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Share link:In this post: Exxon and Chevron beat Q2 profit forecasts despite falling crude prices. Chevron finalized its $55B Hess deal and will resume limited Venezuelan oil exports. Saudi Arabia’s oil rig count fell to 20 in July, the lowest since 2005.
Share link:In this post: JD Vance and Lori Chavez-DeRemer pushed back on Trump’s claim that the jobs data was manipulated. Both officials defended the administration’s job creation before Trump fired the BLS commissioner. Chavez-DeRemer called the revisions unexpected but emphasized Trump’s hiring record.
Share link:In this post: UK households are still worse off despite the BoE cutting rates four times since July 2024 Savers lost nearly £5 billion while mortgage and credit costs rose by £6 billion. BOE likely to cut rates to 4 percent but high inflation keeps easing slow.
XRP faces potential short-term declines, with decreasing leverage and significant sell-side pressure. Unless buying momentum strengthens, it may drop below key support levels.
- 14:38Ondo Finance completes acquisition of Oasis Pro, obtains SEC license to expand into the U.S. tokenized securities marketChainCatcher news, RWA (Real World Asset) tokenization protocol Ondo Finance announced that it has successfully completed the acquisition of the regulated digital asset broker-dealer Oasis Pro. This strategic acquisition enables Ondo Finance to obtain a comprehensive set of licenses and infrastructure, including an SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA), allowing it to develop and offer regulated tokenized securities markets within the United States. Oasis Pro's infrastructure supports the tokenization, issuance, transfer, and secondary trading of RWAs, and is one of the first US-regulated ATSs authorized to use stablecoins for digital securities settlement. Ondo CEO Nathan Allman stated that through this merger, Ondo is committed to building a transparent, accessible, and compliant on-chain financial system and accelerating the development of the US tokenized securities market. .
- 14:24Analysis: Institutional Investors Are Embracing "Devaluation Trades"Jinse Finance reported that Anthony Pompliano, founder of bitcoin treasury company ProCap, stated that JPMorgan analysts now refer to bitcoin and gold as "depreciation trades," and institutional investors are embracing depreciation trades. Bitcoin holders and gold holders have been loudly voicing concerns about currency depreciation for years, but what is different now is that major financial institutions have recognized this issue. The inflow of funds into bitcoin ETFs has reached record highs. This year, the price of gold has risen by more than 50%, and the next 12 weeks will be very interesting for bitcoin holders.
- 14:24Spot gold rises above $3,950 per ounce, up 1.64% on the dayJinse Finance reported that spot gold has surpassed $3,950 per ounce, rising more than $60 during the day, with an increase of 1.64%. (Golden Ten Data)