Bank reserves fell $77.579 billion on a weekly-average basis last week ending July 29. Days later, the US Treasury borrowing estimate for July through September rose by $68 billion. The overlap puts Bitcoin’s liquidity setup under scrutiny. Several forces moved across the Fed’s balance sheet, blurring any direct line from Treasury cash to the reserve
Circle (CRCL) shares rose about 10% in premarket trading Wednesday after the stablecoin issuer reported second-quarter earnings that topped profit expectations, even as revenue came in slightly below Wall Street forecasts. The company posted adjusted earnings of 18 cents a share, beating analysts’ consensus estimate of 16 cents, while revenue and reserve income rose 7%
Crypto finance company BIT (formerly Matrixport) assessed that a potential weakening of the US dollar and expectations of interest rate cuts could support both Bitcoin and gold prices. The analysis published by the company stated that macroeconomic conditions could simultaneously have a positive impact on both risky assets and gold, which is seen as a
GameStop has agreed to swap $1.4 billion of zero-coupon convertible notes for stock, a deal that would retire about one-third of its note principal if it closes. The resulting shareholder dilution will remain unknown until the company discloses the final share count. The company’s Aug. 3, 2026 filing covers about $400 million of notes due
Most people still think crypto payments means buying coffee with bitcoin. The real shift is quieter and far larger: stablecoins now settle more value annually than many traditional payment networks, and a new category called PayFi is building programmable payment infrastructure on top of that volume. This guide explains what PayFi is, how the plumbing
Shares of CoreWeave CRWV climbed 8.77% to $93.28 in morning trading on Tuesday after the AI cloud infrastructure company announced its expansion into Indonesia and received a bullish analyst initiation that reinforced optimism around its long-term growth prospects. The move marked CoreWeave’s first data center presence in the Asia-Pacific region. The company said it will
SpaceX (SPCX), Elon Musk’s space technology company, reported its first quarterly results as a public company on Tuesday, announcing second-quarter revenue of $7.8 billion. That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to to $541 million as growth accelerated across its launch, Starlink and AI businesses. The company reported
The majority of surveyed Russian citizens fail to recognize significant use cases for cryptocurrency despite its upcoming legalization in their country. The finding comes before the enforcement of a comprehensive regulatory framework in September as Moscow seeks to take the reins of the growing market. Russians remain skeptical about crypto ahead of restrictive regulations Around
Nasdaq-listed Bitcoin mining rig manufacturer Canaan announced on Aug. 4 its intention to sell a portion of its cryptocurrency holdings to finance a share repurchase program. The company’s board approved the American depositary share (ADS) buyback plan in December 2025, and the proceeds from the crypto sale will be directed toward executing it. Why Canaan
India’s stock market witnessed an unusual divergence this week after the Securities and Exchange Board of India (SEBI) rolled out its new Closing Auction Session (CAS), triggering sharp swings in benchmark indices and reigniting debate over how markets discover their final closing price. Why Did the Nifty Reverse? The Nifty 50 erased part of Monday’s