Fulcrum Therapeutics Stock (NASDAQ: FULC)

Dernières nouvelles pour Fulcrum Therapeutics (NASDAQ:FULC) Stock

FULCRUM THERAPEUTICS INC

Fulcrum Therapeutics

Fulcrum Therapeutics Inc is a clinical-stage biopharmaceutical company. The company's programs in clinical development are losmapimod, a small molecule for the treatment of facioscapulohumeral muscular dystrophy (FSHD) and FTX-6058, a small molecule designed to increase expression of fetal hemoglobin for the treatment of sickle cell disease and other hemoglobinopathies, including beta-thalassemia.

Billionaire investor Chamath Palihapitiya sparked speculations regarding a potential megamerger between Elon Musk&#8217;s biggest ventures, xAI, SpaceX, and, of course, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Check out the current price of&nbsp;<a href="https://www.benzinga.com/quote/TSLA" target="_blank" rel="noreferrer noopener">TSLA stock here.</a>
What Happened: On Sunday, in a post on X, Palihapitiya made the case for a merger cascade between Musk&#8217;s ventures, xAI, which owns X.com, Grok, and more, with his space exploration, autonomous vehicles and EV plays.
He suggests that merging the three could give rise to a singular, transformative entity centered on &#8220;consciousness in all of its forms,&#8221; one that spans the physical, digital, and extraterrestrial realms.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46380521/elon-musk-rejects-reports-that-xai-is-looking-to-raise-additional-funds-at-200-billion-valuation-we-have-plenty-of-capital">Elon Musk Rejects Reports That xAI Is Looking To Raise Additional Funds At $200 Billion Valuation: &#8216;We Have Plenty Of Capital&#8217;</a>
&#8220;I&#8217;m here for it,&#8221; Palihapitiya says, adding that the outcome would be &#8220;pretty logical&#8221; in his opinion, with all three companies now centering around AI. 
This comes amid growing interest in Musk&#8217;s expanding empire, and how artificial intelligence can bind them all together. Tesla is leaning heavily into self-driving and robotics, SpaceX is integrating machine learning into space navigation and satellite networks, while xAI, Musk&#8217;s latest venture, focuses on building artificial general intelligence.
In his post, Palihapitiya uses the term &#8220;industrial logic,&#8221; suggesting that he sees strategic alignment with such a merger. From Tesla&#8217;s hardware and xAI&#8217;s software, to SpaceX&#8217;s infrastructure plays, all aligned in a single, vertically integrated platform.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">AI may be the industrial logic that can drive the following merger cascade: xAI —&gt; Tesla —&gt; SpaceX This would be pretty logical imo. One company focused on consciousness in all of its forms &#8211; physical, digital, beyond earth. I'm here for it.
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1944291098878238835?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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Why It Matters: Nearly five years ago, Musk himself had approved of this idea to <a href="https://www.benzinga.com/tech/20/12/18915031/elon-musk-floats-idea-of-starting-one-parent-company-to-hold-tesla-spacex-boring-neuralink">form a holding company</a> named X, which would work as the parent company for his many ventures, such as Tesla, SpaceX, Boring and Neuralink.
This comes just months after Musk&#8217;s xAI <a href="https://www.benzinga.com/tech/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">acquired his social media platform</a>, X.com, formerly known as Twitter, in an all-stock deal valued at $33 billion. 
Musk&#8217;s SpaceX now plans to invest $2 billion into xAI, according <a href="https://www.benzinga.com/tech/20/12/18915031/elon-musk-floats-idea-of-starting-one-parent-company-to-hold-tesla-spacex-boring-neuralink">to</a> a report by the Wall Street Journal on Sunday, as part of a $5 billion funding round. This values the company at $113 billion.
Price Action: Tesla shares were up 1.17% on Friday, trading at $313.51, and are up 0.85% after hours.
<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/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-1024x146.png" alt="" class="wp-image-983274" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-1024x146.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM-768x109.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14013303/Screenshot-2025-07-14-at-11.02.51-AM.png 1530w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla shares score high on Growth, but lag behind on other metrics, with a favorable price trend in the medium and long terms, but unfavorable in the short term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock.
Photo Courtesy: Kathy Hutchins On Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/07/46381286/elon-musk-said-hes-not-warren-buffetts-biggest-fan-and-finds-his-job-super-boring-but-also-really-wanted-him-to-invest-in-tesla">Elon Musk Said He&#8217;s Not Warren Buffett&#8217;s &#8216;Biggest Fan&#8217; And Finds His Job &#8216;Super Boring&#8217; — But Also Really Wanted Him To Invest In Tesla</a></li>
</ul>

News

Markets

TSLA

Tesla, xAI and SpaceX Merger? Chamath Palihapitiya Floats 'Industrial Logic' For Union Of Elon Musk-led Companies: 'This Would Be Pretty Logical'

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Industrial Production (MoM) For May -0.1% Vs. 0.5% Est.; -1.1% Prior

Reported Earlier, China Trade Balance (USD) For June 114.77B Vs. 113.20B Est.; 103.22B Prior

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly acquired PlayAI, an artificial intelligence startup focused on natural-sounding voice technology.
What Happened: While financial terms were not disclosed, the entire PlayAI team will join Meta this week and report to Johan Schalkwyk, another new joinee from voice AI firm Sesame AI, <a href="https://www.bloomberg.com/news/articles/2025-07-11/meta-acquires-voice-ai-startup-playai-continuing-to-add-talent?sref=10lNAhZ9">reported</a> Bloomberg, citing an internal memo.
The PlayAI team's "work in creating natural voices, along with a platform for easy voice creation, is a great match for our work and road map, across AI Characters, Meta AI, Wearables and audio content creation," the memo read.
See Also:&nbsp;<a href="https://www.benzinga.com/news/education/25/06/45983347/jensen-huang-gave-12-6-million-to-charity-then-nvidias-stock-made-it-billions" target="_blank" rel="noreferrer noopener">Jensen Huang Gave $12.6 Million To Charity, Then Nvidia's Stock Made It Billions</a>
A Meta spokesperson confirmed the deal to the publication but did not elaborate on the details. The tech giant did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: The acquisition is part of Meta's broader AI strategy, which CEO Mark Zuckerberg has called the company's top priority in 2025.
In the past few months, Facebook-parent has <a href="https://www.benzinga.com/markets/tech/25/07/46301582/metas-ai-empire-grows-fueled-by-openai-deepmind-apple-defectors">restructured its AI operations</a> under the newly launched Meta Superintelligence Labs, led by former Scale AI CEO Alexandr Wang.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Zuckerberg's company has poached leading experts from ChatGPT-parent OpenAI, Anthropic, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google DeepMind and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
Just last week, it was reported that <a href="https://www.benzinga.com/markets/tech/25/07/46288145/mark-zuckerbergs-meta-lures-away-apple-ai-chief-ruoming-pang-with-tens-of-millions-compensation-package-report">Meta has recruited</a> Ruoming Pang, the AI model lead at Apple.
Meta currently has a market capitalization of $1.8 trillion.
Price Action: Meta shares have risen 19.74% year-to-date and are up 44.61% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that META continues to show a steady upward trend in the short, medium, and long term. While its growth score remains strong, its value rating is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14012924/Screenshot-2025-07-14-at-10.58.07%E2%80%AFAM.png" alt="" class="wp-image-983264" /></a></figure>
Photo: Skorzewiak/Shutterstock
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46127671/amazon-loses-top-ai-leader-in-high-stakes-talent-shuffle" target="_blank" rel="noreferrer noopener">Amazon Loses Top AI Leader In High-Stakes Talent Shuffle</a></li>
</ul>

Tech

Media

AAPL

GOOG

GOOGL

Mark Zuckerberg's Meta Expands AI Talent With PlayAI Acquisition: Report

Reported Earlier, China Imports (YoY) For June 1.1% Vs. 1.3% Est.; -3.4% Prior

Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) could lose a major revenue source as President Donald Trump's &#8220;Big, Beautiful Bill&#8221; introduced a flurry of budget cuts.
What Happened: The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival could potentially lose the revenue stream that helped it make $325 million in 2024 by selling ZEV credits, according to The Motley Fool <a href="https://www.fool.com/investing/2025/07/13/prediction-rivian-could-lose-this-325-million-reve/">on</a> Sunday.
The new budget relaxes CAFE, or Corporate Average Fuel Economy norms, which stipulate that vehicles must be able to cover a certain amount of distance on a gallon of fuel. The norms also imposed fines on automakers who exceeded the norms.
To avoid paying the fines, automakers can either work on improving fuel economy or purchase ZEV credits from companies like Tesla and Rivian, which the government awards these companies for manufacturing vehicles that do not have any emissions.
Why It Matters: With the relaxation of these regulations, selling ZEV credits could <a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream">become a challenge</a> as automakers would become less inclined to purchase the credits from companies like Rivian.
However, Rivian has other streams of revenue as well. Recently, Also Inc., a micromobility company spun off from Rivian, hit a <a href="https://www.benzinga.com/markets/tech/25/07/46312033/rivian-spinoff-also-inc-hits-1-billion-valuation-after-raising-200-million-report">$1 billion valuation</a>. Rivian has a minority stake in Also.
Rivian delivered over <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46224223/rivians-production-dips-for-next-gen-models-volkswagen-infusion-boosts-outlook">10,661 units in Q2 2025</a> as the EV maker reaffirmed the yearly delivery guidance of 40-46k vehicles despite uncertainty posed by Trump's tariffs.
<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="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-1024x196.jpg" alt="" class="wp-image-983250" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-1024x196.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025-1536x294.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14011032/RIVN-JUL-14-2025.jpg 1556w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Rivian offers poor Momentum but scores well on the Value metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46259390/trumps-tax-bill-could-be-a-boost-for-tesla-rivals-rivian-lucid-amid-ev-slowdown-says-bnp-paribas">Trump&#8217;s Tax Bill Could Be A Boost For Tesla-Rivals Rivian, Lucid Amid EV Slowdown, Says BNP Paribas</a>&nbsp;</li>
</ul>
Photo courtesy: Michael Berlfein via Shutterstock

RIVN

Tesla-Rival Rivian Could Lose A Major Revenue Stream Due To a

Reported Earlier, China Exports (YoY) For June 5.8% Vs. 5.0% Est.; 4.8% Prior

President Donald Trump <a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans">signed the tax and spending bill</a> earlier this month, which introduces significant changes to federal student loan programs. This move has sparked a debate on how the funding gap will be filled.
What Happened: As part of the new bill, new limits on federal student loans for parents and graduate students will be imposed starting from July 1, 2026. Under the new rules, parents can borrow up to $20,000 per year, with a lifetime cap of $65,000 per student, through the federal Parent PLUS program, reported <a href="https://www.nytimes.com/2025/07/12/your-money/student-loan-limits.html">the</a> New York Times.
Graduate students will face an annual borrowing limit of $20,500 and a total cap of $100,000, not counting any undergraduate debt. Meanwhile, students in professional programs — like medical or law school — will generally be limited to $50,000 per year and $200,000 overall.
See Also: <a href="https://benzinga.com/markets/cryptocurrency/24/01/36721989/jim-cramer-bearish-at-40k-unlikely-that-bitcoin-finds-its-footing-cramertracker-replies-le" target="_blank" rel="noopener">Jim Cramer Bearish At $40K: &#8216;Unlikely That Bitcoin Finds Its Footing,&#8217; CramerTracker Replies: &#8216;Legend, Thanks Jim!&#8217;</a>
These changes are expected to create a funding gap, potentially leading to a surge in private student loan lenders. The question remains whether these lenders will offer fair interest rates and terms.
Why It Matters: The new regulations, which were signed into law by President Trump earlier this month, are expected to have a significant impact on the student loan industry.
Private lenders like SoFi Technologies, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) are poised to benefit from these changes, as they are likely to see an <a href="https://www.benzinga.com/markets/tech/25/07/46284237/sofi-ready-to-capture-the-opportunity-as-trumps-big-beautiful-plan-restricts-federal-student-loans">increase in demand</a> for their services.
The bill has been met with criticism from Sen. Elizabeth Warren (D-Mass.) and former Treasury Secretary Lawrence Summers, who have <a href="https://www.benzinga.com/news/politics/25/07/46311721/elizabeth-warren-says-gop-chose-trump-over-american-people-slams-big-beautiful-bill-for-potentially-ushering-health-care-cuts-price-hikes">voiced their concerns</a> about the potential consequences of the bill, including significant impacts on working American families.
Read Next:
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<li><a href="https://benzinga.com/news/social-media/25/07/46383797/elon-musks-ex-wife-reveals-his-success-secret-and-it-comes-down-to-this-one-powerful-word" target="_blank" rel="noopener">Elon Musk&#8217;s Ex-Wife Reveals His Success Secret, And It Comes Down to This One Powerful Word</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: Maxim Elramsisy / Shutterstock.com

Education

SOFI

Trump's Spending Bill Limits Student Loans, Sparks Funding Gap Concerns

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) raced past $121,000 overnight Sunday, capping a historic week on a high.
What happened: The apex cryptocurrency hit an all-time high of $121,209 around midnight, with trading volume jumping 34% to $61.36 billion in the last 24 hours
Bitcoin broke milestones this week, first <a href="https://www.benzinga.com/crypto/25/07/46334779/bitcoin-breaks-112000-ethereum-dogecoin-surge-amid-growing-institutional-interest-nvidia-driven-tech-rally-experienced-trader-peter-brandt-says-i-am-long-btc">surpassing its previous high</a> of $112,000, and there has been no going back since.
Strong institutional demand fueled the rally, with Bitcoin exchange-traded funds raking in about $2.72 billion in net inflows last week,&nbsp;<a href="https://sosovalue.com/assets/etf/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to SoSo Value.
Price Action:&nbsp; At the time of writing, Bitcoin eased at $121,008.78, up 2.71% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The coin rose over 10% in the last week, and 28% year-to-date.
Photo Courtesy: PV productions on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45845944/bitcoin-price-forecast-how-high-can-bitcoin-go-wall-streets-brash-180-250k">Bitcoin Price Forecast: How High Can Bitcoin Go? Wall Street&#8217;s Brash $180-$250K</a></li>
</ul>

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

Cryptocurrency

Movers

Trading Ideas

$BTC

$ETH

Bitcoin Zooms Past $121,000 To Finish Historic Week: What's Fueling The Rally?

Former New Jersey Governor Chris Christie (R) says it&#8217;s the White House and not Attorney General Pam Bondi who pulled the plug on publicly releasing a Justice Department review that discredits popular conspiracy theories about Jeffrey Epstein's death and any supposed "client list."
What Happened: Christie told ABC's "This Week" <a href="https://abcnews.go.com/Politics/week-transcript-7-13-25-white-house-nec/story?id=123708097">that</a> President Donald Trump is now rallying to Bondi's defense because the decision collides with campaign-trail promises of transparency and has enraged high-profile supporters who still want every document unsealed.
&#8220;What Donald Trump is learning is when you start the fire, sometimes you can&#8217;t put it out,&#8221; Christie said, claiming Trump shields Bondi because releasing the findings would anger supporters who believe murder or blackmail theories.
The 107-page review, finished June 30, reaffirmed Epstein's suicide and said names online were "unsubstantiated," according to a summary circulated late Friday. By Saturday, influencers Kash Patel, the FBI director, and Deputy Director Dan Bongino urged full disclosure, fueling talk that Bondi might resign.
<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">See Also: Elon Musk Says Trump Wants Everyone To &#8216;Stop Talking&#8217; About Epstein, Reiterates Demand That President &#8216;Just Release The Files&#8217;</a>
Trump tried to tamp down the uproar in a Truth Social post Saturday night, <a href="https://www.benzinga.com/news/politics/25/07/46383724/trump-stands-by-attorney-general-amid-jeffrey-epstein-controversy-let-pam-bondi-do-her-job-shes-great">calling Bondi "fantastic"</a> and blaming "old media hoaxes" for the controversy. Reuters reported the president insisted "nobody cares about Epstein" and promised only to release material "consistent with law."
Why It Matters: Christie warned that the explanation won't satisfy the base, noting Patel and Bongino were hired because they echoed Trump's transparency vows during the 2024 campaign. &#8220;We cannot let the president off that easily. He benefited directly from it. He fueled it. He encouraged it. And he certainly didn&#8217;t stop it,&#8221; Christie went on to say to ABC. Journalists and insiders now spotlight Bondi, Patel, and Bongino as the Trump administration battles an internal power struggle and the Epstein controversy. Cobb, a former insider, <a href="https://www.benzinga.com/news/politics/25/07/46382248/jeffrey-epstein-case-ex-trump-white-house-lawyer-says-pam-bondi-isnt-going-anywhere-amid-power-struggle">assures the public</a> that Bondi will keep her post, shedding light on the administration's dynamics.
If Patel and Bongino walk away, their exits could dramatically reshape the White House power map.
Photo Courtesy: Christopher Halloran on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/news/education/25/07/46384760/paul-graham-once-said-its-a-bad-idea-to-have-lofty-ambitions-early-neither-bill-gates-nor-mark-zuckerberg-knew-how-big-their-companies-would-get">Paul Graham Once Said Its A &#8216;Bad Idea&#8217; To Have Lofty Ambitions Early, &#8216;Neither Bill Gates Nor Mark Zuckerberg Knew How Big Their Companies Would Get&#8217;</a></li>
</ul>

Politics

Chris Christie Says Trump, Not Pam Bondi Pulled The Plug On Epstein Memo: 'When You Start The Fire, Sometimes You Can't Put It Out'

Cathie Wood&nbsp;expressed her support on Sunday for the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) Foundation&#8217;s proposed upgrades aimed at enhancing the network&#8217;s scalability and privacy.
What Happened: Wood, the CEO of asset manager&nbsp;ARK Invest, said that while she may not understand all the technical details, she felt the Foundation seems to be &#8220;proposing the right moves.&#8221;
&#8220;I can't say I understand all of the details here, but the Ethereum Foundation does seem to be proposing the right moves for scalability and privacy to maintain its lead in the institutional world,&#8221; she said.
Wood&#8217;s endorsement didn&#8217;t go down too well with cryptocurrency trader&nbsp;MartyParty, who accused her of shilling products she was unfamiliar with. MartyParty highlighted user pain points for even basic wallet transactions and challenged Wood to validate these on her end.
&#8220;If you don't use a product, don't shill it please,&#8221; the trader added.
<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">If you don't use a product don't shill it please &#x1f64f; Make 2 Ethereum wallets &#8211; fund them (will take an hour minimum) Send some value between them (will take 30min and be a pain in the ass) Swap for a erc-20 derivative token on a Ethereum dex (will take 30 min and be a pain in…
&mdash; MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1944548519391691012?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
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The Ethereum Foundation, a non-profit dedicated to promoting and developing Ethereum-related technologies, published a blog post detailing its intent to <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31353550/the-grand-plan-for-ethereum-an-analysis-of-zero-knowledge-scaling-from-ethdenver-2023">integrate zero-knowledge technology</a> into Ethereum Layer-1. 
Ark&#8217;s crypto analyst Raye Hadi said the upgrade could have &#8220;massive implications&#8221; for scalability and privacy, although its execution remains a challenge.
See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46383664/this-memecoin-platform-raised-600-million-in-just-12-minutes">This Memecoin Platform Raised $600 Million In Just 12 Minutes</a>
Meanwhile, Wood also weighed in on Ethereum&#8217;s scarcity-driven play. 
Lorenzo Valiente, Director of Research at Ark, highlighted how the Ethereum exchange-traded funds have raked in as many as 380,000 ETH in the last 9 days, while the network has emitted only 373,000 ETH since The Merge in September 2022.
&#8220;The price of any good is determined at the margin, demand relative to supply. The math is mathin,&#8221; Wood said, quoting Valiente&#8217;s analysis.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of any good is determined at the margin, demand relative to supply. The math is mathin' ! <a href="https://t.co/EgXysHLQfl">https://t.co/EgXysHLQfl</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1944422704381108428?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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Why It Matters: Wood&#8217;s firm, Ark Invest, is known for its optimistic outlook about the Ethereum network. It has previously expressed belief in<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41349588/cathie-woods-ark-invest-says-ethereum-is-a-big-idea-that-will-transform-the-financial-serv"> Ethereum&#8217;s transformative potential</a> for the financial services industry and likened its developing attributes to those of U.S. Treasury Bills.
Interestingly, Ark Investment&nbsp;withdrew from launching a spot ETH exchange-traded fund, choosing to focus on a spot&nbsp;Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)&nbsp;ETF, i.e,&nbsp;ARK 21Shares Bitcoin ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
Price Action: At the time of writing, ETH was broadly unchanged at $3,036.15, up 2.74% 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;&nbsp;
ARKB recorded a high Momentum score as of this writing. Want to see how it compares to other BTC and ETH ETFs? Go to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="778" height="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235850/image-146.png" alt="" class="wp-image-983183" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235850/image-146.png 778w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235850/image-146-300x78.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235850/image-146-768x200.png 768w" sizes="(max-width: 778px) 100vw, 778px" /></a></figure>
Photo Courtesy: VPLAB On Shutterstock.com
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</ul>

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Cathie Wood Praises Ethereum Foundation's Plans To Boost Scalability And Privacy, Trader Hits Back With 'Please Don't Shill It' If You Don't Use It

On Monday, Malaysia&#8217;s Ministry of Investment, Trade and Industry announced that any export, transshipment, or transit of high-performance artificial intelligence <a href="https://www.benzinga.com/markets/tech/25/06/45875791/trumps-ai-czar-david-sacks-dismisses-ai-chip-smuggling-fears-warns-over-regulation-could-hand-ai-dominance-to-china-we-talk-about-these-chips-like-they-could-be-smuggled-in-the-back-of-a">chips of U.S. origin</a> will now require a government-issued trade permit, effective immediately.
What Happened: The ministry said companies must notify authorities at least 30 days in advance if moving such items, even if they are not listed on Malaysia's current strategic goods registry, reported Reuters.
"Malaysia stands firm against any attempt to circumvent export controls or engage in illicit trade activities by any individual or company," the ministry said in a statement, adding that violators will face strict legal action.
The move aims to close regulatory loopholes while officials consider adding high-performance AI chips to Malaysia's list of strategic items.
See Also:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/07/46361695/jamie-dimon-warns-market-may-be-underestimating-rate-hike-risks-flags-investor-comp" target="_blank" rel="noreferrer noopener">Jamie Dimon Warns Market May Be Underestimating Rate Hike Risks, Flags Investor Complacency Amid Trump Tariffs: ‘Cause Of Concern'</a>
Why It's Important: The announcement follows U.S. pressure to stop the flow of restricted chips—<a href="https://www.benzinga.com/markets/equities/25/03/44102734/nvidia-chip-fraud-probe-malaysia-vows-necessary-action-but-admits-we-dont-know-where-servers-went">especially from</a> Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)—to China, amid mounting concerns over their use in advanced AI development and military applications.
In March, Malaysia's Trade Minister Tengku Zafrul Aziz said the country would take "necessary action" if domestic firms were involved in allegedly fraudulent Nvidia chip transshipments via Singapore.
Earlier this month, it was reported that the U.S. government is <a href="https://www.benzinga.com/markets/asia/25/07/46266218/us-plans-to-restrict-ai-chip-exports-to-malaysia-thailand-to-curb-diversion-to-china">considering new export restrictions</a> on AI chips, including Nvidia's, to Malaysia and Thailand to prevent China from obtaining them through intermediaries.
Meanwhile, Nvidia CEO Jensen Huang is reportedly planning a <a href="https://www.benzinga.com/markets/tech/25/07/46336670/nvidia-prepares-china-specific-ai-chip-amid-us-export-curbs-as-ceo-jensen-huang-plans-beijing-visit-next-week-to-reassure-market-report">diplomatic visit to China</a>, where the company aims to launch a scaled-down version of its AI chip, modified to meet U.S. export rules.
The new chip, based on the Blackwell RTX Pro 6000 but without advanced features, could be unveiled as soon as September.
Benzinga's Edge Stock Rankings show that Nvidia maintains solid upward momentum across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance information is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/14002018/Screenshot-2025-07-14-at-9.48.46%E2%80%AFAM.png" alt="" class="wp-image-983196" /></a></figure>
Photo Courtesy: IM Imagery on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Nvidia, Other US Origin AI Chips Shipments To China Will Now Require Trade Permits, Says Malaysia, Rule Violators To Face Strict Action

The Federal Aviation Administration (FAA) and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) have both said that the fuel switch locks on the 787-Dreamliner aircraft are safe in the aftermath of the Air India crash in India&#8217;s Ahmedabad in Gujarat state last month.
What Happened: The FAA, as well as the aircraft manufacturer, released private documents claiming the fuel switch locks are safe, Reuters reported on Sunday, citing sources familiar with the matter.
"Although the fuel control switch design, including the locking feature, is similar on various Boeing airplane models, the FAA does not consider this issue to be an unsafe condition," the regulator said in a statement in the notification.
FAA also added that the fuel switch locks do not "warrant an Airworthiness Directive" on Boeing aircraft, including the 787, the report suggests.
Talk of the fuel switch locks began when India's Aircraft Accident Investigation Bureau referred to a 2018 notification by the FAA to check the fuel lock switch on Boeing aircraft, which Air India did not undertake as it wasn't mandatory.
Why It Matters: The news comes as preliminary reports suggest that the <a href="https://www.benzinga.com/news/topics/25/07/46380354/fuel-supply-was-cut-moments-before-air-india-crash-as-per-preliminary-report">fuel supply was abruptly cut off</a> to the engines moments after takeoff and could be a contributing factor to the air crash.
India's investigation of the accident was also under scrutiny as the country denied a <a href="https://www.benzinga.com/news/politics/25/06/46133937/boeing-787-dreamliner-crash-india-shuts-door-on-un-aviation-expert-probing-plane-accident">UN aviation investigator</a> from joining the probe. The investigator, who was in the country, was denied an "observer status" by the government.
Bryan Bedford, President Donald Trump's pick to lead the FAA, was <a href="https://www.benzinga.com/news/politics/25/07/46336395/senate-confirms-trump-pick-bryan-bedford-as-faa-chief-even-as-chuck-schumer-warns-he-will-prioritize-profits-over-passenger-safety">confirmed by the Senate</a> to lead the agency. However, the move has been criticized by Democrats and Sen. Chuck Schumer (D-N.Y.), who accused Bedford of prioritizing profits over passenger safety.
<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="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235314/BA-JUL-14-2025-1024x199.jpg" alt="" class="wp-image-983178" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235314/BA-JUL-14-2025-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235314/BA-JUL-14-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235314/BA-JUL-14-2025-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235314/BA-JUL-14-2025-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13235314/BA-JUL-14-2025.jpg 1559w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Boeing scores well on the Momentum metric, but offers poor Value and Growth. 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" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Photo courtesy: JHVEPhoto via Shutterstock

FAA, Boeing Say Fuel Switch Locks On 787 Dreamliner Are Safe Amid Air India Crash Probe

President Donald Trump&#8217;s latest threats to impose a 30% tariff on all imports from Mexico and the European Union are drawing criticism from prominent economist Peter Schiff.
What Happened: On Sunday, in a post on X, Schiff warned against Trump&#8217;s justification for the move, which is to reduce trade deficits with these regions, which he believes are a sign of unfair economic arrangements.
Schiff disagrees with this, saying that the trade deficits are the result of deeper structural issues within the American economy and have little to do with bad or unfair trade deals. &#8220;He blames unfair trade for our deficits,&#8221; Schiff says, adding that they are instead the result of excessive debt and consumption, alongside inadequate savings and investment.
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46382323/private-credit-market-sees-opportunity-amid-donald-trumps-tariff-policies-moodys-reports">Private Credit Market Sees Opportunity Amid Donald Trump&#8217;s Tariff Policies, Moody&#8217;s Reports</a>
He also states that the U.S. relies on this trade deficit to compensate for these other, deeper structural issues, in a warning against Trump&#8217;s trade policies. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump 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>
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Why It Matters: This comes amid Trump&#8217;s latest letters on Friday, addressed to Mexico and the European Union, notifying both regions of a 30% tariff on all imports, starting August 1. In his letter, Trump cited <a href="https://www.benzinga.com/markets/equities/25/07/46382047/trump-targets-mexico-eu-with-30-tariffs">unresolved trade imbalances</a>, alongside issues with narcotics trafficking, for this decision.
Schiff has repeatedly warned that <a href="https://www.benzinga.com/25/05/45404821/dollar-correction-imminent-sans-tariffs-to-reduce-the-us-trade-deficit-says-peter-schiff-minor-decline-would-make-trade-deficit-larger">only a major decline</a> in the U.S. Dollar or &#8220;very high tariffs&#8221; can help reduce trade deficits in the country. 
Without this, he says, tariffs only serve to make the trade deficit larger, with additional inflationary and interest rate pressures.
Former Treasury Secretary Lawrence Summers held a similar view a couple of months ago, at the very onset of Trump&#8217;s &#8220;Liberation Day&#8221; tariffs, when he <a href="https://www.benzinga.com/news/global/25/04/44754763/obama-era-treasury-secretary-larry-summers-rejects-china-cheating-at-trade-narrative-we-get-ev-batteries-for-pieces-of-paper-its-a-good-deal">rejected the narrative</a> that China was cheating at trade, saying that &#8220;if China wants to sell us things at really low prices,&#8221; they should be allowed to, since &#8220;it&#8217;s a good deal for us.&#8221;
Image by Rokas Tenys via Shutterstock
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<a href="https://x.com/PeterSchiff/status/1944041820897317042"></a>

Government

Latin America

Global

Peter Schiff Gives Trump's 30% Tariff Threat On Mexico, EU A Reality Check: America Relies On Deficits To Make Up For Excess Debt And Consumption

On Sunday, Pershing Square founder Bill Ackman posted a scathing rebuttal after Tucker Carlson implied he was part of Jeffrey Epstein's <a href="https://www.benzinga.com/news/politics/25/07/46270547/elon-musk-reignites-jeffrey-epstein-client-list-row-adding-fuel-to-the-feud-with-trump">inner circle</a> and questioned the legitimacy of his $9 billion fortune.
What Happened: Ackman was responding to <a href="https://www.benzinga.com/news/politics/25/07/46382335/tucker-carlson-claims-jeffrey-epstein-was-an-israeli-agent-blackmailing-us-politicians">Carlson's remarks</a> at Turning Point USA, where the former Fox News host referred to Ackman as one of the useless billionaires allegedly connected to Epstein.
"How did Bill Ackman get $9 billion?" Carlson asked. "Bill Ackman is like well-connected and super aggressive; that's it."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tucker: How do you come to a place where some of the least impressive, most useless people who have no actual skills become billionaires… How did Bill Ackman get $9 billion? A pretty impressive guy? I know him. No <a href="https://t.co/gdcNT6imB9">pic.twitter.com/gdcNT6imB9</a>
&mdash; Acyn (@Acyn) <a href="https://twitter.com/Acyn/status/1943832729529069767?ref_src=twsrc%5Etfw">July 12, 2025</a></blockquote>
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Ackman, in a lengthy post on X, rejected the allegation and said he has never met Epstein, nor attended any of his parties or flown on his planes. He stated that his wife met Epstein once before they met, during her time as a professor at the Massachusetts Institute of Technology.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here" target="_blank" rel="noreferrer noopener">Elon Musk Just Got Grilled On DOGE Spending, Hits Back With ‘We're Not Kings Here'</a>
"If this is why Tucker thinks I am in Jeffrey Epstein's constellation, it's clear he doesn't know anything about astronomy," Ackman wrote.
Ackman also provided a detailed account of how he built his wealth through investing, citing his early cold calls to Forbes 400 members, the founding of Gotham Partners and the compounding returns at Pershing Square.
He concluded by calling Carlson's comments defamatory and dishonest.
"Tucker owes me an apology. I know I am not going to get one because he is not man enough to care about the truth," Ackman said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/TuckerCarlson?ref_src=twsrc%5Etfw">@TuckerCarlson</a> went on a rant yesterday <a href="https://twitter.com/TPUSA?ref_src=twsrc%5Etfw">@TPUSA</a> and suggested that I was in Jeffrey Epstein's ‘constellation of people' who have been getting away with scams. His evidence is that ‘the most useless people have no actual skills become billionaires." He referred to me as an example… <a href="https://t.co/x6IrjXkP7x">https://t.co/x6IrjXkP7x</a>
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1944245408751894631?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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According to Bloomberg's Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>, Ackman currently has a net worth of $8.22 billion.
Ackman and Carlson did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: The controversy over the Epstein files continues to escalate, with prominent figures such as Elon Musk weighing in with major statements.
Musk has been calling for the full, unredacted release of the Epstein documents, particularly after saying that President Donald Trump is <a href="https://www.benzinga.com/news/politics/25/06/45828121/elon-musks-bombshell-about-donald-trump-in-epstein-docs-heres-the-truth-behind-the-claim">mentioned in them</a>. Musk later withdrew the statement and removed the post from X
Microsoft Corporation's co-founder, Bill Gates, has also repeatedly voiced remorse over his ties to Epstein, who was found dead in his <a href="https://www.benzinga.com/news/19/08/14244993/reports-jeffrey-epstein-dies-by-suicide-in-jail">jail cell in 2019</a>, with the death ruled a suicide.
The Department of Justice <a href="https://www.benzinga.com/news/politics/25/07/46380999/deputy-fbi-director-dan-bongino-considers-resignation-amid-epstein-memo-fallout-report">memo released last week</a> found no evidence of foul play in Epstein's 2019 death and rejected claims of a "client list," frustrating many Trump supporters who had hoped for additional revelations.
Photo Courtesy: Maxim Elramsisy on Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tucker Carlson Asks How Did 'Well-Connected And Super Aggressive' Bill Ackman Get His $9 Billion, Pershing Square Founder Fires Back At Epstein Smear: 'Owes Me An Apology'

Cryptocurrency veteran Samson Mow reiterated his belief in Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) potential to hit $1 million per coin Sunday, as the leading cryptocurrency continued to break records.
What Happened: Mow, CEO of Bitcoin technology company JAN3, wrote on X, &#8220;I know Bitcoin is going&nbsp;to add a zero. You&nbsp;know Bitcoin is going to&nbsp;add a zero. It&#8217;s just a question of when.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I know Bitcoin is going to add a zero. You know Bitcoin is going to add a zero. It&#39;s just a question of when.
&mdash; Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1944335701169897554?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
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A vocal advocate of the $2.3 trillion asset, Mow also hinted at an accelerating &#8220;race&#8221; among investors to accumulate BTC, while some, such as Peter Schiff, insist on &#8220;hopping backwards.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">99% of the world doesn't yet realize we're all in the race of our lives to accumulate <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>.
&mdash; Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1944477406582264100?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46373699/bitcoins-all-time-high-break-means-volatility-could-soon-return-report">Bitcoin&#8217;s All-Time High Break Means Volatility Could Soon Return: Report</a>
Why It Matters: This isn&#8217;t the first time Mow has made such a bold prediction. Earlier in March, he projected that Bitcoin would<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37698435/will-bitcoin-reach-1m-crypto-veteran-samson-mow-predicts-very-soon"> hit the $1 million mark &#8220;very soon.&#8221;</a> His forecast was based on a combination of high demand and an impending reduction in Bitcoin's supply.
Bitcoin is in the <a href="https://www.benzinga.com/crypto/25/07/46384719/bitcoin-crosses-119000-as-crypto-investors-shrug-off-trump-tariffs-on-mexico-eu-ethereum-dogecoin-spike-analyst-says-eths-pump-just-the-start">middle of a record-breaking rally</a>, surging about 10% over the last week, thanks to a combination of massive institutional inflows and <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46242838/anthony-scaramucci-predicts-bitcoin-treasury-frenzy-will-fade">adoption by Bitcoin treasury companies</a>.
However, Schiff, a renowned economist who advocates for precious metals such as gold and silver, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46353081/bitcoin-can-easily-crash-buy-silver-instead-peter-schiff-says-silver-should-rise-much-more-downside-seems-limited">tried to downplay its advances</a>, stating that the current momentum is speculative and unsustainable.
Price Action:  At the time of writing, Bitcoin was exchanging hands at $119,828.07, up 1.96% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: Rido on Shutterstock.com Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46383287/new-survey-reveals-what-wealthy-investors-really-think-about-crypto">New Survey Reveals What Wealthy Investors Really Think About Crypto</a></li>
</ul>
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>

Samson Mow Confident Bitcoin Is Going To Add A Zero: The Million Dollar Question Is Of 'When'

Y Combinator co-founder Paul Graham once said that aspiring entrepreneurs should ditch grand "visionary" road maps and instead launch something small that works, then follow its momentum westward like &#8220;Columbus."
What Happened: Graham, back in 2012, told attendees at Pycon during a keynote that, "Empirically, the way to do really big things seems to be to start with small things and grow them bigger," citing Microsoft&#8216;s first BASIC interpreter and Facebook's <a href="https://www.benzinga.com/news/24/05/38860816/mark-zuckerberg-recalls-his-childhood-and-facebooks-early-days-shares-top-8-memories-on-his-40th-bir">dorm-room photo</a> site as examples.
He added, "Neither Bill Gates nor Mark Zuckerberg knew how big their companies would get. All they knew was that they were onto something."
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<iframe loading="lazy" title="Keynote: Paul Graham, YCombinator" width="500" height="375" src="https://www.youtube.com/embed/Ci9L6zVbwnA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Lofty business plans, he warned, force founders to project too far into an uncertain future. &#8220;Maybe it's a bad idea to have really big ambitions initially, because the bigger your ambitions, the longer they're going to take to realize and the long you're projecting into the future, the more likely you're going to be wrong,&#8221; Graham said.
See also: <a href="https://www.benzinga.com/news/topics/25/07/46347662/kevin-oleary-says-trump-and-elon-have-to-get-back-together-again-praises-trumps-big-beautiful-bill">Kevin O&#8217;Leary Says &#8216;Trump And Elon Have To Get Back Together Again,&#8217; Praises Trump&#8217;s Big Beautiful Bill</a>
Instead, he advises starting with "something that works, that you know works, that's small" and then moving when opportunity appears. "The popular image of a visionary is someone with a very precise view of the future, but empirically it's probably better to have a blurry one," he said.
Why It Matters: Graham's philosophy aligns with his essays like "Startup = Growth," where he <a href="https://www.paulgraham.com/growth.html">argues</a> that rapid iteration, rather than elaborate forecasts, defines successful startups.
Amazon.com founder Jeff Bezos once said publicly that the <a href="https://www.benzinga.com/news/25/05/45184305/jeff-bezos-says-the-hardest-thing-was-landing-amazons-first-million-says-he-warned-potential-backers">toughest test of his career</a> was scraping together Amazon&#8217;s first million dollars. This ties back to Graham&#8217;s philosophy of setting smaller, achievable targets since they&#8217;re likely to feel the toughest to get to.
Critics say his advice counters Silicon Valley's blitz-scale ethos, but Graham maintains incremental growth uncovers real markets and avoids over-promising.
Photo Courtesy: Cagkan Sayin on Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/education/25/07/46356805/nancy-pelosis-nvidia-stake-heres-how-much-former-speaker-is-up-on-options-bought-in-2023">Nancy Pelosi&#8217;s Nvidia Stake: Here&#8217;s How Much Former Speaker Is Up On Options Bought In 2023</a>

Startups

AMZN

MSFT

Paul Graham Once Said Its A 'Bad Idea' To Have Lofty Ambitions Early, 'Neither Bill Gates Nor Mark Zuckerberg Knew How Big Their Companies Would Get'

Economist Justin Wolfers is once again attacking President Donald Trump, this time over the latter&#8217;s 50% tariffs on imports from Brazil.
What Happened: On Sunday, in a post on X, Wolfers questioned the rationale behind the latest U.S. tariffs imposed on the South American nation, calling it an ideologically driven move that will hurt American consumers without improving domestic supply chains.
&#8220;We now have a 50% tariff on Brazil, because it puts in jail its insurrectionists,&#8221; Wolfers says, referring to <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46334793/trump-sends-lula-a-letter-imposing-50-tariffs-calls-bolsonaro-trial-a-witch-hunt-brazils-president-hits-back-will-not-accept-any-form-of-tutelage">Trump&#8217;s letter</a> to Brazilian President Luiz Inácio Lula da Silva last week, in which he cited the trial of former President&nbsp;Jair Bolsonaro as one of the reasons behind the tariffs. 
See Also: <a href="https://www.benzinga.com/news/politics/25/07/46313013/trumps-tariff-letters-spark-high-level-of-uncertainity-and-volatility-says-economist-mohamed-el-erian">Trump&#8217;s Tariff Letters Spark &#8216;High Level Of Uncertainity And Volatility,&#8217; Says Economist Mohamed El-Erian</a>
In the post that includes a video snippet of his recent appearance on MSNBC&#8217;s Velshi, Wolfers criticized the logic of applying tariffs to commodities like copper and coffee, pointing out that they don&#8217;t lead to increased domestic supply, and as a result, are &#8220;literally a tax on Americans.&#8221;
&#8220;We can't import the mines from other countries,&#8221; he said. &#8220;We can't bring the coffee industry back to the United States — nowhere near enough.&#8221;
According to Wolfers, this is less about trade policy and more about sending a political message. &#8220;All of this is literally attacks on Americans in order to add a show of political support to a foreign insurrectionist,&#8221; he says.
&#8220;Your next coffee now comes with an insurrection infusion fee,&#8221; Wolfers says, pointing to the 50% import tariffs that American consumers will now have to bear, which he says will be in support of those who put &#8220;coup&#8221; in &#8220;coup-pucino,&#8221; a sly reference to Bolsonaro&#8217;s supporters who <a href="https://www.benzinga.com/news/23/01/30324574/protestors-storm-brazils-government-buildings-president-da-silva-calls-them-fanatic-fascists">stormed Brazil&#8217;s Presidential Palace</a> in 2023. 
<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">&quot;We now have a 50% tariff on Brazil, because it puts in jail its insurrectionists. And so that means for those of us who drink Brazilian coffee: Your next coffee comes with an insurrection infusion fee, as we try to support those who put the coup in coup-pucino.&quot; <a href="https://t.co/3s4AbW6rTC">pic.twitter.com/3s4AbW6rTC</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1944492763422118187?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Economists were bewildered by Trump&#8217;s decision to impose a 50% tariff on Brazil last week, saying that it <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46365075/trump-slaps-brazil-with-50-tariff-in-bolsonaro-spat-economists-say-it-sets-a-scary-precedent-as-trade-surplus-ignored">sets a troubling precedent</a>, given the United States&#8217; trade surplus with the nation.
Da Silva <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46334793/trump-sends-lula-a-letter-imposing-50-tariffs-calls-bolsonaro-trial-a-witch-hunt-brazils-president-hits-back-will-not-accept-any-form-of-tutelage">hit back against</a> Trump&#8217;s letter and the accompanying tariffs, saying that his country &#8220;will not accept any form of tutelage,&#8221; while defending the legal proceedings against Bolsonaro as a matter of judicial sovereignty. He also pointed out Brazil&#8217;s $410 billion trade deficit with the U.S. over the past 15 years.
Late last week, Da Silva once again <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46359200/brazil-hits-back-at-trumps-tariff-letter-lula-says-if-hes-going-to-charge-us-50-wee-going-to-charge-him-50">reaffirmed his stance</a> on the matter, saying that Brazil would take the necessary measures to &#8220;protect its people and its companies.&#8221;
He also stated that there would be no negotiations and that &#8220;the law of reciprocity will be put into practice.&#8221; Therefore, if the nation is charged 50% tariffs on exports to the U.S., it would in turn impose 50% tariffs on American imports. 
&#8220;If he's [Trump] going to charge us 50, we're going to charge him 50,&#8221; Da Silva said on his official X account on Friday.
Photo Courtesy: Venus Kaewyoo on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">Trump Threatens 10% &#8216;Additional&#8217; Tariff On All BRICS-Aligned Nations, Says Tariff Letters Drop At Noon Monday</a></li>
</ul>

Trump's Brazil Tariffs Imposed Because They Jail 'Insurrectionists,' Says Economist: 'Your Next Coffee Comes With An Insurrection Infusion Fee'

Leading cryptocurrencies rose on Sunday, while stock futures slipped as President Donald Trump slapped new tariffs on Mexico and the European Union.
<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>+1.70%</td>
<td>$119,410.06</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>+1.34%</td>
<td>$2,985.93</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>+0.37%</td>
<td>$0.1985</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin hit a new high above $119,000, extending its record-breaking run that began earlier this week. The trading volume increased 10.29% to $51 billion in the last 24 hours.
Ethereum topped $3,000 in the morning before retreating to the $2,900 area by evening. The second-largest cryptocurrency was on track to finish the week strong, with gains of more than 16% as of this writing.
Over $247 million was liquidated from the market in the last 24 hours, with $142 million of it coming from bearish shorts.
Bitcoin's open interest spiked 3.58% in the last 24 hours and 15% over the last week, suggesting an influx of fresh money into the derivatives market. Traders on Binance with open BTC positions, however, continued to be short.
The market remained greedy, according to the Crypto Fear &amp; Greed Index, signaling substantial buying pressure.
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>Stellar (XLM)</td>
<td>+27.13%</td>
<td>$0.5043</td>
</tr>
<tr>
<td>Hedera (HBAR)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+27.10%</td>
<td>$0.252</td>
</tr>
<tr>
<td>Algorand (ALGO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+23.61%</td>
<td>$0.2703 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.72 trillion, following a 1.64% jump in the last 24 hours.
Stock futures fell overnight Sunday. The Dow Jones Industrial Average Futures slid 173 points, or 0.39%, as of 8:36 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 dipped 0.40%, while Nasdaq 100 Futures declined 0.40%.
The sell-offs followed Trump&#8217;s <a href="https://www.benzinga.com/markets/equities/25/07/46382047/trump-targets-mexico-eu-with-30-tariffs">announcement of 30% tariffs</a> on imports from Mexico and the EU. Earlier in the week, Trump also threatened to <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46334793/trump-sends-lula-a-letter-imposing-50-tariffs-calls-bolsonaro-trial-a-witch-hunt-brazils-president-hits-back-will-not-accept-any-form-of-tutelage">impose 50% tariffs</a> on Brazilian goods.
This week, investors will shift focus to the Consumer Price Index report, slated for Tuesday, to gauge the economic impact of Trump's sweeping tariffs on key trading partners.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Citing the MVRV pricing bands, widely followed cryptocurrency analyst and trader Ali Martinez said Bitcoin could go as high as $127,000.
The Market Value to Realized Value bands are used to identify potential overbought and oversold conditions in Bitcoin&#8217;s market.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> could climb to $127,000, according to the MVRV Pricing Bands! <a href="https://t.co/LjdwIYyfbK">pic.twitter.com/LjdwIYyfbK</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1944489508344300017?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Investor and entrepreneur Ted Pillows stated Ethereum's pump this week "was just the start."
"The major rally will start once it breaks above $4,000. It&#8217;ll be equivalent to BTC breaking above $20,000 in 2020," Pillows remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>&#39;s pump this week was just the start. The major rally will start once it breaks above $4,000. It&#39;ll be equivalent to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> breaking above $20,000 in 2020. We all know what happened after that. <a href="https://t.co/BZ0HOdrtJZ">pic.twitter.com/BZ0HOdrtJZ</a>
&mdash; Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1944469653033455916?ref_src=twsrc%5Etfw">July 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: sundaemorning on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46381621/elizabeth-warren-once-warned-that-dogecoin-is-for-speculators-and-fly-by-night-investors-today-asset-managers-are-racing-to-bring-doge-etfs-to-wall-street">Elizabeth Warren Once Warned that Dogecoin Is for &#8216;Speculators And Fly-By-Night Investors&#8217; — Today, Asset Managers Are Racing To Bring DOGE ETFs To Wall Street</a></li>
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$DOGE

Bitcoin Crosses $119,000 As Crypto Investors Shrug Off Trump Tariffs On Mexico, EU — Ethereum, Dogecoin Spike: Analyst Says ETH's Pump 'Just The Start'

On Sunday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk criticized Donald Trump's social media post on Jeffrey Epstein <a href="https://www.benzinga.com/news/politics/25/07/46264647/elon-musk-renews-demand-for-jeffrey-epstein-files-release-weeks-after-alleging-trump-is-named-in-them">files </a>in which the president backed his Attorney General Pam Bondi amid growing backlash over a Department of Justice memo.
What Happened: Taking to X, formerly Twitter, Musk responded to Trump's defense of Bondi, who is under fire from some in the MAGA base over the memo stating <a href="https://www.benzinga.com/news/politics/25/07/46383724/trump-stands-by-attorney-general-amid-jeffrey-epstein-controversy-let-pam-bondi-do-her-job-shes-great">there is no evidence</a> Epstein had a "client list" or was murdered.
Trump had taken to Truth Social to support Bondi, writing, "What's going on with my ‘boys' and, in some cases, ‘gals?' They're all going after Attorney General Pam Bondi, who is doing a FANTASTIC JOB!"
He added, "We're on one Team, MAGA&#8230; ‘selfish people' are trying to hurt it, all over a guy who never dies, Jeffrey Epstein."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13214830/Screenshot-2025-07-14-at-7.18.21%E2%80%AFAM-528x1024.png" alt="" class="wp-image-983122" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
See Also: <a href="https://www.benzinga.com/markets/asia/25/07/46360439/elon-musk-led-teslas-india-entry-kicks-off-with-first-showroom-in-mumbai-launch-set-for-july-15">Elon Musk-led Tesla&#8217;s India Entry Kicks Off With First Showroom In Mumbai: Launch Set For July 15</a>
Musk responded to his post on X, saying, "Seriously. He said ‘Epstein' half a dozen times while telling everyone to stop talking about Epstein. Just release the files as promised."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/13214340/Screenshot-2025-07-14-at-7.13.36%E2%80%AFAM-1024x399.png" alt="" class="wp-image-983116" /><figcaption class="wp-element-caption">Source: X</figcaption></figure>
Why It's Important: The DOJ memo, released last week, concluded there was no foul play in Epstein's 2019 death and denied the existence of a "client list," angering many Trump supporters who had expected further revelations.
Deputy FBI Director Dan Bongino was considering resigning due to a significant dispute between the FBI and the Department of Justice following the release of the memo, <a href="https://edition.cnn.com/2025/07/11/politics/bongino-consider-resigning-epstein-files">reported</a> CNN on Friday.
Musk and Trump are currently at odds after the Tesla CEO criticized the President&#8217;s "Big, Beautiful Bill" for increasing debt. In response, Trump threatened to cut subsidies to Musk's companies. Musk, <a href="https://www.benzinga.com/news/topics/25/07/46347662/kevin-oleary-says-trump-and-elon-have-to-get-back-together-again-praises-trumps-big-beautiful-bill">once a supporter</a>, has since broken with Trump and announced the creation of the <a href="https://www.benzinga.com/news/politics/25/07/46294492/trump-warned-us-system-is-not-designed-for-third-parties-now-experts-doubt-elon-musks-america-party-will-even-be-ready-by-2026-midterms">"America Party" to represent</a> moderate voters.
Price Action: Over the past five days, TSLA shares have risen by 7.66%, but they're down 3.63% over the last month, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings show that TSLA has a short-term downward trend, while its medium and long-term trends remain positive. The stock maintains a strong growth score, though its value rating is comparatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights are available here</a>.
Photo Courtesy: RKY Photo on Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46359669/teslas-annual-shareholder-meeting-set-for-november-6th-dan-ives-says-elon-musks-pay-package-in-the-spotlight" target="_blank" rel="noreferrer noopener">Tesla's Annual Shareholder Meeting Set For November 6th, Dan Ives Says Elon Musk's $56 Billion Pay Package ‘Will Be The Focus'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

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