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  • SEPTEMBER 1, 2026 (11)

  • Stock Market Anjali Belgaumkar Sep 1, 2026 16:29 UTC

    Nvidia-Backed SB Energy Seeks $7 Billion In Nasdaq IPO

    SB Energy, an AI power infrastructure company backed by SoftBank, OpenAI, and Nvidia, has filed for an IPO with the SEC despite having zero operational data centers and no revenue to date. The company posted a $3.2 billion net loss in the first half of 2026 from heavy data center investment, and remains heavily dependent on OpenAI as both a key tenant and investor. SB Energy is targeting $5-7 billion in proceeds, with shares set to list on Nasdaq under ticker SBE.

  • Stock Market Anjali Belgaumkar Sep 1, 2026 12:57 UTC

    Shein Share Price: Shares Close Flat After Rocky Hong Kong Debut

    Shein’s shares closed nearly flat at HK$48.50 in Hong Kong on Monday, barely below their HK$48.56 IPO price, after an early slide of up to 10% during trading. The debut caps years of failed attempts to list in New York and London, finally landing the fast-fashion giant a $26.3 billion valuation, a steep drop from its $100 billion peak in 2022. Tariff changes in the US and Europe have squeezed the business behind Shein’s famous $5 tops and $10 dresses. Founder Sky Xu made a surprise appearance at the ceremony but stayed silent, while CFO Leigh Gui pledged continued innovation with supply chain partners.

  • Altcoins Nidhi Kolhapur Sep 1, 2026 12:24 UTC

    Pi Network Activates DeFi Infrastructure on Testnet

    Pi Network has activated DeFi infrastructure on its testnet, introducing a native swap interface and real-time market data for test tokens. The rollout features SLICE, which has a test market capitalization of 27.75 million Test-Pi across 1.16 billion circulating tokens. The deployment allows users to interact with liquidity pools and automated market maker mechanisms through Pi Network’s native wallet. The testnet rollout provides a platform for testing DeFi features before potential broader development.

  • Stablecoin Qadir AK Sep 1, 2026 11:39 UTC

    Felix Pago Raises $200 Million to Expand Stablecoin Remittances

    Stablecoin remittance startup Felix Pago raised $200 million in Series B funding, including $87 million in equity led by Andreessen Horowitz and a $113 million credit facility from General Catalyst’s Customer Value Fund. The company uses stablecoins and blockchain infrastructure to settle cross-border payments through WhatsApp. Felix Pago has processed more than $8 billion in remittances to date. It plans to expand into lending and savings products while developing an AI-powered financial assistant.

  • Altcoins Qadir AK Sep 1, 2026 11:12 UTC

    Why Arbitrum (ARB) Price is Up Today?

    Arbitrum rose 30% to $0.112 in 24 hours, driven by rising activity and revenue on Robinhood Chain, which uses Arbitrum technology and generated more than $1 million in fees. Under the revenue-sharing model, 10% of Robinhood Chain’s net revenue flows to the Arbitrum ecosystem. A short squeeze also boosted the rally, with open interest reaching $88.1 million. ARB now faces resistance at $0.12, while a September 23 token unlock could add selling pressure.

  • Bitcoin Qadir AK Sep 1, 2026 10:00 UTC

    Bitcoin Price Gains 25% in August as Short Squeeze Fuels Rally

    Bitcoin rose 25.1% in August, climbing from $62,794 to $78,545 and recording its third-best August performance. The rally was fueled partly by a major short squeeze, with $5.8 billion in liquidations from August 17-21. August 19 saw a record $2.7 billion in short liquidations, while total monthly liquidations reached $12.65 billion. Bitcoin also closed July and August higher, a pattern historically followed by weaker September performance.

  • Stock Market Qadir AK Sep 1, 2026 09:58 UTC

    LSE and Kraken Partner to Tokenize 100 UK Stocks as xStocks

    The London Stock Exchange and Kraken parent Payward will tokenize the 100 largest UK-listed companies through the xStocks framework. The tokens will be backed 1:1 by the underlying shares and allow eligible investors in more than 110 countries to trade around the clock. The move could expand global access to UK equities through blockchain technology. The first xStocks are expected within weeks, while LSE plans to list them on its LSE 24 venue in 2027, subject to regulatory approval.

  • Crypto news Anjali Belgaumkar Sep 1, 2026 09:43 UTC

    Ripple’s $16 Trillion Volume Rivals Visa, Says Brad Garlinghouse

    Ripple CEO Brad Garlinghouse said the company touched $16 trillion in transactions last year, but only about 0.1% of that volume moved on-chain through XRP, stablecoins, or other blockchain settlement. He said each 0.1% represents roughly $160 billion, and Ripple’s goal is to grow that on-chain share as overall volume expands. Garlinghouse said the $16 trillion figure puts Ripple’s transaction scale on par with Visa, and moving more of that volume on-chain would benefit customers through faster settlement, lower cost, and greater certainty. He said both stablecoins and XRP are having record years and expects the $16 trillion total to grow further in 2026.

  • Stock Market Anjali Belgaumkar Sep 1, 2026 06:56 UTC

    SK Hynix Stock Price: Analysts Set $240 Target After S&P Upgrade

    S&P Global Ratings raised SK Hynix’s credit rating from BBB+ to A-, citing strong AI-driven business performance, with a positive outlook for further gains. The upgrade follows the company’s capital return plan, which has already pushed SK Hynix stock up 11.3% over the past three weeks.

    Second-quarter results support the optimism. Revenue hit 79.32 trillion won, up 257% year-over-year, with a 76% operating margin, driven by strong demand for HBM chips and enterprise SSDs.

    Analysts are turning bullish too. Wolfe Research and RBC Capital Markets began coverage Monday with price targets of $200-$240 per ADR, citing HBM4 pricing tailwinds. Stifel started with a Buy rating and $240 target, while William Blair projects free cash flow could more than double by 2028.

  • Stock Market Anjali Belgaumkar Sep 1, 2026 06:32 UTC

    MediaTek Stock Jumps 10% On Nvidia Investment News

    MediaTek shares hit their daily trading limit in Taipei on Tuesday, jumping 10% after Nvidia agreed to buy $3.5 billion worth of convertible bonds in the Taiwanese chipmaker, Nvidia’s largest direct investment outside the US. Experts called the deal a strategic endorsement, marking MediaTek’s shift from smartphone chips toward broader AI semiconductor work. The company has already partnered with Google this year, and analysts are speculating SpaceX could be next in line as a customer, fueling a sharp climb in MediaTek’s market value.

  • Stock Market Nidhi Kolhapur Sep 1, 2026 06:19 UTC

    KOSPI Index Rises 0.33% as AI Chip Demand Boosts South Korean Exports

    South Korean shares rose Tuesday, with the KOSPI gaining 0.33% as strong export growth and robust AI-related semiconductor demand lifted technology stocks. Samsung Electronics, SK Hynix and LG Energy Solution led the gains. South Korea’s August exports rose 68.7% year over year, driven by record semiconductor shipments, highlighting continued strength in AI-related chip demand.

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