Odaily News JPMorgan strategists have warned that markets may view the U.S. Treasury's unexpected attempt to压低长期融资成本 as lacking credibility, which could over time push up term premiums and bond yields. The Treasury said on Wednesday that it would at least double the scale of its bond buybacks to provide "greater liquidity support," a move that would push down yields on long-term U.S. bonds. However, JPMorgan noted that this is only a temporary fix: the U.S. economy is near full employment, yet still faces a 6% fiscal deficit.
Strategists including Jay Barry wrote: "Without real fiscal consolidation, we fear the market will see this move as lacking credibility. If the Treasury becomes more opportunistic in debt management and further deviates from its 'regular and predictable' principles, this could lead to higher term premiums and yields." The U.S. national debt has surpassed $40 trillion, making it harder for policymakers to control financing costs, while the government continues to issue more debt. A market survey shows that about 60% of respondents believe the U.S. debt situation will continue to deteriorate until it triggers a major crisis. (Jin Shi)
Odaily News, market data shows that gold stocks continue to strengthen, with multiple gold stock ETFs including Guotai Gold Stock ETF, ChinaAMC Gold Stock ETF, and ICBCCS Gold Stock ETF all rising over 6%.
Odaily News, according to Gate data, SK Hynix shares on the Korean stock market extended gains to nearly 11%, while Samsung Electronics rose to 7%.
Odaily News According to SoSoValue data, yesterday (August 19, Eastern Time), XRP spot ETFs recorded total net inflows of $2.3517 million in a single day.
The XRP spot ETF with the highest net inflows yesterday was the Bitwise XRP ETF (XRP), with single-day net inflows of $1.1926 million, bringing its historical total net inflows to $516 million.
The next was the Franklin XRP ETF (XRPZ), with single-day net inflows of $1.1591 million, bringing its historical total net inflows to $429 million.
As of press time, the total net asset value of XRP spot ETFs stands at $1.006 billion, with XRP's net asset ratio at 1.46%, and cumulative historical net inflows reaching $1.521 billion.
Odaily News, according to SoSoValue data, as of yesterday (August 19, Eastern Time), SOL spot ETFs recorded total net inflows of $2.0994 million in a single day.
Among them, Bitwise Solana Staking ETF (BSOL) saw daily net inflows of $5.6301 million, bringing its historical total net inflows to $907 million.
Grayscale Solana Trust (GSOL) saw daily net outflows of $3.116 million, with historical total net inflows currently standing at $105 million.
As of press time, the total net asset value of SOL spot ETFs stands at $987 million, with a SOL net asset ratio of 2.02%, and historical cumulative net inflows reaching $1.161 billion.
Odaily News According to SoSoValue data, yesterday (August 19, Eastern Time), the HYPE spot ETF recorded a total net outflow of $1.9669 million in a single day.
Only the 21Shares Hyperliquid ETF (THYP) saw net outflows yesterday, with a single-day net outflow of $1.9669 million, bringing its historical total net inflow to $47.8083 million.
As of press time, the total net asset value of the HYPE spot ETF stands at $327 million, with a HYPE net asset ratio of 2.07%, and a historical cumulative net inflow of $282 million.
Odaily News Market data shows that vaccine-themed ETFs surged, with the Penghua vaccine ETF and China Merchants vaccine ETF both hitting the daily limit, the Harvest vaccine ETF and Fullgoal vaccine ETF both rising over 9%, and the Guotai vaccine ETF up over 7%.
On the news front, Merck (MRK.N) and Moderna (MRNA.O) announced on Wednesday that their jointly developed melanoma skin cancer vaccine achieved positive preliminary results in its first late-stage clinical trial.
Odaily News: Market data shows that at the A-share market open, the Shanghai Composite Index rose 0.33%, the Shenzhen Component Index rose 1.03%, and the ChiNext Index rose 1.27%, with innovative drugs and gold-related concepts leading the gains. Unitree Technology fell 6.51% at the open, with its stock price reported at 790 yuan, after closing up 460% the previous day.
Currently, Unitree Technology contracts on Trade.xyz are tentatively reported at $111.74.
1. Over 170,000 traders liquidated within 24 hours, ranking as the eighth-largest liquidation event in crypto history;
2. Floating profit exceeds $600,000; a whale "sets 10 big goals first" reveals a short position of 1,894 Bitcoin;
3. Multiple crypto industry executives meet with U.S. Commerce Secretary to discuss advancing the passage of the Clarity Act;
4. Trump: The U.S. has completely ended the "war" on the crypto industry and is now leading the sector's development;
5. OpenAI CFO: Company to go public in 2027 or earlier;
6. "Fed whisperer": U.S. Treasury expands Treasury buyback program, possibly due to officials' concerns over market trends;
7. Google partners with Marvell on custom AI chips, with an investment scale of $12.18 billion;
8. OpenRouter CEO: Stripe has signed an agreement to acquire OpenRouter;
9. Fund flows show billionaire Ken Fisher's firm is buying long-term U.S. Treasuries at $4 billion against the market trend.
Odaily News: Arthur Hayes published an article titled "The Book of Genesis" on the X platform, using mythological narratives to explain the core philosophy and token economic design of the AI and crypto project Flop Labs. The article states that testnet participants will receive approximately 20% of the token supply. Hayes noted that the current AI market lacks a unified standard for computing power pricing, with different models having varying definitions and pricing for "tokens." He proposed building a decentralized computing power network called Flop Network, with FLOP as the native token, representing a direct claim on computing power (FLOPs), enabling AI agents and humans to transact at a globally unified unit price for computing power. The FLOP token adopts a fair launch model, with the team self-funding and no pre-sale.
Odaily News According to on-chain analyst Yu Jian's monitoring, a hacker spent 38.535 million DAI/USDS to buy 18,273 ETH over the past 5 hours, at a purchase price of $2,109. The aforementioned stablecoins came from 17,124 ETH received from Tornado Cash 9 months ago. The hacker subsequently sold the ETH at an average price of approximately $3,308 and converted it into DAI and USDS for holding. Today, during the ETH rebound, the hacker repurchased ETH.
Odaily News: South Korea's KOSPI index has climbed above 6,800 points, up 5.24% intraday. SK Hynix has surged over 9%, while Samsung Electronics has risen more than 6%.
Odaily News: South Korea's exchange has activated the Sidecar mechanism, temporarily suspending programmatic buying of the Korea Composite Stock Price Index (KOSPI).
Odaily News: AI cloud computing company Nebius Group (NASDAQ: NBIS) has announced plans to privately offer $4.5 billion in aggregate principal amount of convertible senior notes to qualified institutional investors, consisting of $2.75 billion in notes due 2030 and $1.75 billion in notes due 2034. If all additional purchase options are fully exercised, the offering size could reach up to $5.175 billion.
Nebius stated that the proceeds will be used for data center construction and expansion, developing a full-stack AI cloud platform, expanding data center footprint, and procuring key components such as GPUs, as well as for general corporate purposes. The specific interest rate, initial conversion ratio, and other terms of the notes will be determined at the time of pricing.
