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Share link:In this post: Target put out a profit warning for the first quarter, saying that Trump’s tariffs will hurt its business. Target said that due to uncertainty, the company expects to see meaningful year-over-year profit pressure in its first quarter relative to the remainder of the year. Target’s stock is down 21% in the last year and 9% so far this year.
Quick Take The price of AXL rose over 14% in a matter of minutes after news broke that Canary Capital had filed an S-1 registration with the SEC on Wednesday for an Axelar ETF.
Quick Take The bankrupt crypto exchange transferred 11,834 BTC to an unmarked address on Wednesday, marking the first larger transaction since late January. Arkham Intelligence data shows that it also sent 166.5 BTC to its cold wallet around the same time today.
Quick Take Aave DAO is considering launching a “savings” version of its GHO stablecoin, similar to Sky’s sUSDS token. The move comes amid a series of proposals seemingly aimed at driving GHO adoption.
- 11:19Bank of America: Trade War Challenges the "American Exceptionalism" Narrative, U.S. Stocks' Share of Global Capital Drops SharplyOdaily Planet Daily – Strategists at Bank of America have stated that as the trade war sparks doubts about the so-called “American exceptionalism,” the proportion of global equity market funds flowing into the U.S. will drop sharply in 2025. Citing data from EPFR Global, the Bank of America team noted in a report that so far this year, U.S. equity funds have attracted less than half of global inflows, compared to 72% in 2024. Over the past three months, foreign inflows have slowed to less than $2 billion, down from $34 billion in January this year. Trump’s unpredictable trade policies, the ballooning fiscal deficit, and the depreciating U.S. dollar have dampened investor enthusiasm for U.S. assets. Some asset management firms have warned that, due to the political risks brought by the Trump administration, the U.S. is no longer a safe investment destination for foreign investors. (Jin10)
- 11:02A transaction with a gas fee as high as 31 ETH, approximately $112,000, occurred on the Ethereum networkAccording to a report by Jinse Finance, Whale Alert monitoring detected a single transaction on the Ethereum network 8 minutes ago that paid a transaction fee of 31 ETH (worth $112,745).
- 10:47In the past 24 hours, bonk.fun's revenue was nearly three times that of pump.funOn July 18, according to Dune data, pump.fun generated $574,195 in revenue over the past 24 hours, while bonk.fun brought in $1,575,091 during the same period—nearly three times that of pump.fun.