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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.
- 06:47BTC falls below $115,000According to Jinse Finance, market data shows that BTC has fallen below $115,000 and is currently quoted at $114,961.32, with a 24-hour decline of 2.56%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 06:43BTC Holdings of Australia's Monochrome Spot Bitcoin ETF Rise to 990According to an official announcement reported by Jinse Finance, the Monochrome spot Bitcoin ETF (IBTC) in Australia disclosed that as of August 15, its holdings had reached 990 bitcoins, with a market value of approximately 180 million Australian dollars.
- 06:37Crypto Influencer Sentenced to One Year for $3.5 Million Cloud Mining ScamAccording to a report by Jinse Finance, citing Cryptonews, crypto KOL Charles O. Parks III has been sentenced to one year and one day in prison for orchestrating a large-scale cloud computing mining scam. Between January and August 2021, Parks defrauded cloud service providers using fake company identities, illegally mining nearly $1 million worth of cryptocurrencies, including Ethereum (ETH), Litecoin (LTC), and Monero (XMR). Parks had previously pleaded guilty and was ordered to forfeit $500,000 and a Mercedes-Benz. Prosecutors stated that Parks converted his mining proceeds into cash through exchanges, NFT marketplaces, and payment processors, using the funds for luxury purchases.