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Japan wants GPIF to raise alternative investments from 1.7% toward 5%
Japan is preparing to let the Government Pension Investment Fund (GPIF) put far more money outside regular stock and bond markets, according to Reuters and Nikkei on Sunday. GPIF, the world’s biggest pension fund, managed about $1.8 trillion and held only 1.7% of its portfolio in alternative investments in March. Officials want that share to...Cryptopolitan
Sun, Jul 12
The richest 10% now account for nearly half of U.S. consumer spending
The richest 10% of Americans now fund almost half of consumer spending, while many other households trim purchases and watch every bill. That divide sits at the center of the U.S. economy in 2026. Stocks remain near record levels despite a rougher artificial intelligence trade, so wealthy investors still have money to spend. Most families...Cryptopolitan
Sun, Jul 12
Uniswap hits $5.2M in daily fees as Robinhood Chain drives the surge
Uniswap’s founder, Hayden Adams, has shared that the company collects roughly $5.2 million in fees per day. Data from DefiLlama backs the figure at $5.16 million over the past 24 hours. The surge is largely thanks to Robinhood’s two-week-old blockchain, which now accounts for most of that fee flow. Meanwhile, a key governance vote is...Cryptopolitan
Sun, Jul 12
TSMC, Samsung and SK Hynix now make up nearly 30% of emerging markets
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), Samsung Electronics (KRX: 005930) and SK Hynix (KRX: 000660) now make up more than 30% of the MSCI Emerging Markets Index. Their combined share is close to the Magnificent Seven’s weight in the S&P 500. Technology now covers about 45% of the emerging-market gauge. These three chipmakers are worth...Cryptopolitan
Sun, Jul 12
The IRS has yet to determine if betting on World Cup prediction markets is actually gambling
The Internal Revenue Service (IRS) still has not said whether Americans trading World Cup contracts on prediction platforms should pay tax as gamblers or investors. The lack of such an answer means that two people who supported a specific match will end up paying vastly different amounts of tax on it. A gambler is expected...Cryptopolitan
Sun, Jul 12
Users point to BlueMove insider backdoor as liquidity pools on Sui get drained
The liquidity pools behind quite a number of tokens in the Sui ecosystem were emptied on Saturday, July 11. The liquidity pools are tied to BlueMove, a decentralized exchange on the Sui blockchain, and onchain observers are now accusing the DEX of pulling the funds through a planted backdoor. One of the voices that has...Cryptopolitan
Sun, Jul 12
São Paulo court orders Coinbase to repay $100K over hacked wallet
A São Paulo court has ordered Coinbase (NASDAQ: COIN) to return roughly $100,000 to a customer whose crypto disappeared from a Coinbase Wallet. The court rejected the exchange’s argument that self-custody shields it from liability when user funds are stolen. Court throws out Coinbase defense Brazilian courts may begin holding wallet software makers responsible for...Cryptopolitan
Sun, Jul 12
LAB crashes 56% as insider dumps $18.3 million worth of tokens
LAB fell about 56% after a wallet first funded by the LAB team sold 18.4 million tokens worth roughly $18.3 million through Aster. On-chain investigator ZachXBT said the sales happened over 48 hours and dragged LAB from about $1.20 to $0.55. The crash occurred just before token drops were supposed to begin, and although the...Cryptopolitan
Sun, Jul 12
Ripple XRP CEO Brad Garlinghouse says SEC nearly forced company to shut down
During an interview with Ripple CEO Brad Garlinghouse said the company discussed closing after the U.S. Securities and Exchange Commission sued it in 2020. Brad said Ripple could have divided its XRP supply among shareholders, declared that it held no tokens, and ended the dispute, but they decided not to because hundreds of employees could...Cryptopolitan
Sun, Jul 12
Elon Musk sides with Apple in OpenAI suit, trades new insults with Sam Altman on X
Elon Musk woke up very happy three days ago when Apple (NASDAQ: AAPL) sued OpenAI over claims that the AI giant took private hardware knowledge for new consumer devices. Since then, Elon has been publicly displaying his support for Apple in the case, on X, as one does. As Cryptopolitan reported previously, Apple says more...Cryptopolitan
Sun, Jul 12
Kevin Warsh faces Congress for the first time as Federal Reserve chair
Kevin Warsh will face Congress for the first time as Federal Reserve chair while lawmakers press him on rates, prices, and central bank independence. His first month in the job has been quiet. Kevin has said little about the economy. The House Financial Services Committee will question Kevin at 10 a.m. in Washington on Tuesday,...Cryptopolitan
Sat, Jul 11
Polymarket launches parlay-style trading in major prediction market overhaul
Polymarket has added a sports feature that lets traders place several predictions inside one combined position. The product is called combo trading, and it became available around June 10. Each selection inside the package has to finish in the trader’s favor. One wrong result wipes out the whole ticket. That setup gives users a chance...Cryptopolitan
Sat, Jul 11
Nigeria’s stock market has returned 67% in dollar terms this year
Nigeria now leads this year’s global stock table after its main equity index delivered a 67% return in dollar terms. That puts it just ahead of South Korea’s Kospi, which gained 66%. Bloomberg compared 92 exchanges, making Nigeria the strongest performer. South Korea had led as investors chased artificial intelligence shares. That trade later cooled...Cryptopolitan
Sat, Jul 11
Bitcoin Policy Institute joins fight to block claim on Satoshi's coins
The Bitcoin Policy Institute (BPI), a nonprofit research group, has officially stepped in to fight a lawsuit that seeks to claim ownership of about 3.7 million Bitcoin. The case, filed in New York County Supreme Court, argues that Bitcoin left untouched for years should be treated as “abandoned property” under state law. The plaintiffs, led...Cryptopolitan
Sat, Jul 11
Vitalik: Humanity stuck between 'naive and naive squared' choice in the ASI transition
Ethereum co-founder Vitalik Buterin argues that a lot of the public argument over advanced AI comes from both sides holding assumptions they never actually share. Buterin’s kill switch proposal for all AI applications has been met with criticism as the tech community engages in yet another debate regarding how fast AI will progress and what...Cryptopolitan
Sat, Jul 11
Losses exceed $5M in ongoing Hedera exploit
An attacker has drained more than $5 million from the Hedera network in an exploit that occurred on July 11, with the stolen funds already routed onto Ethereum. Onchain investigator Specter initially flagged on X what he stated to be an active hack of Hedera. Specter put the early tally above $3.7 million and, within...Cryptopolitan
Sat, Jul 11
Apple accuses OpenAI leadership of stealing trade secrets in Northern California
Apple filed a lawsuit against OpenAI on Friday in a federal court in Northern California, accusing the artificial intelligence company of stealing its trade secrets to build its own line of consumer devices. The filing lands just days before OpenAI is set to show off a new piece of hardware of its own on July...Cryptopolitan
Sat, Jul 11
Robinhood expands autonomous trading with AI crypto agents
Robinhood announced that it is preparing to roll out support for third-party AI agents for crypto trading. With the new feature, eligible U.S. users will be able to deploy AI agents to craft personalized crypto trading plans. The software can manage investments and execute trades independently, provided it stays within the user’s defined risk tolerance....Cryptopolitan
Sat, Jul 11
OpenAI restores Codex, ChatGPT Work limits after traffic spike
OpenAI has once again reset the usage limits for its Codex coding agent and the newly launched ChatGPT Work, which reflects the growing strain that AI agents have been creating on the computing infrastructure. On July 11, Codex engineering lead Thibault Sottiaux took to X and announced that usage limits for both products would be...Cryptopolitan
Sat, Jul 11
Housing bill with CBDC ban becomes law without Trump’s signature
A bipartisan measure relating to housing that includes a ban on a US central bank digital currency (CBDC) was enacted into law on Friday (July 10) after US President Donald Trump refrained from signing it. This brings a significant victory for supporters of cryptocurrency and advocates of privacy, who have been pushing for it for...Cryptopolitan
Sat, Jul 11
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Micron (MU) Stock Crashes Below $910 as China’s CXMT Plans an $8.5B IPO; Is the DRAM Bull Cycle Cracking?
TSMC (TSM) Stock Forecast: June Revenue Up 68%, Q2 Earnings Tomorrow; Is $438 the Next Stop?
Japan and South Korea Stocks Hammered at Open: KOSPI Tumbles 5%, SK Hynix Plunges 9%, Samsung, Kioxia and SoftBank Follow Lower
TSMC Second Quarter Net Profit Surges 77.4% to Record, AI Chip Demand Drives Results Above Estimates
IBM (IBM) Stock Forecast: Down 25% After Q2 Warning; Is $213 the Floor?
