Key Takeaways Jamie Dimon called the bull market a “little tsunami” at a June 21 Council on Foreign Relations event. He cited $700 billion in AI spending, 4.3% unemployment, and 2% GDP growth as near-term supports. Dimon flagged Ukraine, Iran, Russia, and China tensions as underpriced longer-term risks. A Warning Wrapped in a Metaphor Speaking…
Key Takeaways Rep. Bryan Steil’s bill would bar House members and families from political bets on Kalshi and Polymarket. Violators face a penalty of at least $2,000 or 10% of the trade, plus forfeiture of net profits. Speaker Johnson and Trump back the measure, which echoes a Senate rule passed earlier in 2026. A New…
Wall Street got the message loud and clear. Fed Chairman Kevin Warsh is shaking up the institution tasked with keeping inflation in check. Investors hoping for dovish signals got a different message from Warsh. After the Federal Reserve left interest rates unchanged, the new Fed chair used his post-meeting press conference to emphasize the central…
In brief Dozens of mostly college-age creators were paid to film fake bets, and sometimes fake wins, on near-identical copies of the Polymarket website, a Wall Street Journal investigation found. A WSJ review of 1,105 videos by 10 creators found that none of roughly $1.9 million in wagers shown were real, including a creator’s staged…
There go chips, and there goes the market. The Nasdaq dropped 0.8% suddenly on Wednesday after posting solid gains earlier in the session. Even the S&P 500, which featured good breadth, was down 0.3%. Source link
Key Takeaways Micron earnings on June 24 could reset artificial intelligence (AI) chip sentiment after a 4% Nasdaq slide. Bitcoin fell below $60K as $169.28M in BTC liquidations hit crypto markets. Brent near $74 helped ease U.S. inflation fears as 10-year yields fell 9 basis points. By midday June 24, the Dow Jones Industrial Average…
Bitcoin (BTC) hit new two-week lows at Wednesday’s Wall Street open as traders predicted a rally to a “poor” lower high. Key points: Bitcoin price action edges closer to range lows, which traders still see holding. A relief bounce should enter soon, they say, with targets closer to $70,000. US-Iran peace progress has little bullish…
Protect Progress, the super PAC affiliated with crypto industry flagship Fairshake, spent $5.5 million backing Adrian Boafo in Maryland’s Democratic primary for the 5th Congressional District on June 23, a 24-candidate field for the seat vacated by retiring House Majority Leader Steny Hoyer. Boafo won. Fairshake spokesperson Geoff Vetter put it plainly: “We went big,…
In brief Physicist Henry Legg argues Microsoft has not demonstrated a topological qubit. The critique targets the technology underpinning Microsoft’s recently announced Majorana 2 chip. Microsoft rejected the claims and defended its results in a formal response. Weeks after Microsoft unveiled Majorana 2, a quantum chip it said was 1,000 times more reliable than its…
(Updates with latest market prices and developments.) US benchmark equity indexes were mixed intr Source link
Key Takeaways Strategy’s 847,363 BTC stash sits $12.55 billion underwater as bitcoin trades under $60,000. MSTR has fallen 78.37% since July 2025, losing far more ground than holding BTC directly. STRC trades at $82.20, pushing its effective yield to 13.99% as investors demand higher risk compensation. STRC Discount Tests Strategy’s Bitcoin Bet as Investors Demand…
Several Democrats and one Republican who were supported by more than $8 million worth of ads funded by cryptocurrency-aligned political action committees (PACs) won their respective US primaries on Tuesday, setting up their candidacies for the November election. Party primaries for US House of Representatives and Senate candidates in Utah, Maryland and New York resulted…
Bitcoin price is trading around $62,000, with relatively no movement, but it’s doing little to mask a deeper structural prediction that is playing out publicly. CryptoQuant has issued a pointed recommendation. According to CryptoQuant analyst, Strategy, the Michael Saylor-led corporate Bitcoin buyer should stop accumulating BTC and focus on rebuilding cash reserves before its preferred…
Bitcoin’s break below $60,000 on June 24 exposed the market’s timing problem: sellable coins moved closer to exchanges while ETF demand weakened and leveraged traders cut risk. CryptoSlate market data shows Bitcoin trading near $59,340, down 4.05% over 24 hours and 9.03% over seven days. Related Reading America’s Bitcoin buying turns negative as BTC drifts…
