The OCC on July 10 granted Circle Internet Group approval for a national trust bank charter — the first awarded to a stablecoin issuer — sending Circle shares up 13% and placing USDC reserves under direct federal oversight.
Category: Markets
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SK Hynix soars 13% in record $26.5 billion Nasdaq debut, biggest foreign IPO on Wall Street
SK Hynix’s ADRs rose 13% on their first trading day July 10, raising $26.5 billion in the largest-ever foreign listing on Wall Street and cementing the AI memory boom as an investor priority.
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Steel Partners bids $16.75 a share for InMode, topping CEO’s own buyout offer
Steel Partners offered $16.75 per share to acquire InMode on July 9, topping CEO Mizrahy’s own $16.20 buyout bid and demanding his removal for alleged governance failures.
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Brent crude tops $78 on fresh US strikes as Trump weighs targeting Kharg Island
Brent crude settled above $78 a barrel on Wednesday, up more than 5%, after the US launched a second day of strikes on Iran, the US Treasury revoked Tehran’s oil sanctions waiver, and Iran threatened to close the Strait of Hormuz.
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Gemini launches commission-free stock trading in push toward financial super app
Crypto exchange Gemini expanded into US-listed equities on 7 July 2026, adding thousands of commission-free stocks and ETFs to a platform already spanning crypto spot, derivatives, and prediction markets.
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SpaceX enters the Nasdaq-100 today, triggering .3 billion in forced index buying
SpaceX joins the Nasdaq-100 on 7 July under a rule change that shortens the eligibility window to 15 trading days, creating an estimated 4.3 billion dollars of forced buying from ETFs tracking the index.
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Bending Spoons raises $1.68 billion and surges 40% in Nasdaq debut
The Italian company behind AOL, Vimeo and Evernote priced at $29 and closed its first trading day at $40.50, giving it a market cap of roughly $25 billion on July 1.
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COMEX copper hits record 652,000-tonne stockpile as US tariff ruling approaches
US copper inventories have surged eightfold to a record 652,200 tonnes as buyers front-run a Section 232 tariff decision that could impose a 30% levy on refined copper imports by 2028.
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US crypto market structure bill stalls in Senate as August recess threatens passage
The CLARITY Act’s odds of Senate passage have fallen to 48% after ethics and law-enforcement talks collapsed, with only 31 session days left before the August recess.
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Dow closes at record 52,900 as gold tops $4,182 on June payrolls miss
The Dow hit a record 52,900 on 2 July and gold surged to $4,182 as the June jobs miss slashed the odds of a Federal Reserve rate hike at its 29 July meeting.