Bitcoin threatens $104K ‘rug pull’ as trader says major move yet to come

Key Points

• Tesla's core auto business, which drives the majority of its revenue and profit, is struggling with a projected Q2 revenue drop of 9% to $22.79 billion and a 13.5% decline in global vehicle deliveries year over year.
• Elon Musk's focus on robotaxis offers potential for future growth, with expanded testing in Austin, Texas, though Tesla lags behind competitors like Alphabet's Waymo and Uber in deployment.
• Investors are awaiting updates on a promised cheaper EV, with delays likely pushing the launch to Q4 2025, potentially disappointing Tesla bulls.
• Musk's political activities and a rocky relationship with President Trump, alongside tariffs and regional sales weaknesses, are dampening optimism for Tesla's stock, which is down 18% year to date.
• Analysts suggest weaker fundamentals and the need for capital to fund autonomous vehicle and AI initiatives could lead to a future share sale, a move unpopular with investors.

Summary

Tesla (TSLA) faces significant challenges as it approaches its Q2 2025 earnings report, with stock down 18% year to date amid a rocky relationship between CEO Elon Musk and President Trump, impacting late-2024 optimism. The core auto business, Tesla’s primary revenue source, is under pressure with expected Q2 revenue of $22.79 billion, a 9% drop, and a 13.5% decline in global deliveries. Regional weaknesses, competition, and consumer shifts to hybrids add to concerns. Meanwhile, Musk’s focus on robotaxis offers hope, with testing expanding in Austin, though Tesla trails competitors like Waymo and Uber. Investors are eager for updates on a cheaper EV, promised at around $30,000, but delays to Q4 2025 seem likely, potentially disappointing stakeholders. Additionally, tariffs on foreign cars, Musk’s political reputational hit, and the possibility of a future share sale to fund autonomous vehicle and AI initiatives further cloud Tesla’s outlook. As the S&P 500 and Nasdaq hit new highs, Tesla’s earnings call will be critical for insights into its struggling auto segment, robotaxi plans, and new vehicle timelines.

Key Points

• South Korea's Financial Supervisory Service (FSS) has informally advised local asset managers to reduce exposure to crypto ETFs and U.S.-listed digital asset companies like Coinbase (COIN) and Michael Saylor's Strategy (MSTR).
• This guidance aligns with the FSS's 2017 policy, which prohibits regulated financial institutions from holding or investing in digital asset equities.
• The move appears to contradict earlier reports suggesting South Korea might ease crypto trading restrictions, indicating a reaffirmation of stricter guidelines.
• An FSS official emphasized that current regulations must be followed despite evolving regulatory landscapes in the U.S. and South Korea.

Summary

South Korea's Financial Supervisory Service (FSS) has reportedly issued informal warnings to local asset managers, urging them to limit exposure to cryptocurrency exchange-traded funds (ETFs) and U.S.-listed digital asset firms such as Coinbase (COIN) and Michael Saylor's Strategy (MSTR). According to the Korean Herald, this directive aligns with the FSS's 2017 policy, which bans regulated financial institutions from holding or purchasing equity in digital assets. This development seems to mark a shift from earlier indications that South Korea might relax crypto trading rules, instead reinforcing a cautious stance. An FSS official noted that despite changing regulatory environments in both the U.S. and South Korea, firms must adhere to existing guidelines. The FSS was unavailable for immediate comment on the matter. This move highlights South Korea's ongoing regulatory scrutiny of cryptocurrency investments, reflecting a broader tension between innovation in digital assets and the need for financial stability and compliance within traditional financial systems.

** there, let's get to the heart of this PayPal news with some key points and a quick summary, all formatted just as you requested. Don't panic, I've got this covered!

Key Points

• PayPal has launched PayPal World, a platform designed to simplify cross-border commerce by integrating global wallet systems and payment methods.
• Key launch partners include India’s NPCI (UPI), China’s Tenpay Global (Weixin/WeChat), and Latin America’s Mercado Pago, alongside PayPal and Venmo.
• The platform aims to connect over two billion users worldwide, enabling seamless payments across borders, even for non-PayPal users.
• PayPal World will allow transactions using local payment systems, like paying with PayPal on Weixin in China or UPI in India for U.S. purchases.
• The platform is set to launch this fall, with expanded Venmo merchant support for online and offline payments planned for 2026.

Summary

PayPal has unveiled PayPal World, a groundbreaking platform aimed at revolutionizing cross-border commerce by uniting major global payment systems and digital wallets. Announced on Wednesday, the initiative partners with entities like India’s NPCI (UPI), China’s Tenpay Global (Weixin/WeChat), and Latin America’s Mercado Pago, alongside PayPal and Venmo, targeting over two billion users worldwide. The platform simplifies international transactions, allowing users to pay via local wallets, such as using PayPal on Weixin in China or UPI for U.S. purchases. PayPal’s CEO, Alex Chriss, highlighted its potential as a game-changer in addressing the complexities of global money movement. Set to launch this fall, PayPal World will enable seamless payments for non-PayPal users as well, with plans to expand Venmo’s merchant payment capabilities by 2026. This ecosystem promises to bridge massive transaction volumes, exemplified by Mercado Pago’s $58.3 billion in Q1 2025 and India’s UPI hitting $238 billion in June alone, marking a significant step toward frictionless global payments.