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July 7th saw key moves in tech and finance: AI legal startup Norm raised $120M, BlackRock plans a Nasdaq 100 ETF, Amazon eyes dollar bond issuance. Nscale secured credit for AI data center expansion, Bitwise made a major token purchase, and a SpaceX data center shutdown drew attention.
Read MoreFederal Reserve official John Williams anticipates continued strong investment in artificial intelligence. He views labor market risks as balanced and holds a more positive near-term inflation outlook due to energy prices. Policy will be data-dependent, with the Fed prepared to achieve its goals.
Read MoreEDX Markets, an institutional digital asset trading platform, has raised $76 million in a Series C round led by SBI Holdings. The funds will boost trading, clearing, and settlement capabilities, accelerate product development, and drive global expansion. The company is also pursuing a regulated trust charter to expand custody and risk management services.
Read MoreA lawsuit seeks to shut down SpaceX's Colossus 2 data center over permit violations for its gas turbines. This legal action puts the company's $45 billion contract with Anthropic at risk, pending a court decision on operational compliance.
Read MoreZcash developers plan to integrate formal verification into the new Ironwood privacy pool, using mathematical proofs to eliminate the risk of undetectable counterfeiting. This move addresses theoretical vulnerabilities in prior systems, aiming to build verifiably secure privacy infrastructure.
Read MoreAn AI-powered legal startup has raised $120 million in new funding, reaching a $1.2 billion valuation. The company uniquely operates its own law firm, charging clients based on outcomes rather than billable hours, challenging traditional legal service models.
Read MoreCrypto asset manager Bitwise acquired 33,600 HYPE tokens valued at $2.4 million from market maker Wintermute, signaling a significant strategic investment that has drawn market attention to both Bitwise's moves and HYPE's potential.
Read MoreBlackRock is launching a Nasdaq-100 ETF to meet growing investor demand for tech and AI-driven market exposure. The fund begins trading Thursday, competing directly with established products like Invesco's QQQ. This move follows recent Nasdaq index rule changes aimed at faster inclusion of new listings.
Read MoreBitcoin Suisse has obtained a Financial Services Permission from Abu Dhabi's ADGM via its subsidiary. This license authorizes the firm to offer regulated digital asset services, including custody, spot trading, and derivatives execution, to qualified institutional and professional investors in the Middle East region.
Read MoreTopband announced its Cloud Storage & Charging business is entering initial commercialization, targeting rapid scaling by 2026. This flagship AI-integrated product marks its shift from component supplier to system solution provider, focusing on industrial and residential energy storage markets.
Read MoreFrance's budget minister has unveiled a significant fiscal adjustment plan, targeting €3 billion in spending reductions by 2026. This strategic move aims to streamline public expenditure and address medium-term financial pressures, signaling a shift toward budgetary restraint.
Read MoreThe White House has launched the Trump Account, allowing parents to open tax-advantaged stock investment accounts for minors under 18. Critics argue the program may exclude low-income families and raise questions about its practical implementation.
Read MoreMorgan Stanley's chief U.S. equity strategist Mike Wilson warns of a potential 30%-40% near-term pullback in overheated chip stocks, despite their AI leadership. However, he sees this as a sector rotation, not a bull market end, and reaffirms his year-end S&P 500 target of 8000, driven by corporate earnings growth.
Read MoreBoE Governor Andrew Bailey welcomed an AI firm's restored platform access, highlighting the UK's collaborative approach to AI and cyber risk management. He contrasted this with the ECB's directive stance, emphasizing partnership over command in engaging with banks.
Read MoreBrazil's antitrust regulator has approved the collaboration between OpenAI and Amazon. This decision clears regulatory hurdles for deeper integration in AI and cloud services, potentially reshaping the global AI infrastructure landscape and marking a significant step in the commercialization of advanced AI technologies.
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