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Ethereum’s rally to $4,331 has sparked a tug-of-war among major holders, with some doubling down and others cashing out big gains.
Share link:In this post: Trump’s nomination of Stephen Miran to the Fed board has raised concerns at JPMorgan that it could be part of a push to rewrite the Federal Reserve Act, potentially giving the White House more control over monetary policy. Miran’s 2024 paper calls for sweeping reforms, including presidential power to fire Fed officials, congressional control of the Fed’s budget, and shifting regulatory duties to the Treasury. While major changes face steep hurdles in the Senate, analysts warn the F
Share link:In this post: AI is reshaping U.S. markets, boosting leaders like Nvidia while hurting companies in creative, staffing, and advertising sectors that face rapid automation risks. Bank of America flagged 26 high-risk firms, and stocks like Wix, Shutterstock, and Adobe have sharply underperformed since mid-May. Microsoft, Meta, Alphabet, and Amazon plan to spend about $350B this year on AI infrastructure, widening the gap between market winners and losers.
Share link:In this post: Trump signed an executive order to allow 401(k) plans to include crypto. Employers and plan sponsors must approve before any changes happen. Providers like Fidelity and Vanguard will decide if crypto options are added.
Share link:In this post: Nvidia now makes up about 8% of the S&P 500, the largest share for a single stock since 1981. The U.S. has approved licenses for Nvidia to sell its H20 AI chips to China after reversing an earlier ban. Apple and Alphabet are flagged as overbought, with Apple gaining 13.3% and Alphabet up 6.5% this week.
Share link:In this post: Tesla has applied to Ofgem for a licence to supply electricity to UK homes, with “Tesla Electric” potentially launching next year. The service will link with Tesla cars, Powerwall batteries, and possibly “vehicle-to-home” tech, aiming to cut bills and use stored solar power during peak demand. Despite this push, Tesla faces falling UK and European car sales, stiff EV competition, and reputational challenges linked to Elon Musk.
Pump.fun’s bold Glass Full Foundation and $12M buyback aim to strengthen meme coin cults, yet PUMP struggles to impress investors.
- 12:19JustLend DAO Proposes USD1 Stablecoin MarketAccording to ChainCatcher, an official announcement states that JustLend DAO has formally initiated a governance proposal to list the fully collateralized USD stablecoin USD1 (TRC20), issued by World Liberty Financial. The proposal will add support for jUSD1 in the smart contract, with an initial collateral factor for USD1 set at 0% and a reserve factor at 10%. A jump rate model will be introduced, where the interest rate will rise to a higher tier once utilization exceeds 80%. When utilization reaches 100%, the annualized supply yield (APY) will hit 72.90%. This move will significantly expand users’ stablecoin options and enhance platform liquidity. If the proposal passes, users will be able to deposit USD1 to earn high yields or use it as collateral for borrowing, further broadening DeFi financial application scenarios. JustLend DAO will continue to optimize the protocol to provide users with safer and more efficient lending services.
- 12:19Bessent: Tariff revenues will be well tested in August and September, possibly exceeding $300 billionAccording to ChainCatcher, citing Jintou News, U.S. Treasury Secretary Bessent stated that tariff revenue will be well tested in August and September, and may exceed $300 billion. Relying solely on tariffs could reduce the deficit ratio to around 5%.
- 12:19Swedish listed company Fragbite Group announces plan to purchase 100 BTC this yearAccording to ChainCatcher, Swedish listed company Fragbite Group has announced its goal to accumulate 100 BTC by the end of the year. The company completed its first BTC purchase this July, acquiring 4.3 BTC to support its BTC strategic reserves.