U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

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Crypto Exchange Bybit Withdraws From France in Response to Regulations

It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.Source

First Mover Americas: BTC Warnings Finger Drop to $55K

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Kujira Foundation’s Tokens Stung by Its Own Leveraged Positions as Bets Backfire

The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.Source

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.Source

Kamala Harris Can’t Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could “make a difference in key battleground states,” OMFIF wrote.Source

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange’s Earnings Report

Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus.Source

Hong Kong’s Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on “expanding our crypto offerings in the near future.”Source

Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year

Long-term holders are motivated to hold at bitcoin’s going market rate, implying an attractive risk-reward for existing or potential investors, according to the “reserve risk” indicator.Source

Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.Source