SEC Regulatory Reforms & Tokenized Stocks Milestone; Google EU Fine; AI Overviews Publisher Crisis

Tokenized stocks market cap reached $2.3B, a regulatory milestone. Ondo's Oasis Pro Markets cleared to offer tokenized stocks in US. SpaceX IPO fell below $135. SEC semiannual reporting proposal advancing despite opposition. Google fined €890M by EU for first DMA penalty, 60-day compliance deadline, adding regulatory risk for Big Tech. Detailed analysis shows impact on search layout, app store economics, and AI Overviews regulatory risk. New articles highlight that Google's AI Overviews are causing 30-50% traffic drops for publishers, with lawsuits mounting. This structural shift threatens Google's ad business and adds to regulatory scrutiny. Google's Q2 earnings showed precise revenue but vague click data, raising concerns about AI Overviews cannibalization.