US stocks rallied Tuesday! ๐ Dow +1.1%, S&P 500 +1.14%, Nasdaq +1.39%. Intel surged 5.62%, Tencent Music & Niu Tech both jumped over 11%. Aerospace & semiconductors led gains. #stocks #market
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Yellen urges the Fed to consider a 50 bps rate cut in September, potentially even June if data allows. She also wants swift confirmation for Michael Barr & seeks candidates to โrestructureโ the Fed, with reported openness from Trump on suggestions. Acknowledges โfundamental problemsโ at the Fed.
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Circle, issuer of USDC, is planning a share offering of 10M shares โ 2M directly from the company & 8M from existing shareholders. This signals potential capital & increased liquidity. Details on pricing/use of funds are forthcoming. #USDC #Circle #funding
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๐จ US national debt just hit $37 TRILLION for the first time! ๐คฏ Treasury Dept. data shows continued record-breaking accumulation. Experts warn the US fiscal situation is severely imbalanced & Congress isn't helping. #debt #economy #USdebt
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Stripe launches Tempo, a new Ethereum-compatible Layer-1 blockchain for payments! ๐ Matt Huang (Paradigm co-founder) is CEO. Stripe also acquired stablecoin & wallet firms (Bridge & Privy) to boost its blockchain capabilities. No token details yet. #blockchain #stripe #crypto
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Grayscale Hedera Trust ETF is now registered in Delaware (Aug 12, 2025, #10293428) as a Statutory Trust. CSC Delaware Trust Company is the registered agent (251 Little Falls Drive, Wilmington, DE 19808).
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Grayscale filed for a Cardano (ADA) ETF in Delaware! ๐ Established Aug 12, 2025, itโs a Statutory Trust (reg. #10293424) offering traditional ETF access to Cardano. CSC Delaware Trust Company is the agent. More crypto investment options incoming! ๐
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Coinbase added WalletConnect Token (WCT) to its asset roadmap! ๐ Trading is planned, but depends on technical & market checks. Contract address (Optimism): 0xeF4461891DfB3AC8572cCf7C794664A8DD927945. This highlights growing support for the WalletConnect protocol & Web3! #WCT #Coinbase #Web3
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Trumpโs pick to lead the Bureau of Labor Statistics, E.J. Antoni, previously called for pausing the release of the monthly jobs report, citing concerns about its accuracy & impact on economic decisions. He argued the data is flawed & misleads policymakers. #economy #jobsreport
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Norwayโs Sovereign Wealth Fund increased its indirect Bitcoin exposure by 192% to 7,161 BTC (~$844M)! Holdings are mainly via MicroStrategy & Marathon Digital. Signals growing institutional interest in #Bitcoin as an asset class. ๐
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