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The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to … <a href="https://beincrypto.com/sec-delays-crypto-etfs-decision/">Continued</a>
Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
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MoreOn Thursday (July 2), the US stock market storage chip and hardware supply chain index plummeted by 10.32% to 218.59 points, with a cumulative decline of 11.21% this week.
On Thursday (July 2), the US stock market Artificial Intelligence (AI) Winners Index fell by 5.63% to 405.59 points, with a cumulative decline of 4.17% this week.