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Capital One filed court documents stating it closed Trump-related accounts due to AML compliance reviews, not political motives. The bank provided a transition period and has moved to dismiss the lawsuit alleging unlawful 'debanking'.
Read MoreAI cloud infrastructure startup Volta Infra raised $300M at a $2.4B valuation, backed by Nvidia and Michael Dell. It secured a $10B cloud contract and a $5B customer financing pool, aiming to deploy gigawatt-scale computing powered by green energy for AI companies needing high-end chips.
Read MoreAI company Anthropic has reportedly entered into an approximately $100 billion compute capacity agreement with a cloud services startup. The massive deal aims to secure critical infrastructure for Anthropic's AI model training and inference for years to come, highlighting the unprecedented capital flowing into AI compute resources.
Read MoreTreasury Secretary Besant likened the Fed's decision to end forward guidance to a "policy detox." This marks a fundamental shift in central bank communication, moving away from micromanaging market expectations toward greater flexibility in an uncertain economy. It's seen as a step toward a more mature, data-dependent policy framework.
Read MoreAI and semiconductor hardware stocks rallied in premarket trading on August 4th. Intel and AMD both jumped over 5%, with Marvell and Lumentum posting even stronger gains. The broad surge reflects sustained market optimism about demand for AI computing infrastructure, drawing investor interest across the hardware ecosystem.
Read MoreOn August 4th, Intel's stock price surged over 5% in pre-market trading, sparking significant market attention. This notable movement is likely tied to recent industry developments and the company's strategic shifts, with investors closely monitoring its trajectory.
Read MoreWells Fargo is developing a tokenized deposit service for corporate clients on its proprietary blockchain, aiming to enhance payment efficiency and treasury management. This move signals major banks accelerating the migration of core financial operations to blockchain infrastructure.
Read MoreThe US CLARITY Act faces a crucial procedural vote this Thursday, but first requires a cloture motion by Tuesday. Senate GOP leaders are still uncertain about securing the 60 votes needed to advance the crypto market structure bill, amid a packed pre-recess agenda.
Read MoreStandard Chartered-backed Anchor Fintech has successfully minted and tested stablecoin transfers on a public blockchain. As one of Hong Kong's first licensed stablecoin issuers, it plans to announce detailed issuance and distribution plans in August, marking a key step in the city's regulated digital asset landscape.
Read MoreA leading Bitcoin hardware wallet manufacturer has issued an urgent security alert confirming an ongoing vulnerability. Users are advised to immediately upgrade firmware, generate new recovery phrases, and transfer all funds to secure addresses. The threat remains active, requiring prompt action.
Read MoreOn-chain investigators have uncovered a cluster of wallets holding roughly 28,555 Bitcoin, valued at approximately $1.8 billion, linked to the laundering patterns of a historic investment fraud. The funds show connections to the massive 61,000 BTC seized by UK authorities, but their current controller remains unknown.
Read MoreBloomberg reports that Shenzhen-based robotics firm AI² Robotics is considering a Hong Kong IPO, working with advisers for a potential listing as early as next year. The move aims to tap into strong investor interest in robotics and AI, though specific financial details remain undisclosed.
Read MoreAmazon shares fell 1.6% pre-market after filings revealed founder Jeff Bezos plans to sell approximately $4.1 billion worth of stock. This follows a record high driven by optimism over cloud growth and AI demand, pushing the company's valuation past $3 trillion.
Read MoreA fund under China's National Integrated Circuit Industry Investment Fund Phase III has invested in Shenyang Zhenxin Semiconductor Technology. The company's registered capital surged from 100,000 yuan to about 11.34 million yuan, indicating a major strategic push into advanced superconducting materials and semiconductor technologies.
Read MoreBase Power, a home battery startup co-founded by Zack Dell, son of Dell founder Michael Dell, has raised $10 billion in Series D funding, reaching a $130 billion valuation. The company also launched its Base Core home storage battery, now in production at its Texas facility.
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