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Share link:In this post: The S&P 500 is hitting new highs, but only a small number of mega-cap tech stocks are driving the gains. Similar narrow market rallies in the past have often led to weaker performance over the following 12 months, according to data going back to 1972. Some analysts believe potential interest rate cuts by the Federal Reserve could boost participation from smaller stocks and help stabilize the rally.

Share link:In this post: X said it’s “deeply concerned” about press censorship in India after being ordered to block over 2,300 accounts, including Reuters. India’s government denies issuing a new blocking order and claims it quickly asked X to restore the Reuters accounts. The dispute highlights ongoing tensions between X and Indian authorities over content takedowns and press freedom.

Share link:In this post: Pakistan has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee crypto service providers. The Pakistan crypto market has over 40 million users and $300B in annual trading volume. The government also allocated 2,000 megawatts of electricity for Bitcoin mining and plans to establish a strategic Bitcoin reserve.
- 20:27US CFTC Acting Chair May Join MoonPay After Official Chair ConfirmationAccording to a report by Jinse Finance, crypto journalist Eleanor Terrett wrote that "there are rumors that after a permanent chair is confirmed, CFTC Acting Chair Caroline D. Pham will join the cryptocurrency payment platform MoonPay. MoonPay declined to comment on this. A spokesperson for the CFTC did not deny the rumor, telling me: 'As she stated in May, Acting Chair Pham will return to the private sector once a new chair is confirmed. In the meantime, she remains committed to faithfully carrying out the President’s agenda and delivering on his promise to achieve victories in the crypto space.'"
- 20:23US Dollar Index rises 0.73% on the 25thAccording to Jinse Finance, the US Dollar Index rose by 0.73% on the 25th, closing at 98.430 in the foreign exchange market.
- 20:22US SEC Delays Decision on Canary Spot PENGU ETF and Grayscale Spot Cardano ETF ApplicationsAccording to Jinse Finance, the US SEC has postponed its decision on the applications for the Canary Spot PENGU ETF and the Grayscale Spot Cardano ETF.