Based on a filing made on July 10th with the SEC, Exchange Traded Concepts sold off 1,243,500 shares of the iShares Bitcoin Trust ETF during the second quarter. This transaction was worth approximately $69.50 million. As a result, as of June 30, 2025, the fund held 1,250,000 IBIT shares valued at around $76.51 million. This sale reduced the IBIT’s portion of the fund’s reportable assets under management to 0.94%.
I found myself in an exhilarating yet puzzling situation today as a shareholder of Micron. The day took an unexpected turn following a report from The Wall Street Journal suggesting that the Stargate Project, with its ambitious $500 billion artificial intelligence (AI) infrastructure initiative, has encountered some hurdles.
Despite the broader market rallying in the afternoon due to the U.S.’s trade agreement with the Philippines, Micron’s stock valuation remained in the red, undeniably influenced by the Stargate Project news. I can’t help but feel a mix of excitement and apprehension, eagerly awaiting updates on this development and its potential impact on our beloved tech giant.
This morning, stocks initially started off on a downward trend due to worries about tech sector valuations affecting major indexes. However, there was a notable rebound in the afternoon after it was announced that the U.S. and the Philippines had reached a trade deal. The market experienced some fluctuations overall, and Broadcom’s stock specifically took a hit following news that the development of a large-scale AI infrastructure wasn’t progressing as swiftly as expected.
In a shocking twist 🤯, a press release dropped like a bad habit. PNC will now offer “digital asset services” while Coinbase gets… banking? Sounds like a marriage made in bureaucratic heaven. CaaS? No, not “Caribbean as a Service”—Crypto-as-a-Service! 📚💥 A masterpiece of corporate jargon.
Stocks that have been heavily sold by investors (shorted) but are struggling and have a large number of sellers, are the ones that individual investors on platforms like Reddit might choose to buy. The aim is to create a situation where all those who had shorted the stock are forced to buy back, a phenomenon known as a “short squeeze”.
Today, following an all-time high reached yesterday during trading, the Nasdaq Composite is experiencing a slight retreat. Selling activities, particularly in stocks like AMD, contributed significantly to driving the index down notably at the start of today’s trade. However, as the day has progressed, there appears to be a reversal trend in valuations.
Let’s rewind to July 13 and 14, when bitcoin flirted with its all-time high like it was auditioning for a rom-com. Suddenly, spot trading went full-on Black Friday chaos. Binance’s bitcoin spot volume skyrocketed from $3.1 billion to $8.4 billion—nearly tripling overnight. Meanwhile, other exchanges were busy patting themselves on the back for their measly 2.6x growth. Kudos to Julio Moreno, head of research at cryptoquant.com, for crunching these numbers so I didn’t have to.
Opendoor’s shares are experiencing a pullback following their impressive rally. It seems the company’s stock has joined the list of meme stocks, with its growth primarily fueled by increased participation from individual investors.
Nokia, the well-known telecommunications corporation previously dominating the mobile phone market, revealed today that they have adjusted their financial expectations before releasing their upcoming earnings report.
The financial analyst on Wall Street lowered the sell rating for USDC, which is the stablecoin offered by Circle, the second-most prominent company in this sector.