South Korea’s employment situation has deteriorated, with the proportion of people who graduated over three years ago remaining unemployed hitting a 21-year high.

According to market data from BIT (bit.com), Tesla (TSLA.O) fell nearly 5% in pre-market trading as its quarterly profit missed expectations and free cash flow turned negative for the first time in over two years.

According to market data from BIT (bit.com), Alphabet (GOOG.O) dropped over 3% in pre-market trading after the company announced its Q2 results and raised its fiscal year capital expenditure forecast.

According to a report from Securities Times, Meng Huating, Director of the Foreign Investment Administration Department of China's Ministry of Commerce, stated at a press conference that in the second half of the year, China will continue to focus on the goal of stabilizing and improving the quality of foreign capital utilization, further shaping new advantages for attracting foreign investment, and advancing key tasks including expanding new increments, stabilizing existing stock, and enhancing quality. Regarding expanding new increments, China will continue to pursue high-level opening-up, steadily and orderly deepen opening-up pilot programs in sectors such as value-added telecommunications, biotechnology, wholly foreign-owned hospitals, and vocational skill training institutions, support Beijing in upgrading its national comprehensive service industry demonstration zone, and accelerate the revision and release of regulations on foreign investors' mergers and acquisitions of domestic enterprises.

US Secretary of State Rubio said Iran does not appear ready to strike a deal, and will pay a cost that grows each night until it comes to its senses. He also expressed hope that the Houthi forces will cease their attacks, noting that the Houthis have been misled by Iran. (Jinshi)

According to Techinasia, Hassan Ahmed, Coinbase’s Singapore head, stated that the company plans to increase its Singapore headcount from around 150 currently to roughly 200 by the end of 2026. Future hiring will focus on roles in engineering, customer service, customer relationship management, and institutional sales. On the same day, Coinbase officially launched its new Singapore office at One Raffles Quay. Ahmed noted that Singapore is “one of the world’s most trusted financial centers and also one of Coinbase’s fastest-growing international markets.” He added: “The new office reflects our long-term confidence in Singapore as a hub for innovation, talent, and responsible growth strategy in the Asia-Pacific region. It will also help us collaborate more closely with local regulators, continue investing in talent, and further expand our partnerships.”

BitMEX announced it will officially shut down its trading platform at 04:00 UTC on September 23, 2026. New user registrations have been suspended effective immediately. Following a strategic review of its business and the broader cryptocurrency industry, the board of BitMEX’s parent company HDR Global Trading Limited has decided to close the trading platform. BitMEX strongly advises all users to close their positions and withdraw funds as soon as possible. The platform will continue normal operations until the shutdown time, but starting at 04:00 UTC on August 26, 2026, it will impose risk restrictions: users will not be able to open new positions, only reduce existing ones. After this date, BitMEX will gradually liquidate existing positions to ensure an orderly market exit; positions not closed by the shutdown time will be liquidated immediately. The platform states it will not be liable for trading losses caused by users’ failure to close positions in a timely manner. Additionally, illiquid contracts will be settled in advance, with relevant users notified per usual practice. Post-shutdown, BitMEX will cease all trading services, retaining only asset custody functions. Users can still log in to their accounts to view wallet balances and historical transaction records, and continue to withdraw assets. All BMEX staking has been unblocked, with related tokens returned to users’ accounts. For users who have completed KYC but not withdrawn funds by the shutdown time, BitMEX will charge an account maintenance fee: the monthly fee will be the higher of $50 or a 1% annual rate. If users fail to withdraw funds long-term, the platform may further increase fees in the future, with advance notice provided.