Crypto Industry News & Market Trends

Why Chips Drive 44% of S&P 500 Profit Growth

If it feels like every earnings call has turned into a chip update, that is not your imagination. The math backs it up. Semiconductors are expected to carry a huge slice of S&P 500 profit growth this quarter.　　Per LSEG estimates shared in mid-July, chipmakers and equipment names are on track for a triple-digit earnings jump and to contribute almost half of the indexs overall gains. That concentration cuts both ways. Great when demand is hot. Tough when anything wobbles.　　So lets break down why 44% of S&P 500 profit growth is resting on chips, what is actually moving the numbers, where the market might be getting ahead of itself, and the signals worth watching as prints roll out.PointDetailsSemis outsized contributionSemiconductor and equipment companies are projected to deliver roughly 44% of S&P 500 earnings growth in Q2, with sector earnings up about 133% year over year, per LSEG data cited by Reuters (via MarketScreener).Index-wide growthOverall S&P 500 earnings are expected to rise around 26% in Q2 year over year, also from LSEG estimates reported by Reuters (via MarketScreener).Market pricing vs. fundamentalsThe PHLX Semiconductor Index is up about 65% year to date, with a sharp July drawdown that saw it down roughly 18%

07-21Industry

Crude Oil Spikes Above $91: What It Means for Bitcoin (BTC)

Iran war developments have caused a surge in oil prices, BTC is holding firm.　　Bitcoins move above $66,000 comes hot on the heels of softer inflation data, higher ETF demand, and geopolitical conditions.　　Why Is Crude Oil Price Rising？　　Brent crude futures now stand at $91.58, the highest since early June. The situation was exacerbated yesterday by Houthi militants allied with Iran announcing a maritime embargo against Saudi Arabia, threatening Red Sea oil exports which have played a key role in oil supply following the closure of the Strait of Hormuz.　　What It Means for Bitcoin　　Higher crude oil leads the market to expect increased inflation, limiting how much the Federal Reserve can cut interest rates. Elevated interest rates make cash and Treasuries more appealing, and can often have a bearish impact on BTC.　　For now, however, BTC is rising alongside crude oil prices, with the latest developments in the war potentially already priced into the volatile crypto markets. BTC ranged between $63,100 and $65,666 earlier in the day and has now risen to $66,670, holding onto a 5-week high.　　Spot ETF inflows hit $227 million on July 20, giving the bulls a comfortable base from which to build support.　　You may also like:　　However, whether Bitcoin will continue

07-21Industry

Ella Langley Ties Elton John, Bruno Mars And Whitney Houston

With 14 weeks at No. 1 on the Billboard Hot 100 to its credit, Ella Langley‘s “Choosin’ Texas” ties with seven tracks as the eight-longest-running leader ever. NASHVILLE, TENNESSEE – JUNE 04: EDITORIAL USE ONLY. Ella Langley performs onstage at Nissan Stadium during CMA Fest 2026 day one on June 04, 2026 in Nashville, Tennessee. (Photo by Terry Wyatt/WireImage)　　WireImage　　For four consecutive weeks – including this frame – Ella Langley‘s “Choosin’ Texas” has controlled the Billboard Hot 100. The breakout smash has now accumulated 14 stays at No. 1, though those turns in the spotlight have been spread across six separate reigns since it first reached the summit in February. A succession of high-profile debuts by acts including BTS, Olivia Rodrigo, Drake, Ariana Grande and Taylor Swift repeatedly interrupted Langleys time in charge, but none of them stopped the biggest song of 2026 for long.　　“Choosin Texas” has nevertheless returned to the peak position over and over, and its latest victory moves it higher on the list of the longest-running No. 1 hits in Billboard Hot 100 history.　　Ella Langley Reaches 14 Weeks at No. 1　　“Choosin‘ Texas” earns its fourteenth week atop the Billboard Hot 100, the ranking that combines streaming activity, radio

07-21Industry

What is the CLARITY Act Ethics Package and Why is It Bullish for Bitcoin？

The White House has agreed to the CLARITY Act ethics package. These are the conflict-of-interest rules that froze the crypto bill for months. Treasury Secretary Scott Bessent says the Senate is now at the 1-yard line.　　Bitcoin (BTC) climbed toward $67,000 on the news. Here is what the deal says, and why traders like it.　　Bitcoin Price Performance. Source: BeInCryptoWhat Is the CLARITY Act Ethics Package？　　Start with the bill itself. The Digital Asset Market Clarity (CLARITY) Act would give US crypto its first full federal rulebook.　　The split is simple. The Commodity Futures Trading Commission (CFTC) would police digital commodities like Bitcoin. The Securities and Exchange Commission (SEC) would keep tokens that act like securities.　　The House passed the bill 294-134 in a bipartisan vote on July 17, 2025. Then it hit a wall. It needs 60 Senate votes, and it stalled before the Senate floor over one clause.　　That clause is the ethics package. It would stop the president, the vice president, lawmakers, and senior officials from profiting from crypto while in office.　　CLARITY UPDATE: The White House has reportedly agreed on an ethics package.　　Were on track to more than 10K messages to Congress. Your voice is making a difference.　　Follow us on X to get

07-21Industry

Ondo Enables Tokenized Stock Collateral on OndoPerps

Ondo Stocks holders can now back perpetual futures positions with SPYon and QQQon, subject to an initial $100,000 per-asset notional cap.　　Ondo Finance said it has deployed its tokenized stocks as collateral on OndoPerps, a perpetual futures venue, starting with SPYon and QQQon, in a post published Monday on X.　　The OndoPerps account said tokenized stock collateral is “live” and “now available for all users,” letting Ondo Stocks back perpetual futures positions. SPYon and QQQon are tokenized versions of exchange-traded funds tracking the S&P 500 and the Nasdaq-100.　　Ondo Stocks are tokenized stocks, ETFs and ADRs that give holders economic exposure to underlying assets but are not themselves those securities, and the tokens are issued by Ondo Global Markets (BVI) Limited.　　The feature lets traders post those tokens as margin rather than converting to stablecoins or selling other holdings. OndoPerps said an initial $100,000 per-asset notional cap applies and will be expanded, and that more Ondo Stocks will be added as eligible collateral over time.　　OndoPerps said trading volume on the platform “has accelerated past $3.8 billion,” and that it offers up to 20x leverage and 24/7/365 operations. The Defiant could not independently verify the volume figure, which comes from the platform itself.　　The venue carries

07-21Industry

UK Parliament Probes Banks Blocking Crypto Firms.

UK Parliament investigates banking restrictions affecting crypto businesses nationwide.Lawmakers seek industry evidence on account closures and payment restrictions.Inquiry may shape future UK banking policies for regulated crypto companies.　　The UK Parliament has launched a cross-party inquiry into claims that banks are limiting access to financial services for cryptocurrency businesses. Lawmakers will examine reports of account closures, banking restrictions, and payment limits affecting digital asset firms.　　The review comes as the United Kingdom advances its broader crypto regulatory framework and seeks to strengthen its position as a global digital asset hub.　　Parliament Seeks Evidence on Banking Restrictions　　The UK Crypto and Digital Assets All-Party Parliamentary Group (APPG) has opened an inquiry into banking access for cryptocurrency businesses across the country. The cross-party initiative will investigate whether banks are creating unnecessary barriers for legitimate digital asset companies.　　The review will examine reports that crypto firms struggle opening business accounts and maintaining existing banking relationships across the United Kingdom today. Lawmakers will also assess restrictions placed on crypto-related payments by banks serving retail customers and businesses across domestic markets.　　THE BLOCK: The UK Parliaments cross-party group for digital assets has launched an inquiry into banking access for the local crypto sector.　　The probe will examine difficulties opening/retaining bank accounts and

07-21Industry

Bitcoin Hits two-week high as Remittix surpasses $31m after huge ecosystem expansion

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.　　Bitcoins recent rally and ETF inflows are boosting market sentiment as traders look beyond BTC to emerging projects such as Remittix.　　SummaryBitcoins rally shifts attention to Remittix as its presale surpasses $31 million and ecosystem expansion continues.Remittix tops $31 million in presale funding as Bitcoins rebound fuels interest in emerging crypto projects.Remittix nears a $32 million presale milestone as Bitcoin strength revives demand for altcoin opportunities.　　Bitcoin has returned to the centre of market attention after climbing to around $65,500, its highest level in roughly two weeks. The move came as risk appetite improved, chip stocks rebounded and U.S. spot Bitcoin ETFs recorded five straight sessions of inflows worth more than $600 million.　　The return of Bitcoin momentum is now pushing traders to look across the wider crypto market for altcoins with stronger growth potential. One of the projects gaining attention is Remittix, which has now passed $31 million in its presale after announcing a major ecosystem expansion through Remittix Markets.　　Bitcoin momentum puts altcoins back on watch　　Bitcoin remains the biggest signal for the wider crypto market. Recent coverage showed Bitcoin reaching the $65,500

07-21Industry

XRP Performs 3rd Biggest Price Breakout in 2026 Yet

After emerging from a multi-week consolidation pattern, XRP just made one of its best technical moves of the year, posting one of the biggest bullish breakouts of 2026. The asset eventually broke through declining resistance, giving bulls their first significant win in months, after spending the majority of July trapped inside a narrowing triangle formation.　　XRP breaks free　　As of this writing, XRP is trading at about $1.13 following a nearly two percent increase in just one session. The technical structure behind the percentage gain is what gives it significance, even though the gain itself might not seem particularly noteworthy. A protracted run of lower highs that had dominated XRPs price action since the start of June has been ended by the breakout. XRP was compressed for weeks between a declining resistance trendline and a rising support line.　　XRP/USDT Chart by TradingView　　Large volatility expansions are usually preceded by such formations, and the market has finally decided on a course. Buyers were successful in pushing the price above both the trendline and the nearby 50-day moving average, creating new market momentum. Additionally, volume has increased throughout the breakout attempt, giving the move more legitimacy.　　This advance is bolstered by increased trading and investor participation, in

07-21Industry

The Odysseys Record Rotten Tomatoes Audience Review Score Has Solidified

The Odyssey has surpassed all box office expectations, already earning $263 million worldwide after its first weekend on a reported $250 million budget. That haul is a record for Christopher Nolans films, but the film has achieved additional milestones as well.　　The Odysseys Rotten Tomatoes audience review score has solidified, alongside the critic score. Over 400 critics have given The Odyssey a 95% on Rotten Tomatoes, while audience scores are even higher, now at a 97%. Often when more reviews come in over time, that number can drop. Here, the film has maintained this record level. Record for what？　　Among the wide releases of 2026, The Odysseys 97% score puts it above The Sheep Detectives (96%), Project Hail Mary (95%) and Obsession (94%).　　As said, The Odysseys scores are also a record for Christopher Nolan himself, who has never directed a critic- or audience-deemed “rotten” feature. The 97% of The Odyssey is above The Dark Knight (94%), Memento (94%), and Oppenheimer (91%). Oppenheimer, of course, won Best Picture in 2024 and nabbed Nolan Best Director. Needless to say, there is plenty of awards buzz about The Odyssey.　　The Odyssey　　Rotten Tomatoes　　Much fuss has been made online about these audience scores by a segment of the

07-21Industry

London Stock Exchange plans overnight venue to extend trading hours: FT

Quick TakeThe London Stock Exchange plans a separate overnight trading venue as it aims to extend trading for more than 2,600 listed exchange-traded products, FT reported.The move comes as traditional exchanges expand trading hours amid competition from crypto platforms offering 24-hour trading.　　The London Stock Exchange is planning a separate overnight trading venue as it extends trading hours beyond its main market, marking the latest effort by a traditional exchange to broaden access as investors increasingly embrace around-the-clock trading.　　The overnight venue is scheduled to launch in the first half of 2027 and will operate independently of the LSEs main market, which will retain its regular trading hours of 8 a.m. to 4:30 p.m., the Financial Times reported Tuesday. The new platform is expected to run from 5 p.m. to 7:50 a.m., with a 30-minute pause between 6:30 p.m. and 7 p.m. for end-of-day processing.　　At launch, the venue will initially provide access to exchange-traded products, including funds tracking UK and U.S. stock markets, per the report.　　LSE Chief Executive Julia Hoggett told the FT that the initiative is largely aimed at meeting retail demand, particularly from international investors, and that institutional interest in interacting with retail order flow is increasing.　　The exchange ultimately aims

07-21Industry

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