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Markets

U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes

This morning's report could go a long way toward determining whether the Federal Reserve raises interest rates at its late-July meeting.

U.S. June CPI fell 0.4%, lowering potential Fed rate hikes odds (CoinDesk/BLS)

Policy

Newest version of crypto Clarity Act may drop as soon as next week, sources say

After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in.

U.S. Capitol Building (Jesse Hamilton/CoinDesk)

Finance

Crypto exchange Kraken is trying to become a bank in Europe

Kraken's focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.

Payward and Kraken co-CEO Arjun Sethi.

Markets

U.S. payroll growth slowed sharply in June, with only 57,000 jobs added

This morning's data could slow market expectations for a Fed rate hike as soon as this summer or early Fall.

Jobs, hiring (Eric Prouzet/Unsplash)

Markets

Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend

Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback.

CoinDesk

Markets

Bitcoin falls below $60,000 as AI trade continues to draw investor interest and capital

South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.

(Getty Images)

Markets

Fed holds rates steady in first decision under new Chairman Kevin Warsh

The accompanying policy statement and updated economic projections, however, took a hawkish turn.

Kevin Warsh (Getty Images)

Policy

FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges

The onetime FTX CEO did not persuade a panel of judges that his trial was unfair, the appeals court panel ruled Friday.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)

Finance

Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers

FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.

FalconX CEO Raghu Yarlagadda (FalconX)