⚡️ CrawlHub · Markets · 12h Brief Aug 04 US stocks surged to new all-time highs, with the S&P 500 closing above 7,700 for the first time, adding $1.2 trillion in market cap. This rally was fueled by strong corporate earnings and optimism surrounding a potential US-Iran deal to reopen the Strait of Hormuz. 🌍 S&P 500 Hits Record Highs The S&P 500 closed at a new all-time high of 7,736, adding $1.2 trillion in market cap. This pushed the index's total valuation above $70 trillion for the first time in history. 🚀 SpaceX Earnings and Nvidia Partnership SpaceX beat Q2 revenue expectations, reporting $7.8 billion against $6.81 billion expected, with Starlink hitting 12 million subscribers. The company also announced a partnership with Nvidia to design its Starmind AI-1 satellite payload, utilizing Nvidia’s Rubin GPUs and Vera CPUs. 🏛 CLARITY Act Stalls in Senate The CLARITY Act was not included on the Senate's Tuesday schedule, leaving only three days before the August recess for its passage. Senators and industry leaders, including Coinbase CEO Brian Armstrong, urged immediate action, emphasizing the need for clear crypto regulations. 💸 Polymarket Seeks $20B Valuation Prediction market platform Polymarket is reportedly in talks for a new funding round that would value the company above $20 billion, up from $15 billion four months prior. Its annualized revenue has surpassed $1 billion. 🚨 OpenAI Fined for Hiring Practices The U.S. government reached a $3.2 million settlement with OpenAI over allegations of discriminating against American applicants and favoring temporary foreign visa holders in hiring. 🇺🇸 Tokenized US Stocks Launch Dinari launched tokenized trading for 724 US stocks, including the full S&P 500, for eligible US investors using USDC through self-custody wallets on Ethereum, Arbitrum, Base, and Avalanche. Circle partnered with Dinari to facilitate USDC integration. ⚠️ Coldcard Hack Losses Exceed $100M Losses from the Coldcard hack now exceed $100 million, with over 1,500 $BTC stolen from approximately 7,300 addresses by at least 15 different attackers. A firmware flaw from 2021 left Coldcard seeds guessable. 💸 BlackRock Tokenizes European Money Market Funds BlackRock tokenized 12 new share classes across six European money market funds, worth a combined $311 billion, minted on Ethereum via JPMorgan's Kinexys. 🇺🇸 Wells Fargo Launches Tokenized Deposits Wells Fargo, the third-largest bank in America, will launch tokenized deposits for corporate clients this fall. This move, alongside JPMorgan and Citigroup, brings nearly $10 trillion in combined banking assets into blockchain-based payments. Your edge in an open world: thecrawlhub.com
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