PANews

U.S. stocks strengthened as funds rotated from AI into traditional sectors, with the market broadly believing that resilient corporate earnings will support the rally. On Tuesday, all three major indexes rose, with the Dow and S&P 500 seeking fresh highs and the Nasdaq gaining more than 1%. UBS said this is a healthy bull-market signal of renewed capital allocation, with investors not abandoning AI/technology but favoring high-quality non-AI stocks as the AI cycle enters its second phase. SpaceX will release its first quarterly report since going public after the market close, and its performance will determine the stock’s stability amid the wave of lockup expirations for newly listed companies.

PANews, August 4 — According to Businesswire, global remittance giant Western Union announced the official launch of Stablecard, enabling users to receive its Solana-issued stablecoin USDPT and spend instantly or withdraw cash at merchants worldwide through an integrated Visa card. The card initially covers 37 markets, with plans to expand to more than 60 by the end of the year. Western Union said the stablecoin will reduce the need for prefunding in cross-border remittances, improve capital efficiency, and support the launch of more digital financial services.

PANews, August 4 — OKX market data shows that BTC has just broken above $64,000, currently trading at $64,044.60 per coin, up 0.55% on the day.

PANews, August 4 — According to Jin10, BofA Global Research initiated coverage of SK hynix (SKHY.O), assigning it a “Buy” rating with a target price of $250.

According to Fortune, Capital One said in court filings that the closure of Trump-related accounts stemmed from AML reviews and regulatory requirements, followed months of analysis, and was unrelated to political positions. Trump accused it of debanking, while both sides denied political motivations. Capital One said it did not make the termination process public and gave Trump’s businesses several months to find a new bank. The case will hinge on whether the court accepts its explanation of the compliance review and risk management.

PANews reported on August 4 that Ethereum treasury company Sharplink posted on X that since launching its ETH treasury strategy, the company’s cumulative rewards from Ethereum staking have reached 24,755 ETH. In addition, the company earned 417 ETH in Ethereum staking rewards last week.

SpaceX will release its first quarterly earnings report since going public, focusing on AI commercialization, Starlink growth, and lock-up expiration pressure. On the AI front, xAI generated approximately $818 million in revenue and incurred losses of approximately $2.5 billion, remaining in an expansion phase; whether it can form a profitable closed loop remains to be verified. Starlink now has over 10 million users, with 2025 revenue of approximately $11.4 billion and profit of approximately $4.4 billion, demonstrating strong cash flow. Starship is still receiving heavy investment, and its future commercialization and low-Earth-orbit transportation costs will determine its long-term value. The lock-up expiration will bring short-term supply pressure.

CNBC reports that Kalshi has partnered with compliance technology company Comply to integrate Kalshi’s event contract trading data into Comply’s regulatory system, providing businesses with trade monitoring and compliance management. Businesses can review employees’ trading activity in event contracts to ensure compliance with policies and prevent trading on material nonpublic information, with perpetual futures to be covered in the future as well. Kalshi said that compliance monitoring can reduce regulatory risks while maintaining open trading and avoid blanket trading bans.

PANews August 4 news: According to market sources, AI cloud computing company Corvex has signed a multi-year agreement to provide NVIDIA Blackwell GPUs.

PANews, August 4 — According to Jin10, Anthropic has signed a $10 billion computing services agreement with AI cloud startup Volta Infra Holdings.

PANews, August 4 — French-listed chip company Sequans Communications disclosed in its second-quarter financial report that it had sold 344 BTC, reducing its holdings from 658 BTC to 314 BTC, and will continue liquidating its holdings as planned, exiting its Bitcoin treasury strategy. The proceeds were primarily used to repay convertible notes and replenish cash, with all convertible note redemptions completed in May. The company reported second-quarter revenue of $7.5 million and a net loss of $9.8 million, including a $3 million Bitcoin impairment loss and a $5.3 million net gain from the sale.

PANews, August 4 — According to Jin10, U.S. Treasury Secretary Bessent said that an agreement on the Strait of Hormuz could be reached on Tuesday or Wednesday, and energy prices are expected to stabilize.
WTI and Brent crude futures fell more than $1 in the short term, currently at $77.53/barrel and $82.05/barrel, respectively. Earlier, U.S. Treasury Secretary Bessent said that an agreement with Iran could be reached as early as tomorrow to open the Strait of Hormuz.

PANews, August 4: According to Jin10, U.S. June JOLTs job openings came in at 7.36M, versus expectations of 7.4 million, while the previous figure was revised from 7.59M to 7.54M.
U.S. June factory orders month-over-month came in at -0.3%, versus expectations of 0.2%, while the previous figure was revised from -1.30% to -1.1%.

Young South Koreans are enthusiastic about leveraged stock and cryptocurrency trading, and Upbit has become the dominant player in the crypto market with a 67.4% market share. Its advantages lie in its integration with KakaoTalk, exceptionally user-friendly experience, and seamless fiat deposits through local banks. Retail investor sentiment acts as an amplifier for both the stock and crypto markets, with funds rotating rapidly when stocks recover or the crypto market heats up. In the long run, regulation, market cycles, and sentiment fluctuations will jointly determine Upbit’s future.

DWF Labs co-founder responds to DEXE rumors, saying all related transactions can be verified on centralized exchanges. The strategy was to buy heavily in 2024, partially take profits in 2025, buy again around October, hedge in the first half of 2026, then close short positions after funding rates turned negative and sell part of its DEXE holdings to increase cash reserves; all operations were conducted through centralized exchanges that have the account information, and he criticized paid KOLs for spreading misleading information.

PANews, August 4 — According to Bybit market data, U.S. stocks opened higher, with the Dow Jones Industrial Average up 1.35%, the Nasdaq Composite up 1.24%, and the S&P 500 up 0.44%. Crypto-related stocks broadly rose, with COIN (Coinbase) up 0.51% on the day and HOOD (Robinhood) up 3.82%.

PANews, August 4 — According to Prnewswire, Bitcoin mining machine manufacturer Canaan Technology announced that it has authorized management to monetize part of its digital assets for ADS repurchases under its existing share repurchase program. The company said its current market capitalization is below the combined value of its digital assets and cash disclosed as of March 31. Based on the market price on August 3, its digital asset holdings were valued at approximately $130 million. The repurchases will depend on the share price, market conditions, and working capital needs; the specific monetization amount and repurchase size have not yet been disclosed.

PANews reported on August 4 that, according to an NVIDIA blog post, as the annual Black Hat security conference opened in Las Vegas today, members of the Open Secure AI Alliance are developing new guidelines to strengthen cybersecurity protections for agentic AI. The alliance currently has more than 120 organizations as members. The Linux Foundation today released a draft for public comment of the Secure AI Framework Exchange (SAFE). This is a proposed set of guidelines designed to turn cybersecurity incidents in the agentic AI field into defensive capabilities shared across the ecosystem. The SAFE guidelines are being drafted by a working group of the Open Secure AI Alliance.
Alliance members including NVIDIA, Cisco Systems, CrowdStrike, Hugging Face, and Red Hat are working with the Linux

PANews, August 4 — Jin10 reports that NVIDIA said AI industry leaders have proposed cybersecurity guidelines.