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7/31
09:52
Universal Music Group (UMG NA) shares fell to their lowest level since listing after the company reported subscription revenue growth of 16.6% in constant currency, including the impact of its purchase of Downtown Music Holdings, which was below analysts' expectations of 19.2%. Separately, Roblox (RBLX) shares declined following its second-quarter results, which missed key metrics for users and hours engaged, and provided a weaker-than-expected forecast for both bookings and revenue. Meanwhile, Reddit (RDDT) shares moved after projecting current quarter revenue that beat Wall Street estimates, but fell as the social media company did not announce any new data licensing agreements.
09:34
Nuclear technology and services supplier Westinghouse Electric has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock.
09:24
China, the world's largest importer of crude oil, saw its crude oil imports decline in the second quarter of 2026. This reduction was a result of higher crude oil prices, which were caused by disrupted flows through the Strait of Hormuz. China's lower imports subsequently reduced global demand, softening the upward price effects from the disrupted supply.
09:06
TD Cowen has cut its price target for Sharplink to $13, citing a lowered forecast for ether in 2026. The investment bank stated it is maintaining its long-term Ethereum investment thesis despite the near-term adjustment.
09:06
Circle, the issuer of the stablecoin USDC, has been granted a limited-purpose trust license by the New York State Department of Financial Services (NYDFS). This move adds a state-level layer of regulation for USDC, following the company’s earlier approval as a national trust by the Office of the Comptroller of the Currency (OCC).
09:05
Martin Lee, Markets Insight Lead at DWF Labs, states that real-world asset (RWA) perpetuals (perps) are poised to outpace tokenization, citing their rapid growth and market advantages. He notes that RWA perps volume reached $347 billion in May, a 1,472x increase from early 2025, with daily open interest on decentralized exchanges (DEXs) hitting $4.5 billion in July. Lee attributes this trend to perps offering 24/7 trading and a simpler structure compared to traditional finance alternatives, alongside the faster experimentation possible with perps compared to tokenized assets.
09:05
Palestinians in Gaza have reacted to the latest ceasefire deal, with many expressing little hope that it will end the ongoing war, stating 'Enough is enough'.
08:47
Federal Reserve officials who dissented from the recent policy decision explained their rationale for backing higher interest rates, pointing to inflation having exceeded the Fed's 2% target for over five years.
08:41
BCA Research, a macroeconomic research firm, says now is the time to buy gold, noting that the recent sell-off in gold is nearing its end as resistance caused by rising real yields is subsiding. The firm expects a weaker U.S. dollar to be a positive factor for gold, while continued central bank purchases, geopolitical risks, and reserve diversification will provide long-term support for the metal.
08:41
The US Federal Reserve maintained its interest rates, but market expectations for a September rate hike have increased. Despite the Fed holding rates steady and offering no guidance, Kalshi now prices a 53% chance of a 25 basis point rate hike in September, up from previous levels, versus 46% for no change. This shift occurs even after Chair Kevin Warsh suggested tighter financial conditions may already be doing some of the Fed's work, which initially led markets to view the meeting as dovish. However, three Federal Open Market Committee (FOMC) officials dissented in favor of a 25 bp hike.
08:33
Bloomberg Markets reports that traders are bracing for increased volatility in the S&P 500, anticipating that volatility will soon rise due to mounting macroeconomic risks. In recent months, the S&P 500 has remained largely stagnant overall, despite sharp fluctuations in individual sectors.
08:33
Reuters reported that Shelbit, a Dubai-based cryptocurrency exchange, has been accused of being linked to a $4 billion Iranian sanctions-evasion network. The exchange is suspected of transferring hundreds of millions of dollars to major cryptocurrency platforms, including Binance, to provide gambling websites and sanctioned Iranian entities with access to the global cryptocurrency market. Binance responded by stating that Shelbit has never opened an account on its platform and that the associated transactions posed a low risk; however, it has investigated and frozen the linked accounts and reported the matter to law enforcement authorities.
08:24
Hassett said that, if necessary, measures would continue to be taken to curb oil prices.
08:23
The U.S. Treasury Department will introduce four additional U.S.-equities based Exchange Traded Funds (ETFs) for "Trump Accounts" in the coming months. Currently, all contributions to these tax-deferred accounts for children default to the State Street SPDR Portfolio S&P 500 ETF (SPYM). The new options will include funds like the Vanguard Morningstar Total Stock Market ETF (VTI), offering investors more diversification within the U.S. equity market.
08:23
Moonshot's KIMI model has been built on a cluster of 20,000 Nvidia chips, with the infrastructure facilitated through Alibaba.
08:22
Former White House economic adviser Kevin Hassett believes the recent climb in the 10-year U.S. Treasury yield is a temporary matter.
08:22
Bybit has listed the GRVTUSDT Perpetual Contract in its Innovation Zone, with trading now open and offering up to 20x leverage. Contracts in the Innovation Zone typically incur higher trading fees.
08:22
U.S. stock index futures rose following a rebound in the share prices of chipmakers such as Samsung and SK Hynix, as well as strong earnings reports from Amazon. Meanwhile, the Bank of Japan (BOJ) kept its policy interest rate unchanged after the Japanese government intervened in the foreign exchange market, causing the yen to strengthen against the dollar.
08:12
Morgan Stanley has lowered its 2026 China GDP forecast to 4.6% from 4.8%. This revision follows weaker-than-expected economic activity in June. The bank cited slowing infrastructure spending, softer consumer demand, and ongoing property market weakness as key factors. Morgan Stanley expects policy support to remain focused on AI and energy infrastructure rather than consumption, though it still anticipates modest growth improvement in the second half of the year.

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