The Federal Reserve’s latest Beige Book shows a US economy still expanding, but only modestly, while inflation pressures are becoming harder to ignore. The report, published June 3, said economic activity increased at a slight to moderate pace in ten of the twelve Federal Reserve Districts. One District reported a slight decline, while another reported
Federal Reserve Bank of Dallas President Lorie K. Logan has expressed growing concern that the U.S. may require higher interest rates later this year. Logan cited the slow return of inflation to the Federal Reserve’s 2% target as a primary reason for her apprehension. Despite these concerns, she noted that the U.S. economy remains robust,
Elon Musk’s SpaceX is planning to set a fixed IPO price of $135 per share ahead of its roadshow, according to CNBC, marking an unusual move for a company preparing what could become the largest public listing ever. The company plans to sell 555.6 million shares, implying a $75 billion offering size. At that price,
Anthropic, an artificial intelligence firm, has selected Morgan Stanley and Goldman Sachs as lead underwriters for its anticipated initial public offering (IPO), according to reports from Bloomberg. This development comes as the company was recently valued at $965 billion, surpassing OpenAI’s valuation for the first time. The decision to enlist these high-profile financial institutions indicates
Bitcoin [$BTC] fell by another 3.9% in the last 24 hours, extending its price plunge to a local low of $61.4K. Strategy announced a 32 $BTC sale, the first since 2022. Heavy spot ETF outflows helped drive the price even lower. As expected, this caused a lot of capitulation, especially from short-term holders who bought
The bitcoin ETF bleed has spread across crypto. U.S. spot bitcoin funds shed another $396.60 million on Wednesday, extending a record outflow streak to 13 straight sessions and a $4.37 billion drain since mid-May, while ether, solana and $XRP products joined the redemption wave. Hyperliquid’s spot $HYPE ETF was the only major crypto fund still
Blockchain analytics platform Chainalysis has reported that wallets interacting with Coinbase’s x402 protocol have generated more than 100 million transactions on Base since the payment standard launched, offering one of the clearest signs yet that machine-to-machine payments are beginning to gain traction on public blockchains. Built to let software agents pay for online resources automatically,
Paybis said more companies now use stablecoins for international payments, based on a report released at Money20/20 Europe in Amsterdam. The crypto platform, which says it serves 7 million users, presented the data as payment firms and banks met at the conference. The company said 22.5% of surveyed businesses already use stablecoins for cross-border payments
DNA Protocol and $XRP Ledger: The Rise of Sovereign Identity Powered by Zero-Knowledge Proofs DNA Protocol, a platform built around decentralized identity, is advancing a model of sovereign identity anchored on the $XRP Ledger (XRPL), using zero-knowledge proofs to verify personal and genomic attributes without exposing the underlying data. For decades, identity has been defined
Monthly venture deal count in crypto fell to roughly 50 deals in May, a level last seen in the pre-2021 era when the industry was a fraction of its current size. The compression is visible across nearly every category in the chart, with Infrastructure and Crypto Financial Services, historically the two most active buckets, both