BITPRISMIA
Bullish, a crypto exchange, closed 89% above its IPO price after a volatile NYSE debut, with its bitcoin treasury providing a competitive edge in spot and derivatives markets.
Circle plans to launch a layer-1 blockchain called Arc to underpin stablecoin finance, following strong USDC growth and strategic partnerships, despite a quarterly net loss attributed to IPO-related charges.
President Donald Trump's executive orders have given crypto investors optimism by directing the Labor Department to reexamine fiduciary responsibilities around alternative assets and addressing 'debanking' practices, though actionable progress may take time.
The Federal Reserve's dual mandate is creating policy conflicts as inflation rises above the 2% target and a weak jobs report complicates monetary decisions, with attention now turning to the upcoming Jackson Hole Symposium for further guidance.
The Federal Reserve's policy is diverging from other central banks like the ECB and BOE, with a high likelihood of a rate cut in September 2025, while emphasizing data-driven decisions amid economic uncertainties.
Wall Street analysts predict a potential double-digit decline in the S&P 500 due to overextended market gains, weakening economic data, and historical August volatility.
US equities rebounded after a dip caused by the July jobs report, with investors closely monitoring further fallout and potential Fed policy implications.
Coinbase reports a Q2 revenue decline but remains focused on expanding its offerings, including tokenized equities, amid a new regulatory environment, while competitor Robinhood also sees a drop in transaction revenue.
Federal Reserve Chair Jerome Powell dismissed speculation about a September rate cut during the FOMC meeting, with odds of a cut dropping from 58% to 39%. The decision reflects cautious economic assessment amid labor market risks and inflation data.
Analysts have mixed outlooks on Coinbase ahead of its Q2 earnings, citing weak trading volume and regulatory progress as key factors influencing its performance.