Michigan Pension Fund Bets on Bitcoin 💰

Author

Ryan Serkes
August 06, 2025

Hi everyone, here is your 📈 Daily Trade.

Here's what's happening today:

💰 Michigan pension fund boosts Bitcoin holdings
👔 Trump narrows Fed chair candidates to four
🤝 LendingClub and BlackRock partner on $1B loan transactions
🔧 Intel faces hurdles with new chip manufacturing process
⛽ US rig count decline threatens oil output
🎁 +8 other news you might like

In partnership with

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💰 Michigan Pension Fund Expands Bitcoin Holdings Significantly Link
  • Michigan's state pension fund now holds $10.7 million in Bitcoin ETFs.
  • The fund's Bitcoin exposure has tripled since the previous quarter.
  • This move aligns with broader trends of institutional interest in crypto.
👔 Trump Narrows Down Fed Chair Candidates, Excludes Treasury Secretary Link
  • President Trump has shortlisted four candidates for the next Fed chair.
  • Treasury Secretary Scott Bessent is not among the considered candidates.
  • Trump's decision could influence the future direction of U.S. monetary policy.
🤝 LendingClub and BlackRock to Collaborate on Billion-Dollar Loan Initiative Link
  • LendingClub and BlackRock agree on a $1 billion investment through 2026.
  • The partnership underscores the strength of LendingClub's marketplace programs.
  • This deal is part of BlackRock's ongoing investment in LendingClub's offerings.
🔧 Intel Faces Challenges with New Chip Manufacturing Process Link
  • Intel's new 18A process is struggling with quality issues.
  • The company aims to compete with TSMC in high-end chip production.
  • Yield improvements are critical for Intel's future manufacturing success.
⛽ Declining U.S. Rig Count Threatens Future Oil Production Link
  • The U.S. rig count is declining, risking a drop in oil output.
  • Efficiency gains may not offset the reduction in active rigs.
  • Analysts predict a significant decrease in U.S. onshore production.

Other news & articles you might like

  • 🍬 Sucro consolidates ownership of Sweet Life Services (Link)
  • 📊 ARMOUR Residential REIT announces stock offering (Link)
  • 🎙️ Rumble and Cumulus Media announce strategic partnership (Link)
  • 💧 California Water Q2 EPS jumps 27% (Link)
  • 🔒 Owl Cyber Defense wins $150M Air Force contract (Link)
  • 🔋 SolarMax awarded $127.3M battery storage contract (Link)
  • 🏥 Trump's law impacts health in ACA-resistant states (Link)
  • 🧪 Third Party Chemical Distribution Market to hit $460.92B (Link)

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