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24/7 News

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8/24
06:10
Zaye Capital Markets notes that Bitcoin is increasingly behaving as both a risk asset and a hedge against inflation, government debt, and geopolitical uncertainty, strengthening its long-term "hard asset" appeal. However, the firm believes further gains will require genuine investor demand, not just traders closing bearish positions. Institutional inflows, regulatory progress, and Treasury-market conditions could become more important than momentum alone. Bitcoin rose 1.5% to $77,406 after hitting a three-month high.
06:08
The analysis suggests that Dogecoin will trade below $0.10 for most of 2026, having recently fallen below $0.07, a 90% drop from its all-time high of $0.73 five years ago. However, due to Dogecoin's lack of practical use and the continuous increase in supply from 5 billion new coins mined annually, its value faces dilution. The analysis predicts that Dogecoin's current price of $0.084 could fall to $0.081 in the next year due to dilution, and in the long term, its price could halve to $0.04 within the next 31 years, potentially leading to significant losses for investors.
06:02
Unitree Robotics debuted on the STAR Market on August 19, with an opening price of 1100 RMB on its first day of trading. As of the close on August 24, its share price had fallen to 603.08 RMB, a retreat of over 40% from its opening price on the first day, with its total market capitalization dropping to approximately 243.9 billion RMB, evaporating about 200 billion RMB in just four trading days. Market analysis suggests that the rapid decline in share price is related to the company's 219x price-to-earnings ratio for 2025, the cooling of AI trading, and founder Wang Xingxing's statement extending the commercialization cycle for humanoid robots to "2 to 3 years at the fastest, and 5 to 10 years at the slowest."
06:01
Morgan Stanley believes the current market is undergoing a major transformation not seen since World War II, and expects bond yields still have room to rise.
06:00
Oil’s renewed rise could push yields higher and ultimately force the Federal Reserve to act to help Chairman Kevin Warsh bring inflation back to target, according to Morgan Stanley strategist Michael Wilson. He suggested using energy stocks to hedge portfolios.
05:57
Mazen Al-Sudairi, former head of research at Al Rajhi Bank, was appointed chairman of Saudi Arabia’s Capital Market Authority earlier this month, replacing Mohammed ElKuwaiz. This leadership change has revived investor and banker hopes for further liberalization, including a much-awaited easing of foreign-ownership limits.
05:56
Bybit will support the THORChain (RUNE) v3.20.0 network upgrade, which is expected to take place on Aug 25, 2026, at approximately 11:10 PM UTC. To ensure a smooth transition, deposits and withdrawals via THORChain (RUNE) will be temporarily suspended starting from Aug 25, 2026, 10:30 PM UTC. Trading and other activities will not be affected.
05:54
The research firm notes that hyperscalers are increasingly relying on debt markets to finance massive AI spending, making higher borrowing costs a growing risk. Wolfe expects continued market volatility as investors watch Nvidia earnings, inflation data, and Fed Chair Kevin Warsh.
05:52
The analysis suggests that while NVIDIA, AMD, and Broadcom are performing exceptionally well in the AI chip sector, TSMC is ultimately the biggest winner. The reason is that all AI chip designers, including hyperscale data centers like Amazon and Alphabet that develop their own chips, rely on TSMC for wafer fabrication and packaging. TSMC is the world's largest contract chip manufacturer, accounting for 73% of third-party manufacturing spending in Q1 2026, and plans to invest $60 billion to $64 billion in capital expenditures this year to maintain its technological leadership and mass production capabilities.
05:41
The Institute of Singapore Chartered Accountants (ISCA) and the Institute of Chartered Accountants of India (ICAI) have agreed to strengthen cooperation in AI training and mutual recognition of professional qualifications. Under the collaboration, ISCA signed a Letter of Intent to launch a global AI capability initiative, based on its AI capability program, to provide practical and responsible AI learning for over 1.5 million ICAI members and students. In addition, ISCA also approved a modular exemption agreement, offering eligible ICAI members exemptions towards the Singapore Chartered Accountant qualification, which will be effective from August 21, 2026.
05:40
According to recently filed 13F documents, eight billionaire money managers significantly reduced or exited their stakes in Micron Technology during the second quarter. This move was largely attributed to profit-taking after Micron's stock quadrupled between March 30 and June 25. Concurrently, several of these managers, including Stanley Druckenmiller's Duquesne Family Office and Ken Fisher's Fisher Asset Management, increased their positions in Taiwan Semiconductor Manufacturing (TSMC), citing its foundational role in AI data center build-out and its dominant 72% share of global contract chip manufacturing.
05:40
Treasuries gained at the start of a potentially pivotal week for the US bond market, with remarks from US Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh likely to determine where yields go next.
05:36
The article points out that U.S. Treasury Secretary Scott Bessent has previously mentioned the importance of stablecoins as a potential new source of demand for Treasury bills. In the context of the Treasury's announcement last week to increase long-term bond buybacks, possibly financed by issuing more short-term Treasury bills, the Donald Trump administration's push for cryptocurrency legislation, particularly regarding stablecoins, could help Scott Bessent's goal of stabilizing the bond market.
05:35
Gold is up 15% this month, and silver is up 19%. Bull Theory analysis shows that the combined market capitalization of these two precious metals has increased by nearly $5 trillion this month. The main catalyst was the U.S. Treasury Department's unexpected decision to double its long-term bond buyback program to $4 billion per session, a move that triggered aggressive short covering and speculative buying in the precious metals market. Additionally, the ongoing conflict with Iran has driven up energy prices, further solidifying gold's position as a primary global safe-haven asset.
05:31
U.S. tech media outlet The Information reported that a recent poll shows a significant decline in public support for data centers in the United States, with the percentage of opponents sharply rising from 42% to 75% within a year. This shift in attitude is not limited to a single political party. Texas Governor Greg Abbott has halted 1,800 data center projects in the state, while Pennsylvania Governor Josh Shapiro signed an executive order to tighten the expansion of data centers in his state. This trend poses a challenge to the AI industry, potentially slowing down the implementation of new projects and increasing tech companies' investment in political lobbying and elections.
05:30
GE Vernova will provide power conversion, plant control, system integration, and grid connection support technology for the third phase of the Supernode Battery Energy Storage System (BESS) project in Queensland, Australia, expanding its involvement to all three phases of the project. The third phase will add 260MW and 1.22GWh of storage capacity, bringing the Supernode campus's total capacity to 780MW and 3.08GWh. Quinbrook, the project developer, has confirmed that the third phase recently received generator performance standards acceptance, a critical step for grid connection. Previously, Quinbrook and CATL completed commercial operations for the second phase and secured AUD 469 million (approximately USD 332.9 million) in funding for the financial close of the third phase.
05:30
Archion Corporation, the newly established holding company for Japanese truck-makers Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, reported its first quarterly financial results for April-June 2026. Combined revenues increased by 14% year-on-year to JPY 597.9 billion (US$ 3.76 billion), while net profits surged fourteenfold to JPY 262.3 billion. Total vehicle sales rose by 14% to 60,000 units, supported by new truck models and strong sales in Southeast Asia.
05:27
The dollar recorded its largest weekly drop against Bitcoin in nearly three and a half years on Sunday, and also fell sharply against gold, as markets worried that a U.S. attempt to depress yields would lead to a weaker dollar. Traders are focused on policy speeches from the U.S. and Japan this week, as well as details of U.S. sanctions on Iran.
05:26
The Philippines’ corporate regulator is looking to increase the minimum capital requirement for stock brokers as it forges ahead with reforms despite pushback from some market participants.
05:19
Analysis indicates that while Donald Trump is expanding U.S. political influence in Latin America, China's economic dominance in the region is harder to dislodge. China has built deep ties over many years in trade, energy, mining, and infrastructure, and is now expanding into electric vehicles, batteries, artificial intelligence, and technology. Chinese companies are often more cost-effective, faster, and more flexible, working directly with local governments and businesses. For Latin American leaders, their choice is pragmatic: maintain close political ties with Washington while cooperating economically with China.

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