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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.
- 10:40Data: Recent Three Groups of Hackers Earned Over $83.21 Million in Additional Profits Due to ETH SurgeChainCatcher reports that, according to on-chain analyst Yu Jin, there have recently been three cases where hackers, after previously stealing assets, gained additional profits due to the rise in ETH prices. Among them, the Radiant Capital hacker exchanged approximately $53 million in stolen assets for 21,957 ETH in October last year, recently sold part of the ETH and held DAI, with total assets appreciating by about $48.3 million compared to the original amount; The Infini hacker exchanged about $49.5 million in stolen USDC for 17,696 ETH in February, earning an additional profit of around $25.15 million from the ETH price increase; Another unidentified hacker bought 4,957 ETH at a low price in June and sold at a high today, making a profit of approximately $9.76 million.
- 10:29Data: Galaxy Digital withdrew 37,808 ETH worth approximately $172 million from CEXs in the past 24 hoursChainCatcher reports that, according to monitoring by The Data Nerd, Galaxy Digital has withdrawn 37,808 ETH (approximately $172 million) from exchanges in the past 24 hours.
- 10:29Illegal Bitcoin Mining Activities on the Rise in Tajikistan and KazakhstanAccording to a report by Jinse Finance citing Decrypt, illegal Bitcoin mining activities are on the rise in Tajikistan and Kazakhstan. The Prosecutor General of Tajikistan stated that in the first half of 2025, losses caused by illegal cryptocurrency miners in the country reached $3.52 million. Meanwhile, Kazakh authorities have recently cracked down on crypto miners using unauthorized energy sources, indicating that this issue is becoming increasingly serious in Central Asia.