Released on Friday morning Soft US July employment numbers will be printed in combination with shocking June-June revised editions, as employment growth is the weakest since Covid Shutdowns in 2020.The data appears likely to end Federal Reserve Chair Jerome Powell’s on-the-scene approach and set the central bank on the path to reopening rate cuts at the next meeting in September.This brought 10-year U.S. Treasury bonds to 14 basis points 4.22%, pumping gold prices from 1.5% to $3,400 per ounce, sending them within their record highs.Two other interest-sensitive assets: Bitcoin and stocks? Not that much. With about 90 minutes in the…
Author: ₿e Proud
Key Takeaways Saylor, executive chairman of Strategy, said he’s comfortable with the company owning up to 7% of the world’s total Bitcoin supply, but not all of it. He noted that 97% of the total Bitcoin supply is already held by others. Share this article Strategy could hold as much as 7% of the world’s Bitcoin, Michael Saylor told CNBC on Friday, but he pushed back on the idea of total dominance, saying the company has no intention, or ability, to own the entire supply. “I don’t think we’ll get all of it,” said Saylor when asked whether there’s such…
Google has backed STAN, an Indian social gaming platform that connects gamers with creators, communities, and publishers. Google’s investment comes as part of an $8.5 million equity funding round, which also saw investment from Japanese gaming giants Bandai Namco Entertainment, Square Enix, and Reazon Holdings. Aptos Labs and King River Capital, as well as existing backers General Catalyst and GFR Fund, also participated. Google joined the round via its AI Futures Fund, which launched in May to support startups building with its AI tools. STAN, headquartered in Singapore, is trying to position itself as a gaming community platform to rival…
Bitcoin has broken down from the two-week consolidation range that held the market between $115,724 and $122,077, reaching a new local low of nearly $114,000. The drop sees a change in momentum in the short term and places the bull on defense. The $117,000 level (the main support zone) serves as an immediate resistance that must be played back to indicate the possibility of a reversal. Related readings Breakdowns are coming at a critical time as emotions across the market are beginning to change. According to fresh data from Cryptoquant, futures sentiment has become bearish today, falling sharply before bounces…
Meta is still going all-in on the AI talent war, with Mark Zuckerberg reportedly reaching out to top recruits himself, throwing around jaw-dropping compensation packages that top $1 billion over multiple years. And Meta’s latest target? Mira Murati’s new startup, Thinking Machines Lab. It’s a bold play in an already overheated market. While Zuck eyes new talent, Anthropic is preparing to raise a massive round of its own at a staggering $170 billion valuation, nearly tripling its worth in just months. On paper, it looks like the AI cash floodgates are wide open. But all this endless money raises some…
The Decentralized Finance (DEFI) market has dumped a total price (TVL) of over $4 billion within a day. Such drops usually surprise people. But zoom out and something more strategic will focus. Data from Defillama reveals not collapse, but a readjustment of protocols, categories, and overall capital flows. Unpack what’s actually going on, what’s important on these charts, and where things are heading next to the crypto market.The locked total value will hit, but the momentum remainsTVL: Image source: DefilamaAccording to Defilama, TVL across all Defi protocols is currently at $1358.1 billion, a 3.14% drop in the last 24 hours.…
Applied AI research company Fundamental Research Labs (formerly known as Altera) announced today that it has raised $30 million in Series A funding led by Prosus with participation from Stripe co-founder and CEO Patrick Collison. The company has a curious structure as it is working on multiple AI applications in different fields. When it raised its seed funding, Fundametal Research Labs was developing bots that could play Minecraft with you. Today, the company has a games team, a prosumer team building apps, a core research team, and a platform team. Yang says that Fundamental Research Labs wants to be a…
The Sheeva Inu (Shiv) fell sharply early on Friday as President Donald Trump’s new tariffs heavier on market leader Bitcoin and strengthened the US dollar. The price chart still offers bullish tips.Shib crashed 6% on a brutal 24-hour sale from 13:00 on July 31 to 12:00, plunging from $0.000013 to $0.000012. Prices have reached lows since July 9th, bringing the downtrend closer to $0.00001600 from the highs on July 21st.The decline follows a surge in the number of SHIBs held in central exchanges. According to Coindesk’s Market Insights model, the tally surged to 84.9 trillion tokens on July 28, indicating…
Key Takeaways OpenAI raised $8.3 billion in its latest funding round, reaching a $300 billion valuation. The new funding strengthens OpenAI’s path toward a potential IPO and further expansion. Share this article Sam Altman-led OpenAI locked in over $8 billion in its latest funding round, pushing its valuation to $300 billion and accelerating its plans to secure $40 billion in total capital this year, The New York Times reported Friday.In March, OpenAI announced its fundraising plans, with SoftBank pledging up to $30 billion by year-end. The company raised $2.5 billion from venture capital firms that same month and aimed to…
ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itself to the punch as investors clamber to get onto its cap table amid…