Labor participation falls to 61.4%, lowest since early 2021, as US economy sheds jobs
The declining labor participation and job losses could dampen consumer spending, potentially slowing economic growth and complicating Fed policy. The post Labor participation falls to 61.4%, lowest since early 2021, as US economy sheds jobs appeared first on Crypto Briefing....
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Fed to maintain wait-and-see approach on interest rates: Nuveen strategist
The Fed’s cautious stance may stabilize markets but hinges on economic data, potentially impacting future monetary policy and financial conditions. The post Fed to maintain wait-and-see approach on interest rates: Nuveen strategist appeared first on Crypto Briefing....
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Fermi secures AI tenant for Texas data center, stock surges over 19%
Fermi’s deal with TensorWave highlights the growing demand for AI infrastructure, potentially reshaping the data center market landscape. The post Fermi secures AI tenant for Texas data center, stock surges over 19% appeared first on Crypto Briefing....
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Bitcoin falls 20% over 90 days as S&P 500 rises 5%
Bitcoin’s decline amid rising equities highlights its vulnerability to market-specific factors, challenging its role as a stable asset. The post Bitcoin falls 20% over 90 days as S&P 500 rises 5% appeared first on Crypto Briefing....
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Goldman Sachs employees named as suspects in Brazil fraud probe
The probe highlights the risks of opaque ownership structures, potentially impacting investor trust and regulatory scrutiny in emerging markets. The post Goldman Sachs employees named as suspects in Brazil fraud probe appeared first on Crypto Briefing....
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Anthropic secures $9.1B power deal with Riot Platforms for AI infrastructure in Texas
This deal highlights a shift in the crypto mining industry towards stable AI infrastructure revenue, redefining them as energy businesses. The post Anthropic secures $9.1B power deal with Riot Platforms for AI infrastructure in Texas appeared first on Crypto Briefing....
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ADA’s Rally Hits a Wall: Analyst Warns a 25% Drop Could Be Next
Cardano’s native token is among the top-performing cryptocurrencies on a monthly scale, with its price rallying by 15% within that period. However, the bulls seem to have lost momentum, while popular analyst Ali Martinez outlined some important factors that could trigger a major short-term decline. Going Down Again? ADA...
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MoneyGram expands on Solana with global crypto-to-cash service
Wallets and apps on Solana can now tap MoneyGram’s global network to move between digital assets and local currencies....
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Broadridge processes $8 trillion in July through blockchain repo platform
Broadridge Financial Solutions has processed $8 trillion in repo transactions through its blockchain-based Distributed Ledger Repo platform during July, with average daily volume reaching $365 billion. According to Broadridge’s Aug. 10 announcement, average daily activity on the platform rose 28%…...
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MiCA deadline left 1,062 EEA crypto firms without authorization
Only 281 of 1,343 crypto service providers operating across the European Economic Area have secured MiCA authorization after the EU’s final transition period expired on July 1, leaving more than 1,000 firms without approval under the bloc’s licensing regime. According…...
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