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Crypto

Wall Street banks tighten rules on employee prediction market trading amid insider information concerns

Major Wall Street banks are increasingly restricting employee trading in prediction markets, Cointelegraph reported on July 10. Goldman Sachs, Morgan Stanley and Bank of America tightened internal controls over concerns that staff could use non-public information learned at work to trade event contracts on Polymarket and Kalshi. Separately, the insider trading concern has spread into U.S. politics, with a lawmaker proposing a ban on some officials betting on policy and political outcomes.

Crypto

Wall Street called for $300, but why SpaceX shares fell below IPO price

SpaceX shares closed at $148 on July 8, a second straight day below their $150 first-trade price, despite inclusion in the Nasdaq 100. The stock surged about 50% in its first three sessions after listing, then gave back most gains. The company raised $85.7 billion including a greenshoe after pricing 555.6 million shares at $135. Analysts cite valuation, limited float and pre-positioning ahead of index inclusion as key factors.

Industry

Silicon Valley investors back wheeled robots over humanoids amid skepticism

Although enthusiasm for humanoid robots is spreading, skepticism about human-shaped designs is growing among some Silicon Valley investors. They argue that robots tailored to specific tasks are more efficient in industrial settings and that humanoids can be more about demonstrations than practicality. Funding is moving to wheeled general-purpose robots and industrial automation. Supporters counter that successful humanoids could target manufacturing, logistics, services and homes, and investment in the sector is rising sharply.