Trump Media Group Exits Crypto.com Related Businesses, BlackRock Holds 51 Million Shares of SpaceX

Trump Media Group has exited two crypto-related businesses associated with Crypto.com, including the CRO reserves and prediction market plans. Whales share market views, stating this is the last chance to get on board. Tom Lee indicated that the probability of a rate hike in September has dropped below 40%. The CLARITY Act failed to advance before the summer recess and is expected to be prioritized after the September reconvening. X announced the launch of an original content rewards program. Analysts noted that Citigroup downgraded Micron's rating, predicting that memory prices will peak in the May quarter of next year. HyperLabs sold assets worth $24.25 million through Flowdesk after redeeming 433,000 HYPE from staking. BlackRock disclosed that it held 51 million shares of Class A common stock in SpaceX as of the end of June. JPMorgan has raised its expectations for tech bond issuance, predicting that this year's issuance will exceed $500 billion.

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