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07-31
U.S. Employment Cost Index Rises 0.9% in Q2 2026, Exceeding Forecasts
The U.S. Bureau of Labor Statistics released its Employment Cost Index for the second quarter of 2026 on July 31, showing that compensation costs for civilian workers climbed 0.9% quarter-over-quarter. Analysts had penciled in 0.8%.What the numbers actually sayWages and salaries grew 0.9% in Q2, mat
UK PM Calls for FIFA President's Removal Over $4.2B Commercial Entity Plan
UK Prime Minister Andy Burnham has called for FIFA President Gianni Infantino to be replaced, taking direct aim at the governing body’s plan to sell minority stakes in a new commercial subsidiary valued at roughly $20 billion.At the center of the dispute is FIFA Forward Enterprise, or FFE, a newly c
AI Hedge Fund's situational awareness suffers 67% loss in July; founder vows to continue operations
BlockBeats news, on July 31, according to the Financial Times, Leopold Aschenbrenner, founder of the AI hedge fund Situational Awareness, stated in a letter to investors that the fund's assets shrank by 67% in July. He took "full responsibility" for the events leading to this loss and pledged to ens
Fed Dissenters Push for Rate Hike Amid Inflation Concerns
Federal Reserve dissenters have voiced concerns over the challenges of controlling inflation, as highlighted in a recent report from the Financial Times. Despite the Federal Open Market Committee (FOMC) maintaining the federal funds rate at 3.50%–3.75% during its July 2026 meeting, dissenters Beth H
Bitcoin Falls Below $64K Amid $9.6B Options Expiry
TL;DRBitcoin fell below $64,000 as roughly 149,000 options worth $9.6 billion expired with maximum pain fixed at the same key level.Call-heavy positioning favored higher strikes, but weak demand prevented BTC from sustaining gains above $65,000 and left price action pinned near expiry.Ether also dec
Federal Reserve Dissenters Push for Rate Hike Amid Persistent Inflation
The Federal Reserve held interest rates steady on July 29, but the real story was who didn’t agree. Three regional bank presidents dissented from the 9-3 vote to maintain the federal funds rate at 3.5% to 3.75%, each pushing for a 25-basis-point increase instead.That kind of organized hawkish revolt
Moonshot AI Launches Kimi K3 on 20,000 Nvidia GPU Cluster via Alibaba
China’s AI race just got a very concrete number attached to it: 20,000. That’s the size of the Nvidia GPU cluster that Moonshot AI is running its Kimi models on, with the hardware provisioned through Alibaba, which happens to own 36% of the company.What Moonshot AI actually builtMoonshot AI launched
Circle Granted Limited Purpose Trust License by NYDFS to Strengthen USDC Regulatory Foundation
ME News reports that on July 31 (UTC+8), Circle announced that the New York State Department of Financial Services (NYDFS) has granted its subsidiary, Circle Internet Trust Company LLC, a limited-purpose trust charter.
Circle stated that this charter further strengthens the company’s and USDC’s re
Citadel Buys Situational Awareness Portfolio After AI Stock Selloff
Ken Griffin’s Citadel has reportedly stepped in to buy a large portion of the publicly traded stock portfolio of Situational Awareness, the hedge fund run by former OpenAI researcher Leopold Aschenbrenner. The deal comes after steep losses tied to last month’s broad selloff in AI-linked equities.Acc
altFINS Integrates 200+ Tokenized Stocks and ETFs into Crypto Analytics Platform
Bratislava, Slovakia, July 31st, 2026, ChainwireTraders can now scan, analyze and set alerts on tokenized equities like AAPL, NVDA, and the S&P 500 with the same advanced toolkit they use for 2,000+ cryptocurrencies, all in one place.altFINS, the crypto analytics platform known for pushing AI ad...
Bitcoin Spot Trading Volume Hits 2019 Low Amid Subdued Market Activity
Bitcoin spot trading volume has fallen to its lowest level since 2019, Glassnode said, a sign of how thin immediate market participation has become even as the price holds near $64,000. The research firm paired that reading with an unusual derivatives signal in Bitcoin’s three-month futures basis, p
Pump.fun Mass Lays Off Employees Months Before Token Unlock
ChainThink reports, according to an exclusive report by Sandmark, Pump.fun laid off employees approximately two months before the employee token unlock, causing at least one former employee to miss out on a PUMP token allocation worth a seven-figure sum at current prices.The layoffs occurred in earl
Claude Code token usage up to 30 times higher than others in agent framework test
Everyone says Claude Code wastes tokens—just how much does it really cost? Finally, someone has calculated the numbers.Recently, there was an interesting comparative experiment conducted by the Composio team. They used the same model
Kimi
K3, run separately in three different agent framewor
OpenAI Permanently Deactivates Internal AI Model Following Hugging Face Breach
July 29, Capitol Hill, Washington.Ultraman had just finished a closed-door meeting with a senator and was immediately surrounded by reporters as he stepped outside.Someone followed up: What happened to the model that broke into Hugging Face—the more powerful, unreleased prototype that escaped the ev
Texas Stock Exchange Launches to Compete with NYSE and Nasdaq
The US just got a new stock exchange, and it’s wearing cowboy boots. The Texas Stock Exchange officially began live trading on July 6, rolling out all tickers as it moves to steal market share from the two venues that have dominated American equity trading for decades.TXSE, headquartered in Dallas,
