The July jobs report released today by the Bureau of Labor Statistics (BLS) revealed that the US economy shed jobs in July, a result almost no one forecast, and it landed nine days after the most divided Federal Reserve meeting in a decade. Nonfarm payrolls fell by 23,000, against expectations of an 80,000 gain, and
Senate Majority Leader John Thune (R-S.D.) confirmed that the Senate will not vote on the Clarity Act before its August recess, pushing the crypto market structure bill into September after Democrats withheld the consent needed to bring it to the floor. Politico first reported that Republican leaders expected to leave Washington without taking up the
Western Union has announced the launch of Stablecard, a digital wallet and Visa card that lets customers receive money transfers as a dollar stablecoin and spend the balance anywhere Visa is accepted. Built with the stablecoin platform Rain, it went live on August 4 across 37 markets, with the company targeting more than 60 by
BlackRock has launched Ethereum-based tokenized share classes for several European money market funds, extending part of its $311 billion Institutional Cash Series (ICS) onto blockchain infrastructure. The rollout marks the asset manager’s first tokenized fund offering in Europe and expands its efforts to integrate traditional financial products with blockchain-based ownership and settlement. Built on Kinexys by
American Bitcoin Corp. (Nasdaq: ABTC) expanded its treasury to more than 8,000 BTC after delivering its strongest quarterly mining performance to date, increasing production and revenue while narrowing losses despite a weaker market for digital assets. The Hut 8 majority-owned subsidiary reported on August 3 that it held approximately 8,002 BTC as of June 30,
The Bank for International Settlements (BIS) confirmed on 30 July 2026 that Project Agorá completed real-value testing, with JPMorgan, Citi, UBS and 25 other private sector institutions joining five central banks to settle roughly CHF 800,000 in live cross-border payments using tokenized central bank reserves and commercial bank deposits. The live run carries Agorá past
Rivian did something unusual in a week dominated by expanding artificial-intelligence budgets: it told investors it could spend less, lose slightly less and still deliver more vehicles. Shares closed 2.9% higher at $16.83 on Thursday ahead of the results, then added about 2% after hours to around $17.24. The move was modest, but the signal
Cathie Wood’s Ark Invest reduced positions in four crypto-linked companies on Wednesday, selling shares of Bitmine Immersion Technologies (BMNR), Block (XYZ), Bullish (BLSH) and Robinhood (HOOD) as each stock ended the session lower. The transactions, disclosed in Ark Invest’s daily trading report, follow months in which the investment manager increased exposure to several digital asset
The Nairobi Securities Exchange has signed a memorandum of understanding with Tether, the issuer of the world’s largest stablecoin, to explore tokenizing securities, building blockchain-based market infrastructure, and potentially using USDT as a settlement layer on the exchange. The MoU, signed on 28 July, moves a stablecoin issuer toward the plumbing of a national capital
Flipster, a global cryptocurrency trading platform, has secured a full operational Exchange licence from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing the company to offer regulated virtual asset services in the United Arab Emirates. The licence, issued to Flipster FZE under Licence No. VL/26/07/002, upgrades the company’s earlier in-principle approval to full operational status under