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8/28
22:14
Binance founder Changpeng Zhao retweeted, calling the BNB Chain and Mastercard partnership a "dream collaboration."
Changpeng Zhao retweeted user @Supers6061's tweet, which stated that the partnership between BNB Chain and Mastercard will make on-chain funds easier to integrate into existing global payment networks.
22:06
JPMorgan Chase executive Kwang Kam-shing states Hong Kong's long-term wealth hub status is safe from mainland investment curbs
Kwang Kam-shing, Hong Kong CEO and chairwoman of North Asia at JPMorgan Chase, believes that while Beijing's recent curbs on cross-border investment and a tax shift targeting overseas insurance gains may create short-term uncertainty, they will not undermine Hong Kong’s long-term competitiveness as a major wealth management hub. She remains optimistic about the long-term outlook for Asia’s financial sector.
21:57
Gunfire and explosions heard in several areas of Niger's capital Niamey
Sustained gunfire and explosions rang out across several areas of Niger’s capital, Niamey, early on Saturday, according to witnesses. Shots were heard around the city’s Diori Hamani International Airport and near the presidential palace. Niger has been ruled by the military since a July 2023 coup and has since forged closer ties with Russia.
21:31
Binance founder Changpeng Zhao: Transfers shouldn't cost too much, ideally zero
21:24
Elon Musk retweeted a post stating that Grok Build by SpaceXAI has released a significant update, v1.0.13, which improves reliability, Windows support, and startup speed.
This update primarily improves the ability to automatically retry and recover from truncated responses, inference failures, oversized images, and session saving issues. It also adds smarter hooks, faster MCP and session startup, improved scheduled tasks, and faster compressed CLI downloads.
21:05
New book reveals behind-the-scenes details of Apollo founder Leon Black's downfall in Epstein scandal
A new book, "Money to Burn," details the behind-the-scenes crisis of Apollo Global Management founder Leon Black during the Epstein scandal. Black announced his resignation as CEO in January 2021 but insisted his departure was unrelated to the Epstein affair.
20:40
9/11 Hijackers' Landlord Speaks for First Time About Ties to Saudi Spy Suspect
Holly Ratchford, who rented a room to two of the 9/11 hijackers, has spoken for the first time to the BBC about her connections to the hijackers and Omar al-Bayoumi, who is accused of being a Saudi spy. Bayoumi is accused of facilitating the 9/11 attacks by supporting the first hijackers to arrive in the US. A year ago, a federal judge ruled there was a "reasonable inference" that Bayoumi and a Saudi diplomat coordinated with the Saudi government in providing aid to the hijackers, allowing a trillion-dollar lawsuit filed by 9/11 victims' families against Saudi Arabia to proceed. Bayoumi and Saudi Arabia have consistently denied these allegations.
20:20
Canadian Government Launches C$504 Million Research Grant Program, Attracting Dozens of Top US Researchers
Canada's Industry Minister, Mélanie Joly, announced on Thursday that the Canadian government is launching a new C$504 million (approximately US$362 million) research funding program to attract 48 top U.S. researchers, including those in climate and medical fields, to Canadian universities. This move comes amid an escalating U.S.-Canada trade dispute and accusations that the U.S. Donald Trump administration has frozen federal research grants and politicized the academic environment, creating uncertainty for American researchers.
20:11
Indian Bank Stocks Record Widest Exchange Price Gap in Decades
Shares of some Indian banks closed at sharply different prices on the country’s two largest exchanges on Thursday, signaling dislocation under the new closing auction system.
19:07
China's central bank and two other departments have extended the maximum term for individual housing loans to 40 years, promoted the sale of existing homes, and supported real estate enterprises in refinancing.
China's central bank and the National Financial Regulatory Administration (NFRA) jointly issued new real estate credit management rules, extending the maximum term for individual housing loans from 30 to 40 years and systematically reforming the credit system across the entire chain of development, purchase, and operation. On the same day, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the NFRA issued a document promoting the orderly implementation of "ready-built" commercial housing sales, aiming to achieve "delivery of property and immediate issuance of certificates." The China Securities Regulatory Commission (CSRC) also issued a document supporting refinancing, mergers, and acquisitions for listed real estate development enterprises.
18:24
Elon Musk retweeted Grok Bot's post, announcing that Grok Bot now supports online shopping and can complete purchases on behalf of users.
Elon Musk retweeted a post from the official Grok Bot account, announcing that Grok Bot is now capable of shopping on the internet. Users can connect to the bot and authorize it to complete purchases on their behalf.
18:16
US-Canada trade war escalates: US imposes 50% tariffs on $20bn Canadian goods, Canada retaliates with similar levies on US products, analysts warn of recession risk
The US imposed 50% tariffs on $20 billion worth of Canadian goods last Saturday after trade negotiations collapsed. On Monday, President Trump also threatened new 50% levies on all Canadian car products, starting January 1. In response, Canadian Prime Minister Mark Carney unveiled retaliatory measures on Tuesday against over 700 US products, also valued at $20 billion, with tariffs tiered at 15%, 25%, and 50%, set to take effect on September 8. Analysts from Oxford Economics warn that Canada could lose 100,000 jobs under the current tariffs and may enter a recession if the USMCA pact ends, as its economy is a tenth the size of the US and 70% of its exports go south of the border.
18:06
Guggenheim affiliate buys debt linked to its asset management arm
The loan has been closely watched by the market as a proxy for Mark Walter’s private-held investment firm.
17:58
US Appeals Court Rules Kalshi Sports Prediction Contracts Are Sports Gambling, Not Federal Commodity Law Swaps
The U.S. Ninth Circuit Court of Appeals ruled on August 28, local time, that prediction contracts on sports events offered by prediction market company Kalshi are essentially sports betting, not swap instruments regulated under federal commodity law. This ruling rejects Kalshi's broad interpretation of federal commodity law, meaning that Nevada gaming regulators can continue to treat such products as unlicensed sports betting operators. The court upheld the lower court's decision to lift the injunction, which had previously prevented Nevada regulators from enforcing the law. This ruling creates a circuit split, potentially prompting Supreme Court intervention to decisively impact the regulatory landscape of the rapidly expanding prediction market industry in the United States. The court also remanded matters related to Kalshi's election contracts back to the lower court for reconsideration.
17:58
India's GLP-1 weight loss drug monthly fee drops to $14, but as of July, sales only reached 20% of Nomura's 2026 forecast.
Despite India's large-scale generic production of GLP-1 class drugs, with prices as low as $14 per month, and India being the world's second-largest country for diabetes patients, sales performance has been far below expectations. Nomura Holdings last year predicted that sales of related drugs in India would reach $261 million by 2026. However, according to Pharmarack Technologies data, as of July this year, actual sales were only about 20% of that forecast. Reasons for the lukewarm market include India's complex cultural perceptions of obesity, the stigma associated with injectable medications, women patients' lack of autonomy over healthcare spending, the spread of misinformation, and India's strict regulations on pharmaceutical advertising.
17:40
Berlin Mayor Kai Wegner announced that the city was extorted by hackers and refused to pay a ransom reportedly worth approximately 2 million euros (30 Bitcoin). The Rhysida group claimed responsibility and plans to auction 5.79TB of stolen data.
Berlin Mayor Kai Wegner stated that the city will not compromise with hackers after they breached city systems and stole data. According to Der Spiegel, the hackers demanded a 30 Bitcoin ransom. The Rhysida group, allegedly from Russia and Eastern Europe, has claimed responsibility for the attack and stated that they will begin auctioning the stolen 5.79TB of data within seven days. The attack forced the shutdown of some of Berlin's online systems and may affect personal data.
17:39
IMF's Georgieva Praises Fed Chair Warsh's Jackson Hole Speech, Discusses 'Stubborn' Inflation
IMF Managing Director Kristalina Georgieva stated that Federal Reserve Chairman Kevin Warsh "did a great job" in his Jackson Hole speech. She also discussed whether recent inflation pressures indicate central bank failure or other contributing factors.
17:38
Microsoft stock seals its longest winning streak in 10 months, with shares climbing 30% in the past month
Microsoft's stock sealed its longest stretch of gains in 10 months, with shares climbing 30% in the past month. This reflects a strong positive reaction to July earnings and improved sentiment towards the software sector as AI software fears fade.
17:29
Arini Capital Management's Head of US Investments Gavin Yates Leaves Hedge Fund
17:26
Colombia's Gilinski Family and GeoPark Nearing Venezuela Oil Deal
Colombia's richest Gilinski family is nearing an oil deal in Venezuela with Bogota-based GeoPark Ltd., in which the family holds a 28% stake as the largest shareholder.
17:20
Argus Research upgraded Moderna (MRNA) to "Buy" with a price target of $180, making it the fifth institution to raise its rating recently.
17:20
CITIC Bank's transaction settlement volume reached 106.42 trillion yuan in the first half of 2026, a year-on-year increase of 14.94%.
The bank is implementing a "3-3 strategy," designating payment and settlement, cross-border services, and digitalization as its three leading capabilities. It aims to adjust the client engagement sequence, positioning payment and cash management services as the entry point for building client relationships. However, the financial report shows that as of the end of June, the bank's corporate current deposits decreased by 1.36% from the beginning of the year, while corporate time deposits grew by 8.83%. This indicates that the rapidly growing settlement volume has not yet translated into a clear increase in current deposits.
17:12
Financial Times: China's AI Avatar Technology Rapidly Developing, New Video Generation Programs Sweeping the Industry, Leading to Job Losses for Online Performers
17:06
WSJ Commentary: Over 6,200 Homeowner Policies in New Mexico Non-Renewed for 2025, a Record High, Raising Concerns About Insurance Regulatory Authority
A Wall Street Journal opinion piece noted that Alice Kane, Superintendent of Insurance for New Mexico, recently disclosed that insurance companies in the state refused to renew over 6,200 homeowner policies in 2025, a historic high. This phenomenon has prompted local residents to scrutinize their insurance market, discovering that many governing rules are not set by elected officials but by a private non-profit organization, sparking discussions about the transparency of insurance regulation and the delegation of power.
17:02
Nikkei Asia: Fierce competition among Chinese companies leads to technological advancements, declining profits, and surging exports, raising concerns in Beijing about a global backlash.
Nikkei Asia reports that fierce competition among Chinese companies has driven rapid technological progress but has also led to shrinking profits and product oversupply, with these products increasingly flowing into export markets. Beijing is concerned that this could trigger an international backlash.
16:52
Donald Trump denies New York Times report on his September 11th schedule, calls it "corrupt news"
Donald Trump posted on Truth Social, denying The New York Times reporter Maggie Haberman's report that he would miss the 9/11 memorial event at the World Trade Center in New York and instead deliver a speech at the Pentagon. Donald Trump called the report a "fabricated story" and emphasized that the 9/11 memorial event is a "solemn ceremony" where no one would deliver a speech. He also accused the reporter of being a "liar" and a "fake," and mentioned filing lawsuits against The New York Times and the Pulitzer Prize awarding body.
16:46
Morgan Stanley's Slimmon: Fed Rate Hike Threat Shifting Stock Market Leadership
Andrew Slimmon, managing director and head of applied equity advisors at Morgan Stanley, stated he is pleased with Federal Reserve Chair Kevin Warsh's speech at Jackson Hole. Slimmon believes the ongoing threat of an interest rate hike is causing a change in leadership within stock markets.
16:39
Hedge Funds Increase Bullish Bets on U.S. Gasoline at Fastest Pace in Six Months
Hedge funds significantly increased their bullish bets on U.S. gasoline at the fastest pace in six months, according to data from the Commodity Futures Trading Commission.
16:32
Coinbase CEO Brian Armstrong explains crypto as "faster, cheaper, more efficient financial services" and calls for the Clarity Act to provide clear US rules.
16:25
Neocloud Lambda secures $1 billion in private debt to acquire Nvidia AI chips for lease to Microsoft
The AI cloud company, which buys and rents out computing chips, raised the short-dated debt in a deal arranged by JPMorgan Chase. This latest financing follows a $1 billion secured credit facility in May and a $926 million loan this week to fund Nvidia GB300 GPUs for Nvidia itself. The move underscores the high cost of the AI boom, with over $400 billion in AI-related debt raised globally in 2026 so far.

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