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Jul 15 — Fintech megadeal, Japan crypto shift, IBM's worst day
• Stripe and Advent have reportedly bid over $53B for PayPal at a ~28% premium — if it closes, it would be the largest fintech acquisition ever and reshape the global payments industry. • Japan reclassified crypto as a financial asset and slashed its tax rate from up to 55% down to ~20% — unlocking the world's third-largest economy to institutional crypto participation. • IBM shares fell 25% in a single session after its CEO raised concerns about Q2, marking the company's worst trading day on record — a stark signal of how quickly sentiment can collapse around legacy tech.
The skinny
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