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8/3
03:15
Goldman Sachs warns Russian factor is causing tight diesel supply
Samantha Dart, co-head of global commodities research at Goldman Sachs, said that disruptions to Russian fuel exports are leading to tight diesel supplies, raising concerns about global refining capacity and fuel prices.
03:05
Kim Yong-beom, Director of the Office of Policy at the South Korean Presidential Office, has been accused of abuse of power, suspected of hastily pushing for the listing of a single-stock leveraged ETF.
According to an August 3 report by South Korea's JoongAng Ilbo, former Seoul City Council member Lee Jong-bae has officially reported Kim Yong-beom, Chief of Staff for Policy to the President of South Korea, to the Supreme Prosecutors' Office. The accusation alleges abuse of power, coercion, and obstruction of business by force. The complainant claims that Kim Yong-beom publicly exerted pressure during a media interview in January this year and directly instructed financial authorities to proceed with a study on the system for 2x leveraged ETFs on single stocks. Subsequently, the Chairman of the Financial Services Commission announced that the product would be allowed to list. Lee Jong-bae believes that Kim Yong-beom's intervention led to the hasty launch of this product, which was widely considered by the industry to carry significant risks, just before the election, ultimately causing substantial losses for many investors. Currently, neither Kim Yong-beom nor the Financial Services Commission has publicly responded to this report, and the relevant criminal determination awaits a formal investigation by the prosecution.
03:04
JD.com launches AI-enabled smart helmet for delivery riders, following similar roll-outs by Alibaba and Meituan
The Chinese e-commerce giant's food delivery unit announced the launch of a smart helmet that integrates an AI-driven voice assistant with a camera. This initiative follows similar deployments by rivals Alibaba Group Holding and Meituan, all aiming to enhance rider safety and improve delivery efficiency. The device is designed to minimize distractions in poor weather, allowing couriers to manage orders, communicate with customers, and complete tasks using voice commands instead of smartphones. It also provides turn-by-turn voice prompts and AI-assisted features like automatically reading delivery instructions and flagging potential hygiene issues during order collection.
02:56
Lookonchain Reports Arthur Hayes Bought Another 6M ENA ($525K) at an Average Price of $0.09
Blockchain analytics firm Lookonchain reported that prominent crypto figure Arthur Hayes purchased an additional 6 million ENA tokens for $525,000, at an average price of $0.09 per token.
02:43
Notice regarding AERGO and AQT token swap schedule
02:42
China's National Social Security Fund boosts stakes in A-share firms in first 7 months of 2026, targeting tech sectors
Data shows China's National Social Security Fund increased its holdings in onshore A-share companies during the first seven months of this year, concentrating 58.96% of its total portfolio value in semiconductors, electronics, and components. This move comes as the CSI 300 Index slipped 2.16% in the first half of the year, with global AI stock sell-offs spilling into A shares.
02:32
The KOSPI index plunged over 5% on Monday. South Korean regulators plan to grant "emergency action authority" to directly lower the leverage multiple of single-stock leveraged ETFs to a minimum of 1x.
South Korea's KOSPI index plunged 5% on Monday (August 3), closing at 6241 points, while the KOSDAQ index's decline triggered a circuit breaker. In response to continuous severe market volatility, South Korean financial regulators are accelerating deleveraging efforts, proposing to amend the Capital Markets Act to grant regulators "emergency action authority." This would allow them to directly reduce the leverage multiple of single-stock leveraged ETFs from the current 2x to a minimum of 1x during periods of market instability, without requiring a separate product modification process. This measure aims to control new leverage and digest existing leverage to suppress market volatility.
02:26
For the first time in decades, the U.S. and Japan have joined forces to intervene in the foreign exchange market to prop up the yen; analysts say the U.S.'s primary motive is to prevent Japan from selling off U.S. Treasuries.
For the first time in decades, the United States and Japan have jointly intervened in the foreign exchange market to support the Japanese Yen, after it had fallen to a near four-decade low of 163.73 against the US Dollar, before quickly rebounding to 157.57 following the intervention. Analysts point out that the core motivation for the US's rare participation in this coordinated intervention is to prevent Japan from being forced to massively sell its holdings of US Treasury bonds, which constitute its largest overseas asset, in order to raise intervention funds, as such a move could impact long-term US Treasury yields. The high-profile emphasis by both countries' treasury departments on the availability of the Federal Reserve's FIMA repo facility is interpreted as an important signal to avert the worst-case scenario of "forced selling of US Treasury bonds."
02:20
Bitcoin slips 1% to $62,800, Ether falls over 1% to $1,858, as Coldcard wallet exploit losses near $89M despite easing macro fears
Despite improving macro conditions, including Brent crude futures for October dropping as much as 7.3% to $81.55 a barrel following fresh U.S.-伊朗 talks, Bitcoin and Ether failed to rally. The crypto market remains rattled by a Coldcard hardware wallet exploit, with observed losses from sweeps against Coldcard-generated addresses reaching nearly $89 million (1,367 BTC) across 4,585 addresses. Bitcoin dropped from a Sunday high of $63,600 to $62,800 on Monday, down 1% on the day and 4% over the past week. Ether fell over 1% to $1,858, down 5% on the seven-day view. Oil and Treasury yields fell after the U.S.-伊朗 talks eased inflation fears, typically a positive signal for crypto, but the ongoing wallet exploit appears to be the dominant market drag.
02:08
Bitcoin hits $62,000 while Coinbase premium hits 77-day negative streak
The persistent discount on Coinbase suggests US spot buyers have remained less aggressive than overseas traders, even as US Bitcoin ETF inflows turned positive in July.
02:07
Binance Founder Changpeng Zhao (CZ) Recommends Article on Seed Phrase Backup Methods
Binance founder Changpeng Zhao (CZ) shared an article originally written in 2020 and updated in 2025, which discusses different ways to back up seed phrases.
02:04
UK Stocks Poised to Lag as Oil Falls on Iran Optimism
02:03
Elon Musk retweeted that his AI model, Grok, is now capable of analyzing any video, including identifying AI-generated content and explaining it frame by frame.
Elon Musk retweeted that his AI model, Grok, is now capable of analyzing any video, including identifying AI-generated content and explaining it frame by frame. This development marks a significant step forward for Grok in video understanding.
01:58
Trump Media moved 2,628 Bitcoin ($165M) to Crypto.com over the weekend, leaving its discretionary BTC position effectively gone
Wallets attributed to the Truth Social parent company transferred 2,628 Bitcoin, valued at approximately $165 million, to Crypto.com in two transactions on Saturday. This leaves roughly 4,261 Bitcoin in the tagged addresses, which is about $268 million and closely matches the 4,260.73 Bitcoin the company previously pledged as collateral for convertible notes as of March 31. The transfers raise questions about whether these were custody moves or sales, with the answer expected in Trump Media's second-quarter 10-Q filing.
01:27
DeepSeek and Alibaba reportedly launch new AI models, challenging Anthropic and OpenAI.
01:26
Upbit will temporarily suspend deposit and withdrawal services for VeraChain (BERA) starting August 5 at 20:00 KST.
01:02
Ukrainian officials fear the coming winter will be the toughest test since Russia's full-scale invasion, as Russia intensifies missile attacks and Ukraine faces a shortage of air defense systems.
Ukrainian officials, drone industry executives, and national security experts are bracing for another extremely difficult winter, fearing that Russian attacks on energy infrastructure could pose the most severe challenge of the war to date. Russia has recently intensified its missile strikes on Ukrainian cities, possibly aiming to exploit Kyiv's shortage of ballistic missile interceptors. Ukrainian President Zelenskyy emphasized the importance of ensuring the country's energy and infrastructure are fully operational and reliably protected for the upcoming heating season. Former U.S. President Donald Trump stated on July 30 that he has not yet decided whether to allow Ukraine to produce Patriot surface-to-air interceptor missiles, adding new uncertainty to one of Ukraine's most pressing needs.
01:02
Bank of Japan (BOJ) forecasts Japan's economy to grow moderately but decelerate in FY2026, then pick up from FY2027
The Bank of Japan (BOJ) released its July 2026 Outlook for Economic Activity and Prices, expecting Japan's economy to continue growing moderately in fiscal 2026, albeit at a decelerated rate. This deceleration is primarily due to the impact of rising crude oil prices reflecting the situation in the Middle East. However, the economy is expected to be underpinned by government measures, accommodative financial conditions, and increasing global AI-related demand. The BOJ projects economic growth to rise moderately from fiscal 2027 onward, as the adverse effects of high crude oil prices wane and a virtuous cycle from income to spending gradually intensifies. Projected real GDP growth rates are largely unchanged from the previous report.
01:02
Bank of Japan (BOJ) expects CPI to accelerate above 2% in H2 FY2026, then decline towards 2%; risks to CPI outlook skewed to upside
The Bank of Japan (BOJ) released its July 2026 Outlook for Economic Activity and Prices, projecting that the year-on-year rate of increase in the consumer price index (CPI, all items less fresh food) will accelerate to a level clearly above 2 percent from the second half of fiscal 2026. This is driven by ongoing wage pass-throughs, crude oil price increases, rising semiconductor prices due to global AI demand, and recent yen depreciation. Thereafter, the rate of increase is expected to decline toward around 2 percent in the second half of the projection period. The BOJ noted that risks to the CPI outlook are skewed to the upside, with a risk that underlying CPI inflation could deviate upward above 2 percent.
01:01
Alibaba's Hong Kong stocks rose over 6% during intraday trading, following the release of its flagship model Qwen3.8 and the start of public beta testing for "Qianwen Office."
Alibaba released its flagship model Qwen3.8 on August 3rd and simultaneously launched the public beta of "Qwen Office." This move is seen by the market as a crucial part of its AI narrative, with the potential to convert AI investments into revenue. The Qwen3.8 model supports a 1 million Token context and offers more competitive API pricing at 12 yuan per million input Tokens and 36 yuan per million output Tokens. Analysts generally believe that enterprise-level office scenarios can generate more stable and higher-intensity Token call volumes, thereby driving growth in Alibaba Cloud's MaaS revenue and profit. Citi defines Alibaba as a primary beneficiary of China's Token economy, while Morgan Stanley and HSBC also expect AI-related businesses to significantly improve Alibaba Cloud's performance and profit margins.

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