Business / Finance
DeepSeek increases prices for AI services by multiple times
The Chinese AI lab increased the price for one million tokens during peak hours from $0.28 to $1.32—with off-peak hours being half-price.
Trump pivots to economic squeeze of ‘entrenched’ Iran regime
The U.S. is turning back to sanctions and a naval blockade as Trump seeks to pressure Tehran after nearly six months of war.
Trump trade enforcers deploy AI in tariff evasion crackdown
More than 40 countries are associated with elevated illegal transshipment risk, the report from White House trade adviser Peter Navarro’s office said.
U.S. set to pay most for 30-year debt in quarter of a century
“We’re not really at a level where people seem to be going crazy, saying ‘I want to buy the 30-year,’ and that should be a warning."
Crypto for Advisors: The crypto advice gap
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.
‘Kids don’t go out and do things anymore’: Youth sports are becoming a thing for rich people
“There's travel, the uniforms, pitching in on the lunches,” said Tanisha Curry, 51, who has custody of her granddaughter. She says her family pitches in.
B2C2 taps Schroders veteran to chase Asia’s growing crypto wealth
The institutional crypto liquidity provider is bringing on the former Schroders Wealth Management Asia chairman as it targets family offices and asset managers across the region.
FCA, HTX in Settlement Talks Over Illegal UK Crypto Promotions: Report
An FCA employee bought crypto from a UK IP address using a driving license as ID, according to the regulator's claim.
Trump wants big pharma to split kids’ vaccines. They’ll probably ignore him
“There is no good justification for this,” said Johns Hopkins’ Anna Durbin. “I think it’s very bad public health policy.”
Kalshi in talks with Sequoia, Wellington for $750 million fund raise at $40 billion valuation
The prediction-market platform raised $1 billion at a $22 billion valuation in May and is now discussing a new round that could nearly double that figure.
Bumble divides users by ditching its signature 'women-first' chat rule
The dating app's boss says the move is in response to a successful trial and a change in what users want.
Ethereum DeFi Platform Ether.fi Adds Tokenized Stocks and Portfolio-Backed Loans
The Ethereum staking platform is adding asset trading, fiat accounts, and borrowing through Aave as it pushes into crypto banking.
Trump’s tariff was a $1,000 tax on you last year. This year, maybe you’ll get a small refund in your bank account
FedEx, UPS and DHL are refunding tariffs directly after courts struck down Trump's import taxes, but most retailers plan to cut prices instead.
Mortgage Rates Today, Thursday, August 13: A Little Lower
TL;DR: Rates fell today in the wake of yesterday’s inflation data.
Wall Street tries to shake off a rough week as another inflation test looms
Futures rose ahead of Thursday's producer price data, but Cisco's 6% drop after strong earnings shows AI-stock nerves haven't gone away.
Swissquote cuts full-year guidance as 1H crypto income plunges, shares slide
The online bank cut full-year revenue and profit forecasts after first-half crypto trading levels slumped.
Crypto platform operator gets 15-year prison sentence in South Korea due to $50 million scam
A South Korean court sentenced the head of centralized finance (CeFi) lender Delio to 15 years in prison for embezzling digital assets from more than 1,100 customers.
Harvey Nichols bought by Sports Direct owner
Harvey Nichols was founded in 1831, but had appointed an administrator in June.
Anthropic said in talks to buy startup Decart for $6 billion
The deal would be Anthropic's largest known acquisition and adds Decart's chip-efficiency and world-model tech ahead of an anticipated IPO
Figure revenue doubles as blockchain loan marketplace volumes surge
The tokenization-focused lender posted $226 million in quarterly revenue as blockchain loan marketplace volume jumped to $4.3 billion.
Bitmine’s $257M annualized staking income ‘fills’ operational gaps, share buybacks: analysts
Bitmine’s Ether staking revenue is an important financial buffer that fills financial gaps and provides recurring revenue streams beyond Ether’s price appreciation, analysts told …
Trezor Customer Data Exposed in Shipping Partner Breach
The hardware wallet manufacturer says its devices and backups are untouched, but the leak hands attackers valuable customer data.
Trump sued over ‘selling priority access to news he himself generates for the benefit of a private company he controls’
Press freedom groups say Trump Media's Truth API violates the First and Fifth Amendments by giving traders early access to market-moving posts
Flock boss admits surveillance firm took too long to act over police abuse
US police officers have quit after using licence plate-reading cameras to track romantic partners.