Cointime

Cointime

Download App
iOS & Android
Home / Point

Yen Fluctuations: Major Currencies Experience Sharp Decline Against Yen

On August 12, the yen suddenly strengthened, causing major non-USD currencies to collectively drop sharply against the yen. The British pound against the yen fell nearly 80 points in a short time, the euro against the yen (EUR/JPY) dropped over 60 points, the Swiss franc against the yen fell nearly 60 points, the Canadian dollar against the yen decreased by nearly 50 points, and the Australian dollar against the yen dropped nearly 40 points.

Comments

All Comments

Recommended for you

  • U.S. Stock Index Futures Rise Short-Term, Nasdaq 100 Futures Up 0.7%

    U.S. stock index futures have risen short-term, with Nasdaq 100 futures up 0.7%. U.S. Treasury bonds have increased, and the yield on the 10-year Treasury note has fallen by 3 basis points to 4.66%.

  • Musk: AI to Account for 99% of SpaceX Valuation, Aiming for 10 GW Computing Power by End of Next Year

    On August 12, Musk stated in his latest remarks that AI revenue will surpass all other business revenues of SpaceX by September, and he predicts that within five years, AI will account for 99% of SpaceX's valuation. Musk mentioned that SpaceX has established 'the world's most powerful AI training cluster' and plans to increase its current computing power by about tenfold by the end of next year, targeting 10 gigawatts, which corresponds to a potential annual revenue of $300 billion to $500 billion. He also anticipates that Starlink could handle over 90% of global internet traffic in the future.

  • WTI Crude Oil Declines 1.00% to $81.37 per Barrel

    WTI crude oil has decreased by 1.00% today, currently priced at $81.37 per barrel.

  • South Korea to Require New Investors in Single Leveraged ETFs to Complete Simulation Trading Exercises

    South Korea will require new investors in single leveraged exchange-traded funds (ETFs) to complete simulation trading exercises, further tightening regulatory measures on this high-risk product that exacerbates market volatility. The Financial Services Commission of South Korea announced that new investors must complete at least five days of simulation trading, totaling at least five hours, before purchasing single leveraged ETFs. The new regulation will take effect on August 19 and applies to both domestic and overseas investments.

  • Duan Yongping Increases Stake in Pop Mart from 5.55% to 7.70%

    On August 12, according to disclosures from the Hong Kong Stock Exchange, H&H International Investment, LLC, managed by Duan Yongping, increased its stake in Pop Mart (09992.HK) from 5.55% to 7.70% as of August 6. (Jin Shi)

  • Tencent: Q2 Financial Technology and Enterprise Services Revenue Increased 9% Year-on-Year to 60.3 Billion Yuan

    On August 12, Tencent reported that in the second quarter of 2026, revenue from its financial technology and enterprise services business increased by 9% year-on-year to 60.3 billion yuan, which is in line with expectations. The growth in financial technology service revenue was primarily driven by increases in commercial payments, wealth management, and consumer loan services. The growth in enterprise services revenue was mainly driven by an increase in our cloud services revenue, supported by rising demand for AI-related services, ongoing expansion into international markets, and a more favorable pricing environment.

  • Metaplanet Transfers 4,176 Bitcoins Worth Approximately $265 Million in Last 7 Hours

    According to monitoring by The Data Nerd, Metaplanet (@Metaplanet) transferred 4,176 bitcoins in the last 7 hours, valued at approximately $265 million. Metaplanet previously purchased 43,000 bitcoins at an average price of $96,191 each, and currently holds a related loss of about $1.4 billion, representing a decline of 34%.

  • Tencent Holdings: Free Cash Flow of RMB 37.6 Billion in Q2 2026 Excluding Prepayments for Computing Power

    Tencent Holdings (00700.HK) announced that in the second quarter of 2026, the group recorded a negative free cash flow of RMB 13.8 billion. This was due to a net cash inflow from operating activities of RMB 52.7 billion being more than offset by capital expenditures of RMB 59.3 billion, media content payments of RMB 5 billion, and lease liability payments of RMB 2.2 billion. Our operating cash flow includes significant prepayments related to AI, aimed at providing infrastructure to support the demands of Hy model upgrades, WorkBuddy and CodeBuddy inference, WeChat AI initiatives, and the AI capability development of our various products and services, while also meeting the growing demand from external customers for our cloud services. Excluding the prepayments for computing power, our free cash flow would be RMB 37.6 billion.

  • Liang Wenfeng's Wealth Soars to Nearly $40 Billion, Enters Global Billionaires Top 50

    On August 12, according to IT Home, financial research company bestbrokers recently conducted a survey based on Forbes' real-time billionaire rankings. Between July 27, 2025, and July 27, 2026, Liang Wenfeng, founder of DeepSeek, saw his net worth skyrocket from $1 billion in 2025 to $39.5 billion in 2026 (approximately 266.8 billion RMB at current exchange rates), marking an astonishing growth of 3850% within a year. He became the fastest-growing billionaire in terms of wealth during this period and entered the top 50 of the global billionaire list. Liang's significant wealth increase is primarily attributed to DeepSeek's valuation rising from about 7.2 billion RMB in 2025 to approximately 400 billion RMB this year.

  • CoreWeave Soars Nearly 16% Pre-Market, Q2 Results Exceed Expectations

    On August 12, AI cloud computing company CoreWeave saw its stock rise nearly 16% pre-market, reaching $104.5. The company reported Q2 operational revenue of $2.58 billion, surpassing analysts' expectations of $2.56 billion, and marking a 112% year-on-year increase. The net loss was reported at $626 million, better than the market estimate of a $757 million loss. Adjusted EBITDA was $1.51 billion, exceeding analysts' forecast of $1.43 billion. During the period, operational losses were $49 million, less than the market estimate of $87 million; the loss per share was $1.14, consistent with analysts' expectations, indicating significant pressure on the income statement. As of June 30, the company had a backlog of approximately $104 billion in order sales, up from $99.4 billion at the end of the previous quarter, with over $25 billion in procurement commitments for Q3. CEO Michael Intrator stated that the group has significantly exceeded its expected targets, with customer contracts signed in Q2 expected to contribute profit margins 5 to 10 percentage points higher than new contracts in recent quarters. This reflects the rapid growth in infrastructure demand as enterprises and AI companies continue to expand their computing power investments. CoreWeave anticipates Q3 sales between $3.45 billion and $3.6 billion, with full-year sales expected to range from $12.4 billion to $13.2 billion. Q3 capital expenditures are estimated to be between $11.5 billion and $13.5 billion, with full-year capital expenditures raised to between $35 billion and $39 billion, up from the previous forecast of $31 billion to $35 billion.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company