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8/3
11:59
Oil prices fell as U.S. President Donald Trump called off an attack on Iran, saying talks would resume on Monday.
11:55
Hugging Face CEO: China Is Winning the AI Race, Dominating Open-Source Models
Hugging Face CEO Clément Delangue stated that China dominates the open-source AI model space and could catch up to leading US model makers this year or next. He pointed out that China's open, collaborative, and sharing ecosystem is driving its progress, while US model makers are "each doing their own thing."
11:51
Janus Henderson investors' letter pointed out that Oracle (ORCL) has an AI-related contract order backlog of over $550 billion, but faces challenges in funding construction.
Janus Henderson Investors' Forty Fund highlighted in its Q2 2026 investor letter that Oracle has become a significant player in the AI market, with its AI-related contract backlog exceeding $550 billion. However, the company is facing the challenge of how to finance its massive AI infrastructure build-out, despite its management's equity and debt financing plans earlier this year having been well-received by investors.
11:50
Pershing Square CEO Bill Ackman said, "Never short Elon Musk," but is not investing in SpaceX for now due to valuation and predictability issues.
Bill Ackman, founder and CEO of Pershing Square Capital Management, highly praised Elon Musk in a recent interview as "the most talented technologist and entrepreneur of our generation," adding, "never short Elon Musk." However, he stated that he is not currently investing in SpaceX, primarily due to its high valuation and lack of predictability.

Ackman pointed out that SpaceX's initial listing valuation was as high as $1.77 trillion, and although it had dropped to $1.43 trillion as of July 31, it was still trading at a price-to-sales ratio of approximately 75 times last year's sales of $18.7 billion. Furthermore, SpaceX's business portfolio includes capital-intensive rocket launches (a small loss in 2025), profitable Starlink internet services ($4.4 billion in operating income in 2025), and an AI business that is still burning cash (negative $6.4 billion in operating income in 2025). This mixed model does not align with the predictability Pershing Square seeks in its investment targets. SpaceX's first lock-up period is set to expire on August 6, which could lead to further selling pressure.
11:49
Colombian Peso Sees Biggest Drop in Three Months After Central Bank Unexpectedly Pauses Rate Hikes and Announces Dollar Reserve Program, Signaling Currency's Rally Had Gone Too Far
11:45
Tether Gold (XAU₮) Investor Holdings Rose 9.5% in Q2 2026, Despite Physical Gold Prices Falling 14.1%
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 to Update Spot and Futures Trading Fee Structure, Aligning Fee Groups and Applying Changes to Accredited Investors Only, Effective August 5 and August 14 (UTC+8)
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
CNH Industrial's strong earnings report drives Deere's stock higher
11:40
Analysis suggests holding off on buying Meta Platforms stock despite 12% YTD decline and lower valuation, citing potential $1.4 trillion in lawsuits over social media addiction and child saf
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 diesel prices surge to $6.92/gallon since Iran war began, up from $5.10, impacting U.S. supply chains
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 to shut its smallest Bitcoin ETF after over two years, having attracted less than $18 million in assets; plans to sell 225 BTC
Hashdex will shut down its smallest Bitcoin exchange-traded fund, which failed to attract more than $18 million in net assets since its launch over two years ago. The firm plans to pay out investors and sell its 225 BTC holdings in the coming weeks.
11:31
Michael Saylor retweeted Phong Le, stating that MicroStrategy ($MSTR) has outperformed Bitcoin in every four-year holding period since adopting Bitcoin on August 10, 2020, with its outperformance driven by growth in Bitcoin per share.
11:30
Barrick Mining (NYSE:B) is advancing plans to spin off its North American Gold Assets via an IPO by year-end.
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
DeItaone reports Trump states: "Whether Iran wants to admit it or not, we are, in fact, talking of a solution to a problem that they have caused, for decades."
11:29
GM stock surged 61% over five years, significantly outperforming Ford's 6% gain, reflecting investor sentiment on their respective strategies.
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.
11:28
DeItaone reports Trump stated on Iran: "Nothing gets through to Iran, unless we want it to, and nothing will get through, unless a deal, or total surrender, is accomplished."
11:28
DeItaone reports Trump states Iranian leadership is unbelievably duplicitous.
11:26
Matt Prusak, President of Trump-linked Bitcoin Miner American Bitcoin, Departs to Join AI Power Infrastructure Firm Giga Energy as CBO
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 Strikes Deal With Republican Senators to Rescind 'Anti-Weaponization Fund' Order, Paving Way for Confirmation
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
Conexeu Sciences CEO Miles Harrison Highlights Tissue Regeneration Tech for GLP-1 Related Volume Loss, Eyes Early 2027 FDA Submission
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.

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BTCBitcoin
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