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Xbox Revenue Falls 7% in FY26 Despite 200 Million New Players
- Xbox gaming revenue fell 7% in fiscal 2026 despite 200 million new players.
- Declining console hardware sales drove much of the annual decline.
- Sharma plans cost cuts and price hikes to hit FY27 growth.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
South Korea’s Stock Market Crash Is Now Officially Worse Than 1997 and 2008
- The KOSPI plunged more than 33% in July, its worst month in history.
- The drop surpasses October 1997's 27% IMF crisis loss and 2008's 23% slide.
- The crash move is deeper than COVID-19's, with support at 5,100 in focus.
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OpenAI Says July Annualized Revenue Topped All of Q2
- OpenAI CFO Sarah Friar told staff July annualized revenue beat the entire second quarter.
- The update landed the same day Microsoft and Meta reported quarterly results.
- OpenAI is valued at $852 billion after closing a record $122 billion funding round.
SpaceX Stock Extends Slide Despite $1.6B Space Force Deal
- SpaceX stock fell 3.32% Wednesday even after winning $1.6 billion in Space Force orders.
- The Space Force awarded 18 Falcon 9 missions through 2027 for missile-tracking satellites.
- SpaceX has now secured over $7 billion in Pentagon contracts this year alone.
Hyperliquid Draws First Japanese Corporate Buyer as US Funds Shed $27 Million
- Tokyo-listed Eole bought 1,078 HYPE tokens, a first for Japanese public companies.
- US spot HYPE funds have shed $27 million across ten trading sessions.
- HYPE fell 19.4% in a month, the worst among the 20 largest tokens.
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Why Bitcoin Is Stuck Near $65,000 as AI Fuels Inflation
- AI spending is adding inflation pressure and reducing the chance of near-term Fed rate cuts.
- High bond yields and strong AI stocks are pulling capital away from Bitcoin.
- ETF inflows are improving, but Bitcoin still needs softer inflation and lower yields to break higher.
Samsung Profit Jumps 1,800% as AI Chip Demand Powers Record Quarter
- Samsung's operating profit soared 1,800% year over year to 89.5 trillion won.
- Record server memory demand drove Samsung's chip division to an all-time high.
- The results followed a sharp Wednesday selloff tied to AI valuation fears.
