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Good morning, Coin Discoverers!

CRYPTO

• BTC: $57,277.30(+3.88%) YTD (+29.67%)

• ETH: $2,434.80(+3.91%) YTD (+3.49%)

• BNB: $477.22 (+0.66%)YTD (+52.03%)

*Crypto numbers as of 5:00 am EST on August 8th

Trump Sons Hint at Major Cryptocurrency News in Mysterious Tweets

A couple of posts on X (formerly Twitter) from Donald Trump's sons have the crypto community buzzing.

Earlier today, Donald Trump Jr. posted, 'We're about to shake up the crypto world with something HUGE.' He added, 'Decentralized finance is the future—don't get left behind.

The post came after a similarly cryptic tweet from his brother Eric the previous day, where he expressed his newfound enthusiasm for crypto and DeFi, a term for a group of noncustodial trading apps known as 'decentralized finance.'

'Stay tuned for a big announcement,' Eric tweeted.

Web3 startup Spaceport is introducing a major South Korean gaming studio’s IP to Roblox and Fortnite

Spaceport is partnering with a division of South Korean gaming company Com2uS to bring its IP to Roblox and Fortnite. On Tuesday, the Web3 startup announced a similar collaboration with Toei Animation, the studio behind 'One Piece' and 'Dragon Ball

Unlike many companies that strictly control their IP, Spaceport will let Roblox and Fortnite players remix creations from Com2uS and Toei without legal concerns. Spaceport also provides a content management system to track the origins of these derivative works, or 'user-generated content.'

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Metaplanet is raising $68 million, with the majority of the funds set to be used for purchasing more Bitcoin

Japanese venture firm Metaplanet aims to raise approximately $68 million (¥10 billion) through a gratis stock allotment. The company has revealed that $59 million of the funds will be allocated to expanding its Bitcoin treasury.

A significant portion of these funds, approximately ¥8.5 billion, will be used to buy Bitcoin," stated Dylan LeClair, the company's Director of Bitcoin Strategy, on Twitter. "This allocation aims to capitalize on Bitcoin’s potential for long-term growth and its capacity to hedge against yen depreciation.

Will POPCAT Hit $1 in 2024? Everything You Need to Know About the Trending Memecoin

The meme coin Popcat ($POPCAT) has surged in popularity over the past few months, surpassing several other memecoins and attracting significant attention from investors.

Built on the Solana blockchain, Popcat has skyrocketed by an impressive 3,800% since the start of the year. During its last rally, Popcat nearly hit the $1 mark, reaching an all-time high of $0.9976 on July 21. Analysts are now debating whether Popcat will achieve $1 within the remaining months of 2024.

STOCKS

• DOW: 38,763.45(-0.60%)

• S&P: 5,199.50 (-0.77%) 

• NASDAQ: 16,195.81 (-1.05%)

*Stock numbers as of market close on August 7th

Disney might need to pay an additional $5 billion for Comcast's stake in Hulu

Walt Disney (DIS.N) announced on Wednesday that it might have to pay up to $5 billion extra to acquire Comcast's (CMCSA.O) minority stake in Hulu if an appraiser concurs with Comcast's valuation of the stake at over $40 billion.

Earlier this year, Disney and Comcast enlisted investment bank RBC Capital as the independent appraiser to resolve a dispute over the valuation of the 33% stake in the streaming platform, according to sources familiar with the matter.

Equinor withdraws from Suriname, further focusing its oil portfolio

Equinor (EQNR.OL) has withdrawn from a Hess-operated (HES.N) deepwater oil and gas exploration block off the coast of Suriname and exited the South American country, a spokesperson for the Norwegian company announced on Wednesday.

The exit aligns with Equinor's strategy to concentrate on producing oil and gas in key regions like Norway, the U.S. Gulf of Mexico, and Brazil, while increasing investments in renewable and low-carbon energy worldwide.

REAL ESTATE

• 15-year: 6.03%

• 30-year: 6.58%

*Mortage rates via Mortgage News Daily

Workflow, Servicing, PPE, Hedging, DPA, and ROV Guide Tools; Updates to Policies and Procedures

Some situations can be quite surprising, such as a video of a small child being chased by a wild pit bull, which may warrant parental discretion. Similarly, if you're a landlord in a rent control area and discover that your monthly insurance bill has unexpectedly doubled or tripled, you're faced with a challenging situation. Since you can't pass these increased costs onto tenants, you're left to navigate this financial setback on your own.

Despite expectations for rates to decline, the speed of the recent drop has caught many off guard. The industry might benefit from this shift, and it's likely that whoever owns the servicing on a 7 or 8 percent fixed-rate loan, originated earlier this year or last, has already reached out to the borrower. What would be surprising is if the original lender, despite no longer owning the servicing, hasn’t contacted the borrower with crucial updates.

TECH

ByteDance enters the AI video app market, competing with OpenAI's Sora

ByteDance has launched a new software that generates videos from text prompts, entering a market also targeted by OpenAI, the creator of ChatGPT.

Since Microsoft-backed OpenAI introduced its text-to-video model Sora in February, Chinese companies have quickly developed similar tools, with several now offering user-accessible models.

QUICK RECAP

#1. Swiss pharmaceutical company Roche (ROG.S) may sell Flatiron Health, acquired for $1.9 billion in 2018 to advance cancer treatment.

#2. Rome Fiumicino Airport aims to expand as a long-haul hub after Lufthansa's 41% stake acquisition in ITA Airways.

#3. Venky's India (VENK.NS) posted a nearly fourfold increase in Q1 profit to 751.8M rupees, boosting shares 16%.

#4. Cathay Pacific (0293.HK) to buy 30 Airbus A330-900s, with 30 options, part of HK$100 billion investment through 2031.

#5. Saudi Aramco will acquire a 22.5% stake in Petro Rabigh for $702 million, with a $1.5 billion loan waiver.