According to data from Vanda Research, retail investors just recorded their largest single-day net selling of U.S. individual stocks since March 2020.
Despite the S&P 500 closing higher that day, the total net outflow still reached $243 million.
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Cointelegraph
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🇺🇸 Breaking news: Binance US CEO Steven McWhart stated that Binance US plans to apply for a Designated Contract Market (DCM) license from the U.S. Commodity Futures Trading Commission next month in order to launch a prediction market.
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CryptoDiffer Analytics
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Cryptocurrency Market Brief: Major Events and Headlines
This week saw another round of infrastructure upgrades, regulatory developments, and institutional expansion, indicating that the industry's long-term growth trajectory continues to strengthen even without major market volatility.
2/ 🔎 Latest Updates and Progress
- @BNYglobal migrates its $8.6 trillion money transfer agency business to on-chain
- @MorganStanley launches spot $ETH and $SOL ETFs with industry-low fees
- Samsung introduces native stablecoins to Samsung Wallet
- SK Group expands its over $500 billion AI collaboration with NVIDIA
@BNYglobal @MorganStanley 3/
- @base launches Verify Onchain to prevent Sybil attacks
- @Securitize becomes a fully registered investment advisory firm with the U.S. Securities and Exchange Commission (SEC)
- @worldnetwork raises $52.5 million to expand the application of World ID
- @BinanceUS plans to apply for a #predictionmarket license from the U.S. Commodity Futures Trading Commission (CFTC)
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CoinMarketCap
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Breaking news: According to sources at CoinDesk, U.S. Senators Tom Tillis and Ruben Gallego have finalized a revised ethical compromise for the CLARITY Act’s cryptocurrency conflict of interest rules.
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Mario Nawfal
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🇮🇷🇪🇬 For those curious about how Iran was able to hit its Egyptian target, hopefully this map will be helpful 😂
Yesterday, a drone struck a U.S.-owned liquefied natural gas carrier in the Egyptian Mediterranean port of Damieta.
Source: Reuters / Author: Michael
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ARK Invest
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Meta's report has much to offer. In many ways, the questions surrounding capital expenditures raise a simpler question: are people really taking feedback seriously?
If you haven't heard the report yet, the following quotes can help you understand how Meta views the role of artificial intelligence in today's business:
"Now let's talk about business performance. The two main drivers of our revenue growth are: our ability to deliver engaging experiences to our user base, and the effectiveness with which we monetize that engagement over time."
"This quarter, Instagram saw double-digit year-over-year growth in global user engagement, primarily driven by improvements to our Feed and Reels recommendation features."
"Facebook video engagement grew 9% year-over-year globally, with over [percentage missing] growth in the U.S. and Canada." "10%, primarily due to improvements in ranking functionality."
"Nine million small businesses on our platform are already using at least one of our AI ad creative tools."
"On Reels, we released our largest single-release ranking boost to date, combining faster inference with a new architecture that leverages deeper user history to improve predictions. This resulted in a 15 basis point increase in conversations on Instagram, particularly in retweets and user dwell time."
"Early pilot projects using LLM (Lifecycle Model) to better understand user preferences resulted in a 1% increase in app event volume."
"In Q2, we also improved our user understanding model to analyze ad and organic traffic, while simultaneously improving user experience and advertiser performance. Combined with our GEM (User Experience Model) for ad ranking and sequence learning, these improvements resulted in an 8.3% increase in ad clicks and a 15.7% increase in conversion rates on Facebook."
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Bitcoin News
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The only issue on which Trump and Warren reached a consensus: repealing the debt ceiling.
The U.S. national debt is currently approximately $39.8 trillion.
Senator Elizabeth Warren stated that President Trump is right on one point: removing the debt ceiling. She believes the only real function of the debt ceiling is to trigger an economic crisis.
Warren indicated she is prepared to work with both parties to repeal the debt ceiling to "protect the economy."
Meanwhile, Republicans are considering a preemptive increase in the debt ceiling. The White House is reportedly discussing raising the debt ceiling to $41.1 trillion before the 2026 midterm elections to avoid a fiscal deadlock should Republicans lose control of Congress.
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Whale Insider
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Breaking news: Following the Federal Reserve's decision to keep interest rates unchanged, U.S. Treasury yields climbed, with the 30-year Treasury yield reaching 5.24%, a 19-year high.
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TheCryptoBasic
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According to cryptocurrency journalist Eleanor Tretter, Binance US plans to apply to the U.S. Commodity Futures Trading Commission (CFTC) for designated contract market status in August, with the aim of launching a prediction market for its clients.
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TheCryptoBasic
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U.S. Securities and Exchange Commission Chairman Paul Atkins stated that if Congress does not approve the proposed CLARITY Act, the agency is prepared to use its existing powers to set rules for the cryptocurrency market, noting that the legislation would provide a more stable regulatory framework.