According to the BBC, a surge in piracy near Somalia has raised threats to shipping in the Gulf of Aden and the wider region, with two cargo vessels seized within four days last week and at least 13 ships attacked since the start of the year. The BBC said the latest hijackings have triggered drone strikes against the pirates and marked the biggest escalation in more than a decade. The MV Lutuf, a Cameroon-flagged ship, was attacked off Somalia's Puntland region on 17 August, while the Eritrean-flagged MT Sibu 1 was boarded in waters near Yemen a few days later. The BBC said the Lutuf is among six vessels being held for ransom demands of millions of dollars, and that four are anchored near Bander Beyla. Analysts said the piracy resurgence is being driven by insecurity in regional waterways, reduced naval patrols, more commercial shipping and anger over foreign trawlers overfishing in Somali waters.

A wallet associated with Bitwise's BHYP Hyperliquid ETF has staked about $74.9 million worth of HYPE. According to BlockBeats On-chain Detection, the address delegated another 188,790 HYPE about two hours ago, worth about $15.19 million. The related address is 0x6183AeCb22b09b4CB167F2B42C611243C7E74318.

According to HKET, Taiwan's SETN and JPX official data, Asian index futures traded lower in the overnight session after Federal Reserve Chair Kevin Warsh struck a hawkish tone at the Jackson Hole symposium, saying inflation had not slowed meaningfully and reaffirming the 2% target. U.S. equities turned red on Friday, with the Dow down 0.02% at 53,559.99, the S&P 500 off 0.25% at 7,711.76 and the Nasdaq down 0.52% at 26,402.42; the Philadelphia Semiconductor Index sank 3.47% to 11,469.66 and Nvidia fell 4.57% to $217.55. Traders lifted odds of a September rate hike, and spot gold dropped about 3%. Nikkei 225 index futures fell in Osaka Exchange night trading, with the near-month September 2026 contract settling at 65,830, down 620 points (about 0.93%), after ranging between 65,660 and 66,850, per JPX official data. The December 2026 contract closed at 65,720, down 590. Hong Kong's Hang Seng Index night futures closed down 42 points at 25,472, while the China Enterprises/H-share proxy edged up 0.4% to 6,210. In U.S. trading, Alibaba's American shares rose about 2.3% versus the Hong Kong close and JD.com added close to 2%, Meituan's ADR gained more than 1% after results, and HSBC's ADR rose about 0.6%; Tencent was soft and BYD's ADR slipped about 2.3% following earnings. Taiwan's TAIEX index futures dropped 457 points, or 0.99%, to 45,900 in the night session, and Taiwan Semiconductor Manufacturing Co. futures fell 21 points, pointing to selling pressure on chip heavyweights at the next cash open. South Korea's KOSPI 200 night-futures read was unavailable, as no Korean market-morning report covered the session with the cash market shut for the weekend.

According to CNBC, Gap shares jumped about 14% in extended trading after the retailer said Michael Francis will lead Old Navy starting Nov. 2, succeeding Haio Barbeito, who had served as CEO since 2022. Gap posted second-quarter adjusted earnings of 52 cents per share, topping the LSEG consensus of 48 cents. Marvell Technology fell 6% after guiding to current-quarter adjusted earnings of $1.10 per share, plus or minus 5 cents, against the $1.07 analysts expected, with non-GAAP gross margin seen at 57.5% to 58.5% versus the StreetAccount call of 58.5%. Workday added almost 1% after beating LSEG estimates on both the top and bottom lines in the second quarter. Rubrik tumbled 7% as non-GAAP gross margin came in at 81% against an 81.7% StreetAccount estimate, though it beat on revenue and earnings, reporting 20 cents in adjusted earnings per share and $427 million in revenue versus the 4 cents and $396 million analysts penciled in. Autodesk slid 5% after third-quarter adjusted earnings guidance of $3.04 to $3.09 per share fell short of the $3.14 expected, with full-year guidance of $12.52 to $12.60 versus $12.60. Elastic N.V. surged 20% after full-year adjusted earnings guidance of $3.29 to $3.37 per share on revenue of $1.998 billion to $2.010 billion topped the $3.24 and $1.99 billion analysts expected. SentinelOne shed almost 4% after issuing a weak current-quarter and full-year earnings outlook that overshadowed a stronger-than-expected second quarter.

Wall Street's three major indexes closed lower on Friday, weighed down by semiconductor stocks including Nvidia and Intel, which dragged the Nasdaq Composite lower, according to Sina Finance. The declines came after Federal Reserve Chair Kevin Warsh voiced concern about the current inflation trend, pressuring the S&P 500 to a lower Friday close even as the index held onto a weekly gain. The Dow Jones Industrial Average slipped 9.45 points, or 0.02%, to 53,559.99; the S&P 500 fell 19.23 points, or 0.25%, to 7,711.76; and the Nasdaq Composite dropped 138.93 points, or 0.52%, to 26,402.42. For the week, the S&P 500 rose 0.5%, the Nasdaq Composite gained 0.9%, and the Dow climbed 0.5%, marking its first weekly advance in about three weeks. Speaking at the annual central bank symposium in Jackson Hole, Wyoming, Warsh said that although this summer's personal consumption expenditures (PCE) price index and consumer price index (CPI) data came in better than expected, in his view this did not represent a substantive improvement in the underlying inflation trend. He added that the Fed must be convinced core inflation is falling clearly and quickly enough toward the policy target, and that if not, 'we still have work to do.' According to CME Group's FedWatch tool, federal funds futures traders' odds of a Fed rate hike in September rose to about 57% on Friday, up from just 35.4% the prior day. Following Warsh's remarks, short-term Treasury yields rose, while long-term yields were largely flat; long-term yields, which affect borrowing costs across the economy, have been a key market concern recently. Bill Birmingham, managing director at REX Financial, said the speech sent a very hawkish signal, both a message to markets and an overall stance that some of the Fed's conduct over roughly the past 40 years could have been more rigorous. Birmingham added that Warsh's comments on the composition of CPI in particular showed he is actively working to build internal consensus at the Fed to push a rate hike through. Investors also digested a batch of corporate earnings. Gap posted mixed quarterly results, but its shares surged 13% after the retailer appointed a new chief executive for its struggling Old Navy brand. Marvell Technology fell about 10% after issuing non-GAAP gross margin guidance for the quarter that missed market expectations.

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