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8/14
05:01
Asian-Pacific markets generally rose, influenced by cooling US inflation and reduced market expectations for a September interest rate hike by the Federal Reserve. The Korea Composite Stock Price Index (KOSPI) closed at 6,977.34 points on Friday, accumulating an 11% gain this week, ending a seven-week losing streak. Meanwhile, Samsung Electronics and SK Hynix both saw gains of over 15% in the past five trading days.
04:56
OpenAI and Anthropic are pushing the industry to shift the metric for AI model costs from the traditional "cost-per-token" to "cost-per-task." This move aims to counter market competition from companies like Meta and SpaceX, which offer extremely low token prices, and to re-establish a value framework for their own high-premium models. Both OpenAI CFO Sarah Friar and Jonathan Pelosi, Head of Financial Services at Anthropic, stated that lower-cost models might require more attempts and human review, whereas more capable models can complete a task in one go. Therefore, "cost-per-task" better reflects actual value. Data from the corporate spend management platform Ramp shows that enterprise adoption of both companies has slowed. Anthropic's strongest model, Fable 5, accounts for only 11% of its Claude software spending, indicating that enterprises have a ceiling on AI payments and that higher performance does not necessarily justify a higher price.
04:54
The price of Bitcoin has fallen below $63,000. This comes as WTI crude oil climbs above $82 a barrel, adding to inflation pressure and weighing on risk assets, including cryptocurrencies, as bond yields continue to increase.
04:39
The change, effective August 17, 2026, aims to improve settlement stability and trading experience. Other settlement mechanics, including index source and outcome determination, remain unchanged, and the update will not affect users' P&L settlement amounts or fees.
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.

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