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8/3
22:56
In a report published on Monday, Goldman Sachs commodities analysts Daan Struyven and Lia Thomas stated that China acts as a de facto “volatility arbiter” for global commodity markets. They noted that Chinese policies tend to dampen price volatility in hydrocarbons and gold through price-sensitive import demand, while amplifying volatility in critical metals due to China's supply chain dominance and its use as leverage in AI and geopolitical competition with the US. The report cited low Chinese crude imports as a key factor preventing oil prices from rising further despite significant supply shocks.
22:20
A Hong Kong resident was scammed out of $3.3 million in a crypto romance investment fraud. Separately, Malaysian authorities have expressed strong disapproval regarding an OnlyFans-related scandal at an after-party following the Malaysia Blockchain Week event. Hong Kong saw a total of $9 million lost to similar fake romance crypto investment scams in a single week.
21:45
Deutsche Bank precious metals strategist Michael Hseuh stated that the "explosive upside phase" for gold prices, which began in August 2024, has not yet ended, and maintained his forecast of $4,600/ounce for gold by Q4 2026. This judgment is based on a triple framework of a fair value model, statistical tests, and official demand data, and responds to the Bank for International Settlements (BIS)'s previous warning in December 2025, which characterized the gold market as being in a "bubble state." The report indicates that official gold demand reached a record high of $45 billion in Q2 2026, providing structural support for gold prices.
21:44
Indian lenders are racing to boost the leverage on foreign currency deposits they offer to overseas citizens, leading to a surge in dollar demand that is firing up the country's dollar bond and loan markets. Global banks are reportedly rushing to capture this business.
21:01
The deleveraging was concentrated in tech stocks on the Shanghai and Shenzhen exchanges, contributing to the Star Market 50 Index's worst monthly performance since its inception. This unwinding of positions occurred amid a tech sell-off, undermining Beijing’s efforts to stabilize the equity market.
20:56
The Asia-focused lender's stock rally to a record has set a high bar for its upcoming earnings. Investors are particularly focused on the results to see if they can sustain the rally, looking for details on capital returns, buyback prospects, and the overall outlook.
20:47
This latest staking brings Bitmine's total staked Ethereum to 5,067,309 ETH, valued at $9.38 billion, which represents 87.4% of its total holdings.
20:41
The Japanese Ministry of Finance has confirmed that it has jointly intervened with the U.S. Treasury Department, spending nearly $100 billion over two days to buy Japanese yen, a record amount, and warned that it would not hesitate to act again if necessary. This marks the first time that the U.S. and Japan have jointly intervened in the foreign exchange market since the Fukushima nuclear disaster in 2011. Following the news, the yen briefly strengthened significantly, but the sustainability of the rebound is questionable, having quickly fallen by over 200 points from its post-intervention high, with USD/JPY closing at 156.99, only a slight increase of 0.3%.

Wall Street analysts generally believe that the core reason for the ineffectiveness of the intervention lies with the Bank of Japan (BOJ). Goldman Sachs economists expect the Bank of Japan (BOJ)'s next rate hike to be in January 2027, which means that the short-term interest rate differential of over 200 basis points between the U.S. and Japan will persist for a long time, and the yen is likely to continue to weaken. Analysts point out that the Bank of Japan (BOJ) is reluctant to raise interest rates because it holds more than half of Japan's government bonds, and a rapid rate hike could trigger a sharp drop in bond prices, leading to the risk of a collapse in the fiscal structure.
20:21
Japanese stocks rose in early trade, tracking overnight gains in U.S. technology shares.

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