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AI is speeding up the quantum threat to crypto, security experts warnResearchers and builders believe that artificial intelligence may be accelerating the quantum timeline and forcing a broader rethink of how digital security works.
he crypto industry has spent years debating whether quantum computing poses an existential threat to blockchains like Bitcoin and Ethereum. Now, researchers and builders believe artificial intelligence may be accelerating that timeline, and forcing a broader rethink of how digital security works altogether.
Leaders working on post-quantum cryptography and blockchain security described a rapidly changing landscape in which AI is simultaneously becoming a weapon for attackers, a defensive tool for developers, and an accelerator of quantum computing research.
The security landscape of the future is going to be different,” said Alex Pruden, CEO of Project Eleven, a company focused on quantum-resistant infrastructure for crypto.
Between quantum and AI, we’re going to go into a world where security, and this is more broadly than just crypto, you simply cannot count on the way you’ve always done things,” Pruden said.
The convergence of AI and quantum computing has become increasingly urgent following warnings from major technology firms and researchers that cryptographically relevant quantum computers may arrive sooner than previously expected. While experts remain divided on exactly when a quantum computer capable of breaking modern encryption will emerge, many believe AI could dramatically compress development timelines.
AI is definitely being used to accelerate the development of quantum computing,” Pruden said. Researchers are already using machine learning systems to optimize quantum error correction, one of the field’s biggest engineering bottlenecks.
Illia Polosukhin, co-founder of NEAR Protocol and a former Google AI researcher, said AI has already been accelerating scientific discovery for years.
NEAR recently announced plans to integrate post-quantum cryptography directly into its account infrastructure, allowing users to rotate cryptographic schemes without migrating assets to entirely new wallets. “Back in 2018, when we were designing [NEAR], we were like: ‘Hey, quantum will come, we should have an easy way to do it,’” Polosukhin said.
Still, the transition remains technically difficult. Post-quantum cryptographic systems are often significantly larger and slower than current standards. “The cryptography that’s currently standardized for post-quantum is very big and slow,” Polosukhin said.
The broader implication, according to researchers, is that both AI and quantum computing are undermining a foundational assumption of the digital age: that encryption remains reliable for long periods.
Instead, security may increasingly become an adaptive, continuously evolving process, in which systems must constantly upgrade just to survive.
#BinanceTurns9 #SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#OilFalls
#IMFWarnsTokenizationShiftsRiskToCode
AI is speeding up the quantum threat to crypto, security experts warn
Researchers and builders believe that artificial intelligence may be accelerating the quantum timeline and forcing a broader rethink of how digital security works.
he crypto industry has spent years debating whether quantum computing poses an existential threat to blockchains like Bitcoin and Ethereum. Now, researchers and builders believe artificial intelligence may be accelerating that timeline, and forcing a broader rethink of how digital security works altogether.
Leaders working on post-quantum cryptography and blockchain security described a rapidly changing landscape in which AI is simultaneously becoming a weapon for attackers, a defensive tool for developers, and an accelerator of quantum computing research.
The security landscape of the future is going to be different,” said Alex Pruden, CEO of Project Eleven, a company focused on quantum-resistant infrastructure for crypto.
Between quantum and AI, we’re going to go into a world where security, and this is more broadly than just crypto, you simply cannot count on the way you’ve always done things,” Pruden said.
The convergence of AI and quantum computing has become increasingly urgent following warnings from major technology firms and researchers that cryptographically relevant quantum computers may arrive sooner than previously expected. While experts remain divided on exactly when a quantum computer capable of breaking modern encryption will emerge, many believe AI could dramatically compress development timelines.
AI is definitely being used to accelerate the development of quantum computing,” Pruden said. Researchers are already using machine learning systems to optimize quantum error correction, one of the field’s biggest engineering bottlenecks.
Illia Polosukhin, co-founder of NEAR Protocol and a former Google AI researcher, said AI has already been accelerating scientific discovery for years.
NEAR recently announced plans to integrate post-quantum cryptography directly into its account infrastructure, allowing users to rotate cryptographic schemes without migrating assets to entirely new wallets. “Back in 2018, when we were designing [NEAR], we were like: ‘Hey, quantum will come, we should have an easy way to do it,’” Polosukhin said.
Still, the transition remains technically difficult. Post-quantum cryptographic systems are often significantly larger and slower than current standards. “The cryptography that’s currently standardized for post-quantum is very big and slow,” Polosukhin said.
The broader implication, according to researchers, is that both AI and quantum computing are undermining a foundational assumption of the digital age: that encryption remains reliable for long periods.
Instead, security may increasingly become an adaptive, continuously evolving process, in which systems must constantly upgrade just to survive.
#BinanceTurns9 #SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#OilFalls
#IMFWarnsTokenizationShiftsRiskToCode
he crypto industry has spent years debating whether quantum computing poses an existential threat to blockchains like Bitcoin and Ethereum. Now, researchers and builders believe artificial intelligence may be accelerating that timeline, and forcing a broader rethink of how digital security works altogether.
Leaders working on post-quantum cryptography and blockchain security described a rapidly changing landscape in which AI is simultaneously becoming a weapon for attackers, a defensive tool for developers, and an accelerator of quantum computing research.
The security landscape of the future is going to be different,” said Alex Pruden, CEO of Project Eleven, a company focused on quantum-resistant infrastructure for crypto.
Between quantum and AI, we’re going to go into a world where security, and this is more broadly than just crypto, you simply cannot count on the way you’ve always done things,” Pruden said.
The convergence of AI and quantum computing has become increasingly urgent following warnings from major technology firms and researchers that cryptographically relevant quantum computers may arrive sooner than previously expected. While experts remain divided on exactly when a quantum computer capable of breaking modern encryption will emerge, many believe AI could dramatically compress development timelines.
AI is definitely being used to accelerate the development of quantum computing,” Pruden said. Researchers are already using machine learning systems to optimize quantum error correction, one of the field’s biggest engineering bottlenecks.
Illia Polosukhin, co-founder of NEAR Protocol and a former Google AI researcher, said AI has already been accelerating scientific discovery for years.
NEAR recently announced plans to integrate post-quantum cryptography directly into its account infrastructure, allowing users to rotate cryptographic schemes without migrating assets to entirely new wallets. “Back in 2018, when we were designing [NEAR], we were like: ‘Hey, quantum will come, we should have an easy way to do it,’” Polosukhin said.
Still, the transition remains technically difficult. Post-quantum cryptographic systems are often significantly larger and slower than current standards. “The cryptography that’s currently standardized for post-quantum is very big and slow,” Polosukhin said.
The broader implication, according to researchers, is that both AI and quantum computing are undermining a foundational assumption of the digital age: that encryption remains reliable for long periods.
Instead, security may increasingly become an adaptive, continuously evolving process, in which systems must constantly upgrade just to survive.
#BinanceTurns9 #SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#OilFalls
#IMFWarnsTokenizationShiftsRiskToCode
283
Article
Ether leads crypto's hold above key levels as bitcoin steadies over $63,000A stalling rebound in AI and chip stocks and a stronger dollar kept the mood cautious as the second half gets underway
ther (ETH) led crypto majors into Monday as bitcoin held above $63,000, steadying after a week that pulled it off its lows and back to its highest in more than a month.
Bitcoin traded around $63,207, little changed on the day but up 5.5% over seven days, per CoinDesk data. Ether was the stronger performer over the week, up 12.4% to about $1,777, while BNB and dogecoin each gained around 5.5%. Solana held near $80.77 with an 11.2% weekly rise and Hyperliquid's HYPE led the majors, up 14.6% on the week. XRP traded at $1.14, up 9.4% over seven days.
The gains held even as the backdrop turned cautious. A rebound in semiconductor and technology shares lost steam, reviving doubts about how durable this year's AI-driven rally is. South Korea's Kospi fell 1.4% as Samsung Electronics and SK Hynix declined, and an MSCI gauge of Asian chipmakers slipped.
Brent crude fell 0.6% to about $71.70 a barrel, easing some inflation pressure ahead of the U.S. price data due later this month.
The dollar strengthened against all its major peers, a headwind for crypto that has tracked the currency's moves through the past quarter.
That crypto stayed firm while the AI trade wobbled is the shift worth watching. For most of the past quarter, money has rotated out of crypto and into chip and AI stocks, and cracks in that trade tended to pull the token amrket down with the rest of risk.
Bitcoin begins the week having recovered the ground it lost in late June, with the next move likely to hinge on the coming inflation print and whether the majors can hold up as U.S. trading returns to full volume. Traders may assess the hold above $63,000 as the recovery's first real sign of staying power, though a still-strong dollar and an uncertain AI trade leave the market without a clear catalyst to push higher.
#SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#OilFalls
#SpotGoldTops$4200
#AsianPCBStocksSlideOnNvidiaAIServerDelay
Ether leads crypto's hold above key levels as bitcoin steadies over $63,000
A stalling rebound in AI and chip stocks and a stronger dollar kept the mood cautious as the second half gets underway
ther (ETH) led crypto majors into Monday as bitcoin held above $63,000, steadying after a week that pulled it off its lows and back to its highest in more than a month.
Bitcoin traded around $63,207, little changed on the day but up 5.5% over seven days, per CoinDesk data. Ether was the stronger performer over the week, up 12.4% to about $1,777, while BNB and dogecoin each gained around 5.5%. Solana held near $80.77 with an 11.2% weekly rise and Hyperliquid's HYPE led the majors, up 14.6% on the week. XRP traded at $1.14, up 9.4% over seven days.
The gains held even as the backdrop turned cautious. A rebound in semiconductor and technology shares lost steam, reviving doubts about how durable this year's AI-driven rally is. South Korea's Kospi fell 1.4% as Samsung Electronics and SK Hynix declined, and an MSCI gauge of Asian chipmakers slipped.
Brent crude fell 0.6% to about $71.70 a barrel, easing some inflation pressure ahead of the U.S. price data due later this month.
The dollar strengthened against all its major peers, a headwind for crypto that has tracked the currency's moves through the past quarter.
That crypto stayed firm while the AI trade wobbled is the shift worth watching. For most of the past quarter, money has rotated out of crypto and into chip and AI stocks, and cracks in that trade tended to pull the token amrket down with the rest of risk.
Bitcoin begins the week having recovered the ground it lost in late June, with the next move likely to hinge on the coming inflation print and whether the majors can hold up as U.S. trading returns to full volume. Traders may assess the hold above $63,000 as the recovery's first real sign of staying power, though a still-strong dollar and an uncertain AI trade leave the market without a clear catalyst to push higher.
#SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#OilFalls
#SpotGoldTops$4200
#AsianPCBStocksSlideOnNvidiaAIServerDelay
ther (ETH) led crypto majors into Monday as bitcoin held above $63,000, steadying after a week that pulled it off its lows and back to its highest in more than a month.
Bitcoin traded around $63,207, little changed on the day but up 5.5% over seven days, per CoinDesk data. Ether was the stronger performer over the week, up 12.4% to about $1,777, while BNB and dogecoin each gained around 5.5%. Solana held near $80.77 with an 11.2% weekly rise and Hyperliquid's HYPE led the majors, up 14.6% on the week. XRP traded at $1.14, up 9.4% over seven days.
The gains held even as the backdrop turned cautious. A rebound in semiconductor and technology shares lost steam, reviving doubts about how durable this year's AI-driven rally is. South Korea's Kospi fell 1.4% as Samsung Electronics and SK Hynix declined, and an MSCI gauge of Asian chipmakers slipped.
Brent crude fell 0.6% to about $71.70 a barrel, easing some inflation pressure ahead of the U.S. price data due later this month.
The dollar strengthened against all its major peers, a headwind for crypto that has tracked the currency's moves through the past quarter.
That crypto stayed firm while the AI trade wobbled is the shift worth watching. For most of the past quarter, money has rotated out of crypto and into chip and AI stocks, and cracks in that trade tended to pull the token amrket down with the rest of risk.
Bitcoin begins the week having recovered the ground it lost in late June, with the next move likely to hinge on the coming inflation print and whether the majors can hold up as U.S. trading returns to full volume. Traders may assess the hold above $63,000 as the recovery's first real sign of staying power, though a still-strong dollar and an uncertain AI trade leave the market without a clear catalyst to push higher.
#SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#OilFalls
#SpotGoldTops$4200
#AsianPCBStocksSlideOnNvidiaAIServerDelay
36
Article
Banks have stopped asking if stablecoins belong in finance, now they're considering howFinancial institutions are racing to become the secure gateways for stablecoins as digital asset volume is projected to explode by 2030.
hen Standard Chartered (STAN) said it would offer institutional clients direct access to minting and redeeming Circle Internet's (CRCL) USDC this week, it wasn't simply adding another digital asset service.
Rather, it was joining a growing list of global financial institutions building product offerings around stablecoins, the fiat-pegged tokens that were once retail investors' refuge from crypto-market volatility and are increasingly becoming part of the plumbing of financial institutions worldwide. Chainalysis estimates stablecoin settlement volumes could reach a quadrillion dollars a year by 2030.
Standard Chartered’s announcement came just days after BNY, the world's largest custody bank, expanded its support for USDC by allowing institutional clients to custody, mint and redeem the stablecoin using its infrastructure rather than building their own. Both Standard Chartered and BNY, which has $59 trillion in assets under management, are considered global systemically important banks by the Bank for International Settlements' Basel Committee.
Their decisions reflect a pattern among some lenders toward using established stablecoin networks rather than creating their own. The moves also suggest the conversation inside banking has shifted. The question is no longer whether stablecoins belong in finance, but how banks fit into the networks forming around them.
Banks aren't asking whether they'll use stablecoins anymore. They're deciding how they'll use them," said Andrew MacKenzie, the founder and CEO of Scotland-based stablecoin issuer Agant, in an interview.
The discussion intensified this week after Circle CEO Jeremy Allaire responded to the introduction of OpenUSD, a rival stablecoin backed by companies including Coinbase (COIN), payments company Stripe and asset manager BlackRock (BLK). Allaire said USDC's position rests on nearly a decade of building liquidity, banking relationships and regulatory approvals.
Adrian Cachinero Vasiljevic, a co-founder and partner at Steakhouse Financial, which advises institutions on decentralized finance, agrees that the surrounding ecosystem is key.
The network is what creates the value," he said in an interview. "The stablecoin itself becomes almost secondary.
Even so, new stablecoins continue to appear, especially in Europe where there's less of an established network and there's concern about the preponderance of dollar-pegged tokens, which account for more than 99% of the total stablecoin market cap.
Jan-Oliver Sell, CEO of Qivalis, a group of 37 European financial institutions developing the Euro On-Chain (EUOC) stablecoin, noted that Europe already has regulatory oversight under the Markets in Crypto-Assets (MiCA) framework. What it lacks is enough euro-denominated liquidity to keep settlement activity from migrating to dollar-backed stablecoins.
"If we don't have a euro on the blockchain, the banks will use the dollar because it's there, it's available and it has a lot of liquidity," Sell told CoinDesk. Rather than each bank issuing its own euro stablecoin, Qivalis is encouraging them to work together in a single shared network.
Sell said Qivalis is not trying to compete directly with USDC. Its goal is to give European banks, businesses and payment firms a regulated euro alternative as tokenized finance expands. That would allow institutions to settle in euros rather than converting assets into dollars and back again.
As more banks join, the consortium also benefits from the same network effects driving USDC's adoption. "The more banks we have in the consortium, the better. Our network has stronger network effects," Sell said.
That may be the impetus for introducing non-dollar stablecoins, such as Societe Generale's EUR CoinVertible (EURCV), Credit Agricole's EURXT and Qivalis' impending offering. But existing is insufficient. It's how the bank deploys the stablecoin to its customers that will determine its success.
Anybody can issue a stablecoin," said Steakhouse Financial's Cachinero Vasiljevic. "But if nobody uses the stablecoin, the stablecoin is worthless. The value of the stablecoin is the network."
#SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#LuxshareToPriceHKListingAtTop
#SKHynixSaysFundsEyeUpTo$7BInADRs
#OilFalls
Banks have stopped asking if stablecoins belong in finance, now they're considering how
Financial institutions are racing to become the secure gateways for stablecoins as digital asset volume is projected to explode by 2030.
hen Standard Chartered (STAN) said it would offer institutional clients direct access to minting and redeeming Circle Internet's (CRCL) USDC this week, it wasn't simply adding another digital asset service.
Rather, it was joining a growing list of global financial institutions building product offerings around stablecoins, the fiat-pegged tokens that were once retail investors' refuge from crypto-market volatility and are increasingly becoming part of the plumbing of financial institutions worldwide. Chainalysis estimates stablecoin settlement volumes could reach a quadrillion dollars a year by 2030.
Standard Chartered’s announcement came just days after BNY, the world's largest custody bank, expanded its support for USDC by allowing institutional clients to custody, mint and redeem the stablecoin using its infrastructure rather than building their own. Both Standard Chartered and BNY, which has $59 trillion in assets under management, are considered global systemically important banks by the Bank for International Settlements' Basel Committee.
Their decisions reflect a pattern among some lenders toward using established stablecoin networks rather than creating their own. The moves also suggest the conversation inside banking has shifted. The question is no longer whether stablecoins belong in finance, but how banks fit into the networks forming around them.
Banks aren't asking whether they'll use stablecoins anymore. They're deciding how they'll use them," said Andrew MacKenzie, the founder and CEO of Scotland-based stablecoin issuer Agant, in an interview.
The discussion intensified this week after Circle CEO Jeremy Allaire responded to the introduction of OpenUSD, a rival stablecoin backed by companies including Coinbase (COIN), payments company Stripe and asset manager BlackRock (BLK). Allaire said USDC's position rests on nearly a decade of building liquidity, banking relationships and regulatory approvals.
Adrian Cachinero Vasiljevic, a co-founder and partner at Steakhouse Financial, which advises institutions on decentralized finance, agrees that the surrounding ecosystem is key.
The network is what creates the value," he said in an interview. "The stablecoin itself becomes almost secondary.
Even so, new stablecoins continue to appear, especially in Europe where there's less of an established network and there's concern about the preponderance of dollar-pegged tokens, which account for more than 99% of the total stablecoin market cap.
Jan-Oliver Sell, CEO of Qivalis, a group of 37 European financial institutions developing the Euro On-Chain (EUOC) stablecoin, noted that Europe already has regulatory oversight under the Markets in Crypto-Assets (MiCA) framework. What it lacks is enough euro-denominated liquidity to keep settlement activity from migrating to dollar-backed stablecoins.
"If we don't have a euro on the blockchain, the banks will use the dollar because it's there, it's available and it has a lot of liquidity," Sell told CoinDesk. Rather than each bank issuing its own euro stablecoin, Qivalis is encouraging them to work together in a single shared network.
Sell said Qivalis is not trying to compete directly with USDC. Its goal is to give European banks, businesses and payment firms a regulated euro alternative as tokenized finance expands. That would allow institutions to settle in euros rather than converting assets into dollars and back again.
As more banks join, the consortium also benefits from the same network effects driving USDC's adoption. "The more banks we have in the consortium, the better. Our network has stronger network effects," Sell said.
That may be the impetus for introducing non-dollar stablecoins, such as Societe Generale's EUR CoinVertible (EURCV), Credit Agricole's EURXT and Qivalis' impending offering. But existing is insufficient. It's how the bank deploys the stablecoin to its customers that will determine its success.
Anybody can issue a stablecoin," said Steakhouse Financial's Cachinero Vasiljevic. "But if nobody uses the stablecoin, the stablecoin is worthless. The value of the stablecoin is the network."
#SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#LuxshareToPriceHKListingAtTop
#SKHynixSaysFundsEyeUpTo$7BInADRs
#OilFalls
hen Standard Chartered (STAN) said it would offer institutional clients direct access to minting and redeeming Circle Internet's (CRCL) USDC this week, it wasn't simply adding another digital asset service.
Rather, it was joining a growing list of global financial institutions building product offerings around stablecoins, the fiat-pegged tokens that were once retail investors' refuge from crypto-market volatility and are increasingly becoming part of the plumbing of financial institutions worldwide. Chainalysis estimates stablecoin settlement volumes could reach a quadrillion dollars a year by 2030.
Standard Chartered’s announcement came just days after BNY, the world's largest custody bank, expanded its support for USDC by allowing institutional clients to custody, mint and redeem the stablecoin using its infrastructure rather than building their own. Both Standard Chartered and BNY, which has $59 trillion in assets under management, are considered global systemically important banks by the Bank for International Settlements' Basel Committee.
Their decisions reflect a pattern among some lenders toward using established stablecoin networks rather than creating their own. The moves also suggest the conversation inside banking has shifted. The question is no longer whether stablecoins belong in finance, but how banks fit into the networks forming around them.
Banks aren't asking whether they'll use stablecoins anymore. They're deciding how they'll use them," said Andrew MacKenzie, the founder and CEO of Scotland-based stablecoin issuer Agant, in an interview.
The discussion intensified this week after Circle CEO Jeremy Allaire responded to the introduction of OpenUSD, a rival stablecoin backed by companies including Coinbase (COIN), payments company Stripe and asset manager BlackRock (BLK). Allaire said USDC's position rests on nearly a decade of building liquidity, banking relationships and regulatory approvals.
Adrian Cachinero Vasiljevic, a co-founder and partner at Steakhouse Financial, which advises institutions on decentralized finance, agrees that the surrounding ecosystem is key.
The network is what creates the value," he said in an interview. "The stablecoin itself becomes almost secondary.
Even so, new stablecoins continue to appear, especially in Europe where there's less of an established network and there's concern about the preponderance of dollar-pegged tokens, which account for more than 99% of the total stablecoin market cap.
Jan-Oliver Sell, CEO of Qivalis, a group of 37 European financial institutions developing the Euro On-Chain (EUOC) stablecoin, noted that Europe already has regulatory oversight under the Markets in Crypto-Assets (MiCA) framework. What it lacks is enough euro-denominated liquidity to keep settlement activity from migrating to dollar-backed stablecoins.
"If we don't have a euro on the blockchain, the banks will use the dollar because it's there, it's available and it has a lot of liquidity," Sell told CoinDesk. Rather than each bank issuing its own euro stablecoin, Qivalis is encouraging them to work together in a single shared network.
Sell said Qivalis is not trying to compete directly with USDC. Its goal is to give European banks, businesses and payment firms a regulated euro alternative as tokenized finance expands. That would allow institutions to settle in euros rather than converting assets into dollars and back again.
As more banks join, the consortium also benefits from the same network effects driving USDC's adoption. "The more banks we have in the consortium, the better. Our network has stronger network effects," Sell said.
That may be the impetus for introducing non-dollar stablecoins, such as Societe Generale's EUR CoinVertible (EURCV), Credit Agricole's EURXT and Qivalis' impending offering. But existing is insufficient. It's how the bank deploys the stablecoin to its customers that will determine its success.
Anybody can issue a stablecoin," said Steakhouse Financial's Cachinero Vasiljevic. "But if nobody uses the stablecoin, the stablecoin is worthless. The value of the stablecoin is the network."
#SKHynixToIssue177.9MillionADSs
#USTechStockFuturesRise
#LuxshareToPriceHKListingAtTop
#SKHynixSaysFundsEyeUpTo$7BInADRs
#OilFalls
1
1
55
Article
Coinbase AI draws backlash after erroneously publishing World Cup result before kickoffCEO Brian Armstrong investigated, and the firm said it made updates to prevent future AI-generated inaccuracies.
oinbase (COIN) sent users a false “breaking news” alert saying Norway's soccer team beat Brazil 3-2 in a World Cup knockout match before the game had even started.
The alert said Erling Haaland scored twice in the match at MetLife Stadium. Coinbase’s own prediction-market page still listed the game as weather-delayed at the time.
Users posted screenshots of the notification on X on Sunday. Coinbase CEO Brian Armstrong replied to one saying he was looking into it with the team. According to one post, the alert was sent at 10:26 a.m. ET. The match didn't start until 4 p.m.
Max Branzburg, the company's head of consumer & business products, later clarified that the incorrect story was fixed and the firm “made some updates to avoid these types of inaccuracies in the future.
It’s awesome to see the power of AI-enabled 24/7 insights for trading, but obviously still need to tune it to address these types of issues,” Branzburg wrote on X.
The actual match did see Norway beat Brazil, and Haaland scored twice. The final score was 2-1.
The error landed as Coinbase pushes deeper into prediction markets. The company rolled out prediction markets to U.S. users in January through Kalshi, offering contracts tied to sports, elections, economic data and other real-world events.
Coinbase has framed the product as part of a broader effort to become an “everything exchange.” The company also added stock options, pre-IPO markets and an AI adviser as it tries to fold more financial activity into one app.
CoinDesk reached out to Coinbase but hadn’t heard back by publication time.
#USTechStockFuturesRise
#LuxshareToPriceHKListingAtTop
#SKHynixSaysFundsEyeUpTo$7BInADRs
#IMFWarnsTokenizationShiftsRiskToCode
#SKHynixToUseADRProceedsForChipCapex
Coinbase AI draws backlash after erroneously publishing World Cup result before kickoff
CEO Brian Armstrong investigated, and the firm said it made updates to prevent future AI-generated inaccuracies.
oinbase (COIN) sent users a false “breaking news” alert saying Norway's soccer team beat Brazil 3-2 in a World Cup knockout match before the game had even started.
The alert said Erling Haaland scored twice in the match at MetLife Stadium. Coinbase’s own prediction-market page still listed the game as weather-delayed at the time.
Users posted screenshots of the notification on X on Sunday. Coinbase CEO Brian Armstrong replied to one saying he was looking into it with the team. According to one post, the alert was sent at 10:26 a.m. ET. The match didn't start until 4 p.m.
Max Branzburg, the company's head of consumer & business products, later clarified that the incorrect story was fixed and the firm “made some updates to avoid these types of inaccuracies in the future.
It’s awesome to see the power of AI-enabled 24/7 insights for trading, but obviously still need to tune it to address these types of issues,” Branzburg wrote on X.
The actual match did see Norway beat Brazil, and Haaland scored twice. The final score was 2-1.
The error landed as Coinbase pushes deeper into prediction markets. The company rolled out prediction markets to U.S. users in January through Kalshi, offering contracts tied to sports, elections, economic data and other real-world events.
Coinbase has framed the product as part of a broader effort to become an “everything exchange.” The company also added stock options, pre-IPO markets and an AI adviser as it tries to fold more financial activity into one app.
CoinDesk reached out to Coinbase but hadn’t heard back by publication time.
#USTechStockFuturesRise
#LuxshareToPriceHKListingAtTop
#SKHynixSaysFundsEyeUpTo$7BInADRs
#IMFWarnsTokenizationShiftsRiskToCode
#SKHynixToUseADRProceedsForChipCapex
oinbase (COIN) sent users a false “breaking news” alert saying Norway's soccer team beat Brazil 3-2 in a World Cup knockout match before the game had even started.
The alert said Erling Haaland scored twice in the match at MetLife Stadium. Coinbase’s own prediction-market page still listed the game as weather-delayed at the time.
Users posted screenshots of the notification on X on Sunday. Coinbase CEO Brian Armstrong replied to one saying he was looking into it with the team. According to one post, the alert was sent at 10:26 a.m. ET. The match didn't start until 4 p.m.
Max Branzburg, the company's head of consumer & business products, later clarified that the incorrect story was fixed and the firm “made some updates to avoid these types of inaccuracies in the future.
It’s awesome to see the power of AI-enabled 24/7 insights for trading, but obviously still need to tune it to address these types of issues,” Branzburg wrote on X.
The actual match did see Norway beat Brazil, and Haaland scored twice. The final score was 2-1.
The error landed as Coinbase pushes deeper into prediction markets. The company rolled out prediction markets to U.S. users in January through Kalshi, offering contracts tied to sports, elections, economic data and other real-world events.
Coinbase has framed the product as part of a broader effort to become an “everything exchange.” The company also added stock options, pre-IPO markets and an AI adviser as it tries to fold more financial activity into one app.
CoinDesk reached out to Coinbase but hadn’t heard back by publication time.
#USTechStockFuturesRise
#LuxshareToPriceHKListingAtTop
#SKHynixSaysFundsEyeUpTo$7BInADRs
#IMFWarnsTokenizationShiftsRiskToCode
#SKHynixToUseADRProceedsForChipCapex
223
Article
Trump's crypto token buyers are down $3.8 billion, blockchain data showsThe TRUMP token is down 96% from its peak, and 85% of secondary market wallets for WLFI are underwater, reflecting a broader downturn in the sector.
nvestors holding the TRUMP memecoin are down $3.81 billion combined, while the U.S. President made more than $1.4 billion from his crypto ties, according to data from analytics firm Nansen shared with CoinDesk.
The losses fall on 988,905 of the 1.48 million wallets that have bought Donald Trump's memecoin since its January 2025 launch, roughly two-thirds. The 492,285 wallets in profit are up $4.04 billion, concentrated among buyers who bought the token in the first hours of the launch, when it traded under $1, before it reached a near-$75 high two days later, the data shows.
Across all 1.48 million wallets, gains and losses offset to about $236 million. A small group of early entrants captured most of the upside, while later retail buyers bought higher and faced losses.
The losses worsened as the broader crypto market tumbled. Bitcoin is down roughly 50% from the record above $126,000 it set in October, and the sector has spent the first half of 2026 in a slump.
TRUMP trades near $1.79 today, down about 96% from its peak. Its market value is $425 million, against nearly $15 billion at the January 2025 high. Of the 722,000 wallets still holding the token, positions are worth $465 million combined. Since launch, about $71 billion in value has moved through the token.
WLFI tokens were sold through an initial coin offering (ICO) at $0.015 in the first round and $0.05 to the public, and stayed non-transferable until Sep. 1, 2025. Secondary trading opened that day at $0.29 and reached $0.33.
Of the 26,663 wallets Nansen tracks buying WLFI on secondary markets, 22,715 are underwater, about 85%, with combined losses of $83 million against $23 million in the green, Nansen’s data shows.
WLFI is now changing hands around $0.056 per token, down more than 80% from its peak, with a $1.8 billion market capitalization. The 241,651 wallets that bought in the ICO are excluded from the loss figure.
#SpotGoldTops$4200
#IMFWarnsTokenizationShiftsRiskToCode
#OPECRaisesAugustOutputBy188000Bpd
#SpaceXToJoinNasdaq100OnJuly7
#KospiRises2.7%OnChipRally
Trump's crypto token buyers are down $3.8 billion, blockchain data shows
The TRUMP token is down 96% from its peak, and 85% of secondary market wallets for WLFI are underwater, reflecting a broader downturn in the sector.
nvestors holding the TRUMP memecoin are down $3.81 billion combined, while the U.S. President made more than $1.4 billion from his crypto ties, according to data from analytics firm Nansen shared with CoinDesk.
The losses fall on 988,905 of the 1.48 million wallets that have bought Donald Trump's memecoin since its January 2025 launch, roughly two-thirds. The 492,285 wallets in profit are up $4.04 billion, concentrated among buyers who bought the token in the first hours of the launch, when it traded under $1, before it reached a near-$75 high two days later, the data shows.
Across all 1.48 million wallets, gains and losses offset to about $236 million. A small group of early entrants captured most of the upside, while later retail buyers bought higher and faced losses.
The losses worsened as the broader crypto market tumbled. Bitcoin is down roughly 50% from the record above $126,000 it set in October, and the sector has spent the first half of 2026 in a slump.
TRUMP trades near $1.79 today, down about 96% from its peak. Its market value is $425 million, against nearly $15 billion at the January 2025 high. Of the 722,000 wallets still holding the token, positions are worth $465 million combined. Since launch, about $71 billion in value has moved through the token.
WLFI tokens were sold through an initial coin offering (ICO) at $0.015 in the first round and $0.05 to the public, and stayed non-transferable until Sep. 1, 2025. Secondary trading opened that day at $0.29 and reached $0.33.
Of the 26,663 wallets Nansen tracks buying WLFI on secondary markets, 22,715 are underwater, about 85%, with combined losses of $83 million against $23 million in the green, Nansen’s data shows.
WLFI is now changing hands around $0.056 per token, down more than 80% from its peak, with a $1.8 billion market capitalization. The 241,651 wallets that bought in the ICO are excluded from the loss figure.
#SpotGoldTops$4200
#IMFWarnsTokenizationShiftsRiskToCode
#OPECRaisesAugustOutputBy188000Bpd
#SpaceXToJoinNasdaq100OnJuly7
#KospiRises2.7%OnChipRally
nvestors holding the TRUMP memecoin are down $3.81 billion combined, while the U.S. President made more than $1.4 billion from his crypto ties, according to data from analytics firm Nansen shared with CoinDesk.
The losses fall on 988,905 of the 1.48 million wallets that have bought Donald Trump's memecoin since its January 2025 launch, roughly two-thirds. The 492,285 wallets in profit are up $4.04 billion, concentrated among buyers who bought the token in the first hours of the launch, when it traded under $1, before it reached a near-$75 high two days later, the data shows.
Across all 1.48 million wallets, gains and losses offset to about $236 million. A small group of early entrants captured most of the upside, while later retail buyers bought higher and faced losses.
The losses worsened as the broader crypto market tumbled. Bitcoin is down roughly 50% from the record above $126,000 it set in October, and the sector has spent the first half of 2026 in a slump.
TRUMP trades near $1.79 today, down about 96% from its peak. Its market value is $425 million, against nearly $15 billion at the January 2025 high. Of the 722,000 wallets still holding the token, positions are worth $465 million combined. Since launch, about $71 billion in value has moved through the token.
WLFI tokens were sold through an initial coin offering (ICO) at $0.015 in the first round and $0.05 to the public, and stayed non-transferable until Sep. 1, 2025. Secondary trading opened that day at $0.29 and reached $0.33.
Of the 26,663 wallets Nansen tracks buying WLFI on secondary markets, 22,715 are underwater, about 85%, with combined losses of $83 million against $23 million in the green, Nansen’s data shows.
WLFI is now changing hands around $0.056 per token, down more than 80% from its peak, with a $1.8 billion market capitalization. The 241,651 wallets that bought in the ICO are excluded from the loss figure.
#SpotGoldTops$4200
#IMFWarnsTokenizationShiftsRiskToCode
#OPECRaisesAugustOutputBy188000Bpd
#SpaceXToJoinNasdaq100OnJuly7
#KospiRises2.7%OnChipRally
84
Article
Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources sayLONDON/DUBAI, July 3 (Reuters) - Iran has begun talks with Japanese companies under a U.S. sanctions waiver allowing it to riesume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, three Iranian and Western sources said.
The waiver, part of 60-day peace talks between Tehran and Washington, was issued on June 22 and expires August 21.
Japanese and Iranian officials were in initial talks about possible oil sales, a Western industry source familiar with the matter said separately.
An official at Japan's Ministry of Economy, Trade and Industry (METI), which oversees fuel supply infrastructure, said he was unaware of any such matter.
Japan's foreign ministry and the U.S. Treasury did not immediately respond to Reuters requests for comment.
Japan, South Korea, India and European countries stopped buying Iranian oil when U.S. sanctions tightened following U.S. President Donald Trump's withdrawal from Iran's nuclear pact in 2018.
China has been Iran's main buyer in recent years.
The safety of any tanker voyage would also have to be ensured, the official added.
A senior Iranian official said any deal would require the U.S. to extend the current waiver given the shipping time between Japan and Iran.
The official added that cargoes would be loaded at Iran's Kharg Island and use Japanese-operated tankers.
A senior Iranian oil ministry official told Reuters that Iran's national oil company NIOC had approached traditional customers including Japan and told them that if a peace deal was concluded and sanctions were lifted, Iran would like them to resume their purchasing.
Iran's oil ministry did not respond to a request for comment.
The Strait of Hormuz ship passage is still far from safe and how it will operate once a lasting peace deal between Tehran and Washington is finalised is not yet known.
A container ship was attacked in the Strait of Hormuz last week by Iranian forces and Iran's elite Revolutionary Guards have said all transits through the strait need to be cleared with them firs
#GillibrandCallsForDigitalAssetEthicsBan
#MoonbeamToMigrateGLMRToBase
#COMEXGoldSettlesUp1.49%At$4187.3
#RevolutToDelistUSDT
#JunePayrolls57KHikeOddsFallTo50%
Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say
LONDON/DUBAI, July 3 (Reuters) - Iran has begun talks with Japanese companies under a U.S. sanctions waiver allowing it to riesume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, three Iranian and Western sources said.
The waiver, part of 60-day peace talks between Tehran and Washington, was issued on June 22 and expires August 21.
Japanese and Iranian officials were in initial talks about possible oil sales, a Western industry source familiar with the matter said separately.
An official at Japan's Ministry of Economy, Trade and Industry (METI), which oversees fuel supply infrastructure, said he was unaware of any such matter.
Japan's foreign ministry and the U.S. Treasury did not immediately respond to Reuters requests for comment.
Japan, South Korea, India and European countries stopped buying Iranian oil when U.S. sanctions tightened following U.S. President Donald Trump's withdrawal from Iran's nuclear pact in 2018.
China has been Iran's main buyer in recent years.
The safety of any tanker voyage would also have to be ensured, the official added.
A senior Iranian official said any deal would require the U.S. to extend the current waiver given the shipping time between Japan and Iran.
The official added that cargoes would be loaded at Iran's Kharg Island and use Japanese-operated tankers.
A senior Iranian oil ministry official told Reuters that Iran's national oil company NIOC had approached traditional customers including Japan and told them that if a peace deal was concluded and sanctions were lifted, Iran would like them to resume their purchasing.
Iran's oil ministry did not respond to a request for comment.
The Strait of Hormuz ship passage is still far from safe and how it will operate once a lasting peace deal between Tehran and Washington is finalised is not yet known.
A container ship was attacked in the Strait of Hormuz last week by Iranian forces and Iran's elite Revolutionary Guards have said all transits through the strait need to be cleared with them firs
#GillibrandCallsForDigitalAssetEthicsBan
#MoonbeamToMigrateGLMRToBase
#COMEXGoldSettlesUp1.49%At$4187.3
#RevolutToDelistUSDT
#JunePayrolls57KHikeOddsFallTo50%
The waiver, part of 60-day peace talks between Tehran and Washington, was issued on June 22 and expires August 21.
Japanese and Iranian officials were in initial talks about possible oil sales, a Western industry source familiar with the matter said separately.
An official at Japan's Ministry of Economy, Trade and Industry (METI), which oversees fuel supply infrastructure, said he was unaware of any such matter.
Japan's foreign ministry and the U.S. Treasury did not immediately respond to Reuters requests for comment.
Japan, South Korea, India and European countries stopped buying Iranian oil when U.S. sanctions tightened following U.S. President Donald Trump's withdrawal from Iran's nuclear pact in 2018.
China has been Iran's main buyer in recent years.
The safety of any tanker voyage would also have to be ensured, the official added.
A senior Iranian official said any deal would require the U.S. to extend the current waiver given the shipping time between Japan and Iran.
The official added that cargoes would be loaded at Iran's Kharg Island and use Japanese-operated tankers.
A senior Iranian oil ministry official told Reuters that Iran's national oil company NIOC had approached traditional customers including Japan and told them that if a peace deal was concluded and sanctions were lifted, Iran would like them to resume their purchasing.
Iran's oil ministry did not respond to a request for comment.
The Strait of Hormuz ship passage is still far from safe and how it will operate once a lasting peace deal between Tehran and Washington is finalised is not yet known.
A container ship was attacked in the Strait of Hormuz last week by Iranian forces and Iran's elite Revolutionary Guards have said all transits through the strait need to be cleared with them firs
#GillibrandCallsForDigitalAssetEthicsBan
#MoonbeamToMigrateGLMRToBase
#COMEXGoldSettlesUp1.49%At$4187.3
#RevolutToDelistUSDT
#JunePayrolls57KHikeOddsFallTo50%
157
Article
Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%SINTRA, Portugal, July 1 (Reuters) - (This July 1 story has been corrected to add the reference 'in households or the business sector, in the financial markets' to the quote, in paragraph 2)
Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
"If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2% -- well, I guess they'd be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, emphasizing that — beyond restating the inflation objective — he'd give little indication about where he thinks monetary policy or the economy are headed.
Learn more aboutRefinitiv
SubscribeFed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%
By Francesco Canepa and Howard Schneider
July 1, 20264:04 PM GMT+6Updated 13 hours ago
Item 1 of 2 Journalists in the press room watch as U.S. Federal Reserve Chairman Kevin Warsh speaks during the afternoon session at the ECB Forum, in Sintra, Portugal July 1, 2026. REUTERS/Pedro Rocha
[1/2]Journalists in the press room watch as U.S. Federal Reserve Chairman Kevin Warsh speaks during the afternoon session at the ECB Forum, in Sintra, Portugal July 1, 2026. REUTERS/Pedro Rocha Purchase Licensing Rights, opens new tab
Warsh joined ECB, BOE and Bank of Canada chiefs on a panel in Portugal
Rates were left unchanged last month at Warsh's first meeting as Fed chief
Warsh says he is sticking firmly to Fed's 2% inflation target
Global central banks have taken different stances on rate hikes
SINTRA, Portugal, July 1 (Reuters) - (This July 1 story has been corrected to add the reference 'in households or the business sector, in the financial markets' to the quote, in paragraph 2)
Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here.
"If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2% -- well, I guess they'd be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, emphasizing that — beyond restating the inflation objective — he'd give little indication about where he thinks monetary policy or the economy are headed.
Asked if the potential for disappointment extended to Trump, who picked Warsh to take over as head of the Fed and has said he expects borrowing costs to fall, Warsh said, "we have been an independent central bank for a long time. We are going to be an independent central bank at this moment and you will see no changes on that."
Warsh spoke just two days after the U.S. Supreme Court ruled Trump could not fire Fed Governor Lisa Cook, affirming the central bank's standing even as the justices expanded the president's power to remove members of other ostensibly independent bodies — a ruling Warsh said he read but doesn't think will change how the Fed goes about its business.
Advertisement · Scroll to continue
The public appearance in Portugal, Warsh's second since taking over as Fed chief in May, saw him join with other top central bankers in what became a common rejection of "forward guidance" and a seeming reluctance even to say much about the economy.
Warsh said U.S. central bankers will decide whether to raise rates, for example, when they "shut the door" and begin their next two-day meeting on July 28, and told the moderator of the panel she would "fail" to break his rule against commenting about rate decisions or even the risks and factors framing the debate.
Advertisement · Scroll to continue
Traders slightly trimmed their rate-hike bets as Warsh spoke, but still put 70% odds on the Fed increasing borrowing costs at its September 15-16 meeting.
"It increasingly looks like investors' early assumption that a Warsh-led Fed would quickly cut rates will not play out," Oren Klachkin, financial market economist at Nationwide, wrote after Warsh's appearance. "The balance of risks has clearly shifted," Klachkin added, even though he expects the Fed will ultimately hold rates steady through the year.
Warsh shared the stage in Portugal with ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Canada Governor Tiff Macklem, who are all dealing with elevated inflation and the fallout from the U.S.-Israeli war with Iran.
But the impact of that conflict has taken them in different directions. Warsh's comments after the June 16-17 policy meeting prompted investors to boost the odds that the Fed will raise rates as soon as September, while the ECB has already hiked borrowing costs. Central bankers in England and Canada have been more reluctant to tighten monetary policy given local economic weakness.
The other central bankers on the panel also shared Warsh's approach that saying too much about rates was unwise, a fact Warsh suggested might be ushering in a new global reliance on "first principles" in central banking, and a final exorcism of problems he attributes to Fed policies created in the wake of the 2007-2009 global financial crisis. Warsh was a Fed governor during those years before leaving the job in opposition to some of the programs being put in place, and then campaigning against them in the next 15 years.
"I feel incredible comfort that I'm not sure I had internalized that there is a willingness by my colleagues in the central banking community around the world to go back to first principles," Warsh said. "We've all been burdened with many of the policies that, in some sense, the Fed created in the 2008 financial crisis," including large balance sheets and providing too much information to steer financial markets.
Those specific policies and other issues are to be reviewed by a series of task forces Warsh said on Wednesday will be named next week, hinting that former foreign central bankers may be named to some of the panels — in the spirit of reviews that Warsh and others have done for institutions like the BOE — and from which he expects quick results.
In particular, he said it was his "aspiration" that within a year the Fed will be shifting to the use of real-time data to make monetary policy and relying less on backward-looking government surveys.
Because of AI and what he described as an "exponential" pace of change, Warsh said it was important to recognize new trends as they are unfolding, not after the fact.
The potential changes coming in the job market are of particular note, he said.
"We are in the first or second inning of this revolution. ... Jobs will be greater, prosperity will be greater ... the question is timing," Warsh said. "We have a dual mandate and we have to deliver on both the employment side and the stable price side."
#BitcoinReboundsAbove$61K
#UniswapPrimaryAMMForRobinhoodL2
#ZcashIronwoodUpgradeNearsTestnet
#JunePayrolls57KHikeOddsFallTo50%
#MoonbeamToMigrateGLMRToBase
Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%
SINTRA, Portugal, July 1 (Reuters) - (This July 1 story has been corrected to add the reference 'in households or the business sector, in the financial markets' to the quote, in paragraph 2)
Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
"If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2% -- well, I guess they'd be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, emphasizing that — beyond restating the inflation objective — he'd give little indication about where he thinks monetary policy or the economy are headed.
Learn more aboutRefinitiv
SubscribeFed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%
By Francesco Canepa and Howard Schneider
July 1, 20264:04 PM GMT+6Updated 13 hours ago
Item 1 of 2 Journalists in the press room watch as U.S. Federal Reserve Chairman Kevin Warsh speaks during the afternoon session at the ECB Forum, in Sintra, Portugal July 1, 2026. REUTERS/Pedro Rocha
[1/2]Journalists in the press room watch as U.S. Federal Reserve Chairman Kevin Warsh speaks during the afternoon session at the ECB Forum, in Sintra, Portugal July 1, 2026. REUTERS/Pedro Rocha Purchase Licensing Rights, opens new tab
Warsh joined ECB, BOE and Bank of Canada chiefs on a panel in Portugal
Rates were left unchanged last month at Warsh's first meeting as Fed chief
Warsh says he is sticking firmly to Fed's 2% inflation target
Global central banks have taken different stances on rate hikes
SINTRA, Portugal, July 1 (Reuters) - (This July 1 story has been corrected to add the reference 'in households or the business sector, in the financial markets' to the quote, in paragraph 2)
Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here.
"If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2% -- well, I guess they'd be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, emphasizing that — beyond restating the inflation objective — he'd give little indication about where he thinks monetary policy or the economy are headed.
Asked if the potential for disappointment extended to Trump, who picked Warsh to take over as head of the Fed and has said he expects borrowing costs to fall, Warsh said, "we have been an independent central bank for a long time. We are going to be an independent central bank at this moment and you will see no changes on that."
Warsh spoke just two days after the U.S. Supreme Court ruled Trump could not fire Fed Governor Lisa Cook, affirming the central bank's standing even as the justices expanded the president's power to remove members of other ostensibly independent bodies — a ruling Warsh said he read but doesn't think will change how the Fed goes about its business.
Advertisement · Scroll to continue
The public appearance in Portugal, Warsh's second since taking over as Fed chief in May, saw him join with other top central bankers in what became a common rejection of "forward guidance" and a seeming reluctance even to say much about the economy.
Warsh said U.S. central bankers will decide whether to raise rates, for example, when they "shut the door" and begin their next two-day meeting on July 28, and told the moderator of the panel she would "fail" to break his rule against commenting about rate decisions or even the risks and factors framing the debate.
Advertisement · Scroll to continue
Traders slightly trimmed their rate-hike bets as Warsh spoke, but still put 70% odds on the Fed increasing borrowing costs at its September 15-16 meeting.
"It increasingly looks like investors' early assumption that a Warsh-led Fed would quickly cut rates will not play out," Oren Klachkin, financial market economist at Nationwide, wrote after Warsh's appearance. "The balance of risks has clearly shifted," Klachkin added, even though he expects the Fed will ultimately hold rates steady through the year.
Warsh shared the stage in Portugal with ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Canada Governor Tiff Macklem, who are all dealing with elevated inflation and the fallout from the U.S.-Israeli war with Iran.
But the impact of that conflict has taken them in different directions. Warsh's comments after the June 16-17 policy meeting prompted investors to boost the odds that the Fed will raise rates as soon as September, while the ECB has already hiked borrowing costs. Central bankers in England and Canada have been more reluctant to tighten monetary policy given local economic weakness.
The other central bankers on the panel also shared Warsh's approach that saying too much about rates was unwise, a fact Warsh suggested might be ushering in a new global reliance on "first principles" in central banking, and a final exorcism of problems he attributes to Fed policies created in the wake of the 2007-2009 global financial crisis. Warsh was a Fed governor during those years before leaving the job in opposition to some of the programs being put in place, and then campaigning against them in the next 15 years.
"I feel incredible comfort that I'm not sure I had internalized that there is a willingness by my colleagues in the central banking community around the world to go back to first principles," Warsh said. "We've all been burdened with many of the policies that, in some sense, the Fed created in the 2008 financial crisis," including large balance sheets and providing too much information to steer financial markets.
Those specific policies and other issues are to be reviewed by a series of task forces Warsh said on Wednesday will be named next week, hinting that former foreign central bankers may be named to some of the panels — in the spirit of reviews that Warsh and others have done for institutions like the BOE — and from which he expects quick results.
In particular, he said it was his "aspiration" that within a year the Fed will be shifting to the use of real-time data to make monetary policy and relying less on backward-looking government surveys.
Because of AI and what he described as an "exponential" pace of change, Warsh said it was important to recognize new trends as they are unfolding, not after the fact.
The potential changes coming in the job market are of particular note, he said.
"We are in the first or second inning of this revolution. ... Jobs will be greater, prosperity will be greater ... the question is timing," Warsh said. "We have a dual mandate and we have to deliver on both the employment side and the stable price side."
#BitcoinReboundsAbove$61K
#UniswapPrimaryAMMForRobinhoodL2
#ZcashIronwoodUpgradeNearsTestnet
#JunePayrolls57KHikeOddsFallTo50%
#MoonbeamToMigrateGLMRToBase
Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
"If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2% -- well, I guess they'd be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, emphasizing that — beyond restating the inflation objective — he'd give little indication about where he thinks monetary policy or the economy are headed.
Learn more aboutRefinitiv
SubscribeFed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%
By Francesco Canepa and Howard Schneider
July 1, 20264:04 PM GMT+6Updated 13 hours ago
Item 1 of 2 Journalists in the press room watch as U.S. Federal Reserve Chairman Kevin Warsh speaks during the afternoon session at the ECB Forum, in Sintra, Portugal July 1, 2026. REUTERS/Pedro Rocha
[1/2]Journalists in the press room watch as U.S. Federal Reserve Chairman Kevin Warsh speaks during the afternoon session at the ECB Forum, in Sintra, Portugal July 1, 2026. REUTERS/Pedro Rocha Purchase Licensing Rights, opens new tab
Warsh joined ECB, BOE and Bank of Canada chiefs on a panel in Portugal
Rates were left unchanged last month at Warsh's first meeting as Fed chief
Warsh says he is sticking firmly to Fed's 2% inflation target
Global central banks have taken different stances on rate hikes
SINTRA, Portugal, July 1 (Reuters) - (This July 1 story has been corrected to add the reference 'in households or the business sector, in the financial markets' to the quote, in paragraph 2)
Federal Reserve Chairman Kevin Warsh said on Wednesday he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here.
"If there were people in households or the business sector, in the financial markets, who thought that this central bank was going to be comfortable with an inflation objective above 2% -- well, I guess they'd be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, emphasizing that — beyond restating the inflation objective — he'd give little indication about where he thinks monetary policy or the economy are headed.
Asked if the potential for disappointment extended to Trump, who picked Warsh to take over as head of the Fed and has said he expects borrowing costs to fall, Warsh said, "we have been an independent central bank for a long time. We are going to be an independent central bank at this moment and you will see no changes on that."
Warsh spoke just two days after the U.S. Supreme Court ruled Trump could not fire Fed Governor Lisa Cook, affirming the central bank's standing even as the justices expanded the president's power to remove members of other ostensibly independent bodies — a ruling Warsh said he read but doesn't think will change how the Fed goes about its business.
Advertisement · Scroll to continue
The public appearance in Portugal, Warsh's second since taking over as Fed chief in May, saw him join with other top central bankers in what became a common rejection of "forward guidance" and a seeming reluctance even to say much about the economy.
Warsh said U.S. central bankers will decide whether to raise rates, for example, when they "shut the door" and begin their next two-day meeting on July 28, and told the moderator of the panel she would "fail" to break his rule against commenting about rate decisions or even the risks and factors framing the debate.
Advertisement · Scroll to continue
Traders slightly trimmed their rate-hike bets as Warsh spoke, but still put 70% odds on the Fed increasing borrowing costs at its September 15-16 meeting.
"It increasingly looks like investors' early assumption that a Warsh-led Fed would quickly cut rates will not play out," Oren Klachkin, financial market economist at Nationwide, wrote after Warsh's appearance. "The balance of risks has clearly shifted," Klachkin added, even though he expects the Fed will ultimately hold rates steady through the year.
Warsh shared the stage in Portugal with ECB President Christine Lagarde, Bank of England Governor Andrew Bailey, and Bank of Canada Governor Tiff Macklem, who are all dealing with elevated inflation and the fallout from the U.S.-Israeli war with Iran.
But the impact of that conflict has taken them in different directions. Warsh's comments after the June 16-17 policy meeting prompted investors to boost the odds that the Fed will raise rates as soon as September, while the ECB has already hiked borrowing costs. Central bankers in England and Canada have been more reluctant to tighten monetary policy given local economic weakness.
The other central bankers on the panel also shared Warsh's approach that saying too much about rates was unwise, a fact Warsh suggested might be ushering in a new global reliance on "first principles" in central banking, and a final exorcism of problems he attributes to Fed policies created in the wake of the 2007-2009 global financial crisis. Warsh was a Fed governor during those years before leaving the job in opposition to some of the programs being put in place, and then campaigning against them in the next 15 years.
"I feel incredible comfort that I'm not sure I had internalized that there is a willingness by my colleagues in the central banking community around the world to go back to first principles," Warsh said. "We've all been burdened with many of the policies that, in some sense, the Fed created in the 2008 financial crisis," including large balance sheets and providing too much information to steer financial markets.
Those specific policies and other issues are to be reviewed by a series of task forces Warsh said on Wednesday will be named next week, hinting that former foreign central bankers may be named to some of the panels — in the spirit of reviews that Warsh and others have done for institutions like the BOE — and from which he expects quick results.
In particular, he said it was his "aspiration" that within a year the Fed will be shifting to the use of real-time data to make monetary policy and relying less on backward-looking government surveys.
Because of AI and what he described as an "exponential" pace of change, Warsh said it was important to recognize new trends as they are unfolding, not after the fact.
The potential changes coming in the job market are of particular note, he said.
"We are in the first or second inning of this revolution. ... Jobs will be greater, prosperity will be greater ... the question is timing," Warsh said. "We have a dual mandate and we have to deliver on both the employment side and the stable price side."
#BitcoinReboundsAbove$61K
#UniswapPrimaryAMMForRobinhoodL2
#ZcashIronwoodUpgradeNearsTestnet
#JunePayrolls57KHikeOddsFallTo50%
#MoonbeamToMigrateGLMRToBase
333
Article
Egypt expects €1.5 billion from EU assistance package in coming days, minister saysDUBAI, July 4 (Reuters) - Egypt expects to receive €1.5 billion ($1.72 billion) from the European Union in the coming days, the first of two remaining tranches of a €5 billion macro-financial assistance package, Foreign Minister Badr Abdelatty said on Saturday.
Speaking at a press conference in Egypt's new administrative capital alongside European Commissioner for the Mediterranean Dubravka Suica, Abdelatty said the outstanding €3 billion would be disbursed in two equal tranches of €1.5 billion each.
He said Cairo hoped the last payment would be transferred by the start of the autumn.
The EU has so far disbursed €2 billion of the package, having transferred an initial €1 billion tranche in January 2025 and a second €1 billion earlier this year.
The macro-financial assistance forms part of a broader €7.4 billion funding deal the EU announced in 2024, which also includes €5 billion in concessional loa
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Egypt expects €1.5 billion from EU assistance package in coming days, minister says
DUBAI, July 4 (Reuters) - Egypt expects to receive €1.5 billion ($1.72 billion) from the European Union in the coming days, the first of two remaining tranches of a €5 billion macro-financial assistance package, Foreign Minister Badr Abdelatty said on Saturday.
Speaking at a press conference in Egypt's new administrative capital alongside European Commissioner for the Mediterranean Dubravka Suica, Abdelatty said the outstanding €3 billion would be disbursed in two equal tranches of €1.5 billion each.
He said Cairo hoped the last payment would be transferred by the start of the autumn.
The EU has so far disbursed €2 billion of the package, having transferred an initial €1 billion tranche in January 2025 and a second €1 billion earlier this year.
The macro-financial assistance forms part of a broader €7.4 billion funding deal the EU announced in 2024, which also includes €5 billion in concessional loa
#COMEXGoldSettlesUp1.49%At$4187.3
#RevolutToDelistUSDT
#MoonbeamToMigrateGLMRToBase
#GillibrandCallsForDigitalAssetEthicsBan
#ZcashIronwoodUpgradeNearsTestnet
Speaking at a press conference in Egypt's new administrative capital alongside European Commissioner for the Mediterranean Dubravka Suica, Abdelatty said the outstanding €3 billion would be disbursed in two equal tranches of €1.5 billion each.
He said Cairo hoped the last payment would be transferred by the start of the autumn.
The EU has so far disbursed €2 billion of the package, having transferred an initial €1 billion tranche in January 2025 and a second €1 billion earlier this year.
The macro-financial assistance forms part of a broader €7.4 billion funding deal the EU announced in 2024, which also includes €5 billion in concessional loa
#COMEXGoldSettlesUp1.49%At$4187.3
#RevolutToDelistUSDT
#MoonbeamToMigrateGLMRToBase
#GillibrandCallsForDigitalAssetEthicsBan
#ZcashIronwoodUpgradeNearsTestnet
346
Article
Trump Accounts to debut as US kicks off 250th Independence Day celebrationsJuly 4 (Reuters) - After months of fanfare, the Trump administration will launch its flagship cradle-to-adulthood investment program, Trump Accounts, on Saturday, as the United States begins celebrations marking the 250th anniversary of its independence.
Trump Accounts is central to the administration's push to promote investing and financial literacy from an early age.
The program will provide U.S. citizens born between 2025 and 2028 a government-funded investment account of $1,000 that families can build on, adding a new savings vehicle to a raft of other tax-efficient college savings plans and retirement accounts.
The $1,000 federal contribution at birth helps remove the barrier of having nothing to start with, which has historically been one of the biggest obstacles to saving," said Andy Blocker, head of policy, regulatory and government relations at financial services firm Edward Jones
If by year-end more families have a clear onramp to begin saving and investing for their children's financial futures, that's success."
Several top U.S. companies have pledged support for the program, with employer matches or additional seed funding.
Participating companies include payment giant Visa (V.N), opens new tab, technology company Dell <DELL.N>, and media and telecom firm Comcast (CMCSA.O), opens new tab. Earlier this week, chipmaker Micron (MU.O), opens new tab pledged $250 million to support Trump Accounts.
The launch comes as the rising cost of living has become a major issue for voters heading into the November midterm elections. Policymakers across the spectrum have increasingly turned to proposals aimed at helping families build wealth and improve long-term financial security.
About 3.6 million children were born in the United States in 2025, according to provisional data from the U.S. CDC. While only U.S. citizens born during Trump's second administration will receive the $1,000 government contribution, Americans can open a Trump Account for their children under age 18 with a valid Social Security number.
The Treasury Department is overseeing the program, with brokerage Robinhood (HOOD.O), opens new tab and custodian bank BNY (BNY.N), opens new tab acting as administrators. The Treasury has warned families to be vigilant against scams and fraudsters, and has provided information, opens new tab on what to look out for.
While supporters have hailed Trump Accounts as a way to encourage investing from an early age, some policy experts question whether it will significantly narrow wealth gaps, arguing that returns will depend largely on families' ability to make regular contributions and on decades of sustained market gains.
Government handouts have a long track record of failing to lift people out of poverty, and there's little reason to think this one will be different," said Adam Michel, director of tax policy studies at Washington-based think tank the Cato Institute.
He added that employer matching contributions are likely to be concentrated at large companies. "The real benefit lands on families who already have steady jobs and the capacity to save," Michel said
#PEPEATH
#jasmyustd
#MegadropLista
#CryptoWatchMay2024
#XRPHACKED
Trump Accounts to debut as US kicks off 250th Independence Day celebrations
July 4 (Reuters) - After months of fanfare, the Trump administration will launch its flagship cradle-to-adulthood investment program, Trump Accounts, on Saturday, as the United States begins celebrations marking the 250th anniversary of its independence.
Trump Accounts is central to the administration's push to promote investing and financial literacy from an early age.
The program will provide U.S. citizens born between 2025 and 2028 a government-funded investment account of $1,000 that families can build on, adding a new savings vehicle to a raft of other tax-efficient college savings plans and retirement accounts.
The $1,000 federal contribution at birth helps remove the barrier of having nothing to start with, which has historically been one of the biggest obstacles to saving," said Andy Blocker, head of policy, regulatory and government relations at financial services firm Edward Jones
If by year-end more families have a clear onramp to begin saving and investing for their children's financial futures, that's success."
Several top U.S. companies have pledged support for the program, with employer matches or additional seed funding.
Participating companies include payment giant Visa (V.N), opens new tab, technology company Dell <DELL.N>, and media and telecom firm Comcast (CMCSA.O), opens new tab. Earlier this week, chipmaker Micron (MU.O), opens new tab pledged $250 million to support Trump Accounts.
The launch comes as the rising cost of living has become a major issue for voters heading into the November midterm elections. Policymakers across the spectrum have increasingly turned to proposals aimed at helping families build wealth and improve long-term financial security.
About 3.6 million children were born in the United States in 2025, according to provisional data from the U.S. CDC. While only U.S. citizens born during Trump's second administration will receive the $1,000 government contribution, Americans can open a Trump Account for their children under age 18 with a valid Social Security number.
The Treasury Department is overseeing the program, with brokerage Robinhood (HOOD.O), opens new tab and custodian bank BNY (BNY.N), opens new tab acting as administrators. The Treasury has warned families to be vigilant against scams and fraudsters, and has provided information, opens new tab on what to look out for.
While supporters have hailed Trump Accounts as a way to encourage investing from an early age, some policy experts question whether it will significantly narrow wealth gaps, arguing that returns will depend largely on families' ability to make regular contributions and on decades of sustained market gains.
Government handouts have a long track record of failing to lift people out of poverty, and there's little reason to think this one will be different," said Adam Michel, director of tax policy studies at Washington-based think tank the Cato Institute.
He added that employer matching contributions are likely to be concentrated at large companies. "The real benefit lands on families who already have steady jobs and the capacity to save," Michel said
#PEPEATH
#jasmyustd
#MegadropLista
#CryptoWatchMay2024
#XRPHACKED
Trump Accounts is central to the administration's push to promote investing and financial literacy from an early age.
The program will provide U.S. citizens born between 2025 and 2028 a government-funded investment account of $1,000 that families can build on, adding a new savings vehicle to a raft of other tax-efficient college savings plans and retirement accounts.
The $1,000 federal contribution at birth helps remove the barrier of having nothing to start with, which has historically been one of the biggest obstacles to saving," said Andy Blocker, head of policy, regulatory and government relations at financial services firm Edward Jones
If by year-end more families have a clear onramp to begin saving and investing for their children's financial futures, that's success."
Several top U.S. companies have pledged support for the program, with employer matches or additional seed funding.
Participating companies include payment giant Visa (V.N), opens new tab, technology company Dell <DELL.N>, and media and telecom firm Comcast (CMCSA.O), opens new tab. Earlier this week, chipmaker Micron (MU.O), opens new tab pledged $250 million to support Trump Accounts.
The launch comes as the rising cost of living has become a major issue for voters heading into the November midterm elections. Policymakers across the spectrum have increasingly turned to proposals aimed at helping families build wealth and improve long-term financial security.
About 3.6 million children were born in the United States in 2025, according to provisional data from the U.S. CDC. While only U.S. citizens born during Trump's second administration will receive the $1,000 government contribution, Americans can open a Trump Account for their children under age 18 with a valid Social Security number.
The Treasury Department is overseeing the program, with brokerage Robinhood (HOOD.O), opens new tab and custodian bank BNY (BNY.N), opens new tab acting as administrators. The Treasury has warned families to be vigilant against scams and fraudsters, and has provided information, opens new tab on what to look out for.
While supporters have hailed Trump Accounts as a way to encourage investing from an early age, some policy experts question whether it will significantly narrow wealth gaps, arguing that returns will depend largely on families' ability to make regular contributions and on decades of sustained market gains.
Government handouts have a long track record of failing to lift people out of poverty, and there's little reason to think this one will be different," said Adam Michel, director of tax policy studies at Washington-based think tank the Cato Institute.
He added that employer matching contributions are likely to be concentrated at large companies. "The real benefit lands on families who already have steady jobs and the capacity to save," Michel said
#PEPEATH
#jasmyustd
#MegadropLista
#CryptoWatchMay2024
#XRPHACKED
VUS-1.66%
DELLUS+1.70%
MUUS-6.52%
169
Article
Paramount offers remedies for Warner deal, making EU approval likelyBRUSSELS, July 1 (Reuters) - Paramount Skydance Corp (PSKY.O), opens new tab has offered remedies to address EU competition concerns about its $110 billion acquisition of Warner Bros Discovery (WBD.O), opens new tab, a regulatory filing showed on Wednesday, in a move which a source told Reuters last week was likely to gain European Commission approval for the deal.
Paramount said it was "confident that this remedy directly and comprehensively addresses any concerns expressed in the European Commission's preliminary assessment and support the path for timely clearance.
The Commission, which acts as EU competition enforcer, did not provide details of the remedies, in line with its policy.
A person with direct knowledge of the matter told Reuters last week that Paramount would propose ditching its film distribution joint venture with Universal Pictures to allay antitrust concerns voiced by European cinema operators.
The Commission extended its deadline for its decision to July 22 from July 7 to give it time to assess the remedy.
The U.S. Department of Justice has cleared the deal but Paramount could face a hurdle as California, New York and other U.S. states are preparing a lawsuit to block it, sources have told Reuters.
Britain said on Tuesday it may intervene in the deal because of the potential impact on news, children's television and streaming services
#BitcoinFallsOver50%FromOctoberHigh
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Paramount offers remedies for Warner deal, making EU approval likely
BRUSSELS, July 1 (Reuters) - Paramount Skydance Corp (PSKY.O), opens new tab has offered remedies to address EU competition concerns about its $110 billion acquisition of Warner Bros Discovery (WBD.O), opens new tab, a regulatory filing showed on Wednesday, in a move which a source told Reuters last week was likely to gain European Commission approval for the deal.
Paramount said it was "confident that this remedy directly and comprehensively addresses any concerns expressed in the European Commission's preliminary assessment and support the path for timely clearance.
The Commission, which acts as EU competition enforcer, did not provide details of the remedies, in line with its policy.
A person with direct knowledge of the matter told Reuters last week that Paramount would propose ditching its film distribution joint venture with Universal Pictures to allay antitrust concerns voiced by European cinema operators.
The Commission extended its deadline for its decision to July 22 from July 7 to give it time to assess the remedy.
The U.S. Department of Justice has cleared the deal but Paramount could face a hurdle as California, New York and other U.S. states are preparing a lawsuit to block it, sources have told Reuters.
Britain said on Tuesday it may intervene in the deal because of the potential impact on news, children's television and streaming services
#BitcoinFallsOver50%FromOctoberHigh
#MoonbeamToMigrateGLMRToBase
#COMEXGoldSettlesUp1.49%At$4187.3
#GillibrandCallsForDigitalAssetEthicsBan
#RevolutToDelistUSDT .
Paramount said it was "confident that this remedy directly and comprehensively addresses any concerns expressed in the European Commission's preliminary assessment and support the path for timely clearance.
The Commission, which acts as EU competition enforcer, did not provide details of the remedies, in line with its policy.
A person with direct knowledge of the matter told Reuters last week that Paramount would propose ditching its film distribution joint venture with Universal Pictures to allay antitrust concerns voiced by European cinema operators.
The Commission extended its deadline for its decision to July 22 from July 7 to give it time to assess the remedy.
The U.S. Department of Justice has cleared the deal but Paramount could face a hurdle as California, New York and other U.S. states are preparing a lawsuit to block it, sources have told Reuters.
Britain said on Tuesday it may intervene in the deal because of the potential impact on news, children's television and streaming services
#BitcoinFallsOver50%FromOctoberHigh
#MoonbeamToMigrateGLMRToBase
#COMEXGoldSettlesUp1.49%At$4187.3
#GillibrandCallsForDigitalAssetEthicsBan
#RevolutToDelistUSDT .
WBDUS+0.36%
147
Article
Ukrainian family in Kyiv loses treasured cultural items in Russian attackKYIV, July 3 (Reuters) - Iryna Plekhova wobbled as she stepped over the ashes of family treasures such as charred books, scorched icons and a melted rosary in her Kyiv apartment, damaged on Thursday in a Russian airstrike.
The rosary, she said, was given to her family by Pope Francis.
We don't have anything left," said Plekhova, a 42-year-old cultural manager. "Everything was totally burned."
Thursday's missile and drone attack, one of the worst attacks on Kyiv in more than four years of war, killed 30 people and wrought damage across the Ukrainian capital.
It also wiped away precious items which Plekhova and her film-director husband had collected over decades. The couple lived in a building near the country's largest film archive which had historically housed Ukrainian filmmakers.
It had been slightly damaged in a previous attack on June 15, but debris from Thursday's strike caused a fire that engulfed much of the structure
Among the lost items were around 5,000 old books, an icon her grandmother had kept throughout World War Two and DVDs of old footage the couple had planned to submit to the archive.
Dressed in a disposable medical smock as she sorted through the debris, Plekhova flashed a smile when she noticed a lightly damaged plaque featuring Ukraine's coat of arms sitting on a blown-out windowsill.
Oh my lord, look what's left - I'll take it," she said. Pointing to the corner, she added: "And there was also a Ukrainian flag hanging here."
Attacks by Russia, which launched its full-scale invasion in 2022, have frequently damaged Ukrainian landmarks, monuments and staples of cultural heritage, ranging from museums to churches.
Last month, the Dormition Cathedral of Kyiv's Pechersk Lavra complex - one of the holiest sites in Ukraine - was badly damaged in what Ukrainian officials said was a deliberate attack.
Plekhova and other Ukrainians say Russia is attempting to erase their culture as part of its war. Moscow has said it strikes only targets associated with Ukraine's war effort.
#Robertkiyosaki
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Ukrainian family in Kyiv loses treasured cultural items in Russian attack
KYIV, July 3 (Reuters) - Iryna Plekhova wobbled as she stepped over the ashes of family treasures such as charred books, scorched icons and a melted rosary in her Kyiv apartment, damaged on Thursday in a Russian airstrike.
The rosary, she said, was given to her family by Pope Francis.
We don't have anything left," said Plekhova, a 42-year-old cultural manager. "Everything was totally burned."
Thursday's missile and drone attack, one of the worst attacks on Kyiv in more than four years of war, killed 30 people and wrought damage across the Ukrainian capital.
It also wiped away precious items which Plekhova and her film-director husband had collected over decades. The couple lived in a building near the country's largest film archive which had historically housed Ukrainian filmmakers.
It had been slightly damaged in a previous attack on June 15, but debris from Thursday's strike caused a fire that engulfed much of the structure
Among the lost items were around 5,000 old books, an icon her grandmother had kept throughout World War Two and DVDs of old footage the couple had planned to submit to the archive.
Dressed in a disposable medical smock as she sorted through the debris, Plekhova flashed a smile when she noticed a lightly damaged plaque featuring Ukraine's coat of arms sitting on a blown-out windowsill.
Oh my lord, look what's left - I'll take it," she said. Pointing to the corner, she added: "And there was also a Ukrainian flag hanging here."
Attacks by Russia, which launched its full-scale invasion in 2022, have frequently damaged Ukrainian landmarks, monuments and staples of cultural heritage, ranging from museums to churches.
Last month, the Dormition Cathedral of Kyiv's Pechersk Lavra complex - one of the holiest sites in Ukraine - was badly damaged in what Ukrainian officials said was a deliberate attack.
Plekhova and other Ukrainians say Russia is attempting to erase their culture as part of its war. Moscow has said it strikes only targets associated with Ukraine's war effort.
#Robertkiyosaki
#GillibrandCallsForDigitalAssetEthicsBan
#MoonbeamToMigrateGLMRToBase
#BitcoinFallsOver50%FromOctoberHigh
#JunePayrolls57KHikeOddsFallTo50%
The rosary, she said, was given to her family by Pope Francis.
We don't have anything left," said Plekhova, a 42-year-old cultural manager. "Everything was totally burned."
Thursday's missile and drone attack, one of the worst attacks on Kyiv in more than four years of war, killed 30 people and wrought damage across the Ukrainian capital.
It also wiped away precious items which Plekhova and her film-director husband had collected over decades. The couple lived in a building near the country's largest film archive which had historically housed Ukrainian filmmakers.
It had been slightly damaged in a previous attack on June 15, but debris from Thursday's strike caused a fire that engulfed much of the structure
Among the lost items were around 5,000 old books, an icon her grandmother had kept throughout World War Two and DVDs of old footage the couple had planned to submit to the archive.
Dressed in a disposable medical smock as she sorted through the debris, Plekhova flashed a smile when she noticed a lightly damaged plaque featuring Ukraine's coat of arms sitting on a blown-out windowsill.
Oh my lord, look what's left - I'll take it," she said. Pointing to the corner, she added: "And there was also a Ukrainian flag hanging here."
Attacks by Russia, which launched its full-scale invasion in 2022, have frequently damaged Ukrainian landmarks, monuments and staples of cultural heritage, ranging from museums to churches.
Last month, the Dormition Cathedral of Kyiv's Pechersk Lavra complex - one of the holiest sites in Ukraine - was badly damaged in what Ukrainian officials said was a deliberate attack.
Plekhova and other Ukrainians say Russia is attempting to erase their culture as part of its war. Moscow has said it strikes only targets associated with Ukraine's war effort.
#Robertkiyosaki
#GillibrandCallsForDigitalAssetEthicsBan
#MoonbeamToMigrateGLMRToBase
#BitcoinFallsOver50%FromOctoberHigh
#JunePayrolls57KHikeOddsFallTo50%
4
1
984
Article
Vanishingly rare' copy of U.S. Declaration of Independence unearthed in UK archivesLONDON, July 3 (Reuters) - A "vanishingly rare" copy of the Declaration of Independence has been found in London, dug up in archives holding documents from the British capture of an American privateer ship in 1776, just as the United States celebrates its 250th anniversary.
The text, famous for its rallying cry for "life, liberty and the pursuit of happiness", had been listed in 18th century records as simply "another document" but in May a volunteer at Britain's National Archives took a closer look.
Unearthing and handling such a significant historical document has been thrilling, particularly in this important anniversary year," said Michael Scurr, the volunteer who found it while working on a cataloguing project.
News of the discovery was published on Friday, the day before the U.S. celebrates its semiquincentennial Declaration of Independence from Britain, when millions of Americans will enjoy cookouts and display the Stars and Stripes outside their homes.
Back in 1776, July 4 was when the declaration was adopted by Congress, and as the revolutionary mood swept through the American colonies, supportive printers rushed to reproduce it and share as widely as they could the new country's founding document.
The one found in London was printed in Exeter, New Hampshire, in mid-July 1776 and is the 11th surviving copy of the so-called "Exeter Declarations", and the first to be found outside the United States.
Eleazer Johnson, captain of the Dalton ship, picked up a copy some months later that same year before he set sail across the Atlantic on a mission to try to seize British vessels, possibly hoping the text would inspire his crew to fight for the new country.
But on December 24, 1776, off the coast of Portugal, the Royal Navy captured the Dalton, and brought it and its contents back to Plymouth, southwest England.
The National Archives said the document is the only known copy of the declaration taken by military action.
Under the red tape of late 18th century England, all British captains had to present a captured ship's documents to the authorities in order to claim their share of the prize.
Given the British seized 3,600 ships during the American Revolutionary War, the National Archives offers a vast and fertile hunting ground for historians.
Thanks to the bureaucratic processes of war ... we can present an unusually rich backstory that most surviving declarations do not have," Graham Moore, curator at the National Archives, said.
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Vanishingly rare' copy of U.S. Declaration of Independence unearthed in UK archives
LONDON, July 3 (Reuters) - A "vanishingly rare" copy of the Declaration of Independence has been found in London, dug up in archives holding documents from the British capture of an American privateer ship in 1776, just as the United States celebrates its 250th anniversary.
The text, famous for its rallying cry for "life, liberty and the pursuit of happiness", had been listed in 18th century records as simply "another document" but in May a volunteer at Britain's National Archives took a closer look.
Unearthing and handling such a significant historical document has been thrilling, particularly in this important anniversary year," said Michael Scurr, the volunteer who found it while working on a cataloguing project.
News of the discovery was published on Friday, the day before the U.S. celebrates its semiquincentennial Declaration of Independence from Britain, when millions of Americans will enjoy cookouts and display the Stars and Stripes outside their homes.
Back in 1776, July 4 was when the declaration was adopted by Congress, and as the revolutionary mood swept through the American colonies, supportive printers rushed to reproduce it and share as widely as they could the new country's founding document.
The one found in London was printed in Exeter, New Hampshire, in mid-July 1776 and is the 11th surviving copy of the so-called "Exeter Declarations", and the first to be found outside the United States.
Eleazer Johnson, captain of the Dalton ship, picked up a copy some months later that same year before he set sail across the Atlantic on a mission to try to seize British vessels, possibly hoping the text would inspire his crew to fight for the new country.
But on December 24, 1776, off the coast of Portugal, the Royal Navy captured the Dalton, and brought it and its contents back to Plymouth, southwest England.
The National Archives said the document is the only known copy of the declaration taken by military action.
Under the red tape of late 18th century England, all British captains had to present a captured ship's documents to the authorities in order to claim their share of the prize.
Given the British seized 3,600 ships during the American Revolutionary War, the National Archives offers a vast and fertile hunting ground for historians.
Thanks to the bureaucratic processes of war ... we can present an unusually rich backstory that most surviving declarations do not have," Graham Moore, curator at the National Archives, said.
#CelestiaDeploysV9MainnetUpgrade
#DowHitsRecordHigh
#BitcoinReboundsAbove$61K
#SanDiskSeagateMicronSlide
#PhiladelphiaSemiconductorIndexFalls4%
The text, famous for its rallying cry for "life, liberty and the pursuit of happiness", had been listed in 18th century records as simply "another document" but in May a volunteer at Britain's National Archives took a closer look.
Unearthing and handling such a significant historical document has been thrilling, particularly in this important anniversary year," said Michael Scurr, the volunteer who found it while working on a cataloguing project.
News of the discovery was published on Friday, the day before the U.S. celebrates its semiquincentennial Declaration of Independence from Britain, when millions of Americans will enjoy cookouts and display the Stars and Stripes outside their homes.
Back in 1776, July 4 was when the declaration was adopted by Congress, and as the revolutionary mood swept through the American colonies, supportive printers rushed to reproduce it and share as widely as they could the new country's founding document.
The one found in London was printed in Exeter, New Hampshire, in mid-July 1776 and is the 11th surviving copy of the so-called "Exeter Declarations", and the first to be found outside the United States.
Eleazer Johnson, captain of the Dalton ship, picked up a copy some months later that same year before he set sail across the Atlantic on a mission to try to seize British vessels, possibly hoping the text would inspire his crew to fight for the new country.
But on December 24, 1776, off the coast of Portugal, the Royal Navy captured the Dalton, and brought it and its contents back to Plymouth, southwest England.
The National Archives said the document is the only known copy of the declaration taken by military action.
Under the red tape of late 18th century England, all British captains had to present a captured ship's documents to the authorities in order to claim their share of the prize.
Given the British seized 3,600 ships during the American Revolutionary War, the National Archives offers a vast and fertile hunting ground for historians.
Thanks to the bureaucratic processes of war ... we can present an unusually rich backstory that most surviving declarations do not have," Graham Moore, curator at the National Archives, said.
#CelestiaDeploysV9MainnetUpgrade
#DowHitsRecordHigh
#BitcoinReboundsAbove$61K
#SanDiskSeagateMicronSlide
#PhiladelphiaSemiconductorIndexFalls4%
306
Article
Pick n Pay launches AI grocery shopping assistant in South AfricaJOHANNESBURG, July 2 (Reuters) - South African retailer Pick n Pay (PIKJ.J), opens new tab on Thursday launched an artificial intelligence-powered shopping assistant that helps customers build grocery orders using voice, text or photos instead of searching for products manually.
The move is part of a drive by South Africa's second-biggest retailer by revenue to strengthen its online offering as it pursues a turnaround after years of weak trading and market share losses to larger rival Shoprite (SHPJ.J), opens new tab.
Shoprite's Checkers Sixty60 platform dominates South Africa's fast-growing on-demand grocery market, pushing rivals to invest heavily in digital tools and services.
Retailers around the world are experimenting with generative AI to personalise recommendations, improve search functions and simplify online shopping as advances in large language models enable more natural interactions with consumers.
Known as "Penny", the assistant allows shoppers to order groceries conversationally in multiple languages using voice notes, text prompts or images, including photographs of handwritten shopping lists, recipes or products they want to buy.
It can also suggest recipes, recommend ingredient substitutions, help with meal planning and budget-conscious shopping, and generate personalised product recommendations.
On-demand delivery changed how people shop. AI is now changing how they order," Enrico Ferigolli, omnichannel retail executive at Pick n Pay told reporters at the launch event.
Consumers no longer just want speed, they want shopping apps to think for them ... By helping customers, our sales will grow," he added.
Ferigolli said more AI-powered features would be introduced in the coming months
Earlier this year, Shoprite stepped up its investment in the technology by launching an AI assistant that recommends replenishment purchases, new products and personalised deals.
#BitcoinReboundsAbove$61K
#BitcoinFalls44%FromJanuaryPeak
#BinanceHerYerde
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#SouthKoreanStocksRise5%
Pick n Pay launches AI grocery shopping assistant in South Africa
JOHANNESBURG, July 2 (Reuters) - South African retailer Pick n Pay (PIKJ.J), opens new tab on Thursday launched an artificial intelligence-powered shopping assistant that helps customers build grocery orders using voice, text or photos instead of searching for products manually.
The move is part of a drive by South Africa's second-biggest retailer by revenue to strengthen its online offering as it pursues a turnaround after years of weak trading and market share losses to larger rival Shoprite (SHPJ.J), opens new tab.
Shoprite's Checkers Sixty60 platform dominates South Africa's fast-growing on-demand grocery market, pushing rivals to invest heavily in digital tools and services.
Retailers around the world are experimenting with generative AI to personalise recommendations, improve search functions and simplify online shopping as advances in large language models enable more natural interactions with consumers.
Known as "Penny", the assistant allows shoppers to order groceries conversationally in multiple languages using voice notes, text prompts or images, including photographs of handwritten shopping lists, recipes or products they want to buy.
It can also suggest recipes, recommend ingredient substitutions, help with meal planning and budget-conscious shopping, and generate personalised product recommendations.
On-demand delivery changed how people shop. AI is now changing how they order," Enrico Ferigolli, omnichannel retail executive at Pick n Pay told reporters at the launch event.
Consumers no longer just want speed, they want shopping apps to think for them ... By helping customers, our sales will grow," he added.
Ferigolli said more AI-powered features would be introduced in the coming months
Earlier this year, Shoprite stepped up its investment in the technology by launching an AI assistant that recommends replenishment purchases, new products and personalised deals.
#BitcoinReboundsAbove$61K
#BitcoinFalls44%FromJanuaryPeak
#BinanceHerYerde
#MegadropLista
#SouthKoreanStocksRise5%
The move is part of a drive by South Africa's second-biggest retailer by revenue to strengthen its online offering as it pursues a turnaround after years of weak trading and market share losses to larger rival Shoprite (SHPJ.J), opens new tab.
Shoprite's Checkers Sixty60 platform dominates South Africa's fast-growing on-demand grocery market, pushing rivals to invest heavily in digital tools and services.
Retailers around the world are experimenting with generative AI to personalise recommendations, improve search functions and simplify online shopping as advances in large language models enable more natural interactions with consumers.
Known as "Penny", the assistant allows shoppers to order groceries conversationally in multiple languages using voice notes, text prompts or images, including photographs of handwritten shopping lists, recipes or products they want to buy.
It can also suggest recipes, recommend ingredient substitutions, help with meal planning and budget-conscious shopping, and generate personalised product recommendations.
On-demand delivery changed how people shop. AI is now changing how they order," Enrico Ferigolli, omnichannel retail executive at Pick n Pay told reporters at the launch event.
Consumers no longer just want speed, they want shopping apps to think for them ... By helping customers, our sales will grow," he added.
Ferigolli said more AI-powered features would be introduced in the coming months
Earlier this year, Shoprite stepped up its investment in the technology by launching an AI assistant that recommends replenishment purchases, new products and personalised deals.
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Article
Tesla driver charged with manslaughter over crash into Texas homeJuly 2 (Reuters) - A Texas man has been charged with manslaughter after driving a Tesla (TSLA.O), opens new tab operating with its automated driving assistance system into a suburban Houston home, killing a 76-year-old grandmother, court papers show.
Michael David Butler, 44, told police he was operating his Model 3 in Full Self-Driving mode on June 19 when he plowed into Martha Avila's home in Katy, Texas, and told paramedics "the car was on 'Autopilot,'" according to court papers. Avila died later at a nearby hospital.
According to an arrest affidavit, Butler said he was making a DoorDash delivery run when he changed the music on the Tesla's touch screen, and eventually "passed out
His speed reached 73 miles per hour, more than double the legal limit, and the brake pedal wasn't used in the minute before the crash, the affidavit said. Butler denied having felt ill, and no alcohol or common street drugs were in his system, the affidavit said.
According to KHOU television, Butler appeared in probable cause court on Thursday where bail was set at $150,000, with requirements that he wear an ankle monitor and not drive.
The National Highway Traffic Safety Administration has been investigating the crash, and has since 2016 opened nearly 50 special investigations of Tesla crashes believed to involve advanced driver assistance systems. About two dozen deaths were reported.
Tesla has said its Autopilot system enables vehicles to steer, accelerate and brake within their lanes, while Full Self-Driving lets vehicles obey traffic signals and change lanes. Both require "fully attentive" drivers, it has said.
Avila's family sued Tesla last week, saying her wrongful death reflected the electric vehicle maker's gross negligence and failure to warn that its self-driving systems were defective.
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Tesla driver charged with manslaughter over crash into Texas home
July 2 (Reuters) - A Texas man has been charged with manslaughter after driving a Tesla (TSLA.O), opens new tab operating with its automated driving assistance system into a suburban Houston home, killing a 76-year-old grandmother, court papers show.
Michael David Butler, 44, told police he was operating his Model 3 in Full Self-Driving mode on June 19 when he plowed into Martha Avila's home in Katy, Texas, and told paramedics "the car was on 'Autopilot,'" according to court papers. Avila died later at a nearby hospital.
According to an arrest affidavit, Butler said he was making a DoorDash delivery run when he changed the music on the Tesla's touch screen, and eventually "passed out
His speed reached 73 miles per hour, more than double the legal limit, and the brake pedal wasn't used in the minute before the crash, the affidavit said. Butler denied having felt ill, and no alcohol or common street drugs were in his system, the affidavit said.
According to KHOU television, Butler appeared in probable cause court on Thursday where bail was set at $150,000, with requirements that he wear an ankle monitor and not drive.
The National Highway Traffic Safety Administration has been investigating the crash, and has since 2016 opened nearly 50 special investigations of Tesla crashes believed to involve advanced driver assistance systems. About two dozen deaths were reported.
Tesla has said its Autopilot system enables vehicles to steer, accelerate and brake within their lanes, while Full Self-Driving lets vehicles obey traffic signals and change lanes. Both require "fully attentive" drivers, it has said.
Avila's family sued Tesla last week, saying her wrongful death reflected the electric vehicle maker's gross negligence and failure to warn that its self-driving systems were defective.
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Michael David Butler, 44, told police he was operating his Model 3 in Full Self-Driving mode on June 19 when he plowed into Martha Avila's home in Katy, Texas, and told paramedics "the car was on 'Autopilot,'" according to court papers. Avila died later at a nearby hospital.
According to an arrest affidavit, Butler said he was making a DoorDash delivery run when he changed the music on the Tesla's touch screen, and eventually "passed out
His speed reached 73 miles per hour, more than double the legal limit, and the brake pedal wasn't used in the minute before the crash, the affidavit said. Butler denied having felt ill, and no alcohol or common street drugs were in his system, the affidavit said.
According to KHOU television, Butler appeared in probable cause court on Thursday where bail was set at $150,000, with requirements that he wear an ankle monitor and not drive.
The National Highway Traffic Safety Administration has been investigating the crash, and has since 2016 opened nearly 50 special investigations of Tesla crashes believed to involve advanced driver assistance systems. About two dozen deaths were reported.
Tesla has said its Autopilot system enables vehicles to steer, accelerate and brake within their lanes, while Full Self-Driving lets vehicles obey traffic signals and change lanes. Both require "fully attentive" drivers, it has said.
Avila's family sued Tesla last week, saying her wrongful death reflected the electric vehicle maker's gross negligence and failure to warn that its self-driving systems were defective.
#JuneJobsDataCoolsFedHikeBets
#USNonfarmPayrollsAdd57K
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Nissan CEO’s US mission: shed rental-car imageJuly 1 (Reuters) - Nissan (7201.T), opens new tab CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle sales ticked higher. But he knows there’s still a long way to go.
Espinosa, who took the top job at the Japanese automaker in April 2025, has made the U.S. a core piece of his revival strategy. Nissan’s U.S. market share hovers just above 6%, down from around 9% a decade ago.
Espinosa, a 47-year-old Mexican national, has been candid in his view that Nissan lost its way in the U.S. It was pushing too hard to grow sales, which led to quality and image problems, the CEO told Reuters in an interview Wednesday.
For much of the past decade, Nissan offered unusually steep discounts in a bid to sell more cars and boost its market share, which dealers say hurt resale values. Aggressive selling to rental-car companies also a sales-boosting tactic – cheapened the brand’s image, Espinosa said.
Before, it was like, okay, we want volume, volume, volume. This is not a good way of operating a car company,” he said, adding that he'd like to largely "stay away" from the rental market.
Today, the CEO says he’s after healthy sales growth. Nissan is touting its vehicle quality, including a recent strong showing in a closely watched JD Power survey of new vehicle owners. Espinosa said a forthcoming influx of new models also will help his quest for a U.S. rebound.
Among the first of those is a hybrid version of Nissan’s Rogue compact SUV, its top seller, due to go on sale late this year. Espinosa said Nissan missed an opportunity to win customers with hybrid cars, which have surged in popularity in the past few years, especially amid higher gas prices from the Iran war.
Nissan also is planning to launch new, rugged SUVs built on a truck-like frame, including the re-introduction of the Xterra, which was sold in the U.S. from the 1990s to the mid-2010s.
The U.S. strategy is part of a sweeping revival plan that includes cutting Nissan’s global manufacturing footprint and workforce by 15% to control costs. Nissan also is scouting for partnerships to help it develop vehicle technologies, following an aborted plan to merge with Honda (7267.T), opens new tab.
Harry Criswell, who owns a Nissan store in the Washington, D.C. area, said dealers are optimistic that Espinosa, a former product planner, can deliver.
It will work if he can come out with must-have products,” Criswell said.
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Nissan CEO’s US mission: shed rental-car image
July 1 (Reuters) - Nissan (7201.T), opens new tab CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle sales ticked higher. But he knows there’s still a long way to go.
Espinosa, who took the top job at the Japanese automaker in April 2025, has made the U.S. a core piece of his revival strategy. Nissan’s U.S. market share hovers just above 6%, down from around 9% a decade ago.
Espinosa, a 47-year-old Mexican national, has been candid in his view that Nissan lost its way in the U.S. It was pushing too hard to grow sales, which led to quality and image problems, the CEO told Reuters in an interview Wednesday.
For much of the past decade, Nissan offered unusually steep discounts in a bid to sell more cars and boost its market share, which dealers say hurt resale values. Aggressive selling to rental-car companies also a sales-boosting tactic – cheapened the brand’s image, Espinosa said.
Before, it was like, okay, we want volume, volume, volume. This is not a good way of operating a car company,” he said, adding that he'd like to largely "stay away" from the rental market.
Today, the CEO says he’s after healthy sales growth. Nissan is touting its vehicle quality, including a recent strong showing in a closely watched JD Power survey of new vehicle owners. Espinosa said a forthcoming influx of new models also will help his quest for a U.S. rebound.
Among the first of those is a hybrid version of Nissan’s Rogue compact SUV, its top seller, due to go on sale late this year. Espinosa said Nissan missed an opportunity to win customers with hybrid cars, which have surged in popularity in the past few years, especially amid higher gas prices from the Iran war.
Nissan also is planning to launch new, rugged SUVs built on a truck-like frame, including the re-introduction of the Xterra, which was sold in the U.S. from the 1990s to the mid-2010s.
The U.S. strategy is part of a sweeping revival plan that includes cutting Nissan’s global manufacturing footprint and workforce by 15% to control costs. Nissan also is scouting for partnerships to help it develop vehicle technologies, following an aborted plan to merge with Honda (7267.T), opens new tab.
Harry Criswell, who owns a Nissan store in the Washington, D.C. area, said dealers are optimistic that Espinosa, a former product planner, can deliver.
It will work if he can come out with must-have products,” Criswell said.
#MemeCoreMTokenRebounds150%
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#PhiladelphiaSemiconductorIndexFalls4%
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#USNonfarmPayrollsAdd57K
Espinosa, who took the top job at the Japanese automaker in April 2025, has made the U.S. a core piece of his revival strategy. Nissan’s U.S. market share hovers just above 6%, down from around 9% a decade ago.
Espinosa, a 47-year-old Mexican national, has been candid in his view that Nissan lost its way in the U.S. It was pushing too hard to grow sales, which led to quality and image problems, the CEO told Reuters in an interview Wednesday.
For much of the past decade, Nissan offered unusually steep discounts in a bid to sell more cars and boost its market share, which dealers say hurt resale values. Aggressive selling to rental-car companies also a sales-boosting tactic – cheapened the brand’s image, Espinosa said.
Before, it was like, okay, we want volume, volume, volume. This is not a good way of operating a car company,” he said, adding that he'd like to largely "stay away" from the rental market.
Today, the CEO says he’s after healthy sales growth. Nissan is touting its vehicle quality, including a recent strong showing in a closely watched JD Power survey of new vehicle owners. Espinosa said a forthcoming influx of new models also will help his quest for a U.S. rebound.
Among the first of those is a hybrid version of Nissan’s Rogue compact SUV, its top seller, due to go on sale late this year. Espinosa said Nissan missed an opportunity to win customers with hybrid cars, which have surged in popularity in the past few years, especially amid higher gas prices from the Iran war.
Nissan also is planning to launch new, rugged SUVs built on a truck-like frame, including the re-introduction of the Xterra, which was sold in the U.S. from the 1990s to the mid-2010s.
The U.S. strategy is part of a sweeping revival plan that includes cutting Nissan’s global manufacturing footprint and workforce by 15% to control costs. Nissan also is scouting for partnerships to help it develop vehicle technologies, following an aborted plan to merge with Honda (7267.T), opens new tab.
Harry Criswell, who owns a Nissan store in the Washington, D.C. area, said dealers are optimistic that Espinosa, a former product planner, can deliver.
It will work if he can come out with must-have products,” Criswell said.
#MemeCoreMTokenRebounds150%
#EthereumBreaks$1700Up7.98%
#PhiladelphiaSemiconductorIndexFalls4%
#JuneJobsDataCoolsFedHikeBets
#USNonfarmPayrollsAdd57K
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Article
Automakers tap America's 250th, World Cup to rev up patriotismDETROIT, July 2 (Reuters) - U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington.
A promotion from Jeep-maker Stellantis (STLAM.MI), opens new tab vows to give away Wrangler SUVs to 100 U.S. residents legally named after the country’s first president – if the underdog Americans take home the World Cup trophy.
Fully loaded with freedom, the tears of our opponents, and a middle finger to the metric system,” said comedian Iliza Shlesinger in a Jeep ad for the promotion, speaking in front of a painting of the founding father crossing the Delaware River in a white Wrangler.
Chevrolet is reviving its “Heartbeat of America” campaign from last century as part of a yearlong push around the 250th. The General Motors (GM.N), opens new tab brand recently had a Corvette ZR1X speed around the Indianapolis Motor Speedway to extinguish 250 jumbo-sized birthday candles along the track.
Impassioned or nostalgic events like the World Cup and America’s milestone birthday give companies a chance to resonate more deeply with a wider range of potential customers, said Americus Reed, professor of marketing at the Wharton School of the University of Pennsylvania.
For the carmakers, there’s an added benefit to the America-first messaging: appeasing U.S. President Donald Trump, who has long had a fixation with American car factories and workers.
Following the president’s barrage of tariffs in the spring of 2025, aimed at spurring U.S. manufacturing investment, the automakers touted their American factory roots across media platforms, from commercials to newspaper ads.
The automaker also launched a Captain America campaign around the 250th, bringing the superhero’s iconic shield to the Jeep Wrangler’s tire cover, which Francois described as a “more playful” ode to the country than the traditional flag.
The combination of the World Cup and America 250 landing in the same few months is a rare opportunity for automakers to grab audiences’ attention, he added.
These are two very, very special moments in the same year,” Francois said.
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Automakers tap America's 250th, World Cup to rev up patriotism
DETROIT, July 2 (Reuters) - U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington.
A promotion from Jeep-maker Stellantis (STLAM.MI), opens new tab vows to give away Wrangler SUVs to 100 U.S. residents legally named after the country’s first president – if the underdog Americans take home the World Cup trophy.
Fully loaded with freedom, the tears of our opponents, and a middle finger to the metric system,” said comedian Iliza Shlesinger in a Jeep ad for the promotion, speaking in front of a painting of the founding father crossing the Delaware River in a white Wrangler.
Chevrolet is reviving its “Heartbeat of America” campaign from last century as part of a yearlong push around the 250th. The General Motors (GM.N), opens new tab brand recently had a Corvette ZR1X speed around the Indianapolis Motor Speedway to extinguish 250 jumbo-sized birthday candles along the track.
Impassioned or nostalgic events like the World Cup and America’s milestone birthday give companies a chance to resonate more deeply with a wider range of potential customers, said Americus Reed, professor of marketing at the Wharton School of the University of Pennsylvania.
For the carmakers, there’s an added benefit to the America-first messaging: appeasing U.S. President Donald Trump, who has long had a fixation with American car factories and workers.
Following the president’s barrage of tariffs in the spring of 2025, aimed at spurring U.S. manufacturing investment, the automakers touted their American factory roots across media platforms, from commercials to newspaper ads.
The automaker also launched a Captain America campaign around the 250th, bringing the superhero’s iconic shield to the Jeep Wrangler’s tire cover, which Francois described as a “more playful” ode to the country than the traditional flag.
The combination of the World Cup and America 250 landing in the same few months is a rare opportunity for automakers to grab audiences’ attention, he added.
These are two very, very special moments in the same year,” Francois said.
#Binance1B$inStocks
#USADP98KMiss
#BitcoinFell20.5%InJuneTo$58526
#SKHynix2xLongETFFallsOver30%
#BitcoinWorstFirstHalfSince2022
A promotion from Jeep-maker Stellantis (STLAM.MI), opens new tab vows to give away Wrangler SUVs to 100 U.S. residents legally named after the country’s first president – if the underdog Americans take home the World Cup trophy.
Fully loaded with freedom, the tears of our opponents, and a middle finger to the metric system,” said comedian Iliza Shlesinger in a Jeep ad for the promotion, speaking in front of a painting of the founding father crossing the Delaware River in a white Wrangler.
Chevrolet is reviving its “Heartbeat of America” campaign from last century as part of a yearlong push around the 250th. The General Motors (GM.N), opens new tab brand recently had a Corvette ZR1X speed around the Indianapolis Motor Speedway to extinguish 250 jumbo-sized birthday candles along the track.
Impassioned or nostalgic events like the World Cup and America’s milestone birthday give companies a chance to resonate more deeply with a wider range of potential customers, said Americus Reed, professor of marketing at the Wharton School of the University of Pennsylvania.
For the carmakers, there’s an added benefit to the America-first messaging: appeasing U.S. President Donald Trump, who has long had a fixation with American car factories and workers.
Following the president’s barrage of tariffs in the spring of 2025, aimed at spurring U.S. manufacturing investment, the automakers touted their American factory roots across media platforms, from commercials to newspaper ads.
The automaker also launched a Captain America campaign around the 250th, bringing the superhero’s iconic shield to the Jeep Wrangler’s tire cover, which Francois described as a “more playful” ode to the country than the traditional flag.
The combination of the World Cup and America 250 landing in the same few months is a rare opportunity for automakers to grab audiences’ attention, he added.
These are two very, very special moments in the same year,” Francois said.
#Binance1B$inStocks
#USADP98KMiss
#BitcoinFell20.5%InJuneTo$58526
#SKHynix2xLongETFFallsOver30%
#BitcoinWorstFirstHalfSince2022
GMUS-2.15%
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Article
Tesla posts record second-quarter deliveries as Europe sales reboundJuly 2 (Reuters) - Tesla (TSLA.O), opens new tab blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America.
The strong figures suggest Tesla's mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence - the main drivers of the company's roughly $1.6 trillion valuation.
Tesla expects to spend more than $25 billion on capital expenditure in 2026, nearly triple the $8.5 billion last year, to expand AI infrastructure, battery production, Cybercab manufacturing and Optimus robots.
I think the huge growth in Europe is the key driver for Tesla right now. US sales still appear to be down, albeit less than the broader US EV decline, while China is seeing small growth," said Seth Goldstein, senior equity analyst at Morningstar.
Tesla's recovery in Europe was aided by government EV incentives, faster electrification of corporate fleets, higher fuel prices and an easing of the consumer backlash over CEO Elon Musk's far-right politics last year.
The company delivered 480,126 vehicles in the April-June period, a record for the second quarter and up about 25% from a year earlier, easily surpassing analysts' average estimate of 402,776 vehicles, according to Visible Alpha data.
The company expanded its robotaxi operations after launching a limited commercial service in Austin in June. Musk has said the company intends to rapidly expand the service through 2026.
Production of the Cybercab, Tesla's purpose-built autonomous vehicle without pedals or a steering wheel, is expected to ramp up later this year.
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Tesla posts record second-quarter deliveries as Europe sales rebound
July 2 (Reuters) - Tesla (TSLA.O), opens new tab blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America.
The strong figures suggest Tesla's mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence - the main drivers of the company's roughly $1.6 trillion valuation.
Tesla expects to spend more than $25 billion on capital expenditure in 2026, nearly triple the $8.5 billion last year, to expand AI infrastructure, battery production, Cybercab manufacturing and Optimus robots.
I think the huge growth in Europe is the key driver for Tesla right now. US sales still appear to be down, albeit less than the broader US EV decline, while China is seeing small growth," said Seth Goldstein, senior equity analyst at Morningstar.
Tesla's recovery in Europe was aided by government EV incentives, faster electrification of corporate fleets, higher fuel prices and an easing of the consumer backlash over CEO Elon Musk's far-right politics last year.
The company delivered 480,126 vehicles in the April-June period, a record for the second quarter and up about 25% from a year earlier, easily surpassing analysts' average estimate of 402,776 vehicles, according to Visible Alpha data.
The company expanded its robotaxi operations after launching a limited commercial service in Austin in June. Musk has said the company intends to rapidly expand the service through 2026.
Production of the Cybercab, Tesla's purpose-built autonomous vehicle without pedals or a steering wheel, is expected to ramp up later this year.
#Binance1B$inStocks
#USADP98KMiss
#AsianStocksDeclineOnChipSelloff
#MicronFalls10.5%
#Kriptocutrader
The strong figures suggest Tesla's mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence - the main drivers of the company's roughly $1.6 trillion valuation.
Tesla expects to spend more than $25 billion on capital expenditure in 2026, nearly triple the $8.5 billion last year, to expand AI infrastructure, battery production, Cybercab manufacturing and Optimus robots.
I think the huge growth in Europe is the key driver for Tesla right now. US sales still appear to be down, albeit less than the broader US EV decline, while China is seeing small growth," said Seth Goldstein, senior equity analyst at Morningstar.
Tesla's recovery in Europe was aided by government EV incentives, faster electrification of corporate fleets, higher fuel prices and an easing of the consumer backlash over CEO Elon Musk's far-right politics last year.
The company delivered 480,126 vehicles in the April-June period, a record for the second quarter and up about 25% from a year earlier, easily surpassing analysts' average estimate of 402,776 vehicles, according to Visible Alpha data.
The company expanded its robotaxi operations after launching a limited commercial service in Austin in June. Musk has said the company intends to rapidly expand the service through 2026.
Production of the Cybercab, Tesla's purpose-built autonomous vehicle without pedals or a steering wheel, is expected to ramp up later this year.
#Binance1B$inStocks
#USADP98KMiss
#AsianStocksDeclineOnChipSelloff
#MicronFalls10.5%
#Kriptocutrader
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2
783
Article
Together AI raises $800 million at $8.3 billion valuationJuly 1 (Reuters) - Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures (2222.SE), opens new tab, more than doubling the artificial intelligence startup's valuation to $8.3 billion.
Founded in 2022, the startup's platform lets companies train and run AI workloads on open models such as DeepSeek, MiniMax and Kimi at lower costs than closed systems.
Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia (NVDA.O), opens new tab, Salesforce Ventures (CRM.N), opens new tab, March Capital, Pegatron and SentinelOne's (S.N), opens new tab S
Together AI was valued at $3.3 billion in a February 2025 funding round led by General Catalyst, which had more than doubled its earlier $1.25 billion valuation from March 20
The company said it would use the Series C funding to widen its offerings as it expands into a provider of inference, which is the process of running trained AI models
The future of AI won't be owned by a few companies. It will be built by millions of developers and businesses, and open-source models are making that possible,” Together AI CEO Vipul Ved Prakash said.
The AI startup's annual bookings crossed $1.15 billion last quarter on the back of rising open-source model usage, the company said. It counts firms such as Cursor, Cognition and Decagon among its customers.
Together AI expects its computing capacity and infrastructure to expand roughly 50-fold over the next five years.
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Together AI raises $800 million at $8.3 billion valuation
July 1 (Reuters) - Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures (2222.SE), opens new tab, more than doubling the artificial intelligence startup's valuation to $8.3 billion.
Founded in 2022, the startup's platform lets companies train and run AI workloads on open models such as DeepSeek, MiniMax and Kimi at lower costs than closed systems.
Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia (NVDA.O), opens new tab, Salesforce Ventures (CRM.N), opens new tab, March Capital, Pegatron and SentinelOne's (S.N), opens new tab S
Together AI was valued at $3.3 billion in a February 2025 funding round led by General Catalyst, which had more than doubled its earlier $1.25 billion valuation from March 20
The company said it would use the Series C funding to widen its offerings as it expands into a provider of inference, which is the process of running trained AI models
The future of AI won't be owned by a few companies. It will be built by millions of developers and businesses, and open-source models are making that possible,” Together AI CEO Vipul Ved Prakash said.
The AI startup's annual bookings crossed $1.15 billion last quarter on the back of rising open-source model usage, the company said. It counts firms such as Cursor, Cognition and Decagon among its customers.
Together AI expects its computing capacity and infrastructure to expand roughly 50-fold over the next five years.
#jasmyustd
#cryptouniverseofficial
#MegadropLista
#XRPRealityCheck
#Shibarium
Founded in 2022, the startup's platform lets companies train and run AI workloads on open models such as DeepSeek, MiniMax and Kimi at lower costs than closed systems.
Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia (NVDA.O), opens new tab, Salesforce Ventures (CRM.N), opens new tab, March Capital, Pegatron and SentinelOne's (S.N), opens new tab S
Together AI was valued at $3.3 billion in a February 2025 funding round led by General Catalyst, which had more than doubled its earlier $1.25 billion valuation from March 20
The company said it would use the Series C funding to widen its offerings as it expands into a provider of inference, which is the process of running trained AI models
The future of AI won't be owned by a few companies. It will be built by millions of developers and businesses, and open-source models are making that possible,” Together AI CEO Vipul Ved Prakash said.
The AI startup's annual bookings crossed $1.15 billion last quarter on the back of rising open-source model usage, the company said. It counts firms such as Cursor, Cognition and Decagon among its customers.
Together AI expects its computing capacity and infrastructure to expand roughly 50-fold over the next five years.
#jasmyustd
#cryptouniverseofficial
#MegadropLista
#XRPRealityCheck
#Shibarium
193
Article
AI hopes and fears dominate global central bank meetThe consensus of those discussions at the ECB's annual conference in the windy hills of Portugal was that AI has the power to disrupt everything and create problems they can't even imagine right now: in financial and labour markets, in bank lending, for security, and even for power demand.
If AI overdelivers, it will impact financial stability. If AI underdelivers, it will impact financial stability," Torsten Slok at Apollo Global Management told the arbiters of interest rates around the world at one of the main panel sessions in the resort of Sintra.AI was such an overarching theme in Sintra that the topic found its way into every discussion, from immigration and supervision to climate
How do supervisors assess those kind of agentic loan decisions? They are a little bit black box. There's potentially a lack of explainability, and I think that is a key supervisory challenge," Tobias Adrian, a senior IMF official, said.
Defending against malicious threats will become even more expensive, and otherwise viable firms will struggle to protect themselves.
AI will also drive a wedge between richer and poorer firms and countries.
In a cyber context, do we need systems that allow one institution to pick up another’s basic functions during disruption?" she said.
Sarah Breeden, a Bank of England Deputy Governor, said a potential solution may be to create some sort of insurance scheme, likening it to deposit insurance in case of bank failures.
The internet proved to be better than anybody imagined, created whole new businesses, but we still got the dotcom bubble," Bank of Canada Governor Tiff Macklem said. "It doesn't mean there can't be a period where the market gets ahead of itself, and, and you see an entrenchment."
If AI delivers on some of the most optimistic efficiency expectations, machines could replace humans en masse, leading to large unemployment. This then reduces disposable incomes and pushes the economy into recession, undermining the case for the investment.
#Liquidations
#Notcion
#BitcoinDunyamiz
#Volatilidad
#CryptoPatience
AI hopes and fears dominate global central bank meet
The consensus of those discussions at the ECB's annual conference in the windy hills of Portugal was that AI has the power to disrupt everything and create problems they can't even imagine right now: in financial and labour markets, in bank lending, for security, and even for power demand.
If AI overdelivers, it will impact financial stability. If AI underdelivers, it will impact financial stability," Torsten Slok at Apollo Global Management told the arbiters of interest rates around the world at one of the main panel sessions in the resort of Sintra.AI was such an overarching theme in Sintra that the topic found its way into every discussion, from immigration and supervision to climate
How do supervisors assess those kind of agentic loan decisions? They are a little bit black box. There's potentially a lack of explainability, and I think that is a key supervisory challenge," Tobias Adrian, a senior IMF official, said.
Defending against malicious threats will become even more expensive, and otherwise viable firms will struggle to protect themselves.
AI will also drive a wedge between richer and poorer firms and countries.
In a cyber context, do we need systems that allow one institution to pick up another’s basic functions during disruption?" she said.
Sarah Breeden, a Bank of England Deputy Governor, said a potential solution may be to create some sort of insurance scheme, likening it to deposit insurance in case of bank failures.
The internet proved to be better than anybody imagined, created whole new businesses, but we still got the dotcom bubble," Bank of Canada Governor Tiff Macklem said. "It doesn't mean there can't be a period where the market gets ahead of itself, and, and you see an entrenchment."
If AI delivers on some of the most optimistic efficiency expectations, machines could replace humans en masse, leading to large unemployment. This then reduces disposable incomes and pushes the economy into recession, undermining the case for the investment.
#Liquidations
#Notcion
#BitcoinDunyamiz
#Volatilidad
#CryptoPatience
If AI overdelivers, it will impact financial stability. If AI underdelivers, it will impact financial stability," Torsten Slok at Apollo Global Management told the arbiters of interest rates around the world at one of the main panel sessions in the resort of Sintra.AI was such an overarching theme in Sintra that the topic found its way into every discussion, from immigration and supervision to climate
How do supervisors assess those kind of agentic loan decisions? They are a little bit black box. There's potentially a lack of explainability, and I think that is a key supervisory challenge," Tobias Adrian, a senior IMF official, said.
Defending against malicious threats will become even more expensive, and otherwise viable firms will struggle to protect themselves.
AI will also drive a wedge between richer and poorer firms and countries.
In a cyber context, do we need systems that allow one institution to pick up another’s basic functions during disruption?" she said.
Sarah Breeden, a Bank of England Deputy Governor, said a potential solution may be to create some sort of insurance scheme, likening it to deposit insurance in case of bank failures.
The internet proved to be better than anybody imagined, created whole new businesses, but we still got the dotcom bubble," Bank of Canada Governor Tiff Macklem said. "It doesn't mean there can't be a period where the market gets ahead of itself, and, and you see an entrenchment."
If AI delivers on some of the most optimistic efficiency expectations, machines could replace humans en masse, leading to large unemployment. This then reduces disposable incomes and pushes the economy into recession, undermining the case for the investment.
#Liquidations
#Notcion
#BitcoinDunyamiz
#Volatilidad
#CryptoPatience
114
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Article
US June private payrolls growth misses expectations; layoffs declineWASHINGTON, July 1 (Reuters) - U.S. private payrolls increased less than expected in June, but a sharp decline in planned layoffs pointed to stable labor market conditions last month.
Private employment rose by 98,000 jobs last month after an unrevised gain of 122,000 in May, the ADP National Employment Report showed. Economists polled by Reuters had forecast private employment would increase by 118,000.
#OilPriceFalls
#SpotSilverRises3%To$60.10
#KoreanWonWeakestSince2009
#BitcoinSlidesTo$59250
#JDVanceDisclosesBTCHoldings
US June private payrolls growth misses expectations; layoffs decline
WASHINGTON, July 1 (Reuters) - U.S. private payrolls increased less than expected in June, but a sharp decline in planned layoffs pointed to stable labor market conditions last month.
Private employment rose by 98,000 jobs last month after an unrevised gain of 122,000 in May, the ADP National Employment Report showed. Economists polled by Reuters had forecast private employment would increase by 118,000.
#OilPriceFalls
#SpotSilverRises3%To$60.10
#KoreanWonWeakestSince2009
#BitcoinSlidesTo$59250
#JDVanceDisclosesBTCHoldings
Private employment rose by 98,000 jobs last month after an unrevised gain of 122,000 in May, the ADP National Employment Report showed. Economists polled by Reuters had forecast private employment would increase by 118,000.
#OilPriceFalls
#SpotSilverRises3%To$60.10
#KoreanWonWeakestSince2009
#BitcoinSlidesTo$59250
#JDVanceDisclosesBTCHoldings
891
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