3.8 • 950 Ratings
🗓️ 11 July 2025
⏱️ 5 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
0:08.0 | Thanks for joining us on this Friday, July 11th. I'm Julie Morgan. BTC sets a new record. |
0:15.0 | Regulators back off of T-Mobile and the president issues a trade warning to Ottawa. |
0:21.7 | Bitcoin surged to a new all-time high on Friday, fueled by growing institutional interest |
0:27.3 | and supportive signals from the Trump administration. |
0:30.7 | The world's largest cryptocurrency by market cap climbed to a peak of $117,787.70 during the Asian trading session on Friday. |
0:42.0 | Ether, the world's second largest cryptocurrency rose 2.3% to $3,019.8. |
0:49.6 | Other notable crypto gainers included Celestia, Uniswap, Avalanche, and Dogecoin U.S.D, all rising 4.7, 5.5, 2.4, and 2.8% respectively. |
1:03.2 | The rally marks a nearly 26% gain for Bitcoin so far this year, as investors respond to renewed optimism around regulatory clarity |
1:13.3 | and digital asset adoption. The DOJ's antitrust division said Thursday that it is closing its |
1:20.4 | investigation and will not move to block plans for T-Mobile to acquire U.S. cellular. The deal was |
1:26.6 | originally announced in May of 2024. |
1:29.0 | The announcement comes just one day after Team Mobile U.S. revealed it would be discontinuing its |
1:35.5 | diversity, equity, and inclusion programs following pressure from the Trump administration |
1:41.0 | as the company pursued regulatory approval for the U.S. cellular deal |
1:45.5 | and sought FCC clearance for a joint venture to acquire internet service provider MetroNet. |
1:52.0 | Gail Slater, the head of the DOJ's antitrust division said in a statement that customers |
1:57.1 | would be better off with T-Mobile. President Trump announced a 35% tariff on Canada and warned about further hikes if |
2:05.9 | Ottawa decides to retaliate. These tariffs were addressed in a letter to Canadian Prime |
2:11.3 | Minister Mark Carney and shared on truth social. The measure will take effect on August 1st, |
2:17.1 | according to a letter posted on Thursday. |
2:19.1 | The 35 percent duty is a setback for Carney who was trying to reach a trade agreement with Washington, |
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