Canadian secession-law shaping when Canada negotiates potential splits
Apollo Global Management is in talks to back the Yankees with a debt-heavy financing package worth about $3 billion, as the franchise seeks to refinance obligations and fund expansion. The deal would mark Apollo’s largest US sports investment and underscores the growing financial heft of professional sports.
The Senate and House are pressing ahead with scheduling amid talks on government funding, crypto regulation, and voting integrity. Republicans push for votes on the SAVE Act and the CLARITY Act, while Democrats warn that bipartisan support is required to avert a lapse in funding and to address other urgent policy items.
The Senate has advanced the Lindsey Graham sanctions bill, with bipartisan support and a high-profile backdrop including Zelenskyy’s Washington visit. The package targets Russia’s energy sector and its so-called “shadow fleet,” while expanding sanctions to Iran. House passage remains uncertain as August recess looms.
Lawmakers have advanced a stopgap funding package to keep the government running through Dec. 11, while negotiations over full-year funding and policy riders continue. The measure blocks funding transfers to border enforcement, delays a hemp ban by one month, and avoids a government shutdown ahead of midterm elections.
Bitcoin has moved higher, aided by a surge in crypto stocks after the Treasury Department signs a plan to double debt buybacks. The rally has buoyed Bitcoin toward the low $70,000s, but remains below the mid-January and all-time highs. Democrats and Republicans debate regulatory scope as the Clarity Act looms, with the market awaiting further clarity.
Bitcoin has climbed this week as the Treasury Department doubles long-dated debt buybacks, easing yields and attracting buyers across crypto and risk assets. Trump pushes a crypto bill while inflation and debt concerns loom; analysts see potential for further gains but warn of a reversal if hawkish signals prevail.
Bitcoin has rallied further amid a spike in risk appetite after the Treasury Department doubled long-dated bond buybacks, fueling demand for risk assets. Traders are weighing whether the move is sustainable as a major rally continues into the week.
Investors are reassessing the debasement thesis as a nearly $40 trillion national debt and persistent deficits keep inflation in focus. Gold and bitcoin rally while long-dated yields show resilience; Nvidia results and policy moves remain key watchers.
A procedural vote on the Clarity Act has failed to reach the 60-vote threshold in the Senate, leaving the crypto-regulation bill in limbo as lawmakers head into the midterms. The measure, which would establish a federal framework for digital assets, faces divided support and ongoing opposition over ethics provisions and broader regulatory concerns.
Bitcoin has surged to fresh highs near $85,000, with investors wagering that a longer crypto bull run is underway amid easing regulatory concerns and improving on-chain fundamentals. Major benchmarks show continued inflows into spot ETFs and rising open interest as traders add leverage in a recovering market.