Firi Weekly Week 31: Crypto Falls on Weak US Economy

FIRi Weekly market updates with this introduction: U.S. job numbers disappointed with only 73,000 new positions in July, while May and June were revised downward by 258,000, raising fears of recession.

August 5, 2025

crypto

Job numbers trigger drop:

The United States added only 73,000 jobs versus an expected 100,000, and major downgrades reveal economic weakness. In response, Trump fired the chief of labor market statistics.

Tariffs and interest rates signal trouble:

Trump's new toll hits over 60 countries, while U.S. bond yields plunge on recession fears and amplify the market downturn.

The SEC's Crypto Revolution:

New SEC chief unveils “Project Crypto” to turn America into crypto capital with promises of tokenized stocks and updated depository rules.

ETF records before high outflows:

July saw $6 billion in Bitcoin and a record-high $5.43 billion in Ethereum ETF inflows, before August 1 marked the second largest outflow day this year for both.

‍

Relaterte artikler

Bitcoin over 60,000 USD; how did we get here?

After the Bitcoin exchange rate this week passed 60,000 USD, in a recent newsletter we have asked: How did we get here? Here we share a story about crypto winters and crypto years, about the ups and downs, but well as much about how it is built and built and about how the crypto industry is now seriously meeting classical finance.

The Financial World is captivated by Tokenization of Real World Assets

Tokenization of Real World Assets (RWAs) is making the headlines in the international financial media, both within and outside of the crypto industry. Why is this? We have invited Lise Wessel and Thomas Tallis to shed some light on this trend. But also to give us some examples from their own project, Tvinn, where they are preparing to launch a platform for tokenization of RWAs, starting with gold.