Bitcoin.com - American Bitcoin generated $67 million in Q2 2026 revenue and maintained gross margins near 50% despite a 12% market drop in bitcoin price. Record Revenue and Production Growth American Bitcoin, a bitcoin accumulation platform linked to the Trump family, released its second-quarter 2026 financial and operational results Aug. 3. The company reported record quarterly bitcoin […]
Cryptopolitan - Strive (NASDAQ: ASST), American Bitcoin (NASDAQ: ABTC), and Bitmine (NYSE: BMNR) each increased their crypto treasuries, while Strategy sold 1,638 BTC for ~ $104.7 million to fund dividends and build its cash reserves. Strategy is the largest corporate Bitcoin holder. The difference in strategies reveals an already increasing gap between crypto’s biggest name and the...
Bitcoin.com - Bitcoin recovered from an intraday low of $62,216 to reach nearly $64,000, eventually settling between $63,680 to $63,929. Initial price declines were triggered by Strategy completing its sale of 1,638 bitcoins to fund preferred dividend payments and stock repurchases. Strategy Liquidation Weighs on Early Sentiment Bitcoin nearly tapped $64,000 on Monday as the cryptocurrency looked […]
cryptoDNES - South Africa's Reserve Bank introduces draft rules to regulate cross-border crypto transfers, aligning digital assets with existing exchange controls. The post South Africa Proposes New Rules for Cross-Border Crypto appeared first on CryptoDnes EN.
TheCurrencyAnalytics - XRP Ledger pushed a hotfix on July 31. The update, xrpld 3.2.1, came after the network’s nodes took a hit… Read the original on XRP Ledger Hotfix Patches Manifest Flood That Threatened 8.4 Million Accounts. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Decrypt - Flare's FXRP has been approved as collateral in a $280 million RLUSD lending vault, allowing XRP holders to tap Ethereum's lending markets.
Decrypt - Authoritarian oppression, corporate treasuries and “wrench attacks” make up the privacy case in a new report from ChangeNOW and CoinRabbit.
Bitcoin.com - Cryptocurrency exchange Bitget announced this week that it will stop serving customers in Japan, setting a Dec. 31, 2026, deadline after which any open trading positions will be closed automatically. The company disclosed the phased shutdown in official notices posted Aug. 2, 2026. As of Aug. 3, Japanese residents can no longer open new accounts […]
Cryptopolitan - Robinhood has joined a handful of companies licensed to offer crypto services in the United Kingdom. The Financial Conduct Authority (FCA) records show that Robinhood has been included in the country’s registry of approved crypto assets firms as of July 31. The listing confirms the crypto-friendly trading platform meets the FCA’s money-laundering requirements or MLRs,...
Decrypt - CKPool's developer put the winner's hashrate at a “wildly variable” peak of 100 PH, noting that it was probably rented.
BeInCrypto - Michael Saylor says he has never sold any of his own Bitcoin (BTC), not one satoshi. He published the defense hours after Strategy disclosed the sale of 1,638 coins. His slogan built a following among retail holders. His company runs a treasury that sells coins to cover bills. Michael Saylor Never Sold His Personal Bitcoin The post Michael Saylor: I Never Sold Bitcoin, MicroStrategy Did appeared first on BeInCrypto.
Binance News - Amazon.com Inc.’s cloud chief said customers are shifting from using its services to train AI models to integrating them into businesses, boosting demand for AI inference, according to Bloomberg. The comments suggest Amazon Web Services is seeing early traction as companies move AI from development into deployment.
Binance News - Amazon surged 15% after reporting better-than-expected revenue and cloud growth with its AWS segment expanding 37% year-over-year — the fastest cloud growth rate in 18 quarters — directly validating the AI infrastructure demand thesis that SK Hynix's 257% YoY revenue miss had called into question. Apple fell more than 9% despite stronger-than-expected fiscal third-quarter revenue driven by a 22% increase in iPhone sales, with supply shortage concerns overwhelming the beat. Reddit dropped 22% after CEO Steve Huffman said search referrals were choppy in the quarter despite beating on both top and bottom lines. Replimune Group surged more than 94% after an FDA advisory panel voted in favor of its RP1 drug trial results for a skin cancer indication, prompting a Wedbush upgrade. ...
Decrypt - The Hut 8 subsidiary increased its Bitcoin holdings by 14% in the second quarter even as Bitcoin’s price fell.
Binance News - India is seeking to sell at least a 2.5% stake in Life Insurance Corp. in a share sale aimed at helping it meet minimum public float rules, according to Bloomberg.
Binance News - CME has officially launched single-stock futures. According to Odaily, the announcement came from market sources. The update did not provide further details.
Binance News - According to Jin10, U.S. Honda reported July electric vehicle sales of 38,169 units.
Binance News - Standard Chartered's Suki Cooper said gold could resume its climb toward 5,000, citing central-bank demand, geopolitical uncertainty and portfolio diversification, according to Bloomberg. She added that gold's recent price resilience suggests the metal has established a durable floor despite higher yields and weak ETF positioning.
Binance News - Pimco President Christian Stracke said financing tied to digital infrastructure is still in its early innings, according to Bloomberg. Speaking on Bloomberg Open Interest, Stracke also discussed risks in the lending market, the private credit confidence gap and where he sees financing opportunities in the current environment.
Binance News - Nvidia released Vera CPU storage benchmark results showing that its NVIDIA BlueField-4 STX storage processor improved encryption, compression, integrity checking, and data recovery performance in AI-native storage. According to Odaily, the company said the benchmarks indicate stronger storage-path performance for workloads tied to Agentic AI. Nvidia said storage systems are becoming a key part of AI inference as AI agents perform knowledge retrieval, tool calls, long-term memory management, and larger-context processing. The company said many data tasks such as encryption, compression, checksums, and recovery are handled by CPUs and may become a ...
Binance News - According to Jin10, the head of Iraq's State Oil Marketing Organization (SOMO) said the tariff for transporting crude oil through Turkey is $1.62 per barrel.
Binance News - According to Jin10, Google announced that Google Cloud Cortex Framework version 7 is now generally available.
Binance News - Spider-Man: Brand New Day posted the biggest opening weekend in Hollywood history with $360 million in ticket sales, according to Bloomberg. The latest film starring Tom Holland drew fans to theaters as audiences looked to escape the summer heat and see the superhero with arachnid-like powers.
Binance News - According to CNBC, Hugging Face Chief Executive Clément Delangue said China is winning the artificial intelligence race with open-source models and could catch up to U.S. model makers as soon as this year. He said Chinese developers are dominating open models and may lead at the frontier by the end of this year or next year, while U.S. model makers are building in silos. Delangue made the comments on CNBC's "Squawk on the Street" on Monday.
Binance News - According to Jin10, Dell said new investors see opportunities in the scaling of its business.
Binance News - AWS CEO said the artificial intelligence business is moving from the training phase to the inference phase. According to ChainCatcher, the remark was reported by Jin10.
Binance News - SpaceX shares widened gains to 3.2% and were trading at $111.95, according to Jiemian News.
Binance News - Kepler, an international market services firm, said on social media on August 3 that daily ship traffic through the Strait of Hormuz fell for three straight days from July 31 to August 2, with 23 vessels, 11 vessels and 9 vessels passing through, according to Jiemian News. On August 2, 7 of the 9 vessels transiting the Strait of Hormuz used the Iranian-side channel. Kepler also said 30 vessels passed through the Bab el-Mandeb Strait on August 2, including 20 sailing out of the Red Sea and 10 heading into it, while the number of vessels sailing dark with automatic identification systems turned off fell to 1. The firm said ship operators should continue to treat both the Strait of Hormuz and the Bab el-Mandeb as risky sea lanes until there is a clear navigation arrangement.
TheCurrencyAnalytics - South Korean exchange Bithumb wants to go public by 2028. The plan calls for filing a preliminary listing review in… Read the original on Bithumb Eyes 2028 Stock Listing After 620,000 Bitcoin Crediting Blunder. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - Bristol-Myers Squibb shares surged after Bloomberg reported AstraZeneca is exploring a possible acquisition of the drugmaker. AstraZeneca shares were lower on the report. Tyson fell after reporting a 3Q sales shortfall, including a 16% drop in beef sales volume, and cutting its full-year total company and beef profit forecasts, according to Bloomberg. SpaceX shares also moved as investors awaited the company's first earnings report as a public company.
Binance News - UBS Financial Services Inc., a unit of UBS Group AG, agreed to pay $125 million to settle US government allegations that it willfully and repeatedly violated anti-money laundering rules, according to Bloomberg. The fines resolve claims tied to the alleged compliance failures at the brokerage subsidiary.
U.Today - Michael Saylor is still boosting his company's cash reserves after it stopped buying Bitcoin for about six weeks amid the prolonged crypto market downturn. Michael Saylor is still boosting his company's cash reserves after it stopped buying Bitcoin for about six weeks amid the prolonged crypto market downturn.
Cryptopolitan - The Trump-backed Bitcoin treasury and mining American Bitcoin (ABTC) ended Q2 2026 at a loss, despite better results than in the previous quarter. The company posted a net loss of $57.2 million in the three months to June 30, down from roughly $82 million reported in Q1. American Bitcoin generated $67.0 million in mining revenue...
Binance News - Matt Prusak, president and interim chief financial officer of American Bitcoin, said he will leave the Trump family-linked bitcoin miner effective August 4 and join AI and energy infrastructure developer Giga Energy as chief business officer and interim chief financial officer. According to Foresight News, Prusak said he is moving from years of building bitcoin businesses to upstream power infrastructure, which he described as a constraint on mining and AI compute growth. American Bitcoin was co-founded by Eric Trump and backed by Hut 8. Prusak had been one of the company’s public advocates for its bitcoin treasury strategy, ...
Binance News - According to Jin10, the head of Iraq's State Oil Marketing Organization (SOMO) said Iraq sold 35.5 million barrels of crude from southern ports and 7 million barrels from the Ceyhan terminal in July.
Binance News - AstraZeneca shares plunged Monday after reports the drugmaker was exploring an acquisition of Bristol Myers Squibb, according to Bloomberg. Bloomberg Intelligence’s Sam Fazeli said a takeover would make no sense, even though a deal would create one of the world’s biggest drugmakers.
Binance News - According to CNBC, Jim Cramer's Charitable Trust is selling 90 shares of Dover at roughly $204 and buying 60 shares of Johnson & Johnson at roughly $253. After the trades, the portfolio will hold 195 shares of DOV, reducing Dover's weighting to 1% from about 1.5%, and 400 shares of JNJ, lifting Johnson & Johnson's weighting to about 2.55% from 2.15%. The trust said it is trimming Dover after a mixed quarter that included a production ramp-up issue in its CO2 refrigeration business and a manufacturing consolidation, and it plans to use the proceeds to add Johnson & Johnson after the stock pulled back from the high $260s in early July to around $252 on Monday. It also said it is looking to buy more Intel shares when trading restrictions are lifted and is considering ...
Binance News - According to Jin10, the award rate allocation ratio for the U.S. 6-month Treasury auction to August 3 was 65.4%, compared with 36.13% previously.
Binance News - South Korea's Financial Services Commission completed a structural risk review before approving the launch of a single-stock leveraged ETF, but did not conduct a stress test on the specific product or simulate market shocks from a sharp decline in core heavyweight stocks such as Samsung Electronics and SK Hynix. According to PANews, lawmaker Park Sung-hoon’s office disclosed on August 3 that the risk analysis materials submitted by the FSC mainly included internal product risk review documents, trading data for individual stocks, and a previous research report by the Korea Capital Market Institute on leveraged and inverse ETFs. ...
Binance News - U.S. President Donald Trump said the Strait of Hormuz is controlled by the U.S. Navy. According to ChainCatcher, Trump made the remark in comments reported by Jin10.
Binance News - 117 Partners founder Thomas Braziel, who has worked on claims in several crypto bankruptcy cases including FTX, Mt. Gox, and Celsius, outlined two parallel recovery paths following the Coinkite security incident involving Coldcard manufacturer Coinkite. According to Foresight News, Braziel said the goal is to maximize recovery for victims. The first path is a product liability lawsuit against Coinkite in Canada, based on the argument that the company should not have sold a defective security product that caused major losses to customers. If the facts are established, the proposed class action would likely use a contingency fee model of about 33%, ...
Decrypt - The crypto treasury company says it added another 10,399 ETH last week, bringing its holdings to nearly 5.8 million ETH as it pushes toward its goal of owning 5% of Ethereum's circulating supply.
U.Today - BlackRock's IBIT liquidates $122 million in Bitcoin via Coinbase as annual returns plunge 45.62%. BlackRock's IBIT liquidates $122 million in Bitcoin via Coinbase as annual returns plunge 45.62%.
TheCurrencyAnalytics - Strategy dumped 1,638 Bitcoin between July 27 and Sunday. The sale brought in $104.7 million at an average price of… Read the original on Strategy Sells 1,638 Bitcoin for $104.7M to Cover Dividends and Buy Back STRC Stock. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
CryptoPotato - Users can convert their XRP into FXRP and use it as collateral on Ethereum to borrow RLUSD without selling their holdings.
BeInCrypto - SanDisk (SNDK) RSI drops to April 2025 lows as the stock fights $1,244 support days before Q4 earnings on August 5. The post SanDisk’s Chart Just Repeated Its April 2025 Setup — Days Before Earnings appeared first on BeInCrypto.
BeInCrypto - Palantir could beat with $1.9 billion in Q2 revenue. Yet options point to an 11% swing in Palantir stock. The post Palantir Stock Could Swing 11% Tonight Even With a $1.9 Billion Beat appeared first on BeInCrypto.
Cryptopolitan - Bithumb’s ambitions of having a public listing have not been shelved despite its recent troubles with regulators, which saw it get fined alongside a suspension and an accidental Bitcoin payout that was once valued at $43 billion. The second-largest crypto exchange in South Korea has informed its shareholders that it will be putting measures in...
CryptoSlate - New keys, saved histories, closed margin loans and an Aug. 28 opt-out boundary precede the estimated cutover. The post How Coinbase plans to force-settle and instantly recreate institutional positions on Deribit within a 30-minute window appeared first on CryptoSlate.
BeInCrypto - Alibaba launched Qwen3.8-Max on Monday with its first published benchmarks, and the model ranked fourth on Arena’s Frontend Code leaderboard. Only Claude Opus 5 and Moonshot’s Kimi K3 scored higher in the test. The 2.4 trillion-parameter model exits its July preview with 95 billion active parameters, a 1 million-token context window, and public API pricing. The post How Alibaba’s New Qwen3.8-Max Stacks Up Against US AI Giants appeared first on BeInCrypto.
CoinTelegraph - The US and Japan coordinate on the yen for the first time since 2011 as Bitcoin traders brace for a historically rough August.
BeInCrypto - BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the appointment of Kevin Lee as Chief Strategy Officer (CSO). In this role, Kevin will lead the company’s long-term strategy across platform development, business growth, and ecosystem expansion, helping align innovation with evolving market opportunities and user needs. The appointment comes as BingX continues to The post BingX Appoints Kevin Lee as Chief Strategy Officer to Accelerate its Multi-Asset, User-Centric Vision appeared first on BeInCrypto.
Cryptopolitan - Strategy (NASDAQ: MSTR) entered yet another week without announcing a Bitcoin purchase. Instead, the leading corporate Bitcoin holder sold 1,638 Bitcoins (BTC) for about $104.7 million during the week of July 27 and August 2. Strategy sold the latest batch at around $63,957 per coin, more than $10,000 below the almost $75,500 it paid on...
CryptoPotato - Chairman Tom Lee argued that ETH's recent outperformance signals strengthening crypto fundamentals.
Cryptopolitan - ZeroStack fears it may not have enough cash to operate for another year, as its 0G token treasury sinks 91%. The Nasdaq-listed company told the U.S. Securities and Exchange Commission (SEC) Friday that there is substantial doubt about its ability to keep operating as a going concern for the next 12 months. In the filing,...
Bitcoin.com - South Korean cryptocurrency exchange Bithumb has put dates behind its long-discussed public listing, outlining a three-stage plan that targets an initial public offering in 2028. Rather than promising a quick path to market, the roadmap published by the South Korean exchange focuses on the less glamorous work that typically determines whether an exchange is ready […]
Cryptopolitan - Ant Group’s (HK: 6688) Lingbo Technologies recently started its first external funding round, aiming to raise 1.5 billion yuan ($206 million). The company intends to hold a second funding round before the end of 2026, which would make it the fastest funding round of any startup in China’s robot-brain sector. Why is Lingbo focusing on...
Decrypt - Half the proceeds funded preferred dividends and half went into an $81 million STRC buyback, its second in as many weeks.
CoinTelegraph - Michael Saylor’s Strategy sold 1,638 Bitcoin in its second-largest sale of the year to fund dividend payments and repurchase its preferred STRC stock.
U.Today - Michael Saylor's Strategy has sold another 1,637 Bitcoin worth approximately $102.3 million. Michael Saylor's Strategy has sold another 1,637 Bitcoin worth approximately $102.3 million.
CoinTelegraph - The South Korean exchange plans to seek preliminary listing review in 2027 while overhauling controls after a February crediting error.
CryptoPotato - MicroStrategy sold over 1,600 BTC last week. It also expanded its cash reserves and bought back more STRC.
Bitcoin.com - Strategy has completed its third bitcoin sale of 2026, raising its U.S. dollar reserve to $4 billion while maintaining one of the largest bitcoin treasuries in the world with 842,138 BTC. Strategy Adjusts Treasury Without Abandoning Bitcoin Executive Chairman Michael Saylor announced Monday that Strategy increased its USD reserve by $250 million and repurchased $81 […]
CoinPaprika - The U.S. Senate's published floor schedule for Monday, 3 August 2026 lists no action on the CLARITY Act. Its only roll-call vote covers a stopgap funding bill, leaving five days before the August recess.
Cryptopolitan - The U.S. dollar slid from above 163 yen to around 156 after Washington and Tokyo confirmed joint intervention. Japan is trying to curb the yen’s inflationary weakness, while the U.S. also sees economic and trade benefits. Tokyo plans to use the Fed’s FIMA repo facility, avoiding Treasury sales that could disrupt U.S. funding markets. The...
Cryptopolitan - AI receptionists are a growing industry - in this guide, we will compare the fair pricing of each one, based on real per-minute or subscription rates.
CoinTelegraph - Trump-linked Bitcoin miner produced a record 932 BTC in the second quarter, lifting mining revenue 8% as its net loss narrowed from the previous quarter.
Decrypt - The exchange plans to file for preliminary listing review in 2027, after switching to international accounting standards this year.
TheCurrencyAnalytics - The clock is running out. The U.S. Senate’s schedule this week doesn’t include the Digital Asset Market Clarity Act, leaving… Read the original on Senate CLARITY Act Stalls With 5 Days Left Before Recess and Galaxy Cuts Odds to 30%. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
CoinPaprika - An unlicensed Dubai exchange called Shelbit moved at least $676 million to Binance wallets since May 2024, a Reuters investigation found. Binance said Shelbit never held an account and disputed the figures.
CryptoPotato - The yen carry trade has supported risk assets for years, but a reversal could trigger forced crypto selling.
Decrypt - Transfers of less than 1 BTC hit levels last seen days after the FTX collapse, while Galaxy Research flagged a likely fourth wave of thefts.
Cryptopolitan - Decentralized exchanges have been chipping away at the volume from centralized platforms for a while now and ever since April of last year, this ratio has consistently been in the double digits territory. Last month, onchain trading took its largest bite out of CEX volume. According to the Block’s DEX to CEX spot trade volume,...
CryptoSlate - The CLARITY Act enters the Senate's final scheduled week before the August recess. Monday's floor schedule opens with H.R. 6500, a government funding vehicle, and CLARITY has yet to appear on the schedule. Negotiators are still working through disputes over government ethics and stablecoin rewards, and prediction markets price the odds of the bill becoming […] The post Five days, a 30% chance, and a battle over Trump’s crypto profits: Inside the Senate’s scramble to pass CLARITY Act before Friday appeared first on CryptoSlate.
TheCurrencyAnalytics - The FCA just made life cheaper for roughly 400 financial firms. New rules cutting transaction reporting requirements are set to… Read the original on FCA Slashes Transaction Reporting Fields From 65 to 52, Saving 400 Firms £108 Million a Year. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
CoinTelegraph - HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank.
U.Today - Former Ripple CTO David Schwartz rejects paper wallets after the Coldcard hack, revealing a 'nuclear briefcase' trick to secure Bitcoin inheritance. Former Ripple CTO David Schwartz rejects paper wallets after the Coldcard hack, revealing a 'nuclear briefcase' trick to secure Bitcoin inheritance.
Cryptopolitan - Alibaba Group Holding Ltd. debuted Qwen3.8-Max, its latest AI model, ahead of next week’s planned open-weight release to the public. The new model features 2.4 trillion parameters and outperforms Moonshot’s newly launched Kimi K3 on multiple benchmarks. It also marks the company’s return to its open-source roots after several of its top-tier AI models were...
TheCurrencyAnalytics - Crypto markets moved through a quiet weekend with limited volatility and modest price action. Bitcoin and Ethereum both posted small… Read the original on Weekend Crypto Calm Sets Stage for Week Ahead Narratives. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - According to the announcement from Binance, Binance Earn is opening the August Monthly Leaderboard for Dual Investment users, with rewards of up to 5,888 USDC available through Dual Investment subscriptions. The promotion period runs from 2026-08-03 06:00 (UTC) to 2026-08-31 23:59 (UTC), and eligible users will be ranked according to their average Dual Investment subscription amount during that period. To qualify, the subscription period must be longer than 3 days. Users who confirm participation and rank among the top 100 can receive rewards in the form of a Dual Investment subscription. The reward structure places 1st at 5,888 USDC, 2nd to 3rd at 2,188 USDC, 4th to 5th at 1,088 USDC, 6th to 10th at 588 USDC, 11th to 20th at 288 USDC, 21st to 40th at 128 USDC, 41st to 70th at ...
Binance News - According to Jin10, Tiantancha App showed that ChangXin Memory Technologies Co., Ltd. recently completed a business registration change, raising its registered capital from about 23.89 billion yuan to about 31.39 billion yuan, an increase of about 31%. The company was founded in November 2017, its legal representative is Wu Liying, and its business scope includes integrated circuit design and the manufacturing of integrated circuit chips and products. It is wholly owned by Changxin Technology Group Co., Ltd.
Binance News - Placeholder partner Chris Burniske said he is not a stock expert but believes the “curse has been broken.” He described the recent sharp rebounds as a dead cat bounce. According to Foresight News, a dead cat bounce refers to a brief, seemingly strong rebound during a broader downtrend, but one that lacks fundamental support and sustained buying, often followed by another decline or a new low. He said he expects crypto to be hit earlier, but also to bottom before the stock market.
Binance News - Morgan Stanley raised South Korea equities to overweight and said the KOSPI could climb 36% to 9,000 after a leverage-driven selloff, according to BeInCrypto, with strategists led by Daniel K Blake calling the decline largely technical. The bank said it is past the midpoint of unwinding leveraged ETFs, hedge fund leverage and retail margin, and also upgraded Thai equities while cutting Australia to underweight.
Binance News - Elon Musk said AI is a “supersonic tsunami” and posted a chart showing growth breaking out since spring 2026, with November 2024 marked “it’s so over.” According to BeInCrypto, the chart runs from July 2023 through July 2026 and was shared on X on Monday. Musk tied the view to xAI’s recent momentum, including Grok 4.5’s benchmark results and plans to use SpaceX engineering data for future training.
Binance News - BP confirmed Friday it is selling its North Sea oil business, ending 60 years of regional production, and said the unit has five production hubs and about 1,100 workers. According to BeInCrypto, the move comes as UK Prime Minister Andy Burnham signals a “pragmatic approach” to North Sea oil and gas after telling Donald Trump the UK cannot ignore existing resources. BP CEO Meg O’Neill said the sale fits a shift toward “highest-value opportunities.” The deal could fetch up to £2 billion.
TheCurrencyAnalytics - Coldcard stopped shipping devices. All of them. The halt came after a critical flaw in the wallet’s seed-generation process drained… Read the original on Coldcard’s $90 Million Bitcoin Loss Exposes Hardware Wallet Security Gap. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Binance News - Morgan Stanley said Xiaomi Group will report its second-quarter results on August 18 and expects strong smartphone shipments and gross margin performance. According to Jin10, the bank said Xiaomi's second-quarter smartphone shipments reached 31.2 million units, 15% above its forecast, and kept its overweight rating and HK$32 target price. Morgan Stanley also expects Xiaomi's quarterly total revenue to exceed 100 billion yuan, with recurring net profit of about 6 billion yuan. It said the smartphone gross margin could remain above 8% in the second quarter, mainly reflecting the pass-through effect of rising costs.
Binance News - According to Yonhap, average prices for conventional dynamic random-access memory (DRAM) and NAND flash products hit monthly record highs in July as demand from artificial intelligence (AI) remained strong. DRAMeXchange data showed the average fixed contract price of benchmark DRAM products for PCs rose 14.3% from the previous month to $24, the highest level since the tracker began compiling the data in June 2016. NAND flash prices also kept climbing, with the average price of benchmark products topping $30 last month. The sharpest gains came from single-level cell NAND products, whose average selling prices rose 35% to 51% from the previous month as memory suppliers shifted production capacity toward high-layer 3D NAND and advanced manufacturing processes amid AI-related demand. ...
Binance News - Ant Group’s embodied intelligence company, Lingbo Technology, has started its first financing round and plans to raise 1.5 billion yuan. According to Odaily, the company aims to complete a second round of financing by the end of this year. The report said that if the financing is completed on schedule, it would surpass the fundraising speed of startups in the embodied intelligence sector. Lingbo’s public demonstrations over the past year have shown a broad layout that includes Vision, Depth, Mapping, Video, WorldModel, VA, and VLA.
Binance News - According to Jin10, Switzerland's July CPI fell 0.1% month over month, matching expectations and following a flat reading in the previous period.
Binance News - Switzerland's July CPI rose 0.4% year on year, in line with expectations and down from 0.50% previously. According to Jin10, the expected reading was 0.40%.
Binance News - Bitcoin treasury company Capital B said it bought 1 bitcoin for 6 million euros and now holds 3,140 bitcoin, with a year-to-date bitcoin yield of 2.13%. According to Odaily, Capital B also announced the conversion of 14,195,352 OCA B-01 shares held by Blockstream Capital Partners into bitcoin held by Capital B.
TheCurrencyAnalytics - La Rosa Holdings filed its Q1 report late. Inside: a real estate services company sitting on $8.14 million in digital… Read the original on La Rosa Holdings Carries $8.14M in Crypto While Bleeding $13.5M in a Single Quarter. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
CoinTelegraph - The five-year bug escaped detection because auditors verified that the intended random number generator existed, but not that it was being called.
Binance News - Goldman Sachs raised Samsung Electronics' 12-month target price from 480,000 won to 490,000 won and lifted its 2026 to 2028 earnings per share estimates by about 2%. According to Jin10, the bank said Samsung Electronics' second-quarter operating profit matched expectations, memory demand is expected to far outstrip supply, and the gap will widen in 2027 while supply remains tight in 2028. Goldman Sachs also said the company has signed long-term agreements with major data center clients, providing better earnings visibility and downside protection. It added that Samsung Electronics aims to become a leader in the AI memory market, with HBM4 expected to account for more than 60% of HBM revenue in ...
Binance News - According to Yonhap, online shopping sales in South Korea rose about 10% from a year earlier in June, driven by stronger demand for mobile devices and automobiles. The value of online shopping transactions reached 24.6 trillion won ($17 billion), up 2.3 trillion won from a year earlier, according to data from South Korea's Ministry of Data and Statistics. Sales of mobile devices more than doubled to 892.4 billion won, apparently helped by promotional events by Samsung Electronics, while spending on automobiles and related products jumped 56.8% to 1.19 trillion won on strong sales of Tesla EVs. Spending on food products, including agricultural and fishery goods, increased 11% to 4.6 trillion won, cosmetic products rose 9.9% to 1.26 trillion won, and food delivery services ...
Binance News - China's securities regulator and the Hong Kong Securities and Futures Commission jointly announced a series of new measures to deepen practical cooperation and closer coordination between the two markets, according to 36Kr. The measures cover listing and fundraising, index cooperation, futures products, exchange-traded funds, the international expansion of financial institutions, green finance, and easier access to professional qualifications. They include continued support for eligible mainland companies to list and raise funds in Hong Kong, support for eligible Hong Kong-listed companies to pursue mainland listings, and support for eligible Hong Kong firms to issue bonds on the mainland. The two sides will also encourage index providers to work more ...
Binance News - Chinese internet shares rose on August 3, with Alibaba Group Holding-W up more than 5.56%, Baidu Group-SW up 3.02% and Tencent Holdings and Bilibili also advancing. China Merchants' China Internet ETF (513220) gapped higher and rose more than 1.90% intraday, with turnover above 25 million yuan and turnover rate at 3.86%, according to Jiemian News. The rally was supported by three catalysts: domestic large-model and AI application advances, valuation recovery and expectations that earnings will start to show payback. DeepSeek-V4-Flash launched a public beta on July 31, and China's National Supercomputing Internet also opened API access. OpenRouter's ...
Binance News - China Securities Regulatory Commission Chairman Wu Qing said at a five-year China government bond futures listing ceremony at Hong Kong Exchanges and Clearing that the CSRC is working with Hong Kong authorities to accelerate preparations for the RMB stock trading counter and the inclusion of REITs in Stock Connect, according to Jiemian News. He said the bridge between the two markets will become wider, more stable and smoother.
Binance News - Alibaba Group Holding Ltd. has released its latest flagship AI model, claiming performance that puts it alongside global leaders such as Anthropic’s Fable, according to Bloomberg.