The richest 20% are buying most of the new cars sold in the U.S.
The AIfueled bull market in stocks has shifted U.S. car sales into a higher gear — and the richest Americans are doing most of the buying. Source：MarketWatch
Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record
Bitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap.…
Bessent defends Warsh, saying markets are going through ‘detox’ from too much Fed guidance
The Treasury secretary questioned the need for an interestrate hike. Source：MarketWatch
Bitdeer expands AI infrastructure with long-term $4.7B data center lease
A 16year agreement secures 121 megawatts of AI computing capacity in Norway, highlighting how crypto mining companies continue to pursue new revenue streams…
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
Payments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface. Source：CoinDesk
Stocks could soar in August. Here are six potential drivers.
Tom Lee, head of research at Fundstrat, outlined the reasons he thinks stocks could reach a new high this month. Source：MarketWatch
Palantir is leaving its software peers behind in the AI race
The company’s focus on sovereign AI is resonating with customers, analysts say. Source：MarketWatch
Job openings fell to a 3-month low. Is the labor market losing momentum?
After a burst of new job openings and hiring in the spring, the U.S. labor market appears to have lost some momentum. Source：MarketWatch
Bitcoin’s $63,000 zone emerges as key battleground for buyers: Glassnode
Retail investors and large whales are buying as bitcoin trades near its 200week moving average. Source：CoinDesk
At least 15 attackers exploited Coldcard vulnerability: Galaxy
Galaxy said that at least 15 different attackers have exploited the Coldcard vulnerability, which may have been avoided with just $2 worth of AI hardening,…
Polymarket targets $20 billion valuation as competition heats up in prediction market sector
The blockchainbased prediction markets platform is reportedly returning to investors months after a $15 billion funding round. Source：CoinDesk
Intesa Sanpaolo slashed IBIT stake by 94% in 2Q, tripled ether ETF holding as crypto prices slumped
The Italian bank tripled its holding of iShares Staked Ethereum Trust ETF stake as total bitcoin ETF holdings fell 35% to $69.3 million. Source：CoinDesk