As you can imagine, this specified “one night” would be especially mad in a city like New York, where people are often a little nuts to begin with, and that’s where One Night Only takes place. Owen (Callum Turner, rendering a reasonably believable American accent) runs a pizza joint, and he’s getting ready to close up shop as this special 12-hour night is set to begin. He’s not married, but he does have a girlfriend (played by Maya Hawke), who informs him, when they meet up for their date, that she wants to use this one free night of premarital sex to sleep with someone else. Owen is crestfallen. But he also figures he may as well try his own luck. That’s how he runs into Allie (Monica Barbaro), also on her own. She’s had a tough workday—she’s a singer, and she’s been toiling in the studio, recording a schmaltzy jingle for a psoriasis commercial—and her evening plans have fallen through: the pal she was set to go out with, Jacinta (King Princess), found herself a literal prince in the early hours of the evening and has taken off. Allie’s roommate (Quintessa Swindell), who happens to be gay and has no interest in these one-night-only shenanigans (“We’ve been dancing around your laws since before the Bible,” they explain, suggesting that the city’s gay population has pretty much ignored the premarital-sex ban altogether), urges her to make the most of the evening, kitting her out in a fetching, if minuscule, green sequined dress left behind by an ex-girlfriend. In this splendid and very hot outfit, completed with spindly heeled sandals, Allie reluctantly toddles off into the night to join her glimmering, mini-skirted sisters. On this night, New York has become a city of stems.

BlackRock is moving further into tokenized cash management in Europe, planning to launch tokenized versions of select money market funds using JPMorgan’s blockchain infrastructure, Bloomberg reported on Tuesday.

The initiative is expected to span multiple share classes of BlackRock’s Institutional Cash Series—covering pound sterling, euro, and US dollar—and Bloomberg said these funds collectively manage roughly $311 billion. The figure relates to the broader fund range, not the specific assets that will be tokenized.

Key takeaways

• BlackRock will tokenize select European money market fund share classes using JPMorgan’s blockchain infrastructure.
• Each token is intended to represent an interest in an underlying money market fund and be transferable between approved digital wallets.
• JPMorgan’s Kinexys will supply the tokenization layer, while JPMorgan will continue acting as transfer agent.
• The model targets investors and corporates seeking around-the-clock settlement and more flexible collateral movement.
• BlackRock’s push builds on its earlier tokenized fund launch of BUIDL in 2024, which has grown to about $2.67 billion in assets, per RWA.xyz.

What BlackRock’s tokenized cash product is designed to do

According to Bloomberg, BlackRock’s planned tokenized funds are structured so that each token corresponds to a share in an underlying money market fund. The tokens are designed to move in a near “always on” manner, enabling transfers around the clock between approved digital wallets.

For investors, the practical significance is less about trading speculation and more about operational efficiency: instant-style transfers can reduce frictions that typically accompany settlement windows, especially when money market exposure is used for liquidity management or collateral workflows.

How the JPMorgan infrastructure fits in

Bloomberg reported that JPMorgan’s Kinexys will provide the blockchain infrastructure for the tokenization. At the same time, JPMorgan will continue to serve as the transfer agent for the funds, suggesting a hybrid approach that keeps established fund services in place while adding digital issuance and transfer capabilities.

That division of responsibilities matters because tokenized fund launches often hinge on how well the “plumbing” connects to traditional fund operations. By keeping transfer agency functions within JPMorgan’s existing role, the structure may help reduce integration uncertainty for participants who already rely on regulated fund administration processes.

Why cash movements and collateral are the focus

BlackRock executives cited growing interest from market participants looking for more efficient ways to use cash in digital environments. Beccy Milchem—BlackRock’s global head of cash distribution and head of international cash management—told Bloomberg that the firm has seen demand from digital wallet providers, corporate treasurers, and capital markets participants seeking improved efficiency for collateral.

Hannah Winter, BlackRock’s head of digital cash, added that peer-to-peer transfer capability appealed to companies evaluating intracompany payments. In other words, the appeal is not only in settlement speed but also in internal treasury operations—where moving value between entities can be time-sensitive and require audit-ready processes.

Built on momentum from BUIDL

This European launch comes after BlackRock’s earlier entry into tokenized cash-management with BUIDL, its US dollar-denominated institutional liquidity fund. BlackRock previously introduced BUIDL in 2024 and the product has since grown, reaching $2.67 billion in assets according to RWA.xyz.

While BUIDL and this planned European offering are different in jurisdiction and currency exposure, the continuity in strategy is clear: BlackRock is treating tokenized cash as a scalable product category rather than a one-off experiment. Readers should note that growth figures for these funds can reflect broader market adoption, distribution partnerships, and participant comfort with tokenized settlement—not just underlying price performance.

What to watch next

With BlackRock and JPMorgan positioning tokenized money market fund shares for transfers between approved digital wallets, the next signals to monitor are the rollout timeline, which institutions qualify for wallet access, and how settlement and transfer-agent processes operate under real usage. Those details will determine whether tokenized cash becomes a convenient back-office upgrade—or remains limited to pilots and early adopters.

Strategy has expanded its employee benefits by supporting the Trump Accounts contribution programme across its U.S. workforce. The company also confirmed annual and one-time contributions for eligible employees’ children after federal implementation begins. Meanwhile, Strategy maintained its long-term Bitcoin strategy despite recent treasury sales and continued on-chain wallet activity.

Strategy Adds Trump Accounts Benefit for Employee Families

Strategy announced plans to contribute $250 annually for every eligible child under 18 of its U.S. employees. The company will also provide a one-time $1,000 contribution that matches the federal seed deposit. However, the programme will begin only after the U.S. Treasury completes implementation and enables employer contribution systems.

The initiative places Strategy alongside Coinbase, Circle, Morgan Stanley, Goldman Sachs, and other firms supporting the Trump Accounts program. The initiative encourages long-term wealth building through tax-advantaged investment accounts for children. Moreover, participating employers will contribute only after federal systems become operational.

Strategy said the programme depends entirely on final Treasury guidance and the required administrative infrastructure. The company expects eligible employees to access the benefit after federal agencies complete the rollout. As a result, Strategy expanded its employee benefits while supporting a broader national savings initiative.

Strategy Maintains Bitcoin Treasury While Managing Capital

Strategy continued adjusting its Bitcoin treasury through routine capital management activities during the same period. A recent SEC filing showed the company sold 1,638 Bitcoin at an average price of $63,957. Even so, Strategy retained 842,138 Bitcoin acquired for approximately $63.51 billion at an average purchase price of $75,419.

Meanwhile, blockchain tracking platforms reported additional Bitcoin transfers involving wallets linked to Strategy. Lookonchain identified a transfer of 1,030 Bitcoin worth more than $66 million. In addition, Arkham data recorded several transactions ranging between $6 million and $21 million during the week.

Strategy has not confirmed whether those wallet movements represented additional Bitcoin sales. However, the company has consistently disclosed that treasury transactions support broader capital management objectives. Therefore, recent transfers have not changed Strategy’s stated long-term commitment to holding Bitcoin as its primary treasury reserve asset.

Trump Accounts Expand Corporate Participation in Savings Program

Trump Accounts aim to encourage long-term saving through investment accounts created for eligible children across the United States. Children born between 2025 and 2028 qualify for a $1,000 federal contribution under the programme. Furthermore, participating accounts will invest in mutual funds or exchange-traded funds tracking the S&P 500 or similar U.S. equity indexes.

Several major financial companies have already committed to supporting employer contribution programmes linked to the initiative. Strategy now joins that growing list through its planned employee benefit programme. Consequently, more corporations continue integrating long-term savings incentives into workplace compensation packages.

Strategy has also supported previous initiatives associated with President Donald Trump through corporate political contributions. The company, formerly known as MicroStrategy, donated $1 million to MAGA Inc. during January 2025. Coinbase and Circle also contributed $1 million each to Trump’s inaugural fund, providing additional background to their participation in the current savings initiative.

The latest announcement reflects Strategy’s effort to expand employee benefits while continuing its established Bitcoin treasury strategy. At the same time, the company maintained active capital management through selective Bitcoin transactions and public regulatory disclosures. Together, these developments highlight Strategy’s broader corporate approach, combining digital asset management with new employee-focused financial programmes under the emerging Trump Accounts framework.

Pi Network price gained more than 10% this week as rising volume, the Protocol 26 upgrade, and a new RoboPay integration improved short-term demand.

Pi Network price tests $0.09 resistance

According to data from crypto.news, Pi Network (PI) price traded near $0.0872 on Wednesday after gaining more than 10% over the past week. The token rose as high as $0.0902 during the latest daily session before giving back part of the move.

Trading activity also increased. PI’s 24-hour volume rose 75% to approximately $11.5 million, showing that the recovery attracted more market participation than earlier low-volume moves.

The 4-hour chart shows PI pressing against the upper Bollinger Band at $0.08824. That level overlaps with the $0.088–$0.090 resistance zone that has limited several recovery attempts since late July.

A 4-hour close above $0.090 would provide the first clear sign that buyers have broken the immediate ceiling. Until that happens, the latest advance remains a resistance test rather than a confirmed breakout.

PI’s 4-hour Relative Strength Index stood at 61.97, above its signal average of 53.98. The reading points to strengthening momentum but remains below the conventional overbought threshold of 70.

Protocol 26 deadline supports sentiment

The recovery comes as Pi Network prepares to complete its Protocol 26 Mainnet upgrade. The Pi Core Team has given node operators until Aug. 11 to install the update through the Pi Node software.

Operators who fail to upgrade risk losing their connection to the Mainnet, according to the project’s official announcement.

Protocol 26 follows eight upgrades completed during recent months. Pi Network has described it as a major step before Protocol 27, the final update currently planned in this upgrade cycle.

The upgrades are intended to bring the network’s protocol features and functionality up to date. However, they do not guarantee greater demand for PI or a sustained price recovery. Traders will be watching whether the technical work leads to increased development and activity across the ecosystem.

The Aug. 11 deadline may remain a short-term sentiment driver. Price volatility could rise around the event if node participation or the upgrade process differs from market expectations.

RoboPay adds a potential PI payment use case

Fabric Foundation also announced that Pi Network had joined RoboPay as a payment partner. The group said PI would be used to pay for robot services across the Fabric network.

“Pi will be used to pay for robot services across the Fabric network,” the Fabric Foundation said.

RoboPay is designed to let developers assign prices and execution rules to robotic tasks. A payment-authorized request can trigger a robot to perform an action and return a structured result once the task is completed or rejected, according to Fabric Foundation documentation.

Potential services include deliveries, security patrols, industrial inspections and interactions with humanoid assistants. These examples describe the planned scope of the system, however, and do not establish that each service is already widely available to PI holders.

The integration gives PI another proposed utility route beyond transfers and ecosystem applications. Its effect on token demand will depend on the availability of RoboPay services, user adoption, and the number of transactions ultimately settled with PI.

PI price faces larger moving-average barriers

The daily chart offers an improving short-term picture but shows that PI has not reversed its wider downtrend.

PI closed around $0.08727, above its 20-day simple moving average of $0.08513. Reclaiming that line gives buyers an initial support level following the rebound from July’s low near $0.070.

Chaikin Money Flow increased to 0.07, moving above zero as capital flows shifted modestly toward buyers. A sustained positive reading would add support to the recovery case.

The larger moving averages remain well above the market, however. PI trades below its 50-day SMA at $0.10218, the 100-day SMA at $0.12807, and the 200-day SMA at $0.15230. Their bearish alignment reflects the decline that has continued since the first quarter.

If PI closes above $0.090, the psychological $0.10 level and the 50-day SMA near $0.1022 would form the next resistance area. That would represent an advance of roughly 17% from $0.0872.

On the downside, the Bollinger Band midpoint and 20-day SMA create initial support around $0.0845–$0.0851. Losing that zone could expose the lower 4-hour band near $0.08085. A deeper reversal would put the July base between $0.070 and $0.075 back in focus.

For US traders, the setup also carries venue risk because PI access and supported trading pairs can differ by platform and jurisdiction. The displayed price comes from the OKX PI/USDT market, so spreads and available liquidity may not match those on other venues.

PI’s immediate outlook therefore depends on whether buyers can convert the current volume increase into a close above $0.090. Protocol 26 and RoboPay have improved sentiment, but the token must still clear its longer-term moving averages to establish a broader reversal.

Circle posted second-quarter results for fiscal year 2026 that showed revenue growth but a slight miss versus Wall Street’s expectations. The stablecoin issuer reported $701 million in total revenue and reserve income, up 7% year-over-year, alongside net income from continuing operations of $48 million.

In parallel, the company is pushing toward the next phase of its business: a public mainnet launch for Circle’s Arc blockchain scheduled for Sept. 16. Circle also disclosed its founding validator cohort and said it has more than 100 ecosystem and institutional builders lined up ahead of the debut.

Key takeaways

• Circle reported $701 million in Q2 fiscal 2026 total revenue and reserve income, up 7% year-over-year, narrowly below the average estimate of $713.32 million compiled by Yahoo Finance.
• Reserve income totaled $668 million, growing 5% year-over-year, driven primarily by a 25% increase in average USDC circulation.
• Net income from continuing operations rose to $48 million, a $530 million improvement year-over-year.
• Guidance for “other revenue” in the current fiscal year was raised to $310 million–$330 million from $150 million–$170 million, including Arc token presale revenue.
• Arc’s launch remains scheduled for Sept. 16, with Circle naming a founding validator cohort that includes BlackRock, DTCC, Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa.

Revenue growth, with reserve income still the driver

Circle’s quarterly performance centered on its reserve income stream. The company said it earned $668 million in reserve income in the quarter, representing a 5% increase compared with the same period a year earlier. Circle attributed the uptick primarily to a 25% rise in average USDC circulation.

Alongside reserve income, Circle reported total revenue and reserve income of $701 million. While the headline number reflected continued business momentum, it fell short of consensus forecasts, according to Yahoo Finance’s compilation of Wall Street analyst estimates.

On the profitability side, Circle reported net income from continuing operations of $48 million. The company framed this as a substantial year-over-year improvement, with a $530 million increase compared to the prior year period.

Guidance raised as Arc moves closer to mainnet

Although Circle’s earnings print missed the average consensus, management boosted its outlook for multiple metrics. Most notably, Circle increased its guidance for other revenue for the current fiscal year to $310 million–$330 million, up from the previous range of $150 million–$170 million. Circle stated that the higher range includes Arc token presale revenue.

The timing matters for investors and market participants because Circle’s financial narrative increasingly hinges on the Arc rollout. Circle has already set a public mainnet launch date for Sept. 16, and the company is using the period ahead of launch to position Arc as a broader platform rather than a one-off experiment.

Circle said Arc has more than 100 ecosystem and institutional builders lined up ahead of the debut. That includes not only developers, but also organizations expected to support early network activity and liquidity-related infrastructure.

Arc validator cohort signals a mainstream integration push

Circle’s Wednesday update also named the founding validator cohort for Arc. The list includes major financial and payments-focused firms: BlackRock, DTCC, Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa. Circle provided the validator list in a separate press announcement alongside details about major integrations for Arc ahead of September’s mainnet launch.

From an investor standpoint, the practical significance of naming validators is less about headlines and more about operational readiness. Validator involvement can be interpreted as an attempt to reduce perceived onboarding friction for institutional participation—especially in a market where regulated entities typically prefer familiar counterparties and proven compliance frameworks.

Still, readers should note what remains unknown: Circle did not indicate any changes to the Sept. 16 timing in its earnings release. The key follow-up will be whether the company’s ecosystem commitments translate into sustained activity once mainnet goes live.

Stablecoin supply slump adds pressure to the sector

Circle’s results landed during a broader stablecoin market slowdown. CryptoQuant data cited in the report showed total stablecoin supply declining to $153 billion as of June 30, down from $156 billion on April 1.

Even in a relatively soft supply environment, Circle continues to play a prominent role. The company issues USDC, described in the report as the world’s second-largest stablecoin by circulating supply, with $72 billion in circulation. Tether’s USDt (USDT) remains first with $183 billion in circulation, based on CoinMarketCap data referenced in the article.

A stablecoin supply pause can influence issuance-linked revenue expectations, which makes Circle’s USDC circulation growth in the quarter particularly important. Circle’s reserve income growth was tied to higher average USDC circulation—suggesting that while the overall stablecoin market was not expanding rapidly, Circle found a way to move in the opposite direction within its own product line.

The broader market impact also includes usage intensity. According to a spokesperson from Talos, USDC remains dominant for on-chain settlement even as supply growth has stalled. The spokesperson cited that USDC accounted for 72% of $15.6 trillion in adjusted on-chain transfer volume, and they added that USDC supported roughly eight times more transfer volume per dollar of supply than USDT.

What to watch next

With Arc’s Sept. 16 mainnet launch approaching and management having raised guidance to include Arc token presale revenue, the next signals investors should track are Circle’s ability to convert pre-launch ecosystem commitments into measurable on-chain activity—and whether the stablecoin supply backdrop improves enough to support continued growth in USDC circulation and reserve income.

Lido DAO price rebounded more than 5% on Thursday as holders voted on the NEST automated buyback system, although concerns over Ethereum’s proposed staking changes kept LDO under pressure.

Lido DAO price rebounds after 16% weekly decline

According to data from crypto.news, Lido DAO (LDO) price traded near $0.293 at the time of writing. The token moved between $0.2757 and $0.3048 over the previous 24 hours before recovering about 5.2%.

Despite the rebound, LDO remained down approximately 16.7% over the past week. It underperformed the broader cryptocurrency market, which gained about 1.3% over the same period.

The monthly performance was more positive. LDO remained about 5.1% higher over 30 days after rallying during July. The token had gained roughly 65% at one point last month before encountering resistance around $0.40.

Trading volume reached about $62.2 million over 24 hours. However, volume was 11% lower than the previous day, suggesting that participation eased after the initial sell-off.

Ethereum staking proposal pressures LDO

LDO’s weekly decline accelerated as the Ethereum community debated EIP-8361, a proposal called the Tapered Issuance Burn.

The proposal would burn a growing portion of validator issuance rewards as the share of ETH committed to staking increases. Issuance-based rewards could eventually approach zero if approximately 50% of Ethereum’s supply becomes staked.

EIP-8361 remains a draft and has not been approved for implementation. However, traders appear to be pricing in its possible effect on liquid-staking providers.

Lower Ethereum staking rewards could make products such as Lido’s stETH less attractive. Reduced demand could affect the protocol’s total value locked, fees and DAO revenue.

Critics participating in the Ethereum Magicians discussion warned that lower rewards could force higher-cost solo validators out before large providers that can spread expenses across thousands of validators. The proposal’s authors argue that ending issuance incentives beyond a 50% staking ratio would limit ETH issuance and reduce the risk of excessive staking concentration.

NEST vote links Lido revenue with LDO

Lido DAO opened the final on-chain vote for its NEST automated buyback and liquidity system on Aug. 5. The main voting phase will close on Aug. 8 at 2:00 p.m. UTC.

NEST, short for Network Economic Support Tokenomics, would allocate part of Lido’s eligible revenue surplus to LDO purchases and DAO-owned liquidity.

The proposed mechanism uses a $40 million annual staking-revenue baseline. When daily revenue exceeds the equivalent baseline, 50% of the eligible surplus can enter NEST, subject to a $50,000 daily limit and a rolling annual cap of $10 million.

Under the initial LP configuration, half of the eligible budget would purchase LDO through CoW Swap. The other half would be converted into wstETH and paired with the acquired LDO in a Curve liquidity pool.

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Lido DAO would retain ownership of the resulting liquidity-provider tokens. The purchased LDO would not be burned.

A previous Snapshot vote approving the final NEST design passed with 52.37 million LDO, or 94.5% of participating tokens, in support.

LDO price remains below key resistance

The daily chart shows that LDO recovered after briefly falling to $0.2751. The resulting lower wick indicates that buyers entered near the $0.275–$0.280 support area.

However, price remains slightly below the lower Bollinger Band at $0.2946. The Bollinger midpoint at $0.3577 is well above the current price, while the upper band sits near $0.4208.

Daily RSI has fallen to 37.57 and remains below its signal average of 53.56. The reading shows that bearish momentum has weakened the July uptrend, although LDO has not yet reached deeply oversold territory.

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A close below $0.275 could expose $0.250 and the June low near $0.235. Conversely, reclaiming $0.305 would mark the first recovery signal. LDO would then face resistance around $0.320–$0.330 and the Bollinger midpoint near $0.358.

The NEST vote provides a potential token-value mechanism, but its future buying capacity depends on Lido producing sufficient staking revenue. That leaves EIP-8361 and the wider Ethereum staking debate as key risks for LDO holders.