Despite job growth, stagnant wages and rising part-time work highlight 
underlying economic challenges, impacting consumer purchasing power.
The post US economy adds 115,000 jobs in April, unemployment steady at 4.3% 
appeared first on Crypto Briefing.

US economy adds 115,000 jobs in April, unemployment steady at 4.3%

The integration of crypto into major banks like BNY Mellon and JPMorgan could 
create systemic risks, linking digital assets to global finance.
The post Bitwise ranks banks with broadest crypto exposure, including BNY 
Mellon and JPMorgan appeared first on Crypto Briefing.

Bitwise ranks banks with broadest crypto exposure, including BNY Mellon and JPMorgan

Nvidia&#8217;s board expansion with a finance expert highlights its focus on robust 
governance amid its ambitious AI hardware growth trajectory.
The post Nvidia adds Suzanne Nora Johnson to board of directors appeared first 
on Crypto Briefing.

Nvidia adds Suzanne Nora Johnson to board of directors

The surge in memory prices due to AI demand pressures gaming companies to 
innovate in cost management and strategic planning, impacting future releases.
The post Sony and Nintendo face memory price surge as AI gobbles up chip 
supply appeared first on Crypto Briefing.

Sony and Nintendo face memory price surge as AI gobbles up chip supply

Stronger job growth and stable unemployment may delay Fed rate cuts, impacting 
crypto volatility and investor sentiment on inflation.
The post US adds 115K jobs in April, unemployment rate holds at 4.3% appeared 
first on Crypto Briefing.

US adds 115K jobs in April, unemployment rate holds at 4.3%

The Hyperliquid Policy Center (HPC) praised Securities and Exchange Commission 
(SEC) Chair Paul Atkins on Friday for what it described as an ambitious effort 
to improve clarity for on-chain markets. SEC’s On-Chain Guidance Agenda 
Atkins’ remarks centered on four key areas where he said the Commission should 
provide more guidance on how regulatory principles translate into the context 
of on-chain activity. He said that participants should have a clear sense of 
how on-chain trading systems can function within the regulatory perimeter. 
Looking ahead, he noted that while the SEC may consider a limited “innovation 
pathway” soon, he also argued the agency should think about what a future- 
proof framework could look like. In his view, that framework would take the 
form of notice-and-comment rulemaking, and it would specifically address how 
the SEC’s “exchange” definition applies to on-chain trading systems. Related 
Reading: Hyperliquid Q1 Report—The ‘House Of All Finance’ Is Nearer Than Ever, 
Here’s Why The SEC chair also pointed to the need to clarify how the broker 
and dealer framework would apply to these activities. He said the Commission 
should examine issues raised in a recent staff statement on software 
interfaces, and he suggested that this policy initiative could involve notice- 
and-comment exemptive rulemaking. A third area of emphasis was the definition 
of a “clearing agency” as it applies to on-chain clearing and settlement. 
Atkins said rulemaking may be necessary to confirm which general-purpose 
activities fall outside that definition. Finally, Atkins called for additional 
clarity surrounding what are commonly referred to as “crypto vaults.” He 
described crypto vaults as on-chain software applications that allow users to 
earn yield passively by deploying their assets into yield-generating 
opportunities on-chain. He said the Commission should address the relevant 
Securities Act and Advisers Act touch-points as it considers these policy 
initiatives. Why Hyperliquid Policy Center Finds It Promising Atkins concluded 
by saying the SEC will keep moving forward to accommodate markets moving on- 
chain. At the same time, he reiterated his call for Congress to send the 
CLARITY Act to President Trump’s desk. He argued that while the SEC intends to 
“future-proof” its efforts through notice-and-comment rulemaking, there is “no 
more powerful” future-proofing mechanism than enshrining well-designed 
statutory language in law. The Hyperliquid Policy Center, led by Jake 
Chervinsky, said it was encouraged by Atkins’ approach of mapping on-chain 
clearing and settlement systems to existing legal frameworks “on their own 
terms,” rather than forcing them into legacy categories built for legacy 
architecture. Related Reading: JPMorgan Says Strategy Could Buy Up To $30B In 
Bitcoin This Year– TD Cowen Lifts Target To $395 The Hyperliquid Policy Center 
also called on-chain clearing and settlement “one of the most significant 
financial infrastructure innovations of our generation,” and it said it views 
the chairman’s stance as a constructive step toward regulatory alignment as 
on-chain systems continue to evolve. At the time of writing, the Hyperliquid 
platform&#8217;s native token, HYPE, was trading at $42.98, marking a 2% increase 
over the last 24 hours. Currently, the Hyperliquid token is trading at almost 
27% below its all-time high of $59, which was reached last year. Featured 
image created with OpenArt, chart from TradingView.com

US economy adds 115,000 jobs in April, unemployment steady at 4.3%

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