TD COWEN lowers Tesla's target price from $490 to $460

Due to rising oil prices and inflation concerns, the market has raised expectations for the Bank of England to raise interest rates in 2026. The conflict in the Middle East has intensified, and investors expect high inflation. The Bank of England has raised interest rates to cope with inflationary pressures. The market expects the Bank of England to raise interest rates by 25 basis points in November, with a 93% chance of a rate hike in December. Last week, the market expected the Bank of England to raise interest rates by a total of 38 basis points in 2026.

The spot gold price fell below $4090 per ounce, with a intraday decline of 1.05%.

BitMEX will officially close on September 23rd, and new account registrations will be suspended from today onwards. BitMEX will implement risk limits starting from August 26th, and users can only reduce their positions. BitMEX will force the liquidation of existing open positions. The board of directors of HDR Global Trading Limited has decided to close the exchange.

Coinbase officially opens its Singapore office located in One Raffles Quay. Hassan Ahmed, the head of Coinbase Singapore, stated that the company plans to increase the number of Singapore employees from around 150 to around 200 by the end of 2026, with a focus on recruitment for engineering, customer service, customer relationship management, and institutional sales positions.

[BitMEX to Close Exchange on September 23, 2026, New User Registration Halted] BitMEX will close its exchange on September 23, 2026, at 12:00 (UTC+8) and has stopped new account registrations. Users are required to close open positions and withdraw funds. Starting from August 26, 12:00 (UTC+8), BitMEX will prohibit opening new positions, only allowing position reductions, and will gradually enforce liquidation of existing positions. After closure, certified users who have not withdrawn their assets will be charged an account fee of $50 per month or an annualized rate of 1% (whichever is higher). BitMEX reminds users to be vigilant against phishing and fraudulent priority withdrawal scams.