PANews

According to Bloomberg, PayPal's new CEO Enrique Lores said the company will disclose its three core businesses separately and set specific revenue targets for the first time, adjusting its financial reporting framework and growth metrics to improve transparency and make it easier for investors to assess the potential of each division. The company previously faced slowing growth, intensifying competition, and an unclear strategy, while market rumors also suggested that potential acquirers were taking an interest. Through business segmentation, improved operating efficiency, and a strengthened payments ecosystem, PayPal aims to rebuild market confidence.

PANews, August 6 — According to a report by Jin10, Iran’s deputy foreign minister said that the agreement between Iran and Oman on arrangements for the Strait of Hormuz is nearing completion, with both sides having made significant progress. An informed source emphasized that if the agreement between Iran and Oman is ultimately finalized, reopening the Strait of Hormuz would require a separate arrangement, including the United States fulfilling its relevant commitments.

Strategy aims to become the world’s highest-valued company by market capitalization, with its core focus on holding the largest Bitcoin treasury, issuing financing instruments such as STRC, and building MSTR into a top-tier equity asset. It expands its BTC reserves through convertible bonds and other means, while STRC is positioned as an income-generating instrument backed by Bitcoin assets. Going forward, it will expand through “Bitcoin reserves + capital markets financing + stock value creation.” Michael Saylor has long advocated that “Bitcoin is digital capital,” amplifying BTC’s value through the capital markets in response to “Think ₿igger.”

According to The Information, Meta requires thousands of internal engineers to use its proprietary AI coding assistant MetaCode and complete at least one code diff per week, which is then reviewed and used to improve the model. The move aims to accumulate data through large-scale use in real-world development scenarios to enhance code generation, debugging, and software development capabilities, narrowing the gap with OpenAI and Anthropic in AI coding.

According to Bloomberg, multi-strategy hedge funds Balyasny Asset Management and Verition Fund Management both posted losses in July, as a sell-off in AI-related stocks dragged down the market. Balyasny fell 1.5% in July, bringing its cumulative return for the first seven months of the year to 1.2%; Verition fell 1.1%, with a cumulative return of 4.5% for the year. Meanwhile, Citadel’s flagship fund Wellington rose 5.9% in July, benefiting from taking over Situational Awareness’s holdings; ExodusPoint Capital Management fell 0.9%, bringing its cumulative gain for the year to 3.5%.

Coinbase announced that it will delist six non-USD-denominated trading pairs on August 6, 2026: LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The adjustment only affects non-USD-denominated pairs; Advanced Trade users in eligible regions can still trade these assets in USD, with the aim of concentrating liquidity, enhancing the trading experience, and improving order book depth.

Axios reports that Google DeepMind CEO Demis Hassabis plans to step down. Since founding the company in 2010 and after its acquisition by Google in 2014, he has driven projects including AlphaGo and AlphaFold, becoming central to Google's AI strategy. His departure could trigger management changes, and no successor has been announced. The move comes as global AI competition intensifies and could affect Google's plans for large-model development and AI commercialization.

PANews, August 5: CoinGlass data shows that crypto futures contracts across the market saw $210 million in liquidations over the past 24 hours, including $67.3778 million in long liquidations and $142 million in short liquidations. BTC liquidations totaled approximately $50.0593 million, while ETH liquidations totaled approximately $19.6791 million.

PANews, August 5 — According to Bloomberg, multiple large hedge funds have suffered a new wave of cyberattacks, targeting institutions including Citadel, Point72, and Two Sigma. The funds involved are cooperating with cybersecurity teams in their investigations and strengthening protective measures.

Kraken parent company Payward has partnered with Broadridge, allowing eligible xStocks holders to submit proxy voting instructions for the corresponding stocks, revising xStocks’ previous arrangement of having no voting rights. Issued by Backed, xStocks targets qualified overseas investors and is now expanding to Hong Kong-listed stocks through GTN, with plans to cover markets including the UK, Europe, and South Korea. Broadridge will provide digital asset infrastructure including proxy voting, post-trade services, wallets, and custody. Since launching last year, xStocks’ trading volume has exceeded $25 billion.

Coinbase positions Forge as the core of its AI-first strategy, building an internal AI engineering platform based on OpenSWE that integrates orchestration, cloud sandboxes, and multi-tool automated PRs. Around 600 Mux engineers use it, with each person able to orchestrate multiple AI coding agents in parallel to complete tasks such as API development, testing, and fixes. CTO Turakhia once had nearly 1,000 engineers pause their IDEs for two weeks to evaluate automation; although token usage increased, overall costs have fallen.

The U.S. Department of Justice charged Taj Tarsha, founder of Few and Far, with securities fraud and wire fraud. He sold 95 million FAR tokens to 67 investors through a SAFT, raising more than ten million yuan, purportedly to develop a decentralized NFT marketplace and FAR. The indictment alleges that he misappropriated the funds for casinos, speculative tokens, and repaying apartment loans, among other things, and transferred nearly $1 million under the guise of bonuses. After FAR launched in 2024, it became nearly worthless and was suspended from trading. Each of the two charges carries a maximum sentence of 20 years; the indictment contains allegations only, and no conviction has been made.

PANews reported on August 5 that, according to Bybit EU’s official Twitter account, Bybit Payments GmbH has obtained an electronic money institution (EMI) license issued by the Austrian Financial Market Authority (FMA). The license will complement Bybit EU GmbH’s existing MiCAR authorization, providing a compliant foundation for connecting crypto assets, trading, and payment services. The license covers electronic money services, payment infrastructure, strong authentication, open banking readiness, P2P transfers, and new card projects.

Ondo Finance announced the appointment of Adam Schlisman as CFO. Schlisman previously served as head of finance at Blockchain.com, CFO of Monashee Investment Management, and worked at Graham Capital Management for nearly a decade. Founded by a former Goldman Sachs team in 2021, Ondo currently manages approximately $3.5 billion in tokenized assets, while Ondo Stocks TVL has surpassed $1 billion.

Reuters reports that JPMorgan CEO Dimon is pushing to form a cross-industry alliance in the U.S. to address security risks arising from the rapid deployment of AI. The alliance will expand ACI, focusing on information sharing about AI use cases, risks, and security measures, and coordinate with the Trump administration. Since July, he has contacted more than 40 critical infrastructure companies, plans to hold a conference call in August, and aims to have the new ACI fully operational by the end of this year.

PANews, August 5 — SpaceX will unlock approximately 912 million shares on August 6, 2026 (tomorrow), roughly double the current market float, raising the floating share ratio from less than 5% to approximately 12%.
As of now, SPCX is trading at approximately $112.67, down 10.10% intraday and about 16.5% below its $135 IPO issue price.

Podcast source: Creative Planning
Compiled & organized by: Deep Tide TechFlow
Host: Charlie Bilello (Chief Market Strategist at Creative Planning)
Guest: Jamie Battmer (Co-Chief Investment Officer at Creative Planning)
Release date: 2026-08-01
Core topics of this episode: the sustainability of asset rotation, semiconductors and leveraged liquidations, the IPO surge, divergence between inflation and the bond market, fiscal deficits, the AI capital expenditure cycle, employment and business formation data.
Conflict of interest disclosure: Charlie Bilello and Jamie Battmer are both employees of Creative Planning. The company

PANews, August 5 — U.S. Treasury Secretary Scott Bessent said that a major highlight of Kevin Warsh’s tenure at the helm of the Federal Reserve would be watching those “stenographers disguised as reporters,” such as The Wall Street Journal reporter Nick Timiraos, gradually become limited to reporting behind-the-scenes Federal Reserve gossip.
Bessent said Timiraos was previously known as the “Federal Reserve’s mouthpiece,” but that reporters of this kind cannot conduct genuine economic or monetary policy analysis without insiders “feeding them information.”

This article argues that although the CLARITY Act is not perfect, its passage could boost the U.S. economy, protect investors, and enhance competitiveness. If it is not voted on before the recess, the likelihood of passage will decline, and the market may initially fluctuate before rebounding; if it fails, the bill will enter a zombie state, with the SEC issuing regulatory rules to fill the gap while the industry continues moving forward. Regardless of the outcome, crypto has become part of the financial infrastructure, and the world is accelerating its efforts to establish a foothold in the sector.