XRP Ledger fix amendment clears 80% vote, activation expected within days
The XRP Ledger’s batched fix update has passed its 80% vote requirement and is expected to activate within days, with...
Market news
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Crypto news
CLARITY draft would block dormant Bitcoin claims built on wallet inactivity alone
A provision in the July 22 CLARITY draft would stop self-custodied Bitcoin from being treated as abandoned property because a...
KULR and Smarter Web sold about 511 Bitcoin to retire roughly $31.7 million in debt
KULR Technology Group and The Smarter Web Company sold approximately 511 BTC and used the proceeds to retire approximately $31.7...
Commodities news
Brent Tops $100 as Houthi Tanker Strikes Leave a Second Oil Chokepoint Blocked
Brent crude topped $100 per barrel this week after Houthi strikes on two Saudi tankers left a second oil chokepoint...
Iraq weighs Syria pipeline to route crude around the Strait of Hormuz
Iraq is reportedly pursuing a pipeline through Syria that would carry its crude to the Mediterranean rather than out through...
Iranian agency reports oil tanker explosion after naval mine strike in Strait of Hormuz
An Iranian news agency linked to the country’s armed forces reports that an oil tanker exploded after hitting a naval...
Stock news
Piper Sandler names five software stocks positioned to cut enterprise AI token costs
Piper Sandler named five infrastructure software companies — Elastic, GitLab, MongoDB, Snowflake and Atlassian — as the main beneficiaries of...
IBM CEO puts a 2% figure on his software business’s AI replacement risk
IBM CEO Arvind Krishna told CNBC that only 2% of the company's software could be replaced by applications built by...
Morgan Stanley says semiconductors now make up about 18% of the S&P 500 and urges investors to broaden
Morgan Stanley Wealth Management’s July Global Investment Committee note argues the S&P 500 has grown lopsided: the 10 largest stocks...
World news
Iran signals it will hold fire while the US bombing pause lasts
Iran will stop its own attacks for as long as the United States keeps its bombing pause in place, a...
Iran takes US attacks on its Hormuz rescue vessels to the UN Security Council
Iran has condemned US attacks on two of its search-and-rescue vessels in the Strait of Hormuz as violations of humanitarian...
US Treasury lets Hong Kong sanctions emergency expire, delisting nine officials
The US Treasury let the national emergency behind its Hong Kong sanctions expire on July 17, removing nine officials from...
Forex news
Citi expects the Fed to hold rates in July and sees a weaker dollar
Citi expects the Federal Reserve to leave interest rates unchanged at its July meeting despite rising oil prices, and reads...
Trump signs 50% tariff on $20 billion of Canadian imports under 1930 trade law
President Trump signed three proclamations imposing a 50% tariff on roughly $20 billion of Canadian imports, from milk and beer...
Rising Treasury yields push Fed hike odds to 38% before Wednesday’s decision
Treasury yields have climbed back toward the highs of the last decade as traders position for a possible Federal Reserve...
Indices news
Barclays Says Big Tech Earnings and Central Bank Meetings Will Decide the Next Phase for Equities
Barclays expects Big Tech earnings and a series of central bank meetings to decide the next phase for equity markets....
US government holds $26.7 billion in corporate equity stakes with no central public record
The US government holds an estimated $26.7 billion in corporate equity stakes across approximately 30 deals, and no centralized system...
Investors question Big Tech’s AI spending as capex heads toward $725 billion
A Bank of America survey found a record net 35% of fund managers say companies are overinvesting in AI, up...
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