Plus: AI chatbots might be making you forget stuff

GM. We blended today’s headlines with yesterday’s regrets - now it’s your problem.

👀 Cathie Wood's ARK Invest sold nearly $100M worth of CRCL.

🍋 News drops: Binance adds crypto inheritance emergency contact, ChatGPT fries your brain + more

🍍 Market flavor today

Crypto Market Cap: $3.26T 0.31% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$104,358.42	-0.41%	-2.38%
	Ethereum ETH	$2,509.91	-0.45%	-8.62%
	XRP XRP	$2.15	0.08%	-3.85%
	BNB BNB	$640.11	-0.12%	-3.07%
	Solana SOL	$144.03	-1.35%	-9.51%

As expected, the Fed didn't cut interest rates.

Although they said things are more stable now, there’s still enough uncertainty to stay cautious, mainly because of Donald Trump’s trade policies and the risk of inflation picking back up.

Because of that, the Fed doesn’t wanna move too fast. Fed Chair Jerome Powell said they’re trying to avoid two mistakes:

👉 Cutting too early and letting inflation rise again,

👉 Or cutting too late and hurting the economy.

Right now, things look okay - unemployment is at 4.2%, and inflation over the past year is 2.4%. So for now, they’re just waiting.

That said, they’re still planning to cut rates twice before the end of the year.

Most bets are on the first cut happening in September.

A July cut is very unlikely, if you were wondering:

Donald Trump’s reaction to the news? Oh, he’s fuming. He called Powell “a real dummy” who’s costing the US billions.

And the market’s reaction? Minimal. Didn’t crash, didn’t moon.

However, Brian Quinlivan from Santiment pointed out that traders are getting more negative - the number of bullish comments is only barely higher than bearish ones.

And according to him, this is a good sign, because markets tend to move in the opposite direction of retail's expectations.

So... we'll see.

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😰 Cathie sold - should I??

Everyone (including us) keeps screaming and shouting about how successful Circle's IPO was.

Well, it's hard not to talk about it - CRCL jumped about 170% on Day 1, and people took it as a sign that Wall Street's getting more open to crypto-related companies.

Then, kachow - this headline drops:

Cathie Wood’s ARK Invest sold nearly $100M worth of Circle shares.

Wait… is this the end? Is Circle cooked? Did ARK just call the top??

*Starts running around in panic*

Hold up. Take a breath. This looks scary, but it’s not necessarily a red flag.

Here’s what’s actually happening:

Circle’s stock absolutely ripped after going public - again, +170% on the first day, and +543% as of now.

ARK probably just wanted to lock in some short-term gains while it's still hot. Completely normal.

Also, context: they bought over 4M CRCL shares. What they sold is just 14% of that. So, they aren't bailing - it’s a trim.

ARK does this kind of thing all the time. Get in early, take partial profits, stay flexible.

Now, if more big investors started selling - or if retail investors got scared - then, yes, we would have a problem. But so far, no other major Circle backers have reported selling.

Plus, Circle’s business fundamentals haven’t changed, so the company is definitely not falling apart:

• USDC is still on top with $61B in circulation, and Circle earns interest on those reserves;

• The GENIUS Act is moving forward, and if it passes, it would legitimize US-issued stablecoins.

If you’re looking for real red flags, keep an eye on these:

👉 Big volume + multiple institutions selling. One big seller could be noise. A crowd rushing for the exit? That’s a sign.

👉 How CRCL behaves as we get closer to July 19, aka options expiration day, when investor contracts on the stock will expire. That can cause extra price swings, so if CRCL holds around $150 - $160, we're good.

👉 Insider sales after December. That’s when the post-IPO lock-up period ends, and company execs are finally allowed to sell their shares. If a lot of them start selling - you’ll see that in SEC Form 4 filings - they’re probably not confident in the company’s future, and you should start paying attention.

Until then, let's not lose our minds.

🍋 News drops

🇨🇿 A former Czech minister took 468 BTC from a convicted darknet criminal, sold it, and gave 30% to the state. It triggered a no-confidence vote, but the government stayed in power.

🕗 Iranian crypto exchanges are now only allowed to run between 10 AM and 8 PM. Why? Because one of the country’s biggest exchanges got hacked.

😵 Binance dropped a feature that lets you pick an emergency contact to inherit your crypto if you… well, stop logging in forever. CZ called it an uncomfortable but important step, and said other platforms should do the same.

🚔 The US DOJ seized over $225M in crypto linked to investment scams. Turns out, more than 400 people got tricked into thinking they were investing in legit crypto projects. Spoiler: they weren’t.

🧠 MIT found that using AI chatbots too much kind of fries your brain. In their study, 83% of people who used the tool couldn’t remember parts of what they’d just written when asked to go without it.

🍌 Juicy memes