Market Analysis
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Tokenized deposits risk $580B U.S. bank lending cut: report
A Dallas Fed paper warns tokenized deposits could shrink banks' long-term lending capacity by $580B as faster money movement shortens deposit duration.
Bitcoin-gold correlation tops 50% as debt fears grow, Grayscale says
Bitcoin's 90-day correlation with gold climbed above 50% while its link to the Nasdaq 100 fell sharply, Grayscale research shows. The shift comes as U.S. debt topped $40 trillion.
Trump's Crypto Ventures Caused $4.7B in Investor Losses, Report Says
Public Citizen report details $4.7B in losses across TRUMP meme coin, WLFI token, NFTs, and Trump Media treasury, while Trump earned $1.4B+ from the same products. Senate vote on crypto bill Sept 15.
France Q2 GDP Flat at 0.0% After Downward Revision From 0.2%
INSEE cut France's Q2 GDP to 0.0% q/q from +0.2% prelim, with annual growth at 0.5% versus 0.7% expected. The run marks two straight quarters without expansion.
Pilbara Minerals Revenue, Margin, Profit: Six Key Numbers
Pilbara Minerals reported $1.254 billion in annual revenue, a 92.5% three-year CAGR, and swung to a $257 million profit. Net debt is negative, leverage is low at 17.1%, and return on equity sits at 7.7%.
Civmec profit climbs 22.5% as $1.4b order book locks in FY27
Net profit rose 22.5% to $52.1 million on revenue of $903 million. A $1.4 billion order book and a new defence unit give Civmec a wider base as it enters FY27.
Amazon locks in 200 MW from Swedish wind farms for AI data centers
Amazon contracted 200 MW from four Swedish wind farms, boosting its Nordic capacity to 1 GW as hyperscalers scramble for power to fuel AI data-center expansion.
Rajan Urges Fed to Raise Rates, Says US Financial Conditions Not Restrictive
Raghuram Rajan said the Fed should raise rates, calling US financial conditions not restrictive. The former RBI governor also said the rupee is not out of whack, with the RBI expecting $80 billion in inflows.
UAE Security Adviser's Fund Holds 49% of Trump Family Crypto Bank
Sheikh Tahnoon's investment vehicle controls 49% of WLTC Holdings, the parent of Trump-backed World Liberty Trust Company. The OCC-approved bank faces congressional inquiries over the UAE stake.
Warsh Jackson Hole Speech: Markets Eye ECB, Nvidia, Tokyo CPI
Warsh's Jackson Hole speech at 16:00 CET is the day's main catalyst. Markets await signals after ECB minutes confirmed a September hike baseline. Nvidia up 8%. Tokyo CPI 1.8% y/y. NOK firms on oil.
BitGo Buys NYDIG Trading Business to Deepen Institutional Tools
BitGo added NYDIG's institutional trading, derivatives, and client relationships in a deal that also frees NYDIG to focus on Bitcoin mining and data centers.
Radisson's ₹100 crore hotel in Ongole gets foundation stone
Andhra Pradesh minister Nara Lokesh laid the foundation for Radisson's 151-room five-star hotel in Ongole, with facilities including a multi-cuisine restaurant, spa, and MICE space.