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US non-farm payroll report tops expectations: Non-farm payrolls increased by 130,000 and the unemployment rate dropped to 4.3% in the US in January, signaling the US economy is in a slightly stronger position than recent estimates. The report from the Bureau of Labor Statistics beat a Dow Jones consensus prediction of 55,000 new jobs, easing some concerns over a slowing labor market. Crypto prices declined following the report as analysts priced in the possibility of less aggressive rate cuts in 2026.
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BlackRock to put tokenized treasury fund on Uniswap: BlackRock announced Wednesday it will put US tokenized treasuries fund BUIDL on Uniswap in the financial giant’s first major foray into decentralized finance. Tokenization company Securitize will lead compliance and handle regulatory matters as part of the deal.
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Crypto and banking lobby still at an impasse on CLARITY Act: The two sides reportedly were unable to reach a compromise at a White House meeting this week after banking industry participants presented a list of rules restricting any stablecoin yield opportunities that went beyond the current version of the CLARITY Act. Banks have drawn a hard line around prohibiting stablecoin rewards for fear customers will pull their money en masse.
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BitMine Immersion buys more Ethereum: BitMine Immersion Technologies announced this week it acquired 40,613 ETH last week amid the crypto market pullback, bringing the Ethereum treasury company’s total crypto stack to approximately $9 billion at current market prices. The company now has about two-thirds of its 2.9 million ETH staked, bringing in more than $200 million annually.
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