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7/22
19:58
Svmuu News: According to data from MSX.COM, Tesla (TSLA.O) saw its after-hours losses in U.S. trading widen to 5% at one point, though the decline has since narrowed to 4%, after Musk stated that expanding production capacity for the Optimus robot would be challenging.
19:57
Svmuu News Tesla Second-quarter revenue was $28.24 billion, up 26% year-over-year; estimates were $26.32 billion. Second-quarter adjusted earnings per share were $0.33, compared to estimates of $0.51;Q2 earnings per share were $0.32, compared to $0.33 in the same period last year; Q2 free cash flow was negative $1.09 billion, compared to an estimated negative $3.64 billion; Q2 automotive segment revenue was $20.52 billion, compared to an estimate of $18.68 billion.
19:56
Svmuu News: According to data from MSX.COM, GOOGL’s stock price fell more than 3% in after-hours trading. Although its second-quarter 2026 earnings report showed revenue of $119.8 billion (up 24% year-over-year), the company’s upward revision of its full-year capital expenditure guidance and its indication that it will continue to significantly increase investment in AI infrastructure have sparked market concerns about “cash burn” and return on investment.
19:55
Svmuu News: Alphabet reported second-quarter revenue of $119.8 billion, up 24% year-over-year; estimates were $117.02 billion. Second-quarter operating profit was $40.77 billion, compared to estimates of $40.55 billion;Second-quarter capital expenditures totaled $44.92 billion, compared to an estimated $44.15 billion; second-quarter Google cloud revenue was $24.77 billion, compared to an estimated $22.46 billion; second-quarter Google service revenue was $94.54 billion, compared to an estimated $94.32 billion.
19:42
Svmuu News: Robinhood Launchpad Noxa posted on X stating that Noxa has never been “acquired” or “transferred,” and is not affiliated with any “new Launchpad” or token using the same name.
19:41
Svmuu News: Enterprise software company ServiceNow reported its earnings, with subscription revenue rising 25% year-over-year to $3.9 billion, exceeding TD Cowen’s forecast of approximately $3.8 billion. Current remaining performance obligations reached $13.2 billion, higher than TD Cowen’s forecast of $13.0 billion.
ServiceNow raised its full-year subscription revenue guidance to $15.76 billion to $15.78 billion, with the upper end of the range aligning with TD Cowen’s forecast. Its stock price has fallen 50% over the past year, as the market focuses on the potential impact of generative AI as a substitute for certain enterprise software services.
On Wednesday morning, OpenAI launched Presence, a tool that helps enterprises set up and run AI agents to automate tasks such as customer service, sales, and employee IT service requests. ServiceNow is integrating AI into its existing products and launching new AI-driven offerings.
ServiceNow reported that its AI business generated over $1 billion in annual contract value (ACV) in the second quarter, and the number of customers with AI agents deployed in production has increased ninefold over the past nine months. The company also signed 123 net new deals with an ACV exceeding $1 million, representing a year-over-year increase of nearly 40%.
19:41
Svmuu News: On July 21, Alibaba’s Qwen team released Qwen Image 3.0. The model supports command inputs of up to 4,500 tokens—4.5 times the capacity of the previous generation—and can generate complex layouts such as newspapers, storyboards, and dense infographic grids in a single pass.
The Qwen team stated that Qwen Image 3.0 supports precise rendering of text as small as 10px, can depict details such as pores and individual strands of hair, and supports LaTeX equations and native rendering in 12 languages. It can also simulate mainstream interfaces such as web pages, games, and live streams.
Qwen Image 3.0 is now available for trial via the API at chat.qwen.ai; API pricing has not yet been announced. Model weights, benchmark tables, or technical reports were not released alongside this announcement.
19:41
Svmuu News: On Wednesday, OpenAI announced plans to build Project Camellia in Effingham County, Georgia. The project is a data center campus valued at at least $20 billion, spanning 1,400 acres and requiring 3.2 gigawatts of power.
OpenAI stated that it has met with state and local officials, community leaders, schools, and other stakeholders to gather feedback and will hold public open houses. The company noted that the project is still in the early stages of development, and significant work remains on infrastructure, phasing, design, financing, and operational models.
Effingham County Commissioner Jamie DeLoach stated that the project has low water consumption, will not increase energy costs for county residents, will generate new tax revenue to support schools, and will create new opportunities for local businesses. OpenAI has signed a contract with Georgia Power to supply power to the campus in phases between 2028 and 2032.
OpenAI stated that it will provide $80 million in community benefits over the project’s lifespan and offer up to $71 million in Codex credits to eligible students at Georgia universities, community colleges, and technical schools. Once fully completed, the project is expected to create thousands of construction jobs and more than 1,000 operational positions.
19:40
Svmuu News: The total value of RWA tokenized assets in circulation this week stands at $34.67 billion, down from the peak of $35.2 billion reached on July 10, 2026.Tokenized U.S. Treasury bonds remain the largest category, with a distributed value of $15.86 billion, a 2.23% increase over the past 30 days, and an average 7-day yield of 3.30%.
CircleUSYC leads the tokenized U.S. Treasury category with $2.96 billion, followed by BlackRock’s BUIDL at $2.52 billion and Ondo’s USDY at $2.16 billion.By network, Ethereum hosts $7.1 billion in tokenized Treasury bonds, BNB Chain hosts $4.7 billion, and Stellar hosts $1.2 billion.
The 30-day distributed value of tokenized stocks and ETFs increased by 15.10% to $1.86 billion, while the number of holders rose by 75.71% to 671,490.The distributed value of tokenized commodities stood at $4.48 billion, down 3.88% over the past 30 days; the distributed value of tokenized real estate was $202.63 million.
The distributed value of tokenized credit stood at $6.93 billion, up 2.87% over the past 30 days, representing a total value of $35.75 billion.Figure’s HELOC Token, built on Provenance, represents a value of $20.1 billion, ranking first in the entire RWA market; Bridgetower’s DOM X Arizona Copper-Gold Project ranks second with a value of $11.06 billion.
19:39
Svmuu News: BitcoinTreasuries.NET posted on X that the $16.3 billion Louisiana State Employees’ Retirement Fund has increased its holding in Bitcoin’s Strategy MSTR to 21,300 shares, valued at $2.13 million.Government employees are gaining exposure to BTC.
19:37
Svmuu News: Google recently launched three faster, lower-cost AI models, but its next-generation cutting-edge model, Gemini 3.5 Pro, has yet to be released. Meta’s Chief AI Officer, Alexandr Wang, posted on X regarding the fact that Meta’s Spark model outperformed the models Google released this week, writing, “Gemini who?”
OpenAI engineer Thibault Sottiaux also responded on X to a post by Google employee Logan Kilpatrick regarding the start of pre-training for Gemini 4, saying, “Hopefully it will be completed someday.” Google has not commented on the matter.
Raymond James analyst Josh Beck said the delay of Gemini 3.5 Pro has shifted public perception from Google being a leader to a laggard. Anshel Sag, an analyst at Moor Insights & Strategy, said it was “a bit strange” for Google to promote Gemini 4 before delivering Gemini 3.5 Pro.
19:37
Svmuu News: Michael Kratsios, Director of the White House Office of Science and Technology Policy, stated on Wednesday on X that Moonshot AI used Anthropic’s Fable distillation to develop the K3 model. He stated that Moonshot AI has built an internal platform to perform large-scale distillation of U.S. models and switches between various access methods to evade detection.
Kratsios stated that legitimate AI distillation—used to create smaller, more efficient models—plays a role in an open innovation ecosystem, but large-scale, covert industrial distillation aimed at stealing U.S. proprietary technology and undermining U.S. research is unacceptable.
U.S. Treasury Secretary Scott Bessent previously stated that if it is proven that Chinese companies’ models were trained through improper distillation, the U.S. government may impose sanctions on the relevant companies. In February, Anthropic publicly accused three companies, including Moonshot AI, of using distillation attacks that violated its terms of service.
19:08
Svmuu News: On Wednesday, Senate Republicans released a 616-page draft of the revised “Clarity Act,” a cryptocurrency regulatory bill, marking a key legislative development in Congress’s efforts to comprehensively regulate the digital asset industry.The crypto industry has generally welcomed the draft, noting that it retains protections for software developers and is expected to provide long-overdue regulatory clarity for the U.S. digital asset market.
Ji Hun Kim, CEO of the Crypto Council for Innovation, stated that bipartisan support is “crucial” for the bill’s passage.Miller Whitehouse-Levine, CEO of the Solana Policy Institute, called on Congress to seize the opportunity, while Brian Armstrong, CEO of Coinbase, noted that the lack of a federal regulatory framework had allowed bad actors like FTX to harm consumers and forced a significant portion of the crypto business overseas.
However, several Senate Democrats quickly voiced opposition, arguing that the ethical provisions regarding conflicts of interest involving crypto assets—Donald Trump—in the revised text were too weak. Senator Angela Alsobrooks stated that the text currently proposed by Republicans still “does not go far enough,” and that provisions related to the ethics of elected officials, consumer protection, illicit finance, conflicts of interest, and market integrity all need to be strengthened.
19:05
Svmuu News: Mizuho analysts stated that if the U.S. cryptocurrency market framework bill, the “Clarity Act,” is passed, while it may be generally beneficial for the digital asset industry, the long-term impact on Circle could be somewhat negative.The reasoning is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating the commoditization of stablecoins and eroding the revenue potential of USDC, which is operated by Circle.
Mizuho believes that Circle’s primary source of pressure recently has come from Open USD. This stablecoin project is backed by a consortium of more than 140 financial, technology, and crypto companies, including Visa, Mastercard, Stripe, BlackRock, and Coinbase.Unlike Circle’s model, which retains approximately 38% of USDC reserve earnings, Open USD employs a “pass-through” model, distributing nearly all reserve earnings to distributors while retaining only a small management fee.
Analysts also noted that Coinbase, as the largest distributor of USDC and a supporter of Open USD, may gain stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be renegotiated as early as next month.
19:04
Svmuu News: Benchmark Equity Research raised its price target for Hut 8 from $165 to $195 on Wednesday, citing the full commercialization of the company’s Beacon Point AI data center campus in Texas.
This is the second time this month that Benchmark has raised its price target for Hut 8.Last week, analyst Mark Palmer had already factored in the first phase of the Beacon Point project into his valuation, raising the target price from $85 to $165. The new target price implies an upside of approximately 75% compared to Hut 8’s stock price of about $111 on Wednesday.
Hut 8 has currently secured contracts for 949 megawatts of AI data center capacity, indicating that its business is shifting further away from traditional “Bitcoin” mining toward AI infrastructure and a power-driven data center model.Benchmark believes the company is evolving into a “power-first data center REIT”—an infrastructure platform centered on power resources and data center assets.
Hut 8’s stock price rose about 2% on Wednesday, with a year-to-date gain of nearly 120%. As demand for AI computing power continues to grow, the market is reassessing the value of the large-scale power and data center resources held by “Bitcoin” mining companies.
18:59
Svmuu News: The U.S. SEC reached a settlement with Coinbase on Wednesday, ending a years-long legal dispute between the two parties over the handling of record requests during the Gensler era.
According to court documents, the SEC agreed to pay History Associates $150,000 in attorney’s fees and to release two documents that had previously been withheld. In addition, the SEC will review its records management system and the way it preserves communications, such as text messages.
The case originated in 2024 when Coinbase, through the consulting firm History Associates, filed separate lawsuits against the SEC and the FDIC, alleging that the two regulatory agencies had failed to comply with Freedom of Information Act (FOIA) requests. Coinbase stated that these record requests pertained to whether the regulators were attempting to sever the crypto industry’s ties to the banking system.
Coinbase Chief Legal Officer Paul Grewal stated in a Wall Street Journal op-ed that former SEC Chair Gary Gensler had launched a “litigation campaign” against the crypto industry. During Gensler’s tenure, the SEC sued Coinbase and several crypto companies, accusing them of failing to comply with federal securities registration requirements.
Grewal noted that this settlement has long-term implications, as the FDIC and the SEC are rewriting disclosure and record-keeping practices, which are expected to enhance regulatory transparency and limit the regulators’ ability to excessively expand their authority behind closed doors in the future.
18:45
Svmuu News: According to Politico, the U.S. House of Representatives passed a bill on Wednesday aimed at restricting members of Congress and their family members from buying and selling stocks; however, divisions have emerged within the Democratic Party, as some Democrats believe the bill does not go far enough. The bill, titled the “Stop Insider Trading Act,” is the first congressional stock trading ban to be voted on in a full House session. It ultimately passed by a vote of 232 to 198, with 13 Democratic lawmakers voting in favor. Of the 93 lawmakers who co-sponsored the bill, only two were Democrats. Another bill with stricter provisions—requiring lawmakers and their family members to sell any stocks they currently hold personally—failed to reach a vote on the House floor, despite garnering broader bipartisan support. Most Democrats believe the measure that passed does not go far enough, as it does not include provisions mandating the sale of existing stock holdings. The bill will now be sent to the Senate for consideration. (Jin Shi)
16:52
Svmuu News: According to documents filed with the U.S. Federal Election Commission (FEC) by Protect Progress PAC, an affiliate of the cryptocurrency-related political action committee Fairshake, as of Tuesday, it had spent more than $986,000 to support incumbent Democratic Rep. Shri Thanedar in Michigan’s 13th Congressional District and oppose challenger Donavan McKinney.
These expenditures occurred two weeks before the August 4 Democratic primary, which will determine the candidate for the November general election. In 2024, Protect Progress PAC spent approximately $1 million to support Thanedar, who received 54.9% of the vote in the Democratic primary that year and 68.6% in the November general election.
Fairshake and its affiliated organizations reported having $191 million in reserves to influence key elections. Other political action committees linked to the crypto industry include the Fellowship, backed by Cantor Fitzgerald and Anchorage Digital, and the Blockchain Leadership Fund, supported by Anchorage and Chainlink Labs.
The Protect Progress PAC also spent over $100,000 to support Arizona Representative Greg Stanton’s re-election bid. The Defend American Jobs PAC spent over $65,000 to support Republican candidate Amanda McKinney in Washington’s 4th Congressional District.
16:42
Svmuu News: Tesla Bitcoin has kept its Bitcoin holdings steady at 11,509 BTC, continuing a nearly four-year period without buying or selling the cryptocurrency, and has recognized a post-tax impairment loss of $112 million on its digital asset holdings.
BitcoinIn the second quarter, the price fell 14% from approximately $83,000 to $58,000, before rebounding to about $65,840.Tesla’s second-quarter revenue was $28.2 billion, exceeding expectations; adjusted earnings per share were $0.33, falling short of expectations.
14:51
Svmuu News: According to monitoring by on-chain investigator Specter, this incident is currently more likely to be an internal operation. The address responsible for transferring the tokens had been granted the necessary role since 2025, and that role was revoked only after the tokens were transferred.

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