Tradehaven

Darn Elon Musk !!!

Parliament is slated to debate proposed changes to political salaries, including those of ministers, when it sits this week. https://www.businesstimes.com.sg/singapore/parliament-debate-political-salaries-week-pm-wong-and-chan-chun-sing-speak-sep-8

😱😱😱this is not good !!

Luxury home decor stalwart Designers Guild on brink of collapse https://news.sky.com/story/luxury-home-decor-stalwart-designers-guild-on-brink-of-collapse-13582711

Huawei launches new foldable smartphone as competition with Xiaomi, Apple heats up https://www.straitstimes.com/business/huawei-xiaomi-to-debut-new-foldables-ahead-of-foldable-iphone

US President Donald Trump claimed on Sunday that the United States owns the moon. He posted a photo of the moon on Truth Social with the words “The Moon is Ours” written across it. He added a US flag next to the image. https://www.cnbctv18.com/world/trump-claims-moon-us-territory-white-house-green-lantern-space-force-uniform-19985289.htm

COT update covering week to 1 Sept: Hedge funds continue to pile into commodities, lifting the overall net long to a four-year high. Agriculture is increasingly crowded after a record buying spree, while in FX, speculators were wrongfooted by a sharp yen reversal. https://www.home.saxo/content/articles/commodities/cot-on-forex-and-commodities---week-to-1-sept-2026-07092026 https://x.com/ole_s_hansen/status/2096882836003262522

• Tech stocks surged in Asian trading on Monday as investors bet that the artificial-intelligence boom will continue to drive demand. South Korea’s Kospi index closed 4.6% higher, while Tokyo’s Nikkei 225 advanced 2.1% and mainland China’s CSI 300 gained 0.6%. Samsung and SK Hynix jumped 5.7% and 8.3% respectively. European stocks fell, with the Stoxx 600 sliding 0.2% and Frankfurt’s Dax dropping 0.2% after a regional election in Germany. ~ Barrons

$JPY 😱😱😱

GOLDMAN SACHS SEES NEARLY 80% UPSIDE FOR SOUTH KOREAN STOCKS, MAINTAINS 12,000 KOSPI TARGET ON AI MEMORY BOOM KOSPI +4.6%

Patients Are Flying to China for the Latest Cancer Treatment—Shanghai is a favored destination, with lower costs than the West and innovation in biotechnology https://www.wsj.com/health/healthcare/patients-are-flying-to-china-for-the-latest-cancer-treatment-528659c3

https://www.thestar.com.my/business/business-news/2026/09/07/turbulent-times-for-airasia AirAsia has since confirmed the process of raising funds totalling some US$1bil from international debt markets plus RM700mil in local credit facilities, but did not comment on the involvement of the Malaysian government in the exercise.

China's state bank and insurer shares slide after $54bn injection plan https://asia.nikkei.com/business/finance/china-s-state-bank-and-insurer-shares-slide-after-54bn-injection-plan

Are developers over-optimistic with bullish housing land bids? https://www.businesstimes.com.sg/opinion-features/are-developers-over-optimistic-bullish-housing-land-bids

Japan likely sold a portion of its holdings of foreign securities, including U.S. Treasurys, to finance its record currency intervention over the past month. https://www.japantimes.co.jp/business/2026/09/07/markets/japan-treasuries-sell-for-yen/

Eight Indonesian airports remain shut due to volcanic ash from Anak Krakatau reut.rs/4iPlj6j

Malaysia’s residential property market is seeing record Chinese demand, increasingly driven by affluent end-users seeking family lifestyle, education, residency and wealth diversification rather than speculative investments. https://www.thestar.com.my/business/business-news/2026/09/06/chinese-buyers-driving-malaysian-boom

Bitcoin Network Says $320 Million Stolen in Latest Crypto Hack 2026-09-07 02:42:39 GMT By Suvashree Ghosh and Matt Haldane (Bloomberg) -- A Bitcoin-linked blockchain used by several crypto exchanges has been hacked for $320 million, the latest in a spate of thefts to shake confidence in digital-asset security. Liquid Network, which develops a blockchain designed for faster transactions, had roughly 4,000 of the 4,200 Bitcoin held in its Liquid Federation wallet stolen, it said in a post on X. It said the perpetrators are “purported white-hat hackers” who move funds after finding vulnerabilities with the intention of returning them, often for a fee. “Liquid wallets will be impacted, and we’re sorry for any inconvenience,” Liquid Network wrote, adding it has halted all new transactions. “Federation members are actively working on resolving this so we can restore normal network activity.” The hack is the latest in a string of recent attacks that have put crypto cybersecurity in the spotlight. Just last week, an attacker drained $6 million from a Crypto.com-linked digital- asset lending platform. In August, a hack of the popular offline Bitcoin wallet Coldcard raised questions about the safest way to store the digital asset. Liquid Network 🌊 @Liquid_BTC We are aware of a security incident on @Liquid_BTC. Purported white-hat hackers have withdrawn 4,000 BTC ($320 million) from the Liquid Federation wallet. The @Blockstream team is working on contacting them on-chain with a signed message. What we know so far is that the funds… Sent via Twitter Web App. View original tweet. Liquid Network was started in 2018 by Blockstream Corp., a blockchain technology company co-founded by cryptographer- turned-Bitcoin enthusiast Adam Back. It is now managed by a federation of more than 80 exchanges, infrastructure companies and asset managers, according to Blockstream. Liquid Network and Blockstream did not immediately respond to emailed requests for comment. In its post on X, Liquid Network said the funds were withdrawn via SideSwap, a settlement platform authorized to handle transfers from the network, but that the key was not compromised. Liquid Network is used by exchanges for quick settlement because the main Bitcoin blockchain can often suffer from slow and expensive transactions due to network congestion. Liquid Network speeds this up by issuing Liquid Bitcoin, or L-BTC, against actual Bitcoin, which it locks up. Blockstream lists several major exchanges as users of Liquid, including BTSE and Bitfinex, which shares the same parent company as Tether, the world’s largest stablecoin issuer. BitMEX, which has announced that it is shutting down this month, was also a user. Aneirin Flynn, chief executive of cybersecurity technology firm FailSafe, said preliminary evidence points to a bug allowing the minting of L-BTC. The breach “is the latest in a spate of attacks exposing weaknesses in crypto infrastructure this year,” Flynn said. “With roughly 95% of reserves drained and the network paused, the incident exposes a critical weakness in Liquid’s validation and backing model.”