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Share link:In this post: XRP can’t be officially and directly sold by institutions, but retail trading continues as usual. Lawyer Fred Rispoli says that the SEC and Ripple can settle on how XRP sales to institutions will be done in a way the SEC can live with. Ripple plans to further integrate XRP into institutional finance by buying Hidden Road for $1.25 billion.
Share link:In this post: Strategy is facing multiple lawsuits over $6B in unrealized Bitcoin losses and alleged investor deception. Executives are accused of insider trading before the public disclosure of accounting changes. Despite legal challenges, Strategy’s Bitcoin gains push its stock up 28% year-to-date.
Share link:In this post: Ethereum shows increased staking, whale buying, and locking tokens in DeFi protocols, leading to significant outflows of available ETH. Despite the scarcity and on-chain activity, ETH remains depressed under $2,500, still awaiting a breakout. ETH activity is picking up, with more bridged net inflows from other networks.
Share link:In this post: Bitcoin long-term holders added 800,000 BTC in a month, the highest accumulation rate ever recorded. The coins were bought between $95,000 and $107,000 and are now classified as long-term supply. ETFs pulled in $3.5 billion in inflows while megawhales sold slowly and dolphins absorbed supply.
Share link:In this post: Xiaomi reportedly received nearly 300,000 orders in one hour for its new YU7 electric SUV. Xiaomi touted its new YU7 electric SUV as a direct competitor to Tesla’s Model Y in China. Tesla is facing growing pressure as its sales in China drop 18%.
Share link:In this post: Nike shares rally 17% after beating subdued Q4 expectations. Pony.ai slides 4% amid Uber‐backed takeover talks while Uber’s own share dipped 3%. Crypto stocks dip while power generators climb on AI support news.
Share link:In this post: China is tying a tentative cognac minimum‐price deal to progress EU‐China electric vehicle tariff negotiations. If no agreement is reached by July 5, temporary anti‐dumping duties of up to 39% on European brandy could become permanent. EU tariffs of up to 45.3% on Chinese‐made EVs are being contested, with China using cognac as leverage to seek price‐commitment solutions.
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MoreAccording to documents submitted to the US Securities and Exchange Commission, Duke Energy Carolinas, a subsidiary of Duke Energy, reached a partial settlement agreement on July 2 regarding its rate case in North Carolina.
Investment bank Evercore ISI has adjusted its rating on biotechnology company Twist Bioscience Corp (TWST).