News
Latest financial news from Reuters, CoinDesk, and leading wire services
Harvard Launches $699 Startup Bootcamp Featuring AI Instructor Avatars
Harvard's HBS Foundry introduces a $699 startup bootcamp using AI avatars to provide feedback during practice pitches and meetings.
UK AI Lab Inherent Launches Faraday, Surpassing Anthropic and OpenAI in Scientific Paper Replication
UK-based AI lab Inherent has released Faraday, an AI agent that outperforms Anthropic and OpenAI in replicating scientific research papers, according to TechCrunch.
OpenAI Reverses Stance, Urges California to Strengthen AI Safety Bill SB 53
OpenAI has reversed its position and is now urging California to strengthen the AI safety bill SB 53 it once opposed.
BitMart Considers Partial Restart and Creditor Payments After Shutdown Announcement
BitMart is evaluating a partial reopening and creditor repayments weeks after announcing its shutdown, according to CoinDesk.
Sandbox Halts Bridging with Base and BNB Chains After Security Incident
Sandbox has paused bridging with Base and BNB chains after an exploit to safeguard its Web3 gaming network, CoinDesk reports.
Bitcoin and Ether Rally as Musk's X Plans Stablecoin Payments for Creators
Bitcoin and Ether surged amid a squeeze rally, while Musk's X aims to pay creators in stablecoins, signaling evolving crypto adoption.
Kalshi Faces State Restrictions as CFTC Strengthens Oversight of Prediction Markets
Kalshi is restricted in multiple states as the CFTC increases regulatory enforcement on prediction markets, according to CoinDesk.
Study Finds AI Agents Improve Mainly Through Structured Workflows, Not Expanded Skill Sets
Research shows AI agents improve mainly through structured workflows, but expanding skill libraries complicate instruction selection.
New Mental World Modeling Framework Enhances AI Understanding by Adding Human Beliefs and Intentions
A new research framework called Mental World Modeling improves AI by adding human mental variables, surpassing traditional models that ignore beliefs and intentions.
RayNeo Unveils AI Headset Focused on Text Overlays Without Camera or Speakers
RayNeo is launching an AI headset focused on text overlays, omitting cameras and speakers, according to The Decoder.
UK Researchers Expose Flaws in AI Language Model Safety Benchmarks
UK AI researchers found major flaws in language model safety tests, warning of inflated safety scores and proposing improved evaluation methods.
Treasury Buyback Adjustment Spurs Rapid 25% Bitcoin Rally Near $80,000
A Treasury buyback tweak helped bitcoin surge 25% to nearly $80,000 within days, CoinDesk reported.
Zcash Surges 48% Above $800 on Grayscale’s Spot ETF Momentum
Zcash price jumped 48% to over $800 amid Grayscale’s spot ETF efforts, fueling renewed interest in the privacy coin.
Chinese Brand Songmont Launches First Overseas Pop-Up in Bangkok
Chinese handbag brand Songmont has launched its first pop-up store overseas in Bangkok's CentralWorld, signaling regional retail expansion.
AUD/USD Gains as US Treasury Announces Long-Term Bond Buyback
The AUD/USD rose sharply after the US Treasury's announcement of a long-term bond buyback, pushing the US dollar lower and lifting the Australian dollar this week.
Mexican Peso Hits Two-Year Peak Against US Dollar Amid Mixed Economic Signals
The Mexican Peso reached a two-year high against the US Dollar despite weaker retail sales, supported by gains in the services sector, according to FX Street.
USD/CHF Ends Week Lower Despite Friday Gains Amid US Yield Drops
USD/CHF posted a small gain on Friday but closed the week lower due to falling US Treasury yields amid efforts to control 30-year bond rates.
US Treasury Yields Rise on Bond Buyback and Strong Business Activity
US Treasury yields have risen following a bond buyback announcement and strong business activity data, supporting a rebound in government debt markets.
TechCrunch Finds Anthropic’s Claude AI Can Be Prompted to Bypass Content Restrictions
TechCrunch reported that Anthropic’s Claude AI can be prompted to produce sexually explicit content despite restrictions.
Nvidia Forms Partnership with Data Center Developer Cloverleaf
Nvidia has partnered with data center developer Cloverleaf to advance data infrastructure capabilities, according to TechCrunch.
Crypto Advocates Challenge Illinois Digital Asset Tax in Court
Crypto advocates are suing Illinois over a digital asset tax, signaling legal challenges to crypto taxation policies.
DBS Economists Anticipate Bank of Korea Rate Hike to 3.00% in August
DBS economists expect the Bank of Korea to raise its base rate to 3.00% in August amid upgraded growth and inflation forecasts.
US Dollar Index Holds Near 98.80 After Midweek Dip
The US Dollar Index rebounded from a midweek dip, finishing the week near 98.80, signaling steady dollar strength heading into next week.
Bitget CEO Predicts Bitcoin Price Range and US Government Stance Through 2025
Bitget CEO Gracy Chen expects Bitcoin to remain between $10,000 and $20,000 by year-end and sees no US government Bitcoin purchases likely within two years.
Malaysia’s July Exports Surge 38% Driven by Electronics and Machinery Demand
Malaysia's exports rose 38% in July, led by electronics and machinery, marking four months of strong growth supported by demand from the US and China.
Ray Dalio Advises Investors to Favor Bitcoin and Gold Over Bonds Amid Debt Concerns
Ray Dalio suggests prioritizing Bitcoin and gold over bonds to hedge against a potential debt crisis, according to CoinTelegraph.
US Dollar Holds Steady Near 159 Against Japanese Yen on Friday
The US Dollar traded quietly near 159 against the Japanese Yen on Friday, reflecting a cautious market environment.
Silver Prices Advance for Third Day, Posting Strong Weekly Gains
Silver prices rose for the third straight day on Friday, gaining over 2% and more than 7.40% for the week, according to FX Street.
CFTC Bans Trading for Former Alameda and FTX Executives Amid US Legal Moves
The CFTC banned trading for former Alameda and FTX executives while US prosecutors opposed a motion from a US soldier accused of profiting from the removal of Nicolas Maduro, signaling heightened legal scrutiny in crypto.
Bitcoin Volatility Declines as BTC Hits Highest Level Since Mid-May; Gold Nears Three-Month Peak
Bitcoin's volatility eased as BTC reached a mid-May high, while gold approached three-month highs, signaling shifts in investor sentiment.