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Crypto Firms Still Seek Frontier AI Access, With Only a Select Few Having It; Executives Question Restrictions as Open-Source Alternatives Improve
Crypto Firms Still Seek Frontier AI Access, With Only a Select Few Having It; Executives Question Restrictions as Open-Source Alternatives Improve
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South Korea's FSC Announces Revised Anti-Vishing Rules Take Effect Today, August 4, Enabling Broader Information Sharing via ASAP, Including Virtual Asset Data
The revised rules, under the Special Act on the Prevention of Loss Caused by Telecommunications-based Financial Fraud and Refund for Loss, allow financial companies, telecom service providers, and inv
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SK Hynix and SanDisk jointly release the world's first High Bandwidth Flash (HBF) standard specification, with Google joining the ecosystem
SK hynix and SanDisk jointly announced the world's first standard specification for High Bandwidth Flash (HBF) at the "FMS 2026" storage summit held in Santa Clara, California. This specification come
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Russia expands shadow LNG fleet ahead of EU ban
Russia is expanding its shadow fleet of ships to help Moscow continue exporting liquefied natural gas (LNG) when EU sanctions tighten next year.
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Iran allegedly launched cyberattacks on water systems in seven U.S. states; Donald Trump denied Iranian responsibility, but cyber experts pointed to Tehran.
The US state of Minnesota last week reported that more than 30 of its state water systems had been subjected to a "coordinated cyberattack." Days later, the Federal Bureau of Investigation (FBI) warne
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Goldman Sachs' Timothy Moe Warns Japan Equities Risk Tactical Correction, But Maintains Bullish View on Structural Fundamentals
Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe discussed Japan's macroeconomic environment following recent currency market intervention. He warned that Japanese stocks risk a tactica
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GoogleDeepMind Chief Strategy Officer: Hundreds of Billions in AI Industry CAPEX Is "Humanity's Biggest Scientific Bet," Core Bet Is on "Recursive Self-Improvement"
Jasjeet Sekhon, Chief Strategy Officer at Google DeepMind, stated at the Agentic AI Summit at UC Berkeley on August 3 that the AI industry's current massive capital expenditure (such as Google's appro
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Japanese Cybersecurity Startup Josys, 'Born as a Hybrid of India and Japan,' Offers Ransomware Defenses
Josys, a Japanese cybersecurity startup, sells enterprises defenses against rising ransomware attacks. CEO Yasukane Matsumoto stated the company was "born from the beginning as a hybrid of India and J
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Grab raises full-year revenue outlook to $4.10B-$4.15B and EBITDA to $720M-$740M, CFO says AI helps ship products 3 times faster
Southeast Asian ride-hailing and delivery firm Grab reported record second-quarter results on Tuesday, with revenue growing 22% year-on-year to $997 million and operating profit reaching $19 million,
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Goldman Sachs: China's Commodity Footprint Cushions Global Energy Shocks and Stabilizes Gold Prices, But Amplifies Volatility in Critical Metals
In a report published on Monday, Goldman Sachs commodities analysts Daan Struyven and Lia Thomas stated that China acts as a de facto “volatility arbiter” for global commodity markets. They noted that
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South Korea’s Leveraged ETF Trading Tied to Chip Giants Plummets Under New Curbs
South Korea’s Leveraged ETF Trading Tied to Chip Giants Plummets Under New Curbs
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SpaceX is tightening its supply chain to reduce Chinese influence, aiming to keep Chinese nationals and parts out.
SpaceX is tightening its supply chain to reduce Chinese influence, aiming to keep Chinese nationals and parts out.
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Deutsche Bank maintains its gold price target of $4,600/ounce, stating that "the explosive rally is not over yet."
Deutsche Bank precious metals strategist Michael Hseuh stated that the "explosive upside phase" for gold prices, which began in August 2024, has not yet ended, and maintained his forecast of $4,600/ou
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India's Bond, Loan Markets Pumped Up by Surge in Diaspora Dollar Demand
Indian lenders are racing to boost the leverage on foreign currency deposits they offer to overseas citizens, leading to a surge in dollar demand that is firing up the country's dollar bond and loan m
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China stock traders cut leveraged positions by 14% in July, with margin trading outstanding value falling to 2.59 trillion yuan ($383.4 billion) from a June 25 high of 3.01 trillion yuan, fu
The deleveraging was concentrated in tech stocks on the Shanghai and Shenzhen exchanges, contributing to the Star Market 50 Index's worst monthly performance since its inception. This unwinding of pos
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The U.S. and Japan joined forces to spend nearly $100 billion to intervene in the foreign exchange market and buy yen, but the market believes Bank of Japan (BOJ) that intervention without a rate hike is ineffective, and the yen’s rebound quickly faded.
The Japanese Ministry of Finance has confirmed that it has jointly intervened with the U.S. Treasury Department, spending nearly $100 billion over two days to buy Japanese yen, a record amount, and wa
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JGBs Edge Higher, Tracking Gains in U.S. Treasurys
JGBs Edge Higher, Tracking Gains in U.S. Treasurys
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Gold Holds Steady as Middle East Talks Weigh on Fed Rate Hike Outlook
Gold moved in a narrow range as traders monitored talks in the Middle East for signs of progress that would ease pressure on the US Federal Reserve to raise interest rates.
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Donald Trump on Truth Social endorses Senator Ashley Moody, praising her work for Florida and stating she "will not let you down."
Trump praised Senator Moody, a fifth-generation Floridian who previously served as State Attorney General for six years, for her efforts to grow the economy, cut taxes and regulations, promote "MADE I
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Donald Trump endorses Congressman Michael Baumgartner for re-election in Washington’s 5th Congressional District ahead of August 4th Election Day
Former U.S. President Donald Trump announced his "Complete and Total Endorsement" for Michael Baumgartner, praising his work on issues such as supporting farmers and ranchers, cutting taxes and regula
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Donald Trump Endorses Congressman Ben Cline for Re-Election in Virginia's 6th Congressional District Ahead of August 4th Election Day.
Former U.S. President Donald Trump announced his "Complete and Total Endorsement" for Ben Cline's re-election bid, citing Cline's work on economic growth, tax cuts, border security, and support for la
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U.S. President Donald Trump called his latest negotiating offer Tehran's "last chance" and predicted the Strait of Hormuz would fully reopen, after oil prices stabilized following their biggest weekly drop.
Oil prices stabilized after their biggest drop in a week, as US President Donald Trump said his latest negotiation offer was Tehran's "last chance" and expected the Strait of Hormuz to fully reopen.
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Donald Trump endorses Congressman Eric Burlison for re-election in Missouri’s 7th Congressional District ahead of the August 4th election.
Donald Trump endorses Congressman Eric Burlison for re-election in Missouri’s 7th Congressional District ahead of the August 4th election.
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Donald Trump endorses Mike Bouchard for Michigan's 10th Congressional District ahead of August 4th election
Former President Donald Trump announced his "complete and total endorsement" for Mike Bouchard, a U.S. Army Veteran and Bronze Star Recipient, to represent Michigan's 10th Congressional District. Trum
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Iran's oil supply to Chinese refineries is rapidly depleting due to U.S. sanctions.
Bloomberg reported that Iranian oil available to Chinese buyers is rapidly depleting, indicating that the U.S. blockade of Iranian ports has effectively cut off Tehran's revenue.
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Goldman Sachs: Hedge Funds Underperformed S&P 500 in July, Worst in Over 20 Years
Goldman Sachs strategists stated that hedge funds underperformed the S&P 500 in July, marking their worst single-month performance in over two decades, primarily due to the fading momentum of AI. The
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Indonesia seeks expanded joint military exercises with China
Indonesian Defense Minister Sjafrie Sjamsoeddin called for broader and more intensive joint military exercises with China during a bilateral meeting with his Chinese counterpart, Adm. Dong Jun, in Jak
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Bloomberg: Asia's emerging market small-cap AI companies led gains this month, as investors shifted from chip giants to data center-related small-caps, with some surging as much as 90%.
Bloomberg reported that the rally in emerging market technology stocks is spreading to new companies, as investors shift their focus from chip manufacturing giants to smaller firms powering data cente
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Ukraine seeks Elon Musk's help to use Starlink-equipped drones to strike Russian missile launchers up to 200km inside Russia
Ukraine seeks Elon Musk's help to use Starlink-equipped drones to strike Russian missile launchers up to 200km inside Russia
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Samsung Electronics' labor union plans to hold a rally in Seoul on Friday afternoon to protest the widening pay gap with its semiconductor division.
The union primarily represents employees in Samsung's consumer device business, with its members concentrated in the Device eXperience (DX) division. The rally takes place against a backdrop where an
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Economists warn Taiwan's AI-fueled 11.05% GDP growth forecast for 2026 is likely unsustainable, citing risks from capex slowdowns and semiconductor concentration
Taiwan's statistics agency recently projected an 11.05% GDP growth for 2026, an increase from its 9.64% forecast in May. However, economists from Maybank, Tiger Fund Management, BMI, EIU, and UOB sugg
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Australian bond futures positions near record high on hedging demand
Australian bond futures positions near record high on hedging demand
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South Korea to launch 'Future Fund' with AI boom's 'windfall revenue'
South Korea's budget ministry announced Friday that it will launch the "Future Fund" to promote long-term economic growth. The fund will be financed by what the government calls "windfall revenue" fro
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China's National Bureau of Statistics: The total output of early rice nationwide in 2026 was 28.292 million tons, a year-on-year decrease of 0.8%.
According to data released by the National Bureau of Statistics, the national per-unit area yield of early rice in 2026 was 5963.4 kg/hectare, a decrease of 48.5 kg/hectare or 0.8% compared to 2025; t
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AI helps Southeast Asia-based scammers cut costs, leading to wider spread of cross-border crimes
The use of artificial intelligence is facilitating the spread of fraud and other cross-border crimes in Southeast Asia. US-driven clampdowns are prompting these fraud groups to relocate from countries
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South Korea's KOSPI index opened down 1.35% on Friday, then narrowed its losses to 0.31%, closing at 6,831.53 points, dragged down by a renewed rise in US Treasury yields and higher oil prices.
U.S. government bond yields resumed their rise on Thursday, reversing some of the previous day's declines, after the U.S. Treasury announced an expansion of bond buybacks.
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South Korea's Exports Jumped 56% in Early August, Driven by Strong Chip Shipments
South Korea's exports surged 56% from a year earlier over the first 20 days of August, reaching $55.2 billion, customs data showed. This marks the highest level for the 20-day period for any August, w
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South Korea's producer prices in July fell 0.4% for the first time in 11 months, due to lower oil prices.
South Korea's central bank data shows that the Producer Price Index in July fell by 0.4% month-on-month, the first monthly decline since August 2025. This was mainly driven by falling global crude oil
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Donald Trump vows 'economic D-Day' on Iran, threatens 'massive' economic consequences for countries doing business with it
US Treasury Secretary Scott Bessent stated that the United States will take action against any country deemed to be providing a lifeline to Iran, and will announce the specific mechanisms for new econ
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Changpeng Zhao: Supports tokenization on all blockchains, believes it's the best way for nations to raise funds and attract foreign direct investment
He pointed out that although tokenization brings about the problem of "fragmented liquidity," it is the fastest way to drive industry growth and can be partially solved by improving interoperability b
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Japan's headline inflation hit 1.9% in July, highest this year, driven by energy prices due to the Iran war
Core inflation, which excludes fresh food but includes energy, rose 1.8%, in line with expectations. Wholesale inflation also surged to 7.2% in July, with electricity charges being the largest contrib
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Yemeni government forces and Houthi rebels escalated clashes, with government forces launching 81 attacks within 24 hours, and Houthi rebels claiming to have attacked targets inside Saudi Arabia.
A Yemeni government military spokesman stated that over the past 24 hours, government forces launched 81 attacks on Houthi positions, resulting in the "elimination" of several Houthi fighters and fiel
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Elon Musk retweeted a post stating that if humanoid robots possess high dexterity and intelligence, everyone will have access to healthcare services surpassing those available to the wealthiest people on Earth, and human happiness will be significantly enhanced.
Elon Musk retweeted a post from cb_doge, which quoted Musk himself stating that highly dexterous and intelligent humanoid robots will enable everyone to receive better medical care than even the wealt
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OpenAI is gaining on Anthropic with US business users in Q3, though Anthropic still leads in market share as of July, new data indicates
Data from corporate credit card and expense management company Ramp shows OpenAI is growing faster among US businesses in Q3 to date, after losing the lead to Anthropic in May. As of July, Anthropic h
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Foreign ownership of Japan stocks hit a new record for three consecutive years in fiscal 2025, exceeding one-third, driven by the AI boom and improved corporate governance.
Foreign ownership of Japan stocks hit a new record for three consecutive years in fiscal 2025, exceeding one-third, driven by the AI boom and improved corporate governance.
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The White House released the "National Space Transportation Policy," aiming to ensure continued U.S. leadership in space and planning to support over 1,000 launches and reentries annually by 2030.
The policy identifies space access as a critical national and economic security interest and directs U.S. executive departments and agencies to take actions including optimizing launch and reentry inf
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Former New York Fed President Bill Dudley Warns US Stocks Are in Bubble Territory
Former New York Fed President Bill Dudley Warns US Stocks Are in Bubble Territory
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UK life insurer Standard Life has reached an agreement with CVC, Goldman Sachs, and PGIM to invest over a trillion dollars in private market assets for UK pension funds.
London-based life insurer Standard Life announced on Thursday that it has reached an agreement with private equity firms CVC Capital Partners, Goldman Sachs, and PGIM, the asset management arm of Prud
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