Author: John Smith
SpaceX shares have remained under pressure ahead of their Nasdaq-100 debut, even as the upcoming index inclusion is expected to trigger roughly $4.3 billion in passive fund buying. Summary SpaceX joins the Nasdaq-100 on July 7, with JPMorgan estimating about $4.3 billion in passive fund buying. The stock is holding above $155 support while traders watch for a breakout above $160 and $165. Limited public float and heavy insider ownership could increase volatility during the index rebalancing. According to Nasdaq, SpaceX will officially join the Nasdaq-100 before the opening bell on July 7 after qualifying under the exchange’s updated rules…
The UK Financial Conduct Authority has published a 147-page roadmap warning that autonomous AI systems could transform retail financial services while increasing the need for programmable digital payment infrastructure. Summary The FCA has published a 147-page roadmap outlining how agentic AI could automate retail financial services. The report identifies stablecoins and tokenized deposits as potential infrastructure for instant AI-driven settlements. The regulator says firms must keep human accountability in place as autonomous AI adoption accelerates. The UK’s Financial Conduct Authority has released a detailed review outlining how artificial intelligence is moving beyond assisting consumers to making financial decisions on their…
Belgium’s financial markets regulator has added six crypto platforms to its warning list after finding they are operating in the country without the authorization required under the European Union’s Markets in Crypto-Assets MiCA framework. Summary Belgium’s FSMA has warned consumers against six crypto platforms operating without MiCA authorization, signaling the start of stricter enforcement after the EU’s July 1 licensing deadline. Belgium’s financial regulator has added six unauthorized crypto firms to its warning list and urged investors to verify providers through the official MiCA register. Following the end of the EU’s MiCA transition period, Belgium’s FSMA has flagged six crypto…
South Korea has given Polymarket an opportunity to defend its operations before regulators decide whether to seek corrective action over concerns that the prediction market platform may violate the country’s gambling laws. Summary South Korean regulators will hear Polymarket’s response before deciding on possible corrective action. Authorities are reviewing whether the platform’s prediction markets violate the country’s gambling laws. The review follows an earlier police investigation into South Korean Polymarket users over alleged illegal gambling. The Broadcasting, Media and Communications Review Committee said on Monday that it will hear Polymarket’s explanation before reaching a final decision on a corrective request…
Crypto-related losses have fallen 46.8% year over year to $1.32 billion during the first half of 2026, but blockchain security firm CertiK has warned that the decline does not indicate a safer digital asset ecosystem. Summary CertiK says crypto losses fell 46.8% to $1.32 billion in H1 2026, but the decline does not mean the industry has become safer. Wallet compromises replaced phishing as the biggest attack method in Q2, with North Korean-linked attacks driving most major losses. CertiK and TRM Labs warn that attackers are becoming more targeted and sophisticated, making private key security a top priority. According to…
Robinhood shares have climbed more than 2% after the Trump administration officially launched the Trump Accounts savings program, even as the broader crypto market turned lower. Summary Robinhood gained over 2% as the Trump Accounts program officially launched. Wall Street firms kept Buy ratings and lifted Robinhood price targets. Trump hinted Bitcoin could join the program in the future, but not yet. The White House officially launched the Trump Accounts initiative on Monday with a ceremony attended by President Donald Trump, who rang the opening bells at both the Nasdaq and the New York Stock Exchange. The program has also…
Circle shares have climbed despite a bearish analyst note from Jefferies, as fresh data has shown USDC processed more than twice the adjusted stablecoin trading volume of Tether’s USDT in June. Summary Circle shares gained despite a bearish Jefferies note as USDC led stablecoin trading volumes in June. Visa data showed USDC processed $1.21 trillion in adjusted volume, more than double USDT’s $573 billion. CRCL is rebounding from key support, but bulls must clear the Supertrend resistance to confirm a trend reversal. According to Grayscale Head of Research Zach Pandl, stablecoins recorded a record $1.78 trillion in adjusted trading volume…
The biggest fight in American finance right now is over a single clause: whether digital dollars can pay their holders interest. Banks say yield-bearing stablecoins would drain trillions in deposits and break the lending machine. Crypto says the banks are defending a monopoly on other people’s money. The CLARITY Act is hostage to the answer, and this week the standoff escalated on every front. Summary A battle over whether stablecoins should pay interest has become the biggest obstacle to advancing the CLARITY Act in the US Senate. Banks warn that yield bearing stablecoins could pull trillions of dollars from deposits…
South Korea has delayed any enforcement decision against Polymarket after giving the prediction market platform a chance to respond to concerns that its service may violate the country’s gambling laws. Summary South Korea has given Polymarket a chance to respond before deciding whether to take action over gambling concerns. The review follows an earlier police investigation into local Polymarket users over alleged illegal election related gambling. The case adds to growing regulatory scrutiny of Polymarket as authorities in Europe and the United States also examine its operations. According to the Broadcasting, Media and Communications Review Committee, it has decided to…
Hong Kong’s Securities and Futures Commission has committed to separating the Certified Virtual Asset Platform practitioner exam from its mandatory course, reducing assessment fees, and improving study materials following talks with industry representatives. Summary Hong Kong’s SFC has agreed to separate the CVAP exam from its mandatory course while lowering exam fees and improving study materials. Industry representatives have sought clearer guidance on self custody, virtual asset payments, and the boundary between technology services and regulated activities. The discussions come as Hong Kong continues expanding its virtual asset licensing framework across multiple digital asset services. According to local media, the…