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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.
- 13:24Circle-related address purchases 80,000 HYPE and tests USDC on Hyper EVMChainCatcher news, a Circle-related address has currently purchased 80,000 HYPE (4.6 million USD). Circle is also actively testing USDC on the Hyper EVM mainnet, indicating that native USDC may be launched in the coming days or weeks.
- 13:23AAVE has become the second largest application on Ethereum by total value locked (TVL).Jinse Finance reported that, according to a chart released by @TheDeFinvestor, AAVE has become the second largest application on Ethereum L1 by total value locked (TVL). This marks the first time in a long period that a decentralized finance (DeFi) application has surpassed Circle in terms of total value locked.
- 13:07WisdomTree launches its first tokenized fund, offering investors exposure to private credit investmentsAccording to ChainCatcher, as reported by Bloomberg, WisdomTree Inc. has launched its first tokenized fund, offering investors exposure to private credit investments. The WisdomTree Private Credit and Alternative Income Digital Fund (ticker CRDT) officially launched on Friday. The fund tracks an equally weighted index composed of 35 closed-end funds, business development companies, and real estate investment trusts. The company had previously launched an ETF based on this benchmark in 2021. The minimum investment for the tokenized fund is $25, with redemption supported within two days. CRDT tracks a public investment vehicle index linked to private credit, a design that lowers entry barriers and increases liquidity, though there remains a layer between investors and the underlying loans. At launch, WisdomTree's CRDT fund will be tokenized on the Ethereum and Stellar blockchains, with plans to expand to other blockchains such as Avalanche in the coming weeks.