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📉 AI stocks fall after calls to slow their development
Shares tied to artificial intelligence fell this Monday across several exchanges after industry executives urged moderating the pace of development. On Wall Street, Nvidia fell 3.3% and the Nasdaq closed down nearly 0.5%.
Pressure was heavier in Asia: SoftBank plunged 13%, South Korea’s Kospi index dropped 3%, and Taiwan Semiconductor Manufacturing Co. slipped 1.2%. In Europe, ASML fell 6%.
The day raises questions about how much room the sector’s valuations have if the company executives themselves are calling for a pause in the expansion of artificial intelligence and its related investments.
I compiled information on the possible effects of the approval of the Clarity Act tomorrow, September 15, and based on who has been following this process, here is what could happen in the cryptocurrency market. If tomorrow (September 15) the procedural vote on the CLARITY Act (cloture vote) is successfully approved, the large-cap crypto assets led by Ethereum (ETH) and XRP will likely experience a short-term emotional rebound, while Bitcoin (BTC) will see a smaller increase. If the vote is not approved, the short-term market will face a correction, but some analysts believe this could be an "accumulation opportunity" rather than a fundamental deterioration. In terms of sectors, real-world assets (RWA) such as ONDO and LINK, as well as the major Layer-1s, are more sensitive to positive news; whereas Bitcoin, because its commodity attribute is already relatively clear, has less upward elasticity compared to altcoins.
Tomorrow, September 15, it will be decided whether the Clarity Law will be approved or not in the US Congress.
Approval: could reduce regulatory uncertainty in the US and make it easier for more companies and institutions to operate under defined rules.
No approval: would keep the framework fragmented across agencies, litigation, and state regulations, with greater uncertainty for issuers and platforms.
In both cases, the effect on prices is not guaranteed: it will also depend on liquidity, the macroeconomy, adoption, and market conditions.
3 days ago I told them that $PONS would come with an increase due to whale movements, and those movements have continued. Will it keep going up? I think it will.
KainCripto
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Bullish
#UltimaHora se is approaching a bullish move in $PONS , whales are withdrawing the coin from exchanges to their cold wallets.
🇸🇦🇾🇪⚡ Saudi Arabia could lose up to 4% of the world’s oil supply
Saudi Arabia could run out of stocks intended for export if it does not resume in the coming days its main pipeline to the Red Sea, according to oil buyers and operators consulted by Reuters.
The disruption would mean removing up to 4% of the global oil supply. The information does not come from an official Saudi figure: it assesses what volume of exportable reserves would remain available and how long the pipeline would need to get back into operation.
Crude prices rose after the Houthis took control of the southern coast of the Red Sea, including the port city of Mokha and several nearby islands near the Bab al-Mandab strait, a strategic shipping chokepoint. Brent nearly hit $110 a barrel, WTI hovered around $104.50, Urals crude surpassed $100, and the UAE’s Murban reached more than $122.
Saudi Arabia supplies between 10% and 11% of global oil. A disruption to its exports would take about 18 million barrels per day out of the market, while producers outside the Persian Gulf would have only around 2 million barrels per day of additional capacity.
🛢📈 Brent crude rises above $102 a barrel after gaining 40%
Brent crude oil, the international benchmark for crude prices, is trading above $102 a barrel. At the beginning of July, it was trading in the lower range of $70, so the cumulative increase is around 40% in a little more than two months.
The comparison between the two levels is approximate: the source places the starting price in the “low $70s,” not an exact figure.