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Golden State Valkyries unveil new mascot, Violet the raven

Sport 3 Mins Read

It’s a bird, it’s a plane, it’s … Violet the raven.

The Golden State Valkyries unveiled (or should we say unhatched) their new mascot on Birdwatchers Night at Chase Center during Monday night’s game against the Connecticut Sun. Violet confidently strutted onto the court in front of a sold-out crowd at halftime to ‘Best Friend’ by Bay-area artist Saweetie.

Violet donned a white and black cheerleader outfit that featured the Valkyries’ logo on the front and her name on the back as she executed a perfect cartwheel to much applause. Violet’s outfit was complete with a pair of yellow glasses, striped socks and a pair of white sneakers.

‘heyyyyy besties,’ Violet wrote on her new social media account.

WHAT IS A VALKYRIE? Everything to know about Golden State Valkyries WNBA expansion team

Violet just so happens to be named after the team’s official color, Valkyrie Violet, which ‘symbolizes power, ambition, nobility, and women’s empowerment, much like purple has been used symbolically in modern history,’ the team previously announced.

‘Something’s hatching’

Golden State hinted at Violet’s arrival and dropped Easter Eggs leading up to Monday’s announcement on Birdwatchers Night. A mysterious violet egg was first spotted outside of the Chase Center on Aug. 7 and a wildlife expert hired by the team predicted there’s a ‘bird species’ inside. Violet feathers also turned up near the egg.

‘I got called by the Valkyries to come and take a look at this big egg that showed up on campus. It’s a violet color which we don’t usually see and it’s got very bright gold speckles on it,’ wildlife management expert Kenny Elvin said in a video shared on social media. ‘It’s far larger than anything else that I’ve seen before. …

‘There are violet feathers. I don’t know any birds that are quite that color. We’ll see as it evolves. This egg could hatch very soon.’

Elvin was on to something. The Valkyries brought the egg inside Chase Center for closer inspection and even built a nest for the egg to feel at home. Each fan in attendance for the Valkyries’ matchup against the Connecticut Sun even received a pair of Valkyries Binoculars to spot the egg’s hatching.

Leading up to tipoff on Monday, the Valkyries released a video showing the mysterious violet feathers all over Chase Center as forward Monique Billings warmed up, another clue hinting at Violet’s color and origin.

Violet is sure to have a cult following. The Valkyries, the league’s first expansion team since 2008, have sold out every game at Chase Center this season.

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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Investing

Nuvau Launches Follow up Drilling to Bracemac Footwall Gold Discovery in Matagami

Investing 10 Mins Read

Nuvau Minerals Inc. (TSXV: NMC) has begun its minimum 1,500 m drill program aimed at testing continuity and extensions to the orogenic gold system discovered last month. The discovery was made with the first hole drilled of an inaugural gold-focused exploration program, in the footwall of the Bracemac-McLeod Mine approximately 200 m below surface. The follow-up program is being drilled immediately north east of this base metal mine, which was in production until mid 2022.

The Matagami Property is in the northern Abitibi Region of Quebec, one of the world’s most prolific gold endowed districts. This northern part of the Abitibi region includes Canada’s largest gold producing mine with the country’s largest gold mineral reserves: the Detour Lake Mine owned by Agnico Eagle Mines Limited. Hecla Mining Company’s Casa Berardi Mine, which has produced over 3 million ounces of gold, is located to the southwest of the Matagami Property (see Figure 1 below).

While the Abitibi’s first recorded gold discovery was 119 years ago in Rouyn-Noranda, the Matagami Property remains one of the largest areas in the region that has not been subject to a gold focused exploration program. Previous owners were concentrating on defining and developing multiple VMS deposits into multiple mines that produced extensive copper and zinc for more than 60 years. This was one of the primary opportunities Nuvau identified when it entered into the agreement to acquire the Property from Glencore. The Company recently began compiling gold related historic data, as well as launching several gold-focused initiatives (including till sampling) aimed at defining initial targets for drilling.

Figure 1: Matagami property location

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/262123_8f984e3ef4857b89_001full.jpg

Nuvau’s current gold-focused exploration program has identified three initial priority targets:

  1. Bracemac Footwall Discovery
  2. Gold-in-Till Anomaly Target
  3. Thunder Mine (1988) Target

The map below shows the location of these three targets (Figure 2). The vast majority of this 1,300 km2 land pack remains open for gold exploration.

Figure 2: Current gold targets

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/262123_8f984e3ef4857b89_002full.jpg

1. Bracemac Footwall Discovery

The recent discovery of gold mineralization in the footwall of the Bracemac Mine is located only 25 m from the access ramp of this permitted mine. The steeply dipping, strong shear zone structure with quartz veining mineralized with pyrite and locally visible gold was intersected at a depth of approximately 200 m. The visible gold was observed over approximately 0.5 m of core and assays are still pending on the discovery hole, BRCG-25-001.

Although located within the immediate footwall of the past-producing Bracemac-McLeod mine, the mineralized structure occurs in a late intrusive that truncated the mine host rock units (see Figure 3). The intrusive has seen very little drilling as the stratigraphy was not of interest for VMS exploration.

The follow up drill program is now underway to continue to step-out both up and down dip, and along strike, to test continuity of mineralization within the structural corridor as well as providing critical data on the dip and strike of the vein.

Figure 3: Past producing Bracemac-McLeod Mine and relative position of gold target drilled (left); schematic of the stratigraphy (right)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/262123_figure3.jpg

Figure 4: Visible gold found in more than 30 gold chips identified in logging the core

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/262123_8f984e3ef4857b89_005full.jpg

2. Gold-in-Till Anomaly Target

As part of Nuvau’s target generative exploration program, an overburden (till) drilling program was launched in 2023. This program resulted in the discovery of significant gold-in-till mineralization that was announced on March 4, 2025.

From the 2023 sonic drill program, hole PD-23-030s produced a notable gold grain anomaly detected at a depth of between 29.26 to 29.87 m in the overburden and featured more than 2,000 gold grains per 10 kg of material. In addition, a near-contiguous sample with 295 gold grains per 10 kg of material between 31.12 to 32.00 m was also encountered with the interval between consisting of a large locally derived boulder. Based on the almost pristine nature of the gold grains, and their close proximity to the bottom of the hole, the source is expected to be relatively close to this hole. (See images of gold grains below in Figure 5.)

To assist in defining targets in this area, a detailed drone MAG survey was completed. The limited rock outcrops were also mapped recently and together with the MAG data, a drill program is being designed for later this year. The objective of this drill program will be to gain a better understanding of the local geological structures and to test for the potential source of the extensive gold grains.

Figure 5: Mosaic of backscattered electron images of gold grain

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11236/262123_figure5.jpg

Notice the delicate textures and silicate attachments. LEFT: Image of 230 gold grains found in sample 155320186, hole PD-23-030s, RIGHT: Image of 112 gold grains found in adjacent sample 155320187.

3. Thunder Mine (1988) Target

The Thunder Mine property was acquired by Nuvau in 2023 for its potential for both base metal and gold mineralization. In 1988, Thunderwood Exploration Ltd. drilled a series of holes as follow-up to a 1959 hole that intersected copper mineralization (see Figure 6).

This follow-up program identified multiple gold-bearing structures; however, no subsequent follow-up work was completed. Highlight intercepts from the available public domain report include the following:

  • DT-14-88: 209.00 – 209.80 m (0.80 m) @ 26.40 g/t Au.
  • DT-10-88: 205.00 – 206.00 m (1.00 m) @ 78.16 g/t Au.
  • DT-18-88: 100.80 – 107.30 m (6.50 m) @ 1.55 g/t Au, incl.: 0.30 m @ 4.89 g/t Au.
  • DT-19-88: 226.00 – 231.00 m (5.0 m) @ 2.27 g/t Au, Incl.: 0.50 m @ 10.39 g/t Au.
  • DT-20-88: 136.80 – 137.10 m (0.30 m) @ 10.37 g/t Au and 204.50 – 205.00 m (0.50 m) @ 6.48 g/t Au.
  • DT-21-88: 310.50 – 319.90 m (9.40 m) @ 4.02 g/t Au, incl.: 0.70 m @ 42.03 g/t Au and 0.70 m @ 7.30 g/t Au.

These results been extracted from historical information, and are not compliant with NI 43-101. The original results are available via GESTIM, GM 48216, and GM 08790 at the following links:

    Thunder mine drilling is planned as part of Nuvau’s winter drilling program in Q1 2026.

    Figure 6: Thunder Mine Past drilling

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/11236/262123_8f984e3ef4857b89_012full.jpg

    About Nuvau Minerals Inc.
    Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

    Qualified Person and Quality Assurance
    Bastien Fresia P. Geo. (Qc), Technical Services Director of Nuvau and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.

    Drill core samples are sawn by staff technicians to create half core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue.

    Quality control samples including blind certified reference material (‘CRM’), blank material, and core duplicates are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec.

    All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in North Vancouver, British Columbia, for assay.

    Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy (‘ICP-AES’) or atomic absorption spectroscopy (‘AAS’) finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).

    ALS Canada Ltd. is an accredited, independent commercial analytical firm registered to ISO/IEC 17025:2017 and ISO 9001:2015.

    For further information please contact:
    Nuvau Minerals Inc.
    Peter van Alphen
    President and CEO
    Telephone: 416-525-6023
    Email: pvanalphen@nuvauminerals.com

    Cautionary Statements
    This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

    The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262123

    News Provided by Newsfile via QuoteMedia

    This post appeared first on investingnews.com

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    Sport

    Sean McVay says Rams will be cautious with Matthew Stafford

    Sport 3 Mins Read

    The Los Angeles Rams quarterback has been sidelined for the entirety of training camp thus far with a back injury. Stafford received an epidural to relieve the pain from an aggravated disc in his back, according to NFL Network’s Ian Rapoport on Aug. 6.

    Stafford went through a workout on Saturday, throwing 60 passes without limitations. Head coach Sean McVay was optimistic about the 37-year-old quarterback, revealing the team planned to have him in training camp practice on Monday.

    That was short-lived, however, as Stafford appeared at practice in street clothes.

    McVay said, via the team’s website, that Stafford ‘didn’t feel good enough’ to participate, adding that they would take a cautious approach.

    The Rams coach said that Stafford ‘had a great workout’ and ‘felt good’ on Saturday, ‘but then you come into today (Monday), it doesn’t feel great, and so didn’t think it was the right decision to be able to push him.’

    With the Rams’ season opener less than a month away, the clock is ticking on Stafford’s ability to be ready in time for Week 1 – even if the veteran figures to require less practice at this stage of his career.

    McVay continued to emphasize the importance of being smart in their approach to the injury, stating that they’ll continue to take it one day at a time.

    ‘More than anything, I feel for a guy that I really care about that wants to be out there more than anything else,’ McVay said. ‘We’re going to be smart. But he didn’t feel good enough, and we didn’t think it was the right thing to do based on how he woke up feeling today.’

    As for the possibility of surgery, McVay said that wasn’t a conversation they’ve had, adding that it hasn’t come up. He was also non-committal about Stafford’s status if there was a regular season game this week, saying he didn’t know if the quarterback could play, but added, ‘I think he still probably would be able to play just based on how he feels.’

    There are still a few weeks to sort everything out, but for now, it’s Jimmy Garoppolo who continues to get the first-team reps in practice.

    As for the Rams, they’ll want Stafford atop the depth chart when they battle the Houston Texans in Week 1. Based on McVay’s comments, however, don’t expect L.A. to rush him back.

    This post appeared first on USA TODAY

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    Sport

    Young NASCAR star ‘grateful to be walking’ after scary fall celebrating win

    Sport 3 Mins Read

    NASCAR driver Connor Zilisch, who broke his collarbone while celebrating his Xfinity Series victory at Watkins Glen International on Saturday, Aug. 9, is “grateful to be walking,” after his scary fall.

    The 19-year-old driver had taken the checkered flag in Saturday’s race at the New York road course and was climbing out through the window to celebrate on the roof his car when one foot got caught in the window netting. Zilisch stumbled then took a hard fall to the pavement.

    “The last thing I remember is thinking, I don’t know why, but I thought I was going to break my femur,” Zilisch said Monday, Aug. 11, on the Door Bumper Clear podcast. ‘My leg was stuck. I thought I was going to get caught in the headrest and just, I thought I was done.”

    Zilisch blacked out momentarily before on-track medical personnel rushed to his aid and whisked him away in an ambulance.

    On the podcast, Zilisch revealed the first things he remembered saying to the medical personnel when he came to before they put him on stretcher with a neck brace.

    “I was talking to the medics like, ‘I’m good. I’m good. My shoulder hurts a little but that’s it,’” he recalled. “I was like, ‘Why am I on a stretcher right now? I feel fine.’ I didn’t realize what had happened.”

    Zilisch was back at Watkins Glen the next day for the NASCAR Cup Series, though only as a spectator. Trackhouse Racing withdrew the car they planned to have him drive in Sunday’s race, which was eventually won by Trackhouse driver Shane Van Gisbergen.

    Speaking to NBC Sports reporter Marty Snider during the Cup race, Zilisch expressed his relief and appreciation.

    “So, glad it wasn’t any worse, and the collar bone was the extent of the injuries,’ he said. … Hopefully, my young bones will heal fast, and I’ll be able to get back in it as soon as possible.”

    What’s next for NASCAR driver Connor Zilisch

    Zilisch said surgery might be his best option for a quick return to racing, and he has a window because the Xfinity Series is off Aug. 15-16, while both the Craftsman Truck and Cup series race at Richmond Raceway that weekend.

    Zilisch, who drives in the Xfinity Series for JR Motorsports – the team co-owned by siblings Dale Earnhardt Jr. and Kelley Earnhardt Miller – won his sixth race of the season at Watkins Glen and is likely to be one of the favorites for the 2025 Xfinity Series championship. But the first thing on the agenda is healing and recovery.

    “I think it might be something that I might have to get surgery for. But in this case, I think surgery is something that speeds up the process, so you can get plates and screws and get it reconstructed back together,’ Zilisch said Monday on the Door Bumper Clear podcast.

    “Shane [van Gisbergen] talked about it. He had an injury in 2021 and broke his collarbone — he had plates, screws, everything done and he was racing back the next weekend. Thankfully, the collarbone is a relatively quick bone to fix and heal.”

    The Xfinity Series returns to racing on Aug. 22 at Daytona International Speedway, a track known for big crashes. Zilisch is the Xfinity points leader and has already missed one race this season due to a back injury.

    This post appeared first on USA TODAY

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    Editor's pick

    ESPN, Fox to bundle upcoming streaming services for $39.99 a month

    Editor's pick 3 Mins Read

    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.

    This post appeared first on NBC NEWS

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    Editor's pick

    What Trump’s Nvidia and AMD China deal means for the world

    Editor's pick 5 Mins Read

    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

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    A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

    Editor's pick 3 Mins Read

    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.

    This post appeared first on NBC NEWS

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    Sport

    Shohei Ohtani sued, accused of wrecking $240M Hawaii real estate deal

    Sport 3 Mins Read

    Los Angeles Dodgers superstar Shohei Ohtani and his agent are being sued by a Hawaii real estate investor and a broker, alleging that both men got them terminated from a $240 million housing development on Hawaii’s Hapuna Coast that they brought him in to endorse.

    The lawsuit was filed in Hawaii Circuit Court on Aug. 8 and obtained by USA TODAY Sports. It says that Ohtani’s agent, Nez Balelo, wanted assurances from Kevin J. Hayes Sr. — a developer who has been in business for 40 years — and real estate broker Tomoko Matsumoto before they demanded their business partner, Kingsbarn Realty Capital, a company based in Las Vegas, remove both from the real estate deal.

    Ohtani is referred to in the lawsuit, in which some portions are redacted, as ‘Otani.’ The developers say in the lawsuit that they spent more than a decade trying to work on the deal before signing Ohtani to an endorsement deal in 2023.

    ‘This case is about abuse of power. Defendants used threats and baseless legal claims to force a business partner to betray its contractual obligations and strip Plaintiffs of the very project they conceived and built. Defendants must be held accountable for their actions, not shielded by fame or behind-the-scenes agents acting with impunity,’ the lawsuit says. “Defendants must be held accountable for their actions, not shielded by fame or behind-the-scenes agents acting with impunity. Plaintiffs bring this suit to expose Defendants’ misconduct and to ensure that the rules of contract, fair dealing, and accountability apply equally to all — celebrity or not.”

    Ohtani and Balelo are accused in the lawsuit of ‘tortious interference and unjust enrichment, who used their ‘celebrity leverage to destabilize and ultimately dismantle Plaintiffs’ role in the project’ and attempted to sabotage a second business venture.

    Ohtani is listed in a 2024 press release for the Vista at Mauna Kea Resort project, aimed at appealing to Japanese and U.S. high-end buyers, that says he will be the first resident on the property. ‘To me, Hawaii is a beautiful blend of Pacific Ocean cultures,’ Ohtani says in the release. ‘Here, I found my own paradise at Mauna Kea Resort: Two perfect beaches, two amazing golf courses, and so much more. I selected my homesite and am building my winter home here. This is a special place – a place I will soon call home.’

    Ohtani is in his second season with the Dodgers, after signing a 10-year, $700-million contract, helping Los Angeles win the World Series last year. He is a five-time All-Star and three-time Most Valuable Player, who is hitting .284 with 42 home runs and 78 RBI for the NL West leaders in 2025.

    This post appeared first on USA TODAY

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    Investing

    Crypto Market Update: Trump Orders 401(k) Crypto Review, ETH Treasury Vehicle Files to Raise Billions

    Investing 6 Mins Read

    Here’s a quick recap of the crypto landscape for Friday (August 8) 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$116,454, down by 0.8 percent over the last 24 hours. Its lowest valuation on Friday was US$115,979, while its highest valuation was US$117,038.

    Bitcoin price performance, August 8, 2025.

    Chart via TradingView.

    An executive order from the Trump administration about the addition of cryptocurrency investment options to federally regulated 401(k) retirement plans could trigger an influx of new capital and drive up Bitcoin’s price.

    Separately, over US$1 billion in Bitcoin call options are set to activate if Bitcoin hits US$200,000 on December 26, when US$8.8 billion in options are set to expire; however, experts believe the presence of these call options reflects strategic positioning rather than a widespread belief in a year-end surge to that level. Cointelegraph analyst Marcel Pechman notes that pro traders are using far-out-of-the-money calls in structured strategies like diagonal spreads and inverse butterflies to manage risk and seek asymmetric upside, not as direct bets on extreme price targets.

    Ethereum (ETH) was priced at US$4,053, up by 4.9 percent over the past 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$3,910 at the start of trading.

    Altcoin price update

    • Solana (SOL) was priced at US$178.05, up by 3.8 percent over 24 hours. Its lowest valuation on Friday was US$174.86, and its highest was US$179.36.
    • XRP was trading for US$3.30, up by 6.6 percent in the past 24 hours. Its lowest valuation of the day was US$3.22, and its highest price was US$3.35.
    • Sui (SUI) was trading at US$3.85, up 3.1 percent over the past 24 hours. Its lowest valuation of the day was US$3.73, and its highest was US$3.86.
    • Cardano (ADA) was trading at US$0.7964, up by 4.2 percent over 24 hours. Its lowest valuation on Friday was US$0.7787, and its highest was US$0.8022.

    Today’s crypto news to know

    Trump order opens door for crypto and private equity in 401(k)s

    US President Donald Trump has signed an executive order directing the Department of Labor to review its fiduciary rules for retirement plans, potentially clearing the way for assets like cryptocurrencies, private equity and real estate to be included in 401(k)s. While no laws have changed, the move signals a potential shift from the Biden era.

    The Employee Retirement Income Security Act still requires fiduciaries to choose “prudent” investments, meaning employers will need to justify the inclusion of volatile or opaque assets. Legal experts say the order could influence how federal agencies interpret the rules, but it won’t override decades of court precedents on fiduciary duty.

    For now, employers remain cautious due to the risk of lawsuits over imprudent or overly expensive options. Crypto in 401(k)s remains rare, though large firms like BlackRock are already exploring target-date funds with alternative assets.

    SEC and Ripple dismiss appeals, ending lawsuit

    Ripple and the US Securities and Exchange Commission (SEC) have dismissed their respective appeals, effectively ending a five-year lawsuit, as per a brief filing on Thursday (August 7) with the Court of Appeals for the Second Circuit.

    “Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” Ripple’s chief legal officer, Stuart Alderoty, wrote on X.

    The SEC sued Ripple in 2020 for selling XRP as an unregistered security. A July 2023 ruling by Judge Analisa Torres found XRP was not a security when sold on public exchanges, but was when sold to institutional investors.

    The SEC appealed, and Ripple cross appealed. However, this past April, both parties filed a joint motion to pause their appeals, hinting at a settlement. They settled in May, asking Torres to dissolve the injunction and lower the US$125 million fine. She denied that in June, stating that Ripple must still follow federal securities laws.

    Following the announcement, open interest in XRP grew by over 15 percent in 24 hours and futures volumes rose by over 233 percent, according to Coinglass data.

    Parataxis to go public via SPAC merger

    Bitcoin asset manager Parataxis announced its plan to go public by merging with a special purpose acquisition company (SPAC) called SilverBox Corp. IV on Wednesday (August 6).

    The deal aims to raise up to US$640 million to “support acceleration of digital asset purchases and support long-term strategy.’ It implies a total pro forma equity value of up to US$800 million for the combined company, assuming the US$10 share price and no redemptions. The new public company will be named Parataxis Holdings and will trade on the New York Stock Exchange under the ticker symbol “PRTX.”

    The company’s goal is to launch a yield-enhanced Bitcoin treasury strategy in the US and South Korea. The deal also includes an equity line of credit to raise additional funds. This will allow it to continue accumulating Bitcoin.

    The company has already allocated US$31 million for an initial Bitcoin purchase.

    Fundamental Global files to raise funds for ETH accumulation

    Fundamental Global (NASDAQ:FGF), a new Ethereum treasury vehicle, has filed to raise US$5 billion, signaling the potential emergence of a new mega whale in the Ethereum market.

    According to a Friday press release, the company aims to use the majority of the proceeds from a potential US$4 billion common stock offering to acquire a 10 percent stake in the Ethereum network.

    “This US$5 billion shelf filing represents a significant step in our capital raising capabilities and positions us to move with speed and scale when capital deployment opportunities arise,” said CEO and Chairman Kyle Cerminara.

    “We believe this framework will enable us to capitalize on ETH accumulation opportunities and support our target of a 10 percent stake in the Ethereum Network,’ he added.

    Binance partners with Spain’s BBVA to bolster asset security

    Binance is teaming up with Banco Bilbao Vizcaya Argentaria (BBVA), Spain’s second largest bank, to give customers the option of storing their assets with a regulated custodian rather than directly on the exchange.

    The arrangement is designed to reassure investors after Binance’s US$4.3 billion fine from US regulators in 2023 over anti-money laundering failures. With BBVA acting as an independent custodian, customer funds would remain secure even if Binance faced hacking, insolvency or further regulatory action.

    The partnership leverages BBVA’s strong reputation for compliance and innovation, aiming to encourage more cautious investors to engage with crypto. The move also follows leadership changes at Binance, including founder Changpeng Zhao’s resignation and brief prison sentence, as the company works to repair its image.

    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

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