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9/2
01:21
South Korean Gaon Cable targets AI data centers with new low-friction cables, reducing installation friction by 30% and extending pulling distance by 45%
Gaon Cable announced on Wednesday that its new distribution cables, designed for the AI data center power infrastructure market, feature an improved outer sheath that reduces friction during installation by about 30% compared to conventional products. This innovation can extend cable-pulling distance by up to 45%, lowering labor requirements and construction costs.
01:21
South Korea's Finance Minister nominee Lee Hyung-il lays out growth-focused policy agenda
Lee Hyung-il, currently first vice finance minister, emphasized capital market reform and stronger economic policy coordination, identifying lifting Korea's potential growth rate and reducing polarization as his two top economic priorities.
01:20
Continental Reinsurance plans its first IPO in Botswana in nearly a decade, aiming to raise $155 million.
Continental Reinsurance Holdings Ltd. will be the first IPO on the Botswana Stock Exchange since 2017, aiming to raise capital to develop Africa's uninsured market. The company plans to raise 2.13 billion pula (approximately $155 million) through the IPO, with one-fifth of the proceeds supporting its business expansion in Africa and the remainder used to pay exiting shareholders.
01:10
Posco Group Chairman Chang In-hwa proposed strengthening resource supply chain cooperation between South Korea and Australia at a meeting of the Korea-Australia Business Council.
01:05
Solana, Ether, and XRP lead major cryptocurrencies lower as Iran attack sparks broad risk-off selling
CoinDesk reported that all large-cap tokens fell in the past 24 hours, with high-beta major tokens experiencing declines approximately three times that of Bitcoin.
01:04
Google AI Infrastructure Head: Accelerating Custom Chip Development, Releasing Two or More Annually
Google's head of AI infrastructure, Amin Vahdat, stated on Wednesday that the company is accelerating the development and release cycle of its custom chips from one generation every two years to two per year, with even more planned for the future, to maintain its leadership in artificial intelligence. Google also plans to expand its R&D space in Taiwan by 60% to double down on research and development.
01:00
UNI (Uniswap) saw a trading volume of $12.82 million in the past hour, which is 10.5 times its 7-day average for the same period. It is currently trading at $6.256.
00:48
G20 Finance Ministers and Central Bank Governors pledge to establish a "clear path" for digital asset innovation to foster economic growth and private sector innovation.
00:44
Bitcoin shows resilience as $90 oil and rising yields weigh on gold
Bitcoin is trading choppily as oil prices reach $90 a barrel and bond yields continue to rise, putting pressure on gold. The cryptocurrency's resilience in this environment is attributed to a firm dollar.
00:38
Kalshi and Polymarket’s combined volume falls 15% in August to $45.33 billion, marking first monthly decline in a year
The combined monthly volume at Kalshi, Polymarket and Polymarket US fell 14.5% in August to $45.33 billion, marking the first decline since August 2025. Specifically, Kalshi recorded $37.17 billion in volume, down 7.3% from July, while Polymarket and its U.S. platform saw a combined $8.16 billion, down 36.7% from July.
00:37
Bybit Launches GRVT Hotspot Event: Complete Gleam Tasks to Share 1,000 USDT Prize Pool
00:32
Lookonchain Monitoring: An anonymous trader, after 7 months of inactivity, opened a long position of 18,587 ETH with 25x leverage, valued at $44.85 million.
00:31
Climate Risk Is Repricing Indian Real Estate
India's extreme weather is changing the economics of real estate, with developers in cities like Mumbai and Bengaluru spending millions to protect buildings from floods. Climate resilience is emerging as a new measure of property value.
00:28
The Nikkei 225 index fell 3.02% today, now at 64,218.39.
00:20
Samsung Electronics is down 4.02% today, currently trading at ₩250,500.
00:17
The yield gap between US and Chinese 10-year government bonds is nearing a historical high due to intensified selling of US Treasuries.
00:17
Corn Futures Drop Most in Three Weeks as Profit-Taking Hits Grain Rally
Corn futures fell the most in almost three weeks with a wave of profit-taking pulling down US grains markets after a weekslong rally fueled by geopolitical and weather risks.
00:07
Japanese 10-year government bond yields surged past 3% to a nearly 30-year high, and Japanese stocks plunged over 2.5%, following hawkish remarks from the Bank of Japan Governor.
Tokyo time on Wednesday, the 10-year Japanese government bond yield briefly rose to 3.004%, and the 30-year yield touched 4.197%, both reaching new highs in nearly 30 years, influenced by hawkish remarks from Bank of Japan (BOJ) Governor Kazuo Ueda. The Nikkei 225 index opened down more than 2.53% at 64678.49 points, with a single-day drop exceeding 1700 points. South Korea's KOSPI index also fell sharply by 2.19%.
00:05
China's NSSF offshore investments double to record US$86B by end-2025, now 15.23% of total assets
China's National Social Security Fund (NSSF) more than doubled its offshore investments over the past three years to a record 580.02 billion yuan (US$86 billion) by the end of 2025, accounting for a record 15.23% of its total assets. This move reflects the state fund's increasing pursuit of higher returns by diversifying its portfolio beyond domestic assets, according to an annual report.
00:01
FIL (Filecoin) saw a trading volume of $2.25 million in the past hour, 22.6 times its 7-day average for the same period. It is currently trading at $0.8034.
9/1
23:51
The South Korean government has officially established the "Future Response Fund," with an estimated revenue of 162.3 trillion Korean Won next year.
The South Korean government has officially established the "Future Response Fund," which is projected to have an income of 162.3 trillion Korean Won next year, primarily from tax surpluses generated by the semiconductor boom. A significant portion, 104.4 trillion Korean Won, will be held as idle funds, sparking controversy in the market regarding fiscal transparency and the efficiency of fund allocation.
23:51
South Korea's 2027 budget proposal will allocate 21.3 trillion won to the AI sector, nearly doubling its investment in semiconductors, physical AI, and data centers.
The South Korean government has announced in its 2027 budget proposal that it will allocate 21.3 trillion Korean Won to the AI sector next year, nearly doubling this year's 10.8 trillion Korean Won. This substantial investment will be precisely directed into three major super projects: semiconductors, physical AI, and AI data centers (AIDC), aiming to solidify South Korea's core position in the global memory chip and AI hashrate supply chain.
23:46
U.S. diesel crack spreads surged past $106 on September 1, reaching a new all-time high. Donald Trump convened a meeting with refining giants and announced environmental waivers.
On September 1, U.S. diesel refining margins (crack spreads) surged past $106 per barrel, hitting an all-time high, with retail prices nearing $5.63 per gallon. On the same day, Donald Trump urgently convened refining giants such as Marathon Petroleum, Phillips 66, and Chevron at the White House for talks focused on expanding production and lowering fuel prices, also announcing environmental waivers for small refineries. Goldman Sachs subsequently significantly raised its 2027 forecasts for U.S. and EU diesel refining margins, increasing them from $27 and $19 per barrel to $63 and $49, respectively. This surge in diesel prices is primarily due to a triple supply shock: the Iran war blocking the Strait of Hormuz, declining Russian refining capacity, and damage to Middle Eastern refineries. This has triggered a series of market reactions, including a broad rise in U.S. Treasury yields, Nasdaq leading declines, and drops in gold and Bitcoin.
23:45
Rumors of NVIDIA's acquisition of Hugging Face for approximately $12.9 billion remain unconfirmed.
NVIDIA has reportedly agreed to acquire Hugging Face for approximately $12.9 billion, just ahead of Microduck's release, according to The Information. Neither company has commented on the matter.
23:44
Asian Stocks Slump, Oil Jumps to 5-Week High, US 10Y Yield Hits 3-Year Peak After Renewed US Airstrikes on Iran
Asian stocks fell broadly on Wednesday, with South Korea's KOSPI dropping over 3% and Japan's Nikkei 225 down 2.6%. Brent crude futures rose 1.3% to $95.91 a barrel, reaching a five-week high, after the United States launched a barrage of airstrikes on Iran on Tuesday. The US 10-year Treasury bond yield hit 4.8122%, its highest in almost three years, while Japan's 5-year government bond yield reached a record 2.295%. Westpac analysts attribute the selloff to renewed anxiety over inflation and potential disruptions to the Strait of Hormuz.
23:44
India’s Diaspora Deposit Flows Surpass $100 Billion, FE Reports
Inflows under the Reserve Bank of India’s special overseas deposit facility have topped the $100 billion mark, the Financial Express newspaper reported Wednesday, citing officials it did not identify.
23:36
Hyperliquid Strategies Expands Equity Funding Capacity from $1 Billion to $2.5 Billion
Digital asset vault company Hyperliquid Strategies has increased its committed equity financing facility with Chardan Capital Markets from $1 billion to $2.5 billion, according to its latest U.S. Securities and Exchange Commission (SEC) filing. As of June 30, the company had sold approximately $647 million in shares. This move will allow Hyperliquid Strategies to sell newly issued common stock to Chardan to raise capital for the development of its vault. Hyperliquid Strategies' Nasdaq-listed shares closed down 7.31% at $11.36 on Tuesday.
23:24
Lookonchain Monitoring: Multicoin Capital deposited 261,555 HYPE tokens, worth $21.7 million, to Coinbase Prime in the past 12 hours.
23:13
Minimax Group Inc. Emerges as Mainland China Investors' New Favorite Hong Kong-Listed Stock Last Month
The development signals mainland investors' strong appetite for the country's new-generation AI model developers.
23:05
Binance has launched the Binance Earn Yield Arena this week, a limited-time offer to share up to $200,000 in BNB rewards.

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