**Crypto**

Over the past year, the number of Bitcoin millionaires has skyrocketed by 111%, fueled by a robust crypto bull run, according to recent reports. Prominent Bitcoin advocate Max Keiser claims that Palestine could have financially overtaken Israel had they followed his advice and adopted Bitcoin. In other news, the Telegram-linked TON Network recently experienced a 7-hour outage, attributed to the launch of the DOGS memecoin. Binance is facing allegations of seizing Palestinian crypto assets at the behest of Israel. Meanwhile, major Bitcoin holders like Tesla, MicroStrategy, and Marathon have incurred millions in paper losses as Bitcoin’s value plummeted. Memecoins such as Dogwifhat and Pepe are among the biggest losers amid the recent crypto market downturn, although PopCat continues to perform well. Additionally, cryptocurrencies like Bitcoin, Ethereum, and Dogecoin have seen significant declines as over-leveraged long positions were liquidated. Analysts suggest reassessing the market before becoming optimistic about Bitcoin.

**US Politics**

Anthony Scaramucci has accused former President Donald Trump of orchestrating a plan reminiscent of a ‘Russian-style oligarchy’ in the US through Project 2025, labeling Trump an ‘evil genius.’ Despite describing Trump as a ‘dangerous guy,’ Scaramucci believes he would be better for the cryptocurrency market compared to figures like Elizabeth Warren and Gary Gensler, who he claims have tarnished their reputations. Elizabeth Warren argues that Kamala Harris will lower costs for working-class Americans, whereas Trump’s plans benefit the wealthy. Warren contends that Trump’s policies will leave everyday Americans struggling. In the political arena, Vice President Kamala Harris received no significant boost from the Democratic National Convention, and RFK Jr.’s suspension hasn’t affected either candidate’s standing.

**US Markets**

The Nasdaq and S&P 500 futures are in a holding pattern as traders await Nvidia’s earnings report, often considered an AI market barometer. A fund manager speculates that the market might maintain its current state until the upcoming presidential election. Nordstrom shares surged by approximately 8%, with 20 other stocks also making notable premarket moves. The S&P 500 inched higher ahead of Nvidia’s earnings announcement, signaling improved investor sentiment.

**World Politics**

Ukrainian President Volodymyr Zelenskyy plans to present a detailed strategy to US President Joe Biden aimed at ending the ongoing war with Russia. Meanwhile, a Chinese cyber espionage group named ‘Volt Typhoon’ has been targeting internet and IT service providers in the US and India, laying the groundwork for potential future conflicts.

**World Economy**

Asian markets exhibited mixed results while European markets experienced gains. Crude oil prices declined due to concerns over reduced Chinese demand, impacting global markets while the US slept.

**Tech**

Investors are closely watching Nvidia ahead of its Q2 report, worried about whether it can meet hyped-up expectations and potential delays in its Blackwell project. Almost half of OpenAI’s AGI safety researchers have resigned due to a shift in focus towards commercial product development. Nvidia’s market cap could experience a $305 billion shift as options pricing predicts a 9.8% post-earnings move, driven largely by FOMO (Fear Of Missing Out). Amazon India is set to launch its quick commerce service by 2025. AT&T has resolved a software glitch that disrupted wireless services in several major US cities, including Los Angeles, Dallas, and New York. Anthropic, backed by Google and Amazon, has released new ‘system prompts’ for its Claude AI. Meta has abandoned its custom chip development for Orion AR glasses. Intel board member Lip-Bu Tan reportedly left due to disputes with the CEO and other directors over the company’s direction. Nvidia is poised for a significant $298 billion market surge as Q2 earnings approach, according to Goldman Sachs. Apple has laid off 100 employees in its Services Division, affecting key teams under Eddy Cue responsible for the Books app and store. Apple’s upcoming ‘Glowtime’ event on September 9th is expected to feature the iPhone 16 launch, which Wedbush analyst Dan Ives believes could mark a ‘historical period.’

**Electric Vehicle**

Chinese state media criticized Canada for imposing 100% tariffs on electric vehicles, claiming Ottawa is ‘shooting itself in the foot.’ The US government reports that public EV chargers have doubled since President Biden took office, although most are privately owned. Chinese EV manufacturer Li Auto reported Q2 earnings with an EPS beat and a 25% growth in deliveries but struggled with margins. Longtime Tesla supporter Ross Gerber sold $60 million worth of Tesla shares, citing declining confidence in the company’s direction under Elon Musk’s leadership. Senator JD Vance criticized Kamala Harris for allowing a Chinese battery plant in Michigan, accusing her of wanting to pay the Communist Party to build factories on American soil.

**Consumer**

A significant $4.5 million investment was made in a consumer cyclical stock; here’s a look at three other stocks that executives are buying. Meanwhile, there’s buzz around a $129 Barbie phone—does it live up to the hype?

**Communication**

Exxon Mobil is considering selling Permian assets to fund its shale expansion plans.

**Healthcare**

Virax Biolabs has signed a distribution agreement for Mpox diagnostic kits across Europe and the Middle East. NeuroSense Therapeutics is in advanced negotiations with several multi-billion-dollar pharmaceutical companies to partner on its lead drug.

**Financial**

Amazon has emerged as the top stock choice among hedge funds in Q2, surpassing Microsoft with 411 holders.

**Space**

Elon Musk’s SpaceX has proposed offering free emergency service access via mobile phones through Starlink, which could help people stranded in remote areas. However, unfavorable weather has delayed SpaceX’s first commercial spacewalk, with no new date announced yet.

**Energy**

Vale has appointed Gustavo Pimenta as its new CEO, concluding a turbulent succession process.

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