From Yahoo Finance: 2025-05-24 13:28:00

Kevin O’Leary, once a Bitcoin skeptic, now has 19.4% of his portfolio in cryptocurrency assets, including coins, tokens, and stakes in related platforms and exchanges. He believes in the potential of crypto but wants more regulation to attract institutional investors. O’Leary is focused on two bills: the GENIUS Act, regulating stablecoins, and a market structure bill that could bring in a trillion dollars in investment. Regulatory clarity is crucial for growth, with concerns around custody rules, asset classification, and tax treatment. Stablecoins could revolutionize payments, making transfers faster and cheaper. Big Tech is also eyeing this space. 1. The U.S. economy added 943,000 jobs in July, beating expectations and marking the strongest gain in nearly a year. The unemployment rate dropped to 5.4%, down from 5.9% in June.

2. Researchers have discovered a new species of dinosaur in Chile, named Arackar licanantay. The dinosaur is believed to have lived around 74 million years ago and was a type of herbivorous dinosaur.

3. The Tokyo Olympics have officially begun, with the opening ceremony taking place in a mostly empty stadium due to COVID-19 restrictions. Athletes from around the world are competing in various events over the next two weeks.

4. The CDC has updated its mask guidelines, recommending that even fully vaccinated individuals wear masks indoors in areas with high COVID-19 transmission rates. This change comes as cases continue to rise due to the Delta variant.

5. Tesla has reported record profits in the second quarter, with earnings of $1.14 billion. The electric car company also saw a 98% increase in revenue compared to the same period last year.



Read more at Yahoo Finance: Kevin O’Leary predicts a trillion-dollar crypto rush if Congress passes these 2 bills