Crypto-linked equities advanced during a mixed week despite the CLARITY Act failing to advance, with Bitcoin rising 5.5% to $80,588 on Friday. Strategy gained 15.1% for the week, including 13.6% on Friday, while Coinbase rose 11.9%, Riot Platforms added 7.4% and Robinhood climbed 5.3%. Bernstein analyst Gautam Chhugani said negotiations had broken down over the ethics provision and that investors should not count on a re-vote given the limited time window. He expects the next catalysts to come from rule-making by the CFTC (U.S. derivatives regulator) and SEC (U.S. securities regulator), which he believes will be aggressive and swift. Chhugani said he would buy weakness in crypto stocks, particularly companies linked to tokenization (creating blockchain-based representations of assets), perpetual futures (derivatives without an expiry date), stablecoins (cryptocurrencies designed to track stable values) and prediction markets. Generac gained 10.9% for the week after disclosing a long-term supply agreement with Amazon covering $2.4 billion in backup-generator deliveries during 2027 and 2028. Jefferies analyst Tanner James maintained a Buy rating and $286 price target, describing the arrangement as a landmark Amazon partnership and saying its value could reach $8 billion. Tempus AI rose 29.7% after a Morgan Stanley conference presentation highlighted data and diagnostics as growth drivers. J.B. Hunt fell about 14% for the week after warning that earnings would decline 5% to 10% between the second and third quarters. Bank of America was down about 8.7% after CEO Brian Moynihan projected third-quarter investment banking fees of $1.6 billion to $1.8 billion, at least 10% below the year-earlier period.