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🇺🇸 TODAY: The CFTC has sued Minnesota after the state passed the first outright ban on prediction markets in the US, set to take effect on August 1.
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⚡️ JENSEN HUANG: “Everybody will have to use AI because if you don’t use AI, you’re gonna lose your job to somebody who does.”
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🚨 TODAY: Elon Musk says he will file an appeal with the Ninth Circuit after a court dismissed his case against OpenAI.
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🇨🇳 NOW: Chinese holdings of US Treasuries have dropped to their lowest level since the 2008 Global Financial Crisis.
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🔥 WILD: Bitdeer mined and sold another 198 $BTC this week.
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🇺🇸 🇨🇳 NOW: President Trump is meeting Chinese President Xi jinping.
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🇺🇸 UPDATE: A federal appeals court temporarily paused a ruling that declared President Trump’s new global tariffs unlawful, allowing the tariffs to remain in effect for now, according to Bloomberg.
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🇺🇸 JUST IN: Cynthia Lummis said the CLARITY Act includes protections for software developers while giving law enforcement stronger tools for digital asset enforcement.
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🇺🇸 UPDATE: Banking groups are pushing last-minute changes to a stablecoin yield compromise as the Senate takes up a landmark digital asset bill, per Bloomberg.
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🔥 SAYLOR: "Back to work."
Saylor is about to be very busy.
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🔥 JUST IN: The S&P 500 has recorded gains for 6 straight weeks, its longest winning streak since 2024.
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🚨 INSIGHT: Michael Burry warned that today’s AI-driven stock market rally feels like the final months of the 1999-2000 dot-com bubble.
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🇺🇲 BIG: "USD1 launched less than a year ago and already hit $4.5B in circulation, making it the fastest-growing stablecoin ever." - Zach Witkoff
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🇺🇸 BIG: White House crypto advisor Patrick Witt is targeting July 4 to pass the CLARITY Act.
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🚨 MUSK: "xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX."
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🚨 INSIGHT: Citi says a 1970s-style oil shock would likely require the Strait of Hormuz to remain closed into early 2027.
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🚨 JUST IN: Meta plans to cut 20% of its global workforce and shift 7,000 employees to AI initiatives as part of a major restructuring set for May 20, per Reuters.
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🚨 JUST IN: Elon Musk has reportedly lost his lawsuit against OpenAI and CEO Sam Altman after a jury found them not liable.
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🇯🇵 BIG: Japan’s biggest brokers are preparing to sell crypto investment funds.
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🚨 BIG: SpaceX is reportedly targeting a June 12 IPO debut on Nasdaq and could make its prospectus public as early as next Wednesday, per Reuters.
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🇺🇸 JUST IN: JPMorgan is launching a tokenized money market fund on Ethereum designed to meet stablecoin reserve requirements under the GENIUS Act.
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🇺🇸 JUST IN: President Trump called on Congress to permanently ban large Wall Street investment firms from buying single-family homes.
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🔥 JUST IN: Circle raises $222M from BlackRock and others in Arc token presale at a $3B valuation, per CNBC.
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🚨 TODAY: Digital Asset Holdings is reportedly raising new funding at a valuation of around $2 billion.
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🚨 JUST IN: Ethereum’s share of DeFi TVL has fallen from 63.5% to 54% this year, though it still leads the market with $45.4 billion locked.
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🚨 JUST IN: Australian police seized $4.1 million worth of Bitcoin tied to an alleged darknet marketplace involving drugs and weapons.
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🇯🇵 NOW: SoftBank is working with Nvidia and Foxconn to build domestically produced AI servers as part of Japan’s push into advanced infrastructure.
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⚡️ NEW: Zcash surges +75% in a week as demand for privacy-focused assets rises amid growing surveillance concerns, per Santiment.
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⚡ LATEST: AMD hits record highs on AI demand, adding billions in value and driving a global semiconductor rally.
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🇺🇲 CHANGE: Eric Trump says JPMorgan went from calling Bitcoin a joke to offering mortgages against it in just 18 months.
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