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7/30
06:16
Cryptocurrency exchange Bybit has listed the BRKBUSDT Perpetual Contract, offering up to 25x leverage. This contract allows users to trade on the price movements of Berkshire Hathaway Inc Class B shares.
06:13
The yuan has risen to its highest level against the U.S. dollar since early 2023. This is due to a weaker U.S. dollar and continued policy support from Chinese authorities.
06:11
Situational Awareness, a hedge fund founded by former OpenAI employee Leopold Aschenbrenner, is facing a liquidity crisis due to the recent massive sell-off in AI stocks after posting a net return of 439% in the first half of this year, and has sought new financing from investors and lenders. The fund, which manages $20 billion in assets, had previously heavily invested in AI-related stocks through highly leveraged strategies; however, during the market downturn, this strategy also amplified losses exponentially. Fund founder Aschenbrenner has told investors that the current market correction presents a rare opportunity to increase positions and is preparing to open a new round of subscriptions on August 1.
06:07
Bae Jae Kyu, the chief of South Korea’s sixth biggest asset manager, has urged investors to refrain from trading leveraged and inverse exchange-traded funds (ETFs). He stated that such products should be left to fade out.
05:58
US Senator Tom Cotton has urged the Trump administration to prohibit US government agencies and contractors from utilizing Chinese AI models, citing potential security risks. Cotton also called for more stringent export controls on advanced AI chips and increased support for open US AI models to enhance competition with China. The Commerce Department has not yet responded to the request for comment.
05:49
PGIM, an asset management firm, expects the U.S. Federal Reserve to adopt a hawkish stance at its September meeting and implement three interest rate hikes.
05:38
Tankers that were scheduled to load at the Caspian Pipeline Consortium (CPC) Terminal are reportedly heading away from the Black Sea, according to sources and shipping data.
05:35
MUFG warned that the outlook for the U.S. dollar has deteriorated. This assessment follows the Federal Reserve's decision to leave interest rates unchanged and offer little clarity on its future policy direction. The bank highlighted that rising inflation expectations and diminishing confidence in the Fed could lead to a steeper yield curve, a pattern that has historically put downward pressure on the dollar.
05:33
Seven months after Nicolás Maduro's removal, major U.S. oil companies, including ExxonMobil and Chevron, have yet to secure significant investment deals in Venezuela. Negotiations have stalled over access to the country's most attractive oil fields, fiscal terms, unresolved compensation disputes from past nationalizations, and concerns over long-term political stability. A recent earthquake also slowed progress. While the Trump administration aims for Venezuela to boost oil production to strengthen global supply, major producers are cautious about committing billions of dollars, allowing smaller private energy firms to gain traction.
05:32
The Wall Street Journal reports that Meta's strategy for its extensive AI investments is facing increasing challenges. This is attributed to rising costs, limitations on borrowing, and resistance from investors.
05:29
Investors are increasingly favoring shorter-term corporate debt. This approach allows them to secure elevated yields while simultaneously limiting their exposure to interest-rate volatility and broader market swings.
05:28
Indonesia's sovereign wealth fund Danantara's planned dollar notes are unlikely to price quickly, as a global bond rout is clouding debt issuance, according to people familiar with the matter.
05:20
Oil prices rose on Thursday after the United States launched a “large-scale” airstrike against Iran late Wednesday in retaliation for Iran’s earlier missile attacks on U.S. forces in the region. Iran’s Islamic Revolutionary Guard Corps threatened to respond with further escalation. Brent crude futures, the international benchmark, rose 1.5% to $92.10 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 0.9% to $85.23 per barrel. U.S. Central Command stated that the operation was a “strong response” to Iran’s attempt on Tuesday to attack U.S. forces in the Middle East, targeting dozens of sites belonging to the Islamic Revolutionary Guard Corps within Iran, including military command centers, missile facilities, and drone facilities.
05:12
The Korea Exchange has reportedly reviewed the technical feasibility of implementing a temporary short-selling ban and tighter daily price limits. This consideration comes as sharp market declines fuel calls from retail investors for stronger stabilization measures to curb market volatility. Officials stated that no final decision has been made, describing the review as a contingency exercise.
05:07
Evercore ISI has removed Meta Platforms (META) from its TAP Outperform List. The firm maintained an 'Outperform' rating but cut its price target for Meta to $820 from $930. Evercore ISI cited rising AI spending, limited visibility on future capital expenditures, and a lack of clear AI monetization strategies as reasons for the adjustment, despite Meta's solid second-quarter results which modestly beat expectations.
05:05
Microsoft's strong earnings report, which showed its cloud unit achieving its fastest growth in four years and reassured investors about the payoff from AI spending, led to gains in U.S. stock futures. S&P 500 futures rose 0.2% and Nasdaq 100 contracts gained 0.4%, with Microsoft's stock up 8% in premarket trading. Bitcoin traded near $63,900, tracking the broader market's positive sentiment.
05:05
A CoinDesk analysis notes that perpetual futures (often referred to as “perps”) have become the primary driver of price discovery on Bitcoin and Ethereum, accounting for approximately 93% of total cryptocurrency futures trading volume and frequently surpassing the spot market.The article cites the example of SpaceX to illustrate the influence of perpetual contracts: prior to SpaceX’s $75 billion IPO at $135 per share, pre-IPO perpetual contracts for SpaceX on crypto platforms had already valued the stock at approximately $170.SpaceX opened at $161 on its first day of trading and briefly surpassed $176 during the session, validating the perpetual contracts’ accurate prediction of first-day demand.However, SpaceX’s stock price subsequently fell more than 40% from its peak, dropping below the IPO price. Analysts believe this exposed the limitations of perpetual contracts in pricing potential supply, such as the large volume of shares becoming available after the expiration of insider lock-up periods.
05:00
Australia's eSafety Commissioner has initiated court proceedings against Telegram, alleging the platform failed to detect and remove extremist material shared by users.

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