News linked to this event type.
Bridgewater founder Ray Dalio warned on Friday that the U.S. annual budget deficit is as high as $2 trillion, with approximately $10 trillion in debt urgently requiring refinancing. Without a change in course, a debt crisis could arrive "in three years, plus or minus two years." In terms of asset allocation, Dalio recommends that investors: • Reduce bond holdings to mitigate debt risks • Increase gold positions, raising the allocation to 10%–15% of the portfolio • Hold a small amount of Bitcoin to hedge against government credit risk Dalio also urged the United States to cut its budget deficit from the current level of approximately 6% of GDP down to 3%, through measures including spending reductions, tax hikes, and lower interest rates. Following these comments, gold prices rose on Friday to their highest level since May, while Bitcoin surpassed $77,000, marking its largest weekly gain since 2023.
As reported by CryptoBriefing, Texas-based bitcoin mining infrastructure company Bitari Inc. filed an S-1 registration statement with the SEC on August 21, 2026, proposing to issue 4.2857 million common shares on Nasdaq (ticker: BIAI) at $7 per share, aiming to raise approximately $30 million in gross proceeds and around $27 million in net proceeds after deducting fees. Regarding the use of proceeds, 40% will be allocated to acquisitions, 30% to expansion and brand building, 15% to new infrastructure construction, 10% to research and development, and 5% to general corporate purposes. Currently, Bitari operates a 20MW mining facility in Wheeler, Texas, and is developing two additional 20MW facilities in Dumas, Texas, and Marion, Indiana. Following the IPO, AI Power X Inc. will hold approximately 85.87% of the voting power, leaving public shareholders with limited governance rights.
: Galaxy's Head of Research posted on X, stating that on August 18, the U.S. Securities and Exchange Commission proposed the "Regulation Crypto Assets," abbreviated as Reg Crypto. The proposal aims to establish a legal pathway for certain tokens to be offered to the U.S. public and to set up a mechanism for terminating investment contracts. Its applicability is limited to crypto assets that are not themselves securities but were previously issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements bundling tokens with equity or other securities are not covered by the framework.The proposal sets out four stages: offering, disclosure, build-out, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher-threshold exemption modeled on Regulation A permits raising $20 million or $75 million within 12 months. Such offerings must pass SEC qualification review and involve ongoing disclosure, with non-accredited investors capped at 10% of the higher of their annual income or net worth. Issuers are also required to disclose token supply and unlock schedules, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.Once an issuer completes or permanently ceases the relevant build-out obligations, makes no new construction commitments, and submits a transition report, the related investment contract will be deemed terminated, and the crypto asset will no longer be subject to securities laws under that investment contract. Issuers that did not use the above offering exemptions may also use this safe harbor. The SEC estimates that approximately 475 issuers per year would use the investment contract safe harbor, and about 130 issuers would use the two new exemptions. Offerings that qualify would not be considered restricted securities and could be resold immediately without contractual restrictions.The proposal also excludes covered initial offerings and certain secondary transactions from state registration and qualification requirements, but it does not address exchanges, brokers, dealers, or custody, nor is it a standalone innovative exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda all issued statements of support. The article was written by Alex Thorn.
Odaily News JPMorgan has warned that despite global major stock indices remaining in an uptrend, markets could face a pullback risk from late summer into early autumn. The bank noted that the internal structure of the U.S. stock market has been deteriorating recently, with capital rotating into defensive assets and investor confidence in artificial intelligence (AI)-related stocks weakening. JPMorgan strategist Jason Hunter pointed out that the current AI trading frenzy bears similarities to the tech stock bubble of 1999–2000, and that overheated positioning in the tech sector could heighten the risk of a correction.In addition, persistently rising U.S. Treasury yields, geopolitical tensions in the Middle East, and a slowdown in consumer spending were also cited by JPMorgan as potential sources of market pressure.JPMorgan believes that the current AI investment cycle still holds long-term growth potential, but in the near term, market valuations, crowded positioning, and investor expectations could expose tech stocks to greater volatility risk.
Odaily News: Bitcoin treasury company BSTR Holdings has announced an agreement with Cantor Equity Partners to terminate the business combination agreement signed on July 16, 2025. The termination is attributed to the continued valuation pressure on Bitcoin and listed Bitcoin treasury companies in the current market environment, which has led to a mismatch in the capital markets, limiting the amplifying effect of financing tools such as convertible bonds and perpetual preferred stock in Bitcoin treasury strategies. BSTR stated that it will continue to advance its institutional-grade Bitcoin asset management business once market conditions stabilize. (Businesswire)
Odaily News: Digital asset treasury company Strategy reported a net loss of $8.2 billion in Q2, mainly driven by an $8.3 billion unrealized loss on digital assets. Its software business generated $122 million in revenue for the quarter. The company's financial report adopts the fair value measurement model.Between August 3 and 9, Strategy sold 1,690 bitcoins, cashing out approximately $109 million and repurchasing STRC preferred shares. In the following week, the company did not sell any bitcoin but instead raised $334 million through common stock issuance, of which $52 million was used for preferred stock dividends, $132 million for buybacks, and $149 million went into its dollar reserves.Digital asset treasury company Twenty One Capital disclosed that as of June 30, each Class A share corresponded to 12,547 satoshis, down from 12,557 at the end of 2025. The company holds 43,514 bitcoins, valued at approximately $2.8 billion, with an equity market capitalization of about $1.6 billion, corresponding to roughly 0.57 times its bitcoin holdings valuation.Of the bitcoins held by Twenty One Capital, 16,116 are staked as collateral for $485 million in convertible bonds, corresponding to approximately $106 million in cash. Strategy's dollar reserves reached $4.8 billion as of August 16, which management says can cover approximately 2.7 years of debt and dividend expenses. (Forbes Digital Assets)
Odaily News UBS has raised its S&P 500 index target, projecting a target of 8,100 points by December 2026 and further increasing to 8,400 points by June 2027, citing strong corporate earnings growth and sustained economic resilience.UBS expects S&P 500 companies' earnings per share (EPS) to reach $350 in 2026 and $400 in 2027, driven primarily by performance in the technology, semiconductor, and energy sectors.The bank continues to hold a positive outlook on U.S. economic resilience, the Federal Reserve's patient policy stance, and the accelerating adoption of artificial intelligence, believing there is still room for the current bull market to extend.However, UBS also flagged potential risks, including rising oil prices, resurgent inflation, and AI investment returns falling short of expectations, which could weigh on market valuations and upward momentum.
Odaily News: Injective, a Layer 1 blockchain, has had its institutional services division register as a securities transfer agent with the U.S. Securities and Exchange Commission (SEC). Injective states that this marks the first time a Layer 1 blockchain has obtained this type of registration, enabling regulated ownership records, transfers, distributions, and shareholder management services for securities.The registration covers four types of tokenized assets already launched—institutional funds, publicly listed company stocks, private company shares, and corporate accounts receivable—and allows related processes to utilize distributed ledger infrastructure while remaining compliant with U.S. securities regulatory rules.Injective has launched markets tied to digital asset treasury companies, publicly listed stocks, and shares of private companies such as SpaceX and OpenAI, and has introduced its tokenized asset issuance platform, Injective Mint Alpha.In July, South Korea's largest trading firm, POSCO International, and LG CNS, a technology company under the LG Group, selected Injective for a trade finance pilot. The plan involves tokenizing accounts receivable arising from international trade and completing their transfer, management, and settlement. (Bitcoin.com News)
Qianhe Yibang, a 3D computing-in-memory chip company, announced that its self-developed world's first 4-layer 3D DRAM-stacked computing-in-memory chip has been successfully fabricated and powered on, marking the technology's transition from validation to engineering implementation. The chip employs a three-dimensional integrated native computing architecture, delivering a data memory access bandwidth that is an order of magnitude greater than conventional approaches. Memory access power consumption, latency, and per-processing costs are all reduced by an order of magnitude. Founded in January 2024 and incubated by NetEase, Qianhe Yibang recently closed a Series B funding round exceeding 2 billion yuan.
Odaily News: According to the latest data from Bitget, as of August 20, the cumulative number of TradFi futures trades on the platform in August has exceeded 150 million, with a peak of 13.64 million trades in a single day. As demand for trading traditional financial assets such as U.S. stocks, forex, precious metals, and commodities continues to rise, trading activity on Bitget's TradFi segment has further increased.
According to Chaoxiang Research, a Morgan Chase report dated August 19 noted that the individualized neoantigen therapy (INT) co-developed by Moderna and Merck met its primary endpoint of recurrence-free survival in the Phase III adjuvant melanoma trial, with the key secondary endpoint of distant metastasis-free survival also being achieved. JPMorgan previously assigned an 85% probability of success to this trial, viewing the results as in line with expectations and already factored into the stock price prior to the announcement. Moderna’s shares rose in pre-market trading, yet JPMorgan maintained an Underweight rating and a $40 price target, representing a 36% downside from the current $63. JPMorgan noted that the adjuvant melanoma indication contributes only approximately 3% to valuation, and INT data in non-melanoma indications remains the key variable driving valuation. The current valuation model already incorporates roughly $15 per share for the potential value of other indications. The price target is based on a discounted cash flow (DCF) model using a 10.5% weighted average cost of capital (WACC) and a 0% terminal growth rate.
According to TechFlow research, Morgan Stanley's August 20 report noted that the U.S. Treasury will increase the size of its liquidity-supporting repo operations for the 10-to-20-year and 20-to-30-year tenors from $2 billion per transaction to at least $4 billion, effective September 9. This marks the first adjustment to the repurchase volume outside of the quarterly refinancing window since the repo program launched in May 2024. The two tenors combined add $1.6 billion in notional amount, corresponding to approximately $19.3 million in DV01 (price change per one-basis-point move in rates), with a risk impact roughly double that of the November 2023 "supply surprise." Morgan Stanley stated that the Treasury's decision to expand repurchases ahead of schedule outside the quarterly refinancing window aims to signal close monitoring of long-end interest rate dynamics to the market, thereby buying time for the November refinancing window. The recent rise in the 10-year Treasury yield and curve steepening primarily reflect the market's repricing of energy prices and central bank policy trajectories, rather than concerns over deficits or supply. Morgan Stanley maintains its recommendation for a 7-year versus 30-year Treasury curve steepening trade, targeting a spread of 100 basis points (currently around 71 basis points). On the FX front, coordinated volatility in gold and the Swiss franc hit an annual peak on August 19; should the U.S. dollar policy narrative reassert itself, EUR/USD is likely to approach 1.2150.
According to Forbes, Anthropic, Blackstone, and Goldman Sachs have jointly launched an AI-native enterprise services company named "Ode," backed by a $1.5 billion investment. Positioned as an AI implementation consulting firm, Ode's core offerings include identifying business processes suitable for AI transformation, deploying AI engineers, developing custom applications and AI agents, automating task workflows, and assisting enterprises with regulatory compliance issues. The company will prioritize driving the deployment of Anthropic's Claude models across its client base.
According to a Grayscale research report, as AI-driven financial monitoring capabilities continue to expand, the demand for financial privacy is experiencing a third wave of renewed interest, potentially benefiting Zcash (ZEC). The report notes that Zcash’s zero-knowledge proof-based shielded transaction technology conceals the sender, recipient, and transaction amount, establishing a differentiated positioning compared to Bitcoin’s transparent on-chain records. Current on-chain data shows that shielded transactions now account for approximately 90% of Zcash’s total network transaction volume, while shielded supply has reached around 4.2 million ZEC, representing 25% of the circulating supply, with both figures hitting all-time highs. In terms of valuation, ZEC holds a market capitalization of approximately $8 billion, accounting for only 0.6% of the total market cap within Grayscale's "Cryptocurrency Monetary Sector". If its market share increases to 5%, the theoretical valuation space would be roughly nine times the current level. The report also cautions that Zcash faces multiple risks, including regulatory compliance, legacy issues from historical trusted setups, quantum computing threats, and protocol upgrade execution challenges, requiring investors to conduct prudent assessments.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.
CZ posted on X, stating that tokenization is one of the best methods for countries to "raise capital" or attract foreign direct investment (FDI), and allowing global investors to purchase tokenized stocks presents strong appeal to both nations and businesses. He voiced support for advancing tokenization across all blockchains. While this may result in "liquidity fragmentation," collaborative efforts from various participants remain the fastest path to accelerating industry growth, and high interoperability among different issuers will help alleviate the fragmentation challenge.
Odaily News, according to sources familiar with the matter, Anthropic expects its IPO scale to match or exceed the record level set by SpaceX. The company is conducting relevant calculations and preparing to publicly submit its IPO application documents as early as the end of August. SpaceX's initial IPO raised $75 billion, which reached $86.2 billion after including the overallotment option.In May of this year, Anthropic raised $65 billion at a valuation of $965 billion, and by the end of July, its revenue run rate reached $65 billion. In addition, the company is working with Morgan Stanley, Goldman Sachs, and JPMorgan to advance the IPO, and is considering adopting super-voting shares to grant CEO Dario Amodei and other co-founders greater control over the company. (BloomBerg)
Odaily News: Privacy blockchain project Beldex has announced the completion of an $8 million funding round, led by Sigma Capital, with participation from NTC, Nxgen, Digital Consensus Fund, EAK Ventures, and other institutions. The new funds will be used for developer tools, privacy applications, protocol security, AI infrastructure development, and ecosystem expansion.Beldex is exploring the use of its privacy technology to protect the identity, payments, communications, and data processing of AI agents, including privacy-preserving AI identities, encrypted AI communications, confidential payments, secure AI execution, as well as research into technologies such as fully homomorphic encryption (FHE) and secure memory. (Decrypt)
According to Bloomberg, Jeff Sprecher, CEO of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, stated that the company will monitor the new funding round for prediction market platform Polymarket and consider participating if it helps facilitate the round. Previously, ICE had invested over $1.6 billion in Polymarket.
据 Businesswire 报道，Solmate Infrastructure PLC（NASDAQ: SLMT）宣布，于 2026 年 8 月 20 日收购约 1,000 枚 SOL。截至当日，公司持有约 125 万枚 SOL。按 Kraken 8 月 19 日 16:30（美东时间）SOL 价格 85 美元计算，其 SOL 持仓估值约为 1.022 亿美元。