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77587
US targets global finance; Pantera calls bond buyback a bluff; Bitcoin price target cut to $97,500.
Filecoin bondit de 15,41% tandis que Flare chute de 7,72% dans un marché en mutation
TheCurrencyAnalytics - Filecoin a bondi de 15,41% à $0,7962, en tête des hausses. Pendant ce temps, Flare a chuté de 7,72% à $0,006557, enregistrant la plus grande perte du jour selon CoinGecko. Read the original on Filecoin bondit de 15,41% tandis que Flare chute de 7,72% dans un marché en mutation. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
US Operation Economic Outcast Targets Global Financial Lifelines
Bitcoin.com - Operation Economic Outcast is preparing to expand its banking offensive, with Treasury Secretary Scott Bessent saying the U.S. plans to sanction another bank. The planned action follows FinCEN’s proposal targeting Banque Misr UAE. How Treasury Uses Dollar Access as Leverage Operation Economic Outcast is preparing to expand its pressure on foreign financial institutions. Bessent told […]
Trump Jr. Now Profits From Both Sides of the US Kalshi, Polymarket Rivalry
BeInCrypto - Trump Jr. holds a paid Kalshi advisory role and Polymarket investment, tying his finances to both prediction market rivals. The post Trump Jr. Now Profits From Both Sides of the US Kalshi, Polymarket Rivalry appeared first on BeInCrypto.
Pantera's Dan Morehead Calls Bessent's Bond Buyback a ‘Bluff' That Backfired
BeInCrypto - Pantera's Dan Morehead says Bessent's Treasury buyback bluff backfired, fueling Bitcoin's 26% August rally. The post Pantera's Dan Morehead Calls Bessent's Bond Buyback a ‘Bluff' That Backfired appeared first on BeInCrypto.
STOCKS | MMG Sees Three Cross Trades Totaling 17.74 Million Shares
Binance News - MMG (01208) recorded three cross trades at 10:54 AM, 10:55 AM and 10:56 AM, involving a combined 17.74 million shares for HK$159 million, according to ETNet. The trades were done at HK$8.987 to HK$8.99 a share, 4.8% below the previous close. MMG was last down 4.9% at HK$8.985, with turnover of 38.92 million shares worth HK$350 million. Active buying and selling stood at 33:67, with net active selling of HK$55.96 million.
STOCKS | MMG Falls 4.9% After Cross Trades Total 20.2 Million Shares
Binance News - MMG (01208) fell 4.9% to HK$8.98 after a series of cross trades, according to ETNet. The miner recorded six cross trades involving a total of 20.2 million shares for HK$182 million. The deals were executed at HK$8.987 and HK$8.99 a share, or 4.8% below the previous close. Turnover reached 40.95 million shares worth HK$368 million, with active buying and selling at 33:67 and net active selling of HK$56.46 million.
TD Cowen Cuts Bitcoin 2026 Price Target to $97,500
Binance News - TD Cowen analyst Lance Vitanza set a year-end 2026 Bitcoin price target of $97,500, implying about 25% upside from recent levels near $78,000. According to ChainCatcher, the firm also lowered its prior year-end 2026 base-case forecast from about $140,000 to about $100,000 and sharply reduced its more bullish long-term outlook. Vitanza said the downgrade was driven mainly by recent weakness in Bitcoin’s price, not by deterioration in the company’s fundamentals or market structure. TD Cowen said Bitcoin has traded recently in a range of about $58,400 to $78,000, after falling more than 50% from its previous high above $126,000, with ...
STOCKS | Centec Communications Plans Share Placement To Raise Up To RMB 4.805 Billion
Binance News - Centec Communications (688702) said on Sept. 1 that it plans to issue up to 41 million A shares to no more than 35 specific investors and raise up to RMB 4.805 billion, according to ETNet. Net proceeds, after issuance costs, will be used for next-generation high-performance switching chip research and industrialisation, next-generation interconnect software, hardware and protocol research, and working capital. The company said the offering is aimed at improving its high-bandwidth, high-performance switching chip product matrix and building full-scenario computing service capabilities. ...
Nvidia Partner Draws Heavy Demand for Asia GPU-Backed Loan
Binance News - GMI Cloud, an Nvidia Corp. partner, secured commitments for more than twice the amount it was seeking for a loan backed by sales of computing power from advanced chips, according to Bloomberg. The deal is one of the first of its kind in Asia.
Kalshi Seeks Approval for Forex and Interest Rate Perpetual Contracts
Binance News - Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates, according to Andy Ross, the company’s head of institutional business. According to Foresight News, the filing was made on Monday and had not appeared in the U.S. Commodity Futures Trading Commission’s public records system by Tuesday afternoon. The CFTC approved Kalshi’s bitcoin perpetual contracts in May, after which the platform introduced ETH and XRP perpetual contracts. Kalshi has since expanded perpetual contracts beyond crypto, filing applications in July for gold, silver and platinum perpetual contracts, and on August 18 for U.S. large-cap stock ...
Kalshi Seeks Approval for FX and Interest Rate Perpetual Contracts
Binance News - Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates, according to Andy Ross, who heads the company’s institutional business. According to Odaily, the filing was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission’s public records system by Tuesday afternoon. The CFTC approved Kalshi to list Bitcoin perpetual contracts in May, after which the platform introduced ETH and XRP perpetual contracts. Kalshi later expanded perpetual contracts beyond crypto, filing applications in July for gold, silver and platinum contracts, and on August 18 for U.S. large-cap stock index and ...
Zhipu Opens Official Tmall Flagship Store to Sell Coding Plan Packages
Binance News - Zhipu, a domestic large-model developer, has opened an official flagship store on Tmall and is selling products including Coding Plan packages on September 2. According to ChainCatcher, the store currently offers personal Lite, Pro, and Max subscription tiers that can be purchased monthly, quarterly, or annually. Token purchases may also be completed on the e-commerce platform in the future.
Former ByteDance and Tencent Robotics X Expert Sun Pengbo Joins Stardust Intelligence
Binance News - Dr. Sun Pengbo, a former reinforcement learning expert at ByteDance and former head of Tencent Robotics X's agent center, has officially joined Stardust Intelligence, where he will focus on robot reinforcement learning research and application development, according to Jiemian News.
U.S. Energy Secretary Says Venezuela Oil Output Will More Than Double in Coming Years
Binance News - According to Jin10, U.S. Energy Secretary Wright said after arriving in Venezuela on Tuesday that related agreements to be signed in Caracas on Wednesday by U.S. and other countries' oil companies will push Venezuelan crude output to more than double in the coming years. He said the investments covered by these agreements will significantly increase the amount of oil available for supply and put downward pressure on oil prices. Wright also said the biggest bottleneck for gasoline and diesel prices is refining capacity, and that U.S. gasoline prices are expected to fall in the coming weeks thanks to the Trump administration's easing of refinery regulations.
STOCKS | UBS Upgrades Leapmotor To Buy, Keeps HK$50 Target Price
Binance News - UBS upgraded Leapmotor (09863) to Buy from Neutral and kept its target price at HK$50, according to ETNet. The broker said Leapmotor shares fell 15% in the six trading days after its interim results, leaving the market already pricing in concerns over lower 2026 earnings expectations and industry-wide margin pressure. UBS said the selloff has made the risk-reward profile more attractive, with downside largely reflected and several potential catalysts ahead, including faster sales momentum, a new technology launch in September, and greater visibility on a second brand and strategic partnerships. ...
AI TRENDS | Alibaba Updates Qwen3.8-Max, Tops CodeArena With 1,691 Points
Binance News - According to Wallstreetcn, Alibaba updated its flagship Qwen3.8-Max model on September 2, with performance significantly improved over the previous version after post-training focused on coding and professional office tasks. In the CodeArena benchmark for front-end coding, Qwen3.8-Max rose 22 points to 1,691, ranking first overall ahead of Claude Opus5 and Kimi K3, while the updated model's average cost was $5 per million tokens on CodeArena's value-for-money list.
Sino Land Target Price Cut To HK$11.3 By CLSA
Binance News - CLSA cut its target price on Sino Land (00083) to HK$11.3 from HK$12.1 and kept an Outperform rating, saying the developer's 2026 fiscal-year underlying profit met its forecast and operating performance remained resilient, according to ETNet. The broker said Sino Land's growing net cash position gives it a more distinctive value proposition versus peers, with enough flexibility to pursue investment opportunities and cushion potential interest-rate headwinds. It lowered its 2027/28 comparable earnings forecasts by 3.0% and 8.2% to reflect changes in project completion timing. ...
STOCKS | Singularity Future Technology Jumps 20% To One-Month High
Binance News - Singularity Future Technology Group (01280) rose 20% to HK$1.95, a one-month high, with turnover of 24.3 million shares worth HK$34.41 million, according to ETNet. The stock traded between HK$1.62 and HK$1.95. Active buying accounted for 74% of volume versus 26% on the sell side, with net active buying of HK$770,400. IMC Asia Pacific was the largest net passive buyer at HK$152,300, while Bright Smart Securities was the largest net passive seller at HK$94,700.
STOCKS | Morgan Stanley Keeps Sino Land At Equal-Weight, Sets HK$12 Target
Binance News - Morgan Stanley kept Sino Land (00083) at Equal-Weight with a HK$12 target price, according to ETNet. The broker said Sino Land's rental EBIT should be broadly flat in the second half of fiscal 2025-26, supported by strong residential demand, stable office performance and improving retail conditions. Overall occupancy rose 0.5 percentage point to 90% as of June 2026. Morgan Stanley also said the company may allocate more capital expenditure to asset enhancement projects in the coming years. It expects negative returns from ...
STOCKS | Bright Future Holdings Surges 15% To Record High
Binance News - Bright Future Holdings (03774) rose more than 15% to a record high of HK$27.7, according to ETNet. The stock hit an intraday low of HK$24.58 and traded 230,000 shares worth HK$6.0006 million. It had a net active buy of HK$1.447 million, with an active buy-sell ratio of 63:37. The shares have risen for three straight sessions, gaining 22% over that period.
STOCKS | Baidu Falls 2.7% As CFO Sees AI Returns Matching Search
Binance News - Baidu (09888) fell 2.7% to HK$91.2, extending its losing streak to two sessions with a cumulative decline of 5.2%, according to ETNet. The stock traded about 2.08 million shares, worth HK$191 million. The weakness came as global long-dated bond yields stayed elevated and technology shares softened. U.S. 10-year and 30-year Treasury yields rose, while Japan's 10-year yield climbed above 3% for the first time since 1996 and Britain's 30-year gilt yield hit its highest level since 1998. Separately, Baidu CFO He Haijian said the company's investment in artificial ...
Hong Kong China Travel Maintained At Buy By Citi, Target Raised To HK$1.50
Binance News - Citi kept Hong Kong China Travel (00308) at Buy and nudged its target price up from HK$1.49 to HK$1.50, according to ETNet. The broker said Hong Kong China Travel's first-half 2026 segment profit of HK$176 million was in line with expectations, while revenue rose 13% year on year to HK$2.06 billion. Net profit came in at HK$112 million, hit by a HK$91 million fair-value loss on investment properties. Interim dividend was 1 HK cent, or a 49% payout ratio, slightly above Citi's 40% forecast. The company said it would keep a relatively high payout ratio even after a ...
Ito En Shares Surge More Than 8% After First-Quarter Profit Beats Citi Forecast
Binance News - According to CNBC, Japanese beverage maker Ito En's shares jumped more than 8% Wednesday after the company reported fiscal first-quarter results that beat Citi's expectations. Ito En posted operating profit of 10.2 billion yen ($63.7 million) for the three months from May through July, up 22% from a year earlier, while revenue rose 3.3% to 135.18 billion yen. The company said more than half of the 2.5 billion yen profit beat came from its vending machine business, which delivered a 4% operating profit margin after Ito En integrated its vending machine-related businesses in May to improve profitability and efficiency. Citi said the results were positive for the shares and noted that the May-to-July period is the peak demand season for soft drinks. Ito En also said operating ...
STOCKS | BofA Reiterates Buy On Kuaishou, Sees Upside From Kling AI
Binance News - Bank of America reiterated its Buy rating on Kuaishou (01024) and kept its target price at HK$53, saying the stock offers attractive risk-reward and trades near a cyclical low in valuation, according to ETNet. The report said Kuaishou's Kling AI completed a new funding round at a valuation of $18 billion, with Kuaishou holding a 68% stake. That implies about $12 billion of Kling asset value for Kuaishou. As of June 2026, Kuaishou had $13 billion in net cash. On that basis, the company has a $25 billion valuation foundation, while its current market capitalisation is about 25% below that level. ...
STOCKS | South Korean Stocks Fall More Than 3% as U.S.-Iran Conflict Escalates
Binance News - According to Jin10, South Korean stocks fell more than 3% on Wednesday as the escalation in the U.S.-Iran conflict pushed up bond yields and pressured equities. U.S. airstrikes on Iran on Tuesday triggered Iranian retaliation, marking the most severe escalation in weeks. Kiwoom Securities analysts said market sensitivity to macro variables such as oil prices and bond yields has increased. Data showed South Korea's consumer inflation rate accelerated in August due to a low base effect from the same period last year, but came in below market expectations. Among heavyweight stocks, Samsung Electronics, SK Hynix, and LG Energy Solution fell more than 3%, while Hyundai Motor and Kia fell more than 5%. Of the 907 stocks traded, 150 rose and 731 fell, while ...
Huaxing Securities Appoints Zhao Kai as General Manager
Binance News - Huaxing Securities Co. Ltd. announced on September 2 that it has appointed Zhao Kai as general manager, according to Jiemian News. Zhao has a background in both semiconductors and finance: before entering the financial industry, he worked at Texas Instruments as a sales manager and had five years of industry experience. He entered the securities industry in 2011, serving as vice president in CITIC Securities' investment banking information and media team and later as head of the internet and information technology division at Zhongde Securities. After joining Huaxing Securities in 2020, he served as head of the investment banking division, head of sponsorship business and deputy general manager.
STOCKS | Unitree Falls 50% From Intraday Peak After Shanghai Star Board Debut
Binance News - Unitree Robotics shares have dropped 50% from their intraday peak, according to Bloomberg, in one of the sharpest reversals for a newcomer on Shanghai’s Star Board.
BHP Chief Commercial Officer Rag Udd to Exit at End of January
Binance News - BHP Group Chief Commercial Officer Rag Udd will leave the company at the end of January, according to Bloomberg and people familiar with the move.
STOCKS | Pujiang China Falls 28.9% After SFC Shareholding Inquiry
Binance News - Pujiang China (01417) fell 28.9% to HK$4.77, extending its losing streak to two sessions and bringing the cumulative decline to 36.2%, according to ETNet. The company said the SFC recently conducted an inquiry into its shareholding distribution. The inquiry found that as of Aug. 14, 20 shareholders held about 62.422 million shares, or 15.41% of the issued share capital. It also found that about 11.7 million shares, or 2.89% of issued capital, were registered in the name of HKSCC Nominees Ltd. in the Hong Kong share register but were not deposited in the Central Clearing and Settlement System. ...
STOCKS | Orient Overseas Falls More Than 3% As Turnover Reaches HK$31.08 Million
Binance News - Orient Overseas (00316) fell more than 3% to a low of HK$149, with turnover of 206,000 shares worth HK$31.08 million, according to ETNet. The stock was last down 3.06% at HK$149 and had declined for a second straight session, bringing the two-day loss to 5%. The Hang Seng Index was down 278 points, or 1.1%, at 25,051. ETNet reported that the active buy-sell ratio was 34:66, with net active selling of HK$9.754 million.
STOCKS | Anker Innovation Hits Record High As Kuaishou Falls
Binance News - Two listed companies showed unusual trading at 10:05 a.m., according to ETNet. Anker Innovation (00668) rose 6.25% to HK$134.20, a new listing high. It has gained for two straight sessions and is up 11.74% over that period, with active buy-sell ratio at 59:41. Kuaishou (01024) fell 2.89% to HK$33.64, with active buy-sell ratio at 48:52. Its RMB-traded counter (81024) dropped 2.8% to RMB28.88.
STOCKS | Shipping Shares Fall As U.S.-Iran Tensions Lift Oil Prices
Binance News - Shipping stocks came under pressure as U.S.-Iran tensions escalated, with COSCO Shipping Holdings (01919) down 3.1% to HK$16.76, Orient Overseas (00316) down 2.8% to HK$149.4 and SITC International (01308) down 3.1% to HK$43.54, according to ETNet. The U.S. military launched a new round of airstrikes on targets inside Iran on Tuesday, mainly against military facilities linked to the Islamic Revolutionary Guard Corps. U.S. President Donald Trump later said on social media that the action was justified and warned Iran that any retaliation would trigger larger-scale U.S. military action. ...
STOCKS | JPMorgan Raises Zhipu Target Price 11% To HK$2,000
Binance News - JPMorgan raised its target price on Zhipu (02513) by 11% to HK$2,000 from HK$1,800 and kept an Overweight rating, according to ETNet. The bank said Zhipu's first-half revenue came in below market expectations, mainly because local deployment revenue declined, while cloud and API revenue broadly met forecasts and rose to 86.5% of total revenue. JPMorgan also highlighted that Zhipu's annual recurring revenue reached $1.6 billion in August, equivalent to about $133 million in monthly revenue, exceeding the $123 million in total API revenue generated in the first half. ...
Japan 5-Year Government Bond Yield Rises 4.0 Basis Points to 2.295%, Hits Record High
Binance News - According to Jin10, Japan's 5-year government bond yield rose 4.0 basis points to 2.295%, a record high.
Tencent Music Q2 Profit Falls 31.9% As Revenue Rises 11.5%
Binance News - Tencent Music (1698) said its unaudited condensed consolidated interim results showed net profit fell 31.9% to RMB 4.562 billion, while revenue rose 11.5% to RMB 14.119 billion, according to Ming Pao.
STOCKS | Geely Auto And Lenovo Fall On Unusual Trading
Binance News - Geely Auto (00175) and Lenovo Group (00992) were flagged for unusual trading at 10:01 a.m., according to ETNet. Geely Auto fell 2.96% to HK$17.05, hitting a one-month low and extending its losing streak to six sessions for a cumulative decline of 10.17%. Its RMB counter (80175) dropped 2.9% to RMB14.64. Lenovo Group slipped 3.14% to HK$29.62, while its RMB counter (80992) fell 3.1% to RMB25.44. The active buy-sell ratios were 49:51 for Geely and 45:55 for Lenovo.
RBNZ Says Gradual Withdrawal of Monetary Stimulus Is Appropriate
Binance News - According to Jin10, the Reserve Bank of New Zealand said its committee believes gradually withdrawing monetary stimulus is appropriate because it can return inflation to the midpoint of the 2% target while supporting economic growth and employment.
RBNZ Expects Annual CPI to Reach 2.4% by September 2027
Binance News - According to Jin10, the Reserve Bank of New Zealand said annual CPI is expected to reach 2.4% by September 2027, compared with a previous forecast of 2.0%.
NZD/USD Falls More Than 20 Pips as RBNZ Raises Rates 25 Basis Points
Binance News - According to Jin10, NZD/USD fell more than 20 pips in the short term after the Reserve Bank of New Zealand raised interest rates by 25 basis points as expected.
Figure Completes Acquisition of AI Real Estate Lending Platform Kiavi
Binance News - Blockchain capital markets company Figure, listed on Nasdaq under the ticker FIGR, said it has completed its previously announced acquisition of AI real estate lending platform Kiavi. According to Foresight News, Figure acquired Kiavi's technology and operations platform and certain other assets, and Kiavi's brand, platform, and technology will be integrated into Figure's network of more than 480 ecosystem partners through its blockchain-native market, Figure Connect, to expand the reach of its lending technology. Kiavi Chief Executive Officer Arvind Mohan will join Figure as chief business officer. According to Foresight News, Figure previously said it would acquire ...
New Zealand Interest Rate Decision Holds at 2.75%
Binance News - According to Jin10, New Zealand's interest rate decision as of September 2 was 2.75%, matching expectations and up from the previous 2.50%.
Palo Alto Networks' acquisition of Console buffers $2.59 trillion AI market
Cryptopolitan - On Tuesday, Palo Alto Networks reported outstanding quarterly results and a new acquisition, which marks a big move towards a segment of enterprise technology that is growing very fast: security for AI agents. The cybersecurity company (NASDAQ: PANW) has reported better-than-expected results for the fourth quarter and acquired Console, an AI-native platform designed to help...
STOCKS | Dragon Resources Jumps 16.26% As Huaibei GreenGold Falls 16.21%
Binance News - Two listed companies recorded unusual trading at 9:30 a.m., according to ETNet. Dragon Resources (01712) rose 16.26% to HK$8.65, hitting a one-month high, with an active buy-sell ratio of 23:77. Huaibei GreenGold (02450) fell 16.21% to HK$12.15, with an active buy-sell ratio of 69:31. It has declined for two straight days, for a cumulative loss of 20.07%.
STOCKS | Kingwha Holdings Jumps 25% To One-Month High
Binance News - Kingwha Holdings (08082) rose as much as 30% to HK$0.026, a one-month high, and was last up 25% at HK$0.025, according to ETNet. The stock traded 7.93 million shares worth HK$185,200. The active buy-sell ratio was 59:41, with net active buying of HK$31,500. It has risen for three straight sessions, gaining 47.1% over that period.
Quantum-Resistant EVM Layer 1 DAC Raises $1 Million
Binance News - Quantum-resistant EVM Layer 1 blockchain DAC said it has raised $1 million from Unicorn Crypto Ventures. According to ChainCatcher, DAC is building EVM-compatible blockchain infrastructure designed to resist quantum computing attacks. The project said it is based on a Quadrans fork and uses a three-layer node architecture and PoQW consensus. It also uses a dual-asset model, DACT and DACC, to support ecosystem activity and transaction execution for developers and enterprises.
How the Ripple-Settlemint Deal Could Change Institutional Crypto
Bitcoin.com - Ripple and Settlemint are combining digital asset custody and tokenization tools for regulated financial institutions. The integration could reduce reliance on separate providers for issuance, compliance, settlement, custody, and ongoing asset servicing. Ripple and Settlemint Combine Custody With Tokenization Ripple and Settlemint, a blockchain technology company specializing in digital asset lifecycle management, formed a strategic […]
STOCKS | China Oilfield Services Shares Open Higher After U.S. Strike on Iranian Military Targets
Binance News - According to Jin10, China A-share oilfield services and engineering stocks opened higher, with Keli Shares rising more than 14%, Tongyuan Petroleum gaining more than 5%, and Huibo Pu, Beiken Energy, Zhongman Petroleum, Potential Hengxin, and Offshore Oil Engineering also advancing. The U.S. Central Command said it successfully completed a strike operation against Iranian military targets on September 1.
SEC Will Not Wait for Clarity Act to Advance Crypto Rules, Nate Geraci Says
Binance News - ETF Store President Nate Geraci said the U.S. SEC has again indicated it will not wait for the Clarity Act to pass before moving ahead with crypto industry rulemaking. According to Odaily, Geraci said this amounts to the agency pushing Congress to act faster. Geraci also cited views that, as technology changes and market competition evolve, good governance requires a fresh review of existing rules and regulatory frameworks.
These 3 Factors Are Whipsawing Wall Street and Bitcoin
BeInCrypto - Jim Cramer says oil, a hawkish Fed and Iran strikes are whipsawing Wall Street, and Bitcoin isn't escaping the pressure. The post These 3 Factors Are Whipsawing Wall Street and Bitcoin appeared first on BeInCrypto.
FCA Warns of Unclaimed Child Trust Funds Ahead of College Season
TheCurrencyAnalytics - Young adults across the UK are sitting on cash they don’t know about. The Financial Conduct Authority is pushing hard… Read the original on FCA Alerts 760,000 Young Adults to Unclaimed £2,000 Child Trust Funds Before College. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Saylor Strikes Back: Strategy Slams MSCI’s Flawed Index Test
Bitcoin.com - Michael Saylor and Strategy Inc. are challenging an MSCI proposal that could remove the bitcoin treasury company from global equity indexes. Strategy argues the screening methodology misclassifies its bitcoin operations and targets digital asset treasury firms. Strategy Calls MSCI Test a Reworked Crypto Exclusion Strategy Inc. (Nasdaq: MSTR) urged MSCI on Aug. 31 to withdraw […]
Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
CryptoSlate - Coin Metrics found market plumbing drove much of the volume while reserve income supplied 95.2% of Q2 revenue. The post Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates appeared first on CryptoSlate.
US Strikes Two Iranian Tankers Under New “Tanker for Tanker” Policy
Binance News - According to Sina Finance, U.S. officials said the U.S. military struck two Iranian government-owned tankers in a round of attacks on Tuesday. It was the first U.S. strike against Iranian tankers, carried out in retaliation for Iran's attacks on merchant ships in the Strait of Hormuz rather than to stop tankers from violating a maritime blockade. A U.S. official said the action was part of a new “tanker for tanker” policy approved by U.S. President Donald Trump, aimed at further deterring Iran and stopping its attacks on tankers passing through the strait.
Strive's SATA funds nine straight days of Bitcoin buys as sector demand fades
Cryptopolitan - According to a September 1 post from BitcoinTreasuries.NET, Strive’s preferred stock has raised enough money to fund Bitcoin (BTC) purchases for nine days in a row, most recently buying 104 BTC on Tuesday. It is noteworthy that while corporate balance sheets have become essential for Bitcoin demand, the number of buyers has sharply decreased. Thus,...
AI | Cognition AI Set to Raise About $1 Billion at $47 Billion Valuation
Binance News - Artificial intelligence coding startup Cognition AI Inc. is set to close a new funding round that would lift its valuation to about $47 billion, according to Bloomberg. People familiar with the effort said the company is expected to raise around $1 billion.
STOCKS | Medlive Clears Share Pledge, Re-Pledges 96.137 Million Shares For RMB 300 Million Loan
Binance News - Medlive (02453) said a pledge over about 96.13 million domestic shares held by shareholder Shanghai Medical Star, previously made in favour of Zhongcheng to secure loan financing of up to RMB 500 million, was fully released yesterday, according to ETNet. On the same day, Shanghai Medical Star re-pledged about 96.137 million domestic shares, or 49.96% of the shares it directly holds, in favour of Zhongcheng Trust as security for loan financing of up to RMB 300 million provided by Zhongcheng to the group. The pledged shares represent about 12.27% of Medlive's total issued shares, and Zhongcheng is an independent third party.
STOCKS | Karrie International Plans HK$7.57 Million Share Placement
Binance News - Karrie International Holdings (01025) said it has signed a placement agreement to sell up to about 37.873 million new shares at HK$0.20 each, raising up to HK$7.57 million, according to ETNet. The placement price matches the stock's closing price on the previous day. The new shares will represent about 7.8% of the enlarged share capital and will be placed to no fewer than six independent placees. The company expects none of the placees will become a substantial shareholder, and it plans to use the net proceeds as general working capital.
STOCKS | I.T. International Announces Three Board Resignations
Binance News - I.T. International (00585) said Cai Jiaying, Koji Shimazaki and Chan Hak-kan have resigned from the board, effective yesterday, according to ETNet. Cai and Shimazaki stepped down as executive directors, while Chan resigned as an independent non-executive director and from the audit, nomination and remuneration committees. The company said all three resigned because they need to devote more time to other business commitments and confirmed there were no disagreements with the board or other matters that need to be brought to shareholders' attention.
CENTRAL CHINA NEW LIFE Chairman Hu Baosen Resigns, Effective Yesterday
Binance News - Central China New Life (09982) said Hu Baosen has resigned as chairman and non-executive director, effective yesterday, according to ETNet. The group said there is no immediate replacement, so it is currently unable to meet the requirements of Listing Rule 3.27A. Before a new chairman is appointed, executive director Wang Kai will chair board meetings. Hu has confirmed he has no disagreement with the board and that there are no other matters related to his resignation that need shareholders' or the Hong Kong Stock Exchange's attention.
STOCKS | Kingworld Medicines Says Simei No Longer Its Controlling Company
Binance News - Kingworld Medicines Group (02231) said it was informed that Chan Chi Chung (Adrian) and Kam Chung Hang (Forrest) of Ernst & Young Corporate Finance Services, together with Luke Almond of Ernst & Young Ltd., were appointed joint liquidators of Simei on May 26 by order of the High Court of the Eastern Caribbean Supreme Court in the British Virgin Islands, according to ETNet. The company said Simei held more than 50% of its shares on May 26 and was therefore its holding company, but as of yesterday Simei's stake had fallen below 50%, so it was no longer the holding company, although it remained a controlling shareholder.
STOCKS | Rept Battero's H-Share Full Circulation Filing Accepted By CSRC
Binance News - Rept Battero (00666) said the China Securities Regulatory Commission has accepted a filing application submitted on behalf of certain shareholders for a proposed H-share full circulation plan, according to ETNet. The company said the application covers the conversion of about 676 million domestic unlisted shares into H shares for listing on the Hong Kong Stock Exchange. The shares represent 48.21% of the group's domestic unlisted shares. Rept Battero added that the implementation details have not been finalised and the CSRC filing process has not yet been completed.
Tontine Wines Group Names Two Executive Directors, Falls Short Of Board Independence Rule
Binance News - Tontine Wines Group (00389) said Xu Gaosheng and Zeng Ronghao have been appointed executive directors, effective yesterday. The company said it has 11 directors in total, but only three are independent non-executive directors, leaving it unable to meet Listing Rule 3.10A, which requires independent non-executive directors to make up at least one-third of the board, according to ETNet. Xu was a senior investor relations analyst in Tencent Group's investor relations department from July 2019 to August this year, while Zeng was a product manager for packaging solutions at Flint Group.
Huqin Technology Completes A-Share Buyback Plan
Binance News - Huqin Technology (03296) said it has completed its A-share buyback plan as of Monday (31st), according to ETNet. The company said it spent about RMB 200 million to repurchase about 2.619 million A shares, representing 0.17% of its total share capital. The highest repurchase price was RMB 80 per share and the lowest was RMB 73.73 per share. Huqin Technology said the buyback was funded by its own cash. The repurchased shares are intended for equity incentives or an employee shareholding plan, and any shares not transferred within three years will be cancelled.
STOCKS | Gong Hailin Offers To Buy Up To 115 Million Fu Shou Yuan Shares At HK$0.10 Each
Binance News - Gong Hailin has made a conditional voluntary cash partial offer to acquire up to 115 million shares in Fu Shou Yuan (01448) at HK$0.10 each, a 96.2% discount to the stock's last suspended close of HK$2.64, according to ETNet. The offer covers 4.96% of Fu Shou Yuan's share capital, while the offeror currently holds no shares in the company. If the maximum number of shares is tendered, Gong would pay HK$11.5 million. Fu Shou Yuan has been suspended from trading since March 20.
STOCKS | Hengtai Shareholders Reject Appointment Of Auditor
Binance News - Hengtai (00197) said shareholders at an extraordinary general meeting held yesterday rejected an ordinary resolution to appoint Wong Chung Kin & Co. as the company’s auditor, according to ETNet. The group said 52.548 million shares voted against the resolution, accounting for 99.99% of votes cast, while only 3,071 shares voted in favour. As a result, Wong Chung Kin & Co. was not appointed as auditor, and the board will continue to look for a suitable auditor.
China Reinsurance Says Regulator Approves Lu Zhi As Non-Executive Director
Binance News - China Reinsurance (01508) said it received approval from the National Financial Regulatory Administration for Lu Zhi's qualification to serve as a director, according to ETNet. The company said Lu Zhi's term as a non-executive director, and as a proposed member, deputy chairman and related-party transaction control committee member, took effect on Wednesday, August 26, and will run until the end of the fifth board's term, with the option of re-election.
Hony Culture Group Signs 5-Year Cooperation Deal With Chinese Academy Of Sciences Institute
Binance News - Hony Culture Group (00419) said it has signed a five-year cooperation agreement with the Institute of Mechanics at the Chinese Academy of Sciences, according to ETNet. The two sides plan to work on robot operating mechanisms in complex environments, spatial intelligence, simulation and inference, multi-robot coordination, scenario data closed loops and commercialization of research results. The group said the collaboration will focus on service robots and related smart equipment in communities, commercial properties, industrial parks, hotels and logistics settings, with the aim of building a replicable technical ...
STOCKS | Sanhua Intelligent Control Buys Back 1.33 Million A Shares In August
Binance News - Sanhua Intelligent Control (02050) said it repurchased about 1.3267 million A shares in August for a total of about RMB 48.905 million, according to ETNet. The company said that as of Monday, it had cumulatively bought back 4.125 million A shares through its dedicated share repurchase securities account via centralized bidding, representing 0.098% of its total share capital. The total consideration was about RMB 149 million, with the highest purchase price at RMB 37 per share and the lowest at RMB 35.05 per share. The company said the buybacks were in line with its existing repurchase plan.
Swire Pacific Finance Appoints Joint Bookrunners For Exchangeable Bond Buyback
Binance News - Swire Pacific and Swire Pacific B said Swire Pacific Finance has appointed joint bookrunners to help solicit interest from eligible bondholders willing to sell exchangeable bonds issued by the subsidiary and exchangeable into Cathay Pacific shares, according to ETNet. The joint bookrunners are J.P. Morgan Securities (Asia Pacific), Morgan Stanley International and The Hongkong and Shanghai Banking Corporation. If the group proceeds with a bond buyback, it may simultaneously place certain Cathay Pacific shares with independent third parties as part of an accelerated exchange transaction to speed up the bond-for-share exchange. ...
AI | Nvidia Nears $14 Billion Hugging Face Acquisition
Binance News - Nvidia Corp. is in advanced talks to acquire artificial intelligence startup Hugging Face in a deal that could total about $14 billion, according to people familiar with the matter, Bloomberg reported.
Great Wall Motor August Sales Fall 1.9% As Overseas Sales Rise 38.6%
Binance News - Great Wall Motor said August vehicle sales fell 1.9% year on year to 113,000 units, while sales for the first eight months rose 1.98% to 805,000 units, according to ETNet. The company said overseas sales in August climbed 38.6% to 62,500 units, new energy vehicle sales rose 10.8% to 41,000 units, and output increased 4.5% to 118,000 units. For the first eight months, overseas sales reached 416,000 units, new energy vehicle sales totalled 220,000 units, and output rose 8.8% to 854,000 units. Within the August sales mix, Ora sales jumped 110%, while Haval sales fell 5.7% and Great Wall pickup sales declined 7.8%.
STOCKS | Voyah Delivers 13,000 Vehicles In August
Binance News - Voyah Auto (07489) said it delivered 13,000 new vehicles in August, down 1.4% from July, while deliveries in the first eight months rose 25% year on year to 102,000, according to ETNet. The company also said its Yunfeng factory photovoltaic project in Wuhan began grid-connected power generation on August 5. It described the project as the largest distributed solar power project in Wuhan's auto manufacturing sector, with annual green power output of 26.9 million kWh and an estimated annual carbon emissions reduction of 22,000 tonnes. The FUV Voyah Zhuiguang S was launched on August 15.
Yuexiu Property Unit Invests RMB 459 Million For 51% Stake In Hangzhou Project
Binance News - Yuexiu Property (00123) said its non-wholly owned subsidiary Hangzhou Yile will inject RMB 459 million to acquire a 51% stake in Hangzhou Binman Real Estate Development, which holds a parcel of land in Hangzhou, according to ETNet. Hangzhou Binjiang Group (Shenzhen:002244) will hold the remaining 49% stake. The land was bought for RMB 1.81 billion, covers 40,000 square metres and will be developed into residential units for sale. Yuexiu Property expects to provide about RMB 490 million in shareholder loans.
STOCKS | Perfect Group Raises Li Ning Stake To 16.91%
Binance News - Perfect Group (00933) said it bought an additional 29.6195 million Li Ning (02331) shares on the Hong Kong Stock Exchange for about HK$398 million from last Friday to yesterday, lifting its stake to about 16.91% from 15.77%, according to ETNet. The purchases represented about 1.15% of Li Ning's equity, with an average price of about HK$13.45 per share. Perfect Group said the acquisition was funded by external financing cash.
STOCKS | ZJ Innolight Buys Back 374,100 A Shares For RMB 318 Million
Binance News - ZJ Innolight (03308) (Shenzhen: 300308) said it repurchased 374,100 A shares on its first buyback through a dedicated securities account, representing 0.0318% of its total share capital, and spent about RMB 318 million, according to ETNet. The company said the highest transaction price was RMB 870 per share and the lowest was RMB 838.16 per share. It added that the buyback complied with its repurchase plan and relevant laws and regulations.
AI TRENDS | Dell Sees $1 Trillion Market Opportunity as AI Demand Rises
Binance News - According to Wallstreetcn, Dell Vice Chairman and Chief Operating Officer Jeff Clarke said in a Q&A that token volume generated by inference is expected to grow 87-fold by 2030, AI will account for 75% of total data center demand, and the company sees more than $1 trillion in potential market opportunity.
STOCKS | Hong Kong ADRs Point To Mixed Open For Major Stocks
Binance News - Hong Kong-listed ADRs pointed to a mixed start for major stocks, with HSBC, Hong Kong Exchanges and Clearing, and China Construction Bank trading above their Hong Kong close, while CMB Bank, Weigao, and China Merchants Bank traded lower, according to ETNet. Among the biggest moves, HSBC's ADR was 0.95% above its Hong Kong close, Hong Kong Exchanges and Clearing was 1.38% higher, and China Construction Bank was unchanged. By contrast, CMB Bank's ADR was 7.00% below its Hong Kong close, Weigao fell 9.82%, and Minsheng Bank dropped 9.22%.
STOCKS | Hua Hong Semiconductor Invests In Wuxi 12-Inch Wafer Line
Binance News - Hua Hong Semiconductor (01347) said it will invest about $2.13 billion in Wuxi Hua Hong Semiconductor Phase III, which will build a 12-inch wafer production line with monthly capacity of about 55,000 wafers. According to ETNet, Wuxi Xihong Guoxin Phase II, Hua Capital Fund and a state-backed entity will invest $834 million, $626 million and $580 million in cash respectively in Wuxi Hua Hong Semiconductor Phase III. Hua Hong Semiconductor will hold a 51% stake in the venture. The group said total investment in Wuxi Hua Hong Semiconductor Phase III will be ...
AFTERMARKET MOVES | Dell Rises Nearly 9% on Earnings Beat and Raised FY2027 Forecast; GitLab Jumps 20%
Binance News - According to CNBC, Dell Technologies shares jumped almost 9% in after-hours trading after the computer maker beat expectations on both the top and bottom lines. Dell also lifted its forecast for the fiscal 2027 year, citing strength in its artificial intelligence server business. GitLab shares rallied nearly 20% on an earnings beat and upbeat full-year guidance, posting adjusted earnings of 24 cents per share on revenue of $286 million in the second quarter, ahead of estimates of 18 cents and $273 million, according to LSEG. MongoDB shares dropped 12% despite better-than-expected earnings and upbeat guidance; the company earned $1.90 per share, excluding items, on $772 million in the second quarter, versus analyst forecasts of $1.61 a share and $734 million. Credo ...
13F filings put investment advisers on top of XRP ETF holdings
Cryptopolitan - Spot XRP ETFs have drawn about $1.6 billion in net inflows, and second-quarter 13F filings show investment advisers are the biggest buyers.
Japan's Finance Minister Satsuki Katayama Says U.S. Treasury Secretary Bessent Has Called for a Different Strategy if Japan's Deflation Changes
Binance News - According to Jin10, Japan's Finance Minister Satsuki Katayama said U.S. Treasury Secretary Bessent has said since last October that a different strategy is needed if Japan's deflation changes.
G20 Statement Cites Digital Assets and Calls for Clearer Path for Responsible Innovation
Binance News - Crypto reporter Eleanor Terrett said on X that the G20 chair statement released today by U.S. Treasury Secretary Scott Bessent mentioned digital assets. According to Odaily, finance ministers and central bank governors from the world’s 20 largest economies said digital assets have the potential to support economic growth and pledged to create a clear path for responsible innovation. The statement also called for improvements to cross-border payments, including longer operating hours for bank and central bank systems used to process large or time-sensitive payments, broader adoption of ISO 20022, and simpler procedures for transferring financial services data across borders. G20 members ...
Japan's Finance Minister Satsuki Katayama Says She Will Not Comment on Specific FX Levels
Binance News - According to Jin10, Japan's Finance Minister Satsuki Katayama said she would not comment on specific foreign exchange levels.
Japan's Finance Minister Satsuki Katayama Says G20 Meeting Is a Good Opportunity to Deepen Understanding of the Importance of Joint Foreign Exchange Intervention
Binance News - According to Jin10, Japan's Finance Minister Satsuki Katayama said this G20 meeting is a good opportunity to deepen understanding of the importance of joint foreign exchange intervention.
U.S. President Donald Trump Nominates Hung Cao as Next Navy Secretary
Binance News - According to Wallstreetcn, U.S. President Donald Trump announced on September 1 that he has nominated Hung Cao to serve as the next U.S. Navy secretary and urged the Senate to confirm the nomination as soon as possible. Cao is a Vietnamese American Navy veteran and is currently the acting U.S. Navy secretary.
STOCKS | Credo Technology Q1 Revenue Hits Record $479 Million, Raises Q2 Guidance
Binance News - According to Wallstreetcn, Credo Technology reported record first-quarter revenue of $479 million, up 10% from the previous quarter and 115% from a year earlier, with non-GAAP gross margin at 68%, non-GAAP net income above $236 million, and non-GAAP operating margin at 48.2%.
Nvidia anchors Hut 8’s Texas campus in Anthropic’s $35 billion cloud deal
Cryptopolitan - Anthropic signed a $35 billion cloud deal with Lambda for capacity at Hut 8's Beacon Point campus in Texas, where Nvidia already holds the lease.
Bessent Says China Was Sole G20 Dissenter on Joint Statement on Cheap Exports
Binance News - According to CNBC, Treasury Secretary Scott Bessent said China was the only Group of 20 member to dissent from a joint statement that said non-market-based economies pushing out a never-ending stream of cheap exports is not sustainable. He said the countries will take action in the coming days, weeks or months to reach a resolution on what he called an unsustainable equilibrium, and confirmed that China, which he described as having the world's largest and unsustainable current account surplus, was the sole dissenter from his chairman's statement. Bessent said he had hoped to announce a unanimous joint communiqué and added that the agreement from the other 19 members showed the scale of the problem. He also said China and the U.S. have more in common than differences on Iran, ...
Wall Street Turns Defensive As CNBC Committee Refuses To Sell
Binance News - Wall Street desks turned defensive as September began, while CNBC’s Investment Committee said none of its four members plans to sell. According to BeInCrypto, the split comes after 27 record closes this year and ahead of September, historically the weakest month for stocks. Scott Rubner of Citadel Securities said earnings are done, buybacks will fade after companies authorized more than $1.1 trillion through August, retail dip-buying is weak and hedges are cheap. Bitcoin (BTC) also traded near $77,130, down over 2% in 24 hours.
Belgian Authorities Target Offshore Piracy with Crypto Wallet Seizures
TheCurrencyAnalytics - Belgium’s federal police have seized crypto wallets linked to offshore piracy platforms. It’s a targeted move — not a blanket… Read the original on Belgium Targets Offshore Piracy with Seizure of Crypto Wallets in Major Operation. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
STOCKS | U.S. Orders Orlando Coal Plant Unit to Remain Operational
Binance News - U.S. Energy Secretary Chris Wright issued an emergency order today requiring the Orlando Utilities Commission to keep Unit 1 at the Stanton Energy Center in Orlando, Florida, operational. According to Sina Finance, the U.S. Department of Energy said the coal-fired plant's Unit 1 had been scheduled to enter long-term cold shutdown early in June 2026, and the order takes effect on September 2 and runs through November 30.
STOCKS | SK Group Chairman Says Kioxia Cooperation Is an Option
Binance News - According to Sina Finance, media reports from a Tuesday interview said SK Group Chairman Chey Tae-won described joint production with Kioxia Holdings as one cooperation option the two chip companies could consider. He said SK Hynix is considering building a factory in Japan and added that the two companies could cooperate in joint production, research and development, and supply chains. He also said SK Hynix may reduce its indirect stake in Kioxia if the two sides cannot find a workable cooperation model.
Palo Alto Networks CEO Says AI Is Forcing $1 Trillion Cybersecurity Overhaul
Binance News - According to CNBC, Palo Alto Networks CEO Nikesh Arora said AI is forcing companies to modernize about $1 trillion of aging cybersecurity infrastructure built before the AI era. He said systems deployed seven or 10 years ago are not ready to handle AI at machine speed and that companies must rethink their cyber architecture. Arora said Palo Alto's fiscal fourth-quarter results beat estimates and that the company issued a strong outlook for its new fiscal year. He also said the opportunity is expanding as AI helps attackers find and exploit vulnerabilities faster, and that roughly $1 trillion of global cybersecurity debt must be ...
Peru Cuts Diplomatic Ties With Iran
Binance News - According to Jin10, Peru's Foreign Ministry announced on September 1 local time that it had severed diplomatic relations with Iran and said the decision was communicated to Iran through a diplomatic note delivered via the Iranian Embassy in Ecuador.
STOCKS | Electric Range Rover Starts at £154,070
Binance News - Jaguar Land Rover Automotive Plc’s first electric Range Rover will start at £154,070, or $208,420, Bloomberg reported. The battery-powered sport utility vehicle will test wealthy buyers’ appetite for the model.
AI TRENDS | Anthropic Co-Founder Tom Brown to Speak at G20 Tech Conference on Wednesday
Binance News - According to Jin10, Anthropic co-founder Tom Brown will speak at the G20 tech conference on Wednesday.
Crypto Faces Years-Long Quantum Migration Cost, Experts Say
Binance News - Crypto institutions face a years-long and costly shift to post-quantum cryptography as quantum computers edge closer to threatening today’s elliptic-curve security, according to BeInCrypto. The article cites experts from BitGo, Nethermind and the cryptography community, who say firms need a full inventory of vulnerable systems, while larger signatures, custody redesign and parallel classical-plus-quantum operations could raise bandwidth, storage, fees and migration costs.
Jim Cramer Says CNBC Investing Club Raised Cash to 15% and Cut Data-Center Exposure
Binance News - According to CNBC, Jim Cramer said elevated oil prices, interest rates and geopolitical uncertainty are prompting a more defensive stance, and his Charitable Trust raised cash to 15% while reducing exposure to data-center stocks and increasing health care holdings. The portfolio exited its remaining Corning position on Tuesday and trimmed Broadcom last Monday to buy more Cardinal Health. Cramer said the shift does not reflect weaker AI fundamentals, but rather pressure from higher rates and political opposition to new projects, while the Club continues to own Nvidia and Apple.
JioHotstar Expands Abroad to Reach Indian Diaspora
Binance News - JioHotstar, India’s largest video streaming platform, is launching in the UK, Canada and Singapore for the first time as it targets millions of potential viewers in the growing South Asian diaspora, according to Bloomberg.
4 Investment Committee Members on the September Setup: Why None Are Selling
BeInCrypto - Wall Street is buying protection for the September setup. Four top investors explain why they are not selling into it. The post 4 Investment Committee Members on the September Setup: Why None Are Selling appeared first on BeInCrypto.