Flash News

TREE NEWS update: US AI-related stocks continued to decline, with Nvidia falling 3% for a seventh straight session, while Alibaba’s HK$80 billion share placement to fund AI infrastructure triggered a 10% drop in its Hong Kong shares. The market is shifting from AI narrative-driven valuations to demanding cash flows and returns, and all eyes are on Fed Chair Warsh’s speech at Jackson Hole on Friday for policy direction.

TREE NEWS reports: Russian telecom operators and e-commerce platforms will begin accepting the digital ruble for payments starting in September. This marks a significant step in the rollout of Russia’s central bank digital currency (CBDC), expanding its use beyond pilot phases.

TREE NEWS update: SK Hynix’s official flagship store on a Chinese e-commerce platform is slated to cease operations, though the company’s China division states it is not directly operated by them. This move reflects adjustments in the company’s sales strategy in the Chinese market.

TREE NEWS reports: Hong Kong stocks opened higher on the day, with the Hang Seng Index rising 0.49%. The gain reflects positive market sentiment in the region.

TREE NEWS update: South Korea’s DRAM export prices soared 401% year-on-year in August, reflecting a severe global memory chip shortage. SK Hynix has warned that next year could be the most supply-constrained year for memory, driven by AI demand.

TREE NEWS reports: Chinese memory chip makers CXMT and YMTC are using Apple’s quality validation to expand sales to North American cloud service providers, signaling a strategic push into Western markets. This move could reshape the memory chip supply chain amid ongoing US-China tech tensions.

TREE NEWS update: Bloomberg analysts note that gold and Bitcoin ETFs have re-entered the top 10 asset inflows, suggesting investors are increasingly seeking protection against currency debasement. This trend highlights growing interest in alternative assets as hedges against inflationary pressures.

TREE NEWS reports: Elon Musk’s SpaceX announced a 10-year project in Vermilion Parish, Louisiana, to build a $100 billion spaceport with five launch complexes for Starship missions. The ambitious plan aims to support the company’s deep-space exploration goals.

TREE NEWS update: Institutional analysts predict the Bank of Japan will hasten monetary tightening, while recent joint FX intervention has had limited effect. This could influence global markets and crypto sentiment.

TREE NEWS update: Barclays has warned that the rapid expansion of AI infrastructure could expose related trades to political risks, potentially impacting market sentiment. The warning highlights growing concerns over regulatory and geopolitical factors affecting AI investments.

TREE NEWS reports: Bitcoin surged 22% in seven days, nearing $80,000, amid reports that Treasury Secretary Scott Bessent could inject $1 trillion in liquidity. The move is attributed to expectations of government spending that may boost risk assets.

TREE NEWS update: CryptoQuant analysts claim Bitcoin has emerged from its bear market and entered the early stages of a bull market. This shift is based on on-chain metrics and market indicators. The analysis suggests a positive outlook for the cryptocurrency’s price trajectory.

TREE NEWS update: Analysts suggest Bitcoin may be exiting its bear market, citing historical patterns that align with previous bull market entries. The post, authored by Mathew Di Salvo, highlights cyclical behavior as a positive indicator for the cryptocurrency.

TREE NEWS update: Fairlead Strategies, a technical analysis firm, reports that Bitcoin is no longer oversold and is poised for a potential breakout. The analysis suggests that the recent correction has run its course, and bullish momentum could resume. This comes as Bitcoin trades in a tight range, with traders eyeing key resistance levels.

TREE NEWS reports: A statement by Gary Baba Di asserts that warships are prohibited from passing through the Strait of Hormuz, a critical maritime chokepoint. The declaration could have significant geopolitical and economic implications for global oil shipments and regional security.

TREE NEWS reports: Fairlead Strategies’ Katie Stockton suggests Bitcoin may be poised for a breakout as it has cleared its 200-day moving average and is no longer oversold. Speaking on CNBC, she noted the asset’s recent rally, indicating potential upward momentum.

TREE NEWS update: Russian media, citing sources, report that the US and Iran have reached an agreement on the terms of a ceasefire. This development could significantly impact global markets and geopolitical stability.

TREE NEWS update: US stocks closed higher with all three major indices gaining, as Nvidia rose 2%. The positive performance reflects overall market optimism.

TREE NEWS reports: Mistral AI has announced a strategic partnership with HUMAIN, a subsidiary of Saudi Arabia’s Public Investment Fund, to develop sovereign AI infrastructure. This collaboration aims to enhance AI capabilities within the region, focusing on building robust and independent AI systems.

TREE NEWS update: Mistral and HUMAIN announced plans to develop sovereign AI infrastructure in Saudi Arabia and the region, in a deal valued in the hundreds of millions of euros. This deepens Gulf investment into European AI, highlighting the growing trend of nation-state AI partnerships.