🛍️Google Doppl: AI-based E-commerce

☀️Good morning. It's Friday, Jun. 27, and we're covering, Xiaomi’s YU7 SUV Hits 289,000 Orders In An Hour, Mounting Pressure On Tesla, Google Launches ‘Doppl,’ An AI-Powered Virtual Try-On App, Trump Announces China Trade Deal As Global Tariff Pressure Mounts, 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 $3.28 Trillion, a 0.76% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $98.94B, which makes a 11.51% decrease.

• The total volume in Defi is currently $32.39B, 32.74% of the total crypto market 24-hours.

• The volume of all stablecoins is now $94.69B, which is 95.71% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 65.05%, an increase of 0.24% over the day.

XRP, Solana Lead Pullback As Bitcoin Stalls Near $107K

Crypto markets cooled Friday, with XRP (-4%) and Solana (-3%) leading profit-taking after a strong week. Bitcoin hovered just below $107,500, as macro tailwinds — from falling inflation to geopolitical easing, kept investor sentiment buoyant. Market leaders like ETH, ADA, DOGE, and BNB posted mild declines under 2%, reflecting healthy consolidation amid broader optimism. Even as short-term traders cash in, the long-term outlook looks increasingly bullish, especially with global regulatory frameworks firming up and institutional capital continuing to flow in. (Read Deeper)

BUSINESS & FINANCE

Xiaomi’s YU7 SUV Hits 289,000 Orders In An Hour, Mounting Pressure On Tesla

Chinese tech giant Xiaomi is shaking up the EV market again — this time with the launch of its YU7 electric SUV, which racked up 289,000 orders in the first hour of sales. That’s nearly 3x the debut demand for its first car, the SU7 sedan, and it undercuts Tesla’s Model Y in price by ~4%, while offering better specs, according to analysts. Tesla’s shrinking market share in China — now just 7.6% (down from 15% in 2020) — may force the U.S. automaker to cut prices, offer FSD for free, or ramp up financing deals to stay competitive.

Why It Matters: Xiaomi’s runaway success in the EV space is no longer a side hustle. With soaring investor confidence (shares are up 3x in 2025), Xiaomi could be shaping up as Tesla’s most direct Chinese rival, especially as demand for mid-range EVs spikes. The YU7 may even unseat the Model Y, China’s best-selling SUV. (Read Deeper)

Elon Musk Confidant Omead Afshar Exits Tesla

Tesla just lost another heavyweight. Omead Afshar, Elon Musk’s longtime right-hand man and Tesla’s VP overseeing sales and manufacturing in North America and Europe — has officially left the company. Afshar had been part of Musk’s inner circle since the chaotic "Model 3 hell" days, even leading the construction of Tesla’s Austin Gigafactory. His quiet exit, confirmed by multiple internal sources, adds to a growing list of high-level departures this year — including the heads of Tesla’s Optimus robot program and North American HR.

Takeaways: Tesla is under pressure from surging Chinese rivals like Xiaomi, its EV sales are slipping, and Musk is rapidly reorienting the company toward AI, robotics, and driverless tech. Internally, Afshar’s responsibilities have reportedly shifted to Tom Zhu, now taking on an even larger leadership role. (Read Deeper)

TECHNOLOGY & SCIENCE

Google Launches ‘Doppl,’ An AI-Powered Virtual Try-On App

Google has introduced Doppl, an experimental mobile app that lets users see how outfits might look on their own body using generative AI. The app, now available on iOS and Android in the U.S., allows users to upload a full-body photo, choose outfits from screenshots or pictures, and preview them on a digital version of themselves — even generating videos to simulate real-life movement.

Why It Matters: Doppl represents Google’s next step in personalized shopping and fashion tech, blending AI with self-expression. While earlier virtual try-on tools let users see clothes on a range of models, Doppl creates a version of you in the outfit. It also provides a trove of consumer data that could influence the future of AI-based e-commerce. (Read Deeper)

SpaceX Crane Collapse Under OSHA Investigation Amid Safety Concerns

A crane collapse at SpaceX's Starbase facility in Texas is now under investigation by OSHA, the federal agency responsible for workplace safety. The accident, captured live on a YouTube stream and shared widely on social media, raises fresh concerns about safety practices at Elon Musk’s rocket company — which has faced a history of OSHA violations and reduced oversight due to federal cutbacks pushed by Musk-linked policies.

Takeaways: The crane collapsed at SpaceX’s Starbase site in Texas on Tuesday; no injuries confirmed yet. OSHA is investigating, but its spokesperson said more details will come only after completion. The accident was livestreamed by Lab Padre, and spread on X (formerly Twitter). SpaceX has a history of workplace injuries above industry averages — including a 2014 fatality. (Read Deeper)

AROUND DE WORLD & POLITICS

Trump Announces China Trade Deal As Global Tariff Pressure Mounts

President Donald Trump has announced the formal signing of a trade agreement with China, ending months of negotiations and bringing new stability to U.S.-China trade relations. The deal builds on an informal understanding reached in Geneva and is part of a broader effort by the White House to renegotiate global trade. White House adviser Stephen Miran says the U.S. will extend its tariff pause for countries “negotiating in good faith,” signaling some flexibility ahead of the looming July 9 deadline.

Why It Matters: This deal with China could ease tensions in a volatile global trade environment—but uncertainty remains, with allies like Canada, Japan, and the EU still negotiating under the threat of tariffs. The outcome of these talks could shape global supply chains and inflation into 2026. (Read Deeper)

Khamenei Warns U.S. Of Future Strikes In First Address Since Ceasefire

Supreme Leader Ayatollah Ali Khamenei declared Iran would strike American military bases in the Middle East if attacked again. Speaking from an undisclosed location, Khamenei said Iran’s missile strike on a major U.S. base in Qatar marked a “slap in the face” to Washington, and warned such actions could be repeated. Khamenei’s comments also challenge Trump’s narrative of “total victory,” suggesting Tehran still retains operational capabilities and strategic reach.

Why It Matters: Khamenei claims Iran can and will retaliate against U.S. regional bases if provoked. Iran’s Supreme Leader says the U.S. only joined the war to “save Israel” from collapse.He denies any damage of strategic significance to Iran’s nuclear infrastructure. Trump maintains that the U.S. “obliterated” Iran’s enrichment program — a claim now disputed by intelligence sources. (Read Deeper)

ENTERTAINMENT & SPORTS

Cristiano Ronaldo Signs New Al-Nassr Deal, Will Play Beyond Age 42

Cristiano Ronaldo has extended his contract with Saudi club Al-Nassr until 2027, quashing speculation about a possible exit. The 40-year-old Portugal captain, who joined the club in 2022, is now set to play past his 42nd birthday. Despite Al-Nassr’s lack of silverware during his tenure, Ronaldo has delivered remarkable performances, netting 99 goals in 111 appearances and topping the Saudi Pro League scoring charts for two seasons in a row. The extension boosts his chances of reaching the elusive 1,000-goal career mark — he currently sits at 938. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Business as a sport, Surge AI, and Waymo vs. Robotaxi: Tesla and Waymo are racing to define the future of self-driving ride-hailing—but they approach it very differently. (Listen)

EXTRA BREVITI

• Treasury Secretary Urges Removal of ‘Retaliatory’ Tax as GOP Budget Bill Stalls. (Read More)

• Constellation Energy announced it will restart the Three Mile Island nuclear plant in 2027. (Read More)

• Iranian authorities have launched a sweeping crackdown following the ceasefire with Israel, executing six alleged Israeli spies and arresting hundreds more on suspicion of espionage. (Read More)