Crypto shares gained in overnight trading. SharpLink Gaming rose more than 5%; Cipher Mining up more than 3%; MARA Holdings up 2%; Strategy, CleanSpark, Coinbase up over 1%.

Earlier Sunday, bitcoin (BTCUSD) hit a new record high at $119,487. Last week, bitcoin topped the $111,000 level for the first time, and Katie Stockton, founder and managing partner at Fairlead Strategies, said bitcoin could ride its current momentum to around $134,500 after its latest technical breakout. Bitcoin has rallied about 10% over the past week, and has gained about 27% year to date.

On Saturday, Trump threatened new 30% tariffs on goods from the European Union and Mexico, effective Aug. 1. That came after the Trump administration last week announced a 35% tariff on Canadian goods, and tariffs of 25% on imports from Japan and South Korea, also effective Aug. 1.

Tesla stock rose nearly 1% in overnoght trading. Tesla has launched a new software update for its vehicles that includes the anticipated integration of Grok.