... recently downgraded Coinbase's stock rating to "sell," pointing to a slowdown in user base growth and intense competition (including from decentralized platforms). An additional challenge comes from new stablecoins and DeFi services drawing liquidity away from centralized exchanges. While Coinbase remains a key player in the market, the situation illustrates that even industry leaders need to adapt in a rapidly changing landscape. Corporate Treasuries: An increasing number of public companies are incorporating crypto assets into their reserves. In addition to investments ...

... recently downgraded Coinbase’s stock rating to "sell," citing a slowdown in user base growth and increased competition (including from decentralized platforms). Another challenge is the emergence of new stablecoins and DeFi services, drawing liquidity away from centralized exchanges. While Coinbase remains a key player in the market, this situation reveals that even industry leaders must adapt to the rapidly changing landscape. Corporate Reserves: An increasing number of public companies are incorporating crypto assets into their treasury reserves. In addition to investments ...

... and heighten expectations for additional stimulus from Beijing. Japan: The Tokyo stock market is closed due to a national holiday (Mountain Day). The lack of trading in Japan means reduced activity in the Asian session; some investors will pause, and liquidity will be lower than usual. This may lead to more restrained fluctuations in Asian markets in the morning, as one of the region's key markets is temporarily inactive. Europe: Inflation in Italy and Industrial Production in Turkey Italy: Final data will be released regarding the consumer price index for July, as well as trade balance ...

... investments in late-stage U.S. AI startups. According to industry research, funds in the U.S. currently hold unprecedented reserves of uninvested capital (over $300 billion in "dry powder"), ready for investments as confidence returns to the market. Such streams of "big money" are filling the ecosystem with liquidity, providing fuel for new rounds and supporting the growth of valuations of promising companies. The return of mega-funds and large institutional investors strengthens competition for the best deals and instills confidence in the industry regarding ...

... regarding foreign currency purchases/sales volumes in August. The regulator's decision influences the ruble's exchange rate and liquidity. 12:00 (Eurozone): Producer Price Index (PPI) for June. The growth rates of wholesale prices signal potential future ... ... data from the American Petroleum Institute could influence oil prices ahead of the official report. Corporate Earnings: Before market open: Caterpillar, Pfizer, BP, Eaton Corporation, Siemens Energy. The morning block features an industrial giant (Caterpillar),...