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8/7
00:50
Turkish President Recep Tayyip Erdogan is in Saudi Arabia on Friday for a one-day working visit. His office stated the trip would focus on bilateral relations and regional developments. Erdogan is expected to hold a trilateral meeting with Saudi Crown Prince Mohammed bin Salman and Pakistani Prime Minister Shehbaz Sharif.

Regional media reports, citing sources close to the Saudi military and Turkish intelligence, indicate the three leaders may sign a joint defense agreement in Jeddah. If confirmed, this pact could extend the existing Strategic Mutual Defense Agreement between Saudi Arabia and Pakistan into a three-way framework with Turkiye. However, none of the governments have publicly confirmed such an agreement, and a more modest joint statement remains possible.
00:42
South Africa's top finance official stated that authorities are focused on hitting budget targets rather than pleasing credit-rating firms, with the bond market already reflecting an investment-grade valuation for its debt.
00:33
Technical analysts note that Bitcoin's recent price action, while appearing unremarkable, is forming a bullish inverse head-and-shoulders pattern. This setup, if confirmed by a decisive break above the neckline resistance at approximately $66,800, could suggest a rally towards $76,000. However, the pattern is not yet confirmed, and a break below the 50-day simple moving average, currently near $63,321, would indicate the setup is losing momentum. Analysts also cite dwindling odds for the Clarity Act's passage as a potential headwind.
00:09
Deposits and withdrawals for BABY1 will be temporarily suspended from approximately Aug 7, 08:30 AM UTC, ahead of the upgrade expected around 09:00 AM UTC. Trading will not be affected.
00:08
The UK's subdued IPO market has led to fewer exit paths for private equity and venture capital firms, increasing their reliance on selling assets to other buyout firms or large corporations to generate returns, according to PitchBook data.
00:06
Cathie Wood's Ark Invest bought $21 million worth of Block Inc. (SQ) shares on Thursday, adding 267,676 shares across its ARKK, ARKW, and ARKF ETFs. The purchase came as Block's stock fell 6.15% to close at $79, following concerns raised by analysts about the company's rising operating expenses in Q2, despite reporting solid financial results and cutting 40% of its workforce in February.
00:04
Data released by the General Administration of Customs of China on August 7 showed that in July (denominated in US dollars), exports increased by 23.9% year-on-year, lower than the previous value of 27%; imports increased by 27.5% year-on-year, lower than the previous value of 36%; and the trade surplus was 112.5 billion US dollars, lower than the previous value of 125.62 billion US dollars. The strong performance of high-tech product exports was a major highlight, with semiconductor exports nearly doubling year-on-year by value, and overall high-tech product exports expanding by 40.7%, mainly driven by the global boom in artificial intelligence infrastructure construction and demand for renewable energy products.
00:01
Pacific Basin chief executive Martin Fruergaard said the company was ready for further business disruptions that may emerge later this year, backed by its 25 ships and strategic flexibility.
8/6
23:56
The Indian Parliament's Sub-Committee on Communications and Information Technology on Wednesday demanded that Meta CEO Mark Zuckerberg apologize within three days for the company's previous restriction of Prime Minister Narendra Modi's Facebook posts. If Meta fails to apologize, the panel will recommend revoking the company's "safe harbor" immunity in India. Revoking this protection would make Meta legally liable for user-generated content on its platform, which legal experts say would make it almost impossible for Meta to operate in India. Joel Kaplan, Meta's President of Global Affairs, has already apologized to India's Minister for Information Technology, Ashwini Vaishnaw, for the "error" of restricting Modi's posts, but Nishikant Dubey, the chairman of the parliamentary panel, insisted on an apology from Zuckerberg himself.
23:09
This move aims to address a broader crackdown on outflows of state cash and resolve fragmented cash management resulting from decades of overseas expansion, making it easier for regulators and company headquarters to track liquidity, foreign-exchange risk, and cross-border financing.
22:47
On August 7, most commodities in China's domestic futures market rose, with crude oil up over 4%, fuel oil up 3%, and coking coal, asphalt, and polysilicon up over 2%.

On the same day, the A-share market fluctuated upwards. As of the time of writing, the ChiNext Index rose by 1.74%, the Shenzhen Component Index rose by 1.08%, and the Shanghai Composite Index rose by 0.22%. Sectors such as hashrate hardware, CPO, PCB, and innovative drugs performed actively.

The Hong Kong stocks market opened lower and continued to fall, with the Hang Seng Index down 0.49% and the Hang Seng Tech Index down 0.84%. AI large model concept stocks MINIMAX-W and Zhipu once surged over 15% during intraday trading.

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