Author: News Room

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 102.15 in the Asian trading hours on Wednesday. The DXY declines following remarks from New York Federal Reserve (Fed) President John Williams.New York Fed President said on Tuesday that he still expects one more rate hike this year, but sees no need for further increases in 2027. “I haven’t changed my view that it may be appropriate to have one more rate hike,” said Williams. “I don’t think at this time I have any…

The 13 Startups Building Payments, AI, and Credit Applications Five startups focus on payments. Xrpay develops e-commerce settlement using Ripple USD ($RLUSD), while Payinnov Labs combines card and stablecoin acceptance. Salypay targets AI-powered remittances and merchant payments. Netten provides payouts for businesses, service providers, and freelancers, and Zeno develops privacy-preserving mobile transfers on XRPL. Two teams address AI transactions. Ultra AI connects agents seeking business opportunities, while Agntpymt governs automated spending within corporate policies and audit requirements. Four ventures cover energy finance and credit. Megawatt enables fractional investment in commercial battery storage, allowing investors to hold part of a project.…

The NZD/USD pair gains some positive traction for the second day on Wednesday, building on the overnight bounce from the 0.5580 support zone, or the lowest level since April 2025. Spot prices touch a fresh weekly top, around the 0.5620-0.5625 region, during the Asian session amid subdued US Dollar (USD) demand and move little following the release of China inflation data.China’s National Bureau of Statistics reported that the headline Consumer Price Index (CPI) rose 0.9% in September from a year earlier, up from 0.8% in the previous month but lower than consensus estimates for a reading of 1.0%. However, China’s…

Remarking on the same, XWIN Japan and DeFi Asset Management said, These developments suggest conditions for a bottom are improving. Confirmation requires sustained ETF inflows, stronger U.S. spot buying and continued demand recovery. Source: CryptoQuant Market analysts paint a concerning picture for Bitcoin In fact, according to Benjamin Cowen, founder & CEO of ITC, Bitcoin’s percentage of supply in profit and loss is actually highlighting the changing state of market profitability. Source: X The above chart shows that approximately 71.04% of Bitcoin supply was in profit, while 28.96% remained in loss. Although most holders were still profitable, the significant share…

Morgan Wallen’s third studio album spent 19 nonconsecutive weeks at No. 1, surpassing “Un Verano Sin Ti” for the most weeks atop the chart this decade.It’s also the biggest country album in the history of the Billboard 200; Garth Brooks previously held the record with “Ropin’ the Wind,” which reigned for 18 weeks in the early ’90s.Wallen’s commercial success has come despite a string of controversies, including canceling concerts at the last minute, using a racial slur, and partying without a mask during the pandemic. Read the full article here

Grimes’ fans have debating one question this week: How much — if any — AI did the pop artist use in her new music video?”Are we tripping or does this look like AI CGI for you too?” a Redditor posted on a subreddit dedicated to the singer, whose real name is Claire Boucher.Several people were quick to point to the music video’s credits: “Why do you assume AI wasn’t used? AI artists are listed in the credits,” the thread’s top comment reply reads. Similar questions have been circling on X and in the video’s YouTube comments.A spokesperson for Grimes told…

There are credible reasons for investors to begin reducing risk in their portfolio.1. The Fed just started the process of pricking the equity, credit, and real estate bubbles by raising the FFR and reducing the pace of balance sheet expansion. While Mr. Warsh seems to be serious about getting inflation back to 2%, he should be aware that the current increase in prices is only partially attributed to a loose monetary policy. Today’s rising prices are also due to the war in Iran, tariffs, and the debt-fueled AI spending spree. But raising the FFR a few basis points will do…

How $10 Million Could Finance $156 Million in Loans Permanent lending equity stays on AOF’s balance sheet, providing a financial foundation for borrowing from impact investors. Applying historical multipliers, ratios derived from AOF’s past funding and lending results, the study estimates Ripple’s $10 million allocation may attract as much as $50 million in new debt capital. Repayments allow that money to finance subsequent borrowers, potentially producing roughly $156 million in cumulative lending over the next decade. Ripple funded the research, produced with TXP and ideas42, covering nearly 20,000 businesses and $960 million in loans. Researchers used the U.S. Bureau of…

A federal judge tore into Elon Musk for reposting a photo of a former Federal Emergency Management Agency official and accusing her of “criminal” conduct.”The fact that Mr. Musk posted a picture of Ms. Comans to his millions of followers while falsely characterizing her government service as a ‘criminal action’ was clearly intended to make her afraid,” Federal Magistrate Judge William Fitzpatrick wrote in a ruling published on Tuesday.In a blistering eight-page ruling, Fitzpatrick addressed what he described as the reputational damage to Mary Comans, a longtime federal government employee who was fired from her post as chief financial officer…

Update: This story has been updated to reflect that ServiceNow says it is no longer in talks with Decagon.Buzzy AI agent startup Decagon could be the latest company swept up in a growing wave of AI dealmaking.The company, which was last valued at $4.5 billion earlier this year, has hired a bank to evaluate acquisition interest, according to people familiar with the matter.Decagon held early discussions with cloud software giant ServiceNow, but a spokesperson for ServiceNow says they’re not ongoing. People familiar with the matter told Business Insider there have also been early talks with other companies; if a deal…