Thursday July 3, 2025
The United States of America has long been the driving force behind the world’s most important technological breakthroughs and continues to lead in the next wave of digital transformation. Seminal inventions like the microprocessor, the internet, and the smartphone all emerged from US labs and boardrooms. Companies like IBM $IBM, Intel $INTC, and Apple $AAPL built the foundation, and Microsoft $MSFT, Google $GOOGL and Amazon $AMZN scaled it globally. Today, Nvidia $NVDA provides the computational muscle behind breakthroughs in AI, and companies like OpenAI, xAI, Perplexity and Anthropic are setting the standard for next-generation software intelligence.
America’s innovation doesn’t stop at productivity tools, it extends into how we work, play, and exchange value. In gaming, Take-Two $TTWO, Electronic Arts $EA, and Epic Games pioneered immersive digital worlds, shaping a global cultural phenomenon that now rivals film and television. In AI, players like Tesla $TSLA, Amazon $AMZN, Google $GOOGL, and Meta $META are deploying large-scale models in everything from autonomous driving to personal assistants. And in digital currency and blockchain infrastructure, US firms like Coinbase $COIN, PayPal $PYPL, Robinhood $HOOD and Circle $CRCL are at the forefront of building the next iteration of financial systems.
Whether it's chips or crypto, code or content, the United States remains the primary architect of the technologies that are defining modern life. The next industrial revolution is underway and it’s being made in America.
Have an enjoyable Fourth of July weekend and God Bless America.🇺🇸
◾ OpenAI pushed back against Robinhood’s $HOOD tokenized share offering, clarifying that the tokens do not represent equity and that no equity transfer approvals were granted. (X)
◾ The US government is loosening export controls on chip design software for China. (Bloomberg)
◾ Coinbase $COIN is acquiring token management platform LiquiFi. (Coinbase)
Government & NGO Actions
◾ SEC Chair Paul Atkins called tokenization “an innovation,” emphasizing the agency’s responsibility to support financial market innovation. (CNBC)
Financial Notices & Public Company Releases
◾ Cipher Mining $CIFR June operational results
Bitcoin mined: 160
Bitcoin sold: 58
Hashrate: 16.8 EH/s
Bitcoin balance: 1,063
◾ DMG Blockchain $DMGGF June operational results
Bitcoin mined: 23 BTC
Hashrate: 1.56 EH/s
Bitcoin balance: 341 BTC
◾ Sol Strategies $HODL July update
SOL Holdings: 392,667 SOL (~CAD $82.6mm)
SOL Assets Under Delegation: 3,745,116 SOL
Unique Wallets Served: 5,520
◾ Chinese logistics and garment manufacturing holding company Addentax Group ATXG entered a non-binding term sheet to acquire 12,000 bitcoin ($1.3 billion) using company stock. (PRNewswire)
◾ Bit Digital $BTBT raised its offering to $163 million after underwriters exercised their option to buy an additional $21 million in shares.. (PRNewswire)
◾ DeFi Development $DEFI upsized its 5-year 5.5% convertible notes offering to $112 million. (Globenewswire)
◾ Corsair Gaming $CRSR refinanced its debt with a $100 million revolving credit facility and a $125 million term loan. (Corsair)
◾ BTCS $BTCS projected record-breaking revenue for the second quarter. (Newsfilecorp)
◾ Mogo received board approval to allocate $50 million toward bitcoin as a treasury strategy. (Businesswire)
◾ Genius Group $GNS expanded its bitcoin treasury holdings to 120 BTC. (Globenewswire)
◾ AgriFORCE Growing Systems $AGRI deployed new bitcoin miners at its facility in Oyen, Alberta. (Globenewswire)
◾ Pioneer AI Foundry announced a $2 million note offering. (Newsfilecorp)
◾ Universal Digital is launching 2 double leveraged single stock ETFs: LFG Daily (2X) MSTR Long ETF $ MSTU, and LFG Daily (2X) COIN Long ETF $COIU. (Newsfilecorp)
Restructuring, Hacks, Losses & Legal News
◾ Microsoft is laying off 4% of its workforce, approximately 9,000 people. (NYTimes)
AI Announcements
◾ Microsoft $MSFT is scaling back its AI chip roadmap, with less ambitious designs now expected through 2028. (TheInformation)
◾ OpenAI agreed to procure 4.5 GW of power from Oracle $ORCL at a projected annual cost of $30 billion for its Stargate infrastructure initiative. (FT)
◾ AI-startup Anthropic’s revenue surpassed $4 billion in ARR. (TheInformation)
Protocols, Applications & Business News
◾ Silicon Valley investors including Peter Thiel, Joe Lonsdale and Palmer Luckey are founding Erebor, a US bank focused on serving start-ups and crypto firms. (FT)
◾ JD.com and Alibaba are urging China’s central bank to greenlight a yuan-based stablecoin in Hong Kong to counter the dollar’s expanding digital footprint. (Reuters)
◾ S&P Global $SPGI and JPMorgan $JOM are testing blockchain solutions for asset record-keeping and payment processes in carbon markets. (SPGlobal)
◾ Ripple is seeking a US national banking charter. (Reuters)
◾ Belgium’s KBC Bank plans to offer bitcoin and ether investment products to its clients. (Lecho.be)
Metaverse & Gaming Briefings & Activations
◾ Chuck E. Cheese is introducing a new arcade concept tailored for adults. (QSRmagazine)
Market Data
◾ Elliptic’s State of Crypto Scams 2025 reports that up to 56% of all fraud losses in major economies stem from crypto-related scams. (Elliptic)
Thoughts on the Ecosystems
◾ The CEO of Sberbank stated that the digital ruble’s only viable application would be in cross-border transactions. (Reuters)