Enrique Abeyta:

Trump Discloses Over $1.2 Billion in Crypto Earnings, $50M in Bitcoin Holdings

The U.S. office of Government Ethics released President Donald Trump's annual financial disclosure on Tuesday, revealing sizable earnings from his various cryptocurrency ventures in 2025.

The report, which totals over 900 pages, details income and financial holdings from the president's many businesses, with crypto featuring prominently among the largest line items.

In total, President Trump earned more than $1.2 billion from crypto ventures. Trump also reported holding over $50 million in Bitcoin and between $5 million and $25 million in Ethereum, among other digital assets.

President Trump earned just over $635 million from his meme coin alone, coming almost exclusively from the royalties related to a licensing agreement with Celebration Coins, according to the filing.

The meme coin, which trades as TRUMP, launched on the Solana network just days prior to Trump retaking office in January 2025. It rocketed up to a multi-billion-dollar market capitalization within hours of launch, but fizzled in the days and weeks that followed. The coin currently trades for $1.66, at a $394 million market cap, down roughly 98% from the all-time high it hit on January 19, 2025.

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Davis Wilson:

📝 Mid-Year Market Report Card

The first half of 2026 is officially in the books. The S&P 500 gained just over 9%. The Dow Jones Industrial Average climbed just under 9%. The Russell 2000 surged more than 21%. But the headline numbers only tell part of the story.

All ten of the best-performing stocks in the S&P 500 are directly tied to semiconductors, memory, AI infrastructure, or the hardware powering the artificial intelligence boom.

On the other hand, Accenture, Cognizant, Workday, Gartner, and Intuit – all businesses whose value is tied to knowledge work, enterprise software, or selling human expertise – faced dismal losses on the year. Investors are asking what happens when AI starts doing more of that work?

In other news, after months of the rally being concentrated in a handful of semiconductor stocks, market leadership finally began to broaden. Financials started participating. Healthcare joined the rally. Small caps surged too.

If the first half of 2026 proved anything, it's that the AI boom is proving much broader than almost anyone expected.

In all, history suggests strong first halves often lead to strong second halves. Nobody knows what the next six months will bring. But after the first half we've just witnessed, I'm optimistic the market still has room to climb.

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James Altucher:

Trump Drops Restrictions on Anthropic’s Mythos and Fable Models

The U.S. has lifted a requirement that Anthropic obtain a license before exporting its Mythos and Fable models abroad, a requirement that effectively cut off public access to what are widely considered the most advanced AI models released to date.

The AI lab said it would begin restoring access to the models on Wednesday, July 1.

On June 12, the U.S. government had added the products to its list of export-restricted technologies, meaning they could no longer be made available to foreign nationals without special approval. Complying with that rule proved impractical at scale, forcing Anthropic to end public access to the models altogether.

Now, after weeks of talks, Secretary of Commerce Howard Lutnick said Anthropic “has agreed to proactively detect and address security risks associated with the models; to work diligently with the U.S. government on protocols and standards and releases for Mythos, Fable and future models; and to inform the U.S. government of any malicious activity.”

Anthropic had already publicly pledged to do much of this voluntarily, months before the export rule existed. That’s part of why cybersecurity experts were skeptical of the restrictions in the first place and viewed them as leverage for the Trump administration.

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