📈 Oil tumbles, crypto surges

Risk on assets get poised to take off, Robinhood memecoins continue to explode, and "Fake World Assets" draws attention on ETH mainnet.

Today’s newsletter is brought to you by Choose Rich Live!

Our very own Nick O’Neill is has launched a new stream covering crypto, finance, AI, tech, and the stories shaping the internet economy.

If you already follow Nick, you know what to expect: sharp takes, market chaos, founder brain, and the occasional banger you’ll see clipped on the timeline five minutes later.

Episodes will be streaming live on YouTube, so make sure you’re subscribed to catch the next one as it happens.

Top Stories

BTC $65,055 (1.3%) | ETH $1,957 (4.4%) | SOL $77 (2.0%)

  • Equity futures surge as US and Iran halt strikes — Brent crude falls 7%

  • Nvidia is in talks to guarantee $250B in financing for OpenAI's 10GW Ohio data center — Also discusses $350B more so OpenAI can buy its chips for the site

  • Storj Labs files for Chapter 11 bankruptcy after raising $35M

  • BitMart's $BMX collapses over 60% as the exchange shuts down all operations, the second crypto exchange to close in under a week

  • Zcash to activate Ironwood Upgrade tomorrow

  • Ethereum ETFs record $104M in weekly inflows, topping BTC ETFs and extending their 3 week inflow streak

  • Robinhood chain does 3.2X Base's 24H app revenue — PONS Robinhood token launchpad captures ~69% of daily token deployments and hits new ATH

  • Fake World Assets preps external buys and fee buybacks after its 15-day emission period as FWA hits local high of $38M — Jack Butcher drops "Wrappers" on the platform

  • Phantom ends support for Monad on August 12th

  • Anthropic launches Claude Opus 5 and says it nears Fable 5-level intelligence at half the price

  • X removes 42,000 accounts automating AI-driven replies

  • Elon Musk says "money won't matter" in 2036 because of AI and robots