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8/14
04:24
Morgan Stanley analyst Adam Jonas noted in his latest research report that by 2040, an estimated 2.2 billion robots will exist. If each robot is equipped with 500 watts of hashrate, they will collectively generate approximately 1.1 terawatts of hashrate, which could theoretically all be connected via Starlink to form a "distributed inference cloud." This contrasts with Morgan Stanley's own model, which predicts SpaceX's hashrate scale to be around 380 gigawatts by 2040. The report also mentioned that Elon Musk had discussed building a large-scale distributed hashrate network using idle Tesla vehicles and Megapods at Supercharger stations. Furthermore, Morgan Stanley believes that the 14th Starship flight is one of the most important stock price catalysts since SpaceX's IPO. It is expected to be the first capture attempt of the Starship upper stage/spaceship, with the hardware timeline pointing to a September flight. A successful capture would significantly reduce orbital costs, opening up new growth opportunities for SpaceX's space, connectivity, and AI businesses.
04:16
U.S. stock index futures fell in early European trading, after rising on renewed hopes that the Federal Reserve would keep interest rates unchanged at next month's meeting due to weak inflation data. Meanwhile, oil prices rose due to ongoing tensions in the Middle East and the U.S. threat to maintain a naval blockade on Iran indefinitely. U.S. Treasury Secretary Scott Bessent also raised market expectations for measures next week aimed at "economically isolating" Iran.
03:40
Gold futures fell 0.8% to $4,385.90 a troy ounce and spot gold was 0.3% lower at $4,335.63 per ounce, as investors took profits following this week's rally. Prices had surged above $4,400 earlier in the week due to softer inflation data, which reduced expectations of a Federal Reserve rate hike in September. Analysts suggest the broader uptrend remains intact but profit-taking is occurring after the sharp rally, with $4,300 per ounce seen as an immediate support level.
03:26
Russia's largest Baltic Sea port, Ust-Luga, caught fire after a drone attack during the night. The port is a key gateway for Russian energy and commodity exports, and the attack comes as Ukraine intensifies its strikes on Russian port infrastructure.
03:18
The cryptocurrency market is experiencing multiple headwinds, including stalled regulatory progress, outflows from spot Bitcoin ETFs, and rising yields in traditional markets. Progress on the U.S. Senate's "Clarity Act" has stalled, and the U.S. Securities and Exchange Commission (SEC) is reportedly further delaying its "Innovation Exemption" rule, which aims to simplify the trading of tokenized securities on blockchain networks. Furthermore, the SEC's "Crypto Regulation" meeting, originally scheduled for Friday, was abruptly postponed without a new date. In terms of fund flows, U.S. spot Bitcoin ETFs have seen net outflows of $333 million so far this week, reversing last week's inflow trend of $853 million, with cumulative outflows exceeding $4 billion year-to-date. On the macro front, the yield on the U.S. 30-year Treasury auction on Thursday reached 5.22%, a new high since 2001, pushing up the cost of capital and increasing the opportunity cost of holding non-yielding assets like Bitcoin.
03:08
The Bank of Japan released a research paper examining what prevents productivity gains from translating into wages. The paper found that during Japan's deflationary period, wage-setting exhibited both upward and downward rigidity, with upward rigidity being more pronounced. These wage freezes, along with downward nominal wage rigidity, deflation, and an emphasis on job security, suppressed wage growth and widened the wage-productivity gap. Alleviating these factors could raise wages and aggregate productivity through labor reallocation.
02:42
The Bank of Japan (BOJ) is considering accelerating the pace of its tightening after a potential interest rate hike as early as September, moving beyond its current pace of roughly twice a year, three sources familiar with the central bank's internal discussions told Reuters. The market has currently priced in a nearly 80% probability of a September rate hike.
02:25
The index provider has opened a consultation on a new classification based on five financial ratios, rather than cryptocurrency holdings, which would identify companies that primarily create value by accumulating non-operating assets and generate little cash from operations. If applied based on May 2026 crypto holdings, this screen would have resulted in the deletion of Nasdaq-listed Strategy (MSTR) and Tokyo-listed Metaplanet (3350) from the MSCI ACWI IMI Index. An earlier, crypto-specific exclusion proposal in October 2025 was deferred. MSCI is inviting feedback until September 30, with results expected on October 16, and any changes to be folded into the November 2026 index review.
02:21
US 10-year and 30-year Treasury auctions see demand, but investors question high yields' sustainability amid soaring government spending and AI boom. The sales followed a subdued core inflation print, which had eased pressure on the Federal Reserve to raise interest rates next month.
02:08
South Africa is working with the London Stock Exchange to convert outstanding derivatives contracts linked to the soon-to-be-discontinued rand reference rate to the country's new benchmark interest rate, aiming to boost the adoption of the new benchmark in offshore markets.
01:33
LG Group Chairman Koo Kwang-mo and Nvidia founder and CEO Jensen Huang signed an agreement on Thursday to formalize their strategic partnership in humanoid robots, AI factories, and autonomous driving.
01:24
Samsung Electronics has recruited deep learning and vision AI researcher Han Bo-hyung as a fellow, and former Meta data engineering specialist Hahn Tai-rin as an executive vice president. The move aims to accelerate the deployment of AI across its semiconductor operations, including chip design, process development, and manufacturing.
01:03
Societe Generale analysts note that the widening price spread between U.S. COMEX and London Metal Exchange (LME) copper futures has become a real-time indicator of potential U.S. tariffs. Their model suggests the current COMEX premium implies a 14.6% likelihood of the Commerce Department's recommended 15% tariff on refined copper by January 2027, increasing to a 37% probability for a 30% duty by January 2028. The Commerce Department has recommended a phased universal tariff, pending a White House investigation, as U.S. policymakers are increasingly concerned about reliance on imported refined copper.

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