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Hyperliquid USD Rallies 4.3% to $80.59 on Corporate Buyback Plan
HYPEUSD jumped 4.3% to $80.59 after Hyperliquid Strategies expanded equity capacity to $2.5 billion, signaling potential token purchases.
Hyperliquid USD Drops 0.8% to $77.84 Amid Leverage Unwind
HYPEUSD fell 0.8% to $77.84 as $150M in crypto longs liquidated. Institutional backing and token burns support the $78 level.
Turkish Airlines Lands Liverpool Shirt Deal Worth £300M Over Five Years
Turkish Airlines replaces Standard Chartered as Liverpool’s main shirt sponsor in a five-year deal worth £300 million, the most lucrative in Premier League history. THYAO stock rose 2.8% on the news.
Sapporo Shifts Non-Alcoholic Beer to US by Mid-2027 Amid 50% Tariff
Sapporo plans to shift non-alcoholic beer production from Canada to the US by mid-2027 to dodge 50% tariffs. The move affects just 0.5% of Canadian output and remains unconfirmed.
Singtel Stock Rises as India Holdings Fuel 50% of Company Value
Singtel’s Indian holdings, including a 25-year-old stake in Airtel, now account for approximately 50% of the company’s S$73.5 billion valuation. Meyka rates the stock B with a 12-month forecast of S$5.00.
Bond Market Rout Pushes Australian 10-Year Yields to 15-Year High
Australian 10-year bond yields hit 15-year highs as global bond markets sell off sharply. Rising yields increase borrowing costs and threaten asset prices amid persistent inflation and $40 trillion US debt.
Norway’s $2.3T Wealth Fund Cuts US Treasury Holdings by $75B
Norway’s $2.3 trillion sovereign wealth fund proposes cutting US Treasury holdings by $75 billion to diversify into riskier assets and boost returns amid rising US debt concerns.
NBA Strips Clippers of 5 Draft Picks, Fines Ballmer $30M Over Kawhi Scheme
NBA penalizes LA Clippers with five first-round draft picks, $30M fine, and one-year suspension of owner Steve Ballmer for salary cap circumvention involving Kawhi Leonard.
Square Enix Stock Falls 6% After Denying Privatization Rumors on September 2
Square Enix Holdings (9684.T) denies privatization rumors after stock jumped 7%. Company states it is not considering going private. Stock falls 6% on September 2 after denial.