Connect with us

Crypto World

The World’s Biggest Investor Is Trimming AI Stocks. Should You Worry?

Published

on

The World’s Biggest Investor Is Trimming AI Stocks. Should You Worry?

BlackRock has pulled back on AI stocks most directly tied to the artificial intelligence (AI) boom, Chief Investment Officer of Global Fixed Income Rick Rieder said Wednesday. He described the sales as rebalancing, not a reversal.

BlackRock manages more client assets than any rival, so its positioning attracts unusual attention. Investors are already debating whether the market’s concentration in a few AI winners has gone too far.

BlackRock AI Stocks Pullback Reflects Selectivity

Speaking on CNBC, Rieder said his team trimmed positions in companies whose earnings depend most heavily on the AI buildout. In a separate clip, he added that the firm also cut a notable slice of its overall equity exposure.

He framed the shift as trimming winners rather than exiting the theme.

Advertisement

“Some of the companies that are more directly tied to AI, we’ve pulled back a bit and rebalanced a bit,” Rieder said in the interview.

Follow us on X to get the latest news as it happens

The scale behind the words matters. BlackRock reported a record $13.9 trillion in assets under management as of March 31, according to an SEC filing.

However, the comments extend a stance Rieder has held all year. At a CNBC event in June, he rejected dot-com comparisons. The Magnificent 7 then traded near 26 times earnings, he noted, with forward earnings growth above 20%.

His January outlook likewise argued 2026 would reward income and selectivity as AI gains separate winners from laggards.

Advertisement

Wall Street is already divided on the trade. JPMorgan urged clients to buy the recent chip dip while Morgan Stanley preferred hyperscalers instead, a split over AI chips that mirrors BlackRock’s selectivity.

Where the AI Money May Rotate Next

Rieder indicated the firm may redeploy into cheaper beneficiaries of AI adoption. Power producers, industrials, and infrastructure builders could capture the next wave of data center spending.

Signs of profit-taking are spreading across the AI supply chain. AI memory stocks still lead 2026 trading even as money flows turn cautious. Meanwhile, Samsung shares fell this week despite forecasting a 19-fold profit jump, because investors booked recent gains.

Concentration remains the deeper worry. The S&P 500 has repeatedly set records on weak market breadth, with a small group of mega caps carrying the index.

Advertisement

BlackRock’s wider portfolio guidance this year points the same way. The firm now recommends a 1% to 2% Bitcoin (BTC) allocation, another route to returns beyond a few dominant AI names.

For investors, the message reads as discipline rather than alarm. The coming earnings season may show whether the market’s biggest AI names can still defend their premiums.

The post The World’s Biggest Investor Is Trimming AI Stocks. Should You Worry? appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

South African lawmakers propose draft rules on cross-border crypto transactions

Published

on

South African lawmakers propose draft rules on cross-border crypto transactions

South Africa’s Treasury and central bank are moving towards regulating the use of cryptocurrency for cross-border transactions.

The National Treasury and the South African Reserve Bank (SARB) released a draft rulebook on Monday that proposes that sending crypto offshore must be conducted through an authorized provider and reported to the central bank’s Financial Surveillance Department (FinSurv).

“The proposed regulatory measures seek to minimize the risk of regulatory arbitrage between regulated entities conducting cross-border activities, and to enhance the ability of the Financial Surveillance Department (FinSurv) to detect, deter and disrupt illicit financial flows,” Treasury and the Reserve Bank said in a joint statement.

The framework would not make crypto legal tender, nor do the rules distinguish between different digital assets.

Advertisement

The two bodies have invited comments from interested parties with a deadline for submission of Sept. 30.

The proposed rules build on previous National Treasury draft regulations issued in April, which would require crypto holders to declare assets above a certain threshold and hand over private keys to enforcement officers on demand.

Source link

Advertisement
Continue Reading

Crypto World

XRP News: Ripple Takes Equity Stakes in Zilo and Licuido to Fix Idle Tokenized Assets

Published

on

xrp logo

In the latest XRP News, Ripple announced strategic equity investments in two UK-based firms, Zilo and Licuido, on August 3, 2026, converting existing commercial partnerships into ownership positions to complete a full-lifecycle institutional capital markets stack on the XRP Ledger.

The move targets the gap that has stalled most institutional tokenization pilots: minting a token is straightforward; financing, pledging, and settling it with the same reliability as a conventional holding is not.

Xrp (XRP)
24h7d30d1yAll time

Discover: Everyone’s Got a Take. Get Free $25 to Actually Trade Yours

The Problem: Tokenized Assets That Sit Idle

Advertisement

Institutional RWA tokenization has exhibited a consistent structural failure: tokenized fund shares are issued and then parked.

The ownership record, issuance rail, and settlement mechanism have historically been handled by separate, often incompatible legacy systems that were never designed to interface with on-chain collateral markets.

Ripple’s framing of the deal is explicit on this point. The company described the investments as addressing constraints in which collateral sits idle, settlement takes longer than necessary, and institutions have no reliable path to unlock liquidity from tokenized positions.

Advertisement

The Zilo and Licuido stakes are designed to close those three gaps simultaneously on XRPL.

Discover: Your Market Calls Are Worth Something. Start With Free $25 on Kalshi

XRP News: What Zilo and Licuido Each Provide

Zilo handles transfer agency and fund administration – the regulated record of who owns what, extended to cover tokenized share classes as funds move on-chain. Before any lender will extend credit against a tokenized fund position, they need a legally reliable ownership register; Zilo supplies that layer. Its client roster, which includes Citi, Fidelity International, and State Street, provides Ripple with a direct bridge into incumbent custody and TA infrastructure.

Advertisement

Licuido, an FCA-regulated platform, manages issuance, distribution, and execution, allowing traditional financial assets, including fund shares, to move as digital collateral through on-chain atomic settlement.

Trades settle on the XRPL in three to five seconds. Ripple’s dollar-pegged stablecoin, RLUSD, functions as the regulated cash leg for delivery-versus-payment transactions, so asset transfer and payment settle simultaneously rather than sequentially.

Together, the three-part stack – Zilo for regulated record-keeping, Licuido for issuance and collateral mobility, RLUSD for the cash leg – gives institutions a single operating model for tokenized fund assets from issuance through financing. Neither company’s financial terms were disclosed.

Advertisement
Photo: Nigel Khakoo

Nigel Khakoo, Ripple’s SVP of Trading and Markets, characterized the infrastructure role of both firms in the official press release: “ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility.”

Building on Live Deployments, Not Pilots

The stakes are not speculative bets on unproven vendors. Ripple confirmed that both investments build on pre-existing partnerships, and Licuido was already in production as the tokenization infrastructure for the Aviva Investors USD Liquidity Fund, the first tokenized fund structure approved by the Central Bank of Ireland on a public blockchain, which went live on XRPL on July 29, 2026.

BNY holds the underlying assets; Komainu provides digital asset custody.

The institutional pipeline extends further. Ripple’s parallel push into institutional infrastructure also encompasses a September 2025 memorandum of understanding with Franklin Templeton and DBS to list Franklin Templeton’s sgBENJI tokenized money market fund on the DBS Digital Exchange alongside RLUSD, with a stated path toward using sgBENJI as repo collateral.

Advertisement

The collateral-mobility thesis Ripple is industrializing through Zilo, and Licuido is the same structure that the partnership was designed to test.

On the network side, Ripple reported that XRPL has processed more than four billion transactions since 2012 and is maintained by 120 independent validators. A major protocol upgrade, xrpld 3.3.0, targeting improvements in XRPL infrastructure and institutional finance functionality, was expected to be released within days of the announcement.

Ripple is also one of 54 firms on a UK government task force formed to build live tokenized wholesale financial market use cases over the next 12 months, alongside Circle, Coinbase, BlackRock, Goldman Sachs, J.P. Morgan, and Morgan Stanley. The first target is the tokenized repo. Ripple’s expanding regulatory positioning in Europe provides additional runway for the institutional tokenization push built on XRPL.

Advertisement

The practical test for the Zilo and Licuido stack is whether tokenized fund shares generate genuine secondary liquidity and serve as working collateral in live credit markets over the next 12 to 24 months – or whether they remain a more sophisticated form of the same idle token problem Ripple is explicitly trying to solve.

Discover: Get Paid to Be Right, $25 to Start on Kalshi

Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit

The post XRP News: Ripple Takes Equity Stakes in Zilo and Licuido to Fix Idle Tokenized Assets appeared first on Cryptonews.

Advertisement

Source link

Continue Reading

Crypto World

A SpaceX Rocket Will Crash Into the Moon This Week. Here’s Everything You Need to Know

Published

on

A SpaceX Rocket Will Crash Into the Moon This Week. Here's Everything You Need to Know

The 230-ft. Falcon 9 lifted off from launch complex 39A at the Kennedy Space Center on Jan. 15, 2025, packed with a pair of spacecraft bound for the moon. One of them, the Blue Ghost lander, built by Firefly Aerospace of Cedar Park, Texas, landed on the moon on March 2, 2025, becoming the first privately built ship to pull off a completely successful lunar touchdown. The other, the Resilience lander, built by the Japanese company ispace, wasn’t so fortunate, crash-landing on the moon on June 5, 2025, after its laser range-finder failed. At the beginning of their missions, once the ships had climbed to near-Earth space, both of them relied on the Falcon 9’s 45-ft. upper stage to blast them away from the Earth and outward to the moon. After releasing the two lunar landers, that Falcon stage was supposed to fall harmlessly away, but instead it’s hung around.

Source link

Continue Reading

Crypto World

Trump Administration Plans Ban on New Chinese AI Data Center Components: Report

Published

on

The White House is reportedly preparing fresh restrictions targeting Chinese-made data centers as it seeks to secure the infrastructure powering the race for AI domination.

The new rules, reported by Reuters earlier today, would prohibit US imports of new models of Chinese optical transceivers used in AI data centers.

AI-Security Needs Increase

The Federal Communications Commission is developing the proposed restrictions and is expected to announce them later this year. If approved, they would block future imports of the network components, which transmit data through fiber-optic cables at extremely high speeds. They have a key role in connecting AI chips inside modern data centers.

Reuters further claimed that US officials are concerned that Chinese-made transceivers could be exploited to steal sensitive information, install malicious software, or disrupt operations inside the massive data centers that power some of the leading AI models.

Advertisement

Divyansh Kaushik, an AI policy expert in advisory firm Beacon Global Strategies, doubled down that “transceivers definitely pose a risk,” and warned that AI developers “want to make sure the data center supply chain is secure from the get-go.”

According to the report, the proposals come after some hard lessons learned by the US government from the Huawei fiasco, when Chinese telecommunications equipment became so deeply embedded into American infrastructure that replacing it became highly expensive and time-consuming.

Beijing Will Respond

Although the White House and the FCC failed to respond to Reuters’ queries, the Chinese embassy in Washington said Beijing had urged the US to “heed the objective and rational voices of the business communities in both countries and stop smearing Chinese companies and threatening them with sanctions.”

The officials added that China will “take all necessary measures” in response to whatever action is undertaken by the Trump administration.

Advertisement

The POTUS has frequently outlined in the past the significance of keeping the US as the leader in terms of artificial intelligence and cryptocurrency adoption and development.

The post Trump Administration Plans Ban on New Chinese AI Data Center Components: Report appeared first on CryptoPotato.

Source link

Advertisement
Continue Reading

Crypto World

CLARITY Act Senate Vote Locked In, But 60-Vote Hurdle Looms Large

Published

on

🇺🇸

Senate Majority Leader John Thune confirmed on August 3 that H.R. 3633, the Digital Asset Market Clarity Act, will receive a Senate floor vote before the August recess, upgrading the bill’s status from probable to scheduled.

The confirmation matters, but it does not resolve the harder question: whether Republicans can assemble the roughly seven Democratic votes needed to clear the 60-vote filibuster threshold that stands between a floor vote and actual passage.

As of that confirmation, the CLARITY Act was still absent from the official Senate floor calendar, and no cloture motion had been filed.

Advertisement

Per analysis from crypto analyst Ted Pillows, if Senate leadership waits until Wednesday, August 6, to file cloture, the earliest possible floor vote falls on Friday, August 8, leaving almost no margin before the chamber disperses for its state work period.

The primary source identifies August 7 as the last functional Senate workday, with August 10 marking the visible close of the window.

Thune’s move to force a vote, even without guaranteed passage, is partly about accountability. A floor vote creates a public record, placing every undecided Democrat on the spot before the midterm cycle intensifies. That political calculation does not change the arithmetic, but it changes the pressure environment heading into September.

Bitcoin (BTC)
24h7d30d1yAll time

Discover: Get Paid to Be Right, $25 to Start on Kalshi

Advertisement

What the CLARITY Act Would Actually Restructure

The core function of the CLARITY Act is jurisdictional. The SEC retains oversight of investment contracts and tokenized securities.

The CFTC acquires full spot market regulatory authority over digital commodities, a significant expansion given the agency currently holds derivatives jurisdiction but limited fraud enforcement reach in spot markets.

That SEC-CFTC split is the structural change the industry has been lobbying toward for years, as covered in earlier reporting on Treasury Secretary Bessent’s pressure campaign for the same vote.

Advertisement

The total crypto market stood at $2.28 trillion as of July 20, 2026, with Bitcoin accounting for $1.29 trillion, roughly 56% dominance, and stablecoins representing approximately $305 billion.

Bitcoin (BTC)
24h7d30d1yAll time

The remaining $680 billion in digital assets is the most directly affected tranche: those are the tokens whose securities-versus-commodities classification remains legally ambiguous, and whose exchanges, market makers, and issuers would face new registration and compliance obligations under the bill.

Bitcoin is the least affected asset in this picture. It already carries established commodity treatment, a derivatives market, and spot ETF access. The CLARITY Act would confirm its status rather than change it.

The primary beneficiaries sit in the mid- and long-tail of the market: investment contract-type tokens seeking commodity reclassification, U.S. spot exchanges pursuing federal registration, stablecoin platforms navigating yield restrictions, and DeFi protocols with identifiable governance structures.

Advertisement

Discover: Everyone’s Got a Take. Get Free $25 to Actually Trade Yours

Three Unresolved Disputes That Could Sink the 60-Vote Count

The Senate Banking Committee passed its version of the bill 15-9 on May 14, 2026, with all Republicans plus Democratic Senators Ruben Gallego and Angela Alsobrooks in favor, though both explicitly reserved judgment on floor support pending further negotiations.

The Senate Agriculture Committee, which oversees CFTC jurisdiction over digital commodity spot markets, approved a separate version in January 2026. Senator Cynthia Lummis released a unified draft merging both committee texts on July 22, but reconciliation gaps remain.

Advertisement

The stablecoin rewards debate is the most commercially charged open issue. The Senate Banking draft would prohibit yield payments on stablecoin holdings, treating platforms that pay such yields as de facto deposit-taking institutions subject to bank-equivalent requirements.

Crypto firms argue the provision protects incumbent banks rather than consumers, and the carve-outs for transaction rewards, digital payments, and loyalty programs raise definitional questions that the SEC, CFTC, and Treasury would have to resolve jointly in rulemaking, adding implementation uncertainty even if the bill passes.

Ethics rules represent the more politically explosive obstacle. Several Democratic senators are pushing for stricter restrictions on federal officials and their families engaging in crypto dealings, a demand inseparable from the Trump family’s crypto activity.

Advertisement

The updated draft includes a temporary restriction on senior officials issuing or sponsoring digital assets, set to expire in 2029, but that provision has not secured White House backing.

Senator Thom Tillis acknowledged negotiators are “not quite there” on an ethics agreement. Without that resolution, the Democratic vote count necessary to reach 60 likely does not exist. Per crypto.news, Polymarket traders price the CLARITY Act’s probability of becoming law in 2026 at approximately 33%, while Galaxy Research puts it at 30%.

What Failure Before August 10 Actually Means for Crypto Markets

The August 10 date carries institutional weight rather than immediate market weight. No existing exchange, token, or stablecoin faces legal jeopardy if the bill misses the window.

Advertisement

What changes is the regulatory trajectory: a failed vote pushes the realistic timeline for comprehensive crypto market-structure legislation into mid-2027 at the earliest, as post-recess legislative calendar compression coincides with government funding negotiations and a sharpening midterm environment.

The practical consequence of continued delay is that the SEC and CFTC proceed through guidance and enforcement rather than statute, a framework that is both less predictable and more reversible with each change in administration.

That regulatory uncertainty is already priced into U.S.-based exchange valuations and token classification risk premiums. Passage would compress those premiums; failure extends them.

The parallel is instructive: MiCA’s implementation in Europe demonstrated how codified market structure rules can materially shift institutional positioning once legal ambiguity is removed.

Advertisement

Even if the CLARITY Act clears the Senate and reaches the president’s desk, the operational timeline is not immediate. The current draft sets a 360-day effective date after enactment, with additional delays built in for SEC and CFTC rulemaking on exchanges, custody, derivatives, and market data.

Most operational changes would not take effect until late 2027. Passage in 2026 matters for the institutional commitment it signals and the legal baseline it sets, not because it flips a switch on market structure in the near term. The next 72 hours of Senate scheduling will determine whether that baseline arrives this year or gets deferred into another Congress entirely.

Discover: Everyone’s Got a Take. Get Free $25 to Actually Trade Yours

The post CLARITY Act Senate Vote Locked In, But 60-Vote Hurdle Looms Large appeared first on Cryptonews.

Advertisement

Source link

Continue Reading

Crypto World

Israel Bombs Gaza, Casting Doubt on Trump Peace Plan

Published

on

Israel Bombs Gaza, Casting Doubt on Trump Peace Plan

On Friday, Trump said that Israel was “very happy” with the deal, which he called a “big step for the Middle East.”

Instead, Israel has appeared to buck Trumpnot for the first time—by sharply intensifying its deadly attacks on Gaza. The weekend airstrikes are just the latest Israeli attacks since the October cease-fire, which was meant to halt fighting after the war killed more than 67,000 Palestinians. Since then, the Palestinian death toll has risen to 73,000, according to Gaza’s Health Ministry, while five Israeli soldiers have been killed, including one in friendly fire, since the cease-fire, according to Israeli officials. The war began after the Palestinian militant group Hamas launched a terrorist attack on Israel on Oct. 7, 2023, killing around 1,200 people.

Source link

Continue Reading

Crypto World

Strategy’s STRC retakes $90 after 24% rebound from June closing low

Published

on

Strategy’s STRC retakes $90 after 24% rebound from June closing low

Strategy’s STRC retakes $90 after 24% rebound from June closing low

The preferred shares have recovered nearly 24% from their June closing low as Strategy builds its cash reserve and repurchases STRC.

Source link

Continue Reading

Crypto World

GBP/USD: The Triangle That Could Define the Rest of 2026

Published

on

GBP/USD: The Triangle That Could Define the Rest of 2026

The pound just closed its strongest week against the dollar in months, ending July up more than 1% and holding just below $1.35. Two factors are driving the move. First, political risk has faded: the UK appointed its seventh prime minister in a decade, and the new government’s pledge of fiscal discipline has reassured markets. Second, the Bank of England surprised with a more hawkish tone than expected—policymakers voted 6-3 to hold rates steady, but three members pushed for a hike, a stronger signal of resolve than markets had priced in.

The dollar, meanwhile, has had a rough few sessions. Following the Fed’s decision to hold rates for a fifth consecutive meeting, Chair Kevin Warsh offered little clarity on the path ahead, leaving investors questioning whether the central bank is doing enough to bring inflation back to target. The dollar index posted its worst weekly performance in three months as a result, though roughly two-thirds of the market still expects a September hike.

With both central banks striking cautiously hawkish tones but offering little forward guidance, GBP/USD’s next move looks set to hinge on incoming US labor data.

Technical Analysis of GBP/USD

As the GBP/USD chart shows, the pair has been compressing into a broad symmetrical triangle since January’s highs, with price now converging near the 0.382 Fibonacci retracement around 1.3427, exactly where the two trendlines meet. This narrowing structure suggests a decisive breakout may be approaching after months of range-bound trading.

Bullish Scenario

Advertisement

Should buyers push through the descending trendline and reclaim the 0.5 Fibonacci retracement near 1.3510, the path would open toward the 0.618 level around 1.3594, with a stronger move potentially targeting the 1.3865 highs from January if fundamental momentum aligns.

Bearish Scenario

Conversely, a break below the ascending trendline would expose the 1.3200 support zone, with a more significant breakdown risking a retest of the 1.3155 low that anchored this entire triangle formation.

With price coiled right at the apex of this multi-month triangle, and both the Fed and incoming labor data serving as potential catalysts, GBP/USD looks primed for its next major directional move—will the pound extend its recent strength, or is the dollar poised for a comeback?

Advertisement

Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Source link

Advertisement
Continue Reading

Crypto World

BlackRock (BLK) debuts tokenized access to $311 billion of money market funds in Europe

Published

on

BlackRock (BLK) debuts tokenized access to $311 billion of money market funds in Europe

BlackRock (BLK), the world’s largest asset manager, is building on its recent expansion of tokenized cash offerings in the U.S. by tapping into a combined $311 billion of assets under management in European money market funds in a sign of the growing appeal of holding real-world assets on blockchain technology.

BlockRock unveiled 12 new tokenized share classes based on six funds across 15 European markets. The funds, which comply with the European Union’s UCITS regulations, include sterling, euro and dollar share classes, the asset manager said Tuesday. The move comes one day after the firm added two tokenized cash offerings in the U.S.

CEO Larry Fink has repeatedly championed tokenization technology as a way to modernize financial markets. The tokenized real-world asset market has grown more than 200% over the past year to over $30 billion, according to rwa.xyz, while Citi projects tokenized securities could reach $5.5 trillion by 2030.

The tokenized funds are designed for corporate treasurers who already use money market funds to manage operating and reserve cash, as well as at asset managers and investment consultants across traditional and digital markets, BlackRock said.

Advertisement

Source link

Continue Reading

Crypto World

BTC vs ETH vs XRP: Which ETFs Attracted the Most Money on Monday?

Published

on

After a painful end to the previous week (and month), the spot Bitcoin ETFs began August with a bang, attracting over $170 million in net inflows.

This made them the best-performing exchange-traded funds tracking any cryptocurrency on Monday, which has not always been the case lately.

The fresh capital that entered the BTC funds on Monday is almost the same as the entire net positive for July, which was $172.42 million. At the same time, the underlying asset rebounded from another dip to $62,200, and jumped to $64,000 in midday trading.

In contrast, the Ethereum ETFs far outperformed in July, attracting more than $365 million last month. However, SoSoValue data shows that the financial vehicles tracking the largest altcoin were actually in the red on Monday, losing $11.42 million.

Advertisement

The XRP ETFs gained a modest $1.15 million, but extended their non-red streak, as the last day with more withdrawals was July 8.

The Solana funds saw no reportable action, similar to those tracking Dogecoin, but that’s no surprise since they have rarely seen any actual inflows.

The spot HYPE ETFs, which were once the top-performing crypto funds, are on a painful streak. The last time they were in the green was July 15. On Monday, the ETFs lost nearly $1 million again.

The post BTC vs ETH vs XRP: Which ETFs Attracted the Most Money on Monday? appeared first on CryptoPotato.

Advertisement

Source link

Continue Reading

Trending

Copyright © 2025