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Chief Economist Says Fed Won’t Hike Rates If Oil Holds Near $80
- Jeremy Siegel said a September Fed rate hike is unlikely if oil stays near $80.
- The Wharton economist cited cooling CPI and PPI data behind strong earnings.
- Siegel flagged a rotation from richly priced growth stocks into cheaper value names.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
XRP Defends $1 by a Cent Since CLARITY Act Slipped. Now CFTC Steps In
- XRP has hovered at $1 since the CLARITY Act slipped to September.
- The token peaked at $3.65 the day the House passed the bill.
- Ripple CEO Brad Garlinghouse sits on the CFTC committee meeting August 20.
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White House Plans Crypto, Prediction Market Summit Next Week
- The White House will host crypto and prediction market executives next Wednesday.
- CFTC's Innovation Advisory Committee meets industry leaders the following day.
- Senators return in September to vote on the stalled CLARITY Act bill.
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Data Breach Exposes Over 13,000 Trezor Wallet User Data. Should You Worry?
- A breach at Trezor's shipping partner exposed data on 13,689 customers.
- Trezor says devices, private keys and wallet backups were never touched.
- Full home addresses leaked for 11,742 buyers, raising phishing and scam risk.
Wall Street Analysts Predict 70% Upside for This AI Memory Stock in 2027
- Micron stock trades near $911, about 70% below Wall Street's $1,569 average target.
- Q3 revenue jumped to $41.46B and DRAM revenue rose 343% on AI memory demand.
- If Micron price can't hold $904, it could suffer a breakdown toward $786.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Hyperion DeFi Books $31 Million Profit While Peer Crypto Treasuries Bleed
- Hyperion DeFi posted a record $31 million net profit for the second quarter.
- Treasury gains of $54.8 million drove the result as HYPE surged 78%.
- Only Hyperion and Hyperliquid Strategies hold unrealized treasury gains.
