Captain

Asseto Finance announced that it has deployed its PGNGI+ product on the Pharos chain, marking a significant milestone by integrating on-chain exposure to global private infrastructure investments within Pharos' RealFi ecosystem for the first time. The deployment allows users and investors to query and interact with the product directly on the blockchain.
According to Odaily, the PGNGI+ product is linked to rights associated with Partners Group's Next Generation Infrastructure fund, providing a new avenue for on-chain exposure to private infrastructure assets. This move aims to enhance transparency and accessibility for investors seeking to participate in global infrastructure projects through the decentralized ecosystem.
Asseto Finance stated that the product is now available for queries and interactions, enabling stakeholders to engage with the underlying assets in real time. This development is expected to facilitate better on-chain management and investment tracking for infrastructure-related assets within the RealFi space.
The deployment of PGNGI+ on Pharos Chain underscores Asseto Finance’s commitment to expanding its on-chain offerings and integrating traditional assets into blockchain ecosystems. It also reflects a broader trend of bringing private market assets onto decentralized platforms to increase liquidity, transparency, and investor access. #DeFi #Infrastructure #RealFi

Bloomberg, citing sources, reported that Roadget Business, the parent company of SHEIN formerly known as Zoetop Business, is now seeking to list in Hong Kong with a valuation of approximately $26 billion to $27 billion. This marks a significant reduction from its previous peak valuation, reflecting a more cautious approach as the company prepares for its debut.
The company is aiming for the lower end of this valuation range as it moves forward with plans for a Hong Kong listing, according to Ming Pao. The decision to pursue a valuation below its peak suggests a strategic move to align market expectations with current investor sentiment and market conditions.
This potential listing highlights SHEIN's ongoing efforts to strengthen its financial position and expand its capital base through public markets. Despite the decline from its earlier high, the valuation still positions the company among the more valuable private e-commerce platforms globally.
The move also underscores the broader trend of private companies adjusting their valuation expectations amid changing market dynamics, investor caution, and economic uncertainties. The Hong Kong listing could serve as a pivotal step for SHEIN to further establish its presence and growth in the international fashion e-commerce sector. #SHEIN #HongKongListing #Ecommerce

Macquarie highlighted in a recent report that the impact of the joint U.S.-Japan intervention on the yen was significantly larger than the actual funds spent. According to Gareth Berry, head of FX and rates strategy at Macquarie, the demonstration effect of the intervention was far more influential than the size of the intervention funds themselves.
Berry noted that U.S. authorities likely sold only about $500 million worth of euro-yen on Friday, July 31. This amount is considered small compared to Japan’s estimated sale of yen during the same period, emphasizing that the primary effect of the intervention was psychological and perceptual rather than purely financial.
The report suggests that the intervention’s main purpose was to signal a united front and to influence market sentiment, which in turn led to a significant impact on the yen’s value. The small size of the actual intervention funds underlines how powerful market perception and coordinated action can be in currency markets.
This analysis indicates that central bank and government interventions often work more through signaling and demonstration rather than large-scale asset sales. The implications are that market participants pay close attention to these signals, which can have outsized effects on currency dynamics despite modest financial outlays. #Forex #Yen #Intervention

According to Nikkei, Google is planning to cease production of its Pixel smartphones in China by 2027. The move marks a significant shift in Google's manufacturing strategy for its flagship device line, reflecting broader industry trends and geopolitical considerations.
The decision is part of Google's broader effort to streamline operations and focus on other regions for manufacturing, supply chain resilience, and market expansion. The company has not officially announced detailed plans but is expected to gradually phase out Pixel production at its Chinese facilities over the next few years.
This development underscores the ongoing challenges and changing landscape of electronics manufacturing in China, where companies are reassessing their supply chains amid geopolitical tensions, rising costs, and shifting global trade policies. Google's decision could influence other tech firms to re-evaluate their manufacturing footprints in the region.
As the industry adapts to these geopolitical and economic shifts, companies are increasingly exploring alternative manufacturing hubs outside China to diversify risk and optimize logistics. The move to end Pixel production in China by 2027 signals a strategic realignment for Google in its hardware operations. #Google #Pixel #ManufacturingShift

According to Yonhap, South Korea's Ministry of Science and ICT announced that KT Corp., SK Telecom Co., and AI startup Upstage have advanced to the next stage of the government-backed "AI for All" project. The project aims to develop artificial intelligence technologies that can be widely accessible and beneficial across various sectors in South Korea.
The ministry explained that the evaluation process for the project involved a combination of benchmark tests, reviews by experts, and feedback from users. As a result, KT, SK Telecom, and Upstage demonstrated strong capabilities and promising progress, qualifying them to proceed further in the development program.
Meanwhile, Motif Technologies was eliminated after the second-round evaluation, which assessed its performance and potential contributions to the project. The government’s selection process emphasizes technological excellence and practical applicability, supporting innovative companies that can help build an integrated AI ecosystem for the nation.
This advancement marks a significant step in South Korea’s efforts to promote AI development and deployment, fostering a competitive environment for local tech firms to lead in the global AI landscape. The project is part of broader initiatives to position South Korea as a leader in artificial intelligence technology. #AI #SouthKorea #TechInnovation

SecondFi, a wallet service provider for Cardano, announced that its wallet migration tool will be launching soon, with the asset recovery tool expected to be available in September. The company emphasized that these tools are designed to help users transfer and recover assets securely during wallet upgrades or migrations.
The firm warned users to be cautious, as they anticipate a significant increase in scam activity related to these processes. SecondFi explicitly stated that it will not contact users through direct messages on any platform, nor will it ask for transfer fees or taxes, or require additional information for asset recovery.
This advisory aims to protect users from potential scams that could exploit the upcoming migration and recovery phases. SecondFi urged users to remain vigilant and only follow official communications and instructions from trusted sources.
As the rollout approaches, the company is working to ensure a smooth transition for its users while reinforcing the importance of security and awareness during this period. Users are encouraged to stay updated through official channels for any further guidance on the tools’ deployment. #Cardano #WalletMigration #SecurityAlert

According to Jin10, BofA Securities has increased its target price for Zijin Gold International (02259.HK) to HK$150 from HK$140, maintaining a Buy rating. The upgrade follows the company's strong first-half financial results, which reported a net profit of HK$1.45 billion, slightly above the profit warning of around HK$1.4 billion issued earlier.
In addition to the profit beat, Zijin Gold International declared an interim dividend for the first time, signaling confidence in its ongoing financial stability and cash flow. The company's improved performance has prompted analysts to become more optimistic about its full-year prospects.
Based on its year-to-date stock performance, BofA Securities has also raised its full-year net profit estimates for Zijin Gold International, reflecting a more favorable outlook for the company's earnings and valuation. The firm’s positive stance is underpinned by the company's operational resilience and recent financial disclosures.
This revision highlights the market’s increased confidence in Zijin Gold International, as it demonstrates solid profitability and shareholder returns amidst a challenging mining environment. Investors are watching closely as the company continues to deliver on its growth ambitions. #MiningStocks #GoldMining #ZijinGold

According to Jin10, the Hong Kong-listed leaders in the AI model sector experienced significant declines, with Zhipu (02513.HK) dropping more than 10% and MINIMAX-W (00100.HK) falling more than 8%. The sharp downturn reflects a broader shift in investor sentiment towards the AI industry in the region.
The drop in stock prices suggests increased caution among investors, possibly driven by recent market developments or company-specific concerns. Zhipu, one of the prominent players, saw its valuation diminish sharply, indicating a loss of confidence or a reassessment of its growth prospects.
Similarly, MINIMAX-W experienced a notable decline, reinforcing the trend of reduced enthusiasm for Hong Kong-listed AI companies at this time. The declines underscore the volatility and heightened scrutiny in the sector, where investor sentiment can shift rapidly based on news, earnings, or macroeconomic factors.
Overall, the recent performance of these AI model leaders highlights the ongoing challenges facing the industry in Hong Kong, as market participants remain cautious amid a dynamic and sometimes unpredictable environment. #HongKongStocks #AI #MarketVolatility

The House Ethics Committee announced it is investigating Representative Jimmy Gomez, D-Calif., over allegations of sexual misconduct. The committee disclosed on Monday that it is examining claims related to Gomez, including accusations of inappropriate sexual contact with a House staffer.
Gomez responded to the investigation by stating that the conduct in question was consensual and did not violate any laws or House Ethics rules. He also expressed his intention to fully cooperate with the ongoing probe, emphasizing his willingness to address the allegations transparently.
The House Ethics Committee has not provided further details about the investigation or the specific nature of the allegations, citing confidentiality protocols. The controversy is currently under review, and Gomez’s office has not issued additional comments beyond his statement on cooperation.
This development adds to ongoing discussions about conduct and accountability within Congress, but at this stage, no formal findings or conclusions have been announced. The investigation remains active as authorities look into the circumstances surrounding the allegations. #HouseEthics #Congress #Accountability

The British Film Commission has expressed strong support for Amazon MGM Studios’ plans to expand Bray Film Studios in Water Oakley, near Windsor, describing the project as a “considerable boost” for the UK’s filmmaking industry. The commission’s backing comes amid ongoing efforts to enhance the country’s production infrastructure and attract more high-profile projects.
Amazon MGM’s proposal includes the development of a multi-storey facility at the Berkshire site, which was previously used by Hammer Films. The company acquired the property in 2024 after the previous owner secured planning permission for expansion in 2022. The new plans aim to create a state-of-the-art hub capable of supporting large-scale film and television productions.
The site’s history and strategic location make it an attractive site for film production, and the studio expansion is expected to bring significant economic benefits to the region. The British Film Commission’s support emphasizes the importance of expanding domestic production capabilities to remain competitive in the global entertainment industry.
This move aligns with broader efforts to boost UK film and TV production, leveraging local talent and infrastructure to attract international projects. Amazon MGM’s investment in Bray Film Studios is seen as a positive step toward strengthening the UK’s position as a key global filmmaking hub. #FilmProduction #UKCinema #AmazonMGM

Centrifuge announced the release of governance proposal CP172 on August 18, which aims to explore converting CFG tokens into company equity. The proposal outlines a potential shift in the company's structure as it moves toward focusing on institutional infrastructure development.
According to ChainCatcher, the proposal states that the current token structure has become a constraint on expanding partnerships and raising capital. The company believes that converting CFG tokens into shares would better align with its long-term strategic goals and facilitate broader institutional engagement.
Under the proposed plan, each CFG token would be exchangeable for one share of Centrifuge Inc., effectively transforming the token into company equity. This approach is designed to provide existing token holders with a direct stake in the company's ownership while potentially unlocking new opportunities for growth and investment.
The move signals a significant transition for Centrifuge, highlighting its focus on evolving its business model to better serve institutional clients and support its infrastructure goals. The community and stakeholders are invited to participate in the governance process to weigh in on this potential reorganization. #Centrifuge #Governance #TokenToEquity

According to Yonhap, container shipping costs from South Korea to the Middle East have continued to rise in July, reflecting ongoing geopolitical tensions in the region. The Korea Customs Service reported that the average cost for a 40-foot container to the Middle East increased by 14.5% from the previous month, reaching 8.78 million won, which is approximately $6,217 in June.
This increase marks a sustained trend since March, as shipping rates have been driven higher by disruptions and uncertainties related to regional conflicts and logistical challenges. The rise in costs underscores the ongoing strain on global supply chains, particularly for trade routes affected by geopolitical instability.
Shipping costs for containers bound for the United States and the European Union have also seen upward movement, although specific figures were not detailed in the summary. The persistent increases across multiple regions highlight the broader impact of geopolitical tensions on international trade and logistics, complicating the planning and budgeting processes for companies relying on maritime freight.
Overall, the continued escalation in container shipping costs from South Korea indicates ongoing supply chain pressures that could influence global trade dynamics and inflationary trends in the coming months. #ShippingCosts #Logistics #GlobalTrade

The Monad Foundation announced the successful completion of a $60 million liquidity program aimed at early MON investors. The program was designed to offer early backers an opportunity to purchase discounted MON tokens that are subject to a four-year lockup period. This initiative was intended to provide a structured exit channel for investors with liquidity needs or those whose investment goals have shifted over time.
According to Odaily, the liquidity program had a cap of $60 million in total purchases, allowing early investors to acquire tokens at discounted rates while committing to a long-term lockup. The program’s structure was formulated to balance the interests of supporting the project’s long-term development and accommodating investors seeking liquidity options.
The completion of this program reflects the Monad Foundation’s focus on maintaining alignment between early investors and the project's ongoing growth. The foundation emphasized that the liquidity program was implemented to facilitate an orderly exit process for investors, without disrupting the project’s ecosystem or development roadmap.
This move underscores the importance of structured liquidity mechanisms in the evolving crypto space, especially for projects with early-stage investors looking for a balanced approach to liquidity and long-term commitment. The foundation’s successful execution of the program highlights its commitment to investor relations and sustainable project growth. #LiquidityProgram #EarlyInvestors #CryptoFunding

Rish Mukherji, co-founder of Neynar, announced that the team has begun a search for new ownership or operational teams for its projects Farcaster, Clanker, and Neynar itself. The company is currently in discussions with several teams that are believed to have the expertise to operate decentralized social applications and associated developer products.
Mukherji explained that recent developments and internal changes over the past few months have made it clear that the current Neynar team is no longer the best fit to lead these projects moving forward. As a result, the company is actively exploring options to transition control to new teams better suited to continue development and growth.
The ongoing talks involve multiple groups that have experience in managing decentralized platforms and building social app ecosystems. Neynar aims to ensure a smooth transition that preserves the integrity and vision of its products while leveraging the strengths of new operators who can better navigate the evolving landscape.
This move reflects Neynar’s strategic decision to realign its leadership structure in light of recent challenges and changes. The company emphasizes its commitment to supporting the projects’ success through a careful selection process for future operators, aiming to maximize the potential of Farcaster, Clanker, and Neynar’s offerings. #DecentralizedApps #SocialPlatforms #TechLeadership

VistaShares Target 15 Berkshire Select Income ETF, with ticker OMAH, has recently outperformed Berkshire Hathaway, according to Bloomberg. This performance comes amid growing interest in alternative investment strategies that seek to deliver strong returns outside traditional benchmarks.
Adam Patti, the chief executive officer of VistaShares, discussed the fund's impressive performance during an interview on Bloomberg’s "ETF IQ" with Scarlet Fu and James Seyffart. He highlighted how OMAH has managed to outperform Berkshire Hathaway, which is widely regarded as a benchmark for value investing and a symbol of long-term corporate success.
The outperformance may reflect VistaShares’ active management approach and specific investment strategies aimed at capturing income and growth opportunities that Berkshire Hathaway’s holdings might not fully address. This development underscores the increasing competitiveness of actively managed ETFs within the broader investment landscape.
As investors continue to seek diversified sources of income and growth, the success of funds like OMAH demonstrates the evolving dynamics in ETF investing, where newer strategies can sometimes surpass established giants like Berkshire Hathaway. The fund’s performance will likely draw attention from institutional and retail investors alike, eager to explore alternative avenues for portfolio growth. #ETFs #Investing #Berkshire

Mexico is currently considering new regulations aimed at controlling the use of social media platforms among children and adolescents, according to Bloomberg. The government-led discussions are focused on addressing concerns about the potential harmful effects of platforms such as Instagram and TikTok on young users.
These efforts follow a trend seen in other countries like Australia and Brazil, which have also taken steps to regulate social media use by minors. Mexico’s policymakers are examining ways to implement safeguards that could limit exposure to harmful content, reduce screen time, and promote safer online environments for young people.
The discussions highlight the growing awareness of the impact social media can have on mental health and development among children and teens. Authorities are exploring measures that could include age restrictions, content moderation, and parental control features to better protect vulnerable users.
As these regulatory conversations continue, stakeholders across the tech and education sectors are closely watching for potential legislative or policy changes. Mexico’s approach could set a precedent for other nations seeking to balance digital innovation with the safety of their youth. #SocialMedia #ChildProtection #Mexico

On Monday, August 17, U.S. equity ETFs experienced declines across various sectors, with notable losses in real estate and long-term Treasury funds. Specifically, U.S. real estate ETFs fell by 0.88%, and ETFs tracking 20+ year Treasury bonds declined by 0.84%, reflecting cautious investor sentiment amid ongoing macroeconomic concerns.
Major stock market indices also saw decreases, with Dow Jones Industrial Average ETFs, S&P 500 ETFs, U.S. investment-grade corporate bond ETFs, and Russell 2000 Index ETFs all dropping as much as 0.49%. Meanwhile, Nasdaq 100 ETFs declined slightly by 0.16%, indicating a broad-based retreat among equities. Additionally, ETFs focused on yen longs, Barclays U.S. convertible bonds, and long U.S. dollar index ETFs experienced declines, with some falling as much as.
In contrast, commodities like gold and Brent oil funds rose, signaling a shift toward safe-haven assets amid the equity sell-off. Gold and Brent oil often act as hedges during periods of market volatility, and their gains suggest investors are seeking stability in the current environment.
Overall, the market movements on this day highlight a cautious tone among investors, with a preference for assets perceived as safer amid uncertainties affecting both equities and fixed-income securities. The divergence between equities and commodities underscores ongoing concerns about economic growth, inflation, and geopolitical risks. #Markets #ETFs #Gold #Oil

Riverside Military Academy, an all-boys boarding and day school located in Gainesville, Georgia, has entered into a forbearance agreement following a default on its debt obligations, according to Bloomberg. The specific terms of the agreement have not been disclosed in the market reports, leaving details about the restructuring or repayment plans unclear.
The move to seek forbearance indicates that the school is facing financial difficulties but is attempting to avoid immediate default or foreclosure by negotiating with its creditors. Forbearance agreements typically allow borrowers to temporarily pause or reduce payments while working out a more sustainable repayment strategy.
The school’s financial situation comes amid broader concerns about the financial health of educational institutions, especially private and boarding schools, which can be vulnerable to economic shifts and demographic changes. Defaulting on debt can impact the institution’s operations and future viability if not managed effectively.
While the market has not revealed additional specifics about the agreement, the development underscores the challenges faced by some private schools in maintaining financial stability in a competitive and often unpredictable economic environment. The outcome of this forbearance will be closely watched, as it may influence the school’s future financial stability and strategic decisions. #Education #FinancialStability #Georgia

The Bloomberg Electric Vehicle Price Return Index increased by 1.11% on Monday, reaching a level of 3,543.16. Since 10:00 (UTC+8), the index has remained above 3,530, indicating sustained positive momentum in the electric vehicle market.
Throughout the trading day, the index experienced a steady upward movement, with its intraday high hitting 3,554.81 at 18:30. This rise reflects growing investor confidence and optimism surrounding the electric vehicle sector, possibly driven by positive industry developments, earnings reports, or broader market trends.
The index's performance suggests that the electric vehicle sector continues to outperform other segments, capturing investor interest with its growth prospects and technological advancements. The sustained movement above key support levels indicates strong market support and potential for further gains.
Overall, the Bloomberg Electric Vehicle Price Return Index's recent rise signals ongoing enthusiasm and confidence in the electric vehicle industry, which remains a focal point for investors looking for growth opportunities in the automotive and clean energy sectors. #EV #ElectricVehicles #MarketUpdate

Anthropic PBC is reportedly on track to achieve an annualized revenue exceeding $65 billion, according to sources familiar with the matter, as reported by Bloomberg. This figure indicates a significant growth trajectory, reflecting a revenue rate that is more than seven times higher than its pace at the end of last year.
The rapid increase in revenue highlights Anthropic's expanding influence and market presence in the artificial intelligence sector. The company, which has been positioning itself as a key player in AI development, appears to be scaling its operations and monetization strategies swiftly, attracting considerable investor and industry interest ahead of its planned IPO.
This impressive revenue run rate underscores the rising valuation and confidence in Anthropic’s business model and technological advancements. As the company continues to grow, it is likely to play an increasingly prominent role in shaping AI innovation and deployment across various industries.
The financial trajectory of Anthropic suggests that it is poised for a major public offering, potentially becoming one of the most valuable AI companies when it eventually goes public. The scale of its revenue projections signals strong market demand and a broader shift toward AI-driven solutions in the global economy. #AI #Anthropic #TechNews