Trump Says He Briefly Spoke With Kevin Warsh Last Week

President Donald Trump said he briefly spoke with Kevin Warsh last week, Walter Bloomberg reported on Aug. 10. Trump said Warsh would have to make policy decisions with other members of the Federal Reserve Board. He added that Warsh might prefer a di

U.S. Stocks Turn Lower; Nasdaq Falls 0.44%

U.S. stocks turned lower, with all three major indexes in negative territory. The Nasdaq Composite fell 0.44% to 26,572.97 on Aug. 11. The Dow Jones Industrial Average declined 0.31% to 53,871.72, while the S&P 500 slipped 0.11% to 7,748.91.

BlackRock Canada Launches ETF With 3% Bitcoin Allocation

BlackRock Canada has launched an exchange-traded fund, IBQT, that allocates 3% of its portfolio to Bitcoin, Cointelegraph reported on August 10. The fund invests 97% of its assets in equities in Canada, the US, other international markets and emergin

Bitcoin Mining Difficulty Falls 18.5% From Peak, Biggest Drop Since China’s 2021 Ban

Bitcoin mining difficulty has fallen about 18.5% from the record high reached on July 16, marking its biggest decline since China banned Bitcoin mining in 2021, Unfolded reported on Aug. 10. The drop is smaller than the roughly 32% decline during the

Trump Says US Will Favor Economic Pressure Over More Military Action Against Iran

President Donald Trump said Aug. 9 that the US is taking a "low-key" approach toward Iran for now, signaling it will rely more on economic pressure than additional military action, Walter Bloomberg reported. Trump argued that a US maritime blockade i

Iran Says Video of Supreme Leader Mojtaba Khamenei Will Be Released Soon

Iranian authorities plan to release footage showing Supreme Leader Mojtaba Khamenei appearing in public and meeting military commanders, Walter Bloomberg reported on Aug. 9. Khamenei has not appeared in public since taking over as supreme leader in M

CFTC Warns Prediction Markets Against Using American-Style Gambling Odds

The US Commodity Futures Trading Commission sent letters to some prediction-market platforms warning them not to use American-style gambling odds, Bloomberg reported on August 7. American-style gambling odds use plus and minus signs to show potential

BofA Keeps Forecast for 75 Basis Points of Fed Rate Hikes This Year Despite Weak US Jobs Data

US nonfarm payrolls fell by 23,000 in July, and the previous two months' figures were revised down by a combined 103,000. Even so, Bank of America maintained its forecast that the Federal Reserve will raise interest rates by a total of 75 basis point

Coinbase CEO Armstrong Says Senate Missed CLARITY Act This Week, Backs September Push

Coinbase Chief Executive Officer Brian Armstrong expressed disappointment that the US Senate did not take up the CLARITY Act this week, while voicing optimism that lawmakers could act on the bill in September. In a post on X on Aug. 7, Armstrong wrot

US Stocks Turn Higher; Nasdaq Gains 0.90%

The three major U.S. stock indexes turned higher on Aug. 8, led by gains in the Nasdaq Composite. The Nasdaq Composite rose 0.90% from the previous close to 26,585.24. The Dow Jones Industrial Average added 0.05% to 53,911.26, while the S&P 500 advan

Hassett Says Trump and Warsh ‘Always’ Discuss Economy, Not Rates

Kevin Hassett, director of the White House National Economic Council, said President Donald Trump and Federal Reserve Chair Kevin Warsh “always” discuss economic issues, Walter Bloomberg reported on Aug. 7. Hassett added that he is confident Trump wi

US Stocks Close Lower; Nasdaq Falls 0.06%

The three major US stock indexes closed lower on August 7. The Nasdaq Composite fell 0.06% from the previous session to 26,348.35. The Dow Jones Industrial Average dropped 0.85% to 53,885.16, while the S&P 500 slipped 0.18% to 7,709.98.

BofA Says Low-Income US Workers Overtook High Earners in Job, Wage Growth

Bank of America said the US labor market is moving beyond the so-called K-shaped economy. BofA said on August 6 that employment growth for low-income workers was 3.0% in July from a year earlier, above the 1.0% rate for high-income earners. After-tax

U.S. Stocks Turn Mixed; Nasdaq Gains 0.06%

The three major U.S. stock indexes turned mixed on August 7. The Nasdaq Composite rose 0.06% to 26,379.34. The Dow Jones Industrial Average fell 0.73% to 53,953.02, while the S&P 500 slipped 0.06% to 7,718.90.

MetaMask Launches ‘Agent Wallet’ for AI-Driven Autonomous Trading

MetaMask has launched Agent Wallet, a wallet designed to support autonomous on-chain trading by AI agents, crypto media outlet Decrypt reported on August 6. Users can choose their own level of automation and the AI model they want to use. The wallet

Tim Scott Says CLARITY Act Could Come to Senate Vote Before August Recess

Senate Banking Committee Chairman Tim Scott said the CLARITY Act could come up for a vote before the Senate's August recess. In an interview with Fox Business on Aug. 6, Scott said there was "no doubt" a vote would take place this week. He said he pl

US Stocks Close Mixed; Nasdaq Falls 0.83%

U.S. stocks closed mixed on August 6, with the Nasdaq Composite falling 0.83% from the previous session to 26,363.44. The Dow Jones Industrial Average rose 0.49% to 54,349, while the S&P 500 slipped 0.17% to 7,723.42.

Bitcoin Builds Base in Rangebound Trade as Spot ETF Inflows Have Limited Impact

Bitcoin is building a base as it remains stuck in a listless trading range, The Block reported on August 5. U.S. spot Bitcoin exchange-traded funds recorded net inflows of $211 million on August 4, but the token showed little price reaction. The mark

Yellen Says Inflation Is Top Challenge as US Labor Market Cools

Former Treasury Secretary Janet Yellen said the US labor market is no longer so overheated that it is fueling inflation, Walter Bloomberg reported on August 5. Yellen also said she was surprised that the Middle East conflict and higher oil prices had

Lummis Says Talks With Democrats on CLARITY Act Continue as She Pushes for Regulatory Clarity

US Senator Cynthia Lummis said in a post on X on August 5 that she is continuing talks with Democrats to secure passage of the CLARITY Act. Lummis wrote that she also discussed the bill’s Commodity Futures Trading Commission provisions the night befo

Cloudflare Launches Stablecoin Wallet for AI Agents

Cloudflare has launched a stablecoin wallet designed to let AI agents pay for API access and online content, The Block reported on August 4. In the first phase of the service, users can apply for a wallet handle linked to their account. Core features

Coinbase, Visa Say OpenUSD Complements USDC Rather Than Replacing It

Coinbase, Visa and Mastercard sought to draw a line between OpenUSD and Circle's USDC after OpenUSD's launch coincided with a steep drop in Circle's valuation, CoinDesk reported on August 4. Coinbase reaffirmed its partnership with Circle during its

Telegram CEO Says App Was Temporarily Removed From Apple App Store After False-Report Attack

Telegram Chief Executive Officer Pavel Durov said the messaging app was recently temporarily removed from Apple Inc.'s App Store after a coordinated false-reporting attack, Cointelegraph reported on August 4. In a post on his personal channel, Durov

Iran Weighs Allowing European Nations to Clear Mines in Strait of Hormuz

Iran is considering allowing European countries to conduct operations to remove mines laid in the Strait of Hormuz, Walter Bloomberg reported on Aug. 4.

Franklin Templeton Joins Canton Network as Super Validator

Franklin Templeton has joined Canton Network, a privacy-focused layer-1 blockchain, as a Super Validator, cryptocurrency-focused media outlet Bitcoin World reported on Aug. 3. The global asset manager expanded its Benji technology platform to Canton

Bitcoin Briefly Tops $64,000

Bitcoin briefly rose above $64,000. As of 4:31 a.m. on Aug. 4, Bitcoin was trading at $64,005.19 on Binance's Tether market, up 1.08% from a day earlier.

Jim Cramer Says He Plans to Sell All His Bitcoin on Quantum Computing Fears

CNBC "Mad Money" host Jim Cramer plans to sell all of his Bitcoin holdings because of advances in quantum computing, Crypto Briefing reported on Aug. 3. On a live broadcast, Cramer said he expects quantum computing to overtake the Bitcoin market with

Coinbase Launches Ad Campaign Urging Congress to Pass CLARITY Act

Coinbase has launched a new advertising campaign urging the US Congress to pass the CLARITY Act, a digital-asset market structure bill, Cointelegraph reported on Aug. 3. The campaign comes as prospects for Senate action on the measure have dimmed ahe

Bitcoin Slides With Each Yen Intervention, Warning of Further Losses

BeInCrypto reported on August 3 that Bitcoin’s biggest drops of 2026 have coincided with periods when Japanese authorities intervened in markets to support the yen. The report said the market is split on what comes next. One camp sees a stronger yen

Iran Denies Any Deal to Reopen Strait of Hormuz, Says Closure Will Continue if U.S. Hostility Persists

Iran denied reports that it had agreed to reopen the Strait of Hormuz. Walter Bloomberg reported on August 2, citing Iran's Fars News, that Tehran "has not accepted any agreement related to reopening the Strait of Hormuz." Iran added that the waterwa