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8/5
22:40
After opening collectively lower in early trading, China's A-share market saw its three major indices turn positive during the session. As of the time of writing, the Shanghai Composite Index is up 0.40%, the Shenzhen Component Index is up 0.38%, and the ChiNext Index is up 0.25%. Sectors such as non-ferrous metals, precious metals, coal, petrochemicals, and the semiconductor industry chain are performing actively.
22:32
Ark Invest's purchase of Circle (CRCL) shares came as the stablecoin firm reported Q2 revenue of $701 million, up 7% year-over-year, with USDC in circulation rising 19% to $73.3 billion. Meanwhile, Ark bought SpaceX (SPCX) shares after they plunged 13.61% to $108.27, despite a 92% revenue jump to $7.8 billion in Q2, with investors concerned about a sixfold increase in capital expenditure to $18.4 billion.
22:22
The law establishes a regulatory framework for the cryptocurrency market, setting rules for exchanges, custodians, and investors. It maintains a ban on using crypto for domestic payments but permits its use for cross-border settlements in foreign trade contracts. Retail investors are allowed to buy the most liquid cryptocurrencies, capped at 300,000 rubles ($3,700) annually per intermediary, while qualified investors face no limits. Both categories must pass a "special suitability testing." Crypto exchanges are required to join a "special registry" with a minimum equity of 15 million rubles ($185,200) and join a financial market self-regulatory organization. The legislation is set to take effect on September 1, 2026, with some provisions on issuance and circulation effective September 1, 2027, and a grace period for existing exchanges until March 1, 2027.
22:11
Dimon stated that margin debt is at an all-time high, including hidden forms of borrowing through prime brokerages, hedge funds, exchange-traded funds, and Treasury arbitrage strategies. He noted that high leverage increases the risk of a single investor or fund triggering broader volatility. He cited the recent losses of AI-focused hedge fund Situational Awareness as an example, for which JPMorgan was a prime broker, but clarified that he does not consider the current leverage a systemic threat like the 2008 financial crisis. Dimon also warned that structural demand for capital could reignite inflationary pressures, pointing to government deficits, infrastructure investment, and global rearmament as forces supporting higher long-term interest rates.
21:39
Sam Blackshear表示,他将专注于AI安全工作,因为他认为AI正在改变攻击者和防御者之间的平衡。
21:18
This measure aims to address the issue of stocks like SK Hynix experiencing significant price deviations due to low liquidity and small trading volumes during pre-market hours. Previously, SK Hynix had momentarily hit its 30% downside limit in Nextrade pre-market trading due to a very small number of shares being traded. A similar incident on the 28th of last month led to the forced liquidation of approximately 83 billion Korean Won (about 60 million US dollars) in perpetual contracts in the overseas cryptocurrency derivatives market. The new static circuit breaker mechanism stipulates that if the declared price deviates by 10% or more from the previous day's closing price or reference price, the system will pause immediate matching and switch to a two-minute call auction to discover a reasonable price.
21:14
Nick Timiraos reported that San Francisco Fed President Mary Daly will deliver a speech tonight (Thursday morning in Tokyo time) outlining a bimodal economic outlook. Daly indicated that while scenario one remains her base case, scenario two has been gaining traction and warrants closer attention. Regarding the Federal Reserve's decision not to act in July, Daly clarified that it was not about "fine-tuning" policy, but rather about determining if the economy is in a fundamentally "different world" that would necessitate a more substantial policy adjustment. She added that more information is forthcoming, which could reveal a "very different situation" if recent shocks subside.
21:04
According to The Wall Street Journal, some investors purchased shares in private companies like SpaceX through Special Purpose Vehicle (SPV) funds, hoping to gain "exposure" before the companies went public. However, they were later informed that these shares had been sold even before actual trading began. The report noted that such SPV funds operate with less regulation and are typically only accessible to accredited investors.
21:01
Wall Street Insights analysis suggests that this surge was the largest single-day gain since February and the highest closing price since June 18. On a macro level, the ADP July new jobs report was much lower than expected that day, Donald Trump stated that negotiations with Iran were progressing smoothly, WTI crude oil plummeted by 5.5%, and the DXY fell below 100. These factors collectively pushed down the probability of a September rate hike and U.S. Treasury yields, providing an initial catalyst for gold's rise. However, the analysis believes that the core driver of the extraordinary 4.48% surge was the concentrated triggering of programmatic short-covering orders by CTA funds after gold prices broke through the key technical level of $4200, leading to a large-scale short squeeze, rather than active buying pushing up prices.

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