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Share link:In this post: Tesla’s sales, profits, and stock have dropped, with analysts citing weak demand and rising competition from China. Musk remains optimistic, touting future robotaxi services and Tesla’s AI as superior. Tesla faces growing pressure from rivals like Waymo, which is expanding faster and already generating revenue from autonomous ride services.
Share link:In this post: Trump now holds a golden share in U.S. Steel, giving him direct veto power over company decisions. The Pentagon bought a $400 million stake in MP Materials, marking its first equity move in mining. Trump proposed taking a 50% stake in TikTok and may expand investments in strategic industries.
Share link:In this post: The U.S. has set a 15% minimum tariff on imports, and higher rates will follow if trade deals aren’t made. Companies warn of cost hikes, with some already raising prices or suing. Economists predict rising prices on goods like clothing, electronics, and shoes.
Quick Take This is an excerpt from the 31st edition of The Funding sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
- 03:13Project Hunt: USD1 Ecosystem Platform Blockstreet Tops the List for Most New Followers of Key Figures in the Past 7 DaysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that over the past 7 days, the USD1 ecosystem platform Blockstreet has attracted the most new followers among top X (Twitter) influencers. Notable new X influencers following this project include crypto trader Pentoshi (@Pentosh1), cryptocurrency investor and analyst Miles Deutscher (@milesdeutscher), and crypto trader Ash Crypto (@Ashcryptoreal). In addition, Perle Labs is also among the projects with the most new followers from top X influencers.
- 03:02RootData: KAITO to Unlock Tokens Worth Approximately $59.61 Million in One WeekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Kaito (KAITO) will unlock approximately 48.86 million tokens, valued at around $59.61 million, on August 20 at 12:00 (GMT+8).
- 02:54Hyperliquid Whale Significantly Reduces Short Positions, Major Whale Suffers Over $10 Million Loss Shorting XRP and SUIBlockBeats News, August 13 — According to real-time monitoring by HyperInsight, several major whales have been actively trading in the Hyperliquid contract market over the past six hours. Some of these large short-position holders have significantly reduced their short positions, but are still “holding on” to their trades: Whale with address starting 0x7fdafde: FARTCOIN short position increased by $810,000, with current unrealized profit of $2.8 million and a liquidation price of $2.632.ETH short position currently has an unrealized loss of -$5.98 million, with an entry price of $4,037. Whale with address starting 0x8af700:SUI short position currently has an unrealized loss of -$3.51 million, with an entry price of $2.32;XRP short position currently has an unrealized loss of -$7.15 million, with an entry price of $2.11. Whale with address starting 0x2ba553: BTC long position increased by $6 million, with current unrealized profit of $650,000 and a liquidation price of $52,630.649; Whale with address starting 0x5b5335: ETH short position increased by $850,000, with current unrealized loss of -$5.98 million and a liquidation price of $4,882.425.