📚 ABC CRYPTO Wednesday Morning News Brief 🚨
GM to the fearless — the builders, the believers, and the bold. ☕️
TODAYS TOP HEADLINES 🗞️
🇺🇸 Trump pushes GENIUS Act to House floor — A pivotal stablecoin bill gets a vote today, kicking off what Trump is calling “Crypto Week” for U.S. financial reform.
⚖️ GOP flips after Trump intervention — House Republicans unite on crypto legislation after Trump brokered backroom deal to revive stalled bills.
📉 U.S. futures mixed — Investors digest earnings from Morgan Stanley & Goldman as chip stocks sink on ASF 2026 guidance & tariff fears.
💵 Dollar dips — Greenback weakens ahead of Powell’s testimony as tariff risk and global easing weigh on demand.
🚗 Tech under pressure — Nvidia, AMD slide on chip slowdown fears; Tesla slightly red as Musk’s policy feud with Trump reignites.
⚔️ 🔥 Musk vs Trump: Epstein & EV faceoff — Musk demands full release of Epstein files, triggering fresh clashes over subsidies & foreign policy.
🌐 U.S.–China escalation — Beijing cuts rates to counter new U.S. tariff threats, signaling deeper economic war ahead.
🏦 Goldman enforces loyalty oaths — Bank requires quarterly certs from junior staff swearing off job hunting amid Wall Street brain drain.
🌏 Taiwan drills intensify — 22,000 troops simulate metro invasions in Han Kuang exercises through July 25.
🇮🇱 Bennett slams Epstein rumors — Ex-Israeli PM calls Mossad-Epstein claims “total lies,” as speculation goes global.
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💱 CRYPTO & BLOCKCHAIN
🟠 ETH leads rally — Ethereum pops 6% to $3,100, outperforming majors as BTC holds firm at $118K.
🟣 House votes on GENIUS & CLARITY Acts today — Stablecoin & crypto market bills could reshape U.S. regulation if passed.
🏦 Cantor Fitzgerald closing in on $4B SPAC — Partnering with OG BTC whale Adam Back, aiming to reshape public crypto finance landscape.
🟢 PUMP surges 15% — Now at $6.7B market cap after $30M in token buybacks spark Solana memecoin euphoria.
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🪙 BREAKING: Apple invests $500M in U.S. rare-earth mine to support Trump’s domestic tech push and reduce reliance on China.
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✈️ Ukraine ramps up drone strikes — Deep incursions reported near Belgorod as tensions reach boiling point.
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🔍 WHAT TO WATCH TODAY
• 🗣 Powell’s testimony: Market watch for rate guidance
• ⚖️ GENIUS & CLARITY votes in House
• ⚔️ Musk–Trump feud continues to heat
• 🌐 U.S.–China tariff tensions / trade war fallout
• 🏦 SPAC alert: Cantor x Adam Back deal
• 🏦 JPMorgan’s stablecoin token rollout follow-up
• 🔥 Taiwan’s urban invasion drills intensify
• 🇮🇱 Will new Epstein developments surface?
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Have an epic Wednesday ❤️🔥
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