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The Philadelphia Semiconductor Index (SOX) extended losses, falling 2.5%. Micron and Arm tumbled over 8%, Intel dropped 7%, and Marvell declined more than 5%, with Nvidia also edging lower. The broad-based sell-off highlights mounting pressure on the chip sector.
Read MoreNegotiations on the US Clarity Act continue during the Senate recess, focusing on reconciling committee versions and key provisions. If consensus is reached, a full Senate vote could occur by late July. Failure to pass before August recess significantly dims the bill's chances this year.
Read MoreThe U.S. Supreme Court has rejected former President Trump's attempt to remove Federal Reserve Governor Lisa Cook from her position. The ruling ensures Cook remains in her role, upholding stability within the Fed's leadership. This decision touches on legal boundaries of appointments and could influence monetary policy continuity, drawing close market attention.
Read MoreThe U.S. has partially lifted export restrictions on a frontier AI model from Anthropic, allowing controlled access to its cybersecurity model. This move signals a shift towards 'tiered release' regulation, balancing national security, data sovereignty, and global AI competition.
Read MoreThe US Supreme Court has declined to review the constitutionality of a now-defunct SEC policy that prohibited settling parties from publicly criticizing the agency's allegations. The decision, issued without comment, ends a legal challenge centered on free speech and regulatory power.
Read MoreNasdaq and the New York Stock Exchange will jointly ring the opening bell in the Oval Office for the first time, marking the launch of a new savings account program for minors. The initiative aims to encourage long-term family investments.
Read MoreBank of America Securities forecasts robust June job growth, citing stable unemployment claims and strong ADP data. However, it warns of potential pullback in leisure/hospitality hiring. An exceptionally strong report could solidify market expectations for future Fed rate hikes, offering crucial signals for 2026 policy direction.
Read MoreOn June 29, U.S. stocks opened higher with gains across the Dow, Nasdaq, and S&P 500. Storage stocks showed mixed performance, while Strategy surged over 4% following the announcement of a $1 billion share buyback program.
Read MoreMajor crypto holding companies MSTR and BitMine are facing massive paper losses exceeding $23 billion combined. While MSTR holds Bitcoin at a high cost basis, BitMine continues accumulating Ethereum despite deeper percentage drawdowns, raising concerns about financial resilience.
Read MoreMajor investors in UK digital bank Atom Bank are reportedly reconsidering the sale process, with a potential pause under discussion. This move highlights investor caution regarding fintech valuations in the current economic climate.
Read MoreUS IPO and follow-on equity issuance hit a record $251 billion in H1 2024, driven by massive deals from SpaceX and Alphabet. The surge surpasses 2021 levels, with upcoming tech IPOs and AI infrastructure funding pointing to sustained activity.
Read MoreBlackRock's Aladdin has partnered with Ethena to enhance institutional access to on-chain assets. A $100 million liquidity facility will improve the convertibility of BlackRock's tokenized dollar instrument, BUIDL, with major stablecoins like USDC.
Read MoreAI company 8090 has successfully closed a $135 million Series A funding round. The investment was led by Salesforce Ventures, highlighting strong market confidence in 8090's technological innovation and growth trajectory within the artificial intelligence sector.
Read MoreCrypto asset manager BitMine now holds over 5.7 million ETH, adding more than 27,000 in the past week. Its total crypto and cash holdings reached $9.8 billion, demonstrating significant conviction in the Ethereum ecosystem.
Read MoreCircle's USDC becomes the first stablecoin integrated into BNY Mellon's digital asset custody platform. This partnership enables BNY Mellon's institutional clients to hold, mint, and redeem USDC directly through their custody wallets, marking a significant step for institutional adoption of stablecoins within traditional financial infrastructure.
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