Copper is trading above $14,000 per tonne, near a historic peak. China’s refined copper imports exceeded 200,000 tonnes in July, the highest monthly total in at least 12 years. LME copper stocks have fallen to a five-month low, while the cash-to-three-month spread has widened to about a $120-per-tonne backwardation from around $40 a week earlier. The market is forecasting a global refined copper deficit of about 35,000 tonnes in 2026, underscoring ongoing tightness in the physical market.

Windsor Machines reported Q1 FY27 revenue of ₹148.9 crore, up 31.4% year on year. The injection moulding division generated ₹75.7 crore in revenue, supported by India’s anti-dumping duties on imports from China and Taiwan. Other businesses, including CNC machine tools and extrusion machinery, also contributed revenue. The board approved the results on August 08, 2026, and consolidated basic EPS improved to ₹(0.10).

Delhivery reported a 65% year-on-year drop in Q1 FY27 net profit to Rs 31.9 crore, compared with Rs 91.1 crore a year earlier. Revenue from operations rose 28% to Rs 2,930.7 crore from Rs 2,294 crore. EBITDA slipped 4% as higher labour, fuel and operating costs squeezed margins.

Tokenized funds surpassed $9.0 billion in assets under management in Q1 2026, rising 181.3% year over year. Traditional asset managers and crypto-native firms are accelerating their push into onchain markets, according to a report by CoinShares and Token Terminal. The trend points to the rise of Hybrid Finance, where Wall Street products, blockchain infrastructure and digital-asset markets are increasingly converging into a single ecosystem.

Bitcoin was trading around $65,000 ahead of the weekend as macro tailwinds and headwinds pulled in opposite directions. A softer-than-expected U.S. jobs report, including a combined 103,000 downward revision to May and June, pushed Treasury yields and the dollar lower as markets trimmed the odds of a September Fed hike. At the same time, rising tensions around the Strait of Hormuz renewed worries about inflation returning via higher energy prices. U.S.-listed spot Bitcoin ETFs took in $763.7 million this week, the fastest pace of inflows since April.

Bitcoin faces the risk of a BIP-110 soft fork activation, a proposal designed to cap the amount of arbitrary data that can be included in transactions. Activation requires a 55% threshold, but as of Thursday only 2.56% of blocks signaled support. About 22.65% of nodes run the Knots client and are expected to start rejecting blocks without a specific signal beginning at block height 961,632, raising the possibility that enforcement by a minority could still trigger a network split. With Bitcoin’s market cap around $1.3 trillion, any fork would introduce significant uncertainty.

Canary XRP ETF’s Q2 Form 10-Q shows XRP fell 43% in H1 2026, with the fund’s own fair-value marks indicating a move from about $1.84 to $1.04. Over the same period, the ETF increased XRP held from 175.6M to 231.3M (+31.7%) and shares outstanding from 16.49M to 21.77M (+32%). Fair value declined from $322.9M to $241.3M, reflecting the price drop rather than redemptions. The increase in shares outstanding indicates authorized participants continued creating new baskets, pointing to capital coming in during the drawdown, according to SEC EDGAR and the Canary XRP ETF Form 10-Q (period ended 6/30/2026).

In the second quarter of 2026, applications on Ethereum generated about $1.79 billion in fees, but the base layer retained only $88.4 million, or 4.9%, widening the gap in value capture. ETH has remained below $2,000, roughly 60% off its 2025 all-time high. Only around 0.22 ETH was burned via blob fees over a recent seven-day period, weakening the earlier “ultrasound money” narrative. Even so, institutional activity on Ethereum continues to expand, contrasting with the token’s muted price performance.