US Dollar: AI-driven imports reshape trade – Commerzbank

The post S&P 500 Rotation: Financials, Healthcare, Staples appeared on BitcoinEthereumNews.com. You look up from your screen in late June and the tape is weird. The index is red, but your bank names are green. Healthcare is bid. Staples are quietly grinding higher. Mega-cap tech? Not so invincible. That’s the tell. Leadership is broadening. The question isn’t whether AI matters. It does. It’s whether the rest of the market finally gets a turn. June’s numbers and early July flows say… yes, at least for now. June looked like a handoff. The S&P 500 fell about 0.7% for the month, even as the quarter still printed a hefty 15.3% gain. In the same stretch, the S&P 500 Equal Weight Index advanced 2.4% in June and closed the first half up 12.1% through June 30. Breadth picked up while the long-time leaders caught their breath. That’s textbook rotation, and it showed up not only in price but also in flows, especially into financials and healthcare. When the equal-weight version of the index ou

The post Euro: Range-bound rebound faces key resistance against US Dollar – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Kenneth Broux notes EUR/USD has rebounded after forming an interim low near 1.1325 and moved back into its prior range, signalling limited follow-through on the earlier breakdown. The bank stresses that resistance at 1.1475/1.1500 must be cleared to extend the bounce, while a drop below 1.1390 would risk resuming the broader downtrend. Bounce capped by 1.1500 barrier “EUR/USD has staged a modest rebound after carving out an interim low around 1.1325. The pair has re-integrated within previous range, indicating a lack of follow-through after the recent breakdown.” “However, clear signals of a large up move are not yet visible. The recent pivot high at 1.1475/1.1500 is the first layer of resistance. Overcoming this will be crucial for signalling an extension of the bounce.” “Conversely, there could be a risk of a continuation of the downtren

The post Canadian Dollar: Softer Canada jobs seen weigh against US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad describes USD/CAD trading just below 1.4200 and broadly aligned with US-Canada two-year yield spreads ahead of June labor data. Haddad expects a sharp slowdown in job gains to 10k and sees scope for markets to pare Bank of Canada hike pricing, arguing this adjustment would leave USD/CAD biased higher in coming sessions. Labor data risk skewed to upside “USD/CAD is directionless just under 1.4200.” “Canada’s June labor force survey is the domestic highlight (1:30pm London, 8:30am New York). The economy is expected to add +10.0k jobs in June vs. +87.8k in May and the unemployment rate is forecast to remain at 6.6% for a second straight month.” “USD/CAD is trading in line with US-Canada 2-year bond yield differentials. But there is room for Bank of Canada rate hikes bets (50bps in the next twelve months) to adjust lower, leaving

The loophole in AI export controls highlights the need for comprehensive software regulations to prevent unintended military collaborations. The post OpenAI and Google caught selling AI models to Pentagon-blacklisted Chinese tech firms appeared first on Crypto Briefing.

The post Polymarket Margin Trading Returns with Regulatory Push appeared on BitcoinEthereumNews.com. Polymarket is making its boldest move yet to reclaim a foothold in the United States — and this time, it wants to let American users bet on real-world events without putting up the full cash upfront. The platform’s U.S. affiliate, Coming Home GBA LLC, has filed for a futures commission merchant license with the National Futures Association, the first formal step toward offering Polymarket margin trading to domestic customers. Key takeaways Polymarket’s U.S. affiliate, Coming Home GBA LLC, filed for a futures commission merchant license with the National Futures Association. Polymarket also needs separate Commodity Futures Trading Commission approval to amend its rulebook and allow trading without fully collateralized positions. The platform is re-entering the U.S. after a four-year ban tied to a $1.4 million CFTC settlement over unregistered event-based derivatives. Prediction market vo

The post Malaysia unveils AI double for Prime Minister Anwar Ibrahim appeared on BitcoinEthereumNews.com. Malaysia’s Prime Minister Anwar Ibrahim is launching an AI avatar of himself called PMX AI that renews licenses, processes payments and answers questions in his voice.  Anwar will become among the first sitting national leaders to hand over routine public jobs to an artificial likeness.  Malaysia welcomes new AI Prime Minister In Malaysia’s quest to rebrand itself as a regional AI hub before its election due by early 2028, the country’s Prime Minister Anwar Ibrahim is rolling out an artificial version of himself built by Zetrix AI Bhd, a Malaysian digital infrastructure firm.  The firm was started by Anwar’s own party, Parti Keadilan Rakyat (PKR). The AI likeness, named PMX AI, points to Anwar’s standing as the country’s 10th prime minister. The Prime Minister’s Office says the launch is expected within days. Zetrix describes PMX AI as “agentic,” meaning it can accept tasks and the

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