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9/3
16:10
The total global cryptocurrency market capitalization climbed to nearly $2.82 trillion on Thursday, reaching a new seven-month high. Bitcoin (BTC) surged 5.4% to break above $81,000; Zcash (ZEC) led the top 50 cryptocurrencies with a 16.5% gain; Cardano (ADA) rose 13%, while Dogecoin (DOGE) and XRP each increased by approximately 10%.

Crypto-related stocks also saw broad gains, with MicroStrategy (MSTR) and USDC issuer Circle (CRCL) both up 15%, and Coinbase (COIN) rising about 10%. Market expectations for the Federal Reserve's September 16 FOMC meeting were nearly evenly split between a 25 basis point rate hike and maintaining current interest rates.
16:03
Claudia Panseri, Chief Investment Officer at UBS Wealth Management France, discussed the surge in global bond yields driven by inflation concerns, market expectations for European Central Bank rate hikes, and the Japanese Yen's trajectory on Bloomberg Television.
15:56
Coinbase Global Inc. is taking the initial regulatory step to allow US investors to engage in leveraged, round-the-clock trading on stocks without direct ownership, aiming to bring a popular crypto trading method to the traditional financial market.
15:46
Mantle has integrated Paxos-issued USDG as a natively minted stablecoin and joined the Global Dollar Network's reward-sharing structure.
15:38
Thinking Machines, an AI lab founded by former OpenAI CTO Mira Murati, is reportedly in talks for a $1 billion funding round at a $40 billion valuation, with existing investor Accel expected to lead. According to sources familiar with the matter, the company's annualized revenue run rate has already exceeded $100 million. If completed, this funding round would value the company below the $50 billion it sought last year.
15:37
The US House of Representatives has passed a bill, by a 237-169 vote, that would penalise American universities for boycotting Israel or its academic institutions, including those in the occupied West Bank, by withholding federal funds. Critics argue the measure infringes on Americans' freedom of speech, citing First Amendment concerns. The bill still requires adoption by the Senate and President Trump's signature to become law. Supporters contend the measure aims to regulate commercial conduct, not speech.
15:35
The expanded state and local tax (SALT) deduction, championed by New York lawmakers, is gaining favor around the US, benefiting well-heeled taxpayers in states like Ohio, Colorado, North Carolina, Michigan and Pennsylvania.
15:30
The USD/JPY exchange rate plummeted on Thursday, hitting a more than one-month low of 155.34 during intraday trading, marking a 2.1% single-day decline. It is currently trading at 155.40. The Chicago Mercantile Exchange (CME) noted that selling pressure is accumulating on options with a strike price of JPY 155. If this level is effectively breached, a dual technical and derivatives-driven pressure could push the dollar further down, potentially accelerating the yen's appreciation. The market generally believes that expectations of a potentially larger-than-anticipated interest rate hike by the Bank of Japan (BOJ), along with statements made by US Treasury Secretary Scott Bessent regarding Japan's policy direction, are the core drivers behind the yen's strengthening.
15:14
Australia is rapidly becoming a global data center destination, with 162 data centers already built and another 90 in the planning stages, representing a total investment expected to exceed A$155 billion (approximately £80 billion). However, the industry faces significant challenges, as data center energy demand could triple by 2030 and potentially lead to a 26% increase in electricity prices in New South Wales by 2035. To meet power demands, companies like Cloud Carrier plan to build gas-fired power stations, raising concerns about the environment and water consumption.
14:59
Bitcoin rallied 5% to reclaim $80,000, while the US dollar weakened amid market suspicion of a continuing Bank of Japan currency intervention. Analysts, however, remain split on the intervention's overall impact.
14:58
Former Deputy Director of National Intelligence Karen Gibson stated that if President Trump declares the war with Iran over, it would signal he has abandoned the war's aims, including putting curbs on the Iranian nuclear program. Gibson added that even if Trump declares the war over, it will likely not move Iran's blockade on the Strait of Hormuz unless the US is prepared to give up its economic campaign as well.
14:51
Bloomberg's Erik Wasson highlighted that US bond yields are spiking due to concerns over the total US public debt exceeding $40 trillion. Despite this, congressional lawmakers are reportedly shrugging off these concerns, with some indicating plans for even more deficit spending.
14:50
Shares of businesses where founding family members have significant management control or major shareholdings have underperformed in recent years, with the advantages associated with such companies, such as speedy decision-making, fading as corporate governance reforms spread.
14:40
Abliteration.ai, a startup, is commercializing a service that removes AI model safety guardrails, making AI models without safety restrictions, including Z.ai's GLM-5.3, more accessible to users. The company argues this move could improve cybersecurity by giving defenders the same tools as attackers. However, critics like Andrew Yoon, research director at AI safety nonprofit CivAI, suggest this could lead to models being modified into "sociopaths" and used for harmful purposes in the near future. TechCrunch's tests showed that models with removed guardrails could easily generate password-stealing programs or protocols for cultivating dangerous pathogens. Abliteration.ai co-founder Devon stated that the company is working to define its boundaries of responsibility and plans to implement more measures to prevent violent behavior, but currently, no KYC (Know Your Customer) measures beyond credit card information have been integrated.

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