Crypto analyst Crypto Rover (@rovercrc) tweeted that the markets currently expect a 92 percent chance that Federal Reserve will cut rates in September. The positivity is after a poor July jobs report, whereby the economy has been recording a decrease in the labor market, adding only 100,002 instead of expected 226,000 jobs in this report.
South Korea’s digital landscape is buzzing with a groundbreaking development! Kakao Group, the powerhouse behind the nation’s leading messaging platform, is making a bold and strategic leap into the digital currency space. This significant move involves forming a dedicated Kakao stablecoin task force, signaling a major blockchain initiative designed to reshape financial services. It’s a
This is a segment from The Breakdown newsletter. To read more editions, subscribe. “There are three kinds of lies: lies, damned lies, and statistics.” — Mark Twain The 2004 edition of the Economic Report of the president included a creative proposal it hoped the statistical agencies would consider: reclassifying fast-food cooks as manufacturing workers. ”When
Today, Semler Scientific (Nasdaq: SMLR) shares rose over 2.64% to $35.37 after the company released its second quarter 2025 financial results, reporting an increase in net income driven by unrealized gains from its Bitcoin holdings. Semler Scientific Reports Second Quarter 2025 Financial Results, BTC Holdings of 5,021 and BTC Yield of 31.3% YTD through July
Grayscale Investments has expanded its executive team and board as part of its “next phase of growth,” adding four financial industry veterans to key leadership roles and reappointing founder Barry Silbert as board chairman. The expanded leadership team includes Diana Zhang as chief operating officer, Ramona Boston as chief marketing officer, Andrea Williams as chief
Bridgewater Associates founder Ray Dalio says the US government needs to rethink how it comes up with its economic data. Over the weekend, President Donald Trump fired the head of the Bureau of Labor Statistics, Erika McEntarfer, because of a large downward revision of job numbers. On Friday, the BLS revised down the job growth
During the months-long debate over stablecoin legislation this spring, crypto industry leaders tried, and failed, to notch a key victory: getting lawmakers on board with interest-bearing stablecoins. The GENIUS Act, which formally legalizes approved stablecoins in the U.S. and was signed into law last month, now prohibits stablecoin issuers from engaging in the increasingly common