U.S. nonfarm payrolls rose by just 57,000 in June, well below the 110,000 forecast, while the jobless rate edged down to 4.2%. Markets responded by cutting the probability that the Federal Reserve will keep rates unchanged in September to 45%. Major U.S. stock indexes rose, with the Dow finishing at a record 52,900.07, the S&P 500 slightly higher and the Nasdaq modestly lower. The data shift directly reset rate expectations and served as a near-term trading catalyst for equity benchmarks.

Peter Schiff argued that MicroStrategy (Strategy) has hit a dead end in its Bitcoin accumulation playbook, warning it is sliding into a “death spiral.” He said the “digital gold” narrative around Bitcoin has misled investors and weighed on gold’s performance by diverting inflation-hedge demand. Schiff predicted a Bitcoin collapse would unwind that misconception and push money back toward gold. He added that with real rates staying negative, he expects gold to base at $4,000 and challenge $6,000 next year.

SharonAI Holdings (SHAZ) shares fell 6.57% to $79.10 in a single session. The drop followed a Bloomberg report that Meta is advancing an internal “Meta Compute” initiative that could sell AI model access and surplus GPU computing capacity to external customers. Investors see a potential direct challenge to SHAZ’s AI infrastructure-as-a-service business and its pricing power as the company pursues a recently announced $1.6 billion financing for expansion in Australia and Asia-Pacific.

Meta is advancing an internal “Meta Compute” initiative to rent its AI infrastructure and computing capacity to external customers, Bloomberg reported, in a model similar to CoreWeave. The report fueled concerns that competition in the AI cloud market could intensify. CoreWeave shares fell 10.55% in a single session to $89.04. The article notes that Meta’s data centers, AI chips and model ecosystem could pressure GPU rental pricing if idle compute is opened to third parties, while technical indicators show the stock remains under multiple moving averages.

Bloom Energy (BE) rose 13.97% to $345 in after-hours trading, bringing its gains to more than 24% on the day. The stock is up about 20.5% over the past month and roughly 269% year-to-date. The move followed partner Brookfield’s decision to raise its financing framework for AI infrastructure-related power projects from $5 billion to $25 billion, calling Bloom a key clean power provider for expanding AI compute.

Open USD officially launched on Tuesday, backed by more than 140 companies including Visa, Mastercard, Stripe, Shopify and Coinbase, and it says it offers zero-fee minting and redemptions along with shared reserve earnings. The debut has heightened concerns it could erode Circle’s USDC market share and put pressure on Circle’s business model. Circle Internet Group shares fell 16.3% to $63.57, marking a year-to-date low and forming a technical “death cross.” USDC’s market capitalization has declined to $73.7 billion from a year-to-date high of $80 billion.

Amazon’s Prime Day generated about $26.4 billion in U.S. online retail spending, up 9% year over year, with an estimated $7 billion to $8 billion of sales pulled into the second quarter from the third. On the cloud side, AWS implemented a roughly 20% price increase effective July 1 for certain GPU-heavy EC2 Capacity Blocks, after a prior 15% hike in January. Bank of America said the adjustment could add an estimated 1–2 percentage points to second-half AWS growth as large customers such as OpenAI and Anthropic expand commitments on AWS. The firm lifted its expectations for Amazon’s second-half growth and profitability, even as AMZN shares have been under near-term pressure.

SharonAI said it has closed a $1.6 billion private placement financing, including $900 million in Class A ordinary shares and prefunded warrants and $700 million in convertible notes. The company said it plans to use the proceeds to support a previously announced six-year compute collaboration with NVIDIA, including deployment of up to 40,000 Grace Blackwell GB300 GPUs in Australia. Goldman Sachs served as lead placement agent.

Donald Trump said on Truth Social that gas stations should cut retail gasoline prices immediately and aim for about $2.50 a gallon, warning of “big problems” if they do not. He also said he had directed the Justice Department to look into alleged price gouging by oil companies. AAA put the U.S. average gasoline price at $3.86 a gallon, with California around $5.45. WTI traded near $70.36 a barrel and Brent near $73.61, while BNO and USO edged up on the day but were down more than 17% over the past month.