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Nvidia Surpasses $4 Trillion Market Cap Amid AI Boom

Nvidia made history by becoming the world’s first publicly traded company to reach a $4 trillion market capitalization, outpacing Microsoft and Apple. The chipmaker’s rapid ascent is fueled by surging demand for AI chips, with investors betting on its continued dominance despite trade headwinds and geopolitical uncertainties. The company’s expansion into AI hardware remains central to its record-breaking valuation and recent strong earnings, including significant gains in its gaming division.

Source: Finance Magnates


Bitcoin Hits New Record High as Trump Calls for Major Fed Rate Cut

Bitcoin soared above $112,000, setting a new all-time high after President Trump called for a dramatic three-percentage-point cut to Federal Reserve interest rates. The rally was mirrored across crypto markets, with Ethereum also surging, and came amid renewed investor risk appetite in response to fresh pro-growth rhetoric and expectations of looser U.S. monetary policy. Publicly traded crypto firms, including Coinbase and MicroStrategy, also saw sharp gains on the back of the move.

Source: Finance Magnates


“One Big Beautiful Bill” Enacts Sweeping U.S. Tax Reform, Sparks Economic Debate

President Trump’s newly-passed “One Big Beautiful Bill,” a sweeping 900-page law, enacts permanent middle-class tax cuts, extends business incentives, and slashes social spending by over $1 trillion. Proponents say it will spark a jobs boom, while critics—including the CBO—warn it could grow the deficit by up to $6 trillion and undermine low-income safety nets. Markets welcomed the short-term stimulus, but analysts caution about rising inflation and long-term fiscal risks.

Source: Finance Magnates


CME Group’s International Volumes Hit Record on Forex Surge

CME Group reported a record international average daily trading volume of 9.2 million contracts in Q2 2025, up 18% year-over-year, driven largely by a 30% surge in foreign exchange activity in Latin America. The launch of CME’s FX Spot+ marketplace boosted participation from new institutional clients, further bridging traditional spot and futures markets. This momentum reflects continued market volatility and global demand for risk management tools.

Source: Finance Magnates


Tokenized Stocks Go Mainstream as Bitget, Robinhood, and Kraken Expand “Always-On” Equities

Major crypto platforms, including Bitget, Robinhood, and Kraken, have rolled out tokenized versions of popular U.S. stocks, allowing 24/5 global trading and removing traditional brokerage barriers. While providers tout increased access and flexibility, skeptics question if these tokens offer real advantages over CFDs or equity derivatives, while liquidity and regulatory uncertainties remain.

Source: Finance Magnates


Revolut Eyes $65 Billion Valuation as Wealth and CFD Revenues Surge

British fintech giant Revolut is seeking a $65 billion valuation in a new funding round led by Greenoaks and Mubadala, as it reports a leap in profitability and a customer base above 52 million. Revenues from its wealth division, driven in part by crypto trading, have tripled, and the firm is looking to expand its contracts-for-difference offering to more markets. Observers are watching to see whether this fresh valuation push will drive faster product expansion.

Source: Finance Magnates


Ripple Chooses BNY Mellon to Safeguard RLUSD Stablecoin Reserves

Bank of New York Mellon will serve as the primary custodian for the U.S. dollar reserves backing Ripple’s RLUSD stablecoin, as circulation tops $500 million. The move brings traditional finance heavyweight credibility to the crypto space and supports Ripple's push for broader regulatory acceptance. Major corporations are increasingly exploring use cases for stablecoins as payment vehicles.

Source: FinanceFeeds


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Business — July 10, 2025 | Briefing24