Saudi Arabia, Türkiye and Pakistan promote the Mecca agreement and consider inviting Iran to join. The agreement envisages the establishment of a collective security mechanism for member states. If Iran joins, the mechanism will bring Saudi Arabia, Türkiye, Pakistan and Iran into the same security framework. Middle Eastern countries are seeking to reduce their dependence on US security guarantees, and if Gulf countries establish a diversified security and financial cooperation system, their willingness to settle oil and allocate US dollar assets in US dollars will be affected.

Triple long semiconductor ETF Direxion (SOXL) attracted a total net inflow of $7 billion in the first two weeks of July and August. As of August 24th, SOXL was reported at $111.16, a pullback of over 60% from its high of $302. This ETF tracks the New York Stock Exchange Semiconductor Index, with constituent stocks including Nvidia, Micron Technology, AMD, and Broadcom. A survey by Bank of America shows that 53% of respondents choose to go long on global semiconductors. Fidelity warns that the semiconductor profit cycle is approaching its peak, Goldman Sachs has raised its global wafer fab equipment spending forecast for 2026-2028 to $150 billion, $218 billion, and $281 billion, while JPMorgan maintains a bullish view.

China warns that US sanctions on Iran will disrupt the global economy. （Watcher.Guru）

According to Arkham monitoring, Bitwise clients have been buying SOL for 5 consecutive days, with the latest purchase amount of approximately $25 million. Since the launch of the BSOL ETF, the cumulative net purchase of SOL has been approximately $948 million.

The trading infrastructure runs on LayerZero's Zero blockchain, backed by Citadel Securities with DTCC and ICE exploring institutional market applications.