🤖 Meta Deleted 10 Million Fake Facebook profiles

🌞Good morning. It's Tuesday, Jul. 15, and we're covering, Tesla Finally Enters India, But At A Jaw-Dropping $70K Starting Price, Cognition Acquires Windsurf Days After Google Poached Its Founders, Trump Threatens 100% Tariffs On Buyers Of Russian Exports, 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 $3.68 Trillion, a 3.33% decrease in the last 24 hours.

• The total crypto market volume over the last 24 hours is $257.05B, which makes a 31.23% increase.

• The total volume in Defi is currently $103.36B, 40.21% of the total crypto market 24-hours.

• The volume of all stablecoins is now $249.82B, which is 97.19% of the total market 24-hour volume.

• Bitcoin’s dominance is currently 63.37%, a decrease of 0.56% over the day.

Vanguard Becomes Top Backer Of Bitcoin Proxy, Despite Dismissing Crypto

Despite calling Bitcoin “speculative” and saying it “doesn’t belong in a long-term portfolio,” $10 trillion fund giant Vanguard has become the largest institutional shareholder of Strategy — the company formerly known as MicroStrategy, which has gone all-in on Bitcoin. Vanguard now owns over 20 million shares (~8% of Strategy’s stock), spread across dozens of index funds and ETFs. That exposure is worth $9.3 billion, driven by Strategy’s 850% surge in two years — well ahead of Bitcoin’s 300% gain. (Read Deeper)

BUSINESS & FINANCE

Tesla Finally Enters India, But At A Jaw-Dropping $70K Starting Price

Tesla is officially in India, but not without sticker shock. The EV giant launched its first showroom in Mumbai and began taking orders for the Model Y, priced at a staggering ₹6 million (~$70,000) — nearly double the U.S. price. Despite years of lobbying, Tesla has yet to secure lower duties or a local plant. But CEO Elon Musk is betting that India's 4% EV market share is ready to grow — and Tesla wants in at the premium end.

Why It Matters: Sky-high import tariffs exceeding 100%. Instead of building locally, Tesla is importing China-made vehicles, a bold move that sidelines the domestic EV market and pits Tesla directly against luxury players like Mercedes and BMW. (Read Deeper)

Nvidia Reboots China Strategy with New AI Chip And Green Light On H20 Sales

Nvidia is back in the China game. After months of regulatory limbo and billions in lost sales, the chip giant has confirmed it will resume shipments of its powerful H20 AI chips to China — with U.S. approval pending but expected soon. To hedge against future export risks, Nvidia also unveiled a new China-specific chip, the RTX Pro GPU, designed to fully comply with Washington’s strict trade restrictions. The announcement comes as CEO Jensen Huang heads to Beijing for a high-profile supply chain expo, reinforcing Nvidia’s commitment to remain a player in the world’s second-largest AI market.

Takeaway: Nvidia had to write off $5.5B in unsellable inventory and walk away from another $15B in potential revenue after the April ban. The U.S. appears to be softening its stance, licensing is now in motion, and Nvidia is taking no chances with the new RTX Pro GPU built for compliance. With both high-end chips (H20) and a made-for-China alternative (RTX Pro), Nvidia is positioning itself to dominate both premium and constrained markets. (Read Deeper)

TECHNOLOGY & SCIENCE

Cognition Acquires Windsurf Days After Google Poached Its Founders

Cognition, the AI startup behind the autonomous coding agent Devin, has acquired AI IDE maker Windsurf, just days after Google hired away its CEO and research team in a $2.4B reverse-acquihire. The rest of Windsurf’s 250-person team — left out of the Google deal — will now join Cognition, bringing with them a fast-growing enterprise IDE business with $82M in ARR. Unlike Google’s limited payout, Cognition says all Windsurf employees will benefit financially, and vesting cliffs have been waived.

Why It Matters: After OpenAI’s $3B acquisition offer expired and Google cherry-picked the top brass, Windsurf was in limbo — until Cognition stepped in fast. The deal gives Cognition a robust AI IDE to complement Devin, its autonomous AI coding agent — offering both tooling and automation in one stack. $82M ARR, 350+ enterprise customers, and “hundreds of thousands” of daily active users. Enterprise ARR doubled quarter-over-quarter. (Read Deeper)

Meta Deletes 10M Fake Facebook Profiles To Fight AI Spam Surge

Meta has axed 10 million fake Facebook profiles impersonating major content creators as part of a sweeping crackdown on spammy and AI-generated content. The company also took action against 500,000 more accounts for inauthentic behavior — cutting their reach and ability to monetize. Alongside enforcement, Meta is also boosting visibility for original content on Facebook and deploying new tech that can detect and demote duplicate videos. The goal: a cleaner, more trustworthy feed.

Why It Matters: AI spam is flooding the internet, with fake accounts and low-quality, autogenerated posts making it harder for real creators to break through. Meta is betting big that better quality control will restore user trust — and keep advertisers spending. Copy-paste content is being punished, as major platforms shift to prioritize originality and transparency. (Read Deeper)

AROUND DE WORLD & POLITICS

Trump Threatens 100% Tariffs On Buyers Of Russian Exports

President Donald Trump has issued his most aggressive threat yet to end the war in Ukraine: 100% “secondary tariffs” on nations buying Russian exports unless President Putin agrees to a peace deal within 50 days. The warning came during a White House meeting with NATO Secretary General Mark Rutte. Trump also announced new U.S. military shipments to Ukraine — paid for by Europe — signaling a dramatic shift in his approach to the conflict.

Why It Matters: Trump, long criticized for being soft on Putin, is now publicly pressuring the Russian leader with economic threats. Countries like China, India, Brazil, and Turkiye, which still import Russian oil and gas, could face massive trade penalties. Trump’s 50-day ultimatum gives Putin until early September to make a deal — or risk massive economic isolation. (Read Deeper)

India Orders Urgent Inspections Of Boeing Fuel Switches After Deadly Crash

India’s aviation regulator has ordered all airlines to inspect fuel control switches on Boeing aircraft by July 21, following revelations from a preliminary report into the Air India Flight 171 crash, which killed 260 people in June. The report found that fuel switches may have been accidentally moved to “cut-off” during takeoff, cutting engine thrust. The aircraft involved, a Boeing 787 Dreamliner, crashed shortly after departing Mumbai for London. Although the U.S. FAA insists the switches are safe, the 2018 FAA advisory cited in the report urged inspections of fuel switch locking mechanisms — guidance Air India had not followed, since it wasn’t mandatory.

Why It Matters: 260 deaths make it one of the worst aviation disasters in a decade. Fuel switches that weren’t locked properly are now under global scrutiny. Air India skipped 2018 advisory because it wasn’t a requirement. Other countries may now follow India in ordering inspections of Boeing planes. (Read Deeper)

ENTERTAINMENT & SPORTS

Colwill Eyes Premier League Or Champions League

After Chelsea’s stunning 3-0 win over PSG to lift the FIFA Club World Cup, Levi Colwill isn’t holding back. The 22-year-old defender says the Blues can now challenge for either the Premier League or Champions League next season. It’s a bold claim from a young squad under Enzo Maresca that finished 4th in the Premier League last season and won the UEFA Conference League — but Colwill believes Chelsea are rediscovering their identity. (Read Deeper)

Stevie Wonder Shuts Down Rumors About His Blindness

Stevie Wonder has finally addressed the persistent conspiracy theory that he’s not really blind — and he did it with the same grace and wisdom that’s defined his career. Speaking during a recent concert in Cardiff, Wales, the 75-year-old music legend told fans: "Shortly after my birth, I became blind. That was a blessing — it allowed me to see people for who they are, not what they look like." The Rock & Roll Hall of Famer reflected on his early diagnosis, his mother’s emotional struggle, and how he always believed something greater was in store. (Read Deeper)

PODCAST(WHAT WE ARE LISTENING TO)

• Tokenized stocks have long been a crypto dream, but are they real yet?. (Listen)

EXTRA BREVITI

• Zuckerberg Unveils Meta’s Massive 5GW AI Data Center Project, Hyperion. (Read More)

• TSMC Set for Record Profit Surge, But Trump Tariffs, Currency Woes Loom. (Read More)

• Musk’s Grok Lands $200M Pentagon Deal Amid AI Backlash. (Read More)