📱Apple Unveils iOS 26 Public Preview

☀️Good morning. It's Friday, Jul. 25, and we're covering, Trump Denies Targeting Elon Musk’s Companies Amid Feud Over Tax Law, Apple Unveils iOS 26 Public Preview, Biggest iPhone Redesign Since 2013, Thailand And Cambodia Exchange Heavy Artillery As Border Conflict Escalates, and much more. First time reading? Sign up to get this newsletter: Sign up here.

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MARKETS

Cryptocurrency Prices by Market Cap

• The global cryptocurrency market cap today is $3.78 Trillion, a 1.00% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $217.03B, which makes a 0.93% decrease.

• The total volume in Defi is currently $48.04B, 22.13% of the total crypto market 24-hours.

• The volume of all stablecoins is now $206.27B, which is 95.04% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 60.78%, a decrease of 0.75% over the day.

Bitcoin Whale Moves $468M After 14 Years Of Silence

A dormant Bitcoin wallet from 2011 just came back to life, transferring 3,962 BTC worth $468 million. The wallet had been untouched for over 14 years, with its stash originally worth just $1,453 when Bitcoin traded at $0.37. It’s the latest in a string of mysterious whale awakenings, including a $1.26 billion transfer on July 23 and over 80,000 BTC moved this month alone. Blockchain data shows the coins were sent to a new address, sparking speculation of an imminent sale. (Read Deeper)

BUSINESS & FINANCE

Trump Denies Targeting Elon Musk’s Companies Amid Feud Over Tax Law

Donald Trump denied claims that he’s trying to destroy Elon Musk’s businesses by removing federal subsidies, stating instead that he wants Musk and all U.S. companies to thrive. The denial follows sharp drops in Tesla stock and growing tensions over Trump’s tax reforms, which Musk says have hurt Tesla and its energy division by ending key subsidies and raising tariffs. Tesla reported a major revenue drop this week, with Musk warning of “rough quarters ahead” due to the policy changes. Musk also rebuked Trump’s claims, saying many of the so-called subsidies never existed in the first place and that fossil fuel interests have remained untouched.

Why It Matters: The breakdown in the Trump-Musk relationship could impact billions in government contracts, including with SpaceX. Trump's rollback of clean energy subsidies and tariffs is already hitting Tesla’s bottom line. The clash underscores how political power plays are increasingly colliding with private tech empires. (Read Deeper)

Intel Slashes Jobs As New CEO Ends “Blank Check” Strategy

Intel is cutting 22% of its workforce by year-end as new CEO Lip-Bu Tan tries to reverse years of underperformance. Tan says Intel will no longer fund factories or R&D without clear demand, signaling a sharp turn from the company’s previous spend-heavy strategy. Shares fell 4.5% after forecasting deeper Q3 losses than expected.

Why It Matters: Intel, once the crown jewel of U.S. chipmaking, has fallen far behind in the AI race, dominated by Nvidia and AMD. Tan’s no-nonsense strategy marks a reset for the company’s future — but it’s a painful one. With over 20,000 jobs on the chopping block and construction plans in Europe paused, Intel is betting big on a leaner, demand-driven approach to claw back relevance in an increasingly unforgiving semiconductor industry. (Read Deeper)

TECHNOLOGY & SCIENCE

Apple Unveils iOS 26 Public Preview, Biggest iPhone Redesign Since 2013

Apple has released the public beta of iOS 26, offering users a sneak peek at the most significant iPhone interface redesign in over a decade. The new “Liquid Glass” UI transforms buttons and menus into sleek, translucent animations that mimic the flow of glass. Early adopters can enroll via Apple’s website to try out the update, which also revamps the Phone app, adds AI-powered features like real-time translation in iMessage and FaceTime, and introduces visual search using screenshots.

Why It Matters: iOS 26 marks the biggest visual overhaul of the iPhone since iOS 7 in 2013. Apple is leaning further into generative AI, bringing smarter features without waiting for Siri to catch up. The public beta lets Apple fine-tune user experience based on early feedback before the fall release. (Read Deeper)

Demand For Nvidia AI Chip Repairs Booms In China, Despite U.S. Ban

China’s underground market for Nvidia’s banned AI chips is thriving. Despite strict U.S. export controls, demand is soaring for repairs of Nvidia’s high-end GPUs like the H100 and A100 — with some Chinese shops fixing up to 500 units a month. These chips, often smuggled into the country, are critical for training large AI models, and their failure rates are rising after years of nonstop use. Shenzhen-based repair firms now simulate full data center environments to test and fix these chips, charging thousands per repair.

Why It Matters: The growing repair market shows just how vital Nvidia chips are to China’s AI ambitions and how restrictions may be creating black-market opportunities rather than curbing access. While Nvidia’s newer, China-compliant H20 chips are available, they’re pricier and less powerful. (Read Deeper)

AROUND DE WORLD & POLITICS

Thailand And Cambodia Exchange Heavy Artillery As Border Conflict Escalates

Thailand and Cambodia traded intense artillery and rocket fire for a second straight day, marking the region’s worst military clashes in over a decade. Fighting erupted along a disputed stretch of the border, with both sides accusing each other of starting the conflict. Thai officials reported Cambodia’s use of heavy weapons, including Russian-made BM-21 rocket systems. In response, Thailand deployed F-16 fighter jets — a rare and forceful move that highlights its military edge. So far, 16 people have been killed, most of them civilians — and over 100,000 have been evacuated on the Thai side.

Takeaways: The dispute risks destabilizing a fragile region with a history of unresolved border tensions. Thailand’s combat deployment of F-16s raises the stakes significantly and could invite broader regional involvement. ASEAN and the U.S. are now pressing for de-escalation — but the rapid escalation may outpace diplomacy. (Read Deeper)

Trump Clashes With Fed Chair Powell Over $2.5B Renovation, Presses For Rate Cuts

In an unusual hard-hat visit to the Federal Reserve, Donald Trump sparred with Fed Chair Jerome Powell over the ballooning cost of a $2.5 billion renovation and once again pushed for lower interest rates. The two publicly disagreed over figures, with Trump claiming the true cost was $3.1 billion, a number Powell disputed. The visit is part of a broader Trump-led GOP campaign to pressure the Fed amid rising political heat ahead of next week’s interest rate decision.

Why It Matters: This highly visible confrontation underscores growing tension between political forces and central bank independence. Trump’s repeated attacks on Powell — alongside GOP calls for investigations and legislative changes — could reshape how the Fed operates, especially if Trump returns to office. (Read Deeper)

ENTERTAINMENT & SPORTS

Hulk Hogan And The Complicated Legacy He Left Behind

Hulk Hogan, the pro wrestling icon who helped catapult WWE into global fame, has died at 71. But for many, especially Black fans, mourning isn't easy. In 2015, a leaked tape revealed Hogan using racist slurs and expressing disgust over his daughter dating a Black man. The fallout was swift: WWE cut ties, and Hogan’s image as a wholesome American hero was forever fractured. Though he later apologized, many saw it as hollow and deflective. (Read Deeper)

Isak Wants To Leave Newcastle, Top Clubs On Alert As Striker Skips Asia Tour

Alexander Isak is exploring a move away from Newcastle United this summer, despite manager Eddie Howe insisting he's "happy" and part of the club's plans. Officially, Isak missed Newcastle’s pre-season tour of Asia with a “minor thigh injury,” but insiders say the Swedish striker is considering his next step — with Liverpool and other European giants circling. Isak scored 27 goals last season and has three years left on his contract, but Newcastle’s £130m valuation makes a deal tough. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Maggiulli stresses that increasing income is the most effective lever for building wealth, far more impactful than aggressive frugality. (Listen)

EXTRA BREVITI

• Elon Musk’s Starlink Suffers Rare Global Outage, Knocking Tens of Thousands Offline. (Read More)

• France to Recognize Palestinian State at UN, Becoming First G7 Nation to Do So (Read More)

• X Is Testing Community Notes to Surface Posts Everyone Likes. (Read More)

• Tesla Sold 75% of Its Bitcoin at the Worst Time, Missing Out on Billions. (Read More)

• Coldplay Concert Clip Sparks Resignation of Tech Execs. (Read More)

• Elon Musk says Vine is making a comeback, powered by AI. (Read More)