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The cool news is that the latest data from the Federal Reserve’s preferred inflation indicator came in lower than consensus in June, primarily due to a drop in energy prices. The not-so-cool news? During his second Fed Day as Chairman of the U.S. central bank, Kevin Warsh hemmed and hawed over whether the Personal Consumption Expenditure price index would continue to serve that role. And didn’t offer a hint as to what the replacement might be.  As I reported, this lack of transparent strategy really ticked off Wall Street — more than the Federal Open Market Committee’s decisive 9-3 vote…

Key TakeawaysElon Musk rejected the Tesla China sale report as entirely false.The Wall Street Journal reported executives explored separating Tesla’s China business.The dispute highlights scrutiny of Tesla’s China operations and strategy. Musk Rejects Report on Tesla’s China Business Elon Musk rejected a report that Tesla Inc. (Nasdaq: TSLA) had explored selling or separating its China business as part of preparations for a potential merger with SpaceX, framing the story as entirely inaccurate while drawing broad investor attention. Musk characterized the report as fabricated, maintained that selling or separating Tesla’s China operations had never entered internal discussions, and urged readers to…

A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays.Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates and South Africa, comparing end-to-end costs and settlement times with traditional remittance services. They found that exchange fees and currency conversion made up most of the cost, while blockchain transaction fees represented only a small share.Geographic design of the remittance experiment. Source: Bank of ItalyAcross…

The Federal Reserve’s July policymaking meeting ended with no interest-rate hikes nor forward guidance but with a boatload of Fed speak and word salad. Kevin Warsh insisted the Fed will still be able to lower inflation to its 2% target — a measure it has missed for five years — but didn’t say how.  He also wants U.S. households, businesses and investors to continue to be patient with the central bank. Meanwhile, markets stumbled after the Federal Open Market Committee voted 9-3 to hold benchmark short-term interest rates steady on July 29. The 30-year Treasury yield hit 5.2% and the…

Senator Lummis claimed that the Senate included the CLARITY Act in the remaining calendar dates leading to the August recess.Sentiment around the possible approval of the Digital Asset Market CLARITY Act is now at an all-time low on Polymarket. Kalshi also reflects the same uncertainty.Senator Cynthia Lummis, a Republican from Wyoming, admitted that the pending bill to regulate the crypto market is in a race against time, with Congress having only a week left before the August recess. However, she is not giving up her commitment to the CLARITY Act without a fight.Jam-Packed Final Week Before August RecessIn an interview…

Technology Julie Binoche · July 30, 2026 · 4 min read Leopold Aschenbrenner’s $20 billion AI fund is basically falling apart. Situational Awareness, the hedge fund he launched in 2024, is now facing forced liquidations, margin calls, and talks with investment bankers about an orderly wind-down. The collapse came fast. The fund had grown by 1,000% since its inception, and as recently as June 2026 it was still up 439% net of fees for the year. That’s not a small number — that’s the kind of performance that makes investors overlook risk. But July changed everything. AI stocks including Sandisk,…

Publicly traded AI operating system Vida Global (NYSE American: VIDA) has said it has started paying employees in Bitcoin using the Lightning network — but in a way where the company does not have the leading crypto on its balance sheet.  The Austin, Texas-based company said Thursday that after a worker in Argentina asked to be paid in Bitcoin, the firm tapped Bitcoin infrastructure company Voltage to make the transaction.  But the company is not keeping Bitcoin on its books: it simply sends the cash amount via Voltage’s platform, the employees receive payment in Bitcoin, and Vida’s balance sheet remains…

Mutsamudu, Comoros, July 30th, 2026, Chainwire MEXC Ventures today announced its support for the expansion of Alpha Arena, a global esports-inspired live trading tournament, into the APAC region. As part of the partnership, MEXC Ventures will serve as the Main Sponsor of Alpha Arena S03, with TRIV serving as the Co-host. The APAC-focused trading competition will bring participants from online qualification to a live final in Bali, Indonesia, on August 20, 2026. Taking place during Coinfest week, the event will bring together traders, creators, and regional Web3 communities through a season of competition, learning, and community engagement. Updates will be shared…

Mutsamudu, Comoros, July 30th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, will list Grvt (GRVT) in the Innovation Zone, with the GRVT/USDT pair opening at 12:00 (UTC) and the GRVT/USDC pair opening at 12:20 (UTC) on July 30, 2026. To mark the listing, MEXC has launched the Grvt (GRVT) Airdrop+ event, offering a combined prize pool worth $60,000 in GRVT and 10,000 USDT. Grvt is a self-custodial on-chain wealth platform unifying Earn, Invest, Trade, and Pay within a single, user-controlled balance, built on a custom ZKsync Validium Layer 2 for CEX-grade performance. Since December 2024, Grvt has operated as…

* Fed decision draws dissents from three of 12 FOMC members favoring quarter-point hike* Oil prices rise around 7% after Middle East airstrikes resume* Investors await earnings from Microsoft and Meta after market close (Updated in New York afternoon time)July 29 (Reuters) – U.S. stocks remained lower on the day, interest-rate sensitive 2-year Treasury yields reversed their earlier increase and the dollar slipped on Wednesday after the Federal Reserve held interest rates steady in a move that was generally expected by economists. The decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the…