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PI token struggles at $0.40 resistance as volume drops, signaling possible pullback or reversal toward $0.32.
Share link:In this post: Trump told Goldman Sachs CEO David Solomon to replace the bank’s chief economist or focus on being a DJ. Goldman’s Jan Hatzius projected U.S. consumers will pay up to 67% of tariff costs by October. Trump said tariffs are bringing in massive Treasury revenue and are paid mostly by foreign entities.
Share link:In this post: CoreWeave stock fell 9% after hours despite beating Wall Street’s revenue expectations. The company reported $1.21 billion in revenue and a $290.5 million net loss for the quarter. Operating margin dropped to 2% due to $145 million in stock-based compensation and debt rose to $11.1 billion.
Share link:In this post: Nvidia now makes up over 8% of the S&P 500, the highest share for any single stock in history. The company’s market value is about $4.5 trillion after massive stock gains since 2022. Risks include political tensions with China, export restrictions, and power grid limits for data centers.
Share link:In this post: Treasury Secretary Scott Bessent wants the Fed to consider a 50 basis-point rate cut in September after weak job growth revisions and mixed inflation data. U.S. stocks jumped as investors grew more confident that a deeper rate cut is coming next month. Bessent backed Stephen Miran’s Fed nomination, criticized the costly Fed renovation, and said the U.S. is close to major trade deals.
- 01:46"$125,000 ETH Long Position Whale Only $44 Away from Liquidation"According to Jinse Finance, on-chain data shows that the "whale who rolls over $125,000 to go long on ETH" added another 2,000 ETH (approximately $8.86 million) to their position at 6 a.m. today. The total value of their long position has now reached $46.51 million, with a liquidation price near $4,256. As of press time, ETH is trading at $4,300, just about $44 away from liquidation.
- 01:32US SEC Delays Approval of Truth Social and Multiple Crypto ETFs AgainForesight News reports, citing The Block, that the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Truth Social Bitcoin and Ethereum ETFs until October 8. Earlier this week, the SEC also routinely delayed the approval of the CoinShares Litecoin ETF, CoinShares XRP ETF, and 21Shares Core XRP ETF. The review of the related XRP Trust and the 21Shares Core Ethereum ETF staking proposal has also been postponed. The SEC stated that more time is needed to consider the proposed rule changes and the issues involved.
- 01:32Trump: Initiating Arrangements for a Meeting Between Putin and Zelensky at an Undisclosed LocationForesight News reports that Trump posted on Truth Social, stating, "I held a very successful meeting with several distinguished guests, including Ukrainian President Zelensky, French President Macron, and Finnish President Stubb. During the meeting, we discussed security guarantees for Ukraine, which will be provided by European countries in coordination with the United States. After the meeting, I called Putin and began arranging a meeting between Putin and Zelensky at a yet-to-be-determined location. Following this meeting, we will hold a trilateral discussion—both presidents and myself. I want to emphasize again that this is a very positive early step toward ending a war that has lasted nearly four years. Vice President Vance, Secretary of State Rubio, and Special Representative Steve Witkoff are coordinating with Russia and Ukraine."