💔Diogo Jota Has Died, Aged 28

🌄 Good morning. It's Friday, Jul. 4, and we're covering, Nvidia Nearly Becomes Most Valuable Company In History Amid AI Surge, Death Of Diogo Jota Leaves Football World In Shock, Russia’s Overnight Drone Blitz On Kyiv Injures 23, Sparks Fires Across City, 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 $3.35 Trillion, a 1.00% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $110.95B, which makes a 14.56% decrease.

• The total volume in Defi is currently $33.78B, 30.45% of the total crypto market 24-hours.

• The volume of all stablecoins is now $106.15B, which is 95.67% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 64.62%, an increase of 0.39% over the day.

$2B in Bitcoin Moves After 14 Years — But No Sign Of Selling Yet

Two early bitcoin whales just moved 20,000 BTC, worth over $2 billion, after holding them dormant since 2011, when bitcoin was trading at just $0.78. The coins, now up over 140,000x, were transferred early Friday from two wallets to new addresses, according to blockchain analytics firm Lookonchain. The transfers come at a time when BTC has climbed above $109,000, and many other long-term holders have started cashing out. (Read Deeper)

BUSINESS & FINANCE

Nvidia Nearly Becomes Most Valuable Company In History Amid AI Surge

Nvidia briefly reached a market cap of $3.92 trillion on Thursday, edging past Apple’s record and putting it on track to become the most valuable company in history — if only momentarily. Shares peaked at $160.98 before settling slightly lower, valuing the company at $3.89 trillion. Nvidia’s rise now surpasses the combined stock markets of Canada and Mexico and even all public companies in the U.K. It now makes up 7% of the S&P 500, with tech giants like Nvidia, Microsoft, Apple, Amazon, and Alphabet together representing 28% of the index

Why It Matters: Nvidia's nearly $4 trillion valuation is more than just a financial milestone — it reflects the unprecedented centrality of AI in the modern economy, and how one company has become its most critical supplier. (Read Deeper)

China’s Fast-but-Cautious Drive Toward Assisted-Driving Tech

China’s carmakers are racing ahead in developing assisted-driving systems, but regulators are urging a balanced approach: innovate quickly, but don’t compromise safety. The move comes after a fatal Xiaomi SU7 crash, prompting new rules that focus on monitoring driver awareness and preventing overhyped marketing. Terms like “autonomous” and “smart” are already banned. Yet, the government is still pushing to approve the country’s first Level 3 car by 2026 — a crucial milestone that lets drivers take their eyes off the road under specific conditions.

Why It Matters: China is threading a tightrope between innovation and safety — and might outpace the West by combining state support, tech partnerships, and fast regulation. The battle for the future of driving is heating up — and China doesn’t want to lose. (Read Deeper)

TECHNOLOGY & SCIENCE

The Strange Case Of Soham Parekh, Silicon Valley’s Serial Moonlighter

Soham Parekh, a software engineer based in India, has become the center of Silicon Valley drama after multiple founders accused him of secretly working at several startups at once — for years. The saga went viral after Playground AI CEO Suhail Doshi posted a warning about Parekh on X, claiming he had been “preying on YC companies” and moonlighting at 3–4 startups simultaneously. The post exploded, triggering a wave of similar accounts from other founders.

Takeaways: In a rare interview, Parekh admitted to the behavior, claiming he worked 140 hours a week and was driven by financial strain. The incident highlights both the extremes of remote tech work culture and the lack of due diligence at fast-moving startups. In a founder-driven world that rewards hustle and ships fast, Soham Parekh may be a symptom, not an outlier. (Read Deeper)

Ilya Sutskever Takes The Helm At Safe Superintelligence

OpenAI co-founder Ilya Sutskever is stepping in as CEO of Safe Superintelligence (SSI), the AI startup he launched in 2024, following the exit of co-founder and former CEO Daniel Gross. Fellow co-founder Daniel Levy has been named president. The leadership shakeup comes after reports that Meta CEO Mark Zuckerberg was courting Gross and former GitHub CEO Nat Friedman to join Meta’s newly announced Superintelligence Labs. At one point, Meta reportedly even considered acquiring SSI, a startup recently valued at $32 billion.

Why It Matters: As the AI race intensifies, Safe Superintelligence is betting everything on a single moonshot goal: building safe, advanced AI. With Gross possibly heading to Meta and Sutskever in full control, two visions for the future of AI are now taking shape — one centralized and product-driven, the other focused solely on existential safety. (Read Deeper)

AROUND DE WORLD & POLITICS

Russia’s Overnight Drone Blitz On Kyiv Injures 23, Sparks Fires Across City

Russia launched an intense overnight drone and missile assault on Kyiv, injuring at least 23 people, including 14 hospitalized, and causing widespread damage to buildings, infrastructure, and vehicles, Ukrainian authorities said Friday. The Ukrainian Air Force reported 539 drones and 11 missiles launched across the country, with Kyiv being the primary target. The capital endured more than eight hours of air raid alerts and multiple attack waves, with damage reported in six of its 10 districts. Falling drone debris ignited a fire at a medical facility in the Holosiivskyi district.

Takeaways: As Russian airstrikes grow more aggressive, Ukraine’s defenses are under strain — especially amid wavering U.S. military support. The attacks also highlight the increasing intensity of urban warfare and the threat to civilian lives and infrastructure. (Read Deeper)

Julio César Chávez Jr. Arrested by U.S. Immigration

Mexican boxing star Julio César Chávez Jr., 39, has been arrested by U.S. Immigration and Customs Enforcement (ICE) and is facing deportation to Mexico, where he is wanted for alleged involvement in organized crime. U.S. officials claim Chávez Jr. is affiliated with the Sinaloa cartel and accused of trafficking firearms, ammunition, and explosives — charges his lawyer vehemently denies.

Why It Matters: The arrest adds a dramatic twist to an already controversial figure and raises fresh questions about the politicization of immigration enforcement under Trump’s second term — especially when high-profile Latinos are involved. (Read Deeper)

ENTERTAINMENT & SPORTS

Death Of Diogo Jota Leaves Football World In Shock

Liverpool and Portugal forward Diogo Jota has tragically died in a car crash in Spain, aged 28. His younger brother, Andre Silva, 26, also perished in the accident, which occurred early Thursday in Zamora. Spanish police say a tyre blowout caused their Lamborghini to crash and catch fire while overtaking another vehicle. Jota, who was recently married and a father of three, had been a vital figure for Liverpool since joining from Wolves in 2020, scoring 65 goals in 182 games. He was part of the squad that won the Premier League, FA Cup, and League Cup under Jürgen Klopp. (Read Deeper)

Katy Perry & Orlando Bloom Confirm Split After 6 Years Together

Pop star Katy Perry and actor Orlando Bloom have officially announced their separation, confirming long-standing rumors about their relationship. The couple, who have been linked since 2016 and share a 4-year-old daughter, Daisy Dove, say they’ve been “shifting their relationship… to focus on co-parenting.” The couple first split in 2017, reunited soon after, and got engaged on Valentine’s Day 2019. Their daughter was born in 2020. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Robinhood vs. Coinbase: The Trillion Dollar Race to Build the Financial Super App. (Listen)

EXTRA BREVITI

• Russia Becomes First Country to Recognize Taliban Government Since 2021 Takeover. (Read More)

• AI Voice Startup ElevenLabs Eyes Global Expansion and IPO in 5 Years. (Read More)

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