck pace is now facing a reality check as officials step up oversight of how vehicles are developed and tested.
Reckitt’s Mead Johnson Prevails in First Federal Infant Formula Trial
Binance News - A jury sided with Reckitt Benckiser Group Plc in the company’s first bellwether trial over claims that formula for premature babies is linked to a deadly bowel disease, according to Bloomberg. The case was part of a federal grouping of lawsuits alleging the product caused the illness.