Gold Prices Rise as Fed Rate Hike Bets Ease 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision 
South Korean Won Leads Asian FX Losses as Dollar Rises 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
US Dollar Near Two-Month Low as Markets Await Inflation Data 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Nike and Hermès have filed a case against retailers for the use of their images without permission. The companies have brought online sneaker reseller StockX and Mason Rothschild, respectively, to the court for trademark infringement.
Nike said that its trademark had been used by StockX by selling images of its sneakers in the form of non-fungible tokens or NFTs. As for Hermès, it sued Mason Rothschild last week as he created the MetaBirkins NFT collection, which features the images of the luxury brand’s world-famous Birkin bags.
In its complaint that was filed in a federal court in New York, the Paris, France-headquartered luxury goods company, said that Rothschild is “A digital speculator who is seeking to get rich quick by appropriating the brand MetaBirkins for use in creating, marketing, selling, and facilitating the exchange of digital assets known as non-fungible tokens.”
As per CoinDesk, the OpenSea NFT marketplace has pulled out the Metabirkin NFTs after a cease-and-desist letter has been served by Hermès to Rothschild. On the other hand, Nike’s lawsuit has no result yet since it just made the filing in court not long ago.
Nike went to the court on Friday, Feb. 4, and it accused StockX of minting and selling NFTs featuring the brand’s trademarked material. These have not been authorized or approved by the company; thus, the footwear firm would like to stop further sales. It is also asking for monetary damages compensation, but the amount has not been mentioned.
Vogue Business reported that Nike stated in the suit that StockX “has chosen to compete in the NFT market not by taking the time to develop its own intellectual property rights, but rather by blatantly freeriding, almost exclusively, on the back of Nike’s famous trademarks and associated goodwill.”
Meanwhile, the representative of the company did not respond to the request for comment. Nike or its lawyers were not able to give statements regarding the lawsuit as well, according to CNBC.
However, Nike said that StockX started selling NFTs of its sneakers last month, and it also told buyers that in the future, they would be able to redeem the tokens for the physical versions of the sneakers. In the complaint, Nike said that StockX sold more than 500 Nike-branded NFTs.
