Bitcoin is testing its largest supply cluster around $80,000 while trading near the key 50-week moving average and the average price paid by ETF holders.

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South Korea’s Mirae Asset is reportedly targeting a $109 billion digital asset business centered on Digital X, with profitability planned by 2027.

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Bitcoin held steady above $79,000 on Thursday as spot bitcoin ETFs recorded their eighth consecutive day of net inflows. Altcoins broadly drifted lower.

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Nvidia shares rose 6% in premarket trading after blockbuster earnings strengthened confidence in artificial intelligence.

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Nvidia reported second-quarter revenue of $96.2 billion for the period ended July 26, up 18% from the previous quarter and 106% year on year. The US technology company expects about $108 billion in revenue next quarter, while CEO Jensen Huang pointed to the rapid development of artificial intelligence.

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Asian-Pacific stocks rose at Thursday’s open for a third straight session after Nvidia reported better-than-expected earnings. The result lifted technology hardware makers and renewed investor confidence, despite overnight data showing the Federal Reserve’s preferred US inflation gauge remains elevated.

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Nvidia reported better-than-expected results and said it expects revenue to grow another 70% in fiscal 2028.

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Nvidia shares initially fell after the company released its quarterly results on Wednesday, then surged, giving investors a roller-coaster ride. The move underscored Wall Street’s lofty expectations for its favored AI chip designer.

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Nvidia expects to generate $108 billion in revenue within a few months, following a record $96.2 billion quarter. Data center revenue more than doubled year over year to $89 billion, while profits reached $59.7 billion. Consumer business growth was tempered by slower PC sales, higher prices, and component shortages.

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Canada took fish and seafood off its counter-tariff list a day after announcing import duties on US goods, saying the change followed feedback.

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Canada’s counter-tariffs are putting key US states under pressure ahead of the midterm elections. Canada’s former chief negotiator sees a rocky road ahead.

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Treasury yields edged lower as investors prepared for the release of initial jobless claims data and a closely watched speech by Federal Reserve Chair Kevin Warsh.

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Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani is due in Tehran on Thursday to discuss de-escalation, renewed US-Iran dialogue and Qatar’s mediation efforts. The visit will also address the Strait of Hormuz as the US-Israel war on Iran approaches its sixth month without a diplomatic breakthrough.

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