We're about 2 minutes away from the end of the trading day. Scarlet Fu and Vonnie Quinn here with you and here to help take you through the closing bell. We've got a global simulcast.Tim Sandvik joins us as well as Israeli lee. We bring together our Bloomberg Television, radio and you tube audiences worldwide as we pass through the most crucial moments of the trading day. And Tim, it doesn't look like a whole lot is going on when you look at the closing numbers here in the S&P 500, little change, but it's b ...

Market Performance - The Dow Jones Industrial Average closed down by 0.32% [1] - The S&P 500 index experienced a slight decline [1] - The Nasdaq Composite index saw a minor increase of 0.05% [1] Cryptocurrency Stocks - Robinhood (HOOD.O) rose by 4.07% [1] - Coinbase (COIN.O) increased by 2.2% [1] - Circle (CRCL.N) fell by 4.71% [1] - Hut 8 (HUT.O) decreased by 2.26% [1] Other Notable Stocks - 3M (MMM.N) dropped by 3.63% [1] - Netflix (NFLX.O) declined by 5.10% [1]

Crypto Regulation & Market Impact - The Genius Act, regulating stablecoins, is expected to be signed, adding legitimacy and safety to the crypto space [1] - Legislative clarity for stablecoins aims to modernize the payment system, potentially cementing the dollar as the world's reserve currency [2] - The regulation seeks to prevent innovation from moving abroad and to counter potential dominance by other countries like China in international standard setting [3][4] - Crypto companies like Coinbase, Robinhood, and Circle are seen as potential winners from the new regulations [5] Financial & Economic Implications - Stablecoins could introduce new competition in the foreign remittance space, offering faster and cheaper international money transfers compared to traditional methods [6] - Increased dollar-based trade facilitated by stablecoins could further solidify the dollar's position as the world's reserve currency [8] - The administration believes the economy is growing stronger than pessimists suggest, citing retail sales exceeding expectations [13] - The administration's economic plan aims to bring back affordable growth without inflation by increasing domestic production [14] Monetary Policy & Future Outlook - The administration is focused on selecting a Fed chair who will facilitate growth and ensure the right interest rate environment [17] - The administration suggests that if supply is unleashed, there is no reason to anticipate inflation, questioning the need for high interest rates [18]

Group 1 - The U.S. stock market showed slight gains with the Dow Jones up 0.16%, Nasdaq up 0.35%, and S&P 500 up 0.25% [1] - Talen Energy's stock surged over 17% following the announcement of a $3.5 billion acquisition of power plants in Pennsylvania and Ohio [1] - Stablecoin-related stocks saw early gains, with Robinhood rising nearly 6%, Coinbase up over 4%, and Circle up over 3% [1] Group 2 - The Nasdaq Golden Dragon China Index increased by over 2%, with notable gains from Futu Holdings (up over 10%), Kingsoft Cloud (up nearly 10%), and Alibaba (up over 4%) [1] - Citigroup upgraded the ratings for Chinese and South Korean stock markets to "overweight," citing a return of profit-making effects in A-shares and Hong Kong stocks attracting foreign investment [1] - Citigroup expressed a constructive medium-term outlook for Asian markets, predicting a return of about 7% for the MSCI Asia (excluding Japan) index by mid-2026, with an estimated price-to-earnings ratio of around 14 times [1] Group 3 - China is shifting its economic growth focus from investment-led to consumption-led, with potential measures including consumption vouchers and moderate fiscal and monetary policies [2] - Sectors such as consumption, internet, raw materials, and technology are expected to benefit more from these policies [2] - A survey by Invesco revealed a noticeable increase in interest from international investment institutions in the Chinese market, covering 83 sovereign wealth funds and 58 central banks managing approximately $27 trillion in assets [2]

Core Viewpoint - The cryptocurrency market has experienced a significant rally, driven by positive regulatory developments and increased institutional interest in digital assets [2][3][4]. Group 1: Cryptocurrency Market Performance - On July 18, major cryptocurrencies such as Ethereum and XRP saw substantial gains, with Ethereum rising over 8% and XRP nearly 20% [1][3]. - The total market capitalization of cryptocurrencies surpassed $4 trillion for the first time, indicating a structural repositioning of cryptocurrencies within the global financial system [3]. - Bitcoin's performance lagged behind other altcoins, with a maximum intraday increase of less than 2%, suggesting a shift in market dynamics towards emerging altcoins [3]. Group 2: Regulatory Developments - The U.S. House of Representatives passed several bills related to cryptocurrencies, including the "Stablecoin Innovation Act," which aims to establish a regulatory framework for stablecoins [3][4]. - The "Digital Asset Market Clarity Act" was also approved, seeking to clarify the regulatory scope of the SEC and CFTC over the cryptocurrency market [4]. - These legislative actions are expected to enhance clarity and stability in the cryptocurrency market, potentially attracting more institutional investment [5]. Group 3: Impact of Trump's Executive Order - President Trump's anticipated executive order will allow approximately $9 trillion in U.S. 401(k) retirement savings plans to invest in alternative assets, including cryptocurrencies [6][9]. - This move is expected to transform the management of retirement funds in the U.S., opening up new investment opportunities for individuals [6][7]. - The order may also benefit major private equity firms like Blackstone and Apollo, which are looking to tap into the 401(k) market, potentially attracting hundreds of billions in new capital [8][9].

中国资产再大涨。 当地时间周五，美股三大指数小幅高开，道指涨0.16%，纳指涨0.35%，标普500指数涨0.25%。 Talen Energy涨超17%，因公司将以35亿美元收购宾州和俄亥俄州的发电厂。 稳定币概念股盘初上扬，Robinhood涨近6%，Coinbase涨超4%，Circle涨超3%。 以太币储备概念股普涨。BTCS飙升24%，Bit Digital上涨7%，GameSquare上涨5%。 纳斯达克中国金龙指数涨超2%，富 途控股涨 超10%，金山云涨近10%，阿里巴巴涨超4%。 花旗表示，尽管宏观环境波动，亚洲股市表现仍优于全球同行。美国关税政策使短期展望不明朗，但花旗 对亚洲市场中期前景持建设性看法，预计MSCI亚洲（除日本外）指数至2026年中将有约7%的回报，预 测市盈率约为14倍。 花旗表示，就宏观而言，中国致力于将地方经济增长转向消费主导，而非投资主导。相关部门有望推出的 提振措施包括消费券、财政和货币政策，政策力度可能适中，消费、互联网、原材料和科技等行业可能从 政策中受益更多。 景顺全球主权资产管理研究显示，一些国际投资机构对中国市场的兴趣明显回升。该调查涵盖83家主权 财富 ...

Core Viewpoint - The article highlights the explosive growth and interest in stablecoins, surpassing previous trends in AI, innovative pharmaceuticals, and robotics, driven by significant market events and legislative developments in the cryptocurrency space [2][4]. Group 1: Market Dynamics - Stablecoins have gained unprecedented attention, particularly following Bitcoin's historic surge past $120,000 and the U.S. Congress voting on three major cryptocurrency bills, marking a peak in market interest [2][3]. - Circle, the issuer of USDC, has captured 24% of the global stablecoin market, with its stock skyrocketing over 800% since its IPO, reaching a market cap of over $65 billion [6]. - The Hong Kong market has seen early adoption of stablecoin concepts, with significant stock price increases for companies involved in virtual asset trading services, such as Guotai Junan International, which has surged over 400% [7][9]. Group 2: Legislative Developments - The U.S. Congress passed three key bills aimed at establishing a regulatory framework for stablecoins, including the GENIUS Act, which is expected to enhance consumer protection and legitimize the cryptocurrency industry [19][20]. - Other countries, including the EU and Japan, are also advancing legislation to regulate digital assets, indicating a global trend towards formalizing the stablecoin market [23][24]. Group 3: Investment Opportunities - The article notes that stablecoins are projected to reach a trading volume of $27.6 trillion by 2024, with a growth rate of 20%-30% per month, highlighting their increasing monetary significance [17]. - The emergence of tokenized funds, such as those launched by Huaxia Fund in Hong Kong, is expected to further stimulate investment interest in stablecoins [13][15]. - A significant number of stocks related to stablecoins have seen substantial price increases, with many doubling in value over recent months, indicating a robust investment landscape [11][12]. Group 4: Future Outlook - The global stablecoin market is anticipated to grow over 20 times in the next five years, potentially exceeding $3.7 trillion by 2030, driven by increasing adoption and regulatory clarity [17]. - The article suggests that the ongoing developments in stablecoin legislation and market dynamics could lead to a new wave of investment opportunities, similar to past financial technology revolutions [33][34].

Core Viewpoint - The emergence of tokenized stocks driven by blockchain technology has faced significant challenges, including extreme price volatility and regulatory scrutiny, highlighting the conflict between blockchain's openness and financial market compliance [1][2][7]. Group 1: Tokenized Stocks Overview - The experiment began on June 30, with platforms like Robinhood and Kraken launching "xStocks" tokenized stocks, intended to facilitate 24/7 trading and lower cross-border investment barriers [2]. - Within two weeks, severe issues arose, such as liquidity problems and price disconnection from underlying assets, exemplified by a trader pushing the price of Amazon tokens to $23,781, a 124-fold premium over the actual stock price [1][2]. Group 2: Regulatory and Market Manipulation Concerns - The issuance of tokenized stocks has raised legal questions, as Robinhood faced backlash for unauthorized issuance of OpenAI tokens, prompting investigations by the Lithuanian central bank [2]. - The anonymous trading nature of platforms like Jupiter has led to concerns about market manipulation, with Chainalysis warning that such environments facilitate money laundering and price manipulation [2]. Group 3: XBIT's Solutions and Innovations - XBIT decentralized exchange has implemented a three-tier defense system to address these issues: real-time price calibration using Chainlink, dynamic liquidity pool adjustments, and KYC-Chain certification for trader identification [5][7]. - The platform has successfully maintained a daily trading volume exceeding $800 million without significant price anomalies, demonstrating the effectiveness of its compliance-first approach [7][10]. Group 4: Bridging Blockchain and Traditional Finance - XBIT is exploring a hybrid settlement network in collaboration with BNY Mellon, allowing for both traditional and blockchain-based transactions [8]. - The integration of SEC's MIDAS system into blockchain aims to monitor trading patterns and enhance regulatory oversight, contributing to investor protection [8]. - An educational initiative, "Blockchain Securities Academy," has been launched to help users understand the risks associated with tokenized assets [8][10].

美国与加密货币相关的股票在盘前上涨，Circle(CRCL.K)上涨2%，Robinhood(HOOD.O)上涨1.6%， Coinbase(COIN.O)上涨1.9%，MicroStrategy(MSTR.O)上涨0.6%。此前美国众议院通过了加密货币市场 结构立法。 ...

looks good send itCryptoCondom (@crypto_condom):Im going to say this once: $GLXY is the new $HOOD.They control a massive amount of $SBET in addition to $SOL and other crypto asssets + their data infra trade.This shit is going to go up and to the right like @robinhood did after Election Day. https://t.co/pX8yYoCFxa ...