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7/28
11:19
Binance co-founder Changpeng 'CZ' Zhao advocated for a 'crypto passport' system in Asia during the ASEAN Tech Summit Manila 2026. This system would allow crypto companies licensed in one Asian nation to simplify regulatory approvals and operate across the region, aiming to reduce duplicate filings and market-entry costs. To date, no Asian regulator or governance body has announced such a product.
11:15
Fortitude, a Zcash miner backed by Barry Silbert, has activated its new 12-megawatt mining facility in Nebraska. The company anticipates this will reduce its direct cash mining cost from approximately $70 to about $40 per ZEC.
11:12
Financial brokerages, startups, and even retail investors are developing AI agents to oversee portfolios and automate investing tasks around the clock. These agents are designed to manage investments based on user-defined risk tolerance and financial goals, with some experts predicting they could increase transaction volumes tenfold. While fully autonomous investing is still evolving, many firms are adopting a gradual approach, often requiring human review and approval for trades executed by AI. Some anticipate that by the end of next year, AI agents could account for the majority of transaction activity on certain platforms.
11:09
Goldman Sachs predicts that by 2027, major tech companies, or "hyperscalers," will fund over a third of their artificial intelligence (AI) investments with debt. The firm expects these companies to issue $400 billion in global investment-grade bonds, covering approximately 35% of their estimated $1.14 trillion in AI-related capital expenditures. This trend reflects a growing reliance on debt financing as AI infrastructure buildout accelerates.
11:09
Michael Hurlston, CEO of U.S.-based optical communications component supplier Lumentum, warned that the next bottleneck in AI infrastructure will be a shortage of indium phosphide (InP), a niche semiconductor material, and predicted that the severity of this shortage will exceed that faced by the memory industry.Indium phosphide is a key material for AI data center transceivers, optical amplifier pump lasers, and co-packaged optical (CPO) engines alongside GPUs. Hurlston noted that the supply-demand imbalance for indium phosphide currently facing Lumentum has exceeded 30 percent, and NVIDIA(NVIDIA) has invested in Lumentum and Coherent, the two major InP producers. Coherent plans to double its in-house InP production by the end of 2026 and double it again in 2027.
11:04
Israeli Prime Minister Benjamin Netanyahu has arrived at the White House for a meeting with former U.S. President Donald Trump.
11:02
Catalyst Funds' chief investment officer stated that the market is misinterpreting Alphabet's second-quarter earnings. The CIO believes investors should focus more on earnings growth and less on capital expenditures.
11:01
Coinbase is experiencing delayed sends and receives for STX (Stacks) transactions, according to an update on its status page.
10:58
A whale identified by address 0x0340 recently sold 5,000 ETH for approximately $9.38 million. This transaction occurred after the whale had held ETH for over two years, having accumulated 9,891 ETH at an average price of $3,219. The sale contributed to a total loss of $13.28 million on their overall ETH holdings.
10:56
Ghana has allocated 5 billion cedis ($429 million) to finance gold purchases aimed at boosting its foreign-exchange reserves. This program has been shifted from the central bank to the government, a move that could potentially increase fiscal risks.
10:56
Borrowers from the United Arab Emirates (UAE) are tapping global bond markets at a record pace, with sales increasing by a third so far in 2026 compared to year-ago levels. This surge in bond issuance is occurring despite the ongoing conflict in the Middle East.
10:55
The Bank of Russia has published draft rules for digital asset depositories, requiring them to hold between $570,000 and $2.8 million in liquid capital, depending on the services provided. These proposals are part of a broader cryptocurrency regulatory framework expected to come into full force by September, following the adoption of a digital assets bill by the State Duma on July 21 and its approval by the Federation Council on July 24. The draft rules are currently open for public assessment.
10:48
Elon Musk's wealth has fallen by approximately $650 billion since SpaceX's peak in June, driven by declines in Tesla and SpaceX shares. Despite this significant drop, his net worth remains above $700 billion.
10:48
Tesla (TSLA) stock has become the most oversold since March 2025, with its Relative Strength Index (RSI) currently at 14, according to Yahoo Finance AlphaSpace data. The stock is down 30% this year, contrasting with an 8% gain for the S&P 500.

The sell-off intensified after executives provided few concrete updates on Robotaxi rollout or Optimus humanoid robot commercialization timelines during the recent earnings call, alongside an earnings miss. Analysts, including Deutsche Bank's Edison Wu, suggest that the slower-than-anticipated scaling of Robotaxi and Optimus is disappointing the market, raising questions about when the company's significant AI investments will pay off. Tesla plans to commit $25 billion in capital expenditures for 2026, tripling historical spending, with further increases expected in 2027.
10:48
Micron Technology's stock dived as a broader sell-off in the semiconductor sector gained momentum.
10:48
Altria Group (MO), the parent company of Marlboro cigarettes and other tobacco products, has seen its stock rise approximately 25% year-to-date. The stock is part of former U.S. President Donald Trump's disclosed portfolio. The company reported better-than-expected Q1 2026 earnings, with net revenue growing 3.2% year-over-year and adjusted diluted EPS up 7.3%. Its smokeable segment's volume decline slowed significantly to 4% in Q1 2026 from 12% a year prior, while its on! PLUS nicotine pouches expanded nationwide and saw 17.6% volume growth.
10:47
JPMorgan Chase CEO Jamie Dimon stated that current market risks are "probably bigger than other people think," and he is not buying stocks or U.S. Treasuries at current prices. Dimon highlighted escalating geopolitical tensions, including the U.S.-Iran war and the ongoing war in Ukraine, which could drive up oil prices and inflation. He also expressed concerns that rising government deficits could lead to a bond crisis and uncertainty regarding the timeline for returns on significant AI investments. Dimon previously predicted a coming "crack" in the bond market and has voiced worries about a serious market correction.
10:47
Sandisk (NASDAQ: SNDK) stock has fallen 31% since Thursday evening, including a 12.5% drop this morning, as analysts point to two main concerns. The primary worry is the rising threat of Chinese competition in NAND computer memory chips, following Chinese chipmaker CXMT's (ChangXin Memory Technologies) recent $487 billion Shanghai IPO, which raised over $8 billion. Apple has reportedly expressed interest in purchasing memory chips from CXMT. Although CXMT currently focuses on DRAM chips, there are concerns it could expand into NAND, or that other Chinese companies might follow with similar IPOs, potentially eroding Sandisk's high profit margins. Additionally, Wolfe Research notes broader investor concerns about the health of the artificial intelligence economy, which could lead to cuts in AI infrastructure budgets and impact Sandisk's share price.
10:47
United Parcel Service Inc (UPS) shares fell 6% following its second-quarter 2026 earnings report. While the company beat analyst expectations with adjusted earnings per share of $1.76 and revenue of $22.8 billion, and raised its full-year 2026 outlook, investors focused on weaker near-term domestic expectations, lower international operating profit, and significant restructuring charges.

UPS's management indicated a flat third-quarter domestic revenue outlook with declining average daily volume, raising concerns about recovery timelines. The international segment's operating profit declined to $623 million, partly due to higher expenses related to geopolitical conflicts in the Middle East. The company also recorded $891 million in after-tax transformation charges, primarily from a workforce reduction involving approximately 7,500 drivers.
10:45
U.S. President Donald Trump stated on Tuesday that new tariffs imposed by his administration are "functionally the same" as those the Supreme Court struck down as illegal earlier this year. His comments follow a federal lawsuit accusing his administration of using different statutes to resurrect a global tariff regime that failed in the courts. Trump also dismissed fears that tariffs could harm the economy, claiming they have "made this country a fortune." Last Friday, the Trump administration imposed tariffs of 10% to 12.5% on goods from over 80 countries, citing their failure to prohibit forced labor. These duties took effect just as a prior worldwide 10% temporary tariff expired.

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