US Dollar

Markets · 1 month ago Anthropic Assembles Custom Silicon Team to Enhance AI Chip Development Anthropic is forming an in-house custom silicon team to design AI chips tailored for its Claude models, following a trend among leading AI labs.

Markets · 1 month ago OnlyMarms Token Revives 64-Year Marmot Research Project After Funding Cuts The OnlyMarms memecoin has raised over $120,000 to support a long-running marmot research project that lost federal funding. This unique initiative highlights the potential of cryptocurrency to fund scientific endeavors.

Business · 1 month ago South Korea Establishes Future Response Fund to Invest in Youth and AI The South Korean government is launching a Future Response Fund to allocate semiconductor tax revenues towards youth employment, housing, and AI infrastructure, aiming for long-term economic stability.

Mining · 1 month ago Ionic Digital Reports Shift to AI Leasing with 90% Revenue from New Contracts Ionic Digital's transition to AI infrastructure leasing has resulted in 90% of its Q2 revenue coming from this segment, as Bitcoin holdings contributed to a significant loss.

Macro · 1 month ago Walmart Reports Rare Sales Miss, Stock Drops 8% Amid Consumer Spending Concerns Walmart's recent earnings report revealed a rare sales miss, leading to an 8% drop in stock value as concerns about consumer spending intensify.

Custody · 1 month ago Bitcoin.com Integrates UAE's First Central Bank-Registered Stablecoin USDU Bitcoin.com has announced the integration of USDU, the UAE's first central bank-registered stablecoin, into its wallet, allowing users to hold and transact with the token on Ethereum.

Stablecoins · 1 month ago CZ Advocates for Stablecoins to Reduce Remittance Costs at ASEAN Tech Summit Changpeng Zhao, co-founder of Binance, highlighted the potential of stablecoins to significantly lower cross-border remittance fees during the ASEAN Tech Summit in Manila.

Markets · 1 month ago Micron Technology Shares Drop Amid Semiconductor Sector Retreat Micron Technology's stock fell over 8% as part of a broader decline in the semiconductor sector, raising concerns about the sustainability of AI-related investments.

Derivatives · 1 month ago Hyperliquid Policy Center Proposes Regulatory Framework for Pre-IPO Perpetual Contracts The Hyperliquid Policy Center and trade[XYZ] have petitioned the SEC to establish a regulatory framework for pre-IPO perpetual contracts, aiming to enhance price discovery for upcoming public listings.

Macro · 1 month ago Reserve Bank of India Cuts Forex Deposit Incentive Deadline, Surprises Markets The Reserve Bank of India has unexpectedly ended its special forex swap facility for Foreign Currency Non-Resident deposits a month early, creating turmoil among bankers and traders.

Macro · 1 month ago Gold Prices Rise as Dollar Weakens Amid Lower Fed Rate Hike Expectations Gold prices have increased following a decline in U.S. dollar strength and reduced expectations for Federal Reserve interest rate hikes, making the metal more affordable for international buyers.

Stablecoins · 1 month ago U.S. Government Enacts GENIUS Act for Stablecoin Regulation The U.S. has passed the GENIUS Act, establishing a federal framework for payment stablecoins, aiming to enhance regulatory clarity and bolster the U.S. dollar's global position.

Stablecoins · 1 month ago Tether Expands into AI with QVAC Platform, Surpasses 650 Million Users Tether has announced plans to launch AI applications targeting developing markets, as its user base exceeds 650 million wallets. The initiative is part of a broader strategy to diversify beyond stablecoin issuance.

Companies · 1 month ago BitMart Founder Plans Police Involvement Amid Employee Salary Disputes BitMart's founder, Sheldon Xia, intends to report allegations of unpaid salaries to law enforcement as the exchange faces mounting complaints from users and former employees during its shutdown.

Macro · 1 month ago AI Hyperscalers Accelerate Borrowing to Fund Infrastructure Amid Rising Treasury Spending Major tech companies are ramping up borrowing for AI infrastructure, surpassing Wall Street forecasts amid increased U.S. Treasury spending.

Macro · 1 month ago Central Banks Shift Reserves to Gold Amid Geopolitical Tensions Recent data reveals that central banks globally are prioritizing gold over U.S. Treasuries for the first time since the mid-1990s, driven by geopolitical tensions, particularly the conflict involving Iran.

Macro · 1 month ago Asian Currencies Strengthen as Fed Rate Hike Expectations Diminish Asian currencies, including the yen and baht, are gaining strength as expectations for U.S. Federal Reserve rate hikes wane, influenced by recent economic data.

Macro · 1 month ago US Dollar's 55-Year Fiat Status Increases Gold's Safe Haven Appeal The US dollar marks 55 years as a fiat currency, enhancing gold's attractiveness as a safe haven asset amid market fluctuations.

Macro · 1 month ago Iran Faces Severe Inflation and Economic Strain Amid US Tensions Iran's inflation has surged to 87.9%, with food prices soaring to 105%, exacerbated by ongoing US-Iran tensions. The rial continues to weaken significantly against the dollar.

Derivatives · 1 month ago Mark Cuban Predicts Chips Will Become the Next Major Asset Class Billionaire investor Mark Cuban asserts that chips will emerge as the new crypto asset class, coinciding with the launch of regulated futures for computing power in the U.S. market.