James Altucher:

President Donald Trump Said He Will Sign an Executive Order This Week To Bar States From Regulating Artificial Intelligence

President Donald Trump said he will sign an executive order this week to bar states from regulating artificial intelligence.

"There must be only one rulebook if we are going to continue to lead in AI," the president said in a Monday morning social media post. He added that the U.S.'s lead in developing the technology "won't last long" if there are 50 different sets of AI rules in place.

"You can't expect a company to get 50 approvals every time they want to do something," he said. It's not clear whether such an order would kick in immediately or sometime next year.

White House National Economic Council Director Kevin Hassett said Monday that the order would help clarify the regulatory landscape for AI firms.

“There are some states that want to regulate these companies within an inch of their lives,” Hassett said. “This executive order that he’s promised to come out is going to make it clear that there’s one set of rules for American companies in the U.S.”

The order would hand a victory for companies like OpenAI, which has argued that maneuvering through a thicket of differing AI rules is damaging to the sector's competitiveness.

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Chris Campbell:

Strategy’s Bitcoin Treasury Swells Past 660,000 BTC After Fresh $962M Buy

Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying nearly $1 billion in BTC even as digital asset treasury inflows cool and its own stock trades sharply lower on the year.

Strategy chairman Michael Saylor announced on X that the company bought 10,624 Bitcoin for roughly $962.7 million at an average price of $90,615 per coin last week. The move brings Strategy’s total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average price of $74,696.

The move comes during a rough stretch for Strategy’s equity. According to Google Finance, Strategy shares recently traded around $178.99, down 51% over the past 12 months.

Despite this, the company has billions in unrealized gains on its BTC holdings. According to BitcoinTreasuries.NET, Strategy’s current BTC holdings are worth about $60 billion, more than 22% above the firm’s aggregate cost basis.

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Ray Blanco:

AI Data Centers Could Consume Half a Million Tons of Copper Annually by 2030

A conventional data center uses between 5,000 and 15,000 tons of copper. A hyperscale data center, on the other hand – the kind being built to run artificial intelligence (AI) – can require up to 50,000 tons of copper per facility, according to the Copper Development Association.

Think about that for a second. A single AI data center that uses more copper than three conventional facilities combined.

That’s why I think the AI story is about much more than just raw compute power. It also involves electrical infrastructure at a scale we’ve never seen before. And these massive facilities have an insatiable appetite for copper.

It’s not hard to see why the red metal has been on fire in 2025. Just this week, it hit a fresh record high, surging past $11,705 per metric ton on the London Metal Exchange (LME), an increase of 32% from the start of the year. (And if you think that’s impressive, consider that gold, silver and copper are all reaching new all-time highs together for the first time in 45 years.)

Read on to learn more about why investment banks are so bullish on copper…

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