Asian Bonds Slide With Treasuries as Oil Gains Stoke Inflation Fears
Asian bonds followed US Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken, Bloomberg reported. Sovereign bonds in Australia and New Zealand dropped, and Japan's 10-year yields extended gains after hitting multi-decade highs on Monday, while the US 30-year yield rose to 5.32%, a level last seen in June 2007. Oil advanced as Middle East peace prospects dimmed, with Brent up 0.3% to $91.10 a barrel after U.S. President Donald Trump said he wasn't interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon. AT Global Markets analyst Nick Twidale said the mix of elevated oil, higher yields and renewed geopolitical risk is likely to keep markets volatile.The climb in Treasury yields reflected investor angst over surging government spending, heavy long-dated debt sales and inflation that has stayed above the Fed's target for five years, according to Bloomberg. Asked whether he would seek to extend the June memorandum of understanding, which technically expired Monday, Trump told reporters "no." Asian stocks erased earlier gains, with MSCI's regional gauge down 0.1%, though South Korea rose 1.2% as traders returned from a holiday and chipmakers gained on Anthropic's surging sales. Gold extended a two-week advance to around $4,425 an ounce as easing Fed-hike expectations pressured the dollar, and China's 10-year bond futures hit a record after data showed a deepening slowdown. In corporate news, Nvidia agreed to spend as much as $105 billion to support a new Ohio data-center campus to be leased by OpenAI, RTX won a $23 billion US Navy Tomahawk contract, and BHP's profit rose almost a third as copper revenue overtook iron ore for the first time.
ASIA MARKET OPEN | Seoul's KOSPI Jumps Nearly 2.4% at Open on Chip Rally; Tokyo Slips, Hong Kong Opens Lower
According to Yonhap, the Korea Herald and HKET, Asian equities diverged at Tuesday's open as chipmaker strength lifted Seoul while Tokyo and Hong Kong slipped, tracking overnight losses on Wall Street where the Dow Jones Industrial Average fell 0.51% and the Nasdaq Composite eased 0.32% amid elevated oil prices and fading hopes for an Iran deal. Tokyo's Nikkei 225 opened lower, trading at 68,857.46, down 362.79 points or 0.52% as of 01:40 UTC, weighed by chip-related names as Japan's 10-year government bond yield climbed to a three-decade high. Tokyo Electron fell 2.41%, Advantest dropped 2.04% and Sony declined 1.46%. Seoul's KOSPI led regional gains, opening 2% higher and extending to 7,144.85, up 166.91 points or 2.39% as of 9:15 a.m. local time, driven by chipmakers. Samsung Electronics rose 3.64% and SK hynix jumped 6.38%, while shipping firm HMM surged 9.41%. Carmaker Hyundai Motor slipped 0.77%. Hong Kong stocks opened softer, with the Hang Seng Index down 84 points at 25,368 and the Hang Seng Tech Index off 0.3% at 4,768. Baidu firmed 1% ahead of results and Zijin Gold International rose 5%, while Xiaomi fell more than 1%. Chip name SMIC added nearly 2%, and jeweller Chow Sang Sang jumped 11% after flagging a profit surge. Taiwan's TAIEX opened up 65.13 points at 45,922.40, with Nanya Technology hitting a record NT$553 and TSMC opening NT$15 higher at NT$2,415; the index later pared gains to 45,793.13, down 0.14% as of 01:40 UTC. In mainland China, the Shanghai Composite edged up 6.79 points or 0.17% to 3,989.45 and the Shenzhen Component gained 0.20%, as of 01:40 UTC. Newly listed Pinzhun Laser opened more than 488% higher on its debut, the priciest new share of the year to date.
Crypto Market Sees $186 Million in Liquidations Over 24 Hours
Crypto liquidations across the market totaled about $186 million in the past 24 hours, according to CoinAnk data. According to Foresight News, long positions accounted for about $78.6313 million, while short positions made up about $107 million. Bitcoin liquidations reached about $37.6174 million, and Ethereum liquidations totaled about $35.1261 million.
Neynar Hunts New Owner for Farcaster Just Seven Months After Buying It
Neynar has begun looking for a new team to run the decentralized social protocol Farcaster, the token launcher Clanker and its own developer platform, co-founder Rish Mukherji said on Aug. 17, just seven months after acquiring the protocol from Merkle Manufactory, The Defiant reported. The move puts Farcaster into its second ownership handoff of 2026 and leaves it without a funded operator, as Neynar plans to return what remains of its balance sheet and disperse its staff. Mukherji said the company had started a process to find a new home for the products, adding that Farcaster had seemed a good fit earlier this year but that much had changed and Neynar was "not the right fit for what's needed next." Farcaster's economics collapsed under Neynar's ownership, according to The Defiant, citing DefiLlama. Combined protocol fees fell from $35.43 million in the first quarter of 2026 to $4.67 million in the second and just $376,740 between July 1 and Aug. 17, with cumulative fees since launch at $94.1 million. Fee-funded buybacks have stopped, and CLANKER traded at $12.29, down 3.6%, with a $12.12 million market cap. Merkle Manufactory, built by Dan Romero and Varun Srinivasan, transferred Farcaster to Neynar on Jan. 21 and had planned to return the full $180 million raised to investors; Romero and Srinivasan later joined Stripe- and Paradigm-incubated payments chain Tempo. Neynar itself raised $11 million in a 2024 Series A but has not disclosed what it paid for Farcaster. Mukherji invited interested parties to reach out, and Base-based onchain lottery Megapot publicly replied that it is interested.
Ethereum Foundation Opens Glamsterdam Early Testnet Platåberget for Community Testing
The Ethereum Foundation's Protocol DevOps team has launched Platåberget, an early testnet for the Glamsterdam upgrade, and opened it to community testing. According to Foresight News, the testnet is expected to run for several months and will provide a stable environment, with the Glamsterdam fork scheduled for August 20 on the network. Platåberget offers one-click network configuration and a faucet for test ETH through its resource page. After feedback is incorporated into client software, the team plans to launch a non-finality devnet within one month to test abnormal consensus scenarios. Sepolia, Hoodi and other long-term testnets will later complete the Glamsterdam fork before the upgrade reaches Ethereum mainnet. The Glamsterdam upgrade includes Enshrined Proposer-Builder Separation, Block-Level Access Lists, gas fee repricing targeting a lower limit of about 200 million gas, and higher maximum sizes for contracts and initcode, from 24 KiB and 48 KiB to 64 KiB and 128 KiB, respectively. The team said tools that rely on hardcoded maximum gas limits, including wallets, indexers and gas estimators, will be affected and need updates.
Dollar Falls to 10-Week Low as Weak Data Dampens Fed Hike Bets
According to Jin10, the dollar fell to a 10-week low against a basket of currencies as markets scaled back expectations for U.S. rate hikes, while U.S. Treasury yields also declined. Recent weak U.S. employment and retail sales data, along with subdued inflation data, prompted investors to reduce their bets on rate increases. BankPro CEO Paul Brokado said in a report that the dollar's decline may be limited if uncertainty in the Middle East and the resulting inflation concerns persist.
UK Considers Cutting EV Sales Target to 50% by 2030
The UK government has launched a review that could cut the electric vehicle sales target from 80% of new car sales by 2030 to as low as 50%, according to BBC. The consultation runs until late October and follows pressure from car makers, who say the current ZEV mandate is too costly and could threaten jobs. Under the existing policy, the share of new car sales that must be EVs rises each year from 33% in 2026 to 80% in 2030. The government said the petrol and diesel car ban after 2030 will remain, while one option under review would keep the 80% target but give manufacturers flexibility until 2034. Transport Secretary Heidi Alexander said the government wants targets that are practical and support British industry.
NBISB Reaching a New All-Time High, Increase of 3.32% in 24 Hours
On Aug 17, 2026, 10:44 AM(UTC). according to Binance Market Data, NBISB has achieved a new all-time high, trading at 284.25 USDT. The 24-hour increase of 3.32%
Kurdistan Regional Government Says Two Drones Hit Prime Minister's Office and Security Chief's Residence
According to Jin10, the Kurdistan Regional Government's security statement said two drones struck the regional government's prime minister's office and the residence of the head of its security agency on Monday, with the attack originating from Iranian territory and no casualties reported so far.
Family Offices Increase SpaceX Exposure to About $3.8 Billion
Ultra-high-net-worth family offices from the Americas, Europe, and the Middle East are increasing their investments in SpaceX, with total exposure reaching about $3.8 billion. According to Odaily, Bloomberg data based on regulatory filings showed that a family office run by Hyatt heir Nick Pritzker held about $1.8 billion in SpaceX positions at the end of June. More family offices have been investing in the company through private market channels as SpaceX draws market attention after its initial public offering. SpaceX remains a high-valuation private technology asset, and its equity has long attracted institutional investors and wealthy individuals. Investors are focusing on SpaceX's position in commercial spaceflight, as well as its Starlink satellite internet business and potential in future AI infrastructure. SpaceX is also becoming an investment target linked to aerospace, satellite communications, and AI infrastructure. The report said family offices' large bets also reflect the limited liquidity of SpaceX private equity trades and its high valuation, which expose investors to long-term valuation and exit risks.
ICE Plans $10 Million to $20 Million Purchase of Electric Shock Gloves
According to Axios, U.S. Immigration and Customs Enforcement plans to spend between $10 million and $20 million on electric shock gloves and issue them to Homeland Security Investigations and Enforcement Removal Operations officers and agents, according to a Department of Homeland Security notice published Monday. The CTG-5 Generated Low Output Voltage Emitter, or G.L.O.V.E., is made by Kentucky-based Compliant Technologies and is designed to stop detainees or subjects from performing coordinated muscle movement through direct skin contact that causes pain. The device's user guide says it should not be used against verbal defiance or as punishment, and the manufacturer advises against using it on elderly people, children, pregnant women, and those with serious disabilities. ICE is also expanding its use of body cameras after fatal shootings and other use-of-force incidents.
Kangaroo, Panda, Dim Sum Bond Sales Hit Records Across Asia
Foreign borrowers are flooding Asia-Pacific bond markets, with kangaroo, panda and dim sum sales all hitting records in 2026. According to BeInCrypto, kangaroo bonds reached about $42 billion this year, Hong Kong dollar issuance hit a record, and Commerzbank, Engie and Singapore Airlines sold Australian dollar or yuan bonds for the first time. Panda bond sales reached about 160 billion yuan and dim sum sales 350 billion yuan in the first half of 2026.
RBC’s Calvasina Sees Cracks in US Consumer Resilience
Lori Calvasina, head of US equity strategies at RBC, said US consumer resilience is starting to show cracks ahead of retail earnings this week, according to Bloomberg. She also said she does not see any impediments to the buy America trade.
STOCKS | European Stocks Open Higher as Technology and Pharma Shares Lead
According to Jin10, European stocks mostly rose on Monday, after most major indexes fell last week, with only Germany's DAX index hitting a record high. The Stoxx Europe 600 rose 0.2%, led by technology and pharmaceutical shares. SpaceX supplier STMicroelectronics gained 3%, while ASML and its smaller rival ASM International rose 2.35% and 2.7%, respectively. Dutch drugmaker Argenx led gains with a rise of about 7.7% after it reported positive clinical trial results. Germany's DAX and the FTSE 100 rose 0.02% and 0.3%, respectively, while France's CAC 40 fell 0.1%.
Asian stocks traded sideways Monday as investors weighed a renewed rise in oil prices against a global equity rally that hit records last week. According to BeInCrypto, Japan’s Nikkei briefly rose 0.4% before easing back, while the MSCI Asia-Pacific ex-Japan was flat and Australia’s resources-heavy shares fell 0.3%. Brent crude held near $89 a barrel after rising 6% last week, with US crude at $82.12, as stalled Iran diplomacy kept energy markets on edge.
STOCKS | UBS Raises Long Position in WuXi AppTec H Shares to 7.67%
According to Jin10, Hong Kong exchange filings showed that UBS Group's long position in WuXi AppTec's H shares (02359.HK) rose from 6.95% on August 11 to 7.67%.
Pre-IPO Trading Emerges Around Unitree Technology Subscription Rights
Trading in Unitree Technology's new-share subscription rights has reportedly begun before the company has officially listed. According to ChainCatcher, multiple listings on secondhand trading platforms such as Xianyu have appeared offering to buy or sell rights tied to the stock's allotment. According to ChainCatcher, several intermediaries are buying the new-share rights through different channels, with quoted prices varying widely. Some intermediaries are offering 520 yuan per share, above the 150.8 yuan issue price, while others are quoting 410 yuan per share. Among some investors and intermediaries, the practice is also being referred to as an off-market trade.
STOCKS | Haitong International Raises Bilibili Target Price to $26
According to Jin10, Haitong International said Bilibili's content value advantage is becoming more evident and raised its target price to $26 from $21, while maintaining an outperform rating on the U.S.-listed shares. The firm also forecast that Bilibili's adjusted operating profit for fiscal 2026 will be 3.086 billion yuan, up 26% year on year, and said second-quarter adjusted operating profit is expected to grow 20%.
Iran's Agriculture Minister Says Food Security Faces No Risks
According to Jin10, Iran's Agriculture Minister said that despite many problems and difficulties over the past few months, food security faces no risks and enemies have become desperate in this area.
TECH TRENDS | Voyager Technologies Founder Says Humans Will Live and Work in Space
Voyager Technologies founder and CEO Dylan Taylor said humans will live and work in space, with the next goal being the Moon. According to Sina Finance, Taylor said that could happen in the 2030s, likely in the early 2030s. Taylor said people could potentially commute to the Moon within 10 years and that a lunar base will be built. He also said humans may eventually live and work on the Moon, while Mars is a backup refuge rather than a new home. Taylor said he agrees with Elon Musk, Jeff Bezos, and Sam Altman, who have also predicted that humans will eventually live and work in space. He added that future space jobs could include resource extraction, orbital data centers, and power grid construction.
Gongjin Shares Says 800G Switch Revenue Has Limited Short-Term Impact as Stock Rises Again
Gongjin Shares said its stock rose by the daily limit again on August 17 after closing-price moves on August 13 and August 14 deviated by more than 20% cumulatively over two trading days. The company said market attention has recently increased around 800G high-speed data center switch concepts, but its 800G high-speed switch products are mainly sold to domestic brand-name customers and account for only a small share of operating revenue, so the short-term impact on its financial statements is limited, according to Jiemian News. The company urged investors to invest rationally, make prudent decisions and guard against investment risks.
CXMT-Related Address Seen Actively Trading to Lock in Profits as Price Weakens
A monitored address is suspected of making large-scale moves in CXMT-related positions. According to Odaily, the address previously built a position of about $20 million and is now using active trading to lock in profits as CXMT's price continues to weaken. The address has also placed spread limit orders above the market and opened two TWAP strategies to close the position.
Strategy Repurchases $132 Million of STRC and Adds $150 Million to Dollar Reserves
Strategy disclosed in its latest filing that it repurchased $132 million worth of STRC and increased its dollar reserves by $150 million. According to PANews, the company made the disclosure in a recent filing.
Freeport-McMoRan Rises On AI-Fueled Copper Squeeze, Chart Points To $87
Freeport-McMoRan (FCX) is emerging as the standout copper stock as an AI-fueled supply squeeze lifts prices and traders rotate into miners. The largest US copper miner trades near $66.50, and a bullish continuation pattern points toward $87, according to BeInCrypto, while Wall Street still rates it a Strong Buy. Copper hit an all-time high on COMEX on August 12, and the LME front-month spread widened to a $370-a-ton premium, the widest since 2021.
Alibaba Launches New AI Model And Opens Weights Of Qwen3.8 Max
According to CNBC, Alibaba launched a new AI model designed to run on consumer hardware such as laptops and released the weights of its most powerful model, Qwen3.8 Max, as it seeks to maintain its lead in open-source technology. The company said Qwen3.8-27B has strong capabilities in coding, professional work, research and long-horizon agentic tasks, and said it matches the performance of another model that is 10 times larger. Alibaba said the weights of Qwen3.8 Max can be freely downloaded and run, although the data and methods used to train it may not be disclosed. The move comes after Meta announced plans last week to open-source its most powerful AI model and launch new laptop-ready models. Hugging Face said last week that Qwen-based models now account for 151,448 derivatives, or downloads and uses of open-weight models, which it said is 2.6 times Meta's total footprint. Analysts said the competition in open-weight AI is increasingly centered on which company can offer the most capable models and on-device performance.
STOCKS | Chervon Holdings Posts Record First-Half Revenue And Profit
Chervon Holdings (2285) reported first-half revenue of $1.029 billion for the six months ended June, up 12.8% year on year, with net profit rising 11.6% to $106 million, according to Ming Pao. The company said both revenue and net profit hit record highs for a half-year period. Earnings per share were $0.21, and it declared an interim dividend of HK$0.3258 per share, compared with no dividend in the same period last year.
Indian Lenders Set Record $8 Billion Dollar Bond Sales
Indian financial institutions have sold a record $8 billion of dollar bonds so far this year, according to Bloomberg. Lenders are moving to use a central bank facility that lowers hedging costs on overseas borrowings.
UK PM Faces Climate Policy Test as North Sea Oil and Gas Approvals Near
British Prime Minister Keir Starmer is facing a key choice over fossil fuel policy and climate commitments. According to Sina Finance, his cabinet is expected to decide as soon as next month whether to approve the Rosebank oil field and the Jackdaw gas field in the North Sea. The two projects must reapply for development consent under a landmark UK Supreme Court ruling on fossil fuel emissions two years ago. Shell and Norway's Equinor are advancing the projects through their joint venture, Adura; their production licenses remain in place, but development consent is still required before work can begin. Public concern over climate change has intensified after record summer heat and frequent wildfires in Britain. The government issued a rare wildfire risk emergency alert for England and Wales last Friday. Senior officials said Energy Secretary Miatta Fahnbulleh is inclined to approve the projects, suggesting a more pragmatic approach to North Sea oil and gas than under the previous government. Starmer has pledged to honor Labour's 2024 election manifesto not to issue new North Sea oil exploration licenses, but the government has signaled a more practical stance toward existing licensed projects. A senior official said the government's position on North Sea issues is no longer "rigid" since former Energy Secretary Ed Miliband became foreign secretary. Supporters say domestic production has advantages over imports in meeting UK energy demand, reducing transport emissions, contributing tax revenue, and protecting jobs. Oil and gas still account for about 75% of Britain's primary energy demand. Opponents say international buyers will compete for the output and that most North Sea crude is exported to European refineries because of limited domestic refining capacity. Nearly 50 climate scientists have written to the energy secretary warning that continued reliance on fossil fuels will worsen extreme weather disasters and urging a shift toward renewable energy.
Media Executives See Cable Decline, More Bundling and AI-Driven Personalization by 2029
According to CNBC, media executives surveyed for its Future of TV project said cable TV subscribers are likely to keep falling, while streaming bundles, personalization, commerce features and AI-powered language tools become more common across the industry by 2029. Charter Communications CEO Chris Winfrey said cable is likely to decline sharply, Jeff Zucker said he does not expect a subscriber floor, and several executives pointed to broader use of bundling, global releases, ad personalization and native-language viewing. The survey also highlighted major industry shifts already underway, including Paramount Skydance's agreement to acquire Warner Bros. Discovery, Fox's planned $22 billion purchase of Roku, Comcast's plan to separate NBCUniversal in 2027, Charter's $34.5 billion merger with Cox Communications and NBCUniversal's partnership between Peacock and YouTube. Executives also said live sports should remain strong, while some expect more scrutiny of Big Tech's role in entertainment and continued growth for services such as Roku Channel, Tubi and Pluto.
Zambia Arrests 11 Over Alleged Insurrection Plot After Election Raid
According to the BBC, security forces in Zambia seized weapons and arrested 11 people, including senior opposition figures, over an alleged insurrection plot after last Thursday's presidential election. The government said opposition candidate Brian Mundubile was found at the scene of the raid in Lusaka, while top civil servant Patrick Kangwa said those detained were linked to military plans involving foreign nationals and illegal training camps. Kangwa said the suspects had high-grade military weapons, ammunition and other materials intended for an armed insurrection, and alleged that shots were fired at law enforcement officers before an exchange of fire. Mundubile called the raid an attempt on his life and said colleagues were shot in his presence. He had earlier claimed victory and alleged voting irregularities, while the authorities denied the claims. Zambia's electoral commission briefly suspended counting and announcing results on Friday, citing violence against polling staff and theft of marked ballot papers, before lifting the suspension later the same day.
Tudor Investment Raises IBIT Stake 18.9% and Cuts Bullish Options Position
Tudor Investment held 688,529 shares of BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), valued at about $22.9 million as of June 30. According to Odaily, the position was up 18.9% from the end of the first quarter, ending a year-long reduction trend. The firm also cut the number of shares tied to bullish options on IBIT from 998,000 to about 148,000, a decline of roughly 85%, while its put option position was largely unchanged. The 13F filing did not disclose the options' strike prices or expiration dates. Tudor Investment held more than 8 million IBIT shares at one point in late 2024 before continuing to trim the stake.
COCA Adds Cross-Chain Stablecoin Deposits Through Aurora Intents
COCA integrated Aurora Intents into its self-custodial banking app to let users deposit supported stablecoins from more than a dozen networks through reusable addresses, while cross-chain execution runs in the background. According to BeInCrypto, the update also brings $COCA trading into the app, allowing users to buy or sell the token with their existing USD balance. COCA now supports USDC on Ethereum, Arbitrum, Base, Solana, Polygon, Optimism, Avalanche, Sui and Stellar, and USDT on Ethereum, Tron, Solana, Polygon, Optimism, Avalanche and TON, among others.
Morgan Stanley: Low FX Volatility May Persist Until Early September
According to Jin10, Morgan Stanley analysts said low volatility in the G10 foreign exchange market is expected to continue through late August and early September. They added that data from now until the Federal Reserve meeting in September should align with expectations that the Fed will keep rates unchanged this year, which would prompt the market to gradually price out rate-hike expectations. They also said FX volatility is expected to face downward pressure because there is little long-term relationship between Fed policy pricing and FX volatility, and that Middle East risks may continue to be absorbed by the market before the U.S. midterm elections, while August has historically been a relatively calm period for markets.
Asian stocks mostly rose on Monday as investors assessed fresh data that tempered expectations for a US interest rate hike, while also pointing to weakness in the world's top economy, according to RTHK. In Hong Kong, the Hang Seng Index ended up 336 points, or 1.3 percent, at 25,453 on turnover of HK$210.77 billion. The tech index gained 74 points, or 1.6 percent, to 4,782, while the China enterprises index rose 99 points, or 1.2 percent, to 8,439. Hong Kong was lifted by Alibaba, Tencent and JD.com. On the mainland, the Shanghai Composite Index climbed 55 points, or 1.41 percent, to 3,982, while the Shenzhen Component Index added almost 350 points, or 2.44 percent, to 14,704 and the ChiNext Index rose 113 points, or 3.14 percent, to 3,740. Shares linked to semiconductors, agriculture and precious metals led gains, while liquor, gaming, film and television stocks were among the top decliners. In Tokyo, the Nikkei reversed earlier losses to close 506 points, or 0.74 percent, higher at 69,220, while the Topix slipped 13 points, or 0.31 percent, to 4,184. Traders now put the chance of a Fed hike at one in four, compared with 50:50 last week, according to Bloomberg.
E Fund Nasdaq ETF to Halt Trading on August 18, 2026
According to Jin10, E Fund Nasdaq ETF will suspend trading from the market open on August 18, 2026, resume trading at 10:30 on August 18, 2026, and continue to process redemption requests as usual during the suspension.
STOCKS | Goldman Sachs Prime Services Says Hedge Funds Bought Stocks at the Fastest Pace in Six Months
According to Wallstreetcn, Goldman Sachs Prime Services data showed hedge funds' net stock buying in the week through August 13 was the largest in six months, marking a third straight week of net buying and running 1.6 standard deviations above the past year's average flow.
STOCKS | Railroads Fight $200 Million Annual Train Theft With New Tech and Federal Help
Railroads are fighting back against thieves who steal about $200 million a year from America’s trains, according to Bloomberg. The response includes new technology, more help from federal authorities and a bill in Congress aimed at cracking down on the thefts.
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