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…
In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection….
In brief Strategy should immediately end its Bitcoin-buying spree and focus purely on shoring up cash, according to CryptoQuant Analyst Julio Moreno. He argued that the company’s lack of available cash is compounding pressure on Stretch (STRC), which fell to record lows on Wednesday. Strategy’s so-called USD Reserve should be rebuilt to provide the company…
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…
Key Takeaways Bitgo announced a 15% layoff to streamline operations, hitting the crypto infrastructure job markets. Bitgo raised $200M in a 2026 IPO, but its stock dropped 70% to $4.8, dampening crypto listing markets. Mike Belshe cut 90 roles to focus on AI, while Coinbase cut 700 to survive shifting tech markets. Crypto Custody Company…
An Ethereum whale who shorted Ether (ETH) during the October 2025 crypto crash has returned after eight months of silence. Key takeaways: Ethereum whale opens a $19.72 million 20x ETH short near the $1,500 support zone. ETH’s bear flag setup hints at a decline toward $1,375, which may earn the whale roughly $2.39 million in…
Some of the largest US crypto companies and advocacy groups are escalating a coordinated lobbying campaign to secure a Senate vote on landmark digital-asset legislation before lawmakers leave Washington for their August recess. The industry’s push for the Digital Asset Market CLARITY Act comes as the Senate confronts a narrowing legislative calendar, and negotiations remain…
In brief The Trump administration reportedly asked OpenAI to limit GPT-5.6’s initial release to government-approved partners. Officials are evaluating the model under a new federal testing framework for advanced AI systems. The move comes after years of calls from leading AI developers for stronger oversight of frontier models. President Donald Trump’s administration has asked OpenAI…
The FTSE 100 ended lower on Friday while technology stocks fell as the New York Times reported OpenAI may delay its initial public offer. The FTSE 100 closed down 21.87 points, or 0.2%, at 10,508.02. The FTSE 250 ended down 14.22 points, 0.1%, at 23,147.19, and the AIM All-Share fell 1.57 points, 0.2%, to 770.35….
Key Takeaways Bitcoin ETFs lost $696.29M on June 25, with Fidelity and Blackrock leading outflows. Ether, HYPE, and solana ETFs also turned negative, signaling broader risk-off sentiment. Morgan Stanley’s MSBT added $9.17M, but ETF demand remains weak across crypto markets. HYPE ETFs Turn Negative After Weeks of Inflows as Crypto Selloff Widens The pressure that…
Bitcoin (BTC) struggled to reclaim $60,000 on Friday amid continued global market volatility. Key points: Bitcoin closes below $60,000 on daily time frames for the first time since September 2024. Asian stock markets see another day of major losses on tech-stock concerns. BTC price analysis hopes for a reclaim of the 200-week trend line as…
Ripple and SBI announced the official launch of RLUSD in Japan on June 24, following JFSA approval, with the stablecoin available to institutional and retail users through SBI VC Trade. Ripple categorized RLUSD under Japan’s Payment Services Act as a new type of electronic payment instrument for foreign-issued stablecoins, the first time the company has…
In brief Strategy’s flagship preferred stock drifted further away from its $100 par value, setting another record low as Bitcoin’s price steadied. Analysts have grown increasingly fixated on the company’s capital structure, particularly recurring costs tied to Stretch (STRC). As the Bitcoin-buying firm’s stockpile sat $13.1 billion underwater, Michael Saylor emphasized Strategy’s focus on disciplined…
The Nasdaq was down 1%, while the Dow was down 206 points, or 0.4%. The Invesco S&P 500 Equal Weight ETF, a proxy for breadth since it counts every single S&P 500 stock as if it had the same market capitalization, was rising. At the sector level, a rotation to health care, consumer staples, real…
