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8/10
20:48
South Korea's exports rose 45.3% year-on-year to $21.3 billion in the first 10 days of August, driven by strong global demand for memory chips. This marked the highest amount ever recorded for the period. Imports also increased by 23.1% year-on-year to $19.5 billion.
20:29
Tencent Holdings Ltd.'s early success with WorkBuddy may give the Chinese internet giant a chance to catch up after lagging peers in the artificial intelligence race for the past few years.
20:20
Sean Johnstone, a TMT expert for Europe at Goldman Sachs, pointed out in his latest report that HBM (High Bandwidth Memory) and DRAM orders are sold out until 2027, with long-term agreements having price floors and gross margins remaining in the mid-to-high 70% range. He stated that structural AI demand will continue to tighten supply until 2028. However, he also noted that the month-over-month increase in memory chip prices has slowed, and is expected to peak in Q2-Q3 2027, followed by a potential mild and slight decline. Memory costs in NVIDIA's next-generation "Vera Rubin" superchip already account for approximately 62% of the overall bill of materials, and NVIDIA is evaluating HBM stacking solutions with fewer layers to reduce costs. Additionally, Apple is testing products from Chinese memory chip manufacturer CXMT to alleviate memory supply pressure caused by AI demand.
20:04
The tender offer provides liquidity to employees and values the frontier AI lab at the same $852 billion as its most recent fundraising round in March. While OpenAI confidentially filed with the SEC in June for a potential IPO later this year, the tender offer suggests a public offering may not be imminent. This move allows employees to realize stock compensation value without the complexities of an IPO, a common practice for tech companies staying private longer.
19:57
Nick Timiraos, a Federal Reserve correspondent, noted that given recent Fedspeak, the core PCE inflation measure in the next few months could be important in determining whether policymakers maintain their forecast of gradual disinflation with no policy change.
19:15
Currency traders are stepping up bullish options bets on the Taiwan dollar, signaling a shift in sentiment after the currency suffered its worst July since 2015.
19:14
Former U.S. President Donald Trump announced his "Complete and Total Endorsement" for Brad Finstad, a fourth-generation family farmer and member of the House Agriculture Committee. Trump praised Finstad for his work in Congress, including efforts to grow the economy, cut taxes and regulations, promote U.S. manufacturing, unleash American energy, safeguard elections, secure the border, and strengthen the military. The endorsement comes ahead of Election Day on Tuesday, August 11th.
19:07
Donald Trump, via Truth Social, announced his "Complete and Total Endorsement" for Pete Stauber, highlighting Stauber's support for law enforcement, military, and veterans, and his efforts to grow the economy, cut taxes, and promote American energy and manufacturing. The endorsement comes as Stauber seeks re-election, with Election Day scheduled for Tuesday, August 11th.
18:46
Her departure is one of several high-profile exits at the group in recent weeks as safety concerns mount.
18:44
US SEC Alleges Investment Adviser Adit Ventures and Co-founder Eric Munson Misled Investors with False Claims and Millions in Undisclosed Fees for Pre-IPO Shares of Companies Like SpaceX and Klarna
18:16
Anthropic announced on Monday that it will permanently maintain the initial pricing of Claude Sonnet 5, canceling the plan to increase input token prices to $3 per million and output token prices to $15 per million, which was originally scheduled for late August. This adjustment is particularly important for AI agent developers, as it means that businesses building workflows based on Sonnet 5 can achieve more stable cost expectations. Anthropic confidentially filed its IPO registration documents on June 1, and the market expects it to potentially go public later this year.
18:03
Morgan Stanley announced it will facilitate $1.5 trillion in capital raising, financing, and related investment activity over the next decade. This initiative aims to support clients in building and scaling companies, technologies, and infrastructure deemed central to the economic and national security of the United States.
17:59
Donald Trump Trump Media & Technology Group released its second-quarter financial results on Monday, reporting a net loss that far exceeded the nearly $20 million loss recorded during the same period last year. The company stated that the loss was primarily due to a decline in the value of non-cash assets, including a loss of over $190 million resulting from digital assets, pledged digital assets, and equity securities.In addition, the company disclosed that its Truth API service has signed more than 10 client agreements, primarily with high-frequency trading firms, which pay monthly fees ranging from $60,000 to $100,000.
17:56
Michael Saylor retweeted a CoinDesk tweet, which mentioned MicroStrategy's desire to become "the central bank of Bitcoin." MicroStrategy executive Phong Le elaborated on the company's strategy to go beyond Bitcoin through digital credit on CoinDesk's "Public Keys" show.
17:33
The Presidential message emphasizes the proud tradition of recreational shooting and hunting, and the exercise of Second Amendment rights. It notes that the Department of Justice (DOJ) and the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) have updated regulations to align with statutory language and case law, aiming to reduce unnecessary burdens on law-abiding gun owners while upholding the Constitution. Additionally, the Bureau of Land Management (BLM) and the United States Forest Service are expanding access to recreational shooting opportunities on designated public lands.
17:24
US President Donald Trump stated on Monday that his relationship with Israeli Prime Minister Benjamin Netanyahu remains "very good," even after Netanyahu explicitly rejected a US-led 15-point peace plan for Gaza. Netanyahu had formally asserted his refusal on Sunday, opposing the plan which called for Israel to begin pulling back forces in tandem with disarmament by Hamas. Netanyahu vowed that the Israeli army would not withdraw until Hamas is disarmed and that "no Palestinian state will arise as long as I am prime minister."
17:12
Cleveland Federal Reserve President Beth Hamack said on Monday that multiple interest rate hikes may be needed to bring inflation down to the Federal Reserve's 2% target, but she did not want to prejudge how many hikes would ultimately be necessary. She emphasized that current interest rate levels are not "meaningfully restrictive" to the economy and does not believe inflation will return to the target level on its own. Hamack was one of three dissenting officials who supported an interest rate hike in the Federal Reserve's decision last month to keep rates unchanged.
17:03
Supporters of the open-source Bitcoin payment processor BTCPay Server have offered a recovery bounty of up to 3 Bitcoin (BTC) following a critical exploit of the platform. BTCPay stated that artificial intelligence (AI) may have been used to exploit the vulnerability, and credited Craig Raw and the Bitcoin Red Team fund for reporting the issue.
17:03
A New York judge granted a motion filed by US prosecutors in July to stay the CFTC’s civil case against Gannon Ken Van Dyke, who made more than $400,000 on prediction markets.
17:02
Bloomberg reports that a growing share of equity leverage is riding on the same AI names, many of which have seen historic swings, causing risks to spread to the broader equity market.

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