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8/13
14:53
The incident highlights ongoing threats from malicious ads. In April, crypto security nonprofit Security Alliance (SEAL) stated it had blocked 356 malicious Google ad URLs over several weeks.
14:41
Donald Trump posted on Truth Social that the U.S. Court of International Trade ruled today that the President has the authority to abolish the so-called "de minimis exemption." He pointed out that this exemption previously allowed foreign shippers to send packages worth up to $800 to the U.S. duty-free, becoming a huge loophole for tariff fraud, fentanyl smuggling, and counterfeit goods entering the country. Donald Trump estimated that this exemption alone resulted in a loss of approximately $10.8 billion in tariff revenue for the U.S. in 2024. He stated that importers had filed a lawsuit regarding this, but lost today.
14:32
The US Commodity Futures Trading Commission (CFTC) will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and prediction markets, joining the US Securities and Exchange Commission (SEC) in exploring crypto regulations without waiting for the CLARITY bill.
14:31
On Thursday, August 13, US Eastern Time, Google announced the launch of its latest model in the Gemini series, 3.7 Flash. This model focuses on programming, agents, and complex workflows, and is hailed by Google as the "smartest working model" to date, with significant improvements in code debugging and production-grade code generation. Google also announced that by the end of this year, the introductory price for Gemini 3.7 Flash will be $0.75 per million input tokens and $3.75 per million output tokens, both half the original price of Gemini 3.6 Flash. However, the market's eagerly anticipated flagship model, Gemini 3.5 Pro, still has no clear launch date, raising questions among investors about Google's AI development roadmap.
14:03
Charles Yang, who previously served as an AI for Science Fellow at Renaissance Philanthropy and an AI policy Advisor at the U.S. Department of Energy, began his role last month. He will work with the institute's research teams to surface data on frontier AI. This appointment comes as Anthropic continues its rapid hiring pace, including the recent addition of OpenAI co-founder Andrej Karpathy, ahead of a reported October IPO with a potential $2 trillion valuation.
13:58
United Wholesale Mortgage (UWM) lost $603.2 million on interest rate derivative positions during the three months of this spring, resulting in a net loss of $451.9 million in the second quarter. The company has suspended its dividend and announced a $2.05 billion capital injection from Oaktree Capital Management, of which $1.65 billion will be in preferred stock with an annual cash return of 10%, rising to 13% if not paid in cash. In addition, Oaktree has gained control over UWM's management and board of directors, and has the right to force UWM to repurchase its shares after seven years, guaranteeing a minimum return of $600 million. Following the announcement, UWM's stock price fell 35% on August 6, closing at $1.19.
13:57
Bank of America (BofA) reiterated its "buy" rating and $140 price target on CoreWeave (CRWV) stock, implying a 30% upside even after the stock's after-hours gain, following the company's strong Q2 2026 earnings report. The bank raised its CoreWeave sales forecast for 2026 from $12.51 billion to $12.84 billion, for 2027 from $25.2 billion to $25.96 billion, and for 2028 from $39.89 billion to $41.03 billion. However, BofA lowered its earnings per share (EPS) estimates for CoreWeave, projecting a loss of $3.93 for 2026 (previously $3.54), a loss of $0.89 for 2027 (previously $0.54), and an EPS of $2.68 for 2028 (previously $3.16), due to anticipated significant cuts to profitability from borrowing to support a larger revenue base.
13:52
Russian President Vladimir Putin visited the southern Kuril Islands on Thursday for the first time, capitalizing on an unstable moment in relations with Japan. This comes as Japanese Prime Minister Sanae Takaichi has shifted her diplomatic focus toward meeting the country's energy needs.
13:50
Citigroup CEO Jane Fraser said she hopes the landmark cryptocurrency legislation passes into law, but she and others are still pushing for changes to the bill. Fraser expressed concern about the bill's treatment of stablecoin rewards, arguing that a reward system for deposits could adversely affect bank deposits, which in turn could impact banks' ability to provide loans and credit in some parts of the U.S. Previously, senators had reached a compromise on stablecoin rewards in the Lummis-Gillibrand bill, stipulating that platforms cannot pay rewards solely for holding assets, but can pay rewards for transactions and payments. The U.S. Senate is expected to hold a procedural vote on the bill next month.
13:49
CoinDesk analysis suggests that while institutions like asset manager Bitwise predict Bitcoin could reach $1.3 million within a decade, comparing Bitcoin's price to the 30-year U.S. government bond yield (considered a risk-free rate) reveals these targets might be overly optimistic. The 30-year government bond yield has now surpassed 5%, reaching its highest level since 2007, making non-yielding assets like Bitcoin relatively less attractive. Furthermore, the ratio of Bitcoin to the 30-year government bond yield failed to break its 2021 high during the 2025 bull market and completed a "head and shoulders top" breakdown in technical analysis, signaling that Bitcoin may face further losses relative to the long-term cost of capital.
13:42
Kathryn Thompson, Partner and CEO of Thompson Research Group, argued that markets are overly focused on near-term chip pricing, missing the massive industrial rebuild driven by AI. She projects over $5 trillion in spending over the next five years for AI reindustrialization, which she says dwarfs combined US interstate and rail system builds. Thompson identified power as the critical near-term bottleneck and suggested investors consider "old-school" names in materials, construction, and power generation, as these distribution and power layers are not yet fully priced for the anticipated demand.
13:36
The sale was disclosed in a recent SEC Form 4 filing. The shares were sold at a weighted average price of $27.05 per share. Following the transaction, Zeiler directly holds 537,436 shares and 188,193 derivative securities. The timing of the sale may be related to the company's impending acquisition by Paramount Skydance.
13:36
Archer Aviation announced on August 10 that it reached an agreement to purchase Boeing's subsidiaries Wisk Aero (eVTOL aircraft), SkyGrid (air traffic control software), and Insitu (uncrewed aircraft systems and AI software). This acquisition is expected to expand and diversify Archer's operations. Despite the recent rally, the stock is still down over 50% from its 52-week high of $14.62, and the company continues to incur significant losses, with a net loss of $263 million in its most recent quarter.
13:26
The U.S. Securities and Exchange Commission (SEC) may launch two initiatives targeting the cryptocurrency industry this Friday to advance related rule-making.
13:26
Citibank raised its price target for eBay (EBAY) from $127 to $130, driving the stock up 1% to $103.29. Analysis suggests that, based on historical data, the stock has a 75% probability of rising over the next month under specific technical conditions, with an average gain of 5.5%. Furthermore, current bearish sentiment among analysts may provide room for future rating upgrades.
13:20
Marvell Technology's shares have fallen amid investor caution on AI-linked stocks, despite the company reporting 28% year-over-year revenue growth. Management projects total revenue growth of 40% to $11.5 billion for the full year, with data center revenue expected to climb 50% in fiscal 2027 and 55% in fiscal 2028. The forecast for near-packaged optics (NPO) and co-packaged optics (CPO) revenue has doubled to $300 million for next fiscal year, driven by customer prioritization of latency reduction. Nvidia CEO Jensen Huang recently called Marvell the "next trillion-dollar company."
13:20
Chime Financial Inc. is exploring how to bring stablecoins into its consumer banking platform, signaling the new form of money is evolving beyond crypto markets and into everyday payments.

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