Ultime notizie per Cango (NYSE:CANG) Azioni

Cango

Cango Inc through its subsidiaries, variable interest entities (VIEs), and subsidiaries of the VIEs, are principally engaged in bitcoin mining business, and the automobile trading transaction, automotive financing facilitation, and aftermarket service facilitation businesses (collectively, the automobile and related businesses). The Company conducts the bitcoin mining business mainly through its subsidiaries, and the automobile and related businesses are conducted through the Company's VIEs and the subsidiaries of the VIEs. The company derives majority of its revenue from the bitcoin mining business.

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Analisi dei titoli consumer ipercomprati da monitorare e vendere durante questo trimestre. Scopri quali sono.

3 azioni consumer ipercomprate da scaricare questo trimestre

Future Fund LLC's managing director, Gary Black, thinks Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is best positioned to benefit from the adoption of autonomous driving technologies.
Check out the current price of <a href="https://benzinga.com/quote/uber">UBER stock here</a>.
What Happened: The investor took to X on Tuesday to share his thoughts on Uber.
"Uber is best positioned to benefit from the adoption of unsupervised autonomy," the investor said in his post. He also added that autonomous driving would benefit the company by eliminating "the cost of the driver" from Uber's business model.
The investor also said that the move would "greatly expand" Uber's Total Addressable Market or TAM.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> is best positioned to benefit from the adoption of unsupervised autonomy as the cost of the driver is eliminated from UBER's cost structure, which will greatly expand its TAM.
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1942798544328446397?ref_src=twsrc%5Etfw">July 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Black's views are in stark contrast to views held by experts like Gerber Kawasaki's co-founder Ross Gerber, who recently said that Uber would be <a href="https://www.benzinga.com/markets/tech/25/07/46289054/uber-is-going-to-get-eaten-alive-by-robotaxis-says-ross-gerber-as-autonomous-driving-gathers-steam">"eaten alive" by Robotaxis</a>.
Uber had partnered up with Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) robotaxi service Waymo to expand <a href="https://www.benzinga.com/markets/tech/25/06/46087567/uber-nears-all-time-high-as-waymo-partnership-expands-to-atlanta-gary-black-calls-it-low-risk-while-tesla-lags-in-supervised-autonomy">its services in Atlanta</a>.
The company also <a href="https://www.benzinga.com/markets/large-cap/25/06/45855580/uber-softbank-backed-wayve-to-test-self-driving-cars-on-public-roads-in-uk">recently invested </a>in autonomous driving company Wayve, which is backed by Japan's SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>).
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="207" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09031731/UBER-1024x207.jpg" alt="" class="wp-image-977791" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09031731/UBER-1024x207.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09031731/UBER-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09031731/UBER-768x155.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09031731/UBER-1536x311.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09031731/UBER.jpg 1563w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Uber scores well on Momentum and Growth metrics while offering satisfactory Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46030504/uber-expands-ai-services-countries-businesses-train-smarter-ai-agents">Uber Collected Tons Of User Data For Years, Will License It To 30 Countries For AI</a>&nbsp;</li>
</ul>
Photo courtesy: DenPhotos / Shutterstock.com

Tech

GOOG

GOOGL

SFTBF

UBER

Gary Black Thinks Uber Is 'Best Positioned' To Adopt Autonomous Driving As 'Cost Of The Driver Is Eliminated'

Esports World Cup Foundation Taps TKO-Owned IMG To Launch 'EWC Spotlight,' Merging Competitive Gaming, Entertainment And Global Broadcast Innovation

The latest twist in U.S. trade policy, marked by the Donald Trump administration sending 14 <a href="https://www.benzinga.com/news/politics/25/07/46311776/trumps-trade-storm-is-coming-morning-drop-hits-7-nations-more-to-follow">letters outlining tariff levels</a> to its trading partners, has elicited three distinct, yet converging, reactions from key stakeholders, according to senior economist Mohamed El-Erian.
What Happened: While financial markets have displayed surprising calm, the corporate world expresses growing unease, and economists offer a broader, more nuanced perspective, explains El Erian in a <a href="https://substack.com/home/post/p-167817797">Substack</a> post.
This divergence in immediate perception ultimately leads to a singular, undeniable conclusion: &#8220;all three suggest the continuation of an unusually high level of uncertainty and volatility in the months ahead.&#8221;
<h2 class="wp-block-heading">Financial Market&#8217;s Relative Calm</h2>
Financial markets, despite the explicit mention of tariffs, have remained relatively unperturbed, a stark contrast to the turbulence witnessed after previous tariff announcements.
This comes as &#8220;Some speculate about more delays to the new (Aug. 1) deadline, thereby pushing tariffs far off,&#8221; said El Erian. Additionally, the hope for new trade deals and a belief in the U.S. economy&#8217;s resilience, reinforced by minimal inflation impact thus far, have also kept the market calm.
<h2 class="wp-block-heading">Corporate World&#8217;s Unease</h2>
However, this market calm is not shared by the corporate sector. Business leaders are increasingly anxious, finding the persistent tariff uncertainty a significant impediment to crucial, multi-year investment decisions, particularly impacting supply chain strategies.
Their urgent plea is for clarity and consistency to guide these long-term choices.
<h2 class="wp-block-heading">Economists&#8217; Broader Lens</h2>
Meanwhile, the economists, applying a broader lens to the situation, caution against an over-obsession with tariff uncertainty alone.
They highlight other powerful forces at play, including the economic effects of a major U.S. fiscal stimulus, the evolving deregulation outlook, and the diffusion of productivity-enhancing innovations.
These factors, alongside potential front-loading of corporate responses to incentives and creeping financial dominance by a politicized Federal Reserve, contribute to a complex economic landscape.
El Erian concludes that ultimately, despite their differing immediate interpretations, markets, businesses, and economists concur on the enduring reality of &#8220;high uncertainty&#8221; ahead.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46293440/tom-lee-loves-ethereum-but-is-solana-quietly-taking-over-this-expert-says-sol-will-outperform-eth-heres-more">Tom Lee Loves Ethereum, But Is Solana Quietly Taking Over? This Expert Says SOL Will &#8216;Outperform&#8217; ETH — Here&#8217;s More</a>
Why It Matters: President Trump announced sweeping <a href="https://www.benzinga.com/markets/equities/25/07/46281204/wall-street-today-trump-tariffs-japan-south-korea-stocks-drop">25% tariffs on all imports</a> from Japan and South Korea, and sent letters to a total of 14 countries, all posted on his Truth Social account, starting Aug. 1.
Japan&#8217;s Prime Minister Shigeru Ishiba voiced his <a href="https://www.benzinga.com/markets/economic-data/25/07/46288472/japans-prime-minister-criticizes-trumps-tariff-decision-shigeru-ishiba-calls-move-truly-regrettable">dissatisfaction with Trump's decision</a> to impose 25% tariffs on goods imported from the country, calling it "truly regrettable." 
Price Action: The market had a mixed reaction to this as it trimmed gains from record highs on Monday and ended on a mixed note on Tuesday.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, ended mixed on Tuesday. The SPY was down 0.055% at $620.34, while the QQQ advanced 0.056% to $552.34, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46271577/trumps-big-beautiful-bill-slashes-solar-incentives-cathie-woods-ark-says-nuclear-may-now-be-cheapest-option-oklo-smr-ltbr-and-other-stocks-in-focus">Trump&#8217;s Big Beautiful Bill Slashes Solar Incentives — Cathie Wood&#8217;s Ark Says Nuclear May Now Be Cheapest Option: OKLO, SMR, LTBR And Other Stocks In Focus</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

Trump's Tariff Letters Spark 'High Level Of Uncertainity And Volatility,' Says Economist Mohamed El-Erian

A federal judge ordered MyPillow founder Mike Lindell&#8216;s attorneys to pay $6,000 in fines for using artificial intelligence (AI) to prepare court documents containing nearly 30 defective citations, including references to nonexistent cases and misquotations.
What Happened: U.S. District Judge Nina Wang in Denver sanctioned attorneys Christopher Kachouroff and Jennifer DeMaster $3,000 each on Monday for filing an AI-generated motion on February 25 that violated court rules, <a href="https://www.usatoday.com/story/news/nation/2025/07/08/mike-lindell-attorneys-fined-artificial-intelligence/84505633007/">reported</a> USA Today. 
The motion responded to defamation claims by Eric Coomer, a former Dominion Voting Systems director, who accused Lindell of <a href="https://www.benzinga.com/news/24/09/40847627/mypillow-guy-mike-lindells-company-hit-with-a-lawsuit-by-dhl-over-unpaid-bills">spreading conspiracy theories about election rigging</a>.
The sanctions stem from a broader defamation case where Coomer sued Lindell and his companies, MyPillow and FrankSpeech, in May 2022. A federal jury ruled in Coomer&#8217;s favor on June 16, ordering Lindell to pay over $2 million in damages, significantly below the $62.7 <a href="https://www.benzinga.com/cannabis/25/06/45713694/mypillow-guy-mike-lindell-reportedly-plans-to-testify-at-his-defamation-trial-i-have-nothing-to-hide-i-am-a-former-crack-addict">million Coomer requested</a>.
During a pretrial conference, Judge Wang questioned Kachouroff about citation errors in the filing. The attorney admitted using AI assistance, stating he &#8220;drafted a motion, and then we ran it through AI.&#8221; When asked if he verified citations after AI processing, Kachouroff responded: &#8220;I personally did not check it. I am responsible for it not being checked.&#8221;
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46312553/trump-thanks-ron-desantis-florida-lawmakers-for-renaming-4-mile-stretch-near-mar-a-lago-donald-j-trump-boulevard-calls-it-a-wonderful-honor">Trump Thanks Ron DeSantis, Florida Lawmakers for Renaming 4-Mile Stretch Near Mar-a-Lago &#8216;Donald J. Trump Boulevard,&#8217; Calls It a &#8216;Wonderful Honor&#8217;</a>
Why It Matters: Kachouroff claimed the error-laden motion was accidentally filed as a draft. However, Wang found the intended &#8220;final&#8221; version still contained substantive errors, some not present in the filed version. The judge determined the filing was not an inadvertent error based on &#8220;contradictory statements and the lack of corroborating evidence.&#8221;
&#8220;Neither Mr. Kachouroff nor Ms. DeMaster provided the Court any explanation as to how those citations appeared in any draft of the Opposition absent the use of generative artificial intelligence or gross carelessness by counsel,&#8221; Wang wrote.
Wang <a href="https://www.benzinga.com/news/24/08/40520207/mypillow-guy-mike-lindell-calls-his-mustache-less-dnc-visit-completely-successful-but-did-he-get-own">emphasized the sanctions represented</a> &#8220;the least severe sanction adequate to deter and punish defense counsel,&#8221; noting the court &#8220;derives no joy from sanctioning attorneys who appear before it.&#8221;
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46312219/microsoft-replit-team-up-to-bring-vibe-coding-to-enterprise-ai-agents-let-anyone-build-software-no-code-required">Microsoft, Replit Team Up To Bring &#8216;Vibe Coding&#8217; To Enterprise: AI Agents Let Anyone Build Software, &#8216;No Code Required&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors
Photo courtesy: Consolidated News Photos / Shutterstock.com

Legal

MyPillow CEO Mike Lindell's Lawyers Fined $6,000 For AI-Generated Court Filing Containing Nonexistent Case Citations

Pope Leo XIV added an unlikely footnote to papal history this month when he blessed a Pokémon card and autographed a second copy for a Danish pilgrim who produced the trading card during a July 5 audience at the Vatican.
What Happened: Reddit user "ReptileCake," <a href="https://kotaku.com/pope-leo-xiv-pokemon-card-autograph-popplio-meme-1851785788">told</a> Polygon he <a href="https://www.reddit.com/r/dankchristianmemes/comments/1lt1amc/a_man_got_his_popplio_pokemon_card_signed_by_pope/">handed</a> the pontiff a reverse-holographic Popplio, quipping, "It's a Popplio — it sounds like Pope Leo!"
"The Pope laughed, then began showing it off to the guards," the visitor said, before asking, "Can you sign a copy for me?" and hearing the Pope reply, "Of course!"
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
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<blockquote class="reddit-embed-bq" style="height:500px" ><a href="https://www.reddit.com/r/dankchristianmemes/comments/1lt1amc/a_man_got_his_popplio_pokemon_card_signed_by_pope/">A man got his POPPLIO pokemon card signed by Pope Leo XIV</a> by<a href="https://www.reddit.com/user/shilolz/">u/shilolz</a> in<a href="https://www.reddit.com/r/dankchristianmemes/">dankchristianmemes</a></blockquote>
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Images first posted on PokémonTCG migrated to gaming sites, Catholic social feeds, and outlets such as Sports Illustrated and Spain's MeriStation, making Leo XIV the first pontiff known to autograph a Pokémon card. Kotaku hailed the moment as "Holy Holo!" while PC Gamer <a href="https://www.pcgamer.com/games/the-pope-got-gifted-a-pokemon-card-signed-another-and-thought-it-was-all-a-great-laugh-he-began-showing-it-off-to-the-guards">reported</a> the 69-year-old pontiff "thought it was all a great laugh."
See also: <a href="https://www.benzinga.com/news/politics/25/07/46312553/trump-thanks-ron-desantis-florida-lawmakers-for-renaming-4-mile-stretch-near-mar-a-lago-donald-j-trump-boulevard-calls-it-a-wonderful-honor">Trump Thanks Ron DeSantis, Florida Lawmakers for Renaming 4-Mile Stretch Near Mar-a-Lago &#8216;Donald J. Trump Boulevard,&#8217; Calls It a &#8216;Wonderful Honor&#8217;</a>
Fans are debating whether the Popplio card blessed by the Pope qualifies as a third-class relic — a category the Vatican has yet to define. The owner vows to keep the card forever and never sell it. "That's worth more than any monetary value can satisfy," he notes.
Why It Matters: The stunt arrives amid a hot market for collectibles. A sealed 1999 first-edition Pokémon box <a href="https://www.benzinga.com/m-a/20/10/17968855/exclusive-trader-chris-camillo-sets-pok-mon-card-sales-record-with-375k-1st-edition-box-set-purchase">fetched $375,000</a> in 2020, part of a surge that has driven vintage prices skyward. Even so, ReptileCake refuses to send the Popplio to grading services. "I don't want to grade it, it's just a funny joke his Holiness indulged in," he tells Polygon.
Pope Leo XIV was selected to <a href="https://www.benzinga.com/25/05/45298795/who-is-new-pope-leo-xiv-francis-appointee-first-american-pope-has-supported-workers-rights">lead the church</a> in May this year after the death of Pope Francis in late April. Born Robert Francis Prevost, he described artificial intelligence as a <a href="https://www.benzinga.com/media/25/05/45342325/first-american-pope-leo-xiv-calls-artificial-intelligence-another-industrial-revolution">transformative force</a> in his first formal address to cardinals and even likened its impact to that of the Industrial Revolution.
Photo Courtesy: Veronica Winters on Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46312391/elizabeth-warren-asks-is-this-bribery-accuses-trump-of-a-secret-side-deal-for-millions-in-paramount-settlement">Elizabeth Warren Asks &#8216;Is This Bribery?&#8217; Accuses Trump Of A &#8216;Secret Side Deal&#8217; For Millions In Paramount Settlement</a></li>
</ul>

Gaming

General

Pope Leo XIV Adds Gaming Lore To Vatican History By Autographing A Reverse-Holo Popplio Pokémon Card For Pilgrim

Grove Collaborative Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NASDAQ">GROV</a>) experienced a surge of 21.37% in after-hours trading on Tuesday, following HumanCo Investments&#8217; suggestion for the company to consider a sale.
What Happened: After an investor from HumanCo Investments, an investment management firm specialised in health and wellness, sent a letter to the Grove Collaborative&#8217;s board, urging them to consider a sale, the stock of the environmentally friendly everyday essentials company saw a 21.37% increase in value in after-hours trading, reaching $1.42.
This news seems to have had an immediate impact on the company&#8217;s stock.
Why It Matters: This surge in stock value comes at a crucial time for Grove Collaborative Holdings — an online retailer that purveys eco-friendly and sustainable household goods. The company has been facing challenges in meeting the market cap and equity requirements of the New York Stock Exchange (NYSE). In May, the company <a href="https://www.benzinga.com/news/25/05/45476813/grove-collaborative-holdings-receives-nyse-non-compliance-notice-over-market-cap-equity-requirements">received a non-compliance notice</a> from the NYSE due to its failure to meet these requirements.
Moreover, Grove Collaborative Holdings recently amended its <a href="https://www.benzinga.com/news/25/07/46308467/grove-collaborative-holdings-amends-sepa-extends-to-august-2027-sepa-with-yorkville-for-100m-stock-s">Stock Exchange Purchase Agreement </a>(SEPA) and extended it to August 2027. The amendment involved a $100 million stock sale with Yorkville. The company&#8217;s stock value has been fluctuating in response to these developments.
The recent call for a sale by an investor has sparked further interest in the company&#8217;s future, leading to a surge in stock value. 
Price in Action: According to <a href="https://www.benzinga.com/quote/GROV">Benzinga Pro</a> data, Grove, after closing at $1.17, down 1.68% for the day, saw an uptick of 21.37% amounting to $1.42 during after-hours trading.
Benzinga's Edge Stock Rankings indicate negative trends across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Track the performance of other players</a> in this segment,.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="875" height="154" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09025151/Screenshot-2025-07-09-122136.png" alt="" class="wp-image-977755" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09025151/Screenshot-2025-07-09-122136.png 875w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09025151/Screenshot-2025-07-09-122136-300x53.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09025151/Screenshot-2025-07-09-122136-768x135.png 768w" sizes="(max-width: 875px) 100vw, 875px" /></a></figure>
Photo Courtesy: jamesteohart on Shutterstock.com
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46311509/democrats-are-just-salty-says-nayib-bukele-el-salvadors-president-laughs-at-senate-bill-calling-for-sanctions-on-his-bitcoin-friendly-nation">Democrats Are &#8216;Just Salty,&#8217; Says Nayib Bukele: El Salvador&#8217;s President Laughs At Senate Bill Calling For Sanctions On His Bitcoin-Friendly Nation &#8211; Benzinga</a></li>
</ul>

Equities

Health Care

Commodities

GROV

Grove Collaborative Surges 21% After-Hours After Investor Pushes For Company Sale

Economist Justin Wolfers pushed back against President Donald Trump&#8217;s 25% tariffs on Japan, despite the latter actively working towards a resolution on the matter.
What Happened: On Tuesday, in a post on X, Wolfers discussed Japan&#8217;s top trade negotiator&#8217;s recent travel to Washington D.C., where instead of engaging in high-level talks, the official was reportedly denied a meeting with U.S. Treasury Secretary Scott Bessent.
&#8220;He delayed his departure from the United States, hoping that the Treasury secretary would meet with Japan, one of the largest economies in the world,&#8221; Wolfers says, speaking with MSNBC, before eventually heading home since that failed to materialize. 
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46263813/trump-to-send-take-it-or-leave-it-tariff-letters-to-12-countries-on-monday-report">Trump to Send &#8216;Take It Or Leave It&#8217; Tariff Letters To 12 Countries On Monday: Report</a>
Wolfers further highlights that the Japanese envoy managed only two brief phone calls with Commerce Secretary Howard Lutnick but failed to gain access to U.S. decision-makers in government.
Yet, on Monday, President Donald Trump imposed 25% tariffs on all imports to the United States from Japan. &#8220;How's Japan meant to make sense of this?&#8221; Wolfers asks.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump imposed a 25% tariff on Japan because they didn&#39;t strike a deal. But&#8230; Japan&#39;s chief trade negotiator was in DC for talks and couldn&#39;t get a meeting with Treasury Secretary Scott Bessent. He delayed his departure for 24 hours, hoping, but Bessent never made time for him. <a href="https://t.co/41Y03lJCk7">pic.twitter.com/41Y03lJCk7</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1942704338473775522?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Ryosei Akazawa, the Japanese chief trade negotiator, being unable to meet with Bessent during his latest visit to the U.S., was <a href="https://www.bloomberg.com/news/articles/2025-07-01/japan-s-trade-strategy-tested-as-trump-pushes-for-quick-deals">reported</a> by Bloomberg.
The Treasury Department did not immediately respond to Benzinga&#8217;s requests for a comment on this matter. The story will be updated as soon as we receive a response.
Why It Matters: Economist Peter Schiff warned early this week that <a href="https://www.benzinga.com/news/25/07/46288703/trumps-letters-to-japan-and-korea-attract-criticism-from-economists-move-demonstrates-complete-lack-of-understanding-of-trade">Trump's public letters</a> to Japan and South Korea showed &#8220;a complete lack of understanding of trade,&#8221; since both countries impose just about 1% and 2% tariffs on goods from the U.S.
&#8220;Our trade deficits result from South Korea and Japan making more goods that Americans want to buy than the goods we make that they want to buy,&#8221; he said in a post on X. 
Japanese Prime Minister Shigeru Ishiba <a href="https://www.benzinga.com/markets/economic-data/25/07/46288472/japans-prime-minister-criticizes-trumps-tariff-decision-shigeru-ishiba-calls-move-truly-regrettable">expressed his dissatisfaction</a> with Trump&#8217;s decision on Tuesday, calling it &#8220;truly regrettable.&#8221;
Ishiba also <a href="https://www.benzinga.com/news/politics/25/07/46288679/trump-may-have-sent-dear-japan-letter-on-tariffs-but-tokyo-unlikely-to-make-progress-on-deal-until-this-key-event-takes-place">mentioned in an interview</a> with NHK this week that Japan will not &#8220;make easy compromises,&#8221; as automobile tariffs continue to remain a point of contention. 
Photo Courtesy: Maxim Elramsisy On Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46305321/copper-price-surges-trump-tariffs-stocks-july-2025">Copper Rallies To Record Highs After Trump&#8217;s 50% Tariff Bombshell: What&#8217;s Moving Markets Tuesday?</a></li>
</ul>

Asia

Government

Global

Scott Bessent Never 'Made Time' For Japan's Trade Negotiator, Says Economist, Yet The US Ally Got Hit With Trump Tariffs — How Should Tokyo Make Sense Of This?

ARK Invest CEO Cathie Wood agrees with Fundstrat Global Advisors Head of Research Tom Lee and has likened the Circle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) IPO to a pivotal moment in the crypto industry, suggesting that institutional investors can no longer ignore the convergence of artificial intelligence and blockchain.
What Happened: In a Tuesday interview with BanklessHQ, Wood drew parallels between the Circle IPO and the &#8216;ChatGPT moment&#8217; in the crypto industry. &#8220;I heard Tom Lee describe the Circle IPO as the ChatGPT moment and I understand it, Wood said.&#8221;
She highlighted that the IPO has sparked a significant shift in the attitude of institutional investors towards the crypto space.
&#8220;Before, trying to convince institutional investors about crypto felt pointless. But now, they&#8217;re seriously digging into it — because missing out on something as big as the AI-and-crypto combo just isn&#8217;t an option,&#8221; Wood said.
She also credited the IPO for bringing about a change in the regulatory landscape, which led to a surge in institutional interest in the cryptocurrency space.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"I heard Tom Lee ( <a href="https://twitter.com/fundstrat?ref_src=twsrc%5Etfw">@fundstrat</a> ) describe the <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw">@circle</a> IPO as the ChatGPT moment. Before, we were spitting in the wind with institutional investors. Now they're finally studying crypto hard because you cannot miss the equivalent of AI and crypto together."<a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> of… <a href="https://t.co/EEUv5yEIpG">pic.twitter.com/EEUv5yEIpG</a>
&mdash; Bankless (@BanklessHQ) <a href="https://twitter.com/BanklessHQ/status/1942690793631932507?ref_src=twsrc%5Etfw">July 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://benzinga.com/news/politics/25/07/46308025/get-ready-for-800-hours-of-blackouts-trumps-doe-warns" target="_blank" rel="noopener">Get Ready For 800 Hours Of Blackouts, Trump&#8217;s DOE Warns</a>
Wood&#8217;s comments come in the wake of Circle&#8217;s successful IPO, which saw a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46289982/circle-shares-surge-92-since-nyse-debut-cathie-wood-highlights-arks-successful-take-on-stablecoin-issuers-ipo">92% surge</a> in its shares since its debut on the NYSE. The company is the issuer of the USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) stablecoin, which has been gaining traction in the crypto market.
Why It Matters: The Circle IPO has been a significant event in the crypto industry, with Wood&#8217;s ARK Invest being one of the early investors in the company. Wood had previously praised her team&#8217;s successful take on Circle, particularly the work of Raye Hadi, a new member of ARK&#8217;s cryptocurrency research team, for their immediate impact on Circle.
Despite <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46019582/circles-blockbuster-success-aside-tether-ceo-doesnt-want-to-go-public-not-trying-to-please-couple-of-jpmorgan-analysts">Circle&#8217;s blockbuster success</a>, the CEO of stablecoin issuer Tether, Paolo Ardoino, had earlier stated that the company had no plans to go public, citing its profitability and conservative management as key reasons behind the decision.
The Circle IPO also coincided with a significant development in the regulatory landscape, as the Senate passed the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45989307/senate-passes-genius-act-coinbases-brian-armstrong-calls-it-big-milestone-scott-bessent-says-passage-could-drive-stablecoins-into-a-3-7-trillion-market">GENIUS Act</a>, a bill that established the country's first regulatory framework for dollar-pegged stablecoins. This move was celebrated by prominent figures in the cryptocurrency industry, including Coinbase&#8217;s Brian Armstrong and Scott Bessent.
Read Next: 
<a href="https://benzinga.com/markets/tech/25/07/46310975/air-india-boeing-787-dreamliner-crash-report-expected-on-friday-as-investigation-centers-on-engine-f" target="_blank" rel="noopener">Air India Boeing 787 Dreamliner Crash Report Expected On Friday As Investigation Centers On Engine Fuel Control Switches: Report</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PJ McDonnell from Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$USDC

Cathie Wood Agrees Circle IPO Is 'Crypto's ChatGPT Moment' — Warns Institutions That Ignoring The AI-Crypto Combo 'Just Isn't An Option'

President Donald Trump on Wednesday thanked local and state officials for renaming a four-mile stretch of Southern Boulevard &#8220;President Donald J. Trump Boulevard,&#8221; calling the unanimous vote a &#8220;wonderful honor.&#8221;
What Happened: "It has been brought to my attention that the Great State of Florida, which I won BIG three times, and where I am a proud Resident, has renamed an important four-mile stretch of Southern Boulevard … to ‘PRESIDENT DONALD J. TRUMP BOULEVARD,'" he wrote on Truth Social. "Thank you to Palm Beach County, Governor Ron DeSantis, and all of Florida's great State Lawmakers … I LOVE FLORIDA!"
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="289" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09012648/Trump-truth-social-1-1024x289.jpg" alt="" class="wp-image-977619" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09012648/Trump-truth-social-1-1024x289.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09012648/Trump-truth-social-1-300x85.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09012648/Trump-truth-social-1-768x217.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09012648/Trump-truth-social-1.jpg 1310w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The Palm Beach County Board of County Commissioners voted 7-0 Tuesday, <a href="https://cbs12.com/news/local/county-commissioners-vote-7-0-to-rename-stretch-of-southern-boulevard-after-president-trump-south-florida-news-president-donald-j-trump-boulevard-google-maps-july-8-2025">according</a> to CBS12, to apply the honorary name to the roadway from Palm Beach International Airport to Trump's Mar-a-Lago estate.
Under a bill, the GOP-led Legislature passed in May and Gov. Ron DeSantis signed on June 13, the state Department of Transportation will install the signs once local leaders sign off.
See also: <a href="https://www.benzinga.com/news/politics/25/07/46311721/elizabeth-warren-says-gop-chose-trump-over-american-people-slams-big-beautiful-bill-for-potentially-ushering-health-care-cuts-price-hikes">Elizabeth Warren Says GOP Chose Trump Over American People, Slams &#8216;Big Beautiful Bill&#8217; For Potentially Ushering Health Care Cuts, Price Hikes</a>
The same legislation designates an adjacent segment "PBSO Motorman Highway" in memory of three Palm Beach County motorcycle deputies killed last November. County staff said the new signs should be up by September. Addresses and emergency systems will continue to use Southern Boulevard.
Why It Matters: Cities and lawmakers across Florida have long honored commanders in chief by planting their names on major roads. Riviera Beach rechristened Old Dixie Highway as President Barack Obama Highway, Delray Beach swapped Northeast Eighth Street for George Bush Boulevard, and the Legislature stamped the entire Turnpike as the Ronald Reagan Turnpike.
President Donald Trump does like the odd name change himself. In January, he signed an executive order that <a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president">renamed the Gulf of Mexico</a> the "Gulf of America" and restored Alaska's Mount McKinley name after it had been changed to Denali. He has now added his own marker closer to home with the newly approved President Donald J. Trump Boulevard in Palm Beach County.
Photo Courtesy: Joey Sussman on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/politics/25/07/46311776/trumps-trade-storm-is-coming-morning-drop-hits-7-nations-more-to-follow">Trump&#8217;s Trade Storm Is Coming: Morning Drop Hits 7 Nations, More To Follow</a>

Trump Thanks Ron DeSantis, Florida Lawmakers for Renaming 4-Mile Stretch Near Mar-a-Lago 'Donald J. Trump Boulevard,' Calls It a 'Wonderful Honor'

Reported Earlier, First Majestic Produces 7.9M AgEq Ounces In Q2 2025, Lifts Full-Year Outlook To 32.6M On 76% Surge In Silver And Strong Gold Output

UHAL

Reported Earlier, U-Haul Storage North Baxter Closes Retail Showroom, Converts To Remote Self-Storage With 24/7 Truck Share Access

President Donald Trump has proposed&nbsp;a federal takeover of New&nbsp;York City and Washington D.C. for better governance and lower crime rates.
What Happened: During a White House Cabinet meeting on Tuesday, Trump expressed his concerns about the upcoming mayoral election in New York City. He criticized Democratic candidate Zohran Mamdani and other contenders, including Eric Adams, Andrew Cuomo and Curtis Sliwa, without endorsing any of them, <a href="https://abcnews.go.com/Politics/trump-suggests-taking-new-york-city-washington/story?">reported</a> ABC News.
Trump warned that if a communist is&nbsp;elected to run New York,&nbsp;it could &#8220;never be the same.&#8221; He then shifted his focus to Washington, D.C., expressing a desire to cut crime and improve the city&#8217;s management. Trump&#8217;s Chief of Staff, Susie Wiles, is said to be collaborating with Washington Mayor Muriel Bowser on this project.
Trump has been a long-time advocate&nbsp;for the federal government to&nbsp;take over Washington, citing concerns about crime and the effectiveness of local leadership. He suggested that the city would be run &#8220;so good&#8221; and that crime would be significantly reduced.
Despite&nbsp;the 1973 Home Rule Act,&nbsp;which grants the district some autonomy, Trump believes that the federal government could run the capital flawlessly. He also criticized New York City&#8217;s ranked-choice voting and stated, &#8220;We&#8217;re going to bring New York back.&#8221;
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46293954/shiba-inu-burn-rate-explodes-99280-in-1-day-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Explodes 99,280% In 1 Day: What Is Going On? </a>
Why It Matters: This isn&#8217;t the first time Trump has clashed with Zohran Mamdani, the democratic socialist candidate for NYC mayor. Earlier this month, Mamdani&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46213003/zohran-mamdani-hits-back-at-trumps-arrest-threats-over-potentially-blocking-new-york-ice-raids-will-not-accept-this-intimidation">responded</a>&nbsp;to Trump&#8217;s threats of arrest and deportation if he obstructed federal immigration raids in New York City. Mamdani called it an &#8220;authoritarian threat&#8221; and an &#8220;attack on our democracy&#8221;.
Furthermore, in June, Trump&nbsp;<a href="https://www.benzinga.com/news/politics/25/06/46162859/trump-threatens-to-cut-federal-funding-for-nyc-if-zohran-mamdani-doesnt-do-the-right-thing-as-future-mayor-if-he-does-get-in-im-going-to-be-president">threatened</a>&nbsp;to cut federal funding for New York City if Mamdani, if elected, didn&#8217;t &#8220;do the right thing&#8221;. These incidents highlight the ongoing tension between Trump and potential future leaders of New York City, and his willingness to leverage federal power to influence local politics.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/news/topics/25/07/46262154/optics-over-results-new-yorks-zohran-mamdani-proposed-government-owned-grocery-stores-but-what-do-people-really-think-about-them">Optics Over Results? New York&#8217;s Zohran Mamdani Proposed Government-Owned Grocery Stores, But What Do People Really Think About Them</a> </li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Mulls Federal Takeover Of Washington DC And NYC Ahead Of Zohran Mamdani's Mayoral Bid: 'We're Going To Bring New York Back'

Elon Musk's commercial space flight company, SpaceX, could potentially sell insider shares in a deal that would push the space exploration giant's valuation to around $400 billion, surpassing Musk's $395 billion net worth.
What Happened: The potential deal would mark the biggest valuation of a privately held company in U.S. history, sources cited by Bloomberg said <a href="http://www.bloomberg.com/news/articles/2025-07-08/spacex-valuation-said-to-hit-around-400-billion-in-share-sale">on</a> Tuesday. It would surpass SpaceX's previous record of $350 billion.
The valuation is largely based on SpaceX's LEO or Low Earth Orbit satellite internet provider Starlink, which accounts for over half the company's revenue, the report said.
SpaceX's advances in rocket technology with its <a href="https://www.benzinga.com/news/space/25/06/46135182/elon-musks-spacex-says-starship-debris-recovery-hindered-by-trespassing-unauthorized-parties-seeks-help-from-mexican-authorities">Starship rocket</a> program are also a driving factor for the valuation.
The fundraising strategy involves the company selling a "small number" of new shares to investors, with SpaceX then selling insider shares at a price determined by the initial round, the report said.
Why It Matters: The news comes as <a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">tensions continue to rise</a> between Musk and President Donald Trump over the latter's tax bill, which Musk says would raise <a href="https://www.benzinga.com/news/politics/25/07/46187403/elon-musk-is-unhappy-with-trumps-big-beautiful-bill-and-just-reminded-everyone-that-80-voted-for-a-new-party">the debt deficit</a> to $5 trillion.
The billionaire also announced he would establish a political party, dubbed the ‘America Party,' as a third option in the U.S.'s two-party system. Musk's plans were <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">heavily criticized by Trump</a>. 
However, Musk's feud with the President could have lasting effects on the billionaire's businesses like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as the Tax bill axed the <a href="https://www.benzinga.com/markets/tech/25/07/46289556/trumps-tax-bill-axes-the-7500-ev-credit-heres-how-you-can-still-claim-it">$7,500 EV credit</a>. Meanwhile, SpaceX regularly collaborates with NASA, most recently on the <a href="https://www.benzinga.com/news/space/25/06/46090664/india-may-have-been-to-mars-and-moon-but-an-indian-hasnt-been-in-space-for-41-years-elon-musk-just-changed-that">Ax-4 mission</a> to the ISS.
Elsewhere, despite criticism, Musk has refused to back down on his attacks on the Trump administration and recently even reignited the Jeffrey Epstein <a href="https://www.benzinga.com/news/politics/25/07/46270547/elon-musk-reignites-jeffrey-epstein-client-list-row-adding-fuel-to-the-feud-with-trump">client list row</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/space/25/07/46264337/elon-musk-and-tom-cruise-once-planned-on-making-a-movie-in-space-using-spacex-rockets">Elon Musk And Tom Cruise Once Planned On Making A Movie In Space Using SpaceX Rockets</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

TSLA

Elon Musk's SpaceX Insider Share Sale Could Push Valuation To $400 Billion—Starlink Is The Rocket Fuel

RxSight Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXST#NASDAQ">RXST</a>) plummeted by 34.32% in after-hours trading on Tuesday. The drop followed the company&#8217;s decision to revise its 2025 revenue forecast.
What Happened: The stock of RxSight Inc. experienced a sharp decline in after-hours trading, closing at $8.40, a 34.32% decrease from the day&#8217;s closing price of $12.79. This sudden drop was a result of the company&#8217;s revised 2025 <a href="https://www.benzinga.com/wiim/25/07/46308093/rxsight-shares-are-trading-lower-after-the-company-cut-its-2025-revenue-guidance-from-160m-175m-to-1">revenue guidance</a>.
See Also: <a href="https://benzinga.com/markets/cannabis/23/01/30652433/cannabis-real-estate-meet-green-life-business-andrew-matthew-he-knows-all-about-it">Cannabis Real Estate? Meet Green Life Business&#8217; Drew Mathews, He Knows All About It &#8211; Benzinga</a>
RxSight Inc. had initially projected its 2025 revenue to be in the range of <a href="https://www.benzinga.com/news/guidance/25/04/44624912/rxsight-warns-on-fy25-revenue-as-premium-cataract-market-faces-headwinds-stock-plunges">$160 million to $175 million</a>. However, the company recently adjusted this forecast to a much lower range of <a href="https://investors.rxsight.com/news-releases/news-release-details/rxsight-inc-announces-preliminary-second-quarter-2025-revenue">$120 million to $130</a> <a href="https://investors.rxsight.com/news-releases/news-release-details/rxsight-inc-announces-preliminary-second-quarter-2025-revenue">million</a>.&nbsp;
Why It Matters: The recent drop in RxSight Inc.&#8217;s stock value is a direct consequence of the company&#8217;s revised revenue forecast. This development comes on the heels of the company&#8217;s preliminary <a href="https://www.benzinga.com/news/25/07/46308080/rxsight-sees-prelim-q2-revenue-33-6m-down-4-yoy-co-also-cuts-2025-revenue-guidance-from-160m-175m-to">second-quarter revenue announcement</a>, which was $33.6 million, a 4% decrease year-over-year. This decline in revenue, coupled with the revised 2025 forecast, has impacted investor sentiment.
Despite the recent downturn, it is worth noting that RxSight Inc.&#8217;s stock had been performing well earlier in the year. In May, the company&#8217;s stock value rose after <a href="https://www.benzinga.com/wiim/25/05/45499152/rxsight-shares-are-trading-higher-after-wells-fargo-upgraded-the-stock-from-equal-weight-to-overweig">Wells Fargo upgraded its rating from Equal-Weight to Overweight</a>, and raised its price target from $17 to $25.
Price Action: At the time of writing, RxSight Inc. experienced a decline in after-hours trading, plummeting 34.32% to $8.40 after closing at $12.79 &#8211; <a href="https://www.benzinga.com/quote/rxst">Benzinga Pro Data</a>.
Benzinga&#8217;s Edge Rankings highlights a strong value score of 66.98 for RXST stocks. Know the&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">other parameters</a>&nbsp;on which the stock fares.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="871" height="162" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09010923/Screenshot-2025-07-09-103857.png" alt="" class="wp-image-977595" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09010923/Screenshot-2025-07-09-103857.png 871w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09010923/Screenshot-2025-07-09-103857-300x56.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09010923/Screenshot-2025-07-09-103857-768x143.png 768w" sizes="(max-width: 871px) 100vw, 871px" /></a></figure>
Read Next: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46268405/shiba-inu-partners-with-new-token-lanchpad-to-take-on-solana-based-rival-that-birthed-fartcoin-just-the-beginning">Shiba Inu Partners With New Token Lanchpad To Take On Solana-Based Rival That Birthed Fartcoin: &#8216;Just The Beginning&#8217; &#8211; Benzinga</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: PeopleImages.com &#8211; Yuri A on Shutterstock.com

Biotech

RXST

RxSight Falls 34% After Hours Following Revenue Warning

GameSquare Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) shares climbed higher after-hours after a $100 million Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) investment announcement spurred a 58% rally on Tuesday.
What Happened: The firm disclosed the pricing details of its underwritten public offering for the sale of&nbsp;8.42 million shares of common stock&nbsp;at $0.95 per share. The majority of the proceeds will be used to accelerate its Ethereum-based treasury strategy, it said in a press release.
This initiative is backed by a strategic partnership with&nbsp;Dialectic, a company focused on crypto-native capital&nbsp;management.
GameSquare&#8217;s Board has given the green light for an Ethereum&nbsp;allocation of up to $100&nbsp;million. The investments will be phased over time, ensuring&nbsp;adequate working capital for the&nbsp;operating business.
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46296234/bitcoin-miner-bit-digital-dumped-all-its-btc-for-eth-and-isnt-looking-back">Bitcoin Miner Bit Digital Dumped All Its BTC For ETH—And Isn&#8217;t Looking Back</a>
Why It Matters: GameSquare&#8217;s move aligns with a nascent but steadily growing trend in the industry.
A case in point is&nbsp;Bit Digital Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>), which recently liquidated its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46276974/bit-digital-btbt-goes-all-in-on-ethereum-sells-all-bitcoin-whats-going-on">to focus solely on Ethereum</a>. This strategic pivot was made possible through a capital raise, demonstrating the firm&#8217;s strong belief in the future of the Ethereum blockchain.
Additionally, BitMine Immersion Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#AMEX">BMNR</a>), which recently roped in Wall Street veteran Tom Lee as chairman, has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46177905/inside-tom-lees-plan-to-build-microstrategy-of-ethereum-at-bitmine">adopted ETH as its primary reserve asset</a>.
Price Action:&nbsp; At the time of writing, ETH was exchanging hands at $2,605.62, up 2.90% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of GameSquare spiked 6.49% in after-hours trading after exploding 58.8% to $1.540&nbsp;during Tuesday&#8217;s regular trading session.
GAME Stock demonstrated a low momentum score—a measure of the stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. 
<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> can help you know how it compares to Bitcoin treasury company Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="457" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09011604/image-92.png" alt="" class="wp-image-977604" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09011604/image-92.png 457w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09011604/image-92-300x133.png 300w" sizes="(max-width: 457px) 100vw, 457px" /></a></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index moved to the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled mostly lower on Tuesday, with the Dow Jones index falling more than 150 points during the session following a series of letters from the White House to major trading partners, outlining sweeping new tariffs.
Shares of ProKidney Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) jumped 515% on Tuesday after the company reported statistically and clinically significant topline results from its Phase 2 REGEN-007 trial evaluating Rilparencel in patients with chronic kidney disease and diabetes.
On the economic data front, the US Manheim Used Vehicle Value Index increased 1.6% month-over-month for June, following a 1.4% decline in May. The NFIB Small Business Optimism Index fell to 98.6 in June from 98.8 in May and compared to market estimates of 98.7.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer staples, utilities and financial stocks recording the biggest losses on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by 166 points to 44,240.76 on Tuesday. The S&amp;P 500 fell 0.07% to 6,225.52, while the Nasdaq Composite gained 0.03% to 20,418.46 during Tuesday's session.
Investors are awaiting earnings results from Theratechnologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>), AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) and Methode Electronics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 74.3, the index moved to the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 75.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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