Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.
Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
UK Economy Exceeds Growth Forecasts
The UK economy demonstrated unexpected resilience in the second quarter, achieving a 0.3% growth rate that surpassed initial forecasts. This robust performance, which included a 0.4% expansion in June alone, suggests the economy has effectively navigated challenges such as US tariffs and domestic tax increases. Economists, including Andrew Wishart from Berenberg, interpret this data as a positive indicator of improving productivity.
Such productivity gains, if sustained, could potentially reduce the necessity for substantial tax hikes by the Office of Budget Responsibility in forthcoming budgets. Despite this positive momentum, the Bank of England is widely anticipated to maintain current interest rates until next year, though some analysts still consider a November rate cut possible due to softer underlying economic details.
Chinese Brands Redefine Engagement
The 'ugly-cute' Labubu figurines by Pop Mart are revolutionizing global consumer engagement. Sold in blind boxes that leverage gaming mechanics for surprise and repeat purchases, these collectibles have propelled Pop Mart to significant financial growth, with RMB 6.65 billion in revenue and tripled profits in the first half of 2024. This success is largely driven by a vibrant fan community and viral marketing, notably after Blackpink's Lisa was seen with a Labubu doll, triggering a massive TikTok surge.
Beyond Labubu, Chinese brands are pioneering a new approach to brand strategy by monetizing emotion at scale. Companies like Heytea treat product launches as major events, fostering deep emotional attachment through luxury collaborations, while brands like Xiaomi build lifestyle platforms by involving their fan communities in product development. This strategy transforms intellectual property into a new asset class, exemplified by rare Labubu figurines fetching substantial resale values, sometimes with blockchain verification, highlighting a shift towards community-driven cultural exports.
BYD achieved record sales in India, selling 3,000 units weekly amidst geopolitical challenges and increased competition from Tesla's expansion.
Bolt Projects Holdings Inc. stock plunged over 25% in pre-market trading, a day after a 557% surge.
Tesla's sales in Norway surged 24% in the first half of 2025, contrasting with a decline across other European markets.
U.S. stock futures showed mixed performance on Thursday following a Wednesday rally for major benchmark indices.
The EU's ambitious $750 billion U.S. energy deal, aimed at avoiding tariffs, faces significant feasibility doubts from experts due to supply and technical limitations.
Elon Musk is ordered to face OpenAI's harassment claims while also threatening Apple with an antitrust lawsuit over his AI app Grok, escalating tech rivalries.
Bitcoin Reaches New Milestones Amidst Bullish Indicators
Bitcoin has surged to an unprecedented all-time high, surpassing $124,000. This remarkable ascent has also seen the cryptocurrency overtake Google in market capitalization, establishing Bitcoin as the fifth-largest asset globally. This growth is largely driven by increasing expectations for Federal Reserve interest rate cuts and robust institutional demand.
Adding to the bullish sentiment, Bitcoin's realized price has broken above its 200-week moving average (200WMA). According to historical on-chain data analyzed by Glassnode, this technical event has consistently preceded significant and extended price rallies, signaling potential for further upward movement.
The cryptocurrency market is experiencing a period of heightened optimism, bolstered by a more accommodating regulatory environment in the United States and a growing trend of corporations integrating Bitcoin into their treasury strategies. Analysts are closely watching the $125,000 level, as a sustained breach could pave the way for Bitcoin to reach $150,000.
Bullish Trend Signals Altcoin Market Surge
The combined market capitalization of altcoins, represented by the Total2 chart, is rapidly approaching its all-time high, indicating a strong bullish trend across the cryptocurrency landscape. This metric, which excludes Bitcoin's market cap, recently reached $1.69 trillion, just shy of the previous record of $1.71 trillion. This surge suggests significant investor confidence in the broader altcoin market.
Technical analysis further supports this optimistic outlook. The Total2 chart has decisively broken out of a long-standing descending trendline that originated from its prior peak. While a retest of this breakout level is possible, key indicators such as the Stochastic RSI and Relative Strength Index are signaling continued upward momentum, reinforcing the positive trajectory for altcoins.
This robust performance underscores a broader altcoin rally, with various digital assets experiencing significant gains. For instance, Cardano (ADA) has been among the notable performers, contributing to the overall market surge. The current market dynamics suggest a sustained period of growth for the altcoin sector, potentially leading to new record highs.
Hyperliquid, a specialized Layer 1 blockchain, has surpassed Ethereum in daily fee revenue, demonstrating the growing success of niche platforms for perpetual futures trading.
Consistently outpacing Ethereum since early July, Hyperliquid's over $4 million in 24-hour fees highlights a significant market shift towards specialized blockchain solutions attracting high liquidity.
Spot Ether ETFs have recorded their strongest week to date, attracting a substantial $2.27 billion in net inflows, signaling robust institutional interest in the asset.
Alongside Ether ETFs, spot Bitcoin ETFs also saw strong daily inflows of $86.9 million, contributing to cumulative holdings of 1.3 million BTC, underscoring growing digital asset adoption in traditional portfolios.
Major cryptocurrencies including Avalanche (AVAX), Starknet (STRK), and Arbitrum (ARB) are scheduled for significant token unlocks throughout August, which could impact their circulating supply and market prices.
