Coinbase has selected Abu Dhabi as its global hub for advancing tokenized assets.

According to market data from BIT (bit.com), U.S. stock index futures edged higher in pre-market trading on Tuesday, while oil prices erased earlier gains. This comes after Pakistan signaled that the U.S. and Iran are nearing an agreement, which is expected to ease tensions roiling energy markets. Meanwhile, traders are awaiting key inflation data to guide the Federal Reserve’s interest rate policy. Senior market analyst Daniela Hathorn noted: “Investors are increasingly pricing in a scenario where inflation continues to cool, the Fed stays patient, and earnings growth is sufficient to support elevated valuations. If the CPI data comes in mild again, it will reinforce this narrative and extend the rally; if the data exceeds expectations, it will push up U.S. Treasury yields and the dollar, forcing markets to re-examine whether recent optimism around policy and valuations is justified.”

According to a report by the Financial Times, Erebor Bank, a crypto-friendly bank co-founded by Palmer Luckey and Joe Lonsdale, is seeking $1.5 billion in funding, with the round expected to close in weeks. The target pre-money valuation is $8 billion, and firms including a16z are listed as potential investors. The project’s core business is providing crypto-friendly banking services. Erebor Bank previously raised $350 million in funding in December 2025, at a valuation of $435 million.

For the week ended July 25, the US ADP employment posted a weekly change of 8,250, versus the prior figure of 15,000. (Jinshi)

As businesses accelerate hiring and inflation pressures ease, U.S. small business optimism rose in July to near its highest level in nearly a year. The Small Business Optimism Index from the National Federation of Independent Business (NFIB) climbed 2.4 points to 99.8, marking its highest level since August 2025. Eight of the 10 component sub-indexes rose, while two declined. The net share of U.S. small businesses planning to add jobs jumped to its highest since October 2022, and the proportion of small businesses planning capital expenditures in the coming months hit its peak since the end of 2024.

According to a report by The Wall Street Journal, U.S. officials said the U.S. military opened fire on a Panamanian-flagged vessel that attempted to break through Iran's port blockade.

According to U.S. Securities and Exchange Commission (SEC) filings, the Swiss National Bank reported holding 1.5 million Class A shares of SpaceX (SPCX.O) as of June 30.