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8/31
04:34
The commitment, made under the renewed Financial Sector Technology and Innovation Scheme (FSTI 4.0), aims to strengthen Singapore’s FinTech ecosystem and accelerate innovation and technology adoption across the financial sector.
04:24
Bitcoin traded below $78,000 during Monday's Asian morning hours, down less than 1% in 24 hours but up about 1% for the week, according to CoinDesk data. Solana and Dogecoin led the declines, both falling about 3%. The Japanese yen breached the 160 mark against the dollar in Tokyo on Monday, with strategists suggesting intervention could be triggered around 161. This follows a broad strengthening of the dollar, which also suppressed the cryptocurrency market, driven by expectations of higher U.S. interest rates after Federal Reserve Chairman Warsh's speech at Jackson Hole.
04:22
Sberbank announced that with the country's new cryptocurrency regulations coming into effect on September 1, 2026, the trading volume of regulated cryptocurrency exchanges is expected to reach 4 trillion rubles (approximately $46.4 billion) in the first year, potentially increasing to about 7.5 trillion rubles (approximately $87.1 billion) by 2029. Anatoly Popov, Deputy Chairman of the Board at Sberbank, also stated that Sberbank plans to issue loans collateralized by Bitcoin, Ethereum, and USDT once approved by the central bank. The new regulations allow retail investors to purchase up to 300,000 rubles (approximately $3,700) of liquid cryptocurrencies annually through each intermediary, while qualified investors face no limits. Furthermore, the law prohibits the use of cryptocurrencies for payments for goods and services within Russia but permits cross-border settlements for foreign trade contracts between residents and non-residents.
04:15
According to Al Jazeera, since the new government led by President Ahmed al-Sharaa overthrew the Assad regime in December 2024, Syria has opted for diplomatic engagement with Israel rather than military confrontation. Despite ongoing Israeli attacks on Syrian territory and the occupation of parts of southern Syria, Syrian Foreign Minister Assad Shaybani held US-brokered talks with Roman Gofman, head of Israel's Mossad intelligence agency, in Amman, Jordan. The talks aimed to establish practical mechanisms to halt Israeli attacks, arrests, and targeted operations, and to resume negotiations on long-term security agreements between the two sides. Syrian officials stated that they have no intention of attacking Israel and seek peace with all neighboring countries, but Shaybani also noted a current distrust of Israel, viewing negotiations as a security necessity.
04:14
Al Jazeera reports that analysts believe the arrest and upcoming trial of suspects in the 2022 Nord Stream pipeline explosion continue to cast a shadow over Germany's relationship with Ukraine. One of the suspects, Volodymyr Zhuravlev, was arrested in Croatia on August 19 and will be extradited to Germany. Another suspect, Serhii Kuznetsov, was arrested and extradited last year. Germany is determined to prosecute the sabotage team, while Ukrainian President Volodymyr Zelenskyy has repeatedly denied Kyiv's involvement. Analysts suggest the incident highlighted Germany's excessive reliance on Russian natural gas and prompted a shift in its energy security policy towards diversification and renewable energy. Although Germany has become Ukraine's largest Western supporter, the unresolved Nord Stream issue remains politically sensitive in the relationship between the two countries.
04:07
The LCT Framework will support bilateral trade and contribute to ASEAN financial integration efforts by promoting the wider use of local currencies in intra-ASEAN transactions. It aims to provide businesses with greater flexibility, reduce exchange rate risks and costs, and promotes direct quotations between the Indonesian Rupiah and Singapore Dollar.
04:07
Bitcoin Core developer Luke Dashjr has resigned from his positions as Chairman, CTO, and Director of Ocean mining pool, with its parent company Mummolin repurchasing all his equity. Both parties stated that the separation was by mutual agreement, reflecting differing views on the future of Bitcoin mining and recent protocol developments. Dashjr will launch a new mining project called Convoy.
03:43
The Fair Trade Commission (FTC) approved the share purchases by Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean on Monday. This move removes a key regulatory hurdle for Hanwha Group's push to build a defense business spanning land, sea, air, and space. The review focused on whether the minority stake would give Hanwha effective control over KAI.
03:38
According to the Korean newspaper The Herald Business, SK Hynix plans to diversify its supplier base by entrusting Intel with the production of the Base Die for its high-bandwidth memory (HBM) starting as early as the seventh-generation HBM4E. Previously, TSMC was the sole manufacturer of these Base Dies. This move aims to reduce SK Hynix's reliance on TSMC and alleviate the pressure of continuously rising raw material costs. Industry sources indicate that the cost of HBM4 Base Dies produced by TSMC is 3 to 4 times higher than SK Hynix's own core chips. In response, SK Hynix stated that it is difficult to confirm details regarding the company's technology roadmap and that "some of the content is not consistent with the facts," without directly confirming the report.
03:32
South Korean stocks closed higher on Monday, with technology shares rebounding despite hawkish remarks from Federal Reserve Chairman Warsh; the KOSPI index rose 0.46% to 6,820.02 points.
03:05
China's six largest state-owned banks, including ICBC, China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications, and Postal Savings Bank of China, recorded their first simultaneous rise in first-half revenue and net profit since 2022. This comes as their margins, which had been under pressure for two years, showed tentative signs of stabilizing.
02:47
Despite Fed Chair Warsh's hawkish speech on Friday, the odds of a rate hike in September remain below 60%, with observers downplaying fears of tightening.
02:38
South Korea's five major automakers are set to conclude their annual wage negotiations as early as Monday, including Hyundai Motor Co. which is holding a union vote on a tentative agreement. This resolution will allow them to concentrate on boosting sales in the second half of the year, facing challenges from US tariffs, increased competition with Chinese rivals, and slowing global demand.
02:35
The Nasdaq 100 Index is still digesting the impact of the summer sell-off, and its small but significant gap from new highs offers important insights into the current market.
02:35
Crop prices are on track for their biggest monthly gain in over a decade, driven by war and extreme weather disrupting global supplies, sparking concerns about food inflation.
02:31
The head of the world’s financial stability watchdog urged countries to take steps to control the release of new frontier models.
02:30
The network upgrade is expected to take place on Aug 31, 2026, at 08:30 AM UTC. Deposits and withdrawals via ValueChain (SOSO) will be suspended from 08:00 AM UTC on the same day. Trading activities will not be affected.
02:22
Hyundai Capital has officially started financial operations in India, marking its 14th overseas finance unit. The company converted its existing consulting entity into a financial company, Hyundai Capital India, which will operate as a stand-alone subsidiary under independent management. This move aims to support Hyundai Motor Group's expansion in India, the world's third-largest automobile market.
02:22
Hanwha Group's financial affiliates, under their joint brand PLUS, have opened applications for the PLUS NY 2026 conference. The event, themed "The New Finance Fronti", will take place at The Glasshouse in Manhattan and will bring together financial industry leaders to discuss how artificial intelligence and technological change are reshaping finance.
02:18
Goldman Sachs derivatives strategist Brian Garrett noted in his latest report that gold's 10% gain this month marks one of its best monthly performances in decades. Market attention to the "currency debasement" narrative has climbed to its highest level since January 2026. The Goldman Sachs trading desk currently favors capturing upside opportunities through structured products such as call spreads or barrier options, rather than directly chasing the rally. Additionally, Goldman Sachs maintains its S&P 500 target of 4900 points and warns of continued upside risk.
02:11
Ha Jung-woo, standing vice chair of the Presidential Council on National Artificial Intelligence Strategy, pledged Monday to put execution at the center of Korea’s bid to become one of the world’s top three AI powers. In his inaugural address, Ha identified semiconductors, physical AI, and AI data centers as the three pillars of the government’s strategy.
02:08
SK On announced Monday it has signed an agreement with US-based NeoVolta Power to supply 9 gigawatt-hours (GWh) of lithium iron phosphate (LFP) pouch cells for energy storage systems (ESS). The contract is valued at approximately 1.5 trillion won ($1.09 billion), with batteries to be manufactured at SK On's Georgia plant and delivered over five years from 2027 to 2031. This deal aims to expand SK On's footprint in the rapidly growing North American power market.
02:07
According to ship-tracking data, China's liquefied natural gas imports are expected to decline this month compared to a year earlier, as higher prices, triggered by the war in the Middle East, have dampened consumption.
02:04
Experts are urging the European Union to work more closely with South Korean electric vehicle battery makers, including LG Energy Solution, SK On, and Samsung SDI, to increase production and help the bloc diversify away from Chinese manufacturers that dominate the EV battery market.
02:01
LG Electronics announced on Monday the launch of a virtual idol group, AI-Dol, aimed at promoting its AI WashCombo all-in-one washer-dryer to young consumers. Each member of the group represents a key feature of the appliance, including its large capacity and AI-powered wash and dry functions. The group also teased its song "I Wash" on Instagram prior to its debut.
01:55
The Korea Chamber of Commerce and Industry (KCCI) and the Japan Chamber of Commerce and Industry (JCCI) held their 15th leaders’ meeting, where KCCI Chairman Chey Tae-won called for broader economic integration between the neighboring countries.
01:38
Developers of the Zcash privacy blockchain have released a new set of cryptographic tools called Zakura Common, which can reduce the proof generation time for privacy transactions on mobile devices from over 3 seconds to under 200 milliseconds, an improvement of more than 14 times. The software aims to address the significant delays users face when sending private ZEC and supports Zcash in achieving Visa-level transaction speeds. ZEC had risen by approximately 5% to around $839 after the announcement but pulled back on Monday morning with the broader market.
01:34
HDFC Bank CEO Sashidhar Jagdishan unexpectedly announced on Monday that he will not seek re-election after his term ends in October. Following this news, the bank's stock price rose by as much as 2.5% during Monday's trading, despite a 27% year-to-date decline. Analysts believe that the background of the new CEO could bring revaluation potential to the bank, but the stock price will still face short-term pressure until the successor and future direction become clear. A Nomura report noted that the new CEO needs to accelerate growth, improve deposit mobilization and returns, and rebuild market confidence in corporate governance and executive team stability. Citi and Jefferies reports stated that Deputy Managing Director Kaizad Bharucha is the most likely internal successor.

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