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Oil Plunges 9% as Trump Sets Monday Talks to Reopen Hormuz
- Brent crude fell 9% to $82.83 before paring losses to $84.06.
- Trump says he called off a strike after allies, and Iran, asked.
- Iran's state media denies requesting the attack be called off.
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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.
Stop Acting Like the CLARITY Act Is Everything, Former Regulator Says
- Giancarlo says crypto innovation continues whether the CLARITY Act passes or fails
- He compares crypto to the internet, which grew without an authorizing statute
- CLARITY has sat on the Senate calendar since a 15-9 committee vote
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SpaceX IPO Paid Wall Street $100 Million: Will It’s First Earnings Repay Investors?
- Morgan Stanley earned $100 million underwriting the SpaceX IPO in June.
- IPOs led by SpaceX sent over $74 billion to its wealth arm.
- SpaceX posts its first public quarterly results August 4, before a share unlock.
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Iran Denies Trump’s Hormuz Deal, Oil Jumps but Bitcoin Watches
- Iran says no deal exists to reopen the Strait of Hormuz.
- Only 2.6 million of 20 million daily barrels can bypass the strait.
- Bitcoin held near $63,101, about 50% below its October 2025 record.
Ripple Lawsuit Architect Takes Over as US Director of National Intelligence
- Jay Clayton becomes the top US intelligence official on Monday.
- His SEC sued Ripple for $1.3 billion on his last day in charge.
- Bill Pulte hands over the job and returns to housing full time.
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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.
Pi Coin Defies Market Trend Before Key Deadline: Will the 10% Bounce Hold?
- Pi Coin rose 8% to $0.0870 while most trending coins fell.
- Pi Network nodes must install Protocol v26 by August 11 or get cut off.
- PI still trades 79% below where it sat a year ago.
