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7/22
20:09
Report: The Crypto Industry Is Expected to Contribute Over $55 Billion to the U.S. Economy by 2026
Svmuu News: According to a report by the National Cryptocurrency Association, the cryptocurrency industry is expected to contribute more than $55 billion to the U.S. economy by 2026 and support more than 266,000 direct and related jobs. (Cointelegraph)
20:05
Stripe generated $2 billion in revenue in the first quarter of 2026
Svmuu News: Payment platform Stripe saw its free cash flow grow by 52% in 2025, reaching $3.2 billion. Stripe generated $2 billion in revenue in the first quarter of 2026. (The Information)
20:04
Alphabet CEO: Market Demand for AI Infrastructure and Solutions Is Strong; Cloud Business Backlog Has Risen to $514 Billion
Svmuu News: On Wednesday after the market closed (Eastern Time), during Alphabet’s earnings call, CEO Sundar Pichai stated that market demand for AI infrastructure and AI solutions is extremely strong, and the company’s cloud business has seen its backlog of contracted but not yet recognized revenue grow to $514 billion. Nearly 90% of the Fortune 100 companies have implemented Gemini Enterprise. (Cailian Press)
20:03
Musk: Micron has supplied Tesla with a “large quantity” of memory chips
Svmuu News: Tesla CEO Elon Musk revealed that Micron (MU.O) recently supplied Tesla (TSLA.O) with a “large quantity” of memory chips, meeting the automaker’s demand for this increasingly scarce commodity.Musk stated that, given the scarcity and high prices of memory chips, the terms of the deal in which Micron supplied chips to Tesla were very reasonable. In the long term, Musk is committed to producing semiconductors in-house.The billionaire has launched an ambitious project called “Terafab,” aimed at producing computing and memory chips on an unprecedented scale. For now, Tesla still relies on Micron. Data shows that neither Tesla nor SpaceX ranks among Micron’s top ten customers. (Jin Shi)
20:02
South Korean stocks opened 2.4% higher, with SK Hynix up 4%
Svmuu News: According to data from MSX.COM, South Korea’s KOSPI index rose to 6,900 points, up 2.44% on the day, with SK Hynix up 4% and Samsung Electronics up 3.2%.
20:00
White House Cryptocurrency Advisor Calls Democrats’ Arguments Against the CLARITY Act’s Ethics Provisions “Unfounded”
Svmuu News: Patrick Witt, the White House’s cryptocurrency advisor, posted on X stating that Democratic opposition to the ethics provisions in the CLARITY Act appears to take two main forms: (1) If the ethics provisions cannot be enforced by state attorneys general, then they are meaningless;(2) If the ethics provisions do not hold President Donald Trump accountable for his prior involvement in the cryptocurrency industry, then these provisions are unacceptable.
Patrick Witt noted that if you support view (1), you are effectively arguing that all existing federal ethics laws are meaningless, since none of these laws can currently be enforced by state attorneys general.If you support view (2), then in reality no measure can meet your requirements, because the approach you advocate clearly violates the Constitution (see Article I, Section 9 of the U.S. Constitution).
19:59
Donald Trump: U.S. Federal Government Expected to "Shut Down" in September
Svmuu News: On July 22 local time, U.S. President Donald Trump, while delivering a speech in Georgia, mentioned that a federal government “shutdown” would occur in September due to disagreements between Republicans and Democrats over spending priorities.On July 21 local time, the Republican-controlled U.S. House of Representatives passed a short-term funding bill that will provide funding for federal agencies through December 4, thereby preventing a government “shutdown” due to the depletion of funds ahead of the November midterm elections.This temporary funding measure is also known as a “continuing resolution.”Once passed, the bill will be sent to the Senate for consideration. Currently, Senate Republican leaders are negotiating with Democrats and considering proposing their own short-term funding plan. If Congress fails to pass a funding bill in time, funding for most federal agencies and programs will expire at midnight on September 30, which marks the end of the current fiscal year. (CCTV)
19:58
Tesla U.S. stock losses widened to as much as 5% in after-hours trading
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
Tesla Revenue for the second quarter was $28.24 billion, a 26% increase year-over-year.
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
GOOGL shares fell more than 3% in after-hours trading as the company’s hint at increased AI investment sparked market concerns
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
Alphabet reported second-quarter revenue of $119.8 billion, a 24% increase from the same period last year.
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
Robinhood Launchpad's Noxa Denies Reports of an Acquisition or Transfer
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
ServiceNow's AI Business Exceeds $1 Billion in Annual Contract Value in the Second Quarter
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
Alibaba's Qwen team has released Qwen Image 3.0, which supports command inputs of up to 4,500 tokens.
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
OpenAI Plans to Build a Data Center Complex Worth at Least $20 Billion in Georgia
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
The total value of RWA-backed tokenized assets has fallen to $34.67 billion, with the Figure HELOC Token leading the pack at $20.1 billion
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
With $16.3 billion in assets, the Louisiana State Employees' Retirement Fund increased its stake in Strategy to $2.13 million
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
Google Delays Release of Gemini 3.5 Pro; Meta and OpenAI Employees Take to Social Media to Poke Fun at It
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
Director of the White House Office of Science and Technology Policy: Moonshot AI Distills Anthropic Fable to Develop Kimi K3
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
Democrats Oppose the New Clarity Act Due to Ethical Provisions, Saying Bipartisan Support Remains Key
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.

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