Nasdaq-traded company from Austin, Texas, Interactive Strength, made headlines by betting big on AI tokens. It announced setting up a crypto treasury and investing $500 million in Fetch AI token (FET). The problem is that the company is far from…

$8.2 million company with stock down 99.8% to invest $500 million in crypto, 50% down since Jan. What could possibly go wrong?

A single-word reply on X from Rep. Anna Paulina Luna (R‑FL) — “Confirmed” — 
rocketed through the crypto markets early Wednesday, convincing a growing 
chorus of traders that Federal Reserve Chair Jerome Powell’s tenure is 
measured in days, not months. Within minutes of Luna’s affirmation that 
“Jerome Powell is going to be fired. Firing is imminent,” prediction‑market 
odds of his ouster on Polymarket leapt to 26 percent, the highest reading this 
year, up from 16 percent only 24 hours earlier. A White‑House‑backed search is 
already under way. Treasury Secretary Scott Bessent, in an on‑record Bloomberg 
interview, acknowledged “a formal process that’s already starting” to identify 
Powell’s successor, adding that “there are a lot of good candidates inside and 
outside the Federal Reserve.” Related Reading: ‘Crypto Week’ Takes A Hit: US 
House Fails To Advance Key Acts President Donald Trump underscored the point 
during an impromptu press gaggle, repeating last week’s warning that “the 
renovations at the central bank were a fireable offense.” Those renovations — 
an over‑budget, $2.5 billion overhaul of the Fed’s historic Eccles Building — 
have become the legal pretext for dismissal, with Trump allies alleging 
“inefficiency” and “neglect of duty,” two of the three causes for removal 
spelled out in the Federal Reserve Act. Powell has asked the Fed’s inspector 
general to reopen its review of the project. Notably, Bill Pulte, the Federal 
Housing Finance Agency head and a longtime Powell critic, confirmed the rumors 
to his followers on X: “I heard from a very credible, bipartisan source, 
today, that Jerome Powell is considering resigning. This maps with both 
reports and also the talk in DC.” Crypto Markets Sense A Massive Bull Run The 
Bitcoin and crypto prices haven&#8217;t shown any reaction to the rumor yet. After 
piercing $123,000 on Monday, BTC is still 4.5 percent below the record high. 
The entire crypto market seems to be in a wait-and-see position. However, 
long-term, the implication could be profound for the crypto markets. “I cannot 
think of a more bullish catalyst for Bitcoin in the past five years than the 
complete and utter humiliation of Jerome Powell,” wrote macro commentator 
Julian Figueroa, pointing to what he called the “façade” of central‑bank 
independence collapsing in real time. Related Reading: Happy Ending: Crypto 
Hacker Returns Funds From $42 Million GMX Exploit Long‑time trader Byzantine 
General echoed the ambivalence: “Powell was actually a great Fed chair. But… 
if he resigns then it’s very likely that whoever comes next will lower rates, 
which is bullish for our cryptographic currencies.” Should President Trump 
succeed in replacing Powell with a more accommodating successor—one prepared 
to deliver the “three‑percentage‑point” rate cut he has publicly demanded—the 
Federal Reserve would likely be forced to shelve its balance‑sheet runoff 
precisely as Washington ramps up fresh fiscal stimulus. That synchronous pivot 
away from quantitative tightening would flip the liquidity regime from drain 
to deluge, recreating the macro backdrop that powered the crypto market&#8217;s 
2020‑21 vertical ascent and positioning it for the next major bull run. At 
press time, the total crypto market cap stood at $3.68 trillion. Featured 
image created with DALL.E, chart from TradingView.com

Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Welcome to Latam Insights Encore, a deep dive into Latin America’s most 
relevant economic and crypto news from the past week. This edition explores 
how the U.S. Senate is weaponizing bitcoin against El Salvador in a 
politicized attempt to sanction Bukele&#8217;s administration on alleged human 
rights violations. Latam Insights Encore: U.S. Senate Weaponizes Bitcoin 
Against […]

Latam Insights Encore: US Senate’s Weaponization of Bitcoin Ownership Should Raise Concerns

Billionaire Peter Thiel has bought a 9.1% stake in the crypto mining service 
company BitMine, which sent the company’s stock soaring in after-hour trading.

BitMine surges after-hours as Peter Thiel discloses 9% stake

Bitcoin has retraced slightly after hitting a new all-time high near $123,000 
as miners appear to be locking in profits. Bitcoin (BTC) has dropped roughly 
5% from its most recent peak and is trading at about $117,538 as of press…

Bitcoin faces possible short-term pullback as miners take profit, but long-term uptrend still intact

The native token of Solana-based meme coin platform Pump.fun surged nearly 20% 
on July 16, briefly reaching a new all-time high following the launch of a 
large-scale buyback campaign. After reaching a high of $0.00681, PUMP is 
trading at about…