Blockonomi

TLDR: The Clarity Act faces a Senate delay as Democrats demand stronger ethics restrictions covering presidential crypto profits and enforcement. Republicans need at least seven Democratic votes, making bipartisan support essential before the digital asset bill can reach the president. Critics say the draft may let Trump retain indirect crypto interests while his children conti...

TLDR: Federal Reserve rate hike odds climbed to 38% after Brent crude crossed $100, reversing the market’s earlier confidence in near-term rate cuts. Two-year Treasury yields reached 4.37%, while the ten-year yield approached 4.7%, increasing financing pressure across stocks, housing, and crypto. June CPI cooled to 3.5%, but May PCE inflation reached 4.1%, leaving policy...

Key Points Apple is requesting authorization to incorporate Chinese memory semiconductors into products distributed internationally, citing supply constraints and cost management Micron Technology, America’s sole major memory chip producer, is actively opposing this initiative through extensive lobbying efforts Memory semiconductor costs have surged fourfold in the last...

Key Takeaways Shares of CoreWeave (CRWV) plummeted 11.4% Friday, touching an intraday bottom of $71.67 from a previous closing price of $81.10 Jefferies and Citigroup both slashed their ratings from Buy to Hold midweek First-quarter revenue surged 111.6% year-over-year to $2.08 billion, though earnings per share of -$1.40 fell short of expectations by $0.23 Company insi...

Key Takeaways Financial Times reports Waymo is exploring options to terminate its Uber partnership Shares of Uber Technologies fell 4.3% during Friday’s trading session Disagreements between the companies include vehicle maintenance standards, navigation protocols, operational availability during inclement weather, and partnership economics Waymo has informed Uber of in...