Based on data from Wallstreetcn, the SOFR was 3.66% on August 25, rising from 3.65% the prior session.

The effective federal funds rate stood at 3.63%, unchanged from the previous day.

Google has rolled out a new set of tools intended to counter pricing pressure in the artificial intelligence sector, according to ChainCatcher.

The report notes that Google described the tools as designed to address pricing dynamics in the AI market.

President Donald Trump has pursued a strategy to broaden his influence over monetary policy by removing Federal Reserve officials and replacing them with his own appointees. Odaily reports that court challenges and Senate resistance have slowed these efforts, but four openings remain: the Lisa Cook case, Powell's term, Jefferson's status, and a candidate for the Atlanta Fed presidency.

The central question is not only who joins the Fed but how such changes could reshape the voting balance on the Federal Open Market Committee.

Dallas Fed economists estimate that tokenized deposits could reduce U.S. banks' capacity to hold long-term interest rate risk by about $700 billion if savers become 10% more sensitive to rates, a figure reported by Foresight News. A separate scenario puts the decline at roughly $580 billion if deposits exit banks 10% earlier.

The calculations assume deposits remain in banks for an average of four years, and that so‑called other deposits currently support about 80% of the industry’s long‑term rate exposure. The researchers say tokenized deposits would move funds on-chain, enable programmable payments and real-time settlement, and could allow yield‑seeking savers to switch banks almost instantly.

They caution that smart contracts and AI agents could automate such movements, weakening deposit stickiness and raising banks' funding costs, which could in turn influence borrowing costs for households and businesses.

A study of Brazil's Pix instant payments network found that greater use of the system has led local banks to hold more liquid assets and reduced the scale of credit intermediation. The Clearing House is developing a tokenized deposit interoperability network for cross‑bank settlement, with involvement from banks including Bank of America, Citigroup and Wells Fargo.

Wallstreetcn reported that Moderna and Merck's personalized mRNA cancer vaccine, Intismeran Autogene (mRNA-4157/V940), administered with the PD-1 inhibitor pembrolizumab, reached positive Phase 3 results in melanoma.

In the trial, both recurrence-free survival and distant metastasis-free survival met the key endpoints set for the study.

Hong Kong's capital markets expanded solidly in the most recent quarter despite volatile global conditions.

According to Ming Pao, offshore investment products gained traction, southbound Stock Connect inflows remained steady, and initial public offering activity stayed brisk.

The Securities and Futures Commission notes in its Quarterly Report that these trends underpinned the market's overall performance.

Tencent Holdings Ltd. carried out a share repurchase on August 26, acquiring 672,000 shares for HK$300.4 million, according to a filing with the Hong Kong Stock Exchange.

ChainCatcher noted that the buyback details were disclosed in the exchange document.

The Polymarket submarket covering the LCK play-in match between KT Rolster and HANJIN BRION showed KT Rolster's implied win probability decline to 67.5% from 84% in roughly one hour, a 16.5 percentage-point swing.

ChainCatcher's monitoring tool Catcher Predict flagged the price move, noting that related breaking news could be influencing the market.

MINIMAX-W (00100.HK) disclosed in a Hong Kong stock exchange filing that first-half 2026 revenue reached $117 million, up 283.1% year over year, while the interim period net loss narrowed 11% to $358 million.

The company also reported gross profit of $20.813 million, up 464.8% from the year-ago period, according to Odaily.

Revenue from AI-native products climbed 100.9% year over year to $42.6 million, up from $21.2 million.

The AI-native growth was driven by higher user engagement, greater willingness to pay, and ongoing commercialization of Hailuo AI and other AI-native offerings.

Jin10 reports that the Bank of Thailand does not see a need to raise policy rates at this time.