Crypto Mixed Post Trump-Putin Call; Trump Eyes HIV Program Cuts, Gilead Dips; Nvidia's AI Lead Secure Through 2028, Says JPMorgan – Top Headlines While The U.S. Slept
CryptoTrump’s Crypto Czar explains he 'divested' rather than 'dumped' his Bitcoin and Ethereum. Cathie Wood predicts 'fearsome declines' for most memecoins, but sees potential as collector's items. Justin Sun expresses readiness to buy and collaborate in Solana integration, leading to a 10% rally for Tron. Bitcoin and Ethereum remain stable, while Dogecoin falls following a Trump-Putin call with potential for BTC reaching $111,000. BlackRock's Head of Digital Assets sees a recession as a significant catalyst for Bitcoin.
Cryptocurrency News
Crypto Trump’s Crypto Czar clarifies his position on Bitcoin and Ethereum, stating that he 'divested' rather than 'dumped' his holdings. Meanwhile, Cathie Wood predicts significant declines for most memecoins but suggests they could become collector's items. Justin Sun expresses readiness to collaborate in Solana integration, leading to a 10% rally in Tron. Bitcoin and Ethereum remain steady, while Dogecoin falls following a Trump-Putin call. Analysts speculate on the possibility of Bitcoin reaching a new high of $111,000.
US Market Updates
US stocks are expected to open higher ahead of the FOMC decision, with tariffs continuing to drive market forces amidst economic uncertainty. The Nasdaq sees a decline of 300 points driven by losses in Nvidia and Palantir, keeping the Greed Index in the 'Extreme Fear' zone.
US Politics and Economy
Anthony Scaramucci comments on the involvement of 'smarter' individuals in crypto regulation within the Trump administration. Bill Gates warns about global health funding gaps amid USAID cuts. The Trump administration considers cuts to domestic HIV prevention programs, impacting Gilead stock. Larry Summers discusses the Federal Reserve's challenges amid stagflation concerns and tariff impact on the economy.
World Economy and Technology
Global markets show mixed performance in Asia and Europe, with gold holding near a record high due to safe-haven demand. The Federal Reserve and Japan's rate policies face scrutiny amidst inflation and tariff worries. In the tech industry, Nvidia faces a plunge in valuation, while Qualcomm ventures into handheld gaming. Nvidia introduces new AI and robotics tools, partners with key players, and experiences market fluctuations. Microsoft, Apple, and Samsung also make significant announcements in the tech space.
Stock Market and Investment
Investors debate on high-stakes tech investments, while companies like Nvidia and Oracle secure deals and partnerships in the AI and cloud sectors. Micron collaborates with Nvidia to enhance AI server performance. Tencent reports strong earnings driven by games and AI. Electric vehicle news includes updates on BYD's Mexico plant and Tesla facing challenges and approvals for its products. General Mills, FuboTV, and Siemens make strategic moves in consumer goods, communication, and industrial sectors. Healthcare companies like Purdue Pharma and Telomir Pharmaceuticals announce transformative plans. Spectral AI and General Coffee Meets Bagel also make headlines in the AI and consumer sectors.
Space, Energy, and Environment
Astronauts return to Earth, mining companies engage in acquisitions, and energy firms like Calibre Mining make significant business decisions. These developments shape the landscape of space exploration, energy production, and environmental sustainability.