Trump Announces Fed Chair Pick - His Choice Surprises Markets

Amazon is accelerating development of **AI chips** designed to undercut Nvidia's pricing dominance in the artificial intelligence hardware market. The tech giant is positioning its upcoming **Trainium 2 AI training chip** as a cost-effective alternative to Nvidia's expensive GPU solutions. This move represents Amazon's strategic push to reduce dependency on external chip suppliers. **Key developments:** - Amazon targeting lower-cost AI chip production - Trainium 2 launch aims to challenge Nvidia's market position - Part of broader effort to build internal chip capabilities This development could reshape the AI hardware landscape, potentially offering businesses more affordable options for AI training and inference workloads. [Read full details](https://wallstmemes.com/news/tech/amazon-plans-to-make-ai-chips-cheaper-than-nvidia-and-jensen-huang-is-not-happy-about-it/?utm_source=Twitter&utm_medium=Wallstmemes+-+Twitter&utm_campaign=Articles)

**YouTubers are expanding beyond content creation** into financial services, launching their own platforms in 2025. This trend follows earlier predictions from social media executives about platforms becoming comprehensive financial ecosystems. In June, a major platform CEO stated users would soon be able to "live your whole financial life on the platform." **Key developments:** - Content creators diversifying revenue streams - Social platforms integrating financial services - Shift toward creator-led financial products The move represents a significant evolution in how digital creators monetize their audiences and build sustainable businesses beyond traditional advertising revenue.

A Trump-themed cryptocurrency experienced a dramatic **40% price drop** within just 26 minutes, highlighting the extreme volatility in meme token markets. The sharp decline demonstrates the **speculative nature** of politically-themed cryptocurrencies and their susceptibility to rapid price swings. Key factors contributing to such crashes typically include: - Market manipulation concerns - Low liquidity in meme tokens - Investor sentiment shifts - Competing token launches The incident underscores the **high-risk nature** of meme coin investments, where prices can fluctuate dramatically in short timeframes. This volatility pattern is common among celebrity and politically-themed tokens, which often see extreme price movements based on news cycles and social media sentiment. Investors should exercise caution when trading such speculative assets and be prepared for significant losses.

A trader generated **$442,000 in profits** by executing over 15,000 scalping trades on Polymarket, the decentralized prediction market platform. The massive trading volume highlights the growing activity on prediction markets, where users bet on real-world events and outcomes. - **15,064 individual trades** executed - **$442k total profit** generated - Strategy focused on **short-term price movements** The success story raises questions about tax implications for high-frequency crypto trading, as the trader will need to report thousands of individual transactions. Polymarket has seen increased adoption as traders seek opportunities in prediction markets covering politics, sports, and current events.