Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in its gaming unit and AI investments boosted growth.
The ADR is up 7% today $TCEHY Tencent Q2 FY25: Revenue +15% Y/Y to RMB185B ($25.7B). Gaming +22% Social Networks +6% Marketing Services +20% Fintech & Business +10% Weixin/WeChat: 1.4B MAU (+3% Y/Y). Capex +119% to RMB19B ($2.7B). Source: App Economy Insights @EconomyApp
Bullish $BLSH shares open trading at $90 above the $37 IPO price
Cryptocurrency exchange operator Bullish (BLSH.N), opens new tab was valued at about $13.16 billion after its shares more than doubled in their NYSE debut on Wednesday, underscoring investor confidence in the sector and lifting prospects for future U.S. listings by other digital asset firms. The parent of crypto news website CoinDesk raised $1.11 billion in its IPO, valuing the company at $5.4 billion — another sign of mainstream adoption in a market that recently topped $4 trillion. Source: Reuters
Here we go...
$BTC Source: Trend Spider
Glassnode: Open interest across major altcoins has surged to an all-time high of $47B.
This concentration of leverage elevates reflexivity, amplifying both upside and downside price reactions and increasing fragility in market structure. Source: Glassnode
Robinhood $HOOD July 2025 metrics
+160K funded accounts +$298B Assets under Custody (AUC), +106% YoY +$6.4B in net deposits, +28% YoY +$33.6B in cash sweep, +54% YoY +$209B in equities trading volumes, all time high +$196M option contracts traded, all time high +$16.8B crypto volumes, +217% YoY +$11.4B margin balances, +111% YoY Absolutely incredible execution. Source: amit @amitisinvesting $HOOD
US small-caps are breaking higher in a substantial factor rotation.
As highlighted by Andreas Steno Larsen on X, being short Russell 2000 index is a very crowded trade. A short-squeeze in the making?
🔴 China state media says Nvidia H20 chips not safe for China
▶️ Nvidia's new tab H20 chips pose security concerns for China, a social media account affiliated with China's state media said on Sunday, after Beijing raised concerns over backdoor access in those chips. The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat. ▶️ "When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded. ▶️ H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July. ▶️ China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls. Source: www.investing.com, Reuters
🔴 US President Trump says he is looking at reclassifying marijuana.
The weed stocks and AdvisorShares Pure Cannabis ETF ($YOLO) surged yesterday. ▶️ President Donald Trump said Monday his administration was “looking at reclassification” of marijuana and intends to make a decision in the upcoming weeks. ▶️ “It’s a very complicated subject base,” he said during a press briefing. “I’ve heard great things having to do with medical and bad things having to do with just about everything else.” ▶️ His comments come after a Friday Wall Street Journal report indicated Trump was considering reclassifying the drug as less dangerous. Source: Markets & Mayhem, Politico
