Circle reported gross USDC redemptions exceeding mints by about $4 billion in Q2, while doubling its full-year other revenue outlook to $310M-$330M, driven partly by ARC Token presale revenue.
U.S. Treasury yields held steady Wednesday as traders assessed weaker-than-expected ADP private payrolls data and comments from Federal Reserve officials regarding interest rates, alongside developments surrounding the Strait of Hormuz.
Ethereum Improvement Proposal 8361 (EIP-8361) proposes cutting validators' staking yield from 2.6% to 1.2%, threatening DeFi products, lending markets, and leveraged staking loops.
Ethereum developers submitted EIP-8361, a proposal to charge validators a deduction and burn ETH as the staking ratio rises, aiming to counter excessive supply concentration and security risks.
BNY Mellon partners with Galaxy to offer institutional crypto staking within its custody platform, enabling clients to earn rewards without moving assets.
Japan and the US's first joint yen intervention since 1998 may boost Bitcoin and risk assets by increasing global dollar liquidity, despite risks from unwinding yen carry trades and potential impacts on US Treasury markets.
The EU faces slim chances of significantly rebalancing its trade deficit with China, currently at a record €1 billion daily, due to structural economic factors in China and the EU's limited leverage, despite upcoming negotiations and an October deadline for 'tangible' results.
10x Research suggests Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, contingent on Federal Reserve policy and other market risks like miner selling and geopolitical events. Other analyses from Grayscale and K33 also point to an approaching bottom.
U.S. Treasury yields declined Monday, with the 10-year note falling to 4.688%, as oil prices slumped amid hopes of de-escalation in the Iran conflict following President Trump's claims of renewed negotiations. However, Iran's foreign ministry denied any immediate plans for direct talks with the U.S.
Six Bitwise option-income ETFs (ICOI, IMRA, IMST, IGME, ICRC, IETH) ceased trading on July 31, with shareholders holding shares as of August 3 facing automatic cash redemption at the fund's net asset value. The Bitwise Funds Trust board voted on June 30 to liquidate the funds, with final NAV calculation expected August 7 and proceeds around August 10.
The US government sold $44 billion in seven-year debt at a 4.473% yield, significantly higher than June's auction, creating a higher investment hurdle for Bitcoin. The Federal Reserve's subsequent decision to hold rates, despite a divided vote, offered little relief, as investors demand substantial returns on government debt.
Drought and extreme heat in the UK are severely impacting crops like lettuce, broccoli, peas, and carrots, leading to halved yields, significant price increases, and increased reliance on imports from Spain and Holland. Supermarkets warn of threats to Britain's food security.
Allspring Global Investments' Noah Wise recommends investors shift focus to short-term Treasurys, U.S. credit, and Latin American emerging markets for attractive yields, citing the monetary policy backdrop and strong macro fundamentals, with his strategy unchanged by the Fed's recent decision.
US government borrowing costs reached 2007 levels after the Federal Reserve held interest rates steady, fueling investor fears about inflation and the economy's ability to absorb rising prices, with 30-year Treasury yields hitting a 19-year high and stocks falling sharply.
US Treasury yields surge to 2007 highs, attributed to inflation fears due to energy prices, yet TIPS data suggests real yields, not inflation expectations, are rising, potentially impacting crypto attractiveness.
Chinese tech giants are facing increasing market scrutiny to prove that their substantial artificial intelligence investments will generate sustainable profits, mirroring the pressure felt by US tech firms like Meta and Alphabet over their AI spending.
Chinese farms in Shandong province are reporting ultra-high agricultural yields of 3,000 jin per mu through annual two-crop rotations. This achievement echoes the exaggerated claims made during the 1958 Great Leap Forward, which historically led to a devastating famine.
An options trading strategy involves selling a Microsoft strangle post-earnings, targeting a 1.6% yield in 21 days (28% annualized). It leverages implied volatility crush and time decay, with defined downside support at $412.50 and upside resistance at $485, offering acceptable assignment scenarios.
X expands its financial service, X Money, beyond top-tier subscribers, allowing users to manage deposits, payments, and bills within the app, with FDIC-insured deposits at Cross River Bank earning up to 6% APY, positioning it against Venmo, Cash App, and SoFi.
Excavation of a giant stone jar in Laos reveals it was a communal burial site for at least 37 individuals, spanning multiple generations, shedding new light on the mysterious jars' purpose.
U.S. Treasury yields slid on Friday, with the 10-year note dropping over 2 basis points, as oil prices declined following reports of Pakistan exploring U.S.-Iran peace talks. This occurred amidst President Trump's consideration of a "massive attack" on Iran.
India's stand-in bowling coach Sunil Joshi lauded Vaibhav Sooryavanshi for his record-breaking T20I fifty against Zimbabwe, emphasizing focus on his batting while planning gradual bowling development. Joshi also urged patience with emerging all-rounder Suryansh Shedge and praised Ravi Bishnoi's effective run-up adjustment.
Bitcoin dropped below $65,000 as rising oil prices, fueled by Red Sea tanker attacks and US threats against Iran, pushed Treasury yields higher and triggered a broader retreat from risk assets, impacting spot demand and ETF flows.
Brent crude surpassed $100 a barrel after Houthi attacks on Saudi oil tankers, escalating Middle East tensions and prompting a US warning to Iran. This fueled inflation fears, driving Treasury yields higher and causing a market sell-off, while tech stocks experienced volatility due to AI spending plans and regulatory fines.
