Ark Invest doubles down on SpaceX with $52m weekly buying spree

Cathie Woods Ark Invest has increased its exposure to SpaceX with purchases worth about $52.1 million during the week ended July 10, while cutting positions in semiconductor, streaming and genomics companies as it continued adjusting its portfolios.  SummaryArk Invest bought about $52.1 million worth of SpaceX shares while adding to positions in Coinbase, Circle and several AI and healthcare companies.The firm reduced holdings in AMD, Roku, Deere and multiple genomics stocks as it continued rebalancing its ETF portfolios.The latest purchases extend Ark‘s recent strategy of increasing its SpaceX position after earlier buying during the stock’s post IPO decline.  According to Ark Invest‘s latest weekly trading disclosure, Space Exploration Technologies Corp. (SPCX) received the firm’s largest allocation by value across multiple exchange-traded funds.  Here is every move Cathie Wood and Ark Invest made in the stock market today 7/13 pic.twitter.com/Y63Rp2vSls  — Ark Invest Tracker (@ArkkDaily) July 14, 2026  The investment manager also bought shares of Eli Lilly, Meta Platforms, X-Energy, Coinbase Global and Circle Internet Group, alongside several healthcare, artificial intelligence and defence-related companies.  Across individual funds, Ark added SpaceX shares to ARKK, ARKQ, ARKW and ARKX. The latest filings also showed fresh purchases of X-Energy across three ETFs, while Block, Kratos Defense & Security Solutions, Oklo,

07-14انڈسٹری

Coinbase CEO Admits Base ‘Messed Up’ on Content Coins, Shifts Focus to Trading and AI

For one of the largest exchange-backed layer-2 networks, the message was blunt. Coinbase CEO Brian Armstrong told the community that Base‘s earlier experiments with content coins had failed. “They didn’t work… We messed up, time to turn the page,” he said, according to the original report. The admission marks the end of a chapter that once promised to fuse creator economies directly into blockchain rails but instead delivered user losses and little long-term stickiness.  The content coin push—embodied by projects like Zora and various creator tokens—aimed to give artists and communities a direct monetization path. In practice, many of those initiatives flared briefly and then faded. While some $NFT communities have seen continued sales activity, the creator coin model on Base struggled to build a defensible user moat. Community pushback highlighted how those experiments often distributed risk unevenly, leaving ordinary users holding assets that quickly lost value. Armstrongs acknowledgment signals that Coinbase is drawing a hard line between speculative content tokens and infrastructure with measurable demand.  Turning the page to trading, payments, and AI agents  Base had already pivoted away from content coins earlier this year, but Armstrongs comments make the strategic shift explicit. Most engineering resources are now allocated toward trading infrastructure.

07-14

Polymarket Odds Plummet Despite Trump Pushing CLARITY Act With Urgent China Warning

President Donald Trump pressed the Senate to pass the CLARITY Act, warning that China could seize control of crypto and artificial intelligence (AI) if lawmakers fail to act.  The appeal arrives with the Senate back in session and a narrow window before the recess that begins August 8. Lawmakers have roughly four weeks, widely viewed as the bills last realistic chance this year. Yet, success odds on prediction market Polymarket have plummeted by almost 5% today.  Sponsored  Sponsored  Trump Frames the CLARITY Act as a China Race  Trump posted the appeal on Truth Social, linking it to the late Senator Lindsey Graham. The South Carolina Republican, whom he called a supporter of the bill, died over the weekend.  “China, and many other countries, would like to take complete and total control of this major financial ”happening,“ as well as A.I., where we are now leading, but where they are fighting hard. Dont let China win on either subject!!!” Trump articulated.  Follow us on X to get the latest news as it happens  The warning frames a wider contest between Washington and Beijing over digital assets and AI. CLARITY would build on the GENIUS Act, the first major US crypto law, signed last July.  The House passed the Digital Asset

07-14انڈسٹری

Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections

SummaryThe AI infrastructure boom propelled memory-chip companies to extraordinary valuations before sharp pullbacks.Similar reversals in precious metals and Strategy demonstrate that genuine long-term trends are not immune to market cycles.The lesson is that structural trends can be real while their valuations remain cyclical.  The term “paradigm shift” is often applied casually to what may simply be rapid rotations between fashionable assets, the latest example being the AI-driven semiconductor boom.  Hyperscalers such as Amazon (AMZ) and Google (GOOG) are spending heavily on data centres containing thousands of AI accelerators. These systems require enormous quantities of high-bandwidth memory for processing and NAND flash for storage, tightening supply and lifting chip prices.  Micron Technology (MU) produces DRAM, NAND and other memory products, while Sandisk (SNDK) specialises in NAND flash and solid-state storage. Micron rose roughly 700% year over year, and Sandisk gained more than 4,000%. Both have subsequently retreated from their peaks, illustrating how quickly enthusiasm can reverse.  The excitement created the largest U.S. IPO of all-time in SpaceX (SPCX), while SK Hynix (00060), a leading supplier of high-bandwidth memory, raised $26.5 billion through the largest-ever U.S. listing by a foreign company. Its ADRs initially surged, but subsequent volatility exposed the risks of buying into peak optimism

07-13انڈسٹری

Cardano's Next Major Upgrade Almost Here: What's Left?

Intersect shares a fresh update on the van Rossem hard fork status in a recent post on X. The intra-era hard fork to Protocol Version 11 will boost Plutus performance, improve ledger consistency as well as the security of nodes. This upgrade also introduces enhanced primitives, VRF key uniqueness, and updated reference input rules.  Intersects update on the van Rossem hard fork is necessitated as the Cardano network approaches the final 12 hours of epoch 642.  Cardano currently has a number of governance actions that are imminent, as well as the hard fork ratification. Currently, the hard fork can ratify on July 8, 13, and 18. It expires on July 18.  Epoch 642 coincides with July 13, with one ratification date left, which is July 18 if all due conditions are not met today. The remaining possible enactment dates are July 18 and 23.  The van Rossem hard fork governance action has made progress in on-chain voting, with DRep and SPO support now above their required ratification thresholds and four of the five required Constitutional Committee approvals recorded.  Ecosystem adoption and readiness continue to increase, while attention shifts to the possible effect of a hard fork ratification on other active governance actions, according to governance-action

07-13انڈسٹری

Bonzo Lend loses $9M in oracle exploit on Hedera

Hedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of the SAUCE token used as collateral, allowing the account to borrow assets far beyond the value deposited.  In a preliminary incident report published Saturday, Bonzo said the attacker deposited 250 SAUCE, worth only a few dollars, before submitting a price update that inflated the tokens value by roughly 12 orders of magnitude. The wallet then borrowed 6.63 million USDC and 34.5 million wrapped HBAR from the lending pool.  The case illustrates how oracle failures can turn low-value collateral into a tool for draining large amounts of liquidity from lending protocols, even when the application and underlying network continue operating as designed.  Bonzo attributed the incident to a flaw in Supras onchain oracle verifier, which accepted a manipulated SAUCE price carrying a zeroed signature, that is, a digital signature that has no content or is empty, effectively deleting any existing signature.  The protocol said Supra acknowledged the issue and deployed a fix, while stressing that the incident was not a vulnerability in Bonzo Lend‘s contracts or Hedera’s core network.  Estimated economic impact of the incident. Source: Bonzo Finance  DeFi hacks continue to pressure the sector  The incident adds to a growing number

07-13انڈسٹری

The Complete Dive Into Bitget Stocks 2.0 and Its Comprehensive Approach to U.S. Equities

In January 2026, Bitget announced that spot trading volume for stock tokens had surpassed $1 billion, capturing approximately 89% of global market share among Ondo-issued tokenized stock tokens. The trend has also extended into derivatives. According to TokenInsights Q1 2026 Derivatives Market Report, Bitget ranked second globally in stock perpetual contracts, with a 22.61% market share.  These figures matter because they show that demand for stock-linked crypto products is no longer limited to early adopters. Users are looking for ways to access equity markets through the same tools, balances, and interfaces they already use for digital assets. Bitget ranks among the first major crypto exchanges to support tokenized equities at scale, helping establish it as a go-to venue for users seeking stock exposure inside a crypto-native trading environment.  Stocks 2.0 builds on that position by expanding Bitgets equity ecosystem beyond tokenized exposure alone. The upgrade brings together rTokens, which provide tokenized U.S. equity exposure through Reality, and Stock+, which allows eligible users to purchase real U.S. stocks through U.S.-licensed brokers using USDC. With U.S. stock options now being added to Stock+, Bitget is extending that ecosystem from stock access into more flexible trading strategies around market direction, earnings events, and portfolio positioning.  This

07-13انڈسٹری

XRP Victory Day marks 3 years since Ripples SEC lawsuit win

The XRP community is marking July 13 as “XRP Victory Day,” three years after Judge Analisa Torres issued a split summary judgment in the SECs case against Ripple.  The 2023 order rejected the regulators claim that every XRP transaction followed the same legal pattern. It also gave public exchange sales a different outcome from direct institutional deals. The SEC had accused Ripple and two executives of conducting unregistered securities offerings through years of XRP sales and distributions across several channels.  The court did not issue a blanket ruling that every future XRP sale falls outside securities law. Torres wrote that XRP, as a token, was not “in and of itself” an investment contract. She then examined how Ripple offered and sold the asset in separate transaction categories under the Howey test.  Exchange and institutional sales received different outcomes  Ripple‘s programmatic sales on exchanges did not qualify as investment contracts, the court found. Those trades used blind bid-and-ask systems. Buyers did not know whether Ripple or another holder sold the XRP. The record therefore failed to show that those buyers reasonably expected profits from Ripple’s work.  The decision went the other way for about $728.9 million in institutional sales. Ripple sold those tokens through written agreements

07-13انڈسٹری

Japans SBI partners with Solana on stablecoins, RWAs, payments

SBI Holdings and the Solana Foundation have formed a strategic partnership to develop an onchain financial market based in Japan.  Under the agreement, the foundation will join SBI R3 Japan alongside SBI and Sumitomo Mitsui Financial Group, one of Japans major banking groups. The company plans to change its name to SBI Solana Global, subject to the required corporate process. The partners announced the arrangement on July 13.  The venture will use Solana as its main blockchain infrastructure. SBI said the project will connect Japans financial assets, regulated institutions and legal framework with international blockchain markets.  The group said it aims to make Japan “a core hub for onchain finance in Asia.” That remains a business target. The announcement did not provide revenue forecasts, launch volumes or client commitments. It also did not say whether the renamed company will end any existing Corda-related work.  Stablecoins and tokenized assets lead the plan  SBI Solana Global plans to support the issuance and distribution of yen stablecoins, including JPYSC. It will also work on tokenized corporate bonds, commercial paper, investment funds and real estate.  The company aims to provide one system for issuance, distribution and settlement rather than offering blockchain technology alone. This structure could allow issuers to manage

07-13انڈسٹری

Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market.  Tethers USDT fell from $78 billion to $65 billion between March and November 2022. For USDC, the downtrend took much longer to play out, falling from $55 billion in July 2022 to below $24 billion by November 2023, exacerbated by its banking partner Silicon Valley Banks collapse in 2023 March.  The implosion of TerraUSD, the algorithmic stablecoin of the Terra-Luna crypto project, also wiped out $18 billion from the stablecoin market.  The current decline is only a temporary setback in a long-term uptrend, one analyst said.  “The recent decline in stablecoin market cap represents a relatively small pullback in what we believe is a long-term growth market,” said Paul Howard, senior director at trading firm Wincent.  “Short-term fluctuations in liquidity are normal, but they dont change our view that stablecoins will continue to play an increasingly important role in the digital asset ecosystem,” he added.  Increasing stablecoin competition  Looking beyond the headline decline, the trend appears more nuanced.  Part of the slowdown reflects a changing competitive landscape. As stablecoins

07-13انڈسٹری
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