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The US economy grew 2.1% year-over-year in the second quarter, according to revised data. While slightly below some forecasts, the figure highlights ongoing resilience amid high interest rates. Consumer spending and business investment provided key support, though inflation and policy uncertainty pose challenges ahead.
Read MoreThe U.S. core Personal Consumption Expenditures price index rose 0.2% month-on-month in July, aligning with market expectations and slightly up from June's 0.1%. This key inflation gauge suggests price pressures may be easing.
Read MoreMiniMax announced its August Annual Recurring Revenue exceeded $800 million, with Q2 revenue up 81.8% quarter-on-quarter. July token consumption surged 20 times from January, with B2B contributing over 80% of total ARR. The company's computing infrastructure now independently supports its largest training tasks at 97% effective training time.
Read MoreMicron Technology announced key leadership changes to drive innovation and growth. Manish Bhatia becomes President and COO, overseeing global operations. Scott DeBoer is appointed President and Chief Technology & Product Officer, leading product roadmap and R&D. Sumit Sadana transitions to Senior Advisor to the CEO.
Read MoreHong Kong's financial market reaches a new milestone with the launch of the world's first Bitcoin-Gold hybrid ETF on HKEX. This innovative product offers investors a single instrument to gain exposure to both cryptocurrency and traditional safe-haven assets, showcasing Hong Kong's growing role in digital asset innovation.
Read MoreIran's Revolutionary Guards announced a preliminary agreement with Oman on the management and revenue sharing of the Strait of Hormuz. The process has been delayed due to US interference. Iran asserts joint control with Oman and warns the strait will remain closed if its conditions are not met.
Read MoreChangpeng Zhao highlighted potential US regulatory pathways for Hyperliquid at a recent conference. He argued that successful entry would unlock decentralized services like perps for US users, catalyze broader ecosystem growth, and boost liquidity and competitiveness across the global crypto market.
Read MoreAlibaba announced the completion of a major share placement on August 26, issuing 710 million new shares at HK$112.07 each to at least six placees. The net proceeds are approximately HK$79.7 billion, representing about 3.57% of the enlarged share capital, earmarked for core business and strategic initiatives.
Read MoreIran and Oman have reached an agreement on revenue sharing from the strategic Strait of Hormuz, as announced by an Iranian Revolutionary Guards spokesperson via Sepah News. This deal marks a significant step in regional economic cooperation and resource management.
Read MoreCX Technology has fully exercised the greenshoe option for its STAR Market IPO, issuing an additional ~1.003 billion shares, bringing total shares to 67.884 billion. As the share price remained above the offering price, the underwriters did not need to conduct stabilizing purchases in the secondary market.
Read MoreHYPE cryptocurrency surges past $83.5 to set a new all-time high, currently trading at $83.44 with a 24-hour gain of 3.12%. This article analyzes the market drivers, technical performance, and potential future trends behind this rally.
Read MoreOn August 26, New York gold futures fell below the key $4,670 per ounce support level, dropping 0.53% intraday. The decline has heightened market focus on short-term gold trends, with investors closely watching macroeconomic signals and safe-haven sentiment shifts.
Read MoreUPBIT has listed Polyswarm (NCT) and enabled KRW trading pairs. To mark the launch, a zero trading fee promotion is active from August 26, 21:00 until August 27, 20:59, offering users a cost-effective trading window.
Read MoreBernstein analysts predict Bitcoin could reach $150,000 by mid-2027, peaking around $300,000 by 2029. The firm also lowered its price target for MicroStrategy, citing an updated Bitcoin cycle outlook and accelerated share dilution.
Read MoreMINIMAX's interim report reveals a 100.9% year-on-year surge in AI native product revenue, reaching $42.6 million. Growth is driven by heightened user engagement, stronger willingness to pay, and successful commercialization of products like Conch AI. The company is enhancing its product suite to help users apply cutting-edge AI models directly to productivity tasks.
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