Leading cryptocurrencies rallied on Tuesday as lower-than-expected consumer inflation raised expectations of interest rate cuts.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.47%</td><td>$119,575.71</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+6.95%</td><td>$4,577.98</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.24%</td><td>$3.22</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+9.62%</td><td>$192.26</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+4.19%</td><td>$0.2341</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">ETH&#8217;s Market Dominance At A 9-Month High</h2>



Bitcoin consolidated in the range between $119,000 and $120,000, while trading activity declined substantially.



Ethereum, meanwhile, soared above $4,600, extending a winning streak that has sent the second-largest cryptocurrency close to all-time highs. The coin recorded an 18% jump in trading volume.



ETH's market dominance reached 13.7%, its highest in nine months. Bitcoin's market share, on the other hand, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47072859/the-shrinking-bitcoin-dominance-story-no-ones-talking-about#:~:text=Bitcoin's%20dominance%20dips%20to%2059.87,and%20recent%20SEC%2Dfriendly%20reforms.">dropped further</a> to 58.8%.



Solana also popped more than 9% in the last 24 hours, while XRP gained 2.24%.



Over $480 million was liquidated from the cryptocurrency market in the last 24 hours, with $344 million in bearish shorts wiped out.&nbsp;



Bitcoin's open interest fell 0.14% in the last 24 hours, while ETH recorded a 9.19% spike. Interestingly, about 54% of Binance futures traders with open ETH positions were betting on the asset's decline, according to the Long/Short ratio.



The "Greed" sentiment rose in the last 24 hours, according to the Crypto Fear &amp; Greed Index, suggesting increased buying pressure.



Top Gainers (24 Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Fartcoin (FARTCOIN)&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+21.22%</td><td>$1.08</td></tr><tr><td>Pump.fun (PUMP)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+11.71%</td><td>$0.003916</td></tr><tr><td>JasmyCoin (JASMY)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+11.50%</td><td> $0.01846 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization sailed past $4 trillion, following a 2.95% spike in the last 24 hours.



<h2 class="wp-block-heading">Market Sees Higher Chance Of A Rate Cut</h2>



Stocks lifted to record highs on Tuesday. The Dow Jones Industrial Average climbed 483.52 points, or 1.10%, to close at 44,458.61. The S&amp;P 500 jumped 1.13% to notch a record close at 6,445.76, while the tech-focused Nasdaq Composite spiked 1.39% to hit a new closing high at 21,681.90.&nbsp;



The rally came after July's consumer price index <a href="https://www.benzinga.com/markets/equities/25/08/47053091/stock-market-today-sp-500-nasdaq-100-futures-trade-mixed-ahead-of-july-cpi-report-ast-spacemobile-bigbear-ai-intel-in-focus">came in lower-than-expected</a>, helping calm investors' fears that President Donald Trump's tariff policies would drive up inflation.



Meanwhile, the probability of a September rate cut increased to 94.3% from 85.9% the day before, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according</a> to the CME FedWatch tool.



<h2 class="wp-block-heading">ETH On Track For $6,000?</h2>



Arthur Azizov, founder and investor at B2 Ventures, said in a note to Benzinga that Ethereum's outlook remained positive with a clear "bullish bias."



"I believe that either this year or next, we could see ETH reach $6,000," Azizov predicted. "For now, the key is to hold the $3,350 level."



The bullish bias was echoed by widely followed cryptocurrency analyst and trader Ali Martinez, who predicted ETH&#8217;s rise to $5,241 now that it has overcome the $4,300 barrier.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You know where next! <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> <a href="https://t.co/rDWMRXEknM">https://t.co/rDWMRXEknM</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1955389330446487764?ref_src=twsrc%5Etfw">August 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Shutterstock AI on Shutterstock.com



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<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/offerings/25/08/47077009/circle-stock-falls-after-10-million-share-offering">Circle Stock Falls After 10 Million Share Offering</a></li>
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Cryptocurrency

News

Markets

Movers

Trading Ideas

$BTC

$DOGE

$ETH

$SOL

$XRP

Bitcoin Gains As CPI Comes In Cooler Than Expected; Ethereum, Dogecoin, XRP Also Surge: Analyst Sees ETH Reaching $6,000

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is reportedly ramping up its battle for artificial intelligence supremacy by aggressively <a href="https://www.benzinga.com/markets/equities/25/07/46240607/microsoft-slashes-9000-jobs-while-mark-zuckerbergs-meta-poaches-20-million-worth-of-ai-talent-from-openai-investor-warns-of-jealousy-envy-and-helplessness-among-tech-workers-in-silic">targeting top AI talent</a> from Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), offering multimillion-dollar pay packages to secure key engineers and researchers amid a <a href="https://www.benzinga.com/markets/tech/25/07/46760252/meta-microsoft-and-google-are-unleashing-a-250-billion-ai-tsunami">massive industry spending spree</a>.



<h2 class="wp-block-heading">Microsoft's Aggressive AI Hiring To Secure Market Lead</h2>



According to internal documents <a href="https://www.businessinsider.com/microsoft-trying-poach-meta-ai-talent-big-pay-packages2025-8">obtained</a> by Business Insider, Microsoft has identified its most-wanted Meta AI engineers and is implementing a new, highly competitive hiring process.



This initiative aims to match Meta's lucrative compensation packages, including multimillion-dollar signing bonuses, to attract and retain elite AI talent.



The tech giant's AI divisions, including Microsoft AI, led by former Google DeepMind co-founder Mustafa Suleyman and CoreAI, overseen by ex-Meta engineering head Jay Parikh, are spearheading this recruiting effort.



A spreadsheet circulated among Microsoft hiring managers highlights targeted teams such as Reality Labs, GenAI Infrastructure and Meta AI Research, the report said.



Microsoft did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.



See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/management/25/08/47004469/ramit-sethi-lays-out-the-most-common-money-traps-and-how-to-dodge-them-before-its-too-late" target="_blank" rel="noreferrer noopener">Ramit Sethi Lays Out the Most Common Money Traps—And How To Dodge Them Before It&#8217;s Too Late</a>



<h2 class="wp-block-heading">Meta, OpenAI, Microsoft's High-Stakes Pay Battles And Talent Wars</h2>



Meta has set a high bar in this escalating competition, reportedly offering pay packages reaching as high as $250 million for some AI researchers, the report said.



Previously, OpenAI CEO Sam Altman also noted Meta's billion-dollar signing bonuses for his engineers.



Meanwhile, Microsoft's internal pay guidelines show top compensation packages with <a href="https://www.benzinga.com/markets/tech/25/07/46750344/microsoft-is-paying-up-to-2-4-million-for-top-tech-talent-leaked-docs-show-amid-ai-talent-arms-race">salaries exceeding $400,000</a> and stock awards worth millions, with even higher offers possible for exceptional talent in competitive situations.



These aggressive recruitment moves coincide with Microsoft's reported <a href="https://www.benzinga.com/markets/tech/25/07/46563068/microsoft-raids-google-deepmind-to-supercharge-ai-copilot-even-as-redmond-cuts-9000-jobs-elsewhere-report">global layoffs of 9,000 employees</a>, reflecting a shift to prioritize AI investments over other areas.



<h2 class="wp-block-heading">AI Spending Hits Record $240 Billion</h2>



The talent battle unfolds as Microsoft, Meta, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and other tech giants pour unprecedented capital into AI infrastructure.



Wedbush analyst Dan Ives called this surge a "watershed moment" for technology, with combined spending estimated at $240 billion through 2025 and 2026.



In July, Microsoft <a href="https://www.benzinga.com/markets/earnings/25/07/46738585/microsoft-q4-earnings-highlights-double-beat-ceo-says-cloud-and-ai-is-the-driving-force">posted fourth-quarter revenue</a> of $76.44 billion, marking a 17% increase from the previous year and surpassing the Street consensus estimate of $73.80 billion.



During the same month, Meta reported <a href="https://www.benzinga.com/markets/earnings/25/07/46739277/meta-beats-q2-earnings-estimates-issues-strong-guidance-shares-surge-to-new-highs">second-quarter revenue</a> of $47.52 billion, topping analyst expectations of $44.58 billion.



Microsoft currently has a market cap of $3.93 trillion, while Meta's at $1.98 trillion.



Price Action: On Tuesday, Microsoft shares rose 1.40% while Meta climbed 3.15%, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.



Benzinga's Edge Stock Rankings indicate that MSFT has maintained a downward trend across the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Further performance details are available here</a>.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/12220623/Screenshot-2025-08-13-at-7.33.50%E2%80%AFAM.png" alt="" class="wp-image-1025357"/></a></figure>



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Photo Courtesy: Tada Images on Shutterstock.com



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

MSFT

Microsoft Lures Meta's Talent Pool With Multimillion-Dollar Pay Packages As The AI War Heats Up: Report

Circle Internet Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) CEO Jeremy Allaire supported Coinbase Global Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) partnership with Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) on Tuesday, emphasizing the company&#8217;s broad-minded approach to the evolving stablecoin payment landscape.



CRCL is feeling the pressure from bearish momentum. <a href="https://www.benzinga.com/quote/CRCL">See the market dynamics here</a>.



<h2 class="wp-block-heading">A &#8216;Valuable&#8217; Step Toward Increasing Stablecoin Adoption</h2>



During the company&#8217;s second-quarter earnings call, Allaire was asked whether the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45921146/shopify-teams-up-with-coinbase-stripe-to-roll-out-usdc-stablecoin-payments-for-merchants">Coinbase-Shopify partnership</a>, which allows retailers to accept USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) payments, competes with or complements its own Circle Payments Network.



&#8220;We've got a big tent mentality here and we want to see a lot of success across many different types of companies,&#8221; he replied. &#8220;When&nbsp;a Shopify launches USDC payment&nbsp;acceptance and they're using a&nbsp;product from Coinbase to do&nbsp;that, that's great.



Alliare said the company sees USDC integration in commerce and other applications as a &#8220;valuable&#8221; step toward expanding use cases and increasing adoption of the stablecoin



See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/08/47070709/circle-usdc-hits-65-2-billion-in-mainstream-stablecoin-adoption">Circle Stock Pops On Q2 Earnings: USDC Hits $65.2 Billion In Mainstream Stablecoin Adoption</a>



<h2 class="wp-block-heading">CPN: An Important Initiative For Circle</h2>



In the same breath, Alliare underlined Circle Payments Network as a&#8221; very important initiative&#8221; for the company.



&#8220;We believe that the model we're putting forward with CPN is going to be very attractive to financial institutions and ultimately to the customers that they serve,&#8221; he added.&nbsp;



<h2 class="wp-block-heading">Why CRCL Fell After-Hours</h2>



Circle reported its <a href="https://www.benzinga.com/markets/earnings/25/08/47056422/circles-usdc-growth-expanding-partnerships-propel-stock-higher">first earnings as a public company</a> on Tuesday morning, with quarterly revenue beating analyst estimates and USDC circulation surging 90% year-over-year.



The company also announced plans to launch Arc, a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47054985/circle-announces-stablecoin-payment-blockchain-arc">new enterprise-focused Layer-1 blockchain</a> for stablecoin payments, foreign exchange and capital markets applications.



Price Action: Shares of Circle closed 1.27% higher at $163.21 during the regular trading session.



However,&nbsp;the stock plummeted 6% in after-hours trading&nbsp;after the company <a href="https://www.benzinga.com/markets/offerings/25/08/47077009/circle-stock-falls-after-10-million-share-offering">announced a public offering of 10 million shares</a> of its Class A common stock.



CRCL exhibited a low value score — a percentile-ranked composite metric that evaluates a stock&#8217;s relative worth by comparing its market price to fundamental measures — as of this writing. Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>&nbsp;to filter out the best performers on this metric.



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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>



Photo by PJ McDonnell via Shutterstock

Fintech

$USDC

COIN

CRCL

SHOP

CRCL Stock Drops 6% After Hours Even As Circle CEO Doubles Down On 'Big-Tent' Crypto Strategy, Backs Coinbase-Shopify Deal

CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) reported second-quarter financial results after the market close on Tuesday. Here&#8217;s a look at the key details <a href="https://www.benzinga.com/markets/tech/25/08/47070947/coreweaves-chart-looks-bullish-earnings-could-be-the-next-catalyst">from the quarter</a>.



CRWV shares are down. <a href="https://www.benzinga.com/quote/CRWV" target="_blank" rel="noreferrer noopener">Check the market position here.</a>



Q2 Earnings: CoreWeave reported second-quarter revenue of $1.21 billion, beating analyst&nbsp;<a href="http://benzinga.com/quote/crwv/earnings" target="_blank" rel="noreferrer noopener">estimates</a> of $1.08 billion, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported a second-quarter adjusted loss of 27 cents per share, missing estimates for a loss of 17 cents per share.



CoreWeave has operated data centers across the U.S. and&nbsp;Europe since 2017. The company went public on the Nasdaq at $40 per share earlier this year. CoreWeave provides access to&nbsp;Nvidia&nbsp;GPUs to large technology and AI-focused companies.



Total revenue was up more than 300% on a year-over-year basis. The company said it ended the quarter with a revenue backlog of $30.1 billion. 



CoreWeave reported $1.19 billion in operating expenses during the period and ended the quarter with $1.15 billion in cash and cash equivalents.



&#8220;Our strong&nbsp;second quarter&nbsp;performance demonstrates continued momentum across every dimension of our business. We are scaling rapidly as we look to meet the unprecedented demand for AI,&#8221; said&nbsp;Michael Intrator, co-founder and CEO of CoreWeave.



CoreWeave executives will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET. The company is expected to provide forward guidance on the call.



CRWV Price Action:&nbsp;<a href="http://benzinga.com/quote/crwv" target="_blank" rel="noreferrer noopener">CoreWeave shares</a>&nbsp;were up 130% over the past three months heading into Tuesday's report. The stock was down 5.92% in after-hours, trading at $139.50 at the time of publication, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



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Earnings

After-Hours Center

Tech

CRWV

CoreWeave Q2 Earnings: Revenue Beat, EPS Miss, 'Continued Momentum' Driven By 'Unprecedented' AI Demand

Mediterranean fast-casual restaurant chain CAVA Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) reported financial results for the second quarter after the market close on Tuesday. Here&#8217;s what you need to know <a href="https://www.benzinga.com/pressreleases/25/08/b47074149/cava-group-reports-second-quarter-2025-results">from the report</a>.



Q2 Earnings: Cava reported second-quarter revenue of $278.25 million, missing the&nbsp;<a href="http://benzinga.com/quote/CAVA/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $286.58 million, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company reported second-quarter adjusted earnings of 16 cents per share, beating analyst estimates of 14 cents per share.



Total revenue was up 20.3% year-over-year on same restaurant sales growth&nbsp;of 2.1% primarily from menu price and product mix. Cava said guest traffic was approximately flat during the quarter.



The company opened 16 new restaurants over the past three months, bringing total locations up to 398, up 16.7% year-over-year. Cava ended the period with $290.17 million in cash and cash equivalents.



&#8220;During the&nbsp;second quarter&nbsp;of 2025, we continued to grow market share and firmly establish our category-defining leadership position,&#8221; said&nbsp;Brett Schulman, co-founder and CEO of Cava Group.



&#8220;We recently opened our 400th&nbsp;restaurant, marking a meaningful milestone on our path to 1,000 restaurants by 2032, reinforcing the proven portability and underlying strength fueling our continued growth.&#8221;



Outlook:&nbsp;Cava expects full-year same-restaurant sales growth to be between 4% and 6%, down from prior guidance of 6% to 8%. The company expects to open between 68 and 70 new restaurants in total this year, up from prior guidance of 64 to 68 restaurants. Cava continues to expect full-year adjusted EBITDA of $152 million to $159 million.



Cava executives will further discuss the quarter on an earnings call scheduled for 5 p.m. ET.



CAVA Price Action: <a href="https://www.benzinga.com/quote/CAVA" target="_blank" rel="noreferrer noopener">Cava shares</a> were down 22.45% in after-hours Tuesday, trading at $65.53 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



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Guidance

Restaurants

CAVA

Cava Group Q2 Earnings: Revenue Miss, EPS Beat, Shares Plunge On Softer Same-Store Sales Growth Expectations

If you're convinced that record-high stock prices signal irrational valuations or that the U.S. economy is heading straight for a downturn, the latest corporate quarterly results <a href="https://www.benzinga.com/topic/earnings-report">might make you reconsider.</a>



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<li>VOO ETF is trading at record highs. <a href="https://www.benzinga.com/quote/VOO">Check live prices here. </a></li>
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U.S. corporations are delivering one of the strongest top-line beats in years, outpacing even Wall Street's most optimistic projections and challenging the narrative that stock valuations are dangerously stretched.



<h2 class="wp-block-heading">Corporate America Beat The Street In Q2 2025</h2>



According to FactSet, 81% of S&amp;P 500 companies have reported revenues above analysts' forecasts in the second quarter, the highest rate since the second quarter of 2021's 87% and far above the 5-year average of 70%.



On aggregate, companies are beating revenue expectations by 2.4%, a figure unmatched since the first quarter of 2023 and well above the 10-year average of 1.4%.



The year-over-year revenue growth rate stands at 6.3%, the strongest since the third quarter of 2022, when it reached 11%. Ten out of 11 sectors posted gains, led by Information Technology, Health Care, and Communication Services. Energy remains the sole laggard, reporting a decline.



Earnings strength matched the revenue story. FactSet data shows 81% of S&amp;P 500 companies exceeded earnings-per-share estimates, surpassing both the 5-year average of 78% and the 10-year average of 75%. This level hasn't been reached since the third quarter of 2023.



The forward 12-month price-to-earnings ratio is 22.1, up from the 5-year average of 19.9 and the 10-year average of 18.5, mirroring valuations recorded at the end of June.



<h2 class="wp-block-heading">Is This A Bubble?</h2>



While forward-looking price-to-earnings ratios are above historical norms and both the S&amp;P 500 and Nasdaq 100 sit at record highs as of Aug. 12, underlying economic strength is holding the fort.



Market veteran Ed Yardeni said the U.S. economy has proven "resilient" despite the pandemic, supply-chain turmoil, inflation spikes, monetary tightening, and now tariffs. 



He said high stock multiples can be justified if recession risks remain low. 



&#8220;Furthermore, earnings would be the main driver of the bull market rather than even higher valuation multiples. That would be a most welcome development,&#8221; he said in a note this week.



Yardeni envisions an AI-driven "Roaring 2020s" in which productivity growth fuels real GDP gains while keeping inflation subdued. 



In that scenario, he projects the S&amp;P 500 could reach 10,000 by 2030. 



The Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) is already up 9% in 2025 and has surged more than 33% since its April tariff-driven low.



<h2 class="wp-block-heading">Recession Talk Is Fading Fast</h2>



Despite market chatter about tariffs and slowing growth, recession fears are notably absent from corporate boardrooms. 



According to FactSet data, only 16 S&amp;P 500 earnings calls this quarter mentioned the word "recession," compared with a 5-year average of 74 and a 10-year average of 61. 



That's an 87% drop from the first quarter 2025, when the term appeared on 124 calls. Overall, just 4% of the 442 calls held between June 15 and Aug. 7 cited recession.



Read Next:



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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47063958/trump-powell-fed-july">Trump Slams Powell, Defends Tariffs As Economists Eye Fed Cuts </a></li>
</ul>



Photo: Shutterstock

Analyst Color

Equities

Large Cap

Broad U.S. Equity ETFs

Econ #s

Economics

Analyst Ratings

ETFs

Stocks Say No Recession: S&P 500 Earnings Crush Expectations

E.J. Antoni, the economist tapped by President Donald Trump to <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/47049130/who-is-ej-antoni-trump-picks-economist-from-ronald-reagans-favorite-think-tank-to-head-bureau-of-labor-statistics">lead the Bureau of Labor Statistics</a> and an architect of the Heritage Foundation&#8217;s Project 2025, suggested the agency should suspend monthly jobs reports in a Tuesday television appearance.



Antoni <a href="https://www.foxbusiness.com/politics/trumps-bls-pick-could-pause-monthly-jobs-report-over-accuracy-concerns">appeared</a> on Fox Business Tuesday morning to discuss Trump&#8217;s lack of confidence in the Bureau&#8217;s monthly job data.



&#8220;How on earth are businesses supposed to plan – or how is the Fed supposed to conduct monetary policy – when they don't know how many jobs are being added or lost in our economy? It's a serious problem that needs to be fixed immediately,&#8221; Antoni told FOX Business.



<h2 class="wp-block-heading">Suspending Job Reports: A Risky Proposition</h2>



Trump nominated Antoni to the position after <a href="https://www.benzinga.com/news/topics/25/08/47027456/labor-statistics-commissioner-fired-over-faked-jobs-numbers-but-economists-warn-the-real-threat-could-be-to-market-trust">his unprecedented firing</a> of former BLS Chief, Erika McEntarfer, on Aug. 1. The <a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market">Bureau&#8217;s July jobs</a> report showed nonfarm payrolls rising by 73,000, far below economists&#8217; estimates of 110,000.



The report also included a revision of May and June&#8217;s tallies, down by over 100,000 each. Similar revisions were observed during the Biden Administration.



&#8220;Until it is corrected, the BLS should suspend issuing the monthly job reports but keep publishing the more accurate, though less timely, quarterly data,&#8221; Antoni added. &#8220;Major decision-makers from Wall Street to D.C. rely on these numbers, and a lack of confidence in the data has far-reaching consequences.&#8221;



<h2 class="wp-block-heading">Can Data Integrity Survive Political Pressure?</h2>



Trump <a href="https://www.benzinga.com/news/politics/25/08/46953745/paul-krugman-slams-donald-trump-for-calling-jobs-report-rigged-says-every-accusation-is-a-confession">called the jobs report</a> &#8220;rigged&#8221; and &#8220;fake&#8221; following his firing of McEntarfer.



Top economists dismissed Trump and Antoni&#8217;s insinuations and reiterated that attempts to erode the independence of reporting agencies could sow distrust in markets.



&#8220;[Suspending monthly jobs reports] would [be] a serious mistake in my estimation. It would only fuel critiques of a politicization of job market data and likely result in volatility across asset classes,&#8221; RSM US chief economist Joe Brusuelas <a href="https://www.axios.com/2025/08/12/trump-bls-antoni-jobs">told</a> Axios.



Withholding or fabricating economic data is a common practice <a href="https://www.cia.gov/readingroom/docs/CIA-RDP85T01058R000507850001-1.pdf">observed</a> in many authoritarian regimes, such as the Soviet Union during the 1980s.



<h2 class="wp-block-heading">The Dangers Of Distrust In Economic Data</h2>



University of Michigan professor Justin Wolfers <a href="http://said">described</a> Antoni as unqualified for the position in a post on X.



&#8220;Antoni finished grad school 5 years ago at Northern Illinois with no obvious distinction, his dissertation is meh, and involved no research on labor markets or data collection, he has never published a paper, and his life&#8217;s work has earned 1 citation,&#8221; Wolfers said. &#8220;This record would be insufficient to earn a job as a junior staffer at BLS.&#8221;



Also Read:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/08/47057291/us-inflation-july-tariffs">July Inflation Brings A Mixed Bag As Tariff Impact Remains Muted</a></li>
</ul>



Photo: Shutterstock

Politics

Trump's BLS Pick Calls For Suspension Of Monthly Jobs Report: Data 'Needs To Be Fixed Immediately'

CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) has been riding a strong upward current this year, surging more than 250% year-to-date and steadily climbing through the summer months. Now, as it prepares to report <a href="https://www.benzinga.com/quote/CRWV/earnings">second quarter earnings</a> Tuesday, investors are eager to see if this cloud infrastructure leader can keep its bullish streak alive — or if some turbulence lies ahead.



<ul class="wp-block-list">
<li>Track CRWV stock <a href="https://www.benzinga.com/quote/CRWV">here</a>.</li>
</ul>



Read Also: <a href="https://www.benzinga.com/trading-ideas/previews/25/08/47040837/coreweave-stock-ramps-30-into-q2-earnings-heres-what-to-watch">CoreWeave Stock Ramps 30% Into Q2 Earnings: Here&#8217;s What To Watch</a>



<h2 class="wp-block-heading">Bullish Momentum In The Clouds</h2>



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0812"><img loading="lazy" decoding="async" width="628" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/12142514/Screenshot-2025-08-12-at-11.24.31-PM.png" alt="" class="wp-image-1024952" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/12142514/Screenshot-2025-08-12-at-11.24.31-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/12142514/Screenshot-2025-08-12-at-11.24.31-PM-300x246.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0812">Chart created using Benzinga Pro</a>



At a robust $143.60 per share, CoreWeave comfortably floats above all its major moving averages. The eight-day simple moving average sits at $120.78, the 20-day at $120.85, and the 50-day just shy of $140.68 — all flashing clear bullish signals. This technical picture suggests the stock is enjoying solid buying pressure and momentum, a positive sign that traders are confident in the company's ongoing growth narrative.



The MACD (moving average convergence/divergence) indicator (blue line), currently at a negative 1.72, has crossed over the signal line (orange line) and still supports a bullish view, indicating that the stock's momentum may be stabilizing before another potential surge.



Meanwhile, the Relative Strength Index (RSI) stands at a healthy 60.01, signaling that CoreWeave is neither overbought nor oversold, leaving room for further upside without the usual overheating warning signs.



<h2 class="wp-block-heading">The Earnings Cloud: Silver Lining Or Storm?</h2>



Wall Street's expectations are cautious but hopeful. Analysts forecast a loss of 17 cents a share on revenue of about $1.08 billion, according to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0812">Benzinga Pro</a> data. This figure reflects CoreWeave's heavy investment in its proprietary cloud platform designed to power the next generation of AI applications. The company's cutting-edge technology is already helping fuel breakthroughs in AI, supporting complex models with automation and efficiency that few competitors can match.



This makes today's earnings release more than just a report card — it's a critical checkpoint on whether CoreWeave can translate its technological promise into sustained financial growth. Investors will be watching closely for signs that the company can continue scaling its platform and tapping into the booming AI infrastructure market.



<h2 class="wp-block-heading">Clear Skies Ahead?</h2>



With technicals glowing and a market hungry for AI innovation, CoreWeave's chart suggests the run isn't over yet. But earnings will be the ultimate litmus test. A strong beat and confident guidance could send shares soaring to challenge that $187 52-week high. On the flip side, any disappointment might create some short-term clouds for the stock.



For now, CoreWeave is cruising on a bullish breeze — and all eyes are on the skies to see if the momentum will hold as earnings land.



Read Next: 



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</ul>



Photo: Shutterstock

Technicals

Previews

CoreWeave's Chart Looks Bullish — Earnings Could Be The Next Catalyst

Wall Street is in full rally mode after July&#8217;s inflation data eased fears that tariff-related cost pressures were widespread. The headline Consumer Price Index (CPI) came in below expectations, holding steady at 2.7% year-over-year and fueling speculation of <a href="https://www.benzinga.com/topic/federal-reserve">upcoming interest rate cuts. </a>



<ul class="wp-block-list">
<li>JETS ETF is moving fast. <a href="https://www.benzinga.com/quote/JETS">Check the chart here.</a> </li>
</ul>



However, the core CPI – which excludes energy and food – jumped from 2.9% to 3.1% annually, topping estimates of 3%. 



Both the S&amp;P 500 and the Nasdaq 100 indices broke past new record highs at 6,430 and 23,780 points, respectively. The Dow Jones gained nearly 500 points, or 1%, while small-cap stocks stole the show, with the Russell 2000 jumping 2.2%.



While gasoline continued to slump and provided a negative contribution to the headline reading, other consumer expenses, such as transportation, medical care services, and used cars, showed the highest monthly increase.



Airline fares, in particular, jumped 4% on a month-over-month basis, causing a rally in airline stocks. The U.S. Global JETS ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) soared 6%, with United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) both up by 9%, making them the strongest performers in the S&amp;P 500.



President Donald Trump renewed public pressure on Fed Chair Jerome Powell, announcing that he was considering a major lawsuit against Powell over the Fed building renovation expenses.



Trump also defended tariffs and reiterated that consumers are not the ones paying them. The president also named E.J. Antoni, an economist at the Heritage Foundation, as the new Commissioner of the Bureau of Labor Statistics, who is reportedly considering discontinuing the publication of monthly jobs reports and instead releasing data only quarterly.



Investors are now almost fully pricing in a 25-basis-point interest rate cut in September, followed by another one in December, which caused renewed weakness in the U.S. dollar. 



Gold rebounded 0.2% above $3,350 per ounce, silver rose 0.5% to $37.95, while crude oil remained under pressure, down 1% to $63 a barrel. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained relatively unchanged, trading around $119,000.



<h2 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices </td><td>Price</td><td>1-day %</td></tr><tr><td>Russell 2000</td><td>2,264.34</td><td>2.2%</td></tr><tr><td>Dow Jones</td><td>44,470.29</td><td>1.1%</td></tr><tr><td>Nasdaq 100</td><td>23,780.09</td><td>1.1 %</td></tr><tr><td>S&amp;P 500</td><td>6,432.83</td><td>0.9%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:15 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) rose 0.8% to $589.30.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) gained 1.0% to $444.49.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 1% to $578.59.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 2.2% to $225.05.</li>



<li>The&nbsp;Communication Services&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.9%; the&nbsp;Real Estate&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 0.6%.</li>
</ul>



<h2 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h2>



<ul class="wp-block-list">
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) jumped 11% and 10%, respectively, as the July inflation data revealed a price spike in airline fares.</li>



<li>Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock remained flat despite a broader market rally, following reports that the Chinese government is discouraging its local companies from buying the company&#8217;s AI chips.</li>



<li>Stocks moving on earnings reports included ON Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) up 7%, and Cardinal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) down 7%. </li>



<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) saw its stock rise 3.5% after a 3.2% gain the previous day, as CEO Lip-Bu Tan&#8216;s meeting with President Trump appeared to ease recent tensions.</li>



<li>Earnings are expected from Alico Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALCO#NASDAQ">ALCO</a>), Anterix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATEX#NASDAQ">ATEX</a>), CAE Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>), Everus Construction Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECG#NYSE">ECG</a>), H&amp;R Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>), Intapp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>), KinderCare Learning Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLC#NYSE">KLC</a>), Luminar Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), and Mineralys Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLYS#NASDAQ">MLYS</a>) after the market closes.</li>
</ul>



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Image created using artificial intelligence via Midjourney.

Federal Reserve

ALCO

ATEX

INTA

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JETS

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XLRE

Nasdaq 100, S&P 500 Hit New All-Time Highs, Airlines Jump: What's Moving Markets Tuesday?

Airline stocks rallied Tuesday after July's inflation report showed ticket prices jumping while gasoline costs — a key industry expense — dropped sharply. This gave carriers <a href="https://www.benzinga.com/markets/economic-data/25/08/47057291/us-inflation-july-tariffs">a rare double boost.</a>



<ul class="wp-block-list">
<li>JETS ETF is moving fast. <a href="https://www.benzinga.com/quote/JETS">Check the chart here. </a></li>
</ul>



Airline fares jumped 4% from June, while gasoline prices dropped 1.9% over the month and are now 9% lower than a year ago.



The dual move means carriers can charge more while paying less for one of their biggest operating costs, a setup that sent airline shares sharply higher. 



By late morning in New York, Alaska Air Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) were each up between 7% and 8%.



The U.S. Global JETS ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) — a key benchmark for the industry — soared 5.7%, the largest gain in over a month and the third biggest since October 2022.



The Dow Jones Transportation Index jumped 2.8%, outpacing the broader market's gains and eyeing its best performance since May. 



<h2 class="wp-block-heading">What's Getting Cheaper, What's Getting More Expensive</h2>



The CPI report showed mixed news for U.S. consumers. While gasoline provided relief at the pump, several everyday expenses moved higher. 



A notable price jump was recorded in transportation services, which climbed 0.8% for the month and remain 3.5% higher than a year ago. 



Medical care services also accelerated, rising 0.8% in July and 4.3% year-over-year, with dental services and hospital care driving much of the increase. 



Used car prices rose 0.5% in the month and 4.8% from last year. Transportation services increased 0.8% month-over-month and are up 3.5% compared to the same period last year.



Gasoline prices fell by 1.9%, or 9% on an annual basis, helping to contain headline inflation. Meanwhile, energy services posted a 0.3% monthly decline, though their annual gain remains steep at 7.2%, led by utility gas service's 13.8% jump from July 2024.



Grocery prices, classified as "food at home,&#8221; were flat in July but still 2.9% higher than last year, while dining out — "food away from home" — rose 0.3% in the month and is up 3.9% over the past year.



Shelter costs — the largest component of CPI — were up 0.2% for the month and 3.7% over the year.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><thead><tr><th>Category</th><th>MoM Change (Jul 2025)</th><th>YoY Change (Jul 2025)</th></tr></thead><tbody><tr><td>All Items</td><td>+0.2%</td><td>+2.7%</td></tr><tr><td> Food</td><td>0.0%</td><td>+2.9%</td></tr><tr><td> Food at Home</td><td>-0.1%</td><td>+2.2%</td></tr><tr><td> Food Away from Home</td><td>+0.3%</td><td>+3.9%</td></tr><tr><td> Energy</td><td>-1.1%</td><td>-2.2%</td></tr><tr><td> Energy Commodities</td><td>-1.6%</td><td>-9.0%</td></tr><tr><td> Gasoline (All Types)</td><td>-1.9%</td><td>-9.5%</td></tr><tr><td> Fuel Oil</td><td>+1.8%</td><td>-2.9%</td></tr><tr><td> Energy Services</td><td>-0.3%</td><td>+7.2%</td></tr><tr><td> Electricity</td><td>-0.1%</td><td>+5.5%</td></tr><tr><td> Utility (Piped) Gas Service</td><td>-0.9%</td><td>+13.8%</td></tr><tr><td>All Items Less Food &amp; Energy</td><td>+0.3%</td><td>+3.1%</td></tr><tr><td> Commodities Less Food &amp; Energy</td><td>+0.2%</td><td>+1.2%</td></tr><tr><td> New Vehicles</td><td>0.0%</td><td>+0.4%</td></tr><tr><td> Used Cars &amp; Trucks</td><td>+0.5%</td><td>+4.8%</td></tr><tr><td> Apparel</td><td>+0.1%</td><td>-0.2%</td></tr><tr><td> Medical Care Commodities</td><td>+0.1%</td><td>+0.1%</td></tr><tr><td> Services Less Energy Services</td><td>+0.4%</td><td>+3.6%</td></tr><tr><td> Shelter</td><td>+0.2%</td><td>+3.7%</td></tr><tr><td> Transportation Services</td><td>+0.8%</td><td>+3.5%</td></tr><tr><td> Medical Care Services</td><td>+0.8%</td><td>+4.3%</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Market Reactions: Investors Flock Into Transportation Stocks, Healthcare Giants</h2>



The travel-related rally spilled over into cruise lines, with Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) up 2.7%, Royal Caribbean Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) gaining 2.2% and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) rising 1.6%. 



Shipping and logistics stocks climbed too, with Old Dominion Freight Line Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) up 3.8% and FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) adding 3.3%. Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) rose 1.7%.



Healthcare stocks benefited from the uptick in medical costs, with UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) up 3.7%.



Now Read



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47063958/trump-powell-fed-july">Trump Slams Powell, Defends Tariffs As Economists Eye Fed Cuts </a></li>
</ul>



Image: Shutterstock

Macro Economic Events

Sector ETFs

Travel

NCLH

ODFL

UBER

Cheaper Gas, Pricier Flights: Airline Stocks Rally On July Inflation Report

Let me tell you something that keeps financial insiders awake at night. Right now, over <a href="https://defillama.com/stablecoins" target="_blank" rel="noreferrer noopener nofollow">$270 billion in stablecoins</a> like USDT and USDC are circulating globally, yet nobody is talking about why this isn&#8217;t causing grocery prices to skyrocket. I&#8217;ve spent years dissecting digital finance systems, and here&#8217;s the shocking truth nobody will admit: stablecoins aren&#8217;t inflating your coffee bill, but they&#8217;re quietly detonating something far more dangerous.



How Stablecoins Actually Work Behind the Scenes



Forget everything you think you know about stablecoins. These aren&#8217;t digital dollars floating freely in the economy. When Tether or Circle mint new tokens, they lock real dollars in vaults and then buy US Treasury bonds. This isn&#8217;t theoretical.&nbsp;Tether now holds $127 billion in Treasuries,&nbsp;making it the 18th largest US debt holder globally, bigger than South Korea&#8217;s entire holdings. Circle just got regulatory green light for its IPO, proving this model has mainstream approval.



The magic trick happens next. Those Treasury bonds earn interest while the stablecoins circulate exclusively within crypto markets. Think of it as creating a parallel financial universe where digital dollars move at light speed but never touch Main Street. The Federal Reserve&#8217;s $3.5 trillion in bank reserves earns 4.5% interest sitting frozen to prevent inflation, yet stablecoins operate in a shadow system completely bypassing traditional controls.



Why Your Grocery Bill Isn&#8217;t Rising Thanks to Stablecoins



Here&#8217;s where everyone gets it wrong. Stablecoins aren&#8217;t causing real-world inflation because they&#8217;re not being used like real money. Walk into any coffee shop, try paying with USDC. Good luck.



I analyzed transaction data across major platforms and discovered something staggering. While stablecoins processed <a href="https://cryptoslate.com/stablecoins-surpass-visa-and-mastercard-with-27-6-trillion-transfer-volume-in-2024/" target="_blank" rel="noreferrer noopener nofollow">$27.6 trillion in volume last year, that&#8217;s 7.68 times more than Visa and Mastercard combined.</a> The reality is that <a href="https://www.ocbc.com/iwov-resources/sg/ocbc/gbc/pdf/FX%20Outlook/FX%20Ideas/Stablecoins%20-%20Unpacking%20the%20Future%20of%20Digital%20Currency.pdf" target="_blank" rel="noreferrer noopener nofollow">88.1% of stablecoin transactions</a> are driven by cryptocurrency trading, involve institutional players moving liquidity between exchanges, not buying lattes. Retail users provide most decentralized exchange liquidity, but institutions control the flow. This isn&#8217;t economic activity, it&#8217;s high-speed financial plumbing.



The critical misunderstanding is equating transaction volume with economic impact. When the same digital dollar moves 50 times between crypto exchanges, it creates massive volume numbers but zero new demand for physical goods. It&#8217;s like counting how many times water sloshes in a bathtub versus how much actually leaves the tub. Right now, all that water stays neatly contained.



The Hidden Inflation Bomb Nobody Is Tracking



While your local economy remains untouched, stablecoins are causing explosive inflation somewhere else, in Bitcoin. This isn&#8217;t speculation, it&#8217;s cold, hard math. Watch what happens when Tether mints $1 billion in new USDT. Market makers immediately deploy that liquidity across exchanges, creating instant buying pressure on Bitcoin.



I&#8217;ve tracked this pattern for two years, and the correlation is undeniable. Every major stablecoin issuance surge precedes Bitcoin price jumps by hours, not weeks. It&#8217;s a self-reinforcing loop: new stablecoins fuel Bitcoin demand, which attracts more stablecoin issuance. This isn&#8217;t traditional inflation, but it&#8217;s inflation nonetheless, hitting one asset class with surgical precision.



The scary part, Wall Street calls this the liquidity bridge effect. When institutional players move billions between exchanges, they use stablecoins as the vehicle, creating artificial demand spikes. I&#8217;ve seen Bitcoin pump 10-15% in minutes purely from stablecoin flows with zero real-world news driving it. This is inflation in its purest form: too much digital money chasing too few crypto assets.



The Federal Reserve&#8217;s Silent Nightmare



Let&#8217;s compare how traditional and digital dollars behave. When the Fed creates money, it enters slowly through bank lending, creating predictable inflation channels. But stablecoins operate like digital nitroglycerin. Tether can mint $2 billion overnight and flood crypto markets in minutes, bypassing all traditional monetary controls.



The Fed&#8217;s $3.5 trillion in bank reserves earns interest while sitting frozen, a deliberate move to prevent hyperinflation. Stablecoins, however, circulate at digital speed within their closed ecosystem. It&#8217;s like comparing a dripping faucet to a firehose; both involve water, but one can flood your house instantly.



Here&#8217;s what keeps central bankers up at night. If stablecoins ever breach their crypto walls, they could supercharge inflation beyond control. Traditional tools like interest rate hikes work on slow-moving physical money. They&#8217;re useless against digital dollars zipping across borders in seconds. The Fed built its entire playbook for a world that&#8217;s vanishing.



The Ticking Clock Before Real Inflation Hits



Right now, stablecoins are safely contained in the crypto sandbox. But three explosive developments could change everything overnight. First, regulators are pushing for banks to tokenize their $3.5 trillion in Fed reserves. Imagine if Chase or Bank of America issued digital dollars compatible with stablecoin networks. Suddenly, that frozen liquidity becomes hyperactive digital cash.



Second, the GENIUS Act, scheduled for July 2025, will grant federal recognition to dollar stablecoins. This isn&#8217;t dry legislation, it&#8217;s the green light for mass adoption. Industry giants like Amazon and Walmart are reportedly moving toward stablecoin-style offerings as payment networks brace for disruption.



Third remittance companies are quietly building stablecoin corridors. Latin America is already using it for cross-border payment and security. The $1 trillion stablecoin milestone isn&#8217;t a prediction, it&#8217;s an inevitability coming faster than anyone expects.



Why This Changes Everything



The real danger isn&#8217;t stablecoins themselves but what they represent: a parallel monetary system operating outside central bank control. Traditional inflation measures like CPI completely ignore crypto market dynamics. When stablecoins eventually breach into real economies, we&#8217;ll face inflation that the Fed can&#8217;t measure, let alone control.



I&#8217;ve modeled three scenarios based on current adoption curves. In the mild case, stablecoins remain crypto plumbing, and Bitcoin keeps absorbing the inflationary pressure. In the medium scenario, retail adoption hits 15% of global remittances, triggering localized inflation in emerging markets. But the nightmare scenario, 40% of international trade using stablecoins, would create runaway inflation, the likes of which we haven&#8217;t seen since Weimar Germany.



Here&#8217;s the chilling part. Central banks monitor the M2 money supply, but stablecoins aren&#8217;t counted in those metrics. That $270 billion is invisible to traditional economics. It&#8217;s like trying to navigate a storm while blindfolded. The tools we&#8217;ve relied on for decades are becoming obsolete before our eyes.



The Path to Financial Armageddon



Picture this, 2027. A major bank tokens its entire $500 billion reserve account. Those digital dollars instantly connect to stablecoin networks. Within hours, that frozen capital floods into crypto markets and then spills into real economies as people convert to local currency. Grocery stores raise prices overnight. Central banks scramble to hike rates, but it&#8217;s too late; the digital floodgates are open.



This isn&#8217;t science fiction. The infrastructure exists today. Circle&#8217;s USDC already integrates with Visa&#8217;s payment network. Tether&#8217;s Treasury holdings give it unprecedented market power. The only thing preventing chaos is artificial containment within crypto exchanges. Break that dam, and digital dollars will move faster than policymakers can react.



What You Must Do Right Now



Don&#8217;t wait for the crisis to hit. First, diversify beyond traditional assets. Bitcoin isn&#8217;t just crypto; it&#8217;s the canary in the coal mine for stablecoin inflation. Second, demand transparency from stablecoin issuers. Tether&#8217;s $127 billion Treasury position should scare anyone, as it means a private company now wields sovereign-level financial power.



Most importantly, pressure regulators to count stablecoins in money supply metrics. The Fed&#8217;s models are dangerously blind to this growing threat. If we don&#8217;t update our economic toolkit before stablecoins hit mainstream adoption, we&#8217;ll be fighting the last war while the real battle rages unseen.



The Bottom Line



Stablecoins aren&#8217;t causing inflation in your local economy today, but they&#8217;re building a pressure cooker underneath the global financial system. That $270 billion is quietly inflating Bitcoin while waiting for the moment it breaches into real markets. When that happens, and it will happen, traditional inflation controls will be as useful as a screen door on a submarine.



The clock is ticking. Banks are already tokenizing reserves, regulators are blessing stablecoins, and adoption is accelerating exponentially. This isn&#8217;t about crypto enthusiasts anymore. It&#8217;s about the very foundation of modern monetary policy. The question isn&#8217;t whether stablecoins will cause inflation but how much damage we&#8217;ll suffer before admitting the truth.



Wake up. The dollar you know is being replaced right under your nose. And when the flood comes, don&#8217;t say nobody warned you.



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Opinion

General

Stablecoins Are Quietly Exploding the Dollar - The Inflation Secret Wall Street Doesn't Want You To Know

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) recently agreed to pay the U.S. government 15% of their AI chip revenue from China — a groundbreaking arrangement driven by export license conditions. But <a href="https://www.benzinga.com/topic/semiconductors">not all chipmakers</a> are equally exposed. 



So, who suffers more when the government takes its cut?



Track NVDA stock <a href="https://www.benzinga.com/quote/nvda">here</a>.



<h2 class="wp-block-heading">China Exposure: The Tale Of Two Titans</h2>



Nvidia's AI chips sold to China represent about <a href="https://www.pcgamer.com/hardware/nvidia-and-amd-will-reportedly-pay-15-percent-of-their-chinese-revenue-to-the-us-government-so-they-can-sell-ai-capable-chips-there-despite-warnings-from-security-experts/" target="_blank" rel="noreferrer noopener">13%</a> of its total revenue — roughly $17 billion. AMD's exposure is nearly double, with China accounting for 24% of its revenue, or about $6.2 billion.



On paper, AMD stands to lose a bigger chunk proportionally, which could put more pressure on its profit margins.



Read Also: <a href="https://www.benzinga.com/markets/tech/25/08/47057250/beijing-asks-alibaba-bytedance-why-they-need-nvidia-h20-chips-instead-of-local-alternatives">Beijing Asks Alibaba, ByteDance Why They Need Nvidia H20 Chips Instead Of Local Alternatives</a>



<h2 class="wp-block-heading">Revenue Share: More Than Just A Tax</h2>



This 15% slice isn't just a financial hit. It signals a new era of government intervention in global tech sales, adding uncertainty about future regulations. Nvidia's slightly lower China dependence might shield it somewhat, but both firms now face a precedent that could see increased government levies or expanded controls.



<h2 class="wp-block-heading">Strategic Implications</h2>



For Nvidia, known for premium AI chips such as the H20, this means balancing margin compression against maintaining access to a lucrative Chinese market.



AMD, with its heavier reliance on China, might need to rethink pricing or diversify more aggressively. Investors should watch how each company navigates this complex trade-off between revenue and regulatory risk.



While both Nvidia and AMD face headwinds from this China revenue-sharing deal, AMD's larger exposure means it's on riskier ground. For investors, understanding this disparity is key to gauging which chipmaker can better weather the growing storm of geopolitics and regulation.



Read Next: 



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Photos: Shutterstock

Long Ideas

Nvidia Vs. AMD: Who Gets Hit Harder By The 15% China Revenue Tax?

BigBear.ai Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) shares are tumbling Tuesday after the company reported second-quarter financial results that fell short of analyst expectations and <a href="https://www.benzinga.com/markets/earnings/25/08/47045292/bigbear-ai-stock-drops-after-q2-earnings-report-heres-why">cut its 2025 outlook</a>.



What Happened: BigBear.ai reported second-quarter revenue of $32.47 million, missing estimates of $41.17 million, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported a second-quarter loss of 71 cents per share, missing expectations for a loss of 6 cents per share.



Revenue fell 18% on a year-over-year basis due to lower volume on certain Army programs. BigBear.ai also withdrew its adjusted EBITDA guidance for 2025 due to uncertainty on Army programs and increased spending expectations. 



Further pressuring shares, BigBear.ai cut its full-year revenue outlook from a range of $160 million to $180 million to a new range of $125 million to $140 million versus estimates of $167.95 million. 



&#8220;While we are very optimistic with these significant investments and growth opportunities, we have also seen disruptions in federal contracts from efficiency efforts this quarter, most notably in programs that support the U.S. Army, as they seek to consolidate and modernize their data architecture,&#8221; said Kevin McAleenan, CEO of BigBear.ai.



Following the company&#8217;s quarterly results, HC Wainwright &amp; Co. analyst Scott Buck maintained BigBear.ai with a Buy rating and lowered the price target from $9 to $8.



BBAI Price Action: <a href="http://benzinga.com/quote/BBAI" target="_blank" rel="noreferrer noopener">BigBear.ai shares</a> were down 32.3% at $4.82 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. 



BigBear.ai shares were up nearly 125% over the past three months and close to 500% over the past year leading up to the print, which may have set the bar higher for earnings. The wide earnings miss and weak outlook appear to be dragging shares lower on Tuesday. 



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BBAI

BigBear.AI Stock Is Tumbling Tuesday: Here's Why

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has crossed the $4,400 mark, with traders eyeing a possible to run to all-time highs despite concerns about <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions#:~:text=Maximum%20Prediction%3A%20%246%2C800,investment%20compared%20to%20current%20levels.">a short-term dip.</a>



What Happened: Chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1955203730011218230">highlighted</a> that ETH has been consolidating between resistance at $4,332 and support near $4,165.



Martinez notes the market is in a "wait-and-see" mode, with a fresh daily TD Sequential sell signal pointing to a likely pullback toward $4,165 or possibly lower.



He adds that the bearish outlook will be invalidated if Ethereum closes above $4,370 on the 4-hour chart, potentially signalling renewed bullish momentum.



Analyst Michael van de Poppe <a href="https://x.com/CryptoMichNL/status/1955214176072372313">called</a> Martinez's detailed post "a reasonable concern." He added that testing support near $4,100, just below current levels, could trigger a deeper correction, especially if macro conditions remain weak.



A dip into the $3,600–$3,800 range would align with previous support zones and could serve as a healthy retracement before further upside.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47039006/bitcoin-ethereum-entering-pivotal-bull-market-phase-heres-what-it-means">Bitcoin, Ethereum Entering Pivotal Bull Market Phase—Here&#8217;s What It Means</a>



Why It Matters: Ethereum's price surge coincides with a 114% jump in large transaction volume within a single day, while transactions over $100,000 increased from 8,471 to 11,699. 



Nearly 97% of ETH holders are currently in profit, with exchange netflows expanding 54.1%.



Data from SoSoValue shows <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47054633/ethereum-etfs-smash-1-billion-daily-inflow-mark-outshine-bitcoins-138-million">spot Ethereum ETFs posted record net inflows</a> of $1.02 billion, significantly outperforming Bitcoin ETFs. 



BlackRock's ETHA led this surge with $639.7 million inflows, pushing its cumulative total to $10.49 billion and assets under management to $13.7 billion.



Ethereum's open interest stands at $56.8 billion, the highest since July 30, indicating strong trader interest. Derivatives trading volume also jumped 29.8% in a single day.



Read Next:



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Image: Shutterstock

Ethereum Cracks $4,400: How Long Until ETH Hits All-Time Highs?

Inflation data for July delivered a split message for markets — headline price growth cooled, but underlying inflation came in hotter than expected, suggesting President Donald Trump's tariff wave has yet to create a broad price <a href="https://www.benzinga.com/topic/inflation">shock in the economy.</a>



<ul class="wp-block-list">
<li>QQQ ETF is moving fast in premarket trading. <a href="https://www.benzinga.com/quote/QQQ">Check live prices here. </a></li>
</ul>



The Consumer Price Index rose 2.7% year-over-year in July, unchanged from June and falling short of economists&#8217; forecasts of 2.8%, while the monthly rate decelerated from 0.3% to 0.2%, in line with expectations.



Core inflation — which strips out volatile food and energy prices — delivered the upside surprise. The annual core rate climbed from 2.9% to 3.1%, the highest since February and overshooting expectations for 3%. Core CPI rose 0.3% on the month, up from June's 0.2% gain. 



Price increases were led by medical care, airline fares, recreation, household furnishings and operations, and used cars and trucks. Declines were seen in lodging away from home and communication.



Economists had warned that tariffs on a wide range of imported goods — from household furnishings to recreational equipment — would filter through to consumer prices in the second half of the year.



<h3 class="wp-block-heading">Markets Keep Betting On Rate Cuts</h3>



Despite the hotter core print, traders held firm to their rate-cut expectations. Futures pricing from CME data shows a 90% chance of a 25-basis-point cut in September, a 61% probability of another cut in October, and near-full pricing for a second cut by December.



Nasdaq 100 futures rose 0.8% after the data, S&amp;P 500 futures gained 0.6%, and the small-cap Russell 2000 jumped 1.5%. 



U.S. short-term bond yields dipped as investors stuck to the view that the Fed will ease policy this fall.



On Monday, the S&amp;P 500 as tracked by the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) closed 0.2% lower.



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Image created using artificial intelligence via Midjourney.

July Inflation Brings A Mixed Bag As Tariff Impact Remains Muted

China has reportedly raised security concerns about Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 chips, especially regarding potential backdoor risks, while the U.S. government, spearheaded by Donald Trump, <a href="https://www.benzinga.com/markets/tech/25/08/47022803/nvidia-and-amd-reportedly-agree-to-pay-15-of-china-chip-revenues-to-trump-administration-for-export-licenses-beijing-must-be-gloating">pushes for a 15% revenue share</a> from sales to China as part of its deal with the chipmaker.



<h2 class="wp-block-heading">China Warns Firms Off Nvidia H20 Chips, Threatening US Sales Push</h2>



In the past few weeks, China has told domestic companies to avoid Nvidia's H20 processors, especially for government projects, <a href="https://www.bloomberg.com/news/articles/2025-08-12/china-urges-firms-not-to-use-nvidia-h20-chips-in-new-guidance">reported</a> Bloomberg, citing people familiar with the matter.



The authorities have sent notices to companies discouraging the use of H20 chips in state enterprises or sensitive projects.



As per the report, Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is also impacted by this development, although it's unclear if its MI308 chip was named.



Earlier on Sunday, it was reported that the state-run media outlet Yuyuan Tantian, linked to China's CCTV, criticized the H20 chips, saying they <a href="https://www.benzinga.com/markets/tech/25/08/47023952/nvidias-h20-chips-under-fire-in-china-over-security-fears-as-us-export-deal-sparks-backlash-report">are environmentally unfriendly</a> and possibly unsafe for use in critical sectors.



See Also: <a href="https://www.benzinga.com/markets/tech/25/08/47050126/amc-ceo-says-he-has-personally-abandoned-google-in-exchange-for-chatgpt-heres-how-the-company-is-using-artificial-intelligence">AMC CEO Says He Has Personally Abandoned Google In Exchange For ChatGPT: Here&#8217;s How The Company Is Using Artificial Intelligence</a>



<h2 class="wp-block-heading">Security Concerns Over Nvidia Chips</h2>



Some notices questioned why firms buy Nvidia chips over domestic alternatives and whether they found security flaws, the report added, citing one of the sources.



State media has also cast doubt on the H20's reliability. Regulators raised similar issues with Nvidia, which insists the chips are secure and not for military or government infrastructure.



In a statement to the publication, Nvidia stated that the "H20 is not a military product or for government infrastructure." The company spokesperson added that China has plenty of domestic chips and has never depended on American processors for government operations.



<h2 class="wp-block-heading">Trump Administration to Get 15% Of Sales Revenue From China</h2>



Both Nvidia and AMD have reportedly gotten U.S. approval to sell lower-end AI chips to China, on the condition that they give Washington 15% of sales.



Earlier, ​​analysts expected Nvidia's share of <a href="https://www.benzinga.com/markets/tech/25/08/46824951/rising-competition-in-china-threatens-nvidias-comeback">China's AI chip market to drop</a> in 2025, driven by the rapid expansion of domestic rivals like Huawei Technologies and Cambricon and the effects of U.S. sanctions.



Meanwhile, Trump has signaled he is open to Nvidia's plan to offer <a href="https://www.benzinga.com/markets/tech/25/08/47049450/trump-open-to-scaled-down-nvidia-blackwell-ai-chip-for-china-jensen-huang-is-coming-to-see-me-again-about-that">China a scaled-down version</a> of its upcoming Blackwell AI chip, albeit with performance cut by as much as 50%.



Price Action: On Monday, Nvidia shares fell 0.32%, followed by a 0.27% drop in pre-market trading on Tuesday, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.



Benzinga's Edge Stock Rankings show that NVDA has maintained an upward trend over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance insights are available here</a>.



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Photo Courtesy: Shutterstock

Global

China Raises Security Red Flags Over Nvidia's H20 Chips As Trump Pushes For 15% Revenue Share: Report

U.S. stock futures rebounded on Tuesday following Monday&#8217;s decline. Futures of major benchmark indices were lower.



The Consumer Price Index for All Urban Consumers increased 0.2% on a seasonally adjusted basis in July, after rising 0.3% in June, the U.S. Bureau of Labor Statistics reported today.



Over the last 12 months, the all-items index increased 2.7% before seasonal adjustment, below the consensus view of 2.9%.



President Donald Trump signed an <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/47049539/trump-signs-executive-order-extending-heightened-tariff-suspension-on-china-for-90-days-says-getting-along-with-beijing-very-well">executive order</a> on Monday, extending the suspension of heightened tariffs on China for another 90 days, keeping the current 10% reciprocal tariff in place until Nov. 10, 2025. 



Meanwhile, Chinese authorities directed local firms to avoid using Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 chips, citing security reasons.



The 10-year Treasury bond yielded 4.28% and the two-year bond was at 3.77%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 84.4% likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.10%</td></tr><tr><td>S&amp;P 500</td><td>-0.11%</td></tr><tr><td>Nasdaq 100</td><td>0.02%</td></tr><tr><td>Russell 2000</td><td>0.26%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Tuesday. The SPY was up 0.42% at $638.57, while the QQQ advanced 0.540% to $575.96, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



Energy, information technology, and real estate stocks recorded the biggest losses on Monday, while consumer staples and consumer discretionary stocks bucked the overall market trend, closing the session higher.



U.S. stocks settled lower on Monday ahead of key inflation data.



The major indices recorded gains last week, with the Dow surging about 1.4% and the S&amp;P 500 adding 2.4% last week. The Nasdaq recorded a 3.9% surge during the week.



Later in the week, attention will shift to Friday's high-profile meeting between President Donald Trump and Russian President Vladimir Putin in Alaska.



Monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) shares dipped around 30% on Monday after it posted second-quarter results. International Money Express Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMXI#NASDAQ">IMXI</a>) shares jumped more than 60% after Western Union announced plans to acquire Intermex for $500 million.



The Dow Jones index ended 201 points or 0.45% lower at 43,975.09, whereas the S&amp;P 500 index fell 0.25% to 6,373.45. Nasdaq Composite declined 0.30% to 21,385.40, and the small-cap gauge, Russell 2000, tumbled 0.086% to end at 2,216.51.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-0.30%</td><td>21,385.40</td></tr><tr><td>S&amp;P 500</td><td>-0.25%</td><td>6,373.45</td></tr><tr><td>Dow Jones</td><td>-0.45%</td><td>43,975.09</td></tr><tr><td>Russell 2000</td><td>-0.086%</td><td>2,216.51</td></tr></tbody></table></figure>



Insights From Analysts:



According to Jeff Buchbinder, the chief equity strategist at LPL Financial, &#8220;The stock market&#8217;s ascent and low volatility tell us stocks are absorbing tariffs well.&#8221;



He explained that another way to demonstrate the market&#8217;s comfort is with an analysis of how stocks with the most perceived tariff risk are performing relative to those stocks with the least amount of perceived tariff exposure.



&#8220;Our friends at Goldman Sachs created a basket of stocks they believe are most immune to tariffs and another basket of stocks most at risk from tariffs. Somewhat counterintuitively, stocks most at risk from tariffs have performed much better since the so-called &#8216;Liberation Day&#8217; tariff announcements back on April 2,&#8221; he stated.



The note stated that experts have been pleasantly surprised by how well stocks have handled the sharp increase in tariffs. Since the market low from the early April tariff scare, the S&amp;P 500 Index has gained more than 28%. The note highlighted several reasons for the impressive rally in the face of these headwinds:



<ul class="wp-block-list">
<li>Goods-selling companies have been running down excess inventory, delaying tariff effects.</li>



<li>Consumers and businesses did some &#8220;front-running,&#8221; ordering extra products ahead of tariff implementation dates.</li>



<li>There have been pauses and exemptions, delaying or muting the effects.</li>



<li>Canada and Mexico are mostly protected by the USMCA trade agreement.</li>



<li>Some international trading partners have eaten the tariffs.</li>



<li>Some businesses have been able to shift some production.</li>



<li>Businesses and consumers have substituted products to reduce tariff burdens.</li>



<li>Some businesses have evaded high tariffs through transshipments.</li>



<li>Also, keep in mind that as of July 1 (the latest available data on tariff revenue the U.S. government has received), the effective tariff rate was only around 9% (source: Strategas Research). So, more tariff costs are coming.</li>
</ul>



Meanwhile, Ryan Detrick, the chief market strategist at Carson Research, stated in an X post that "AI Is The Real Reason Why the U.S. Economy Isn't in Recession."



He explained that without AI "growth would be near zero," as the AI spending, driven by Big Tech, has overtaken consumers as the biggest boost to U.S. GDP.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">AI Is The Real Reason Why the U.S. Economy Isn't in Recession AI spending, driven by Big Tech (primarily by <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a>, <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a>, <a href="https://twitter.com/search?q=%24AMZN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMZN</a>, <a href="https://twitter.com/search?q=%24GOOGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOGL</a>), has overtaken consumers as the biggest boost to U.S. GDP. Without it, growth would be near zero. In this short video, <a href="https://twitter.com/sonusvarghese?ref_src=twsrc%5Etfw">@sonusvarghese</a> and I… <a href="https://t.co/WZ4o0HN8iy">pic.twitter.com/WZ4o0HN8iy</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1955074110276415859?ref_src=twsrc%5Etfw">August 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 



Upcoming Economic Data



Here's what investors will be keeping an eye on Tuesday;



<ul class="wp-block-list">
<li>The NFIB Small Business Optimism Index rose to 100.3 in July 2025, its highest point in five months.</li>



<li>July's CPI rose by 0.2% with the all-items index up 2.7% below the consensus of 2.9%.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) climbed 11.28% despite missing analyst estimates as it outlined plans to launch 45-60 satellites by 2026, with $1.5 billion in cash on the balance sheet. It was also working with the U.S. government on eight contracts.</li>



<li>BigBear.ai Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) tumbled 27.93% after reporting a loss of 71 cents per share, which missed the analyst consensus estimate for losses of six cents. Quarterly revenue comes in at $32.47 million, which missed the Street estimate of $41.17 million.</li>



<li>Tilray Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) zoomed 13.04% following reports of a potential federal shift in marijuana classification, which could significantly impact the cannabis industry.</li>



<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) was up 3.05% following the news of a meeting between Intel's CEO and President Donald Trump, sparking investor interest.</li>



<li>Gevo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) surged 43.20% after it reported a positive net income of $2.1 million and achieved a positive adjusted earnings before interest, taxes, depreciation, and amortization $17 million for the second quarter.</li>



<li>Cardinal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) rose 1.30% in premarket on Tuesday as it is expected to report earnings before the opening bell. Analysts estimate earnings of $2.04 per share on revenue of $60.90 billion.</li>



<li>Sea Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) was 0.84% lower as analysts expect it to report earnings of 74 cents per share on revenue of $4.98 billion before the opening bell.</li>



<li>H&amp;R Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) was up 0.28% as it is expected to report earnings after the closing bell. Analysts estimate earnings of $2.83 per share on revenue of $1.07 billion.</li>



<li>Ziprecruiter Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIP#NYSE">ZIP</a>) jumped 11.49% after reporting better-than-expected second-quarter financial results and issuing third-quarter sales guidance above estimates.</li>



<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) dropped 10.38% after reporting a wider-than-expected loss for the second quarter. It reported a loss of 36 cents per share, missing analyst estimates for a loss of 26 cents per share.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.05% to hover around $63.99 per barrel.



Gold Spot US Dollar rose 0.14% to hover around $3,347.58 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was unchanged at the 98.5230 level.



Asian markets were mostly higher on Tuesday, except South Korea's Kospi and India's S&amp;P BSE Sensex indices. Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and Japan's Nikkei 225 indices rose. European markets were mixed in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/08/47052838/sp-500-earnings-revisions-hit-highest-positive-momentum-since-2021-whats-behind-this-rising-bullish-sentiment-among-executives">S&amp;P 500 Earnings Revisions Hit Highest Positive Momentum Since 2021: What&#8217;s Behind This Rising Bullish Sentiment Among Executives?</a></li>
</ul>



Photo courtesy: Shutterstock

ACHR

ASTS

GEVO

IMXI

MNDY

TLRY

Stock Market Today: S&P 500, Nasdaq 100 Futures Rise As July CPI Rises Below Consensus View—AST SpaceMobile, BigBear.AI, Intel In Focus (UPDATED)

Despite tariffs and escalating trade tensions, China&#8217;s trade surplus has surged to unprecedented new levels over the past 12 months, significantly outpacing the historic highs of Germany and Japan. 



<h2 class="wp-block-heading">Non-U.S. Markets Lead The Surge</h2>



On Monday, in a post on X, The Kobeissi Letter highlighted China&#8217;s &#8220;record $1.2 trillion&#8221; trade surplus over the past 12 months, citing data from Bank of America&#8217;s Global Investment Strategy team.



The nation&#8217;s positive trade balance has &#8220;DOUBLED over the last 5 years,&#8221; even as the tariffs imposed by the U.S. government remain in place, according to the post.



See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/47033922/trump-tariffs-inflation-estimates-outlook">Trump&#8217;s Tariff Storm Could Soon Hit American Consumers: Here&#8217;s Why</a>



It also notes that China&#8217;s exports to the world, excluding the U.S., have witnessed a strong rebound, growing $400 billion, &#8220;to a record $3.2 trillion over the last 18 months,&#8221; clearly showing the nation&#8217;s deepening trade ties outside of the U.S.



China's manufacturing sector is also posting historic numbers, with the cumulative 12-month manufacturing surplus hitting &#8220;a record $2 trillion, well above the largest surpluses historically seen in Germany and Japan.&#8221; This places the country firmly ahead of two of the world's most prominent manufacturing economies.



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">China's trade surplus is surging: China's overall goods trade surplus has reached a record $1.2 trillion over the last 12 months. Their positive trade balance has DOUBLED over the last 5 years. This comes as China's exports have significantly rebounded, excluding the US.… <a href="https://t.co/KspShrm864">pic.twitter.com/KspShrm864</a>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1954956478206321119?ref_src=twsrc%5Etfw">August 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">&#8220;Melting Ice Cube,&#8221; Hidden Surpluses And More</h2>



According to investor Peter Thiel, America's <a href="https://www.benzinga.com/news/global/25/04/44783111/palantir-co-founder-peter-thiel-says-america-needs-drastic-reset-with-china-but-so-do-others">trade gap with China</a> runs deeper than headline numbers suggest. He noted that "about a quarter of the U.S. trade deficit is bilaterally with China and another quarter is indirectly with China," pointing to imports from other countries that contain substantial Chinese components or value-added contributions.



Economist Brad Setser has similarly <a href="https://www.benzinga.com/markets/25/05/45279335/economist-brad-setser-sounds-alarm-on-chinas-hidden-trade-surplus-suggests-billions-in-capital-outflows-are-being-masked">raised concerns</a> regarding how China reports its trade data, saying that the country is masking billions of dollars in unreported income, which he predicts is north of $500 billion.



This comes as the U.S. makes efforts to narrow its trade gaps, with Treasury Secretary Scott Bessent describing tariffs as a &#8220;melting ice cube&#8221; that <a href="https://www.benzinga.com/news/politics/25/08/47025211/scott-bessent-calls-tariffs-a-melting-ice-cube-says-they-could-disappear-as-trade-rebalances">could shrink substantially</a> or disappear altogether as the nation works to "rebalance" its $1.18 trillion current account deficit.



Read More:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/08/47023989/trump-urges-china-to-quadruple-us-soybean-purchases-to-address-their-shortage-tackle-trade-deficit-experts-say-highly-unlikely">Trump Urges China To Quadruple US Soybean Purchases To Address Their Shortage, Tackle Trade Deficit—Experts Say &#8216;Highly Unlikely&#8217;</a></li>
</ul>



Photo courtesy: Shutterstock

Government

China's Trade Surplus Hits Record $1.2 Trillion Despite US Tariffs — Outpaces Historic German, Japanese Highs

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.



U.S. stocks settled lower on Monday, with the Dow Jones index falling around 200 points during the session ahead of key inflation data. Economists expect both headline and core annual inflation to tick higher to 2.9% and 3%, respectively.



The major indices recorded gains last week, with the Dow surging about 1.4% and the S&amp;P 500 adding 2.4% last week. The Nasdaq recorded a 3.9% surge during the week.



Later in the week, attention will shift to Friday&#8217;s high-profile meeting between President Donald Trump and Russian President Vladimir Putin in Alaska.



Monday.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) shares dipped around 30% on Monday after it posted second-quarter results. International Money Express Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMXI#NASDAQ">IMXI</a>) shares jumped more than 60% after Western Union announced plans to acquire Intermex for $500 million.



Most sectors on the S&amp;P 500 closed on a negative note, with energy, information technology and real estate stocks recording the biggest losses on Monday. However, consumer staples and consumer discretionary stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed lower by around 200 points to 43,975.09 on Monday. The S&amp;P 500 fell 0.25% to 6,373.45, while the Nasdaq Composite declined 0.30% to 21,385.40 during Monday's session.



Investors are awaiting earnings results from Cardinal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>), Sea Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) and H &amp; R Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 59.6, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 59.3.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/08/47029740/top-2-real-estate-stocks-that-may-collapse-in-q3">Top 2 Real Estate Stocks That May Collapse In Q3</a></li>
</ul>



Photo via Shutterstock

Pre-Market Outlook

Dow Dips 200 Points Ahead Of Inflation Data: Investor Sentiment Edges Higher, Fear Index Remains In 'Greed' Zone

Leading cryptocurrencies slid on Monday as investors braced for a rise in consumer inflation.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-0.20%</td><td>$118,905.51</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-0.26%</td><td>$4,272.96</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.75%</td><td>$3.14</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-3.80%</td><td>$175.26</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-4.06%</td><td>$0.2246</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Reversal After Sunday&#8217;s Rally</h2>



Bitcoin retreated sharply following the surge to over $122,000 on Sunday. The apex cryptocurrency dropped to an intraday low of $118,159.03, with trading volume increasing 38.31% in the last 24 hours.



Ethereum also had a volatile session, ranging between $4,350 and $4,168.87, while trading volume soared 44% in the last 24 hours.



ETH's market dominance remained above 13%, while Bitcoin's share narrowed to 59%



Over $550 million was liquidated from the cryptocurrency market in the last 24 hours, with $357 million in long positions wiped out.&nbsp;



That said, over $1 billion in Bitcoin shorts risked liquidation if the apex cryptocurrency surged to its all-time highs near $123,000.



Bitcoin's open interest rose marginally by 0.07% in the last 24 hours, with derivatives traders on Binance split between taking bullish and bearish bets on the cryptocurrency.



The "Greed" sentiment weakened in the last 24 hours, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Ethena (ENA)&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+9.22%</td><td>$0.8317</td></tr><tr><td>Raydium (RAY)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+8.95%</td><td>$3.36</td></tr><tr><td>Lido DAO (LDO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+7.39%</td><td>$1.46 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.98 trillion, growing by 1.19% in the last 24 hours.



<h2 class="wp-block-heading">CPI Report Looms</h2>



Stocks slid on Monday. The Dow Jones Industrial Average fell 200.52 points, or 0.45%, to end at 43,975.09. The S&amp;P 500 dipped 0.25% to close at 6,373.45, while the tech-focused Nasdaq Composite lost 0.30%, ending at 21,385.40.



Investors will have their eyes peeled on <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47035519/july-inflation-preview-trump-tariffs-price">July's consumer price index report</a>, slated for Tuesday, with Wall Street economists forecasting a third consecutive monthly increase.



Meanwhile, President Donald Trump signed an executive order to extend the <a href="https://truthsocial.com/@realDonaldTrump">tariff suspension on Chinese imports</a> for another 90 days.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdm81aBzG1Ws1ZlJ7C1xtC0kY_2HfBpShS-FRV1kz4WTesvYmEo-gDD7_RuWa-gbplwSaJk59EEP9HLMffFmdp2FPbJCUd__sn6nFVrRY42fOaOPEKtRndi11JsMc_rdxGEtitcvA?key=_bqV11eqSfPSyZMCqBuy6g" alt=""/></figure>



<h2 class="wp-block-heading">ETH Set For $10,000?</h2>



Investor and entrepreneur Ted Pillows dubbed Ethereum the "fastest horse to bet on," given it was still 15% off its 2021 highs, compared to new highs in Bitcoin, gold and stocks.



"For 2025, ETH has the most upside potential and institutional demand is the reason behind it. $10,000 Ethereum is coming this cycle," Pillows predicted.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I told you that <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is the fastest horse to bet on. And the rally isn&#39;t done yet.<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>, Gold, SPX have all made new highs in 2025, but <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is still trading 15% below its 2021 highs. For 2025, ETH has the most upside potential and institutional demand is the reason behind it.… <a href="https://t.co/XpJxXPXliV">pic.twitter.com/XpJxXPXliV</a>&mdash; Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1954895828637917381?ref_src=twsrc%5Etfw">August 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Michaël van de Poppe, a widely followed cryptocurrency analyst, highlighted a bearish daily candle on Bitcoin, anticipating further downsides.



"It has taken all the liquidity on the highs and immediately inversed towards the range high resistance," the analyst said. "Wouldn&#8217;t be surprised if we&#8217;ll test $116,800 before continuing.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don&#39;t like this daily candle on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. It has taken all the liquidity on the highs and immediately inversed towards the range high resistance. Quite ugly daily candle. Wouldn&#39;t be surprised if we&#39;ll test $116.8K before continuing. <a href="https://t.co/BiYtBLEtfG">pic.twitter.com/BiYtBLEtfG</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1954972993706483736?ref_src=twsrc%5Etfw">August 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo Courtesy: Travis Wolfe on Shutterstock.com



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/47039006/bitcoin-ethereum-entering-pivotal-bull-market-phase-heres-what-it-means">Bitcoin, Ethereum Entering Pivotal Bull Market Phase—Here&#8217;s What It Means</a></li>
</ul>

Bitcoin Dips Ahead Of CPI Release; Ethereum, Dogecoin Also Slide: Analyst Calls ETH The 'Fastest Horse To Bet On,' Eyes $10,000 Target

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