🗞️Need to catch up on the news? Here's our top 10 from today:
🔸A key US House committee is preparing to drop crypto tax legislation as early as Friday, Bloomberg reports.
🔹Goldman Sachs forecasts SpaceX's AI revenue to surge 100-fold to $322 billion by 2030, with total company revenue expected to hit $474 billion, per FT.
🔸Claude maker Anthropic is calling for a global pause in AI development, warning that models are approaching the ability to self-improve without human intervention.
🔹JPMorgan, Citi, and major US banks plan to launch a tokenized deposit network next year to fend off growing competition from stablecoins and crypto firms.
🔸The Bank of Japan is expected to raise interest rates to 1% this month, barring major market disruption from the Middle East conflict, according to Reuters.
🔹The Crypto Fear & Greed Index has fallen to 12, signaling extreme fear across the market.
🔸Apple is preparing to launch a new Siri in September, reportedly with support from Google and Nvidia.
🔹Coinbase says the first Fannie Mae-backed U.S. mortgage using Bitcoin collateral has been issued.
🔸Jim Cramer says Saylor’s latest move is shaking crypto, and claims that $BTC
was only up because of him seem extreme.
🔹Arthur Hayes dumps his entire $HYPE and $NEAR positions, citing rising energy prices, upcoming AI mega IPOs, and expecting market highs to peak before September.