Bitcoin holds near $66,300 as chips extend their rally and the yen hits a 40-year low
Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986. Source:CoinDesk
Balance Coin crashes 99% after reported $915K exploit
Blockchain security firms linked the collapse to a suspected attack on 42DAO, the decentralized organization that governs the Balance Protocol ecosystem.…
OpenAI says AI models escaped containment to hack Hugging Face
OpenAI called it an “unprecedented cyber incident” after its AI models broke out of their sandbox to hack an AI startup during a security evaluation.…
Why energy stocks still look so cheap, even after their big rally this month
Energy stocks are having a big month as oil prices surge on Iran war fears — but it’s not solely the conflict in the Middle East that makes the sector appear…
Microsoft has 3 secret weapons that could drive its stock 50% higher, analyst says
Wall Street is misjudging Microsoft’s AI strategy, according to Morgan Stanley. Source:MarketWatch
Galaxy sets up $5 million fund to help shield Bitcoin against quantum computing threats
The crypto financial services firm is funding developers to strengthen the blockchain's security before quantum computers become powerful enough to steal…
These signs suggest investors should give the software sector a second chance
Software stocks and loans have started to find their footing in July, suggesting it may be time for investors to forgive and forget. Source:MarketWatch
Jamie Dimon says he wouldn’t buy Treasurys. ‘I don’t understand the upside.’
Jamie Dimon — long considered a potential candidate to be treasury secretary, and the person in charge of one of the nation’s primary dealers of Treasury…
Lumentum’s stock just got a lot more interesting — and Barclays has turned bullish
A Barclays analyst now recommends Lumentum’s stock after a period of substantial underperformance relative to the broader chip sector. Source:MarketWatch
SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme
The SEC alleges Mining Automatic and its founder raised $22 million from investors by promising guaranteed crypto mining returns while spending only a fraction…
Hut 8, IREN deals lift AI-focused Bitcoin mining stocks
Bitcoin miners rallied as investors cheered multibilliondollar AI infrastructure contracts, underscoring the sector’s accelerating shift toward data centers…
Iren’s stock surges as the neocloud lands $2.8 billion worth of new deals
The AI infrastructure provider is easing anxiety over high datacenter buildout costs as it secures new customers and prepayments for chips. Source:MarketWatch