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…
Hyperliquid’s HYPE token is down 22% from its $75 all-time high, bringing its 2026 uptrend to a key test of support. Market participation has cooled across the derivatives markets, while the spot flows show early signs of stabilization after strong selling pressure in early June. The $50-$54 area now stands out as the most important…
ChatGPT AI just made a prediction on SpaceX stock price that treats the recent pullback as an opportunity rather than a warning. The model sees $220 to $280 by the end of 2026, with an aggressive case stretching to $320. The bull case treats SpaceX as a rare combination of businesses trading under one ticker….
A highly watched Hyperliquid ETH long has become a public stress point for traders tracking whale leverage in real time. On June 23, Lookonchain said the account it identified as Machi Big Brother was liquidated 7 times over 10 hours while still holding long positions. Seven forced exits in one 10-hour window would usually be…
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go into effect on July 1. The Trump CFTC has sued to prevent its enforcement. The case marks the latest battle in a nationwide fight between states and the Trump administration…
Micron surged overnight on strong earnings and guidance, lifting other memory and chip plays. The Fed’s favorite inflation gauge is on tap. Source link
Key Takeaways Sen. Steve Daines said the Senate could release a crypto tax bill by fall 2026, with a framework already drafted. The Senate plan is “more similar than not” to the House Ways and Means Committee’s proposal, Daines said. A markup could come this year, adding tax rules to a US crypto agenda already…
Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who is serving a 7.5-year prison sentence after reaching a plea agreement with prosecutors, is scheduled to stand trial in November following delays stemming from motions related to her husband’s plea deal. On Wednesday, Judge George Daniels in the US District Court for…
Solana price is trading at $68, with a $40 billion market cap, as its spot volumes dominate onchain. However, its perp activity is conspicuously absent. If we laid out the structural case, Solana holds 25% of the total on-chain DEX share, with mainstream asset spreads compressed to 0.4–1.6 bps on large trades. Solana is approaching…
Strategy (formerly known as MicroStrategy) is discovering that strengthening one part of its increasingly complex balance sheet can expose weaknesses elsewhere. The Bitcoin treasury company spent $1.5 billion in May repurchasing convertible notes, reducing its debt but also draining cash that investors viewed as a backstop for its preferred-stock dividends. Weeks later, its Variable Rate…
In brief Meme stock traders on Reddit have put their efforts behind fast-food chain Wendy’s. Shares in the firm have bounced over 25% on Wednesday amid a surge of posts seeking to “save” the franchise. Even after the daily spike, WEN shares have fallen 66% in the last five years. Bitcoin is sinking Wednesday, but…
