SK hynix’s board has approved a ₩40 trillion (about $28.69 billion) share buyback and said it will permanently cancel all shares repurchased once the program is completed. Based on the previous day’s closing price, the plan could cover about 24.07 million shares, or 3.3% of the company’s total shares outstanding. The buyback is set to run for three months, and the company’s market capitalization is about $1.14 trillion.

The U.S. Securities and Exchange Commission has proposed a crypto-asset framework that would set compliance-based fundraising routes for token projects. Under the proposal, issuers could raise up to $5 million over a single period lasting as long as four years, or use a larger exemption with Tier 1 capped at $20 million without an audit and Tier 2 capped at $75 million with an independent audit. Nonaccredited investors would be limited to investing 10% of annual income or net worth, while accredited investors would not face a rule-specific cap. The framework is designed to cover the full lifecycle from token issuance through a filing process that can end the token’s securities-related investment contract.

Cryptocurrencies saw a flash crash over the span of one hour. Bitcoin fell 2.5%, ether dropped 5%, Solana slid 11.5%, and XRP plunged 37%. Total derivatives liquidations across the market reached $525 million during the same period. Market analysis said the immediate trigger was an excessive buildup of leverage beforehand.

HDFC Mutual Fund said it will resume subscriptions in the HDFC Gold ETF Fund of Fund from August 14, allowing lumpsum purchases and switch-ins without restrictions. Axis Mutual Fund said it will withdraw temporary limits on its gold ETF and gold fund, and will accept large-investor subscriptions above Rs 25 crores in Axis Gold ETF from August 18, 2026. Axis also said unrestricted lumpsum subscriptions and switch-ins in Axis Gold Fund will be accepted from August 18, 2026. Tata Mutual Fund and Aditya Birla Sun Life Mutual Fund have also moved to resume subscriptions in their gold-linked schemes.

The crypto market saw a sudden wave of long-position liquidations totaling more than $500,000,000. Major assets fell at the same time, with Bitcoin down $1,900 (2.4%) and Ether down $130 (5%). XRP slid $0.28 (16.45%), while SOL fell $11.00 (11%). The selloff unfolded within minutes, sparking widespread concern about a potential extreme event.

Crypto markets saw large-scale liquidations of long positions totaling $477M over the past hour. After a near +30% rally over five trading days that lifted Bitcoin to $79,500, the price reversed sharply and retreated to around $77,000. The pullback drove total crypto liquidations to $547M, with Bitcoin-linked contracts accounting for the bulk. Bitcoin had been at its most overbought level since November 2024 before the reversal.

International gold prices have jumped more than 16% in August, while MCX Gold Futures are up nearly 14%, supported by a weaker U.S. dollar, rising safe-haven demand and seasonal buying. Dollar softness reflects growing expectations that the Federal Reserve is nearing the end of its rate-hiking cycle. With inflation concerns easing, pressure on bond yields has moderated, improving the appeal of non-yielding assets such as gold. Longer-term factors including reserve diversification and dedollarisation continue to underpin a bullish outlook.

Tirupati Foam Limited said all resolutions at its annual general meeting were passed with 100% support, including approval of the financial statements, director reappointments, a dividend declaration, cost auditor remuneration, an independent director’s term and the disposal of assets in Noida. The company reported no dissenting or invalid votes. Separately, it said net profit in Q1 FY27 rose by nearly 60% year-on-year.