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Markets move fast โ stocks, crypto, inflation, central banks, tech, commodities, and global money flows.
If our channel helps you stay informed, support the channel with a boost.
Your boost helps us grow and continue sharing fast, useful financial updates every day.
Boost Us:
https://t.me/boost/FinancialWorldUpdates
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๐บ๐ธ Anthropic announces US Department of Commerce has lifted export controls on Fable platform.
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Japan plans to develop a homegrown artificial intelligence model and have 10 million AI-equipped robots operating in more than a dozen sectors by 2040.
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China is intensifying its scrutiny of investments overseas with broad โnational securityโ regulations taking effect from Wednesday, at a time of rising tech competition with Washington.
Beijing sees fields such as artificial intelligence, computer chips and green technology as economically and strategically vital and has vowed to promote their domestic development.
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German AfD Leader Alice Weidel:
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Development aid projects. Why is Germany still paying development aid to China? China is now far more advanced than we are technologically.
Or why are we funding gender toilets in Nigeria? Nobody can explain that.
Or the excessive payments to the United Nationsโcut them. Then our payments to the European Union can be reduced, or even eliminated entirely.
Subsidies for clientelism and climate policyโabolish them. That would create enormous fiscal room in the federal budget.
Then we must limit civil servant status to a narrowly defined core of sovereign state functions: the military, the police, finance, and the judiciary. Nothing more is needed.
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US chipmakers deliver their best quarter ever in US stocks.
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๐บ๐ธ๐ฎ๐ท US and Iran reach preliminary deal to release $3 billion in frozen Iranian assets, Al Arabiya reports.
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U.S. private employers added 98,000 jobs in June, below the 118,000 forecast.
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SPX: $7499
NASDAQ: $26213
DXY: $101
Gold: $4040
Silver: $59
Bitcoin: $58468
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Trump bought Axon Enterprise shares two weeks before the company secured a $220 million contract from ICE, sending its stock soaring.
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Sony says it will stop releasing Playstation games on physical discs in 2028
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Forwarded from CRYPTO COIN INFO
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Hedge funds raised long US dollar positions to the highest since January.
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๐ท๐บ Russia has started importing gasoline from India to help ease domestic fuel shortages, per Reuters.
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๐ Money will reportedly offer a 6% APY, up to $10M in FDIC insurance, unlimited 3% cashback, and a physical Visa metal card.
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๐บ๐ธ Sam Altman and OpenAI are reportedly in talks with the Government to give it a 5% stake in the company - Financial Times.
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ยฅ1,400,000,000,000 wiped out from the Chinese stock market today.
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Taiwan police bust $300 million World Cup betting ring.
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Venice AI Raises $65M at $1B Valuation
Venice AI raised $65 million in a Series A led by Dragonfly, Coinbase Ventures, and North Island Ventures, reaching a $1 billion valuation two years after launch.
It hosts uncensored open-source AI models on its servers and routes requests to closed models from OpenAI and Anthropic.
The company reports $70 million annual revenue, profitability, 3 million active users, and 1.7 million API requests daily.
Funds will buy GPUs and build proprietary data centers.
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