


Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.
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The U.S. Treasury is considering using part of its $950 billion to amplify its long-term debt buybacks.
Bitcoin has once again found itself at the center of a wave of pessimism: the analytical platform Santiment has recorded a sharp increase in negative messages about the first cryptocurrency on X, Reddit, and Telegram. Discussions increasingly feature phrases like "dead," "dying," "over," and "all is...