Euro area GDP rose 0.4% quarter-on-quarter in the second estimate, with employment up 0.1%. MSCI opened a consultation on rules to remove non-operating companies from global indexes; Goldman Sachs is in talks with investors on Nvidia's $500 billion AI infrastructure financing plan. BTC trades at $62,818 and ETH at $1,874.31, with the Fear & Greed Index at 29.
1. Euro area Q2 GDP rises 0.4%
Eurostat reported euro area GDP rose 0.4% quarter-on-quarter in the second estimate, with the EU up 0.5% and employment up 0.1%; first-quarter euro area GDP was flat.
Assets to watch: EURUSD
2. Goldman discusses Nvidia $500B AI financing
Nvidia's AI infrastructure financing program with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR totals $500 billion. Goldman Sachs is in talks with investors on its funding share in the program.
Assets to watch: NVDA GS
3. SK hynix flags tightest memory-chip supply next year
SK hynix chairman Chey Tae-won said next year will bring the most severe memory-chip shortage, with AI customer demand nearly doubling. South Korea's KOSPI closed up 2.41% on the day and 11.5% for the week, ending seven consecutive weeks of declines.
Assets to watch: SKHYNIX
4. MSCI consults on removing non-operating companies
MSCI opened a consultation on index rules to remove non-operating companies from global indexes. Bitcoin-holding Strategy and Metaplanet are non-operating holding companies covered by the consultation scope.
Assets to watch: MSTR BTC
5. Spot BTC ETFs post $131M outflow
U.S. spot bitcoin ETFs recorded $131 million in net outflows on Aug 13, led by ARKB at $58.82 million. Spot ether ETFs posted $6.72 million in net inflows, led by Grayscale ETH at $6.47 million.
Assets to watch: BTC ETH
6. Ethereum Foundation drops Poseidon hash
The Ethereum Foundation dropped the Poseidon hash function in its post-quantum cryptography plans and switched to SHA or BLAKE.
Assets to watch: ETH
7. Miner Hyperscale Data sells 685 BTC
Bitcoin miner Hyperscale Data sold about 685 bitcoin for roughly $43 million, reducing its debt by about $30 million.
Assets to watch: BTC
8. Uniswap burns $28.4M UNI this year
Uniswap has burned $28.4 million worth of UNI tokens this year, with Robinhood contributing $2.26 million.
Assets to watch: UNI
Market Snapshot
BTC: $62,818 | ETH: $1,874.31
Gold: $4,413.4 | Silver: $64.98
WTI: $81.88 | Brent: $87.20
S&P 500: 7,798.99 | Nasdaq: 30,084.5