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The Future of Money

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πŸ”₯ NEW: Citrini Research calls
$HYPE a compelling investment, noting Hyperliquid has accounted for nearly half of all crypto token buybacks in 2025.

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πŸ—ž Catch up on the news over the last 24 hours!

🚨 Elon Musk thinks SpaceX could become the β€œlargest in this sector of the galaxy”.

πŸ‡ΊπŸ‡Έ SEN. LUMMIS: β€œThe Clarity Act passed committee. The floor is next. We did not come this far to quit at the 5 yard line.”

🚨 Peter Schiff pushed back on Jamie Dimon's call to subject crypto firms to bank-level capital and compliance rules.

πŸ‡ΊπŸ‡Έ The US House Ways and Means Committee circulated 7 draft bills on digital asset taxation ahead of Tuesday's hearing.

🚨 Coinbase CEO Brian Armstrong predicts demand for AI is near infinite, but expects 80% of workloads to run on 99% cheaper models within 12–18 months.

πŸ‡ΊπŸ‡Έ A New York Supreme Court judge has stayed a lawsuit seeking ownership of nearly 40,000 dormant Bitcoin wallets, with a hearing set for July 14.

πŸ”₯ Nvidia CEO Jensen Huang brushed off concerns over the global chip stock selloff, saying "Everybody should be very excited, they can now buy stock at a cheaper price."

πŸ‡ΊπŸ‡Έ President Trump says "there's no reason to raise interest rates."

🚨 Crypto Fear & Greed drops to 8, deep in Extreme Fear territory.

πŸ”₯ Strategy bought 1,550 BTC for $101.3M. They now hold 845,256 BTC.

⚑️ Sam Bankman-Fried has formally applied for a presidential pardon from Donald Trump, per Bloomberg.

🚨 OpenAI has filed a confidential S-1 for a potential IPO, with no timeline set as the company weighs the tradeoffs of going public versus remaining private.

πŸ‡ΊπŸ‡Έ US administration officials are set to meet law enforcement groups at the White House this Wednesday to address concerns that certain Clarity Act provisions could hinder efforts to combat illicit finance, per Eleanor Terrett.

πŸ”₯ Citrini Research calls $HYPE a compelling investment, noting Hyperliquid has accounted for nearly half of all crypto token buybacks in 2025.

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⚑️ NOW: Arthur Hayes warns the AI bubble could pop as three mega IPOs (SpaceX, Anthropic, OpenAI) and rising oil prices threaten the AI complex.

He expects Bitcoin to dump then pump once the bubble bursts, as the fallout triggers the next liquidity cycle.

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🚨 UPDATE: Circle's cirBTC is now live on Ethereum, bringing 1:1 BTC-backed collateral to institutional DeFi markets.

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πŸ‡ΊπŸ‡Έ LATEST: White House crypto advisor Patrick Witt says it's a "big week ahead for Clarity," as the issue set narrows and good faith offers are being put forward.

He added that time is of the essence.

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πŸ‡―πŸ‡΅ LATEST: Β₯1T SBI Shinsei Bank will offer BTC, ETH, and XRP rewards to depositors.

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πŸ”₯ CZ: "Our kids will judge us on how we regulate and progress AI and crypto innovations today."

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πŸ“Š BULLISH: Tokenized funds grew from 0 to ~$34B in 3 years, per Token Terminal.

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🚨 JUST IN: Anthropic will launch Claude Fable today, a safeguarded Mythos-class model, per The Information.

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πŸ”₯ JUST IN: CZ says Bitcoin will not stay β€œdead” for too long, urging the market to stay calm.

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🚨 ALERT: U.S. stocks lost nearly $2 trillion in market value over the last two hours.

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🚨 JUST IN: SpaceX plans to launch initial orbital AI computing demonstrations by late 2027, per Reuters.

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🚨 LATEST: Robinhood CEO Vlad Tenev says Robinhood Securities is now approved as an IPO underwriter, with plans to be "disruptive" in the space.

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