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AMD Earnings Beat Estimates and Stock Falls 8%: Was the Bar Too High?
- AMD beat Q2 revenue, EPS, and margin estimates, then fell 8% after hours.
- Data Center revenue doubled to $6.7 billion, or 58% of total company sales.
- Q3 guidance of $13 billion met a stock already up 140% this year.
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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.
Amazon’s $3 Trillion Record Lasts One Day as Stock Takes Big Hit
- Jeff Bezos filed to sell 15 million Amazon shares for $4.07 billion.
- He priced the sale off Friday's close, not Monday's record high.
- AMZN fell 2.33% Tuesday after Amazon first topped $3 trillion Monday.
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A New Ethereum Proposal Could Halve Staking Rewards: Who Feels It First?
- A new draft plan would shrink ETH staking rewards, then switch them off.
- Rewards would fall from about 2.6% a year to 1.1% over 18 months.
- BeInCrypto maths shows Lido keeps gaining until 49 million ETH is staked.
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After Leaked Buy Yen Note, Bessent Explains U.S. Move to Save Japanese Currency
- Bessent says the US bought yen because the currency had fallen too far.
- He warns a weak yen could drag other Asian currencies down with it.
- The dollar has already won back more than two yen since the intervention.
Italy’s Largest Bank Cuts BlackRock Bitcoin ETF Stake 94%: Rotation to Ethereum?
- Intesa Sanpaolo cut its IBIT stake 93.7% to 40,723 shares last quarter.
- The bank tripled its iShares Staked Ethereum Trust holding and opened a 500,000-share put.
- Jane Street made a similar shift as Bitcoin ETFs bled a record $4.5 billion in June.
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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.
Solana Investor Appetite Drives 78% Share of Pre-IPO Tokens
- PreStocks on Solana controls 78% of pre-IPO OpenAI and Anthropic token volume.
- The platform logged $414.7 million in cumulative volume since September 2025.
- Rival Ventuals closed its Hyperliquid markets on June 15 after 21% share.
