Good morning investors! The market closed higher yesterday despite tariff pressure.
Today we cover:
The new crypto bill
Meta goes big on data centers
Crypto stocks under pressure?
📊 Economy and News
House to Vote on Stablecoin Regulation During ‘Crypto Week’
The U.S. House will vote on the GENIUS Act to regulate the $238 billion stablecoin market during its “Crypto Week,” alongside bills to clarify digital asset regulations and block a digital U.S. dollar.
The GENIUS Act, which passed the Senate with bipartisan support, aims to create a framework for banks and firms to issue stablecoins, boosting competition and trust.
Supporters, including House Speaker Mike Johnson, say it will strengthen the U.S. dollar’s global role, while critics like Rep.
Maxine Waters warn of potential corruption and enforcement challenges. The bill could also push retailers and payment networks like Visa to adopt stablecoins, potentially lowering fees.
Global hits:
Brazil economic activity posts unexpected drop in May.
Russian court hands US-owned food company’s assets to the state.
Indian retail inflation eases to over 6-yr low of 2.1 pc in June on subdued food prices.
Exciting: Anthropic, Google, OpenAI and xAI granted up to $200 million for AI work from Defense Department.
Check this: Trump threatens 100% tariffs on Russian export buyers unless Ukraine peace deal is reached by September.
Should tariffs be used as a weapon?
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📈 Stocks
S&P 500 6,268.56 (+0.14%)
DJIA 44,459.65 (+0.20%)
NASDAQ 20,640.33 (+0.27%)
BRENT CRUDE 69.01 (-0.30%)
* Prices as of Jul 15th, 12:20 AM UTC
Meta's Massive Data Center Expansion Drives Nuclear Stocks
Mark Zuckerberg revealed on Threads that Meta is investing in gigawatt-scale data centers. The plan rivals a Manhattan-sized computing footprint. The "Prometheus" project launches in 2026 in New Albany, Ohio, while a 5GW "Hyperion" data center in Louisiana will host 2GW by 2030.
Nuclear stocks surged, with Oklo Inc. ($OKLO) at $62.41, Nano Nuclear ($NNE) at $36.00, and NuScale Power ($SMR) at $42.12, due to high energy and water demands. A New York Times report noted Meta’s Georgia data center caused local water shortages, raising concerns.
Investors in data center and chip firms see opportunities in Meta’s computing ambitions. Meta also removed 10 million Facebook profiles in 2025 for impersonation to reduce spam.
Check this: Air India’s CEO cautioned that the investigation into flight AI 171’s crash is ongoing, despite a preliminary report ruling out mechanical issues, keeping Boeing under pressure.
Elsewhere, Morgan Stanley cut CrowdStrike’s rating to Equal Weight, citing its 50% stock surge as fully valuing growth potential, despite persistent retail investor optimism.
Autodesk abandoned its bid to acquire PTC, prioritizing organic expansion, AI development, and improved profit margins through strategic initiatives.
Lastly, Amazon jumps into AI vibe coding with preview of Kiro.
Rocket Labs skyrockets: Rocket Lab's stock surged, driven by a European deal, successful launches, and a booming space industry where it competes with SpaceX and Firefly. Since its 2021 Nasdaq debut via a SPAC merger, its market value has soared past $19 billion, hitting a record high after Citi boosted its price target to $50, citing Neutron rocket progress, satellite expansion, and government contracts.
🔐 Crypto
Bitcoin $119 844 (+0.01%)
Ether $3 016 (+0,01%)
Solana $162 (+0.31%)
Total market cap $3.75T (+0.25%)
* Prices as of Jul 15th, 12:20 AM UTC
Crypto Stocks Surge and Pause After Bitcoin's Record High
Bitcoin hit new all-time highs yesterday jumping $123,000, fueled by strong retail momentum, propelling crypto-linked stocks like Coinbase to its highest weekly close ever last week. However, Coinbase and similar stocks dipped in Monday’s trading session after a celebratory weekend.
Technically, Coinbase’s record close last week broke through the $340-370 resistance zone, setting a new downside reference for bulls to confirm the breakout’s strength.
Traders are capitalizing on this move with risk-defined strategies, while some investors await a consolidation phase before re-entering.
Other crypto stocks, including Robinhood, SoFi Technologies, and Marathon Digital, also faced volatility, prompting traders to watch for potential reversals.
Despite bullish long-term trends, short-term gains have sparked caution among some investors as Coinbase’s market cap now exceeds $100 billion, keeping it in the spotlight.
💵 Personal Finance
Young Americans Eating Alone: A Growing Trend
The 2025 World Happiness Report reveals that Americans share only 7.9 weekly meals together, far below the optimal 13.
Among 18-to-24-year-olds, 25% ate all meals alone in 2023, doubling from two decades ago, harming mental health, says Oxford professor Jan-Emmanuel De Neve.
Smartphones and social media, used by 98% of young adults, exacerbate isolation by distracting from in-person interaction.
Why It’s Concerning: Eating alone frequently correlates with lower life satisfaction, rivaling the impact of unemployment or low income. It reflects broader social disconnection, worsened by technology.
Solutions: Individuals can use a "phone box" in kitchens to stay present. Universities could implement no-phone dining tables to encourage conversation. Social media companies should prioritize fostering real-world connections.
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👩🏽⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.