South Korea Launches $3.5 Billion Chip Fund to Fast-Track Semiconductor Hubs
Seoul unveiled a 5 trillion won semiconductor fund and new trade finance package as part of a broader $576 billion push to build chip manufacturing megaprojects.
Crypto Whales Pile Into Bitcoin, Ethereum and XRP as Bear Market Nears ‘Final Stage’
CryptoQuant data shows large wallets accumulating BTC, ETH and XRP as Bitcoin trades near $65,000 and Ethereum holds around $1,900.
Bitcoin Holds Near $65K as Whales Accumulate and Intesa Sanpaolo Pivots to Staked Ethereum
Bitcoin traded near $64,935 and ether near $1,913 as CryptoQuant flags whale accumulation, while Intesa Sanpaolo slashed its Bitcoin ETF stake 93.7% and tripled staked Ethereum holdings.
S&P 500 Slips From Record as Oil Jumps 5% and Berkshire Beats Estimates
US stocks pulled back slightly from record highs as Brent crude rose 5% on Hormuz uncertainty, while Berkshire Hathaway, MarineMax, and Varex Imaging moved sharply on earnings and deal news.
Stock-Bond Correlation Flip Signals Markets Now Fear Supply Shocks, Not Demand
San Francisco Fed research finds the stock-bond correlation has flipped negative, indicating investors increasingly see oil prices and supply-side risks as the dominant threat to growth.
Bitcoin Tops $64,900 as Whale Data Suggests Crypto Bear Market Nears End
Bitcoin traded near $64,935 and Ethereum near $1,913 on August 10, while CryptoQuant data shows whale accumulation in BTC, ETH and XRP hinting the bear market’s final stage.
TSMC’s 45% Revenue Surge Lights Up the Chip Equipment Trade
TSMC’s July revenue jumped 44.7% and lifted capex guidance to $64 billion, fueling gains across chip equipment stocks while Broadcom outpaces Nvidia.
S&P 500’s 5.75% Surge Faces Make-or-Break Inflation Data This Week
US stocks hit record highs on a tech-led rally, up 13% for the year, but fresh inflation data could decide whether the Fed’s rate path stays friendly.
Grayscale Pulls SEC Filings for Cardano, Hedera and Polkadot ETFs
Grayscale withdrew its US registration statements for three altcoin ETFs on August 7, though the move doesn’t close the door on future crypto fund launches.
Iran Sets Hard Conditions for Reopening Strait of Hormuz as US Weighs Exit
Iran demands sanctions relief, frozen assets and a naval blockade end before reopening the Strait of Hormuz, while reports suggest Trump may drop nuclear deal demands to end the standoff.