The initial reaction would be quite negative, the AI platform said. Following the strong US jobs report from Friday and the hawkish stance taken by Federal Reserve Chair Kevin Warsh the week prior, the odds for a rate hike have grown significantly in just seven days. Bitcoin’s price reacted to both developments with a…
Router Protocol has announced that it will end more than four years of cross-chain development, close all operations by Sept. 30, 2026, and permanently burn 303,333,198 ROUTE tokens held in its treasury. Summary Router Protocol will wind down its remaining operations before Sept. 30, 2026. The project will permanently burn 303,333,198 ROUTE tokens held in…
DASH follows suit in terms of daily gains, jumping by over 25% daily. Bitcoin’s price reacted immediately to the stronger-than-expected US jobs report on Friday, plunging from a multi-month high of over $82,000 to under $79,000 before it found some support. Red dominates the larger-cap alts’ charts, with XRP dropping back to $1.40, ETH…
U.S. spot Bitcoin and Ethereum exchange-traded funds attracted a combined $1.20 billion during the trading week ending Sept. 4, with Bitcoin products accounting for more than 80% of the total. Summary Spot Bitcoin ETFs recorded $986.7 million in weekly net inflows. Ethereum ETFs added $215.3 million, down sharply from the previous week. BlackRock’s Bitcoin funds…
In this week’s edition of the weekly recap, Polymarket pursued a $1 billion funding round at a proposed $21 billion valuation, while Cronos reversed its blockchain after a $75 million exploit. U.S. spot Bitcoin ETFs also posted their strongest daily inflow since January as BTC briefly crossed $82,000. Summary Polymarket’s planned $1 billion round would…
Robinhood has rejected AMC Entertainment’s demand to halt an AMC-linked token, turning a dispute over one of its 189 stock products into a test of how US rules may treat third-party tokenized equities. Summary Robinhood’s legal chief told AMC to send its lawyers after the theater chain demanded a trading halt. AMC token holders receive…
Strategy Executive Chairman Michael Saylor has defended Americans’ ability to advocate for Bitcoin without a license, while separating public recommendations from fraud and market manipulation. Summary Saylor said Americans do not need a license to discuss or publicly recommend Bitcoin. The Strategy chairman described Bitcoin as a commodity rather than a security. The CLARITY Act…
Progress beyond the initial rollout will depend partly on market adoption and the outcome of pending stablecoin legislation. South Korea’s Financial Services Commission unveiled a phased roadmap on September 4 for converting stocks, bonds and investment funds into blockchain-based tokens, with the earliest phase due to start in February 2027 once an amendment to…
U.S. President Donald Trump has renewed his demand for lower interest rates and threatened to halt trade with deficit countries after employers added 162,000 jobs in August. Summary U.S. payrolls rose by 162,000 in August, beating economists’ forecast of 56,000. Trump demanded lower rates and threatened to stop trade with countries running surpluses against the…
The move would extend Coinbase’s existing crypto perpetual futures business in the United States into individual equities. Coinbase said this week it filed notice registrations with the US Securities and Exchange Commission (SEC) to offer single-stock perpetual futures domestically, according to a post from the company’s official account. The move adds another regulated derivatives…
