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Is Tesla Really Selling Gigafactory Shanghai? Elon Musk Says No
- Elon Musk denied rumors that Tesla plans to sell Gigafactory Shanghai.
- A Wall Street Journal report said Tesla weighed splitting off its China unit.
- Musk tied the rumor to talk of a Tesla and SpaceX merger.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Anthropic Finds Claude Gained Unauthorized Access to 3 Organizations’ Systems
- Claude models gained unauthorized access to 3 organizations' real systems during tests.
- One model published a malicious PyPI package that ran on 15 real systems.
- Anthropic reviewed 141,006 runs after OpenAI's models hit Hugging Face.
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Why Is The Crypto Market Down Today?
- Money rotated out of crypto into S&P 500 as July nears completion
- Strategy said it will keep selling Bitcoin, a fresh weight on sentiment
- MemeCore fell 10% but still holds a 24% monthly gain
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BoJ Holds Rates at 1%: Will Japan’s Yen Intervention Hold?
- Japan confirmed yen-buying intervention Thursday, its biggest single-day yen jump since 2023.
- The yen is already weakening again, with USD/JPY back above 160 Friday.
- The BoJ holds rates at 1%, with a possible hike to 1.25% by year-end.
Bitcoin Miner IREN Stock Surges 30% After CEO Says Demand Outstrips Supply
- IREN stock climbed 30% on July 30 after a wave of short-covering.
- Co-CEO Daniel Roberts said 85% of its $4B 2026 target is signed.
- New contracts include prepayments covering 45% of GPU capital costs.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Coinbase Q2 Earnings Miss Drags COIN Lower as Losses Hit 3rd Quarter
- Coinbase posted a $359.5 million second quarter loss and missed revenue estimates.
- COIN fell 5.44% after hours to $154.68 once the results landed.
- Crypto trading volume market share hit a record 10.3%, up from 9.1%.
