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Share link:In this post: The S&P 500 is hitting new highs, but only a small number of mega-cap tech stocks are driving the gains. Similar narrow market rallies in the past have often led to weaker performance over the following 12 months, according to data going back to 1972. Some analysts believe potential interest rate cuts by the Federal Reserve could boost participation from smaller stocks and help stabilize the rally.
Share link:In this post: X said it’s “deeply concerned” about press censorship in India after being ordered to block over 2,300 accounts, including Reuters. India’s government denies issuing a new blocking order and claims it quickly asked X to restore the Reuters accounts. The dispute highlights ongoing tensions between X and Indian authorities over content takedowns and press freedom.
Share link:In this post: Pakistan has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee crypto service providers. The Pakistan crypto market has over 40 million users and $300B in annual trading volume. The government also allocated 2,000 megawatts of electricity for Bitcoin mining and plans to establish a strategic Bitcoin reserve.
- 15:17A Whale’s 25x Short Position on ETH Nears Liquidation, Position Valued at $40.7 MillionAccording to a report by Jinse Finance, Lookonchain monitoring shows that the whale "0x9626" has shorted ETH on Hyperliquid with 25x leverage and is now close to liquidation. The whale has partially closed positions but still holds a short position of 12,500 ETH, valued at $40.7 million. The current loss exceeds $2 million, with a liquidation price of $3,279.57.
- 15:14Trump asks lawmakers whether Powell should be fired, insiders say he hinted at taking actionOdaily Planet Daily – According to several individuals with direct knowledge of the matter, on Tuesday, Trump asked a group of House Republicans whether he should fire Federal Reserve Chairman Jerome Powell, and those present expressed their support. Several people indicated that Trump hinted he would take such action. There is no legal precedent for a president dismissing the Fed Chair—federal law stipulates that the Fed Chair can only be removed “for cause.” Such a move could have severe negative repercussions for financial markets. Sources within the administration told CBS that Trump has mentioned, both publicly and privately, the possibility of firing Powell “for cause,” but the White House has yet to formally establish a legal basis for this. On Tuesday evening local time, Florida Representative Anna Paulina Luna (one of the Republicans who voted against advancing the cryptocurrency bill) posted: “Hearing Powell is getting fired! The source is very reliable.” In a subsequent post, she wrote: “I am 99% sure the firing is about to happen.” (Jin10)
- 15:04Kaito AI May Launch Project Incubation Platform Capital LaunchpadOdaily Planet Daily reported that Kaito AI posted on the X platform, "Capital Launchpad loading..." It is understood that Capital Launchpad may launch projects within the ecosystem through community participation and AI-driven market dynamics, but specific details remain unclear.