🟠 Crypto News Vitalik Buterin's latest pivot is pushing Ethereum's Layer 2s to mature, with industry leaders seeing it as a growth opportunity rather than a threat, prompting them to define their unique roles.⚖
Global Economy Update ⚪ America's private sector added an estimated 22,000 jobs last month, signaling cooler job growth, according to payrolls processor ADP. Economists are now awaiting delayed government data. ⚖
🟠 Crypto News Bitwise is reportedly set to acquire crypto staking company Chorus One. This comes as Ethereum staking demand surges, with over 30% of ETH supply now locked.⚖
Global Economy Update ⚪ Stephen Miran has resigned from the White House. This follows his leave of absence from advising the president after taking on a role at the Federal Reserve, which drew criticism. ⚖
🟠 Crypto News Nevada authorities have filed a lawsuit against Coinbase concerning unlicensed wagering, following the company's announcement of launching prediction markets across all 50 US states. ⚖
🟠 Crypto News Elon Musk's xAI is hiring crypto specialists for a remote role. They'll be training AI models on crypto market mechanics, including trading, on-chain activity, and risk management. 🤖💰
Global Economy Update ⚪ Richmond Federal Reserve President Thomas Barkin shares that with inflation decreasing, the Fed is guiding interest rates back towards neutral levels. ⚖
🟠 Crypto News Economist Robin Brooks predicts that Trump's Fed pick Kevin Warsh could implement 100 basis points in rate cuts this year, moving swiftly on monetary policy. 📊
🟠 Crypto News Elon Musk's recent SpaceX and xAI deal is bringing a sharper focus to bitcoin accounting ahead of an IPO. This move consolidates cryptocurrency exposure across his various businesses.⚖
Global Economy Update ⚪ China is pushing to become a global leader in artificial intelligence development while simultaneously implementing an increasingly intricate set of rules for companies to follow.⚖