Some of the urgency is gone for a Fed rate hike in September after a soft jobs report
The chances of a hike remain, with upcoming inflation reports a key focus for Fed officials. Source:MarketWatch
Circle expands USDC to OKX ecosystem with X Layer launch
The rollout gives X Layer users access to Circleissued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems.…
Reform UK chair calls for probe into SBF-linked donation: Report
As the chairman of the Reform UK calls for an investigation into a FTXlinked political donation, the party’s leader prepares to face voters amid his own…
Doximity’s stock skyrockets 50% on medical AI excitement. Can the rally last?
While one analyst thinks Doximity has a compelling AI opportunity, another worries that the company could cannibalize its core business of medical networking.…
Bitcoin price tags $65.3K August high as low US jobs numbers cool Fed rate bets
Bitcoin hit monthtodate highs above $65,000 as riskassets gained on low US nonfarm payrolls data. Source:Cointelegraph
How a five-second trick let traders drain millions from Polymarket
After months of public warnings from onchain analysts, the prediction market is moving to timeweighted prices to make artificial price pushes too costly.…
Michigan says it’s OK to start eating salads again as cyclospora outbreak wanes
The state, which has been at the center of the biggest cyclospora outbreak in the U.S., said this week that the number new cases of cyclosporiasis has fallen.…
I’m an unemployed software developer who is skeptical of AI. Can I still find a job in tech?
“I was approached by one company who wants to use AI to dispatch ambulances.” Source:MarketWatch
Russia cracks down on unlicensed crypto exchanges it claims are linked to Ukraine
The FSB said at least 20 individuals were arrested in connection with a ring that scammed an undetermined number of Russian citizens. Source:CoinDesk
U.S. unexpectedly shed 23,000 jobs in July, putting Fed rate hikes in question
The chances of a Federal Reserve rate hike at its next meeting in September have slipped below 50% in the aftermath of the report. Source:CoinDesk
Russia cracks down on 9 crypto exchanges in Moscow City
Russia has shut down nine unregistered crypto exchanges in Moscow, with the FSB alleging they helped move scam proceeds abroad through Ukrainian call centers.…
Binance Bitcoin volume ratio hits record as futures outweigh spot eight times over
Binance saw a record divergence between daily spot and futures trading volumes, with the latter reaching nearly $58 billion. Source:Cointelegraph