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Lutnick threatens action on Chinese state-subsidized robotics imports a day after Beijing's rare earth retaliation
Commerce Secretary Howard Lutnick told business leaders at a private roundtable on Monday that the Commerce Department is reviewing Chinese state-subsidized robotics imports and could take action once the review completes, according to a Politico report published Tuesday citing three attendees. Lutnick said the administration wants to avoid having “state subsidized robotics attacking us in...Cryptopolitan
Wed, Jun 24
Meta to develop prediction markets app called "Arena"
Meta owner Mark Zuckerberg has directed a small team at the tech giant to develop a standalone smartphone app called Arena that would let users predict outcomes on politics, sports, entertainment and world events, the New York Times has reported. The app would operate independently from Meta’s existing platforms, according to employees familiar with the...Cryptopolitan
Wed, Jun 24
Micron has signed a memory supply deal with Anthropic
Micron Technology (MU.O) has struck a major deal with Anthropic, which is gearing up for an IPO. The memory chipmaker announced it entered a strategic agreement with Anthropic covering memory and storage supply. The financial terms of the agreement were not disclosed. Both companies will work together to analyze how memory and storage subsystems perform...Cryptopolitan
Tue, Jun 23
Chainlink adds Project Pangea to growing TradFi roster as LINK price stays flat
Chainlink has announced the launch of Project Pangea, a cross-border foreign exchange settlement initiative backed by 47 South Korean and European banks representing over $10 trillion in combined assets. Project Pangea pairs Chainlink with Qivalis and UniKA, two banking groups made up of 37 European banks and more than 10 South Korean banks, respectively. What...Cryptopolitan
Tue, Jun 23
BlackRock recommends 1% to 2% Bitcoin allocation as AI trade diverts capital from crypto
BlackRock told financial advisors on Tuesday, June 23, that a small Bitcoin position, around 1% to 2% of a portfolio, could improve returns without blowing up risk budgets. The recommendation came in a social media post from BlackRock’s official account, pointing investors to comments from Michael Gates and linking to the firm’s iShares Bitcoin Trust...Cryptopolitan
Tue, Jun 23
Ethereum Price Forecast: EF cuts 20% of workforce, reduces annual spend by 40% after restructuring
The Ethereum Foundation (EF) announced that it has completed a reorganization and restructuring process, which involves cutting roughly 20% of its workforce, comprising 54 individuals across different teams.
Fxstreet
Tue, Jun 23
Oracle cuts 21,000 jobs as focus shifts to AI
Tech giant Oracle has relieved almost 21,000 people of their positions over the past fiscal year, amounting to a 13% reduction in its global workforce, as the company funneled tens of billions of dollars into artificial intelligence infrastructure, according to its annual 10-K filing with the Securities and Exchange Commission. The filing, published on June...Cryptopolitan
Tue, Jun 23
Tesla tops the American-made list, but at home the market is shrinking
Tesla once again sits at the top of Cars.com’s ranking of the most American-made vehicles, an odd result given that the U.S. electric vehicle market it helped start is now shrinking after federal tax credits went away. Cars.com said on Tuesday that the Tesla Model 3 took the No. 1 spot on its American-Made Index...Cryptopolitan
Tue, Jun 23
South Korea's LG Chem bets $9.7 billion as it pivots to AI, robotics, others
South Korea’s largest chemical company LG Chem is looking to pivot from its petrochemical business toward AI-driven growth areas, citing slow profitability. In a town hall meeting Monday, LG Chem disclosed it’s allocating 15 trillion won ($9.74 billion) in research and development to expand its business portfolio. About 70% of the fund will target semiconductor,...Cryptopolitan
Tue, Jun 23
Alphabet fell 5%, its worst day in a year, after two top researchers quit for OpenAI and Anthropic
Alphabet’s stock closed down almost 5% on Monday, making it Google’s worst trading day in over a year. The decline coincided with two prominent researchers leaving to join competitors and growing concerns about artificial intelligence. It was the company’s biggest decline since a roughly 7% decline in May 2025, and it was larger than the...Cryptopolitan
Tue, Jun 23
Allfunds expands tokenized funds access to Solana, eyes $1.8 trillion network
Top European asset manager, Allfunds, has announced a collaboration between the Solana network and its digital assets and cryptocurrency arm, Allfunds Blockchain. This partnership will integrate Solana into its platform for tokenized fund offerings and give institutional asset managers easy access to on-chain channels. The partnership will put Solana’s blockchain infrastructure within the reach of...Cryptopolitan
Tue, Jun 23
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Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%
US Stocks Close: Nasdaq Rises 1.1% as Tech Stocks Rebound, Memory Stocks Lead Gains With Micron Up Nearly 3%
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550
US Memory Sector Slides Again Pre-Market as Micron, SanDisk, Western Digital Erase Monday Gains
Apple Retreats Below $340 After Surge: Can First Touchscreen MacBook Pro Help Stock Reach New Highs?
