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07:46
Cryptocurrency financial services group Galaxy Digital reported second-quarter revenue that missed analysts' expectations, causing its stock to fall in pre-market trading. The company was founded by billionaire Michael Novogratz.
07:21
The iShares Bitcoin Trust ETF (IBIT), launched on January 11, 2024, has accumulated $46.5 billion in assets under management (AUM) with an expense ratio of 0.25%. In contrast, the Morgan Stanley Bitcoin Trust ETF (MSBT), which launched on April 7, has gathered $392.3 million in AUM and offers a lower expense ratio of 0.14%, making it the cheapest spot Bitcoin ETF. The analysis highlights that while iShares benefits from strong brand recognition and institutional adoption, Morgan Stanley's lower fee could make it a more attractive option for long-term investors, assuming no changes to the expense ratios.
07:21
Melius Research analyst Ben Reitzes stated that if SpaceX executes even 2-3 gigawatts (GW) of its planned AI compute deployment in 2027, it could add approximately $100 billion in incremental revenue for Nvidia. This projection is based on SpaceX's recent commitment, announced during its August 4 earnings call, to build its AI computing platform exclusively on Nvidia's Vera Rubin chips, targeting 20 GW of capacity by the end of 2027. Reitzes believes this demand signal could help push Nvidia's total revenue to $1 trillion, a figure previously projected by Nvidia CEO Jensen Huang for cumulative Vera Rubin chip sales through 2027. Melius maintains a "Buy" rating on Nvidia with a $400 price target.
07:20
In a written reply in Parliament, Singapore's Deputy Prime Minister, Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, Gan Kim Yong, stated that these SFOs manage family funds from various countries and regions, including Asia, Europe, and the Americas. In 2025, Singapore's broader asset management industry grew by 10.1%, with total assets under management reaching S$6.7 trillion. SFOs also grew in tandem, making a positive contribution to employment demand in asset management and auxiliary service sectors such as private banking, legal, and tax advisory.
07:18
Citadel's tactical trading fund also gained 11.1% and its equities fund advanced 14.2% last month, both marking their best month ever. The July gains followed Citadel's acquisition of the bulk of the public-stock portfolio from Situational Awareness, which was forced to unwind positions after steep losses from AI trades triggered margin calls.
07:16
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Overseas Chinese Association in Bangladesh (OCAB) have partnered to establish a business matchmaking platform. This initiative aims to attract Chinese investment into Bangladesh's Ready-Made Garment (RMG) sector, facilitate partnerships, promote the reopening of struggling factories, and attract investment into upstream industries. The partnership follows a meeting on August 4th, where Chinese representatives expressed interest but highlighted challenges due to a lack of accessible information about local business opportunities. BGMEA will now collect detailed factory information to facilitate targeted introductions for interested Chinese investors.
07:16
The company, which manufactures apparel for brands such as Nike, Victoria's Secret, and Lululemon, reported that its second-quarter earnings before interest and taxes (EBIT) increased to $54.6 million, up from $31 million in the same period last year. CEO Isaac Dabah noted that while tariff refunds contributed to the additional earnings, the company's investments in product innovation and manufacturing flexibility also drove performance growth. He added that the company plans to allocate a portion of the refunds towards strategic investments to support future development.
07:16
Longtime Bitcoin critic Peter Schiff argued in a post on X that the recent weakness in Bitcoin, which briefly dropped below $62,000 amid tech stock sell-offs and ETF outflows, is far from over. He expects the broader U.S. stock market, which he deems overpriced, to see a correction spread beyond technology companies, leading to greater selling pressure on speculative assets like Bitcoin. Bitcoin reached a record high of over $120,000 last October but has since lost more than half its value.
07:15
The exchange encourages users to trade responsibly and use lower leverage to protect their accounts from further risk.
07:15
The stablecoin issuer reported adjusted earnings of 18 cents per share, exceeding analysts' consensus of 16 cents, despite revenue of $701 million slightly missing forecasts. Circle's Arc blockchain network, set to launch its public mainnet on September 16, announced over 100 ecosystem and institutional builders, with founding validators including BlackRock, DTCC, ICE, Mastercard, Visa, and Standard Chartered. BlackRock plans to deploy its BUIDL tokenized U.S. Treasury fund on Arc, while DTCC is working on infrastructure to tokenize securities.
07:11
The Financial Conduct Authority (FCA) is changing its rules around information sharing tied to initial public offerings, aiming to make London a more attractive listing destination. These changes will align rules for analysts hired by companies during the listing process with New York's regulations.
07:10
Morgan Stanley pointed out in its latest China equity strategy report that the rebound logic for Hong Kong stocks in the third quarter is further strengthening, driven by improving corporate earnings expectations, the opening up of room for overseas capital inflows, and a more favorable global market environment. The bank recommends that investors re-allocate to Hong Kong stocks now, with a particular preference for the internet sector. In addition, Morgan Stanley's China economics team expects the USD/RMB exchange rate to appreciate to 6.72 and 6.75 by the end of Q3 2026 and year-end, respectively. Exchange rate stability is expected to boost overseas investors' willingness to allocate to Chinese assets.
07:05
Investors are pouring money into U.S. healthcare stocks, betting the sector will extend a rally after years of underperformance, driven by improving earnings, increased deal activity, and attractive valuations. Over the past three months, the S&P 500 healthcare index has risen 11.2%, reaching an all-time high and outperforming the S&P 500's 6% gain over the same period. In July, approximately 50 U.S.-listed healthcare funds attracted $2.44 billion in inflows, extending nearly $1.5 billion in inflows from June, and reversing three consecutive months of net outflows.
07:04
Bybit announced it will adjust the funding rate intervals for SSPCUSDT Perpetual Contracts starting Aug 5, 2026, 11:10 AM UTC. The exchange encourages users to trade responsibly and use lower leverage to protect their accounts from risk.

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