The U.S. economy added only 57,000 jobs in June, missing the expected 115,000 gain, while the unemployment rate fell to 4.2%. The weaker hiring and drop in labor force participation point to a cooling labor market heading into summer.
Job creation has moderated as the economy heads into the summer months.
https://x.com/CNBC/status/2072660319260791197
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Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
California Governor Gavin Newsom signed legislation barring public officials from issuing memecoins and prohibiting companies from using officials' likenesses in such coins. The rules were motivated by reports of roughly one million investors losing an alleged $3.8 billion on a 2025 presidential memecoin.
APAC nations hold nine of the top 20 spots in the 2026 crypto adoption ranking while Bitget revised its breach figure to about $387.5 million from an initial $351.6 million. Regional banks are also testing 24-hour settlement and blockchain bond issuance.
SoFi has begun settling its card program with Mastercard using SoFiUSD, targeting more than $25 billion in expected annualized volume after migration. The change provides faster onchain settlement while leaving consumer cards and merchant systems unchanged.
Warren Buffett has stepped down as chairman of Berkshire Hathaway and will become chairman emeritus, with his son Howard taking over under a long-standing succession plan at the $1 trillion company he has led since 1965.
