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8/31
14:00
Holly Atkinson, Chief Product and Technology Officer at 1inch, stated that the method aims to address the low asset utilization in decentralized finance and reduce approximately 85% of idle capital in traditional Automated Market Maker (AMM) pools. Aqua is currently operational on 13 EVM chains.
13:38
The US stock market ultimately rose in a turbulent August, with the Dow Jones Industrial Average gaining 1.4% for the month, and the S&P 500 and Nasdaq Composite rising 2.4% and 3.5%, respectively. However, on the last trading day of August, the three major indices fell during intraday trading due to geopolitical tensions, with the Dow down 0.56%, the S&P 500 down 0.43%, and the Nasdaq down 0.34%. This followed US airstrikes on Iranian rocket launchers on Larak Island in the Strait of Hormuz on Sunday, to which Iran retaliated by attacking two US military bases in Jordan. As a result, Brent crude oil prices jumped approximately 2.8%, returning above $90 per barrel. Energy stocks bucked the trend, rising 0.9%, while Tesla's stock increased by 5.2% after cutting the price of its Model 3 by about 8.5% in Hong Kong and Macau.
13:38
Morgan Stanley analyst Erik Woodring reiterated an "Underweight" rating on HP (HPQ) and raised his price target from $17 to $19. However, based on HP's closing price of $30.52 on August 28, this new target still implies a downside of over 30%. The firm believes that while HP's third-quarter revenue grew by 12.5% and exceeded expectations, this growth was primarily driven by price increases rather than increased sales. They anticipate that unit volumes will continue to decline by double digits until fiscal year 2027, and that AI PCs will primarily serve as replacements for existing PCs rather than a new demand driver. Furthermore, the printing business faces pressure from shrinking demand and intensifying competition, which is expected to squeeze profit margins.
13:36
On-chain data shows a single issuance of 98,434,909 USDC, with transaction hash 0xdae01b540c5f92db09e9f7896a4c121d3e560fa5e58ce8b33a5732c6ab2250d0.
13:35
Vice President JD Vance is in Michigan today to underscore the Trump Administration's efforts in revitalizing American manufacturing. The White House announced that since President Trump took office, companies have invested over $24 billion in new capital and created thousands of high-paying jobs in the state. Key investments include General Motors' $6 billion, Ford's $3 billion, Stellantis' $628 million, and a combined $7 billion from OpenAI, Oracle, and Related Digital for a hyperscale data center campus. Pratt Industries also pledged $5 billion for reindustrialization efforts in Michigan.
13:31
Khouw notes that Broadcom's shares are approaching a $2 trillion valuation, and the upcoming earnings report carries high stakes, especially after the previous quarter's disappointing results led to a nearly 13% drop. He highlights elevated implied volatility and technical ambiguity. Khouw's strategy involves selling an out-of-the-money (OTM) cash-covered put ~10% below Friday's closing price and simultaneously selling an upside call spread, aiming to collect a net credit.
13:27
After analyzing the Q2 2026 earnings reports and future strategies of Netflix and Meta, Yahoo Finance analysts noted that Netflix reported revenue of $12.56 billion, a 13.37% year-over-year increase, and earnings per share (EPS) of $0.80. Its advertising revenue is expected to double this year to $3 billion, and the company executed a record $4.7 billion in share buybacks. In contrast, Meta reported revenue of $60.8 billion, a 27.96% year-over-year increase, but its EPS of $6.18 missed expectations. Its operating margin decreased from 43% to 31%, and annual capital expenditures are projected to be approximately $140 billion, betting heavily on AI. Analysts believe Netflix is a more stable investment choice.
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.

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