U.S. stock-index futures rallied and oil prices tumbled on Sunday as the U.S. and Iran took a pause from fighting, and as Wall Street gears up for the Fed’s meeting and key earnings reports from Big Tech companies.
Treasury yields and oil prices surged, and the dollar confirmed the breakout toward a longer-term uptrend, to push the S&P 500 below key chart support.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-prediction-market-cftc-rule.png" alt="CFTC issues second warning to prediction markets on cookie-cutter self-certifications" class="type:primaryImage"></p><p>For the second time this year, the regulator told prediction markets to stop issuing overly broad, template-style certifications of events contracts.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/russia-bitcoin.png" alt="Russia’s Sberbank to launch crypto trading infrastructure this year" class="type:primaryImage"></p><p>Russia’s biggest bank plans to create cryptocurrency trading infrastructure by Dec. 1 as the country is set to establish rules for market participants while allowing crypto assets to be used in foreign trade operations.</p>
Markets are gearing up for the busiest week of second-quarter earnings season.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-who-is-the-whale-from-2017.jpg" alt="Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy" class="type:primaryImage"></p><p>Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.</p>
Rising Treasury yields show how “enormously worried” the market is about inflation — and whether the Fed will back up its tough talk with action
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-crypto-negotiation-south-korea.jpg" alt="South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys" class="type:primaryImage"></p><p>South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/closed-exchange.jpg" alt="BitMart to wind down exchange, end trading by Aug. 26" class="type:primaryImage"></p><p>Crypto exchange BitMart said it will wind down operations after its BMX token plunged and users reported withdrawal delays, with platform operations set to end in January.</p>
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/phishing.jpg" alt="Binance ‘red teams’ its own staff every month to keep hackers out" class="type:primaryImage"></p><p>Binance regularly tests its employees for security hygiene, with social engineering becoming a major source of industry breaches. </p>
“Investors frequently receive only a small fraction of the shares they request — if they receive any at all.”
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-when-prediction-markets-go-wrong-who-decides-what-counts-as-the-truth.jpg" alt="Robinhood in talks with Crypto.com over prediction markets: WSJ" class="type:primaryImage"></p><p>While prediction market companies in the US continue to face legal battles between state and federal authorities, Robinhood is reportedly considering expanding its services.</p>
Students are forging intergenerational bonds while planning game nights and teaching gym classes, but “by 7:30 or 8, things get pretty quiet here.”
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/bitcoin-state-department.png" alt="Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program" class="type:primaryImage"></p><p>The Bitcoin Policy Institute and three partner organizations will be able to send employees to work alongside State Department officials to address issues including digital freedom.</p>
“To my surprise, the proceeds from the sale were credited to my money-market settlement fund.”
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-occ-application.png" alt=" Wise to resubmit US charter application under GENIUS Act" class="type:primaryImage"></p><p>The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.</p>
More than 200 individuals had a total of more than $85 billion in tax-sheltered retirement accounts
Around $1.5 billion has been deposited into the accounts since their launch earlier this month, the Treasury Department said.
My emergency fund is running out — I thought I did everything right
Bob Elliott sparks buzz highlighting the bargain level of TIPS.