Situational Awareness vs. Long-Term Capital Management: A side-by-side comparison
There are more similarities between the two hedgefund blowups than one might expect. Source：MarketWatch
The S&P 500 is making a change by adding this little-known industrial stock
Ferguson Enterprises’ stock was rallying more than 8% after news the Newport News, Va., company will be joining the S&P 500 index, edging out betterknown names…
Bitcoin holds July gain as 'forced-selling fuel was already spent,' analysts say
The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom. Source：CoinDesk
Did China build a top-tier AI model by itself? A new report suggests Nvidia chips played a role.
Alibaba has an agreement for Moonshot to use its Nvidia H200s, according to Bloomberg — but the Chinese tech giant pushed back against the report.…
Bank of Italy finds no consistent cost advantage for stablecoin remittances
Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin…
Pump.fun laid off workers before they received millions in PUMP tokens: Report
Pump.fun cofounder Noah Tweedale reportedly attributed the layoffs to said the company growing too quickly. Source：Cointelegraph
Supply-chain legend Tim Cook finally meets his match with Apple’s memory crunch
Apple has found itself dealing with component shortages exacerbated by the AI boom, and the company is scrambling for solutions. Source：MarketWatch
AI stocks may have bottomed out. What investors should watch for next.
Microsoft earnings provided optimism for the AI trade, as did the trading activity surrounding a hedge fund’s fire sale. Source：MarketWatch
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter. Source：CoinDesk
The good and the bad of perps, according to crypto traders
Both retail and institutional traders worry about the funding rate. Source：CoinDesk
Warsh’s Fed is failing to stick to its own principles for good monetary policy
Bond investors don’t understand how Fed Chair Kevin Warsh’s pledge to restore stable prices squares with inaction on interest rates. Source：MarketWatch
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions…