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Kimi scares AI stocks, HYPE below $60, Citadel bets on crypto

Crypto

• BTC: 62,850 (-2%) | BTC.D: 58.2% (-0.1%)

• ETH: 1,826 (-4%) | BNB: 567 (-2%) | SOL: 74 (-3%)

• Fear & Greed: 28 | 24h Liq: $391m

• BTC ETFs: +$79M | ETH ETFs: -$28M

• Top Gainers: XEC, KAITO, VELVET, PI, TRAC

• Crypto drops with broader macro sell-off

• BTC showing encouraging signs: JP Morgan

• Robinhood memes fall further, CASHCAT $60m

• HYPE drops below $60, a16z wallet sells $6.5M

• T. Rowe's crypto ETF debuts, HYPE-heavy

• Cobie now leading trading products at Coinbase

• Citadel invests $400M in Crypto.com, $20B val

• CLARITY lacks Senate Dems’ support

• CLARITY 2026 passage odds drop to 35%

• Visa launches stablecoin platform for merchants

• Morgan Stanley opens crypto trading to clients

• Polygon Labs cuts staff, pivots to payments

• MegaETH sunsets Mega Mafia program

• Venezuela’s USDT trading now rivals oil exports

• DeGods to launch NFT marketplace

• Kalshi launches markets on clinical trials

Macro

• NASDAQ: $25,880 (-1%) | Gold: $3,990 (+1%)

• AI sell-off intensifies, drives US stocks lower

• Nasdaq 100 on track for worst July in 22 years

• Nikkei enters technical correction

• 1.2M S Korea traders hit margin calls this week

• US continues strikes on Iran

• US military seizes Iranian ship in Hormuz

• China stole 220M US voter files: Trump

• China sought to sway 2020 vote vs Trump: CIA

• NBC, ABC decline to air Trump address live

• Fed's Logan calls for modestly higher rates

• US 30-yr mortgage rate hits 6.55%

• France 30-yr yield highest since GFC

• US to cap foreign student visa durations

• Truth Social to sell early access to Trump’s posts

• China builds Taiwan capital replica for drills

AI & Tech

• Kimi K3 overtakes various US AI lab models

• Micron now down 30% since peak

• EU orders Google to open Android to AI rivals

• Netflix slumps after hours on weak Q3 outlook

• Microsoft builds Mythos-style AI bug finder

• Microsoft sued over Copilot claims

• Hyperscalers doubled debt in 5 yrs on AI push

• New Mexico blocks gas line for Oracle’s 2.5GW DC

• Xi warns AI gaps may breed new injustices

• Rapidus touts cut-price 2nm wafers

• SpaceX falls 5% as Starship test aborted

• 69% odds Tesla-SpaceX merger by 2028: Kalshi

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