According to CNBC, Nestle is raising prices, reformulating products and cutting items that consumers are unwilling to pay more for as it deals with higher energy, freight and raw material costs following the conflict in the Middle East, CEO Philipp Navratil told Reuters. He said the war has had little direct effect on sales, but it is adding inflationary pressure for suppliers. The Middle East accounts for about 2% to 3% of Nestle's roughly 90 billion Swiss francs ($111 billion) in total sales. Navratil said the company may also buy brands as it reviews its portfolio, after recently selling a stake in its bottled water business and exiting vitamins. He also said food manufacturers should be involved in discussions over proposed front-of-pack sugar, salt and fat warning labels in India. Navratil said Nestle has removed thousands of tons of sugar, salt and fat from its products and argued that labeling should reflect portion sizes.

European Central Bank President Christine Lagarde said second-quarter economic growth showed resilience despite the adverse impact of the energy shock. According to Sina Finance, she said at a Thursday news conference in Berlin that growth was broad-based across countries and sectors and may have continued into the third quarter. Lagarde said the outlook for economic growth has improved recently, while employment growth continues to slow. She said growth faces downside risks, especially because of the conflict in the Middle East and Russia's war against Ukraine, and that inflation will remain well above target until the first half of 2027. She also said the inflation outlook faces upside risks and that an energy shock could intensify further, with its effects on other prices and wages potentially stronger than currently expected. Lagarde said the meeting focused on the latest policy decision and did not discuss the future policy path. She said the rate hike decision was unanimous and that she had nothing to announce about her future. Lagarde added that the ECB's 25-basis-point rate hike held up under mild, adverse, and severe scenarios, with energy prices the main shock source under review.

According to Jin10, U.S. July wholesale inventories final month-over-month rose 1.3%, matching expectations and the previous reading of 1.30%.

According to Jin10, U.S. August existing-home sales totaled an annualized 3.98 million units, matching expectations and down from 4.06 million previously.

European financial and crypto industry groups have urged EU lawmakers to remove limits on tokenized securities or set a ceiling of at least 1.5 trillion euros. According to NS3.AI, the request was made in a letter sent to the European Council and European Parliament. The groups said a proposed 100 billion-euro cap would restrict growth in the sector. They argued that a higher limit, or no cap at all, would better support the development of tokenized securities across the EU.

Sales of previously owned US homes slowed last month to their weakest pace in more than a year as would-be buyers waited for relief on mortgage rates before purchasing, according to Bloomberg.

Hyperbot data showed that Huang Licheng, known as Machi Big Brother, had his Bitcoin long position fully liquidated about one hour ago after Bitcoin prices fell, resulting in a loss of about $260,000. According to Odaily, his overall position value is about $87.11 million, with an unrealized loss of $1.469 million. His 25x leveraged Ethereum long holds 33,000 ETH, with a position value of $80.124 million and an unrealized loss of $1.076 million. His 10x leveraged HYPE long holds 86,000 HYPE, with a position value of $6.99 million and an unrealized loss of $393,000.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Japan's government bond yield has broken through 3% for the first time in 30 years, triggering global alarms.

An AI token worth watching ahead of Anthropic's IPO.

An unusual withdrawal of approximately $320 million has put Liquid Network in the spotlight.

LAPTOP gave 2% of its tokens to some of the TRUMP loss addresses, as if to compensate for the previous stumble; however, the extremely thin initial liquidity and asymmetric token distribution brought the injured back to the familiar trap of celebrity coins.

The pairing of cryptocurrencies with stocks is no longer an isolated phenomenon of a single public chain, but rather an industry-wide narrative where three mainstream public chains—Robinhood Chain, Solana, and BNB Chain—are almost simultaneously following suit.

Bessant made high-profile statements this week to suppress yen short sellers, while simultaneously expanding the cap on US Treasury repurchase agreements to $6 billion. As a result, the yen rose, but US Treasury bonds fell.

The real test is not whether ZEC can reach a new high, but whether the market is willing to buy it at today's price after short sellers are no longer forced to stop losses and profit-taking begins.

The attackers allegedly didn’t exploit Bitcoin, crack a wallet or break its cryptography. They impersonated trusted companies, manipulated a victim and obtained the credentials needed to take more than $245 million in cryptocurrency.

The transaction volume has achieved a leap in scale, the business weight of TradeFi has been restructured, and major platforms are engaging in a multi-dimensional power struggle.