US accounting board FASB proposes conditions for stablecoins as cash equivalents
The FASB said secondarymarket liquidity alone would not be enough, with holders needing direct issuer redemption rights and onetoone liquid reserves.…
Cerebras’s stock has been a post-IPO bust. Its comeback hinges on this new chip.
Cerebras is betting that its specialized chips will outpace traditional graphics processing units as AI agents become more widespread. Source：MarketWatch
SEC proposes new crypto rules in absence of CLARITY Act
The proposed rules from the US securities regulator would provide companies with a safe harbor from tokens being treated as “investment contracts” and certain…
Hidden Valley Ranch dressing may be a victim of this summer’s salad scare
As the cyclospora outbreak has made consumers more cautious about salad purchases, one analyst points to sales declines for Clorox’s Hidden Valley brand.…
FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain
The noncustodial crosschain swap engine connects Canton’s institutional tokenizedasset markets with liquidity and trading activity across major public…
Here’s a ‘ridiculously cheap’ way to protect yourself against a stock-market selloff
Wall Street’s ‘fear gauge’ is signaling the allclear, despite myriad looming risks. Source：MarketWatch
Ripple- and Coinbase-funded PAC spends $2M in Florida race with little mention of crypto
A Florida representative not running for reelection who voted against the GENIUS and CLARITY Acts has endorsed a Democratic candidate, possibly leading to…
America’s growing debt pile will be the big focus Wednesday as global bond rout deepens
How much will the U.S. need to pay to convince the world to keep lending it money? Source：MarketWatch
Wyoming joins $15 billion LayerZero exodus with state stablecoin move
This is the first time a U.S. government entity has publicly replaced its blockchain infrastructure specifically on security grounds. Source：CoinDesk
Kraken’s Krak debuts US debit card as Payward broadens financial services push
The multiasset card lets US customers spend crypto and fiat and earn cashback as Kraken’s parent company expands across financial services. Source：Cointelegraph
Soon you can buy Medicare Advantage plans at Costco. What you need to know.
The warehouse club becomes the latest consumer brand to offer health insurance. Source：MarketWatch
Federal prosecutors blast ex-Celsius CEO’s motion to vacate as ‘without merit’
Despite already serving a 12year sentence in federal prison, Alex Mashinsky continues to explore legal avenues to vacate his conviction related to activities…