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8/31
13:22
A bipartisan group of former U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) officials, including former CFTC Chairman Chris Giancarlo, issued a comment letter urging a lighter regulatory approach for crypto perpetual futures trading. They warn that current stringent rules are driving the estimated $90 trillion offshore market overseas, hindering the U.S. from attracting this lucrative business.
13:19
Eric Sheridan, co-head of TMT research at Goldman Sachs, noted that the AI infrastructure race will lead to sustained high capital expenditures by tech giants, with the AI supply-demand balance not expected to be achieved until the first half of 2028. Against this backdrop, Google's Q2 capital expenditures reached $44.9 billion, and it has raised its full-year capital expenditure guidance to $195 billion-$205 billion. Tesla has committed to $25 billion in capital expenditures in 2026, while SpaceX's Q2 capital expenditures were $18.4 billion, potentially reaching $65 billion for the full year. JPMorgan Chase previously warned that SpaceX could allocate $200 billion annually to AI spending over the next two years.
13:18
Coinbase CEO Brian Armstrong stated that in addition to cryptocurrencies and derivatives, user AI agents can now trade stocks on the Coinbase platform, marking the advent of the "Agent Finance (AiFi)" era.
13:17
Bitcoin recorded a 25% gain in August (as of Aug. 30), marking its best August performance since 2017. The rally was primarily fueled by former President Donald Trump's comments on Aug. 19 that the federal government might begin buying Bitcoin for a Strategic Bitcoin Reserve. However, some gains were pared after Federal Reserve Chair Kevin Warsh's hawkish remarks at Jackson Hole on Aug. 28, which also ended a nine-day inflow streak for Bitcoin ETFs. Historically, strong August performance, despite it typically being a weak month, has often preceded a robust fourth quarter for Bitcoin.
13:14
The Mexican peso is finally drawing the attention of investors who have, for most of the year, overlooked the currency to chase higher returns elsewhere in emerging markets.
13:11
On-chain data shows a single burn of 98,659,999 USDC tokens from the USDC contract, with transaction hash 0xe199cf030be1be747cfd5c5a016ebdaa41afa6d69639c317a9541a8fb410b507.
13:08
Bernstein analyst Douglas Harned stated in a Monday report that if Elon Musk's SpaceX were to build its own mobile network to challenge carriers like Verizon, T-Mobile, and AT&T, the cost could range from $50 billion to $130 billion. Additionally, JPMorgan Chase analysts estimate that SpaceX's capital expenditures could reach $200 billion or more in 2027 and 2028. SpaceX's second-quarter capital expenditure was $18.4 billion, significantly exceeding analysts' expectations of $6 billion. The company's stock price rebounded to $142 on August 31, after hitting an intraday low of $104.83 on August 3.
13:08
Marvell Technology announced its Q2 FY2027 earnings, with revenue reaching $2.739 billion, a 36.55% year-over-year increase, and non-GAAP EPS at $0.94. The company disclosed that Google will receive warrants to acquire up to 7% of Marvell's shares upon achieving procurement milestones, which are expected to generate up to $120 billion in custom revenue for Marvell by FY2033. Despite the better-than-expected earnings and generally positive analyst outlook, the market misinterpreted the dilutive effect of the Google warrants, leading to a decline in stock price.
13:07
U.S. Treasury Secretary Scott Bessent explained that the Treasury's announcement of an expanded bond buyback program may have already had an effect, as the Treasury has not yet purchased any bonds under the expanded program. He stated that U.S. Treasuries were the best-performing major bond market this month, with the 30-year yield falling and the 10-year yield roughly flat. Bessent denied that he could determine yields, saying his role was to prevent traders from viewing rising yields as a "one-way journey" and to keep the market focused on fundamentals. On Monday, the 10-year U.S. Treasury yield traded near 4.73%, close to its highest level since January 2025, as escalating conflict between the U.S. and Iran pushed up oil prices and global borrowing costs.
13:07
In the same interview, US Treasury Secretary Scott Bessent expressed confidence in Washington's confrontation with Iran. He stated that US sanctions and a naval blockade were "strangling" Tehran's economy, causing the Iranian currency to collapse and inflation to approach 100%. Bessent also dismissed the idea that Washington needed China's cooperation to accomplish this task, saying, "We are the house, we have the information, and we will win over time."
13:07
Shopify (SHOP) stock dropped 4% to $147.24 in Monday midday trading, following an 18% rally over the past month. The decline is attributed to profit taking rather than any specific company news or downgrade. Peers eBay (EBAY) and Etsy (ETSY) also slipped 2% each, but their lower valuations (eBay 21.51x P/E, Etsy 26.45x P/E) made them less susceptible to the same profit-taking pressure compared to Shopify's 151.48x P/E. Shopify's Q2 2026 report on August 5 showed strong fundamentals, with B2B gross merchandise volume (GMV) growing 76% year-over-year, contributing to its recent gains.
13:06
US Treasury Secretary Scott Bessent stated that the debt-reduction plan, which top officials in the Trump administration have unveiled to tackle persistent federal deficits, could be months away and will face hurdles upon its arrival.
13:03
The fund will finance 30 to 40 large logistics facilities. Global investors are attracted to Japan's logistics infrastructure boom, a weak yen, and high returns.
13:03
Sony Group's semiconductor division will collaborate with Saudi Aramco, the Saudi state-owned oil company, to develop AI models for factory maintenance. Sony aims to expand the application of its image sensors through this project, utilizing them to collect and analyze visual and non-visual data to detect problems before they occur.
13:01
Amazon disclosed plans to invest more than $5.3 billion (19.88 billion Saudi riyal) in its first AWS Cloud Infrastructure Region in Saudi Arabia, with the launch targeted for December 2026. This multi-year capital commitment is part of AWS's global infrastructure expansion. Additionally, AWS and HUMAIN, a Public Investment Fund-owned company, will provide up to 50 megawatts of capacity in Saudi Arabia's first AI Zone by 2028, powered by AWS Trainium chips and NVIDIA AI infrastructure. Amazon CEO Andy Jassy stated that AWS is on track to become a trillion-dollar annual revenue business.
13:01
JPMorgan Chase's trading desk stated that the move was due to hawkish remarks from Federal Reserve Chairman Warsh, which led to increased market bets on interest rate hikes this year.
13:01
Palantir Technologies Inc. (PLTR) has seen its shares rise significantly following a strong Q2 report, with the company also increasing its full-year 2026 revenue guidance by 11 percentage points. CEO Alex Karp stated that "demand for AI sovereignty has now been unleashed," contributing to the optimistic outlook. The Street's consensus 12-month price target is $191.68, while some analysts believe the stock could reach $300 by 2027.
13:00
The recent turmoil in the bond market, which has seen long-term interest rates rising to multidecade highs, is also good news for those nearing or in retirement, making a near-7% withdrawal rule appear more favorable than the traditional 4% rule.

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