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7/27
19:31
A federal judge has paused Minnesota's law criminalizing prediction markets, ruling that it would likely violate the federal Commodity Exchange Act. This decision comes after prediction market platforms Kalshi and Polymarket sought relief against the state's ban.
19:30
Gold held its gain after President Donald Trump stated that the U.S. and Iran are engaged in talks aimed at ending the war. This conflict has previously fueled inflationary concerns and increased the likelihood of higher interest rates.
19:00
FET (Artificial Superintelligence Alliance) has recorded trading volume of $1.43 million in the past hour, which is 10.2 times the 7-day average for the same time period; it is currently trading at $0.1424.
19:00
FIL (Filecoin) has recorded $2.4 million in trading volume over the past hour—28 times the average for the same time period over the past seven days—and is currently trading at $0.6931.
19:00
DOT (Polkadot) has recorded a trading volume of $1.67 million over the past hour, which is 15.8 times the 7-day average for the same time period; it is currently trading at $0.756.
18:24
Oil prices extended losses, and Asian equities are set for a mostly weaker open, following a selloff in chipmakers that dragged US stocks lower.
18:19
In an analysis on July 27, Bloomberg macro strategist Simon White noted that U.S. stock markets face the risk of a chain reaction of forced liquidations triggered by high leverage and long positions. Although expectations of a Federal Reserve rate hike continue to exert pressure (interest rate futures indicate a probability of about 30% to 35%), speculators’ net long positions in U.S. stock indices have risen rather than fallen, and the sensitivity of hedge fund positions to S&P 500 returns even hit a five-year high at one point. At the same time, the amount of equity leverage provided by banks to the market is approaching historic peaks. White warned that against a backdrop of tightening liquidity and rising interest rates, a single risk trigger in the market could spark a VaR shock, forcing banks and leveraged funds to rapidly liquidate their risk positions. He viewed SpaceX’s stock price falling below its IPO price as a microcosm of the market’s reassessment of highly valued tech assets.
18:06
The National Football League (NFL) has urged the Commodity Futures Trading Commission (CFTC) to strengthen its oversight of sports prediction markets, including implementing age restrictions. This call comes in response to the CFTC's recent draft rulemaking on the matter.
17:52
Citadel Securities expects the Federal Reserve to raise interest rates this week. This would be a surprise move, which Citadel Securities believes would strengthen Chairman Kevin Warsh’s credibility in the battle against inflation.
17:23
The United States has paused its war with Iran. This decision follows reports that the US has fired thousands of hard-to-replace missiles during the conflict.
17:16
The United States and Iran have maintained a ceasefire for a third consecutive day. Mediators from Qatar and Pakistan are actively working to restart ceasefire talks amidst this fragile pause in hostilities.
17:13
US President Donald Trump stated that war talks with Iran are taking place during a lull in strikes, adding there is a good chance something could happen. Iran, however, denies that direct talks are occurring.
17:09
Chip stocks declined on Monday, with Nvidia shares falling, ahead of a significant week for tech earnings. The Nasdaq composite index dropped 0.2%, while the Dow industrials index gained 0.5%.
17:08
Microsoft The head of AI warned that the OpenAI hack serves as a “wake-up call” for the cybersecurity sector. He said that, faced with a barrage of automated attacks, Microsoft had “no choice” but to develop AI-based defenses.
17:07
The U.S. Securities and Exchange Commission (SEC) released a report to Congress today highlighting the policy recommendations made at the SEC’s 45th Annual Government-Business Forum on Small Business Capital Formation. The report summarizes the forum’s discussions and aims to improve small business financing policies.
16:56
Coinbase CEO Brian Armstrong has urged lawmakers to vote on the "Clarity" bill, emphasizing that the crypto industry needs regulatory clarity without further delays. Armstrong highlighted that the bill has strong bipartisan support, includes robust consumer protections, and provides law enforcement with tools to address illicit activities.
16:32
New York Attorney General Letitia James has urged Congress to tighten a proposed crypto bill, warning that the "Clarity Act" as currently drafted could dilute states' ability to police the industry and pursue fraud.
16:31
U.S. stocks showed mixed performance, as a pause in tit-for-tat strikes in Iran provided some relief to markets. However, this positive sentiment was offset by lingering doubts regarding the artificial intelligence boom and the valuations of chip stocks.
15:57
Bitcoin has held near $65,000, showing resilience even as Nvidia and other AI-related stocks experienced a sharp sell-off. Analysts suggest that the upcoming Federal Reserve decision this week could be a critical factor in determining whether Bitcoin breaks higher or revisits its June lows.
15:36
Donald Trump stated that "very friendly talks" are currently ongoing with Iran.

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