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Posts for August 30, 2026

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APR Shares Jump Nearly 100% This Year Ahead of Costco Launch

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APR, a South Korean beauty company, is advancing its U.S. retail push with a planned Costco rollout in September, according to CNBC.

The move underscores the firm's ongoing push into U.S. markets as it expands its retail footprint.

The stock has risen nearly 100% this year, reflecting investor interest in its U.S. distribution plans.

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Yung Kong International to Sell Kowloon Student Hostel for Up to HK$539 Million

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Yung Kong International said its wholly owned subsidiary Yuheng Property Holdings has signed an agreement to sell the entire issued share capital of Success Active Limited to Quantum Living Accommodation Limited for a total consideration of HK$529 million, with the maximum potential consideration capped at HK$539 million.

The target asset comprises land and buildings at 470, 472, 474, 476 and 478 Chatham Road North in Kowloon, Hong Kong, primarily used as a student hostel known as Sen Li.

ETNet reported that the disposal aims to monetise the asset close to its valuation, improve liquidity and provide cash for general working capital and future business opportunities.

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Tongtong AI Social posts 73% rise in interim profit as revenue grows 16%

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Tongtong AI Social (00628) posted a 73% year-on-year increase in interim net profit to RMB 55.01 million for the six months ended June 30, 2026, with earnings per share rising to 1.06 fen.

Revenue grew 16.3% to RMB 236 million for the period, and the company did not declare an interim dividend.

The company attributed the stronger profitability to solid gains from its digital content ecosystem business, higher foreign-exchange gains, and lower administrative expenses, according to ETNet.

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More Than 20 Missing After Flash Floods Hit Grand Canyon Area

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The National Park Service said flash flooding swept through parts of the Grand Canyon on Saturday, affecting Bright Angel Canyon and the Phantom Ranch area. The event occurred around 14:30 local time (22:30 BST). About 62 people had been airlifted out so far, with more expected, and no injuries have been reported. The flooding caused significant damage in some areas and led to the closure of trails in the region.

Forecasters cautioned that more thunderstorms and heavy rainfall were expected on Sunday and Monday, which could bring additional flash flooding, debris flows, rockfall and changing trail and river conditions.

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US Treasury Bans Bloomberg News, Wall Street Journal From G20 Finance Ministers Summit

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The U.S. Treasury Department reportedly barred reporters from several outlets, including Bloomberg News and The Wall Street Journal, from covering this week’s G20 finance ministers meeting in Asheville, North Carolina.

Bloomberg cited the exclusions as occurring amid heightened global market volatility and ongoing tensions involving the United States and Iran.

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AI Trends: Gurman says Apple faces major AI test this September under new CEO

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Jin10 reports, citing U.S. tech journalist Gurman, that Apple's 2026 lineup includes several ambitious devices the incoming CEO Ternus has been pushing internally for months, including the company's first foldable iPhone and a smart display capable of identifying the speaker and tailoring content for different users.

Gurman says the biggest challenge is extending Apple's decades-long success into the AI era, with September seen as a major test as Apple rolls out a new Siri AI to compete with ChatGPT.

Apple reportedly aims to monetize such AI by charging for features or by integrating third-party apps into the voice assistant, but Siri must first overcome long-standing criticisms of instability and limited usefulness. Early reviews of Siri AI are generally positive.

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Strategy Holds 840,400 BTC Valued at $66.4B, Unrealized Profit Exceeds $2.8B

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Strategy, an enterprise software company, holds 840,400 bitcoin valued at about $66.4 billion, based on a price near $79,007 per bitcoin. The stake sits roughly 4.4% above the average cost of $75,653, with unrealized gains over $2.8 billion.

Odaily reported that Michael Saylor posted a chart of Strategy's bitcoin holdings on Sunday, accompanied by the caption 'We’re Back.'

Strategy has not added to its bitcoin position in about two months and typically discloses weekly purchases on Monday mornings. The posting did not indicate whether a new purchase is imminent.

The firm recently raised $334 million by selling MSTR shares and did not deploy those funds into bitcoin, while in recent months it also sold a small amount of bitcoin to cover preferred stock dividends and to fund share buybacks.

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Senate Set for Procedural CLARITY Act Vote on Sept. 15

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The U.S. Senate is set to hold a key procedural vote on the CLARITY Act on September 15, according to coverage from Bitcoin News on X. The cloture motion would require 60 votes to advance the bill to formal Senate consideration, and would not constitute final passage.

The CLARITY Act aims to establish a comprehensive federal regulatory framework for digital asset markets. CFTC Chairman Michael Selig said the agency can use its existing authority to advance limited crypto regulation, but that authority cannot replace the broader framework now being reviewed in Congress.

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Outcomes Surpasses $1 Million in 24-Hour Trading Volume

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HyperliquidNews reported on X that the Outcomes platform generated more than $1 million in trading volume within a 24-hour period, marking its first such level since July 30.

Odaily noted that the address @Outcomexyz accounted for about $661,000 of the total volume.

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Nepal Headteacher Evacuates 900 Pupils About 10 Minutes Before Floods Hit School

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A headteacher in Nepal evacuated about 900 pupils from Tribhuvan Trishuli Secondary School in Nuwakot roughly 10 minutes before floodwaters reached the area, after receiving four warning calls at 09:10 local time (03:25 GMT).

Rajendra Dawadi said he moved the students to higher ground and ordered buses carrying pupils to turn back as the disaster swept through parts of Nepal. The floods have claimed at least 794 lives and left about 2,426 people missing.

The school building was buried under mud and debris, and a hostel located about 100 meters from the river was engulfed as the waters arrived.

Pupil Yunisha Amatya, 16, said she and her friends escaped by seconds after teachers instructed students to head home. She recalled climbing uphill via a narrow ladder behind the school as the local bazaar was swept away, and noted that many students and teachers were stranded for two nights before rescue teams reached them.

Dawadi and Yunisha, who both live across the river from the school, were later airlifted back to their home village.

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Honda and Nissan to co-develop SDV OS and ECU based on Nissan technology

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Reports indicate that Honda and Nissan have agreed to collaborate on a new operating system and a unified ECU built on Nissan's technology.

They plan to announce the collaboration on the 31st. For models slated for a 2029 launch, the companies aim to equip those vehicles with an integrated ECU and OS to enable software-defined vehicles (SDVs), with functions continually improved through software updates.

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SWIFT Launches Blockchain Ledger as Stablecoins and Tokenized Assets Challenge Cross-Border Payments

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SWIFT handles roughly $5 trillion in daily cross-border settlement transactions through more than 11,500 institutions across about 200 countries and territories. The network is reported to charge about 1% to 4% per transaction, and settlements usually take one to five business days.

Last month SWIFT launched a blockchain-based ledger, and HSBC and Standard Chartered subsequently completed the first real-time transfer on the system, reducing settlement times to seconds.

Industry outlook places the potential market for tokenized assets in the trillions. BNY Mellon expects stablecoins and tokenized cash to reach about $3.7 trillion by 2030, while Citi projects the tokenized securities market could reach $5.5 trillion in the same period.

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Schwartz Warns of Cybersecurity Risks in Autonomous Vehicles

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Former New York City Traffic Commissioner Sam Schwartz warned on Bloomberg's This Weekend program that the growth of autonomous vehicles brings cybersecurity concerns, including the risk that bad actors could seize control of connected cars and use them as weapons, according to Bloomberg.

Schwartz noted that his new novel, Autokill, examines this threat.

He added that autonomous vehicles could still offer substantial safety benefits if companies increase transparency and governments prepare for emerging risks.

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Google Maps updates display after Trump renames Lake Ontario to American Lake

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Google has announced adjustments to the Maps display following an executive order renaming Lake Ontario to American Lake.

Under the updated labeling, United States users will see American Lake on Maps, Canadian users will continue to see Lake Ontario, and users outside the United States and Canada will see both names, with American Lake shown in parentheses.

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BNB Surpasses 700 USDT Level, Up 1.67% in 24 Hours

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BNB has surpassed the 700 USDT level and is trading around that mark, according to Binance Market Data.

The token's price rose by 1.67% over the past 24 hours.

Data snapshot timestamp: Aug 30, 2026 at 13:54 UTC.

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Timiraos: Warsh's Jackson Hole Remarks Reframe Fed Pause Criteria

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Nick Timiraos says Kevin Warsh's remarks at Jackson Hole have led several former central bank officials to view the Fed’s framework as having shifted. The new logic emphasizes that a clear, data-driven justification would be required for the central bank to leave rates unchanged at the upcoming meeting.

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Tim Cook to Step Down as Apple CEO; Bitcoin Policy Unchanged

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Tim Cook will step down as Apple’s chief executive on September 1, with John Ternus set to take over the role. Cook will remain executive chairman and has not indicated whether he would alter Apple’s cryptocurrency policy.

Apple has not placed Bitcoin on its balance sheet, and the company reported $146.5 billion in cash and marketable securities as of June 27.

In 2021, Cook said he personally owned cryptocurrency but that Apple would not invest corporate funds in digital assets.

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Nazen Technology Uploads HKEX Hearing Materials, Signals Upcoming IPO

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Nazen Technology, a supplier of optical communications and interconnect products, has uploaded materials to the HKEX website showing it has passed its listing hearing, according to Ming Pao. The filing suggests the company may soon launch its initial public offering.

Citigroup and CITIC Securities (6030) are named as joint sponsors for the listing.

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SpaceX Plans In-House Turbine Blade Foundry to Speed AI Data Centers

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SpaceX is pursuing in-house production of large gas turbine blades and vanes in Bastrop, Texas, aiming to bypass the conventional power supply chain for AI data centers. The Bastrop site is located about 30 miles from Austin, where the company has taken concrete steps to establish a dedicated foundry for these core components.

Elon Musk confirmed the report on social media and noted that, even with substantial solar investments, natural gas will still be needed to supplement and start solar grids in the coming years. He added that casting blades and vanes in-house could reduce gas-turbine deployment times by as much as 18 months.

SpaceX has posted job openings tied to the new industrial gas turbine line in Bastrop, including a senior operations engineer, a senior materials/automation/mold engineer, and a CNC programmer.

Morgan Stanley analyst Adam Jonas said the project appears to be moving forward, according to the coverage.

The article notes that the global turbine blades and vanes supply chain has long been dominated by four major foundries, with orders for large turbine makers such as GE Vernova already booked through 2030.

Musk has said that blades and vanes are the bottleneck slowing turbine deliveries and AI data-center construction.

Jonas added that the Bastrop facility could serve both data-center demand and SpaceX’s Raptor rocket-engine turbine-pump components, and Musk is pursuing interim power through external purchases, including a deal with Fortress Investment Group and potential turbine acquisitions via FTAI Aviation-linked entities.

If the Bastrop plant is completed, Musk has indicated it could enable more than 10 GW of ground-based data centers by the end of 2027.

The report also references environmental and technical concerns, including a BNEF estimate that U.S. carbon emissions could rise about 20% if data centers build their own gas-fired plants.

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Sber to Expand Crypto-Backed Lending With USDt and Ether Collateral

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Russia's largest bank, Sber, plans to broaden its crypto-backed lending by accepting Tether's USDt and Ether as collateral, in addition to Bitcoin.

Deputy Chairman Anatoly Popov, cited by Cointelegraph from a Friday TASS report, said the bank will adjust its existing products and gradually expand offerings as Russia's new crypto law takes effect. Sber intends to add these assets as collateral once the central bank approves their public trading.

Russia is building a regulated crypto market under a law signed by President Vladimir Putin on August 4, with core provisions set to commence on September 1. The legislation grants the Bank of Russia authority to determine which crypto assets may trade on regulated exchanges, and the central bank had proposed Bitcoin, Ether and USDt for such trading on August 11, noting they meet criteria including market capitalization, trading volume and a history of price data from overseas markets.

Sber has been cautious about the rollout of the digital ruble, Russia's central bank digital currency, ahead of its September 1 rollout. CFO Taras Skvortsov indicated there appears to be limited demand for the CBDC beyond the central bank itself, suggesting that neither retail nor corporate clients or financial institutions are actively pursuing it.

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Warsh Turns Hawkish as Bitcoin Tops $80K and Nvidia Guides Higher

Warsh Turns Hawkish as Bitcoin Tops $80K and Nvidia Guides Higher

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Markets are balancing hawkish signals from the Fed with strong inflows driven by AI demand and regulated crypto access.

In his Jackson Hole keynote, Fed Chair Kevin Warsh framed price stability as the central objective, citing 12-month PCE inflation around 3.7% and hotter recent momentum. He argued that forward guidance has overstayed its welcome and should be reserved for genuine crises, while describing broad financial conditions as not restrictive despite strains in housing and agriculture.

With futures still pricing a December rate move, the hawkish framing adds uncertainty for rate-sensitive assets as equities and crypto markets contend with the policy backdrop.

The SEC has sent a crypto custody proposal to the White House Office of Management and Budget for review, targeting investment advisers and firms holding client digital assets. The plan aims to clarify how institutions can custody crypto without triggering outdated requirements and would move beyond ETF wrappers toward a formal custody framework.

Bitcoin rose above $80,000 as US spot Bitcoin ETF inflows extended to eight straight sessions, totaling about $2.8 billion and helping August inflows top $3 billion. The move mirrors the growing role of regulated wrappers in channeling institutional demand, even as much of the net asset gain reflects price appreciation.

At Bitcoin Asia 2026, Binance founder Changpeng Zhao argued that diversification across blockchains makes Bitcoin bigger, not smaller, framing the ecosystem as non-zero-sum with faster chains serving as a research layer for potential future use by Bitcoin.

Nvidia topped expectations across revenue, data center sales and earnings, and guided third-quarter revenue to $108 billion, well above the $103.9 billion consensus. The company also signaled a sequential gross margin of 74%, down from 75%, marking the first margin decline of the current cycle due to higher memory, financing and infrastructure costs. The outlook reinforces the idea that AI compute demand supports crypto miners shifting toward AI workloads, though a Q1 price uptick highlights rising input costs for GPU cloud providers.

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China National Gold H1 Revenue Drops 19.93% to 24.9 Billion Yuan; Net Profit Down 12.35%

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China National Gold reported on August 30 that its first-half revenue declined 19.93% year over year to 24.9 billion yuan, according to Jiemian News.

Net profit attributable to shareholders dropped 12.35% to 279 million yuan, and basic earnings per share were 0.17 yuan.

The company proposed a cash dividend of 0.92 yuan for every 10 shares, including tax.

Management attributed the weaker results to lower sales of gold products, changes in operating costs and expenses, higher inventory levels, and a decline in operating payables.

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OCEAN Co-Founder Luke Dashjr Leaves Bitcoin Mining Pool OCEAN

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OCEAN, a Bitcoin mining pool, announced that Luke Dashjr, a co-founder, has left the company and stepped down from the roles of chairman, chief technology officer, and director after an agreed parting of ways.

The firm said it repurchased all of Dashjr's equity stake in the company.

The split was attributed to differences over the future direction of Bitcoin mining.

Dashjr is set to join a new project named CONVOY.

OCEAN said it will continue to serve miners with a transparent, non-custodial mining pool.

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Wallet Reopens Bulla Position After Recent Closure

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An address re-enters a Bulla position after previously opening it 13 days earlier and closing it five days ago at $0.03162. ChainCatcher notes that the latest purchase represents a new entry into the position.

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Address Rebuilds Niu Lai Position With $1 Million Purchase of 12.25 Million Tokens

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On August 30, on-chain analyst Ai Yi observed that address 0x90c…888ac deployed roughly $1 million in an hour to purchase 12.25 million Niu Lai tokens, effectively rebuilding its stake in the project.

BlockBeats On-chain Detection noted that Niu Lai’s market value briefly rose above $90 million during the purchase window.

This was not the address’s first foray into Niu Lai. The wallet previously opened a position 13 days earlier and fully exited five days ago at a price of $0.03162 before re-entering after closing out its holdings.

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Robinhood Chain Deploys 23,080 Tokens on August 29, per Dune data

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According to Dune Analytics data, 23,080 tokens were deployed to the Robinhood Chain on August 29.

Pons V2 accounted for 15,957 tokens, representing about 69.1% of the total.

Other contributors included Flap with 2,109 tokens, Long with 1,805 tokens, and Bankr with 1,534 tokens, while Trenched.today deployed 833 tokens.

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Clutch Markets Debuts STORMM and Plans Leverage Machine, a Permissionless On-Chain Options Exchange

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Clutch Markets, the team behind StonkBrokers, announced on X that it has launched the STORMM mechanism and plans to roll out Leverage Machine, a permissionless on-chain options exchange, in September.

Liquidity providers can supply stock tokens or ETH as liquidity and earn LP fees, option premiums, and stock token multiplier rewards.

Other users will be able to buy call or put options backed by the related liquidity. Each options position will be minted as a tradable NFT that records position size, strike price, expiration time, and whether it is in the money, and it can be traded on NFT marketplaces such as OpenSea.

Leverage Machine will also offer an Easy Mode that lets users forecast a stock token's price and time period, after which the system will automatically match the corresponding strike-price liquidity and execute the options trade. For options buyers, the mode does not include perpetual-contract-style forced liquidation, and positions will expire at maturity or be exercised if they are in the money.

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Fogo Mainnet Temporarily Shuts Down Following Unauthorized Activity

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Fogo temporarily shut down its mainnet 10 hours ago as a precaution after unauthorized activity was detected, according to Foresight News.

The shutdown is intended to prevent further movement of the affected assets.

During the outage, the network will be upgraded to restrict addresses linked to the incident. Fogo said it will share additional updates once more information is confirmed.

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