WHAT’S INSIDE:

Feature: Trump Pushes Crypto Law As He Banks $1.4B

Top Tech News: Iran naval blockade spikes oil 9%; AI economy warnings; EU kids social limit

Company Watch: TSMC +68% revenue; Helsing $1.8B defense; Intel €5B hub; Paramount exit risk

Buzzy Tools: Claude Fable 5; Even Realities smart glasses; OpenWiki memory; Melius AI canvas

Buzzy Tech: SpaceX Starship cleared; Apple Neural Engine origin; BrainCo BCI; drug discovery

Crypto: Clarity Act push; UAE $2B deal perks; MSTR $3B reserve; Robinhood Arbitrum L2 volume

IN PARTNERSHIP WITH DEEL

HR and IT need to work as one. Here's how

Every missed onboarding step, delayed offboard, or broken provisioning handoff has a root cause: HR and IT aren't aligned. This guide gives both teams a shared framework for the full employee lifecycle.

Top Technology News

Blockade Returns — Trump announced the US is reinstating naval blockade following recent strikes. Oil Spikes 9% to one-month high on Strait of Hormuz supply disruption concerns alongside Russian supply issues.

AI Economy Warning — 200+ researchers, economists urge governments prepare for AI's economic impact stressing urgent need to address societal, economic effects.

Workers Back AI Fund — US workers support an AI sovereign wealth fund to safeguard jobs, promote corporate accountability per survey data amid rising layoffs.

NYC Subscription Ban — New York rules against deceptive subscriptions, junk fees mandate clear cancellation, full charge disclosure. Could save $162.5M p/a.

EU Kids Social Cap — The EU plans regulations limiting social media for under-13s with supervised short usage periods increasing with age for online child protection.

Meta Pulls AI Tool — Meta pulled its Instagram AI image editing tool after user backlash over content authenticity, misinformation, moderation concerns.

Trump Pushes Crypto Law As He Banks $1.4B + Gulf States Buy In

The Tech Buzz Editorial

The Clarity Act races toward a Senate vote with no ethics rules, while a UAE fund tied to a $2B Trump-linked stablecoin deal wins export favors. With Hormuz closed, the Gulf needs this play more than ever.

President Trump wants the Senate to pass the Clarity Act, the biggest crypto law in American history, before the August 7 recess. He framed the vote as a race against Beijing: "Don't let China win on either subject!!!" Just last week, his financial disclosures showed the family earned more than $1.4B from crypto last year and moved most of it into stocks and bonds. Retail investors in Trump-backed tokens have lost $2.3B. Hold those two facts side by side. They explain everything else happening in Washington, (and possibly Iran) right now.

Three Weeks, Sixty Votes, Zero Ethics Rules

The Clarity Act would split crypto oversight between the SEC and the friendlier CFTC, finally defining when a token counts as a security. Lawmakers merged the Banking and Agriculture committee versions, added 70+ pages of consumer protections, and are targeting floor action the week of July 20. They need 60 votes.

The fight is over what the bill leaves out. According to a source cited by The Block, the current text contains no ethics provision, nothing stopping presidents, officials or their families from profiting off the industry they regulate. Senator Elizabeth Warren told Senate leaders the bill has "significant flaws" and that anything less than a profit ban "would be a flagrant giveaway to the President and his family at the expense of the public." Democratic votes hinge on this. So does the bill.

Sell The Dream, Buy The Bonds

Here is why Warren is loud about it. Reuters analysis of Trump's disclosures shows his stock and bond portfolio quadrupled as crypto money flooded in, reaching between $703M and $2.6B by end of 2025. While Eric Trump toured conferences calling bitcoin "the greatest asset" of modern times and predicting $1M a coin, the family's money managers were rotating crypto profits into the safest assets on earth. Former CFTC chair Timothy Massad read the filings plainly: make a quick buck from crypto, then park it in stocks and bonds.

The family has not exited. Trump still holds 15.75B World Liberty tokens worth over $50M, and Trump entities held at least $160M in bitcoin and ether at year end. But the pattern is the tell. Watch where promoters put their own money.

The $50B Abu Dhabi Crypto + AI Fast Lane

Meanwhile, the Commerce Department just announced it will prioritize export applications involving MGX, the Abu Dhabi fund that weeks earlier pushed $2B into Binance using a stablecoin with documented ties to Trump family business interests. Export controls govern America's most sensitive technology, advanced chips and AI systems. A former Commerce official reportedly claimed he had never seen blanket favorable treatment granted to a single foreign entity, adding that export controls "are supposed to be about national security, not about which companies have the right political connections."

MGX matters because of scale. Just two weeks ago it closed a massive $49B AI fund, one of the largest venture pools ever raised, with stakes in OpenAI, Anthropic and xAI. Those bets need US chips. The export perks ease the path. The stablecoin sits at the junction. One transaction, three payoffs.

Why The Gulf Needs This Now

The Iran war is adding pressure behind all of it for the Gulf and the US. With the Strait of Hormuz closed again, the UAE's petro-dollar and tech fuelled economy is bleeding. Crypto firms and expats who made Dubai and Abu Dhabi their post-2021 home are relocating, and the Emirates' bid to be the world's digital asset hub suddenly looks fragile. A rival security bloc built around Iran, Pakistan, Yemen, Russia and Qatar is courting Gulf states away from the old US order. Washington needs Abu Dhabi and Riyadh anchored. Abu Dhabi needs its AI and crypto play to survive the war. Export favors and a friendly crypto law are the price of the alliance, paid in policy.

UK Goes All-In On Tokenization

Also yesterday, the UK stood up a 54-firm tokenization taskforce, and the roster is the story. BlackRock, JPMorgan, Goldman Sachs, Morgan Stanley, Coinbase and Kraken all signed on to build live tokenized repo markets in London within 12 months, chasing a projected $88T global tokenized asset market. The biggest names in US finance are now placing infrastructure bets in every jurisdiction that offers clear rules and state coordination, and London just offered both in one package. Tokenized markets will settle wherever the framework is ready first. These firms are building the same rails at home too, but the Clarity Act will help decide whether the US is on that list or watching from the sidelines.

What This Means For Positioning

A Clarity Act pass would end years of regulatory fog, a genuine win for compliant US exchanges, custody businesses and tokenization plays, and the July 20 floor vote is the date to watch. But price the asterisk. A bill passed without ethics guardrails is a bill built on a fault line: Warren has promised hearings, Democrats are floating a special counsel, and every MGX export approval will be litigated in public. Anything touching the administration's crypto orbit now carries a political risk premium that diligence has to quantify. Even if Trump can push the bill through, if the Democrats can gain control of the House and/or Senate in the mid-terms, the crypto sector could be looking at another round of extended uncertainty… or “un-clarity”.

Companies To Watch

Latest deals and trending companies

Open Deal

Wonder — The NY startup owning Grubhub/Blue Apron is pursuing new funding targeting $9B valuation with CEO Marc Lore potentially investing $200M. It aims to specialize in food-hall takeout.

Blue Origin $130B — Bezos space company seeks its $10B in first external funding round led by Coatue at valuation signaling significant growth potential.

Crusoe — AI cloud firm negotiating a $3B raise at $30B with 4.9 GW contracted, 40 GW pipeline serving Meta, Oracle building 1.2 GW center with Blue Owl Capital.

Mercor $20B — AI training startup in talks at valuation with $2B ARR marking 100% growth in four months after acquiring Deeptune overcoming data breach.

Big Movers

TSMC +68% — Taiwan semiconductor giant revenue surged on record AI chip demand underscoring vital infrastructure role thriving despite ongoing chip shortages.

Helsing $18B — Raised $1.8B in Europe's largest defense AI investment specializing in autonomous systems, military tech with strong NATO, European defense interest.

Intel x Ireland $5.7B — Investing €5B upgrading Leixlip campus for Intel 3 silicon wafers, Xeon processors, adds jobs by eoy-2027 using 30% of 2026 capital budget.

Cadence-Synopsys — Goldman Sachs picks both as top EDA stocks due to solid positions in semiconductor talent market positioning for growth in competitive labor.

Paramount Exit Threat — California is seeking to block the Warner Bros merger proposing 30 films annually with $30B content spending, so WBD is considering leaving California.

Buzzy Tools & Tech

The Latest Trending Tools & Cutting Edge Technology Developments

Buzzy Tools

Buzzy Tools To Watch and Try Today

Fable Extended — Anthropic extends free Claude Fable 5 countering GPT-5.6 Sol

Thinking Machines — Customizable AI tools for human-centered alignment, collab

Even Realities — Privacy-first smart glasses boost workplace productivity, safe AR

OpenWiki Brains — Proactive memory AI updates wikis from Gmail, Notion, Git +

Melius — Node-based canvas with AI agent streamlines bulk asset creation, editing

Buzzy Technology

Buzzy Tech Discoveries and Breakthroughs Trending Today

Starship Cleared — FAA clears Starship with V3 deploying third-gen Starlink lasers

Apple Neural Engine — Dead Project Titan birthed on-device AI chip

Phone Sales Slump — 11% shipment drop on chip shortage hits 13-year low

BrainCo BCI — Non-invasive BCI rivals Neuralink implants for safer neurotechnology

Quantum Drug Discovery — Quantum computing, AI speed up drug discovery

Billionaire Parenting — Thiel, other tech elites limit children's screen time f

Cryptocurrency News

The Latest News in Crypto & Blockchain

Clarity Act Sprint — Trump, Senate leaders push to pass before July recess honoring late Sen. Lindsey Graham despite controversy over ethics clause restricting officials profiting from crypto.

UAE Crypto Perks — Trump admin approved UAE export incentives linked to $2B crypto deal sparking conflict-of-interest concerns amid scrutiny of Binance, MGX, stablecoin activities.

Trump Crypto — The $1.4B Trump earned from family crypto projects in 2025 was reinvested to boost stocks, bonds portfolio fourfold to $703M-$2.6B while retaining significant crypto holdings.

Strategy $3B Reserve — Sold $467M MSTR shares boosting USD reserve while holding 843,775 BTC with analysts viewing stronger balance-sheet discipline but cautioning on repeated sales.

Robinhood Chain $3.1B — Arbitrum-based L2 attracted 65K+ users, $300M stablecoins, $13M tokenized stocks generating weekly DEX volume integrating Uniswap, Morpho since July 1.

SBI Solana Japan — SBI Holdings, Solana Foundation partner on Japan on-chain financial market enhancing stablecoins, tokenized assets after launching JPYSC, acquiring Bitbank.

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