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Here’s a quick recap of the crypto landscape for Monday (August 11) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,815, down by 0.1 percent over the last 24 hours and its lowest valuation on Monday. Its highest price for the day was US$120,693.

Bitcoin price performance, August 11, 2025.

Chart via TradingView.

Analyst Omkar Godbole offered a cautious outlook, pointing to lower trading volumes for Bitcoin despite similar prices in July and a Coinbase Global (NASDAQ:COIN) discount suggesting weak US institutional demand.

Ethereum (ETH) has outperformed after a weekend rally.

Ethereum broke past US$4,300 on Monday as FG Nexus announced the acquisition of 47,331 ETH, worth about US$200 million. Meanwhile, data from Etherscan shows rising daily transaction counts over the past several weeks.

Creator coins like ZRO and PUMP also saw gains after announcements like Coinbase’s new DEX feature and LayerZero’s acquisition. Bondex CEO Ignacio Palomera called these developments an evolution in how creators can monetize their content. US consumer price index data on Tuesday (August 12) could fuel or dampen the crypto rally.

Altcoin price update

  • Solana (SOL) was priced at US$176.39, down by 3.6 percent over 24 hours and its lowest valuation for the day. Its highest price was US$180.86.
  • XRP was trading for US$3.16, down 1.7 percent in the past 24 hours and at its lowest valuation of the day. Its highest was US$3.22.
  • Sui (SUI) was trading at US$3.69, down by 5 percent over the past 24 hours, and its lowest valuation of the day. Its highest level was US$3.77.
  • Cardano (ADA) was trading at US$0.783, down by 3 percent over 24 hours and its lowest valuation on Monday. Its highest was US$0.8008.

Today’s crypto news to know

Bullish aims for US$4.82 billion valuation in upsized IPO

Bullish has increased the size of its planned initial public offering (IPO), targeting a valuation of up to US$4.82 billion. It plans to raise as much as US$990 million by selling 30 million shares priced between US$32 and US$33 each, a higher range than its previous filing, but still below its US$9 billion target in a failed 2021 SPAC merger.

The cryptocurrency exchange said it will convert a significant portion of its IPO proceeds into US-dollar-backed stablecoins through partnerships with token issuers. BlackRock-managed funds and Cathie Wood’s ARK Investment have shown interest in purchasing up to US$200 million worth of shares.

Bullish is expected to price the offering on Tuesday and debut on the NYSE under the ticker “FLY” the next day.

Tether and Rumble propose joint acquisition of Northern Data

Tether and Rumble (NASDAQ:RUM) have proposed to jointly acquire all shares of artificial intelligence infrastructure company Northern Data, according to a press release issued on Monday.

According to the proposed terms, USDt issuer Tether, already Northern Data’s largest shareholder, would support the transaction, which would see each Northern Data shareholder receive 2.319 newly issued Class A Rumble shares for each Northern Data share offered, leading to roughly 33.3 percent of Rumble ownership being transferred to Northern Data shareholders. The final exchange ratio may be adjusted for the potential sale of Peak Mining and a related debt reduction, which would increase the exchange ratio.

Subject to definitive documentation, Tether would also significantly increase its investment in Rumble, becoming a key customer with a multi-year GPU purchase commitment.

Chainlink to partner with ICE

Blockchain oracle platform Chainlink announced a partnership with US-based Fortune 500 company Intercontinental Exchange (NYSE:ICE) on Monday to bring foreign exchange and precious metals data onchain.

The collaboration will unite Intercontinental’s consolidated feed, an aggregator of market data from over 300 global exchanges and marketplaces, with Chainlink Data Streams’ derived data sets, which provide market information to power tokenization for over 2,000 decentralized applications and major financial institutions.

This partnership is the latest move to further integrate traditional market infrastructure with blockchain systems.

El Salvador targets wealthy investors with new Bitcoin banking law

El Salvador has approved a new investment banking law designed to attract institutional and high-net-worth crypto investors. Licensed investment banks with at least US$50 million in capital will be able to provide Bitcoin and other digital asset services, but only to clients meeting “sophisticated investor” criteria.

Requirements include at least US$250,000 in liquid assets and advanced financial knowledge.

The banks will be allowed to issue bonds, structure public-private projects and offer digital asset products. Lawmakers say the changes aim to position the country as a regional financial hub and draw in foreign private capital.

The move comes as President Nayib Bukele consolidates political power through constitutional reforms extending presidential terms and removing term limits.

Blue Origin to accept crypto payments for space flights

According to a Monday press release, Jeff Bezos’ Blue Origin has partnered with payment processing company Shift4 Payments (NYSE:FOUR) to allow customers to buy tickets to outer space using crypto and stablecoins.

Trips will take place on Blue Origin’s New Shepard reusable rockets, and direct payments will now be accepted from popular wallets from the likes of MetaMask and Coinbase.

“Our mission has always been to revolutionize commerce by simplifying the transaction process, and we’re thrilled to now extend that vision beyond Earth,” said Taylor Lauber, CEO of Shift4.

“This partnership will enable adventurous travelers to book the adventure of a lifetime, no matter their preferred payment method — all with a simple, frictionless experience,’ he added. Blue Origin has flown more than 75 passengers past the Kármán Line, the boundary separating Earth’s atmosphere and space.

“We believe crypto and stablecoins are going to become an increasingly popular way for consumers to pay, particularly for high-end purchases, as both the consumer and merchant benefit financially from these transactions,” commented Alex Wilson, head of crypto at Shift4.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

President Donald Trump took aim at Ukrainian President Volodymyr Zelenskyy in a press event on Monday over his frustration with the Ukrainian leader’s objection to ‘land swapping.’

‘I get along with Zelenskyy, but, you know, I disagree with what he’s done, very, very severely, disagree. This is a war that should have never happened,’ Trump said, reiterating his belief that the Ukrainian president is in part at fault for Russia’s illegal 2022 invasion.

‘I was a little bothered by the fact that Zelensky was saying, ‘Well, I have to get constitutional approval’,’ Trump said. ‘I mean, he’s got approval to go into war and kill everybody, but he needs approval to do a land swap, because there’ll be some land swapping going on.’

‘I know that through Russia and through conversations with everybody,’ Trump added, noting it was ‘for the good of Ukraine.’

Zelenskyy – who did not declare war on Russia, as Moscow had already invaded, did declare Martial Law on Feb. 24, 2022 with the approval of Ukraine’s parliament, which gave him presidential powers to mobilize a military response — made clear over the weekend that he objected to Trump’s ‘land swapping’ proposal and has repeatedly said it would require a national referendum under the nation’s constitution, not a unilateral decision by him. 

Trump wouldn’t detail what exactly he hopes to get out of the meeting with Putin and described it as a ‘feel-out meeting,’ saying within ‘the first two minutes [he’ll] know exactly whether or not a deal can be made.’

‘I’m going in to speak to Vladimir Putin, and I’m going to be telling him, you got to end this war, you got to end it,’ Trump said, reiterating his belief that if he had won the 2020 election, Putin wouldn’t have invaded Ukraine, saying ‘he wasn’t going to mess with me.’

‘I go into that thing fully loaded right up there, and we’re going to see what happens,’ he continued. ‘It could be a good meeting, and we’ll go a step further. We’ll get it done. 

‘I’d like to see a ceasefire very, very quickly, very quick,’ he continued. ‘And, we’re going to be dealing with the European leaders and, we’re going to be dealing with President Zelensky and hopefully we’re going to have a great success.’

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Senate Democrats have undergone a steady tonal shift on Israel, with a recent vote to block arms sales to the Jewish State giving a glimpse at the evolution on the Hill.

More Democrats in the upper chamber than ever before voted alongside Sen. Bernie Sanders, I-Vt., to halt the $675 million sale of thousands of bombs and guidance kits for the bombs and to block the sale of automatic rifles to Israel.

Sanders’ push ultimately failed late last month, but over half of all Senate Democrats voted alongside him, with many voting with him for the first time. Meanwhile, all Senate Republicans voted against them.

‘The tide is turning,’ Sanders, who routinely caucuses with Democrats, said in a statement. ‘The American people do not want to spend billions to starve children in Gaza. The Democrats are moving forward on this issue, and I look forward to Republican support in the near future.’

Getting Republicans on board for future attempts, as Sanders hoped would happen, is a stretch at best.

‘Republicans stand with Israel,’ Senate Foreign Relations Committee Chair Jim Risch, R-Idaho, told Fox News Digital in a statement.

‘Senator Sanders’ resolution to block arms sales would have reinstated the failed policies of the Biden administration and would abandon America’s closest ally in the Middle East,’ he continued. ‘We can’t afford to go back there.’

But the change within the Democratic caucus was likely spurred by the release of photos of starving children in the Gaza Strip, which earned shocked reactions from both lawmakers and President Donald Trump.

Many Democrats have pinned the blame on Israel and argued that the Jewish state has put a chokehold on aid that is meant for civilians in Gaza, while Republicans contend that the terrorist organization Hamas is stealing the food.

‘What’s going on is unacceptable, and Israel has the power to fix it,’ Sen. Angus King, I-Maine, told Fox News Digital.

Like Sanders, King typically caucuses with Senate Democrats. But unlike his fellow Independent colleague, he has routinely stood firm in his support of Israel. But the photos and reports of widespread malnutrition prompted him to vote to block arms sales.

‘Israel’s the one that’s not letting the aid get in,’ he said. ‘The humanitarian response is entirely within Israel’s hands, and they’ve been blocking, slowing, starting and stopping, to the point where I just could no longer stand silent.’

And like King, Sen. Jean Shaheen, the top ranking Democrat on the Senate Foreign Relations Committee, changed course and voted in favor of blocking arms sales out of concern that food aid was not making its way to Palestinians.

‘I think it’s important to send the message to Prime Minister [Benjamin] Netanyahu and his government that things need to change,’ the New Hampshire Democrat said in an interview with PBS Newshour.

But Republicans charged that it was not Israeli Prime Minister Benjamin Netanyahu’s fault that food aid was not making its way into Gaza, and instead believed that it was Hamas stealing the food.

Sen. John Kennedy, R-La., said that Israel wants to make sure that the food aid actually makes it to civilians in Hamas.

‘Israel and the US have cut out, cut off most of Hamas’ cash flow,’ Kennedy said. ‘And a lot of their cash flows depends on stealing the food and selling it, sometimes to their own people, absorbing the prices.’

And not every Senate Democrat is on the same page when it comes to their position on the Jewish State.

Sen. John Fetterman, D-Pa., has routinely slammed Democrats for criticizing Israel, and believed that his party was moving further away from his position.

‘What I really fundamentally believe, there’s been a wholesale shift, even within my party, to blame Israel for the situations and the circumstances overall,’ Fetterman told Fox News Digital. ‘And I don’t really understand. It’s like we’ve seen the same pictures and, of course, what’s happened in Gaza is devastating.’

‘But so, for me, I blame Hamas and Iran,’ he continued. ‘And I don’t know why there’s not like a collective global outrage.’

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A Democratic whistleblower told the FBI that Adam Schiff approved leaking classified information in order to discredit President Donald Trump, according to newly-released documents.

The documents, which were obtained by Just The News, were recently handed over to Congress by FBI Director Kash Patel. 

The whistleblower reportedly worked for Democrats on the House Intelligence Committee for over ten years, and reported Schiff’s alleged behavior to the FBI in 2017.

According to the report, the intelligence staffer called the leaking ‘treasonous’ and ‘illegal,’ in addition to being unethical. He was most recently interviewed by the FBI in 2023.

The staffer also said that he personally attended a meeting where Schiff greenlit the leak.

‘When working in this capacity, [redacted staffer’s name] was called to an all-staff meeting by SCHIFF,’ the documents state, per Just The News. 

‘In this meeting, SCHIFF stated the group would leak classified information which was derogatory to President of the United States DONALD J. TRUMP. SCHIFF stated the information would be used to indict President TRUMP.’

‘[The whistleblower] stated this would be illegal and, upon hearing his concerns, unnamed members of the meeting reassured that they would not be caught leaking classified information,’ the report added.

John Solomon, who co-authored the piece with Just The News’ Jerry Dunleavy, appeared on Fox News Channel’s ‘Hannity’ to discuss the report.

‘This is the first of several major leak investigations we’re going to see over the next several days,’ Solomon said. ‘You’re going to see other major people that were clearly identified by the FBI, having leaked classified secrets.’

‘Their own staff turned them in when interviewed by the FBI. Nothing, again, happened,’ he added. ‘It’s a common pattern. The question now is, in Donald Trump’s Justice Department, does that dynamic change?’

Soon after the report was published, Patel shared it on X, saying that the FBI ‘found it [and] declassified it.’

‘Now Congress can see how classified info was leaked to shape political narratives – and decide if our institutions were weaponized against the American people,’ Patel’s post read.

Fox News Digital’s Brooke Curto contributed to this report.

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President Donald Trump has renewed his call for Rep. Jasmine Crockett, D-Texas, to undergo a cognitive test. 

”Congresswoman’ Jasmine Crockett is a Low (Very!!!) I.Q. Individual, much in the mold of the AOC Plus Three Gang of Country Destroying Morons – Only slightly dumber,’ Trump wrote on TRUTH Social on Monday. 

‘Each of these political hacks should be forced to take a Cognitive Exam, much like the one I recently took while getting my ‘physical’ at our GREAT Washington, D.C., Military Hospital (WR!),’ Trump said. ‘As the doctors said, ‘President Trump ACED it, something that is rarely seen!’ These Radical Left Lunatics would all fail this test in a spectacular show of stupidity and incompetence. TAKE THE TEST!!!

Trump previously said Rep. Alexandria Ocasio-Cortez, D-N.Y., should take a cognitive test in June when the progressive ‘Squad’ leader demanded his impeachment over the U.S. strikes on Iranian nuclear facilities. 

Meanwhile, as the White House pushes Republican states to redistrict mid-cycle ahead of the 2026 midterm elections, Crockett has accused Trump of pushing a ‘white supremacy agenda’ and ‘diluting the voices of people of color.’ The Trump administration asserts that Democratic states have engaged in ‘gerrymandering’ for years and encouraged illegal immigration to boost their congressional influence. 

In Texas, Democratic state lawmakers fled the state in an effort to stop the vote on a GOP redistricting plan that likely would have resulted in Republicans picking up five House seats. 

Crockett has accused Trump of hurling the low IQ insult as a racially-coded tactic to insult ‘people of color,’ including ‘The Breakfast Club’ host Charlamagne tha God. 

‘Newsflash, Wannabe Dictator: I don’t care how many times you shake the Etch A Sketch trying to redraw these lines,’ Crockett wrote on X last week. ‘I’m not disappearing. I’ll be back, still on your behind every step of the way. We’ve already been over this. I’ve got the degrees, the credentials, and the receipts. If you’re looking for ‘low IQ,’ try looking in the mirror – or at your own Cabinet.’ 

Despite the president describing her as having a low IQ, Crockett said Trump has the ‘most incompetent Cabinet in the history of this country,’ referring to the Signal-gate scandal earlier this year. 

Crockett has also dubbed Trump a ‘Temu dictator.’ At a progressive rally in Phoenix, Arizona, earlier this month, the congresswoman said on stage, ‘Donald Trump is a piece of sh–.’ 

‘This is a person who has a problem with people of color. Period,’ she told CNN. ‘I don’t care how many Black MAGA [are] out there with [their] hats, I want to be clear, when we look at who it is that he’s kicking out of this country, it’s people of color.’ 

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In a lengthy and beautifully crafted address on Independence Day, July 4, 1821, then-President John Quincy Adams delivered an extraordinarily detailed and learned lesson on the founding of America. It’s one that still deserves repeated and close reading — though much of it will simply not be understood by most Americans today, for it is dense in references to history no longer taught widely in the United States. 

Adams’ most memorable sentences are often quoted:

‘[America] has, in the lapse of nearly half a century, without a single exception, respected the independence of other nations while asserting and maintaining her own. She has abstained from interference in the concerns of others, even when the conflict has been for principles to which she clings, as to the last vital drop that visits the heart. She has seen that probably for centuries to come, all the contests of that Aceldama the European world, will be contests of inveterate power, and emerging right. Wherever the standard of freedom and Independence, has been or shall be unfurled, there will her heart, her benedictions and her prayers be. But she goes not abroad, in search of monsters to destroy. She is the well-wisher to the freedom and independence of all. She is the champion and vindicator only of her own. She will recommend the general cause by the countenance of her voice, and the benignant sympathy of her example.’

The declamation that America ‘goes not abroad in search of monsters to destroy’ is a favorite text of both the pre-World Wars One and Two isolationists in America, but of course both global conflicts reached out and drew the United States into them. 

Now, far, far more than in 1917 and 1941, the assumptions of our sixth president simply no longer apply. 

There is no longer any ‘abroad.’ 

The idea of an ‘abroad’ about which Americans could be either indifferent or at most the subject of a distant approval or remote scorn, is dead.

To repeat: There is no such thing as ‘abroad.’ 

Not even remotely. 

What remained of the concept after Pearl Harbor was shattered by Sputnik in 1957, and then by successive generations of missile technology.  With the rise of hypersonic missiles only fools would believe that there is an ‘abroad’ anywhere on the globe that the United States can disregard. 

Beijing’s hypersonic arsenal can reach Washington, D.C. in two hours or less, and that margin is going to shrink rapidly. Russia’s hypersonic missiles can reach the lower 48 even sooner and Alaska in a blink. 

Other nations will inevitably add to the number of potential adversaries that can change the world via hypersonic missilery and wreck enormous, perhaps Republic-ending damage on the country. 

Of course, America possesses a ‘second strike’ capability deep under the seas in our Ohio-class submarines, and even an enormous fusillade of thousands of hypersonic missiles would be unlikely to cripple all of our B-2s and B-21s or ever missile silo. The United States would take down with it all of the evil powers that combined to strike it first, just as it did from 1941 to 1945. 

But there would be no ‘Marshall Plan’ waiting for anyone or any country on the other side of such an unimaginable catastrophe. Thus it must be deterred. Deterrence is only accomplished by the reality of American military power and the military power of the allies on which it can rely.

To repeat a third time: There is no ‘abroad.’ 

This very dangerous word will only grow more so with the years. President Trump’s decision to destroy the Iranian nuclear weapons program alongside Israel’s blows against that fanatical theocracy’s ballistic missile capability shielded the entire world from the most unstable and terror-addicted regime in the world obtaining the ability to threaten all of the West and beyond with Armageddon. 

For a time, at least, the precise and purposeful application of American military force to the missile and nuclear arsenal of an enemy on the brink of ‘breakout’ kept the number of nuclear powers stable. 

Bravo, President Trump and Prime Minister Benjamin Netanyahu. Whatever criticisms come their way on whatever other subject, the most important mission of their careers is complete. (Though both men may be obliged by the fanatics in Tehran to do it again.)

The West still has enemies, of course, and the most formidable one is the Chinese Communist Party that dominates the People’s Republic of China, and its ruthless leader, Xi Jinping. Xi and the CCP are followed in second place by Xi’s equally ruthless if not quite as powerful ally in Putin’s Russia, not to mention the unstable nuclear powers of North Korea and Pakistan. 

The West’s nuclear arsenal —distributed among our allies Great Britain and France and especially alongside that of Israel and our sometimes friend India— combines with our own prodigious, yet in-need-of-modernization nuclear arsenal to hold the most dangerous enemies at bay. 

There are only four actual superpowers in the world —the quartet of nations that can project nuclear power far beyond their borders and which possess intelligence and espionage capabilities that are unmatched except by each other’s capabilities: The United States and Israel on the side of the West and the PRC and Russia on the side of despotism. All others in the ‘nuclear club’ have limitations imposed by their own chaotic domestic politics or lack of deliverable firepower and the will to use it. 

That’s national security realism in a nutshell. 

When two of the leaders of any of these four nations meet, it is a significant occasion. It is a very good thing that President Trump and Prime Minister Netanyahu have met three times in 2025 and have spoken far more frequently than that. 

Xi and Putin have only met in person twice in this year, but their ‘partnership’ is very close even though Xi is to Putin as Trump is to Netanyahu: the senior partners to their powerful but not nearly as powerful junior partners. 

This is the basic geopolitical structure of the world and only with that understanding of reality can analysts judge what President Trump gets out of his meeting with the Russian tyrant this week —if anything is even made public afterward. It will take months, if not years, to assess what happens this week. 

Putin has attempted to play every American president since Bill Clinton, sometimes successfully, sometimes fooling them only for a time. The temptation to ‘strike a deal’ with Putin is the same as the apple on the forbidden tree in Genesis. That way lies ruin. But sizing up the tree and the apple at close range can have benefits. 

President Trump has met with Putin six times prior to this week and has spoken with him often. The real estate developer-turned-television force-turned president has as much of the skills set anyone could have to deal with such a stone-cold killer as Putin. Trump survived not just two assassination attempts in 2024 but years of lawfare preceded by the plots of the permanent left embedded in our vast administrative state during his first term. 

Trump is as tough and as resilient as any president since Richard Nixon. There will be no hot mic whisperings of weakness, nor will there be blunt assessments spoken like that of former Vice President Dick Cheney: ‘[W]hat I see [in Putin is] a KGB colonel.’

Trump is a realist, just like his friend of old from New York in the 1980s and early 1990s, RN. Trump is as tough as W standing in the ruins of the Twin Towers, as tough as the genuine war hero H.W., as tough as Reagan, Ford and Ike. 

If Trump can bring an end to the savagery underway in Ukraine on terms acceptable to President Zelensky, it will be an achievement greater than his interventions to stop the hostilities between India and Pakistan, the Democratic Republic of the Congo and Rwanda, Thailand and Cambodia and last week’s peace agreement between Armenia and Azerbaijan.   

Trump’s destruction of the Iranian nuclear program is the biggest building block of his legacy, rivaled only by the Abraham Accords.  If he can bring a ceasefire to Central Europe that is acceptable to our allies and the Ukrainian people, it will be the third pillar of his legacy, with the fourth —the rebuilding of the American military into so potent a force that no one, not even China’s Xi, dares to risk a confrontation with us— as his fourth. On top of those four pillars can rest an era of prosperity and renewed American growth and innovation. 

If anyone is hoping for the president to fail in this endeavor as described, they are not patriots but partisans blind to the realities of the world. There are a lot of those sorts of partisans in the U.S., and increasingly our NATO allies are showing themselves to be unreliable. 

Like it or not, the near-term security prospects of the West rest on Trump, and serious people must prefer that to the infirmities of President Biden or the illusions of President Obama. 

Trump has confidence in his own abilities and serious analysts of realpolitik should too. At this point, after ‘Midnight Hammer’ and the other ceasefires, after all of the decade since he came down the escalator, there is very good reason to believe he can achieve as much as any other American at the table with Putin. Anyone hoping for his failure should assess their own mental health. It is in the interests of everyone on the planet that knows no ‘abroads’ that stability break out everywhere, beginning in Alaska this week. 

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Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might seek similar deals.

In exchange for the revenue cut, the two semiconductor companies will receive export licenses to sell Nvidia’s H20 and AMD’s MI308 chips in China, according to the Financial Times.

“We follow rules the U.S. government sets for our participation in worldwide markets. While we haven’t shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide,” Nvidia said in a statement to NBC News. “America cannot repeat 5G and lose telecommunication leadership. America’s AI tech stack can be the world’s standard if we race.”

AMD said in a statement that its initial license applications to export MI308 chips to China have been approved.

The arrangement crafted by President Donald Trump’s administration is “unusual,” analysts told CNBC, but underscores his transactional nature. Meanwhile, investors see the move as broadly positive for both Nvidia and AMD, which once more secure access to the Chinese market.

Nvidia’s H20 is a chip that has been specifically created to meet export requirements to China. It was previously banned under export curbs, but the company last month said it expected to receive licenses to send the product to China.

Also in July, AMD said it would resume exports of its MI308 chips.

At the time, there was no suggestion that the resumption of sales to China would come with conditions or any kind of revenue forfeiture, and the step was celebrated by markets because of the billions of dollars worth of potential sales to China that were back on the table.

On Monday, Nvidia shares rose modestly, while AMD’s stock was up more than 2%, highlighting how investors believe the latest development is not a major negative for the companies.

“From an investor perspective, it’s still a net positive, 85% of the revenue is better than zero,” Ben Barringer, global technology analyst at Quilter Cheviot, told CNBC.

“The question will be whether Nvidia and AMD adjust their prices by 15% to account for the levy, but ultimately it’s better that they can sell into the market rather than hand the market over entirely to Huawei.”

Huawei is Nvidia and AMD’s closest Chinese rival.

Uncertainty, nevertheless, still looms for both U.S. companies over the longer term.

“In the short term, the deal gives both companies some certainties for their exports to China,’ George Chen, partner and co-chair of the digital practice at The Asia Group, told CNBC. ‘For the long term, we don’t know if the U.S. government may want to take a bigger cut from their China business especially if their sales to China keep growing.’

Multiple analysts told CNBC that the deal is “unusual,” but almost par for the course for Trump.

“It’s a good development, albeit a strange one, and feels like the sort of arrangement you might expect from President Trump, who is a deal-maker at heart. He’s willing to yield, but only if he gets something in return, and this certainly sets an unusual precedent,” Barringer said.

Neil Shah, partner at Counterpoint Research, said the revenue cut is equivalent to an “indirect tariff at source.”

Daniel Newman, CEO of The Futurum Group, also posted Sunday on X that the move is a “sort of ‘tax’ for doing business in China.”

But such deals are unlikely to be cut for other companies.

“I don’t anticipate it extending to other sectors that are just as important to the U.S. economy like software and services,” Nick Patience, practice lead for AI at The Futurum Group, told CNBC.

The U.S. sees semiconductors as a strategic technology, given they underpin so many other tools like artificial intelligence, consumer electronics and even military applications. Washington has therefore put chips under an export control regime unlike that of any other product.

“Semiconductor is a very unique business and the pay-to-play tactic may work for Nvidia and AMD because it’s very much about getting export approval from the U.S. gov,” the Asia Group’s Chen said.

“Other business like Apple and Meta can be more complicated when it comes to their business models and services for China.”

Semiconductors have become a highly sensitive geopolitical topic. Over the last two weeks, China has raised concerns about the security of Nvidia’s chips.

Late last month, Chinese regulators asked Nvidia to “clarify” reports about potential security vulnerabilities and “backdoors.” Nvidia rejected the possibility that its chips have any “backdoors” that would allow anyone to access or control them. On Sunday, Nvidia again denied that its H20 semiconductors have backdoors after accusations from a social media account affiliated with Chinese state media.

China’s state-run newspaper Global Times slammed Washington’s tactics, citing an expert.

“This approach means that the US government has repudiated its original security justification to pressure US chip makers to secure export licenses to China through economic leverage,” the Global Times article said.

The Chinese government is yet to comment on the reported revenue agreement.

Trump’s deal with Nvidia and AMD will likely stir mixed feelings in China. On the one hand, China will be unhappy with the arrangement. On the other hand, Chinese firms will likely want to get their hands on these chips to continue to advance their own AI capabilities.

“For China, it is a conundrum as they need those chips to advance their AI ambitions but also the fee to the US government could make it costlier and there is a doubt of US ‘backdoors’ considering US has agreed for chipmakers to supply,” Counterpoint Research’s Shah said.

— CNBC’s Erin Doherty contributed to this report.

This post appeared first on NBC NEWS

Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday.

The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular.

Last week, both companies announced additional details about the new streaming options. ESPN’s streaming service — which has the same name as the TV network — and Fox’s Fox One will each launch on Aug. 21, ahead of the college football and NFL seasons.

The bundled apps, however, will be available beginning Oct. 2 for $39.99 per month. Separately, ESPN and Fox One will cost $29.99 and $19.99 a month, respectively.

While the bundle will offer sports fans a bigger offering at a discounted rate, the streaming services are not exactly the same.

ESPN’s flagship service will be an all-in-one app that includes all of its live sports and programming from its TV networks, including ESPN2 and the SEC Network, as well as ESPN on Disney-owned ABC. The app will also have fantasy products, new betting tie-ins, studio programming and documentaries.

ESPN will also offer its app as a bundle with Disney’s other streaming services, Disney+ and Hulu, for $35.99 a month. That Disney bundle will cost a discounted $29.99 a month for the first 12 months — the same price as the stand-alone app.

Last week, ESPN further beefed up the content on its streaming app when it inked a deal with the WWE for the U.S. rights to the wrestling league’s biggest live events, including WrestleMania, the Royal Rumble and SummerSlam, beginning in 2026. The sports media giant also reached an agreement with the NFL that will see ESPN acquire the NFL Network and other media assets from the league.

The Fox One service, however, will be a bit different. Fox had been on the sidelines of direct-to-consumer streaming for years after its competitors launched their platforms. Just this year, it said it would offer all of its content — including news and entertainment — from its broadcast and pay TV networks in a streaming offering. Fox One won’t have any exclusive or original content.

Fox’s move into the direct-to-consumer streaming game — outside of its Fox Nation app and the free, ad-supported streamer Tubi — came after it abandoned its efforts to launch Venu, a joint sports streaming venture with Disney and Warner Bros. Discovery.

Both Fox CEO Lachlan Murdoch and Disney CEO Bob Iger said during separate earnings calls last week that they were exploring bundling options with other services. Since Fox announced the Fox One app, Murdoch has said the company would lean into bundles with other streaming services.

“Announcing ESPN as our first bundle partner is evidence of our desire to deliver the best possible value and viewing experience to our shared customers,” said Tony Billetter, SVP of strategy and business development for FOX’s direct to consumer segment, in a release on Monday.

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NEW YORK — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower.

Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher.

Bowman and a fellow dissenter lost out after nine other Fed officials voted to keep interest rates steady, as the Fed has been doing all year. The Fed’s chair, Jerome Powell, has been adamant that he wants to wait for more data about how President Donald Trump’s tariffs are affecting inflation before the Fed makes its next move.

At a speech during a bankers’ conference in Colorado on Saturday, Bowman said that “the latest labor market data reinforce my view” that the Fed should cut interest rates three times this year. The Fed has only three meetings left on the schedule in 2025.

The jobs report that arrived last week, only a couple of days after the Fed voted on interest rates, showed that employers hired far fewer workers last month than economists expected. It also said that hiring in prior months was much lower than initially thought.

On inflation, meanwhile, Bowman said she is getting more confident that Trump’s tariffs “will not present a persistent shock to inflation” and sees it moving closer to the Fed’s 2% target. Inflation has come down substantially since hitting a peak above 9% after the pandemic, but it has been stubbornly remaining above 2%.

The Fed’s job is to keep the job market strong, while keeping a lid on inflation. Its challenge is that it has one main tool to affect both those areas, and helping one by moving interest rates up or down often means hurting the other.

A fear is that Trump’s tariffs could box in the Federal Reserve by sticking the economy in a worst-case scenario called “stagflation,” where the economy stagnates but inflation is high. The Fed has no good tool to fix that, and it would likely have to prioritize either the job market or inflation before helping the other.

On Wall Street, expectations are that the Fed will have to cut interest rates at its next meeting in September after the U.S. jobs report came in so much below economists’ expectations.

Trump has been calling angrily for lower interest rates, often personally insulting Powell while doing so. He has the opportunity to add another person to the Fed’s board of governors after an appointee of former President Joe Biden stepped down recently.

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