Yesterday, the US Bitcoin Spot ETF saw a net inflow of $49.1 million, while the Ethereum Spot ETF saw a net outflow of $19.4 million.

According to Arkham’s monitoring, addresses linked to Alameda Research transferred a total of $8.25 million worth of SOL to BitGo’s custodial wallet via 24 transactions, with the transfers speculated to be used for compensating FTX creditors. Arkham data shows Alameda still holds over $200 million worth of SOL currently.

The New York City Council is investigating the advertising practices of prediction market platforms Polymarket, Kalshi, Coinbase, and Titan, a prediction market platform under Gemini, as the prediction market industry faces new regulatory pressure. New York City Council Speaker Julie Menin has sent letters of inquiry to the four platforms as part of the legislative investigation, to assess whether existing city laws sufficiently protect residents from false or deceptive marketing. Additionally, the council is reviewing relevant policies to address issues such as prediction market products possibly inducing users to engage in "forced speculation" on event contracts. In its letter to Polymarket, the council noted that the investigation not only covers allegations against the platform but will also evaluate the prevalence of similar marketing practices across the entire prediction market industry and their potential social harms.

Wall Street analysts overall hold constructive views on AI dedicated computing cloud service provider CoreWeave’s Q2 results, which reached $2.575 billion in revenue, up 112% year-over-year. They attribute the company’s better-than-expected performance mainly to strong growth in demand for AI infrastructure and improved profit margins. Five analysts raised their price targets: Wells Fargo to $160 (overweight rating), Piper Sandler to $153 (overweight rating), Baird to $130 (outperform the market rating), citing growth in net new active megawatts, strong Q3 bookings, and diversification of enterprise AI applications. JPMorgan and Mizuho maintained neutral ratings while slightly lifting their price targets to $120 and $115 respectively, noting that while Q2 margins improved, near-term revenue upside still faces uncertainty.

Cloud computing firm Nebius (NBIS) released its Q2 financial results, with the company’s Q2 revenue hitting $582.3 million, a 454% increase from $105.1 million in the same period last year. Adjusted EBITDA for the second quarter stood at $236.2 million, compared to a loss of $21 million in the year-ago period, turning profitable; adjusted net loss narrowed 64% to $33.2 million, from a net loss of $91.5 million in the same period last year. However, the company’s net loss from continuing operations in Q2 was $190.4 million, versus a net profit of $502.5 million in the year-ago quarter. For the first half of 2026, Nebius’ cumulative revenue reached $981.3 million, up 529% year-over-year; adjusted EBITDA came in at $365.7 million, compared to a loss of $74.7 million in the same period last year.

Goldman Sachs analyst James Schneider maintained a "Buy" rating and a $285 price target for Nvidia ahead of the chipmaker’s second-quarter earnings release. The firm anticipates investors will zero in on details of Nvidia’s recently announced $500 billion financing platform launched in partnership with its partners, the ramp-up of its Rubin product line in the second half of the year, future gross margin trends, and the potential upside of agent AI for CPUs.

According to an analysis by Societe Generale, artificial intelligence (AI) could accelerate the development of a K-shaped economy, an economic model where gains are increasingly concentrated among those already at the top. The analysis notes that while AI may help narrow wage gaps by enabling less specialized workers to complete more complex tasks, its impact on wealth could be vastly different. Since AI rewards computational power, models, data, and ownership of financial assets, this could further concentrate wealth. This trend is already evident in the AI "winners" that are increasingly dominating stock markets and corporate profits.