TREE NEWS update: Anthropic has instructed its San Francisco employees to work from home due to a potential strike by security personnel. The move aims to ensure business continuity and employee safety during the labor action.
TREE NEWS reports: Bank of America reports that active long-only funds sold $44.4 billion worth of semiconductor stocks last month, reflecting a significant reduction in tech exposure. This move comes amid concerns over valuation and market volatility in the sector.
TREE NEWS update: Nvidia reports Q2 earnings on Aug 26, with options implying a 5.4% move (about $280B market cap). After 7 consecutive down days, Wall Street expects ~$92B revenue, but focus is on Q3 guidance and gross margin.
TREE NEWS update: Bitcoin’s price fell below the $80,000 mark, signaling a significant market downturn. The move reflects ongoing volatility in the crypto market, with traders closely watching support levels.
TREE NEWS reports: Bloomberg reports that the owner of OnlyFans received more than $700 million in dividends in the months before his death. The payout highlights the platform’s massive profitability.
TREE NEWS reports: Analysts report that new whales have realized a record $1.2 billion in profits as Bitcoin returns to their average cost basis. This marks a significant shift in market dynamics, with large holders taking profits after a period of accumulation.
TREE NEWS update: Leveraged products tied to Samsung Electronics and SK Hynix, South Korea’s top chipmakers, experienced nearly $1 billion in outflows this month. The exits reflect investor caution amid a global tech selloff and concerns over semiconductor demand.
TREE NEWS reports: ChangXin Memory (CXMT) has been selected as the core LPDDR6 memory partner for Xiaomi’s Xuanjie O3 chip, marking a significant advancement in domestic memory technology. This collaboration highlights China’s progress in high-bandwidth memory for AI applications, though it is not directly related to RWA or crypto sectors.
TREE NEWS reports: US media reports that the US is considering imposing an additional 7.5% tariff on Chinese goods. This move could escalate trade tensions between the two largest economies, potentially impacting global markets.
TREE NEWS update: A fire broke out at the Afipsky oil refinery in southern Russia following a drone attack. The incident highlights ongoing geopolitical tensions affecting energy infrastructure. No further details on damage or casualties were provided.
TREE NEWS reports: A research institution reports that AI infrastructure spending is surging, prompting cloud service providers to focus more on efficiency and financial discipline in the second half of the year. This shift reflects growing pressure to optimize costs amid rapid expansion.
TREE NEWS reports: Goldman Sachs reports that crypto trading volumes have declined for ten consecutive months, suggesting a potential inflection point may be approaching. The bank’s analysis indicates that despite the prolonged downturn, market conditions could be set for a reversal.
TREE NEWS update: South Korea’s KOSPI index rose 0.68% to close at 6,742.73 points on Tuesday, while Japan’s Nikkei 225 gained 0.50% to finish at 65,856.43 points. Both markets posted gains, reflecting positive sentiment in Asian equities.
TREE NEWS update: Micron highlights that the AI storage wall is intensifying, with HBM accounting for 17% of interruptions during Meta’s Llama 3 training. This underscores the growing demand for memory bandwidth in AI workloads, potentially impacting the crypto AI sector.
TREE NEWS reports: Brent crude oil (XBRUSD) has dropped to $92 per barrel, currently trading at $91.97, marking a 1.5% decline over the past 24 hours. The data comes from Gate.
TREE NEWS update: Options markets imply a potential $280 billion swing in Nvidia’s market value after its earnings report, lower than the expectation before May’s earnings. This reflects reduced volatility expectations for the AI chip giant.
TREE NEWS reports: Tesla has increased the prices of its Cybertruck models in the US market. The adjustment reflects ongoing cost changes and market conditions.
TREE NEWS update: Apple is reportedly preparing a new Mac mini, its first refresh in two years, which could be unveiled before the iPhone launch event in September. The update signals Apple’s continued investment in its Mac lineup amid broader product cycle changes.
TREE NEWS reports: Treasury Secretary Bessent announced the next bond repurchase operation on September 9, with buyback sizes for long-dated bonds at least doubled to $40B per operation. Reports suggest the Treasury may tap its nearly $1T TGA account to fund the expanded repurchases, though details remain undecided. The move aims to provide liquidity support to the long-end Treasury market, but market skepticism persists.
TREE NEWS update: Bitwise’s head of derivatives, Gordon Grant, argues on the Bits + Bips podcast that stress in the long-dated Treasury market is driving Bitcoin’s rise to $80,000, despite a co-host deeming government intervention unnecessary. The discussion highlights the macro link between bond market volatility and crypto’s appeal as an alternative asset.