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8/17
03:02
Analysts at Deutsche Bank published a research report on Monday, raising the target price for Chinese autonomous driving company Momenta, calling it the "world's largest independent autonomous driving solution provider," particularly excelling in urban "Navigate on Autopilot" (NOA). Meanwhile, another Chinese autonomous driving company, Pony.ai, is collaborating with Uber to expand its robotaxi service deployment in Europe, signaling the growing recognition of Chinese autonomous driving technology in the European market.
02:59
SK Group Chairman Chey Tae-won and TerraPower Chairman Bill Gates have met twice over the past year, expanding their companies' relationship beyond investment into a strategic partnership. They recently discussed next-generation nuclear power and energy demand from AI data centers, aiming to address the soaring electricity demand in the AI era.
02:46
The Beijing-based company, already listed on Shenzhen's ChiNext board since 2011, is offering 31.29 million H shares at up to HK$102.80 each. Trading is expected to commence on August 25.
02:34
Indian financial institutions have sold a record $8 billion in dollar bonds so far this year, as lenders rush to capitalize on a central bank facility that lowers hedging costs on overseas borrowings.
01:57
The rise was supported by a weaker dollar, as softer US data reduced expectations for Federal Reserve tightening, spurring demand for risk assets.
01:54
South Korea's Supreme Court on Wednesday ruled that Samsung Securities must pay approximately 186 million Korean Won (about 1.31 million USD) in damages to the National Pension Service (NPS), upholding the lower court's decision. This ruling stems from Samsung Securities' "ghost stock" scandal in 2018 and emphasizes that failures in a brokerage firm's internal controls can lead not only to regulatory penalties and trading losses but also to civil liability to investors. The NPS had initially sought 29.9 billion Korean Won in compensation.
01:53
CoinDesk analysis points out that the total open interest (OI) in the Bitcoin futures market has reached $48 billion, while the 24-hour trading volume is only $25 billion. This phenomenon, where open interest significantly exceeds trading volume, could lead to a liquidity trap and sharp price fluctuations. Blockchain analytics firm Glassnode states that when open interest is much higher than daily trading volume, forced liquidations will be difficult to absorb, thereby amplifying adverse price movements. Furthermore, the 24-hour trading volume in the spot market is only $12.55 billion, further exacerbating the risk of potential price volatility.
01:33
Ghalibaf's remarks come as a 60-day US-Iran Memorandum of Understanding (MoU) agreement is set to expire.
01:32
Analysts point out that Japanese automakers are facing a dual risk from the Iran war and the appreciation of the Japanese Yen. Previously, companies like Toyota, Honda, and Nissan benefited from the Yen's historic weakness, but a joint intervention by the US Treasury Department and Japan's Ministry of Finance in early August caused the Yen to strengthen against the US Dollar after falling below 163. Analysts state that every 1% change in the Yen typically affects Japanese automakers' operating profits by about 2%, and for some car companies, it can be as high as 4%. This will force them to choose between raising prices in overseas markets or facing pressure on their profits. Furthermore, the Middle East conflict could lead to supply chain disruptions and increased costs. The Strait of Hormuz and the Red Sea are critical shipping lanes, and Japanese automakers rely on petrochemical products such as aluminum and naphtha. The rise in raw material costs (including naphtha, resins, memory chips, aluminum, copper, and steel) will have a widespread negative impact on the industry's profitability.
01:09
CZ admitted he misjudged the "Ignore coins" feature on Trust Wallet, noting that several users found it useful. The Trust Wallet team acknowledged the feedback, stating the feature already exists but is "buried 5 clicks deep," and CZ anticipates they will make updates to it soon.
00:45
XRP futures open interest rose to approximately $2.78 billion, up 2% over 24 hours, with trading volume jumping 55% to about $1.17 billion. This comes as the token struggles around $1 and social sentiment, according to Santiment, turned its most negative in three months. On 币安 (Binance) and OKX, long XRP positions heavily outnumbered short positions, with ratios around 3.6 to one among larger traders.
00:07
Bybit announced it will support the ValueChain (SOSO) network upgrade, expected on Aug 17, 2026, at 08:30 AM UTC. To facilitate a smooth transition, deposits and withdrawals via ValueChain (SOSO) will be temporarily suspended starting Aug 17, 2026, at 08:00 AM UTC. Trading and other activities will not be affected.
8/16
23:47
Blockchain analytics firm Chainalysis has filed a sealed complaint against the US government, challenging the Immigration and Customs Enforcement (ICE) agency's decision to award a $95 million sole-source contract to its competitor, TRM Labs. The specific objections raised by Chainalysis and the requested remedy remain undisclosed as legal proceedings continue.
23:40
Driven by expectations of Donald Trump government tariff policies, a large volume of copper metal continues to flow into the United States, leading to tighter supply in other global markets. Three-month copper prices on the London Metal Exchange (LME) were reported at $14,368 per ton, up 1.47% from the previous trading day, just a step away from the intraday historical record of $14,527.50 set in late January this year. Copper prices have risen by over 15% year-to-date, recording gains for seven consecutive weeks. Meanwhile, the LME spot copper premium over the three-month futures contract once expanded to $478 per ton, the largest spread since the major short squeeze in 2021, reflecting near-term supply tightness. LME copper inventories have fallen to slightly above 200,000 tons, the lowest level since February this year, further exacerbating supply pressure in the spot market.
23:30
Distressed Indonesian property firm PT Modernland Realty is seeking to restructure a dollar bond for a second time. The company proposes to push out the maturity of its $274.5 million dollar bond due next year and ultimately exchange it for perpetual securities backed by assets, highlighting its liquidity challenges.

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