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US Treasury Secretary Janet Yellen indicated no immediate expansion of bond repurchases, stating no bonds have been bought yet. She affirmed the continuation of regular issuance plans, with potential adjustments not expected before the November quarterly refunding announcement, tempering market speculation on debt management shifts amid rising yields.
Read MoreOvernight markets saw Bitcoin surge past $80k to a new high. Coinbase launched native tokenized stocks on Base, while Meta previewed a new AI agent platform. Regulatory scrutiny hit an AI fund, and US-Iran sanctions tensions flared. Market sentiment churns amid technical breakthroughs and macro events.
Read MoreMeta plans to launch its consumer AI assistant platform 'Hatch' in coming weeks, with a new AI model to follow in October. The move aims to monetize AI investments and diversify beyond ads. The assistant can access services like DoorDash and Reddit, potentially with tiered pricing.
Read MoreZEC surged to an 8-year high near $888 before settling around $825, marking a weekly gain exceeding 70%. This rally highlights renewed investor interest in the privacy-focused cryptocurrency sector.
Read MoreIran's economy minister stated the country is fully prepared for new U.S. sanctions, warning that Washington cannot completely sever its financial ties. He promised retaliation if actions are taken, as the U.S. unveiled sweeping measures targeting Iran's digital assets, technology, and trade networks.
Read MoreLatest CME FedWatch data shows a 58.6% probability the Fed will hold rates steady in September, with a 41.4% chance of a 25-basis-point hike. October expectations reveal more complex scenarios, indicating ongoing policy uncertainty as markets watch inflation and employment data closely.
Read MoreThe SEC is investigating the near-collapse of AI hedge fund Situational Awareness, which once managed over $30 billion. Founded by a former OpenAI researcher, the fund suffered massive losses due to declining AI stocks and failed short positions, leading to a fire sale. Subpoenas have been issued to major Wall Street banks.
Read MoreThe US Dollar Index edged up 0.2% on August 24, closing at 99.003. The modest gain reflects stabilizing market sentiment during late trading, with the dollar finding support above a key psychological level, offering insights into near-term currency dynamics.
Read MoreUN Secretary-General Guterres announced a special task force to address the shipping crisis in the Strait of Hormuz. The mechanism aims to ensure the transport of critical supplies like fertilizers through registration, verification, and monitoring, alleviating severe pressure on global trade, energy, and food supply chains. Guterres called it a practical first step to rebuild trust and reduce risks.
Read MoreThe U.S. Treasury Department has launched a "Quantum Security Preparedness Task Force" to spearhead the financial sector's transition to quantum-resistant cryptography. The initiative addresses the looming threat that advanced quantum computing poses to current encryption standards, aiming to safeguard sensitive data, payment systems, and critical financial infrastructure through coordinated migration planning and risk assessment.
Read MoreA senior advisor to Iran's Supreme Leader warned that Tehran's response to US threats will be more decisive than ever. He stated that decades of American strategies involving sanctions, war, and attempts to divide Iran have failed, and the US now faces a united Iran with significant deterrence capabilities in the Strait of Hormuz.
Read MoreA new poll reveals only 31% of Americans support military action against Iran, the lowest level since the conflict began. Concerns over a prolonged war are growing, dragging President Trump's approval rating down to 33%. Declining Republican support is a key factor.
Read MoreOn August 25th, US major indices closed mixed. The Dow Jones rose 0.26%, while the tech-heavy Nasdaq fell 0.76%, and the S&P 500 dipped 0.28%. Significant declines in storage and optical communication sectors, alongside a split performance among major tech giants, highlighted investor caution and rotation away from certain high-valuation areas.
Read MorePresident Trump sharply criticized Canadian leadership on social media, accusing it of long-term dependence on US support while not "playing by the rules". He warned the US would no longer tolerate Canada harming its interests, citing issues like energy transit and business flight, signaling potential bilateral tensions.
Read MoreBitcoin has fallen below the $79,000 level, currently trading around $78,897 with daily gains narrowing to 2.21%. Heightened market volatility underscores the need for investors to exercise caution and implement robust risk management strategies.
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