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NEWS FLASH: Vice President J.D. Vance is set to cast a potential tie-breaking Senate vote on a $9 billion #
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spending cut package affecting NPR, PBS, and USAID.
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NEWS FLASH: United States June Core and overall #PPI both showed 0.0% MoM growth and lower-than-expected YoY increases at 2.6% and 2.3% respectively, signaling easing inflation pressure on the $USD economy.
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NEWS FLASH: #Paypal plans to expand its PYUSD stablecoin to the #Arbitrum chain to enhance cross-chain usability.
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NEWS FLASH: #Trump announced the Genius Act is set to pass tomorrow after consulting with all remaining holdouts.
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[IMPORTANT: #Coinbase Rises to Record High Despite June Inflation Data Impacting Other Crypto Stocks] 🤖 The S&P 500’s sole #crypto stock, Coinbase, hit an all-time high of $400.88 despite elevated June inflation figures dampening hopes for early Fed rate cuts. While Coinbase and #Robinhood stocks showed resilience, most other crypto stocks, including major #Bitcoin miners and stablecoin issuers, experienced declines. The report highlights growing institutional acceptance of crypto via Coinbase’s entry into the S&P 500 and mixed market reactions to inflation data. $BTC
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[IMPORTANT: U.S. House of Representatives to hold second vote on cryptocurrency bill, #Trump furious] Fox News reported that the U.S. House of Representatives failed to pass the first vote to bring a cryptocurrency bill to the floor for a vote, but will attempt a second vote today. President Trump is reportedly furious over the defeat and has reached out directly to some Republican lawmakers who blocked the bill.
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