KuCoin cryptocurrency exchange is aiming to capture 10% of the blockchain mining capacity behind the world’s largest memecoin, the Dogecoin network, through the launch of a new cloud mining platform.
KuCoin targets 10% of Dogecoin mining capacity
US job openings drop, hiring remains tepid
U.S. job openings fell to a 10-month low in July and there were more unemployed people than positions available for the first time since the COVID-19 pandemic, data consistent with easing labor market conditions and supporting expectations the Federal Reserve would cut interest rates this month.
Oil settles down ahead of OPEC+ meeting
Oil prices settled down more than 2% ahead of a weekend meeting of OPEC+ producers that is expected to consider another increase in production targets in October. The prospect of OPEC+ raising oil production has increased ahead of the meeting.
Pound slides on fiscal worries
Britain’s 30-year borrowing costs rose to their highest levels since 1998 and sterling slid over 1.5%, highlighting growing investor anxiety about the UK’s ability to keep its finances under control.
Wall Street hits over one-week low
Wall Street’s main indexes tumbled to a more than one-week low on Tuesday, as investors returning from a long holiday weekend confronted fresh uncertainty over the legality of President Donald Trump’s tariffs.
Gemini files S-1 for IPO to place 16.7M GEMI shares on Nasdaq
Gemini, a crypto exchange founded by Cameron and Tyler Winklevoss, announced the launch of an initial public offering of 16.67 million shares of Class A common stock. Gemini is planning to sell the shares priced between $17 and $19 per share, to raise up to $317 million.