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8/21
09:55
Zames will assist Social Security Commissioner Frank Bisignano, a former JPMorgan colleague, in modernizing the agency, which currently relies on decades-old technology systems. The SSA's trust fund is projected to be exhausted in less than a decade, potentially leading to benefit cuts for millions of Americans.
09:54
Kalshi, a prediction market platform, currently prices the chances of a deal at 11% before March 1, 2027, 22% before January 1, 2028, and 35% before January 20, 2029.
09:48
Bitcoin ETFs' 7-day net inflow reached +22,043 BTC (+$1.7B), and Ethereum ETFs' 7-day net inflow totaled +219,254 ETH (+$523.54M).
09:46
U.S. S&P Global August Flash Manufacturing PMI also came in at 53.2, slightly below the forecast of 53.9.
09:45
Bitcoin ETFs saw net inflows exceeding $1 billion in two days, reaching a cumulative $1.61 billion over four days. Bitcoin briefly surpassed $79,000 and is currently trading around $76,900, up 5.8%. On Thursday alone, net inflows reached $606 million. This round of capital inflows and price rebound comes amidst increased attention to cryptocurrencies from the Donald Trump administration and a resurgence of the "dollar devaluation" trade, indicating renewed investor interest in cryptocurrencies.
09:38
U.S. Central Command told CNBC this week that it also assisted approximately 1,300 merchant vessels through the strait during the same period. Despite Iranian threats and attacks, these figures indicate that a significant amount of oil continues to pass through this strategic waterway. The security situation in the Strait of Hormuz remains tense, with Iran previously stating it had closed the strait, while the U.S. insists it is open and under its control.
09:37
The bank cites weakening market internals, defensive rotation, and fading conviction in AI stocks as key risks. Strategist Jason Hunter notes similarities between today’s AI trade and the 1999-2000 tech boom, raising concerns about crowded technology exposure. Rising Treasury yields, Middle East tensions, and softer consumer spending further add to the risks.
09:00
The latest documents disclose Apple's tax liabilities worldwide, with this payment made pursuant to a previous court ruling on retrospective taxation.
08:54
The war between the United States and Israel against Iran has entered its sixth month. This week, the US redeployed its last aircraft carrier in Asia, the USS George Washington, from Japan to the Middle East. This follows previous moves to reallocate some components of the THAAD system from South Korea and reduce missile and ammunition stockpiles to support the war effort. William Yang, a senior analyst at the International Crisis Group, noted that these actions have weakened US power projection in Asia and its ability to counter the threat from China. Against this backdrop, the Chinese navy fleet has become increasingly active, and the China Coast Guard has increased its activities in waters east of Taiwan since June. In response to regional security challenges, US allies in Asia have begun to increase their defense spending. Taiwan has announced plans to raise its defense spending by 18% by 2027, and the Philippine Secretary of National Defense has called for defense spending to increase to 4% of GDP.
08:45
Perpetual futures, or "perps," are rapidly disrupting traditional exchanges, with their 24/7, non-expiring trading model. Following President Trump's recent press conference, which teased a path for CFTC regulation of decentralized perp platform Hyperliquid, Wall Street may shift from resisting to embracing these products. The rise of perps has already led to a combined $18 billion market value drop for CME Group, Cboe Global Markets, Intercontinental Exchange, and Miami International Holdings in two days. While U.S. approval for perps has been limited to cryptocurrencies, Trump's comments suggest regulated trading could soon extend to traditional asset classes like stocks and commodities, potentially challenging traditional exchanges' revenue streams from derivatives roll-overs. Hyperliquid, a leading decentralized venue, recorded nearly $200 billion in notional volume last month, and i
08:40
On-chain monitoring shows that Ethena transferred 170 million ENA to FalconX three days ago, valued at $14.09 million at the time. Just now, Ethena reclaimed these 170 million ENA from FalconX, with their value having increased to $23.68 million, achieving a gain of $9.59 million (+68%) in just three days.
08:34
The U.S. Treasury Department announced it has redesignated Lebanon's Hezbollah as an agent of Iran and imposed sanctions on a network allegedly providing funding to the organization. This network purportedly transferred hundreds of millions of dollars using couriers on commercial flights between Lebanon, Turkey, the UAE, and Iran, and is linked to Iran's Islamic Revolutionary Guard Corps (IRGC). This move aims to cut off Hezbollah's access to foreign currency and its ability to circumvent sanctions outside the formal financial system.
08:32
The potential deal would expand Nvidia’s push into AI infrastructure, helping secure future data-center capacity for its chips. Cloverleaf Infrastructure specializes in securing reliable electricity and powered land for major data-center projects, with over 10 gigawatts in its pipeline. Nvidia has also recently invested in other power developers, including Lancium and SoftBank’s SB Energy.
08:22
Canadian Trade Minister Dominic LeBlanc said the two sides were "very close" to reaching a deal. Donald Trump had previously postponed tariffs, originally set to take effect on Wednesday, by three days. If no agreement is reached, 50% tariffs on goods including hockey sticks and wine will take effect at 00:01 ET on Saturday. Sticking points in the negotiations include Donald Trump's previous tariffs on Canadian steel, aluminum, and lumber, which Donald Trump has hinted he might reduce, and the possible revival of the Keystone XL oil pipeline project.
08:13
Bob McNally, founder and president of Rapidan Energy Group, stated that the global crude oil refining system has no room for error. He pointed out that increased Ukrainian attacks on Russian refineries, US facilities operating near full capacity, and the closure of the Strait of Hormuz are all putting immense pressure on the system.
08:07
Standard Chartered analyst Geoff Kendrick stated that Bitcoin could move toward its $126,000 all-time high after Oct. 6, as spot Bitcoin ETF inflows recover.

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