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Japans foreign exchange reserves stood at $1,207.5 billion in August, compared with $1,287.1 billion in the previous month.1. Monday: ① Data: Germanys July seasonally adjusted industrial production month-on-month; UKs August Halifax seasonally adjusted house price index month-on-month; Switzerlands August seasonally adjusted unemployment rate; Eurozones September Sentix investor confidence index, Eurozones final Q2 GDP annual rate, Eurozones final Q2 seasonally adjusted employment quarter-on-quarter rate; Chinas August foreign exchange reserves. ② Holiday: US and Canadian stock markets are closed on Monday for Labor Day; gold, silver, and oil trading ends early. 2. Tuesday: ① Data: Japans July trade balance; Germanys July seasonally adjusted trade balance; Frances July trade balance; US August NFIB small business confidence index, US August New York Fed 1-year inflation expectations; Chinas August trade balance in US dollars, Chinas August trade balance. 3. Wednesday: ① Data: Chinas August CPI year-on-year; Frances July industrial production month-on-month; US ADP employment change week-on-week for the week ending August 22. 4. Thursday: ① Data: US 10-year Treasury auction (to September 9) - winning yield, US 10-year Treasury auction (to September 9) - bid-to-cover ratio, US API crude oil inventories for the week ending September 4; Germanys final August CPI month-on-month rate; Eurozone ECB deposit facility rate (to September 10), Eurozone ECB main refinancing rate (to September 10); US initial jobless claims for the week ending September 5, US August PPI year-on-year rate, US August PPI month-on-month rate, US August existing home sales (annualized), US July wholesale sales month-on-month rate, US EIA natural gas inventories for the week ending September 4; Chinas August M2 money supply year-on-year rate. ② Events: EIA releases monthly Short-Term Energy Outlook report; OPEC releases monthly oil market report; Apple holds fall product launch event with the theme "Shine New Chapter"; ECB President Lagarde delivers a speech at the Bundesbank official dinner; TSMC releases August 2026 revenue report; ECB President Lagarde holds monetary policy press conference [simultaneous interpretation]. 5. Friday: ① Data: US EIA crude oil inventories for the week ending September 4, US EIA Cushing, Oklahoma crude oil inventories for the week ending September 4, US EIA strategic petroleum reserves for the week ending September 4; UK July three-month GDP month-on-month rate, UK July manufacturing output month-on-month rate, UK July seasonally adjusted goods trade balance, UK July industrial production month-on-month rate; Swiss August consumer confidence index; US August unadjusted CPI year-on-year rate, US August seasonally adjusted CPI month-on-month rate, US August seasonally adjusted core CPI month-on-month rate, US August unadjusted core CPI year-on-year rate, US September one-year inflation rate expectations preliminary value, US September University of Michigan consumer sentiment index preliminary value. ② Events: A new round of domestic refined oil price adjustments will begin; IEA releases monthly oil market report. 6. Saturday: ① Data: US total number of oil rigs for the week ending September 11. ② Events: ECB President Lagarde delivers a speech. September 7th - British Chancellor of the Exchequer John Healy will deliver his first major speech on Monday, expected to place regional growth at the heart of his economic vision while pledging to maintain fiscal discipline. Speaking at a British manufacturing company, Healy is expected to announce a £150 million ($203 million) fund to support businesses in northern England and unveil plans to leverage public financial institutions to attract private investment across the UK. According to excerpts from his speech provided by Healys office, he will call these measures "the next chapter in the UK growth story."1. Xiaomis cumulative car deliveries exceed 800,000 units. 2. Rental prices for most Nvidia GPUs have increased. 3. Jensen Huang praises GPT-6 Astra: AGI has arrived. 4. SK Hynix accelerates its 1c DRAM transformation, leading the HBM4E competition in South Korea. 5. The "National Anti-Fraud AI" app is launched. 6. Gurman: Cook will not appear in Apples fall event video; its the era of Tenus. 7. Samsung Electronics DX division union, dissatisfied with the pay gap with other departments, will hold a protest rally in front of Chairman Lee Jae-yongs residence. 8. AI related to OpenAI "hijacked" a German website in May and June this year, with intelligent agents exchanging task answers on the website. September 7th - From the afternoon of September 7th to the early morning of September 10th, Huawei, Xiaomi, and Apple will successively release their respective foldable screen flagship phones within 72 hours. This marks the first time Huawei and Apple have directly competed in the foldable screen market, with Xiaomi also vying for dominance. The three brands will be locked in a fierce battle within the same week, product category, and price range – a first in the seven years since the foldable screen category emerged.

The U.S. SEC denies Grayscale's request for a spot bitcoin ETF

Haiden Holmes

Jun 30, 2022 11:11


The U.S. Securities and Platform Commission said in a filing on Wednesday that it denied Grayscale's request to launch a spot bitcoin market-traded fund on Intercontinental Exchange Inc NYSE Arca exchange. Grayscale is one of the biggest digital asset managers in the world.


Grayscale did not immediately respond to a request for comment.


Over the last year, the SEC has rejected over a dozen applications for spot bitcoin ETFs, focused particularly on the lack of surveillance-sharing agreements with a large, regulated market for the underlying assets.


The price of bitcoin, the most popular digital currency, has plummeted by around 70 percent from its November high of over $69,000.