Crypto World
Mad Money’s Jim Cramer Says These 6 AI Stocks are Primed to Surge
Mad Money host Jim Cramer said the AI data center trade is reclaiming market leadership. He named six stocks leading the rally, and every one of them closed higher on Wednesday.
The group had trailed financials, healthcare, and retail for weeks. Cramer said a run of developments in recent days has restored his confidence in AI infrastructure names.
Why the AI Data Center Trade Stalled
Cramer said the once-hot AI infrastructure names began cooling in late June. The slide then ran through most of July.
“This group has languished while the financials, the healthcares and the retailers rocked,” he said.
Each of the six rallied sharply before the gains reversed, for some in early May and for others in June. All then trended lower through late July. CoreWeave (CRWV) dropped 56% across that span.
Super Micro Computer (SMCI) fell 53%, and Nebius (NBIS) lost 48%. Lumentum (LITE) shed 43%, and Intel (INTC) fell 42%. The Nasdaq 100 declined by just 11%.
The turn arrived with the forced unwind of Situational Awareness. Wednesday’s session is further proof of the regained strength.
Nebius led with a 34.14% gain. CoreWeave added 19.28% and Supermicro 19.02%. Lumentum rose 13.63%, Intel 3.32%, and Nvidia (NVDA) 3.03%.
“I cannot stress enough how important today’s session was,” Cramer added.
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What Restored Cramer’s Confidence
Cramer noted that prices still sit below their peaks but now “seem primed to go higher.” He pointed to a cluster of recent events that suggested the pressure had passed.
- Intel drew enough investor demand to lift its stock offering to $20 billion from $15 billion.
- He said Supermicro and Lumentum reported better-than-expected results, followed by Nebius. Worth noting that Supermicro missed revenue estimates.
- CoreWeave’s results, he said, offered evidence that older Nvidia GPUs hold value longer than skeptics expected
- Finally, Wednesday’s inflation print eased the rate pressure weighing on growth stocks.
How the 6 AI Data Center Stocks Have Performed in 2026
Notably, all six are beating the S&P 500 this year. The index has gained 12.98% year-to-date, according to Google Finance data.
Nebius leads the group at 209.64%, followed by Intel at 173.58% and Lumentum at 152.98%. CoreWeave is up 50.4%, Supermicro is up 28.5%, and Nvidia is up 20.16%.
“This morning, the rockets went off and the fabled six fighting bulls, Supermicro, Nvidia, Intel, Nebius, Lumentum, and CoreWeave, tore out of their pens and proceeded to trample the non-believers who didn’t realize that you’re taking your life in your hands when you bet against these companies,” Cramer said.
The question now is how long the run lasts and whether the six can reclaim their highs.
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The post Mad Money’s Jim Cramer Says These 6 AI Stocks are Primed to Surge appeared first on BeInCrypto.
Tatiana Maksimova | Moment | Getty Images
S&P 500 companies are keeping more profit from every dollar in sales than ever before, providing another tailwind for stocks.
Using FactSet data, John Butters, senior earnings analyst and vice president at FactSet, showed that the S&P 500’s blended net profit margin is running at 16.9% for the second quarter. That’s up from 14.8% in the first quarter and 12.9% a year ago, and well above the five-year average of 12.4%.
Net profit margin is the percentage of revenue companies get to pocket after they have paid all expenses.
If that 16.9% figure holds, it would be the highest net profit margin since FactSet began tracking the metric in 2009, Butters notes.
Alphabet and Amazon are the biggest contributors to the S&P 500’s record-high net profit margin, Butters said.
Alphabet reported operating margin of 34% in the second quarter, up from 32% a year earlier. The Google parent also posted a $98 billion gain in other income, primarily from unrealized gains on equity securities. Amazon recorded other income of $53.4 billion on a net basis largely tied to its investment in Anthropic. The e-commerce and cloud giant also posted operating margin of 13.7% in the second quarter, up from 11.4% a year ago.
But the strength goes beyond these two mega caps.
Even after excluding Alphabet and Amazon, the S&P 500 margin still looks impressive at 15%, which is also a record and marks the highest net profit margin reported by the index dating back to 2009.
At sector levels, margins have been improving across most of the market.
Eight of the 11 S&P 500 sectors are reporting higher margins than they did a year ago, led by technology, communication services, consumer discretionary and energy.
Adam Schickling, a senior economist at Vanguard, told CNBC that the strong demand and operating leverage have helped companies convert more of their revenue into profit.
“Businesses, when they’re busy, are more profitable,” Schickling said. “Firms are busier, they’re more efficient, and that translates into higher margins.”
Technology companies have historically benefited from business models that can add customers or users without a proportionate increase in costs.
“Tech companies just have higher profit margins than what you might see from materials, industrials, energy,” Schickling said. “That is a sector is prone to having a higher general profit margin, especially because it has historically been relatively asset-light, which means they’re able to scale up at a very efficient rate.”
Businesses in the tech sector, however, are also experiencing a lot of competitive pressure, with many new entrants to the space, which could mean a potential risk in the future to profit margins in the technology space, Schickling said.
Kalshi, which raised $1 billion in May at a $22 billion valuation, is now the number one prediction market platform by revenue, followed by Polymarket, which was last reported to be seeking funding at $20 billion, following a $600 million investment from the Intercontinental Exchange, the owner of the New York Stock Exchange, at a $15 billion valuation in August.
Kalshi’s annualized revenue increased to $4 billion in July, bolstered mostly by 2026 World Cup betting. Polymarket’s revenue was only $1.1 billion for that same period. Sequoia Capital recently said Kalshi “now claims 95% U.S. market share in prediction markets.”
Most of Kalshi’s revenue comes from sports contracts, which contribute to over 80% of its volume. Kalshi announced Wednesday that Jeff Bandman, the lawyer who helped Kalshi secure a license to be a CFTC-regulated exchange in 2020, is returning to Kalshi as CEO of Kalshi Prime, which serves customers of Kalshi’s margin perpetual futures business.
Neither Sequoia, Wellington nor Kalshi immediately responded to a CoinDesk request for confirmation.
The appointment comes as traditional wealth managers and family offices in Asia take a growing interest in digital assets. Boston Consulting Group estimates total assets under management in the region will reach $99 trillion by 2029, with Singapore and Hong Kong among its key financial centers. Globally, roughly one-third of family offices already have exposure to cryptocurrencies, according to Goldman Sachs.
Asia growth
Asia is increasingly where crypto’s retail scale and institutional ambitions collide. APAC was the world’s fastest-growing region for onchain activity in the year through June 2025, with transaction volume surging 69% to $2.36 trillion, according to Chainalysis.
India led its global adoption rankings, while Singapore and Hong Kong are competing to establish themselves as regulated digital-asset hubs, making the region an increasingly important battleground for firms courting traditional financial institutions and wealthy investors.
“Asia’s wealthiest families and managers are increasingly investing in digital assets,” Lai said in the press release. “B2C2 has the liquidity and execution infrastructure this client base needs.”
Lai’s appointment follows a series of hires by B2C2 in Asia under APAC CEO David Rogers, including Laura Teo as Singapore country head.
B2C2 is 90% owned by Japan’s SBI Holdings, and has become part of the financial group’s broader push into digital assets.
The White House will gather cryptocurrency and prediction market executives next Wednesday, according to three people familiar with the plans. The guest list remains unsettled, and traditional finance executives could also join.
The timing matters. Regulators convene many of the same executives 24 hours later. That hands Washington two straight days of contact with the industries pushing for new federal rules.
What the White House Crypto Summit Signals
President Donald Trump has aligned his administration with digital assets since returning to office last year. His regulators have opened doors to prediction market operators as well.
Neither the attendee list nor Trump’s own participation has been confirmed, Politico reported. The White House has not commented publicly on the plans.
Prediction markets let users trade contracts on the outcome of real events. They have moved from the margins of financial regulation toward its center.
Scrutiny has followed. New York City lawmakers opened an investigation into prediction markets this week over how the platforms advertise to residents.
CFTC Panel Convenes 35 Executives a Day Later
The Commodity Futures Trading Commission (CFTC) supervises US derivatives markets. It holds the first meeting of its Innovation Advisory Committee on Aug. 20 in Washington.
Chairman Michael Selig created the panel to advise the agency on technology, law, and policy questions. Its 35 members read like a guest list for the White House itself.
They include Polymarket’s Shayne Coplan, Kalshi’s Tarek Mansour, Coinbase’s Brian Armstrong, and Ripple’s Brad Garlinghouse. Executives from CME Group, Nasdaq, DraftKings, and FanDuel also hold seats.
That roster explains why the two days carry weight. Federal courts have already backed the platforms against state restrictions. A ruling favoring Kalshi kept their contracts trading in Minnesota.
CLARITY Act Vote Looms Over Both Meetings
The Digital Asset Market CLARITY Act would rewrite how Washington polices token trading. The bill sets a firmer test for which assets count as securities. Oversight would split between the Securities and Exchange Commission (SEC) and the CFTC.
The Senate Banking Committee advanced the measure 15-9 in May. Senators then left for their August recess without holding a floor vote.
Democrats object to an ethics carve-out covering Trump’s crypto holdings. Republicans Josh Hawley and Jerry Moran oppose the stablecoin yield provisions on behalf of community banks.
Sixty votes are needed to break a filibuster. That arithmetic has left researchers rating the bill’s passage odds as slim for this year.
Lawmakers return in September, and Majority Leader John Thune has said the chamber will move early on the bill. The SEC has meanwhile started drafting its own crypto rulemaking as a fallback.
Executives will arrive in Washington with one ask above all others. Access to the administration is far easier to win than 60 Senate votes. The coming month will show whether next week’s meetings shifted either number.
The post White House Plans Crypto, Prediction Market Summit Next Week appeared first on BeInCrypto.
Norway’s Government Pension Fund Global disclosed a 6,151,062-share position in BitMine Immersion Technologies valued at $81,870,635, according to a Norges Bank holdings filing for the quarter ended June 30. The holding gives the sovereign wealth fund indirect exposure to Ethereum through BMNR… Read the full story at The Defiant
ShipMonk, Trezor’s fulfillment partner, suffered unauthorized access to its systems, affecting nearly 14,000 customers’ data, the cold storage crypto wallet firm reported Thursday.
Trezor said the names, email addresses, phone numbers and shipping addresses of 11,742 customers had been compromised. It also said the names, cities and email addresses of another 1,947 customers were also breached, bringing the estimated number of victims to nearly 14,000 across the U.S., the UK, Sweden, Colombia, Brazil, Italy and Portugal.
“We have some difficult news to share,” Trezor said Thursday on X. “Unfortunately, one of our shipping providers has experienced a data breach that exposed sensitive order data.”
The Trezor-related security hack comes as global data breaches are at an all-time high, according to SentinelOne, a U.S. cybersecurity firm. It said that this year, data breaches have increased by 17% compared with 2025, with an average of 2,090 attacks worldwide each week. It is also estimated that global data breaches have been rising by 3% month over month since January.
Crypto World
Ripple Price Analysis: XRP Structure Remains Weak as $1 Support Comes Under Pressure Again
XRP remains firmly in a corrective structure, with the token trading near $1.00 after months of lower highs and lower lows. While the current support zone could trigger a relief move, the broader trend remains bearish until the asset can reclaim several key resistance levels.
Ripple Price Analysis: The USDT Pair
On the XRP/USDT daily chart, the price continues to trade inside a descending channel and below the 100-day and 200-day moving averages shown on the chart. This keeps the broader market structure tilted to the downside.
XRP is currently testing the $1.00 support zone, which has acted as a local floor during the recent consolidation. Holding this area could give buyers an opportunity to build a base and initiate a recovery toward the first major resistance at $1.25-$1.30. This zone is particularly important as it aligns with the critical 200-day moving average, which is currently declining around the same area.
A breakout above the descending channel and the $1.30 supply zone would improve the technical picture and could open the door toward the $1.50-$1.60 resistance area. However, as long as XRP remains below the $1.25-$1.30 area, the prevailing downtrend remains intact.
If the $1.00 support fails, the next major downside area appears around $0.90. A sustained move below that zone would signal another significant structural breakdown that could push the price even deeper and toward the lower boundary of the large channel.
The BTC Pair
The XRP/BTC pair paints a similarly weak picture. The pair has broken below the 1,700 sats support level and continues to trade within a broader descending structure.
XRP/BTC is now approaching the 1,500 sats support zone. Holding this area could allow for a recovery back toward 1,700 sats, which has now become the first key resistance. Until that level is reclaimed, XRP appears likely to remain relatively weak against Bitcoin.
Overall, XRP is in a critical technical area on both charts. The 1,500 sat demand zone is the crucial level for buyers to defend on the BTC pair. A sustained defense of this area could also fuel a rebound against USDT, but the broader bearish structure remains in place unless XRP begins reclaiming the overhead resistance levels.
The post Ripple Price Analysis: XRP Structure Remains Weak as $1 Support Comes Under Pressure Again appeared first on CryptoPotato.
Tether said Thursday that KPMG U.S. issued an unqualified opinion on the financial statements of Tether International, S.A. de C.V. for the year ended Dec. 31, 2025, completing the first full financial statement audit in the company's history. An unqualified opinion is the cleanest verdict an… Read the full story at The Defiant
The resignation of BitMart Chief Product Officer Terence Lee has stoked speculation online that the soon-to-be-shuttered crypto exchange could well be insolvent.
In a statement, posted online, Lee claims that he wasn’t “responsible for the exchange’s core business,” and that he’s not involved in BitMart’s “operations, management, or asset-related matters of the company or any of its affiliated entities.”
He also stressed that he has “no authority over platform assets, accounts, or matters relating to user funds” and said that he wouldn’t comment on any legal proceedings, calling his resignation “my sole public clarification on this matter.”
Crypto streamer Travladd said that Lee’s departure “screams insolvency,” and claimed that he’s resigning “before shit hits the fan.”
BitMart situation has ‘gotten out of hand’
According to “Cao,” a lawyer who’s previously served BitMart demand papers, the “situation has gotten out of hand.”
They said that “Not being in control of assets doesn’t exempt a co-founder from responsibility; you don’t get to opt out of accountability by stepping back once things collapse.”
Read more: BitMart founder denies exit scam as withdrawals stall
BitMart’s withdrawal issues
Prior to Lee’s departure, Open Gradient CEO Matthew Wang had already accused BitMart of insolvency after his market maker couldn’t retrieve its funds.
He also claimed that it was “insane” that BitMart asked token holders to lock up their tokens one week before it announced that BitMart would cease operations by January 31, 2027.
Wang’s post was apparently deleted while BitMart’s closure announcement on X was “withheld” from UK users “in response to a legal demand.”
Read more: BitMart processed just 63 withdrawals after closure announcement
The announcement promised an “orderly wind-down” and claimed, “withdrawal services will remain available.”
BitMart users scrambled to withdraw their funds as the price of its token fell 80% between July 24 and July 26.
However, there were significant delays, with users experiencing difficulties weeks later.
Co-founder denies rugpull
Eventually, BitMart co-founder Sheldon Xia broke a two-week silence to deny that the firm was conducting an exit scam.
In a statement that included no figures or timeline, Xia said the team is still tallying and consolidating what it holds.
He also floated the possibilty of “involving the courts and independent third-party auditors to provide a transparent report.”
Protos has reached out to BitMart for comment and will update this piece should we hear anything back.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws.
In a Thursday notice, the Baltimore mayor’s office said that the two prediction market companies operated “illegal, unlicensed sports-betting platforms” and misled users about the ”legality and regulatory status of their products.” The lawsuits are centered on claims disputing Kalshi’s and Polymarket’s characterization of event contracts, arguing that the trades amount to unlawful wagers under state laws.
“These companies are running sportsbooks without licenses and betting that a new label will put them above the law,” said Scott. “It won’t. Baltimore will not let multibillion-dollar companies put profits over people and harm our communities through illegal gambling.”
Notably, the city’s complaint against Kalshi included Robinhood, Webull and Coinbase as partners with the prediction market platform. All companies were accused of deceptive practices by marketing sports contracts as something that can ”lawfully be purchased and traded in Maryland.”
The legal action against prediction market companies was the latest conflict between US state and federal authorities, and many experts expect it to end with an appeal to the Supreme Court. The US Commodity Futures Trading Commission (CFTC), under Chair Michael Selig, and companies have argued that event contracts on prediction markets amount to “swaps” within its purview, while both Baltimore lawsuits and other state-level authorities dispute that claim.
“City-specific action runs counter to the CFTC’s established framework for regulating prediction markets,“ a Polymarket spokesperson told Cointelegraph in response to the lawsuit. “As courts have recognized, prediction markets on CFTC-registered exchanges are governed by federal law, not a patchwork of state and local rules.”
Related: Judge stays CFTC’s case against US soldier over prediction market bets
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