July jobs report: US added 73K jobs, unemployment up to 4.2%. But big revisions β May & June gains were *significantly* lower than first reported (down a combined 258K). Job growth is slowing.
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OpenAI raises $8.3B, hitting a $300B valuation! π Blackstone, TPG, Sequoia & others are investing to boost ChatGPTβs rollout in healthcare, finance & manufacturing. (via *The New York Times*)
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UKβs FCA will allow retail investors to trade crypto ETNs (cETNs) on approved exchanges from Oct 8, 2025. This offers compliant options as the market matures, but cETNs wonβt be covered by FSCS protection. Existing crypto derivatives ban remains in place.
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Cycle Network (founded 2022) simplifies cross-chain for Web3 devs! π Lightweight settlement network for unified accounts across blockchains. Backed by Binance YZi Labs & validated by Golden Goose, they just launched their SDK & Settlement API! π
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Hong Kongβs new stablecoin rules caused some crypto OTC shops (like One Satoshi) to temporarily close over compliance worries. Others stayed open, arguing USDT & similar stablecoin OTC trades arenβt *directly* covered by the regs, citing common law. No legal precedent yet.
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AI infrastructure platform GAIB raised $10M led by Amber Group to expand its GPU capacity & attract institutional investors. GAIBβs AID Alpha vault saw $28M in deposits & integrates with DeFi protocols. π
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Bitpanda co-founder Paul Klanschek steps down as co-CEO, moving to an advisory role. Deputy CEO Lukas Enzersdorfer-Konrad is the new CEO. The platform reported record annual results & is considering a Frankfurt Stock Exchange listing (valued at ~$4B per Bloomberg). π
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Binance now lets you stake crypto directly from your spot account! β¨ Supported coins include BNB, SOL, ADA, SUI & more. Min. holdings & app v3.1.0+ required. Earn rewards easily! π #Binance #staking #crypto
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BTC & ETH dipped 3.2% & 6% respectively, but liquidations remain low ($110M BTC, $132M ETH). Glassnode says the dip is driven by spot selling, *not* leveraged liquidations β no cascade expected. Open Interest slightly down.
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Indonesiaβs crypto tax revenue is soaring! π Reached $38.5M (620B IDR) in 2024, up from $15.3M in 2022. Revenue dipped in '23 but is already at $7.1M (115B IDR) for 2025. Officials cite market volatility. #crypto #tax #Indonesia
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