Sales at retailers rose in June as Americans bought more new cars and spent more online during Amazon’s annual summer sales event, signaling steady growth in the U.S. economy.
“For really everyone other than AI providers, the process is broken.”
GE Aerospace’s stock falls after earnings, again, with recently rapid order-book growth slowing.
Gas prices could return to $4 soon, and the IRS is going to let some drivers write off more of their fuel expenses.
OpenAI is going down, and taking investors and an entire industry with it, argues artificial-intelligence critic Ed Zitron.
Veteran venture capitalist Tim Draper weighs in on the AI bubble and four huge opportunities he missed.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-experienced-traders-prefer-to-trade-on-desktop-computers-a-new-study-reveals3.jpg" alt="Alpaca raises $135M to fund tokenized agent-first infrastructure" class="type:primaryImage"></p><p>The BNP-backed brokerage infrastructure provider is expanding into tokenized markets and AI-native financial services as both DeFi and TradFi companies pursue onchain business.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-mag-new-ath-for-onchain-gagchas-tokenized-collectibles.jpg" alt="Gambling on random Pokémon cards: Onchain gagcha hits record high as crypto sinks" class="type:primaryImage"></p><p>Users spent a record $324 million on onchain gacha in June, even as Bitcoin hit a 21-month low. The thrill of scoring a top Pokemon card from a random pack is becoming big business</p>
Constraints on Russia’s refining system have added to the existing crisis, strategists at J.P. Morgan said.
Wall Street is terrified of a trillion-dollar AI bill — but the payoff is in sight.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-when-will-the-prediction-market-take-place-and-what-effect-is-it-having-on-crypto.png" alt="Prediction markets defy crypto downturn with record Q2 volume: CoinGecko" class="type:primaryImage"></p><p>Prediction markets reached a record $113.8 billion in notional volume in Q2 as spot CEX trading, derivatives volume and stablecoin market cap declined.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/digital-wallet-moonpay.jpg" alt="MoonPay buys Glide to bolster crypto deposits infrastructure" class="type:primaryImage"></p><p>MoonPay acquired Glide, a crypto infrastructure startup founded by former Robinhood Wallet engineers, to expand cross-chain crypto deposit infrastructure.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-how-ondo-finance-plans-to-bring-tokenized-us-stocks-to-solana-1.jpg" alt="Tokenized stocks market cap gains to record $2.3B" class="type:primaryImage"></p><p>The market capitalization of tokenized stocks rose to a record $2.3 billion, as investors sought exposure to the growing list of tokenized equity products launched by cryptocurrency exchanges.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/interrogation-lamp-stablecoin-1.jpg" alt="FATF urges faster crypto AML enforcement as stablecoin crime increases" class="type:primaryImage"></p><p>The global task force said criminal networks are using stablecoins and developing proprietary tokens to evade asset freezes as countries struggle to enforce crypto AML rules.</p>
ARK Invest’s director of research disputed a16z crypto’s thesis that traditional finance will adopt permissioned blockchain infrastructure instead of decentralized finance, saying institutions will increasingly rely on DeFi rails.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-could-those-who-left-visa-come-back-ai.jpg" alt="Autonomous AI agent economy faces infrastructure gaps: Visa, Artemis" class="type:primaryImage"></p><p>Visa and Artemis found that infrastructure bottlenecks are preventing broader commercial adoption of the autonomous AI agent economy.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/sbf-sam-bankman-fried-portrait-1.jpg" alt="US Senate unanimously adopts resolution opposing clemency for SBF" class="type:primaryImage"></p><p>The Senate approved a resolution opposing clemency for former FTX CEO Sam Bankman-Fried as prediction markets put the odds of a Trump pardon by July 31 below 1%.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-tether-development.jpg" alt="Tether invests $20M into Argentine neobank Ualá" class="type:primaryImage"></p><p>Tether reportedly invested $20 million into Ualá, as part of the Argentine neobank’s $197 million funding round announced earlier in March.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-what-is-base-coinbase-l2-network-1.jpg" alt="Base’s social bet left it trailing in prediction markets and perps: Pollak" class="type:primaryImage"></p><p>Base creator Jesse Pollak is stepping back from leadership of the Base App after admitting he was “definitively wrong” to bet on social experiences driving crypto adoption. </p>
Exposure to the artificial-intelligence boom has become virtually impossible for investors to avoid. The theme hasn’t just cornered the stock market. It has systematically swallowed up corporate credit and venture capital, too.