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According to Hana Securities analysis on July 22, rapid AI-driven labor replacement could significantly reduce personal income tax revenue, the largest source of U.S. federal government income, creating potential fiscal instability. The securities firm noted that as AI technology accelerates labor displacement, declining tax collection could exacerbate the nation's fiscal deficit concerns.

According to reports seen by the Wall Street Journal, the Trump administration plans to redirect approximately $200 billion in annual federal research funding toward individual scientists and artificial intelligence applications, moving away from direct university funding. Guidelines from the White House Office of Science and Technology Policy are expected to be released on Tuesday (July 22), influencing federal spending throughout the remainder of Trump's term. The administration will prioritiz

Arcus, a decentralized exchange backed by Robinhood Crypto and built by the dYdX team, has launched tokenized stocks and perpetual futures on Robinhood Chain, expanding beyond spot markets after the chain went live on July 1. The platform now offers more than 95 stock tokens covering major U.S. companies including Nvidia, Tesla, Apple, Microsoft, Meta, Google and Amazon, alongside perpetual markets for equities, ETFs, commodities, indexes and crypto assets. Users can access the self-custodial tr

Galaxy has launched the Bitcoin Quantum Readiness Initiative, committing up to $5 million in grants for developers and researchers working on post-quantum cryptographic tools for Bitcoin. The program includes grant funding, a research program, and an advisory council made up of quantum computing and cryptography experts. Funding will be awarded to projects developing quantum-resistant transaction proposals, post-quantum signature schemes, wallet migration tools, and security audits of proposed i

According to MarketWatch, memory and chip stocks surged on Tuesday (July 21), with Micron Technology jumping 12.2%, SanDisk rising 14.4%, and SK Hynix ADR climbing 13.8%. Western Digital gained 12.5% and Seagate Technology advanced 11.1%. The Philadelphia Semiconductor Index rose 5.2%, marking its best single-day performance in weeks. The rally came as investors reassess the threat posed by China's open-source AI models, particularly Moonshot AI's Kimi K3. Bank of America analyst Vivek Arya note

According to Joongang, SK Hynix is negotiating to acquire Intel's semiconductor manufacturing facility in Ohio. The deal details and timeline were not disclosed.

According to congressional testimony on July 15, the Federal Reserve still lacked access to Anthropic's Claude Mythos AI model even as it was deployed to roughly 50 organizations for cybersecurity vulnerability assessments. Chairman Kevin Warsh told the Senate Banking Committee that the Fed had been requesting access to Mythos and other cutting-edge AI models to help protect the nation's financial system. The situation stemmed from an April meeting where Federal Reserve officials and Treasury Se

According to CNBC and Reuters, JP Morgan Chase CEO Jamie Dimon warned on July 20 that financial markets are overly optimistic about geopolitical risks and potential U.S. fiscal deterioration. Dimon stated he would not personally purchase long-term U.S. Treasury bonds or stock market indices at current prices, citing these overlooked risks.

According to Citi's latest report, the "Magnificent Seven" technology stocks are no longer a suitable framework for evaluating large-cap growth momentum, and the firm is shifting focus to a broader "Growth Cohort" spanning six industries. The Magnificent Seven ETF (MAGS-US) has gained only 1% year-to-date in 2026, significantly trailing the S&P 500's 9% advance. Citi's Growth Cohort, representing about half the S&P 500's market capitalization, is projected to contribute approximately 48% of the

A U.S. lawmaker sent a letter to SEC Chair Paul Atkins on Monday urging the agency to review Truth Social's planned Truth API product before its August 1 debut and assess whether it raises securities law, market manipulation, or investor protection concerns. The API, developed by TMTG, will provide real-time access to trending content and is slated to charge customers up to $100,000 per month, according to Axios and Reuters. Torres highlighted that the company is substantially owned by the sitti

According to Rossiyskaya Gazeta, Russia's Duma passed Bill No. 1194918-8 on July 21, sending the landmark crypto legislation to President Vladimir Putin for signature. The Bank of Russia will license five categories of market participants—exchanges, brokers, custodians, management companies, and exchangers—with full enforcement by July 1, 2027. Core provisions take effect September 1, 2026, alongside Russia's digital ruble rollout. Non-qualified retail investors can purchase up to 300,000 rubles

According to ICE Futures, Brent crude for September delivery rose 1.79 dollars to 91.01 per barrel on July 21 (local time), marking a 2.01% gain. The surge follows escalating military tensions between the U.S. and Iran, alongside threats from Yemen's Houthi forces to disrupt Red Sea shipping.

According to CME FedWatch, the Federal Reserve has a 74.9% probability of maintaining interest rates at the July meeting on July 22, with a 25.1% probability of a 25-basis-point rate hike. For the September meeting, the Fed has a 28.9% probability of holding rates steady, a 55.7% probability of a 25-basis-point hike, and a 15.4% probability of a 50-basis-point increase.

According to veteran markets commentator Clem Chambers in an interview with Kitco News, gold is likely to bottom near $3,500 an ounce, with silver settling between $40 and $50, before the metals begin their next upward move. Chambers, founder of financial website ADVFN, noted that gold has already slid to around $4,000 from a January record near $5,600, while silver has fallen more than 50% from its peak above $120 earlier this year. He plans to start buying the metals again before the end of 20

The iShares Silver Trust, the world's largest silver ETF, saw holdings decrease by 8.44 tonnes compared to the previous day, bringing total holdings to 15,044.45 tonnes, according to the latest data.

According to Carl Kennedy, a partner at New York law firm Katten Muchin Rosenman, the CFTC is likely too "short-staffed" to effectively regulate prediction market platforms like Kalshi and Polymarket. Speaking at a Tuesday hearing held by the US House Committee on Agriculture's Subcommittee on Commodity Markets, Digital Assets, and Rural Development, Kennedy said the Digital Asset Market Clarity (CLARITY) Act under consideration in the US Senate could grant the commodities regulator additional a

Vale reported second-quarter iron ore production of 84.26 million tonnes, exceeding analyst expectations of 83.84 million tonnes. Iron ore sales reached 69.95 million tonnes compared to the expected 69.54 million tonnes. Nickel production for the quarter was 42,000 tonnes.

Canada canceled a cross-border bridge celebration event on July 21 following the Trump administration's announcement of new tariffs on Canadian imports. The cancellation marks a direct response to the tariff policy, escalating tensions between the two neighboring countries.

According to COMEX data, August gold futures (GCQ6) rose $70.80, or 1.76%, to $4,086.70 per troy ounce as of 3:01 p.m. ET on July 21, breaking above the $4,000 support level. The surge reflects sustained safe-haven demand amid escalating U.S.-Iran military tensions now in their tenth consecutive day. President Trump stated that while Iran reportedly seeks ceasefire negotiations, he has no interest in talks until Iran demonstrates meaningful preparation. The gold market has confirmed strong suppo

According to Bloomberg data, a carry trade strategy of borrowing euros to purchase a basket of emerging market currencies—Brazilian reals, Colombian pesos, and Turkish liras—has surged 18% year-to-date as of last week, marking the largest annual gain since 2005. The strategy is being actively promoted by strategists at Citigroup and other major banks.