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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.
- 20:02A certain whale continues to increase long positions in BTC and ETH, with total exposure reaching $158 million.Foresight News reported, according to monitoring by Lookonchain, the whale starting with 0xc2a3 continues to increase its long positions in BTC and ETH, with a total exposure now reaching 158 millions USD. The current holdings include: 19,894 ETH (valued at 80.3 millions USD) and 699 BTC (valued at 77.6 millions USD).
- 20:02Connecticut Innovations invests in Yuma Asset Management's subnet token strategy, specific investment amount undisclosed.Foresight News reported that Connecticut Innovations has invested in Yuma Asset Management's subnet token strategy through its AI/Q fund, with the specific investment amount undisclosed. Yuma Asset Management provides two investment tools for institutional investors such as Connecticut Innovations: the Yuma Subnet Composite Fund and the Yuma Large Cap Subnet Fund, both aiming to access Bittensor's decentralized AI infrastructure.
- 20:02Turtle opens TURTLE airdrop inquiryForesight News: Liquidity allocation protocol Turtle has announced the opening of TURTLE airdrop eligibility checks.