U.S. stock futures were fluctuating on Tuesday after ending higher on Monday. Futures of major benchmark indices were mixed.



Investors are bracing for June&#8217;s release of the <a href="https://www.benzinga.com/markets/economic-data/25/07/46392923/une-cpi-inflation-preview-tariffs-markets-fed">Consumer Price Index</a>. Economists anticipate the headline inflation rate to climb from 2.4% in May to 2.7% in June—the highest since January and a pace of acceleration unseen since late 2023. 



Monthly, the CPI is expected to rise 0.3%, up from 0.1% in May, marking the fastest monthly increase of the year.



Meanwhile, <a href="https://www.benzinga.com/news/25/07/46396595/jpmorgan-citi-to-kick-off-bank-earnings-as-wall-street-sees-profit-boom">big bank earnings season</a> also kicks off today, with key industry heavyweight JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and Wells Fargo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) headlining a crucial reporting day for financials. 



The 10-year Treasury bond yielded 4.42% and the two-year bond was at 3.90%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 95.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.08%</td></tr><tr><td>S&amp;P 500</td><td>0.36%</td></tr><tr><td>Nasdaq 100</td><td>0.58%</td></tr><tr><td>Russell 2000</td><td>0.08%</td></tr></tbody></table></figure>



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, were higher in premarket on Tuesday. The SPY was up 0.37% at $627.15, while the QQQ advanced 0.60% to $559.52, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pr</a>o data.



Cues From Last Session:



Sectors that gained on Monday included financial, communication services, and real estate stocks, leading most of the S&amp;P 500 to close positively.



Conversely, energy and materials sectors bucked the trend, ending the session lower. Overall, U.S. stocks settled higher.



Separately, Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) reported better-than-expected second-quarter earnings. Shares of Daré Bioscience, Inc. (NASDAQ: DARE jumped approximately 23% after the company announced interim safety and efficacy results from its ongoing Phase 3 clinical trial for Ovaprene.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.27%</td><td>20,640.33</td></tr><tr><td>S&amp;P 500</td><td>0.14%</td><td>6,268.56</td></tr><tr><td>Dow Jones</td><td>0.20%</td><td>44,459.65</td></tr><tr><td>Russell 2000</td><td>0.67%</td><td>2,249.73</td></tr></tbody></table></figure>



Insights From Analysts:



Senior economist at WisdomTree, Jeremy Siegel, said that the public firms in the U.S. were beginning to quantify potential damage from tariffs, though these estimates remain based on previously announced rates, not the most recent escalation threats.



He highlighted that the official impact will start to show in the July data, but those numbers won't be released until August or even September. Investors will have to watch high-frequency indicators like jobless claims and credit card spending, in the meantime, he added.



&#8220;The real risk is that rising tariffs will continue to sap purchasing power just as economic momentum is already slowing. While I don't see a recession looming, growth is undeniably weaker than what we saw through much of 2024,&#8221; he added.



Meanwhile, the analysts at BlackRock highlighted two ways to capture alpha and earn returns in the market in their latest commentary.



&#8220;U.S. tariffs could intensify already elevated dispersion, making this a more rewarding environment for alpha,&#8221; their note stated.



<ul class="wp-block-list">
<li>One way to capture that alpha? Reduce the potential drag from static factor exposures by deliberately managing macro risk.</li>
</ul>



<ul class="wp-block-list">
<li>Another approach to capturing alpha: avoiding macro factor risk in favor of security-specific risk.</li>
</ul>



The note thus added that &#8220;Dynamically managing macro risk and taking security-specific risk can help capture it (alpha). We eye selective global opportunities.&#8221;



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on Tuesday:



<ul class="wp-block-list">
<li>June&#8217;s headline and core consumer price index data, and the Empire State manufacturing survey, will be released by 8:30 a.m. ET.</li>



<li>Fed Governor Michelle Bowman will speak at 9:15 a.m., Fed Governor Michael Barr will speak at 12:45 p.m., Boston Fed President Susan Collins will speak at 2:45 p.m., and Dallas Fed President Lorie Logan will speak at 6:45 p.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) was up 0.33% in premarket on Tuesday as analysts expect it to report earnings of $4.48 per share on revenue of $44.17 billion before the opening bell.</li>



<li>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) fell 0.26% as it is expected to report earnings before the opening bell. Analysts estimate earnings of $1.40 per share on revenue of $20.78 billion.</li>



<li>Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) was 0.10% higher as analysts expect it to report earnings of $1.76 per share on revenue of $4.83 billion before the opening bell.</li>



<li>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) advanced 0.47% as it is expected to report earnings before the opening bell. Analysts estimate earnings of $1.62 per share on revenue of $20.89 billion.</li>



<li>Longevity Health Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAGE#NASDAQ">XAGE</a>) surged 75.80% after announcing a merger with THPlasma and the termination of its transaction with 20/20 BioLabs. This strategic move is expected to leverage plasma synergies to drive bioaesthetic innovation.</li>



<li>BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) zoomed 66.08% after it signed an MoU with HYPRCOMMUNITY to develop an AI-driven VTuber social platform.</li>



<li>Brazil Potash Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRO#NYSE">GRO</a>) jumped 43.45% after signing an MoU with Fictor &amp; Wtt S.A. for $200 million in power line construction.</li>



<li>Glimpse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAR#NASDAQ">VRAR</a>) advanced 28.14% after releasing preliminary unaudited results, showcasing remarkable performance with revenue reaching $3.50 million, marking a 100% increase from the previous quarter.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading lower in the early New York session by 0.55% to hover around $66.61 per barrel.



Gold Spot US Dollar rose 0.49% to hover around $3,359.84 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.10% at the 97.9830 level.



Asian markets ended higher on Tuesday, as India's S&amp;P BSE Sensex, Japan's Nikkei 225, Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi indices rose. European markets were mixed in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">Nvidia Resumes H20 Shipments To China As Jensen Huang Meets Trump, Beijing Officials — &#8216;Fully Compliant&#8217; RTX PRO Aims To Bridge AI Cold War</a></li>
</ul>



Photo courtesy: Shutterstock

Equities

BLMZ

FAST

VRAR

XAGE

US Stock Futures Trade Mixed Ahead Of June Inflation Print: Big Banks In Focus As Street Awaits JPMorgan, Wells Fargo, BNY Mellon, Citibank's Earnings

Investment manager giant BlackRock, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) reported&nbsp;that second-quarter 2025 revenue grew&nbsp;13%&nbsp;year-over-year to&nbsp;$5.42 billion, beating the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of&nbsp;$5.34 billion</a>.&nbsp;



Investment advisory, administration fees, and securities lending revenue increased to&nbsp;$4.45 billion from&nbsp;$3.88 billion a year ago, primarily driven by organic base fee growth, the impact of market beta and foreign exchange movements on average AUM, and approximately $240 million of fees related to the GIP Transaction.



Securities lending revenue of $171 million <a target="_blank" href="https://ir.blackrock.com/files/doc_financials/2025/Q2/BLK-2Q25-Earnings-Release.pdf" rel="noreferrer noopener">increased</a> from $154 million in the second quarter of 2024, primarily reflecting higher average balances of securities on loan.



Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/07/46396595/jpmorgan-citi-to-kick-off-bank-earnings-as-wall-street-sees-profit-boom" rel="noreferrer noopener">JPMorgan, Citi To Kick Off Bank Earnings As Wall Street Sees Profit Boom</a>



Performance fees decreased $70 million from the second quarter of 2024, primarily reflecting lower revenue from private markets, liquid alternative, and long-only products.



BlackRock stated that $68 billion of quarterly total net inflows, down from $81.6 billion a year ago, reflect the impact of a single institutional client&#8217;s $52 billion lower-fee index partial redemption.



Net inflows reached $152 billion year to date, led by a record first half for iShares ETFs, alongside private markets and cash net inflows.



At the end of the quarter, total AUM was $12.53 trillion, compared to&nbsp;$10.65 trillion&nbsp;in the prior year quarter.



Adjusted operating income rose&nbsp;12% to&nbsp;$2.09 billion. Adjusted EPS increased&nbsp;16% to&nbsp;$12.05,&nbsp;beating the consensus of&nbsp;$10.80.



Laurence Fink, Chairman and CEO, commented, &#8220;Our expanding client relationships are resonating in higher, more diversified organic base fee growth. We generated 6% organic base fee growth for the second quarter and the first half of 2025, and 7% over the last twelve months.&#8221;



&#8220;iShares ETFs had a record first half in flows, and technology ACV growth reached a fresh high of 16%. This core strength, alongside client demand for private markets, digital assets, Aperio, and our tech and data-driven systematic strategies, propelled another consecutive quarter of above-target organic base fee growth and record AUM of $12.5 trillion,&#8221; Fink added.



Price Action: BLK stock is trading lower by 1.12% to $1,099 during the premarket session at last check Tuesday.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war" target="_blank" rel="noreferrer noopener">Nvidia Resumes H20 Shipments To China As Jensen Huang Meets Tr</a></li>
</ul>



Photo via Shutterstock

Earnings

Large Cap

News

Movers

General

BlackRock's Q2 Net Inflows, Performance Fees Take A Hit

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)&nbsp;questioned a potential quid pro quo involving the Trump family&#8217;s cryptocurrency ventures and Binance&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) convicted ex-CEO Changpeng Zhao.



What Happened: In an X post, Warren cited a recent report that claimed Binance covertly helped President&nbsp;Donald Trump-backed cryptocurrency company World Liberty Financial develop the USD1 stablecoin.



&#8220;One of the Trump family's crypto ventures got behind-the-scenes help from the world's largest crypto exchange,&#8221; Warren said. &#8220;Its founder? A convicted felon now seeking a Trump pardon.&#8221; 



Warren was referring to Zhao, who was <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38547115/ex-binance-ceo-changpeng-zhao-sees-crypto-industry-entering-new-phase">sentenced for anti-money laundering violations</a> in the U.S. Zhou&nbsp;paid a $50 million fine, stepped down from the&nbsp;company and subsequently served four months in prison. 



<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">One of the Trump family's crypto ventures got behind-the-scenes help from the world's largest crypto exchange. Its founder? A convicted felon now seeking a Trump pardon. Congress should be shutting this down — not making it easier for Trump to profit by passing crypto bills. <a href="https://t.co/yimkchiigS">pic.twitter.com/yimkchiigS</a>&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1944834183924191369?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The senior Democrat, who has been fighting hard to convince lawmakers to take notice of Trump&#8217;s cryptocurrency activities, urged Congress to address this issue before passing bills that would enable him to profit more.



<a href="http://pro.benzinga.com">Benzinga</a> reached out to Binance and the White House for a comment. The story will be updated once they respond.



See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46330813/circles-expands-beyond-coinbase-binance-partnerships-strikes-deal-with-bybit">Circle Expands Beyond Coinbase, Binance Partnerships, Strikes Deal With Bybit</a>



Why It Matters: The report suggested that <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46381943/trumps-crypto-firm-allegedly-received-covert-aid-from-binance-before-founders-pardon-plea">Binance allegedly helped write the core code</a> for the dollar-pegged stablecoin USD1, and the code facilitated&nbsp;an <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">Emirati investment firm to&nbsp;acquire&nbsp;a $2 billion stake</a> in&nbsp;Binance using USD1.



Zhao called the report a hit piece and was contemplating a defamation lawsuit.



<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">4. FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don&#39;t even know where to begin. Might have to sue them again for defamation. <a href="https://t.co/FevGMArHj8">https://t.co/FevGMArHj8</a>&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1943705285098365065?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Warren had deemed the<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45399468/elizabeth-warren-calls-out-trump-linked-stablecoin-as-a-national-security-risk-hes-cashing-in-on-foreign-crypto-deals"> deal &#8220;shady&#8221; and a national security risk</a>, accusing Trump of profiting from foreign cryptocurrency agreements. She&nbsp;<a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide" target="_blank" rel="noreferrer noopener">urged Congress to vote against</a>&nbsp;the GENIUS Act, also known as the stablecoin bill, because it would enable Trump&#8217;s &#8220;crypto corruption.&#8221; The bill eventually passed the Senate



Trump reported incomes<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income" target="_blank" rel="noreferrer noopener">&nbsp;exceeding $57 million</a>&nbsp;from&nbsp;World Liberty Financial in his latest disclosure.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46359496/elizabeth-warren-says-crypto-industry-wants-trump-to-boost-their-products-just-like-he-was-hawking-elon-musks-cars">Elizabeth Warren Says Crypto Industry Wants Trump To Boost Their Products Just Like He Was &#8216;Hawking&#8217; Elon Musk&#8217;s Cars</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Credit: Cody Scanlan/The Register / USA TODAY NETWORK via Imagn Images<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Cryptocurrency

$BNB

Elizabeth Warren Says 'Convicted Felon' Leveraged Trump Family's Crypto Interests For Pardon: Senator Makes Scathing Comments On Binance Co-Founder

Deutsche Bank has issued a warning about the potential consequences of President Donald Trump replacing Jerome Powell as the head of the U.S. Federal Reserve.



What Happened: A research note titled &#8220;What if?&#8221; was published by the bank&#8217;s global head of FX research, George Saravelos, over the weekend. The note explores the potential market impact if Trump successfully ousts Powell and appoints someone who shares his views on lower interest rates, <a href="https://fortune.com/2025/07/14/trump-fire-fed-powell-currency-bond-market-collapse-deutsche-bank/">reported</a> Fortune.



Saravelos&#8217;s note suggests that the market reaction to Powell&#8217;s removal could be significant, potentially leading to a collapse in both the currency and bond markets. The note also highlights the possibility of a rise in inflation expectations, a drop in real yields, and an increase in broader risk premia due to institutional erosion.



Saravelos expects the earliest warning sign to be a sharp decline in the U.S. dollar, which has already fallen 9.75% this year. He forecasts an additional 3%–4% drop in the dollar&#8217;s value and a 30–40 basis point sell-off in U.S. fixed income markets within 24 hours of any announcement regarding Powell's removal.



"We believe the market reaction would be large," the note mentioned. It added, &#8220;In extreme cases, both the currency and the bond market can collapse as inflation expectations move higher, real yields drop and broader risk premia increase on the back of institutional erosion."



While many investors don&#8217;t see Powell&#8217;s replacement as a likely scenario, they also don&#8217;t consider it impossible. Bettors on Polymarket, a crypto predictions exchange, currently estimate a 19% chance of Powell&#8217;s removal before his term ends in May.



Trump's public criticism of Powell has been clear in his social media posts and, more recently, in a letter from Russ Vought, the former Office of Management and Budget director, demanding explanations from Powell regarding the renovation of the Federal Reserve's headquarters.



SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46400968/pudgy-penguins-coin-pengu-leaps-past-dogecoin-shiba-inu-pepe-with-93-weekly-gain" target="_blank" rel="noreferrer noopener">Pudgy Penguins Coin PENGU Leaps Past Dogecoin, Shiba Inu, Pepe With 93% Weekly Gain &#8211; Benzinga</a>



Why It Matters: The Federal Reserve has been under scrutiny from the Trump administration over a controversial renovation project at its Washington headquarters, which has exceeded its original $2.5 billion estimate. 



In response, Powell ordered a review of the project amid growing political backlash and accusations of mismanagement, secrecy, and lack of oversight, according to a <a href="https://www.benzinga.com/news/politics/25/07/46405212/trump-gets-faqd-by-powell-no-champagne-rooms-just-clearing-cancer-dust">detailed FAQ </a>published by the central bank.



Real estate investor and entrepreneur Grant Cardone accused Powell of setting the middle class back a decade and freezing the housing market <a href="https://www.benzinga.com/markets/25/07/46384532/grant-cardone-says-jerome-powell-intentionally-set-middle-class-back-a-decade-and-froze-the-housing">in a social media post</a>. He blamed Powell&#8217;s past comments about raising rates to fight inflation, even if it caused economic pain.



Earlier this month, Powell had indicated that the central bank would have implemented a more lenient monetary policy if not for President Trump&#8217;s tariff strategy <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46213909/jerome-powell-says-trumps-tariffs-deterred-fed-from-easing-monetary-policy-july-decision-to-depend-on-data-wouldnt-take-any-meeting-off-the-table">during a panel discussion</a>.



READ MORE: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46337134/bill-ackman-cheers-money-market-funds-hitting-record-7-4-trillion-as-jerome-powell-snubs-trumps-rate-cut-demands">Bill Ackman Cheers Money Market Funds Hitting Record $7.4 Trillion As Jerome Powell Snubs Trump&#8217;s Rate Cut Demands</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's Ouster Of Fed Chair Powell Could Trigger 'Collapse' Of Currency And Bond Market, Deutsche Bank Warns

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Extreme Greed&#8221; zone on Monday.



U.S. stocks closed higher on Monday, with the Dow Jones index recording gains during the session following President Donald Trump&#8216;s weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to take effect August 1.



Investor sentiment was further clouded by inflation concerns ahead of Tuesday&#8217;s consumer price index release. Economists anticipate an annual rise from 2.4% to 2.7%, suggesting that companies may be starting to pass on higher import costs to consumers.



Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) reported better-than-expected second-quarter earnings. Shares of Daré Bioscience, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DARE#NASDAQ">DARE</a>) jumped around 23% on Monday after the company announced interim safety and efficacy results from its ongoing Phase 3 clinical trial evaluating the contraceptive effectiveness, safety and acceptability of Ovaprene.



Most sectors on the S&amp;P 500 closed on a positive note, with financial, communication services and real estate stocks recording the biggest gains on Monday. However, energy and materials stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed higher by 88 points to 44,459.65 on Monday. The S&amp;P 500 rose 0.14% to 6,268.56, while the Nasdaq Composite gained 0.27% at 20,640.33 during Monday's session.



Investors are awaiting earnings results from JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) and Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 76.4, the index remained in the &#8220;Extreme Greed&#8221; zone on Monday, versus a prior reading of 75.6.



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.



Read Next: 



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<li><a href="https://www.benzinga.com/news/25/07/46390296/rocket-lab-is-one-of-the-hottest-stocks-in-the-universe-cramer">This Is &#8216;One Of The Hottest Stocks In The Universe,&#8217; Jim Cramer Says</a></li>
</ul>



Photo courtesy: Shutterstock

Pre-Market Outlook

DARE

US Stocks End Higher Amid Tariff Concerns: Investor Sentiment Improves, Fear & Greed Index Remains In 'Extreme Greed' Zone

Cryptocurrency market euphoria cooled slightly Monday as investors anticipate the release of June&#8217;s Consumer Price Index report.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.17%</td><td>$119,233.36</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+0.47%</td><td>$2,986.37</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-2.40%</td><td>$0.1941</td></tr></tbody></table></figure>



What Happened: Bitcoin fell to an intraday low of $118,959.20, a marked reversal from its early morning highs. Trading volume soared 256% to a whopping $180 billion, indicating heavy profit-taking.



According to CryptoQuant, <a href="https://cryptoquant.com/asset/btc/chart/miner-flows/miner-reserve?miner=all_miner&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line">miner reserves</a> have fallen steeply over the past few days.



Ethereum also reversed course, falling below $3,000, even as trading activity remained high.



The two blue-chip currencies are off to a flying start in the third quarter, with Bitcoin up 11.68% and Ethereum up more than 20% so far.



Over $800 million was liquidated from the market in the last 24 hours, with short position traders bearing the brunt of the rally. That said, about $595 million in longs risked liquidation if Bitcoin reversed to $117,000.



Bitcoin's open interest rose 2.40% to $87.43 billion, marking a new record high. "Greed" sentiment persisted in the market, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Pudgy Penguins (PENGU)</td><td>+7.11%</td><td>$0.03073</td></tr><tr><td>Curve DAO Token (CRV)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+6.23%</td><td>$0.6977</td></tr><tr><td>Sui (SUI)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+4.93%</td><td>$3.84 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.74 trillion, following a modest increase of 0.55% in the last 24 hours.



Stock ended in the green on Monday. The Dow Jones Industrial Average rose 88.14 points, or 0.20%, to end at 44,459.65. The S&amp;P 500 added 0.14% to end at 6,268.56, and the tech-focused Nasdaq Composite gained 0.27% to finish at 20,640.33.



Tariff-related news weighed on the market, as investors await the <a href="https://www.benzinga.com/markets/economic-data/25/07/46392923/une-cpi-inflation-preview-tariffs-markets-fed">Consumer Price Index report on Tuesday</a> to gauge the impact of President Donald Trump&#8217;s trade decisions on the economy.



Trump has proposed a<a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-dont-push-your-luck"> blanket tariff rate of 15%-20%</a> on most nations, a notable jump from the current 10% base.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez said Bitcoin hit the first target at $121,000 after breaking out of a parallel channel, with the next "key levels" of interest at $131,000, $144,000, and $158,000.



<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">Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> has hit the first target at $121,000 after breaking out of a parallel channel. The next key levels are $131,000, $144,000, and $158,000. <a href="https://t.co/GsOFa0MyrJ">pic.twitter.com/GsOFa0MyrJ</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1944728836270416084?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Edward, another cryptocurrency market researcher, drew a parallel to Bitcoin&#8217;s 2024 breakout, where a similar weekly surge preceded a 50% rally.



"This time, $135,000–$140,000 isn't hopium. It's one clean breakout away," the analyst said.



That said, Edward flagged $115,500–116,500 as a potential retest zone.



<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">3 &#x265f;&#xFE0F; Areas to Watch There's real price gravity above and below. Key cluster: $115,500–116,500 (potential retest zone). Above $120K? Things thin out fast. Liquidity maps show air between that and $135K. <a href="https://t.co/BfNLEZa5vP">pic.twitter.com/BfNLEZa5vP</a>&mdash; Edward (@Defi_Edward) <a href="https://twitter.com/Defi_Edward/status/1944709743722860573?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo: Antonio Gravante On Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46401183/strategy-adds-472-million-in-bitcoin-ups-total-holdings-to-over-600000-btc">Strategy Adds $472 Million In Bitcoin, Ups Total Holdings To Over 600,000 BTC</a></li>
</ul>

$BTC

$DOGE

$ETH

Bitcoin Retraces From Highs Ahead Of CPI Report; Ethereum Gains And Dogecoin Falls: Analyst Says $135,000–$140,000 Isn't Hopium, But 'One Clean Breakout' Away

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) announced it will resume sales of its H20 GPU to China and unveiled a new RTX PRO graphics processor designed specifically for Chinese customers, according to a company statement released Monday.



Check out the current price of <a href="https://benzinga.com/quote/nvda">NVDA stock here</a>.



What Happened: CEO Jensen Huang said during visits to Washington and Beijing that Nvidia is filing applications to sell the H20 GPU again, with the U.S. government providing assurances that licenses will be granted. The company expects to begin deliveries soon, according to Nvidia.



The new RTX PRO GPU is &#8220;fully compliant&#8221; with U.S. export controls and &#8220;ideal for digital twin AI for smart factories and logistics,&#8221; Huang announced. The chip represents Nvidia&#8217;s latest effort to maintain market share in China while navigating heightened trade restrictions.



The announcements come as Huang conducted diplomatic visits to both capitals this month. In Washington, he met with President Donald Trump and policymakers, reaffirming Nvidia&#8217;s support for domestic AI infrastructure and manufacturing initiatives. In Beijing, he discussed AI productivity benefits with government and industry officials.



See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46402633/sp500-record-highs-narrow-breadth-2025">S&amp;P 500 Record Highs Hide A Fracture Unseen In Decades</a>



Why It Matters: The H20 resumption marks a significant development for NVIDIA&#8217;s Chinese operations. U.S. export controls have restricted semiconductor firms from selling advanced AI chips to Chinese customers, forcing NVIDIA to develop modified versions for the Chinese market.



Huang previously told CNN that <a href="https://www.benzinga.com/markets/tech/25/07/46397545/nvidias-jensen-huang-china-doesnt-need-us-chips">Chinese military forces don&#8217;t use Nvidia chips</a> due to export restrictions. &#8220;They don&#8217;t need Nvidia&#8217;s chips, certainly, or American tech stacks in order to build their military,&#8221; he said. &#8220;They simply can&#8217;t rely on it.&#8221;



The CEO emphasized that &#8220;general-purpose, open-source research and foundation models are the backbone of AI innovation&#8221; during his Washington meetings. He argued that making U.S. technology accessible globally encourages nations to choose American technology stacks.



NVIDIA&#8217;s China strategy faces scrutiny after reports that a Chinese AI firm, DeepSeek, allegedly used shell companies to obtain H100 chips while supporting China&#8217;s <a href="https://www.benzinga.com/markets/tech/25/07/46397545/nvidias-jensen-huang-china-doesnt-need-us-chips">military and intelligence agencies</a>. 



Earlier this year, Nvidia was&nbsp;<a href="https://www.benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party" target="_blank" rel="noreferrer noopener">forced to halt shipments</a>&nbsp;of its China-specific&nbsp;H20&nbsp;AI chips after the U.S. government determined a special license was required, costing the company $2.5 billion in potential revenue in the first quarter.



Price Action: Nvidia shares traded at $163.87 in after-hours Monday, down 0.64% from the regular session close of $164.07. The stock gained 3.20% in overnight trading on Robinhood, reaching $169.41.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46407227/palantir-the-trade-desk-tilray-sonnet-biotherapeutics-and-tesla-why-these-5-stocks-are-on-investors-radars-today">Palantir, The Trade Desk, Tilray, Sonnet Biotherapeutics, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

Tech

NVDA

Nvidia Resumes H20 Shipments To China As Jensen Huang Meets Trump, Beijing Officials — 'Fully Compliant' RTX PRO Aims To Bridge AI Cold War

Renowned TV host Jim Cramer is stirring chatter on X with another buzzworthy &#8220;meme stock&#8221; acronym, aimed at a new group of retail-favorite stocks that are defying gravity.



Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/PLTR" target="_blank" rel="noreferrer noopener">PLTR stock here.</a>



What Happened: On Monday, in a post on X, Cramer wrote, &#8220;A new acronym for the meme stocks that just won't quit!!! PARC!,&#8221; referring to Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).



All four companies are notable for their social media-fueled momentum, high levels of retail participation, and volatility, which has earned them the <a href="https://www.benzinga.com/pro/blog/what-are-meme-stocks">&#8220;meme stock&#8221; moniker</a>.



Palantir provides AI and data analytics applications for governments and commercial applications, and has seen strong momentum in recent years. AppLovin, on the other hand, is a mobile advertising platform and a game publisher that has seen a sharp rally since mid-last year.



<figure class="wp-block-embed aligncenter 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">A new acronym for the meme stocks that just won't quit!!! PARC! <a href="https://t.co/m3HmDYDxup">pic.twitter.com/m3HmDYDxup</a>&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944879501931880861?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trading platform Robinhood was at the center of the retail trading boom during 2020-21, and continues to remain popular among young investors and traders. Coinbase, the largest U.S.-based crypto exchange, is similarly being fueled by renewed <a href="https://www.benzinga.com/news/events/24/11/42073346/exclusive-retail-investors-are-taking-on-more-risk-and-finding-success-is-crypto-acting-as-a-gateway-trade">retail risk appetite</a> for digital assets.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td class="has-text-align-center" data-align="center">Stock / ETF</td><td class="has-text-align-center" data-align="center">Year-To-Date</td><td class="has-text-align-center" data-align="center">5-Year</td></tr><tr><td class="has-text-align-center" data-align="center">Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td><td class="has-text-align-center" data-align="center">+98.36%</td><td class="has-text-align-center" data-align="center">+1,521.20%</td></tr><tr><td class="has-text-align-center" data-align="center">AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>)</td><td class="has-text-align-center" data-align="center">+4.13%</td><td class="has-text-align-center" data-align="center">+483.44%</td></tr><tr><td class="has-text-align-center" data-align="center">Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td><td class="has-text-align-center" data-align="center">+153.45%</td><td class="has-text-align-center" data-align="center">+184.38%</td></tr><tr><td class="has-text-align-center" data-align="center">Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td><td class="has-text-align-center" data-align="center">+53.19%</td><td class="has-text-align-center" data-align="center">+15.21%</td></tr><tr><td class="has-text-align-center" data-align="center">Ark Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>)</td><td class="has-text-align-center" data-align="center">+29.46%</td><td class="has-text-align-center" data-align="center">-8.70%</td></tr></tbody></table></figure>



Earlier in the day, Cramer asked his followers on X to choose between PARC and CARP for the new acronym, before leaning towards PARC on CNBC&#8217;s Mad Money.



Cramer&#8217;s new acronym, however, drew mixed reactions online. When he asked for suggestions from his followers, several users suggested &#8220;CRAP&#8221; over &#8220;PARC&#8221; or &#8220;CARP,&#8221; citing the high valuations of these companies. 



<figure class="wp-block-embed aligncenter 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">New meme acronym: PARC&#8211; Palantir, Applovin, Robinhood and Coinbase (PARC)v Coinbase, Applovin, Robinhood, Palantir (CARP) which should it be?? <a href="https://twitter.com/SquawkStreet?ref_src=twsrc%5Etfw">@SquawkStreet</a> .&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944735366616932690?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: This isn't the first time Cramer has packaged market favorites into catchy acronyms. In the past, he <a href="https://www.benzinga.com/news/21/10/23745812/heres-the-new-acronym-from-jim-cramer-replacing-faang">popularized the term</a> &#8220;FANG&#8221; for Facebook, Amazon, Netflix and Google, which eventually evolved into &#8220;FAANG&#8221; to include Apple. 



Over the years, this acronym has given rise to several ETFs that aim to provide investors with exposure to the group, and the term has since become synonymous with &#8220;big tech.&#8221;



Early this month, Cramer split the FAANG to just &#8220;M-N-Ms,&#8221; referring to Microsoft, Nvidia and Meta Platforms, which have <a href="https://www.benzinga.com/markets/tech/25/07/46240154/not-fang-not-magnificent-seven-just-m-n-ms-jim-cramer-floats-new-tech-acronym-for-these-stocks-that-outpaced-peers">significantly outperformed</a> their &#8220;Magnificent Seven&#8221; counterparts during the year.



<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="146" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-1024x146.png" alt="" class="wp-image-984936" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14224128/Screenshot-2025-07-15-at-8.11.09-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Palantir leads the charge among its PARC peers with a market cap of $351 billion, and according to Benzinga&#8217;s Edge Stock Rankings, it has strong momentum, with a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to see how it compares with Applovin, which ranks a distant second.



Photo courtesy: katz / Shutterstock.com

Markets

ARKK

COIN

HOOD

PLTR

Jim Cramer Made 'FAANG' Popular, Now He Says There's A New Acronym To Describe These Retail Favorite Stocks — 'PARC'

The S&amp;P 500's July rally to fresh record highs hides a troubling divide at the index's core—one not seen since the early 2000s—and no, this time it has nothing to do <a href="https://www.benzinga.com/topic/donald-trump">with Trump's trade policies.</a>



<h3 class="wp-block-heading">S&amp;P 500 Hits Records, But Most Stocks Miss The Party</h3>



While the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) has surged to new record highs, its equal-weighted counterpart, the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), is telling a very different story. 



The ratio between SPY and RSP has now climbed to its highest level since August 2003, underscoring the narrowest market breadth in over two decades.



In plain terms, a small group of megacap stocks is carrying the rally, while the average stock is lagging behind. 



The median S&amp;P 500 constituent is now 11% below its 52-week high, and RSP is down 3% from its late-2024 peak, despite the cap-weighted index breaking records.



Market breadth refers to the number of stocks participating in a rally. Right now, it's historically thin. That's raising eyebrows among investors, not because the bull run is over, but because the gains are concentrated in just a handful of high-performing names.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="525" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14143714/SPY_RSP_2025-07-14_14-07-27_83d76-1024x525.png" alt="" class="wp-image-984577" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14143714/SPY_RSP_2025-07-14_14-07-27_83d76-1024x525.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14143714/SPY_RSP_2025-07-14_14-07-27_83d76-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14143714/SPY_RSP_2025-07-14_14-07-27_83d76-768x394.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14143714/SPY_RSP_2025-07-14_14-07-27_83d76-1536x788.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14143714/SPY_RSP_2025-07-14_14-07-27_83d76-2048x1050.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">What's Going On With Market Breadth?</h2>



According to Goldman Sachs' analyst David J. Kostin, the narrow breadth could set the stage for a short-term shift.



"If our economic and earnings outlooks prove correct, more momentum rotation is likely in store," Kostin said.



Historical data from Goldman shows that during strong macroeconomic turns, lagging stocks tend to catch up—even if the high-flying leaders cool off.



There&#8217;s also an important valuation angle here. Stocks with strong profit margins and solid balance sheets are now trading at significant premiums, while so-called "low quality" stocks remain discounted. If macro conditions improve—meaning lower rates and easing trade tensions—there's room for a rotation into those underperformers.



Still, Kostin remains cautious. "For ‘low quality' stocks to outperform over an extended horizon, we think investors would need to embrace an outlook for stronger economic growth and lower interest rates than our current forecasts indicate," he said.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46392923/une-cpi-inflation-preview-tariffs-markets-fed">June Inflation May Be Hiding A Nasty Surprise For Wall Street </a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Broad U.S. Equity ETFs

ETFs

S&P 500 Record Highs Hide A Fracture Unseen In Decades

Banking giant JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) could provide a detailed look at the health of the American economy and consumer and have a big impact on several ETFs when the company reports second-quarter financial results Tuesday <a href="https://www.benzinga.com/earnings">before market open.</a>



Here are the earnings estimates from analysts, what experts are saying ahead of the report and the key items to watch.



Earnings Estimates: Analysts expect JPMorgan to report second-quarter revenue of $44.17 billion, down from $50.99 billion, according to data<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0714"> from Benzinga Pro.</a>



The company has beaten analyst estimates for revenue in more than 10 straight quarters.



Analysts expect the company to report second-quarter earnings per share of $4.48, up from $4.40 in last year's second quarter. The company has beaten analyst estimates for earnings per share in more than 10 straight quarters.



Read Also: <a href="https://www.benzinga.com/news/25/07/46396595/jpmorgan-citi-to-kick-off-bank-earnings-as-wall-street-sees-profit-boom">JPMorgan, Citi To Kick Off Bank Earnings As Wall Street Sees Profit Boom</a>



What Experts Are Saying: JPMorgan is one of several large financial institutions that will report quarterly financial results this week.



"The sector itself has been outperforming the S&amp;P 500, experiencing new all-time highs and has been a leading sector in the most recent market rebound," Freedom Capital Markets Chief Global Strategist Jay Woods said in a weekly <a href="https://dashboard.mailerlite.com/forms/430322/151045652250363569/share">newsletter</a>.



Because banks have passed the Fed's stress test with "flying colors,&#8221; Woods expects increased growth or potential M&amp;A activity.



"There is hope that a banking renaissance is on the horizon and maybe this quarter will give a more rosy outlook than more recent forecasts,&#8221; he adds.



Here are recent a<a href="https://www.benzinga.com/quote/JPM/analyst-ratings">nalyst ratings on JPMorgan &amp; Chase:</a>



<ul class="wp-block-list">
<li>Truist: Maintained Hold rating, raised price target from $280 to $290</li>



<li>Evercore ISI Group: Maintained Outperform rating, raised price target from $280 to $298</li>



<li>Citigroup: Maintained Neutral rating, raised price target from $250 to $275</li>
</ul>



Key Items to Watch: Woods notes five of the top holdings from the SPDR Select Sector Fund – Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>).



JPMorgan is the second-largest holding in the ETF at 10.87% of assets. The ETF could be highly volatile during a week of multiple earnings releases and the pressure of JPMorgan's report.



Another ETF that could be impacted is the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>). JPMorgan is the 11th largest holding in the ETF that tracks Dow Jones Industrial Average.



Investors and analysts will closely watch JPMorgan for several items in the quarterly results. These include overall revenue, investment banking, Consumer &amp; Community Banking and Commercial &amp; Investment Bank. Such business segments can exhibit growth or a decline in revenue, and possibly gauge the overall health of the American economy.



Another critical factor is commentary from CEO Jamie Dimon regarding the firm&#8217;s future and the banking sector. Dimon offered warnings about geopolitics, tax reform, tariffs, inflation and volatility after the company's<a href="https://www.benzinga.com/25/04/44760533/jpmorgan-kicks-off-earnings-season-strong-investment-banking-wealth-management-lead-revenue-surge"> first-quarter results</a>. Investors and analysts will be looking to see if Dimon remains <a href="https://www.benzinga.com/markets/economic-data/25/06/45888024/jamie-dimon-warns-of-us-economic-dip-tells-managers-to-get-real">concerned or turns optimistic</a>.



Price Action: JPMorgan stock is up 0.4% to $287.94 on Monday versus a 52-week trading range of $190.90 to $296.40. JPMorgan stock is up 20% year-to-date in 2025.



The SPDR Select Sector Fund- Financial ETF is up 8.9% year-to-date in 2025.



Read Next: 



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Image: Shutterstock

Previews

Trading Ideas

JPMorgan Q2 Preview: A 'Banking Renaissance' On The Horizon

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang said that the Chinese military is not using <a href="https://www.benzinga.com/topic/jensen-huang">his company's chips</a> due to export controls and tensions between the U.S. and China. 



The Details: Speaking in a CNN <a href="https://www.cnn.com/2025/07/13/world/video/gps0713-nvidia-us-china-ai">interview</a> on Sunday, Huang argued that China cannot depend on U.S.-made technology for its military needs because access to such technology could be restricted at any time.&nbsp;



"It could be limited at any time; not to mention, there's plenty of computing capacity in China already," Huang said.&nbsp;



"They don't need Nvidia's chips, certainly, or American tech stacks in order to build their military," he added.&nbsp; "They simply can't rely on it."



Read Next:<a href="https://www.benzinga.com/news/health-care/25/07/46355532/unitedhealth-hits-reset-new-head-of-medicaid-appointed-as-ceo-reshapes-team?utm_source=articleShare"> UnitedHealth Hits Reset: New Head Of Medicaid Appointed As CEO Reshapes Team</a>&nbsp;



Huang's remarks come in the context of U.S. export controls that restrict semiconductor firms from selling their most advanced AI chips to Chinese customers.&nbsp;



The Nvidia CEO reiterated his criticism of the export restrictions, saying they have been counterproductive to the United States' goal of maintaining technological leadership. 



According to Huang, for American technology to become the global standard, it must be accessible to all AI developers worldwide—including those in China, who make up about half of the global talent pool.



Industry analysts, such as Daniel Newman of The Futurum Group, note that Huang is carefully balancing relations between Washington and Beijing with an approach designed to keep Nvidia positioned for future opportunities in China while avoiding actions that could provoke U.S. policymakers.



"He needs to walk a proverbial tightrope to make sure that he doesn't rattle the Trump administration," Newman <a href="https://www.cnbc.com/2025/07/14/nvidias-jensen-huang-downplays-us-china-concerns-ahead-of-trip.html">told</a> CNBC.&nbsp;



Why It Matters: Last month, a senior U.S. government official told Reuters that Chinese AI firm DeepSeek is <a href="https://www.benzinga.com/markets/tech/25/06/46062695/nvidia-deepseek-ai-chips-us-china-military-news">actively supporting</a> China's military and intelligence agencies while finding ways to bypass American restrictions on advanced semiconductor exports.&nbsp;



DeepSeek is alleged to have used shell companies in Southeast Asia and other workarounds to obtain large quantities of Nvidia's H100 chips, which are subject to strict export controls. Multiple sources familiar with the situation confirmed that DeepSeek acquired these chips after the U.S. ban was implemented.



What Else: Huang is preparing to leave on his second trip to China this year as Nvidia works on a new chip that will meet the latest export rules.&nbsp;



Last week, Huang also met with President Donald Trump and was warned by lawmakers not to meet with Chinese companies tied to the military or intelligence agencies, or those on the U.S. restricted list.



NVDA Price Action: Nvidia shares were up 0.12% at $165.12 on Monday, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. 



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<li><a href="https://www.benzinga.com/news/politics/25/07/46308025/get-ready-for-800-hours-of-blackouts-trumps-doe-warns?utm_source=articleShare">Get Ready For 800 Hours Of Blackouts, Trump&#8217;s DOE Warns</a>&nbsp;</li>
</ul>



Photo: Shutterstock&nbsp;

Management

Nvidia's Jensen Huang: China Doesn't Need US Chips

After relatively benign inflation reports throughout 2025, the June Consumer Price Index could deliver what Wall Street least expects: the return of hotter price pressures, largely fueled by tariffs. For markets riding all-time highs, this could mean <a href="https://www.benzinga.com/news/econ-s">more pain than gain.</a>



Here's what to expect on Tuesday at 8:30 a.m. ET, when the Bureau of Labor Statistics releases the much-anticipated June inflation report.



<h2 class="wp-block-heading">A Sharp Inflation Acceleration Is On Deck</h2>



Economists anticipate the headline inflation rate to climb from 2.4% in May to 2.7% in June—the highest since January and a pace of acceleration unseen since late 2023. 



On a monthly basis, the CPI is expected to rise 0.3%, up from 0.1% in May, marking the fastest monthly increase of the year.



But this isn't a story driven by energy or other volatile components. The core Consumer Price Index—which strips out food and energy and better reflects underlying inflation trends—is also expected to reheat. 



Forecasts indicate an annual increase from 2.8% to 3%, accompanied by a monthly gain of 0.3%, marking the end of a three-month period of stability.



"Core goods is the main driver of our expected acceleration in core CPI inflation," said Bank of America economist Stephen Juneau in a recent note to clients. The expert sees broad-based price hikes extending beyond used cars, partly due to newly imposed tariffs.



<h2 class="wp-block-heading">Markets Are Complacent—And That&#8217;s The Problem</h2>



Despite mounting signs of upward pressure, traders remain largely unfazed. 



Both the S&amp;P 500 and Nasdaq 100 indices continue to push record highs, and market-based inflation expectations—measured by breakeven rates—remain steady around 2.4% for both 5- and 10-year horizons.



That calm is echoed on Kalshi, the CFTC-regulated prediction market, where traders assign just an 8% chance that June's annual inflation tops 2.7%. In other words, betting on a surprise costs pennies and could pay ninefold.



Such confidence—or overconfidence—sets the stage for potential market disarray should the data come in hot.



<iframe loading="lazy" src="https://kalshi.com/external-widgets/events/KXCPIYOY-25JUN?color_scheme=light&#038;widget_size=medium&#038;variant=a&#038;ids=KXCPIYOY-25JUN-T2.4&#038;ids=KXCPIYOY-25JUN-T2.5&#038;ids=KXCPIYOY-25JUN-T2.6&#038;utm_campaign=benzinga_widget" width="488px" height="196px" style="border:0"></iframe>



<h2 class="wp-block-heading">What Are The Key Drivers Of Inflation?</h2>



Tariffs are front and center. 



Glen Smith, chief investment officer at GDS Wealth Management, said June's CPI "is likely the first inflation report that noticeably reflects higher prices from tariffs," and cautioned that strong inflation could delay any Federal Reserve action on rate cuts.



Bank of America's Juneau noted additional pressure coming from discretionary services like lodging and airfare, which had previously shown deflation but are now expected to rebound. Medical services and shelter costs are also forecast to contribute more than they did in May.



Goldman Sachs' Jessica Rindels sees a slightly cooler core CPI print of 0.23% for June, but said, "tariffs will likely provide a somewhat larger boost to monthly inflation," expecting core inflation to trend between 0.3% and 0.4% in the coming months.



<h2 class="wp-block-heading">What It Means For Markets</h2>



The implications for monetary policy are significant. As of now, futures markets imply a 93% chance the Federal Reserve will cut interest rates twice before year-end, totaling 50 basis points.



But a strong CPI print could change that overnight. If price pressures resurface more broadly, the Fed could remain on hold for longer, delaying relief for borrowers and possibly tightening financial conditions.



For equity markets, a stronger-than-expected inflation reading could slam the brakes on the rally that has pushed the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) up 30% from April lows, with stocks trading at record highs under the assumption that Donald Trump's tariffs won't disrupt growth.



 At the same time, it could hand a much-needed boost to the U.S. dollar. The U.S. Dollar Index remains down 9% year-to-date, yet positioning among investors is heavily bullish. Hotter inflation could validate those bets, as markets would likely dial back expectations for Fed rate cuts in 2025.



Read Next:



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</ul>



Image created using artificial intelligence via Midjourney.

Econ #s

June Inflation May Be Hiding A Nasty Surprise For Wall Street

U.S. equities traded sideways on Monday as investor sentiment wavered following President Donald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to <a href="https://www.benzinga.com/topic/tariffs">take effect August 1.</a>



Investor sentiment was further clouded by inflation concerns ahead of Tuesday's consumer price index release. Economists anticipate an annual rise from 2.4% to 2.7%, suggesting that companies may be starting to pass on higher import costs to consumers.



The second-quarter earnings season for major U.S. banks kicks off Tuesday, with JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) all slated to report results before the bell.



Among sectors, energy stocks lagged as oil prices dropped 1.5% to below $67.60 per barrel. The decline came after Trump stopped short of imposing new sanctions on Russian oil, disappointing markets that had anticipated a tougher stance. While Trump did threaten 100% secondary tariffs on Russian energy exports if a ceasefire isn&#8217;t reached within 50 days, the lack of immediate measures weighed on crude.



In contrast, U.S. natural gas prices rose by more than 3%, with futures surpassing $3.40 for the first time in over a week, as rising LNG exports and forecasts for hotter-than-average weather through late July sustained demand.



The U.S. dollar index strengthened for a third straight session, up 1.4% since the start of July, and potentially snapping a five-month losing streak.



Bond markets saw continued volatility, with the 30-year Treasury yield surging to 4.98% — its highest since early June.



In precious metals, gold slipped 0.3% while silver also edged down 0.3% after hitting a fresh 14-year high last week.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.7% on the day but trimmed earlier gains, pulling back from its record high of $123,278. 



<h2 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day %</td></tr><tr><td>Nasdaq 100</td><td>22,859.07</td><td>0.3%</td></tr><tr><td>Russell 2000</td><td>2,238.86</td><td>0.2%</td></tr><tr><td>S&amp;P 500</td><td>6,262.13</td><td>0.0%</td></tr><tr><td>Dow Jones</td><td>44,372.64</td><td>0.0%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:35 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $573.40.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) held steady at $443.51.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;inched 0.2% higher to $555.64.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) edged 0.2% higher to $222.13.</li>



<li>The&nbsp;Communication Services&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 0.8%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.5%.</li>
</ul>



<h2 class="wp-block-heading">Monday&#8217;s Stock Movers</h2>



<ul class="wp-block-list">
<li>Shares of Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) climbed 1.5% after the company beat analysts&#8217; estimates on both profit and revenue for the second quarter.</li>



<li>Ansys Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>) shares rose 3.9% after Synopsys secured regulatory approval from China for its $35 billion acquisition, paving the way for the deal to close.</li>



<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) fell nearly 5% amid concerns over proposed U.S. tariffs on Mexican imports. The company, heavily reliant on Mexican beer brands, could face rising costs, with analysts projecting a decline in operating margins for its beer segment this fiscal year.</li>



<li>APA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) fell 4% after Jefferies raised its price target to $19 from $17, while maintaining a cautious outlook on the stock. </li>



<li>Defense stocks extended gains on Monday, with the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) hitting fresh record highs after President Donald Trump announced new military equipment shipments to Ukraine.</li>
</ul>



Read now: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46392923/une-cpi-inflation-preview-tariffs-markets-fed">June Inflation May Be Hiding A Nasty Surprise For Wall Street</a></li>
</ul>



Photo: Shutterstock

Analyst Color

Analyst Ratings

ANSS

Wall Street Pauses As Tariff Concerns Rise, Dollar Eyes Third Straight Gain: What's Moving Markets Monday?

<a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noopener">President Donald Trump</a>'s latest salvo on trade policy has rattled markets, and auto giants like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and big tech like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) may bear the brunt. Trump has floated the idea of <a href="https://www.benzinga.com/markets/equities/25/07/46382047/trump-targets-mexico-eu-with-30-tariffs">imposing 30% tariffs</a> on imports from the European Union and Mexico, two regions that play a crucial role in both companies&#8217; global supply chains and revenue streams.



For investors, the risk isn't just theoretical &#8211; it could mean real pressure on margins, pricing and stock performance.



Read Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46384885/peter-schiff-gives-trumps-30-tariff-threat-on-mexico-eu-a-reality-check-america-relies-on-deficits-to-make-up-for-excess-debt-and-consumption">Peter Schiff Gives Trump&#8217;s 30% Tariff Threat On Mexico, EU A Reality Check: America Relies On Deficits To Make Up For Excess Debt And Consumption</a>



<h2 class="wp-block-heading">Apple's Mexican Lifeline Could Snap</h2>



Apple relies increasingly on Mexico for final assembly and component manufacturing, including parts for iPhones, MacBooks, and AirPods. While most of its core manufacturing is based in China, Apple has been actively diversifying its supply chain to mitigate geopolitical risk.



Ironically, these new tariffs could penalize the very diversification strategy that they aim to support. Higher import costs from Mexico could squeeze Apple's margins or force it to pass the costs on to consumers, which is never a good look in a competitive smartphone market.



The EU also represents a significant revenue pool for Apple, with Europe accounting for roughly 24% of total sales in recent quarters. Any retaliation from the bloc could complicate pricing, tax treatment, or even product approvals.



<h2 class="wp-block-heading">Tesla's EU Exposure Makes It Especially Vulnerable</h2>



Tesla may be even more exposed. The company operates a gigafactory in Germany, and the EU is one of Tesla&#8217;s fastest-growing markets outside the U.S. If Trump's tariff policy triggers a trade war or reciprocal measures, Tesla could face hurdles both in exporting parts and in selling vehicles across borders. It's a tough blow just as the EV maker is trying to defend market share against BYD Co (OTCPK: BYDDF) (OTCPK: BYDDY) and legacy automakers.



Investors should pay close attention: while tariffs may not be imminent, the political narrative could impact capital flows and sentiment around multinationals with cross-border footprints.



Read Next:<a href="https://www.benzinga.com/markets/tech/25/07/46374969/jpmorgan-just-hit-delete-on-tesla-and-rivian"> </a>



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46374969/jpmorgan-just-hit-delete-on-tesla-and-rivian">JPMorgan Just Hit &#8216;Delete&#8217; On Tesla And Rivian</a></li>
</ul>



Photo: Shutterstock

Government

Regulations

AAPL

BYDDF

BYDDY

TSLA

Tesla And Apple Face Brand-New Wrecking Ball—Thanks To Trump

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-1024x585.jpeg" alt="" class="wp-image-15741" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-1024x585.jpeg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-300x172.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-768x439.jpeg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



A new unified cloud platform promises to accelerate crypto's app era, dramatically expanding what's possible in decentralized finance (DeFi).



Eigencloud — backed by a $70 investment from Andreesen Horowitz — offers something novel: an Ethereum development infrastructure that makes ‘virtually anything verifiable on-chain.' Just as AWS once unleashed SaaS and the cloud economy, Eigencloud's arrival potentially unlocks a huge array of DeFi use cases.



By blending Web2 flexibility with Web3 verifiability, the aim is to help dApp developers get over their trust issues. The question is: can it really work and scale?



<h1 class="wp-block-heading">The final bridge between FinTech and&nbsp;DeFi?</h1>



Eigen Labs CEO Sreeram Kannan said EigenCloud "will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build on-chain and what blockchains allow them to build."



By expanding the programmability of crypto, Kannan says Eigencloud could make "virtually anything" verifiable on-chain, opening the door to dApp opportunities like fully on-chain gaming, on-chain insurance, more powerful prediction markets, and even "verifiable" AI.



In an echo of how AWS changed the startup economy, EigenCloud aims to spur dApp innovation by allowing developers to access technical services without staking loads of native tokens.



It slashes startup costs and gives new projects the flexibility to use mainstream assets like Ethereum (ETH) and reduce dependence on token issuance.



It seems very similar to the period in the mid-2000s&nbsp;when AWS launched, and server costs began to fall.



<h1 class="wp-block-heading">Trust is the missing&nbsp;link</h1>



EigenCloud's unique selling proposition is based on the&nbsp;<a href="https://www.researchgate.net/publication/373487888_State_of_the_Art_Report_Verified_Computation" rel="noreferrer noopener" target="_blank">verifiable compute</a>&nbsp;thesis, where heavier computing operations can be outsourced from one machine to another for efficiency. It adds mechanisms to ensure trust, for example, verifying that the outsourced machine sends back a complete and error-free result.



To that end, EigenCloud embeds two new primitives, EigenCompute and EigenVerify.



EigenCompute gives developers a container-based environment that removes some of the operational complexity from setting up the external operators. Similar to serverless platforms like AWS Lambda, developers can use it to create custom logic with fewer steps. EigenCloud handles the trust coordination and execution.



EigenVerify introduces a new verification-as-a-service model. Developers can use its pre-built verification modules and write them directly into new dApps, removing the need to create new trust frameworks from scratch. This has the potential to shorten development timelines and accelerate time-to-market.



<h1 class="wp-block-heading">An AWS Model for the Decentralized Web</h1>



The thing that sets EigenCloud apart is its ability to offer verifiability for off-chain processes, mimicking what L1 chains can do on-chain. This gives developers more freedom to build Ethereum applications that use external data or other off-chain resources without compromising integrity.



Key to all of this are the platform's verifiable service composition and cross-chain support features. These enable Ethereum dApps to communicate with actively validated services (AVS), using APIs for things like payment or user authentication. EigenCloud says all three can operate across any L1 or L2, extending the capabilities of new applications.



Once again, the AWS cloud infrastructure analogy seems apropos. SaaS developers leverage AWS' pre-built solutions for storage, compute, and identity management, which can be easily added to new cloud applications. EigenCloud is aiming to bring the same kind of modular development tools to the blockchain.



AVSs, which undergo continuous validation to ensure their security, integrity, and efficiency, are crucial to verifiability.



EigenCloud allows them to be slotted into new dApps like Lego blocks. Rather than requiring each AVS to have its own custom interface, they can simply plug into a shared framework.



Standardization smoothes the way for developers and brings more reusable components into play.



<h1 class="wp-block-heading">The Take&nbsp;Away</h1>



When AWS launched in 2022, it was an interesting side project. Amazon engineers were complaining about the inordinate amount of time they were spending building and maintaining e-commerce infrastructure. ‘The cloud' hadn't even been coined as an industry term.



Today, AWS is the bedrock of the digital economy and a $107 billion cash cow for one of the world's biggest companies. Could Eigencloud follow a similar path?



Featured Image credit: Author

Opinion

Crypto's Cloud Moment Is Here

The European Union has a €21 billion ($24.52 billion) package of tariffs on U.S. goods ready for implementation should ongoing trade negotiations falter, Italy&#8217;s Foreign Minister Antonio Tajani stated in a newspaper interview on Monday, as reported by Reuters.



What Happened: This readiness comes in response to U.S. President Donald Trump&#8216;s recent threat to impose a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46384885/peter-schiff-gives-trumps-30-tariff-threat-on-mexico-eu-a-reality-check-america-relies-on-deficits-to-make-up-for-excess-debt-and-consumption">30% tariff on imports</a> from both Mexico and the EU beginning Aug. 1, following weeks of inconclusive discussions with major trading partners. 



According to Reuters, Tajani informed the daily Il Messaggero that a second set of tariffs could follow the initial €21 billion package if a comprehensive deal with the U.S. proves unattainable.



Despite the escalating tensions, Tajani expressed confidence in the potential for progress in negotiations, emphasizing that &#8220;Tariffs hurt every one, starting with the United States.&#8221;



He further warned that declining stock markets due to tariffs would jeopardize &#8220;the pensions and the savings of the Americans,&#8221; advocating instead for a goal of &#8220;zero tariffs&#8221; and an open market spanning Canada, the United States, Mexico, and Europe.



See Also: <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">Trump Wants Blanket Tariffs Of Up To 20% After Surprise Treasury Surplus In June: Ed Yardeni Says &#8216;Don&#8217;t Push Your Luck&#8217;</a>



Why It Matters: In related developments, the EU announced on Sunday its decision to extend the suspension of countermeasures to U.S. tariffs until early August, aiming to continue pushing for a negotiated settlement.



Reuters also highlighted comments from German Chancellor Friedrich Merz, who on Sunday pledged to collaborate closely with French President Emmanuel Macron and European Commission President Ursula von der Leyen to de-escalate the burgeoning trade dispute.



Echoing the sentiment for a resolution, European Trade Commissioner Maros Sefcovic stated on Monday that Washington and Brussels were nearing a mutually beneficial outcome, cautioning that a 30% tariff would effectively &#8220;practically eliminate trade.&#8221;



In a Sunday post on X, Peter Schiff cautioned against Trump&#8217;s rationale for 30% tariffs, which states that reducing trade deficits with these regions signifies <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46384885/peter-schiff-gives-trumps-30-tariff-threat-on-mexico-eu-a-reality-check-america-relies-on-deficits-to-make-up-for-excess-debt-and-consumption">unfair economic arrangements</a>. 



Schiff, however, disputes this premise, contending that these deficits stem from more profound structural issues within the American economy, rather than being a consequence of disadvantageous or inequitable trade agreements. &#8220;He blames unfair trade for our deficits,&#8221; Schiff stated, further clarifying that these deficits are, in fact, &#8220;the result of excessive debt and consumption, alongside inadequate savings and investment.&#8221;



<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">Trump just threatened 30% tariffs on all Mexican and European imports starting August 1st. He blames unfair trade for our deficits. But America relies on those deficits to compensate for the consequences of excessive debt and consumption, and inadequate savings and investment.&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1944041820897317042?ref_src=twsrc%5Etfw">July 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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, were lower in premarket on Monday. The SPY was down 0.32% at $621.60, while the QQQ declined 0.34% to $552.31, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Read Next:



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<li><a href="https://www.benzinga.com/markets/hedge-funds/25/07/46386374/stanley-druckenmillers-duquesne-dumps-palantir-bets-big-on-this-dividend-play-which-has-surge" target="_blank" rel="noreferrer noopener">Stanley Druckenmiller's Duquesne Dumps Palantir, Bets Big On This Dividend Play Which Has Surged Nearly 50% In 2025</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 



Image via Shutterstock

EU Prepares $24.5B In Tariffs As Trump Threatens 30% Import Tax On Mexico, Europe

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged to a fresh all-time high of $123,231 on Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on Monday morning, capping off a historic week that saw digital asset investment products record <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">$3.7 billion in inflows</a>.



This was the second-largest weekly total ever, according to CoinShares data, with the rally <a href="https://blog.coinshares.com/volume-242-digital-asset-fund-flows-weekly-report-4ad0c63a8def">pushing</a> total assets under management (AuM) for crypto exchange-traded products (ETPs) to a record $211 billion.



It also marked the 13th consecutive week of inflows, bringing year-to-date figures to $22.7 billion and underscoring growing investor appetite despite volatile macroeconomic conditions.



Bitcoin led the inflow charts, attracting $2.7 billion over the week. 



Its total AuM now stands at $179.5 billion, equivalent to 54% of the value held in gold ETPs for the first time. 



Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) followed with $990 million in inflows, its fourth-largest weekly tally and 12th consecutive week of positive flows. 



The inflows represent 19.5% of Ethereum's total AuM, nearly double Bitcoin's 9.8%.



Also Read: <a href="https://www.benzinga.com/markets/25/07/46375324/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a>



Ethereum's price responded in kind, rising 18% over the past week to trade above $3,000



Meanwhile, Ripple&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) rose 7% to $2.97, though it also saw the largest outflows of the week, totaling $104 million. Solana bucked the trend with $92.6 million in inflows.



Among the altcoins, Stellar (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xlm/usd">XLM</a>) was the standout performer, posting a 90% surge over the week as retail interest spiked amid broader market optimism.



Regionally, the United States dominated with $3.7 billion in inflows, while Germany recorded $85.7 million in outflows. 



Switzerland and Canada saw modest gains of $65.8 million and $17.1 million, respectively.



The growing momentum in digital asset products and Bitcoin's new all-time high suggest institutional capital is returning to the crypto markets with renewed confidence, buoyed by inflation hedging narratives and continued ETF adoption.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/07/46374478/bitcoin-sets-all-time-high-at-118-909-ethereum-xrp-surge-8-each">Bitcoin Sets All-Time High At $118,909, Ethereum, XRP Surge 8% Each</a></li>
</ul>



Image: Shutterstock

$XLM

$XRP

Bitcoin Shatters All-Time High To Hit $123,000 As Ethereum Cracks $3,000 And XRP Taps $3

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will introduce Elon Musk-led artificial intelligence company xAI's Artificial Intelligence model Grok to select models of the Tesla line-up in the U.S.



Check out the current price of <a href="https://www.benzinga.com/quote/TSLA">TSLA stock here.</a>



What Happened: The EV giant will roll out Grok on select Tesla vehicles. Influencer Sawyer Merritt took to social media platform X on Sunday to outline the criteria for running Grok.



"For now, it&#8217;ll only be available to Teslas in the U.S. and with cars that have an AMD Ryzen chip," the influencer said in his post. He also outlined that users can check the settings menu on their Tesla to see what chip their cars are running.



"Teslas with Intel chips won&#8217;t be able to use Grok," Merritt added in the post. Grok will also be available in multiple voices, but it won't be able to issue commands to the vehicle, Merritt said.



<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">Grok (Beta) will start rolling out to Tesla vehicles soon. For now, it&#39;ll only be available to Teslas in the U.S. and with cars that have an AMD Ryzen chip. You can check what chip you have by going to Settings &gt; Software &gt; Additional Vehicle Info. Teslas with Intel chips won&#39;t… <a href="https://t.co/zEVboY2LUK">pic.twitter.com/zEVboY2LUK</a>&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1944063888493850870?ref_src=twsrc%5Etfw">July 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: The news comes in as there has been considerable buzz around Musk exploring options to merge xAI with Tesla and SpaceX. Investor Chamath Palihapitiya thinks such a merger <a href="https://www.benzinga.com/markets/large-cap/25/07/46385300/tesla-xai-and-spacex-merger-chamath-palihapitiya-floats-industrial-logic-for-union-of-elon-musk-led-companies-this-would-be-pretty-logical">would be "logical."</a>



Amid the rumblings of a merger, Musk took to social media to tease the "<a href="https://www.benzinga.com/markets/tech/25/07/46386130/elon-musk-teases-most-epic-demo-ever-by-2025-end-as-tesla-struggles-amid-declining-sales-trump-ending-ev-mandate">most epic demo</a>" by Tesla towards the end of the year. The post could hint at possible developments with Tesla's Optimus robot or even the Cybercab.



Elsewhere, Musk's feud with President Donald Trump continues as the billionaire attacked Trump again over the Jeffrey Epstein <a href="https://www.benzinga.com/news/politics/25/07/46384692/elon-musk-says-trump-wants-everyone-to-stop-talking-about-epstein-reiterates-demand-that-president-just-release-the-files">client files row</a>, claiming that the President wants everyone to "forget" about the case.



<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="956" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14044757/image-148.png" alt="" class="wp-image-983542" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14044757/image-148.png 956w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14044757/image-148-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14044757/image-148-768x114.png 768w" sizes="(max-width: 956px) 100vw, 956px" /></a></figure>



Tesla offers satisfactory Momentum and Quality while scoring well on the Growth metric, but offering poor 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's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>



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<li><a href="https://www.benzinga.com/markets/tech/25/07/46362407/tesla-sales-slump-prompts-panasonic-to-delay-4-billion-us-battery-plant-expansion-report">Tesla Sales Slump Prompts Panasonic To Delay $4 Billion US Battery Plant Expansion: Report</a></li>
</ul>



Photo courtesy: JRdes / Shutterstock.com

Will Your Tesla Car Support Grok? Only These Vehicles Will Be Able To Run Elon Musk-Led xAI's Latest AI Model

U.S. stock futures were lower on Monday after ending on a negative note on Friday. Futures of major benchmark indices were lower.



President Donald Trump, in a telephone interview with NBC News' &#8220;Meet the Press&#8221; moderator Kristen Welker, asserted that &#8220;The tariffs have been very well received.&#8221; He believes that if a 10% tariff can generate around $300 billion annually, a 20% rate could <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">double that intake</a>. 



Meanwhile, the European Union was ready with a prepared list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two sides fail to reach a trade deal, reported Reuters, highlighting Italy&#8217;s Foreign Minister Antonio Tajani&#8216;s comments. 



He also issued, latest threats to impose a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46384885/peter-schiff-gives-trumps-30-tariff-threa">30% tariff on all imports</a> from Mexico and the EU. 



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) scaled fresh highs on Monday as the cryptocurrency hit a fresh high of $123,091.61 per coin.



The 10-year Treasury bond yielded 4.42% and the two-year bond was at 3.89%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 93.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.32%</td></tr><tr><td>S&amp;P 500</td><td>-0.31%</td></tr><tr><td>Nasdaq 100</td><td>-0.31%</td></tr><tr><td>Russell 2000</td><td>-0.38%</td></tr></tbody></table></figure>



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, were lower in premarket on Monday. The SPY was down 0.27% at $621.94, while the QQQ declined 0.27% to $552.73, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



On Friday, while most sectors on the S&amp;P 500 closed lower, notably financial, health care, and materials stocks recorded the steepest declines, energy and consumer discretionary stocks defied the broader market downturn, concluding the session higher.



This mixed performance occurred a day after the S&amp;P 500 reached a new record high, ultimately leading U.S. stocks to settle lower.



The broader market reflected these losses over the past week, with the Dow Jones dropping 1% and the S&amp;P by 0.3%.



Fueling market jitters, Trump signaled a more aggressive trade stance, announcing a 35% tariff on Canadian imports effective Aug. 1, alongside proposed blanket duties of 15% to 20% on most other trading partners.



In corporate news, WD-40 Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) reported better-than-expected earnings for its third quarter, though its sales figures fell short of estimates.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-0.22%</td><td>20,585.53</td></tr><tr><td>S&amp;P 500</td><td>-0.33%</td><td>6,259.75</td></tr><tr><td>Dow Jones</td><td>-0.63%</td><td>44,371.51</td></tr><tr><td>Russell 2000</td><td>-1.26%</td><td>2,234.83</td></tr></tbody></table></figure>



Insights From Analysts:



Jim Cramer in an X post reflected his concern over tariffs linked to Trump&#8217;s policies.



<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">Back to the old pattern of woe off of Trump.. The whole tariff thing will be &quot;fine&quot; until it implodes of there is endless re-trading &#8230;&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944575812734157284?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, Ed Yardeni from Yardeni Research highlighted the surplus of just over <a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-don">$27 billion in June</a>, reported by the U.S. Treasury Department, saying that Trump "must have loved the headline… ‘Treasury posts unexpected surplus in June as tariff receipts surge."



However, he warned that tariffs are essentially "a tax on U.S. importers," which can erode corporate profit margins and profits. While rebounding productivity growth might offer some offset, the potential impact on businesses remains a significant concern.



Adding about the market reaction to tariffs, Yardeni said, &#8220;The selloffs in the bond and stock markets back then forced Trump to deescalate his trade war. That's not happening now—not so far at least. This undoubtedly is emboldening Trump.&#8221;



Speculating on how the financial markets will respond this week to his latest escalation, Yardeni said that perhaps investors have learned that Trump's huffing and puffing is simply the way he negotiates trade deals.



&#8220;They are betting that it will work and result in lots of deals. They've also learned that Trump can change his mind often. So if some trade deals aren't coming together fast enough, he'll settle on a vague letter of understanding to work out a deal over time.&#8221;



The risk for the economy and investors is that Trump has concluded that if the financial markets aren't going to be vigilant about his trade war, then he can proceed with it unchecked, explained Yardeni. &#8220;If so, then TTT (Trump&#8217;s Tariff Turmoil) will last past the summer.&#8221;



Yardeni said in a LinkedIn <a href="https://www.linkedin.com/pulse/trumps-reign-tariffs-aint-over-edward-yardeni-eshve/">post</a>, &#8220;Then again, investors may agree with our current view that &#8216;this too shall pass&#8217; by the end of the summer: The economy will remain resilient, and inflation will remain surprisingly moderate. It all adds up to a relatively normal seasonal pattern, with the stock market weak during the late summer through the fall followed by a year-end rally to 6500 in our scenario.&#8221;



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on this week:



<ul class="wp-block-list">
<li>No significant data is scheduled to be released on Monday.</li>



<li>On Tuesday, June&#8217;s headline and core consumer price index data, and the Empire State manufacturing survey will be released by 8:30 a.m. ET.</li>



<li>Fed Governor Michelle Bowman will speak at 9:15 a.m., Fed Governor Michael Barr will speak at 12:45 p.m., Boston Fed President Susan Collins will speak at 2:45 p.m., and Dallas Fed President Lorie Logan will speak at 6:45 p.m. ET.</li>



<li>On Wednesday, June&#8217;s headline and core producer price index data will be out by 8:30 a.m. ET.</li>



<li>June&#8217;s industrial production and capacity utilization will be announced by 9:15 a.m. ET.</li>



<li>Federal Reserve Governor Michael Barr will speak again at 10:00 a.m., Fed&#8217;s beige book data will be out by 2:00 p.m., and New York Fed President John Williams will speak at 6:30 a.m. ET.</li>



<li>On Thursday, the initial jobless claims data for the week ended July 5, June retail sales, import price index, and Philadelphia Fed manufacturing survey will all be out by 8:30 a.m. ET.</li>



<li>May&#8217;s business inventories data and July&#8217;s home builder confidence index data will be out by 10:00 a.m. ET.</li>



<li>Fed Governor Adriana Kugler will speak at 10:00 a.m., San Francisco Fed President Mary Daly will speak at 12:45 p.m., Fed Governor Lisa Cook will speak at 1:30 p.m., and Fed Governor Christopher Waller will speak at 6:30 p.m. ET.</li>



<li>On Friday, June&#8217;s housing starts and building permits data will be out by 8:30 a.m., and preliminary consumer sentiment data for July will be released by 10:00 a.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was up 3.41%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 1.76%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 3.86%, MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 4.75% higher, along with all the other Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46385840/michael-saylors-strategy-coinbase-mara-riot-and-other-crypto-related-stocks-spike-after-hours-as-bitcoin-touches-all-time-high-beyond-122000">exposed stocks</a> as the cryptocurrency hit a fresh high of $123,091.61 on Monday.</li>



<li>Datavault AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVLT#NASDAQ">DVLT</a>) jumped 15.64% in premarket on Monday after the company entered into a licensing deal with IBM for program subscriptions.</li>



<li>BIT Mining Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) surged 40.40% after it announced strategic expansion into the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) ecosystem, marking a significant shift in the company&#8217;s growth strategy. The cryptocurrency mining company plans to establish an SOL treasury of up to $300 million.</li>



<li>Sequans Communications SA ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) climbed 14.67% after closing a $384 million strategic investment to launch a Bitcoin treasury initiative last week. The financing consists of a $195 million PIPE (Private Investment in Public Equity) and $189 million in convertible debentures due July 7, 2028.</li>



<li>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) was up 2.94% as analysts expect it to report earnings of 28 cents per share on revenue of $2.07 billion before the opening bell.</li>



<li>FB Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) was unchanged as it is expected to report earnings after the closing bell. Analysts estimate earnings of 88 cents per share on revenue of $136.32.</li>



<li>Simulations Plus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) was 5.07% higher as analysts expect it to report earnings of 7 cents per share on revenue of $20.88 million after the closing bell</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.72% to hover around $68.94 per barrel.



Gold Spot US Dollar rose 0.33% to hover around $3,367.09 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.09% at the 97.9400 level.



Asian markets ended on a mixed note on Monday, as India's S&amp;P BSE Sensex, Japan's Nikkei 225, and Australia's ASX 200 indices fell. While China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi indices rose. European markets were mostly lower in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46386524/trump-wants-blanket-tariffs-of-up-to-20-after-surprise-treasury-surplus-in-june-ed-yardeni-says-dont-push-your-luck">Trump Wants Blanket Tariffs Of Up To 20% After Surprise Treasury Surplus In June: Ed Yardeni Says &#8216;Don&#8217;t Push Your Luck&#8217;</a></li>
</ul>



Photo courtesy: godongphoto / Shutterstock.com

$SOL

BTCM

DVLT

MARA

MSTR

RIOT

SQNS

WDFC

US Stocks Likely To Open Lower As Trump's 20% Blanket Tariff Bombshell Weighs On Markets: Bitcoin-Linked Stocks MSTR, COIN Jump As BTC Touches $123,000

Entrepreneur and investor Anthony Pompliano hailed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as the ultimate solution to the global issue of currency debasement and the &#8220;most important technology invention&#8221; of the current era on Sunday.



What Happened:&nbsp;In an X post, Pompliano&nbsp;emphasized the potential of Bitcoin to counteract the economic damage caused by currency debasement.



&#8220;Gold served that purpose for thousands of years, but it is impractical for people to access, store, and use a physical product in today&#8217;s digital age,&#8221; he argued.



<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">Bitcoin is the only technology I am aware of that can solve the universal problem of currency debasement shared by billions of people in our modern world. Gold served that purpose for thousands of years, but it is impractical for people to access, store, and use a physical…&mdash; Anthony Pompliano &#x1f32a; (@APompliano) <a href="https://twitter.com/APompliano/status/1944398737884729357?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Pompliano identified Bitcoin as &#8220;humanity&#8217;s best bet&#8221; for protecting people against central bank and government overreach, a theme that BTC maximalists routinely espouse.



&#8220;It may still be controversial today, but I truly believe Bitcoin will go down as the most important technology invention of our lifetime,&#8221; he predicted. 



Pompliano also remembered Satoshi Nakamoto, stating that &#8220;we owe so much&#8221; to <a href="https://www.benzinga.com/topic/satoshi-nakamoto">Bitcoin&#8217;s pseudonymous creator</a>.



See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/22/06/27491303/tim-draper-bitcoins-road-to-250-000-will-be-led-by-women" target="_blank" rel="noreferrer noopener">Tim Draper: Bitcoin&#8217;s (BTC) Road To $250,000 Will Be Led By Women</a>



Why It Matters:&nbsp;Pompliano&#8217;s comments come at a time when <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46385840/michael-saylors-strategy-coinbase-mara-riot-and-other-crypto-related-stocks-spike-after-hours-as-bitcoin-touches-all-time-high-beyond-122000">Bitcoin is making historic strides</a>. The apex cryptocurrency soared above $123,000, extending a record-breaking rally that defied gravity.



Pompliano, one of the most ardent Bitcoin advocates, projected earlier this month that the leading cryptocurrency would <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46188791/anthony-pompliano-says-bitcoin-to-reach-a-gazillion-driven-by-massive-money-printing-in-a-heated-economy">soar to a &#8220;gazillion,&#8221;</a> driven by massive money printing in a heated economy.



Last week, he deemed Bitcoin as the &#8220;<a href="https://www.benzinga.com/crypto/25/07/46335745/bitcoin-hits-historic-high-above-112000-noted-investor-says-if-you-cant-beat-it-you-have-to-buy-it">new hurdle rate,&#8221;</a> suggesting that it has crossed the benchmark required to be considered a viable investment.



Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $122,367.95, up 3.66% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;



Read Next:&nbsp;



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<li><a href="https://www.benzinga.com/crypto/25/07/46385394/rich-dad-poor-dad-author-robert-kiyosaki-says-he-will-buy-one-more-bitcoin-asap-as-btc-breaks-122000">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Says He Will Buy &#8216;One More&#8217; Bitcoin ASAP As BTC Breaks $122,000</a></li>
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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>



Photo Courtesy: PV productions on Shutterstock

Bitcoin Is Humanity's 'Best Bet' Against Currency Debasement, Says Anthony Pompliano: 'We Owe So Much To Satoshi Nakamoto'

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