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Minnesota tells court Grok does not deserve First Amendment protection
Minnesota Attorney General Keith Ellison filed a brief on Friday opposing xAI’s attempt to block HF 1606, the state’s first-in-the-nation law restricting AI tools that generate sexual images of identifiable people, per Decrypt. Ellison argued the company is unlikely to succeed on its constitutional claim and has failed to show that enforcement would cause irreparable...Cryptopolitan
Tue, Aug 18
Forex
British Pound gathers strength to near 1.3550 as Fed hike bets fade, UK jobs data loom
The GBP/USD pair gains momentum to around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) softens against the British Pound (GBP) as cooler US inflation data have prompted traders to reduce bets on a US Federal Reserve (Fed) rate hike.
Fxstreet
Tue, Aug 18
Cryptocurrencies
US Treasury seeks public comments on proposed rules implementation under GENIUS Act
The US Department of the Treasury is seeking public opinion on its proposed framework for implementing key provisions of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which establishes a regulatory framework for stablecoins.Fxstreet
Tue, Aug 18
Forex
Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
AUD/USD extends its gains for the third successive day, trading around 0.7110 during the Asian hours on Tuesday. The currency pair continues to appreciate as the US Dollar (USD) remains subdued amid fading expectations for further rate hikes by the Federal Reserve (Fed).
Fxstreet
Tue, Aug 18
Cryptocurrencies
Kraken parent Payward gets access to Anthropic’s restricted cybersecurity AI
Payward, Inc., the Cheyenne-based parent of Kraken, said on Monday it has been selected to participate in Project Glasswing and is actively incorporating Claude Mythos 5 into its defensive cybersecurity work, per the company’s announcement. Anthropic launched the program in April 2026 after concluding its models could surpass all but the most skilled humans at...Cryptopolitan
Tue, Aug 18
Commodities
Gold gains momentum above $4,400 as softer US data dampens Fed hike odds
Gold price (XAU/USD) edges higher to near $4,415 during the early Asian session on Tuesday. The precious metal extends its upside amid fading expectations for further US Federal Reserve (Fed) rate hikes. Traders will closely monitor the developments surrounding the Middle East conflicts.
Fxstreet
Mon, Aug 17
Stocks
Fabrinet Tops Q4 Estimates but Shares Fall
Fabrinet reported fourth quarter results that exceeded analyst expectations, though shares slid 6.7% following the announcement despite strong guidance.The optical manufacturing services provider posted adjusted earnings per share of $4.10, surpassing the analyst consensus of $3.81 by $0.29. Revenue...Tiger News
Mon, Aug 17
Cryptocurrencies
IREN's $9.7B Microsoft AI deal hits first major milestone
IREN completed the delivery of the first of four planned “Horizon” cloud deployments of artificial intelligence to Microsoft Corporation. With that, the first milestone of a five-year, $9.7 billion contract was completed, which underpins the transition of the former Bitcoin mining company into artificial intelligence infrastructure. Horizon 1 is located at IREN’s Childress, Texas facility....Cryptopolitan
Mon, Aug 17
Forex
Australian Dollar climbs as the Greenback falls on soft US data
The Aussie Dollar trades near two-month highs of 0.7129, supported by a weaker US Dollar, amid a scarce economic docket in the US, following last week’s softer Retail Sales data. The AUD/USD trades at 0.7106, up 0.32%.Fxstreet
Mon, Aug 17
Forex
GBP/JPY Price Forecast: Bulls reclaim 50-day SMA, eye 217.00
The GBP/JPY cross-pair is poised to finish Monday’s session with gains of over 0.14% as traders prepare for the beginning of Tuesday’s Asian session. The cross-pair has climbed above the 50-day Simple Moving Average (SMA) at 215.52, often seen as a breakout that opens the door to further upside.
Fxstreet
Mon, Aug 17
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