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Cash Cat Reclaims Robinhood Chain Crown After Q2 Earnings Call
- CASHCAT jumped 16% and retook the top spot on Robinhood Chain.
- The token still trades 79% below its July 11 record high.
- Vlad Tenev's X recent searches showed CASHCAT during the earnings call.
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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.
Hyperliquid Draws First Japanese Corporate Buyer as US Funds Shed $27 Million
- Tokyo-listed Eole bought 1,078 HYPE tokens, a first for Japanese public companies.
- US spot HYPE funds have shed $27 million across ten trading sessions.
- HYPE fell 19.4% in a month, the worst among the 20 largest tokens.
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Pi Network Begins Ninth Protocol Upgrade Ahead of Final Version 27
- PI rose 6.66% as Pi Network began rolling out its Protocol 26 upgrade.
- Mainnet node operators must upgrade by August 11.
- Protocol 27 will follow as the final planned upgrade in the sequence.
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Wall Street’s Worst Day Since April 2025: Did the Fed Just Lose the Market?
- The Dow plunged 1,153 points Wednesday after the Fed held interest rates steady.
- Three FOMC officials dissented, pushing for a rate hike instead of a hold.
- The 10-year Treasury yield jumped to its highest level since 2007.
Lummis, CLARITY Act’s Fiercest Proponent, Hit by Crypto Scam Hack
- Lummis' verified X account briefly promoted a fake Solana token before deletion.
- Scam posts targeted the Senate's leading Clarity Act advocate during a critical push.
- Lummis' office had not confirmed the compromise at the time of publication.
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Why Bitcoin Is Stuck Near $65,000 as AI Fuels Inflation
- AI spending is adding inflation pressure and reducing the chance of near-term Fed rate cuts.
- High bond yields and strong AI stocks are pulling capital away from Bitcoin.
- ETF inflows are improving, but Bitcoin still needs softer inflation and lower yields to break higher.
Play the Ball, Says Warsh as Fed Keeps Inflation Front and Center; SPY, Bonds React
- Warsh tells markets to play the ball, not the referee.
- Fed chair defends the 2% target and rejects a softer goal.
- SPY turned green, yields eased, and Bitcoin held near $64,237.
