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‘It’s disappointing‘: U.S Treasury Secretary slams Democrats’ CLARITY Act holdout

U.S Treasury Secretary Scott Bessent has dismissed Senate Democrats for stalling the crypto market structure bill, the CLARITY Act.　　In a statement on Thursday, the 30th of July, Bessent noted that Democrats opposition was not surprising but “disappointing.”　　Its disappointing — but not surprising — that Senate Democrats are choosing politics on the cusp of a major victory for American leadership. American Exceptionalism was once a bipartisan goal; if Clarity fails, I have serious doubts.　　The Senate Democrats, including pro-crypto ones such as Angela Alsobrooks and Ruben Gallego, withheld support for the bill, citing ethics, developer protections (BRCA) and illicit finance provisions.　　For Bessent, some of the raised concerns, like developer protections under the Blockchain Regulatory Certainty Act (BRCA), formalize some historical government policies.　　The BRCA does nothing other than codify longstanding Treasury Department policy: non-custodial builders and developers are not, and have never been, subject to registration obligations under the Bank Secrecy Act.　　Source: XClarity Act: Republican support falters　　That said, Sen Thom Tillis (R-NC) and Ruben Gallego (D-AZ) reportedly reached an ethics deal. The draft included the role of state attorneys general (AGs).　　This is one of the key demands Democrats had pushed for, arguing that ethics cases and oversight can not be left to the

08-01انڈسٹری

Ambarella, Inc. stock Analysis: July Surge & M&A Catalyst Impact

AMBA — daily chart with candlesticks, EMA20/EMA50 and volume.Ambarella, Inc. Stock Breaks Out as M&A Catalyst Meets Bullish Structure　　Ambarella, Inc. stock surged decisively on July 31, closing at $86.00 after hitting an intraday high of $91.34. Reports of acquisition talks with NXP Semiconductorssparked the move on heavy volume exceeding 9 million shares. The technical structure, already constructive, now aligns with a powerful narrative.　　Key takeawaysAmbarella, Inc. stock closed at $86.00on July 31, fueled by reports of acquisition talks with NXP Semiconductors.Daily EMAs are stacked bullishly — EMA20 at $71.87, EMA50 at $71.25, and EMA200 at $69.45 — confirming broad trend participation.The daily RSIat 64.54 confirms momentum without triggering overbought conditions, while the MACD crossover signals a meaningful shift.The 1H RSI at 74.55 is in overbought territory, suggesting the intraday move may need consolidation before further upside.A daily close below $76.27 would invalidate the bullish breakout and point to a retracement toward pre-spike levels near $74–$76.　　Daily Timeframe: Is Ambarella, Inc. Stock in a Bullish Regime？　　Yes. The daily chart confirms a clean bullish regime for Ambarella, Inc. stock, with momentum building well before Thursdays surge. All three key exponential moving averages sit stacked in bullish order beneath the price.　　Notably, the EMA20at $71.87, EMA50

07-31انڈسٹری

Google Earth rolls back satellite image AI tool after criticism wave

Google has removed a new Google Earth feature after roughly a day of operation because disinformation researchers warned that it allowed anyone to drop convincing fake scenes onto Googles own satellite imagery.　　The feature was heavily criticized with several professionals calling for it to be removed. Google attempted to implement safeguards that would allow it to keep the feature operating, but ultimately conceded.　　Why did Google approve misinformation？　　Google recently launched and quickly removed a Google Earth feature called “create image,” that used Googles Nano Banana 2 model to turn a typed prompt into an invented scene layered over real satellite, aerial and 3D map data.　　A product manager, Bryan Horowitz, said that users could zoom to a spot on the web version, tap the button, and type whatever they wanted to appear there. Google pitched it as a way to “visualize history, create real estate plans and more.”　　However, open-source investigator Henk van Ess wrote on Substack, that Google spent 20 years building a trustworthy reference only for it to add a “button that makes things up.”　　His main issue with the feature was that the generated images would borrow the authority of the Google Earth platform.　　BBC Verify used the tool to generate a collapsed

07-31انڈسٹری

XLM crypto needs to reclaim these levels to flip its short-term bias bullishly

Bitcoin [BTC] and Ethereum [ETH] were both down 3.0%for the day, and the wider crypto market capitalization has fallen 2.43% in the past 24 hours. This deflated market sentiment followed a longer-term trend among the crypto majors of seller-dominated price action.　　For instance, Bitcoin was unable to climb back above $67k, and Ethereum bulls faced stiff opposition around the $2kround number supply zone.　　Amidst this backdrop, Stellar [XLM] also faced a drawdown. The altcoin has shed 6%over the past week and was also trading below a vital support level.　　Here are the price trends and key levels swing traders and investors need to keep an eye on.　　The Stellar bull trend and subsequent retracement　　Towards the end of May, XLM crypto had raced higher from $0.139 to $0.298. In just one week, the bulls had made a 113%move to establish a bullish swing structure.　　Source: XLM/USDT on TradingView　　On one hand, it was a clear structural shift. Yet, the $0.26-$0.27supply zone from late 2025 was not convincingly cleared. An alternative interpretation is that the move towards $0.30primarily swept liquidity above resistance before reversing.　　After ranging below $0.18for four months, the bullish breakout was followed by a deep retracement phase over the past two months.　　The 78.6%Fibonacci retracement level has

07-31انڈسٹری

Manhattan judge strikes down Perplexity AI defense in Reddit copyright lawsuit

A federal judge in New York has refused to throw out the core of Reddits copyright case against Perplexity AI.　　The fight is over how AI search engines harvest user posts and the ruling will set a precedent on whether anti-circumvention law can be used against companies that scrape content to feed AI answers.　　What is Reddit accusing Perplexity and SerpAPI of？　　U.S. District Judge Paul A. Englemeyer declined to dismiss Reddit‘s Digital Millennium Copyright Act claims against Perplexity and the web-scraping platform, SerpAPI. The act makes it illegal to bypass technological measures that control access to copyrighted works, which Reddit claims Perplexity and SerpAPI did using tricks like constantly changing their IP addresses to get around its and Google’s protections in order to grab user posts on a massive scale.　　Judge Engelmayer said Reddit‘s platform is exactly the kind of “global digital online marketplace for copyrighted works” that the DMCA was designed to protect. He also agreed, for now, that Google’s SearchGuard can count as a “technological measure” that controls access to protected work.　　However, the judge dismissed a “trafficking” claim against SerpAPI, along with Reddits state-law claims for unfair competition and unjust enrichment against both defendants.　　The case will now move into discovery, where

07-31انڈسٹری

Pump.fun Layoffs Spark Fury After Workers Miss Million-Dollar Token Payouts

Former Pump.fun employees say they were dismissed two months before their PUMP tokens vested. Weeks after those dates passed, the team unlocked 50 billion tokens of its own.　　An anonymous X (Twitter) account claiming to speak for more than 40 ex-staff began publishing termination emails this week. Pump.fun has not addressed the allegations publicly.　　April Brought Layoffs and a $370 Million Burn　　Sandmark reported that the Solana launchpad terminated contracts in early April. A quarter of each staff allocation was due to vest roughly two months later. Grant agreements had been signed in mid-June 2025, according to documents the outlet reviewed.　　Co-founder Noah Tweedale attributed the cuts to a business that “grew too quickly” and could no longer move “fast and rough.” Severance ran to one week of salary for every month worked. One departing employee reportedly lost PUMP worth seven figures at current prices.　　PUMP Price Performance. Source: Coingecko　　That same month, however, the platform destroyed $370 million of repurchased PUMP, wiping out roughly 36% of circulating supply. Co-founder Alon Cohen defended the April token burn at the time.　　“Every dollar not burned is a dollar being put to work toward the same outcome”　　Follow us on X to get the latest news as it happens　　What the

07-31انڈسٹری

IBM (IBM) Stock: Edges Higher as UniCredit Partnership Targets AI Banking Growth

TLDRIBM shares rise as UniCredit launches a major European banking tech overhaul.Accenture will acquire IBM‘s majority stake in UniCredit’s infrastructure venture.IBM will supply mainframe, software and consulting for core banking upgrades.The partnership aims to expand cloud, data and AI capabilities across Europe.Regulatory approvals remain required before the transaction can be completed.　　IBM (IBM) shares rose 0.86% to $223.65 at Friday‘s close before slipping 0.39% to $222.78 after hours. The move followed a major technology agreement involving UniCredit, Accenture, and IBM across thirteen European markets. The partnership targets banking modernization, wider artificial intelligence use, and UniCredit’s long-term European growth.　　International Business Machines Corporation, IBM　　UniCredit Builds New Banking Technology Model　　UniCredit plans to create a new technology operating model with support from Accenture and IBM. The bank wants greater control over system development while maintaining resilience across essential banking operations. The structure will also improve flexibility as UniCredit updates digital services across its European network.　　Accenture will acquire IBM‘s majority stake in the joint venture managing much of UniCredit’s technology infrastructure. That change will give Accenture a larger operating role within the banks multi-year transformation programme. Meanwhile, IBM will continue supplying key platforms, software, infrastructure, and consulting services.　　The agreement supports UniCredits wider plan to improve efficiency

07-31انڈسٹری

Ethereum Price And Scalability Records Mismatch, Here Is What Can Tilt The Balance

Key Insights:Ethereum (ETH) price stays below $2,000 even as network activity reaches new highs across layer-2 networks.Ethereum applications generated $1.79 billion in fees, but the base layer captured only 4.9% of that value.Analysts are watching tokenized assets and institutional demand as possible drivers for future ETH price growth.　　Ethereum price remains under the spotlight as the network continues to process more activity while the coin stays below the $2,000 level. Fresh data has renewed debate over whether Ethereums growing use is doing enough to support the ETH price, even as more projects and users continue to build on the network.　　Meanwhile, any price projections or technical levels referenced in this article are based on chart patterns and market indicators, which cannot accurately predict future price movements.　　This article should not be considered financial or investment advice. Readers are encouraged to perform independent due diligence and seek guidance from licensed professionals, given the inherent volatility of digital assets.　　Ethereum Price Lags Behind Network Growth　　Ethereum price has not matched the pace of growth across the network. That is the concern raised by market commentator Tanaka on X, who said Ethereum is scaling faster than ever, but the coin is still trading below $2,000.　　Figures shared for the

07-31انڈسٹری

Ethereum's 43-day staking queue isn't a clean demand signal, Sygnum says

Quick TakeSygnum Bank‘s Thomas Brunner said Ethereum’s 43-day validator queue reflects protocol mechanics as well as institutional demand, cautioning against treating it as a straightforward bullish signal.“Almost no one is un-staking, which points to genuine conviction,” he said. “The entry queue measures as much plumbing as demand.”　　The Ethereum validator entry queue has swelled to roughly 2.5 million ETH, with new stakers waiting approximately 43 days to activate while the exit queue remained largely empty, according to data from Beaconcha.in.　　Thomas Brunner, Head of Custody and Staking at Sygnum Bank, said the backlog is not the clean bullish signal it appears to be on the surface.　　“The queue is genuinely long, and part of that is real demand weve observed with spot ETF and at our own level,” Brunner said in a written interview with The Block. “But a meaningful share of this staking backlog is mechanical, not directional and it stems from last years Pectra upgrade.”　　The Dencun upgrade lowered the daily validator entry rate to roughly 57,600 ETH, Brunner said, and Pectra did not raise it. Pectra also allows validators to hold up to 2,048 ETH each and compound automatically, so large operators are now topping up existing validators. Every top-up, some

07-31انڈسٹری

Saylor and Strategy Officially Back CLARITY Act for US Crypto

Key TakeawaysStrategy and Michael Saylor publicly endorsed the CLARITY Act.The Senate proposal divides crypto oversight between two regulators.The measure gained backing as institutional interest in crypto grows.　　Strategy and Saylor Join the CLARITY Act Campaign　　Strategy Inc. (Nasdaq: MSTR) announced its support for the Digital Asset Market Clarity Act on July 31, adding the worlds largest corporate bitcoin holder to the legislative campaign. The company presented the bill as a bipartisan framework supporting market expansion, institutional participation, consumer protection, and individual digital asset ownership.　　Strategy declared:　　“We support the bipartisan CLARITY Act. It establishes a clear framework for the growth of digital asset markets, accelerates institutional adoption, strengthens consumer protections, and safeguards the right of individuals to own and control their digital assets.”　　Michael Saylor‘s CLARITY Act endorsement adds one of the cryptocurrency industry’s most influential corporate voices to the campaign for market structure legislation. As executive chairman of the worlds largest corporate bitcoin holder, his support reflects growing institutional interest in establishing a durable regulatory framework for digital assets before broader adoption accelerates.　　Saylor wrote:　　“I support advancing the CLARITY Act through bipartisan work to establish clear, durable rules, protect property rights, promote innovation, and strengthen American capital markets. Bitcoin will succeed with or without legislation,

07-31انڈسٹری

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