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7/29
11:43
U.S. Democratic Senators Elizabeth Warren and Adam Schiff have written to the U.S. Securities and Exchange Commission (SEC), urging it to investigate whether Donald Trump Trump Media & Technology Group (TMTG) has violated the law by selling fast-access services to posts by President Donald Trump on the Truth Social platform.The senators believe this move may constitute an abuse of the presidency, harm the interests of ordinary investors and undermine market integrity, and may involve insider trading and market manipulation.TMTG plans to launch this service, called “Truth API,” on August 1. The service will provide “real-time access to posts from the top-ranked Truth Social accounts,” with monthly fees reportedly as high as $100,000.Donald Trump The family is TMTG’s largest shareholder, and Donald Trump himself frequently posts policy statements or news updates on Truth Social that could influence global markets.
11:35
Shares of U.S. space exploration company SpaceX (SPCX) fell nearly 3% on Wednesday, having already dropped nearly 30% from its initial public offering (IPO) price of $150 last month and about 50% from its all-time high. The decline comes as the company approaches its second-quarter earnings report (August 4) and a stock vesting event (August 6), the latter of which will release up to 20% of the shares. Previously, SpaceX’s “Starship” spacecraft successfully deployed Starlink V3 satellites and performed a soft landing during its first test flight following the June IPO. CEO Musk stated that the company plans to attempt tower recovery of the “Starship” upper stage during its next flight in late August or September. Additionally, SpaceX is gradually shifting its focus to “Starship” and reducing its reliance on the “Falcon 9” rocket.
11:35
The U.S. Securities and Exchange Commission (SEC) and the U.S. Attorney’s Office for the Southern District of New York are investigating two insurance companies owned by Mark Walter, owner of the Los Angeles Dodgers— —Delaware Life Insurance Co. and Clear Spring Life and Annuity Co.—owned by Mark Walter, owner of the Los Angeles Dodgers. This follows allegations that the two companies provided $16 billion in loans to Walter or affiliates of his group, TWG Global, raising concerns about potential insurance fraud.
11:30
Freight audit firm Intelligent Audit has won the “AI Solution Provider” category at the FreightWaves Supply Chain AI Excellence Awards for its proprietary machine learning system, DeepDetectAI. The DeepDetectAI system is designed to identify and flag hidden freight errors and fraudulent activities by analyzing millions of shipping transaction records. By establishing a baseline for normal shipping activity, the system continuously monitors deviations from that baseline—such as cost variances, unusual service usage, and duplicate or fraudulent charges—enabling companies to intervene before potential financial losses occur. Intelligent Audit notes that many small discrepancies, if not detected in a timely manner, can accumulate into losses amounting to hundreds of thousands or even millions of dollars. For example, the system once helped a global eyewear giant identify and prevent an organized fraud scheme worth over $1 million.
11:28
Stablecoin infrastructure firm Brale has introduced ION Protocol, an interoperability solution designed to facilitate the movement of custom stablecoins across different blockchains. The protocol aims to overcome the current scaling limitations of bridge models, which require pre-funded liquidity pools on every supported chain, by adopting a burn-and-mint approach similar to Circle's CCTP. Brale CEO Ben Milne stated that the existing liquidity model is a major hurdle to scaling bespoke stablecoins, as the increasing number of issuers and blockchains makes it unsustainable.
11:27
Jim Leaviss, the former head of fixed income at M&G Investments and creator of the popular Bond Vigilantes blog, has died at 55.
11:22
British mining giant Anglo American is in talks to sell its 85% stake in the De Beers diamond business for approximately $1 billion. This valuation represents a decline of more than 90% from De Beers’ former valuation of over $18 billion.

According to Bloomberg, citing people familiar with the matter, the “Global Diamond Consortium” (GDC), led by former De Beers CEO Gareth Penny, has been identified as the preferred bidder. The sale comes as the global natural diamond industry is mired in a cyclical crisis, facing multiple pressures including declining luxury consumption, rising penetration of synthetic diamonds, and geopolitical tensions.
11:19
Artificial intelligence company Anthropic has quietly filed an S-1 form and plans to go public as early as October. The company’s most recent funding round valued it at $965 billion, while secondary market trading implies a valuation of approximately $1.2 trillion. Amazon As a major investor in Anthropic, Amazon has invested over $13 billion and holds a 15% to 20% stake in the company. Based on a $1.2 trillion valuation, the value of ’s stake is estimated to be between $180 billion and $240 billion. Amazon In the first quarter of 2026, the company realized $16.8 billion in pre-tax gains from its investment in Anthropic. In addition, the majority of the new funds raised by Anthropic following its successful IPO will be allocated, as per the contract, to cloud infrastructure and AI chips for Amazon (AWS).
11:18
24/7 Wall St. has reiterated a "Buy" rating on Nvidia, setting a price target of $262.81, which implies a 27% potential upside. This assessment is based on Nvidia's strong Q1 revenue of $81.6 billion, an 85% year-over-year increase, and robust Q2 guidance projecting $91 billion in revenue with a 75% gross margin. Furthermore, Nvidia's board authorized an additional $80 billion share buyback and increased the quarterly dividend to $0.25.
11:17
Wall Street analysts have lowered their second-quarter earnings forecasts for the cryptocurrency exchange Coinbase, citing a sharp decline in spot trading activity.Several institutions, including Barclays, Benchmark, Clear Street, and Compass Point, have all lowered their earnings forecasts for Coinbase. Among them, Barclays analysts expect Coinbase to report trading volume of approximately $152 billion for the quarter, below the market consensus of $178 billion.In the second quarter, Bitcoin fell by about 14% and Ethereum by about 25%, with retail participation remaining subdued. Analysts said that in addition to the earnings data, they will closely monitor Coinbase management’s comments on the outlook for the second half of the year, new business developments, and U.S. cryptocurrency regulatory legislation, such as the CLEAR Act.
11:17
Mitchell Amador, founder and CEO of blockchain security firm Immunefi, stated that so far in 2026, the crypto industry has lost approximately $972 million due to hacking attacks. He pointed out that most of the stolen assets were not lost through smart contract vulnerabilities, but rather through stolen keys, signer permissions, and issues with governance mechanisms. Amador emphasized that audits only verify the security of the code at a specific point in time and cannot guarantee security in the event of compromised key storage, signing permissions, or team members’ devices; therefore, “we have passed an audit” does not equate to “we are secure.” He believes that continuous, incentive-driven security reviews—such as bug bounty programs—are crucial for protecting code, and that this model of review must now be extended to the levels of keys, signers, and governance rules.
11:16
A team of HSBC strategists led by Max Kettner released a research report maintaining a “maximum overweight” rating on equities. The team noted that despite a 40% surge in oil prices this year, a sell-off in tech stocks, and tensions in the Middle East, global stock markets remain near historic highs, demonstrating resilience beyond expectations. HSBC believes that the market has already priced in most of the negative factors, and that continued better-than-expected corporate earnings and a future decline in U.S. Treasury yields will be the main catalysts driving further gains in the stock market.
10:53
Al Jazeera noted in a commentary that Saudi Arabia plays a key role in the issue of Palestinian statehood, and that its stance is crucial to the normalization of relations with Israel. The article analyzes that Saudi Arabia has long regarded the establishment of a Palestinian state as a central pillar of its national security policy and its political and religious legitimacy. Saudi Arabia adheres to the “two-state solution,” recognizing that the recognition of Israel and the establishment of a sovereign Palestinian state are parallel components of a single solution, neither of which can replace the other. As the largest economy in the Arab world, a member of the G20, and a major force in the Islamic world, Saudi Arabia’s decisions on the Palestinian issue will have far-reaching implications that extend beyond bilateral diplomacy.
10:52
A new court document reveals that attorneys for former FBI Director James Comey allege the U.S. Secret Service “deliberately conducted illegal electronic surveillance on Comey” at the request of a senior Justice Department official.The allegation stems from May 2025, shortly after former U.S. President Donald Trump claimed that Comey had threatened to “assassinate” him by posting a photo on Instagram showing the numbers “8647” arranged from seashells.Comey’s attorney stated that a senior official at the Secret Service had indicated that such warrantless surveillance was “legally questionable,” but that the agency “might still proceed with it.”
10:47
AI startup Encore AI announced the completion of a $30 million Series A funding round led by Team8. The company is dedicated to developing AI voice agents that analyze calls, messages, and CRM data between businesses and customers to identify effective sales and customer support strategies, which are then translated into “scripts” for AI agents to assist with or autonomously handle customer interactions. Encore AI plans to use the funds to expand its sales operations in the United States and deploy its platform to more large financial institutions.
10:47
Despite a downturn in semiconductor stocks like Sandisk, Micron, Nvidia, AMD, and Broadcom, the S&P 500 index is maintaining its strength, trading near record highs. Approximately 72% of S&P 500 stocks are now above their 200-day moving average, marking the strongest market breadth since December 2024.

Investors are reportedly rotating out of AI-related bets and into sectors such as software, financials, industrials, healthcare, and consumer discretionary. This shift, coupled with resilient economic data, expectations for Federal Reserve rate cuts, and robust corporate profit growth, has supported the broader market. Charles Schwab strategist Kevin Gordon noted that the market's current state is more rotational than correctional, and he does not interpret the chip sell-off as a negative economic signal.
10:46
Analysis indicates that Exxon Mobil (XOM) is among the top energy stocks held by former President Donald Trump, according to his financial disclosures earlier this year. The stock has seen approximately a 27% increase year-to-date. The analysis suggests Exxon Mobil benefits from rising oil prices amid the Iran conflict, with its upstream segment projected for a multi-billion dollar earnings lift in Q2. The company is also on pace to repurchase roughly $20 billion in stock this year and is expanding production in Guyana and the Permian Basin. Chevron (CVX) is another notable energy name in Trump's portfolio. However, the analysis also notes potential risks, including softened global oil demand forecasts from the IEA and OPEC, and the possibility of oil price premiums fading if a ceasefire occurs.
10:46
Shares of U.S. telecommunications giant Verizon rose after the company reported earnings that exceeded market expectations for profit, despite revenue falling short of forecasts. The company posted a five-year high in net postpaid mobile subscriber additions, its broadband business performed strongly, and both adjusted EBITDA and profit margins reached all-time highs. For the second consecutive quarter, management raised its full-year guidance, projecting EPS growth of 6–7% and free cash flow growth of 9–10%. However, analysts point out that Verizon’s total debt continues to climb, with net debt rising nearly 20% year-over-year, which is considered a major risk facing the company.
10:39
The Solana Policy Institute is urgently calling on U.S. Senate leaders to consider cryptocurrency legislation, emphasizing that the time for action has come, as Congress has very little time left.

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