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Share link:In this post: Tesla’s sales, profits, and stock have dropped, with analysts citing weak demand and rising competition from China. Musk remains optimistic, touting future robotaxi services and Tesla’s AI as superior. Tesla faces growing pressure from rivals like Waymo, which is expanding faster and already generating revenue from autonomous ride services.
Share link:In this post: Trump now holds a golden share in U.S. Steel, giving him direct veto power over company decisions. The Pentagon bought a $400 million stake in MP Materials, marking its first equity move in mining. Trump proposed taking a 50% stake in TikTok and may expand investments in strategic industries.
Share link:In this post: The U.S. has set a 15% minimum tariff on imports, and higher rates will follow if trade deals aren’t made. Companies warn of cost hikes, with some already raising prices or suing. Economists predict rising prices on goods like clothing, electronics, and shoes.
Quick Take This is an excerpt from the 31st edition of The Funding sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
- 04:36Metaplanet acquires $54 million worth of Bitcoin, maintaining its position as the world's seventh largest holder with 17,595 BTCAccording to ChainCatcher, citing TheBlock, Metaplanet recently purchased $54 million worth of Bitcoin, bringing its total Bitcoin holdings to 17,595 BTC. Following this purchase, Metaplanet now ranks seventh globally in terms of Bitcoin holdings.
- 04:29USDe Circulation Surpasses 9.3 Billion, Reaching an All-Time HighAccording to official website data reported by Jinse Finance, the supply of USDe, the stablecoin issued by Ethena Labs, has exceeded 9.3 billion, currently standing at approximately 9,310,382,206 tokens—a record high and a surge of over 75% compared to the 5.31 billion issued one month ago.
- 04:16Data: The current Crypto Fear and Greed Index is 65, indicating a state of greedAccording to ChainCatcher, data from Coinglass shows that the current Crypto Fear & Greed Index stands at 65, up 13 points from yesterday. The 7-day average is 65, while the 30-day average is 70.