Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield
Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains atlarge. Source：CoinDesk
BitRiver founder charged in Russia over alleged $8M fraud
Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire…
Pioneering AI hedge fund with returns of 1000% since inception discovers the downside of leverage
AI wunderkind Leopold Aschenbrenner has reportedly asked investors for an injection of fresh capital, and offered them to opportunity to buy some of its assets…
GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks
Consumer spending and business investment in AI drive the economy forward Source：MarketWatch
Fed-favored PCE inflation gauge falls for first time since pandemic, but danger far from over
Lower gas prices after temporary Iran truce tugs inflation lower Source：MarketWatch
Congrats, Gen Z, you’re turning 30. Here are the most important money moves to make next.
Your parents may have shared advice that was fine when they were 30, but “the world has changed significantly” since then. Source：MarketWatch
This global equity fund boasts a 150% five-year return for investors, despite holding few U.S. stocks
The CIO of Ranmore Funds isn’t too keen on U.S. valuations at present, but the beatendown software sector is luring him back in. Source：MarketWatch
Telegram faces terror-related legal action in Australia one day after founder is charged by Russia
The platform faces a fine of up to $38 million for allegedly failing to remove terrorrelated content. Source：CoinDesk
Samsung unit explores stablecoin infrastructure with Upbit’s operator
Samsung SDS is discussing stablecoin infrastructure and AIbased payment models with Dunamu, the operator of South Korean crypto exchange Upbit.…
Wall Street just suffered a historic crash in highflying stocks. Why a quick tech rebound could be a trap.
A bounce may be coming for those momentum stocks that have been brought back to earth, which could open up another selloff, says BTIG’s Jonathan Krinsky.…
Nearly half of small-cap and midcap stocks are losing money
Wall Street is evolving into a winnertakeall contest. Source：MarketWatch
Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT
The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock selloff. Source：Cointelegraph