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8/3
11:45
Tether Gold (XAU₮), the world’s largest tokenized gold product by market capitalization, saw its investor holdings increase by 9.5% in the second quarter of 2026. This reflects strong demand for direct, fully backed exposure to physical gold, even as gold prices fell 14.1% during the quarter. Tether CEO Paolo Ardoino noted that investors continued to accumulate XAU₮ during gold's sharpest quarterly correction in 13 years, indicating that buyers are using market weakness to increase their ownership of physical gold through the transparent and accessible on-chain product.
11:45
OKX will update its Spot and Futures fee groups to simplify the fee structure. Most Spot trading pairs will follow a common Spot fee schedule, while all Futures trading pairs will follow a common Futures fee schedule. Changes to Spot trading fees will apply to Accredited Investors only, with fees for other users remaining unchanged. Spot fee groups 1, 2, and 3 will align with the current Group 1 fee schedule, and Futures fee groups 1 and 2 will align with the current Group 1 fee schedule. These changes will take effect on August 5, 2026, between 15:00 and 17:00 (UTC+8) for fee group definitions, and on August 14, 2026, between 15:00 and 17:00 (UTC+8) for all spot and futures pairs to adopt the latest Group 1 fees. SGD pairs and stablecoin pairs will retain their existing fee schedules.
11:40
The analysis highlights that while Meta Platforms (META) stock has fallen 12% year-to-date and trades at 22 times its trailing earnings (compared to the S&P 500's 25 times), making it appear cheaper, investors should exercise caution. Concerns stem from the company's heavy spending on AI and superintelligence, and significant lawsuits from multiple states seeking up to $1.4 trillion in penalties for its addictive social media platforms and their impact on children. These long-term risks are seen as outweighing the current valuation discount.
11:38
California, home to the nation's busiest containership port complex, is experiencing a significant jump in diesel prices, which have risen to $6.92 per gallon from $5.10 before the Iran war started. This increase, combined with Ukraine's attacks on Russian refining infrastructure, has led to a global diesel demand shortfall of approximately 8%, according to Lipow Oil Associates. JPMorgan analysts note that a substantial portion of America's supply chain is affected by these West Coast fuel prices, influencing freight costs and ultimately the delivered cost of goods nationwide. ExxonMobil CEO Darren Woods stated that this refining challenge is likely to persist for some time.
11:31
Hashdex will shut down its smallest Bitcoin exchange-traded fund, which failed to attract more than $18 million in net assets since its launch over two years ago. The firm plans to pay out investors and sell its 225 BTC holdings in the coming weeks.
11:30
The plan was highlighted in Ariel Investments' "Ariel Focus Fund" Q2 2026 investor letter. Barrick Mining Corporation is a global mining company focused on gold and copper production.
11:29
According to Yahoo Finance and Google Finance, General Motors (GM) stock has risen 61% in the past five years, while Ford (F) stock increased by only 6% over the same period. This disparity is attributed to Ford's substantial EV write-offs totaling $19.5 billion, compared to GM's combined $7.6 billion, as well as Ford's 153 safety recalls last year and its trailing market share behind GM and Toyota in the US.
11:26
Matt Prusak, who served as president and interim chief financial officer of American Bitcoin (ABTC), is leaving the company effective August 4. He will join Giga Energy, an AI and energy infrastructure developer, as its chief business officer and interim CFO. This move highlights a broader industry trend where executives are shifting towards the energy and data center buildout sector, increasingly underpinning both bitcoin mining and artificial intelligence.
11:19
Acting Attorney General Todd Blanche has reached an agreement with two Republican senators to formally rescind an order creating an “anti-weaponization fund.” This deal is expected to pave the way for Blanche’s confirmation as the nation’s top law enforcement officer.
11:18
During a fireside chat, Conexeu Sciences Inc. (Nasdaq: CNXU) CEO Miles Harrison discussed the company's preclinical-stage tissue regeneration technology, which aims to address large-volume tissue restoration. Harrison noted a growing demand for treatments to restore lost facial and body volume, driven by the widespread use of GLP-1 weight-loss drugs. The company anticipates an FDA 510(k) submission in early 2027 for its initial indication, with further plans to expand into dental and veterinary markets.
11:13
The lawsuit, filed by Hagens Berman in the US District Court for the Western District of Washington, challenges Amazon's use of Marine Stewardship Council (MSC) certification, which it describes as operating on a "pay-for-play" basis. It alleges Amazon used terms like "sustainable" and "MSC Certified Sustainable Seafood" for products including its 365 by Whole Foods Market line, giving consumers a false impression of environmental practices. The complaint also claims Amazon breaches US Federal Trade Commission's Green Guides and Washington state consumer protection law, seeking consumer reimbursement and an injunction against these practices.
11:13
Yahoo Finance analysis suggests that Meta Platforms (META)'s earnings per share (EPS) missed expectations, primarily due to a one-time legal fee of $2.4 billion rather than weak advertising business, and the stock remains attractive. Amazon (AMZN)'s AWS business grew by 37%, its fastest growth in 18 quarters, and is also considered attractive. Apple (AAPL), despite beating earnings expectations for the ninth consecutive quarter, saw its stock price fall by 9% after the earnings release due to market concerns over tariff refunds boosting profit margins, and is now considered fairly valued.
11:12
Citadel Securities LLC is forecasting that public and private markets will see over $500 billion in new debt by 2028, specifically to bankroll the chips required for artificial intelligence campuses.

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