The rankings are out for America’s favorite states, and once again Hawaii is at the top of the list. Surprisingly, America’s second-favorite state is the one that’s the least visited. As for least favorite states, Washington, DC (which technically isn’t a state), ranked the lowest, while the official least favorite state was the Hospitality State.
US stocks shook off early losses tied to fresh tariff announcements from President Donald Trump to finish positive on Monday. The S&P 500 inched up 0.1%, the Nasdaq 100 rose 0.3%, and the Russell 2000 advanced by 0.7%.
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Coffee prices have recently surged to an all-time high, hitting $7.93 per pound of ground roast coffee in May — up from $5.99 at the same time last year, according to Bureau of Labor Statistics data. |
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Now, as the Trump administration prepares to impose a 50% tariff on imports from Brazil to the US from August 1, people may have to fork out even more.
- The tariffs could see the world’s biggest coffee grower halt new shipments to the world’s biggest coffee drinker altogether if enacted.
- Per Reuters, the US imported more than 8.1 million 60-kilogram bags of the product — one-third of its total consumption — from Brazil last year.
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With coffee supplies already tightening as droughts have squeezed harvests, wholesale costs could rise as much as 50% if these tariffs take effect, which could translate to a price hike of $0.25 a cup. |
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It’s worth noting that coffee drinkers have had it pretty good for years. Adjusted for inflation, the price of coffee hasn’t gone up that much relative to other stuff. Had coffee tracked the wider rate of inflation over the last 45 years, the $3.21 per pound that we paid back in 1980 would actually be closer to $13 per pound today. |
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If you’ve been around crypto for a while, you’ve heard claims before about some piece of blockchain technology “going mainstream” or crypto causing “inevitable shifts” that didn’t come to pass. Remember NFTs? Once pushed as a solution to everything from solving real estate sales friction to fairly compensating musicians to verifying the provenance of designer bags — and, of course, a way to collect valuable art — now NFTs are mostly mocked as a punchline involving overpriced pictures of animals.
But we’d argue tokenization is different. This year, crypto-native companies and legacy finance institutions have been making substantial plays on tokenizing real-world assets like securities and private credit, a signal that the tokenization narrative has moved from theory to execution. |
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Circle, the issuer of the second-largest stablecoin, USDC, has skyrocketed since its initial public offering. Stablecoins tokenize fiat currencies — in Circle’s case, the US dollar — and act as a building block for the on-chain economy. The ecosystem of stablecoins overall has reached an all-time high in supply at over $254 billion, a nearly 27% increase year to date.
- The global market for tokenization (excluding stablecoins) has risen roughly 60% year over year to an all-time high of $25.48 billion with participation from well-known Wall Street heavyweights.
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Even BlackRock CEO Larry Fink, who said in 2017 that “bitcoin just shows you how much demand for money laundering there is in the world. That’s all it is,” has completely changed his tune. Just read what he said in his 2025 annual letter to investors.
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With Congress kicking off “Crypto Week” yesterday and the Senate’s GENIUS Act moving on to the House, the regulatory environment has never been friendlier toward crypto — especially in the tokenization space, where brokerages are making moves to tokenize stocks, bringing excited investors and their capital along with them. |
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A crypto-friendly US administration and the advancement of blockchain legislation in Congress won’t eliminate all worry and risk. One new vehicle that’s piqued the interest of traders is the tokenization of private companies like OpenAI or SpaceX, though those very companies may not like the idea. While it seems exciting to have a vehicle for investing in companies formerly available only to private equity, one expert warns that it may lead to a “lemons market” dilemma.
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Yesterday’s Big Daily Movers |
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Rocket Lab jumped after Citi analysts raised their price target on the stock to $50 from $33
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Nvidia-backed Nebius shot up double digits after Goldman Sachs initiated coverage and gave it a “buy” rating
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Palantir was one of the top performers, hitting an intraday all-time high and closing at a fresh record
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