U.S. June Core PCE Inflation Announced at 2.8% Year-on-Year, 0.3% Month-on-Month
According to Jinshi, the U.S. June core PCE (Personal Consumption Expenditures) price index was announced at 2.8% year-on-year.
The previous value was revised from 2.7%. The monthly figure of 0.3% was in line with expectations. This points to a slow but resilient trend in inflation.
Initial jobless claims in the US rose slightly to 218,000
Initial jobless claims in the US reached 218,000 in the week ending July 26. Although this represents a slight increase from the previous week’s 217,000, it remained below the expected 224,000. The labor market continues to show signs of strength.
Corporate Crypto Treasuries Surpass $100 Billion
The total crypto asset reserves of publicly traded companies managing crypto treasuries have surpassed $100 billion. These firms are expanding crypto’s presence on corporate balance sheets by providing new institutional liquidity to the sector. The momentum in Ether investments played a significant role in this increase.
Empery Digital Increases BTC Holdings to 3,803
Empery Digital, a US-based publicly traded company formerly known as Volcon, purchased an additional 303 BTC, bringing its total Bitcoin reserves to 3,803 units. The company continues to position Bitcoin as a strategic asset in its corporate strategy.
Bo Hines: The Amount of Bitcoin Held by the US Government Is “Not Currently Up for Discussion”
Bo Hines, Director of the Trump Administration’s Digital Asset Advisory Council, stated that the exact amount of Bitcoin held by the U.S. government cannot be disclosed. Previously, advisor David Sacks claimed the amount was 200,000. However, some sources suggest the actual number could be as low as 29,000. Hines noted that the government plans to continue purchasing BTC using a budget-neutral method.
Visa Begins Supporting Paxos’ USDG and PYUSD Stablecoins
Visa now supports Paxos’ USDG and PYUSD tokens in its stablecoin settlement services. This move is part of the payment giant’s strategy to expand its stablecoin integration.
Circle Brings USDC and CCTP V2 to Hyperliquid
Circle announced that its native USDC and CCTP V2 will be integrated into the Hyperliquid platform. This integration, powered by HyperEVM infrastructure, will enable cross-chain transfers, in-app swaps, and fund management for USDC with high efficiency. CCTP V2 will offer developers secure USDC transfers with 1:1 capital efficiency.
US Treasury Secretary: Fed Chair Nominee to Be Announced by Year-End
U.S. Treasury Secretary Benson announced that she has prepared a list of candidates for the Fed chairmanship and that it will be announced by the end of the year. She also announced that two more seats on the Fed Board of Governors will become vacant and that discussions will be held for these positions.
Pudgy Penguins Team Playing a Role in U.S. Crypto Legislation, PENGU ETF Application Filed
Pudgy Penguins CEO Luca Netz revealed that the team is providing consulting services on crypto laws in Washington and has filed an application for the PENGU ETF. This ETF will cover both the PENGU token and related NFT assets. This stands out as one of the first ETF applications to include NFTs.
