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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.
- 15:22A certain whale has once again spent 3.82 million USDC to buy HYPE, and currently holds 420,379 tokens.Jinse Finance reported, according to monitoring by Lookonchain, whale address 0xFa0F has once again spent 3.82 million USDC to purchase HYPE. Currently, he holds 420,379 HYPE tokens (worth $23.5 million), with an unrealized profit of $5.47 million.
- 15:04Pizza Hut and KFC in South Africa now accept Bitcoin paymentsAccording to a report by Jinse Finance, citing market news from The Bitcoin Historian, with the payment service provider ZAPPER integrating the Lightning Network, Pizza Hut and KFC in South Africa have now started accepting Bitcoin payments.
- 14:43Data: Total stablecoin market cap surpasses $289.4 billion, up 0.96% in the past 7 daysChainCatcher news, according to DefiLlama data, the current total market capitalization of stablecoins across the network is reported at $289.415 billions, representing a 0.96% increase over the past 7 days, with USDT holding a market share of 58.83%.