Preliminary U.K. GDP data show the economy grew 0.3% in Q2, above the 0.1% estimate but slowing from Q1's 0.7% expansion. #UKGDP #FiatNews

U.S. Treasury Secretary Scott Bessent said the White House might extend the revenue-sharing deal used for chip sales in China to other sectors. AMD and Nvidia agreed to remit 15% of their Chinese revenues from sales of advanced AI chips H20 and MI308 to the U.S. government. #AMD #NVDA #FiatNews

Bitcoin hit a fresh record Thursday morning, topping $124,000 for the first time (surpassing the mid-July high of $123,500). AFP cites supportive U.S. legislation, institutional investor demand and rising U.S. equities as drivers of the rally. #Bitcoin #BTC #FiatNews

Geopolitics & events: President Trump said the upcoming Alaska summit with Vladimir Putin will not address potential territorial concessions by Ukraine, noting such topics could be discussed at a future summit with Ukraine present. He also said he will soon nominate a new Fed chair, with 3–4 candidates under consideration. After US markets close, Cisco will report quarterly results; Australian jobs data are due during the Asian session. #CSCO #FiatNews

Cryptocurrencies: Ethereum climbed more than 2% to $4,700, nearing its 2021 bull-market highs. Standard Chartered analysts see upside to $7,500 this year, citing higher on-chain settlement volumes for Ethereum. Bitcoin is consolidating around $120,000. #ETH #BTC #FiatNews

China equities and Alibaba: Chinese stocks are performing strongly in US trading; Alibaba (#BABA) gained over 3%. Futures on the HSCEI rose more than 2.5% amid improving US–China sentiment and hopes for a pickup in Chinese demand. #FiatNews

Natural gas: Henry Hub futures rebounded nearly 2% after recent declines. US gas inventories remain high at about 3,100 bcf, and August is the coolest in eight years so far. A developing Atlantic hurricane could further lower temperatures on the US East Coast. #NATGAS #FiatNews

Oil: Crude prices fell ahead of Friday’s Trump–Putin meeting. US DOE data showed crude inventories rose by ~3 million barrels, well above estimates, weighing on WTI and pushing it below a key support level. #WTI #FiatNews

Eurozone inflation notes: Germany’s preliminary July inflation matched expectations at 2.0% YoY. Spain’s inflation rose to 2.7% YoY, a development that reduces the likelihood of further ECB rate cuts this year. #FiatNews

Poland GDP: Q2 GDP grew 3.4% year-on-year, matching expectations and up from 3.2% previously. Quarter-on-quarter growth was 0.8%, slightly below estimates. The government’s 2025 growth target of 3.7% could help push the budget deficit below 6.0%. #FiatNews