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U.S. three major stock indexes close lower, HOOD down over 5.46%

PANews July 18 news, according to Bybit market data, the three major U.S. stock indices closed lower, the Dow fell 0.72%, the Nasdaq fell 1.42%, and the S&P 500 fell 0.98%. Crypto-related stocks generally fell, among them COIN (Coinbase) fell 1.97% intraday; HOOD (Robinhood) fell 5.46%.

Trump touts Nvidia and Tesla days after buying their shares

President Donald Trump has promoted more than 20 companies, including Nvidia, Tesla and Apple, within days of purchasing their shares, according to a CNN investigation. CNN found that several Truth Social posts announced or praised government actions that could benefit…

Trasia, a liquidity provider focused on Asian equity Perp, has raised $35 million in a seed funding round led by Multicoin Capital.

According to Shenchao TechFlow news, July 17, official updates indicate that Trasia Labs, a liquidity provider focusing on Asian stock Perps, announced today that it has raised $35 million, including a $1.75 million seed round led by Multicoin Capital. Funds will be used for the launch of web and mobile applications, user growth, and the … Read more

JPMorgan: Increase in Strategy’s Cash Reserve Is a Positive Signal for Bitcoin Outlook

PANews, July 17 – According to The Block, JPMorgan analysts said that Strategy’s recently strengthened cash reserves and positive inflows into Bitcoin futures are “encouraging signs” for Bitcoin’s outlook, despite still volatile spot Bitcoin ETF flows. Strategy’s dollar reserves increased from $2.55 billion to $3 billion, covering approximately 20 months of preferred stock dividends. JPMorgan … Read more

MegaETH shuts down Mega Mafia incubation program, says ‘most successful projects are no longer built on it’

PANews reported on July 17, according to The Block, that the Ethereum scaling project MegaETH has announced the termination of its flagship incubation program, Mega Mafia, which ran for two years over two cohorts. Core team member Shuyao Kong stated that while the program successfully incubated around 20 teams with total cumulative funding of approximately … Read more