Day: July 22, 2025

QS Stock Rebounds 20% Off Lows As Hype Returns Pre-Q2 Earnings

Posted on by Skerdian Meta

After a blistering month-long rally, QuantumScape’s stock saw a sharp correction—only to explode higher again today as investors doubled down ahead of tomorrow’s earnings and a potential breakthrough in solid-state battery production. Continue reading “QS Stock Rebounds 20% Off Lows As Hype Returns Pre-Q2 Earnings” →

Robotaxi Hype Revs Up Tesla: Earnings Preview, TSLA Stock Rebound, What Is Next?

Posted on by Skerdian Meta

As Tesla heads into its second-quarter earnings report, the electric vehicle giant is rallying hard off support despite weak delivery numbers — with investors firmly fixated on a bigger story: autonomy and the robotaxi revolution. Continue reading “Robotaxi Hype Revs Up Tesla: Earnings Preview, TSLA Stock Rebound, What Is Next?” →

TON Wallet Goes Live in the U.S. via Telegram

Posted on by Olumide Adesina

Telegram launched its TON Wallet in the United States, marking a significant milestone in the integration of self-custodial cryptocurrency tools into mainstream communication platforms. Developed by The Open Network (TON), this wallet allows Telegram users to manage stablecoins and digital assets directly within the messaging app, without the need for additional software or memorizing seed phrases.

 

The platform is positioned as a key player in expanding cryptocurrency adoption, with TON Wallet embedded in Telegram’s interface. It leverages its large user base to bridge the gap between everyday communication and decentralized finance (DeFi). Users can easily send stablecoins, exchange tokens, and manage digital assets without an extra software.

The wallet utilizes a split-key backup system that encrypts recovery credentials linked to the Telegram account and the user’s email address. This new design eliminates the need for browser extensions or external verification steps, which Telegram CEO Andrew Rogozov views as a way to minimize friction in crypto transactions.

The US launch follows years of regulatory uncertainty that delayed the wallet’s regional release. Changes in the crypto regulatory environment over the past year, including the Securities and Exchange Commission’s (SEC) reduced enforcement focus, have made the climate more favorable for innovation, according to Rogozov.

The timing also coincides with the increasing engagement of U.S. Telegram users, especially among current cryptocurrency enthusiasts.

The TON Wallet’s partnership with MoonPay further boosts its appeal by enabling zero-fee crypto purchases and debit card integrations. Since 2024, over 100 million wallet activations have been recorded worldwide, showing strong early adoption outside the US. Telegram avoids direct regulatory issues while offering users easy access to the crypto ecosystem by outsourcing compliance-sensitive functions to external providers.s

Cardano: Apple Embraces Seamless ADA Integration

Posted on by Olumide Adesina

Cardano is set to be integrated with Apple products through CardanoKit, an open-source library developed by Tokeo. Fully native to iOS, tvOS, and watchOS platforms, this new library has been built using Swift.

CardanoKit is expected to significantly enhance app development for Apple devices upon its launch in the coming weeks. Developers will be able to incorporate $ADA into their applications for various functionalities, including wallets, payments, and other Web3 features. Additionally, users will find it easier to purchase $ADA directly from their iPhones thanks to the integration with Apple Pay.

This advancement lowers the barriers for users accessing the Cardano blockchain and aligns seamlessly with Apple’s user experience. As a result, many new users unfamiliar with cryptocurrency may be attracted to the simplicity of well-known applications.

Charles Hoskinson, the founder of Cardano, has stated that companies like Apple, Google, and Amazon are likely to become more involved in the cryptocurrency space as regulations become clearer. This trend is further emphasized by the Cardano Foundation’s launch of Veridian, an open-source digital identity wallet.

Similar to Apple’s focus on user privacy, Veridian, available on both iOS and Android, highlights user control over digital identity and privacy.

The platform is anticipated to experience increased adoption as CardanoKit integrates $ADA with Apple’s ecosystem. This connection offers developers enhanced options, improves user experience, and could potentially ignite a host of innovative applications within the Cardano ecosystem.

Nvidia Makes Bold Moves to Keep Its Market Capitalization Moving

Posted on by Timothy St. John

Nvidia (NVDA) might not have peaked yet. The company with the world’s largest market capitalization looks like it is pressing toward $5 trillion with some recent moves.

Nvidia is preparing for huge profits from the Chinese markets.
Nvidia is preparing for huge profits from the Chinese markets.

Nvidia is definitely benefitting from open access to China now that the United States has dropped restrictions on selling AI components to its trade partner and rival. For years, the United States government restricted the selling of certain high end AI components to China in a bid to keep the AI-tech war in the U.S.’ favor. Now that the ban is old news, Nvidia can enjoy free trade with what may prove to be its most profitable market.

Before the ban was dropped, Nvidia was selling lower end AI components to China and then paying fines to sell the higher end ones. They feared a cheaper alternative from their competitors being offered in China, but that may not be a problem anymore. Now, Nvidia can set their own price and not worry about the extreme fines they were being subjected to in that market.

Nvidia Changes Things Up

There are a few big changes happening with Nvidia as they seek to keep gaining more market share and increasing earnings from quarter to quarter. Nvidia surprised investors with their last quarterly earnings report, and they have set their sights on increasing revenue for the current quarter. As a result, TheStreet Pro raised their stock price guidance for Nvidia, moving it from 4185 to $200.

Some of that will come from China now that Nvidia can focus more there. In 2024, Nvidia brought in 13% from its revenue from China. The rapidly growing AI market there is going to be a big money maker for Nvidia now the tit can sell its highest end chips there unimpeded.

Nvidia’s own CUDA computing platform will be making its way to RISC-V, which enables consumers to build their own CPU using open source architecture. If anyone can use Nvidia software to build a custom computing system without the need for a license. If Nvidia can avoid having to pay for ARM licensing like it currently is, the company can save a lot of money and help out their profits for the coming months.

Nvidia’s stock price dropped 2.16% on Tuesday to $167.69. Overall, it is well above its average for the month and has been growing through much of July.

 

 

 

 

Cryptocurrencies Drop Up to 7% as Bitcoin Holds Near $118,000

Posted on by Ignacio Teson

Bitcoin remains above $118,000 despite a slight retreat, while Ethereum adjusts after a strong weekly rally.

Profit-taking comes amid political and monetary signals that continue to support institutional interest in crypto assets, as markets await clarity on Fed rate policy and benefit from increased regulatory backing in the U.S.

The cryptocurrency market is undergoing a broad correction on Tuesday, following a week of sustained gains and renewed institutional interest. Bitcoin (BTC) is down roughly 0.2%, according to Binance, but remains above $118,000. Ethereum (ETH) is down 4.41% after a 20% gain over the past week, trading near $3,600. Meanwhile, altcoins are seeing losses of up to 7%, led by Hyperliquid, Hedera (-6.2%), and Stellar (-5.9%).

[[]BTC/USD-graph]]

Expected Cooldown After Sharp Rally

Market analysts are downplaying the pullback. “It’s a technical pause after a steep, uninterrupted rally. It doesn’t change the underlying bullish trend,” various research firms noted.

Indeed, spot bitcoin ETFs recorded their first session of net outflows after twelve straight days of inflows, while ethereum ETFs marked their twelfth consecutive day of positive flows—highlighting sustained institutional interest in crypto, especially amid the current regulatory and monetary environment.

Political and Monetary Signals Fuel Optimism

Major political and financial players are also adding to the bullish sentiment. On Monday, Trump Media, the social media company tied to former President Donald Trump, announced a $2 billion investment in bitcoin—reaffirming its pro-crypto stance. The move revived speculation that a pro-crypto administration could extend the bull cycle beyond typical historical patterns.

At the same time, the U.S. House of Representatives is advancing favorable legislation for the crypto ecosystem, including the GENIUS Act for stablecoins. In a symbolic shift, JPMorgan Chase CEO Jamie Dimon—who famously called bitcoin a “fraud” in 2017—recently acknowledged that investors should have the right to trade crypto. The bank is reportedly considering offering BTC- and ETH-backed loans, according to the Financial Times.

What to Expect from the Fed

Another key driver of crypto enthusiasm is a potential shift in Federal Reserve policy. U.S. inflation has cooled more than expected, prompting speculation that a rate-cutting cycle could begin between September and December. Goldman Sachs is forecasting three cuts of 25 basis points each—provided inflation doesn’t rebound.

Looser monetary policy tends to benefit risk assets, including cryptocurrencies, which have historically rallied during periods of monetary expansion.

Wells Fargo and BlackRock Severely Limit Employee Work in China

Posted on by Timothy St. John

Both BlackRock (BLK) and Wells Fargo (WFC) are changing how they operate in China, with strict limitations placed on their employees there after China restricts what they can do.

Wells Fargo is trying to get one of its employees back from China.
Wells Fargo is trying to get one of its employees back from China.

In a case of what looks like big companies responding to China firing the first shots, Wells Fargo is slowing down employee travel to China and BlackRock has banned its employees in China from using laptops. This is the latest development in an ongoing silent war between China and companies that operate within their borders but are not local businesses.

In 2021, BlackRock started to change how it communicated and used data after China increased their data regulations. Companies like BlackRock have been finding alternatives to international calls and conferences, instead opting for local data centers, compartmentalized operations, and simply paying sky-high fees to stay in business in the lucrative Chinese market. These companies do not want to lose their Chinese customers, but they also do not want to face exorbitant fines and hindrances to their international movement.

BlackRock Responds

BlackRock made a move recently to completely restrict its employees in China from using laptops, iPads, iPhones, and VPNs within the country. They sent out a memo that took effect last week effectively changing up their communication methods for China. Now, their travelling employees use temporary phones that are loaned out to them. If they are travelling to China, they cannot access BlackRock systems.

This has greatly hindered their effectiveness in the country, and it could affect their ability to retain a presence there. Since China has increased data regulation, even limiting how data can be moved from one country to another through basic communication methods, many companies have made major changes to accommodate the new legislation. These restrictions make very simple business transactions much more complicated and make companies like BlackRock feel like their data is not secure.

Wells Fargo Limited Travel

Wells Fargo is taking action in recent days as well, requiring its employees to hold off from visiting China for now. This change has occurred after one of their senior bankers was held in the country. This happened at the same time that an employee from the U.S. Commerce Department was prohibited from leaving the country.

What companies have taken away from these incidents is that moving across China’s borders freely is not something that they can always expect. Since April, the Commerce Department employee has been detained in China despite ongoing efforts from the United States government to have him returned.

At this time, the United States government is urging its citizens to be careful about travel to China, as they may face unexpected restrictions and delays in leaving. Because China has no law permitting dual citizenship, U.S. citizens living abroad in China can face harsh scrutiny.