TikTok's US Future Takes Shape
The White House recently announced a significant deal for TikTok's US operations, ensuring majority control by American investors. President Donald Trump indicated that Lachlan and Rupert Murdoch, through Fox Corp., are likely participants in this consortium. Oracle Corp. is set to play a pivotal role, not only as a key investor but also as the designated security provider for the platform, addressing long-standing national security concerns.
This arrangement, finalized following discussions between President Trump and Chinese President Xi Jinping, mandates that ByteDance Ltd., TikTok's Chinese parent company, will retain less than a 20% stake in the US entity. Crucially, Americans will hold six of the seven board seats, and the app's core algorithm will be managed within the United States. This structure aims to comply with a bipartisan law requiring divestment of TikTok's US assets, mitigating risks of foreign influence and safeguarding user data.
Nvidia-Intel Forge AI Alliance
Nvidia has initiated a significant strategic partnership, investing $5 billion in Intel's common stock and agreeing to a multi-year collaboration on custom data center and PC products. This alliance will integrate Nvidia's NVLink technology into Intel's x86 CPUs and incorporate Intel chips into Nvidia's AI platforms, aiming to enhance artificial intelligence processing capabilities. Following this announcement, Intel's stock surged, reaching a 52-week high and gaining 22.8% for the week, with Nvidia becoming a 4% shareholder.
Concurrently, Advanced Micro Devices (AMD) is solidifying its presence in the AI market. The company is advancing its accelerator roadmap with the MI325X entering mass production and the MI350 slated for later this year, while also seeing adoption by major players like OpenAI. Despite increased competition from the Nvidia-Intel deal, AMD shares have risen over 30% year-to-date, with analysts maintaining a 'Buy' rating and suggesting the x86 focus of the new collaboration might even benefit AMD.
Gold prices reached a new record high, indicating investor fear, while stock markets simultaneously hit all-time highs, creating a paradox of dual market sentiment.
Tapestry, owner of Coach and Kate Spade New York, targets Gen Z and millennials for luxury market growth, projecting them to form over 70% of the market by 2030.
A looming housing affordability crisis is predicted as a persistent supply shortage meets anticipated Federal Reserve interest rate cuts.
U.S. stock futures dipped slightly after hitting record highs, as the Federal Reserve's rate cuts were followed by hints of potential further easing.
An experiment showed GPT-5 selected an aggressive, high-growth stock portfolio for a $500 investment, yielding a 10% gain within two weeks.
Warren Buffett's Berkshire Hathaway fully exited its 17-year investment in BYD, marking the stake's market value at zero despite BYD's strong year-to-date stock performance.
Cryptocurrency Market Experiences Significant Downturn
The cryptocurrency market commenced the week with a sharp decline, seeing major assets like Bitcoin (BTC) and Ethereum (ETH) reach multi-week lows. This widespread downturn triggered substantial liquidations, with over $1.7 billion in leveraged positions being wiped out across the market. This included over $597 million in Bitcoin and Ethereum long liquidations within a 24-hour period, signaling an overleveraged derivatives market.
Ethereum's price notably dipped, falling below critical support levels such as $4,550 and $4,450, with a low recorded at $4,264. Analysts observed a bearish trend line forming on its hourly chart, indicating potential for further downward movement. Concurrently, XRP lost its third-place position in market capitalization to USDT (Tether), reflecting a shift in the top cryptocurrency rankings amid the volatility.
The market's sharp correction is largely attributed to the highly overleveraged derivatives market, as highlighted by analyst Maartunn, alongside prevailing macroeconomic uncertainties. These factors have contributed to a reassessment of short-term market dynamics and underscore the inherent risks associated with excessive leverage in the volatile crypto space. For more detailed analysis on Ethereum's specific price action, see Ethereum Price Dives.
Bitcoin Market Sees New ETF Listing Amidst Price Volatility
The Warsaw Stock Exchange (GPW) has made a significant stride in cryptocurrency adoption by listing its first Bitcoin Exchange-Traded Fund (ETF), named Bitcoin BETA. This innovative financial product offers investors regulated exposure to Bitcoin through CME-listed futures contracts. Approved by Poland's Financial Supervision Authority (KNF) in June, the ETF incorporates FX-hedging forward contracts to mitigate currency fluctuation risks, ensuring a more stable investment environment.
This development coincides with considerable volatility in the broader cryptocurrency market. Recently, Bitcoin (BTC) experienced a sharp price dip, approaching the critical $112,000 horizontal support level. This decline followed a breakdown from an ascending channel, a technical pattern often indicative of a potential bearish trend. The market's high volatility suggests ongoing uncertainty regarding its immediate direction.
Technical indicators present a mixed outlook for Bitcoin. While shorter-term charts show oversold conditions, hinting at a potential recovery, daily and monthly timeframes reveal bearish signals. The Relative Strength Index (RSI) on the daily chart is nearing resistance, and the Moving Average Convergence Divergence (MACD) is close to entering bearish territory. Long candle wicks on monthly charts further suggest strong selling pressure at higher price points, contributing to the current market's balanced yet precarious state.
The listing of regulated products like the Bitcoin BETA ETF on major exchanges such as the GPW highlights a growing institutional acceptance of digital assets. However, the concurrent price fluctuations underscore the inherent volatility of the asset class. Investors navigating this environment are presented with both new regulated avenues for exposure and the ongoing challenge of market unpredictability, requiring careful consideration of risk and technical indicators for informed decision-making.
XYZVerse, a new sports and web3-integrated meme coin, has raised over $15 million, targeting CEX/DEX listings with potential 1000x returns.
Avalanche (AVAX) is a high-performance, eco-friendly Layer-1 network offering 4,500 TPS and unique Subnet architecture for custom blockchains.
XRP's price is building momentum towards $5, fueled by surging trading volumes, favorable legal developments for Ripple, and growing institutional interest.
New IRS regulations require US crypto holders to report transactions on a per-wallet basis, significantly increasing the complexity of tax filing.
Binance Coin (BNB) surged over 10% to $1,087, signaling a bullish trend supported by strong on-chain data and derivatives market sentiment, potentially boosting other altcoins.
Metaplanet Inc. acquired an additional 5,419 BTC for $632.53 million, bringing its total Bitcoin holdings to 25,555 BTC with an average cost of $106,065.
