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9/2
07:47
Bitcoin opened at $77,395.89, down 1.5% from Tuesday's opening price, while Ethereum opened at $2,417.66, down 2.0%. Prices continued to fall this morning following a new round of U.S. airstrikes against Iranian targets and Iran's retaliation, escalating the conflict. The renewed fighting has also driven up oil prices, fueling inflation concerns ahead of a critical Federal Reserve meeting later this month.
07:46
U.S. Treasury Secretary Scott Bessent stated in a Fox News interview that he is in full dialogue with all parties supporting Iran.
07:45
According to Yahoo Finance, NVIDIA has long been the most held stock by retail investors on the Robinhood platform. Recently, Elon Musk's Space Exploration Technologies (SpaceX) has surged to the seventh position on Robinhood's retail holdings list as a company with a trillion-dollar valuation. Analysis suggests that SpaceX's rise may be attributed to the market's sustained enthusiasm for artificial intelligence (AI), with the company having secured GPU leasing agreements with Anthropic and Google parent company Alphabet, generating monthly revenues of $1.25 billion and $920 million, respectively. However, the article also notes that SpaceX is not yet profitable, and its accelerated and phased insider stock unlock plan could be disadvantageous for retail investors.
07:40
In the small modular reactor (SMR) sector, Ontario Power Generation (OPG) in Canada has begun construction of the first GE Vernova Hitachi SMR at the Darlington Nuclear Generating Station in 2025. The first 300 MW reactor for this project is expected to be completed by the end of 2029 and is planned to commence commercial operation by the end of 2030, with an estimated cost of approximately $5.5 billion. If successful, this would be the first commercially operational SMR in the Western world.
07:40
The U.S. Department of Energy (DOE) is actively promoting nuclear energy development, aiming to add 2.5 gigawatts (GW) of nuclear capacity by 2027 and 5 GW by 2029 through reactor upgrades, restarts, and extending the lifespan of existing power plants. To achieve this, the DOE has provided a $1.52 billion loan to Holtec for the restart of the 800-megawatt Palisades nuclear power plant in Michigan. Concurrently, Constellation Energy has received a $1 billion federal loan to restart the 835-megawatt Crane Clean Energy Center in Pennsylvania. Furthermore, the DOE has allocated $2.7 billion to expand domestic uranium enrichment capabilities, ensuring nuclear fuel supply.
07:34
Japanese listed company Remixpoint sold its entire altcoin portfolio on September 1, including 901.45 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE, totaling approximately 878.8 million JPY (approximately $5.5 million). The sale generated a book profit of 117.8 million JPY (approximately $737,000), with ETH, SOL, and XRP all realizing profits, while DOGE recorded a small loss. Remixpoint stated that the move was based on considerations of market conditions, risk-reward characteristics, and financial strategy. Currently, Bitcoin is Remixpoint's only cryptocurrency holding, with approximately 1,506 Bitcoins valued at about $115.3 million. The company believes that concentrating its crypto investment portfolio on Bitcoin will help clarify its investment strategy and improve capital efficiency. Additionally, Remixpoint earned 14.92 Bitcoins in fees, valued at approximately $1 million, through Bitcoin lending between February 24 and August 31. The company's stock closed down 5% in Tokyo on Wednesday.
07:32
CME Group, the world's leading derivatives marketplace, today reported its second-highest August average daily volume (ADV) on record at 29.7 million contracts, an increase of 6% from August 2025. U.S. Treasury ADV was up 15% from last August, and Metals ADV grew 48%.
07:28
Rani Borkar, president of Azure Hardware Systems and Infrastructure at Microsoft, stated at SEMICON Taiwan 2026 in Taipei on Sept. 2 that building massive new memory chip capacity will not resolve the supply chain bottlenecks holding back the AI infrastructure build out. She called for innovation to relieve limited components.
07:25
The article points out that the Philadelphia Semiconductor Index and the KOSPI Index entered a bear market in July by traditional definitions, yet even at their lows, these two indices were still up 46% and 25% respectively for the year. Market strategists and analysts believe that under the AI boom, the high volatility and long-term upward trend of tech stocks render the traditional bear market definition (a 20% decline) obsolete. Investors might miss out on potential gains by adhering to traditional labels.
07:24
On August 26, Defiance ETFs filed for a 2x short ETF targeting TSMC. Just five days later, on September 1, the firm launched the Defiance Global Foundries ETF (Nasdaq: AIFR), which aims to long the entire semiconductor foundry industry with an annual expense ratio of 0.71%.
07:22
The dispute reignited after X published Indian government content curbs, which one freedom-of-speech advocate claims occur every 68 seconds.
07:16
Bank of England Governor Andrew Bailey warned in an open letter to G20 finance ministers on Monday that high valuations and market concentration in the AI sector, interacting with leverage, could amplify future market corrections, leading to disorderly corrections spreading globally.
07:15
Silver December futures opened at $64.69 per ounce on Wednesday, down 1.0% from Tuesday's closing price and hitting a two-week low. This decline occurred after the U.S. military launched its second wave of attacks on Iran in three days, prompting retaliation from the Iranian military against U.S. bases in the Middle East. Market analysis suggests that if the conflict continues and energy prices rise (Brent crude is already near $95/barrel), the Federal Reserve might be forced to raise interest rates later this month, which would exert further downward pressure on silver prices. This move by the U.S. signals a shift in its policy towards Iran from economic pressure to military action, aiming to compel a peace agreement and reopen the Strait of Hormuz.
07:14
Coatue Management significantly expanded its positions in Micron Technology by 1,794% to 3.14 million shares and Amazon.com by 49% to 11.83 million shares during the second quarter. Analysts interpret these moves as a strategic bet on AI demand, with Micron supplying high-bandwidth memory for AI systems and Amazon providing cloud services through AWS. This paired exposure allows Coatue to capitalize on both the component bottleneck and the infrastructure ownership in the AI supply chain.
07:14
The US military launched multiple overnight attacks on Kuhestak, Sirik County, Hormozgan province, close to the Strait of Hormuz, with local sources and authorities stating a wedding ceremony was struck. The Hormozgan governor's office identified four victims and reported over 60 wounded. US Central Command (CENTCOM) spokesperson Tim Hawkins said they were aware of reports of civilian casualties but claimed the US military never targets civilians. Iran's Ministry of Foreign Affairs condemned the strikes as "atrocities".
07:05
Plaintiffs allege Tether acted on an informal U.S. law-enforcement request, preceding the official warrant by over three months.
07:04
Financial commentator Jim Cramer stated on his August 31 show that Apple's balance sheet is "pristine" and the envy of the industry, while hyperscale companies have "ruined their balance sheets" to build data centers. However, data shows that Apple's total debt as of the end of fiscal year 2025 is $112.377 billion, nearly double Google's $59.291 billion, and its debt-to-equity ratio is 1.52, significantly higher than Google's 0.14. The article points out that despite this, Apple has a liquidity buffer of $124 billion and a net debt-to-EBITDA ratio of 0.5, which explains why the market grants Apple a P/E ratio of 42x, three times Google's P/E ratio of 14x. If Apple accelerates its AI infrastructure spending, its large-scale stock repurchase program and "pristine" balance sheet will face their first real stress test.

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