The post US Dollar: AI-driven imports reshape trade – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Volkmar Baur says AI-related capital-goods imports are structurally widening the US trade deficit. Strong foreign demand currently helps finance the gap, but weaker confidence in the United States (US) AI (Artificial intelligence) investment story could create risks for the Dollar. AI imports and trade deficit risks “For now, it seems safe to say that a much sharper rise – or at least a significantly higher level – in the oil price would be needed to move the fx markets significantly.” “After the tariffs caused significant volatility in US foreign trade data in recent months, the underlying trend has become apparent again. And this trend continues to point toward a rising foreign trade deficit. Even the currently very high exports of crude oil and petroleum products (+93% yoy in USD) cannot prevent this.” “However, the rise in oil exports points to an important developme
The post Who Is Michael Coates? The Former Twitter Security Chief Now Tasked With Securing Solana appeared on BitcoinEthereumNews.com.
Key Highlights Michael Coates has joined the Solana Foundation as its new Chief Information Security Officer (CISO). Before joining Solana, Coates served as Twitter’s first CISO, led security at Mozilla, and later became COO and CISO at CoinList. Coates says his focus will include application security, crypto-native threats, AI-driven risks and cybersecurity policy. This week, Web3 found another connection to Elon Musk. Though this was not through Dogecoin or meme coins. Instead, it was through a major executive appointment by the leading blockchain Solana. The network foundation tapped one of Silicon Valley’s most respected cybersecurity leaders for a pivotal role. The Solana Foundation appointed Michael Coates, Twitter’s first Chief Information Security Officer (CISO) and former Head of Security at Mozilla, as it Chief Information Security Officer. Co
The post TeraWulf Targets $3.5B Debt For Kentucky AI Campus appeared on BitcoinEthereumNews.com.
US-listed Bitcoin mining company TeraWulf is reportedly seeking to raise $3.5 billion in debt to expand its Justified Data campus in Kentucky, a facility leased by artificial intelligence company Anthropic under a long-term agreement. The deal is expected to launch this year, with investment bank Morgan Stanley leading the financing effort, TeraWulf chief financial officer Patrick Fleury said, according to a Thursday Bloomberg report. The deal could include leveraged loans and high-yield bonds, marking TeraWulf’s first entry into the leveraged loan market, the report stated. The news comes days after TeraWulf signed a 20-year lease agreement with Anthropic for the Kentucky facility, showing how demand for AI computing capacity is creating new funding opportunities for data center operators. TeraWulf’s previous financing activity includes multibillion-dollar offerings The Justified Data camp
The post SK Hynix Raises Record $26.5B in Landmark U.S. Listing appeared on BitcoinEthereumNews.com.
The post SK Hynix Raises Record $26.5B in Landmark U.S. Listing appeared first on Coinpedia Fintech News SK Hynix has raised $26.5 billion after selling 177.9 million ADRs at $149 each, marking the largest first-time U.S. share sale by a foreign company. The offering was more than seven times oversubscribed, with investor demand reportedly nearing $200 billion, highlighting strong appetite for AI semiconductor stocks. Each ADR represents one-tenth of a common share … Source: https://coinpedia.org/crypto-live-news/sk-hynix-raises-record-26-5b-in-landmark-u-s-listing/
The five most intriguing startup deals from the past month include one that’s simultaneously developing AI models for biology, a company that wants to prevent modern day private markets from the kind of paperwork crisis that shut down Wall Street in the ‘60s, and AI agents that can dispatch plumbers and electricians to your door.
The post Gold: Tentative stabilisation on oil relief – OCBC appeared on BitcoinEthereumNews.com.
OCBC strategists Christopher Wong and Sim Moh Siong highlight that Gold has rebounded as Oil prices eased, reducing inflation and Fed tightening concerns, while a softer US Dollar also supported the move. However, ETF holdings remain lower month-to-date, suggesting the recovery is more relief-driven than a decisive return of investor demand. Near term, Gold could trade with a better tone if Oil and yields stay contained. Relief-driven recovery in Gold “Gold. Tentative stabilisation on oil relief. Gold rebounded as oil prices eased from their recent spike, taking some pressure off inflation expectations, yields and Fed tightening concerns. A softer USD also helped the recovery, after the recent selloff across the precious metals complex.” “But ETF flows have yet to confirm a broader investor rebuild. Bloomberg data show total known gold ETF holdings remain lower month-to-date, even though ho
The post New Zealand Dollar eases from three-week highs near 0.5800 as the US Dollar bounces up appeared on BitcoinEthereumNews.com.
The New Zealand Dollar (NZD) is giving away gains against the US Dollar (USD) on Friday, trading at the 0.5775 area after hitting fresh three-week highs at 0.5794 earlier on the day. The pair, however, is on track for a 1% weekly appreciation, boosted by a hawkish hike by the Reserve Bank of New Zealand (RBNZ) earlier this week. The US Dollar trims losses in a calm Friday European trading session as investors ponder rumours about diplomatic efforts by mediators to bring the US and Iran back to the negotiating table. Rival countries halted their hostilities on Friday after a series of tit-for-tat attacks earlier on the week, although the key Strait of Hormuz remains practically closed, which is keeping investors’ appetite for risk subdued. Earlier on the week, the RBNZ hiked its Official Cash Rate (OCR) by 25 basis points to 2.5% and hinted at further mone
The post Binance Traders Poured $133 Million Into Memory Stocks — Into a Selloff appeared on BitcoinEthereumNews.com.
Binance users doubled their flows to artificial intelligence (AI) memory stocks to $133 million last week, concentrating capital into a key theme even as the sector sold off. The move ran against the tape. Memory names were selling off, yet SanDisk (SNDK) and Micron (MU) together accounted for 79% of net equity inflows on the platform. Buyers Concentrate as Chips Fall The figures come from Binance Research, whose weekly fund flow report covers the week ending July 8. Total net flow reached $169.2 million, down 12% from the prior week. The decline reflects the July 4 holiday, which left only four US trading sessions. On a per-session basis, demand actually rose. Technology attracted $191 million in inflows, accounting for 113% of the week’s $169 million net total. AI memory doubled to $133 million, making it the largest theme. SanDisk took $67 million, and Micron Technol
The post Sam OpenAI and Sundar Google are giving AI access to Pentagon-blacklisted Chinese tech giants appeared on BitcoinEthereumNews.com.
Sam Altman’s OpenAI and Sundar Pichai’s Google have provided powerful AI products to overseas businesses controlled by Chinese corporations named on a US military watchlist. The customers include Singapore units connected to Alibaba (NYSE: BABA), Baidu (NASDAQ: BIDU), and Tencent Holdings (HKEX: 0700; OTC: TCEHY). Washington claims these three companies have links with China’s armed forces. OpenAI and Google parent Alphabet (NASDAQ: GOOGL, GOOG) both allegedly confirmed the commercial relationships to the Financial Times. Nothing about these deals breaks current US law. That is the problem facing lawmakers who want to slow China’s AI growth. Washington limits shipments of the powerful chips needed to build top AI systems. Its rules are far less complete once those systems become online services. Chinese corporations can still reach American models
