Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Strategy aims to go even bigger, Metaplanet get more ambitious with Bitcoin buying plans, and Coinbase highlights shifting altcoin drivers amid an earnings miss. Strategy Double Up Strategy wants its Bitcoin treasury to be the largest corporate
Atlanta Fed President Raphael Bostic told CNBC that July employment data suggests risks in the labor market may be increasing. However, Bostic said it’s too early to change the economic outlook despite the data. “Today’s data and the revisions suggest the economy and labor market may be weakening more broadly than what we’re seeing in
US President Donald Trump announced that he has ordered the immediate dismissal of Bureau of Labor Statistics (BLS) Director Erika McEntarfer following the release of weak employment data in July. In a post on Truth Social, Trump accused McEntarfer of politicizing employment data, calling her a “Biden political appointee.” No concrete evidence was presented for
Crypto exchange-traded funds on U.S. exchanges recorded their strongest month ever in July, attracting $12.8 billion in net inflows as investor enthusiasm surged alongside rising token prices and optimism around regulation. The data, reported by Bloomberg Intelligence’s Eric Balchunas, marks a new monthly record for the sector. The only month that came close was November
Soft U.S. July jobs numbers released Friday morning combined with shocking revisions lower to June and May prints to produce the weakest three-month period of employment growth since the Covid shutdowns of 2020. The data seems likely to put an end to the wait-and-see approach of Federal Reserve Chairman Jerome Powell and set the central
US President Donald Trump announced that he has ordered the deployment of two nuclear submarines near Russia following escalating tensions. This move is being seen as a response to harsh statements by former Russian President Dmitry Medvedev. Trump shared the following on Truth Social: “Just in case these foolish and inflammatory statements are not just
Coinbase (NASDAQ: COIN) reported a sharp drop in quarterly profit on Thursday, July 31, that sent shares tumbling, with the crypto exchange posting adjusted net income of $33 million, or 12 cents per share, compared to $294 million, or $1.10 per share, in the same quarter last year. Shares were trading at $320.93, down 15.04%
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The 13-year-old design software company Figma IPO’d on the NYSE yesterday. As I write this edition, Figma’s stock is trading at $115. That’s a ~250% pop from its $33 opening price — above Circle’s June IPO pop of 168%, and far above
Artificial intelligence giant OpenAI has received a new investment of $8.3 billion, thanks to its rapidly growing business volume. Following the development, volatility increased in the price of CEO Sam Altman-linked altcoin World (WLD). The funding round, part of the company’s total $40 billion investment round, closed earlier than expected and was five times oversubscribed,
The Fed’s decision to hold its benchmark interest rate steady for a fifth consecutive year was opposed by Board members Christopher Waller and Michelle Bowman. The two members argued that the interest rate should be cut by 25 basis points, highlighting the weakening labor market. In statements released today, Waller and Bowman stated that the